KITCO GOLD FORUM
1997-1999

index
Date: Tue Mar 31 1998 23:59
STUDIO.R (@EJ......) ID#288369:
Three years of 30%/year equity pricing increases have resulted in 10% GNP increase. Equities demand has increased price of paper 90+%, yet only a 10% increase in real goods creation. Paper brokers benefit quite nicely and paper holders let it ride....one fortunate effect, overheated demand for goods is thwarted by the greed.

Date: Tue Mar 31 1998 23:58
tolerant1 (Prometheus - Hmmmmmmmmmmm - my liver is just fine,) ID#31868:
I appreciate the donor aspect of your previous post, it is appreciated though un-needed. It is April, I am the fool, and no, t'was not a joke, I love tequila! And, to be sure, I am lucky, tequila loves me.

Namaste'

Date: Tue Mar 31 1998 23:56
crazytimes (Warning: Off topic....more wild stuff. ) ID#342376:
Copyright © 1998 crazytimes/Kitco Inc. All rights reserved
A physicist named Peter Russell wrote a very simply written book called The White Hole in Time. The basic premise is that Evolution is accelerating. The time is took for multi-celled creatures to develope is half what it took for one-celled creatures to develope. Sexual reproduction speeded things up, then of course at some point, consciousness is produced which is an aspect of evolution too. Now, mankinds knowledge or database doubles about every 6 years and is getting even faster. Every developement produces a further acceleration of evolution such that each further step is half what the previous step was. This leads to a point in the future where everything collapses on itself, kinda like a spiral going inwards to a center point. The physicist in this book relates that point to approaching a black hole. An event horizon. He also relates the properties of light to the properties of conciousness. They are the same. ( non-local, non-temporal ) Now, this computer program actually figures out this point in time where evolution hits it's terminal endpoint of acceleration. It spits out December 21, 2012 which turns out to be the exact end of the Mayan Calender! It's the ultimate Big Bang of conciousness. It's very similar to the vision in Arthur Clark's 2001: A Space Odessey.

Date: Tue Mar 31 1998 23:52
Prometheus (@RJ) ID#210235:
Your long-term customers have been very fortunate. Bet you get lots of word-of-mouth referrals.



Date: Tue Mar 31 1998 23:51
A.Goose () ID#20134:
Date: Tue Mar 31 1998 23:45
arden ( re eligible stocks ) ID#201238:

I can't say how glad I am that you have lead the way in looking a the eligible stock game at comex.

Thanks ...



Date: Tue Mar 31 1998 23:50
(Y2K, the bottom line) ID#32100:
Copyright © 1998 /Kitco Inc. All rights reserved
Hello to all. I have been a lurker for over a year and feel like I
know everyone on the forum. Having worked in the computer industry
for the past 20 years I feel like I have something to add.
Seen all the posts and been to all the sites and have seen all the predictions.This is going to blowup, thats not going to work anymore etc.

The real truth of about Y2K is that its TOTALLY UNPREDICTABLE!!
No one, with absoulte precision can say what is going to happen!!
Gary North is hiding out in the woods of Arkansas predicting
doomesday. He may be 100% correct and is as ready as one can be for it.

I am a total gold bug and do believe the future is bleak at best without
the Y2K thrown into the mix. I have worked too hard to get to where I
am today and have pulled out of the market 6 months ago. This babby is
going to blow bigtime. I am regarded by many of my friends as a financial
fool! They are all going to retire in 5 years in this market.
We all know better!!! I dont care what the POG does, it beats paper and
will always be worth its weight in gold with no promise to pay.
Gold has an awesome track record throughout history, the Dollar, well...

If you understand kaos, you have a feel for what I am presenting here.

It will be kaotic!

Best Regards to the group. O.L.

Date: Tue Mar 31 1998 23:49
ERLE (@Myrmidon) ID#190411:
Maybe SWC can hire Mexican hardrock miners. Just like the companies that process chicken and beef do all the time. Bring 'em up on busses, destroy the town structure around the mine/slaughterhouses. Cheap labor there - down south of the border. I certainly hope that they can use American miners, helped by the capital that I put into their company.

Date: Tue Mar 31 1998 23:47
A.Goose () ID#20134:
chas you can find arden here;

http://www.clarityresources.com/


Date: Tue Mar 31 1998 23:45
arden (re eligible stocks) ID#201238:
Copyright © 1998 arden/Kitco Inc. All rights reserved
Sir A. Goose again I would like to thank you and Silverbaron and Realistic for picking up my mantra about comex warehouse stocks and in particular the eligible stocks. I do not have any historical ( some say my comments were hysterical! ) source of comex data. For many many months I posted the data I could obtain from comex on this forum on a daily basis.

I can not tell you how pleased that a few others ( thats more than Another! ) have picked up my message and are now beating the drum. Now I must beat another drum at http://clarityresources.com I wish I has the time to post more comments on this site, but many of you know why I don't.

Date: Tue Mar 31 1998 23:40
Prometheus (@tolerant) ID#210235:
Sure hope that's your april fool's joke du jour. Ain't got a spare liver for ya.

Date: Tue Mar 31 1998 23:40
Selby () ID#286230:
Preacher: Actually I am without gold except for a couple of Barrick shares and some shares of firms with Ontario Moose pasture and have been in this state since I sold everythign I had in Nov of '96 and and put the cash into Canadian blue chips. I have the intention to sell them all and get back into gold once I see the price going up faster than the NTL BNS and TOC's of the World. I have never worked for Cambridge House although I did frequent a tavern some years ago in a town about 60 miles west of Tornto that was called The Cambridge House as I recall.

Date: Tue Mar 31 1998 23:38
jonesy (double post sorry) ID#251166:
.

Date: Tue Mar 31 1998 23:37
RJ (.... It seems easier to post the whole case and let it stand for itself .....) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

The following posts were met at first by outrage and finally by a chorus of deafening silence:

RJ Kitco posts June 1997

Arden - I, unlike many others here, have very little emotional investment in gold. Free of this reason clouding attachment, my assessment gold’s merits and shortfalls rests in facts not supposition. By no means am I trying to say that your arguments are biased in this way, but some that I have read are. Let me answer your main points:

Distribution of gold reserves; name a continent in which gold cannot be found? Regarding the central banks, they have a very real interest in the price of gold; precisely never too far above $400. As for the banks trying to convince us that gold has no value, since when? Central banks are the largest holders of gold on earth, and as such have a more vested interest in gold than any other can claim. Since when do CBs want gold to be worthless? Their goal is a stable price of gold, as this gives the appearance of stable currency. Note I said appearance’, I do understand the game. Why else would one CB or another step in and cap off any significant rally over $400. Last time it was Belgium with over 200 metric tons.

To answer all offers of proof as to gold’s value in times of crisis or for refugees. I agree completely This agreement carries the proviso that there must be a place for one to go where gold is valued above the goods and commodities it may be traded for. Were I a third world citizen, all my wealth would be in gold, but the global collapse that some here envision will make all men equal. I say again, if the western world falls, the entire world falls. I for one do not believe in the decline of the western world, which I will discuss in depth later, so please don’t blast me with the arguments now until you read what I have to say.

The main focus of my argument is that gold, as an investment vehicle, store of wealth, and preserver of value, has performed dismally in the last 20 years. Let me turn the numbers around. Average price of gold for the last 20 years: $327. Purchasing power of $327 ( 1977 dollars adjusted at 4% per anum ) : $716. Where did the other $389 go? This seems like a very expensive store of wealth. I again ask anyone to refute the numbers. Is my calculator part of the Alan G & the CBs conspiracy? More likely, it is a sleeper in the Japanese takeover, it is a Casio after all.

OK… Following are US Government CPI statistics. I think we can all agree that, if anything, the government understates these statistics. Also included are high and low gold prices for each of the last 20 years - provided by the Future Source, you read their FWN reports on the Kitco link. Note these numbers include $825 gold as well as $127 gold, hardly cherry picking my numbers.

I have added up the lows and highs and divided by 20. Who thinks this is a more accurate way to arrive at an average? Front, if you want to get snippy, I’ll let you be wrong at the top of your voice. My post to your carried none of the hostility contained in yours. But I guess this one does. I have also taken the low and high for the year and used the somewhat simplistic frontage method and then averaged those.

