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: Ahda who wrote (16486)	8/24/1998 4:36:00 PM
From: goldsnow	Respond to of 116761

..And the lower Gold the more negative it is for USA dollar-forcasting global recession....(Australian major export are commodities) USA $ drop is positive for gold...

To: Ahda who wrote (16486)	8/24/1998 5:09:00 PM
From: Enigma	Read Replies (3) \| Respond to of 116761

Darlene - re $AUS - should we be buying Normandy Mines, and SA mines, in fact all mines operating where the currency has tanked? What about mines operating exclusively in Indonesia - one I can think of is Atapa (AML - MSE). Don't know if it all adds up to forward sales though - aren't forward sales arranged in US$? Therefore these companies may very well prefer the spot market if they feel that the US$ is near its high. This could even lead to a move away from forward selling maybe? Gold stocks performed very poorly today even though Au was flat. Wonder why? E.