KITCO GOLD FORUM
1997-1999

index
Date: Tue Jan 13 1998 23:59
Selby (Happy InterProvincial Payments) ID#287207:
Ted: At the risk of getting 6pak upset that is the reason I am happy to pay to keep them there. One day- - - after I'm gone- - I think CB will realize that WWII is over and they have to work for a living. Until then - - As the wise old Oldman says - - don't fight the trend.

Date: Tue Jan 13 1998 23:57
Barb Hughes (@Tyler Rose) ID#20783:
Stay tuned will post your answer
in a few... just got back from
dinner.....Barb

Date: Tue Jan 13 1998 23:57
Gazebo (Gold upward movement....) ID#432298:
Go gold!! If it continues at this pace I'll break even by the year 2000. But, there are to many sellers out there. Maybe 1998 will be rebound year for gold. Keep your fingers crossed my fellow investors.

Date: Tue Jan 13 1998 23:55
cherokee__A (@-------lblaff------cftflob--------) ID#344308:

highrise- - - - -

the biggest pay- offs in options occur when everyone
else is wrong.....and you are right.....contrarism.....the
real secret to options.....pl;ay the devils advocate on
several fronts.....the options are usually dirt cheap.

the recent statement by fed governors was that the fed was fixing
to make PRE- EMPTIVE RATE INCREASES before the crisis in asia......
they are still not sure what is really happening- deflation/inflation

what happens if asia sells their bond holdings? what happens if the
fed proves the bond lovers wrong and does raise rates?

what happens when the grain export numbers begin showing the true
picture for future exports?

the volatility will go through the roof...remember about options and
volatility.....the value of the options will be astronomical..

these scenarios may not occur.......if they do.....just like the
gold and silver options i've been buying for what seems like forever...

one big option hit...........you must be in position to win...
......................take the first step.....

Date: Tue Jan 13 1998 23:54
tolerant1 (all) ID#31868:
I am curious. Aside from physical in hand, do your feel that the next safest thing to have is mining shares?

In the event of a fiat meltdown, you would still own your share of the metal in the ground until they sorted things out. Yes, no, maybe.

Date: Tue Jan 13 1998 23:53
JTF (Grain purchases?) ID#57232:
Flash: I wonder - - who is paying for S Koreas grain purchase? Is it the US? Just how much money are we talking about?

Date: Tue Jan 13 1998 23:53
JTF (Grain purchases?) ID#57232:
Flash: I wonder - - who is paying for S Koreas grain purchase? Is it the US? Just how much money are we talking about?

Date: Tue Jan 13 1998 23:51
JTF (The euros are down on the Globex tonight!) ID#57232:
All: Does anyone know what it means if the eurodollars are dropping? I remember something about a eurodollar/dollar spread as a hedge during uncertainty in the value of the dollar. Has something happened which explains the rise in gold and the flight from euros?

Is it Japan selling dollars and buying gold, or is it something else?

Someone else selling dollars?

Date: Tue Jan 13 1998 23:45
Flash ((Cherokee)) ID#301318:
FYI
Just heard on CNN that S. Korea had made US grain purchases last night and more was expected from other Asian countries ( ? ) .

Date: Tue Jan 13 1998 23:39
mozel (FundaMetaList) ID#153102:
thanks for CTR link

Cherokee,

Will Brazilian beans set the world price ?

Found any cheap cattle puts ?

Date: Tue Jan 13 1998 23:38
HighRise (Can the IMF deliver?) ID#401460:
IMF funding in jeopardy, U.S. lawmakers say..
http://biz.yahoo.com/finance/980113/imf_congre_2.html

The party is not over till the fat lady sings

HighRise

Date: Tue Jan 13 1998 23:35
cherokee__A (@------focus-is-the-key----------) ID#344308:

moon- man- - - - - -

damned glad you noticed! almost fell out of my chair ( laughing )
after reading your later posts.....get- em...i'm with ya dude.....
some- times you just gotta flail the gumbies....that is what they
really want......lgbito ( lgb & karlito ) feels the lash on a regular
basis.....

focus is the key......have, and stick to, a well conceived
plan.........stalk your prey........options....patience....


sharefin- - -

the lunar effects upon trading you posted.....
the 3'rd and 5'th days after? thursday and monday are the
possible days for the LUNAcy to fo;llow the path of
highest probability.......the moons effects......carbo- earth- anouts...
we'll see...........ALLABOARD!......

the grain- train is hauling- @ss in the WRONG- direction!! picked- up
the pm clan in passing.....they're heading toward the moon for
a soiree with alice.....tracks are out ahead....the pm's will have to
continue on foot.....'what a long strange trip it's been' and gonna be...
- - - - - - - - - - - - - - - - - - - - - - - - - - 'grateful dead' - - - - - - - - - - - - - - - - -

the european curriencies are fixing to fall from their precarious
perches......they're very close.....very soon............we will
follow.......it is inevitable.......us$ is fixing to crater....
the us bond- bomb will be deonated at the same time....then the
cycle will be completed.......the fiats destroyed........another
pm based system will emerge.....the battle is closed....let only the
pure be left standing...........as it should be.......

people never KNOW AS MUCH AS YOU think they do!!!!!!!!!

cherokee!;...looking- backward- - - - - - - to- see- forward.........

Date: Tue Jan 13 1998 23:31
tsclaw (@ silverbaron) ID#373336:
The American Eagles that were refered to were the 1997 $50 gold
Eagles. Seems that word is out that the number of 97 proofs were
limited because of problems with stamping out the new platinum
coins. The platinum coins required massive multiple stampings to get them right. Anyway, the time consumed by the platinum coins set them
way back and they were unable to get as many gold eagle proofs out as
they intended. As proofs they are considered numismatic coins which
makes them confiscation proof by the last U.S.government standards used.
That is why they are being sought out.

Date: Tue Jan 13 1998 23:31
Junior (@Ain't Green ++++ Really Pretty!! Kitco hasn't looked this good for weeks!!) ID#248180:
The beeaaauuutttteeefuuullll- colors of OZ Green & Gold!!

Date: Tue Jan 13 1998 23:27
Front (LGB) ID#341293:
Normally lately, I've been one of those people who have found you to be offensive and rather difficult to swallow. I have therefore taken my mothers advise and not said anything since I had nothing good to say about you. Your 17:11 post has proven my feelings incorrect. If you continue to post with a view towards information and intellectual honesty, I will bring myself to read your posts. Now that I know what you can do, I will hold your feet to the fire if you lower your standards. Strad will aim and I will load. He carries a mean bow by the way. Thank you for explaining that you have a bit of Sheller in you. It only makes you human and that's not bad at all.

TTFN

Date: Tue Jan 13 1998 23:26
JTF (No Gold rally yet, but bottom very near. ) ID#57232:
RJ: Thanks for your 17:56 comments. I'm getting better at following the gold price - - and seeing the cycles. But - - the best info I think comes from your friends the precious metals floor traders. I gather they are not yet buying gold with both hands.

Any ideas why the Cry0 went up so much today? It might give us an idea why gold and silver are behaving the way they are.

I'm kicking myself for not buying silver stocks yesterday - - I was hoping it would go down one more day!

Date: Tue Jan 13 1998 23:25
Ted (ROR.......................) ID#364147:
GO TO SLEEP!!!! g'nite~~~~~~~~~~~~

Date: Tue Jan 13 1998 23:23
Denton,Tx (Thanks Mike/APH) ID#271215:
Thanks Mike and APH for the count. Appreciate the info.

Date: Tue Jan 13 1998 23:22
HighRise (Geber Djafar ) ID#401460:
Even a one day wonder is better than a continuous downward slide.

HighRise

Date: Tue Jan 13 1998 23:21
Junior (Clean & 223 Rare Earth Metals (not oxides)) ID#248180:
I have been trying to get REAL & ACCURATE prices on rare earth metals for some time. It is traded within a very tight closed club. Some of the members - Johnson Mathey, Rhome Poulonch ( spelling? ) .
I trust that when you locate the price information, it will reveal that
R/earth metals, europium, scandium, are more expensive than Nobel Metals.
Again I repeat I am not positive. Good luck. I would welcome the price info and the info about who is buying and storing the stuff. A hint of info last week was that CB's were buyers and the major international banks. But no proof.

Date: Tue Jan 13 1998 23:19
Ted (Selby----Florida SUKS too) ID#364147:
But the 'society' ain't this warped....Been there- done that and thought I'd seen everything till I moved to CB.....What a bunch of pathetic whining MORONS....On that happy note- - - g'nite all!!!

Date: Tue Jan 13 1998 23:19
ROR (TED) ID#35767:
You did not give me AN EXAMPLE of the slovenliness. It is one thing to accuse and another to give examples. Please do the latter instead of making open ended statements. Look forward to your response.

Date: Tue Jan 13 1998 23:17
Geber Djafar () ID#377184:

HIGHRISE - Thank you for that site with the night prices. I guess that the volume figures must be from the prior day session, right?

Let's just hope today wasn't another one- day wonder. If this is for real, XAU should have at least as big an up- day tomorrow. Go Gold!


Date: Tue Jan 13 1998 23:16
Silverbaron (mozel - COT) ID#288295:

Steve Kaplan publishes COT in his Gold Mining Outlook site at:

http://www.geocities.com/WallStreet/4915/index.html

Date: Tue Jan 13 1998 23:15
Silverbaron (mozel - COT) ID#288295:

Steve Kaplan publishes COT in his Gold Mining Outlook site at:

http://www.geocities.com/WallStreet/4915/index.html

Date: Tue Jan 13 1998 23:07
2BR02B? (@EDGAR database) ID#263153:
Date: Tue Jan 13 1998 07:49

MURRSTEIN ( ) ID#348295:

I have been long gold stocks for over 13 months, but enough

is enough. I have suffered long enough. I have a very large

position in a certain gold mutual fund, and I hate to do it,

but I totally give up as of today. They have given up it

appears to me, so I will too.

NO MORE...

/\

+++++++++++++++++++++++++++++++++++++++++++++||+++++++++++++++++++++++

||

||

||

Quoth the raven...


Date: Tue Jan 13 1998 23:07
Selby (Why is almost everyone in CB so FAT) ID#286230:
Ted: It is because they are preparing to retire to Florida and want to fit in.

Date: Tue Jan 13 1998 23:06
Ted (ROR---yer sure full of damn questions tonight) ID#364147:
30 minute drive to SYDNEY- - - - 1.5 hours to Ingonish- - - most here are fat- lazy- welfare SLOBS with NO pride- - - Why did I move here- - - for the 'nature experience' but that only goes so far....Hope you DO come to CB next summer as it will be an eye- opener ( even for you ) ....

Date: Tue Jan 13 1998 23:06
themissinglink (Change the perception) ID#373403:
Quick, everyone go to an investment chat room and promote gold!

Date: Tue Jan 13 1998 23:06
pdeep (Risk of Hong Kong Devaluation) ID#174103:
Is the rise in PM's a harbinger of something in the works wrt to Hong Kong coming off the US dollar peg?

Date: Tue Jan 13 1998 23:05
vronsky (http://www.gold-eagle.com/gold_digest_98/kutyn010198.html) ID#426220:

NEW YEAR’S MUSINGS: More Tears Than Joy

THE DOMINOS CONTINUE TO FALL - -
WORLD STOCK MARKETS CONTINUE TO BE LAMBASTED:

Hong Kong market slides to its lowest close since May 10, 1995

China - Shanghai B shares hit record lows on widespread selling

Jakarta suffers 340- point stock market plunge in week

Indonesian currency at a seven- year low for its currency

Manila in 8% dive as 'people give up' at 57- month lows

Dow tracks global selling by plunging 222 points

British stocks fell yesterday

Taipei Market suffers as foreign investors pull out of Asia

Korea - Bank issues drop on fear debtor nations may default

India’s stock index dropped sharply pending change in rating

Singapore - Buyers bail out as currency crisis cuts values

Malaysia's key stock index tumbled to a seven- year low

Thai share prices sharply lower - sell- offs in banking sector

Manila Stocks dive as recession fears mount

Australia Benchmark falls as concern over Asia grows

Etc. Etc. Ad Nauseam

Southeast Asian Currencies Begin 1998 SHARPLY DOWN!

Malaysian, Indonesian & Thailand Currencies Plummeting... AGAIN

John Kutyn is undoubtedly one of last year’s most brilliant and perceptive analysts on the Domino Effect sweeping through Southeast Asia. His insightful take on currency chaos and stock market turmoil paint a grim picture of what the new year holds for the countries of that area... indeed what the ramifications are for the rest of the world. Following are a few of his random thoughts on the region. Additionally, he shares his opinion of the precarious condition of the Japanese Banking System, and what we might brace ourselves for in 1998.

To read the report, copy and paste ABOVE URL to your Internet call- up window ( Location or “Go To” ) , then hit ENTER.



Date: Tue Jan 13 1998 23:03
Tyler Rose (Barb Hughes) ID#373164:
Yes, I am interested in clarification. First, why is physical gold only worth .985 of the spot price? Second, why is it not collectible until the end of February? I am a novice at this, so would appreciate any information which you have.

I am from Tyler, Texas in response to an earlier post and appreciate SWEST tip on a PM processor from another earlier post.

Date: Tue Jan 13 1998 23:02
HighRise (cherokee__A ) ID#401460:
You are buying bond puts? You feel that interest rates are going to rise with deflation?

That was one senario discussed in The Great Reckoning - I happened to think, for what it is worth, that we are in a similar situation as Germany in the 19930's when the US was in depression, now Japan crashed in 1990 and the US is hanging out here waiting for the hyperinflation to hit.

HighRise

Date: Tue Jan 13 1998 23:01
mozel (thanks) ID#153102:
on ctr link FundaMetalist

Date: Tue Jan 13 1998 22:59
themissinglink (Simon Says) ID#373403:
And the Dow Jones says, Asia go up tonight.

Date: Tue Jan 13 1998 22:54
fundaMETAList (mozel: COT) ID#341214:
mozel: The following link should do it: http://www.cftc.gov/dea/cot.html

For gold and silver futures and options scroll down to Eastern Markets and look for Commodity Exchange Inc.

Date: Tue Jan 13 1998 22:53
Mooney* (@Speed @ 20:49 and the Never Ending Story ) ID#348169:
SPEED - As you know, I have not been around much lately, but I am glad to see that someone has spotted the return of 'the one who does not take his daily medicine', before he can once again try and subvert the everyday proceedings of this site with his distortions and lies. I noticed that he mentioned my name in particular ( I was always one to dispute his distortions and he can not bear that fact ) and once again tries to totally LIE to people and distort the facts. As any long time participant knows I said the exact OPPOSITE of what he purports that I said. My message to all Kitcoites was that if $380 was broken - Look out Below! And ever since that historic juncture I have stated that while Gold is obviously undervalued from a logical standpoint it also may go lower in the nearterm. I have stated over and over again that the long term chart looks Sick. In the last few months I have been saying that the wisest course is to adopt a dollar cost averaging purchase plan. This advice I'm sure is appreciated by many, but, for Mr.Magoo/Dragoo/Hepcat/Zoinks/Dr.John - can't keep taking my prescribed medicine- man - this is a little too lofty a concept. Also I suspect that he has a hidden agenda, and perhaps receives a secret bonus paycheck in his backpocket every other Friday from top secret sources. *It is almost inconceivable that someone, who has been told by so many, to straighten out and get a life, just keeps coming back with the same moronic, twisted comments.*
Good Night All. And to you, also, Glenn, wherever you might be.
Cherokee - I'm good at giving advice - but not taking it. Do as I say - Not as I do! :- )

Date: Tue Jan 13 1998 22:50
ROR (TED) ID#35767:
How far do you live from Ingonish Beach?

Date: Tue Jan 13 1998 22:48
mozel (Commitment of Traders Report) ID#153102:
Is it online anywhere ?

Date: Tue Jan 13 1998 22:38
Silverbaron (What's with gold & silver tonite?) ID#288295:

WOW! Gold & Silver are off the launch pad on the charts tonite, and haven't even looked back! Anybody know why?

Date: Tue Jan 13 1998 22:38
cherokee__A (@-----the-refuge-------) ID#344308:

high rise- - - - -

i believe the rally in exportable commoditiies- - grains, meats, softs....
is to be short lived....

there is too great a dichotomy between the us$ and the importing
countries.......they will not have the necessary liquidity either....
it is all relevant.........and coming in very short order......

picked- up 2 more bean puts today...may 600 strike for 1 pt...$50.00....
it just gets better all the time! c'mon deflation....grain puts...
c'mon inflation.....bond puts....always a way to play.....
and they both are cheap......and being shunned......time to buy..

cherokee!;..admirer- of- the- diamond- formation- in- the- dow- - - look- out- below.



Date: Tue Jan 13 1998 22:38
HighRise (China & South Africa) ID#401460:
In case you didn’t hear:

The Nationalist- ruled island is still stinging over South Africa's January switch of diplomatic ties to communist China, a setback that trimmed to just 29 the number of states recognising Taiwan's exiled Republic of China government.
http://biz.yahoo.com/finance/980113/taiwan_chi_1.html
The US gets a lot of stuff from South Africa. I wonder if South Africa is trading Gold for Goods with China.

HighRise

Date: Tue Jan 13 1998 22:36
ROR (TED/Cape Breton) ID#35767:
I understand your dissing by Caperchat but I sure would have loved to have seen the reaction/ by the way what were some of the comments?. I want examples of individual slovenliness ( no names ) which will bring home the point succinctly of how you are describing Cape Breton. Also as a conservative why have you moved there and stayed there?
Try to think of an incident or circumstance which says what you have been saying without words but just as they say the facts speak for themselves. How far is Cape Breton from Sidney?

Date: Tue Jan 13 1998 22:35
JMARK (Pass the EB please) ID#197304:
EB: Nice call on platinum.
Cherokee: Bad call on grains. Corn up limit. Must have gotten strong export report. I didn't see it. EB: Where do we go from here on metals. Comment on all please. AWAY TO FIND EB. EBPHONEHOME!!!!!!!!!!!!!!

Date: Tue Jan 13 1998 22:28
Ted (Doom + Gloom) ID#364147:
Well, Sri Lanka is down~~~~~~~~~

Date: Tue Jan 13 1998 22:25
HighRise (No Problem!) ID#401460:
Japan
Nikkei 225
^N225
9:01PM
15052.95 +297.01 +2.01%

Hong Kong
Hang Seng
^HSI
10:22PM
9159.90 +439.90 +5.04%

Date: Tue Jan 13 1998 22:25
223 (Clean: I found a link! Cerium oxide $7.00 per pound!) ID#26669:
http://www.hurricane.net/~olympic/lapidary/polish/polish.htm

Date: Tue Jan 13 1998 22:21
Ted (Newa + ROR) ID#364147:
Newa: I'm 'located' in Cape Breton.....ROR: Cause I kept askin a simple question- - Why is almost everyone in CB so FAT....guess the 'truth' is offensive....eh!

Date: Tue Jan 13 1998 22:19
HighRise (Gold & CRB) ID#401460:
GC G8
Feb. Gold
2868
+30
+1.1
2871
2838
26.8K

CR A0
Commodity Research Bureau Index
22590
+330
+1.5
22620
22260

Date: Tue Jan 13 1998 22:16
Silverbaron (PETE @ SSC) ID#288295:

I didn't intend to run down SSC with the previous posting. You'll do fine with it, I think.

Sunshine is THE silver mining company that most investors from the 70's think of when they look for silver shares ( Once traded for $30/share ) . There is lots of liquidity with all those shares, so institutions will be big buyers when they finally get the message.

Heaven knows, all these things are risky - PAASF and SSRIF have a sizeable portion of their silver reserves in RUSSIA, which could turn into a meltdown, or worse. It's all a crapshoot, but the odds are in our favor this time.

I

Date: Tue Jan 13 1998 22:08
Flash (Cohen successful?) ID#301318:
BANGKOK, Jan 11 ( AFP ) - With the demise of the Asian economic
miracle, the East Asian arms race may finally be coming to an end,
and with it the hopes of scores of weapons salesmen who flocked to
the region during its boom years.

The peace dividend that failed to arrive at the end of the Cold
War may finally materialise, not because the region is more at
peace, but because countries here can no longer afford expensive
military hardware.

The region- wide financial crisis has seen currencies plummet to
record lows against the dollar and forced several countries - -
Thailand, South Korea and Indonesia - - to look to the International
Monetary Fund ( IMF ) for bailout packages.

Cash- strapped governments are tightening their budgetary belts,
and it looks like some of the first things to go will be costly
military hardware.

Indonesia, which has one of Southeast Asia's largest standing
armies, became the latest country to announce that it was scaling
back military spending, saying Friday it would cut spending by up to
20 billion dollars during the current economic crisis.

Brigadier General Wahab Mokodongan, armed forces chief
spokesman, said the cutbacks would force Indonesia to delay its
purchase of Russian Sukhoi jet fighters and other military hardware
from that country.
( edited )

Date: Tue Jan 13 1998 22:08
Golden Boy (Rally) ID#430233:
First major test will be 288. Interesting equity markets in Asia rallying strongly too.

Date: Tue Jan 13 1998 22:06
Flash (Cohen making the rounds.) ID#301318:
BANGKOK, Jan 9 ( AFP ) - Thailand will discuss the possibility of
reselling US fighter jets ordered by Bangkok before its economic
collapse when US Defence Secretary William Cohen vists next week,
reports said Friday.

The Thai Air Force will raise the issue of the eight F/A- 18 jets
with Cohen when he arrives here for a two- day visit on January 16,
Air Chief Marshall Thananit Niamthan told the Bangkok Post.

Other options open to Thailand, which has said it can no longer
afford the aircraft given the country's financial storm, are an
extension of payment and the possibility of lowering the annual
interest rate on the credit.

The chief of staff also insisted that the purchase of the jets
could not be cancelled as the air force would be forced to pay a
penalty of five billion baht ( 92 million dollars ) .

Thailand has asked to stretch out a 400- million- dollar purchase
of eight US- built F/A- 18 fighters.

Cohen, who sets off this weekend on an 11- day tour of Asia,
wades into security problems in a region in economic crisis.

Analysts have said Asian nations will get assurances of US
support as they face their toughest economic storm ever.

Date: Tue Jan 13 1998 22:04
Flash (Thai's reluctant to let go?) ID#301318:
BANGKOK, Jan 8 ( AFP ) - Thailand's Deputy Finance Minister Pichet
Phanvichartkul said Thursday the government expects to collect ten
tonnes ( 22,000 pounds ) of gold through issuing interest- bearing gold
certificates.
From 10,000 gold shops, we expect to get 10,000 kilograms or 10
tons of gold, Pichet said in a television interview.

The estimate is only half the 20 tonnes the minister said would
be raised by selling the gold certificates to vendors when he
announced the scheme Wednesday.

Around 10,000 gold retailers are expected to take part in the
scheme which effectively allows the government to use gold loaned by
it for a specific period.

The plan involves the issue of gold certificates for deposit
with a term of three years and a fixed interest rate of five
percent.

The move is aimed at wooing desperately needed foreign currency
to the economically embattled country as it suffers a liqidity
crisis, analysts said.

The certificates, to be issued by the state- owned Krung Thai
Bank or the Government Savings Bank, are expected to have a face
value of two kilograms ( 4.4 pounds ) denominated in baht.

The plan will go before the cabinet next Tuesday, Pichet said.

Thailand is facing growing liquidity problems as well as
increased difficulties in paying back its foreign loans as the baht
plunges against the dollar.

As a result of its massive debts and falling currency, liquidity
within the system has reached chronically low levels, forcing the
government to pull out all the stops to lure foreign currency back
into Thailand.

Date: Tue Jan 13 1998 22:04
HighRise (http://www.dbc.com/cgi-bin/htx.exe/dbcfiles/curcommt.html?SOURCE=core/dbc) ID#401460:
Try this.

Date: Tue Jan 13 1998 22:02
HighRise (What is Going On?) ID#401460:
Many commodities are up today and tonight, it looks like a totally different world tonight? BIG change has taken or is taking place.
http://www.dbc.com/cgi- bin/htx.exe/dbcfiles/curcommt.html?SOURCE= core/dbc
HighRise

Date: Tue Jan 13 1998 22:02
Silverbaron (tsclaw @ silver eagle proofs) ID#288295:

I think I read the other day in the order posted on this forum, that both silver and gold bullion were covered in the confiscation order. I don't believe that any silver was ever actually confiscated, however.

In a serious deflationary scenario, items of silver which carry a high ( luxury or collector ) premium over bullion might not be a good bet, as they would be in an inflationary environment where everyone has lots of money to spend.

Most of my personal silver is in ( non- proof ) eagles and junk silver, but I have hedged my silver bullion bet a little by buying some of the high- end stuff, just in case the radical appreciation theory turns out to be real.

Date: Tue Jan 13 1998 22:02
glenn (gold) ID#376309:
now this is what I call some action. Divergances all over the place up. Up almost $10 off the low's monday by tuesday night. but do remember that all the good rallies so far have been only two days each. Wednesday can still be good but what will thursday look like It sure does feel good thought!

Date: Tue Jan 13 1998 22:01
tolerant1 (Hmmmmm) ID#31868:
Let us say the price of gold were to move up to $500.00 - how many in Asia or elsewhere would be able to afford it. And would they turn in their valuable dollars for metal.

I mean with the devaluations and such. At what price would it keep people out of making purchases?

Date: Tue Jan 13 1998 22:01
Mooney* (HELLO!) ID#348169:
HEED! HEED! HEED! ( Take head also, if you can get it! ) Sorry ladies, I'm uncontrollable tonight! )

Date: Tue Jan 13 1998 21:59
WDL (@overnight markets) ID#24095:

GC 8G....286.6

SI H8........5.745

PL JH.......380

Date: Tue Jan 13 1998 21:59
223 (Clean re One other thought about rare earths:) ID#26669:
When I was kid I ground, polished and figured a telescope mirror using a series of progressively finer grits of aluminum oxide, then one of cerium oxide then finally iron oxide. If I recall it right the cerium oxide was about 3x as expensive per pound as aluminum oxide. No new information, but if I run across it I'll let you know.

Date: Tue Jan 13 1998 21:57
tolerant1 (Highrise) ID#31868:
Exactly.

Date: Tue Jan 13 1998 21:55
HighRise (ROR (Clinton)) ID#401460:
Do your homework, a Republican Rockefeller got Clinton out of the draft, and another Rockefeller sponsored Hillary's health care bill.

Tyson has not done to bad either - watch future Asia Chicken sales.

The treasury dept is controled by people from Goldman Sachs - the investment Bankers we bailed out of Mexico now Asia along with the Rockefellers Chase Bank.

Please don't buy into the Republican/Democrat political thing. It is not a conspiracy it is business as usual.

HighRise

Date: Tue Jan 13 1998 21:50
Mooney* (Today's Action) ID#348169:
Today's moves in the precious are finally SIGNIFICANT! Let's take head!

Date: Tue Jan 13 1998 21:48
MoReGoLd (@Everything is UP !) ID#348129:
glenn: A lot of people seem to agree with you Gold up 2.80 !
When was the last time we saw a 5.00 move up on the Comex, followed by a 2.80 rally overseas. Been real long......
All Asian markets up strongly to boot......

Date: Tue Jan 13 1998 21:48
Donald__A (@Kitco) ID#26793:
Silver/Gold Ratio = 49.05

Date: Tue Jan 13 1998 21:47
Lurker 777 (Is the cat back?) ID#317247:
Hello CAT, speaking of morons you should of taken me up on that bet. You are one weird cat.


Date: Tue Jan 13 1998 21:47
grant (HERE WE GO) ID#432221:


Date: Tue Jan 13 1998 21:45
Donald__A (@Kitco) ID#26793:
XAU/Spot Ratio = .235

Date: Tue Jan 13 1998 21:43
Donald__A (@Kitco) ID#26793:
Dow/Gold Ratio = 27.32

Date: Tue Jan 13 1998 21:42
MJPL (Frank Veneroso Conference Call) ID#153111:
In my Gold Newsletter by James Blanchard, he said that he arranged for a conference call with Mr. Veneroso for $69.00 between 9 to 10 PM EST. I don't know what he is saying but looking at the price of gold tonight ( up $2.2 @ US$286.00 as I write ) it may be interesting. Also the Traders Commitments in Barron's showed the Large Spectulators as having a big net short position. Is it time to cover?

Date: Tue Jan 13 1998 21:42
Clean (Rare earths) ID#333192:
223: Thanks for the info. I was trying to
verify that rare earths are much cheaper than
the noble metals, and the quote you mentioned
does seem to confirm that.

Date: Tue Jan 13 1998 21:41
Pete (Silverbaron) ID#22451:
I knew that the outstanding shares were greater than 30 mil. I just used a ratio as an example. I also know that my bet is risky, but are'nt most PM bets risky because timing is everything in PM'S. SSC has been dead serious in revamping their operations and reserves and are forecasting recovery costs to the lower $4.00 range.
You may be right and I may take a beating, save the fact that I have not lost anything to date. I got in at $0.75 and hopefully management can finally turn it around. Otherwise ( cei le vie ) ( say la vee ) pardon my french!he he he he

Date: Tue Jan 13 1998 21:35
glenn (time to buy) ID#376309:
For the first time in as long as I can remember I believe that the low is in for the metals. I'm buying gold stocks on the open wednesday and will be buying options also ( HM leaps and Gold calls ) . Gold's action looks real good. It's time to buy.

Date: Tue Jan 13 1998 21:35
RJ (..... Prove It .....) ID#411259:


Anyone that would put a quarter mil in proof coins of any sort is delusional. sounds like a sales pitch to me.




Date: Tue Jan 13 1998 21:33
mozel (Yesterday All Over Again ) ID#153102:
Exports can be the salvation of some Asian economies because of
their economic structure. While exports account for just 8 percent of America's economic output and 10 percent of Japan's, they make up 79 percent of Malaysia's total economic output, 29 percent of Thailand's, 27 percent of South Korea's and 25 percent of the Philippines' output. Source Todays Int'l Herald Trib

The Trib itself quotes no source.

more from IHT IMF Remedies Played A Role in Asia's Panic

The IMF report, called ''Indonesia Standby Agreement: Review
Under the Emergency Financing Procedures,'' describes a key
turning point in Indonesia's downturn. That came in November, the
report says, when Indonesia was forced by the IMF to close 16
insolvent banks, including at least one controlled by Mr. Suharto's
son. The Fund's economists thought the move would restore
confidence in the remainder of the country's banking system by
eliminating the bad apples.

