SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: PaulM who wrote (7870)2/25/1998 8:58:00 AM
From: long-gone  Read Replies (1) | Respond to of 116764
 
please excuse the change of topic, but did anyone else see the very short sharp sudden spikes on POG & POS graphs yesterday on Kitco? a few of these bouts of short heavy demand preceded The Buffett announcement.someone is coming in & making a few (well placed) heavy buys of silver & gold.
richard



To: PaulM who wrote (7870)2/25/1998 10:40:00 AM
From: IngotWeTrust  Read Replies (1) | Respond to of 116764
 
Tell U what's discombobolating 2 me, Paul, and that's this: We bashed Mexico during the last Peso Deval for NOT having a currency board. And we insisted on Argentina creating one and now brag t'high heavens on how wonderfully Argentina solved their currency probs and what an exemplary fiscal global citizen they are.

Then along comes Indonesia who doesn't want US controlled IMF jerking their chain, esp. just before Suharto croaks, who sez: "We're going Currency Board!!!! and IMF comes down on them like a tonne o'bricks with a "how dare you, Indo" and sends over the "big stick" to beat'em into compliance.

DON'T GET ME WRONG, PAUL. I don't have any love lost for Suharto and CroneyCapitalism such as he stands for in spades. Esp. after the Bre-X scandal.

But after last nights excellent post by someone to Lalit on the Gold-Xau topic about the fierce rivalry between BIS way o'doing things and the IMF(US) way o'doing things...
well, one has to look below the surface at this IMF dismay attitude, right?