As all can see, I was being extremely generous assuming a 4% per year for the last 20 years. The actual average for the last 46 years is 4.1%! As can be seen, the last twenty years have averaged no less than 5.2%. I had no figures for 1995 and 1996 so followed the 2.7% trend of the two prior years, I expect no objections to that.

OK, lets move on, one 1950 dollar is today worth 15 cents, or, conversely one 1950 dollar had the same purchasing power that $6.62 does today. What was gold in 1950? According to the Kitco history of London fixes, $34.72. OK let’s call it $35, I’m not picky. What is 35 x 6.62? Lets call it $232. Gold is now $344 or thereabouts. 232 / 344 = 67.4 % return on a FORTY SIX YEAR INVESTMENT! Remember, 7% compounded doubles in 10 years.

One 1977 dollar is now worth 37 cents. One 1977 dollar buys $2.72 today. Using the low of 1977, and again, I am trying to be kind, higher numbers only make it worse, $127 / .37 = $343.24. Isn’t that just slightly lower than today’s close? Break even in 20 years? When those dollars have depreciated by almost two thirds? I leave the numbers with you. Should anyone like the Excel spreadsheet, e-mail me at rjd@pacbell.net and I will send it to you. Feel free to delve into the formulas to see what mathematical trickery I use. This is the common reference point I mentioned in an earlier post. I have quoted the source of these numbers, if anyone offers different, please do the same.

Auric - ( 01:30 ) - Ah… But you have called my bluff. No way would I take that wager, charity notwithstanding. How about my goal of $335 half a dozen times before $400 once’? I do believe all the metals are due for a substantial move in the next two years. Gold may go for the ride, but silver and the PGMs will lead the way. I am basically bearish on gold in the next few months, to the tune of 1.8 million short @ $348 & 350. I Did 5000 oz from $348 to $338.5 a couple months ago. Wished I had taken $339.5 last week, but my mind was on the PGMs and it happened so quick. There hasn’t been enough of a rally to re-short, so I guess I’m happy I stayed in. I think it was Eldorado who thought I might be trying to convince members of the group to short. I am making no trade recommendations. I am only describing my views. Besides, if we all ganged up, sold the houses and the kids, and put every penny we had into short gold, we wouldn’t make a ripple in the market. That’s why the PGMs are so fun, the market is thin enough to move. Even silver can be bounced around for a few tens of millions, Not gold, the market is too massive. Only the CBs have the power to move the market significantly. Correction, 40 or 50 million American citizens with a like amount of Asian and European nationals could push gold through the roof.

It is precisely these great unwashed masses that are missing from this market. The equities have stolen their hearts and the romance has a ways to go yet. I, with the rest, called for a true correction in the equities when the Dow was 5000, and then 6000. A 10% drop from 7000 and strong recovery has made me a believer. Please don’t take that statement to mean that I will buy into it. These lofty heights make my nose bleed. Hell, I felt more comfortable buying palladium at $204 than I would buying the Dow, NASDAQ, or S & P, at these levels. But, although self contradictory, I too believe the Dow will go to 8K, perhaps even 10K in the next 18 months. We are in the era of irrational exuberance and the sodomites will not come up for air.

The mutual fund market is more than 3 trillion strong, 2 of which came into the market since 1990. How many funds are there now? 7000, 8000? I’ve given up trying to keep track. The funds managers are so flush with cash, and more in pouring in every month. I viewed the 4 - 5 billion per week rise in money markets a year or so ago as a sign that people were getting nervous, converting to cash. Dividend ratios had dipped below 3%, normally a strong signal of a turnaround. What happened next? The Dow broke through 6K. Was that only last October? It’s seems an eternity.

I now wonder if there is a great sell off, where will the cash go? Historically some has always gone to the metals and particularly gold, but gold has lost its allure for the 90s American investor. These people fancy themselves savvy investors for making 30% last year. Believe me, I take calls from these people. They are congratulating themselves on the astute analysis when a blind lemur with dirt on his nose could have pointed out 30% on any financial page. Just invest in the smudges. The refrain of I’m in it for the long term, if it drops I’ll just buy more, can be heard in a great chorus across this land. Will it continue? I think so. Now, we are seeing increased interest in US equities, primarily from Europe, and Hong Kong. The reasons for this have already been addressed by others here, so I will defer.

The Question begs to be asked Where will this money go? Where can it go? There is simply to much $ and not enough investment vehicles. I never thought I would write anything like this. Were I to read these words 5 years ago I would have given a derisive snort and sent the writer away to wipe the hope off those rose colored glasses. Have we reached the day when 70 to 80 times prices to earning is considered normal, healthy? Is this irrational exuberance, or have we moved to a new era? I simply don’t know, we are in uncharted seas. All this weighs heavily on gold, and saps its funding. The longer this exuberance lasts, the more distant the primal tug of gold on the spirits of those that touted its virtues only a decade ago

. We now must speak of the psychology of gold. What is the feeling? Outside of this particular peer group, I mean. I receive calls every day from people who want to buy gold. The first question I ask is always, why? This is not meant to be a challenge, I truly want to know the belief system that compels their call. Apart from the occasional NRA, Republic of Texas ( yes I have sold to even them ) , apocalyptic doomsayers, I hear almost no clear cut or deeply held belief in gold. Oh, I’ve always wanted some, and I thought I might find out about it. Or, well, my dad always believed in gold, and I have some extra cash, so I thought I would buy some. Or, I thought I’d get some gold in case the stock market drops. Are you worried about a drop, I ask. no, but it can’t hurt to have some. I will sell gold for delivery to these and others.

Often I run into investers who wants to make profits in gold. I usually try to point them towards silver or platinum for profits as they almost invariably out perform gold in a rising market. The potential from profits is greater. As I have stated earlier, unless I am selling for delivery - which, if a person owns no gold, I always encourage - I use gold primarily as a short vehicle. In a falling market it’s protection is great, and in a rising market, the gold short looses less than the others gain. Gold is my platinum and silver condom. It protects me, It cradles me, it sings in my ear, and strokes my hair. Gold will hear my deepest thoughts and never, ever hold it against me when I sell it short. The way things have been going lately, its nice to get out sometimes.

Make no mistake I will leverage gold long, but only in a moving market. Why wait in gold when there is movement in silver? Besides a dark and ugly cloud seems to be over gold, and until that lifts, I will not fight it, I will use it.

Last year Central Banks sold more than 1700 metric tons of gold. Some was bank to bank but most was on the open market. Expectations of at least 1000 MTs in 1997 are very real. The longer these sales are held off, the more the market dreads the day they are sure will come. Now we are hearing rumblings about revaluation of gold stores coming from the Germans and Swiss. If the big four in Europe - Germany - France - Switzerland - Great Britain - sell any gold at all, we will see $320 - $325, possibly $300. The Russians are no longer a threat. I believe their gold is gone long ago to raise hard cash. An interesting aside, received on the COMEX last year; platinum with pictures of the Czar on the bars. 80 - 90 year old platinum. Is this the bottom of the barrel, or simply pillaged platinum from ex party members who have set up their various fiefdoms?

What about Bre-X? A very real expectation of 71 million ounces of gold was just taken off the market! Where is the reaction? That should have been good for $20, short term at least

What about the phenomenal rise of palladium, usually the forecaster of things to come. Look for platinum to follow in 4 - 6 weeks, with gold and silver hot on its heels a month or so later. We have seen many runs begin this way. I thought we were onto one in February but it was very anemic and failed completely. The PGMs in the last eight weeks should have roped gold and, willing or not, dragged it to $375 - $380. What did we get? A great short opportunity at $350. Gold is in a coma.

What about the recent drop in the dollar? Metals are dollar dominated what has happened to all that extra buying power? Where is it. Gold is a redheaded stepchild now and will remain so for the next few months.