Instead, it touched off a panic.

Indonesians rushed to withdraw their money, taking $2 billion out of
the banking system altogether and shifting more cash out of private
banks that they feared would be next to be ordered closed. By the
end of November, the report says, two- thirds of all the banks in the
country ''had experienced runs on their deposits.''

The problem grew so critical, the report says, that the Indonesian
central bank had to pump into the private banks funds ''equivalent to
about 5 percent of GDP over the past two months.'' Indonesia's
gross domestic product last year exceeded $200 billion


Hmm 5% of 200 Billion is $10 billion. But Indonesians rushed to withdraw their money, taking $2 billion out of the banking system altogether

What is the story on the other $8 billion ?

In my opinion the only numbers to be relied on about Asia are the numbers from the exchanges. Price is the only honest reporter in the whole lot of them.

It is becoming increasingly clear, however, that IMF is the global 1998 counterpart of FRB in the US 1929 economy. FRB has been unjustly accused of withdrawing liquidity in 1930 just when it was needed. IMF will be justly so accused by future historians.

I could go into an extensive explanation of how the history of world finance & currency since Bretton Woods parallels the history of US finance & currency from 1862 to 1933, but the bottom line is there is nothing of substance left with which to collateralize a resurrection of fiat currency except your labor. There is not enough private gold to matter and they already own your house, land, and car. Lord, Lord, deliver us from the friends of government.

Date: Tue Jan 13 1998 21:32
Leland (The DDT...Dollar Donation Team doing a damn fine job..) ID#31876:
US taxpayers are proping- up the world indexes tonight!!

Date: Tue Jan 13 1998 21:31
Mikey (goldilox @BEMA GOLD) ID#347332:
TO goldilox;
Last deal with Placer Ok in my book. However, the majority
believes not to be. Bema's partner Arizona Star shareholders
disappointed also. Stock down. Shareholders thought maybe
Placer would buy out Arizona in a friendly takeover.
That was not the case. Some speculate that Bema might purchase
Arizona. Good long term stock. Must be patient and wait
out gold. Price of Bema's share is wired directly with
the price of gold. I usually can tell by looking at the price
of bema only to know if gold bullion is up or down. Cerro Casale
deposit in Chile is one of the world's biggest UNDEVELOPED gold
mine.


Date: Tue Jan 13 1998 21:30
Speed (Platinum) ID#286199:
EB: You called it on Platinum.

SWC followers on SI are pretty excited tonight. One rumor is that GM will finance a piece of the new development for a secure platinum supply.

Date: Tue Jan 13 1998 21:29
ROR (Clinton) ID#35767:
I think the President is moving in the right direction to expand medicare and help with childcare. I'd rather help there than go along with the Republican conservatives and give everything to the wealthy and Wall St.

Date: Tue Jan 13 1998 21:25
tsclaw (1997 PROOF AMERICAN EAGLES) ID#318118:
I talked with 3 credible coin dealers today about coin purchase.
All told me that they have had a rush today on Proof American Eagles.
One of the dealers had a buyer walk in with a quarter of a mil and he wanted in 1997 proof American Eagles. He wanted his money in something
that had no chance of being confiscated.

Any comments, eh?

Date: Tue Jan 13 1998 21:25
WDL (@overnight markets) ID#24095:
Gold on meteoric rise tonight...now 287...what's going on?

Date: Tue Jan 13 1998 21:24
NJ (Veneroso) ID#20748:
Veneroso was on internet conference call this evening. Anyone got information on that ?

Date: Tue Jan 13 1998 21:21
WDL (@overnight markets) ID#24095:
Harbinger of good news...Feb. gold now 286.7

Date: Tue Jan 13 1998 21:16
winston (MoReGold: Echo Bay ripe for takeover.) ID#245319:

Rumor has it that ECO is being targeted by Homestake.

Date: Tue Jan 13 1998 21:14
ROR (TED///WHY WERE YOU BOOTED OUT OF CAPERCHAT) ID#35767:
Please elaborate. What do they discuss and is there anyway for a downlander to participate.

Signed lookin for liberal in all the wrong places old song thing.

Date: Tue Jan 13 1998 21:10
NEWA (@Ted's Weather) ID#39133:
Ted, I'm curious as to where you are located. You appear to have
quite a passion for Meteorology!

Date: Tue Jan 13 1998 21:10
WDL (@overnights) ID#24095:
Feb. gold 286.1 at 9:11 E.S.T.

Date: Tue Jan 13 1998 21:06
Ted (Welcome back Bernatz (Du)...........................) ID#364147:
hi

Date: Tue Jan 13 1998 21:04
WDL (@overnight markets) ID#24095:
Feb. gold just hit 286.

Date: Tue Jan 13 1998 20:58
Clean (Comex delivery) ID#333192:
Tyler rose mentioned that if he withdraws his gold from the

depository, then it would be necessary to melt and recast his gold

bar before resale. Anybody know why is it not sufficient to

measure the density of the gold to determine the purity? One would

certainly detect a lead filler from this. Since any potential

filler except platinum would be lighter than gold, one can detect it

from density. Only a mixture with a high propotion of platinum and

a small part of another metal can match the density of gold- for

example, platinum and lead in roughly 6:1 ratio. But such a mixture

would cost more than gold ( at current prices ) , so there would be no

incentive to use it as a filler.

Date: Tue Jan 13 1998 20:53
Jung (To CLEAN) ID#237164:
THanks for the explanation about the Indian Gold BOnd ...
I gather that the original purchase was with gold ...

Thanks again.

Date: Tue Jan 13 1998 20:52
Spanky (source for previous post) ID#286262:

To receive free daily Global Intelligence Updates
or Computer Security Alerts, sign up on the web at
http://www.stratfor.com/mail/>http://www.stratfor.com/mail/, or send your name,
organization, position, mailing address, phone
number, and e- mail address to info@stratfor.com
___________________________________________________

STRATFOR Systems, Inc.
3301 Northland Drive, Suite 500
Austin, TX 78731- 4939

Phone: 512- 454- 3626
Fax: 512- 454- 1614
Internet: http://www.stratfor.com/

Date: Tue Jan 13 1998 20:49
Spanky (Global meltdown news) ID#286262:

Global Intelligence Update

Red Alert

January 14, 1998

IMF Warns New Zealand

The IMF has warned New Zealand that external shocks, meaning the Asian

meltdown, have made the New Zealand dollar, the kiwi, vulnerable. This is

not surprising. As we have stated, the exposure of Australian and New

Zealand banks to the Asian crisis is difficult to quantify but is

undoubtedly substantial. However, the warning was not only about external

shocks. The IMF also stated that, Growth has slowed, the structural

fiscal surplus has been reduced, private savings is low, competitiveness

has deteriorated and the current account deficit has widened... Directors

generally believe that it would be advisable for the authorities to tighten

policies to minimize the risks, particularly in light of current regional

uncertainties, with a number of directors considering that fiscal

tightening could be achieved by scaling back medium- term expenditures.

This is easier said than done. The report points out that New Zealand has

an aging population, and the greatest pressure on the budget is retirement

benefits. The IMF explicitly calls for the imposition of cost controls on

retirement expenditures, which would limit both eligibility and pay- outs.

This is an explosive issue in any advanced industrial country. It is

particularly explosive in New Zealand where the Labor Party, with a long

traditional of social welfare programs, has a substantial lead in the

polls. The IMF advice is sound, but won't be followed for political

reasons.

Thus, the Asia crisis has entered its second phase in two ways. First, the

problem has now fully manifested itself in Asia as a political problem

rather than as a primarily economic problem. Second, the Asian meltdown is

now affecting other countries. The problem is not so much the effect that

the Asian crisis has had on New Zealand. Rather, the problem is that the

Asian crisis, added to fundamental structural weaknesses, has turned a

long- term issue into one that is quite pressing. New Zealand has lost

several of its export markets and its banks have made bad loans. By

themselves, this would not threaten New Zealand. But the Asian crisis has

served to turn what would otherwise be long- term issues into matters for

immediate attention.

The New Zealand situation should be studied carefully because it provides

hints about possible future paths for countries not directly or massively

affected by the Asian disease. First, it provides us a sense of how

demographic and structural problems, when combined with banking and export

problems, can create a serious problem where neither alone would have done

so. Second, it shows that the Asian crisis can move up the timetable for

other longer- term economic problems, by magnifying issues that appeared

previously to be postponable. Finally, the general political tendency in

advanced industrial societies of late has been a backlash against the

process of deregulation that dominated the 1980s and early 1990s. This

means that the political configuration in New Zealand and other countries

is not now oriented toward rapid and effective solutions that impose

structural shifts or even short- term pain. All of this is exacerbated by

the business cycle in many countries. After several years of expansion,

the vulnerability to economic shock is increasing.

As the IMF report reveals that the problem here is not Asian exposure, but

structural weakness. This is magnified by the Asian shock and made

unmanageable by political factors. The danger now is a domino effect, with

the weaker and more politically constrained economies either being forced

to impose austerity or, even worse, being unable to tighten their belts.

This would project new effects outward. If New Zealand has a problem,

Australia won't be far behind. This won't have a massive effect on the

global economy, but it is not clear how many marginal effects the global

economy can absorb after Asia before buckling. Even the American economy

could not withstand too many dominos going down.

Date: Tue Jan 13 1998 20:49
Speed (RJ ) ID#286199:
The 13:50 post by Bernatz DU ( not de ) Ventadorm is none other than the CAT, aka Hepcat aka countless other handles. I am surprised no one else picked up on it. Everybody is giddy from positive numbers in metals I guess.

Date: Tue Jan 13 1998 20:48
Ted (Our weather(courtesy of Environment Canada)) ID#364147:
SYDNEY- BRAS DOR.
WIND WARNING CONTINUED.
TONIGHT..SNOW BEGINNING TONIGHT CHANGING TO RAIN AFTER MIDNIGHT.
RAIN ENDING OVERNIGHT. SNOWFALL AMOUNTS LESS THAN 5 CM. RAINFALL
AMOUNTS 10 MM. WINDS INCREASING TO SOUTHERLY 40 TO 60 KM/H THEN
SHIFTING OVERNIGHT TO WESTERLY 60 GUSTING TO 90 KM/H. TEMPERATURES
RISING TO 3 AFTER MIDNIGHT THEN DROPPING TO MINUS 3 NEAR DAWN.
WEDNESDAY..CLOUDY WITH SUNNY PERIODS. A FEW FLURRIES GIVING SLIGHT
AMOUNTS. WINDY AND COLDER. WINDS WESTERLY 60 GUSTING TO 90 KM/H.
TEMPERATURES DROPPING TO MINUS 7 IN THE AFTERNOON.
THURSDAY..A MIX OF SUN AND CLOUD. MORNING LOWS MINUS 13.
HIGHS MINUS 7.
PROBABILITY OF PRECIPITATION IN PERCENT 100 TONIGHT. 60 WEDNESDAY.
20 THURSDAY.

Date: Tue Jan 13 1998 20:47
TZADEAK* (@ LGB, I know, .. I said I wouldn't but now that you've seen the LIGHT) ID#374211:
Back in December , I corrected you and Allen on your ideas and posts that were based on the Fin Times Rees- Moore Is Gold only for FOOLS
wherein you agreed with said ideas proposed , that Gold was just like any other commodity say like copper! and I also advised at the time that the Feds printing presses would be on overdrive INFLATING!
You of course disagreed strongly with my view at the time, you indicated that the FED would never INFLATE.
I am somewhat surprised that you finally saw the LIGHTwhy the way you et al were carrying on bashing anybody and everybody's concepts that would be positive for Gold. I just wish in future, you could be more open minded and a little less critical when it comes to other's ideas and experiences relating to GOLD,one never knows some could be right on the money! BTW now that you seem to be pro GOLD does this mean now that you'll be LGB.999? ( *;* )

Date: Tue Jan 13 1998 20:41
RJ (..... bernatz du ventadorm .....) ID#411259:

Regarding bernatz du ventadorm:

Who is this fellow? I am highly suspicious that the Pirate of the Pyrenees is still MIA. This guy is not heem.

Date: Tue Jan 13 1998 20:41
223 (Clean re rare earth prices:) ID#26669:
Well, I did find a couple of commercial links to places which say they sell lanthium and cerium. If you've got the cojones to call and ask them here are the links. ( One even sells erbium. In case you wanted to sprinkle it in your erb garden ) Ello, this is Arry Icks from Ilo Awaii and I'd like a quote on a boxcar of erbium. Yes ma'am, that's erbium with a no aitch.

http://www.nnac.com/ferro.html
http://www.kamis.com/index.htm

I found another link which sells lanthium nitrate for use as an electron microscopy stain for thirty bucks for 100 grams, but no cerium, yttrium nor erbium. I don't have any jokes about yttrium. Sorry.

Date: Tue Jan 13 1998 20:40
Schippi (Fidelity Select Gold Chart) ID#93199:
Fidelity Select American Gold & Precious Metals Chart.
Ten market days ( seven hours / prices per day )
http://www.geocities.com/WallStreet/5969/agpm70.htm

Todays spike UP, gives us a double bottom, following
a long slide down. Scaled Up this AM. If this Reflex rally
when it corrects, holds above the previous Low, we would
have a Technical toe hold to the Upside.


Date: Tue Jan 13 1998 20:39
MoReGoLd (@AU) ID#348129:
TED: CNBC showing Gold up 1.70 !!!

Date: Tue Jan 13 1998 20:37
APH (Silver) ID#25588:
FundaMETAList - straight up, Denton - we are either in the midst of wave 4 or the very begining of wave 5, either way the target of 7.30 to 7.40 shouldn't be altered very much.

Date: Tue Jan 13 1998 20:36
Silverbaron (223 @ Dry Powder) ID#288295:

For some of your 'dry powder' Look at First Silver Reserve ( FSR.V ) It is a volatile stock, and has done well since July. But don't buy it now.

Current float is 5MM shares, but 28MM more ( currently ) restricted shares come on the market about Feb 15, which should crater the price - buy it on the dip then. That's my plan.

I believe it's a good company with 47 MM oz of silver reserve, low ( ~$2.00/oz ) production costs and an agressive exploration/expansion program in the works. And they actually make money!

Date: Tue Jan 13 1998 20:36
MoReGoLd (@ECHO BAY - Taking drastic steps to reduce mining costs, AND Gold production.) ID#348129:
A lot of interesting info in this release:
ECHO BAY ANNOUNCES SERIES OF ACTIONS TO IMPROVE CASH FLOW BY $30- 35 MILLION IN RESPONSE TO 18- YEAR LOWS IN GOLD PRICE

ENGLEWOOD, Colo., Jan. 6 /CNW/ - - Echo Bay Mines Ltd. ( Amex: ECO;Toronto )
announced today a series of actions designed to improve cash flow by
an estimated $30- 35 million in 1998 in response to 18- year lows in the gold price.
The company is temporarily suspending operations at its Lupin gold mine
in the Northwest Territories, and is scaling back operations at its McCoy/Cove mine in Nevada, until the gold price improves. Echo Bay will also reduce its
1998 new- project expenditures budget to $3 million from $21 million and its
exploration budget to $6 million from $11 million, pending an increase in gold
prices. In addition, the company is reducing the number of executive,
administrative and clerical staff based in the Denver corporate office by
approximately 40% to a total of 37 persons.
Taken together, these actions are expected to reduce the company's 1998
cash expenditures by an estimated total of $30- 35 million. With the company's
current gold hedge position, Echo Bay will realize a minimum average of $338
per ounce for its entire planned 1998 gold production.
The current cash value of the company's gold and silver hedge position is
$51 million ( $24 million for 1998 and $27 million for the years 1999- 2002 ) ,
including $22 million for an interest rate swap that approximately halves the
interest rate paid by the company on its $100 million capital securities
through March 2002.
The company will take an estimated $14 million charge in the fourth
quarter of 1997 for the total cost of these overall reductions, including
severance and related costs.
Lupin and McCoy/Cove are the company's two highest- cost mines. Both have
operated at a loss for some time. In the first nine months of 1997, cash
operating costs were $294 and $291 per ounce of gold produced at Lupin and
McCoy/Cove respectively. The market price of gold sank to an 18- year low of
$280.45 today. Cash operating costs are considerably lower at the company's
other two gold mines, Round Mountain in Nevada and Kettle River in Washington
State ( $205 and $217 per ounce respectively for the first nine months of
1997 ) .
The temporary mothballing of Lupin and scale- back of operations at
McCoy/Cove is expected to reduce Echo Bay's 1998 cash operating costs to $240-
250 per ounce of gold produced, compared with the company's full- year 1997
target of $265- 275 per ounce. The company's total gold production is expected
to be reduced by approximately 25% , or 175,000 ounces of gold per year, until
gold prices improve. In the first nine months of 1997, Lupin produced 121,278
ounces and McCoy/Cove produced 143,900 ounces of Echo Bay's total 551,227
ounces of gold production.
With the actions announced today, Echo Bay's 1998 production targets are
500- 525,000 ounces of gold and 7- 8 million ounces of silver.
The Lupin mine is being placed on ``care and maintenance'' to maintain
the integrity of the mine and enable it to reopen when gold prices improve.
Approximately 500 employees are affected. The underground mine is located 56
miles south of the Arctic Circle. It is the northernmost gold mine in the
world outside of Russia. Annual care and maintenance costs are anticipated to
be about $3 million.
At the McCoy/Cove mine, operations are being scaled back and costs will
be reduced significantly by implementation of a variety of actions until gold
prices improve. Mining activities will be limited to the higher- grade portions
of the Cove open pit. Mining is being discontinued in the smaller, higher- cost
McCoy pit. Remediation work on the Cove pit wall is being postponed at least
until the second half of 1998, pending an improvement in the gold price. There
will be a reduction of approximately 20% of the 450 employees at the site.
Other cost- saving measures will also be implemented.
The outstanding success that has been achieved at these two mines in the
past is due in large measure to the contributions of the highly skilled and
dedicated employees at those locations. Echo Bay recognizes these
contributions and will provide a compensation package to all affected
employees.
Echo Bay mines gold and silver in Canada and the United States. The
primary markets for its shares are the American and Toronto stock exchanges.
``Safe Harbor'' Statement under the Private Securities Litigation Reform
Act of 1995: The statements herein that are not historical facts are forward-
looking statements. They involve risks and uncertainties that could cause
actual results to differ materially from targeted results. These risks and
uncertainties include but are not limited to future changes in gold prices,
which could render projects uneconomic; differences in ore grades, recovery
rates, and tons mined from those expected; changes in mining and milling rates
from currently planned rates; the results of future exploration activities and
new opportunities; changes in project parameters as plans continue to be
refined; and other factors detailed in the company's filings with the
Securities and Exchange Commission.

Date: Tue Jan 13 1998 20:36
dirt (hasimoto@japan.com) ID#215379:
Congratulations...Well done and good timing on buying gold and selling US T- bonds...

Date: Tue Jan 13 1998 20:35
Ted (HI JIN!) ID#364147:
On a day the CPI showed little to no inflation, Proctor+ Gamble raised the price of Charmin toilet paper by 7 % ( might be no ( ? ) inflation but it's sure gettin expensive ta wipe yer ass... )

Date: Tue Jan 13 1998 20:33
tolerant1 (223) ID#31868:
Opps. They must have just instituted a password for the previous issues online. Sorry about that.

Date: Tue Jan 13 1998 20:32
Barb Hughes (@Tyler Rose) ID#20783:
If you wish someone to walk you through
the situation you are in and all of
your options, will be happy to help,
with no cost to you. But not on this
forum. You may reach us at
moneyshop@msn.com.
You happen to be very luckey in where
your bar is stored!
take care..Barb

Date: Tue Jan 13 1998 20:32
MoReGoLd (@AU) ID#348129:
Barb, thanks for the info. Have to be extra vigilant when buying.......

Date: Tue Jan 13 1998 20:29
WDL (@overnight markets) ID#24095:
As Artie Johnson would say on Laugh- In...Very Interesting ( provide your own accent ) ...Feb. gold up to 285.6

Date: Tue Jan 13 1998 20:26
mozel (rose's gold) ID#153102:
Is the US mint completely out of business or will they mint your gold into gold coin for a fee like they once did for 49er's ?
The mint stamp, if available, would avoid recertification charges.

Date: Tue Jan 13 1998 20:25
tolerant1 (223) ID#31868:
http://blanchard.stockscape.com

scroll to the bottom and click on previous issues. To save time, in each issue go to the Junior Mining Report. You will find a few different items on TNX there.

I am still trying to find a link that has a very thorough write up on TNX that you can look at.

Date: Tue Jan 13 1998 20:24
Leland (Now the big hammer pounding on gold is gonna be...) ID#316193:
Mining shares are over- valued based on the low price of gold.

It's started, but please, please, don't anyone post any of this
plop. Thanks.

Date: Tue Jan 13 1998 20:24
Ted (@ Cape Breton) ID#364147:
Feb. gold up 1.20 @ 2- 8- 5

Date: Tue Jan 13 1998 20:20
MoReGoLd (@PALLADIUM - A cure for cancer ?) ID#348129:
KITCO showing at 245. + $22 !!!!! Now only 40. bucks away from Gold.
RJ, Comments?

Date: Tue Jan 13 1998 20:16
Silverbaron (PETE @ SSC 07:36 POST) ID#288295:

Sunshine ( SSC ) has not 30 million shares outstanding, but 255,137,000 ! Reserves according to Dec Gold Newsletter are 102 MM ounces. For the non- callable warrants, I suggest you call shareholder relations to determine the conversion price. You can fiind the shareholder relations phone # at Goldsheet.

Date: Tue Jan 13 1998 20:10
MoReGoLd (@BEMA) ID#348129:
goldilox: Grandich just recomended it as his #1 pick in his
newsletter ( not sure if thats good ) . I know he also owns it.
Personally I think it hinges almost entirely on the POG, and IMHO has big upside if the POG can crawl out of this CB induced morass.

Date: Tue Jan 13 1998 20:10
Barb Hughes (@MoReGoLd) ID#20783:
Amen to buying reconized coins
( Eagles & Mapes )

RE: Bars
Anytime there is money involved
anything is possible. We think
we've seen it all....But always
cautious as someone can dream up
a new angle to scam.
There's a large amount of drilled
and filled Engelhard Silver Bars
currently in marketplace NOW!

Date: Tue Jan 13 1998 20:10
223 (Clean re bad news:) ID#26669:
Remember Roseanna Roseanna Danna of 'Saturday Night Live' fame? Her second most famous quote was 'If its not one thing its another'. IMHO you're right about the research into alternatives for catalytic converters. But on the other hand, IMHO they haven't found any really good replacements yet for fuel cell elements and for palladium hydrides in those two very narrow fields of usage. Here are a few of the dozens of
links on these 2 subjects:

Ballard power systems page: http://www.ballard.com/01in/infr.html

Canadian fuel cells links: http://www.engr.uvic.ca/~dbryan/fuelcell_dir/web_fuel.html

Simplistic palladium hydride page:
http://www.psc.edu/MetaCenter/MetaScience/Articles/Wolf/Wolf.html

Date: Tue Jan 13 1998 20:04
vronsky (http://www.gold-eagle.com/gold_digest_98/milhouse010598.html ) ID#426220:

CURRENCY TURMOIL IN 1998 by Milhouse

TAIWAN PREPARES FOR YUAN'S FALL - - JUST IN CASE

The economic supremo of Taiwan's ruling party, Lui Tai- ying, has challenged conventional wisdom on China's commitment to retaining a strong currency by warning of a MAJOR DROP IN THE YUAN BY JUNE.

Lui predicts a worst- case scenario of a 40 percent fall via a gradual devaluation, or a 25 percent one whack depreciation.

The Hong Kong Oracle has given another insightful and perhaps even alarming prediction of what currency turmoil to expect in Asia during 1998. It is definitely NOT a pretty picture. Milhouse gives his considered opinion on most major currencies and GOLD.

Gold will be the major beneficiary of the increasing currency
volatility wrought by EMU and the drive to inflate which is
already underway in almost every country. The reason it will
benefit is because it is the only form of money which exists
outside the financial system. As such, it is the only truly effective hedge against inflation. Any method of hedging against inflation which exists within the financial system involves a payment risk. Also, even if your non- gold hedge is 100% effective, you simply end up with a larger quantity of paper.

To read the report, copy and paste ABOVE URL to your Internet “Go To” window ( Location ) , then hit ENTER.


Date: Tue Jan 13 1998 20:01
Mike Sheller (DENTON TX) ID#347447:
Hi Dennis. The way I see it, if silver gets thru 6.30- 40, it's the 5th wave up in a first Wave ( 1 ) . I would look for around 7.75 for silver at the top of the 5th. March might see this. My best regards!

Date: Tue Jan 13 1998 20:01
MoReGoLd (@ANOTHER) ID#348129:
Well, if the price manages to stay above 280. from here, some of us will have to eat a bit of crow. I could live with that.
ANOTHER more or less called it..........

Date: Tue Jan 13 1998 19:59
goldilox (BEMA GOLD) ID#24935:
DOES ANYONE HAVE AN OPINION ABOUT BEMA GOLD?

Date: Tue Jan 13 1998 19:56
MoReGoLd (@SPOT PRICES STILL MOVING) ID#348129:
Gold Spot 284.05 +1.20
Silver Spot 5.77 +0.05
Guess the Asians are buying again....

Date: Tue Jan 13 1998 19:51
WDL (@ overnight markets) ID#24095:
With apologies to Karl Marx...goldbugs of the world unite...
February gold up to 285.1

Date: Tue Jan 13 1998 19:46
fundaMETAList (Denton, Tx) ID#341214:
Denton: APH and I traded some notes over the weekend. Sat afternoon I think. You might want to look at those. APH's that is, not mine. I'm an E- Wave beginner. I'm out the door right now but I could repost them for you in a bit if you can't find them. Outa here...

Date: Tue Jan 13 1998 19:41
ROR (READ SILVERBARON POST of 7:07AM today ) ID#35767:
The gold mkt went up into 74 then two years down into 76 before the big bull. Gold made a high in 96 and has been in a two year bear. The qoute on gold from articles in the summer/fall of 76 are almost no different than today ie threat of CB sales/IMF sales/demoenetization/ universal prediction of lower prices and no reason to go up because no recession or inflation on horizon..A must read to see the spin never changes.

Date: Tue Jan 13 1998 19:41
Barb Hughes (@ Tyler Rose) ID#20783:
JMRI stands for Johnson Mathey Rhode Island.
Currently you Certificate ( warehouse receipt )
is worth .985 of spot.
It's not collectable till end of FEB, which is
the nearest active month.
If you really want clairification let us know.
Take care,
Barb

Date: Tue Jan 13 1998 19:39
MoReGoLd (@TAKING COMEX DELIVERY) ID#348129:
Tyler Rose: Thanks for your update, interesting. It looks to me that the whole process is designed to discourage taking actual Gold delivery.
IMHO the best option to anyone wishing to own actual Gold is to pay the extra premium, and buy Eagles or Maples, or, worldwide recognized bars such as J& M to a maximum of 10 oz.

I would think it would be very difficult/uneconomic to drill and fill
these smaller bars. J& M bars are very well made and any tampering should be easier to detect.

Date: Tue Jan 13 1998 19:39
Psilver Psyched (Korean Gold Roundup) ID#216217:
Do we really believe this stuff is going to be sold?
I think it was sold long ago just before the crisis. Now it has to be delivered!

Date: Tue Jan 13 1998 19:28
a.j. (Treatise on restoration of Constitution@DaveinC O & Tolerant1.) ID#257136:
Have had muchas problemas with my 'puter and email the past week. If one of you could find time to email the treatise to the person who spoke to the point. And to Eldorado, also.TIA if you're able!
@ Grant: would you email me @: ajent@mena- ark.com. So we don't waste forum space. Got something I'm sure will interest you.

Date: Tue Jan 13 1998 19:23
SDRer__A () ID#287277:
International Herald Tribune
Wednesday, January 14, 1998

IMF Remedies Played A Role in Asia's Panic ( :- )

Report Also Assails Suharto GovernmentFor Failing to Enact Promised Reforms
By David E. Sanger New York Times Service

JAKARTA - A confidential report prepared by the International
Monetary Fund last week strongly criticizes the Indonesian government for undermining an agreement to rescue the country's economy, but also acknowledges that a key element of the Fund's strategy backfired, helping trigger a bank panic that is still rippling across Asia.

The report, distributed to members of the IMF board, describes in
detail how political paralysis here, compounded by a key misjudgment at the IMF in Washington, brought Indonesia's banking system to the brink of collapse, sending investors fleeing and speeding the fall of the country's currency.

It helps to explain why President Bill Clinton rushed a team of top
government officials to meet with President Suharto on Tuesday, in
hopes of getting Indonesia back on track before its troubles spread
further.

http://www.iht.com/IHT/TODAY/WED/FPAGE/rupiah.html

Sorry! the 18:56 post was from Wed, Jan 14, 1998 Hong Kong Standard

Date: Tue Jan 13 1998 19:18
Denton,Tx (APH) ID#27251:
Where is the count for silver? If silver moves up above $6.30 or so would this be the fifth wave up, to be followed by a two movement down with a correct in between. Are each major movements about $2 from the previous high?

Date: Tue Jan 13 1998 19:15
JIN (testing!) ID#206358:
testing?!

Date: Tue Jan 13 1998 19:08
Cyclist (Rare Earths) ID#339274:
Thanks Clean for the info,it is priceless.

Date: Tue Jan 13 1998 18:56
SDRer__A () ID#287277:

...............END CAME WITH BROKEN PROMISE...............

