KITCO GOLD FORUM
1997-1999

index
Date: Sat Mar 28 1998 23:53
JP (Deflation and the price of GOLD, SWPI) ID#253153:
Copyright © 1998 JP/Kitco Inc. All rights reserved
I believe we have entered a runaway Deflationary trend early this year. We had our disinflationay phase between 1982-1997. This is a global Deflationary trend. Why should Gold rise in Deflation ?
1. Safety is the main reason. Big money seeks safety in an environment
where there is political chaos, defaults, currencies reneg, rising
unemployment,etc
2. As deflation worsen, our government officially will raise the price of
GOLD and tie it to the dollar. That means a dollar devaluation, hugh
stock market decline but in due time our money will be backed by
GOLD and fully convertible into GOLD. Very likely the price of GOLD
will be raise to $2000+/OZ or more. It may take a few years but it will
done.
3. Markets anticipate events ahead of time. I believe the GOLD bull
market has begun .It will be slow in the beginning but will accelerate
on the upside as we move forward and Deflation intensify.



Date: Sat Mar 28 1998 23:45
Hardguy2 (@ Isure re: LYDX) ID#399119:
as per Canadian stockwatch quote page: LYDX closed at $.26 in Canadian dollars, I think. Still cant find current info on CRCUF & its potential.

Date: Sat Mar 28 1998 23:38
Isure (Hardguy2) ID#368244:

I am not clear on this, what price is LYDX?

Date: Sat Mar 28 1998 23:32
SWP1 (@JP) ID#233199:

Re: defalation and price of gold.

Could you say more please?

Date: Sat Mar 28 1998 23:32
Hardguy2 (@ Isure, correction ) ID#399119:
the mis-quoted one is DEN-m, and I just went to a canadian stock watch page and confirmed that they are both trading on either exchange at $.31C

Date: Sat Mar 28 1998 23:26
JP (Inflation / Deflation argument --Crazytimes) ID#253153:
Crazytimes, I'm just sharing and expressing my opinion. You don't have to agree with me. I'm a Gold Bull for a different reason. I believe that Gold will explode on the upside because of deflation, NOT INFLATION.
Just about all the predictions in this form talk about inflation. I disagree.
I have spent years researching this topic.

Date: Sat Mar 28 1998 23:22
Hardguy2 (@ Isure, My mistake;) ID#399119:
as confessed in earlier post, ameritrade has my holdings list, they don't actively track foreign so the once a day update of prices is in error, LYDX did close a $.26, and DEN-t is at $.295, however DEN-v is at $.10 so this is the source of my error.they apparently posted DEN-v's price as DEN-t.and then I mixed up lydx with den. Any info on CRCUF anyone?

Date: Sat Mar 28 1998 23:20
Isure (@ Ray) ID#368244:

Just one more game, hows about a national championship?

Date: Sat Mar 28 1998 23:20
Bill Buckler (Gold ) ID#256381:
Copyright © 1998 Bill Buckler/Kitco Inc. All rights reserved
Spock ( 22:32 ) Yes, I did put out a gold bottom signal last October

when Gold went to $338. I cancelled it within four days on my website

when Gold did not follow through. You are also right that Gold

subsequently fell to $278, but that was in January 1998.

As to the incorrect predictions I have made since then, I haven't

made any calls on my website until the Gold buy signal I put out

there on Feb 27 and the Gold bottom signal I put out yesterday.

If you read my latest Gold Commentary, you would have seen the

emphasis on trading DISCIPLINE. There was that discipline in

place in October 1997 and it is in place now.

It is not being wrong that loses people lots of money, it is the

refusal to admit to being wrong. That's what trading discipline is

all about. Anyone who bought Gold in the $330s and then held to

$278 simply refused to admit they were wrong.

The technical factors all pointed to a gold move last October. It

didn't happen and the signal was cancelled. They point to a Gold move

now. The technical signals are unmistakable, so I have called a Gold

bottom. But since the future is uncertain, and always will be,

I have protective levels in place, this time, $295.

Date: Sat Mar 28 1998 23:17
Ted (How bout dem 'Utes'.......) ID#330175:
howdy Ray....

Date: Sat Mar 28 1998 23:16
crazytimes (Elliot Waves and other things....) ID#342376:
Elliot Waves don't account for economic changes that can occur. It's going to be a buzy week for that. Japan's Big Bang, possible change in interest rates, etc. Hey JP, why do you always show up here with your fighting gloves on? You give new meaning to the inflation/deflation discussion on here. Your inflationary towards yourself and deflationary to everyone else. As to the last few posts, it's deja vu all over again.

Date: Sat Mar 28 1998 23:11
JP (South Africa---Ray) ID#253153:
I'm very familiar with S.A and their tax rates . I have lived in S.A as an employe of a major American Corp for many years.

Date: Sat Mar 28 1998 23:09
Myrmidon (Now let us be objective,) ID#339212:

What would you rather own, RYO or RANGY, both at the same price?
What is the risk and upside potential on RYO vs. RANGY?

Does it take a rocket scientist to figure that one out?

Yet there are many investors that hold RYO because of
THE PREVIOUS INVESTMENT TRAP and do not want to admit a loss. I was one until yesterday, and I had been warned by many respectful posters on this forum. Don't get trapped to the PREVIOUS INVESTMENT TRAP. Any investment has to be reevaluated with time.

THE MARKET CARES NOT FOR WHAT YOU PAID FOR YOUR STOCK.

Date: Sat Mar 28 1998 23:07
Isure (HardGuy2) ID#368244:

The last quote I have for LYDX is 26cents on the 26th, since I own this stock I would like more info myself. Preacher follows it, maybe he would have some insight.

Date: Sat Mar 28 1998 22:59
Hardguy2 (@ JP, RE: your statement) ID#399119:
that the U.S. pays its debts in checks vs FRN's, A FEDERAL RESREVE NOTE IS A CHECK!

Date: Sat Mar 28 1998 22:59
Ray ($$$$$) ID#411149:
Copyright © 1998 Ray/Kitco Inc. All rights reserved
Mr. JP- here we go again please keep to the FACTS.
I have a vary well informed friend that swares the western half of
the USA is fixin to experience a BAD quake gona get everything
from Jackson MS west. Now I believe most of the mines are in
the western USA. Pretty risky that there minin business in the USA

What do you know about SA taxes?

Labor intensive is a thing of the past these mines are more automated
everyday and the NA people are takin shuttle trips down there for
their education.

Harmony, now with the acquisition of Cons Modder has the RICHEST ABOVE
GROUND deposit in the world and DROOY with it's acquitition of West Wits
have about the same.

Hell boy you don't know much!

JOIN THE CLUB TO STAMP IGNORANCE

to the hay stack!

Tally Ho

Date: Sat Mar 28 1998 22:58
Prometheus (@Bernatz) ID#210235:
What you have alleged about a dealer is rather vague, and it's hard to imagine how you may have come to the conclusion someone is imbedding customer information in his posts. What has happened that gave you that idea? Have you been getting phone calls? Receiving unwanted solicitations about coins for sale? Why do you think it is coin-related? Do you think this embedded information is in some sort of code?

Date: Sat Mar 28 1998 22:55
vronsky (WISH YOU LUCK) ID#426220:

JP ( South Africans VS North American Gols Stocks, Veronsky ) :

wish-ya luck

Date: Sat Mar 28 1998 22:54
sam (gotta go!) ID#286279:
The aroma of Mike Sheller's Pork Chops Grilled Saigon Style is wafting in here and I'm starting to drool. Good night!

Date: Sat Mar 28 1998 22:52
Myrmidon (T1 and Allen) ID#339212:

Thanks T1, I'll check it.

Allen, Everyone wants privacy, unfortunately the major threat to our privacy is the post office if not the postman. One should start with a name change and frequent address changes, no credit cards or only one max. no subscriptions of any kind and.....no ( USA ) after the handle!

Date: Sat Mar 28 1998 22:50
trader ed (@elliott waves) ID#373349:
The current runup in both the gold futures and the XAU are the first major corrective move off of the recent lows. This runup will not likely go much further, before the second corrective wave takes them both down to near, or in the case of gold, below the recent lows. Save your money for the lows, or go short, if that is your inclination, but don't go long now, unless you are a very nimble trader. Good luck and good trading.

Date: Sat Mar 28 1998 22:50
JP (Hyper Inflation in US impossible , Farfel) ID#253153:
Runaway away inflation in the US is impossible unless the federal government pays its bills in cash instead of checks. So far, our government is paying it bills with checks. You don't understand how money is created in the US.

Date: Sat Mar 28 1998 22:44
tolerant1 (Myrmidon - an excellent newsletter to consider) ID#31868:
The Goldbug's Comments - I get it and find it to be excellent reading, honestly written and you get info in between newsletters and special announcements if warranted by the editor.

Write and ask for more info goldbug@ormetal.com

I am positive you will enjoy it.

Date: Sat Mar 28 1998 22:41
grant (Hurradurra has a GOLDEN hue.....) ID#433422:


Date: Sat Mar 28 1998 22:40
Myrmidon (@ EJ on BART's ADS) ID#339212:
When you scroll left to right about 60% to the right, only then you see the full ad, something that people will not bother to do. If the entire ad was moves 2 to the left there will be no need for scrolling. The add must be moved to the left. thanks EJ.

Date: Sat Mar 28 1998 22:37
JP (South Africans VS North American Gols Stocks, Veronsky) ID#253153:
I my opinion the North American mining shares will outperform the S.A for the following reasons:
1. No one can predict the future of S.A.
2. Very high Tax Rates in S.A ( up to 70% of profits ) .
3. Very labor intensive ( very deep mines ) .
However, I do think their mines will do well but not as well as North America. They have large reserves and pay dividends. The bull market in Gold will lift all boats.

Date: Sat Mar 28 1998 22:36
Allen(USA) (Suggest that we all ..) ID#255190:
.. think a bit about this. Do you care and if so how much? How does one remain invisible? And if exposed how does one become invisible again?

BBTpm

Date: Sat Mar 28 1998 22:34
EJ (@Myrmidon: what happens when you expand the Netscape window) ID#45173:
and scroll from left to right? Is the Kitco ad cut off before the right edge of the Netscape window?

I've had a problem before with Netscape showing only part of a page, usually after some jerkweed site that spews panels resets the default window display size in Netscape. Do you recall when the problem started happening? Was it after you went to a particular site or after you resized the Netscape window smaller?

Date: Sat Mar 28 1998 22:32
Spock (kitkat, Bill Buckler and the Privateer) ID#210114:
Copyright © 1998 Spock/Kitco Inc. All rights reserved
Dear Kitkat, Bill Buckler's Gold Pages are in fact very good but he did get it wrong last October. He posted a Buy Signal when the price of gold broke above $US330. It subsequently crashed to $US278 in December/January. He made a number of incorrect predictions in that period.

It appears that this time he is covering himself a little. He made the comment in his Gold Commentary pages that one should sell if the price fall below $US295 in the next few weeks. So have a good read of his pages, they are very interesting but like everybody else, he's not perfect.

All the best.


Date: Sat Mar 28 1998 22:31
Myrmidon (@ EJ and all) ID#339212:
Went to the control panels then to Monitors and there is not an 800X600 option. I run system 7.0. When Netscape opens is with a small window, then I drag it to full screen and the ad is cut off. As long as Bart is aware of the problem that is what matters. Is nothing I can do to fix it, thanks EJ

@ all: Please forgive me that I occupied time with this technical issue, but I want Bart's ads to have the most impact and to be seen. I apologize to you all.

Date: Sat Mar 28 1998 22:27
Hardguy2 (@ All, but especially the see all-know all PM GURU's) ID#399119:
I would very much like some experienced insight into the up-side potential of: CRCUF, DEN-t, and LYDX I have positions in each and they are static, except lydx which dropped frof $.21 to .10 this week!? any insights as to why? I remain humbly, a hard guy to help

Date: Sat Mar 28 1998 22:23
Myrmidon (@ EJ --- I measured it! 1.5 long...) ID#339212:

... is the Kitco ad that I see on the screen. The full ad is 3.25 long.

Date: Sat Mar 28 1998 22:22
grant (FARFEL, I'd hoped to see a response to my 21:34) ID#433422:



The instantaneous access to the markets has gotta be significant.

Date: Sat Mar 28 1998 22:20
EJ (@Myrmidon: Ya, I got the same thing. The way to fix it is to) ID#45173:
go into Control Panels and select Monitors and Sound, then select 600x800. Then you'll have a smaller Netscape window that you can expand out to see the entire Kitco page. Of course, you'll need a magnifying glass to read anything on the page. I live with scrolling left to right to see stuff to the right. Fortunately, the discussion part of the Kitco page is formatted so that's not necessary, even with a 14 monitor. Hope that helps.
-EJ

Date: Sat Mar 28 1998 22:17
Allen(USA) (Bernatz) ID#255190:
Thank you for the heads up. It is unfortunate. If you ever find out I'd encourage you to sue the pants off of them. Pain is a good teacher for those who have no sense.

Date: Sat Mar 28 1998 22:16
HARDCASE (Comex historical data) ID#400214:
I need the end of the day data on May Silver for the last 90 days. Open, High, Low, Close - NON Globex, back adjusted continuous daily data. Does anyone know where or how to get it with out joining up with a data?

Thanks

Date: Sat Mar 28 1998 22:14
Ray ($$$$$&TRUTH) ID#411149:
Copyright © 1998 Ray/Kitco Inc. All rights reserved
Ted- I been gone all day watchin the purple beat the white down
at NSU, the temp was 82degrees and no rain!

Would like to address a misconception by this gentleman

Date: Fri Mar 27 1998 22:38
larryn__A ( DROOY ) ID#316232:
Copyright c 1998 larryn__A/Kitco Inc. All rights reserved
There are several reasons that SA stocks have cratered. One is the
depreciation in the rand, which is dependent upon the price of gold in
the long term. If gold sustains a climb back above 350, the rand will get
better, and all SA stocks, evaluated in rands, will look even better in
dollars.

Actually just the opposite is true, the lower the Rand the more PROFIT
for the mines. You see they pay their expenses in local currency and
sell their product in foreign currency. In 1996 we doubled a good size
portfolio of SA gold stocks because of the profits made from a falling
Rand. Crazy ain't it. But it would also be true of any company that did
international business and it works in any country in any market.

Now I don't plan to enter into any argument about the risk in SA, Canada,
or the USA for that matter but I would like from time to time share the
FACTS about what I know to be ideas that have been very profitable
for ME in the past. And would encourage others to do the same but please
make sure what you post is somethin you know somethin about.

Was goin to send vronsky an e-mail but heck I'll jest do it here. Hey
man THANKS FOR ALL YOUR HARD WORK TO REPORT THE FACTS.

Long day goin to hit the hay.

I hope all you folks make a bunch oF money and have a bunch of fun doin it then maybe we can have a big party somewhere and CELEBRATE!

Tally Ho

Date: Sat Mar 28 1998 22:13
fundaMETAList (bernatz: license) ID#341214:
bernatz: I have my PO Box on my license. Like I said.... paranoid!

Date: Sat Mar 28 1998 22:12
robnoel__A (bernatz du ventadorm..THAT WAS YOUR BIG DEAL...you way past drug help...proffessional help is what ) ID#411112:

need

Date: Sat Mar 28 1998 22:11
HARDCASE ( Myrmidon @ Date: Sat Mar 28 1998 21:27) ID#400214:
Copyright © 1998 HARDCASE/Kitco Inc. All rights reserved
Date: Sat Mar 28 1998 21:27

Where else one can find more about the company except from the company itself?

It is real hard with little known mines. A friend takes the following newsletters and lets me read them. I found most of what I know in them.

Dennis Wheeler's Gold Stock Report newsletter
Dennis Wheeler's Special Report on Platinum on 1/98
Doug Casey's International Speculator newsletter
Precious Metals Digest newsletter
Gold Newsletter by James Blanchard III

I think if you are interested in mines only, the Gold Newsletter is the best.

Hope this helps. I am going away for a while. Will check later or tomorrow.

Date: Sat Mar 28 1998 22:10
Myrmidon (@ EJ re: I don't see all the Kitco ad.) ID#339212:

EJ, I have a 14 Mac Monitor, Quadra 605 Mac and Netscape at home.

I have a PowerPC with 17 monitor with Netscape at work.

The problem is: at home with the 14 monitor I see only half of the Kitco ad. The coin part is half shown. Netscape occupies all the available screen. The concern was for BART to show all his ad, but it seems that I am the only one who sees half ad with the 14 monitor. May be because my computer is 3 yrs old !!! and that is old now days !!!

Date: Sat Mar 28 1998 22:09
bernatz du ventadorm (funda, I try not to) ID#182192:
But when you sell, they need an address or, if
you're there in person, they need to see a driver's
license. I think probably I've just made somebody
mad again by knocking over their hobbyhorse, and
they are going to try to get me to back down in the
usual way.

Date: Sat Mar 28 1998 22:08
EJ (bernatz du ventadorm: That is worrisome. I'll keep my eyes and) ID#45173:
ears open. Thx again.

Date: Sat Mar 28 1998 22:08
fundaMETAList (bernatz: your 21:47 ROTFLOL Thanks!) ID#341214:


Date: Sat Mar 28 1998 22:04
Myrmidon (@ HARDCASE and SA RANGY) ID#339212:

Hardcase, thanks for the info.

SA stocks: RANGY chart:

http://www.stockmaster.com/sm/g/R/RANGY.html

Date: Sat Mar 28 1998 22:03
fundaMETAList (bernatz, all: Don't deliver to your door step) ID#341214:
bernatz: This won't help with your immediate problem but I would recommend never talking delivery at your home for anything PM related. I always go to the shipper's office and pick it up. I'm a bit paranoid, I know but the results have been good. So far, anyway. There are just too many people out there that might take too much of an interest in the shipping address of a heavy little box that is apparently from a PM company. This also protects you from somone doing some unauthorized snooping in the customer files of a PM company that is perfectly legit.

Date: Sat Mar 28 1998 22:02
EJ (@Myrmidon: I'm a Mac hammerhead, on 'em since 1985) ID#45173:
maybe I can help. I don't understand the problem you're having, tho.

Got a PC at work. Makes my skin crawl.
-EJ

Date: Sat Mar 28 1998 21:58
bernatz du ventadorm (EJ - I find them all very professional as well) ID#182192:
That's why I purchase/sell from/to them. Doesn't
change the fact that some information about me
from my driver's license has gotten back to me
and has been posted on the net,
and it has to be from one of these four.

Date: Sat Mar 28 1998 21:55
HARDCASE (Myrmidon NA Plat. and Pall. mining co.) ID#400214:
Copyright © 1998 HARDCASE/Kitco Inc. All rights reserved
I think you can get the web sites from goldsheet for the three mines I am going to give you.

http://goldsheet.simplenet.com/compn.htm

Canadian traded only:

Norther Platinum Resources ( NTH ) Vancouver $.60 to $1.00 share cost
International All-North Resources ( IAN ) Vancouver $.20 to .40 share cost

Mine site is in the Yukon for both of the above.

USA traded:

North American Palladium ( PDLCF ) Nasdaq share cost $1.82 US

Not sure where their mines are.

Inco ( N ) NYSE also produces Plat. and Pall. as a by product of their nickel mining. Don't know were all their mines are located though. Last I heard they weren't in too good of a financial shape. Check all of the above out before you buy.

I own PDLCF and SWC but none of the others.


Date: Sat Mar 28 1998 21:53
henryd__A (Myrmidon) ID#34857:
Don't know anything about Mac's. Could be that your monitor's resolution is fixed at 800x600, but I'd be surprised if that were the case. I got some Mac buds at the office ... I'll ask them on Monday and get back to you.

HenryD

Date: Sat Mar 28 1998 21:52
Schippi (Fidelity Select Gold Charts) ID#93199:
Fidelity Select American Gold & Precious metals Charts
5 Years, 120 day, 30 day and hourly charts at:
http://www.geocities.com/WallStreet/5969
Click on Gold Sectors

Gold BEAKOUT in progress!!!

Date: Sat Mar 28 1998 21:51
EJ (@bernatz du ventadorm: I recently purchased from one of) ID#45173:
the four dealers you mentioned. So far their behavior has been very responsive and professional, so I kind of doubt it's them. And I'm not too worried about anyone knowing that I bought--I don't keep the stuff in the house. Banks are at least good for keeping valuables safe. But privacy matters to me. Maybe I'm a little slow, but I don't understand a dealer's motive for sharing the information in the first place.

Date: Sat Mar 28 1998 21:49
grant (SAM, I'd be willin to bet) ID#433422:

wooden nickles, in rolls of 50 , would cost ya $19.95 + shipping and handleing, but hey, look at how the hold their value.

Date: Sat Mar 28 1998 21:47
bernatz du ventadorm (Farfel, thanks, but I'm feeling fine) ID#182192:
I just find it amusing that so many people
argue for so much toleration of so many
alternative views at this site, while at the
same time doing all they can to threaten
or silence people they don't agree with.

Date: Sat Mar 28 1998 21:46
Myrmidon (@ henryd, 223, Hardcase) ID#339212:

henryd, I got a Mac 14 monitor. I think 800 X 600. It cuts the picture!

223, Hardcase, the second site verifies the same about SWC, US Pt, Pd producer. However when I searched for PDLCF, it said not found.

Date: Sat Mar 28 1998 21:45
robnoel__A (Bernatz du ventadorm,now that you put that out ,you better be a little more forth coming,as a dealer) ID#411112:

I sure don't want folks to think it is me...warnings are fine but don't be so vague.
The gold busness has a lot of fly by nite guys.......there are a few of us that do it because we believe in our product,unlike Wall Street brokers who sell anything that has a good story.
If you have facts about someone who is scaming the folks on KITCO,put it out there brother...

