Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: bconard who wrote (761)	3/18/1998 5:27:00 PM
From: roger fontaine	Respond to of 1706

The following is from info mine:Gold prices took another battering on confirmation from Belgium that it was selling some 299 tonnes of the country's gold reserves. What is taking analysts by surprise is that the sale is to the gold reserves of other European countries. As far as the market is concerned this is only a shell game of moving the label from one pile of gold to another pile, and should have no material effect on the amount of gold actively trading on the world's bullion markets. However, just the words 'reserves' plus 'sales' are enough to prompt jittery investors to lurch away from the golden metal as quickly as their wandering portfolios will allow. I would like to take this moment to thank JCgold3 for the news and his comments here and at Yahoo.