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


To: long-gone who wrote (11874)5/18/1998 8:34:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 116823
 
Survival is fine....just don't sell your soul to do it!. Look at OPEC...they are banding together with non-OPEC to try and survive. Miners should do the same.



To: long-gone who wrote (11874)5/18/1998 9:48:00 PM
From: PaulM  Read Replies (2) | Respond to of 116823
 
Asian currencies tanking again tonight. Consider the pressure on HKong and China to devalue.

It seems to me this anticipated devaluation should result in huge physical buying in those two countries. Probably happening right now.

The only alternative is the $, but only a little buying drives gold at these levels. I see the $ moving up against all other currencies with gold, but with gold edging out the other a bit. A bit longer term, the fate of the dollar is the same as its Asian counterparts.

The Euro to me is a wildcard.