Date: Sat Mar 28 1998 21:43
sam (grant) ID#286279:
No, but I assumed current issue woods would be fairly cheap. I will leave collectibles to the experts.

Date: Sat Mar 28 1998 21:42
farfel (@BERNATZ...Please go take a valium....) ID#340302:
...you'll feel so much better.

Gotta run...wife wants me to take her to dinner.

F*

Date: Sat Mar 28 1998 21:40
farfel (Yes, there is a New Paradigm where equities are concerned...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...unfortunately, not the mainstream thesis propounded by Wall Street.

Wall Street baby boomer analysts declare that the market cannot fall until the bubble spreads beyond the Dow into the the smaller stocks aka the Russell 2000. In past stock markets , this analysis would have made sense.

However, we live in a New Paradigm of stock investing. This is the first stock market in history in which Wall Street pros have adopted the strategy known as index purchasing.

This collusive strategy targets ONLY the Dow stocks and key Nasdaq darlings like Microsoft, Intel, etc.

This is the first stock market bubble in which key DOW stocks have reached such ridiculous P/E levels ( for example, who could ever imagine a tired old rhinocerous like Coke trading around a 50 P/E ) without small stocks trading at even higher multiples by this stage of the game? Why are the smaller Russell 2000 not trading at astronomically large multiples yet ( e.g. 200 and higher ) ?

Answer: the index strategies of the mutual funds have sent most of the inflows into the key DOW & Nasdaq members no matter what earnings forecasts those companies provide. ( For example, how is it possible for a tired old behemoth like IBM to be up 15% for the year given that they are forecasting a major earnings disaster for the next quarter? Yessiree, Bob, indexing...that's it ) . In other words, there simply is not enough fund inflow left over after the day is done to raise the Russell 2000 to corresponding absurd P/E levels.

Yes, it definitely is a NEW stock market this time around and there is your New Paradigm.

F*

Date: Sat Mar 28 1998 21:39
vronsky (SIMPLE MOVING AVERAGE 40) ID#426220:

For technical comparison of FSAGX, RANGY & DROOY:

You may check my figures by going to the website listed below - just set default parameters for 3-years/weekly, Stochastics for an 8 period AND A SIMPLE MOVING AVERAGE OF 40:

http://cbs.marketwatch.com/data/_charts/achart.htx

Date: Sat Mar 28 1998 21:38
grant (SAM, have you priced wooden nickles lately?) ID#433422:


Date: Sat Mar 28 1998 21:37
bernatz du ventadorm (EJ - of these four, I don't know) ID#182192:
Could be any of them, I guess

Date: Sat Mar 28 1998 21:37
Myrmidon (@ 223) ID#339212:

The first site says: SWC is the only US producer of Pt and Pd

I guess PDLCF is a competitor but does it produce both metals?

Date: Sat Mar 28 1998 21:35
henryd__A (Myrmidon RE: 14 vs 17 monitors...) ID#34857:
Myrmidon - I have a 14 monitor and all of Bart's ads look fine. Your problem might be in your monitor's resolution. At 800x600 resolution the ad indeed gets cut off, but if your monitor can support 1024x768, you'll see the whole enchilada.

HenryD - ( my gold, your gold, our gold ) GO GOLD!

Date: Sat Mar 28 1998 21:35
vronsky (THE IDES OF MARCH 1997) ID#426220:
Copyright © 1998 vronsky/Kitco Inc. All rights reserved

A number of gold stock securities were at a high in mid-March 1997, but in a downtrend which began in the previous year. Since that last high all gold securities have come down hard. However, recent positive price action strongly suggests the long awaited bull is here at last. Consequently, it behooves us to carefully evaluate what gold securities have the probability for the greatest per cent gain in the near future.

Our fundamental report GLOBAL GOLD COMPARATIVE ANALYSIS clearly shows the South African golds to have far superior value based upon total reserves, and the best market price per share for those reserves. Subsequently, I would like here to submit additional technical support to our conclusion that 1998''s biggest play will be in South African gold stocks.

For my comparison I will again use Polarbear's favorites of Randgold ( RANGY ) and Durban Deep ( DROOY ) - see his Internet report RANDGOLD & EXPLORATION. To represent the best North-American gold companies I will use as their proxy Fidelity Select American Gold mutual fund ( FSAGX ) .

History demonstrates that succeeding bull markets always take out its past highs. This one will be no exception. Consequently, when the looming gold bull market progresses to that stage, we will see each of the above three securities again reach their March 1997 highs. Following are the expected per cent appreciation of these securities. You may check my figures by going to the website listed below - just set default parameters for 3-years/weekly and Stochastics for an 8 period ) :

http://cbs.marketwatch.com/data/_charts/achart.htx

FSAGX will appreciate this per cent to reach 1997 high: …....72%

DROOY will appreciate this per cent to reach 1997 high: ….270%

RANGY will appreciate this per cent to reach 1997 high: …..480%

One doe NOT have be a Warren Buffett nor a Bernard Baruch to analyze the merits of this little technical comparison. To reach old highs FSAGX will less than DOUBLE, DROOY will nearly QUADRUPLE, and RANGY will nearly SEXTUPLE in appreciation. On top of all this, the two South African gold mining companies are up to their eye-balls in cheaply valued gold deposits in comparison to their North-American brethren.

There is no decision making process here --as the answer blares out into our faces:

1998'S BIG PLAY WILL BE SOUTH AFRICAN GOLD STOCKS……..


Date: Sat Mar 28 1998 21:34
James (Ted@ABX being sued over BRE-X) ID#252150:
In financial post. I'd repost it but have to rush. Just when things were starting to look good. I guess not even the biggest are really safe.

Date: Sat Mar 28 1998 21:34
grant (F*, add this to your list) ID#433422:

You've probably seen the ads on tv offering to make trades on the SM for $8... The little guy now has instant access ( as well as the big guy ) that can have rapid effect on the market.
It's gonna be a really big shooooooow!!
GRANT ( SOON TO BE WEALTHY )

Date: Sat Mar 28 1998 21:32
223 (M* the Unspellable, here are a couple of helpful SWC links from 3rd parties) ID#26669:
http://www.denvergold.org/members/stillwater.htm
http://www.marketguide.com/MGI/SNAP/A0933-CS.ohtml

Sorry about the Handle, I could not both keep the links in cut/paste mode and copy/paste your signature.

Date: Sat Mar 28 1998 21:31
bernatz du ventadorm (Again, to nip this kind of shocking revelation to come in the bud) ID#182192:
Over the past three years I have made bullion purchases/sales from
AJPM, Gaithersburg Coin, Vollmer's, and one private individual who
places classified ads at this site. It pains me to have to say this,
but if this kind of behavior continues, I'm going to have to consider
taking some type of action.

Date: Sat Mar 28 1998 21:30
sam (farfel) ID#286279:
IDCIBM

I might even buy some wooden nickels. See who I can get to take 'em.

Date: Sat Mar 28 1998 21:30
HARDCASE ( Hardguy2 ) ID#400214:
Copyright © 1998 HARDCASE/Kitco Inc. All rights reserved
Any of you experts know a better online trading situation? I remain a hard guy to please.

***** I'm not an expert but I've had the same problems. I tried three brokers all at the same time thinking that I would move everthing to the one I decided I liked. Here are the results:

SureTrade.com - Hopeless, no clue, no help and they don't care IMO.

Scottsdale - Scottrade is the Internet name. They are nice folks, with local offices who CAN NOT KEEP MY MONEY STRAIGHT IN THE ACCOUNT. I complained and said I might have to transfer my account because of this. They got real friendly and offered to help me transfer in any way they could. I didn't know what to think except, Why am I letting these people play with my money?

First Flushing - I signed up with them only because their name seemed right somehow. They have been good at keeping my money straight. Have a phone number that gets you to a person, and have always answered my email in less than 24 hours. They aren't very web smart but then who is. I am moving everything to them. They charge $10 but let you buy penny stocks as well as use limits and stops, for that price.

I have not been able to find an internet broker that will let you trade online for Canadian stocks. If anyone finds one please post it for the rest of us.

Date: Sat Mar 28 1998 21:27
Myrmidon (@ HARDCASE on PDLCF) ID#339212:

Went to Yahoo and looked at PDLCF, closed at $1 13/16, but only one news item. Where else one can find more about the company except from the company itself?

Date: Sat Mar 28 1998 21:24
EJ (@bernatz du ventadorm: thx for the warning) ID#45173:
Can you give me a hint? Is the dealer is in the USA and if so what state, city?

Date: Sat Mar 28 1998 21:21
farfel (@GASTON2....you listed numerous reasons why equities can't crash...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...here are some compelling reasons why they will crumble sooner than later....

1 ) Foreign market recoveries will pull more funds from U.S. leading to weak U.S. buck. The strong U.S. dollar is the key to strength in equities and bonds.
2 ) Huge foreign sales of U.S. treasuries already beginning, with acceleration once Euro is introduced and new ASEAN or Asian currency standard sometime early Spring.
3 ) Too many small investors already moved most savings into market, from seamstresses to grocery delivery boys. Professionals are extremely nervous and, against all historical rationality, keep funds invested solely on funds inflow basis rather than on earnings basis. Any dramatic drop in funds inflow will cause professionals to panic.
4 ) Gold uptick now signalling inflation and/or stagflation in the economy. Yet, Greenspan does not seem willing to do anything except sit on his hands. So, without interest rate revisions, the next economic indices reports ( for April ) will probably signal either runaway inflation and/or stagflation. ( P.S. Forget about pure deflation in this country...there is way too much consumer purchasing power, largely due to over-inflated values of stocks and bonds and consumer credit leverage derived therefrom...no chance for pure deflation until after a U.S. stock and bond market crash ) .
5 ) Stock market always a future prognosticator. Just because there are no bank failures in U.S. yet or other weak economic indicators ( e.g. high unemployment ) does not preclude a market debacle. In other words, the stock market crash itself will augur future U.S. weakness...it will not reflect it.

Of course, there are a litany of other compelling reasons why U.S. stock market debacle seems more likely in Spring than Fall. It does not seem possible to maintain funds inflows at these levels for more than one or two more months.

Most major Dow and Nasdaq stocks are already up 20-25% ( e.g. Coke, Disney, Merril Lynch, Oracle, Microsoft, AOL, etc. ) and it is only March. In order to maintain this pace, the Dow/Nasdaq must rise 100% in value for the entire year. Inconceivable...especially in the face of neverending reports of severe future weakness in earnings.

It's here.

F*

Date: Sat Mar 28 1998 21:19
Myrmidon (@ HARDCASE on Pt Pd companies) ID#339212:

I was not aware that there is one mining Pt or Pd in Americas other than SWC. Even SWC claims this in its annual report. Please can you post the company's web site ( if any ) ?

I am very, very interested for info in PDLCF.

Are you sure this is not a mining company ( Canadian ) with mines overseas?

Please provide info because many kitcoites will be also interested.

Thank you in advance.

Date: Sat Mar 28 1998 21:13
bernatz du ventadorm (It has be brought to my attention) ID#182192:
That one of the U.S. coin/bullion dealers who also happens
to read this site has been releasing private information on his customers
either embedded within the text of posts or by e-mail to other
individuals. While Bart can do nothing about this since he
doesn't require anyone to identify themselves or register in
any meaningful sort of way, just be warned that while you are
all out there not caring and buying more, who you are buying
from might be important as far as if you care how many people
know how much you are buying and where you live.

Date: Sat Mar 28 1998 21:13
Myrmidon (@ 223 re: SWC) ID#339212:
Copyright © 1998 Myrmidon/Kitco Inc. All rights reserved

If Pd moves $60 and Pt $100, SWC will go at $45. Sometime ago ( 4 mos? ) Dines recommended it.

What made it move this week was gold enthusiasm, imagine what will happen when Platinum enthusiasm sets in. Even if Pt and Pd don't move with gold, investors will be switching ( cashing in ) gold profits into this stock expecting Pt and Pd to advance.

I got in @ $20 1/4, sold it at $24 1/4, jumped into NGC, made 2 points on NGC, then got back on SWC at $23 3/4. A man has got to make a living you know...

Do you know the company's web site ( if there is one ) ?

Date: Sat Mar 28 1998 21:08
Jack (Golden Cheeseheadl talk like that about LIHIR) ID#252127:

Will make my Vengold go up.

Date: Sat Mar 28 1998 21:08
Hardguy2 (@Myrmidon, please forgive my typo ) ID#399119:
of your handle, on my last post.

Date: Sat Mar 28 1998 21:05
Ted (ROR.....I beg yer pardon.........................) ID#330175:
have you been drinkin?---go Utes--kick 'Tar heel' ass!!

Date: Sat Mar 28 1998 21:04
SWP1 (Rangy vw Drooy) ID#233199:

....which will out perform the other at gold $350.

Date: Sat Mar 28 1998 21:04
HARDCASE ( Myrmidon @ Date: Sat Mar 28 1998 20:18) ID#400214:

RE: SWC - The only Platinum and Palladium company in the Americas.

What about North American Palladium Ltd ( PDLCF ) ?

Date: Sat Mar 28 1998 21:04
SWP1 (Rangy vw Drooy) ID#233199:

....which will out perform the other at gold $350.

Date: Sat Mar 28 1998 21:00
ROR (TED) ID#35767:
Shut the hell up and stop whinin' you who is livin' off da fat o tha land in Cape Breton. Liberal fo yo self and conservativ fo oders. Sound typical to ma. Let em drink vodka!!!

Date: Sat Mar 28 1998 20:58
HARDCASE (SWP1 ) ID#400214:
Date: Sat Mar 28 1998 19:41
SWP1 ( RE: DD Dilution Ah Ha! ( ..if it's true ) )

***** I have the notice to holders that they sent me 1 day after the vote. If you have any questions about what was on that sheet I could answer them.

Date: Sat Mar 28 1998 20:56
Poorboys (Maybe a dream --The right to be human) ID#224149:
Earl – The Walls keep falling down but then nature has to perform for history in the minds of the intellectual. Can nature and the universe be controlled? No ---And the walls became the death of thought forever and forever ----Away to think your thoughts ---You have a fine mind ----Till Tomorrow

Date: Sat Mar 28 1998 20:54
HARDCASE (Gaston2 ) ID#400214:
( US market not ready for a crash... )

***** Great thoughtfull post.

And nerves will be frayed.

***** Oh so true.

Date: Sat Mar 28 1998 20:53
223 (aurator, so are you going to let us all know ahead of time what the fad will be?) ID#26669:
So we can buy ahead of the rush next Xmas?

Date: Sat Mar 28 1998 20:51
G-Nutz (im still lurking....) ID#42365:
out here in LuRkErLaNd....

Date: Sat Mar 28 1998 20:51
Hardguy2 (@Myrmideon, Thanks for the advice,) ID#399119:
Copyright © 1998 Hardguy2/Kitco Inc. All rights reserved
I do have a small position in SWC, bought last year at 20.5, its been a little painful watching its progress until very recently. @ALL Boy am I pissed, I am guilty of not performing due dilligence on my own behalf. I was trading, on the net, with Schwab. but not liking the high commision structure, I up and switched to Ameritrade, little did I know that; They don't trade by computer on foreign exchanges like Canada so the $8 advertised commission is now $23 + $30 for having to go live through their broker and trade on a foreign exchange. Also they aren't active or live on the OTC/BB markets so those trades have to go through a live broker. I KNOW, I SHOULD HAVE SOME CHEESE WITH MY WHINE!! but I'm feeling confessional. Any of you experts know a better online trading situation? I remain a hard guy to please.

Date: Sat Mar 28 1998 20:51
223 (Myrmidon So what is your take on SWC?) ID#26669:
Would you like to hazard a guess as to the 52 week high and low for the upcoming year?

Date: Sat Mar 28 1998 20:43
sam (old?) ID#286279:
Copyright © 1998 sam/Kitco Inc. All rights reserved
Snipped this from an email that's making the rounds:

Are you feeling old in the USA? If not consider this:
The people who are starting college this fall across the nation were born in 1980. They have no meaningful recognition of the Reagan era. They were prepubescent when the Persian Gulf War was waged. As far as they know stamps have always cost about 32 cents. Few, if any, have lived without an answering machine. Some use the word “clicker” for “remote control” but don’t know why. Black Monday 1987 is as significant to them as the Great Depression.



Date: Sat Mar 28 1998 20:43
Myrmidon (@ BART) ID#339212:

One suggestion, your add is cut in half ( half shown ) to those who have 14 inch monitors. No problem with the 17 inch monitors.

Since there is space to move your add to the left, why don't you let your programmer to do so? It will better accomplish the advertising goal and allow a full view of your add from those who use 14 inch monitors. Just move it 1-2 inches to the left.

Date: Sat Mar 28 1998 20:41
HARDCASE (glenn ) ID#400214:
Thanks very much for the answer about the comex price drop.

Date: Sat Mar 28 1998 20:41
Allen(USA) (Bulldog & other Y2K diasper-ites) ID#255190:
Copyright © 1998 Allen(USA)/Kitco Inc. All rights reserved
Bulldog, I'm truly happy for you that your wife is willing to follow your lead in this time. She will, I believe, be quite appreciative at a later time. At the worst you've got a nice camp and things you can slowly use up over time, as well as a great story for the young ones. I sincerely hope that this is all it will come to, but I doubt it a great deal.

To all who have been posting the occational Y2K article, thank you. If we keep seeing stuff like we've seen over the past few months then I'm pretty sure even the die-hard optimists will begin to ( quietly ) re-evaluate their do nothing stance.

Here is a little thought. This deals with systemic problems which in effect 'kill' the larger system. We are familiar with the difference between a person with a broken arm and one who has suffered multi-trauma in a car wreck.

If you have a broken arm a lot of resources go into diagnosis and treatment. Its an inconvenience and painful, but basicly you can get along and will recover. Need to do a little physical therapy on the arm afterwards because of atrophy.

A person with multi-trauma has a qualitatively different problem: namely that all the injuries begin to threaten the whole of life. Each injury could be viewed individually and one might say 'certainly things aren't to bad, there are alot of parts which are fine', but you would be wrong.

We could call the whole a synergy of the parts. This synergy is threatened when even a few of the parts are in a state of being unable to supprt the whole. The body begins to shut down. Death occures because the synergy was lost.

We can use this insight to view the problems regarding Y2K failures. Our societies and economies are a synergy of the parts. If enough of the parts can't function *in a way that supports the overall synergy*, then there will be a 'death' of society and economy.

Indeed there are many who will point to the fact that the failures are not in and of themselves complete losses. And they may also point out that there are many parts which are still working OK. But they will be wrong. There may be *enough* problems to effect a 'death' of the larger whole.

Life is precious, whether it is the life of an individual, a community, nation or the life of the community of nations. Its by no means perfect! It is also fragile AND robust at the same time. We can not say what the outcome WILL be, but we can prepare for what it MIGHT be. Unfortunately planning for hard times has gone out of fashion some time ago. We need a refresher course before it is to late to put it into practice.


Date: Sat Mar 28 1998 20:39
HARDCASE (Trinovant) ID#400214:

No I'm not associated with any cult. I can't even keep a wife. What makes you think an organization would put up with me? I do find it interesting that my comment would sound like something from Scientology though. Never read any of his Scientology propoganda, but he does write some good science fiction.

Date: Sat Mar 28 1998 20:36
tolerant1 (Ted - ) ID#31868:
You should be able to double click it in your open email message and the movie should run.

Date: Sat Mar 28 1998 20:30
Ted (Tolerant1.......................I'm stoopid and can't get what ya sent------------) ID#330175:
huh.....Reify: Make it SIMPLE~~~~~~

Date: Sat Mar 28 1998 20:30
HARDCASE (aurator) ID#400214:
-
Glad you came back. Thought I was going to have to put up with everyone on Kitco crying because you left. BTW I do agree that you do good work here.

aurator @ Date: Sat Mar 28 1998 15:25

Greetings, welcome to the circus. Which service were you watching?:

***** I was using Quote.com's realtime snapshot service for Comex

Most kind of you to throw in your psychological profiles, did you learn that from a cereal box or do you get paid for it?

***** Actually I paid for it with my blood.

a paranoid in paradise

***** Me too. Me too!

Date: Sat Mar 28 1998 20:21
Ted (EBall.....................@ the final 4) ID#330175:
Cardinal deserved to win ( they were robbed by that baaaad call on Young!!--Go Utes...& gold ( do somthin damn it! )

Date: Sat Mar 28 1998 20:18
SDRer__A (Is this plausible? Buffett's silver makes UK deficit?) ID#288156:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
“Silver Trqading Helps Increase UK Deficit
by Richard Adams/Economics Staff

Aggressive silver trading led by Warren Buffet, the US billionaire investor, and the turmoil in Asia caused the UKs trade deficit with countries outside the European Union to reach a record level last month.

About 2,700 tonnes of silver - 88m troy ounces, worth between 300m ( $501 ) and 350m pounds--was imported by the UK in January and February, almost as much as total silver imports in 1997, the Office for National Statistics said.

Analysts said much of the influx of silver, which came mainly from the US and Switzerland, was probably on behalf of Berkshire Hathaway, the financial services and investment company run by Mr. Buffet. The company last month said it had bought 130m troy ounces roughly 16 per cent of the annual world consumption.

By holding supplies in London, investors gain convenient access to the European exchanges, while London is one of the biggest spot markets for precious metals.[this is FTs sentence structure--not mine, this time {:- ) ] The stockpile is likely to be gradually sold abroad during the year.

