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: John Hunt who wrote (30662)	3/25/1999 8:21:00 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 116767

And the interesting thing is that the IMF does not even own gold...they will lease some more from the central banks.

To: John Hunt who wrote (30662)	3/26/1999 2:29:00 PM
From: Alex	Read Replies (1) \| Respond to of 116767

Hi John. Thanks for that link. I see our loonie continues on that slippery slope. I guess the international community requires more than the good word of our fearless leader to support our dollar. Maybe he feels that if he could convince the rest of the world to sell off their gold that he could drag them all down to our level and our declining standard of living wouldn't be so obvious. Maybe he should invest in some thread and a needle..................... 3/26/99 - CANADIAN FOREX MIDDAY REVIEW: DOLLAR FALLS WITH GOLD <Picture> Winnipeg, MB, Canada, Mar. 26, 1999 (Resource News International via COMTEX) -- The Canadian dollar has come under significant selling pressure from the weakness in gold markets, source say. The unit was lower as of 11:21 CT, trading at C$1.5135 per US unit (66.07 US cents). That compares with Thursday"s North American closing level of $1.5067 (66.37 cents), and the $1.5081 (66.31 cents) level as 8:10 CT. COMEX nearby Apr and Jun gold futures slumped to hit contract lows today, which partly reflect comments made yesterday by Canadian Prime Minister Jean Chretien, which called for the IMF to sell up to 10 million ounces of gold from its stocks in order to aid poor countries. Traders said the comments went contrary to the notion that gold-producing countries like Canada would be against such sales. Last week, gold prices plummeted after US President Bill Clinton said the IMF should sell some of its gold to help poor nations. Strength in the US dollar against other currencies, which is tied to the NATO air strikes against Kosovo, also pushed down the Canadian currency"s value against the US dollar. -0- Copyright 1998 Resource News International