Peregrine Investments Holdings was denied a promised US$60
million ( HK$468 million ) in cash from an American bank that would have
helped it avoid the massive chain of defaults that sparked its insolvency, its chairman said on Tuesday. Philip Tose said the bank, confirmed by Peregrine sources to be First Chicago National Bank, failed to hand over the money as promised on Friday. The funds would have tided Peregrine over until a US$175 million commitment by the Zurich Group became available on Tuesday, Mr Tose said. He said Peregrine was unable to find an alternative source of funds. ``As a result of that, we went into default on Friday night and that triggered cross- default on virtually all of our loan notes,'' he said.

Forgetting for the moment who lied to whom, that headline ( on the front
page ) will be remembered. IMHO

Date: Tue Jan 13 1998 18:50
Clean (Possible bad news for Platinum, Palladium, Rhodium ) ID#333192:
I read this news in a paper about a month ago,
so I don't know if it has been mentioned here.
San Francisco- based Redem Corporation is
marketing catalytic converter technology that
uses rare earths instead of Platinum, Palladium
and Rhodium. They claim competitive cost
and better conversion of pollutants than the
conventional catalytic converters. They expect
that this technology will be used in 34 million
cars a year, and report that GM has sought a
request for quotation.

I am not suggesting that this will have much
effect on the noble metals market in the short
term. Worldwide, only half of the cars
currently use catalytic converters, so it is
conceivable that the use of Platinum etc. may
continue to grow for a while, even while the
rare earths- based technology takes off.

Anybody know how much the rare earths, such as
Lanthanum and Cerium cost?

Date: Tue Jan 13 1998 18:46
fundaMETAList (Spock: Closing) ID#338289:
Spock: Silver was 568.5 basis Mar 98 and I THINK Gold was around 284 basis Feb 98.

Date: Tue Jan 13 1998 18:46
tolerant1 (chas) ID#31868:
At this point, who knows?!?

Date: Tue Jan 13 1998 18:45
Cyclist (liquidity) ID#339274:
FWIW Liquidity is the key,trade ABX it has the volume.You can jump
in and out at a moments notice.As I suggested yesterday ABX was
coiling for a big jump.I covered my short yesterday.I'm long
expecting only for a few days 17.5 is going to be difficult or 71 XAU.

Date: Tue Jan 13 1998 18:43
vronsky (http://www.gold-eagle.com/gold_digest_98/inger010798.html) ID#426220:

THE INGER LETTER FORECAST -

Gene Inger correctly asserts that the growing strength of the US dollar will eventually come back to haunt the American economy. “...every upward tick in the Dollar puts more future pricing risk into the domestic manufacturing sector versus foreign market competition.”

Overall Inger remains bearish on the stock market.

To read the report, copy and paste ABOVE URL to your Internet call- up window ( Location or “Go To” ) , then hit ENTER.

Date: Tue Jan 13 1998 18:42
SDRer__A (Peregrine's Jack-in-the-box Asian corporate bond holdings: ) ID#287277:
Shock and anger: Peregrine co- founders Francis Leung
and Philip Tose at yesterday's press conference.


they sit and do nothing until the lid suddenly opens and two boxing clad
fists pop- up and knock you out!

Top Peregrine management knew nothing of a massive US$1.2 billion exposure to Asian corporate bonds until two days before the
proposed equity injection from the Zurich Group was announced in the middle of November. Full Story

Moody's may cut HK ratings
Moody's Investors Service said yesterday it might cut its short- term credit ratings for the Hong Kong Government, two government- owned corporations, three commercial banks and one utility.

http://www.scmp.com/news/business/topbiz.idc

Date: Tue Jan 13 1998 18:41
Charles Keeling (Korean Gold Roundup) ID#344225:
I have noticed in some posts that
some of you believe that the people are
giving their gold to the government.

This is not true. They are getting
paper money which they probably need
since most of them are now out of work.

The gold buy back started after Soros
made a visit to Korea. I wonder who
the buyer will be? The US is very
interested in getting hard currency
into Korean Government hands. Remember
the Christmas Eve gift of 1 billion US
made to Korea? Clinton wants to get
19 billion more for SE Asia bailouts
through Congress.

Could it just be that the BIS is
destined to get this gold? If so,
it would be to the best interest of
all ( read BIS- US- IMF ) that the price
of gold should be solid and moving up
at this time in order to get as much
hard currency as possible into the
hands of Korean officials.

Could it just be that the planned
bailouts could justify a run up in
the price of gold?

Date: Tue Jan 13 1998 18:41
tolerant1 (223 try this for now) ID#31868:
http://www.albertastock.com/public/tnx.html

Date: Tue Jan 13 1998 18:40
STUDIO.R (@LGB...) ID#93232:
That was a wonderful post about your investment system. Thanks for sharing that with us, I took notes.

Now...after you have bought a few more of those sexy Saints...would you please fill up Mom's car, the kids' cars and the lawn mower. The double whammy of both gold and oil dropping has been like...catching hot falling knives with hands of butter. Swish!

And as always...we do appreciate your business!

Date: Tue Jan 13 1998 18:37
Miro (Is it up from here? Not for me (yet)!) ID#347457:
I hear a lot of cheering today. Bottom is in ... gold stox going up, leading the way ... Lets go and make some money ...

Not for me, I am not ( yet ) convinced. We had these sucker rallies before and I need more established trend that one day spike. I'd like to see $US go down more than it did, as well as more stability in Asia than one day up- swing. If the trend has changed, we are in for a good rally and waiting on a sideline for a few days ( or weeks ) will be just a small price to pay for avoiding another disappointment ( and monetary loss ) . JMHO


Date: Tue Jan 13 1998 18:35
JTF (Gold rally? Too soon! We just bottomed out on the last attempt up!) ID#57232:
tolerant1: Your posts are quicker than I can think!

Cyclist: I think you are right about the current gold rally. Gold/goldstocks are still in a intermediate term bear ( or just bottoming ) , and when they have gone up they tend to go up for about a month, and settle down for several months before the next rally attempt. Unfortunately we just had a rally attempt fail a few days ago, so all of this may be a premature flash in the pan as they say. Now - - silver I am not so sure. All depends on whether investors honestly believe an international lawsuit will smoke out all of the hidden stockpiled silver. I doubt any skilled international silver investors would believe that the silver corner was over, but then who said the market was always smart? Did I just miss my opportunity to jump into silver again? I don't know!

Date: Tue Jan 13 1998 18:33
223 (Tolerant1 re CTNX) ID#26669:
http://www.stockmaster.com/sm/g/C/C:TNX.html Hmmm... thinly traded Canadian issue, but I can't find any corporate info yet... I'll have to look it up further. You don't have a company URL do you?

Date: Tue Jan 13 1998 18:33
Spock (Kitco Jammed) ID#210114:
What is the gold andd silver closing price in New York Kitco seems to be jammed at 12:59pm.

Date: Tue Jan 13 1998 18:32
chas (Another Bretton Woods?) ID#333447:
Tolerant1: I wonder what kin it might be to the EMU

Date: Tue Jan 13 1998 18:32
farfel (@LGB...YOUR 13:00 POST IS PREPOSTEROUs (and it's wrong too)) ID#28585:
If gold is genuinely moving into a sustained uptrend at this point, then it has nothing to do with strength in the overall equities market. Rather it would be owing to market acknowledgement that gold has reached an equilibrium bottom and that possible stagflation or U.S. dollar turmoil is on its way.

In other words, gold's strength at this point is simply a future indicator, foreshadowing a substantive equities and bond collapse.

However, other than a few wackos on this forum, nobody is praying for a world melt- down...nor is such a doomsday scenario an imperative condition for gold's strength. Four thousand points off the Dow would not be a world melt- down - - it would be a solid purging of the excessive speculation that has occurred this decade on the part of various greedy financial institutions and individuals.

Date: Tue Jan 13 1998 18:30
fundaMETAList (APH: New Leg) ID#338289:
APH: The new leg is doing fine, thanks, but as it grows longer I'm gonna be walking funny. I'll hang in there assuming we stay above 5.40 and then hold on for the ride. Are you looking to go straight to 5.95 from here or do you expect some kind of correction before we head that way? It looks like today's action finished a wave up.

Date: Tue Jan 13 1998 18:29
Spock (LGB 17:11) ID#210114:
Spot on LGB. Diversify investments. Use your head and not your heart.

Hoping you are right about he $US278 bottom.

Best wishes......

Date: Tue Jan 13 1998 18:28
Pacific Northwest Dave (Tyler Rose-Are you from Tyler Tx?) ID#223187:
This is totally off the subject of gold and silver, but when I saw your name I thought that you must be from Tyler. I lived in Tyler in the early 80's when things were booming. Lived inside the loop on Boldt Ave. Just curious!

Date: Tue Jan 13 1998 18:23
CJS1__A (Ode) ID#329157:
That is not dead
Which can eternal lie,
And with Strange Eons even death may die.
The Great Gold Ones will rule once more
And all paper will be destroyed.

( With apologies to Lovecraft )


Date: Tue Jan 13 1998 18:22
APH (Silver) ID#25588:
FundaMETAList - looks like you got your whole leg back plus an extra foot....to boot! for tomorrow if you want to play the swings sell at 5.95 and wait for a pull back, other wise hold for 7.30 - 7.40.

Date: Tue Jan 13 1998 18:20
Cyclist (rise) ID#339274:
FWIW ...The sharp rise will be a short one.: ) Happy trading

Date: Tue Jan 13 1998 18:19
tolerant1 (JTF) ID#31868:
I agree whole heartedly with the last sentence of your previous post.

Date: Tue Jan 13 1998 18:17
tolerant1 (223) ID#31868:
If you have enough physical to suit your needs I say look at TNX Tan Range. I believe that you will be well rewarded.

Date: Tue Jan 13 1998 18:17
JTF (Henry Kaufmann -- bailout SEAsia, US to reduce interest rates.) ID#57232:
tolerant1: Interesting post. If the Fed follows Henry Kaufmann's advice, and lowers rates, gold would go into a solid rally. I wonder - - just how is AG going to talk down the dollar, bail out SEAsia, and keep from stimulating the US stock markets? Unless the dollar remains the strongest international currency - - things could be real complicated real fast - - since a weakening of the dollar could also precipitate more bond and stock sales by foreign insvestors. Things were alot simpler in the days when we owned most of our assets. Now someone outside the country owns much of them.

I think I'll stick with my day job.

Date: Tue Jan 13 1998 18:10
CJS1__A (Korean gold roundup) ID#329157:
WetGold @ 15:25, kiwi @ 15:14:
This is probably as much a confidence building exercise as anything. The debts are much larger than that raised by the roundup. It costs to refine manufactured jewellery, but how much does it cost to pay back the gift in future paper? Either the citizens are being robbed, or the debt is merely postponed again.

Don't throw away the old bucket until you know whether the new one holds water.

Date: Tue Jan 13 1998 18:09
223 (Still got dry powder!) ID#26669:
Anyone have any more thoughts about how to spend my last thousand of money allotted for PM's? Remembering that this is a taxable account, holding for long term gains. ( I'm too slow and stupid to be a trader. )

Actually its more like $1200 after getting some year end dividends. Some previous recommendations were RYO, ABX, TVX, GGO, METLF, SSRIF, PAASF, Vienna Philharmonic coins, a MS 55+ type 2 dollar and some 1/10 ounce Liberties. But none of these have jumped out to grab me yet.

My own personal favorite buys this year were DROOY and some 14k casting grain I'm hoping to make into a belt buckle...couldn't afford enough to cast into hubcaps for my gas guzzler! ;- ) Oh, nearly forgot, SWC has been good to me too, but I don't know that I'd buy more of any of the three. IMHO


Date: Tue Jan 13 1998 18:09
Clean (Gold bonds of India) ID#333192:
Jung asked a few days ago about India's gold
bonds. These are not traded, as far as I know.
If they were, I expect they would have mostly
tracked the gold price.

Jung asked if they were a winning investment.
In dollar terms, the obvious answer is no, since
gold has gone down a lot in the 5 years since
the bonds were issued. There are, however,
still a couple of months till maturity, so
technically, the jury is still out on that.

Even in Rupee terms, it is a losing investment
so far, despite a 20 percent depreciation of

Indian Rupee against the US dollar over the last
5 years. Of course, this too can change in the
next two months, if the Rupee further
depreciates substantially, or gold does what
most people here are hoping for.

In gold terms, it is a clear gainer, since the
investors get their original gold, plus about 2
percent interest per year. Since a large part
of the investment came from gold that people
were going to hold anyway, they should have no
regrets.

The gold bonds were issued by India in 1993, as
a booster for its hard currency reserves, at a
time when they were low. It was vaguely similar
to the current mobilization of the citizens'
gold by S. Korea, although India's situation was
not desperate, and the minimum investment of
one Kg limited this to the affluent people.

When the gold bonds are redeemed in a couple
of months, I think it will be equivalent to a
sale of gold by Indian CB. Some of the gold
will be sold by the owners, while the rest might
reduce the amount they would otherwise buy.

The amount involved is not very large by global

standards- about a million ounces, I believe.

Date: Tue Jan 13 1998 18:02
Realistic (COMEX DATA) ID#410194:
Here are the latest Comex inventory figures released after trading today:

Gold: Fell 4,514 troy ounces to 468,465

Silver: Fell 149,478 troy ounces to 110,083,474

Date: Tue Jan 13 1998 18:02
tolerant1 (Hmmmmm) ID#31868:
Tuesday January 13, 4:47 pm Eastern Time

Economist Kaufman - global markets need bailout

NEW YORK, Jan 13 ( Reuters ) - The global financial markets are on dangerous footings and a huge bailout is urgently needed to contain the Asian financial contraction, economist Henry Kaufman told the Japan Society of Canada on Tuesday.

``Despite all the handwringing and tough talk, there is unfortunately no alternative to a huge bailout,'' said Kaufman, president of Henry Kaufman & Company, Inc., a New York- based international economic and financial consulting firm. ``Too much politically and economically is at stake.''

Kaufman said against the backdrop of the Asian crisis, the Federal Reserve will probably lower the Federal funds rate.

Whether or not an initial 25 basis point reduction would bolster the equity market in the United States is far from certain, Kaufman said.

``The performance of corporate earnings is likely to be the more decisive factor,'' he said.

Kaufman said big cuts in official U.S. rates are highly unlikely.

With the U.S. economy operating near full employment, cautious easing is more likely even though the current structure of interest rates has built into it an inherent 50- basis- point decline in the funds rate, he said.

Kaufman said in the short run, unless a successful Asian bailout can be put in place, ``it is highly likely that the Japanese financial system would come under renewed scrutiny.

``If so, there is a risk of a credit rupture of such monumental proportions as to shake the very foundations of the world's financial markets,'' he said.

And Kaufman said that until the instabilities that result from large- scale capital movements in a world of globalized, securitized financial markets are realized, ``there is bound to be a recurrence of crisis somewhere else at some point.''

Kaufman said the International Monetary Fund and the World Bank, as presently constituted, cannot effectively meet the challenges of rapidly changing global markets.

Kaufman observed that more than fifty years have passed since those institutions were put in place, with their challenges far different than the ones existing after World War II.

Kaufman said another Bretton Woods- type agreement, which would either substantially overhaul the existing institutions or put new ones in place, is urgently needed.

Bretton Woods, the 1944 international conference held to work out rules for a post- war international monetary system, resulted in the creation of the International Monetary Fund and the World Bank.

Kaufman said the World Bank and IMF, as presently constituted, are at best, awkward financial firefighters.

Kaufman said that even when the IMF is well aware of imbalances threatening a country's stability, it either lacks the leverage or the will to apply it to prod the nation to make policy adjustments.

He said many emerging market nations lack independent central banks and bank supervisory authorities with the mandate and power to confront institutions which are taking on too much risk.

Kaufman said the danger of the current Asian financial crisis is compounded by ``deep- rooted, structural problems in Japan where financial institutions have been seriously impaired since the collapse of the financial bubble of the 1980s.

``The totality of the Asian financial debacle potentially is therefore far greater than the Latin American financial problem of the recent past,'' he said.

Date: Tue Jan 13 1998 18:01
vronsky (http://www.gold-eagle.com/editorials_98/hein011298.html) ID#426220:

TODAY’S HEADLINES: “Lenders are not blameless, say World Bank, IMF”

IT'S THE TRUTH THAT'S BEING DEVALUED

Dr. Paul Hein explains the significant difference between the real devaluation of a currency versus its change in parity with the dollar. It is indeed an interesting distinction - which at least to me - not readily apparent. Dr. Hein uses the rapidly wasting away of the Indonesian rupiah as a perfect example.

Dr. Hein also blames greedy international bankers for the Asian currency chaos - - by overloading the Tiger economies with loan money that could not be put to effective and productive use to generate enough cash flow to pay on- going interest, and eventually loan amortization. Once the hapless country is unable to service burgeoning loans, the IMF is called in to administer the “coup- de- grace” in the form of chokingly stringent economic restrictions.

To read the report, copy & paste ABOVE URL to your Internet call- up window ( Location or “Go To” ) , then hit ENTER.


Date: Tue Jan 13 1998 17:59
Texasgoldpost (tyler rose - refiner in Dallas area) ID#37292:

Try SWEST on Stemmon's freeway- - - ask first bout assay and refining charges before working on your bar.

Date: Tue Jan 13 1998 17:56
RJ (..... Giddyup .....) ID#411259:

Whoa, Nellie on the gold bottom here folks. Seems each and every rally is a lifeline to desperate and drowning souls. The only drawback to drowning, is lack of air, the rest is actually quite comfortable. These friends deserve our support, and in some real sense, our compassion, but they do not deserve to be heard on their cries for a new bottom - we've heard all this before. We will need better than their voices to turn our heads. Look for another announcement of large gold sales and/or leasing to be announced soon. 1997 gold sales have not been completely accounted for yet. I am very near to becoming a buyer on gold, but not yet.

Silver is strong. Silver will fly again, and soon. A retest of the highs is a lock and I think the manipulators will run it to 6.80 - 7.00. They could run it much higher if it wasn't for the squllions of ounces of silver being hoarded throughout the world, some of which has been held 10 years or more. The high $6 range should shake a lot of that silver out. There is no way to estimate the amount of silver being held long term by private investors, but if we get close to $7, expect silver to start coming out of the woodwork. Downside risk it the obvious 5.40 and then 5.25 after that. I think it will hold. The gap was filled and the charts look rosy.

Platinum and palladium: Some of you will recall I called last June for palladium to rise above gold in price. It was an idle muse about seeing something we have never seen, but it is looking increasingly possible if not yet likely. Platinum will have to rise from here. The current problems in Asia seemed to have diverted funds or attention that would normally be directed at platinum. Platinum is $40 too low even now, and still has the potential to rise well beyond $500.


Date: Tue Jan 13 1998 17:49
SDRer__A (Members of the teams are donning identifying dress?) ID#287277:
Letters to the editor: FT, Mon Jan 12, 1998
Why a little inflation can do more than a little harm
From Dr. Helga Hoffman

Sir, the mild inflation advice in Robert Chote's article, A little of what you fancy ( Jan 5 ) , is like what in Brazil has been deservedly called the poisonous pill of Dr. Dornbusch- - because of the MIT economist's recommendation that a little devaluation ( and the ensuring little infalation ) would't harm. Well, see the result of that advice in
south- east Asia.

The problem with the cross- country comparison Mr. Chote reviewed is that it ignores specifics and history in each country. The pursuit of
stablisation policies in Brazil, even at its present inflation level of 4 per cent per year, is not too zealous because inflation was 50 per cent per month just 3 1/2 years ago and inflationary memory has not yet been eradicated from the economy.
Helga Hoffman, Chief
Economic Commission for Latin America and the Caribbean
Santiago, Chile

Date: Tue Jan 13 1998 17:44
Silverbaron (bernatz du ventadorm & LGB) ID#288295:

As one of the new blood on the site, I welcome you back. Your reputation precedes you greatly.

I have found this place to be the most exiting and informative spot on the web, with cartoon characters galore, with persons of unbelievable insight and knowledge, and some ( few ) of unimaginable stupidity. As gold climbs, I predict the mixture will get very much richer.

Note to LGB:

I think our investment philosophies are very much the same: Pragmatism.

Like location, location, location in real estate, it is fundamentals, fundamentals, fundamentals in precious metals that brought me here. The time has come, the bottom is in for silver, platinum, palladium, and now very likely in for gold.

Load up the truck !!

Date: Tue Jan 13 1998 17:41
Tyler Rose (COMEX Delivery) ID#373164:
As I promised, here is the latest update on taking delivery on COMEX gold. I was notified that I had been delivered on on December 26 and the actual date that the value of the gold was debited from my account was December 29. Yesterday, January 12, I received by registered letter, insured a DEPOSITORY OF THE COMMODITY EXCHANGE INC. GOLD RECEIPT. This turns out to be much like a car title. The Certificate says the Gold is held in the account of the first holder after the gold was cast. In this case, JMRI is listed as the Approved Refiner ( don't know who that is ) and the gold is for the account of Merrill Lynch Futures Inc. On the back of the certificate are 24 rectangular numbered boxes containing Date. There are 4 stamped impressions on the back detailing the history of the travel of this certificate. On December 1 the gold was delivered to Merrill Lynch futures and subsequently delivered to Prudential Securities, Fimat Futures USA and then to Lind- Waldock. L- W forgot to stamp the back delivering it to me. I have talked to them and they say to mail it back ( all at their expense ) and they will correct their error. Incidentally, the gold turned out to be 104.26 ounces and the amount debited reflected the actual amount of gold rather than the 100 oz of the Comex contract.

I also found out it costs about $7.50 a month to have Republic National Bank store the gold for me. The only problem I have with going ahead and taking physical possession is the possible complications on selling the gold at some time in the future. I am told that if I take it out of the Depository and return it at some future time, the gold will have to be melted down and recast by an Approved Refiner. This is because I could have drilled a hole in the bar, pulled out some gold and replaced it with lead, or some such. In this process, some gold will be lost as a result of it sticking to the sides of the casting form, I suppose. I will try to call some one tomorrow to find out the cost of remelting and certifying the gold and also about how much gold will be lost. Does anyone here at Kitco have any ideas about that? Also, does anyone know the names of precious metals refiners located in the Dallas Texas area?

Thanks for any help, and I will write the final chapter of this saga shortly I hope.

Tyler Rose

Date: Tue Jan 13 1998 17:41
Denton,Tx (LGB) ID#271215:
Loved your last post LGB, not simply because you now like gold but I like to know the reasoning behind it. Keep us informed, I for one appreciate it.

Date: Tue Jan 13 1998 17:34
farfel (@PETE RE: 07:00 COMMENTS...YOU'RE RIGHT...SUNSHINE SET TO SPARKLE...) ID#28585:
Sunshine is an example of one of the most incredible financial resurrections in the mining industry. Most analysts declared the company dead no more than two years ago. It was described as a liquidation long overdue.

Extremely complex negotiations with all the creditors ( incl. bondholders, preferred share group, bankers, etc. ) kept the company alive.
Today, as we are on the verge of a major silver explosion, Sunshine is recognized as one of the most proficient silver companies in the world.

If silver should break over $7.00 an ounce, then Sunshine common should see a tremendous increase on a percentage basis.

P.S. It is Sunshine's brilliant example that leads me to believe there is still hope for Pegasus gold - - whose current situation is analogous to Sunshine's some two or three years ago. Right now, Pegasus is trying to save the company. It is currently negotiating with a multi- member banking syndicate ( some collateralized, others not ) . Obviously, the collateralized members are inclined to foreclose on the company and the non- collateralized members wish it to remain viable. I think the ultimate fate of Pegasus lies in the short- term price of gold. If it rises and shows promise to break above $300, then I think a consensus is achievable in which the company will be allowed to continue ( with some dilution in equity ) . In such a case, the equity should pop upwards quite significantly ( since dilution is already factored into the share price ) .
Conversely, foreclosure would wipe out the common stock. However, before Pegasus allow the banks to foreclose, it most likely will declare bankruptcy in which case the equityholders may still remain protected until the company and its banks finally resolve their differences..

Date: Tue Jan 13 1998 17:31
fundaMETAList (All: Currency Crisis Vs Y2K) ID#338289:
All: Weve been discussing the currency problems in SEAsia on this board a lot. Here's a quote that might put some of the Y2K problems in perspective for you. The full article can be found at http://www.garynorth.com/y2k/detail_.cfm/965.

The year 2000 problem and the domino effect that will be evidenced in supply chain breakdowns will make the currency crisis appear as a mere blip.

It was made by a vice president of a mainframe company, Unisys, so he obviously has something to sell but if you think about it, it makes sense. One of the factors that ought to help the SEAsia economies recover is that we are now even more eager for their exports due to their devalued currencies. Now, what happens if those exports can no longer get out of the country due to widespread computer problems. You ain't seen nothing yet, Baby! Buy silver and gold!

Date: Tue Jan 13 1998 17:27
Avalon (NYSE volume was 647 million shares (124 million in last hour). ) ID#254269:


Date: Tue Jan 13 1998 17:24
Avalon (Dow closed at 7732 (+85 points or 1.12%), S & P 500 up 12.88 or 1.37%, ) ID#254269:
30 yr. bond at 5.704% . I could not access Kitco from 3 to 3.30 pm and then I was in a meeting for the last 45 minutes.

Date: Tue Jan 13 1998 17:22
SDRer__A (Silence of the bears...) ID#287277:
FT Observer Jan 12, 1998

Silence has descended on the usually loquacious analysts at Westerm
investment banks in Tokyo. Many have been told by their employers to make no public comment about which companies are in serious trouble. Some are reluctant even to talk off the record on phone lines that are being recorded.

Japanese government officials have recently started to blame the Nikkei's plunge on the spreading of false rumors about particular stocks, and plan new measures to prevent such speculation. Three US banks have already been questioned and others are nervous about attracting the attention of the authorities.

Nobody has forgotten that in the past in Japan it has been the foreigners who are blamed when there is a crisis, says one analyst- - anonymously.

The government insists that the anti- speculation measures will be aimed at making the market more transparent. If investors understand them correctly, prices will rise, pledged finance minister Hiroshi Mitsuzuka. But the ministry hasn't quite decided what the anti- speculation measures will involve. Observer trusts that, whatever they turn out to be, investors will be able to understand them correctly.

Date: Tue Jan 13 1998 17:18
WetGold (LGB) ID#243180:
This is a classy way in which to define your positions. Hats off to ya'''!


Date: Tue Jan 13 1998 17:11
LGB (@ Allen.....Gold..why I turned bullish) ID#269409:
Au contrair Allen. When I have spoken of Gold’s potential “bottom” here I have always maintained that $280 seemed a reasonable level based on fundamentals such as resistance, and mine closures, and tech analysts take on it.

As to Gold, the “Lurking Gold Bug” moniker has always had a certain meaning. Namely, I like Gold, always have, always will. However, as Karlito so correctly pointed out, those who invest with their emotions imperil their bank accounts, and I have correctly been pointing out that very clear fact ( albeit in annoying and adversarial fashion ) since I arrived at this forum.

You want to make money in markets? Never get wedded to a monolithic investment philosophy. I’ve been consistent in that message all along. A stock maniac? Not me. That’s why I’m OUT of stocks since last summer. However, unlike some folks here, I try and call market events as honestly as I can. Gold and Gold shares have been in a horrific and impoverishing bear market for most of 18 years, culminating in a final blowout the past few weeks.

This final blowout saw Gold reach multi year lows, and Gold shares take the worst yearlong beating imaginable. Midas fund losing 62+% as a record mutual fund loss for the year. The direction for Gold was clear back in 1981. That’s when I last finished trading in the yellow, Selling the last of my “Rands and Maples” of the day, having made some money around $680 and lost a little around $580. I never touched the yellow again prior to the purchase of a few “Saints” three months ago.

Stocks on the other hand, which is where I’ve been this past 17 years, have performed WAY beyond even my highest hopes. Again, I went into them based on potential, and market conditions, Luck, intuition, analysis, whatever. It got me here, and I bailed at what I believe was close to the top for awhile.

Maybe it’s annoying for a Goldbug “basher” to suddenly turn bullish, but this is how I will ALWAYS conduct my investment strategy. According to my take on the future direction of the markets, with no thought to “loyalty” toward any particular investment vehicle or economic world view. ( Though as you know, I’;m very long term bullish on the U.S. economy, though it’ll lose some luster in the months ahead ) .

In life and love Allen, I’m an extremely loyal and faithful family man to my wife and children. In investments, I’m as adulterous and unfaithful an investor as you’ll ever find. I’ll embrace Gold now as I believe we are now finally on the verge of a bullish era for the yellow. I’ll drop it like a hollywood spouse when I believe that era has come to an end. Same with stocks or any other investment.

Nothing in my message on this forum has changed one iota. Not all will be happy having such an unfaithful bedfellow joining the GoldCamp for all the “wrong” reasons, but here I am. I invest to make money. Not out of some stubbornly cynical world view. It is my belief, that when I retire, I’ll have a lot more Gold, cash, stock, soybeans, whatever...than I would have ever dreamed of having if I’d been a “faithful” adherent to some narrow, unyielding, absolutest, investment views, be they paper OR metal related.

Why am I bullish now? I liked George Cole’s take on the markets but felt he was premature. A lot of cycle theory is nonsense but I believe we’re at the end of this one. $280 has proven to be an excellent supprt level at a time when mainstream analyst Gold sentiment has reached an all time low. The final climactic blowoff has come as I mentioned above. Stocks have little to propel them upward in the months ahead, and investors will look for alternatives if their equities drop and metals start to rise. Even if they start in the mining shares at first.

The FED will pump up the money machine to stave off Asian based recession/deflation. The coming drop in corporate profits, coupled with increasing money supply will give us stagflation. Good for Gold. We’ve had the most sustained and healthy economic expansion in history. The stock market has already reacted ( and with a little overexuberance ) to all the good economic news we’ve seen, day after day, for years running. There’s little “good news” potential left. Little room for profit/productivity/job growth. Plaenty of room for bad. The risk/reward ratio for stocks is not what it was 3 years ago, or 2, or 1. That’s why I bailed last summer.

The huge move up for Gold mining shares today, in the face of a very modest 1.5% rise in Gold’s price, still close to it’s bottom is the final trigger for me.