Date: Sat Mar 28 1998 20:18
Ted (James.....& ABX.....and 'the good ole days' huh...) ID#330175:
Yeah,I'm hangin in there with ABX ( arf arf ) and am determined to make a $ off it....Have switched to Tequila & grapefruit juice ( health kick...eh ) --I got no one ta answer to tomorrow ( cept Willy ) ....

Date: Sat Mar 28 1998 20:18
Myrmidon (@ Hardguy2 infected by gold and other PMs) ID#347127:

For the gold many posters will help you, but for the other PMs, which I think you mean Platinum and Palladium, Stillwater Mng. ( SWC at $24 7/8 ) deserves a closer look. Check it out! The only Platinum and Palladium company in the Americas.

Date: Sat Mar 28 1998 20:13
EJ (@Gaston - Great observations/insights into the state of) ID#45173:
Copyright © 1998 EJ/Kitco Inc. All rights reserved
the stock market right now. Thanks. Just about everyone I talk to who is in the stock market, either with direct stock investments or funds or 401Ks, thinks the market's due to drop. But they also firmly believe it will go back up again, either soon or at least within the time period when they'll need access to their money. They are in it for the long term. But how will these folks behave when they see 20% or 40% of their investments go away in a few days or a week? Will they cut and run, or stay in for the long term?

The 20-something fund managers who manage the funds are trained to buy at every dip. I spoke with one at dinner last night, the girlfriend of a buddy of mine. All she could talk about was how Gillette stock was still a great buy at 40 times earnings because compared to other stocks that are trading at 40 times earnings Gillette is in better shape. The purchase of a stock is supposed to be a bet on the future earnings growth of a company. That's not what we have today in the stock market. As the gal said over dinner last night, the bet is that stocks, now traded as commodities, will always have enough buyers to hold prices up, regardless of the fundamentals. Thus, the market can continue to rise on the news of lower corp. earnings. A real crash will happen when it becomes clear to market participants that this is no longer true. To end speculation in stocks, buyers have to leave the market in large numbers and stay out for a while. With all these kids doing buying, and with circuit breakers to keep the market from dropping below a threshold that might trigger a panic selling, I don't see how a true mass exit from the market is possible.

Date: Sat Mar 28 1998 20:13
Hardguy2 (Help! Would someone be kind enough to ) ID#399119:
post url sources for info on Denison mines ( DEN-T ) , Lyndex Exploration ( LYDX ) and Canarc Resources ( CRCUF ) would also appreciate any comments or insights on the investment potential of same. Thank you ahead of time for kindness shown a Newbie Rookie infected with the gold ( and other PM's ) bug.

Date: Sat Mar 28 1998 20:02
SDRer__A (GUARANTEED! By you! By moi! [IFC & MIGA are WB 'children']) ID#287277:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
IFC ASSISTS IN PRIVATIZATION OF FYR MACEDONIAN BANK
—Project to restore confidence in financial sector—

WASHINGTON, D.C., Mar. 6- The International Finance Corporation ( IFC ) has approved an equity investment of about US$5.4 million for a 15 percent shareholding in Stopanska Banka, Former Yugoslav Republic of Macedonia's largest financial intermediary. As part of this privatization, Erste Bank of Austria will invest about US$9 million for a 25% stake and it is
expected that the European Bank for Reconstruction and Development ( EBRD ) will seek approval for an additional 15% stake. Collectively, the new investors will own 55% of Stopanska Banka, with 45% in the hands of local Macedonian entities,
making this the largest foreign direct investment in the country since its independence.

Date: Sat Mar 28 1998 20:01
henryd__A (aurator, ewe are a devil, ewe are! ... may order one me-self...) ID#34857:
.

Date: Sat Mar 28 1998 20:00
quion97 (TO MR DISNEY,) ID#23398:
Copyright © 1998 quion97/Kitco Inc. All rights reserved
SOUTH AFRICAN CRIME WAVE. I quote the text from STRATEGIC INVESTMENT/MARCH 18 1998.A report fromthe World Economic Forum claims that organized crime in South Africa was second only in scale to that of COLUMBIA. Evidently, criminal networks have penetrated the state structures and corrupted high level government officials. The report claims that one in four officers of the SOUTH AFRICAN POLICE SERVICE in the Johannesburg area alone are currently under criminal investigation. Reports estimate that more than 190 criminal organizations are active in the country, including elements of the RUSSIAN MAFIA involve in diamond and weapons smuggling, as well as CHINESE TRIADS and NIGERIAN drug rings. The country has become particularly vulnerable to organized crime since emerging from international isolation,

Date: Sat Mar 28 1998 19:57
sharefin (A GOLDEN Comentary) ID#284255:
-
INVESTECH FINANCIAL UPDATE, Saturday March 28th, 1998
Several important developments this week...
First, bonds weakened - leaving the top of the recent rally well under the high of the rally in February, which in turn is under the high of the rally in January. Bonds are on a clear downtrend with yields creeping back up to 6%. Our Bond Yield Momentum model could finally roll over to start heading down on next week's reading.
Second, our Bellwether Divergence Index fell another 2 full points. This LONG-leading model is falling fast as brokerage and utility stocks turn down.
And third, gold and gold stocks strengthened in the face of slipping stock prices. It is that countertrend firming that we had been looking for, and which suggests that Wall Street's bubble will start to unwind in an INflationary ( rather than deflationary ) manner - at least to start.
On the monetary front, there is obviously not enough reason for the Fed to tighten at Tuesday's FOMC meeting. That is, unless they look at the out-of-control money supply growth or fear next Friday's Unemployment numbers which are likely to hit a new 27-year low. Odds are against it, but don't rule out a surprise tightening. And even so, we think the Fed is getting closer to raising the Margin Requirement for the first time in 24 years. The monetary environment may still be favorable; but any way you look at it, ANY surprises are going to be nasty ones.
LONG-TERM INVESTORS... we are recommending a 4% position in Franco-Nevada Gold ( symbol FN ) and a 4% position in Euro-Nevada Gold ( symbol EN ) ; both are on the Toronto exchange. Gold stocks, by nature, are a more volatile investment. And IF Asia or the U.S. market revert to unwinding again in a deflationary manner, we may exit these at a loss. But right now, the fundamentals are there, and the relative strength is strong.
MUTUAL FUND INVESTORS... we are recommending an 8% position in American Century Global Gold Fund ( formerly Benham Global Gold ) , symbol BGEIX.
Our current issue, mailed Friday, gives more details on the reason behind these positions and the rapidly changing outlook for this market.
Latest Readings...
MONETARY PROFILE : +13, will turn negative on any Fed tightening move.
NEG LDRSHP COMP : +5.3, down another notch this week.
BREADTH DISPARITY: +570,
LEADERSHIP INDEX : +81,
NASDAQ: +68, leadership is still very steady and positive.
SHORT-TERM INDICATORS...
PRESSURE FACTOR: +20, still near overbought after 3 days of decline.
CALL/PUT RATIO : -13, fairly neutral.
FUTURES PREMIUM: 17.28, a new frothy high in optimism - suggests more rally attempts ahead.


Date: Sat Mar 28 1998 19:47
Digdeep (anglo american) ID#267276:
Does anyone have any views on anglo american? Thanks

Date: Sat Mar 28 1998 19:46
JOE Smith (New silver site) ID#24869:
after many requests for information I have started to assemble some information.. which could lead to a 100 mil oz deposit--its early days yet



http://www.wire.net.au/~jsmith/ if clicking on this does not work then try to cut and paste.



any suggestions ,or further information



jsmith@wire.net.au

Date: Sat Mar 28 1998 19:43
quion97 (Farfel PEGASUS) ID#23398:
Thank you for the PEGASUS update.I have 30k of convertibles,by the way interest due April 1st. The individual who purchase the CV for me thinks that we will be OK in the long run.I beleive he controls a fair chunk he is one of the chaps who was nominated on the creditors cmt. I have a friend who will have lunch with him in April. If you have questions to suggest for this meeting it would be welcomed.

Date: Sat Mar 28 1998 19:41
SWP1 (@ Speed: RE: DD Dilution Ah Ha! (..if it's true)) ID#233199:

Date: Sat Mar 28 1998 07:49
Speed ( Durban Deep ) ID#286199:

DD just voted to issue 3.7 million new shares to finance projects. This would explain the failure of the stock to appreciate as fast as the other SA stocks this past week. Does anyone have more information?

Date: Sat Mar 28 1998 19:38
Gaston2 (US market not ready for a crash...) ID#377211:
Copyright © 1998 Gaston2/Kitco Inc. All rights reserved
This was left out from my previous post...

The US stock market is not ready for a real market crash, IMHO. Because:
( a ) we talk about Inflation and Deflation but it is not here yet
( b ) we talk about bank failures ( but not yet in the USA )
( c ) we talk about financial distresses at individual levels ( but not
here yet )
( d ) we talk about employement ( but we need unemployement increase to
create a problem )
( e ) we talk about a weak greenback ( but the $ is still viewed as
strong )
( f ) we talk about a bubble forming ( but the bubble is not big enough
yet )
( g ) we talk about irrational exuberance in the stockmarket ( but many
average investors invest in 401k and are not themlselves buying
stocks,...yet... this is not yet full blown mania, IMHO )
( h ) we talk about the US being in financial distress ( yes, the US has
great debts but foreigners still believe in US economy strength and
support it )
( i ) we talk about US economy in recession ( but the economy has not
really faltered yet )
( j ) we talk about mania in the stock market ( but if you talk to your
street neighbours, there is not visible mania )
( k ) we talk about fear of financial instability in the US and in US
homes ( but most non-kitcoites don't see it yet and there is NO
discernible fear around )
( l ) we talk about gold as the way to go ( but none of my neighbours
invest in gold )
I believe that the bubble is not large enough yet to burst.
What the experts are really saying ( my interpretation ) is that we
are entering a time of great volatily... that is what we are facing in
the very short term. ( I like volatility, personnally! ) BUT everybody
agrees that a crash is in the making, right... but a crash is not going
to just happen this coming week. ( I am one who thinks that DOW 9800 is
in the making this Spring and that DOW 10000 will be the impossible
number this year ) .
The first massive drop in the stockmarket will be followed by massive
buying. ( A guess ) . During this volatility period ( this Spring ) ,
gold will keep going up, with ups and down...
The Spring of 1998 will be remembered as one of the greatest period in
the recent Stock Market history when quick money will be made ( day
traders and short term traders' heavenly period ) ... IF played right,
of course!. And nerves will be frayed. Spring of 1998 will be the time
when a lot of wealth will be transferred from uneducated investors to
smart investors. I am afraid.
Good luck all.
Gaston

Date: Sat Mar 28 1998 19:36
Gaston2 (Barron's has given up criticizing gold ownership...) ID#377211:
Copyright © 1998 Gaston2/Kitco Inc. All rights reserved
Despite gold stocks being the best investment to be in last week.... very little said in Barron's!... That is MUCHO bullish in my view. Barron's has been very negative in the past during most gold / gold stocks upsurges. Now I believe that they don't dare to be negative about gold ... but they don't want to be responsible for gold mania either... So they just ignore the gold 1998 problem!

The 1928 - 1929 Barron's piece is a very poor article indeed, with even a date mistake. It does not mention that gold ownership was the only way to protect yourself against the market crash and against the massive real estate deflation ( the best way to protect yourself... even though the POG was fixed, then! ) . The Barron's article was, however, stressing the high stock market volatility in 1928... volatility that is NOT YET here in early 1998... It's coming, though!... Great time to make big profits here and there...

The US stock market is not ready for a real market crash, IMHO. Because:

( a ) we tal

Date: Sat Mar 28 1998 19:24
James (Hi Ted@looks like your patience with ABX is finally starting to pay off) ID#252150:
I'm selling a little on the way up so that I'll be better able to take advantage of a pullback. Your temp there today is about the same as here. Unsettled weather here lately & cooler than normal. Pina coladas eh? I can't handle those tasty drinks anymore. I used to love margaritas in foreign ports like San Diego, where I could get right out of it & not have to face the wife. That was one of the great things about the Navy, we never had to worry about civilized company.

Date: Sat Mar 28 1998 19:22
Myrmidon (For those who are skeptical about individual SA stocks...) ID#347127:

... an alternative is to buy ASA. I know that some cannot do the analysis of an individual SA gold stock as easy as a NA gold stock due to data availability. Well, you have this deversification with ASA ( closed end mutual gold fund ) .

ASA is at bargain price now ( $23 1/8 ) . For the aggresive investors DROOY, RANGY etc. Diversify into SA golds, one day you will be glad you did.

Farfel, someone asked what you look like - I will answer for you.
FARFEL LOOKS VERY RICH!

Date: Sat Mar 28 1998 19:14
Silverbaron (Poorboys 18:31) ID#288295:

I have not a clue as to what to mean....please enlighten me.

Date: Sat Mar 28 1998 19:14
Myrmidon (@ Yianni) ID#347127:

Your name is greek, are you Greek?

Date: Sat Mar 28 1998 19:09
aurator () ID#255284:
CJS
Thanks
bb

Date: Sat Mar 28 1998 19:04
Earl (Contemporary notions of human rights ... 'n other misguided nonsense.) ID#227238:
Copyright © 1998 Earl/Kitco Inc. All rights reserved
Poorboys ( My Belly IS full ) : Sorry for the delayed response but the sun was shining. Uncharacteristically. The garden was lushly outfitted with a fine crop of early spring weeds ...... The tiller called. It was necessary that space be provided for the next crop. ... Of late spring weeds. .... And then the grandchildren arrived.

For some reason, idle polemics suddenly assumed a lower order of priority. A human rights sort of thing. I suppose.

In the meantime, millions of underprivileged workers go about their daily business with little but nickels and dimes to show for their effort. While here on Kitco we, of the privileged, debate the merits of supporting any organization that would deign to exploit them by providing them gainful employment. Better to allow them the freedom to continue their subsistence way of life as nature ordained ..... and we somehow ( and thankfully ) escaped. I suppose.

It would be especially nice if all could subsist on incomes equivalent to those of us in the west but just as all general equity investors expect to retire as millionares; it cannot be. We, in the west, are probably consuming the capital issued us in the greater colonial age and, likely, will not enjoy it much longer either.

This topic can consume more bandwidth than it deserves so it should be concluded by recognising that our present position, yours and mine, is a direct result of previous human rights abuses, of a more genuine sort, but generating a collective migraine on the subject will neither mitigate the past nor materially determine the future.

Within the limits of a mostly free world, all players are more or less free to be exploited as they see fit. Some are more free than others. As is the case with you and me. In some small fraction of cases, actual abuse does take place. South African gold mining probably is not one of the notable cases. Better that we should rail against western monetary systems which are truly an expression of imperial edict and an ultimate source of human misery. As those in Asia will now attest. ...... The downside is, that you will have to pay more. Ready for that?

Date: Sat Mar 28 1998 18:58
CJS (@aurator) ID#329157:
Ratners- run by Gerald Ratner, some news here:
http://www.creditworthy.com/uk/news/cw2807.html

Date: Sat Mar 28 1998 18:53
aurator (Ewe shouldn't have.) ID#255284:
Donald Auric
thanks for the sheep joke. I have hundreds, but look at what I hope to get for my next birthday

http://www.muttonbone.com/ewe.html


Date: Sat Mar 28 1998 18:52
Poorboys (Who said?What Said?Thing Said ? How many handles Bart?) ID#224149:
If I was A carpenter of building nom de plume? How could I survive? Easy POST AT KITCO.

Date: Sat Mar 28 1998 18:48
Donald__A (SDRer: trying again.) ID#26793:
http://infind.inference.com/infind/infind.exe?query=miga&time=7&x=36&y=13

Date: Sat Mar 28 1998 18:47
aurator (those word thingies again) ID#255284:
Copyright © 1998 aurator/Kitco Inc. All rights reserved
CJS
I am trying unsuccesfully to recall the name of a large chain of Jewellery shops in the UK that collapsed after the CEO was reported in the Fleet St rags as saying;

I wouldn't buy any of the crap I sell.


He was selling 9kt & micron-thin plated jewellery on the High St. Can you recall the name of the fellow and his chain?

To complete an earlier thought, after a soak in the bath===

Words can cause wars and bring peace. Words can cause pain and words can heal the sick. Words can build a future and destroy the present.

Hard Case

What kind of words do you chose to utter?


Date: Sat Mar 28 1998 18:46
Donald__A (@SDRer) ID#26793:
Here is a bunch of MIGA stuff. Have you seen these?

Date: Sat Mar 28 1998 18:43
tolerant1 (Hmmmmm - Time Bomb 2000 - no question - worth the $20.00) ID#31868:
for the thought provoking information contained. No question. Buy the book, read, sit, ponder, act.

Date: Sat Mar 28 1998 18:43
TYoung (Donald/derivatives/Japan) ID#317193:
As if I was not concerned enough about derivatives. Thanks again for your yoman efforts. Tom ( IDCIBM a message from GOD and F* )

Date: Sat Mar 28 1998 18:40
Donald__A (Barron's Article) ID#26793:
A story by Professor Sobel of Hofstra that shows some comparisons between the 1928-1929 period and today is very interesting reading. Can anyone post?

Date: Sat Mar 28 1998 18:34
Donald__A (Stillwater, Franco Nevada news) ID#26793:
http://biz.yahoo.com/prnews/980326/co_johns_m_1.html

Date: Sat Mar 28 1998 18:33
SDRer__A (A parting MIGA thought--in 1995 they created a brokerage service) ID#287280:
which would naturally be shielded by all articles below listed.
Care to view for a moment, all those national privatizations
through THAT filter? Need to smell the flowers...FASSSST {:- ( ( (

Date: Sat Mar 28 1998 18:31
Poorboys (And the Baron fell from the sky ?) ID#224149:
Silverbaron ----Watch out! The game is almost over ----You may become a historical chart for the kitchen garden rabble ----Away for more aggrandized desert twitter

Date: Sat Mar 28 1998 18:24
SDRer__A (Donald--Russian ruble derivatives available soon (call 'em roulettes?)) ID#287280:
That is very, very good! {:- ) ) ) Cheered me up--a very special
service, so configuring the presentation of what is--by almost any standard--a financial asteroid is hurtling toward us...
Thanks, i needed that...still LOL!

Date: Sat Mar 28 1998 18:21
Donald__A (Prediction that Japanese banks will flock to derivative trading after Big Bang) ID#26793:
http://biz.yahoo.com/finance/980325/japan_bigb_4.html

Date: Sat Mar 28 1998 18:18
SDRer__A (Sorting through MIGA--wanted to share this...what a LOVERLY World they've builtl for themselves) ID#287280:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
Article 45. Assets ( a ) The property and assets of the Agency, wherever located and by whomsover held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or legislative action. [there is--of course--much more under A45]

Article 46. Archives and Communications ( a ) The archives of the Agency shall be inviolable, wherever they may be.

Article 47. Taxes ( a ) The Agency, its assets, property and income, and its operations and transactions auatorized by this Convention, shall be immune from all taxes and customs duties. The Agneyc shall also be immune from liability for the collection or payment of any tax or duty.
( b ) Except in the case of local {note: Local] nationals, no tax shall be levied on or in respect of expense allowances paid by the Agency to Governors and their Alternates or on or in respect of salaries, expense allowances or other emoluments paid by the Agency to the Chairman of the Board, Directors, their Alternates, the President or staff of the Agency.

( C ) No taxation of ANY kind shall be levied on any INVESTMENT GUARANTEED OR REINSURED by the Agency ( including ANY EARNINGS therefrom ) or any insurance policies reinsured by the Agency ( including any premiums and other revenues therefrom ) by whomsoever held...[i r getting very
cranky and moderately depressed...out to the Garden...] bbl

Date: Sat Mar 28 1998 18:16
Donald__A (@CJS) ID#26793:
Barron's has an article today that mentions the dollar. Exporters are screaming for a weaker dollar. Rubin won't budge etc.

Date: Sat Mar 28 1998 18:14
jims (To Glen at 14:28) ID#252391:
Enjoyed your perspective in your post timed at 14:28. Timely that some of these conspiracy theories be deflated. As you seem to know something about the workings at the COMEX perhpas you have a comment on a story I read that silver inflow to London totalled 300 million oz in the first two months of '98. How big are the London stocks, is London trading at a premium or discount to New York? - a couple of questions I have.

Supposed 40% of the inflow tookl care of Buffett's acceptance.

Your thoughts

Date: Sat Mar 28 1998 18:13
Donald__A (Russian ruble derivatives available soon (call 'em roulettes?)) ID#26793:
http://biz.yahoo.com/finance/980326/cme_to_lau_1.html

Date: Sat Mar 28 1998 18:07
Donald__A (Second sign of Brazilian deflation this week.) ID#26793:
http://biz.yahoo.com/finance/980327/brazil_mon_1.html

Date: Sat Mar 28 1998 18:05
CJS (Strength of Euro vs. Dollar?) ID#329157:
-
A PFENNIG FOR YOUR THOUGHTS! commentary from last week:
I think that the Euro will have a golden early childhood, followed by a very troubled adolescence..
GDP 4th Qtr forecasts came out lower than the survey indicated, and one would have thought with the stronger dollar that we would have been back on the rally road again.. But Nooooooo!..
...
Japan was back on the tape last night talking up the Yen...
However, trust me on this one.. hear me now and listen to me later, $/Yen @ 140 will be more than enough for the US to intervene with calls for a weaker Dollar!..
http://www.marktwain.com/current.html

Date: Sat Mar 28 1998 18:02
aurator (Who invited the Bee Gees?) ID#255284:
-
Crusty, Donald, sam, SDR_er, Auric, Ted, Prometheus, cherokee, nicoretto, Allen, JTF, Mooney, A. Goose, The Hermit, Arragorn 111, clone, alberich the dwarf, Isure, Haggis, Ersel, Éß, jonesy, Fred@Vienna, Silverbaron, Frustrated, tolerant1, robnoel, mirmidon, anyone I may have missed

I have to disagree with hardcase about the power of words, words can cause wars and heal the sick, anyway I feel a song coming on. Everyone now give us a big toothy smile, open a couple of top buttons on your shirts, sling on a large 22k Gold Necklace & 9999 Pendant, ( those who need to, grab a chest-wig ) and in Harmony ( HGMCY ) with vibratto, sing loud:

It’s only words, and words all I have, to thank you from my heart....

