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: MtnBear who wrote (9027)3/29/1998 6:09:00 PM
From: Alex  Respond to of 116779
 
Welcome to the thread MtnBear. M1 M2 M3 and the debt....................

bog.frb.fed.us



To: MtnBear who wrote (9027)3/29/1998 6:41:00 PM
From: robnhood  Read Replies (2) | Respond to of 116779
 
<<< If you haven't checked, the Gold
funds were in the market big time on Thursday and Friday. Weekly>>>

A guy that sits beside me and talks to NY a lot, was told that very large buy orders were being entered through several brokers, and set up so that all the golds eg; ABX, PDG, etc. were being hit at once. I assume it was done this way so as to prevent anyone else from hopping on board. The pattern of trading on Friday also suggested large accumulation. Large buying would come in and drive the prices up 1/4 or 3/8, and then a 1/2 to 3/4 hour pause while they backfilled a little, and then boom, again a surge of buying would come in.

russell



To: MtnBear who wrote (9027)3/29/1998 6:48:00 PM
From: gregor  Read Replies (1) | Respond to of 116779
 
Dear MtnBear: Welcome also:

This time the same events may not occur at the top of the market. Everyone is looking for a big blow off stage for the Russell 2000 and the Nasdaq but my reasoning is that pundits are recalling the era when few investors used the OTC market. Now that market trades more shares than the NYSE, the spreads have narrowed via congressional investigations and most investors have many Nasdaq stocks in their portfolios;

Not to be off topic my question would be; what are the factors to keep the POG rising in a market decline ? looks to me gold shares would fall with the market and a slow down of the economy. I know there are the supply side questions , but a cooling economy would also cool inflation and demand.....gregor