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: Wizzer who wrote (10454)	4/23/1998 1:16:00 AM
From: Jim McMannis	Respond to of 116764

William, If the FED starts to raise rates in response to a higher gold price the stock market will indeed shudder. Gold stocks won't necessarily be a haven either. That depends on some other factors. As long as the FED keeps looking at the same ole' inflation indicators and gold doesn't accelerate to upside here, we're OK. Jim

To: Wizzer who wrote (10454)	4/23/1998 7:02:00 AM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116764

Wisam, <<I am hearing reports that if the price of gold keeps going up (as well as other factors), it may cause a dip in the stock markets.>> IMHO I believe that one of the main reasons analysts have dumped on gold so much, over the last year in particular, is just for that reason. A rising gold price is a proxy for a falling stock market .... gold stocks have outperformed just about any other sector on the TSE (on average) but you won't hear any analysts telling their clients that. I listen to a radio station (CFRB) on the way to work every morning. When gold goes down, they ALWAYS say "and gold was down X today" .... however when gold goes up, they say "gold was fixed at X today" (rather than "gold was UP X today") .... they have never mentioned in the last few months that gold has outperformed the the general market ... by a considerable margin. While I believe that things do move in cycles, there has been a concerted across-the-board effort to keep gold down .... those subtiles are NO accident. MB