I expect gold will test recent lows $336 - $338 in the next 3 - 4 weeks. If a small rally comes and fails again at $350, we will see $325. That’s my take on it. perhaps the only bullish factor, other than big equities correction, or further substantial drop in the dollar, is what I believe to be the start of a really sweet run in platinum. I Called for over $500 platinum within the month at$402. We hit $506 in London, but I didn’t get any part of that. Best I did was sell some in the 70s and buy some more in the 50s and 40s. I’m out of palladium for good. Let it go to $300 - it has a very good shot at it - it will go without men. My holdings are down to 500 oz and those will be gone at the next $225.

Gold may catch a ride, but in a market like this, I’ll take the leaders, silver and platinum. The profits are in these and they don’t bite too hard.

I hope this answered some questions for Eldorado. Next: why the western world won’t collapse. Maybe next week sometime.

RJD

June 1997

Let me proclaim now from the mountaintop! Hear me in every bazaar! Hush your restless whispers, be still in the pews, and behold: You are all right! Gold is very undervalued now. It is a great buy! It is even better than many of you realize! You will note that my argument to this point has been that gold has proven to be a very poor buy and hold investment. Gold has been a rubber dinghy with a hole in the bottom. The water leaks in faster than you can bail it out. The weight of all this gold can have you chest deep in a folded yellow boat with the water inexorably inching higher. You will drown holding more than what you consider absolutely necessary for times of disaster ( a very different amount for each person ) .

The key is to not buy gold and hold it. The key is to ( and some of you have probably smelled this coming ) buy gold and sell it!!! Buy low, sell high. Then, either sell short, or wait for a dip and buy it again. If you must own gold, use the profits from your trades to buy your gold. Use your gold to acquire gold. Most of all, don't forget the other metals

Steve Puetz - It's not how much the CBs sell, it's when they choose to sell. I have a firm belief that over $400 is too high for CBs. Only a very powerful rally can break through that barrier for long. Remember the equation they want to sell to the world: SG=SC. Stable gold equals stable currency. This is the mantra these self inflated, megalomaniacal demi-gods chant to themselves every morning just after they kick the dog, and just before they lower steel toed boots on their fellow man. There will be little forgiveness for these wretched souls as they are sure to be the first up against the wall when the revolution comes.


Date: Tue Mar 31 1998 23:35
jonesy (Re. ANOTHER's many voices) ID#251166:
-
Just jumping in here so I don't know if this has already been addressed . . .

It is OBVIOUS that the words of ANOTHER have been stroked through the keyboard by various hands. It is OBVIOUS that different interpreters have imposed their different tones. And it is OBVIOUS that they have all recorded the thoughts of a single speaker. Re-read the guy's stuff! He's been SAYING the same thing the same way since the beginning. You're all smart guys here. You can discern a person's style of thinking, no?

Now be done with this trivial bunk, please! Thank you.

Respectfully, dj

Date: Tue Mar 31 1998 23:34
jonesy (Re. ANOTHER's many voices) ID#251166:
Just jumping in here so I don't know if this has already been addressed . . .

It is OBVIOUS that the words of ANOTHER have been stroked through the keyboard by various hands. It is OBVIOUS that different interpreters have imposed their different tones. And it is OBVIOUS that they have all recorded the thoughts of a single speaker. Re-read the guy's stuff! He's been SAYING the same thing the same way since the beginning. You're all smart guys here. You can discern a person's style of thinking, no?

Now be done with this trivial bunk, please!

Respectfully, dj

Date: Tue Mar 31 1998 23:33
Cmax (@PH in LA (Is that Los Angeles or Louisiana?)) ID#339320:
Copyright © 1998 Cmax/Kitco Inc. All rights reserved


Re: Date: Mon Mar 30 1998 15:42
PH in LA ( POG and ANOTHER's question ) ID#225408:

Yours was a loaded post!
I too had doubted, in the begining, the alleged link of gold
to oil, and spent an entire weekend digging on the web
searchers.

It was I who posted details regarding the Beirut Accord,
and the part implicating the fixation to gold. I found it in
some far off, obscure hole in the net dealing with oil
production.....it would take quite an act to find it again.
The file has since long been erased from my desktop, but it
was there nonetheless. That was proof enough for me.
Case closed.

I believe that you can be VERY sure that the change of the
gold standard, free gold holdings, and Bretton Woods were
all symptoms of the hyper jump in gold and oil price....or
better stated.....devaluation of the dollar against oil. I never
really saw the supposed “oil embargo” as such even
then...... it just looked like good business to me..... and why
the hell should they have kept the same price of oil, if the
US gov was printing bills into infinity and as such had to
take their gold off the market to prevent the ensuing
cabotage? If you think all these events thru, it is all quite
simple. The saudis behaved morally in desiring part of
their payment in gold....the US gov did not, and had a bite
of humble pie in return. At this moment, the US would
have lost ALL their gold reserves within 1 year if they didnt
allow it to float on a free market. Who would want the
paper. I think this is what is about to happen again, as
ANOTHER has recently suggested. Before, the gold
pressures were held against a convertability promise...this
time around the gold prices have been held in check
( temporarily ) by the paper gold market, and the fools who
continue to sell their tangible asset based on a market
( COMEX ) that is WORSE than a fractional reserve
community bank ( something like 35:1 deposit to debt/paper
claim ratio ) To answer your question more directly, YES,
they were all related.

As to the future supplier of oil for the US, I believe that
Venezuela will fill that roll in short order. There are more
reserves here ( most newly discovered, but of lower quality
than the sweet crude found in the ME ) than Iran and Iraq
combined, and the culture is very pro-american. They are
not sofistacated enough to demand gold, as social need and
corruption far outweigh any other bright ideas. The Saudis
will find new allies in the Europeans as proposed by
ANOTHER, maybe even to the point of demanding their
future payments denominated in EURO. But I do not
believe that the EURO will be any more than a political
currency to purchase oil....no way will Italy let Germany
dictate fiscal policy, or France be dictated to by anyone. I
think that if they made a push to price oil in EURO, it
would only be to rub it in the US’s eyes, and only
temporary. If you were a wealthy arab, where would you
rather invest you winfall ( can’t really call the royal family
earnings as “income” ) ....in the arab desert ( not ) , or in
Europe or the US. As much as they like to bash the States,
I think the majority would prefer their offshore investments
( businesses and properties ) closer to where they to play, ( in
the US ) and cash and gold in Switzerland. In dealing with
Venezuela, they don’t have to deal with such
idiosyncrasies, and progressive thinking Anyhow, the US
gov are masters at dealing with corrupt goverments.

As to the Christian Thomas unsecured transmission of the
1000 ton gold transaction, I’d fire him on the spot, if he
worked for me. But the contents is what you would
expect of such an order......the more zeros involved....the
less formal transactions become.
It’s midnight:30 here...organic neuro-net has gone into loop
mode and sensory input is fading fast.
Time to cruise the celestial highways.
Golden dreams to all.
Cmax

Date: Tue Mar 31 1998 23:33
tolerant1 (it is amazing what three) ID#31868:
quarts of tequila can do, perhaps negate would be a better choice of words.

Date: Tue Mar 31 1998 23:28
A.Goose () ID#20134:
Date: Tue Mar 31 1998 21:48
chas ( A Goose ) ID#342282:

If you haven't read this, it is worth a read. Check with arden, he might have a source for historic eligible gold stocks.

http://www.golden-eagle.com/gold_digest/baron929f.html

paste the url and then remove the en from golden- to make it gold-.

Date: Tue Mar 31 1998 23:28
Prometheus (@223) ID#210235:
Copyright © 1998 Prometheus/Kitco Inc. All rights reserved
Thinking about chaos all day, wondering if any effective systems have been devised yet that encompass this development. ( Heard that for 1200 big ones you can see someone's predictions, didn't follow up ) . You know, I know, JTF ( love his little asides ) knows, predictive systems that miss it, well, they will miss. Chaos really MUST be considered. On the really long term, however, let us remember Lorenz on the convection in a cup of hot coffee. Sure, the short term, minute-by-minute movement of the temperature ( as coffee cools ) may be next to impossible to forecast, but we should have little difficulty in forecasting it an hour ahead. Thus Studio.r can reflect with calm security upon his investments in gold.

Do you use theory of complex systems in short-term trading? I always accepted that there was more guesswork than anything after analysis of the technical systems I could find and dissect in the mid-80's, and made up for an inability to predict with careful stops on losses and letting profits run. Primitive but effective. Haven't tried to keep up.

