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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Kent C. who wrote (6891)1/28/1998 3:59:00 PM
From: Eric Freeman  Read Replies (1) | Respond to of 116950
 
I am not one to look for conspiracy, but has anyone else noticed how CNBC seems to be avoiding the rise in the gold price. They just had a guy on from REVCO and they cut him off - tried to avoid his bullish comments on metals by shifting to oil price. Said they had news flash or something - then ran advertisement - and no news?? Am I imagining this or has anyone else noticed?

Eric



To: Kent C. who wrote (6891)1/28/1998 4:44:00 PM
From: Kent C.  Read Replies (1) | Respond to of 116950
 
Former Fund Mangers outlook on Gold:

Peter Grandich
Precious Metals

No sooner do I arrive home, only to find numerous inquiries on
why I changed my opinion.
"What change", I said?

Apparently, someone posted on the Internet somewhere that at
The Vancouver Gold Show I stated gold won't rise much further.
This claim is erroneous and why I dislike the Internet at times.
What I did say was I indeed looked for a rally to begin a few
weeks ago, and simply felt if and when it hit $320 or so, we
could run into serious resistance. Producers who were caught
with their pants down will feel the urge to scale up, sell so
they can return to profitability and/or positive cash flow.

I guess this person interpreted that statement differently.

I will say it again, I believe gold has traded in a 17-year
trading range of $285 - $500, of which it spent most of the time
between $325 - $425. I foresaw no reason (and still don't) that,
it can't eventually go back to the upper end of its trading
range.


Neither Peter Grandich nor Peter Grandich Company, is a
Registered Investment Advisor or a Broker/Dealer. This
communication (print or electronic) reflect Mr. Grandich's
opinions and does not necessarily reflect those of anyone else
related to the firm and may be in conflict with the views or
official views of the companies mentioned.