Date: Sat Mar 28 1998 18:02
ERLE (hardcase) ID#190411:
I wasn't chafing at the bit to offer offal as you. Why don't you and your preschool pals shut up, sit down, and learn something.
ANOTHER new guy, who will shut up.

Date: Sat Mar 28 1998 17:52
Silverbaron (please=pleased) ID#288295:


Date: Sat Mar 28 1998 17:49
Silverbaron (aurator) ID#288295:
I'm please so see that your case of AUthritis has overcome your paranAUia. Nice search engine - t1 passed another AUsome one to me last night that I've been playing with... http://www.dogpile.com

Date: Sat Mar 28 1998 17:45
GOLDEN CHEESEHEAD (LIHIR VS. DROOY!!) ID#431263:
HERR DIZZY, VRONSKY ET AL.---LIHIR ( LIHRY ) closed Friday at 26 3/4 UP 2 1/8 or 8.63%. DROOY closed Friday at 2 11/32 UP 1/32 or 1.35%. Case for Lihir vs. Drooy CLOSED ( CERRADO! ) Moral of story--BUY LIHIR! They ain't makin' any more of it cause THEY DON'T HAVE TO EXPLORE--42 million ounces and millions more where they came from at $225/oz! PLUS NO ANC BULLSCHEISS! NO ZULU BULLSCHEISS! NO MANDELA BULLSCHEISS! AND NO JORNEYIN' TO THE CENTER OF THE EARTH TO FIND THE STUFF!

Date: Sat Mar 28 1998 17:44
Poorboys (Roger Waters --Please turn your ear) ID#224149:
In panorama from the present everyone is a genesis genius remaining mirror-less towards the guilt of insanity –Salutation to the world of Pink Floyd ---If you have sense then Welcome To The Machine ---Away to see the rabbit steal my carrots------ Oh Yes ---Available in 24 carrot Gold ---competitive poverty for the proletariat. One last coin for the anthropocentric race.

Date: Sat Mar 28 1998 17:42
Donald__A (Japanese economy in a severe state and worsening rapidly) ID#26793:
http://www.iht.com:80/IHT/TODAY/WED/FIN/yen.html

Date: Sat Mar 28 1998 17:37
CJS (Beanie Babies) ID#329157:
Interesting stories about the Beanie Baby thing at
www.fiendbear.com
The tulipmania in our time. Could this be a microcosm of the macrocosm? A leading indicator of the equity markets? Pity if it's a lagging indicator.

Date: Sat Mar 28 1998 17:33
henryd__A (pagoda) ID#34857:
Yes, you're right. This site's been hopping for a week now. Funny thing is, one of our guru's predicted this very thing would happen once gold got its legs back under itself ... one more for the good guys, no?

HenryD - Go Gold!

Date: Sat Mar 28 1998 17:27
Donald__A (Hong Kong, China, in panic over Y2K problem.) ID#26793:
http://biz.yahoo.com/bw/980326/egan_syste_1.html

Date: Sat Mar 28 1998 17:22
jonesy (@ aurator) ID#251166:
Glad you're back, by the way. Looking forward to your next newsletter.

Date: Sat Mar 28 1998 17:21
jonesy (@ aurator re. Inference search engine) ID#251166:
Nice one. Thanks!

Date: Sat Mar 28 1998 17:20
Donald__A (China banking woes an urgent concern for investors) ID#26793:
http://biz.yahoo.com/finance/980326/china_bank_1.html

Date: Sat Mar 28 1998 17:16
EJ (As gold goes up, Platinum goes down) ID#45173:
I get a lot of precious metal dealers trying to convince me that Platinum is the precious metal investment for the next decade at the same time they're saying gold is a the best hedge investment against an economic/political downturn. This doesn't make sense to me. Platinum is an industrial metal. If things go wrong, gold will go up in value while demand for all products, including those that contain platinumd, will decrease, lowering the price of platinum. Anyone disagree with my logic?

Date: Sat Mar 28 1998 17:15
Auric (Dueling Search Engines ) ID#255151:

Here is a good link to some OZ stuff. http://www.eskimo.com/~tiktok/ozfaq.html

Date: Sat Mar 28 1998 17:09
John Disney__A (WELCOME BACK SALTY) ID#24135:

hey I always knew you never was no libral !!

for gianni

Ok I forgive you .. but then I'm easy

Date: Sat Mar 28 1998 17:06
EJ (@Auric) ID#45173:
I found the site below with the Wiz of Oz info in about a minute using my favorite search engine, Hotbot.

Date: Sat Mar 28 1998 17:06
tricky (Here is another good one) ID#304282:
http://wccusdgate.wccusd.k12.ca.us/elcerrito/history/oz.htm

Date: Sat Mar 28 1998 17:06
aurator (Fads, they don't make 'em like the hoola hoop anymore---or do they?) ID#255284:
223
Thanks for your comment on beanie babies, another fad expires. I've packed away auromontani libri, so I cant tell you exact reference, Is a brilliant book called Fad Money that has helped my bank balance over the years now being converted into precious. Am planning another dart into the fray for a sporting accessory this Xmas. May even try marketing on the web for the heck of it too.

There's money to be made in manias, even by the paranoid

Date: Sat Mar 28 1998 17:03
tricky (wizard of oz) ID#304282:
Theonly reason I reposted it was because some people asked about my sources and I didn't get a chance to respond. Here are some interesting links dealing with the parable for those interested.

http://www.amphigory.com/oz.htm

http://www.polisci.wisc.edu/~coleman/424oz.htm




Date: Sat Mar 28 1998 17:03
Flash (Buy the numbers) ID#301318:

'Computer Weekly' reports that William Hill ( of bookmakers / betting shops fame ) are giving odds of 50:1 on all domestic UK flights being cancelled on 1 January 2000.

I'll bet the odds will be a lot less if you take a wager on some of all the flights being affected.

Computers, don't yaa just luv'm.

Date: Sat Mar 28 1998 16:59
Donald__A (Concern that Fed may raise rates at next meeting.) ID#26793:
http://detnews.com:80/1998/biz/9803/28/03280054.htm

Date: Sat Mar 28 1998 16:53
farfel (@HAGGIS...WHERE ARE YOU?) ID#340302:
Rumors floating around Kitco that you've shacked up with Karlito down there in Kalgoorie.

Truth or fiction?

F*

Date: Sat Mar 28 1998 16:53
EJ (@All: Here's the story on the Wizard of Oz allegory ) ID#45173:
Copyright © 1998 EJ/Kitco Inc. All rights reserved
Some great examples of avatars that embody ideas comes from The Wonderful Wizard of Oz. This fairy tale is an allegory of the silver movement at the end of the nineteenth century. Dorothyís magical slippers were silver, not ruby, in the original story! After 1887 a series of droughts struck Kansas and as many as three out of four farms were mortgaged in some Kansas counties. Thousands of settlers like Dorothyís Aunt Em and Uncle Henry gave up and retraced their steps East; others trusted in the Farmerís Alliance and pinned their hopes on the free coinage of silver. While gold as a standard of currency symbolized the idle rich of the industrial Northeast, silver stood for the common folk. Added to the currency in the form of silver dollars, it meant more money, higher crop prices, and a return of prosperity. Or so the supporters of silver coinage, lead by William Jennings Bryan, believed.

Each character and object in the story represents something in connection with the battle of the standards, even the storyís title. Oz ( ounces ) referred to the fight over the ratio of silver to gold. Dorothy wears magical slippers and follows the yellow brick road, thus achieving a proper relationship between the precious metals, silver and gold. Like many of her countrymen, she does not at first recognize the power of the silver slippers, but a kiss from the Good Witch of the North ( Northern voters ) protects her on the road. Dorothy meets the scarecrow ( the farmer ) who has been told he has no brain but actually possesses great common sense, the Tin Woodman ( the industrial worker ) who fears he has become heartless but discovers the spirit of love and cooperation, and the Cowardly Lion ( reformers, particularly William Jennings Bryan ) who turns out not to be very cowardly at all.

Dorothy disposes of the Wicked Witch of the West ( the eastern money power and those favoring gold ) and frees the Munchkins ( the common people ) . When the four companions reach the Emerald City ( the national capital, green-back colored ) , they meet the Great and Terrible Wizard who tells them that, to gain his help, they must destroy the Wicked Witch of the West ( morgage companies, heartless nature, and other things opposing progress there ) . Courageously, they set forth. Dorothy dissolves the witch with a bucket of water ( what else for drought-ridden farmers?, but when they return to the Emerald City, they find that the Wizard ( the money power ) is only a charlatan, a manipulator, whose power rests on myth and illusion. Dorothy unmasks the wizard, and with the help of Glinda, the Good Witch of the South ( support for silver was strong in the South ) , uses the silver slippers to return home to Kansas.

From http://tech-head.com/oz.htm

-EJ

Date: Sat Mar 28 1998 16:53
Auric (Search Engine) ID#255151:

My favorite search engine is Inference Find. Easiest to use and most practical that I have found. http://www.inference.com/infind/

Date: Sat Mar 28 1998 16:51
farfel (@PAGODA...IT'S YOUR IMAGINATION...) ID#340302:
...same activity on this site as before...still a lot of skeptics abound re: sustainability of gold rise.

@SAM....IDCIBM...IDCIBM...IDCIBM...

F*

Date: Sat Mar 28 1998 16:46
223 (Beany Baby Blues: a story to tell when someone laughs at your being a goldbug) ID#26669:
Copyright © 1998 223/Kitco Inc. All rights reserved
After more than two years of asounding success the supply of Beanie Babies looks to have exceeded the demand at our local flea market. IMHO

Up until recently local toy, card and novalty stores have fought a losing battle to keep the babies in stock, with the $5.00 toys flying from the shelves as fast as they could be put out to be resold for prices as high as $10,000 for the really rare ones ( which I've never seen ) to $250 for Tabasco the Bull to $7.00 for the common ones. I was proud to see that the retail price for my own collected BB gifts ( consisting of Batty the Bat, Rainbow the Chameleon and Hissy the Snake ) now exceeds $22US. IMHO

Well today was a landmark day. I lost count at two dozen Beanie Baby booths at the flea market compared to two coin dealers, three used book sellers and a half dozen costume jewelry sellers. Entire families were there, huddled behind stacks of the Beanie Babies which apparantly represent their entire disposable wealth. Several ladies stoppped and looked but I didn't see a single buyer. So, with Beany Babies stacking ever higher the crash appears imminent. IMHO

Disclaimer: the name Beanie Baby and all the specific names I mentioned are all registered trademarks of the Ty Corporation and are handmade in the Peoples Republic of Red China along with most other US consumer goods. There is no intention to defame any of the good citizens who have sunk their life savings into collecting them. All you goldbugs can even visit their webpage. I have no fiduciary relationship nor any other relationship with them except having three of the damned things sitting on my dresser. IMHO http://www.ty.com/


Date: Sat Mar 28 1998 16:44
pagoda (Is it my imagination or did this site get a lot more active with a) ID#22650:
little rise in the price of gold?

Date: Sat Mar 28 1998 16:41
sam (farfel) ID#286279:
I don't care what you say anymore, I'm buying more, gold that is. Maybe some SA mining shares too. IDCIBM IDCIBM IDCIGBM

Date: Sat Mar 28 1998 16:36
sam (tricky) ID#286279:
Woops sorry, I see that it was reference to The Wizard of Oz not to an analysis of it.

Try this-
http://www.metacrawler.com/

Type in [l frank baum] or [wizard oz gold] you should find something.

Date: Sat Mar 28 1998 16:28
glenn (Answer) ID#376309:
Copyright © 1998 glenn/Kitco Inc. All rights reserved
TO the person who wrote this
------------
On the 27th at about 8:31 am. there was a strange thing happened at Comex. I was watching Dec 98 gold and it drooped $10.20 suddenly and stayed that way for about 2 min. before going back up. What was that. Did a floor trader try to trigger some computer programs so they would sell? If so, is that legal?
----------------
Answer-- No this did not really happen. The data gets entered by people and sometimes, but not to often, they make mistakes. My guess is that the COMEX Floor Recorder entered the price one digit off. Ie $10 to low and then was corrected or the next trade was entered correctly. Locals do not go after stops. The gold market is much bigger then the locals on the floor. There are off-the-floor traders who are big who do move the market to go after other big traders stops though. In some other markets locals may be big enough to go after stops but not gold.

I've seen 10 contracts move the market $0.50 and I've seen 2000 contracts taken care of within the space of $0.20. If you want to buy or sell gold in volume and your serious about it you will get filled.

Date: Sat Mar 28 1998 16:27
sam (@) ID#286279:
Hi HARDCASE!

Hi aurator!

Hi jonesy, I think HARDCASE will be able to take care of herself/himself!

Hi tricky! Here's another reference
BAUM, FRANK, 1900, The Wonderful Wizard of Oz, George M.Hill : Chicago

Nice monetary allegory of the debate on the free coinage of silver ( not my comment -s )

Date: Sat Mar 28 1998 16:26
tolerant1 (Ted, Ted, Ted, Stanford, Ahhhhhh, ha, ha, ha, ha, ha, ha,) ID#31868:
hee,hee,hee, ,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha
ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,

NOT!

Date: Sat Mar 28 1998 16:25
Trinovant (ICBM!) ID#359316:
I Care! Buying More!

Date: Sat Mar 28 1998 16:25
Donald__A (@Aurator) ID#26793:
Glad you are back. I didn't know your e.mail address and I just sent you something via Sharefin. Should of looked before I leaped.

Date: Sat Mar 28 1998 16:25
aurator (Nice work if you can get it---) ID#255284:
Tort. Tim
scrutinise IDT's last post with an intense scrute, please. Looks to me IDT has relinquished his ownership in the securities to Fidelity ( how did they get that name? ) If they can lend IDT's securities and retain any earnings from them and IDT can't exercise the voting rights while Fid has them loaned doesn't sound to me like IDT owns anything.

Date: Sat Mar 28 1998 16:24
farfel (@HAGGIS...OH...P.S.... IDCIBM.....) ID#340302:
Ultimately, regardless of what you way, IDCIBM...IDCIBM...IDCIBM.

F*

Date: Sat Mar 28 1998 16:21
Trinovant (HARDCASE) ID#359316:
-
It doesn't do any good to reason with someone who doesn't care what the definition of a word is Sounds like a classic line out of an L. Ron Hubbard manual of Scientology- Are you a Scientologist, HARDCASE?

F* - Seems to me that you and everyone else have missed the chance to comment on the SYMBOLic significance of farfel's new name... perhaps he should henceforth be The AuBug Formerly Known as Farfel ( TAFKAF )

HARDCASE is an excellent moniker... HARD since gold is hard, and hard assets will triumph in the global financial meltdown that lies ahead. CASE reminds me of case hardening, where items such as cogs and gears are heat-treated so that the outer shell of the metal becomes hard, and therefore a wear-resistant surface, yet the inside remains softer, which prevents brittle fracture. The cog-makers of old understood this, which nowadays we would understand as means for prevention of crack propagation, or dislocation propagation, as described in the classic The new science of strong materials, or why we don't fall through the floor.
Case hardening is an example of manufacturing technique, which is the foundation of wealth, and sound manufacturing industry will provide the future wealth, not the illusory gains of stock market bubbles which vanish when everybody tries to realise their gains. After the meltdown, during which gold will prove its value as store of wealth, investors will look once more at the real fundamentals of companies, which show how effective they are at creating tangible wealth that satisfies people's needs, after all, there must be a future in productive wealth after gold has saved our skins, or there will be no material prosperity.

Date: Sat Mar 28 1998 16:21
farfel (@HAGGIS...Reasons why PEGASUS should re-emerge from bankruptcy.) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
Now, calm down, Haggis...after you read my earlier posts, I know you will be pissed off. However, wipe the scotch off your kilt ( and I say that with the greatest affection ) and listen to me. These are my thoughts ( so feel free to point out any holes in my logic ) .

First, I have little doubt that Australian creditors will take over Mt. Todd...I certainly would not expect Pegasus to retain ownership of this mine. I agree...Australian banks will take away all Pegasus' Australian assets and liquidate. They will probably see if they can interest another producer in buying them for cents on the dollar. Whatever deficit is left after that will result in an equivalent writedown on their loans. However, I see no way in which Australian creditors can have sole recourse to liquidate non-Australian assets. I understand there are several Canadian and American banks in the picture...and no gold loans outstanding. If I am wrong, tell me. I am willing to learn from the Master. However, supply me details, OK?

If my logic is correct then, there two or three mines left producing close to half a million ounces of gold. If gold should reach 340-350, then the company is back in the game.

Why would non-Australian creditors wish to liquidate the company given such potential viability? Their only hope for full recovery of loans ( plus some profit ) lies in keeping the company viable. Even if they move in to seize all non-Australian assets for auction to other gold producers, in today's environment, they will not get anything near the real values of the remaining mines.

Bottom line: liquidation of the ENTIRE company in this low-price gold environment does not make any sense. On the other hand, if the company is taken out of bankruptcy at just the right moment ( as gold price is soaring ) , then new common equity can be afforded creditors at just the moment when populist gold investing interest is surging. Existing equity holders --although diluted -- would certainly see the stock price move up dramtically beyond US $.40 ( its current close ) . What do you think, my haggard friend? Comments......

F*

REPOST....

PEGASUS GOLD

Tuesday, March 10, 1998 09:29 PM



SPOKANE, WA, March 10 /CNW-PRN/ - PEGASUS GOLD INC.
PGU - ME; PSGQF - OTC B.B.
( all dollar amounts in this release are in US dollars )
Pegasus Gold Inc. ( PGU - ME; PSGQF - OTC B.B. ) reports that the Company has recalculated its ore reserves and resources as of December 31, 1997 using a long-term gold price of $350 per ounce. All reserve pits and stopes were redesigned based on $350 gold price optimizations. The primary changes to the ore reserves are that Mt. Todd has been reclassified as additional mineralization removing it from proven and probable reserves because the asset is under Voluntary Administration in Australia, the removal of Zortman from ore reserves since the Extension Project is no longer economic at current prices, and the elimination of Black Pine and Beal Mountain from all categories since both sites are in closure. As a result of ore reserve reductions and the lower gold price assumption used for calculating reserves, the Company expects to record a reduction in the carrying values of its operating mines in the fourth quarter of 1997.
The Company's proven and probable reserves declined to 1.2 million
contained ounces of gold during 1997 as a result of mining and the above noted changes. At year-end 1997, total mineralized material increased to 2.4 million ounces of contained gold, with the majority of the increase resulting from the reclassification of the Mt. Todd, Zortman and Pullalli mines to this category. At ongoing operations, mineralized material increased to 533,000 contained ounces of gold with the majority of the increase coming at Montana Tunnels. During 1997, total additional mineralization decreased slightly to 5.1 million ounces of contained gold. Additions of 700,000 ounces at Florida Canyon and 100,000 ounces at Diamond Hill were offset by reductions at Montana Tunnels and Mt. Todd.

1997 PRODUCTION AND EXPLORATION UPDATE
During 1997, the Company's six mines produced 469,952 ounces of gold at a total cash cost of $308 per ounce, compared to 497,340 ounces at a total cash cost of $301 per ounce a year earlier. During the fourth quarter of 1997, the Company produced a total of 116,902 ounces of gold compared to 146,107 ounces in the fourth quarter of 1996. Total cash costs in the fourth quarter of 1997 were $339 per ounce compared to $303 per ounce for the same period in 1996.
During the fourth quarter of 1997, operations ceased at both Beal
Mountain and Black Pine as ore deposits were mined out and the Mt. Todd Mine was placed on care and maintenance.
The Company's ongoing operations include Florida Canyon, Montana Tunnels and Diamond Hill which are expected to produce approximately 300,000 ounces of gold at an average total cost of $250 per ounce in 1998.
Florida Canyon: Development and exploration activities in 1997 in the Radio Tower East, Jasperoid Hill, Cone and Headwaters areas all added upside resource potential. Exploration drilling at the Headwaters target now stands at 22 holes totaling 3,316 meters. Favorable results received from drilling in the northern portion of the target continue to indicate an up dip expansion of mineralization from Radio Tower East. The best hole to date penetrated 50.3 meters of oxide mineralization with a grade of 1.44 grams per tonne ( g/t ) gold starting at 9.1 meters. Currently, all exploration and development activity at Florida Canyon is directed toward developing and increasing minable ore reserves.
Diamond Hill: The 1997 exploration program had encouraging drill results within the North and Glory Hole Zones verifying that these zones continue to depth. At the adjacent Blacksmith property Phase I drilling commenced and eleven RC holes totaling 1,606 meters were completed by year-end. Initial results were very encouraging. Four holes penetrated significant intervals of high and low grade mineralization. One of the best holes, Hole 1 returned two high grade zones averaging 7.6 meters grading 3.7 g/t gold and 15.2 meters grading 4.3 g/t gold contained within a lower grade envelope of 44.2 meters grading 1.05 g/t gold. Also, Hole 3 returned two high grade zones averaging 3 meters grading 38.7 g/t gold and 12.2 meters grading 17.5 g/t gold within a
lower grade envelope of 41.2 meters 1.05 g/t gold. The gold mineralization is associated with altered and pyritized volcanics defined by a distinct geophysical IP anomaly approximately 700 meters long and 300 meters wide.
Follow-up drilling is continuing.
Capira Dorada Project, Panama: Reconnaissance sampling was completed on thirteen separate target areas throughout the concession. Based on these results, seven different drill targets have been established. However, due to the Company's current financial position, Pegasus has asked its partners to suspend the Company's obligations for six months.
Brazil: Pegasus is in the process of joint venturing most of its
properties in Brazil. The Independencia property has been joint ventured with Placer Dome who has commenced drilling to test for possible projections of the stockwork and sheeted vein systems outside of the known mineralized area. The program is still in the early stages and significantly more work will be completed on the joint venture.
1998 PLANS
Overall, gold production in 1998 is expected to be approximately 300,000 ounces. Pegasus expects that total cash costs for 1998 will be $250 per ounce. The Company anticipates that from existing operations gold production could increase in 1999 to the 350,000 ounce level at a total cash cost of $200 per ounce.