The above is simplistic, it doesn’t account for perhaps 50% of what goes into my investment strategy and my belief that the time has come. The rest are factors I can’t articulate well without sounding like Sheller or Cherokee......issues like the approaching millenium, gut level instinct, investor intuition that has seldom failed me. Factors I’ve picked up on thir forum and elsewhere are in the mix also. I’m not a fan of “Another”, but I believe we’ll see a middle East crises leading to higher Gold/Oil prices in the next 2 years. I’ve also factored in even a “secret weapon” of predictive knowledge which I simply can’t reveal here. I know that sounds like mysteriously dramatic Bullshit ..but it’s something genuine that I can’t talk about on this forum. ( OK you can all make fun now of the “Skeptical” scientist, revealing his inner spiritual / intuitive investor side )

The worm has turned. ......The Moon is full.... ( hehehe, my only satirical comment left )

Now let’s go out and make some dough........

Date: Tue Jan 13 1998 16:10
Eldorado (@the scene) ID#213265:
Jack - - Yup, but you STILL need the metal fabricated into the coin or paper. Just try to counterfeit that! You have to understand. There has NEVER been a government on earth that has maintained honest currency. Fine. Take the whole honesty 'business' away from them and put into the populations hands! Once the honesty question on currency is out of their hands, that'll eliminate a whole lot of other problems up front. Then we all can concentrate on the few that are left.

Date: Tue Jan 13 1998 16:09
WetGold (Lan Man) ID#243180:
You are kidding - right ?

I'm sure you understand and have heard ( ad inifinitum ) re: the Roosevelt ( FDR ) confiscation and how willing Americans were in bringing in family heirlooms, bullion, etc to the coffers of the Federal Reserve.

As a student of history I am not surprised. It is disconcerting that it occurs and would not personally partake in the process BUT it does happen. ( cf: Mackay's ... Delusions and madness of crowds )

Date: Tue Jan 13 1998 16:07
mozel (Jack) ID#153102:
If you are willing to take a check, Jack, that is your affair. Personally, I prefer to be paid cash money.

In the first Coinage Act of the United States, the dollar was stated to be so many ounces of silver of such and such fineness. The only way to devalue such money is to debase it by cheating on the weight or on the fineness. The penalty in that Act of Congress for debasing of money by an officer of the US mint is DEATH. That is why Chase had to print Greenbacks and promise to redeem them in gold to finance the War of Northern Aggression. The bi- metal standard which made America prosperous from the beginning of the Republic was a casualty of financing the War of Northern Aggression with fiat paper currency.

The good witch Glinda was and is the witch of the South.




Date: Tue Jan 13 1998 15:57
Lan Man (@Kiwi posting of S. Koreans) ID#317183:
giving up personal gold holdings for the benefit of the bankers/corps/govments - it's almost impossible for me to believe that they ARE actually doing that! At this stage of the game they deserve whats coming thier way - if they think that after the IMF is done with them, not only will the people not have any gold, but now they can pay higher taxes too, thats if they aren't going to be laid off...

Out of the pan and into the fire.

I am willing to help out though, just sell me a nice Samsung 17 monitor for say $200. ( Current price is still skyhigh - about $549 ) . Dump those harddrives/memory/monitors on the US!!!!

Date: Tue Jan 13 1998 15:32
mozel (Thank You WetGold For This) ID#153102:
I believe both Germany and the US abandoned silver and bi- metallism in the same year, 1870.

Date: Tue Jan 13 1998 13:32
WetGold ( in the Winter 1998 edition of The Wilson Quarterly, page 136 )
ID#243180:
In an article in the Journal of American Studies ( Aug 1997 ) , Gretchen Ritter
writes in ... The Wonderful Wizard of Oz ...:

... The Populists ( 1896 ) bitterly opposed the gold standard - Bryan's famous
Cross of Gold - and favored a silver standard to case the flow of money and
credit in rural America. 'Oz is an abbreviation for ounces, one measure of the
worth of gold and silver bullion', Ritter points out. 'In the land of Oz, gold and
silver are often the arbiters of power'. In Oz, a brick road the color of gold leads
to the Emerald City. Ruled by the Wizard of Oz, who turns out to be a fraud, the
Emerald City, Ritter notes, 'is made out to be a place of illusions where deception
and aloof behavior provide the basis for authority'.

In the book, Dorothy dons silver slippers ( not ruby ones, as in the movie ) that
had belonged to the Wicked Witch of the East. When she travels in them along
the yellow brick road to the Emerald City, Ritter says, she is in effect practising
the bimetallism ( a standard that mixes gold and silver ) favored by some
reformers.

Only at the book's end does Glinda, the Good Witch of the South, reveal to
Dorothy that the slippers 'can carry you anyplace in the world in three steps'. With
this knowledge, Dorothy is able to return to Kansas. On the trip, however, she
loses the slippers. 'The mysterious power of silver has disappeared before it was
ever broadly tested', writes Ritter. Just as the hidden meaning of Baum's tale was
lost by the time Hollywood put it on the big screen in 1939.

Date: Tue Jan 13 1998 15:25
WetGold (kiwi @ 15:14) ID#243180:
Wouldn't the government make at least a 25% mark- up if they sold the already made products to Christies OR Sotheby's auction house ?


Date: Tue Jan 13 1998 15:14
Jack (Eldorado and Mozel) ID#252127:

Eldorado; currencies with a face value in ounces is a good idea; competitive devaluations would be near impossible and each country would have to be at its best.
Mozel; we would need a group of bird dogs to insure that the amount of paper in circulation doesn't exceed the real backing au& ag. Greenspan's knowledge and as layed out in the stated case - no money brokers- would be positive.

Date: Tue Jan 13 1998 15:14
kiwi (Hand over the loot we won the economic war...) ID#194311:
S.Korea gold campaign mum on details
SEOUL, Jan. 13 ( UPI ) - - The success of South Korea's high- profile
campaign to collect gold from citizens and export it for scarce foreign
currency has organizers suddenly secretive, fearful of hurting gold
prices.
With the first ton melted into gold bars and set for export
Wednesday, organizers are refusing to say how much bullion has been
collected or where it will be exported.
A spokesman for Daewoo Corp., one of the campaign organizers, told United Press International, ``We cannot tell the press exactly how much gold we have collected so far because it could have a drastic effect on the international gold market.''
Gold exported and sold for U.S. dollars is intended to raise currency to be deposited into donors' dollar- denominated accounts.
The plan is designed to boost the foreign currency holdings of South Korea's banks.

Gold keeps pouring in as South Koreans sacrifice treasures
office workers sacrificed graduation gifts to help the country out
of its financial crisis.
Long lines of people from all walks of life formed outside banks
and other collection points as people turned in gold wedding rings,
lucky charms and sports trophies, witnesses and television reports
showed.
Some gave a single simple ring, others prized golden tortoises
- - symbols of long life - - and many donated gold luck keys - - a
traditional present on the opening of a new business or a 60th
birthday.
Daewoo Corporation said it was collecting an average of 6.7
tonnes of gold a day.
Housing Bank, which is the focus of the collection, said its
daily collections were averaging 6.7 tonnes, and that its target was
200 tonnes which it hopes will bring in two billion dollars.

Date: Tue Jan 13 1998 15:08
Robh__A (Vronsky charts) ID#407135:
Thanks for the gold- eagle charts. I haven't been to your site for a while and had forgotten about it. The new futures charts are also good.

Date: Tue Jan 13 1998 15:02
Jack (Eldorado and Mozel) ID#252127:

Eldorado; currencies with a face value in ounces is a good idea; competitive devaluations would be near impossible and each country would have to be at its best.
Mozel; we would need a group of bird dogs to insure that the amount of paper in circulation doesn't exceed the real backing au& ag. Greenspan's knowledge and as layed out in the stated case - no money brokers- would be positive.

Date: Tue Jan 13 1998 15:02
Tortfeasor (Thanks jc) ID#36965:
Thanks a lot of the URL. I was going there but the commodities things was hidden just off my screen. I've got it now and am back in the loop. Thanks again.

Date: Tue Jan 13 1998 15:00
kiwi (Rupee about to go loopy....will they have to hand over gold too?) ID#194311:
Why did Korea suddenly stabilise and IMF etc start applauding when they begin handing over gold ( directly to IMF no doubt ) , all not so long after George Sorrows chats with the new president.

What the Aians don't understand yet is that the Western paper game is based on a relatively small amount of gold.

Handing over 200 tons of gold is worth perhaps 5- 8 times more than handing over dollars at the same market value. I say this because a bank can make loans to this tune against gold in the vault, eg IMF.

This whole crisis is a power play engineered by the West to curb gold and weaponery accumulation by the emerging nations, why else is the US gunman Cohen urging Indonesia to toe the line...backed up with pleas from the IMF......stinks to high heaven like colonialism to me.

Date: Tue Jan 13 1998 14:59
Avalon (Early Dow update' One hour to go and it's at 7701 (+ 54), volume 523 million.) ID#254269:


Date: Tue Jan 13 1998 14:58
Allen(USA) (LGB) ID#246224:
Man, you are such a smoother. You have *to* been talking about gold - 'down'. And lambasting everyone here who has called a bottom, even here ( at this price ) . But now your calling it here as well. Ok, ok. We're all riding up together. That should put us into a good enough mood.

What, IYHO, has 'decided you' at this point? Give, bro!

Date: Tue Jan 13 1998 14:51
WetGold (http://www.quote.com/news/recent/nbr/nbr0112.html#STORY3) ID#243180:
Check it out below OR Vronsky style above:

Gold Mining Loses Its Shine

LINDA O'BRYON: Well, Paul, there isn't much glitter in the gold mining industry these days. The price of gold nose dived last year as central banks sold off, reaching an 18- year low last month. And as Jennifer Arterburn explains, the problems are hitting hard in Nevada.

JENNIFER ARTERBURN, NIGHTLY BUSINESS REPORT, CORRESPONDENT: More than 2/3 of U.S. gold production comes from Nevada. Here the price of gold has mining companies looking at ways to economize.

RUSS FIELDS, PRESIDENT, NEVADA MINING ASSOCIATION: Everybody is focused on costs right now, trying to reduce costs.

ARTERBURN: That means cutting back on exploration, capital expenses and trying to reduce the cost of production.

BRIAN KENNEDY, PRESIDENT & CEO, MERIDIAN GOLD: Our particular production's about $225 now. So yes, as we see the price closing into that cost level, it gives us all a concern.

ARTERBURN: About a half of the world's mines become unprofitable at the $285 an ounce level. The price drop has forced shutdowns in South Africa and Australia, the number one and two producers.

JOHN DOBRA, DIRECTOR, NATURAL RESOURCE INDUSTRY INSTITUTE: They have very high cost in the 200- over $290 an ounce cash cost.

ARTERBURN: In the U.S., the world's third largest gold producer, the average cost of production is $240 per ounce. Despite the benefits of low production cost, analysts say in the past three years many of the North American mining companies have increased their operating expenses by taking on debt.

DAVID CHRISTENSEN, ANALYST MERRIL LYNCH: Those companies which have large debt loads on their balance sheet are more sensitive than they would normally appear just from looking at their normal production costs.

ARTERBURN: Some companies, like Toronto- based Barrick Gold ( NYSE:ABX ) have hedged against the drop in prices by pre- selling their gold.

MICHAEL BROWN, VICE PRESIDENT PUBLIC AFFAIRS, BARRICK GOLD: We've actually pre- sold it two or three years in advance so that we kind of know what the price is going to be. And fortunately we locked those prices in before the current dip in gold prices.

ARTERBURN: The decline in gold prices has led to a drop in the price of mining company stocks and scattered layoffs. In addition, some in the industry are now finding it cheaper to acquire gold by buying other mining companies rather than digging. What does the future hold for gold? Experts say they expect to see output decline in countries with high production cost. That lessening in supply may help increase demand. As for the central banks, they hold seven year's worth of production in their vaults. But as one expert reasons, the banks are unlike to sell their reserves at gold's current lackluster price. Jennifer Arterburn, NIGHTLY BUSINESS REPORT, Las Vegas.


Date: Tue Jan 13 1998 14:50
larryn__A (bottom's in) ID#316232:
I congratulate LURKER777 for signaling the bottom as I find myself agreeing with LGB. It aint going much lower than this. Actually, I think we've seen it.

Date: Tue Jan 13 1998 14:40
Stalder (@A.Goose) ID#289382:
Yehaawwwww. Thanks for the update.

Date: Tue Jan 13 1998 14:37
Eldorado (@the scene) ID#213265:
EB - - How 'bout dat Platinum! Finally!

Date: Tue Jan 13 1998 14:32
A.Goose () ID#20137:
Since Kitoc isn't updating ( the ice storm and cold is giving them a tough time )




Sym. Company Name Last Change % Chg High Low Vol.
GC G8 Feb. Gold 2832 +43 +1.5 2837 2775 26.8K
SI H8 March Silver 5655 +180 +3.3 5670 5385 20.2K
HG H8 March High Grade Copper 7720 +240 +3.2 7770 7480 5.96K
PL J8 April Platinum 3667 +51 +1.4 3667 3562 659
PA H8 March Palladium 23640 +1200 +5.3 23640 22900 436


Look at that Palladium ( WOW! ) .

Date: Tue Jan 13 1998 14:31
cherokee__A (@-------quit-it!!) ID#344308:

lgbito- - - - - you did'nt have to roll over!!!!

Date: Tue Jan 13 1998 14:29
LGB (@ Gold shares leading also..... the worm has turned) ID#269409:
ABX and Homestake both up 8% + As commented earlier re Silver, the shares may lead the metal in this case. This is the most decisive move I've seen, especially considering Gold has barely budged today overall.

I've commented on Gold very little here, concentrating primarily on SIlver and the stock market/economy debates. At this point however, I'm going to stick my neck out ( for an LGB anyway )

Based on all we know about the best prospects for next few months re economic direction, stagflation, falling DOW, falling corporate profits, Asian crises, etc. we will not have a crash.

However, Gold's bottom is now in, and a new bull in Gold will be emerging shortly. Gold's resistance at $278- 280, mine closures, shares beaten to the lowest level in years, and now this huge explosive move upward are telling the story. I now for the first time on this forum, pronounce my own investment strategy as bullish on Gold..and I'll be making some share and physical moves accordingly.

Date: Tue Jan 13 1998 14:27
James (Goose@the bird of paradise 11:36) ID#252150:
Love your analogy: If the elaphant starts looking sick, the bird will soon leave. Maybe the golden bird of paradise will fly up Allan Greenspan's nose.

Date: Tue Jan 13 1998 14:25
cherokee__A (@------quick-to-jump---with-out-any-plans-for-a-landing) ID#344308:

realistic- - - - -

markets go up, sideways, and down.......while trending,
all these take place time and time again.......

picking a bottom or top is MUCH more difficult than
- - - - being- a- friend- of- the- trend- - - - -

fishing with options......can create great wealth.....especially
when contrarially opined.......as are mine......

what is the risk for an option? premium+brokers fee......what is the
possible reward? 6 figure+++ IF you are in position......

how do you get in position? you take the first step......position
your- self.......life is a risk......what is paper money? a risky
proposition in and of itself.........

just for kicks.....what do you 'see'? got any advice? made ( any )
good calls lately? ............ok....invest in futures? ...ok....

bernatz- - - - what happend to your accent? hiked any skirts lately?
- - - welcome back......with an attitude too! okbm

cnbc- - - - - guest technical analyst showed dow to be in a 'diamond'
formation ( recognized in the '30's ) ......this formation indicates
the current trend will continue......as we knew....

cherokee....!;

Date: Tue Jan 13 1998 14:25
Lurker 777 (Another for President.) ID#317247:
RE: ( Today I bought Gold April 98 280 puts of $780.00 and stops at $500. )

It’s official, the Lurker 777 contrarian indicator has a 100% tract record. I know now that I must short the gold market so all Goldbugs big and small can someday play together with the great golden Bull in the green pastures of money. Yes, I HAVE A DREAM.

Date: Tue Jan 13 1998 14:21
Ted (Back for a 'last one') ID#364147:
James ( on the 'other' Island ) CNBC is like 'family' to me....bbl

Date: Tue Jan 13 1998 14:21
Aragorn III (Mozel's posts) ID#212323:
Well done mozel...your posts today should be required reading for all Kitco participants.

Date: Tue Jan 13 1998 14:19
Ted (TO BART) ID#364147:
YOU da MAN- - - read ya LOUD+ clear all the way from Cape Breton Island!! Go gold- - go Kitco.....bbl ( gotta walk the dog ) - - - - EB: Lakers suk ( and Van Axcel's knee is ready ta blow )

Date: Tue Jan 13 1998 14:19
James (Ted@stop trashing CNBC) ID#252150:
They're joining our side. Even they don't believe the fed's low inflation numbers. They just reported their power lunch cost of living index for Dec @ 4.12% .

Date: Tue Jan 13 1998 14:19
Ted (TO BART) ID#364147:
YOU da MAN- - - read ya LOUD+ clear all the way from Cape Breton Island!! Go gold- - go Kitco.....bbl ( gotta walk the dog ) - - - - EB: Lakers suk ( and Van Axcel's knee is ready ta blow )

Date: Tue Jan 13 1998 14:18
snowbird (D.A.& R.J. Please come back) ID#285392:
Your valuable contributions to the group are sorely missed. In particular your advice and wisdom regarding silver would be extremly valuable at this time. It is hard to keep the faith without your support. Thanks!

Date: Tue Jan 13 1998 14:14
Bestobe (quake) ID#261157:
Monday January 12, 11:53 am Eastern Time

Quake does not affect Chilean mines' production

SANTIAGO, Jan 12 ( Reuters ) - An earthquake that shook northern and central Chile Monday
morning did not disrupt production at key mines, mine officials said.

The quake had a magnitude of 6.3 on the Richter scale and its epicenter was located in the sea
42 miles ( 70 kilometers ) west of the coastal town of Tongoy, which is about 280 miles ( 470 kms )
north of the capital of Santiago.

The quake hit an important mining region.

Production at the Los Pelambres copper project, which is controlled by the Luksic family group,
was normal, a mine official said.

The El Indio and Tambo gold complex, which Canada'a Barrick Gold ( NYSE:ABX - news )
controls, was also unaffected, a mine source said.


Date: Tue Jan 13 1998 14:14
Allen(USA) (Welcome back Bernie) ID#246224:
Well, at least we have kept up your level of arrogance in your absence. Now let's mix it up a bit, Bernie. You have been gone to long. BTW which is more odious; arrogance, conceit, pride, hautiness, vitrol, or mispselling? Anyway, glad your back:- )

'Bottom', you say?

Date: Tue Jan 13 1998 14:14
Ted (Miro...........and good postal 'SCAM' but-----------------) ID#364147:
Canada Post workers wouldn't have the ambition to do even 'that'- - - - - - - - - - - ( parasites of Socialism...eh )

Date: Tue Jan 13 1998 14:11
tolerant1 (bernatz) ID#31868:
Since I believe that all money of any kind allows each of us to fund our emotions, I say o'tay. gulp, a shot of tequila to ya.

Go Gold!

Dow who?

Truly the skewed should be able to laugh along with the skewer. So be it.

Date: Tue Jan 13 1998 14:11
Eldorado (@the scene) ID#213265:
Also thought it was time for the S& P to get off its butt earlier. Man, but it MUST have a lot of resistance there! Just let it pop up through it though. I could expect that if it doesn't do it today, it might open WAY up in the A:M, Maybe just right for a sell! Once again, we'll see.

Cocoa closed before it could make it all the way down. Another morning market no doubt.

Gold up 5 bucks; silver up 20 cents. A nice day indeed!

Date: Tue Jan 13 1998 14:11
vronsky (http://www.gold-eagle.com/intra-day.html) ID#427357:
GOLD STOCKS as represented by the XAU are up 8% . That's one big jump for just a day with still almost two hours before closing. To see the Intra- Day charts, copy and paste the URL above to your Internet Location or Go To Window, and click ENTER.

Date: Tue Jan 13 1998 14:10
James (Murrstein 0749) ID#252150:
You really should think risk/reward. There may be some downside left, but unless a lot of smart people are totally out to lunch, the reward far outweighs the risk at this point. Think of au as just a commodity. We are getting close to the production costs. I don't like open ended mutual funds because when au finally takes off & the retail investors climb on board the mgrs have to keep investing at higher & higher prices. I don't think you could go wrong with ABX. They have sold fwd @ 420 for next 2 years. Meanwhile they are cherry picking the good juniors & doing deals almost weekly.

Date: Tue Jan 13 1998 14:08
Realistic (Exageration) ID#410194:
Several traders got a dose of reality today: markets can not keep moving down just because of the almost unanimous deflationary talks that have started to be exagerated anyway. When too many analysts and so called specialists are having the same speech, it's always time too look at some opposite views.

What if the worst of the Asian troubles are behind us?

What if there will now be a slow, subtle and steady improvement over there?

What if all of the past and even future asian anxieties have now been factored into the markets?

Let's never forget to consider all of the possible scenarios!

And the odds also favor some recovery in Gold prices along with a recovery in the Asian equity markets!

Date: Tue Jan 13 1998 14:07
tsclaw (@ ISURE) ID#318118:
Go to YAHOO, search for GOLD MINES IN BUSINESS NEWS. A Reuters
story on the earth quake is covered there.

Date: Tue Jan 13 1998 14:03
bernatz du ventadorm (tolerant1, I would believe anything) ID#212132:
Just drop the part about the Dow.
Gold is going up, compadres.
Let us all forge a new friendship,
cemented by our love of making money.


Date: Tue Jan 13 1998 14:03
OLD GOLD ($278) ID#238295:
Another: If $278 was indeed the low, I will happily retract my caustic comments.

Date: Tue Jan 13 1998 14:02
Strad Master (Suharto and the IMF) ID#250297:
Front page article in the LA Times today:
( Headline ) Indonesia Ready to Adopt Economic Reforms, IMF Says

Under intense international pressure to put its economic house in order, Indonesia declared Monday that it is finaly prepared to begin making sweeping economic reforms prescribed by the IMF to stabilize its currency and stock markets.
After a two hour meeting with President Suharto, Stanley Fischer the IMFs second- highest ranking official, told reproters that the Indonesian leader didn't leave any doubt in the session that he was willing to get behind the [IMF plan] and go beyond what had been agreed [on] in the original program.
Fischer said he hoped to have the broad outlines of the new Indonesian plan with specifics that Suharto intends to adopt, worked out in time to show Michel Camdessus, the IMF managing director, who meets with Suharto on Thursday.
Deputy U.S. Treasury Secretary Lawrence H. Summers, who early today also met with Suharto, added the United States' endorsement to the Indonesian turnaround.
It is clear that President Suharto recognizes the need to take strong steps of the kind that have been under discussion in the IMF to create confidence and to build on the foundation for prosperity that Indonesia enjoys, Summers said.
Fischers's disclosure was a major breakthrough in the U.S. and Western efforts to prod Suharto - who aparently has come to see just how much he and his country have to lose - into complying with the IMF demands.

etc. etc. etc. I wonder if t was a 9mm or a 357 magnum that made him suddenly see the light?

Date: Tue Jan 13 1998 14:02
Miro (@Ted and postal workers) ID#347457:
Ted, looks like they did not send it through West Virginia. USPS does it right in that state ;- ) See the following:

A `Special' Delivery in W. Virginia

Postal Employees Cheat To Beat Rating System

By Bill McAllister

Washington Post Staff Writer

Saturday, January 10, 1998; Page A01

Since 1990, it has been one of the U.S. Postal Service's most

revered statistical measures - - the key index for how well the

agency delivers the mail. Every week, the accounting firm of

Price Waterhouse sends mail to selected households across the

country to determine how quickly individual post offices deliver

the mail.

But last month, postal officials discovered that West Virginia

postal employees had figured out a way to make themselves

look good: With inside information on where the test letters

were being sent, they organized an elaborate system to speed

the test letters to their destinations.

In this instance, no expense was spared to make sure the mail

got through - - the postal employees hired Kelly girls from a

temporary help firm to pick out the test letters from the bags of

incoming mail.

Their aim: to show postal service higher- ups in Washington that

West Virginia had one of the best mail systems in the nation.

That would entitle the West Virginians to good job ratings and

big bonuses. As improbable as the scheme was, postal officials

say it worked for months - - until recently.

This week, postal officials in Washington acknowledged that

11 postal supervisors - - including Appalachian District

Manager Diarmuid Dunne and Charleston Postmaster Rick

Esslinger - - have been suspended in what postal spokesmen

describe as the first suspected case of widespread cheating on

the U.S. Postal Service's external first- class measurement

system.

.........


Date: Tue Jan 13 1998 13:59
tolerant1 (bernatz) ID#31868:
Welcome back. Would you believe December 15th, 1998?

Date: Tue Jan 13 1998 13:58
cherokee__A (@------whoa-there-japan-----------) ID#344308:

geoffs- - - -

$1.50 for silver- - - $7500.00

$10.00 for gold- - - - $7500.00

i heard comex may go to 'no limit' in the future.....

looking at the grains again....the big boys could quite possibly
be looking to eliminate the weak shorts before taking it much
lower.......most surely there were many shorts taken out today.....

japan banks looking to have at least 800 BILLION in bad loans.......

that is over 15% over their out- standing loans.......it will
actually be closer to 1.5 TRILLION........consider how secretive
the japanese are.....how they slowly, ever so slowly, release
bad information.......

this 800 BILLION number is their number..........look for it
to be the tip of the ice- berg.......just as korea's numbers
were cooked..........as all the numbers are being cooked......
the 10% observable land mass of an ice- berg creates a false
dangerous impression relative to actuality.....the same pertains
to the numbers being released......the other 60% to 90% is hidden....

beware the truth........it will be un- believable!!!!!!

the us taxpayer cannot prevent what has been 60+ years in the
making.......the money has been flowing to other parts of the
world for too long..........it is too late to stop that which should
never have started moving..........the un- stoppable force.....

cherokee!;.....cooking- the- cookers- of- the- truth- - -




Date: Tue Jan 13 1998 13:57
Allen(USA) (IMHO re: Dollar Crisis & Default) ID#246224:
The scenario in which a US$ crisis leads to default is SO cataclysmic in nature that even I have trouble contemplating it. ( Please LGB, no snide comments here. ) All US obligations in US$ would be trashed. We would be talking a complete breakdown of the political process & a series of debt defaults in the commercial sector which would be intractible. Basicly you would be looking at a situation where the holders of debt instruments felt there was NO FUTURE worth gambling on in the US's ability to recover itself. ( This could happen in a hyper- inflation as well as a hyper- depression. )

In such a scenario the US$ would become a soft currency on par with that of Brazil or Mexico. Of course its all comparative. For this to happen there would need to be an alternative *SYSTEM* which looked much better than the present US$ based system ( or its future prospects ) .

This gives no assurance that such a situation might not arise, or something which resembles it. The extreme nature of such possibilities causes paralysis and so are rejected as a 'possible situation' by most. One thing is for sure ( IMM ) if such a thing were to come about it would be like 'Godzilla' - you could see it coming from a long ways away ( and feel its thundering footsteps ) . There would be tremendous difficulties which would compound on each other for quite a while. ( One might imagine this on the level of a Divine Judgement. ) Even Japan doesn't have that sense about itself after all these years since 1990.

I'm not saying it CAN NOT happen. What I'm saying is that it will not simply appear tommorrow morning and take everyone by surprise. ( surprise - Hi!!! I'm 'Godzilla' - the USA *toast* master. I'm here to decimate your country. Nothing you can do will stop me... First I think I'll eat your economy. Then after that your entire infrastructure.. read that in future addition of USAToday? Nah!

Printing presses? Well, maybe. Who knows!

Date: Tue Jan 13 1998 13:57
Ted (Aurator..................@ least its only money---------------) ID#364147:
eh

Date: Tue Jan 13 1998 13:55
Carl (yield curve. 21 bps from 3 months to 10 yrs as we speak) ID#333131:
Donald or anyone. Do you remember a time when the yield curve inverted when the Fed wasn't tightening? I don't think the Fed will allow this. Are those printing presses I hear?

Date: Tue Jan 13 1998 13:53
xau5 (Gold rally) ID#201131:
Gold will rally when Korea and southeast asia rebounds. The dollar will fall during this stretch and we will all make a lot of bucks soon. ybe

Date: Tue Jan 13 1998 13:53
aurator (mainstream New Zealand early morning news 14/1/98) ID#257148:
National Radio news 07:30
Background music

Brother can you spare a dime

IMF report on failure of NZ miracle and too high current account deficit not looking good for us guys this am. Oops goes the NZ dollar.

keys words:
Crash, Panic, crisis, meltdown, half the world's economy now affected, Deflation

aurataradio

Date: Tue Jan 13 1998 13:50
bernatz du ventadorm (welcome back, everyone) ID#212132:
It is with great sorrow that I relate the terrible news that my brother, Bernatz de Ventadorm, was killed in a rock slide. Having taken a long vacation thanks to my profits last year in the markets, my heart goes out
to everyone who posted at Kitco on the Christmas and New Year's holidays.
Do you people have family? My heart goes out to Tolerant1, not only
because he was so wrong in his predictions for December 15, but because his dollars, not cents call on silver turned out to be cents, not
dollars. My heart goes out to Puetz, who will soon be reduced to predicting a Dow of negative 2000 for anyone to pay him any attention.
My heart goes out to George S. Cole, who had to change his name to
Old Gold because his basing action spent the whole year getting
debased. My heart especially goes out to Bart Kitner, who continues
to improve his site while continuing to attract mostly morons. ( Speaking of which, a big Hello to Lurker777. EB, you were right about his
inability to predict the POG - Lurker777 was the one who defaulted
on his bet to pay me up to $10000 or some such nonsense for every
dollar the POG was below $350 on October 15. )

I was confused by Bart's recent cryptic comment that I was somehow paying
to use his site. Perhaps Bart has taken to drinking since his disastrous call of a gold bottom around $310.

All - I pushed for registration for two reasons. First, so you could
see that you behave like juveniles whether I am present or not, and
demonstrate how you must create enemies, how you must recast even
indifferent participants into enemies, in order to satisfy your paranoid delusions. Look how LGB and Karlito, who both have a lot more knowledge than me and are a lot less inflammatory than I every was, are villified. Look how calls are being made for their banishment.

