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 : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (1207)	6/23/1998 5:07:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 1911

Hi Bill: I heard rumour on tv that Japan may raise interest rates to support the yen..,sounded bizarre unless someone can provide with that logic.. if the case,wonder if they have any plans for gold to blindside the market..they definitely need to pull a rabbit out a hat with China right near by

To: Bill Murphy who wrote (1207)	6/23/1998 8:18:00 PM
From: Ray Hughes	Read Replies (1) \| Respond to of 1911

Hello Bill, Firstly you have to believe that the CBs prefer strong currency, weak gold. Then you have to understand that CBs don't have to sell gold - they simply have to trade futures in such volume as to discourage and intimidate pit traders into dumping their own positions. Look at the size of national debt - take a tenth of a percent off interest rates - calculate the interest savings - it will pay many fold over for gold market manipulation costs. If done with vigor and conviction enough to intimidate traders the bear can likely trade net flat. RH