Date: Tue Mar 31 1998 23:26
SDRer__A (Japanese Forex Watcher) ID#286249:
[31MAR98 14:10 JST]
The Nikkei 225 average found very strong resistance around 17,300 level and came under further selling pressure yesterday. It appears that failure to reach 18,000 by the fiscal year-end discouraged market participants. The Nikkei is about to form a double-top pattern as illustrated on the chart. The neckline is lying at the 15,900 level.
The decisive breach of this level would bring the Nikkei down to the December low of 14,488.
http://plaza4.mbn.or.jp/~skoike/top_eng.htm


Date: Tue Mar 31 1998 23:23
Eldorado (@the scene) ID#173274:
Copyright © 1998 Eldorado/Kitco Inc. All rights reserved
ERLE -- Eligibility stocks are at least pseudo real. You may recall the huge runups in palladium and platinum because of stocks, or the lack thereof. And then silver 'cause Buffet was big-time active in purchases. Well, you may also have recalled how all those metals did not go much of anywhere until a crisis point hit. The same might be happening in gold in due time. But let me also add that those 'depleted' stocks also have a way of being refreshed from somewheres at any time. So caution must be the watch-word of the day. Personally, I do watch those kind of numbers, but I'm more apt to be watching THE price numbers going by on the screen, and adjudging what they may be doing in the next day, hour, or minutes.
Coins? Yup. Something that one buys, buries, and forgets until a rainy day might befall us all. In the end, it shouldn't particularly matter what face is on the front. And should the matter of 'confiscation' come up, just consider that jack-boots are apt to attempt to confiscate anything. Plan accordingly.

Date: Tue Mar 31 1998 23:15
EJ (STUDIO.R: you may be right, that all this paper money is no) ID#45173:
substitute for real capital generated by labor. In fact, you sound like my dear old socialist economics professor. My disagreement with him then, and with you now, is that capital generated in equities markets is actually spent to purchase goods produced by stock issuing companies, perhaps leading to a vicious cycle of... growth!
-EJ

Date: Tue Mar 31 1998 23:15
Myrmidon (@ Earl and golddkm) ID#345268:

Gentlemen, this is scary. No wonder why mining stocks are tanking. $60 per hour ( $125K per year ) is too much.

Earl, if it includes equipment, that is a different story. The key thing is salary and benefits. With equipment included I have no problem, but $125K without equipment is awesome.

$3 per hr. included for the next year salary increase is reasonable to assume.

Thank you both, but I am shocked.


Date: Tue Mar 31 1998 23:13
Preacher (Bulldog, Mymiddon, Prometheus, and Selby) ID#225273:
Copyright © 1998 Preacher/Kitco Inc. All rights reserved
Thank you, Bulldog. I do my best.
Mymirddon, there is new management at NA Palladium and they know what they're doing. This mill is now hummin' I think it's just a matter of time before the market realizes it.
Prometheus, I'm supposed to be working tonight. But this is so much fun, I can't stay away. But I don't read all the posts and didn't catch your point about the dogs. Will you be at the show in April?
Selby, yes, let's meet. From what you posted, I thought you were one of the promoters for Cambridge House.
Earl, you are mostly right. But at the conferences, you don't have to listen to the speakers, you can go around and visit with the companies and eat the great food. It's a lot of fun.

The Preacher

Date: Tue Mar 31 1998 23:10
223 (Just because things are chaotic doesn't mean they're not predicatable!) ID#26669:
Buy low, sell high, that's my motto! Or if that doens't work buy low, sell lower and buy a beer. For the student of chaos here is one of my favorite links, reposted for the first time in a couple of months. http://www.students.uiuc.edu/~ag-ho/chaos/chaos.html

Date: Tue Mar 31 1998 23:09
Auric (Myrmidon) ID#255151:

Yep, doesn't make a lot of sense to me either, but neither does this Gold market! If I tried to make sense of everyhing, I'd probably stay up all night. ( Come to think of it, I DO stay up all night...hmmm )

Date: Tue Mar 31 1998 23:08
Earl () ID#227238:
Studio R: A quiet, philosophical, reflection, done of a spring's eve. And done well.

Date: Tue Mar 31 1998 23:08
robnoel__A (Erle/Eldorado...I can't speak for RJ he is a trader,I deal in the physical,Blancard is a good Co.) ID#411112:
Copyright © 1998 robnoel__A/Kitco Inc. All rights reserved

however it is a corporate structure,in order to stay pofitable it has to charge a lot more than 5% on product.....there adds on Rush's show cost a fortune ( trust me ) ...there bullion,and yes foreign gold i.e.Fr.Roosters,Sov's, are what we call lost leaders,they want your name and number so that they can try to sell you high grade rare coins at a later date where the spread is 30%
Some may call this dirty pool,it is no differant than many corporations,they do give good service,they do deliver,which is more than can be said for some.
In LA you can get 501 Levi's in Beverly Hills for $50.00 or you can go to the garment district downtown and pay $25.00..thats why I love America

Date: Tue Mar 31 1998 23:07
RJ (..........) ID#411259:

Prometheus -

It is an unpleasant parrot, with a foul and limited vocabulary. Best left nailed to the perch for now.

Eldo -

You……………. are being clever………..

EJ -

When worlds collide, gold will run in the streets. Count on it.


Date: Tue Mar 31 1998 23:06
SDRer__A (FT April 1 1998) ID#286249:
Japanese 'Big Bang' hits banking sector
Shares in Japan's beleaguered banks fell again yesterday, underlining the severe problems facing the sector as today's Tokyo Big Bang ushers in an era of more open competition.
http://www.ft.com/hippocampus/q438a2.htm

BillD@Oregon Thank you! {:- )

Date: Tue Mar 31 1998 23:05
Myrmidon (@ ERLE) ID#345268:

I see what they have done now with PDLCF, they used the first 2 letters for PD = Palladium. I tried as mentioned earlier to relate it to PLD as palladium. Thanks, good info.

Date: Tue Mar 31 1998 23:05
golddkm (Stillwater Mining...) ID#429270:
Yes, I can elaborate on it. As a matter of fact I was at Platinum
Conference in San Francisco a couple of years ago, and the chief financial officer of Stillwater Mining made the statement that it cost
them $57.00 per hour to put a man in the field. I imagine he knew what
he was talking about; but it shocked me, to say the least! ( I allowed
$3/hour increase for our practically non-existent inflation. )

Date: Tue Mar 31 1998 23:04
EJ (crazytimes: ever read Toffler?) ID#45173:
Copyright © 1998 EJ/Kitco Inc. All rights reserved
The basic thesis is that WWII resulted from a clash of agrarian and industrial powers ( the American Civil War was the first of this type of conflict, a clash between the industrial north and agrarian south ) and that the next world war will take place among information age and industrial age/agrarian age powers as an out-of-balance world power structure struggles for equilibrium. The Gulf War was the first of these conflicts. Future conflicts are shaping up between USA+WesternEurope+Japan vs China+EasternEurope+MiddleEast. The latter block has lots of humans and oil. The former has the technological advantage that was proven in the Gulf War to be critical. Look for industrial age/agrarian powers to fight using old technology ( read: terrorism ) while information age powers fight with comms, control, delivery, surveilance, etc. Look for it to start where you least expect it: the generation of Germans now getting into power who do not feel they owe anything to the EEC and want to determine their own destiny, post-communist China where domination of Asia evolves into manifest destiny among a growing power elite ( Taiwan's next ) , and Russia. An info age/industrial age battle along ethnic regionalist/religious/nationalist/racist and technological liberal democracy fault lines.

Pretty good stuff, huh?

Date: Tue Mar 31 1998 23:03
Earl () ID#227238:
Myrmidon: Earlier, someone posted a site that has SWC's 10k filing. Among other things, they ( SWC ) emphasized their drive to achieve greater mechanization. In another section they expressed their concern for finding adequate labor, skilled in hard rock mining. At the same time admitting to wooing them from the gold mining industry. The labor cost of $60/hr is probably accurate with bennies, work comp, equipment and etc.

