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: E. Charters who wrote (21645)	10/14/1998 5:59:00 PM
From: ali	Read Replies (3) \| Respond to of 116764

E.Charters: "All the gold borrowers SOLD their gold! Some 8000 tons. There is an enormous GOLD debt. It can only be paid back by production as all the gold borrowers are bankrupt!" No doubt or question About the above statement, but what makes me wonder what would or could happen if there is no repayment of that gold.I don't let my phantasies get too far.You just cannot get blood out of a stone.Would these central banks do what the mafia does and break a few knee caps? As far as I am concerned they (CB's, banks,all kinds of funds AND speculators)should be let go broke and the only money spent on them should be on a one way ticket to the other side of the moon.

To: E. Charters who wrote (21645)	10/14/1998 8:20:00 PM
From: Alex	Respond to of 116764

Nice post............... DEUTSCHE BANK'S COURTIS: YEN STRONG UNTIL LATE '99, THEN WEAKER -- Reforms Could Mean Japan GDP Flat In 1999, +1.5-2.0% in 2000 FRANKFURT (MktNews) - The Japanese yen will remain strong, or even strengthen somewhat further, in the short run, before weakening again in late 1999 and following years, Deutsche Bank's chief economist for the Asia-Pacific region, Kenneth Courtis, told a banking audience here Wednesday. While Courtis did not divulge specifics on the timing of yen moves, he said a lowering of official interest rates in North America and Europe during the next 12 months would play an important role. There is room for "much more aggressive" easing of monetary policy in North America and Europe than the market is now pricing in, he said, so as to maintain growth in those countries and pull the rest of the world's economy out of recession. A firmer yen would also come from a re-balancing of recent market positions against that currency as well as a correction of asset holdings by global investors. The market has been "completely one sided against the yen" in recent months, he argued. Furthermore, global investors who have been underweight in Japan will have to "go less underweight or neutral" as growth prospects begin to improve, he argued. But the strengthening of the yen is likely to be temporary as the "massive buildup" in government debt to 135%-140% of GDP, a sharp fall in the current account surplus and easy monetary and fiscal policies begin to bite "late next year," he said. Courtis estimated that about $550 bn would have to be pumped into Japan's faltering banking sector, while the government would also have to outlay some $450 bn over the next three years in "extremely aggressive" fiscal measures and tax cuts to jump start the economy. While current data and conditions do not indicate that the Japanese economy has stabilized either from the supply or demand sides, the phase of "domestic denial" in Japan is over and the government is aware of the need for action. Courtis praised Finance Minister Kiichi Miyazawa, who he said "completely understands" the government's task ahead. Japanese growth will likely be flat in 1999 and reach +1.5-2.0% in 2000 if the Japanese government is successful in bringing in banking and structural reforms and reflating the economy, he said. Deutche Bank's official forecast for the Japanese economy is for a 1% contraction in 1999, while the forecast rate for 2000 has not yet been made, a Deutche Bank official said. 11:02 EDT 10/14 © 1998 Market News Service, Inc. economeister.com

To: E. Charters who wrote (21645)	10/14/1998 9:17:00 PM
From: Zardoz	Read Replies (3) \| Respond to of 116764

What do yuo do, sit at home and make this stuff up? "So tell me why is it at a low price. DERIVATIVES." Your just trying to create a run. "All the gold borrowers SOLD their gold! Some 8000 tons. There is an enormous GOLD debt. It can only be paid back by production as all the gold borrowers are bankrupt!" Irrelevant. Consider this: If a equity with 100M shares outstanding is being shorted by 8000 shres, is it so much that can't be covered by excess supply. I am surprised that many have not read this article: #reply-6011551 Who has owns the short position on GOLD is what you really should be asking? It's the producers. And the hedge programs they run. Gold really isn't reflecting the fundamentals. Don't think you can predict anything. You are now in the conspiracy camp. What happened to your analysis of economics?