At Florida Canyon, the Company has reviewed and changed the mining plan significantly. During 1998, ore will be placed on the existing heap leach pad resulting in expected gold production of 185,000 ounces at a total cash cost of $285 per ounce. The new reserve model reduces the strip ratio considerably resulting in a lower mining cost per tonne. Additionally, mining costs improve due to efficiencies gained in shorter waste hauls, rock characteristics improve and less working faces to maintain resulting in more efficient operations. The overall capital required for the site has been reduced because the Company intends to build an extension to the existing heap leach pad as opposed to building a completely separate heap leach pad. Engineering is underway on the design of an extension to the existing heap leach pad eliminating approximately $10 million in capital expenditures required for a new pad. For 1998, the Company is planning capital expenditures of approximately $2.3 million at Florida Canyon. Montana Tunnels and Diamond Hill are expected to produce approximately 115,000 ounces of gold combined during 1998. Processing of Diamond Hill ores will be via truck haulage to Montana Tunnels with ongoing ore blending and batch treatment at the Tunnels mill. The majority of Diamond Hill's ore will come out of the North and Glory Hole Zones for 1998.
Zortman Extension Project
The Company has decided that it will not proceed with the Zortman
Extension Project and that it will proceed with the reclamation of the
existing site. Factors contributing to this decision include the IBLA's
inaction on the appeal of the Record of Decision ( which effectively precludes work on the Extension Project ) and the recent recalculation of the ore reserves at $350 per ounce gold which show that the Zortman Extension Project cannot support a $30 to $40 million capital investment necessary to construct the expansion project. The Company feels that at current gold prices the Zortman Extension Project is uneconomic at this time and will not proceed, therefore, a write-down will be recorded in the fourth quarter of 1997.
1998 Exploration Program
The Company is planning a $4.3 million exploration program for 1998. The majority of the exploration spending is planned at Florida Canyon and Diamond Hill, which are targeted to continue to add to the reserve and resource base.
CHAPTER 11 UPDATE
Subsequent to the Company filing for protection under Chapter 11 on
January 16, 1998, a Creditors' Committee has been formed. The committee
consists of nine creditors, of which three represent lenders under the
revolving credit facility, three represent convertible subordinated note
holders and three are trade creditors. The first meeting of creditors ( the ``341'' meeting ) was held in Reno, Nevada on March 9, 1998.
As previously reported, the Company has engaged workout specialists to assist in preparation of a business plan and a plan of reorganization to restructure the Company's obligations. The plan of reorganization will be submitted later this year, but confirmation of a plan and consummation of it may be 9 to 15 months in the future. Pegasus management is committed to reorganizing and emerging from Chapter 11 as an operating Company with the appropriate capital structure in place producing gold from at least two or more mines.

Date: Sat Mar 28 1998 16:20
EB (Just in case news does NOT make it to Cape Breton...) ID#22956:
-
Here are some stats....hmmmmmm...showing you know who in FOURTH place in the ENTIRE league. FOURTH. Let's see where NUX...er...Nix are.....hmmmmm........oh there they are. OUT of the playoffs in TENTH place.....TENTH. Fourth......Tenth. In playoffs....out of playoffs. I like it.
http://www.nba.com/score_stat/standconf.html
Hey Ted! You like apples?

Well...


How do you like dem apples!? HAHAHAHAHAHAHA

...go gold, of course.
away...to my velcro covered sofa
Éß©

hey Salty! {:- )

Date: Sat Mar 28 1998 16:20
Ted (Aurator........................and the menU..............on a GOLDen evening in Cape Breton) ID#330175:
Home-made spagetti sauce ( brewin all day...eh ) and home ( is there a 'theme' here? ) made bread ( Rye-whole wheat-onion bread ) .....ding-ding ( you have a missive ) ....and now ta make a further PIG outta meself~~~~~oink...oink...oink....I want MORE!

Date: Sat Mar 28 1998 16:16
IDT (You may be part of the derivative boom with your margin account) ID#228128:
Copyright © 1998 IDT/Kitco Inc. All rights reserved
Some time ago I posted something to the effect that my margin contract had some statements in it to the effect that securities in my margin account might be loaned to others. Below is the text of a letter that I received from Fidelity Investments. It was sent to me and others apparently as a result of a class action suit. I refers to the customer ( me ) and you refers to Fidelity:

In return for your extension or maintenance of credit in connection with my account, I acknowledge that the securities in my margin account, together will all attendant rights of ownership, may be lent to you or lent out to others. In connection with such loanss, and in connection with securities loans made to me to facilitate short sales, you may receive and retain certain benefits to which I will not be entitled. In certain circumstances, such loans may limit, in whole or in part, my ability to exercise voting rights of the securities lent.

I think this explains why they kept shifting my holdings to my margin account without either my knowledge or consent.

Date: Sat Mar 28 1998 16:07
aurator (tin man wants his heart) ID#255284:
tricky
have a look

http://www.switzerland.isyours.com/FXM/MH/Crime/WWIZOZ.htm

or
ROCKOFF, H., 1990, The Wizard of Oz as a Monetary Allegory ,
in Journal of Political Economy 98 ( August 1990 ) pp 793-60


skipping down the yellowbrick road.

Date: Sat Mar 28 1998 16:05
EJ (tricky: Wiz of Oz allegory) ID#45173:
This is the second time I've seen this here. It's plausible, but so are many untruths. My sister's a script writer in Hollywood--who actually gets movies made, by the way. She teaches at AFI. She'll know the scoop. I'll letcha know.
-EJ

Date: Sat Mar 28 1998 16:02
DA KINE (Date: Sat Mar 28 1998 14:34 HARDCASE (First post) ID#400214:) ID#270227:
Hi Hardcase-First post ..... It was interesting that you pointed out that words mean things :- ) Unfortunately not many understand WHY that is TRUE.
Perhaps if we all understood epistemology then we would understand why what someone says might be a confession of ignorance.....OR NOT !!!!!
Keep on thinkin :- ) ]]]]]

Date: Sat Mar 28 1998 15:55
tricky (wizard of oz) ID#304282:
Copyright © 1998 tricky/Kitco Inc. All rights reserved
I actually learned something today. You all might already know this but I had never heard this before. The Wizard of OZ was a political book to trash the greenback and promote gold and silver. In the book Dorthy's slippers were made of silver. They followed the yellow brick road ( gold ) to the emerald city. The emerald city represents the dollar. The scene where the guy is caught behind the curtain is symbolic for how the dollar is manipulated. The guy ( I can't remember his name ) stands for the robber barrons. When Dorthy first lands in OZ she kills the wicked witch of the east, who represents Wall Street. The good witch of the south represents southerners. Success can be found when Dorthy, who represents the midwest and traditional values, and the good witch of the south team up against the wicked witch of the west, who represents western progressive policies. These progressive policies were pushing for the implementation of the greenback. OZ stands for ounce as in an ounce of gold or silver. The munchins stand for average citizens.

I had never heard this before and thought some of you might be interested

I heard this from a collge history professor. He acted like it was common knowledge. He couldn't believe I hadn't heard of this comparision before.

Date: Sat Mar 28 1998 15:53
crazytimes (a silly fantasy to post on a Saturday at Kitco...........) ID#342376:
Imagine after POG is many hundreds more than it is now and we organise a party somewhere in the world for Kitco posters. Everyone shows up and puts on a tacky name tag on with their Kitco Screen name on it.....I wonder what Farfel looks like?

Date: Sat Mar 28 1998 15:48
TYoung (Confessions ,Prayers and God) ID#317193:
-
SINNER: Bless me father for I may have sinned. My blind investments in the Dow/Nas. grew so much I feel I may have broken your commandment againt stealing. The fruits of these investments were gained without effort or toil. I absolved myself from this situation in the recent past for I saw further investment as reflective of massive greed. Through your intercesion I turned to gold, gold mining shares and gold futures. These were purchased with the paper money gift you bestowed from the Dow/Nas. Amazing that gold coins are traded for paper. I may have sinned once again for these gold investments are once,again,resulting in gain without effort or toil. The gold mining shares have grown this year even more than the highly acclaimed Dow/Nas. Have I sinned once again Lord? Now Lord my reason for this current discussion, I have a problem. As you know I have held back 60% of the paper money gift from the Dow/Nas. and I am concerned about futher investments in golds. I do not wish to sin if I have done so before BUT I intend to invest another 30% in golds within the week. I have been told that all the gold investments may go lower soon but that is not my worry for all are still within a few measly dollars of that paper money of there historic lows. Further, Uncle Sam, as you know, underwrites almost half of any loses. My concern is whether I will sin. Please God send a sign that I may know your will. GOD: My child, look for a sign in cyberspace--IDCIBM--Follow it's path. Sinner: God, thank you, I have found your message. A strange one on Kitco, farfel ( F* ) has used such a sign. It means: I DON'T CARE,I'M BUYING MORE. Should I therefore invest ALL of my funds? In which area GOD: My son you are dense. IDCIBM was screwed up by F*. Not only can he not pronounce his own name, he can't even figure out the message I sent him not once, but twice,in January and in February. IDCIBM really means: IDIOT DONT CEASE INVESTING BEFORE MAY!!!!!!!! Tom

Date: Sat Mar 28 1998 15:40
EJ (sorex: but what does Greenspan actually do? ) ID#45173:
Copyright © 1998 EJ/Kitco Inc. All rights reserved
Excerpts from The Cult of Greenspan, The New Republic, March 30, 1998 ( c )

In 1980 when Ronald Reagan divulged his plan to cut taxes, boost defense spending, and balance the budget, the candidate trotted out Greenspan to quell any accusations of voodoo economics. This is an exercise in reasonable budget making, said Greenspan, the a well-respected economics consult earning a living in the private sector. In 1984, Charles Keating hired Greenspan to examine Lincon Savings and Loan. Greenspan did, and he then urged Congress to grant Lincon and other S&Ls a legal exemption that would allow it to make riskier investments. Keating, he wrote, is seasoned and expert in selecting and making direct investments and has a long and continuous track record of outstanding success in making sound and profitable direct investments. Greenspan's prestigious endorsement helped Keating win over Congress.
One might suppose that his bit parts in the two greatest economic fiascos of the last two decades--the huge deficits of the 1980s and the savings-and-loan debacle--would dull Greenspan's luster at least a little bit. Instead, he faces ever more pleas to oraculate.

...

The elevation of Greenspan has occurred during an historical moment when the Federal Reserve doesn't have a particularly clear understanding of its job. This is because the guideposts that traditionally steer monitary policy no longer hold much validity. The Fed used to pay a lot of attention to the money supply. The idea was to allow the money supply to grow at a slow but constant rate--fast growth would mean inflation, too slow growth might mean recession. But, because of new financial instruments like money-market accounts and ATM cards, the Fed has a hard time calculating the money supply. You can't base your decisions on the money supply if you don't know what the money supply is.
The Fed used to also follow the unemployment rate. Many economists belived that if the unemployment rate fell below about six and a half percent, inflation would rise. So, if unemployment fell below this point, the Fed would get ready to raise interest rates and slow things down before inflation broke out. But that notion, too, has fallen by the wayside. Unemployment is now below five percent, and inflation is dropping, not rising. The Federal Reserve used to be very confident of how to manage the economy. Now, nobody is.
The point of this is that the Federal Reserve--or at least its chairman--is now more inclined to let the economy run its course and see what happens. Think of Greenspan as a basketball coach: he doesn't strictly choreograph his team's every move; instead, he lets his players play. Since 1995, he has made just one tiny change in interest rates, and that came in March 1997. Essentially, he has done nothing. The strategy seems to work, and of course Greenspan deserves some credit--doing something might have messed up the economy. Nevertheless, it is true that we would have had the exact same monetary policies over the past year if, instead of Greenspan, the Fed had been run by a turkey sandwich.

Date: Sat Mar 28 1998 15:31
aurator () ID#255284:
Ray
Sorry to read about your explosive upside potential.

windy

Date: Sat Mar 28 1998 15:25
aurator (shark repellant: On. Thick skin: Check. Sense of Humour: Check. Paranoia: Extreme.) ID#255284:
Hardcase
Greetings, welcome to the circus. Which service were you watching?:

I was watching Dec 98 gold and it drooped $10.20 suddenly and stayed that way for about 2 min. before going back up.

Most kind of you to throw in your psychological profiles, did you learn that from a cereal box or do you get paid for it?

a paranoid in paradise

Date: Sat Mar 28 1998 15:24
vronsky (RANDGOLD - SOUTH AFRICAN MINING REPORT) ID#426220:

OURO: Mr. Polarbear's and John Disney's brilliant and very timely report hit the nail on the head - and is right on the money with their stock picks. Personally, I would agree with their selections.

Another person with first hand knowledge of best South African mining companies with explosive upside potential is Ray DeMoss - who posts frequently at this august body.

Date: Sat Mar 28 1998 15:24
jonesy (@ HARDCASE) ID#251166:
Welcome to Kitco. I've been here only a short time myself. What was said by one poster to another new poster I say to you with all humility and respect: Be prepared to get trashed.

Looking forward to your forthcoming posts. dj

Date: Sat Mar 28 1998 15:23
Ted (EB...................I luv---------------............) ID#330175:
Stanford......*go gold* continues ta be the theme~~~~back to recliner..

Date: Sat Mar 28 1998 15:20
crazytimes (@ Ersel ) ID#342376:
If your having trouble getting the article on golden eagle by Vronsky, click on no frames. At that parallel site, I was able to get the article.

Date: Sat Mar 28 1998 15:20
sorex (All: MS´s plead) ID#27499:
Copyright © 1998 sorex/Kitco Inc. All rights reserved
US: Dear Alan,

Stephen Roach ( New York )

Let me dispense quickly with the platitudes. You've done a truly masterful job as Fed Chairman over the past decade. I have great admiration for your skill, courage, and good luck. But in these ever fickle financial markets there's little opportunity to rest on your laurels. Believe me, I know that all too well, myself, these days. And knowing you, you're undoubtedly beginning to ponder your next move.



There's no substitute for skill at moments like these. As a former Fed stafffer, it shouldn't surprise you that I use the same standard macro model that you and your colleagues use to assess cyclical risk. And the conclusion seems crystal clear these days: A fully-employed and rapidly growing US economy is now flashing the classic early warning signs of mounting labor cost pressures that often presage a late-cycle pickup in inflation. As I see it, with the labor market as tight as it's been in a generation, wage inflation is clearly on the rise; moreover, with cost-shifting drawing to an end and HMO premiums on the rise, the days of medical benefits disinflation are also over.



You have waxed eloquently about the potential for such an upturn in worker compensation to be offset by the miracles of a new productivity renaissance. But are you really prepared to make a major policy bet based on this? Yes, the productivity news has been excellent over the past couple of years -- 2% average gains in 1996-97. But you know that two years don't make a trend in the great productivity saga, especially if they follow smack on the heels of the three years of near stagnation that prevailed over the 1993-95 interval. I know how you feel about productivity measurement biases -- although I haven't heard you complain too much about it when the numbers have broken your way recently -- but the evidence in hand shows quite clearly that the average productivity gains of the past five years ( +0.8% ) are just as crummy as the subpar trend of the 1980s ( +1.0% ) .



And Alan, have you ever seen a fully-employed US economy experience a spontaneous resurgence of productivity? After all, the most experienced, most qualified, and hardest-working workers are all probably on the job right now. Marginal entrants to the job pool are typically less productive in a late-cycle, fully-employed economy. Finally, take a look at the 1Q98 productivity arithmetic -- a surge in hours worked ( 5%-plus ) is far outstripping the likely GDP gain ( 3.5% ) , suggesting that productivity is actually declining in early 1998. In short, with the wage cycle having turned, with benefits inflation coming back, and with productivity unlikely to temper these trends, there's nothing but upside to unit labor costs over the 1998-99 period.



Maybe Lady Luck offers a way out. After all, she has also been solidly in your camp over the past several years. Yes, you could get bailed out by a slowdown in the economy; indeed, that's the bet that you and your colleagues seem to be making again, given the 2.4% real GDP forecast for 1998 that you unveiled to the Congress only a month ago. But Alan, let's face it, you've been in the slowdown camp for three years in a row, and it hasn't worked at all. And I think you're going to be very disappointed again. Of course, Asia will hurt, but the foreign trade haircut may well be coming off a much stronger baseline case than you ever envisioned. In case you haven't checked, the US economy is white hot right now -- especially those interest-rate-sensitive sectors of housing, consumer durables, and capital spending.



OK, there's always a different strain of luck that might come into play. Might the dollar keep surging? Maybe, but have you looked at our current account deficit recently, and pondered where it's headed? Another energy price implosion is always possible, but world oil producers now seem to have caught on to that one too. The recent action in commodity prices suggests you won't find much relief up that avenue as well. In short, with your macro tools giving you a classic cyclical warning sign, is this really the time to lean on luck?



Don't get me wrong -- I am not suggesting that you pull the trigger and raise interest rates on March 31. But maybe a warning shot is in order. Fearful of Asia, you understandably abandoned your long-standing asymmetrical policy bias last December. Isn't it time to admit that you're now leaning more toward a tightening than an easing? I realize it's a token gesture in many respects, but they tell me the credibility game is as important as ever in Washington these days. I think the recent steepening of the yield curve is saying the same thing.



Give my best to the gang at next Tuesday's FOMC meeting.



Respectfully yours

http://www.ms.com/GEF/index.html



What do Moody´s and MS tell their best clients?

JM

Date: Sat Mar 28 1998 15:11
vronsky (DIVIDEND YIELDS OF RANGY & DROOY) ID#426220:

Rob: At the present time I believe RANGY does NOT pay any dividend - please recall it recently went through significant restructuring to
absorb a number of other gold producing mines.

And per Jim Blanchard's Nov 1997 Gold Newsletter ( p.10 ) , DROOY'S dividend
yield was 5%.

Date: Sat Mar 28 1998 14:41
sorex (Moody´s on the acceleration of M3, private sector debt...) ID#27499:
http://www.moodys.com/economic/ecoindex.htm

JM

Date: Sat Mar 28 1998 14:41
Rob (RANGY) ID#410114:
Mr. Voronsky

what does rangy yeild?

Date: Sat Mar 28 1998 14:34
HARDCASE (First post) ID#400214:
-
I have been stalking this site for about a month. Would have posted sooner but Bart claimed my mouth was too dangerous to be let free without a cooling down period. So finally on the 27th I get to let loose.


ALL

***** It doesn't do any good to reason with someone who doesn't care what the definition of a word is. Examples are politicians, nerds, and way to often, women.




***** Since his name is definitely unpronounceable right now, I'll just have to take a stab at it. What is this with people deliberately choosing names that can't be pronounced

fart*full @ Date: Fri Mar 27 1998 13:38

In my experience, technicians practice a covert form of voodoo.

***** In your case what is the difference?
That your mantras are not covert?


jonesy @ Date: Fri Mar 27 1998 13:04

Could this Y2K bug be the very worthy opponent against whom
( or which ) we enter into war?

***** ANYTHING WHICH TRIES TO KILL YOU IS YOUR ENEMY AND WORTHY OF A WAR!



TYoung @ Date: Fri Mar 27 1998 13:37

Do the posts here get any nicer if gold goes to 350-400 US$?
I hope spear catching is not a way of life.

***** Spear catching is not a way of life. It is a way to die.
People who want live, dodge them.
Having spears thrown at you is life.



clone @ Date: Fri Mar 27 1998 12:16

DAMN THOSE LIBERAL BASTARDS!

***** Might I point out that Conservatives being afraid of being called WORDS ( like mean, cruel, etc. ) is what let things get like this. A man called Abe, who wore a top hat while freeing slaves once said To sin by silence, when they should protest, makes cowards of men. Protesting is not standing on the street corner screaming curse words.




Spud Master @ Date: Fri Mar 27 1998 12:48

Maybe we should try some Conservative ideas... you know,
the old ones we dissed and pee'd on

***** I got a better idea. Why don't we try finding out what works instead of pushing what is ideologically pleasing. I find great faults with both sides and very few solutions.




EJ @ Date: Fri Mar 27 1998 01:13

Hope for resolution, cooperation, progress, fairness, compassion, and strength. In the best of all worlds, there comes a series of crises as the debt unwinds, and we muddle through. Hope for that.

***** How sweet. Anyone want to take bets?



aurator @ Date: Thu Mar 26 1998 15:35

Vocabulary is the only possession that continues to increase throughout one's life. When first I read of that, I vowed to learn as many words as I could, hence I became aurator

***** From what I have heard from you after Spud hit on you, it made you afraid of them too! Your feelings were hurt, You been up crying all nite, nobody loves you anymore. Give me a break! What ever happened to Sticks and Stones can break my Bones, but WORDS will never hurt me.


aurator @ Date: Fri Mar 27 1998 00:20

I am astonished that some people here have thought I am a liberal.

