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: Crimson Ghost who wrote (19962)	9/28/1998 10:44:00 AM
From: PaulM	Respond to of 116764

"This would be enormously bullish for POG" I'm not so sure. The importance of the Euro is the ECB's excess dollar, not gold, reserves. (That's despite what credible sources with lots of exposure to LTCM--like UBS--have been telling us.) The coming Euro is largely what hurt the dollar against the Euro currencies and helped gold from its $270 mark. To the extent the Euro is political, it is a creature of the Franco German block. (It was France that caused repatriation of dollars and a close of the gold window which ultimately resulted in the 70's and that decade's oil "shortage"). If the Euro countries began making further overtures (sacrifices) to the Atlantic block (Schroeder is known as an "anglophile") and the Franco German axis was weakened it's possible that collusion for the dollar and against gold might last somewhat longer. On the other hand, a stronger Euro is primarily a creature of central bankers, not politicians, so the election most likely will have little effect. And of course, the longer the collusion, the bigger the bull.

To: Crimson Ghost who wrote (19962)	9/28/1998 12:51:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 116764

George, Very good point. The case for a big move builds and builds. I see that silver just took out Friday's high, the XAU is flying, and gold is up on the day. As I mentioned to you over the weekend, I could not find one very short term bull,after the pullback Friday. Kolh's defeat is another reason the big boys may be buying up the gold shares today. Bill