Mike Sheller has called for everyone to be civil at this site, to frame everything in a positive way. That would be wonderful as long as we were all on equal footing, as long as everyone was being honest. But there
are some real idiots on this site, and there are some people who are
outright mendacious or outright posting for twisted kicks. If I hear one more anecdotal report that there is a shortage of gold because no coins are available at local coin shops ( or even worse, pawn shops ) , I'm going to vomit. As someone who has spent his life looking for items which are truly in short supply, it is laughable that people like this post or that posts like this are even allowed on a legitimate forum.

More importantly, I pushed for registration because too many people
were imitating me, and diluting what I was saying with nonsensical
calls. When the time came for me to tell people Now is the time to
buy gold, now the bottom is in, I wanted it to have an impact.
I wanted it clear that no one besides me was giving this information.

Within 5 dollars and/or 5 weeks, we will never see this gold price again,
or at least for a very long time. The bottom is in. Here is the bottom in gold. If this somehow vindicates Stephen Mooney, who has been telling people to buy gold since $380, if this somehow legitimates George S. Cole, who has been calling a gold bull since Caesar Augustus,
if this somehow glorifies every loser and know- nothing at this site
who has ever said Called my bullion dealer and he said there is
a three- week backlog or The level of animosity at this site is so
high this must indicate a turn- around, or ( my favorite ) Bill Gates
is buying gold from Seattle area dealers or than SO BE IT. Gold
should be an investment ( or a speculation ) without so goddamn much
baggage. I hope that everyone's requirement at this site that in order to buy gold you must hate your country, mistrust everyone authority figure, take guard watch for the upcoming crash, and despise everyone
who has ever made money in something other than gold doesn't put such a weight around it that it flounders for months at these depressed levels.

Date: Tue Jan 13 1998 13:50
Eldorado (@the scene) ID#213265:
Gold now back up 3.90 and silver now up 18 cents. Not tooooooo shabby! On its way to 5.80+ no doubt. Hope to see cocoa make it down to 1520 Mar area. It just broke below 1535 a few minutes ago. Cattle not quite going according to expectations. Really thought it had more 'dive' in it today. Ah well. Maybe it still will, but I'll be there if it breaks any higher.

Date: Tue Jan 13 1998 13:47
Ted (Geoffs----just the sh!t I'll be burying) ID#364147:
The shorefront of Swan's Island is pink granite~~~~~go team gold!! Go ABX ( ya miserable dog.... )

Date: Tue Jan 13 1998 13:45
Ted (Tolerant1.................And Canadian postal workers) ID#364147:
Would luv ta see em start 'wasting' each other~~~~~~~got an X- mas card from Vermont ( 800 miles ) dated 12/5- - - YESTERDAY....wonder what % even 'got through'.....One 'shoot- out' ( ten points ) a week would probably be a bad sign for equities IMNSHO...100 points and the Dow= ZIP

Date: Tue Jan 13 1998 13:41
geoffs (Swan Island) ID#432157:
Is there GOLD on Swan Island

Date: Tue Jan 13 1998 13:37
Ted (@ Friend of Wind) ID#364147:
CherOkee: I luv the wind......

Date: Tue Jan 13 1998 13:37
Isure (Earthquake in Chile) ID#368244:
Does anyone have information on earthquake in Chile,and suspected impact on mines there? Dont seem able to get much informaton fro other sources. Thanks!


Date: Tue Jan 13 1998 13:37
tolerant1 (Hmmmm) ID#31868:
This poor fellow in Japan loses his mind and takes a hostage and lets him go.

How many postal workers in the US are heavily invested in equities. I am going to start the Goin Postal Index as an indicator of how bad the economy is once this baby starts to unravel.

Any suggestions of how to set up the point system out there?

Date: Tue Jan 13 1998 13:35
A.Goose () ID#20137:
Remember the trend is for gold to be battered into the close. It will be interesting to see how that plays out today. Yesterday as per recent tradition, the gold bulls could not hold up to the gold bears in the final hour of the day.

Watch and learn.

Date: Tue Jan 13 1998 13:33
cherokee__A (@-----volatility----everywhere-------as-brokers-would-have-it.....) ID#344308:

flux and chaos are having a field day with their
agenda.....extreme swings in almost every- thing
that man deals with......

why?


for every action, there is an equal and opposite reaction isaac newton

the cycle of life - - - - - expansion and contraction- - - - - - - - it's natural
and predictable.....

a major contraction, with all that implies, is in- bound.....
......look at the '85 - '87 charts for commodities and equities......

look at the last 20 years- - - historically quite a peaceful time.....

nature is a window to the future...open it, feel the breeze.....
it's easy to be a friend- of- the- wind.....

cherokee!;....patiently- awaiting- the- south- bound- grain- train.......



Date: Tue Jan 13 1998 13:32
WetGold (in the Winter 1998 edition of The Wilson Quarterly, page 136) ID#243180:
In an article in the Journal of American Studies ( Aug 1997 ) , Gretchen Ritter writes in ... The Wonderful Wizard of Oz ...:

... The Populists ( 1896 ) bitterly opposed the gold standard - Bryan's famous Cross of Gold - and favored a silver standard to case the flow of money and credit in rural America. 'Oz is an abbreviation for ounces, one measure of the worth of gold and silver bullion', Ritter points out. 'In the land of Oz, gold and silver are often the arbiters of power'. In Oz, a brick road the color of gold leads to the Emerald City. Ruled by the Wizard of Oz, who turns out to be a fraud, the Emerald City, Ritter notes, 'is made out to be a place of illusions where deception and aloof behavior provide the basis for authority'.

In the book, Dorothy dons silver slippers ( not ruby ones, as in the movie ) that had belonged to the Wicked Witch of the East. When she travels in them along the yellow brick road to the Emerald City, Ritter says, she is in effect practising the bimetallism ( a standard that mixes gold and silver ) favored by some reformers.

Only at the book's end does Glinda, the Good Witch of the South, reveal to Dorothy that the slippers 'can carry you anyplace in the world in three steps'. With this knowledge, Dorothy is able to return to Kansas. On the trip, however, she loses the slippers. 'The mysterious power of silver has disappeared before it was ever broadly tested', writes Ritter. Just as the hidden meaning of Baum's tale was lost by the time Hollywood put it on the big screen in 1939.


Date: Tue Jan 13 1998 13:32
Ted (Allen...................and the point) ID#364147:
Yeah bro- - - that's me ( the one with the goofy- grin ) with a load of SAWMILL lumber ( a 'native' house ) - - - Post + beam construction....8x10's; 8x8's ect ect...Am hiring the Swan's Island ferry ( 600 bucks ) and should be able to get the entire house 'out there' in TWO trips ( 1200$ ) ...will be alotta swearin goin on~~~~~~~~before this 'project' is done....

Date: Tue Jan 13 1998 13:28
oris (@EB) ID#238422:
Like I said, I was just curious...

Anyway, best luck to you with you code name

and EB YOU too, my friend...

Date: Tue Jan 13 1998 13:27
geoffs (GO GOLD GOLD PLEASE) ID#424187:

WHAT IS THE LIMIT FOR GOLD

Date: Tue Jan 13 1998 13:26
Ted (Make that Goodrich) ID#364147:
duh~~~~~~~~~~

Date: Tue Jan 13 1998 13:26
Allen(USA) (@Ted&thePoint) ID#246224:
Thought I could see ya waving from the ferry. Big toothy grin, etc ( also boat load of construction supplies ) . How ya gonna get the materials there? Oh, yeah, the kyak. I forgot. No wonder yer so into that. Gettin ready to tote yer boards, eh?!!

Date: Tue Jan 13 1998 13:25
Ted (WetGold..........................and R.E. prices) ID#364147:
Location- location- location...The current prices vary from area to area but on Swan's Island the prices are about mid- range from pre- boom- - boom ( and BUST ) ..
Got a steal on our property as it wasn't even a divided lot when we 'found' it last June...Just getting formally surveyed now....The Rockefellers- Goodyears keep the prices up on S.I.

Date: Tue Jan 13 1998 13:25
vronsky (http://www.gold-eagle.com/editorials_98/dines010798.html) ID#427357:

JAMES DINES LATEST ON CURRENCIES

HOW WILL ASIA'S CRASH AFFECT US?

“The 1929- like crash in Asia is causing misery on a biblical scale, threatening the solvency of banks, stockbrokers, margin calls undermining investors, while the crackpots running the central banks raise taxes and interest rates, wreaking havoc on the middle class and poor.”

“If all nations printed paper money at different rates, how could there possibly be stability?”

“Over the millennia, gold has been the traditional receptacle for Mass Fear, along with silver and perhaps platinum. On a spike there is no telling how high gold might go when so many try to buy at the same time, like a herd of elephants trying to get through a revolving door at the same time.”

To read the report, copy and paste ABOVE URL to your Internet call- up window ( Location or “Go To” ) , then hit ENTER.



Date: Tue Jan 13 1998 13:24
LGB (@ Gold...what moves it higher) ID#269409:
Gold is once again moving in tandem with the stock market as it has done so often of late. Kitcoites ought to stop rooting for the collapse of civilization as we know it, and start thinking about a resurgence of inflation along with declining corporate profits as the trigger that may ultimately push Gold higher. If AG boosts money supply to stave off deflationary pressure, something he has indicated he's willing to do, and if U.S. corporate profits ( and hence the DOW ) fall in 98 due to Asian crises, a likely possibility even given the strength of U.S. economy, then we could very well see falling yields on Equities, little or no share appreciation in the broad market, rekindling of higher inflation by thrid quarter or so, and a consequent move into Gold by those who have been wedded to the 20% ++ gains in stocks over the past 3 years.

Just a possible scenario, that seems reasonable. Quit rootin for that total meltdown folks, it isn't going to happen, and even if it did, your Gold wouldn't be worth any more than it is now for trade. Intervention would take place long before paper became worthless as a monetary tool for trade. Only hope for Gold, is stagflation.

Date: Tue Jan 13 1998 13:22
nomercy (Dave in CO) ID#390214:
Exactly ( the CONfidence play in US $, is playing out big time ) .

Date: Tue Jan 13 1998 13:08
WetGold (Real Estate) ID#243180:
TED: Always interested in R.E. values - - - how do current prices compare to those before the early 80's boom ?

Date: Tue Jan 13 1998 13:06
Bestobe (gold) ID#261157:
What’s going up? Gold just jumped to 281.5 $/oz.

Date: Tue Jan 13 1998 13:05
fundaMETAList (Dave in CO: FBI Sniper Trial) ID#338289:
Dave: I agree on the acquittal thing but if it's a jury trial those are gonna be 12 Idaho citizens sitting on that jury. If the acquittal goes down as you suspect it's probably bad news short term and good news long term cuz I hope it will piss the hell out of the states. It's probably the states that have to put this Fed gov monster back in it's box.

Date: Tue Jan 13 1998 13:03
Ted (CherOkee....................) ID#364147:
small world.....ain't it~~~~~~~~

Date: Tue Jan 13 1998 13:02
cherokee__A (@------me-too!!!!!) ID#344308:

don't you just hate it when markets do exactly the
opposite what they 'should?'

grains up big this morning- - - - - - mere speculation...imo...
the export numbers and deflation will write the final
chapters......90 days left on the puts....time to buy
more at a better strike........use your own mind; i've
used mine, and bought tickets to a party that may never
occur.........we shall see.......export numbers out thur...
gotta find that tux.......

Date: Tue Jan 13 1998 13:02
Ted (@ MY NEW HOME(with headphones tightly strapped on)) ID#364147:
http://www.acadia.net/bchre/map.html : Am on the East side of the island about 3/4 inch below Red Point ( the corner of the Swan's Island legend points directly at our property ) no roads- - - NO neighbors!! ( right on...eh )

Date: Tue Jan 13 1998 12:58
chas (Wet Gold nomination of Haggis) ID#333447:
I second this, but for a longer period

Date: Tue Jan 13 1998 12:52
jc (Tortfeasor, that url didn't work) ID#252202:
Go here: http://www.cnbceurope.com/
Then click on Markets
Then click on Commodity Updates
Then bookmark the Commodity Update page
for yourself and it should work for you..

Date: Tue Jan 13 1998 12:48
Dave in CO (@FBI sniper trial moved to federal court) ID#215211:
No need for us to fear those dangerous women holding babies anymore like in Ruby Ridge and Waco. Here comes a Justice Dept. acquittal:

http://www.freerepublic.com/forum/a63709.htm

Date: Tue Jan 13 1998 12:46
LGB (@ Silver Mining Shares WAY WAY up....will shares lead metal?) ID#269409:
Silver St. Reserve ( SSRIF ) up 22.4% !! Pan American Silver up ( PAASF ) up 13% , SSC up 6.7% . Appears as if the equities buyers know something, will the shares help lead Silver higher?

Hopefully we have a signifigant drawdown today in COMEX, and see the $5.40 support level as the bottom which will hold as the base for next run up.

P.S., Some longs oughta file a class action suit against Merril Lynch!


Date: Tue Jan 13 1998 12:28
jc (Tortfeasor (Gold and silver price updates)) ID#252202:
try this: http://www.cnbceurope.com/markets/Commodities/commodityupdate.html- ssi

Date: Tue Jan 13 1998 12:18
CJS (Greenspan speak) ID#328159:
It has been said: It is good to know the truth, but it is better to speak of palm trees. Doubt not that Greenspan knows what is up... Vronsky's recent post shows that he can speak plainly for gold if willing.

Date: Tue Jan 13 1998 12:13
Haggis__A (Avalon........................) ID#398105:


An array of home pages for Australian and International exploration and
mining companies. Save them to a file, and check at will......
http://www.asx.com.au/

http://www.oberon.com.au/Mining_InfoPage/

http://www.minmet.com.au/links7.html

http://www.comcen.com.au/~ozgold/profiles.html

http://www.hotcopper.com.au/Default.htm

http://goldsheet.simplenet.com/

http://www.agso.gov.au/

http://www.globalgold.com/

http://www.reflections.com.au/MiningandExploration/index.html

Aye, Haggis

Date: Tue Jan 13 1998 11:56
Haggis__A (Vronsky............Alan Greenspan........What Spots) ID#398105:

Alan Greenspan, chairman of the U.S. Federal Reserve, recently
demonstrated his mastery of what he called Fed Speak. This is a
language in which it is possible to utter a lot of words without ever
actually saying anything.

At a press conference of some kind, he was asked the following
question, which I present in its entirety:

Mister Greenspan, are you or do you ever intend to, and if not why
not, and if so how and when?

Greenspan replied, Yes and no.

( He later added, And if you feel I answered the question, I'm
sorry. )

...Deflation, inflation....whats the difference - he's got two hands!!!

Date: Tue Jan 13 1998 11:54
BillD (@Volume) ID#258427:
Good volume so far on AU stox...XAU up nicely...

Let's hope...Go Gold

Date: Tue Jan 13 1998 11:54
WetGold (Most Insightful and Thought Provoking Poster of the week.) ID#243180:
I nominate: HAGGIS__A.

Keep it goin' man !!!

Date: Tue Jan 13 1998 11:52
fundaMETAList (http://www.quote.com/cgi-bin/jchart-form?genapplet=yes) ID#338289:
Tort: Here it is Vronsky style.

Date: Tue Jan 13 1998 11:50
fundaMETAList (Tortfeasor: You know the drill on the spaces after the dashes I hope) ID#338289:


Date: Tue Jan 13 1998 11:50
A.Goose () ID#20137:
Date: Tue Jan 13 1998 11:44
vronsky ( http://www.gold- eagle.com/quotes/goldcorner.html ) ID#426220:

You have seemed to solved the dash space problem. Does pasting work ok only when you place it in the ( ) field?


Date: Tue Jan 13 1998 11:49
refer (Haggis@Derivatives) ID#41229:
Any market ,in my opinion, where large volumes of product maybe sold from people that are not producers will be a market of perception! It will have nothing to do with achieving the fair market value because that level is being performed by speculators, people that fore the most part have no idea what it takes to produce, and act on that of trends or emotion.

Must go now and aquire more debt, the $.

Date: Tue Jan 13 1998 11:49
fundaMETAList (Tortfeasor: Silver and Gold Prices) ID#338289:
Tort: If you have a java enabled browser then the following link should be of use to you.

http://www.quote.com/cgi- bin/jchart- form?genapplet= yes

For silver enter SI98H and for gold enter GC98G.

Date: Tue Jan 13 1998 11:47
A.Goose () ID#20137:
Date: Tue Jan 13 1998 11:36
Carl ( AGoose, ANOTHER and the BIS and gold above 280 ) ID#333131:

Good point Carl. I guess I would only modify one thing.

Changing If to When.


When the elephant starts looking sick, the bird will soar.

The fundamentals behind the dollar look very poorl. As soon as the light of day refocuses on it, all will know the elephant is very sick. IMHO.

Date: Tue Jan 13 1998 11:46
Dave in CO (@nomercy 08:22) ID#215211:
Am I understanding your post? When Goldman Sachs I mean Clinton took over, didn't they convert a big part of the nat. debt from long to short term bonds in order to reduce the yearly deficit? It was a big gamble because inflation could have exploded the debt very quickly. For those 5 years there has been almost no inflation ( according to the gov. numbers they control ) and now the rates are low enough to convert back to long term. If inflation came back after the conversion the effects on the nat. debt would be minimized? Thanks.

Date: Tue Jan 13 1998 11:44
dirt (E-gold) ID#215379:
A fascinating idea, could be the new World Banking system. 2 thumbs up!!

Date: Tue Jan 13 1998 11:44
vronsky (http://www.gold-eagle.com/quotes/goldcorner.html) ID#426220:

BillD ( @TORT...EBN )

GOLD CORNER - 24- HOUR TRADING

Major Gold Trading Centers Around the World. Many Gold price links, including closing bullion and gold coin prices. Also shows live GOLD TRADING in London, Singapore, Tokyo & the COMEX.

Just COPY & PASTE the URL shown above to your Internet Location or Go To box. Then ENTER


Date: Tue Jan 13 1998 11:42
chas (JTF re hard/soft science) ID#333447:
I've got a little original work and a lot of correlation onearthquakes.Have a special theory. If this is in your territory, email me and you can qualify, too much to post. Thanx. devoto@w3link.com

Date: Tue Jan 13 1998 11:42
Haggis__A (Steve................) ID#398105:

I'm told to look VERY CAREFULLY at the East Coast Minerals options for the Munni Munni Silver show.............

Date: Tue Jan 13 1998 11:40
Eldorado (@the scene) ID#213265:
S& Ps now about ready to put on its next performance. Gold has dropped down to a newly made support area of 281. Should be another good buying area.

Date: Tue Jan 13 1998 11:40
Haggis__A (Steve.................Hardman Resources NL) ID#398105:

May be the Siberian Winters are just too cold.............

Talking about Russia, although this could well apply to South East Asia at this time.............

Sergei Yevshin, a coal miner on strike in Siberia was quoted in this
weekend's The European [newspaper] as saying:

We watched with envy on television as American soldiers gave out
packets of Marlboro cigarettes to Iraqi prisoners of war. Many of us
have to work an entire shift underground to afford one packet of
Marlboro. I want to surrender to the Americans.

G'Nite, its 1 am...........

Aye, Haggis

Date: Tue Jan 13 1998 11:39
vronsky (http://www.gold-eagle.com/greenspan011098.html) ID#426220:

ALAN GREENSPAN: Can a leopard change his spots...?

In 1981 Alan Greenspan “spilled his guts,” “poured his heart out,” “gave us the straight- skinny,” “let it all hang out” REGARDING WHAT HE REALLY THINKS ABOUT THE GOLD STANDARD. UNCHARACTERISTICALLY, he spoke in everyday common, clear language... he obviously wanted EVERYONE TO GRASP HIS THOUGHT, to comprehend, indeed to truly understand the essence of the GOLD STANDARD... its benefit and its control of THE IRRATIONAL EXUBERANCE OF POLITICIANS. Is this the “echo” of the future?

To read Greenspan's essay on the GOLD STANDARD, copy & paste ABOVE URL to your Internet call- up window ( Location or “Go To” ) , then hit ENTER.


Date: Tue Jan 13 1998 11:39
Avalon (Campaign for 27 hour day. I am going to lead a campaign for a 27 hour day) ID#254269:
as there is absolutely no way that I can keep up with all of the Kitco posts.

Date: Tue Jan 13 1998 11:38
BillD (@TORT...EBN) ID#258427:
Tort...when I have to...I use DBC

http://www.dbc.com/cgi- bin/htx.exe/dbcfiles/indicators.html?source= DBCC

Anybody got anything better ... I used to use ABN..?

Date: Tue Jan 13 1998 11:37
Tortfeasor (Joke of the Day) ID#371247:
With gold and silver dancing nicely this am the following story might be appropriate:


A retirement village decided to hold a Singles Dance, at which
this very sweet 90- year- old gentleman met a very sweet 90- year- old lady,
and they danced and talked and laughed, and just hit it off great.

They continued to see each other for a while and enjoyed each other so
much, and danced so well together, etc., that they decided to get married.

On their wedding night, they went to bed and he reached over and took her
hand and squeezed it, and she squeezed his hand back, and they went to
sleep.

On the second night, when they went to bed, he reached over and squeezed
her hand, and she squeezed his hand back, and they went to sleep.

On the third night, he reached over and took her hand, and she said,
Not tonight, honey, I have a headache.



Date: Tue Jan 13 1998 11:36
Carl (AGoose, ANOTHER and the BIS and gold above 280) ID#333131:
I believe the little weakness in the dollar is causing the blip up in gold. Forex trading in the dollar is an elephant compared to the small bird of gold trading on his back. When the elephant stumbles the bird hops. If the elephant starts looking sick, the bird will soar.

Date: Tue Jan 13 1998 11:36
EB (hmmmmmmmm....) ID#22956:
This is why you buy ( or sell ) ON the breakout....not before...oh well I am in for a penny in for a pound ( ing? ) ...talk about wrongway- conway...doh!

http:///platinum.graph.html

At least the declining wedge worked for the gold rally. Hey this pattern recognition works!

.....now where did I put those charts?.......

Cherokanzai...that is too bad about the wrong way move. I liquidated my corn puts last week for a HEALTHY profit ( ohmy ) . I had been short since the EB/Eldo corn calls ( mid Oct ) . Eldo made it good on the way up...and I made it good on the way down. Now, I am on the outside looking in. good hunting indian friend...

I have always found that the more ya 'want it'....the worse it goes for you the OTHER way........damn markets!

away...to the charts hmmmmmmmmm...

Éßdrinkingojbythe15,000lbbarrels

oris...'tis my name...can't help it. It'll be my rally cry now...or to all my detractors....EB YOU!! ( smile ) .


Date: Tue Jan 13 1998 11:34
refer (The dollar facade) ID#41229:
Mozel thanks for responding


I have a question for the group! If the good faith of the federal reserve note would colaspe, other forms of U.S. paper would also be worthless ie bond and t- bills, but would it also take all other forms of paper ie stocks of companies.

If and when faith is lost would not a gold backed currency be forced to emerge, world trading would not be based on moving physical around, too costly. Granted it would take some time before general public would accept paper, but international business wouldn't be shipping boatloads of gold back and forth. Or does something of e- gold come into play?


Date: Tue Jan 13 1998 11:34
PH in LA (Another's Thoughts in London) ID#225408:
Studio R:

Just what authorities did you contact about ANOTHER'S thoughts in London on the net? I notice that the info has been withdrawn there. Is there a connection?

Date: Tue Jan 13 1998 11:34
Tortfeasor (Gold and silver price updates) ID#371247:
With EBN not giving updated gold and silver prices on a current basis do any of you have a site where updated gold and silver prices can be obtained. It looks like the Kitco prices, though nice enough, are not being updated frequently.

Date: Tue Jan 13 1998 11:27
A.Goose () ID#256254:
staying not saying - - sorry.

Date: Tue Jan 13 1998 11:26
CJS (Dave in CO, BillD) ID#328159:
Both Internet Relay Chat and Kitco Web Chat preserve case, as far as I know. I.E. the IRC chatter who posted the report entered the nickname BILLD in all caps ( IRC users can pick any nickname and change it at will ) . IRC supports thousands of simultaneous users ( though not all on the same channel ) . The probability that there are multiple Bill Ds is obviously quite high.

Examine what is said, not him who speaks ( Arab Proverb )

Date: Tue Jan 13 1998 11:26
A.Goose () ID#256254:
Is Kitco indicators saying up to date?/

Sym. Company Name Last Change % Chg High Low Vol.
GC G8 Feb. Gold 2825 +36 +1.3 2829 2775 26.8K
SI H8 March Silver 5570 +95 +1.7 5585 5385 20.2K
HG H8 March High Grade Copper 7705 +225 +3.0 7770 7480 5.96K
PL J8 April Platinum 3595 - 21 - 0.6 3620 3562 659
PA H8 March Palladium 23550 +1110 +4.9 23550 22900 436

Date: Tue Jan 13 1998 11:22
Steve - Perth (Shell pulls out) ID#284177:
Haggis, something jogged my memory after reading HARDMAN on the mining
pages. Shell just pulled out of JV with them. Not really sure why.
Directors a bit of a worry. But interesting site regardless. Steve
email: steve@compsb.eepo.com.au

Date: Tue Jan 13 1998 11:20
Haggis__A (refer................in Aussie) ID#398105:

The Aussie gold price is roughly AU$440. Production costs are in the range AU$ 250 to 350 depending on the particular mine. So far, we don't have the same problem as in N America, but junior explorers are DEAD.

Check out various currencies against the Precious Metals.

http://pacific.commerce.ubc.ca/xr/plot.html

Remember, the current US$ price is for PAPER GOLD, not necessarily PHYSICAL GOLD.

A question, is OIL treated as a derivative?

Date: Tue Jan 13 1998 11:17
Dave in CO (@BillD, CJS) ID#215211:
Kitco software must be case sensitive; e.g., BillD not = BILLD.

Date: Tue Jan 13 1998 11:17
Steve - Perth (Steve’s specially edited: NEWS VIA AUSTRALIA ) ID#284177:
Haggis, thanks for the mining links. All bookmarked!! Steve

BREAKING STORIES:

Asia a worry for German banks
http://www.afr.com.au/content/980114/banking/banking5.html

IMF blames sloppy banking for current crisis
http://www.theage.com.au:80/daily/980112/bus/bus5.html

Japan economy stalls as confidence wanes- - MOF head
http://biz.yahoo.com/finance/980112/japan_econ_3.html

Recession alarm bells ring
http://www.smh.com.au/daily/content/980114/pageone/pageone6.html

Japanese PM queries bank debt blowout
http://www.smh.com.au/daily/content/980114/world/world3.html

Sick NZ current account infects $A
http://www.smh.com.au/daily/content/980114/business/business2.html

MIM at 20 yr low - how low can they go?
ttp://www.smh.com.au/daily/content/980114/business/business7.html

Plug in for Power at the Supermarket! What next?
http://www.afr.com.au/content/980114/news/news3.html

Farm Debt on the rise AGAIN! Watch out for those interest rates!!
http://www.afr.com.au/content/980114/news/news2.htm

NZ fears Asian Crisis & Australian flow on
http://www.afr.com.au/content/980114/world/world2.html

Aussie Property Trusts lead the field in Yields
http://www.afr.com.au/content/980114/market/markets3.html

IN REVIEW:

Peregrine Merchant Bank - An Asian Chicken coming home to roost
http://www.smh.com.au/daily/content/980113/pageone/pageone2.html

Foes of IMF plan rally to fight Clinton
http://www.smh.com.au/daily/content/980113/world/world1.html

Central Europe suffers emerging- market flu
http://www.afr.com.au/content/980113/world/world3.html

Delinking HK dollar a different ball game
http://www.afr.com.au/content/980112/world/world3.html

Taiwan prepares for yuan's fall by June - - just in case
http://www.afr.com.au/content/980110/world/world3.html

Doubts over use of RBA’s TWI in measuring balance of Trade with Asia
http://www.afr.com.au/content/980110/news/news1.html

Indonesian food panic the worst since 1960’s - IMF, US to rescue Rupiah
http://www.afr.com.au/content/980110/world/world1.html

Over 90% of Indonesian Companies technically bankrupt
http://www.yahoo.com/headlines/980109/international/stories/indonesia_2.html

HOW EXOTIC DERIVATIVES TOOK DOWN KOREA'S ECONOMY
http://nypostonline.com/business/2439.htm

MAHATHIR'S ECONOMIC THUNDERBOLT OUT OF THE BLUE
http://www.gwb.com.au/gwb/news/onenation/mahat.html

Soros to do Korea over again - softened up for the kill
http://biz.yahoo.com/finance/980105/korea_soros_picture_1.html

Deflation fears take bonds back to the 60s
http://www.smh.com.au/daily/content/980106/business/business1.html

GREENSPAN DEFLATION SPEECH: Problems of Price Measurement
http://www.afr.com.au/content/980106/verbatim/verbatim1.html

After 15 years the bulls are looking for a break
http://www.afr.com.au/content/971230/invest/ivsuper.html

Reproducing the 1930’s
http://www.smh.com.au/daily/content/971227/world/world1.html

Mid Level Officials lobbying for Chinese Devaluation!
http://www.afr.com.au/content/971219/world/wwashington.html

BOOKMARK Steve’s News Page:
( Courtesy of Colin Seymour )
http://www.users.dircon.co.uk/~netking/blizard.htm

Date: Tue Jan 13 1998 11:15
Avalon (@ Haggis_A; Sorry, I will strike the m.e. words from my vocabulary. I do not understand your 11.01.) ID#254269:


Date: Tue Jan 13 1998 11:14
Isure (Metals up) ID#368244:

Gold, copper, silver, Aluminum all up nicely.

Date: Tue Jan 13 1998 11:13
Haggis__A (I wonder if we will get it right this year.......life could be sooooo simple) ID#398105:

Armenians and Azerbaijanis in Stepanakert, capital of the
Nagorno- Karabakh autonomous region, rioted over much needed spelling
reform in the Soviet Union.

G'Nite..................

