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: Bill Murphy who wrote (30203)	3/16/1999 8:43:00 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 116759

Bill, <<Remarkably, the XAU held steady the past two days and closed today at 62.17 (up .77 for the day ). >> Not necessarily so, look at the chart. The xau declined, hit the lower bollinger, and bounced off it. Is this a reversal? Too early to call IMO. I think we need at least one retest of that low. Watching this thread today was amusing, everyone had the reasons, but the chart did just what one would expect from TA, reasons or not.

To: Bill Murphy who wrote (30203)	3/17/1999 12:21:00 AM
From: Lalit Jain	Read Replies (1) \| Respond to of 116759

Hi Bill, I agree with you all the way. But this kind of collusion to drive the POG down, does give me the opportunity to buy more of the yellow at a lower price. If the POG falls to $100/oz, I would probably buy a 1000 ozs for myself. Now that would be a dream come true! Cheers, Lalit Jain

To: Bill Murphy who wrote (30203)	3/17/1999 8:45:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116759

this one reminds me of the Holyfield fight ." Of course, all this was done after the Comex conveniently reduced its margin requirements Thursday for the writers of gold calls. This just happened to free up more of their capital to attack the market. And, of course, it is just a coincidence that we then have the two back to back most volatile days in a long,long time. Margin requirements are supposed to be reduced because of lack of volatility." do you know who controls this..I saw that news being released... everything seems to be rigged...I hope I am wrong bobby

To: Bill Murphy who wrote (30203)	3/17/1999 2:00:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116759

Hi bill As Goldsnow asked "Can you say "sell the rumor and buy the fact?" Well..isnt' the end of a bear market when bad news hits and that market goes up.. yesterday xau closed up.. today things don't look so bad. Interesting although I definitely know one day a market doesn't make.. but this is unusual isn't it..especially with rubin apparently changing his tune.. At this point reading that Korea and malaysia(without IMF help) have probably turned the corner..that is really interesting ..it is as if all the shoes have fallen..and now all of a sudden with some indications of recovery..Rubin might be willing to have some gold sold..I don't understand.. I also don't know if the central bankers etc want the deprived nations to deprivatize and then the vulture financial types will swoop down to get the best .