Date: Tue Mar 31 1998 23:03
STUDIO.R (@Gold is obsolete....useless?) ID#288369:
Copyright © 1998 STUDIO.R/Kitco Inc. All rights reserved
Without moving, at this moment, I feel its presence in my mouth...without it, this evening my dinner would have needed to be gerber-ized so that I might eat it. My lovely wife over there on the couch has it on her finger, as do I, it serves as wonderful reminders of our permanent, enduring commitment to each other. My computer probably has several hundred connections which are coated with this non-corrosive, conductive metal. The t.v. has it in it, my eyeglasses have it on them...hell, I even have art pieces with brilliant golden parts that I can enjoy from this vantage where I sit. That's just a start.

Perhaps another question of worth and use might have relevance in this futile quest to gain truth from those that would sooth-say...of what use or value will a piece of paper or a bit of data have that proclaims the bearer owns an infinitesimal fraction of a single percentage point of the equity of a company whose product may be obsolete or popularly useless a short time from now? As for a store of value, why trust the paper or the words or the golden seal that embosses and authenticates it?

Gold has been a constant store of value throughout my life, my parents lifetime...all of modern man's lifetime. Gold has its uses, in fact, its uses far outstrip it's annual production; and this gap increases each year. Paper has use....I read it in the morning and throw it in the trash ( actually the recycle bin ) ....data has use...I read it and then wipe it from my drive.

Never has the pricing applied to the use of equities been so far out of line with the pricing of the use of tangible, hard assets. Probably, a result of the information explosion...24 hour equity sideshows on cable, computer trading and such. Everybody....twelve-year old kids, ninety-three year old retired cooks, and everyone in-between, thinking they know how to make a profit without working....without creating....ohmy! ( EB )

This great equity party, the greatest gamble of all time, will soon end and then we must return to the simple process of creation.

Date: Tue Mar 31 1998 23:01
ERLE (@myrmidon ,Pd is symbol on periodic chart) ID#190411:
E.H.

Date: Tue Mar 31 1998 22:58
SDRer__A (The NEW type of Mining Conference--) ID#286249:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
March '98
MIGA is organizing the Global Mining Investment Opportunities Symposium
which will be held in Montreal on May 4-6, 1998. This event is being held in conjunction with the Centennial Celebration of the Canadian Institute of Mining, Metallurgy and Petroleum ( CIM ) . Senior public and private sector officials from over 60 countries have been invited to participate in the MIGA symposium. Over 8,000 mining industry representatives are expected to attend the CIM/CMMI/MIGA conference sessions and exhibition.
http://www.miga.org

What to invest someplace scary? Miga will protect you--your friendly,
neighborHOOD World Bank at work.

Through its guarantee program, MIGA provides investment guarantees against certain non-commercial risks ( i.e., political risk insurance ) to foreign investors in developing member countries. The program is designed to complement national and private investment insurance schemes.

Currency Transfer
Expropriation
Breach of Contract
War and Civil Disturbance


Date: Tue Mar 31 1998 22:57
a.j. (LGB: As to gold being, having been or gonna be a good investment-it would depend on the ) ID#257136:
Copyright © 1998 a.j./Kitco Inc. All rights reserved
individual's definition of investment. In my time , silver has been one of my more fortunate investments. At about 5.02-5.15 an oz I bought a little over a thousand ounces in 1978-not for any gains, but as a hedge against disaster.
Derned if the Hunt boys didn't come along and promote disaster. I was able to get out before it fell below 48.00.
Sheer luck, believe me, as it was not intentional on my part.
My point-not all investments per se are for profit. Many are for insurance. Hedging is definitely an investment, with no real hope of gain. Merely the desire to protect another investment which could go badly.
Just as we have oil and maybe a few commodities options or futures, we would like to but do not expect to gain on all of them. Merely to cover movements in markets.
Any time one has put one's fortune in any type of endeavor, it IS an investment. When I started buying the P.M.s again about five years ago, it was for the rainy days which I was and am sure will come only too soon.
The price for numismatic coins then was quite high.
I see people, I believe you included, quoting prices mearly identical to what I paid when gold was a lot higher. So I paid more than I would have today! If the market had gone the other way or if some calamity had befallen, I'd have been covered. No profit, but an investment nonetheless ¿ Sabe usted?

Date: Tue Mar 31 1998 22:57
Auric (SDR) ID#255151:

I am shocked, SHOCKED to find there is corruption and incompetence in Washington D.C. Makes ya feel good about sending in your money to the Feds. Yes?

Date: Tue Mar 31 1998 22:57
ERLE (@eldorado) ID#190411:
As a dope on this forum, who usually just listens, I have to wonder whether all this talk about comex eligable is so much arithmetic exercise. Why worry about eligables if you could buy these seemingly large quantities of coins from the source at a tiny premium to melt? There was a quote relayed today of 319.2287/oz in coin of pre WW1. That's dealer to customer. Approx six pct. What do the original suppliers get?
Seems bearish to me for dopes as me who buy some physical. F*, What do you know?

Date: Tue Mar 31 1998 22:56
crazytimes (All of Asia is in the red except Thailand) ID#342376:
.

Date: Tue Mar 31 1998 22:54
bulldog (Preacher) ID#78136:
appreciate your ananlysis as usual. Thanks

Date: Tue Mar 31 1998 22:53
Myrmidon (@ golddkm. It costs $60 per hour to put a miner to work?) ID#345268:

This is important info. Can you or anyone else enlarge on this?

This works out to $125,000 per year ( I understand with benefits etc. ) but this seems high. If this figure is true, lets go South African.

Date: Tue Mar 31 1998 22:48
Earl () ID#227238:
Selby: I see your point. Perhaps Preacher will be so kind as to do rough head count. It could be done as simply as gaging those who present, well attired, vs those with vacant stares and holes in their socks. Eh?

Date: Tue Mar 31 1998 22:46
Sojourn (Agnico Eagle on the TSE, Nasdaq, also a US$ convertible debenture) ID#28961:

Volume has been increasing on the stock. It has been underperforming the other golds of late. Looks like the spring is getting wound pretty tight. On a break-out the stock should get to the 11-13 range Cdn.

Date: Tue Mar 31 1998 22:45
Myrmidon (@ Earl on SWC) ID#345268:

Put a stop at $24 3/8 and let the market make your decisions.
Short term trading is not so easy.
Good luck.

Date: Tue Mar 31 1998 22:42
Myrmidon (@ Auric) ID#345268:

My problem with PDLCF was that I was typing PLDCF, the PLD implying Palladium abreviated. I had forgotten the symbol and PLDCF got me no place.

But please give me your honest opinion: Doesn't PLD make more sense for Palladium? Why did they choose a screwy name such as PDL which makes no sense?

Date: Tue Mar 31 1998 22:41
Earl (Interim harvest?) ID#227238:
Myrmidon: As well, I have been agonizing over whether to harvest some SWC. Each time I reach for the phone, I look at the charts - one more time. In short, I would do it too - except - the monthly looks so damn good and the stock is making new 52 week highs. ....... I really do hope yer wrong.

Date: Tue Mar 31 1998 22:41
golddkm (PDLCF and Stillwater Mining...) ID#429270:
Copyright © 1998 golddkm/Kitco Inc. All rights reserved
PDLCF North American Palladium trades on the Nasdaq small cap market.

Stillwater Mining is tempting to sell, and a great trading vehicle, but

it has tremendous compression, and extremely positive momentum, and I

agree with Dines, who says it looks like a candidate to hold for a couple

of years. I remember saying that in a post several months ago about,

Coeur d'Alene, and lo and behold, then came Buffett, and it blasted off.

Stillwater's biggest problem is it's a mine in the United States, where

it now cost $60/hour to put a miner to work.

Date: Tue Mar 31 1998 22:40
Selby (Is a Sign not a Cause) ID#286230:
Earl: It's not the travelling troop of gurus that counts its the audience and how they react. If its the guys who never owned gold or silver before and they leave the place wide eyed and in a sweat looking for the nearest Bank of Nova Scotia then I think its finally time to start buying. If it is an audience of wise and experienced goldbugs then get all the coffee and free food you can and call it a day.