I just cannot understand such vituperation and hatred in your posts.

Perhaps it is because sometimes in the rush to publish I do not express
myself as clearly as I would wish.

***** Let me clarify for you. When bad things happen some people want to feel the pain, others want to break things. Those who like to feel the pain should keep quiet or they will get more than they want. As far as the name calling goes, they just wanted to call you the worst thing in their world so they wouldn't feel bad while they hurt you. Another group would have called you a commie or a conservative and been just as mean. You express yourself fine. Your problem was that you picked a bad subject on the wrong day and then made the stupid mistake of defending and analyzing your statements. NEVER go swimming when the sharks are in a feeding frenzy.



clone @ Date: Thu Mar 26 1998 16:48

What is the difference between a liberal and a conservative? By the
looks of things on this forum, absolutely nothing! Just ignorance and
unqualified accusations.

***** Not ignorance, just opinions without the desire to understand.
Ignorance is when you don't know. The problem is that they
don't want to know.




Myrmidon @ Date: Fri Mar 27 1998 22:47

I have a different view: I hope that they don't move in sync. Then I can sell those who have moved, take the profits and the principal and buy the ones which have not performed yet. What a good way to maximize profits by rotating from the fast movers to the slow ones!!!

***** Right on!! IMO Your trading style is really your MONEY MANAGEMENT STYLE.



***** The following is just to show I have a sense of humor.

Silverbaron @ Date: Fri Mar 27 1998 21:12

I am at your mercy if you have an engineer joke.....

****** Gotcha... especially if you are a civil engineer...


Three engineers ( mechanical, electrical and civil ) were discussing what the best type of engineer was.

The mechanical engineer said, Well, God must have been a mechanical engineer. Surely if you look at the human body, what with all the joints and pounding the body takes, it's clear he was a mechanical engineer.

The electrical engineer speaks up, but if you look at the nervous system, with all its intricacies, one must admit that God had to be an electrical engineer.

The civil engineer finally speaks, God must have been a civil engineer, who else would have run a water and sewer system right through the middle of a recreation area?


Clinton@WhiteHouse.brothel

***** Sir John Harington probably described the situation at the White House best when he said:

Treason doth never prosper, for if it prosper, non dare call it treason!

( pardons asked for any misspellings )


==========================================================

Enough of this ideological and humor crap, let's put the pedal to the metal. ( USA automotive slang = Go Gold ) That's why we are here isn't it?


On the 27th at about 8:31 am. there was a strange thing happened at Comex. I was watching Dec 98 gold and it drooped $10.20 suddenly and stayed that way for about 2 min. before going back up. What was that. Did a floor trader try to trigger some computer programs so they would sell? If so, is that legal?


**** Question: Is the following going give us an opportunity to make some money while the big traders are confused? It will happen all at once, you know.


RLM @ Date: Fri Mar 27 1998 07:42

WORRIED ABOUT Y2K? NOW THERE'S D10K



****** My motto: Happiness through Paranoia.




Date: Sat Mar 28 1998 14:21
EB (whoops) ID#22956:
grammar and such were never a favorite of mine. Whatever... ( longing for the couch ) ...... ( running downstairs ) ........ ( surround sound blasted with Johhny Miller in both ears ) ........ ( life is whole ) .... ( and good ) . Yes ( ! ) .

away...

Éߣ£©

go gold.

Date: Sat Mar 28 1998 14:18
Ersel (@vronsk...Would U please) ID#228283:

fix your Global Globe Comp. Anal. on golden-eagle ? It keeps telling me that it is not found. Pleeeeeeeeeeeeeze? GO RANGY !! GO GOLD!!!

Date: Sat Mar 28 1998 14:18
Delphi (@SDRer__A, JTF - EMU) ID#258129:
Copyright © 1998 Delphi/Kitco Inc. All rights reserved
I re-read our yesterday messages about EMU. I think that ECB will use monetary targeting and not direct inflation targeting. There will be some significant differences in EMU zone. Some of them are:
- state budget in every country is in hands of national parliament
- different tax systems
- average and minimum salary differences per country
- differences in national social security systems
That will cause different inflation figures per country - member EMU. ECB will not be able to influence directly items above. Their future tools - interest rates, money supply and possible interventions to support EURO.

Date: Sat Mar 28 1998 14:15
EB (non pm related.....a must skip post...sorry Bart....final-four, uh huh.) ID#22956:
-
Stanford CANNOT and WILLNOT and SHOULDNOT and DAMNTHEMINHELLIFTHEYDO win this game. I LOATH Stanford..... ( go CAL! ) ....long live The Play.

Kentucky had better DE-Molish Stanford!! AAAAAAArgh!!

and GO FREDDY!!!! Poor John Daly, he is looking quite portly since he quit the booze. What a clutch golfer though, with a Major or two behind him. He can win it. Golf and College b-ball. Who was it that, earlier today, that you work all week so you can sit yer ass on the couch and drink beer and watch sporting events. My hat off to ya! Your great sagacity has led me to my couch to slurp cold ones and ponder your post. Damn! you're good!

away...to act like a potato ( e )

ÉßßÄ££in©

Date: Sat Mar 28 1998 14:07
Goldhawk (Studio R) ID#433283:
Maybe it was the hot dogs rather than the corn dogs

Date: Sat Mar 28 1998 14:05
Poorboys (My cat says so ---Go Gold Go --but not for the same reasons) ID#224149:
Can a Ewe talk to a Ewe? Everything is possible at Kitco .

Date: Sat Mar 28 1998 13:53
SDRer__A (Carl--your missive to Grant) ID#28593:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
Great! I am also sending FYI queries, of which more later.
I'm going to focus on the political risk insurance [which
covers CURRENCY TRANSLATIONS--to name one covered 'risk'--and thus a potential BLACK-HOLE for the tax-payers of the world. Although this pulls me away from the body of work-in-progress, the significance of MIGA is such that it can be ignored only at great risk. Thank you so very much Carl, for your very real contribution.

Would appreciate, from both you and Donald, your thoughts on the feasibility/advisability of directing the Islamic Mints attention to the WB/MIGA Guarantee of Turkish Foreign Investment, which seems a probable quid pro quo for the Turkish governments quite recent clamp-down on the dinar project, which--after all--has been-a-work-in-progress since 1992.
One asks, Why now?

Date: Sat Mar 28 1998 13:53
Poorboys (My Belly IS full .) ID#224149:
Earl –What happened at RYO was a disgrace to all Canadians .We as investors have a choice in what we consider sagacious and guilefully correct or legitimate . Every individual can make a difference in the new age that approaches. Human rights should be first on the list.

Date: Sat Mar 28 1998 13:51
STUDIO.R (@Goldhawk....I ain't had no lovin' since.....) ID#288369:
the Jayhawks squawked and died......I heard they stayed up all night here in OKC and ate too many corn dogs....Roy! Calling Roy!!!

Date: Sat Mar 28 1998 13:41
Ted (EB--------------you OLD 'sandbagger'-YOU.........* go gold& ABX(arf arf arf)) ID#330175:
them charts I been workin ( huh... ) on ain't done yet but am in the home-strech and only a 'disaster' can stop moi now~~~~~~lakers suk...especially Shaq ( duh.. )

Date: Sat Mar 28 1998 13:40
OURO__A (VRONSKY) ID#237149:
Which african gold stocks do you recommend?

Date: Sat Mar 28 1998 13:37
STUDIO.R (@SDRer.....datz a print.....) ID#288369:
Ur wa 2 muchz...kool...I like Uro-Inglez.

Date: Sat Mar 28 1998 13:36
Ted (Studio.R..............Why I'd thought(duh) you'd fallen-off the face of the damn---) ID#330175:
earth....you too Earl!!...why do 'you-people' do 'this'...I just don't 'get-it ( ( ( I must be stoopid,huh ) ) ) ...' look at mother nature on the run in the 20th century'...Go Crude!!!...I'm psyched for the final-four ( natchos& salsa---time ta be a pig ( but a PIG that wants ( needs? ) GOLD to go UP~~~~~~~~~~~~'all in a dream'...

Date: Sat Mar 28 1998 13:36
EB (Go UTES! Go Captain!) ID#22956:
YES Teddo. Let us agree to agree on that one. I'll be sucking on some smoooth Don Thomás fatties ésta noche. And the Captain will be riding alongside.......thanks to 17, 29, 15 black, and of course 00green. Can't miss with the system. ohmy...

away...to shore up the house....we're floating again.

Éßsandbaggedtothehilt©

go abx.

Date: Sat Mar 28 1998 13:31
Goldhawk (Studoo R. This Goldhawk one sad Jayhawk Go Gold IDCIBM) ID#433283:
Yes F* Yes!!!

Date: Sat Mar 28 1998 13:28
Gianni (Beta Theory and NA Golds) ID#384350:
-
When I was at University, I took a senior level investing course. The Beta theory was introduced to us. The theory entails that certain stocks are more volatile than others and that by diversifying between 5 to 7 different shares you could eliminate much of the risk of an individual stock.

The idea that one can offset some of the risk of one's portfolio by throwing in a gold share was given as an example.

Because most Americans don't look beyond their shores for investment opportunities, most would throw into a portfolio something like Echo Bay Mines without really getting a feel for how much value it really offered.

Date: Sat Mar 28 1998 13:27
SDRer__A (SDRer E-Mail from Bonn, DE) ID#28593:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
English wins over German... kinda

The European Union Commissioners have announced that an agreement
has been reached to adopt ENGLISH as the preferred language for
European communications, rather than GERMAN, which was the other
possibility.
As part of the negotiations, the British government conceded that
English spelling had some room for improvement and has accepted a five -year phased plan for what will be known as Euro- English ( Euro for short ) .

In the first year, s will be used instead of the soft c. Sertainly,
sivil servants will receive this news with joy. Also the hard c will be replaced with k Not only will this klear up konfusion ,but typewriters kan have one less letter. There will be growing publik enthusiasm in the sekond year,when the troublesome ph 'will be replaced by f . This will make words like fotograf
20 persent shorter.

In the third year, publik akseptanse of the new spelling kan be expekted
to reach the stage where more komplikated shanges are possible.
Government will enkorage the removal of double letters, which have
always ben a deterent to akurate speling . Also al wil agre that the horible mes of silent e s in the languag is disgrasful ,and they would go.

By the fourth year , peopl wil be reseptiv to steps such as replasing
th by z and w by v .

During ze fifz year, ze unesesary o kan be dropd from vords
kontaining ou , and similar changes vud of kors be aplid to ozer kombinations of leters.

After Zis fifz yer,ve vil hav a reli sensibl riten styl. Zer vil be no
mor trubls or difiikultis und evrivun vil find it ezi tu understand ech
ozer. Ze drem vil finali kum tru. !!!!
Ve vil al haf to relern schpeling.
Bt Ve r zur yu vil lik dis.


Date: Sat Mar 28 1998 13:23
STUDIO.R (@Earl with his Pearl......) ID#288369:
Copyright © 1998 STUDIO.R/Kitco Inc. All rights reserved
Was that really you at 12:04? Retirement ( Kitco ) wasn't what it was cracked up to be? Glad to hear you back...long time no read...now make somebody think, man. Go Gold ( up ) ! Hope all is swell...Ca. is where the birdies roost. Wow!

Ted...go to Ernie's Deli at Scaterie and Berg and pick up the rest of the goods for the Finest Four ( sans Kansas, boo! ) Send me some money please....

EB....longing the crude...may it bless you ( and me ) . Want an oil well? ( notice I didn't say gusher...all mine be gushed out ) . Thanks, my man....Wink Museum...stuffed Camdessus....birdie tour guides ( in-terns ) . Back to the green room..ohmy! ( copyright EB, 1997 )

T#1...Go Kentucky!!! Do you feel tucky? Let's move to Del Mar...home of the Tequila Downs.....giddy up and glug! Yo!

Date: Sat Mar 28 1998 13:18
sam (important off topic) ID#286279:
Please all Kitcoites with guns, please keep them in a REAL gun safe, something children and the average burglar can not break into.

Date: Sat Mar 28 1998 13:10
robnoel__A (tolerant1....funny you should say that...thats is were i'am off to,Ihave one foor you,by the way I'a) ID#411112:

in Arizona...modern technoligy..

