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 (30734)	3/27/1999 8:55:00 AM
From: The Street	Read Replies (1) \| Respond to of 116796

<<Re POG is predicated on the strength of the US dollar<< Well, since the US gov't and private Americans own 1/2 of the worlds gold that makes sense. 250,000,000 tons?

To: John Hunt who wrote (30734)	3/27/1999 9:47:00 AM
From: John Hunt	Respond to of 116796

Re Japanese Yen vs US Dollar Plot Comment Oops ... got that backwards. Guess I need another coffee. Sorry, John

To: John Hunt who wrote (30734)	3/27/1999 10:24:00 AM
From: sea_urchin	Respond to of 116796

John, thanks again : I believe the professional traders trade gold against the Yen ie when yen rises they buy and vice versa. Re US$, I think it's getting a resurgence of strength now with the Kosova situation, which is certainly hitting the Euro, ruble and the rest of European currencies. And the Japanese economy is still far from satisfactory. So, I wan't call a real turn down in the dollar until I see positive evidence for strength in these currencies. My own analysis has been showing that, on the currency relationships as they were last month, POG could fall to $270 area. There's certainly no strength in the gold price, at the moment. Press comment on the new South African gold share index is that it looks very weak. I don't like to use others' optimism or pessimism as an indicator or contrary indicator --- sufficient to say that most on these threads, including myself, have most times been wrong about POG in recent months! But, unlike some others, I'm not going to war about it!