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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Investor-ex! who wrote (33454)5/8/1999 2:27:00 AM
From: Zardoz  Read Replies (2) | Respond to of 116770
 
Never did I say:"a rise in gold will CAUSE the US markets to collapse"

I said: "But any drastic change in the element would have to come with an equal and opposite loss from their currency."
Meaning the US currency.

I feel the GOLD is a stable hedge, and as such is range bond as hedges goes. Fixed ratios relative to a basket of currencies, interest rate, monetary supplies.

Investor-ex asks very good questions: {worth reprinting}
"What will the FOMC bring: raise, raise bias, hold, lower bias, lower? I'm guessing a raise bias. How would this affect the markets? How would this affect gold?"