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: Zardoz who wrote (30714)	3/26/1999 3:53:00 PM
From: teevee	Read Replies (1) \| Respond to of 116798

Hutch, It's blatantly obvious that the POG is being held up artificially high...In times of economic hardship(outside the USA) and war, gold held as "insurance" is sold to generate needed cash for things like food and bullets....the G-7 central banks should let the market take the price to where it belongs and that is probably somewhere between $200 and $220 and ounce or lower......the price won't recover until the world economy recovers and AIDES decimates the labor force in the South Africa, forcing the gold mines there to close (about two years away). regards, teevee

To: Zardoz who wrote (30714)	3/26/1999 7:08:00 PM
From: Mark Bartlett	Respond to of 116798

Hutch, <<Spare me the idolisation that gold is being kept down. Anyone looking at this chart would suggest that gold is being kept up in New York trading at a higher level then where it should be.?>> Whatever you say .... all I need to know, is that there is some sort of impending crisis somewhere and gold will go down ..... if you want to assign all sorts of technical reasons to that, fine - but my approach has served me well and that is the bottom line .... as simple as it may appear to you. I recall many years ago my brother was in a math class and they were solving equations. The teacher told them that a particular problem had only "one" solution. My brother promptly put up his hand when to the board and immediately proved the teacher wrong .... and his solution was much simpler ... they had to rewrite the solution's section at the end of the book - cause he was right. Some things are truly much simpler than they appear .... if you choose the complicated solution, then that's your problem .... there is more than one road to Rome. When you mature a little, you'll realize that. MB