Date: Sat Mar 28 1998 13:06
sam (children) ID#286279:
-
Congo boy soldier to be executed
for murder
Another tragedy of the same kind. From whatever culture a 13 year old is probably more child and less adult. Children should not be soldiers.

````````````````````````````````````````````````````````````````

Copyright © 1998 Nando.net
Copyright © 1998 Reuters News Service

KINSHASA ( March 28, 1998 12:25 p.m. EST http://www.nando.net )
- A military tribunal speedily condemned to death a
13-year-old Congo boy soldier who shot and killed a local
Red Cross volunteer in Kinshasa on Saturday after a
dispute over a soccer field.

Date: Sat Mar 28 1998 13:05
Gianni (Mr Disney, my mistake) ID#384350:
You are right. I did confuse RSA with Zimbabwe. Tolerant1's 09:24 post is what I was thinking about. I will try to be more careful in the future.

Date: Sat Mar 28 1998 13:00
tolerant1 (robnoel_A - LET ME MAKE ONE THING PERFECTLY CLEAR PAL) ID#31868:
I am quite sure that a couple of beers and a few shots of tequila would find us better able to have this conversation.

Nuff said. Gulp, to ya, and a further gulp, until we can toast a beer in person.

Date: Sat Mar 28 1998 12:59
Ted (EB.............................from PinacoladaVILLE) ID#330175:
go Utes....go Cardinals.....*go gold*....

Date: Sat Mar 28 1998 12:51
EB (my man Jake...and a welcome back salute.) ID#22956:
-
and his commentary.....fwiw.
http://www.trade-futures.com/reports.html
might I suggest you read his story regarding the next oil-bull. This ones for you StudioR.....welcome back dude. Glad you had some fun. The week before was beaUtiful weather. It's ALL timing, EH? Now, let us time this oil thingy......DAMMIT!~ )
Go CRUDE! I called for a key reversal the other night......well, because I was feeling groovy and I really think there exists a great deal of oil ( presently ) . Regardless, I am going long Monday.....a nice bull spread or a couple longer term calls ( eh Cherokee? ) . Some lottery tickets, if you will. Yeah, that's it!! Go crude!! Go gold!! Go rain.......
AWAY!!!!!!!~~~~~~ ( dammit )
Éßsoakingwetandmadashell

p.s. I am looking at Rangy and Drooy and polarbear is steering the ship for me....thanx bear. poorboys might have a NA suggestion or two? An Aussie bird once told me to do research on Lihir......hmmmmmmmmm, what to do? I like the couple-o-buck-a-share mines with historical explosive potential that won't go belly-up if this bear thingy continues for some time. JohnD has made some pretty convincing arguments in favor of his SA's ........GO SA GOLD! Now, what of ECO Any expert ECOers out there?

thankz for the good charts Panda...always appreciated, uh huh.

I may be a dummy but I went short the buck yesterday.......what the hell, it's only cold hard cash....... ( yum-yum ) ...large pennant/sideway/consolidation ( of sorts ) patterns forming in major currencies.....w/w for the big BUST....which way ( ? ) .

hey wasTED! Save some Rum for me....I'll be right over....after I clean the kitchen and vacuum the house... ( ugh ) ... ( puff-puff ) ..... ( aaaaaaahhh ) ...

Date: Sat Mar 28 1998 12:42
Ted (Tolerant1..............................@ some point you should have somethin(who knows with my ISP)) ID#330175:
*go gold*.......um......gettin wasTED in Pina Coladaville and enjoying a beautiful day ( just hit 50!!--freakin heat wave...eh.. ) on the 'North Atlantic----Distant ( 12 miles ) lighthouse @ Scaterie Island ( 12 miles ) is clear as a bell,huh ) ....gotta change the musac disc ( hold on ) ...um...ahhhh...we have musac ( 'waiting for summer.. his pastures to change'...'Rock-a-Bye sweet baby James'...Go ABX ( you dog ( arf arf arf ) --soar you bastard!!---I want more $$$!!!...

Date: Sat Mar 28 1998 12:37
fundaMETAList (MoReGoLd: Y2K Did you read this one?) ID#341214:
MoReGoLd: Did you see the article at the url posted below:

http://guide-p.infoseek.com/Content?arn=ix.NBYT34898&col=IX

On the surface he seems to present a fairly balanced picture but I could spend all day identfying the many holes in his arguements. I think this was written by a PHM ( pointy haired manager ) , not someone in the coding trenches.

Date: Sat Mar 28 1998 12:31
crazytimes (@ALL) ID#342376:
Can anyone comment on Golden Star Resources? I bought this stock based on a recommendation of Frank Veneroso. Symbol GSR on Amex. They have a large stake in the Guyana Shield. None of my newsletters follow the company so Im not sure if I want to keep it.

Date: Sat Mar 28 1998 12:25
robnoel__A (tolerant1...This is where I stand..Western Culture is the model for a civerlized) ID#411112:
people to follow,basic respect for others..inforced by the rule of law...rules that have to followed in order to function in a civilized society....these rules are not tough in fact there are only 10.......same as the Bill of Rights....it comes down to FREEDOM.......and if my defence of that is to be labeled,a raciest,homafob,bigot,anti-semetic,anti-black ANTI COMMIE so be it ,if not me who,if not now when....

Date: Sat Mar 28 1998 12:24
robnoel__A (tolerant1...This is where I stand..Western Culture is the model for a civerlized) ID#411112:
people to follow,basic respect for others..inforced by the rule of law...rules that have to followed in order to function in a civilized society....these rules are not tough in fact there are only 10.......same as the Bill of Rights....it comes down to FREEDOM.......and if my defence of that is to be labeled,a raciest,homafob,bigot,anti-semetic,anti-black ANTI COMMIE so be it ,if not me who,if not now when....

Date: Sat Mar 28 1998 12:17
Prometheus (@hey, fiveliter) ID#210235:
I missed the link you just sent, and appreciate you posting it.

Date: Sat Mar 28 1998 12:06
fiveliter (Doh! (H. Simpson)) ID#341312:
Copyright © 1998 fiveliter/Kitco Inc. All rights reserved
Thanks, Robnoel but see Tolerant1's latest post. Oh well, like they say about reruns: If you haven't seen it, its new to you! I'd also like to say I neither approve nor disapprove of any of the content on that link, the site in question, this site, any other site on the WWW, any book, peroidical, newsletter, magazine, posting, in either electronic or paper form, located online or offline, regardless of the county, state or country in which it may or may not be located, now or at any time in the future or past. I am not affiliated with Major League Baseball or any of its constituent parties. Some rights may or may not be reserved. ;- )

Date: Sat Mar 28 1998 12:04
Earl (Shame indeed.) ID#227238:
Poorboys ( Shame ) : The body count in SA is probably less than the union inspired, iatrogenic, explosion at an RYO mine, in Canada, a few short years ago. ....... Lest we forget that civilized behavior is but a thin veneer over universal savagery. ..... and high principles are always the exclusive province of those with a full belly.

Date: Sat Mar 28 1998 12:00
tolerant1 (robnoel_A - so essentially you are saying that color as a) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
description is validated by the fact that blacks utilize this type of language to indicate an individual, that is black, that has comitted a savage act.

Hmmmmmmm, I think, no, I am certain you see my point in the previous post and in this one as well. You do not hear of people saying that white savage this, that white savage that.

My point, and I am the one that posted that I emphatically believe that politically correct should be changed to patronizing c___ksucker.

Mark my words, when things start to fall apart, racial tensions will wreak havoc on the global populace, it will be misguided and serve only those who seek to divide and conquer and will benefit from unjust bloodshed.

I point to the Asian crisis that will spill over and engulf the globe.

Rise above that and do not rationalize when those days arrive and they will surely, as sure as you sit at your computer and me at mine.

Date: Sat Mar 28 1998 11:43
tolerant1 (fivelitre - very familiar with your post, in fact I put the same info up several weeks) ID#31868:
ago. What is even worse is that the vast majority of our elected officials voted on these bills and had not read them through completely. If they had, I would imagine that it would put their oath of office as meaningless, and make them traitors at the least,or idiots, most likely, both.

Date: Sat Mar 28 1998 11:42
chas (Bart re advertising) ID#342282:
Among other things I hunt for and trade in gold dust and nuggets. When as and if i locate any extra, what's the rule on posting? I can't give them away, but I'm going to have a problem because the natural stuff goes for a premium over spot. Thanx for your consideration, Charlie

Date: Sat Mar 28 1998 11:41
robnoel__A (tolerant1..if one were to have lived in Africa the term black savage is also used by responsible ) ID#411112:
blacks there,these attacks on whites are some of the most barbaric.....any one who pulls a family out of there car rapes the women in front of her husband and children and then just blows them away...I think I was restrained in just refering to them as black savages

Date: Sat Mar 28 1998 11:35
chas (Wetgold) ID#342282:
I'm still waiting for info re your question. I think weather has interfered. Will let you know when I do. Thanx

Date: Sat Mar 28 1998 11:32
robnoel__A (My second best post of thw week goes to fiveliter..put the two together) ID#411112:

No.1 and No.2 we have the problem now for the solution...........where is that long rifle

Date: Sat Mar 28 1998 11:27
tolerant1 (robnoel_A - Hmmmmm - lest we forget - some black savage as you ) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
put it. First, the Coward Erect is in Africa to hype an agenda, part of which is to pander to the black vote and yes, all other voters who do still provide the Coward Erect with some semblance of respect or however they view the regard in which they hold him.

Now onto a matter for which I must take you to task. Your “some black savage” comment must be addressed. I know nothing of the specific incident, which incited your comment. However, I can say the following given your commentary. And say it with conviction to the fullest extent of my will and being.

To attack an entire race of people due to this appalling act would be, you live in Colorado correct?, to indict all whites who live in said state as child molesters and murderers based on the J. Ramsey case. Quite certainly a savage and cowardly act to say the least.

I would suggest that there are many fine people of all races. Having traveled around the planet, it’s oceans and skies I have concluded that each and every individual must be judged on their own specific actions. Therefore I am sure you must agree that it is less than fair, by any stretch of the imagination to hold guilty all blacks and relegate them to all being savages.

To be fair you did merely explicate the particular offender as a savage and a black savage at that. Make no uncertain reading of my reason for writing this to you, it is based specifically on the emphasis I felt in the tone of your post.

What better to illustrate my point than to type the two words President Clinton, and then ask if he is a worthy example by which all white males in the United States should be judged?

The future holds much that will test the resolve of the global populace, I simply ask that you not let skin color blind you to the worth of the individual inside. We will have much to respond to in the future, lets not add being unable to see in the dark days ahead. It will help make an already difficult road impassable.

And now a joke from one of my dearest friends in life, who is a milk-dud with teeth, that’s a black person for all you whinnies out there who don’t get it.

How do you know your black, you look up your family tree and get hit in the head with a banana.









Date: Sat Mar 28 1998 11:22
Poorboys (Shame) ID#224149:
How do you sleep at night? South Africa.................6.9% and how many dead bodies ?

Date: Sat Mar 28 1998 11:20
chas (Carl your 10:08) ID#342282:
Very incisive and to the point. I hope you get a considerate answer. This will be a great contribution to the forum, thanx

Date: Sat Mar 28 1998 11:18
fiveliter (Tolerant1-take a look!) ID#341312:
http://www.zolatimes.com/V2.9/amerika.html As you might say: hmmmmmmmmmmmmmmmmmmmm.

Date: Sat Mar 28 1998 11:10
robnoel__A (My vote for best post of the week goes to Shadowvista..urge all to take a look) ID#411112:

http://home.att.net/~mwhodges

Date: Sat Mar 28 1998 11:02
vronsky (HISTORIC DIDVIDEND YIELDS OF GOLD STOCKS (Caviar or Big-Macs?)) ID#426220:
Copyright © 1998 vronsky/Kitco Inc. All rights reserved

The following information came from the 1995 report of a prestigious international financial research group.

While few investors buy gold stocks for the dividend yield, it is indeed nice to receive cash dividends during the year. The dividend yields indicated below are the averages of the principal gold mining companies of each geographical sector ( North- America, Australia and South Africa ) .


Dividend Yields --

North- America............1.0%
Australia.......................2.1%
South Africa.................6.9%


While investors patiently wait for the gold bull to reassert itself, does it not make eminently more common-sense to be earning 6.9% on your money rather than 1.0% or 2.1%?! On a $100,000 investment it obviously means $6,900 in your pocket from South African gold stock versus a paltry $1,000 from the North-American positions. That's $18.90 daily ( the equivalent of a good lunch in a decent restaurant ) , versus $2.70 ( the cost of a Big-Mac hamburger ) . Perhaps, what could have been dividend monies from North-American companies are really going to finance the luxury lunches of their top-management - while you munch away on your Big-Mac hamburger, perched precariously on a counter-stool in some rinky-dink McDonalds.

1998's big play will be in South African Gold Stocks.

Date: Sat Mar 28 1998 10:59
STUDIO.R (and more California slobbering (I'll have one more just like the other twelve)......) ID#288369:
Dear Ted,

Would you happen to know the cost of rehab? And the cure for co-dependency of Kitco...Huh?

Your pal, studio.rum

Date: Sat Mar 28 1998 10:53
Poorboys (The Truth Hurts) ID#224149:
Copyright © 1998 Poorboys/Kitco Inc. All rights reserved
South Africa -The Government generally respected the human rights of its citizens, and the laws and newly independent judiciary provided an effective means of dealing with instances of individual abuses. However, problems remain in several areas. Some members of the security forces committed human rights abuses, including torture, excessive use of force during arrest, and other physical abuse. Deaths in police custody and as a result of excessive force remained problems. The Government has taken action to investigate and punish some of those involved. In April the Government established an Independent Complaints Directorate to investigate deaths in police custody and deaths as a result of police action. Prisons are seriously overcrowded. The judiciary is overburdened, and lengthy delays in trials are a problem. Discrimination against women and the disabled continued. Violence against women and children remained a serious problem. There were hundreds of political and extrajudicial killings, and political violence remained at about the same level as in the previous year, both in KwaZulu/Natal and countrywide. Vigilante action and mob justice remained a problem.
http://www.state.gov/www/global/human_rights/1997_hrp_report/97hrp_report_africa.html

Date: Sat Mar 28 1998 10:40
PH in LA (Kitco Tech Questions) ID#225408:
Bart: Questions for the Webmaster ( or anyone else )

Does anyone know how to post here without revealing your moniker? Several times I have noticed posts that begin with the Subject ( in parenthasis ) without any poster ID. An ID number, is, however assigned.

Speaking of ID numbers: Are they assigned consecutively? And numerically? And/or how?

Date: Sat Mar 28 1998 10:37
STUDIO.R (@L.A. Confidential....Strad lives right down the hill ......................) ID#288369:
Copyright © 1998 STUDIO.R/Kitco Inc. All rights reserved
from the HOLLYWOOD sign...mighty coooool. Great pad, crazy kids, beautiful doctor-wife and darlin' baby girl. Kids bang the grand and pirouette on the old wooden floor...Great music lives here in this ol' Hollywood House. Actually held the Strad....ohmy! Thanks to Strad and his loving troope....YES!

But just give me I-5 at four thirty in a torrential deluge somewhere north of Anaheim...and it's back to the pasture for studio....some feeling of too soon...but livin's fine on the Great Plain.

How 'bout San Diego and environs? Gotta' be the greatest American city....probably the best climate in the world. Like my ol' partner used to say... The air is celubrious ( sp ) ! copyright Bill L. Bledsoe, 1987.

Aurator....nice punch line! What was that? Huh? EB, next time...So. Cal. ( where it never rains...no, it pours like hell ) weather permitting. And as always, Go Goldbugs!...310 next...yes...and then 325....350....ohmy.

Date: Sat Mar 28 1998 10:21
robnoel__A (Vronsky/aj.. my side(numismatics) Soloman Brothers(when it was that) used to issue yearly reports on) ID#411112:

the best investments 1year 5year 10year...numismatics were the no.1 10 year investments for many years a close second Chines Ceramics go figure


aj.my powder is dry and my gold in hand,the only way I'll hand it over is in my cold clinched dead fist.

Date: Sat Mar 28 1998 10:19
Rob (old gold) ID#410114:
RJ and Glenn have said that they will be buying when the price takes a hit, also. Nicht wahr?

Date: Sat Mar 28 1998 10:12
OLD GOLD (the dips) ID#238295:
Preacher: Agree we probably will see some down days very soon. And when we do, RJ, Glenn, and a few others will post saying $280 is just around the corner. But I'll be buying the dips.

Date: Sat Mar 28 1998 10:08
Carl (SDRer, If you're out there.) ID#341189:
Copyright © 1998 Carl/Kitco Inc. All rights reserved
I sent the following emai to James Grant:A few inquiring minds who discuss money issues on Kitco ( a gold investment discussion group ) have stumbled on an agency called Multilateral Investment Guarantee Agency. This invention of the World Bank appears to indemnify banks and others ( ? ) against losses in the international debt market. It has occurred to us that we know nothing about the relations between large international bank lending and its ties to government through cozy arrangements such as this. You are a person who we believe has the knowledge and connections to help us if you would be so kind. Our questions are: 1. How extensive and pervasive is the connection between large bank international lending and government arrangements, formal or informal? 2. Do we know the size of US government liabilities which might occur as a result of such arrangements? 3. Is the push by Rubin et al for IMF funding and backing related to heading off otherwise callable obligations of the US if the foreign nations in question should default on their loans from large banks?

Perhaps we are just being paranoid. If so, just tell us. Should you be so kind as to help us with these questions, you may either email me in return or, of course, you would be very welcome on Kitco.com.
Carl Semmelroth Ph.D.

Date: Sat Mar 28 1998 10:04
vronsky (BEST INVESTMENT FROM JANUARY 1959 - JANUARY 1995) ID#427357:
-

Here is a pop-quiz for you. From January 1959 ( repeat 1959 ) to Janueary 1995, WHICH STOCK performed the best, IBM or Homestake Mining?

How come such a seemingly dumb question? Because the answer was so surprising to me - and I think will be to most people. The answer is HOMESTAKE MINING!

Homestake appreciated at a compound rate of 6.5%, while IBM crawled along at a mere 4.5%. By comparison the DJIA grew by about 5.25% during the same 37-year period.

Who doubts gold stocks can be a good long-term investment?

Here is what a $10,000 in each what have done during the 37-year period -

IBM…………@ 4.5%…………$48,800

DJIA……... …@ 5.25%……….$63,100

HM……… .. .@ 6.5%… …… ..$96,500

Source: Garside Forecast - 1995 TIMER OF THE YEAR WINNER ( TIMER DIGEST )


Date: Sat Mar 28 1998 10:02
a.j. (Robnoel: Keep your head clear, your PMs buried and your powder dry!!) ID#257136:
They show a lot of our dirt roads and Dogpatch areas also, but thaT DOES'NT CHANGE THE FACTS. aT LEAST FOR THOSE WHO CAN SEEK FACTS OUT.
Here in Arkansasa we get bad raps alla tam 'cause uv bubba and his misbehavior. Thet kint chayunj the reel stuuf what kin onlee b seed bah a visit to West Central Arkansas.

Date: Sat Mar 28 1998 09:51
robnoel__A (the thing that really gets to me,US main stream TV) ID#411112:

since Clinton has been in South Africa,only shows dirt roads and poverty of blacks,the sterio type is pathetic,now babba is in Soweto,mourning some poor black kid....I wonder if he will talk about the American Doctor who was blown away last nite for no reason by some black savage....this whole African trip has been done to pander to the US black vote...its so transparent....I am totally disgusted this morning

Date: Sat Mar 28 1998 09:49
tolerant1 (SilverBaron) ID#31868:
Found it, good grief. It appear that others think she has had injections of Daffogen as well.

Date: Sat Mar 28 1998 09:48
vronsky (FACTS & OBJECTIVITY) ID#427357:

POLARBEAR, please don't waste time confusing the poor-fellow
with FACTS, because his mind is already made up - and especially
since he confesses about himself, - Yes, call me prejudice.

Date: Sat Mar 28 1998 09:31
POLARBEAR (NA vs. SA.....ABX vs. RANGY) ID#183109:
Copyright © 1998 POLARBEAR/Kitco Inc. All rights reserved
Poorboys...ABX up 45% since low in December
That is a great gain but maybe you're missing the point of all us S.A. promo guys. N.American Gold shares will undoubtedly do well in the coming bull, but the S.Africans will be stunning. Your 45% gain with ABX is great, but had you put your money in RANGY or DROOY during the same period, YOU'D ALREADY HAVE A DOUBLE, and RANGY at under a buck and a half is still dirt cheap, just like nearly all the S.A shares. Think what your portfolio will do if you load up now and unload at $10 or $15 a share down the road. Always willing to hear other opinions--how about posting or sending Vronsky an article explaining why someone would want to buy such expensive N.A. stuff? If it is good I bet he'd post it. Good luck with your portfolio. You'll certainly do better than the crowd : )

Date: Sat Mar 28 1998 09:27
Poorboys (tooooooo Each his own) ID#224149:
Tolerant 1 – If I was to invest in Gold Stocks it would be in Canada ----all the way ----Yes call me prejudice ---Away for another 5 mile walk ---TED YOU ARE NOW MATCHED

Date: Sat Mar 28 1998 09:26
Silverbaron (tolerant1) ID#288295:
My search on Maria Gina Lollobrigida Daffy Duck Lips Bartiromo turned up a fan club.....thought you'd maybe want to join... ( ;^ ) ) ....awaytomowthelawn....bbl

Date: Sat Mar 28 1998 09:24
tolerant1 (Poorboys - those savages invoking constitutional rights - savages I tell you!) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
At least 600 white farmers get reprieve in Zimbabwe

Copyright © 1998 Nando.net
Copyright © 1998 The Associated Press
Africa News Online.

HARARE, Zimbabwe ( March 27, 1998 2:25 p.m. EST http://www.nando.net ) -- Zimbabwe appears to have given a reprieve to at least 600 white farmers whose land was to be confiscated and turned over to poor blacks, a group representing white farmers said Friday.

The Commercial Farmers Union said almost half the 1,471 properties listed for seizure by President Robert Mugabe's government in November were on a new list of farms withdrawn from seizure orders.

The union's weekly magazine reported Friday that some owners have already received letters from the Agriculture Ministry notifying them they could stay on.

About 4,000 white farmers own a third of Zimbabwe's land, and 8 million peasants live on another third. The rest of the country is wilderness. Earlier attempts to resettle landless blacks had been marred by charges of favoritism and corruption.

Nick Swanepoel, the head of the organization, said the group's leaders were to meet with officials to discuss the new delisting.

Among farms coming off the seizure list were many that were the sole properties of the owner, meeting a government promise that only farmers owning more than one farm would have land confiscated.

We welcome that, Swanepoel said.

Union officials said the list of withdrawals still has to be formally ratified by being published in an official legal notice.

After targeted properties were named in November, farmers were given a month to appeal confiscations.

According to Agriculture Minister Kumbirai Kangai, 170 farmers did not appeal and black families will be resettled to those farms in June.

Kangai last month also said large white-owned agricultural estates and plantations would be reprieved from seizure as long as they admitted blacks in business partnerships.

Further confusing the issue, Kangai on Friday denied media reports that the government had bowed to pressure from Western donors and agreed to pay full compensation for farms to be taken over.

That was wrong reporting. I did not say anything that was contrary to what we have been saying all along, he told the state news agency.

Kangai, however, gave written assurances to donors last month that market value will be paid to farmers after the donors demanded that the government observe ownership and constitutional rights.

By ANGUS SHAW, Associated Press Writer

Date: Sat Mar 28 1998 09:19
tolerant1 (223 - the most telling line in that article - wait 'till this gains momentum -) ID#31868:
The survey did not take into account corporate downsizing and the nation's large temporary work force.


Date: Sat Mar 28 1998 09:11
223 (US incomes and job turnover are up this year. Feeding the fires I suppose.) ID#26669:
http://dailynews.yahoo.com/headlines/business/story.html?s=z/reuters/980327/business/stories/economy_4.html

http://dailynews.yahoo.com/headlines/business/story.html?s=z/reuters/980327/business/stories/turnover_1.html

Date: Sat Mar 28 1998 09:11
MoReGoLd (@Y2K - now predicting a 60% chance of a global recession similar in scope to the 1970's oil crisis) ID#348286:
Copyright © 1998 MoReGoLd/Kitco Inc. All rights reserved
March 27, 1998

Dr. Edward Yardeni Raises his Y2K Recession Prediction: Now Sees 60% Chance of Economic Slowdown Caused By Millennium Bug

Dr. Edward Yardeni, Chief Economist of Deutsche Morgan Grenfell recently stated that he is now predicting a 60% chance of a global recession similar in scope to the 1970's oil crisis as a result of Y2K. Yardeni changed his prediction from 40% to 60% after studying the Office of Management and Budgets ( OMB's ) fourth and latest progress report on Federal Agency Year 2000 progress which was released on March 10 for the three-month period ending on February 15. The economist concluded that there is an ever-increasing chance that vital government services will be delayed, disrupted, pared, and curtailed in 2000. Yardeni posits that this precarious situation implies that foreign governments, as well as many business organizations around the world, may fail to meet the deadline too, causing expansive shutdowns of key international infrastructures and communications facilities.

Adam Kaplan Interprets:

Dr. Yardeni's new number comes as no surprise to us. In the last four months, the time between this prediction and Yardeni's previous prediction, we have not seen or heard anything that would persuade us that the Global Y2K situation was getting any better.

On the contrary, we have seen precious time go by without the following critical changes ever happening:



1.The emergence of strong individual political leadership on this issue in most parts of the world, including the Far East, most of Western Europe and developing countries. With the exception of Tony Blair in England, and Government officials in Australia and New Zealand, Canada and the U.S., political leaders are keeping this Y2K Timebomb largely under wraps. In Europe's most industrialized nations, including Germany and France, the EU situation has apparently drawn their attention away from this issue. In the Far East, Eastern Europe, Africa and South America, Year 2000 awareness is frightfully low.