Date: Tue Jan 13 1998 11:11
refer (Haggis@Mineclosures) ID#41229:
How long does gold have to hang around the 280 price level for the next round of min takeovers, and or shutdowns. Isn't the 280 mark below 50+% of mines net production costs?

Date: Tue Jan 13 1998 11:08
vronsky (http://www.gold-eagle.com/gold_digest_98/milhouse010598.html) ID#426220:

CURRENCY TURMOIL IN 1998 by Milhouse

TAIWAN PREPARES FOR YUAN'S FALL - - JUST IN CASE

The economic supremo of Taiwan's ruling party, Lui Tai- ying, has challenged conventional wisdom on China's commitment to retaining a strong currency by warning of a MAJOR DROP IN THE YUAN BY JUNE.

Lui predicts a worst- case scenario of a 40 percent fall via a gradual devaluation, or a 25 percent one whack depreciation.

The Hong Kong Oracle has given another insightful and perhaps even alarming prediction of what currency turmoil to expect in Asia during 1998. It is definitely NOT a pretty picture. Milhouse gives his considered opinion on most major currencies and GOLD.

Gold will be the major beneficiary of the increasing currency
volatility wrought by EMU and the drive to inflate which is
already underway in almost every country. The reason it will
benefit is because it is the only form of money which exists
outside the financial system. As such, it is the only truly effective hedge against inflation. Any method of hedging against inflation which exists within the financial system involves a payment risk. Also, even if your non- gold hedge is 100% effective, you simply end up with a larger quantity of paper.

To read the report, copy and paste ABOVE URL to your Internet “Go To” window ( Location or Go To ) , then hit ENTER.


Date: Tue Jan 13 1998 11:06
fundaMETAList (APH: E-Wave Dude) ID#338289:
APH: Your turn call on silver is looking good. Do you see this slow steady buying this morning as a good sign or does it mean zip? I went long way too early ( 5.65 ) but I decided to hang in there yesterday. Imagine my state of mind when I saw the dip to 5.38 overnight. ( laughing thingy ) .



Date: Tue Jan 13 1998 11:06
ravenfire (@John Disney -- re: spewmongers) ID#365190:
you're welcome to use the term anytime.

It is nice to not have been born in 1965 ( though I didn't have a choice in the matter ) . In fact, I was born in 1976 - do I qualify as the youngest kitcoer here?



btw, there's this thread about the method of buying gold jewellery that I feel like starting... how it's fundamentally different in Asia from the West ... but has that horse been beaten to the bone already?

Date: Tue Jan 13 1998 11:03
Jung (This is a test post for ...) ID#237164:
any text here

Kitco turns url's into anchors

http://www.acsys.com

more text

Date: Tue Jan 13 1998 11:01
Haggis__A (Avalon...........) ID#398105:

The 06 to 09.59 page.............

Date: Tue Jan 13 1998 11:00
Eldorado (@the scene) ID#213265:
OOPS: Gold now up 3.80 and silver up a dozen!

Date: Tue Jan 13 1998 10:58
Haggis__A (Avalon......................a mining engineer............STRUTH!!!!!!!!!!!!) ID#398105:

I don't wear high heels, and I'm not a Lumber Jack........

A GEOLOGIST.....3 Uni Degrees, 22 years professional experience, 10 years Africa, 12 Aussie............

Date: Tue Jan 13 1998 10:56
Isure (copper) ID#368244:
Are my eyes decieving me, does that say copper up 3% .


Date: Tue Jan 13 1998 10:55
Haggis__A (JOE Smith.................apparently.................) ID#398105:

At Radio Hill, the Bhoys forgot to assay for SILVER.........

A re- examination of the old drill core has found, guess what?!!!!

Titan Resources......................

Date: Tue Jan 13 1998 10:54
Eldorado (@the scene) ID#213265:
Three other items to watch. Cocoa, which should provide direction probably today, and Live Cattle, which I really expect to DROP, making it another buy. Platinum did 'break', but it will only provide an even better entry point REAL soon!

Date: Tue Jan 13 1998 10:52
Mike Stewart (More tidbits on timing gold shares ) ID#270253:
If you wait for a low in the XAU to form in Late Dec- January each year, and the use that as a stop loss for the rest of the year, you would have done very well in the last 10 years or so. This is very defensive and simple.

Date: Tue Jan 13 1998 10:50
Avalon (@ Haggis_a; Thanks for MIM info; I am sure that you have posted this here) ID#254269:

before, but its is probably buried somewhere in Kitco archives. If you don't mind me asking, what is your particular background, are you a mining engineer ?

Date: Tue Jan 13 1998 10:48
A.Goose () ID#256254:
Good Morning.

I have to say that it is very interesting that we have pulled back above 280. ANOTHER maintains his credibility. This call is extremely important, because it now gives credence to his other comments. If 280 holds, we had better start getting ready for his other concerns.


Date: Tue Jan 13 1998 04:49
mozel ( the gold price of oil & to Jack ) ID#153102:




Or is it the fact Indonesia is rich in oil and gold and rice and fully capable of meeting its every
foreign need by transactions in these commodities without any recourse to the dollar trading system
that is so disturbing to Washington ? Indonesia does not in fact need the dollar trading system
unlike the poor Koreans. Only one nation has to walk away from dollar denominated international
debt and thrive for the dollar trading system to collapse. Or is it the fact Indonesia is rich in oil and gold and rice and fully capable of meeting its every
foreign need by transactions in these commodities without any recourse to the dollar trading system
that is so disturbing to Washington ? Indonesia does not in fact need the dollar trading system
unlike the poor Koreans. Only one nation has to walk away from dollar denominated international
debt and thrive for the dollar trading system to collapse.

Excellent point. The U.S. is terrified.


Date: Tue Jan 13 1998 10:48
Eldorado (@the scene) ID#213265:
I'm sure you'll all agree with me that it was time to buy grains. Since then, one would hardly have suffered but a few cents. Look at them this morning now! Corn up a dozen. Wheat up 18. Limit moves up. Sure, they may now come back, but it sure is nice right now! HAR! Gold now up 2.80.

Date: Tue Jan 13 1998 10:47
Mike Stewart (Correction) ID#270253:
That last paragraph that I wrote should be that we had our first buy signal since late 1992.

Date: Tue Jan 13 1998 10:45
Mike Stewart (Toronto Mining Issues) ID#270253:
The number of new lows on Toronto Mining Issues has climbed above the safe level ( fewer than six new lows ) to a level of 21 new lows on Friday and 22 yesterday. This compares well to late November when we had around 100 new lows at the momentum bottom. But..


With more than six new lows daily, over a week or two, an all clear indication of a low in the gold stocks has not yet occurred.

Coming off a - 2000 level in my Toronto Mining Issues McClellan Summation Index, I believe that most stocks have already seen their lows.

I compare the Worden Brothers ( WG580 ) to the price of gold, and look for conditions where it is two standard deviations above or below normal to provide rare Buy/Sell signals. We just got our first buy since late 1993. Just another example of the Bargain price level out there.

Date: Tue Jan 13 1998 10:44
Frustrated (Seeing a rebound in the XAU) ID#298259:
Just saw it jump to 64.09 ( up 4.23% ) .

Date: Tue Jan 13 1998 10:43
dirt (double edge sword) ID#215379:
Currrency and Gold play = = ASA and ASL South African ADR's. No hype, just looking for opinions..

Date: Tue Jan 13 1998 10:41
Haggis__A (Avalon.........MIM Holdings Ltd) ID#398105:

Also, the Ravenswood gold project between Townsville and Charters Towers is BADLY under explored. The Old Town lies in the heart of the mineralised system, and I believe that there is potential for up to a SIX million oz gold resource.

The present resource is 24.4 Mt @ 1.4 g/t at Sarfield, 10Mt @ 3g/t inferred at Mt Wright plus other. The total current resource is 2.5Moz, BUT much larger potential.

MIM have draged themselves along on the Ravenswood project for 20+ years, far too slow.................

Date: Tue Jan 13 1998 10:40
Emerald Heights (Barb Hughes: tape problem. First the obvious,be sure heads are clean of) ID#227311:
oxide & debris. clean with alchoal or MEK. Heads may be worn or out of alignment, try skewing the tape as its running,if improvement,realign heads. I am not familiar with that machine,not sure you can realign. good luck.Regards.EH

Date: Tue Jan 13 1998 10:35
CJS (BillD: your 10:15) ID#328159:
Glad you're around to point that out.

William Pitt ( 1840 ) :
... A strong nor'- wester 's blowing, Bill!

Date: Tue Jan 13 1998 10:34
Haggis__A (Avalon........MIM Holdings Ltd) ID#398105:

Check out my earlier posting to FRed@Vienna for URL's specific to exploration and mining in Australia, on this page........

MIM Holdings Ltd

Current shares.......AU$0.85?

http://sky.fit.qut.edu.au/~aclark/shares/MIM.htm

A write up......

http://www.dicksons.com.au/mim.htm

Underlying assets of the company are FANTASTIC, but the management is BAD. ANorth American/South African/British company with money and effort could do well. MUST be a take over target, but has 1 638 068 950 securities on issue. Makes it a wee bit difficult..........

Aye, Haggis

Date: Tue Jan 13 1998 10:31
dirt (hasimoto@japan.com) ID#215379:
I'm sure you will agree with me, that today was the time to buy gold and sell US T- bonds, at least the options..

Date: Tue Jan 13 1998 10:26
APH (ABX) ID#25588:
This week buy ABX between 14 - 14.25

Date: Tue Jan 13 1998 10:21
Front (Studio.R) ID#341293:
Sorry for the crossed messages. I didn't see the previous reply. A'FRONT? Only if you're referring to the recent cold and freezing rain FRONT that left me for 7 days without running water and hydro. In that case I plead guilty to being cold. I been too busy trying to keep the home life normal and warm to even get mad at LGB for his rantings. Now THAT's busy believe me.

TTFN

Date: Tue Jan 13 1998 10:20
Avalon (STUDIO.R: How much coffee have you been drinking ? ) ID#254269:


Date: Tue Jan 13 1998 10:20
STUDIO.R (@All... My Sweet Lord!....) ID#93232:
Gold is up and oil is up 19 cents....I'm quitting now. Vaya con Dios mis amigos y amigas!

Date: Tue Jan 13 1998 10:17
vronsky (http://www.gold-eagle.com/gold_digest_98/ackerman011298.html) ID#426220:

What If the Dollar Just Keeps Rising?

Nationally syndicated market analyst, Rick Ackerman, shares his insights about the “adverse” strength of the greenback.

Business couldn't be better, consumers are as confident as they've been in years, the dollar is king and interest rates are bouncing near multi- year lows.

Not much for U.S. investors to worry about, right?

THINK AGAIN. That strong dollar, of all things, is threatening to
blight the rosy picture by destabilizing financial markets and
constricting global trade. Moreover, there is no apparent way to
stop it. WHAT ARE THE DIRE RAMIFICATIONS

To read the report, copy & paste ABOVE URL to your Internet call- up window ( Location or “Go To” ) , then hit ENTER.



Date: Tue Jan 13 1998 10:15
BillD (@ CJS AND ALL) ID#258427:
I don't know where the BILLD in your posts came from...but

IT'S NOT THIS BILLD...

Thanks...

Date: Tue Jan 13 1998 10:14
Barb Hughes (http://cnbceurope.com) ID#20783:
@ Tortfeasor RE: EBN has changed

Date: Tue Jan 13 1998 10:10
STUDIO.R (@Front...are you really one?) ID#93232:
Thank you....PHnLA tipped me last night. I have already submitted it to the authorities.

Date: Tue Jan 13 1998 10:08
CJS (Gold plug on #daytraders Undernet IRC channel!) ID#328159:
BILLD. Brush Creek Recommended a Buy By Elliott Wave
BILLD. International Analyst
BILLD. Business Wire - January 13, 1998 09:45
BILLD. % BRUSH- CREEK- MINING BCMD
BILLD. GRASS VALLEY, Calif.- - ( BUSINESS WIRE ) - - Jan. 13, 1998- - Brush Creek Mining
BILLD. and Development Co. Inc. ( NASDAQ:BCMD ) is pleased to call attention to an
BILLD. interview in the financial press that took place yesterday.
BILLD. The interview featured Steven Porter, the Sectors Analyst at Elliott Wave
BILLD. International and Larry Strauss, senior mining analyst at Cannacord Capitol Corp.
BILLD. During the course of the interview, Strauss claimed: The longer gold remains
BILLD. depressed, the more powerful the move to the upside will likely be. Consider that
BILLD. over half of current gold production is uneconomical at today's prices.
charley. billd, could you keep going
charley. with that post
BILLD. In response to the following question: What is your near term industry outlook?
BILLD. Which gold mining stocks are you recommending and/or avoiding? Porter
BILLD. responded: Canyon Resources, Royal Oak, and Brush Creek are enticing plays that I
BILLD. would accumulate at current levels. I look at them as core positions as we are well
BILLD. into the crisis stage. The worst of the damage has already been seen in these junior
BILLD. stocks. They represent some hard value as opposed to the glut of paper assets
BILLD. choking the market now.
BILLD. At its recent annual meeting on Jan. 8, Brush Creek presented the report of the well
BILLD. regarded consultant, Odin Strandberg P.E., whom the company hired to assess its
BILLD. projects along the Melones fault of the California Mother Lode. Strandberg has
BILLD. estimated that total costs of production, including capital and development costs,
BILLD. will be less than $200 per ounce. The company believes it is important to be a low
BILLD. Brush Creek controls nine historic gold mines in the Alleghany- Downieville gold
BILLD. district of Northern California, which produced more than 12 million ounces of
BILLD. placer and 2 million ounces of hard rock gold. The company also controls more than
BILLD. 4,000 acres of potentially diamondiferous ground near La Porte, Calif.
BILLD. cost producer, and is pleased to be recommended by so well- known a technician as
BILLD. Porter.
BILLD. CONTACT: Brush Creek Mining and Development, Grass Valley
BILLD. Lionel Gosselin, 888/272- 7335
BILLD. Jim Chapin, 916/477- 5961

No man's credit is ever as good as his money.
- Edgar Watson Howe

Date: Tue Jan 13 1998 10:05
STUDIO.R (@Miro....) ID#93232:
He who has hesitated...has won. Buy gold. Eat more beef. ( I have a few cattle, too. )

Date: Tue Jan 13 1998 10:05
Tortfeasor (EBN) ID#371247:
This may have been asked but does anyone know what happened to the EBN gold, silver and commodity updates? Is there a new URL for these updates?

Date: Tue Jan 13 1998 10:04
Front (Studio.R) ID#341293:
Yesterday you requested at 21;51 for information where the mention of Anothers writings could be found. I believe the post you're looking for is at Jan 12 1998 16:55.

TTFN

Date: Tue Jan 13 1998 09:51
Barb Hughes (@MachF15) ID#20783:
Have K56flex PII 300 but still it can't
run the real audio player very clear..
any suggestions?

Date: Tue Jan 13 1998 09:51
STUDIO.R (@My doctor said no more coffee....but) ID#93232:
RUPIAHS RULE!!!!!

Date: Tue Jan 13 1998 09:45
Miro (@Murrstein) ID#347457:
Murrstein, I can understand your feeling, I also had my money in gold mutual fund ( though not for so long so my losses were not so large - 30% ) , and I've pulled out just a week ago ( in the last week I would loose additional 15% )
However, consider a few things before you make your move..
1. Where will you park your money? ( there is no investment at this time which would recover your losses in a short time, and you may experience decline in other investment as well )
2. Will you be able to move from your new investment back to gold ( be it mutual or something else ) in a short time?
3. If your money is not in tax sheltered investment your timing is bad - you should have done that before the end of year so you could deduct losses on your last year tax return to make it more bearable.
4. You let it go for too long and at this time you really pulling out close to the bottom. Yes, gold mutual funds did terrible, however industry is shaking off any weak companies and who survives will do pretty good in coming years. Mutual funds experience outflow of money, forced to sell with heavy looses and this makes decline even steeper.
I do believe that in coming year gold mutual will recover some of it's losses and I have a full intention to jump in, however, time is not here ( yet ) . I think that it will be the only investment which may give you any chance to recover your losses in reasonable time frame.
Well, I don't know when this will happen, my timing is usually not so good ( I jumped into gold mutual too soon ) . If you want to stop bleeding it's your decision, however, I would be ready to jump back in. Other than that I think that in gold funds we really may be reaching the bottom , but what do I know?! :- (


Date: Tue Jan 13 1998 09:44
STUDIO.R (@Camdessus meets his match.) ID#93232:
King Krazy So- sue- me- arto is fixin' to put the hurt on Mikey- poo.

Date: Tue Jan 13 1998 09:43
Avalon (@ Haggis-A; Good Morning Haggis; Do you have any info on Mount Isa Mines (MIM): I notice that their) ID#254269:

stock price is really low ? Any info would be helpful ? TIA.

Date: Tue Jan 13 1998 09:41
Haggis__A (Vronsky.........Indonesia) ID#398105:

The IMF will take the view that.........

.....so they are in debt already, lets add on more US$ and create more debt, and if they can't pay that, then we can add on yet more dollars and create more debt ....... they can have their own local currency, we have no use for it ..... all we want is the oil, coal, gold ..... and besides we need Suharto to keep stability in the region ...... we can always sell them more military hardware......

Date: Tue Jan 13 1998 09:36
cherokee__A (@------grain-train----) ID#344308:

realistic- - - - -

look at the charts for 1985- 87.....for the grains....what do you
see? deflation took the grains to the cellar...regardless of
what they were supposed to have done.....on top of deflation
we have asia imploding.....they cannot afford EXPENSIVE ( us$ )
us imports.....even if it is food.......

the usda report out today is positive for wheat and slightly
positive for corn and beans.....this should rally the grains...
albeit a temporary one.......imm

if the grains do rally- - - - - - - - it is a chance to buy more put options
CHEAPER!! please feel free to re- post my posts as often as you like...
saves me time......

cherokee!;........sharpening- the- blade- of- truth- - - - - for- future- use....

Date: Tue Jan 13 1998 09:29
Haggis__A (WetGold............) ID#398105:

Aye, and they looking for soem more PhD yuppies ( wet behind the years ) to solve the worlds problems........give me strength........

http://www.imf.org/external/np/adm/rec/recruit.htm

Date: Tue Jan 13 1998 09:29
STUDIO.R (@the Limb Report....) ID#93232:
Indo defaults on international banking obligations on Thursday.

Date: Tue Jan 13 1998 09:24
Haggis__A (Gold and Silver in Japan.............) ID#398105:

I wonder when they are going to up scale exploration and mining. Should be good to start raising the exploration $ via Tokyo?

Gold Silver ore deposits in Japan
Special Issue
No 10, 1981
280 pages
Society of Resource Geology
Nogizaka Bldg., 6- 41,
Akasaka 9- chrome,
Minato- ku,
Tokyo 107,
Japan

Date: Tue Jan 13 1998 09:23
Pete (Mozel's 04:49 post) ID#22451:
If S? from Indonesia does not play ball with the Big Boys, will the Godfather ( BC etal ) make him an offer he can not refuse?

Date: Tue Jan 13 1998 09:20
STUDIO.R (@WetGold.....) ID#93232:
They need body guards a helluva' lot more than a spinster.

Date: Tue Jan 13 1998 09:19
Haggis__A (Vronsky..............) ID#398105:

What value is the US$ worth, on any time scale, if it can only perpetuate debt at home and internationally.

In the exploration, development and initiation of production of a new medium to large gold mine, the time scale involved can take between 1 and 5 years, in some cases much longer up to 20 years.

Derivative management...........anything goes, at any time!

It like a game of pass the parcel in an Irish pub!

Aye, Haggis

Date: Tue Jan 13 1998 09:17
WetGold (10-16 Jan 1998 The Economist - Advertisement) ID#243180:
The IMF is seeking a professional Information Officer to handle a wide range of media information responsibilities..., page 9.

Date: Tue Jan 13 1998 09:15
Pete (Silverbaron) ID#22451:
I made a boo boo. The warrents were issued to retire the preferred stock. The exact amnt issued passes me up right now. This was done several yrs ago. If anyone out there knows, please let send me info.

Date: Tue Jan 13 1998 09:13
MachF15 (Real Audio) ID#275253:
If you have a real audio player, here is a talking head explaining how gold will make a modest recovery in second half of 1998:

http://www.cnbceurope.com/redirect/redirect.exe?/video/naqwi.ram

Machf15

Date: Tue Jan 13 1998 09:13
WetGold (10-16 Jan 1998 The Economist -- latest News) ID#243180:
The rupiah received another savaging after Indonesia's budget abandoned any pretense of compliance with IMF requirements. President Suharto announced a 32% increase in government spending; more subsidies, not fewer; growth estimated at 4% against forecasts of a contraction - all signs of a government too worried by political unrest to accept economic reality. ..., page 5.

My notes: They are not too worried - Suharto has his family and cronies on the take on government capital project.

Alan Greenspan, chairman of the Federal Reserve, had only to mention deflation - and even then dismiss the chances of a rapid fall in asset prices - for American bond prices to perk up, leaving long- bond yields at a record low. British government bonds had their own bout of exuberance after Eddie George, Mr. Greenspan's counterpart at the Bank of England, spoke of an economic slowdown this year which, so the markets reason, must mean a slow down in rate rises., page 5.

Gold fixed at $281.60 in London, an 18.5- year low. That in turn clobbered Australia's dollar, alreadt depressed by the near- recessionary state of Japan, its biggest trading partner. It dipped to a ten- year low of 63 American cents., page 5.


Date: Tue Jan 13 1998 09:02
vronsky (http://www.gold-eagle.com/editorials_98/hein011298.html) ID#426220:

TODAY’S HEADLINES: “Lenders are not blameless, say World Bank, IMF”
IT'S THE TRUTH THAT'S BEING DEVALUED

Dr. Paul Hein explains the significant difference between the real devaluation of a currency versus its change in parity with the dollar. It is indeed an interesting distinction - which at least to me - not readily apparent. Dr. Hein uses the rapidly wasting away of the Indonesian rupiah as a perfect example.

Dr. Hein also blames greedy international bankers for the Asian currency chaos - - by overloading the Tiger economies with loan money that could not be put to effective and productive use to generate enough cash flow to pay on- going interest, and eventually loan amortization. Once the hapless country is unable to service burgeoning loans, the IMF is called in to administer the “coup- de- grace” in the form of chokingly stringent economic restrictions.

To read the report, copy & paste ABOVE URL to your Internet call- up window ( Location or “Go To” ) , then hit ENTER.



Date: Tue Jan 13 1998 08:58
Realistic (Grains) ID#410194:
Some SEASONAL LOWS at hand in the entire grain complex this week?

OR

Date: Mon Jan 12 1998 14:05
cherokee__A ( @- - - - last- call- - - - - - - - - - ) ID#344308:

the usda is going to release their weekly export numbers
for the grains tomorrow......they are predicting sharp
drops in beans......and less severe drops in corn and
wheat.......still very bearish for the grains...........
last day to get these cheap put options..........

the grain train is heading south.........ALLABOARD! last call......

beans going to 550 imnsho........5750 may soybean puts are $75.00!!!!
230 may corn puts.....cheap.....

Date: Tue Jan 13 1998 08:57
Realistic (GrainsDate: Mon Jan 12 1998 14:05) ID#410194:
Some SEASONAL LOWS at hand in the entire grain complex this week?

OR

Date: Mon Jan 12 1998 14:05
cherokee__A ( @- - - - last- call- - - - - - - - - - ) ID#344308:

the usda is going to release their weekly export numbers
for the grains tomorrow......they are predicting sharp
drops in beans......and less severe drops in corn and
wheat.......still very bearish for the grains...........
last day to get these cheap put options..........

the grain train is heading south.........ALLABOARD! last call......

beans going to 550 imnsho........5750 may soybean puts are $75.00!!!!
230 may corn puts.....cheap.....

Date: Tue Jan 13 1998 08:53
Carl (Correction: Silverbaron's 7:53. Here's the dollar index envelope chart.) ID#333131:
http://www.intersurf.com/~vor/usd.html

Date: Tue Jan 13 1998 08:53
STUDIO.R (@Carl...) ID#93232:
If that were seismic data...I'd drill right there at Jan. 6. Sell the dollar....it's a duster!

Date: Tue Jan 13 1998 08:46
Carl (@dollar watch) ID#333131:
Silverbaron and All: Take a look at the dollar index plot at the same site as you posted at 7:57.

Date: Tue Jan 13 1998 08:42
STUDIO.R (Gold ....Insurance for Life.) ID#93232:
And you don't have to die to collect!

Date: Tue Jan 13 1998 08:38
nomercy ((Blair on EMU, if the euro goes wrong theimpact and consequences for Britain and the rest of the wo)) ID#390214:
Asked on BBC Television if he is certain EMU will be a success, Blair answered, Certain is a very big word but
added, The probability is that it ( the euro ) will be launched successfully.

http://www.economeister.com/news/1998_01/12/021000po.htm

DUTCH GOVERNMENT THREATENS TO QUIT EMU IF ITALY ALLOWED IN

BONN ( MktNews ) - The Dutch government is opposing membership of Italy in Europe's planned single currency zone
and could threaten to renounce its own bid for participating in the project if Italy was admitted as a charter member, a
prominent German news magazine reported Monday.

http://www.economeister.com/news/1998_01/12/033000po.htm

Date: Tue Jan 13 1998 08:36
STUDIO.R (@I slept with my Golden Sword last night.....) ID#93232:
And now I know how John Wayne Bobbitt felt. Ouch! Call me Morrrreeeccceee. Gold finally gets a break today, hopefully. Go Gold Bugs!

Date: Tue Jan 13 1998 08:30
Fred(@Vienna)__A () ID#185448:
Haggis_A:
Overwhelming, thank you very much.

Date: Tue Jan 13 1998 08:28
nomercy (Atlanta Fed inflation is apt to increase modestly,) ID#390214:
Market News Service - Although the U.S. economy is apt to slow in 1998, inflation is apt to increase modestly,
according to the Federal Reserve Bank of Atlanta.

In 1998, the nation should see slower real economic growth than in 1997, with inflation incrementally higher although
still less than 3% as measured by the consumer price index, the Atlanta Fed said in a just released Regional Update.

The Atlanta Fed special report said the Asian financial crisis will hurt net exports, but said export prospects remain
favorable for U.S. trade partners outside of Asia. Aside from a widening trade deficit, the economy does not appear to
face other imbalances that could hurt its performance, it said.

For both the national and regional economies, the key concept for 1998 is balance, the Atlanta Fed report said. The
national economy, going into the eighth year of expansion, has strengths and weaknesses, but overall there seem to be no
serious imbalances that would require or cause a dramatic downturn.

The report said real GDP growth is apt to slow from 1997's 3.5 - 4.0% range to around 2% in 1998, then rebound in
1999. It said this deceleration will not be due to imbalances, but will be almost entirely related to a maturation of the
business cycle. While forward momentum will continue, rapid growth will pause temporarily as a consequence of rapid
investment gains in past years.

By mid- 1999, growth will likely strengthen somewhat as investment picks up moderately, the Atlanta Fed report
continued.

Contrary to speculation about deflation, the Atlanta Fed projected some slight acceleration in inflation. While GDP
growth will probably slow, the CPI increase is likely to accelerate as conditions that were favorable in 1997 wane, it said.
Noting that food and energy prices declined slightly in 1997, while competition held down prices for other consumer goods,
it said some of these conditions will not be repeated.

Additionally inflation in the prices of services ( excluding energy services ) should increase moderately in 1998 as a
result of continued strong pressure in housing rents and rising labor costs of producing services, the Atlanta Fed projected,
adding, Medical care costs are expected to accelerate moderately over the next two years.

The report predicted the overall CPI and the core CPI should rise to just under 3% by the end of 1999. Adding to
potential inflation pressures, the Atlanta Fed noted, national labor markets remain tight.

The report singled out net exports, as influenced by Asian economic and financial difficulties, as the main source of
economic weakness, but downplayed it. Over the next two years, relatively strong income growth and the lagged effects
of a stronger dollar should result in further widening of the trade gap, it said. Declines in equity markets in Asia have
been dramatic, but forecasts for economic growth for U.S. trading partners in that region have not been revised downward
significantly although this outlook may change if turmoil persists.

The report noted that Canada and Mexico - - two primary destinations of U.S. exports - - are in excellent health. It
also noted that Europe and Japan should enjoy moderate growth.

Domestically, the Atlanta Fed publication said the consumer sector is expected to remain strong, driven by healthy
fundamentals. It cited strong income gains and stabilizing debt service burdens. Housing should remain healthy, while
nonresidential investment will slow, then rebound in 1999.

Date: Tue Jan 13 1998 08:23
Haggis__A (Fred(@Vienna)) ID#398105:

G'Day Fred,

An array of home pages for Australian and International exploration and mining companies. Save them to a file, and check at will......

http://www.asx.com.au/

http://www.oberon.com.au/Mining_InfoPage/

http://www.minmet.com.au/links7.html

http://www.comcen.com.au/~ozgold/profiles.html

http://www.hotcopper.com.au/Default.htm

http://goldsheet.simplenet.com/

http://www.agso.gov.au/

http://www.globalgold.com/

http://www.reflections.com.au/MiningandExploration/index.html

Aye, Haggis

Date: Tue Jan 13 1998 08:22
nomercy ((A reason for the madness ) ID#390214:
US TREASURY OFFICIALS CONSIDERING EXTENDING DEBT MATURITY

WASHINGTON ( MktNews ) - Reconsidering a debt management strategy more than five years old, U.S. Treasury

Department officials told Market News Service they may use the good fortune embodied in the favorable budget situation

and the lowest long- term interest rates in years as an opportunity to extend the maturity of the public debt.

Officials said the favorable budget outlook is now on the table, as the White House has acknowledged that the FY1998

budget is likely to have a deficit that is smaller than the $22.6 billion of the prior year.

In the recent past, the favorable budget situation was simply implied in the Treasury's financing plans, officials said, as

the administration strove for agreement on what to do with the money flowing in. But inaction on additional spending plans

leaves the Treasury with the option of paying down debt and choosing the maturity sectors where new issuance will be

concentrated.

