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: Mark Bartlett who wrote (21967)	10/19/1998 5:29:00 PM
From: Stephen O	Read Replies (2) \| Respond to of 116764

Isn't the Argentine currency pegged to the US $.?

To: Mark Bartlett who wrote (21967)	10/19/1998 6:14:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116764

"why would a country that is planning to sell all of its reserves announce it to the world - to depress the price!" Because they've already sold it in the futures market. And want to sell it a second time in three months. Their is no conspiracy to deflate Gold. Why is it that everyone beliefs so? Why in the face of financial statments from producers, that everyone beliefs GOLD should be priced in 4 figures. At $300, it's $50 over priced. it's fairly priced at $275 considering where the US Dollar is. But if the US Dollar appreciates, as I suspect in the next while {starting Wed} Gold may very well find a way to make a new low. When a commodity moves, it faces a lot of resistance as it makes new lows. Thier is always people that assume the trend is contrarian. Often they are wrong. And it's not until the fed blows it, that the trend shifts. Try matching economical data with Gold trends, you'd be surprised as how well they match. But what do I know? After reread this Argentina articles, I feel the Gold market, did another knee jerk reaction. But the gold rally trend is nearly bust. Gold really should of been up today.