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 (32019)	4/18/1999 12:43:00 AM
From: Jim McMannis	Respond to of 116762

Hutch, I'm not totally convinced yet that this is anything more than a counter trend rally but as with history of XAU rallys, it's easy to miss 50% of a rally waiting to be convinced or see some reason for it. You are well aware of the anticipatory nature of the XAU. As far as interest rates and gold, I suppose I should have qualified that and say interest rates can be an indicator helping to predict XAU movement...depending whether how far ahead or behind the interest rate curve that the FED is. Taking into consideration how far and at what velocity rates have dropped (or gone up). My model really has nothing to do with inflows of money into the USA, only the cost of borrowing money. To be exact. The rate situation isn't particulaly favorable for gold stocks at this time. Some other factors are looking better however. Just a note for Tom, corrections can go sideways as well as down. Even if we don't start a big rally until June the XAU can still go sideways until then. Regards, Jim