Tax receipts for the first three months of FY1998 through December appear to be running more than 10% ahead of the

comparable year- ago period, the Treasury's cash projectionists said. While the December 31 cash balance came in at

$31.9 billion, about $3 billion under the $35 billion target that the Treasury announced on October 29, the difference is

viewed as minor.

Meanwhile, long- term market interest rates have fallen to their lowest levels in about 20 years as a result of flight to

safety during the Asia crisis. Debt service costs, budgeted at about 17% of Federal expenditures, could fall as a result.

The Treasury's market financing strategy that was put in place about five years ago said that the steep structure of the

yield curve - - at more than 350 basis points at times in 1994 - - implied interest savings if the Department issued relatively

more short debt. But market analysis officials note that the shape of the yield curve has changed in last three months as

long- term rates fall to historic lows. The advantage of issuing shorter debt has eroded significantly, officials said.

In the past, the Department has avoided making interest rate calls one official said. But the continuing declines in

rates are tempting, this official said. The Department has attempted to achieve interest rate savings in the more distant

past, via early redemptions and securities swaps. The history is there for more creative debt management in an

environment of declining rates, the official said.

So far in FY1998, the Treasury has paid down about $7 billion in bills ( excluding Cash Management Bills ) and has

raised about $3.5 billion new cash in coupons. Lower issuance should be expected in the future, officials said.

Market speculation that the Department might eliminate a long bond offering at the November refunding appears

premature in this view. Rather, Treasury pay- downs could continue to be centered in the Treasury bills and the

Department might choose to concentrate its issuance in certain sectors. The 2- year, 5- year and 10- year notes and the

30- year bonds are seen as most important, officials said.

There is Street interest in the shorter notes for hedging against corporate deals and in the 10- year for comparison

against other international bonds. The 30- year is fairly unique to the U.S., but officials remain proud that the U.S. is the

only country with markets deep enough to deal with a long- term benchmark issue.

http://www.economeister.com/news/1998_01/12/102000pf.htm

Date: Tue Jan 13 1998 08:21
Pete (Silverbaron-SSC warrents) ID#22451:
Thank you for your input. I believe that the holders of SSC preferred stock were issued warrents in lieu of preferred. This was done to decrease their short term liabilty. The current price is +/- $0.25/warrent. The amnt of warrents outstanding is I believe minimal and should not affect the price of SSC very much.
As to the number of outstanding shares, everything is relative. ie, 30,000,000 shares @ $1.00 or 15,000,000 shares @ $2.00. As Jack mentioned, the probability of a reverse split would make sense.

Date: Tue Jan 13 1998 08:07
Speed (Murrstein) ID#286199:
What will you jump to? Do you have a clear plan for reversing your losses? Have you reached a pre- set exit point? It sounds like you are making an emotional decision rather than a logical one. I'm not telling you what to do, just requesting a reality check.

Date: Tue Jan 13 1998 08:04
Fred(@Vienna)__A (Leo Shield) ID#185448:
Great! Thank you, JOE Smith.

Date: Tue Jan 13 1998 08:03
Haggis__A (MURRSTEIN.....don't be a Frankenstein!!!!!!!!!!!!!!!) ID#398105:


Date: Tue Jan 13 1998 07:56
JOE Smith (request for details on Leo Shield--home site is) ID#184165:
http://www.leoshield.com.au/

Date: Tue Jan 13 1998 07:53
Silverbaron (MURRSTEIN - Don't jump ship!) ID#289357:

Look at the following gold envelope chart: Indicates ( to me ) that the bottom is probably about $273, as the outer envelope is turning up. Look for a low THIS WEEK and a strong rally into Feb. Then sell if you wish.

http://www.intersurf.com/~vor/gold.html

Date: Tue Jan 13 1998 07:49
MURRSTEIN () ID#348295:
I have been long gold stocks for over 13 months, but enough
is enough. I have suffered long enough. I have a very large position
in a certain gold mutual fund, and I hate to do it, but I totally
give up as of today. They have given up it appears to me, so I will
too. NO MORE...

Date: Tue Jan 13 1998 07:48
John Disney__A (Bears and deer and spewmongers) ID#24140:
For Ravenfire -

Spewmonger - I really like that - Can I use it sometime?.

Yes and we cant blame it all on Clinton - the fact that

he is so popular means that there are a lot of Americans

just like him.

It must be nice not to have been born in 1965.

For Oris -

I like betting on horses a lot. Its predicting the

future and you dont have to wait so long to see if

you're right or wrong - maybe one to three minutes.

I hunted when I was young - potting squirrels. Once

I hunted deer in upper NY State. No deer but a brown

bear stumbled across me and a buddy of mine while we

were warming ourselves by a fire we made and drinking

a bit- Guns were resting on a tree - bear was BIG.

We all stared at each other for what seemed a long time

then the bear took off through the bushes. Fast man

Fast - and he left a scent so strong that you could

follow it.

He went in a swamp with about 100 thickets in it.

We were not about to go into those thickets to get

him - Score bears zero - Disney zero - we left it

like that. So I toast the bears and the deer of the

forest. Long may they live.

Date: Tue Jan 13 1998 07:42
Silverbaron (Pete - SSC) ID#289357:
Part of the problem with SSC has been the large number of outstanding shares, even though they have excellent reserves, which lowers their leverage to 1/3 or 1/4 of heavily- leveraged silver shares like PAASF, SSRIF, FSR.V etc. ( I found out about the leverage in reverse, yesterday! ) Are you aware that SSC has non- callable warrants? I believe they trade OTC in the US with symbol SILVZ. These could be used to increase the leverage of Sunshine in a silver bull market.


Date: Tue Jan 13 1998 07:41
JOE Smith (Munni Munni) ID#184165:
details can be learnt from,

http://www.hotcopper.com.au/hottips3/

look for postings for legend mining LEG ( 30% ) and east coast ECM ( 70% )

there is a search page look for postings by tommy

also last months page at http:/www.hotcopper.com.au/hottips1/

Date: Tue Jan 13 1998 07:38
Carl (All: Read SDRer's1:57 and Donald's 5:46 on Brazil) ID#333131:
As posted recently, US bank exposure is mainly in S America. Asia is mostly Europian Banks' problems.

Date: Tue Jan 13 1998 07:36
Pete (Jack-SSC, your 03:30 post) ID#22451:
I have known that SSC has changed their policy of doing business positively. They have a tremendous amnt of silver also that they have not put on the market for obvious reasons.
SSC is on the verge of becoming profitable, and when it does, look for a moon shot. There has been some bashing of Sunshine on this net, which would have been deserved several years ago but is no longer valid. I've staked quite a bit of risk money on SSC recently. The possibility of their stock doubling or more in the near future is realistic.
GO SUNSHINE!!!!!!!

Date: Tue Jan 13 1998 07:34
Silverbaron (JOE Smith ) ID#289357:
What's the name of this company, and where is it traded? Thanx!

Date: Tue Jan 13 1998 07:28
JOE Smith (Munni Munni bulk tests suprise) ID#184165:
After drill showed 16% silver- - - we were then told that samples taken from addidt went 35% silver.

Then 100 ton sample removed for bulk sample is now being processed.- - If the silver values are unbelievable- - - then GOLD is now present- - - not previously found - - - but nuggets are present in mill- - they say- - - keep tuned

Date: Tue Jan 13 1998 07:19
ravenfire (interesting quote. anyone can verify this?) ID#365190:
If in 1965 you had taken $1 and placed it in gold, and another $1 and placed it in the stock market, then as of December 1997 your two investments would have yielded the same return. Each would have increased in value about eight times, to about $8

dang. i hate pasting from netscape.

was 1965 a particularly bad year for the NYSE? I can't remember - wasn't born yet then :- )

how's that for a comparison? ( especially to the spewmongers who know who they are on this site )


Date: Tue Jan 13 1998 07:16
Fred(@Vienna)__A () ID#185448:
Haggis_A:
Do you have any informations about some ASX- listed junior Gold- Explorers, namely Spinifex Gold NL, Leo Shield Exploration NL and Lafayette Mining NL? I was able to follow them via http://www.arn.net.au , but this address seems to be no longer valid. Thanx a lot in advance.

Date: Tue Jan 13 1998 07:13
Junior (Headlines Gold out of Fashion = CRAP!) ID#248180:
The work of spin doctors. Are Double- Brested Suits out of fashion?
Jon Kaplan's comparison to cost of business suits makes more sence.

Date: Tue Jan 13 1998 07:07
Junior (Monzel - OPEC) ID#248180:
Spot on. The USA is potentially the biggest loser when the OPEC Nations start to abandon the US$. When it starts to happen it will not be a gradual diminishing value in the US$ but a rapid abandonment ( they will act like a herd ) of the US$. OPEC, China, CIS Countries and the new Euro will all benefit. The spin doctors are out of spin material. If it does not happen soon it will happen later. It will happen. Buy PM's and Mining Stocks!

Date: Tue Jan 13 1998 07:07
Silverbaron (Headlines for Gold Price) ID#289357:
I'm extracting these headlines from the Dec Issue of Gold Newsletter, for those who don't have access to a copy. I find them very amusing and revealing in the current climate:

From The Wall Street Journal ( July 3, 1976 )

Official Gold Sales Hit Gold

Sentiment is for lower gold prices. A dealer cites the planned series of bullion auctions by the International Monetary Fund as a continuing depressing factor over- hanging the market.

From The Wall Street Journal ( July 20, 1976 )

The Journal quotes one banker who says, I don't know where we go from here. I'd hate to say $90 an ounce, but I suppose even that is possible.

From Barron's ( July 22, 1976 )

Gold's Intrinsic Value Is $5.00 An Ounce

Thanks to the latest IMF dumping of the stuff ( gold ) , the great rush of '76 - - to unload - - took on the makings of an old- fashioned panic. but take heart, gold bugs! Dick Donnely, from his privileged perch in the Commodities Corner, assures us that the intrinsic value of the metal is at least $5.00 an ounce.

From Financial World ( Fall 1976 )

Gold Is Distinctly Out of Fashion

...Gold, that fair- weathered friend, is distinctly out of fashion. Even to bring out the subject is to lay oneself open to sneers.

From The Economist ( September 11, 1976 )

There seems to be little to stop the price of gold going below $100 an ounce.

From Business Week ( September 13, 1976 )

Gold To Be Demonetarized

With gold down to $106.60, $3.40 from the low, Business Week said, The new low for gold in an indication that the central banks of the world, particularly the U.S. Federal Reserve, and the West German Bundesbank. are determined to press on with their plans to demonetarize gold regardless of what that does to its price.

From Money Magazine ( December, 1976 )

Gold's Move From $103 to $140 Is Not The Beginning of a Bull Market

The rebound in the gold price from the low of $103 per ounce in August to around $140 by mid- November probably isn't the beginning of another sustained boost because neither runaway inflation nor recession are immediate global threats. That's the view of gold watchers who aren't 'die- hard' gold bugs.

......And then gold went to $850 per ounce by January 1980.


Date: Tue Jan 13 1998 07:07
ravenfire (more interesting reading about the great U.S. of A) ID#365190:
http://www.zolatimes.com/V2.1/Dominoes.html

Date: Tue Jan 13 1998 06:43
Haggis__A (mozel.......the gold price of oil............spot on!) ID#398105:


Date: Tue Jan 13 1998 06:41
Leland (Rub your sleepy eyes when you check Kitco..) ID#316193:
At 6:19 A.M., NY, Gold UP $1.35 @$279.50 and silver UP $.11 @
$5.62

Date: Tue Jan 13 1998 06:38
Haggis__A (Anvil Mining.......currently AU$0.12 per share) ID#398105:


Date: Tue Jan 13 1998 06:36
Haggis__A (Anvil Mining ........one to keep and eye on) ID#398105:

Anvil Mining NL
ACN 060 478 962
A mining company developing one of the highest grade copper/silver
deposits in the world within extensive, under explored exploration areas
in the Democratic Republic of Congo ( formerly Zaire ) . Listed on the
Australian Stock Exchange, code AVL ( shares ) and AVLO ( July '98
options ) .

Anvil Mining NL announces further high grade intersections from its
Dikulushi project in the Democratic Republic of Congo. The best copper
grades were in hole DRC 25 which intersected 19 metres at 25.2% Cu.
Silver assays were received for DDH 19, which was previously reported
with the highest grade copper intersection to date. The silver assays
for this hole include 11 metres at 979 g/t ( 31.5 ounces to the tonne ) .

http://www.oberon.com.au/Anvil_Mining/index.html

Date: Tue Jan 13 1998 06:20
Donald__A (IMF blames sloppy banking for current crisis) ID#26793:
http://www.theage.com.au:80/daily/980112/bus/bus5.html

Date: Tue Jan 13 1998 06:13
Donald__A (Confidence slipping in Japan) ID#26793:
http://biz.yahoo.com/finance/980112/japan_econ_3.html

Date: Tue Jan 13 1998 06:08
Donald__A (Japan talking really BIG numbers) ID#26793:
The LOS ANGELES TIMES on
Tuesday fronts a report that
has the Japanese government,
accused for years of
downplaying the woes of its
banking industry, revealing
that the nation's banks are
burdened with more than $715
billion in troubled loans - -
nearly 15 percent of the
banks' total loans...

Date: Tue Jan 13 1998 06:00
Donald__A (Chinese economic locomotive signals Asian crisis avoidance; Wu, Wu, Wu) ID#26793:
http://biz.yahoo.com/finance/980112/china_debt_1.html

Date: Tue Jan 13 1998 05:59
baba__A (Merrill and silver) ID#249147:

I read that RJ mentioned that Merrill was big short silver. I am informed that Merrill doesn't actually trade the metals in any substantial size for themselves as they do not have a proprietary trading effort.

They are good comentators and their customers may be short but I really doubt if they are directly in the game.


Date: Tue Jan 13 1998 05:57
Ted (Donald.................................and kids today) ID#364147:
Us 'kids' ain't all bad....Beautiful sunrise on the North Atlantic this morning as the moon sets in the west ( SPECTACULAR )

Date: Tue Jan 13 1998 05:53
Donald__A (@Ted) ID#26793:
As Carl says, I have been doing the semi part of Semi- retired. Helping out at my old job with stuff no one wants to learn how to do. Kids today.

Date: Tue Jan 13 1998 05:51
Donald__A (Mexican interest rates jump on Asian worries) ID#26793:
http://biz.yahoo.com/finance/980112/brazil_won_4.html

Date: Tue Jan 13 1998 05:48
Ted (Donald................) ID#364147:
Sleeping in these days ( grin thing )

Date: Tue Jan 13 1998 05:46
Donald__A (Brazil readies itself for speculative attack against currency.) ID#26793:
http://biz.yahoo.com/finance/980112/brazil_won_4.html

Date: Tue Jan 13 1998 05:34
2BR02B? (@relativity) ID#263153:

The foot declined vis- a- vis the centimeter, the quart is
surging ahead of the liter.



Date: Tue Jan 13 1998 05:26
Donald__A (Courtesy of Auric) ID#26793:
The Mining Investment College and The Gold Book Annual Present an Evening
With One of the World's Foremost Authorities on Central Bank Gold Sales
and= 85
What Is Likely To Happen Next


Will gold continue its bear market under the pressure of further central
bank selling? Or, is the selling almost over, signaling a substantial
rebound in gold bullion and share prices?= 20

On Tuesday evening, January 13th, 1998 the Mining Investment College, in
conjunction with the Gold Book Annual, will present a unique opportunity =
to
hear the views of Frank Veneroso, one of the world's leading authorities =
on
gold supply and demand, including central bank gold sales and gold loans =
- -
the underlying causes of the collapse in gold in 1997.

The presentation will offered via a live simulcast teleconference and
Internet audio conference, and will be moderated by Mining Investment
College faculty member Adrian Day of Global Strategic Management. At the
conclusion of the presentation, questions from the audience will be
fielded.

About Frank Veneroso: Taking on Goliath

Frank Veneroso has challenged the Goliath of gold market statistics,
London's Gold Fields Mineral Services ( GFMS ) . Every year GFMS publishes =
a
report on gold supply and demand, and their conservatism, reputation, and
well- developed network of sources have made that report the industry's
unchallenged standard = 96 until Mr. Veneroso started doubting the figures=
in
public, maintaining that GFMS is far too conservative and has significant=
ly
understated gold demand.

Mr. Veneroso is in a unique position to know about gold transactions.
His career spans decades of global finance and investment trading and
includes working with governments ( Bahrain, Bolivia, Brazil, Chile,
Ecuador, Korea, Mexico, Thailand, Venezuela, and the UAE ) , international
agencies ( The World Bank, The International Finance Corporation, and
Organization of American States ) , financial institutions and corporations
around the world. Mr. Veneroso has served as the lead strategist for one =
of
the world's largest hedge funds, and stays in daily contact with the
billion- dollar money managers and central bankers who move today's market=
s.

While his contacts are unsurpassed, it is Veneroso's genius at
interpreting
the arcane nature of global investment flows that keeps the market's powe=
r
brokers answering his calls and subscribing to his $8,000 per year Gold
Watch fax service. He is perhaps the only analyst who has been able to
unravel the complex and unprecedented developments in the global market
over the past few years. What he has to say has major implications for
gold investors in the coming months.

Join Frank Veneroso and moderator Adrian Day for a one- hour discussi=
on
covering what's on every gold and mining stock investor's mind: CRITICAL
FACTORS AFFECTING GOLD MARKETS: Is the end of the bear market in sight?

How to Participate

To participate in this program you will need to contact The Mining
Investment College to receive an access code which allows you to listen i=
n
on the presentation by telephone conference call, or by using your
computer's Internet audio capability. Following the conference, you will
receive a complete written transcript of the text. The cost of the one- ho=
ur
program is $69, which does not include telephone access charges ( 10 cents=
a
minute, or $6.00 for the hour. The program is structured this way because
it allows the program's question and answer session to continue past the
scheduled hour, if needed, and only those who remain connected will be
charged. )

Additionally, all participants will receive valuable discounts off o=
f
future Mining Investment College programs and off of the cost of the
soon- to- be- released Gold Book Annual, a comprehensive analysis of current
gold markets. As well, as a sign- up bonus, you will receive an hour- long
audio- taped program on mining geology from The Mining Investment College.

The availability of this program is on a first- come, first- served basis. =
To
reserve your space, call today 1- 888- 846- 9029. The last time Mr. Venero=
so
agreed to conduct a similar review session for investors, it was a comple=
te
sell out ( by a factor of two ) . Call today to register for this importan=
t
and timely presentation.



Date: Tue Jan 13 1998 05:23
Ted (JIN) ID#364147:
Welcome back!!!!

Date: Tue Jan 13 1998 05:04
Ted (BART...............................HELP..................) ID#364147:
BART: Is there a reason that us 'Cape Bretoners' can't read or post after the early AM hours...been goin on fer while dude....

Date: Tue Jan 13 1998 05:00
Ted (WSJ World of SILVER....and they caught the 'gunman' @ the Tokyo Stock exchange) ID#364147:
SILVER: Futures fell further at the Comex division of the New York
Mercantile Exchange as the market remained uneasy at the possibility of a
class- action lawsuit against market participants for alleged price
manipulation. The March contract fell 16.3 cents to $5.475 a troy ounce.
It has lost 54.3 cents in the past three trading sessions.

Martin Armstrong, chairman of the Princeton Economics Institute, told
Dow Jones Newswires on Friday he had been contacted by a law firm for
advice on whether there is evidence of price manipulation, with a view to a
possible suit. The firm, which Armstrong wouldn't name, hasn't announced
a suit yet.

Silver continues to see heavy- duty liquidation as it tries to sort out who's
done what to whom, said Dinsa Mehta, Chase Manhattan Bank's global
head of commodity risk.

ORANGE JUICE: Futures rallied on the New York Cotton Exchange
after aggressive buying by commodity funds, analysts said. The Ma

Date: Tue Jan 13 1998 04:52
APH (Silver, one more try) ID#25588:
I'm going to try this again, maybe I can get it right this time.
Using the path of the 1993 march silver contract as a guide;

Silver's Wave count in 1993:

wave 3 was slightly more
then 1.618 x wave 1

wave 4 was slightly more
then .618 x wave 3

wave 5 was almost
exactly 1 x waves 0- 3
added to wave 4

Silver in 1998

wave 3 was slightly less
then 1.618 x wave 1

if wave 4 is .618 of
wave 3 it end at 5.35

if wave 5 is equal to waves
0- 3 added to 4, the wave 5 top
should be between 7.35- 7.40

Date: Tue Jan 13 1998 04:49
mozel (the gold price of oil & to Jack) ID#153102:
OPEC is the potential source of gold denominated transactions for oil. The middle- east only figures in because Saudi Arabia dominates OPEC.

As a further note on this line, is Indonesia so important to the US that its debt problems which only amount to $40 billion should merit personal emissaries from Treasury and Department of Defense ? Or is it the fact Indonesia is rich in oil and gold and rice and fully capable of meeting its every foreign need by transactions in these commodities without any recourse to the dollar trading system that is so disturbing to Washington ? Indonesia does not in fact need the dollar trading system unlike the poor Koreans. Only one nation has to walk away from dollar denominated international debt and thrive for the dollar trading system to collapse.

Jack, why would you need AG if the medium of exchange were gold and silver coin ( or depository receipts redeemable on demand for them ) ?

Money is substance of gold or silver. Paper money is the same as to say paper tiger. The proper word for the concept of paper money is a check.

Date: Tue Jan 13 1998 04:45
Ted (@ Cape Breton ) ID#364147:
Well, looks like everything is just 'peachy' in 'equity- world again and gold is doin its thing ( Feb. Gold down 1.30 @ 277.60 ) ...

Date: Tue Jan 13 1998 04:30
Eldorado (@the scene) ID#173274:
One more. Feb gold has been up to 280.5 tonight. Mar silver to 5.54. I know it doesn't 'prove' anything yet, but they are getting close to where the rubber meets the 'hill' road up. They either break DOWN real soon or break UP real soon! If, as I think silvers low was in today at 5.4, then it no longer has any reason to look lower. We'll certainly see!

Date: Tue Jan 13 1998 04:18
Eldorado (@the scene) ID#173274:
Jack - - To hell with 'backing'! Incorporate each denomination of coin or bill with an equivalent amount, by weight, of one or more of the metals. And then CALL the denomination exactly what it is by weight, whether it be in ounces or grams. No more funny- money names! Let the currency of the nations 'back' themselves. Pure and easy one- for- one cross- border transactions too because Weight is weight.

Date: Tue Jan 13 1998 04:05
Jack () ID#252127:

A country should issue money in relation to its projected needs and never pay interest on it. Taxes would be much much lower and could be used to grow the econmy. Paper money can be pulled in or out of circulation as required, but backed by both gold and silver. Interest bearing instruments would only apply to private transactions. The fed would not be necessary, but the wizardy of men like AG would.

Date: Tue Jan 13 1998 04:03
Eldorado (@the scene) ID#173274:
Sharefin - - And before Friday, they will! Probably with a near limit open, with a subsequent fast and furious selloff. The only question is 'from what point'. They'll certainly want the bull crowd all aboard first so expect lots of good news between now and then.

Date: Tue Jan 13 1998 04:01
Gebernax (gulf war Saudi influence) ID#419147:
Another strange coicidence ( dont know what to call it ) in the Gulf War

USA generally dont intervene militarilly in the scale of Desert Storm, at least it hasnt in former Yugoslavia, several cases in Africa or if you want an earlier example - Cuban socialism in 60ties.

At the Gulf the reaction was in the scale of Korean and Vietnam wars and regarding the timetable FASTER.

Also, the leader of the Free World was supporting an absolute monarcy versus peoples republic at least in name. I agree only in name, but name was enough to support Pinochet- s Chile, right? The distinguished general was of cource a friend unlike Saddam. ( :- ) )

Geb

Date: Tue Jan 13 1998 03:59
Eldorado (@the scene) ID#173274:
Goodnight all. I've read some damned fine posts tonight! Thanks!

Date: Tue Jan 13 1998 03:57
sharefin (Rest of the week) ID#284255:
Eldorado
The boys got to cream the call buyers before friday
They enjoy this game more than anything else.
Pump the VIX and catch the suckers.
Bull or bear they don't care.

Hell, Asia's a million miles away.
What should they care.
They got the biggest game in town.

Date: Tue Jan 13 1998 03:55
Eldorado (@the scene) ID#173274:
Mozel - - I rather think that it is in 'papers' best interest to keep the middle east countries fighting amongst themselves. Should they all ever really band together towards the same cause, you would certainly see the wests paper interests and theirs part company. All the more reason for the petty dictators. You notice we never 'got' Hussein! It's because he is far more useful as a tool of 'disagreement' and non- alignment.

Date: Tue Jan 13 1998 03:46
farfel (Stevie Nicks Sings LANDSLIDE on DAVID LETTERMAN? NO WAY!) ID#28585:
When Stevie Nicks of Fleetwood Mac sings the somber Landslide on a comedy show like David Letterman, then it is safe to assume the Dow is headed down! ( Much better market indicator than the Super Bowl )

Sing the refrain, fellas....

...and a landslide will bring it down
and a landslide will bring it down

Date: Tue Jan 13 1998 03:42
Auric (James) ID#255151:

Re Newtron's post- - Alan Greenspan spoke of such bubbles in one of his speeches. His basic point was that it is critical to allow bubbles to burst and cause the necessary pain before they become too large and cause the collapse of the whole system. Many here think that the bubble has already reached that critical point where it can't be saved no matter what action is taken. Have we passed that point? My guess is that Greenspan himself does not know. The dilemma is whether the bubble can be pricked and the world still survive. If he has decided it cannot, then the only option is to delay its end as long as possible, not try to fix it. A re- reading of Hamlet would not be a bad thing to understand what he is facing. The difference being that the stakes are so much greater now.

Date: Tue Jan 13 1998 03:42
farfel (@Newtron re:23:44 POST...You've got it, man...) ID#28585:
Stagflation is where we are headed...shades of the early '80's...and a meteoric gold blast unlike any other!

Date: Tue Jan 13 1998 03:34
mozel (refer Gulf War oil deals) ID#153102:
Most of my time on this earth has been spent in the darkness of ignorance even though I was very well educated in conventional terms as a diligent student.

The origins of the Gulf War I now believe can be traced to 1862. The American dollar was minted silver from the birth of the Republic. But, Chase's Greenbacks were payable in gold. After the War of Northern Aggression, the American people were condemned to bear the Cross of Gold made famous by the speech of William Jennings Bryant. The Greenback was an I.O.U. for gold. Think of it as the original derivative instrument. Gold and silver and paper for gold and silver circulated side by side for a time. But, the official ratio between gold and silver, the silver dollar, and the promise to redeem the Greenback dollar in gold were vulnerable to speculators using the derivative Greenback to corner the physical substance. Remember Jay Gould and Diamond Jim Brady ? In addition, borrowing in paper on the guarantee of the 14th Amendment that the public debt shall not be questioned grew and grew, causing periodic credit panics. By 1913 the Federal Reserve System had been established to assure the government ready access to credit outside the private credit markets. Borrowing proceeded. From 1914- 1919 Europe bankrupted itself in War and the U.S. became the creditor nation to England whose currency was the reserve currency for international trade. By 1933, the American national debt in Greenbacks exceeded the whole world's supply of gold by several multiples. FDR made it illegal for an American to have gold and denominated the dollar in gold for international purposes. Borrowing proceeded. By 1971 it was necessary for the bankrupt American government to disconnect the dollar from gold for international purposes or exchange all of its gold for paper.

Oil contracts are settled in dollars. When a dollar was no longer exchangeable for physical gold, the Arabs formed OPEC and began pricing oil in dollar amounts sufficient to compensate for the American inflation of the fiat paper. Western economies ground to a halt from the oil price shock. The West appeased the Saudi's with hard assets in the form of physical infrastructure in Arabia and concessions to own hard assets in the West. And when gold fell in price, in addition, the Saudi's were appeased. And partially weaned from gold. But, if the dollar price of gold and the dollar price of oil diverge ever again as they did after 1971, the advisors to the King in Arabia will lose their heads and the fiat currency system will again be at risk. Was not the mere potential that OPEC might denominate the price of oil in ounces of gold instead of in paper dollars the impetus for the West to restore the emir of Kuwait to his throne ? The Saudi's ran the Gulf War. The Americans, et al. were just their mercenaries. Is it not passing strange that the good socialist Saddam Hussein, who has always been willing to sell oil for paper, should become the object of an international socialist war ? Is this not plain testimony to the power of the substance of oil over the emptiness of the world's fiat currency system ?


Date: Tue Jan 13 1998 03:30
Jack (Sunshine Mining) ID#252127:

A turnaround may be imminent.....if and when...... they can get their Pirquitas property on stream. It will cost big bucks; as for any large mining project it will be a big risk. Interestingly mining costs fell considerably at the old Sunshine Mine during the 3rd Quarter - on the basis of more tons processed- thid could mean that they probably have solved past problems there. They still have too many shares out and I believe that somewhere down the line they will do a reverse split. Keep an eye on this one. http://www.sunshinemining.com

Date: Tue Jan 13 1998 03:24
Eldorado (@the scene) ID#173274:
James - - Funny how debt creation based upon debt creation .... Ad nauseum works. Too loose of credit and with a debt based monetary system to begin with! Kind of like continuing to pump air in your tire that has a small hole in it. No problem as long as the air going in is the same rate as is flowing out. But, just leave the spigot turned on and soon you are exceeding 30PSI, then 40. Soon, in a blink of an eye, that hole just begins to open wider as the prelude to an all out blowout! VERY quickly, you have a flat tire. Question is, where do you get a replacement? Oh yea! There is a spare in the trunk. Have to brush the dirt off of it though. Probably will take nine guys and a small dog to lift it out of there. It's rather heavy. Made of gold so it shouldn't ever go flat. Even has a silver lining. Don't know why we ever rotated it to the trunk in the first place. Damn salesman thought I might get a 'softer' ride with this here new- fangled paper tire! Sure has been a lot of bother. Sure did let us down.

