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: Giraffe who wrote (27731)	2/4/1999 12:00:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 116753

Gold at $287.80/Oz equals 207.03SDR/Oz today. It's still in a downtrend relative to the SDR's, but the most recent Euro's demise is actually adding support to the POG versus the SDR. What REALLY concerns me is the BONDS.... they are really looking VERY bad. quote.yahoo.com^TYX&d=1d Consider Britian lowered rates, this should've cause a purchase in US bonds today. An inital cash inflow was there: charts.quotewatch.com The bond money is not flowing into the Dow, and out of the Bonds. So where is it going? Into the Fed? Unless it's all flowing into Canada. Not going into the YEN yet. Maybe into GOLD, XAU looks good, but not the quote.stockwatch.com

To: Giraffe who wrote (27731)	2/4/1999 1:07:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116753

Gold (SDR value) Your URL=false algorithm, G. SDR 4 Au is specifically set by the IMF charter at SDR42.22 an oz. IT IS A FIXED RATE. IT does NOT flucuate as the manipulation of the variables in that URL would indicate. My source for rebuttal to that URL is: and I quote: Mr. Dick Ware in his ''IMF and Gold,'' Dick Ware, of the Center for Public Policy Studies of the World Gold Council article on the IMF: Gold is held by the fund at the old official price of SDR35 to the ounce ($42.22)ººº and is therefore a significantly undervalued asset on the fund's balance sheet, and consequently the fund's financial position is stronger than it appears. Gold adds a ''fundamental strength'' to the balance sheet which may be important in years to come. Ref: The IMF and Gold - Research Study no. 20, is one of a series of reports published by the World Gold Council on a number of wide-ranging issues of importance to the international gold market and all those involved in it. Copies of this report and of a full list of other reports are available from WGC 444 Madison Ave., Ste. 301 New York, NY 10022 Telephone (212)317-3848 biz.yahoo.com FOOTNOTE: ºººIn case that SDR rate rings a bell, it is also the official rate that gold is on USA books in WA/DC