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: Gabriela Neri who wrote (16867)	8/29/1998 6:10:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116786

the good news is that shares prices will tell who is right.. I don't know how many companies you follow and all the statistics you look at for commodities and how many analysts you have to tell you about their individual sectors..AJC does.. My offthewall theory is that the huge market players go on vacation in the summer and help create these major selloffs so when they come back they can load back up..at cheaper prices... Some people are warning that without the banks getting hurt from all the debt default eventually there will be less loans and our economy will slow down.. One would think though that corporate america has never been so strong as the result of low interest rates which appear to have gotten a lot lower,hiring tons of consultants and reducing their costs by not paying benefits,reducing their dividends,floating bonds at low interest rates,and basically "ripping off"(I am dating myself) their employees.. If the war of politics (which is the worse evil greed or power) in Japan comes to an end,and they start to turn around,what will happen then? All the news the market is reacting to is old news..sounds as if we are coming closer to a turnaround while our domestic economy is still strong..why this crack in the stock market didn't happen last year and stay down is beyond me..(although I assume it was a set up to make more money by huge players and to create more fear and trembling rather than just boredom) anyways Russia is rich in resources..if there were a terrible food commodity shortage in the world it might be a different story..(although people are starving in the Sudan etc while farmers are starving because of low commodity prices..nothing like sharing or helping out ones neighbor..not in this narcissitic age..) Japan is scarey..it doesn't have the resources..it also has an aging population..but it doesn't have the nuclear missiles either ..friend suggested the gold shares also got royally hit from margin calls..I wonder how many Canadians faced these margin calls.. Why did the German mark go up against the dollar? Will Germany have to raise their rates to cover their Russian exposure? IF they have to what does that say about the Euro..

To: Gabriela Neri who wrote (16867)	8/29/1998 9:38:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116786

Getting back to gold, the fact that the yellow continued to plunge Friday despite a big drop in the dollar is very bearish short-term. With the lows having been taken out, a drop to $250 or so cannot be ruled out.

To: Gabriela Neri who wrote (16867)	8/29/1998 11:27:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116786

FWIW, I don't see "a little old rally" for the DOW next week (unless iits ver, very little indeed). Technicals are horrible and suggest to me a drop to at least 7500 by Friday.

To: Gabriela Neri who wrote (16867)	8/29/1998 11:59:00 PM
From: Roderick Francey	Read Replies (1) \| Respond to of 116786

Some thoughts: Gold down a little more - short term Gold up big - long term (how big depends on investor psychology) Gabriela: In general, I agree with your comments. I would also like to add some comments regarding Louis R.'s WSW. The show appears to have a general theme during these past several months -- that no matter what goes on in the world, the U.S. market is well insulated from any adverse affects. At least this is my impression of the show. I find it frustrating when they seem to put little importance upon the Asian, Russian and (now) Latin American problems, and don't forget the German banks. One other thought, and correct me if I'm wrong on the stats here. The U.S. analysts, who are still bullish, have been reporting that exports to Asia amount to 4% of total exports and Russia 1% (if that), and Latin American -- unknown. Fine, if these are the stats. What bothers me is that no one has mentioned the effect of the world's problems on U.S. imports, and more importantly effect on local U.S. producers who compete against these imports. Take my country Canada. Over the last 8 or so months Canada's currency has devalued by approx. 15% (74 to 64 cents). Now say that some product X is produced in Canada, and the same product X is also produced in the U.S. (and different companies). Would not the U.S. company producing product X have a difficult time competing against the Canadian producer? Now multiply this same situation to many of the other international companies around the world who have also had their currencies devalued. Is not the result significant, or am I being to simplistic. Would anyone care to comment? P.S. I only have a basic economic background, so have mercy on me. :)