Date: Tue Jan 13 1998 02:55
Eldorado (@the scene) ID#173274:
Well, let's see what I can gleen from the March S& P. Perhaps a run to 965 - 970, but not before a pause and bounce from the 955 area. THEN we'll see if there be more or if there be 'less'.

Date: Tue Jan 13 1998 02:41
James (I would like to nominate Newtron's 23.44 as) ID#252150:
the most depressing, apocalyptic post to ever appear on this forum. Although I've only lurked here for just over a year, I can't imagine another post even coming close. By refering to the mask of red death

& the pale rider as examples of what's in store for us, he makes Puetz's postings appear to be almost pollyanish in comparison.

Date: Tue Jan 13 1998 02:38
Poorboys (Creamcheese@on@Neptune) ID#224149:
LGB= ROCKETMAN Don't leave Kitco laughing all night Fly me to the moon or I found my thrill on space pad hill Play with any wires latley?Away to find Eb to corner the Platinum market.

Date: Tue Jan 13 1998 02:35
Buddy (News Flash!) ID#261151:

Look at this. Another dissenting Air Force person who was present at the examination disputes brass. http://www.ruddynews.com/jan13.html

Date: Tue Jan 13 1998 02:30
Eldorado (@the scene) ID#173274:
John Disney - - Probably that 'crunch time' is getting very close.

Date: Tue Jan 13 1998 02:26
Eldorado (@the scene) ID#173274:
SDR - - Paper is what paper does best; capture ink an BURN! And the race to 'safety' continues. The bankers banker will continue to flood the scenes with more debt paper to cover debt paper. What a concept! The Tsunami waves are reaching far and wide with no less impact. In fact, they are growing in strength as others topple. We ain't seen nothing yet!

Date: Tue Jan 13 1998 02:24
John Disney__A (Lease Rates) ID#24140:
To all

short term lease rate rose abruptly yesterday

What does this mean


Date: Tue Jan 13 1998 02:08
aurator ( Oh! Éß!) ID#255284:
All

G'day. ANOTHER astonishing day of posts@kitco. Thanks to all, and welcome to the newcomers.


“They who give have all things. They who withhold have nothing.”



Date: Tue Jan 13 1998 02:05
Eldorado (@the scene) ID#173274:
Oris - - Actually, they are both eco- political. Democracy is essentially rule by the mob in that they can easily persuade their politicos to change the rules in their favor and the politicos will do so to maintain their power. This generally takes the form of ever increasing welfare, I.E., larger and larger transfer of payments from those who work to those who don't. Socialism is only different in that you know up front what to expect of the system. Ownership? Under a 'democracy', you may own the business, but as all the rules, regulations, taxes, fees and payments alude, one certainly does not control it. You only get the risk. So big deal! Also, have your house paid for and then try skipping your real estate tax payment. See who REALLY owns it! You'll find that it ain't you! Yes sirree, a renter yee shall always be!

Date: Tue Jan 13 1998 02:04
EB (A Goose........I do not recommend) ID#22956:
But if I were ever to recommend it would be the same advice RJ gave to me and to all of us when he first appeared on kitco.

BUY THE DIPS.

away

Éß

Date: Tue Jan 13 1998 01:57
SDRer__A ( Brazil: Shadow of tesobonos looms over central bank) ID#28594:
FT TUESDAY JANUARY 13 1998
By Geoff Dyer in São Paulo

Facing a crisis of confidence in its economy and a run on its currency, a Latin American government issues dollar- indexed debt in its domestic market to ease investors' concerns, but ends up creating a further set of problems for itself.

Sound familiar? Throughout 1994 the Mexican government issued ever
greater amounts of dollar- linked paper - largely in so- called tesobonos - in order to reassure those foreign investors who were worried about potential currency risk.

The build- up in domestic dollar debt was then one of the principal causes of the government's liquidity crisis after the bungled devaluation. The experience has left the word tesobonos scorched in the memories of many US fund managers.

Fast forward to late 1997 and traces of the same process can be detected in Brazil. With its currency coming under pressure as a result of the Asian economic crisis, Brazil has increased significantly the issuance of domestic dollar- linked paper.

Between the end of May and the end of November, the amount of
government dollar- indexed securities rose from R$15.6bn to R$27.7bn
( US$24.8bn ) , an increase of 78 per cent. The outstanding debt is equal to 53 per cent of reserves.

We are well aware of the tesobonos curse, said Francisco Lopes, director of monetary policy at the Brazilian central bank. The government intended to keep the level of short- term dollar obligations within 20 per cent of reserves, he added.

However this goal has already slipped. At the end of November, the
R$15.3bn which was due to mature in 1998 was equivalent to 27 per cent of
reserves.

This creeping dollarisation forms part of a broader anxiety about Brazil's ability to roll over its huge internal debt stock of R$255bn. The near doubling of interest rates in order to defend the currency is putting pressure on an already large budget deficit. Meanwhile the financial market turmoil has co- incided with a period of hefty debt repayments - $19bn in December, $20bn this month and $18.5bn in February.

John Welch, Latin American economist at Paribas in New York, said
potential difficulties in rolling over the domestic debt were the principal risk facing the Brazilian economy.

If the authorities continue to issue US dollar- indexed liabilities, the credibility of cash reserves will be compromised at some point, said Arturo Porzecanski, head of global research at ING Barings in New York in a recent report.

Could this be a re- run of the tesobonos experience? The growth in domestic dollar- linked debt has certainly alarmed investors. However economists stress important differences from the build- up to the Mexican crisis that make the Brazilian situation less risky.

First, the Brazilian securities have an average maturity of 17 months, which means the immediate threat of wide- scale conversion into dollars is much less than in Mexico, where the average maturity was considerably shorter.

Moreover, in the Mexican case foreign investors made up 70- 80 per cent of
the investor base in the domestic debt market. In Brazil, foreigners play a negligible role, owning probably around 5 per cent of outstanding paper.

Some economists argue that the nationality of these investors is irrelevant because when a crisis really takes hold, capital of all colours seeks an exit. However, François Gour, Latin American strategist at Caspian Securities, said that, unlike Mexico, Brazil had a large market of investors who were obliged to buy local assets.

These included an $80bn pension fund industry which had to invest mainly in Brazil, and the banking sector, which had to keep a large part of its $100bn deposits in Reals. When you add it all up, it means there is a large captive market for Brazilian paper, Mr Gour said.

The institutions buying these bonds also have a different motivation from those in Mexico. Tesobonos were purchased by foreign fund managers looking for higher yields but no currency risk. In Brazil, the demand has come largely from less fickle Brazilian banks looking to hedge dollar positions.

In most cases these banks have acted as a counterparty to an investor looking to hedge their Real exposure, often by selling the currency in the futures market. A dollar- linked bond issue gives the bank a dollar asset to match its liability, without the need to go into the foreign exchange market, which would put pressure on the currency.

However, despite this subtle distinction, the same process is at work. The increasing issuance of tesobonos measured the declining degree of confidence of foreign investors in the currency: in Brazil the growth in dollar- linked paper is a yardstick for the level of hedging against a currency devaluation.

Perhaps the starkest contrast with the Mexico of 1994 has been the
government's response. In spite of concerns about the level of the peso, the Mexican government did not take tough monetary or fiscal action. Brazil's economic policy makers, led by the finance minister, Pedro Malan, have raised rates and introduced an austere fiscal package to restore confidence in its currency - even though 1998 is an election year.

These decisive steps have earned Brazil some breathing space. Recent debt
auctions have been much better subscribed and maturities are extending,
easing fears about a failure to roll over expiring debt. Meanwhile interest rates have started to fall and reserves appear to be recovering.

However, investors will continue to watch the domestic debt market closely. A sharp worsening of the crisis in Asia or a large Wall Street correction could spark another wave of global market volatility and prompt a further liquidity crunch in emerging economies. And this time it would reach Brazil when the domestic debt market is already stretched tight.

Date: Tue Jan 13 1998 01:45
Auric (49'rs and Golden Dogs) ID#255151:

John Disney- - Thanks from Lester and myself for the thoughts. Yes, dogs do have souls. Golden Retrievers are guileless and full of love and beauty, much like Gold itself. For all- - Here is an interesting page on the California Gold Rush. Good photos and first hand accounts of that era. The year long sesquicentennial celebration starts January 24, 1998, the 149th anniversary of Gold discovery at Sutter's mill. http://www.glittering.com/home.html

Date: Tue Jan 13 1998 01:43
refer (mozel@oil deals) ID#41229:
What specifically were the oil deals that came out of Gulf war. Thank you

Date: Tue Jan 13 1998 01:42
Eldorado (@the scene) ID#173274:
RJ - - Yup, and it won't be very long before the situation 'speaks'. Probably no later than Wednesday. But one thing: from the current level, it should at least get a run- up to the 5.80+ area, even if it should resume a downward path thereafter. It needs to break 6.00 and not particularly look back for the run- up to continue. If it breaks any/much below todays level instead, it'll be hard and fast and I too think that it'll be done for the while and we'll learn about the Comex stocks after the fact.

EB - - Thought the platinum should have broke on up today too. Perhaps today. And palladium hasn't even yet seen the light of day!

Anybody like cocoa? I think it is either now primed to go up with barely any downside, if any, left tomorrow, or it'll break much lower thereafter. But not without at least a move up. Place your bets.

Date: Tue Jan 13 1998 01:41
John Disney__A ( I just got started) ID#24140:
to all

The Economist is what LGB would write IF he had taste,

class, style, and could spell. In other words, it's well

presented crap ( imho of course ) .

But the last four pages are good.


Date: Tue Jan 13 1998 01:35
John Disney__A (The Economist - a disclaimer) ID#24140:
To all

The only value in the Economist Magazine lies in the 4

pages of fine print at the rear of the Magazine which contain

economic information. Sometimes they also have good book

reviews. Otherwise the magazine is trendy touchy feelie

crap dressed up in glib writing.

Date: Tue Jan 13 1998 01:30
John Disney__A (Japanese reserves) ID#24140:
for jcw and newtron

The Economist lists Japanese reserves as of last october at 227

billion excluding gold

Date: Tue Jan 13 1998 01:30
themissinglink (Asia) ID#373403:
What are they so happy about tonight?

Date: Tue Jan 13 1998 01:29
HighRise (tolerant1) ID#401237:
Yes it can happen, scares me.
I had dinner the other night with an old friend. He was in the US Foreign Service, and still travels and works Internationally. He just got back from Indonesia a couple weeks ago.

I was some what surprised at his attitude towards his investments, it was just like others in the country - they have made 30% and no concern about their investments losing 30% and more. Of course he works for the Government and never has to be concerned about security.

The majority of Americans work for the government, either directly or indirectly, but not all have the US umbrella of protection. Most of these people didn't even feel the hurt of 73 & 83, I am afraid that this time we all may feel the pain.

I think he gets about 75% pay for retirement and now the US hires him on a contract basis to do the same job that they are paying him retirement benefits. Great deal, no wonder the US is Broke.

Good Night again,
HighRise

Date: Tue Jan 13 1998 01:29
RJ (..... He he he heeeeeeee .....) ID#410215:

oris ( @EB ) Jan 13 1998 01:24

He he he heeeeeeeeeeeeeeee......


Date: Tue Jan 13 1998 01:25
mozel (the insights of ANOTHER) ID#153102:
Certain items in international trade are truly essential to modern nation states. Among
these are Grains and Oil. As long as contracts in these items are made in dollars, the dollar
will retain its reserve currency status. Grain exports from the U.S. are key
to U.S. reserve currency status. The Grain portion of the equation is largely
subject to control by the U.S. government. To protect the dollar, grain sales to needy countries
are simply subsidized from the bottomless well of credit. Oil is another matter. As long as the
dollar does not decline against gold, the Saudi will sell oil for dollars. But, what will a dollar
poor and grain poor East use to pay for oil ? Can the Yen price of gold and the dollar
price of gold be managed in concert ? And how long will the Russians sell
oil to Europe in exchange for a politically controlled currency when the
re- emergence of gold as a medium of international trade would directly and
immediately serve the national interest ? How long will Latin America nations penalize
their mining industries and their economies by accepting payment in dollars instead of in
gold and silver ?

The end of Monetary Co- operation and of World Socialism will be marked by
the emergence of commodities contracts payable in politically neutral substances.
The motivation to abandon the world system of fiat currencies will be national interest.
Once gold and silver are mediums of exchange for international commodity trades,
nation states will have increasing difficulty in imposing paper on their people

I sent this out for publication several days ago to people who know about this forum, which at that time I did not. I just read the ANOTHER posts on Collins page in U.K. Interesting coincidence.

The socialists of the middle- east have no scruples about selling oil for paper. The Iraquis, Libyans, and their ilk are in that way sub- demons of the Ayatollah's great Satan. It is only the keepers of the Islamic faith on the Arabian penninsula who have sufficient knowledge of good and evil to know substance is due substance in an honest exchange. Everywhere else on this globe, mankind in general is so ignorant of good and evil and so desensitized to evil that he cannot distinguish the one from the other. My people perish for lack of knowledge.

The New World Order is lines drawn in sand and will disappear in the whirlwind of the wind sown by Operation Desert Storm.

Date: Tue Jan 13 1998 01:25
John Disney__A (Dogs are GREAT. They have SOULS.) ID#24140:
for Auric

I have a beautiful Golden Retreiver named Elektra,

along with a Ridgeback, and a stray hunter named

Benjimin that we brought from Europe who is now blind.

Elektra is the dog equivalent of Sharon Stone. They are

marvellous very personable dogs. I know you must miss

Lester.

Date: Tue Jan 13 1998 01:24
oris (@EB) ID#238422:
EB, I'm just curious, nothing else, wanted
to ask you for a long time...

You call yourself EB, do you know that this is
a very bad sexually- oriented Russian word,
which means f*ck?

I just found it to be very original code name.


Date: Tue Jan 13 1998 01:20
Aztec (Barb Hughes) ID#254179:
I'm moving to AJO, AZ in Feb, its a job thing. Can you really fry an egg on the sidewalk? Rumor has it if you feed gila monsters tequila they can lead you to gold mines producing @ $125/oz!

Date: Tue Jan 13 1998 01:20
tsclaw (TO GOLD OR NOT TO GOLD. THATS THE QUEST.) ID#318118:
After monitoring this site, along with other sites with simular orientation, for what it is worth, I have come to some conclusions about
where gold is going. I believe that is the purpose of this site;to digest and make sense of the whole thing. The international input was very helpful ensuring the conclusions were not to localized.

My thanks to all those who post to this forum.


Date: Tue Jan 13 1998 01:18
jcw (Japanese Dollar Holdings) ID#253389:
Newtron: I can't give a solid primary source but understand that Japanese dollar holdings are more like 220 billion rather than 320 or more. I'll work on a primary source for that info.

Date: Tue Jan 13 1998 01:13
refer (Net manners, need to work on.) ID#41229:
G'Day

Date: Tue Jan 13 1998 01:12
oris (@Eldorado) ID#238422:
I have no objection to your post 00:45.

However, socialism and democracy are two
different things.

Democracy is a political system

Socialism is an economic system.

In one word - socialism is when state owns everything,
no private property allowed.

Purest form of socialism used to be in the U.S.S.R.,
more common is a mix of socialism and capitalism - for
example, France.

Date: Tue Jan 13 1998 01:12
HighRise (Contrarian Approach Needed) ID#401237:
If one has the guts to be an extreeme contrarian, all one has to do, is to do exactly the opposite of what one expects the markets to do. Today was a good example.the rule of the day is no longer don't fight the tape It is now follow what Rubin and Clinton ( Goldman Sachs & Chase Bank ) would want to happen.

What is good for the Banks and Bonds. It is that simple.

IMHO, Gold has to go down in this senario, until
such time as they succeed or fail, and in the meantime we are left to suck wind. ( old expression from the past - a blast from the past so to speak )

Good Night,
HighRise

Date: Tue Jan 13 1998 01:11
refer (Haggis@Mine shutdowns) ID#41229:
Since we are below the 280 mark, how long will the price have to remain at these levels before we see mine closures and defaults start progressing in a big way?

Date: Tue Jan 13 1998 01:07
tolerant1 (Hmmm) ID#31868:
I see no way to let this thing down easy. My worst fears are realized more with each passing day. Worthless paper everywhere, when people awaken one morning and find out that someone else owns everything they consider theirs there will be bad times for all.

Things will be tough on everyone, those who have prepared and those who have not. The inner cities in the US will be breeding grounds for chaos.

The cycle repeats.

Date: Tue Jan 13 1998 01:05
RJ (..... Silver Musings .....) ID#410215:

The silver universe is all warehouse stocks now. Worldwide, lots- o- silver is here and thereabouts but the playful demi- gods will have their day. If COMEX stocks begin to rise, its all over for silver - for now……conversely, static or lower stocks will propel silver to newer lofty perches. A brutal dollar drop in the midst of the strongest rouge silver run in three years, has left the longs battered and anemic and the wretched surviving sodomites clinging to the rails of the last train out of this station for a long while. Silliest Primero: tall tales of litigations over manipulations of the most purely manipulated market on earth. Merrill started this story and Merrill was short…… a lot. The fix is in already - one way or the other. With sober, cynical eyes should silver be seen, and the coattails, while stout, will not be long and the opportunity to grab on will be briefer than the chance to chase. Either path it follows, its name will be spelled in COMEX stocks

Date: Tue Jan 13 1998 01:03
EB (Declining Wedge is bullish) ID#22956:
Duh.......well, well, well...the charts don't lie.....except this time ;- ) $$ Maybe we'll get a rally to sell.....hmmmmmmmmm.

away
Éß

Date: Tue Jan 13 1998 00:59
HighRise (newtron) ID#401237:
Thanks for the information.
I thought the amount of US paper that the Japanese held was much larger.

They are their own worst enemy, it seems.

HighRise

Date: Tue Jan 13 1998 00:56
HighRise (Newtron) ID#401237:
Monday January 12, 11:30 pm Eastern Time

POLL - Japan Nov c/a surplus seen up over 76 pct.
http://biz.yahoo.com/finance/980112/poll_japan_1.html

Who needs help, Japan or the rest of the World?
Looks like the US is @ Pearl Harbor again.

Date: Tue Jan 13 1998 00:51
oris (@John Disney) ID#238422:
What can I say, John, you got it right.

Actually, I never killed a deer in my life,
I really like them. But deer meat is good and healthy,
I had plenty of deer steaks and deer sausage - usually
gifts from friends - real deerhunters. I am a duckhunter,
got few ducks last year, but wasted an awful lot of
shells - those ducks fly fast, you know...

Still want to try some big game some day, got plenty
of firearms ( This is America! ) and soul of a hunter.

I know you enjoy horse racing, what about hunting?

Let me guess - you are not a hunter...

P.S. K99 is doomed anyway...






Date: Tue Jan 13 1998 00:49
newtron (HIGHRISE 30 Trillion YEN is a lot of Yen, but, not 1/2 of the 76 Trillion of admitted bad bank debt) ID#335184:
I'll bet the 76 Trillion is way understated a la the US S & L debacle X 2. The reasoned speculation I hear estimates the true figure to be 1.2 Trillion US $s !!!
If you throw in the $320 to $360 Billion of alleged japanese held US Bonds they are still under water by say,oh 1/2 Trillion US $s or so.


BONSAI!!! BUY GOLD

Date: Tue Jan 13 1998 00:48
tsclaw ((@ Barb Hughes)) ID#318118:
Thanks for the come back!

Date: Tue Jan 13 1998 00:47
Rumpled (up up and away--again) ID#411233:
Asian markets doing not bad tonight, watch NA markets rocket tomorrow!

Date: Tue Jan 13 1998 00:45
Eldorado (@the scene) ID#173274:
Oldman - - Amazing how many people don't understand that 'democracy' is no different than socialism and is rule by the whim of the day. And people fight and die for that? What a concept! As George Washington said when asked what kind of government we would have: 'We give you a Republic, IF you can keep it'. I suppose it is still there, IF it can be wrested back. Very doubtful though until and unless.......

Date: Tue Jan 13 1998 00:44
Auric (Gold Cheap, Will Be Deer) ID#255151:

Had to relate this story. I had a beloved Golden Retriever named Lester for 14 years. I came home from work one morning to see 2 deer standing on my front lawn, not more than 10 feet from Lester. He awakened when I drove up, and of course ran barking and wagging his tail. The deer at that point sped off, leaping over the cedar split rail fence. The funny part was, he never saw them. Some watchdog, eh? Anyone who has ever known a Golden Retriever, knows what I'm talking about.

Date: Tue Jan 13 1998 00:43
EB (And gold will be gold) ID#22956:
The declining wedge does not bode well for gold. It will slide like Malibu mud after a good firestorm followed by torrential rains......probably tomorrow.....maybe the next day. Sorry for posting the obvious. Is 250 gold in the making Buy 'o the Century.......Who woulda thunk it? The Plat/gold spread might be a winner for those so inclined, no

AwAy
Éß


Date: Tue Jan 13 1998 00:42
A.Goose () ID#256255:
Date: Mon Jan 12 1998 23:17
EB ( ***************Platinum Alert***************** ) ID#22956:
Last Call for the Plat train...it's about to leave the station...ohmy :- 0

Éßconductor

EB what are your recommendations for getting on board for this ride?

Date: Tue Jan 13 1998 00:38
Barb Hughes (@goodnite all) ID#20783:
Hope the gunman leaves the computers alone...
just kidding.......

Date: Tue Jan 13 1998 00:38
HighRise (U.S. Defence Secretary in Indonesia WOW !) ID#401237:
IS THERE A PROBLEM OR WHAT?
How far away are the carriers?

Monday January 12, 11:30 pm Eastern Time

U.S. Defence Secretary Cohen arrives in Indonesia

JAKARTA, Jan 13 ( Reuters ) - U.S. Defence Secretary William Cohen arrived in Jakarta on Tuesday as the Asian nation grapples
with a huge economic crisis.

Cohen arrived by a special flight at the Halim air base and did not speak to reporters.

Cohen is scheduled to call on President Suharto on Wednesday and is expected to reiterate U.S. concerns that Indonesia must
demonstrate commitment to reforms agreed with the International Monetary Fund ( IMF ) .

His visit is part of a tour of seven Asian nations.

http://biz.yahoo.com/finance/980112/indonesia__20.html


Date: Tue Jan 13 1998 00:38
John Disney__A ( We are in the ZONE - fasten seat belts) ID#24140:
to All

Gold/silver ratio now 52 - we are in an open area

for added increase.

Gold has prior lows in currencies at about 502 dm,

405 sf, 171 pounds, 36,500 yen - We are only a shade

above those levels. ie 275,276.1,274.9,277.8. We are

entering the ZONE.

Date: Tue Jan 13 1998 00:36
JTF (the not-so-hard sciences G'nite all!) ID#57232:
pagoda: I need to take a break for some exercise, so this will be short - - we can post some more later. I am trying to decipher financial astrology because I know there is something solid behind the mystery of it . I call what I am doing soft because the best astrologers are artists ,just as medicine is still an art and not a science. I have to find principles by inference rather than by direct experimentation. The net is ideal for this - - eg the earthquakes and solar eclipse connection today, complements of SilverBaron.
I am also of the opinion that economics is still an art. The whole concept behind chaos theory is that there is hidden order in the universe - - hence the interest in economics and financial astrology.
I have an ulterior motive in this - and that is human behavior and natural events are affected by extraterrestrial events. If I can unravel the cycles underneath the chaos I may be able to discover some new physical laws. For example, how should neptune have any effect on us at all? Is the apparent significance of neptune ( reported by astrologers ) purely coincidence, or is there a force that does not obey the inverse square law? You see what really interests me is that clue which may allow us to free our bonds from this planet and colonize other planets. But to do so we need a better space drive.
I think you may have mentioned things like the aether, Wilhelm Reich's stuff ( so far a complete bust for me ) - - the ogorne - - real fringe stuff. Also the geoelectromagenetic field that is all around us, and twice a day perturbed by the moon. Also the sunspots and solar flares - - probably bathing us in some particle/energy flux not yet understood. Zeropoint energy, over unity motors, even scalar electromagnetics, whatever that is. My feeling is that whatever the stuff is I'm looking for is right under my nose, and I just don't know it yet.

Hope this helps! Hard to formulate ideas when there are few facts to back them up - - just suspicions. Basically, I am trying not to leave any stone unturned, because I think the discovery of a new phsyical principle is going to come from this fringe area.
good night everyone!

Date: Tue Jan 13 1998 00:34
goldilox (Did anyone hear) ID#24935:
NBC NEWS BULLETIN:

GUNMAN HOLDS HOSTAGE AT TOKYO STOCK EXCHANGE
DEMANDS HALT TO TRADING

Date: Tue Jan 13 1998 00:34
Eldorado (@the scene) ID#173274:
Mozel - - Re: your 23:56 post. Very aptly and nicely put! As I'm sure you know, it certainly makes for quite a story.



Date: Tue Jan 13 1998 00:33
HighRise (30 Trillion Yen is A Lot of Yen!!) ID#401237:
``The current situation of the banking system should fairly be
called a crisis. The origin of the crisis is to a large extent macroeconomic issues rather than a problem of individual banks.''

Asked about further downgrading of Japanese banks, he said: ``It is possible, given the current situation, because the economy is
slowing down and asset prices continue falling and the Asian economy is facing a very risky situation.''

``Unless the government takes appropriate policies...there is the risk the total economy faces a kind of meltdown,'' he said.

Ozeki expressed concern that the government's plan to use up to 30 trillion yen of public money to stabilise the nation's bad
loan- laden financial system might be wasted under the current economic situation.
http://biz.yahoo.com/finance/980112/interview__3.html


Date: Tue Jan 13 1998 00:30
HighRise (A Major Chase Stock Holder in Asia) ID#401237:
``We are thinking about various things ( to resolve the crisis ) .''

The official said Obuchi made the comments in a meeting with U.S. Senator Jay Rockefeller.

Rockefeller, a Democrat representing West Virginia, voiced concern at the state of Asian economies, the official said.
http://biz.yahoo.com/finance/980112/japan_to_p_1.html

The Hillary health care bill sponsor.
Oh, by the way wasn't it an Arkansas Republican Rockefeller that got our President out of the draft?

HighRise



Date: Tue Jan 13 1998 00:23
EB (******¿¿Kitco Poster of Year*******) ID#22956:
Just finished some back reading and saw the KPY stuff. Thanks RJ for the kind words. You are too kind. I will humbly decline any nomination for such an award. There are far too many great minds on kitco to single any one person out. I know you were just kidding anyway.....and I do like a good champagne. It's not ALL beer and pretzels ya know. I have a small amount of... ( burp ) .....breeding and class. I even know which fork to use for the salad......er.....uh.....well, I know not pick the pepperoni off the pizza while eating out with friends. Oh hell, I don't do that either.......but thanks anyway. Yu da man! I still owe you some champagne and caviar when we finally meet.

Now, you step on Plat tomorrow like a good broker dude. It won't need your help but give it a good goose anyway.....fer me.

I could not venture a guess for the KPY because the list of potentials is waaaay too long.

away...to be in good company

Éßlushing

Date: Tue Jan 13 1998 00:18
John Disney__A (Meat tastes good BUT ......) ID#24140:
For Oris

I understand you Oris. You're just being nice to

K so you can coax him back and have him for lunch.

Im glad you spared ( missed ) that deer - too much

meat is bad for you and deer are beautiful. But you

can make an exception in K's case.

LGB would not be good to eat. If meat came from near

head it would be too fatty.

Date: Tue Jan 13 1998 00:18
Barb Hughes (@tsclaw) ID#20783:
Sorry it took me so long to respond.
The answer is YES but wholesale to dealers
only. No pub.

Date: Tue Jan 13 1998 00:18
TZADEAK* (@ GUNMAN TAKES OVER PART OF JAPAN STOCK EXCHANGE) ID#372344:
CNN just reported that a gunman has taken over the 14th floor of the
Japanese stock exchange where the EXECUTIVE offices are.
He is demanding a halt to the afternoon trading and making other demands, he is said to be holding at least one hostage.

Date: Tue Jan 13 1998 00:18
HighRise ( New Madrid Fault) ID#401237:
One of the largest/strongest/most powerful ( whatever ) earthquakes in the US, ever, occurred along this fault. Few people in the area realize that they are living in an area with the same zone classification as California- 3, if my memory serves me right.

If there is another major quake on this fault some say it will be more deadly and damaging than one in California. It would most likely cause the Mississippi river to change course.

HighRise
Slow Gold night huh?

Date: Tue Jan 13 1998 00:14
tolerant1 (Auric) ID#31868:
Someone did put that site up today. I do not remember whom.

Date: Tue Jan 13 1998 00:13
Strad Master (Oh Geez...) ID#250297:
223 ( if you're still around ) : I know of Gordon Michael Scallion. Enough said. I'll be out and about on the days of the predicted earthquake. No problem. He's a complete crackpot charlatan. Used to be on Art Bell all the time. Nuts! Nuts !! Nuts!!!!!

Date: Tue Jan 13 1998 00:10
Auric (JTF and others who may be interested ) ID#255151:

Don't know if this was posted earlier. For
Lee's earthquake predictions- -
http://www3.damien.edu/teachers/lee/lee.html

Date: Tue Jan 13 1998 00:09
tolerant1 (223) ID#31868:
Gold Newsletter has been pushing hard on DROOY the past two or three months. I do not know if this has had a major effect but I would surmise that many take their advice.

Over the long haul I think it will do nicely indeed.

Date: Tue Jan 13 1998 00:06
Jung (searching for expressions in kitco postings) ID#237164:
1 Try the search engine at ...
2
3 http://www.acsys.com/~hong/retrieval.html
4
5 Then look for red words after the text is returned to you.
6
7
8 Any suggestions are welcome.
~

Next ... I have to make a bot to fetch and index the
current postings ... by this weekend, I guess.

Date: Tue Jan 13 1998 00:02
223 (Silverbaron Thanx for DROOY news:) ID#26669:
I was wondering what made this last uptick, considering all the bad news this last week. http://www.stockmaster.com/sm/g/D/DROOY.html

Return to Home Page

Site design & maintenance by Nick Laird
All pages on this website are ©1998-2017 ShareLynx Gold - All Rights Reserved