2.A substantial improvement in Year 2000 readiness across industries, including banking, healthcare and utilities. With the European Monetary Unit conversion to contend with, the global banking system has a lot of logistical problems on its hands. As we have noted, there are a multitude of Information Technology ( IT ) challenges to doing both Year 2000 and Euro changes at the same time. The healthcare industry is plagued by its reliance on embedded systems. Utilities are undergoing the turmoil of deregulation.



Any optimists out there?



Adam Kaplan
Editor
Westergaard Year 2000

Date: Sat Mar 28 1998 09:09
tolerant1 (Poorboys - Baaa, baaa, baaa - I am a tequila drinking, happy go lucky) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
fella, hmmmmmmmmm, sheep, one of a flock, hmmmmmmmmmm. I shall give you the benefit of the doubt as to your post regarding sheep since the post you displayed as evidence, spoke ill of Canada. I can very well understand your outburst.

Everyone here is familiar with my less than civil posts on more occasions than I care to admit. I have two ears and one mouth and fail to recognize that fact on many a day. When I stick my foot in my mouth I am aware that it jams on my knee, saving me from further embarressment.

But I must ask you, do you really believe that as the price of gold rises that the SA shares will not geomterically distance themselves from the NA american shares?

Date: Sat Mar 28 1998 09:05
MoReGoLd (@Y2K - TOO LATE TO SOLVE THE PROBLEM (Any Doubters please read this!)) ID#348286:
Copyright © 1998 MoReGoLd/Kitco Inc. All rights reserved
Millennium bug can't be stopped, says expert
By Robert Uhlig, Technology Correspondent - UK Telegraph
27 March 1998

IT is now too late to fix the Millennium computer bug and urgent contingency plans are needed to limit damage to the national infrastructure, the head of a former Government advisory body said yesterday.

On the eve of a speech by Tony Blair on Government proposals to tackle the Millennium bug, Robin Guenier, who was the head of Taskforce 2000 under the former Tory government, said that a satisfactory outcome was now impossible. He said that correcting the bug was even more complex than originally thought and most companies had made no preparations. Gwynneth Flower, the director of Action 2000, set up by the Labour Government to advise on the bug, has said that it is a problem that could bring down a government.

With only 20 months until 2000, only 16 per cent of public sector companies have started to convert software. The bug arises because the calendars in about 85 per cent of computers use two digits for the year and so cannot tell the difference between the 20th and 21st centuries. On the stroke of midnight on Dec 31, 1999, this could cause many computer systems to fail, including those controlling health service systems, bank accounts, pensions and air traffic control. Computer experts say the bug-fixing must be completed by the end of this year to allow 1999 for testing. Already, several systems, including credit cards that expire in 2000 or beyond, have failed.

Mr Guenier said that, despite widespread warnings, business, industry and the Government had failed to take the issue seriously. Significant numbers of large companies do not have it under control, he said. It is, put quite simply, too late. The outcome will range from inconvenience to disaster. Mr Guenier called on the Government to unambiguously confirm that we are now dealing with an emergency and draw up appropriate contingency plans.

Health service computer specialists alone have estimated that they need up to £750 million additional funds to correct the bug. In the health sector it affects dozens of life-critical systems ranging from drug administration equipment to patient monitoring systems, radiology and automated treatment systems, such as dialysis machines.

Mr Guenier urged the Government to insist that the chief executives of all large utilities provide assurances that there will be no service interruption. Despite repeated requests, none of the water companies will confirm that they have satisfactorily corrected the computer systems that control the supply of water and disposal of sewage. British Telecom has published the measures it is taking to ensure that telephone services work next century, but it cannot guarantee it will be possible to make or receive calls on Jan 1.

Mr Guenier also called on the Stock Exchange to require its members to provide full details of their budgets and plans for fixing the bug. In Australia, the stock exchange has threatened to withdraw listing for any company that cannot produce the details by June 30. The computer industry estimates that it will run out of staff qualified to solve the problem next month.

Date: Sat Mar 28 1998 09:04
Poorboys (Human Rights mean anything ?) ID#224149:
Those terrible lousy North American stocks --- PDG up 34% since low in December ----ABX up 45% since low in December ---Just a few bad North American stocks in a continent of Human Rights ---Away till the SA promo is over.

Date: Sat Mar 28 1998 08:18
tolerant1 (Mr. Mick - simple really) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
First and foremost, they have more gold. Secondly, aside from the United States thinking so much of their stock market, and their dollar, it is my contention that the rest of the world considers SA to be the premier gold producer on the planet.

Good marketing has provided the US and Can mining stocks with a solid following. However, as gold starts to move up you will see the price of the SA shares literally explode, the higher the price of gold, the further they will distance themselves from mining shares anywhere else.

Over and above that, I see that the political propaganda in the US is alive and well. Believe me, as things take a turn for the worse in the global economy, the US will suffer far worse consequences than SA. The Rand will increase in value and people the world over will invest in the tried, true, proven value to be found in the SA stocks. Money will fall out of the sky into the SA stocks, the people there will be fat and happy. Remember, in SA, mining stocks are their bread and butter so to speak, in the US, ( mining stocks total market capacity ) you have to use a microscope to even locate them in terms of dollar value by comparison to all other markets here.

In addition, I would like to point out that the Canadian stocks will do well, but will not be as powerful ( leveraged ) as the SA shares, but the Canadian dollar will fare well as money pours into their mining stocks.

The tremendous shift of inflows of cash will change.

Oh my darlin, oh my darlin, oh my darlin paradigm.


Date: Sat Mar 28 1998 07:53
Mr. Mick (Tolerant - Just reviewed McAlvaney's article on golden eagle......) ID#345321:
Very interesting. Haven't read Kutyn and Milhouse yet, my pc kept crashing last night. It has been hard to log in to this page as well. Too much traffic I guess.
You mentioned SA gold stocks outperforming others when the bull gets going. Knocking them off the planet was the phrase you used, if I remember. Can you tell why you think so?

Date: Sat Mar 28 1998 07:49
Speed (Durban Deep) ID#286199:
DD just voted to issue 3.7 million new shares to finance projects. This would explain the failure of the stock to appreciate as fast as the other SA stocks this past week. Does anyone have more information?

Date: Sat Mar 28 1998 07:42
Ted (TORT) ID#330175:
Yer lead-in ta the joke sounded just like Loooouie!!

Date: Sat Mar 28 1998 07:39
Ted (Tort..........................................& Poorboys------------*go gold*) ID#330175:
Tort: We're ALL profound @ this site!!!---Poorboys: Not ta upstage ya but am doin a TEN mile walk-a-thon NOW!!---later dudes& dudettes~~~~~

Date: Sat Mar 28 1998 07:34
Tortfeasor (What going on?) ID#36965:
Ted, I didn't realize my words were so profound that they needed to be copywrited. I need to stick with this forum.

Date: Sat Mar 28 1998 07:32
Tortfeasor (Joke of the Day) ID#36965:
Copyright © 1998 Tortfeasor/Kitco Inc. All rights reserved
Morning Ted and all. I've been pleased with the gold movement the past few days. However, we've all been here before and had our hopes dashed on the rocks of reversal. Maybe our ships will sail through into unchartered seas this time. However, we better not scrape our barnacles off yet and get too optimistic. Here's a little something for the morning.

THE TRUTH BEHIND ADAM AND EVE

One day, after nearly an eternity in the Garden of Eden, Adam dials up
God and says; Lord, I have a problem.

What's the problem, Adam? God replies.

Lord, I know you created me and have provided for me and surounded me
with this beautiful garden and all of these wonderful animals, but I'm
just not happy.

Why is that, Adam? comes the reply from the heavens.

Lord, I know that you created this place for me, with all this lovely
food and all of the beautiful animals, but I'm lonely. The sheep and I
do not speak the same language.

Well Adam, in that case I have the perfect solution. I shall create a
WOMAN for you!

Forgive me, Lord, but what is a WOMAN?

This WOMAN will be the most intelligent, sensitive, caring and
beautiful creature I have ever created. She will be so intelligent that
she can figure out what you want before you want it. She will be so
sensitive and caring that she will know your every mood and how to make
you happy. Her beauty will rival that of the heavens and earth. She
will unquestioningly care for your every need and desire. She will be
the perfect companion for you.

Replies the heavenly voice.

Sounds great to me. says Adam.

She will be great, as is with all things I create, well except for the
Platypus, but Adam..........

Yes Lord.

This is going to cost you.

How much will this WOMAN cost me Lord? Adam replies.

She'll cost you your right arm,..... your left leg,..... an eye,....
and an ear.

Adam ponders this for some time. Then with a look of deep though and
concern still etched on his face, Adam says, Ehhhh..... what can I get
for a rib?

Date: Sat Mar 28 1998 07:24
Poorboys (A walk before the rain comes) ID#224149:
Ted --Gold June futures –Support –289.90 ---300.00 ---Resistance 312.00 ---320.00 --- 331.00 ---Looney ---Support .7040 ---. 7020 ----Away for a 5-mile Ted walk.---Let the herbs sing

Date: Sat Mar 28 1998 07:24
sharefin (Gold - Bullish Analysis) ID#284255:
http://tfc-charts.w2d.com/zdisplay.phtml?cbase=GD&cterm=68

Date: Sat Mar 28 1998 07:12
Ted (Tolerant 1.......letter-bomb perhaps.......) ID#330175:
esargent@auracom.com

Date: Sat Mar 28 1998 07:11
Ted (Poorboys................& *go gold*) ID#330175:
Howdy bro!....How bout that 'frizzy-haired little twerp' ( Jean Charest ) --I'll take DON CHERRY any day of the week!!...In 'poor ole Cape Breton' we'll be lucky ( who us? ) ta hit 45 today...but I still say *go gold*....Today is my day for musac-herbs ( yeeeeeeeesssss )

Date: Sat Mar 28 1998 07:07
tolerant1 (Ted) ID#31868:
whats your email address? I have something to send ya.

Date: Sat Mar 28 1998 06:57
sharefin (Once again, the world’s stockmarkets are soaring. Why? ) ID#284255:
-
http://www.economist.com/editorial/freeforall/current/fn7205.html
As good as it gets ( again )


FOCUS - Wall Street sees no finale yet to explosive stock rally
http://biz.yahoo.com/finance/980327/column_sto_6.html
Dines said that in the 40 years that he has been an analyst, there has never been such a spectacular market.

The market's ascent is being propelled by iceberg-size chunks of money that are pouring into stock mutual funds.

``This money overwhelms every consideration of value, and there's even the spectacle of Warren Buffett, the ultimate value investor, selling his Coca-Cola stocks and buying silver, which proves that we are looking at a mass psychological phenomena and a stampede of galactic proportions.''

How is this bull market likely to end.?

``It will end in a currency crisis,'' Dines said. ``We came really close to one late last year when Asia caved in but the problem brushed right passed us and Wall Street turned bullish again.''

The fact that the stock market was able to sidetrack the serious Asian economic problem showed that few things can possibly stand in the way of a stampeding market, he said.

``It's what I call the public getting the bit in its teeth and it's just running,'' he said. ``The secret of this market is that it has nothing to do with value and today's stock prices can't be justified.''

Dines believes that a major event could turn the market psychology around -- a Japanese or European crisis or the year 2000 computer problem.

``My instinct tells me that this Mother of All Bull Markets will be followed by the Father of All Bear Markets,'' he said.`` ''But for now, the market will have to run its course and the first sign of trouble will be a speculative fling in low-priced penny stocks.``


Date: Sat Mar 28 1998 06:56
Poorboys (feels like summer) ID#224149:
Ted – The lake is calm and looking for 60 plus degrees today ---Go Gold AAA

Date: Sat Mar 28 1998 06:52
Ted (@ Cape Breton) ID#330175:
mornin

Date: Sat Mar 28 1998 05:28
2BR02B? (@Poorboys) ID#266105:

I wouldn't really know. I would know the debate about debt
traps, maybe 65-70% of GDP where U.S. hovers. I've heard that
anything less than triple-A once lowered has never stopped short
of default/reschedulings post-war.

Date: Sat Mar 28 1998 05:23
Ersel (@ John Disney_A...) ID#228283:

Chill out ,my friend, you/POLARBEAR's analysis made so much sense I went and bought a whole bunch of RANGY with the idea that when it doubles I will sell half and ride free. If some people are nervous about S.A., so what! Most North Americanos should be more nervous about the situation here in the states with their money,IMNSHO.
Thanx again and GO GOLD !!!

Goodnight from the chilly Midwest......

Date: Sat Mar 28 1998 05:17
Poorboys (Promo Friday) ID#224149:
Copyright © 1998 Poorboys/Kitco Inc. All rights reserved
The King and his sheep –The big push on SA stocks on Friday by Vronsky and his sheep must make me wonder “How do you get rid of slime balls “. Typical sheep post --------Date: Fri. Mar 27 1998 19:35
DEJ ( RSA political risk. ) ID#270235:
RSA in my opinion is less politically risky than Canada. Canada is run
by socialists, the currency is on the brink of collapse and the
country will likely split in two or worse.
As you can see his sheep no little of Canada. I would suggest Vronsky move to SA immediately to take advantage of those cheap boiler room stocks or stay in the U.S.A and receive his promo cheques .What a slime ball.

Date: Sat Mar 28 1998 04:11
2BR02B? (@JD) ID#266105:


One is a corporate CPA and the other an Rn/ER/ICU and
one is my wife of umpteen years. After DD, doubled on Hgmcy
then equaled those with rangy. So far, so good, pms about
25% total exposure at present. Back to the kitchen with
these 'twins' and yak later atcha.

Date: Sat Mar 28 1998 04:05
Gianni (confiscation in RSA?) ID#384350:
Mr Disney, maybe I am mistaken, but I could swear that I read that there is an attempt to confiscate white farmers' land in South Africa.

Date: Sat Mar 28 1998 03:43
John Disney__A (hello hello) ID#24135:
am I the only guy here ..

Date: Sat Mar 28 1998 03:42
John Disney__A (Sounds sexy) ID#24135:
For 2bro2b
Tell me more about the twin sisters.

Date: Sat Mar 28 1998 03:36
2BR02B? () ID#266105:


JD - After spending ( still ) an evening with these
twin sisters, I too miss Ziva.

Date: Sat Mar 28 1998 03:08
John Disney__A (It all fits together) ID#24135:
Copyright © 1998 John Disney__A/Kitco Inc. All rights reserved
For Oris
Plat supply 1997 ( ooo oz )
RSA 3660
Russia 700
NA 270
other 70
total 4770

Palladium
RSA 1750
Russia 3200
NA 600
other 100
total 5650

Sometimes I wonder if Russia supplys PGM at all.
Look, maybe the missing palladium from RSA could
go to Russia for tanks planes nuclear stuff mass
destruction stuff and Russia PRETENDS to mine at
Norilsk .. using movie extras and a Canadian manager.
This explains Canadian guy who cant speak Russian.
So story is kept out of Russian press.
RSA then gives nasty ordinance to Cuba Lybia and Commie
Rat countries to become new seat of evil empire ..
Does Ziva know about this ?

For tyoung
GOY = GOT

Date: Sat Mar 28 1998 02:41
John Disney__A ( Have you goy an answer yet ) ID#24135:
For TYoung
The reason That no one is anwering your question on the
last shut down of RSA mines due to strikes was that it
didnt happen in any major way.
Discontinuity of supply from RSA due to strikes, murder,
revolution, nationalization, and associated bullsh!t exists
in the minds of jounalists, badly informed and brainwashed
North Americans, and RSA exiles who have to justify what they
gave up .. to themselves and others.

Date: Sat Mar 28 1998 02:35
John Disney__A ( What's the USE) ID#24135:
Copyright © 1998 John Disney__A/Kitco Inc. All rights reserved
To All ...
Last night a guy posted THIS !!!!!

Does anyone know a good RSA mining company
that has little or no debt and that pays a decent
dividend?

While the current government's plans to confiscate
white farmers' land is inquieting, the fact that some
of the world's wealthiest families have considerable
interests in So. Africa makes it less likely that there
would be nationalisation of the mining industry. Steal
from the little guy who cares, steal from the king and
the sentence is death.

Please tell this gentleman that he is
Confusing ZIMBABWE with RSA for Gods Sake!!!

Date: Sat Mar 28 1998 02:29
Hardguy2 (@All... I am fading fast, its to bed for me) ID#399119:
Perchance to dream

Date: Sat Mar 28 1998 02:17
Hardguy2 (@ ERLE, I suffer from a deep suspicion of authority.) ID#399119:
Copyright © 1998 Hardguy2/Kitco Inc. All rights reserved
I have found that the mythic AMERICA never truly existed. The plight of the common man has been that of constantly being exploited and shamelessly cheated out of any true cross-generational security by confiscatory taxation and convoluted re-interpretation and judicial construction of precedent over LAW where the Bill of Rights is concerned. Liberty, Individualism, and self-sufficiency is totally suppressed. You are not allowed to truely own land, you only rent it from the Government, if you don't belive that this is the truth, try not paying your county and state tax. Our public school structure was lifted whole from the Prussian model observed by American Educators visiting Europe in the late 19th century, it stresses conformity and rigid authoritarianism. the drones produced are compliant cannon fodder and are our present GDP. At the risk of being considered a conspiracy theorist please note that the ( totally un-constitutional ) U.S.gun control act of 1968, was a word for word translation of the little paperhanger's 1938 German Gun control law. If you wish to make it through the coming time of troubles stock-up on shelf stable food,and water purification ( filters and chemical purifiers ) guns, ammo, sturdy all weather gear and PM's, optimally stashed in a deep topsoil of out-of-the-way self-sufficient rural area with like-minded neighbors with a mutual support pact.It's what I'm working toward, I hope it's not too late. but I remain a hard guy to dissuade.

Date: Sat Mar 28 1998 01:56
bulldog (Allen y2k retreat) ID#78136:
I had to share this with you. I took my wife and aged mother
for a drive in the country today to show them 3 acres I have
picked out. They think I am crazy, but I need this safety net
in place for my own peace of mind. My wife has been a pretty
good about this fixation and she is coming around to selling
the house she designed and decorated. She loved the retreat
lot, so we have a plan to execute now. I hope these nice moves
in my goldstocks the last two days is indicative of better t
things to come.

Date: Sat Mar 28 1998 01:28
ERLE (@Hardguy2) ID#190411:
Sorry, I botched your name

Date: Sat Mar 28 1998 01:23
ERLE (@Hardguy) ID#190411:
-
I'm in it for precisely the reasons you stated.
Out the door to the govt went enough to pay off my modest house,and sufficient funds to send my daughters to a good private college. Sometimes we are weary of the sixteen hour days of running a manufacturing business.I resent the parasite class ( money center banks included ) .
LEAVE US ALONE.
I don't worship gold, heck, I don't even have a wedding ring.
I figure that this is my last stand to protect what I have busted my butt for the last thirty years.
To wait until the time is the most propitious to protect yourself, you will invariably get caught on the downslope. ( with deference to the long suffering goldbugs ) .113,000,000,000.00 New debt since 9/97. No one will pay this.
What the hell? Buy coin now, apparently it's a feeding frenzy. You can at least for the short term find someone to buy yours if you want to sell.
Then, you have your physical and a way to liquidate with a small time delay due to the numismatic value.
IDCIBM on the dips or flats or rises.

Date: Sat Mar 28 1998 01:01
Myrmidon (@ oris -) ID#339212:

correction: Platinum production 5 mil ozs. ( not Pd )

Date: Sat Mar 28 1998 01:00
cherokee__A (@--almost-forgot---) ID#344308:
I'M THE KING OF THE WORLD!!!!!!!!

YEEEEEHAAAAAAAAAAAAAAAAAAAAAAAAAA!!!woooooowooooooowoooooo!!!!

tgfaaycawtinplhtinplh!




Date: Sat Mar 28 1998 00:59
oris (Myrmidon, thanks a lot for info.) ID#238422:


Date: Sat Mar 28 1998 00:57
Myrmidon (@ oris) ID#339212:

The 1996 Stillwater Annual report ( SWC ) had some nice charts of production and consumption of both Pd and Pt. From what I remember ( I have the report at work ) the Pd production was 5 mil. ozs in 1995.

Date: Sat Mar 28 1998 00:49
cherokee__A (@eb-be-a-lime-lover--------my-oh---) ID#344308:
Copyright © 1998 cherokee__A All rights reserved

jonesy---absolutely excellent bison post!

i've been preparing for what is fixing to happen next week
in the grains, for 3 months...it has been posted
here tam bien....the tickets are purchased....now
'we' see if the train goes north, or south...together.

the fed's meeting next week is 'ANOTHER' scenario which
has big profit potential....my june112 bond puts await
bald-headed-als interest rate hike.....IF rates are raised...
the puts, bought @$90ea, will skyrocket in value...and the
nasty green paper traded for them will be used to buy
shiny round golden orbs.....baldy-al is going to have
to raise rates before years end.....we are sitting on the
edge of a phase shift in paper and pm's....any day..any day.
will buy more bond puts next month if rates remain un-changed..
..planning and positioning...what position are you in? side-lined
with apathy? 'realistic'-ally imagining swinging the bat?

speaking of bald-headed-al-grease-spam----i was in benihana in
downtown houston 3 weeks ago, and saw a picture of al greenspam
taken while he was visiting the space city in the 70's...he was on the board of
directors at mobil corporation at the time....and a staunch
gold-bug....and surely, he must secretly still be!! the truth
cannot be controverted once it is known....unless delusional,
and bald-headed-al is not delusional...he carries-out the orders
of HIS taskmasters.

you've got to step-up to the plate in order to hit a home run...
the game of life awaits..take the first step, with fore-thought
and knowledge. the day can be yours....only if you make it so.

kick @ss sput-potato-dude...it needs to be heard! hammer-on
you are now the kitco 'hammer'.......... slam dunk at will.

strad-man----how's that little beauty doing?

earl----you are hereby remanded to the kitco-for-lunch-bunch...forever!
--------re-appear forth-with, or feel the barb of the quivered one.

cherokee!;...can-you-'see'-the-real-me------the-who---who--are-you


Date: Sat Mar 28 1998 00:42
Hardguy2 (@ ALL...IDCIBM,IDCIBM,IDCIBM,IDCIBM) ID#399119:
Copyright © 1998 Hardguy2/Kitco Inc. All rights reserved
IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM.IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM,IDCIBM... OOPS KINDA GOT STUCK THERE. I agree with robnoel... please god let me do it right this time! @ SpudMaster.. Give em hell! The USA is in deep trouble due to 60 years of the calculated erosion of the CONSTITUTION and the dumbing down of the media-manipulated GDP who are taxed into 2 income no-ones home with the kids lifestyles of zombie-like weekends of sports and beer getting ready for it all to start over again on monday. while pointedly remaining APATHETICALLY A-POLITICAL while being too lazy to make any effort to seek out any TRUTH about what is happening around and within their empty, spiritually bereft, intellectually barren lifes. God grant me the power to change the things I can, the sincerity to scream loudly and long about the things I can't, and the wisdom to ignore the difference. ( after all, I am a hard guy to supress for long )

Date: Sat Mar 28 1998 00:37
oris (John Disney) ID#238422:
Copyright © 1998 oris/Kitco Inc. All rights reserved
Brother John, do you have any interests in PA? Or was your
question on $360 potential for PA just a curiousity?

I have no idea what's going on with PA, it's obviously
shaking like a leaf under the force of the stormy wind,
but I am wondering if some guys started to short PA
under the cover of coming sudden Russian deliveries?

Hey, if it's an indication ( just may be ) of these deliveries,
it may as well be also indication of some PL deliveries coming
along with PA... May be Russian exporters got some kind
of temporary permission like Norislk Plant did in 1997?


Kind of too big swings up and down, too big for normal
trading...What's your take on this PA behaviour? Do you
know the size of the average world demand for PA and PL?

Your very curious brother Oris,
ready for opening of the beer can shooting season ...










Date: Sat Mar 28 1998 00:30
ravenfire (myrmidon: re: manias) ID#333126:
historically significant financial manias:

gold 1980
gold stocks 1996
dutch tulips ... erm ... some time ago
U.S. stocks 1997-1998?

anyone can contribute any more tidbits?


Date: Sat Mar 28 1998 00:24
eck333 (RJ and others @ Gold IRA) ID#53235:
Thanks for all the detail on gold IRAs.

Is it possible that ACT could somehow go under and not let me get
my gold out of the IRA?

Could they somehow get my gold out of the repository and leave town
with it?

Can I withdraw the gold from the Wilmington Repository without going
through ACT. ( if they were insolvent or missing ) Even if taxable...

And last but not least, Will the Wilmington Repostitory send me a
statement on what I have, if asked?


Date: Sat Mar 28 1998 00:10
Myrmidon (@ Preacher) ID#339212:

The gold mania of May 1996, is it comparable to the DOW mania now?

Date: Sat Mar 28 1998 00:08
2BR02B? (@ouija board) ID#266105:

Not much for crystal balling but the divine Ms. Hughes
who's apparently got better to do mentioned quite awhile
ago that her & her'n would begin to get interested/committed
around $308, with a reappraisal of the terrain about $325
if I recall correctly, it's been a long while.

Out for dancing, the marital unit's twin sis in town,
kinda cute, too. Like Foxworthy says, sign of redneck,
goes to fambly reunion to see what he can pick up.

Date: Sat Mar 28 1998 00:04
farfel (IDCIBM...BY JOVE, I THINK HE'S GOT...I REALLY THINK HE'S GOT IT!) ID#340302:
I DON'T CARE, I'M BUYING MORE!
I DON'T CARE, I'M BUYING MORE!
I DON'T CARE, I'M BUYING MORE!

F*

Date: Sat Mar 28 1998 00:04
Myrmidon (IDCIBM = I DON'T CARE, I'LL BUY MORE) ID#339212:


Date: Sat Mar 28 1998 00:00
ERLE (OK Mentor F*) ID#190411:
idcibm
Idcibm
IDcibm
I DON'T CARE, I BOUGHT AS MUCH AS I HAVE F.R.NOTES TO TRADE FOR.
I BOUGHT IT CHEAP.
BESIDES, SHOW ONE TO A FRIEND, AND THEY WANT IT TOO!
GO Au,Ag,Pt,Pd.......SWC

Return to Home Page

Site design & maintenance by Nick Laird
All pages on this website are ©1998-2017 ShareLynx Gold - All Rights Reserved