Date: Tue Mar 31 1998 22:38
SDRer__A (Remember US balanced budget?) ID#286249:
Well, MSNBC just announced that 1.6 trillion
( that is T, as in Trouble ) can NOT be accounted for--

Date: Tue Mar 31 1998 22:38
Eldorado (@the scene) ID#173274:
ERLE -- Beats me why. Perhaps Robnoel and/or RJ, or someone else might help out. Maybe it's for lack of much of anything else to put on the table. Perhaps it's 'cause someone else can, at least temporarily, make better use of some 'money'. Perhaps someone knows something we don't.

Date: Tue Mar 31 1998 22:38
223 (SWC) ID#26669:
Copyright © 1998 223/Kitco Inc. All rights reserved
Methinks I'll hang on for a while to SWC. For me at least the steady production of US based PGMs provides an important mode of diversification in a PM portfolio otherwise too heavily tilted toward South African and Canadian gold stocks, SSC ( which I continue to love despite its warts ) and a closed end Canadian gold depository fund. But then my style is to buy and hold winners squeezing them for every nickle, and dump losers early and I was just lucky to buy SWC when its volume was nearly zilch and its price was less than 16.

( All you children out there, don't try this at home. These tricks are all done by a professional clown and could be very dangerous if not done with the right equipment, particularly the safety net. )

Date: Tue Mar 31 1998 22:36
Myrmidon (@ Auric) ID#345268:

Thanks, I found it on Yahoo and trades at 1 3/4. Thanks again.

Date: Tue Mar 31 1998 22:35
Earl (Them ain't Another. Them is Them.) ID#227238:
Copyright © 1998 Earl/Kitco Inc. All rights reserved
Preacher/Selby: The play card appears to be the usual Blanchard lineup with a few PM/Resource peddlers missing. I attended one of Them in the fall of '95 and as I recall, not one speaker had a clue regarding subsequent events. In fact the only guy with his stuff wired tightly together was a general equities guy whose calls were dead on. ..... but then I suppose he is still singing the same tune as well.

You may have questions but they don't have answers. What they do have is mucho preachin' to the choir ( no jab intended, Preacher ) . Exactly what we can get right here, everyday, at Bart's Bonanza. With no more effort than a point and click.

Date: Tue Mar 31 1998 22:35
crazytimes (@ EJ and negative consequences) ID#342376:
Copyright © 1998 crazytimes/Kitco Inc. All rights reserved
There is a unique dymnamic that occurs with some but not all Goldbugs. It's why I like this forum for reasons other than just gold. Gold thrives is chaos and I see much ahead for the planet. I'm optimistic in the long run that something better will come out of it. ( Chaos Theory and all of that ) but the interim is going to be a bitch. Man ( or Women ) is no more evil than he or she ever was, but it is the instrument of evil that has grown exponentially ( aspects of technology ) while spiritual developement has lagged behind. I think that's the crux of why the s#*t is going to hit the fan. It's hard to reconcile the fact possibly making alot of money while the world goes to hell in a handbag.

Date: Tue Mar 31 1998 22:33
ERLE (@Eldorado) ID#190411:
O.K., why are these coins on the market now? And, according to a source today, at less than 10% over spot. They don't make 'em anymore. What entity is selling the 20 Franc coins? If it is a CB why don't they try to recover seignorage? ( sp? )

Date: Tue Mar 31 1998 22:33
Prometheus (@Preacher) ID#210235:
Got my own hotel reservations for April 18. Unfortunately not for the really big show. ( Perhaps they can exhume Ed Sullivan to MC it, and glue him to the back of one of my dogs, too. ) I hope that you take notes at this conference, and share them with us!

Date: Tue Mar 31 1998 22:31
Selby () ID#286230:
The Preacher: Ok If I am free and get there perhaps we will meet.

Date: Tue Mar 31 1998 22:31
Auric (Myrmidon) ID#255151:

North American Palladium NASDAQ PDLCF http://quote.yahoo.com/q?s=PDLCF&d=t

Date: Tue Mar 31 1998 22:31
Selby () ID#286230:
Eldoado: I have said they same thing for 2 years and if you can't read it straight please continue confused.

Date: Tue Mar 31 1998 22:28
Prometheus (@RJ) ID#210235:
Let's glue the parrot to the back of one of my dogs. Then he'll look real lively.


Date: Tue Mar 31 1998 22:22
robnoel__A (RJ,sent u EMail using Webtv,the reason for Japans red ink) ID#411112:

http://www.tampabayonline.net/news/news1017.htm

Date: Tue Mar 31 1998 22:21
SWP1 (I guess we're all going to owe F* a percentage!) ID#233199:


Date: Tue Mar 31 1998 22:21
Eldorado (@the scene) ID#173274:
RJ -- Or perhaps that parrot is waiting for some plucked feathers to grow back. That, or he's waiting on his 'Atlas' rocket engine to be delivered.

Date: Tue Mar 31 1998 22:18
Myrmidon (@ Preacher) ID#345268:

I have searched all over to find a quote on N. Am. Palladium with no success. Where is it trading and what is the exact ticker symbol to place a trade?

I took your advise to sell SWC. To be honest I had made my mind 80% to sell before your post. We may reenter at lower prices ( rube and I ) because I do not know if you sold it.

FARFEL, You have managed to change the perception, Go IDCIBM !

Date: Tue Mar 31 1998 22:14
Preacher (Error!) ID#225273:
Excuse me,

At North American Palladium, they are not million 2,900 tons per day. The are milling 2,900 tons per day.

It could come out to over 90,000 ounces this year as opposed to last year's 54,000 or so.

The Preacher

Date: Tue Mar 31 1998 22:13
chas (Haggis re Aussie Mng & Expl) ID#342282:
I'm sitting here lubricating my arthritis and going thru your ton of info. Brings back a lot of memories. My buddy, Lester Golightly, and I have covered a lot of ground. He's a quartz vein man. Has a place with a portion of a 30+ mile long vein producing. He's a loner, except for me, and he got me out of a hole one night. 70' down and a bad rope. He's 80 and still going, better than I am. This is to say you remind me of him. I'm sure you're not 80, but you must be tough as whitleather. Keep it coming. Thanx Charlie

Date: Tue Mar 31 1998 22:11
Eldorado (@the scene) ID#173274:
ERLE -- OR, perhpas the better question is, WHY?

Date: Tue Mar 31 1998 22:10
farfel (@MYRMIDON...Wisdom resides deep within you...) ID#340302:
...and OLD GOLD has taught me much too...

The wisdom and experience of time...the best teachers.

I sit at your feet and learn each and every day.

F*

Date: Tue Mar 31 1998 22:10
Preacher (SWC) ID#225273:
Copyright © 1998 Preacher/Kitco Inc. All rights reserved
Guys,

I suggested selling SWC last night. Uh, sorry about that. Let me say that you might still get it cheaper. But have you considered putting your profits into North American Palladium. My reports tell me things are really turning around up there.
They are million 2,900 tons per day which is producing about 8,000 ounces of palladium per month. This will produce a huge increase over last year's production. As soon as some numbers come out and investors understand that this is new management with a new program that working beautifully, this baby's going to soar.

The Preacher

PS. -- I plan on buying tomorrow morning or soon thereafter.

Date: Tue Mar 31 1998 22:07
EJ (RJ: do agree with me and crazytimes...) ID#45173:
...one more fling for gold when the world's collide?

Date: Tue Mar 31 1998 22:07
ERLE (Where are those coins from?) ID#190411:
I see that there are large numbers of old European and lately Argentine coins on the market at sort of bullion prices. From whence they came?

Date: Tue Mar 31 1998 22:06
Preacher (Selby) ID#225273:
I've got my plane tickes and hotel reservations. I'll be in Toronto on April 18. Everyone should do likewise that can.

The Preacher

Date: Tue Mar 31 1998 22:04
Myrmidon (@ rube on SWC) ID#345268:

So you got out of SWC. I did also at $24 3/4 early morning and kick myself for not waiting until the afternoon. On the other hand, you never go broke by taking a profit even if it is only 1 point in 2 trading days.

Then took 10% of the SWC money and got more MDG which was down 3/8 points.
You see I follow Farfel's advice, the IDCIBM ... you know !!!

