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: Ahda who wrote (10495)4/23/1998 2:45:00 PM
From: Jim McMannis  Respond to of 116760
 
Darleen,
RE:"Did not this market move because of our technology?
Did not our ability in this area strengthen our currency on a world base?
What if our currency drops then what?"

I'm not too worried about Germany.
If the dollar drops...no problem. It won't hurt gold and international funds will get a boost. If the EMU is backed by 30% gold reserves...that might just help the Euro currencies vs the dollar. Which is a double whammy for gold.
A German rate hike isn't too good for gold coming in on another angle, however.
Jim