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

To: Bobby Yellin who wrote (8689)	3/23/1998 6:08:00 AM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116759

Just last week the Saudi's and the Venezuelan's were both publicly determined to be intractable on this issue. Up till now the gold sector has been the only one severely affected by fundamentals that were basically invisible to the average investor. Bobby, do you have a sense of what is causing this sudden slowdown in earnings? US economy is booming, earnings are going in the tank. Analysts are calling it temporary. On what basis? Is this the Asia effect, have we reached the limits of pricing power, are markets drying up, becoming saturated? Or something else? Maybe it is someone else's turn to feel the undertow?

To: Bobby Yellin who wrote (8689)	3/23/1998 5:08:00 PM
From: marcos	Read Replies (1) \| Respond to of 116759

biz.yahoo.com One notable thing about this oil agreement is that it is the first time M‚xico has committed to a cut, though they have been involved in 'talks' before. This may have been crucial to obtain the cooperation of Venezuela. A bit of history - Venezuela was the world's first oil exporter, and till about 1941 (when shipping became difficult) was the world's largest exporter by far. Oil and its income has been crucial since the early 1920s. When you know this it is easier to understand how they feel about cutting production to please the Saudis. Imho oil and gold are strongly linked, and although I'm not convinced that Another over at Kitco is for real, he does make some good points, one being that these are real things in a world of paper and electronic entries. The cultures that produce oil like real things, and the US dollar will likely not always mimic reality as it does today. ............. cheers ................... marcos