Date: Tue Mar 31 1998 22:04
Preacher (Market Comments) ID#225273:
Copyright © 1998 Preacher/Kitco Inc. All rights reserved
To all:

Gold rose $1.80 in March and the stochastics on its monthly chart
have flashed a buy signal. It has hung above its 100-day MA for
seven days in a row, a two-year record. It still needs some
explosive action to clear its 200-day MA at $309 or face a
renewed period of basing.
I favor the explosive upside move as the most probable. By
Friday we should know a lot more than at the moment.

The XAU rose 6.20 points in March, which is proportionately more
than gold. There's no buy signal on the monthly stochastics. The
pullback from the first try at the 200-day MA has been quite
modest so far. Barring a sharp decline tomorrow, I look for the
XAU to mount a second and a successful attempt at breaking
through the 200-day.

Silver gained 1 cent in March. It remains above both its 100-day
and 200-day MAs which are now moving higher. I think a new bull
market in silver is here. The explosive action of Jan/Feb was
too much too soon. But I think it served notice of what is to
come.
Over the short term, I favor the odds of it going higher before
it goes lower.

Coeur d'Alene remains above both its major MAs. The 100-day has
now turned upward and the 200-day is either very close to doing
so or has slightly done so already. The huge unfilled gap on the
daily chart tells me CDE is going much higher. It was up $1.44
in March.

Barrick moved $2.31 higher in March. It too remains above both
of its major MAs. The 100-day has turned upward while the 200-
day is still moving slightly lower, but turning. The stochastics
on the monthly chart are close to giving a buy signal, but not
yet. This one looks like its going higher to me.

The U.S. dollar index moved up 1.62 points in March. My chart
goes back to 1992. This is the highest monthly close since that
time. Today's action surpassed the Jan 5 high by 1 tick before
pulling back. I would guess that was only to round out the
monthly chart. The August 1997 high was 101.79. The high today
was 101.69. It's not far away and looks like it wants to go much
higher. Will gold and the dollar move higher in tandem? We'll
find out.

The Dow rose 254 points in March, a new all-time high monthly
close. Both major MAs are rising. The stochastics on the
monthly chart have been overbought since 1995. Wow! That's
impressive. Trees don't grow to the sky, but the Dow tree has
come close. It looks like it's going higher from here.

Platinum rose $24.90 in March. The stochastics on the monthly
chart have turned upward. The price has bumped up against its
two-year downtrend line. But it sure looks to me like it wants
to take that out. The price is above both major MAs and both are
now moving up. The one fly in the ointment is that the 100-day
is still below the 200-day. I think this market will rise from
here during the next month.

Happy trading,

The Preacher

Date: Tue Mar 31 1998 22:03
Eldorado (@the scene) ID#173274:
Selby -- Re, your 21:53; Fine. Then quit saying the big one won't begin 'till the 'man-on-the-street' is aboard. He'll only be aboard for the very last aspect of it, when everyone who is sane is liquidating to him.

Date: Tue Mar 31 1998 22:00
EJ (crazytimes, Gianni, BillD) ID#45173:
crazytimes, let's hope the last fling for gold is not too wild or the resulting big increase in the value of our gold will be little compensation for negative consequences.

Gianni, I had lost all respect for Bill. He's the Pres of the U.S. and the best he can do is Monica? Kennedy got Monroe. Sheesh. Miss America. Now that's more like it. Confidence restored.

BillD: eat me.

Date: Tue Mar 31 1998 21:58
RJ (..... EJ .....) ID#411259:

Gold today reminds me of The Parrot Sketch from Monty Python,

Its just restin'.

Or maybe stunned.

Or maybe just nailed to the perch.


Date: Tue Mar 31 1998 21:56
Eldorado (@the scene) ID#173274:
Selby -- Personally, I do not think THEM coming will have much to do with moves in the metals. Never has, never will.

Date: Tue Mar 31 1998 21:55
Gianni (robnoel, A kinder and gentler IRS(S)) ID#384350:
Nothing to worry about a misplaced zero. Didn't you hear? The IRS is taking manners courses. Now they say May I and Thank You when they take your teeth.

Date: Tue Mar 31 1998 21:53
Selby () ID#286230:
Eldorado: That is exactly what I have been saying here for about 2 years. I have no idea why you seem to think otherwise. Go back to June 1996 and I was saying exactly that here and repeating it often.

Date: Tue Mar 31 1998 21:51
chas (BILLD ME action) ID#342282:
You got a point. Will be in touch. Don't forget- till further notice I have incoming email ok, but outgoing is shot. Thanx, Charlie

Date: Tue Mar 31 1998 21:48
Eldorado (@the scene) ID#173274:
Selby -- You still do not seem to get it. It is NOT the man-on-the-street that starts a major rally underway. There WILL be major players involved. The little guy won't take notice 'till the major gains are past-tense and they are climbing in at/near the top and congratulating themselves on their wise and timely purchase.

Date: Tue Mar 31 1998 21:48
chas (A Goose) ID#342282:
Thanx Goose, I'll work on it

Date: Tue Mar 31 1998 21:47
Selby () ID#286230:
Copyright © 1998 Selby/Kitco Inc. All rights reserved
Eldorado: A friend sent me the following just now. THEY are coming here
They have been gone--or atleast forgotten--for about 2 decades and they are coming back in a group--without the sisters and the silver plates-- But is is THEM.


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They have been gone--or atleast forgotten--for about 2 decades and they are coming back in a group--without the sisters and the silver plates-- But is is THEM.

Date: Tue Mar 31 1998 21:47
RJ (..... APH .....) ID#411259:

You are too modest.

You have a keen eye, and a businesslike approach I admire.You will not loose on your longs, and you have greater courage than I in shorting silver in the first place. Thanks for the posts. You have improved this forum with your presence.

OK


Date: Tue Mar 31 1998 21:47
Isure (Constantly Amazed) ID#368244:

I try to be silent, but my thoughts are like knifes, as I listen to the ramblings of educated idiots.

Date: Tue Mar 31 1998 21:46
Flash (Insiders have been selling off stocks) ID#301318:
http://www.pathfinder.com/money/moneydaily/latest/index.html

Date: Tue Mar 31 1998 21:45
robnoel__A (Gianne,same report also found the DOD had lost a few weapons of importance,I wonder if I left out ) ID#411112:

a zero on my tax return,nothing to worry about right?

Date: Tue Mar 31 1998 21:44
BillD (EJ and Crazytimes...Gold is Dead (or dying)) ID#261269:
That's what they said 5500 years ago...I know I was there...I have it on Video....Must be true!

Date: Tue Mar 31 1998 21:44
Gianni (Clinton scored) ID#384350:
chalk another one up for the precedent erect.

Some 2 bit actress former miss amerika says she slept with BJ Klinton 15 years ago.

Date: Tue Mar 31 1998 21:43
EJ (RJ: Investment consultant line on gold fund investment) ID#45173:
Copyright © 1998 EJ/Kitco Inc. All rights reserved
I thought you'd enjoy the response I got from a investor consultant, relates to your post about funds and gold in general:

Here's the question: gold is hovering around an 18 year
low. The stock market is at an all-time high. To the
extent that one is a contrary of the other, gold looks like
a good bet long term. I hate mutual funds because I feel
I'm generally a better judge of companies that fund
managers. Plus they have an inflow incentive while I
have a profit incentive. Still, I don't know squat about
mining companies, and in the aftermath of the BreX
fiasco I feel even the experts can be fooled. So I'll go
with a fund to cut risk via diversification. But which
one? What do you think of FSAGX? Your advice is much
appreciated.

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Topic:
Which fund for gold? ( 2 of 4 ) , Read 21 times
Conf:
Ask x
From:
name witheld
Date:
Tuesday, March 31, 1998 08:34 AM


The Fidelity fund you mentioned look just too expensive.
With a 3% load and a 1.4% annual management fee.

Here is my take on gold in general. Unlike virtually
every other metal, we don't really need gold. It's not
really an industrial metal of any kind. It's in the past
been considered a store of wealth. It's possible ( this
isn't a prediction but certainly a possibility ) that gold is
no longer considered to be such a store of wealth. If
that's the case, you could be waiting for gold to rise for
many, many years and be very disappointed. I'd
suggest silver but it's already had a good run thanks to
Mr. Buffett. Something to think about anyway.

