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: Hawkmoon who wrote (27233)	1/29/1999 7:37:00 AM
From: long-gone	Respond to of 116789

LTCM for ever. Quite the opposite is true, the recent statements from the Federal Reserve, at the current Davos economic summit show a reduced amount of(and increased oversight for) bank financing for Hedge Funds. There is heavy evidence that the Central banks of Europe will sell little more. Oh, the Swiss may, (If the OK of the sale is passed by 51% of the Swiss voting population) Sell only between 2-3 months worth of world demand. This small amount Might be sold over a period of 2-5 years beginning after 2002! The world thinks the CB's may continue to loan gold, but not for ever. No gold sales by our Federal Reserve will be allowed by our Congress and Senate. Greenspan wants the job for another term, Representatives from gold producing states and a growing level of sound coming from mining and rail unions will prevent any Federal Reserve sales. The central & western Republicans are very pro-gold, all Democrats in the Congress and Senate are very pro labor. greenspan can not make these groups angry if he wishes to keep his job. Oh, and of Clinton, If he stays or goes, I don't think it will matter. He (or Gore) will support labor and South Africa. There is noise from the left and the right to fix these problems. also, Greenspan will not forever manipulate any market just to allow the N.Y. Fed to assure a profit for "their friends. Greenspan is a self admitted Randian. He will now allow these shorts to back-out with grace and (IMHO) excessive ease, but he won't write them checks(out of our pockets) for ever.