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.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (40193)	5/23/1999 7:10:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Dick, How right you are... do you think anybody is listening right now??? Although the commercials are 2x1 in favor of the buy side, we are making life of contract lows in that area... Someday the prince may come, but it will be left to be seen whether he is wearing any gold or not??? <ggggggg> Bill

To: long-gone who wrote (40193)	5/23/1999 3:12:00 PM
From: James F. Hopkins	Respond to of 94695

Richard; The most interesting part of that was re There is increasing evidence that total central bank gold loans outstanding may exceed 10,000 mt - more than twice the amount recently estimated by Gold Fields Minerals Services Ltd. in its latest gold update. the ramifications of that are debatable , but if they intend to sell gold it would make sense that they would call in the loans. At any rate ; That's 10,000mt ( that's 10k mt in the market that's being traded that don't really exist in the market except as short sales what if it gets called in prior to any sales ? ) --------------- The part where none of the Governments in the past announced sales until after the fact , makes one wonder about this more recent announcement, there is something in this mix that don't meet the eye. ------------------- Personally as crooked as Governments get I'm all for a law that deprives them of holding any gold. I have become convinced that any Government in the Gold business can't be trusted any more than the Bre-X sharks. And the worse atrocities committed over the course of history resulted when citizens just blindly trusted their governments. The whole idea of a gold standard is hypocritical and not conducive to a competitive market. What insanity is it that people will assume Government is more honest than any one else, and in the face of knowing most of our leaders have always cultivated the art of lying into some sort of virtuous snake oil. Jim