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: sea_urchin who wrote (32758)	4/29/1999 12:58:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 116759

RE:"Now tell me, Jim, why is the XAU going up when when all one hears is sell talk? And then some. Who could possibly be buying? China? "... --- I think that it's getting dragged up by the material stocks and those seeing gold stocks as cheap in a looming inflationary environment. If the POG wasn't so depressed and being held down by the fear of central bank selling, gold stocks would be a lot higher. Everyone cringes everytime gold moves up a few bucks. Under those circumstances, wisdom says the XAU can only go so far. Maybe that's why you are hearing sell. To me, many fundamentals are in place for a gold rally save the central bank drag. Jim