If you really want to buy gold, I'd suggest looking into
something called BGR Precious Metals. It's a closed
end fund that trades on the Toronto exchange. The
thing about it is that it trades at a 24% discount to
NAV. You might make some money just in the
shrinking of the premium if nothing else. I've not
researched this one, so don't take it as a table pounding
buy, just an idea.

You can also look at industrial metals such as copper,
which has also been hammered but IS needed by the
world.



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Topic:
Which fund for gold? ( 3 of 4 ) , Read 21 times
Conf:
Ask x
From:
EJ ( ej@mediaone.net )
Date:
Tuesday, March 31, 1998 09:29 AM


I know the idea of gold as a store of
wealth is archaic in the context of our fiat monetary
system. To the extent that a lot of individuals and
governments still see gold as a hedge against falling
equity and asset values, gold historically rises in the
face of political or economic downturns, the kind of
events that will depress prices of some of the other
commodities you are suggesting as an alternative. Of
course, no one can predict when a downturn will
happen, although it's reasonable to suppose that after
10 years of more or less continuous equity and debt
expansion, one will occur in the next few years, the
timeframe for my gold hedge investment. Thx again.

Date: Tue Mar 31 1998 21:41
RJ (..... Indeedy .....) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

Vronsky -

You speak, what? Five, six languages? How do you do it? Damn foreigners have a different word for everything.

Been spending some time listening to the collected speeches, interviews, and asides of Winston Churchill, probably the master orator of the 20th Century. Although I have read these words many times, it is only in hearing the spoken word that one can complete the picture. I never truly understood Hunter Thompson, who I consider the finest writer of this generation, until I heard him speak. That whiskey addled Kentucky mumbling, more tangent that substance, gave me insight into how his words ended up on paper.

There is a cadence…. A staccato rhythm which accompanies speech, that only the finest writers have ever put upon paper. Think of the Bard. Were his words ever so alive as when spoken by Sir Olivier?

I think many misunderstandings, many hurts, would be unvisited here, were we all in the same room talking. Either that, or we would all quickly come to blows. Seems a reflective microcosm, yes?


Date: Tue Mar 31 1998 21:39
Selby () ID#286230:
Eldorado: If you do it right the man on the street will buy what you have to sell when he wants it. Until then its just complaints about the CB's, searching out conspiracies, wisdom learned at grandad's knee and ---locally--- participating in the biggest joke of the last bit of the century. Only reason to look up is the rich folks are starting to sell stocks. Now when the gurus appear in the mailbox along with sliver plates from the Franklin mint and the guru sisters see 3000 again --buy

Date: Tue Mar 31 1998 21:38
OLD GOLD ($550 by August) ID#238295:
Ray: Sure hope your friend is right, but best not to count chickens before they hatch. If he is on target some loud mouthed shorts on this forum will be taught a lesson they will never forget.

Date: Tue Mar 31 1998 21:37
crazytimes (@ EJ 21:24) ID#342376:
A brilliant post. Sad but true. I also think that the Gold Bull has but one life left in it. It will be a beauty though. Like a supernova, a star exploding, but onwards to extinction........

Date: Tue Mar 31 1998 21:36
panda (Information as money?) ID#30116:
Copyright © 1998 panda/Kitco Inc. All rights reserved
For those of you who believe that the 'new money' is information... Don't give up your gold, cash, or credit lines..........

The princple reason for gold as money, as has been said many times before, is that no one can be trusted with the 'creation' of money. Thus, we need something that is rare, but not so rare as to be usless as a medium of exchange, and cannot be created by humans. It's the 'honesty problem', you know. :- ) )

So, when the paper currencies take the rightfull place in history, again, something old will be needed to restore faith and confidence so the game can start anew.

Date: Tue Mar 31 1998 21:36
BillD (EJ.....You are on the Wrong Forum....try the) ID#261269:
PSYCHOBABBLE FORUM!!

Date: Tue Mar 31 1998 21:34
Gianni (US administration fails audit) ID#384350:
Financial Times says, In the first audit of all US govt operations, the GAO found HUNDREDS OF BILLIONS of assets that could not be accounted for.

And they put the Helmsleys in jail because their accountant wrote off a swimming pool as a business expense?

Stop the madness!

Date: Tue Mar 31 1998 21:33
APH (Silver Trade) ID#254201:
Copyright © 1998 APH/Kitco Inc. All rights reserved
RJ - I don't have the highest level of confidence in this trade as of yet. It stopped right on one of my hourly and daily chart lines; the line increases at a rate of 15 cents a day. Tomorrow it's at 6.39, if that line is broken this week it could lead to a quick 50-cent drop. In any event with a 15-cent lead I'm not going to lose any money. For me it's pretty typical to be in and out a few times before getting it right. A few singles, a double, a couple ground outs and then bang a home run. It's all a big game and if someone has some luck and a little skill maybe they'll make to the majors, but getting though the minors is tough and expensive.

Date: Tue Mar 31 1998 21:30
fiveliter (Damn Sig File broke apart when I posted-doh!) ID#341312:
Oh, yeah, also Y2k's going to send the PM's to the moon. When all that fleeeing digital currency tries to become tangible... ;- )

Date: Tue Mar 31 1998 21:28
A.Goose () ID#20135:
Date: Tue Mar 31 1998 21:07
chas ( A Goose ) ID#342282:

Sorry, I just started following these numbers closely very recently ( a little over a month ) . i think Arden may have more data. Maybe he can help. I go in every night ( when its available free ) a grad the daily data from futurescource. If I get lucky I will get the data to you.

Arden, Realistic, and Silverbaron are the ones I remember being most interested in comex numbers.

Date: Tue Mar 31 1998 21:28
BillD (@SDRer_A ... Middle East action...) ID#261269:
Copyright © 1998 BillD/Kitco Inc. All rights reserved
This report confirms the US's role being diminished in the middle east.. Credits to Stratford Systems...address at the end of the article..

Global Intelligence Update
Red Alert
April 1, 1998

Arab Mini-Summit Planned to Address Stalled Peace Process

The foreign ministers of Egypt, Syria, and Saudi Arabia on Tuesday
completed two days of talks in Riyadh, aimed at shaping a coordinated
response to the stalled Middle East peace process. The surprise meeting
was prompted by recent failed attempts by representatives of the United
States, United Kingdom, European Union, and United Nations to breathe life
into the Palestinian-Israeli dialogue. Egyptian Foreign Minister Amr
Moussa reportedly briefed Syria's Farouq al-Sharaa and Saudi Arabia's Saud
al-Faisal on talks held Monday between US envoy Dennis Ross and Egyptian
leaders. The three also met with Lebanese Prime Minister Rafiq al-Hariri,
who unexpectedly arrived in Riyadh on Monday. Coincidentally with the
Riyadh meeting, Egyptian President Hosni Mubarak telephoned Jordan's King
Hussein on Monday night to discuss recent developments in the peace
process. According to diplomatic sources in Riyadh, the three foreign
ministers agreed to hold a mini-summit of Arab leaders in Cairo next month,
to include Egypt, Syria, Saudi Arabia, Lebanon, Jordan, the Palestinian
National Authority, and Morocco.

With the United States clearly unwilling or unable to pressure the
Netanyahu regime into making concessions necessary to restart the peace
process, Washington's Arab allies have joined with more hard-line Arab
leaders and resolved to take matters into their own hands. Washington is
being shoved aside as ineffective as the Arab states attempt to shape a
regional response to the issue. This not only threatens to complicate the
situation by increasing the number of players and turning it back into a
confrontational pan-Arab versus Israeli issue, but also lays the groundwork
for pan-Arab cooperation in other realms, including the Persian Gulf.
Indeed, one of the central features of the region in recent months has been
the emergence of an assertive Iran seeking closer ties to Arab countries.

A central feature of Tehran's agenda has been the call for a regional
security framework for dealing with crises without American or European
involvement. Iran has charged that Middle Eastern problems should face a
Middle Eastern response, and has gone as far as to say that, had Arabs and
Iranians cooperated to confront Iraq, there would have been no need for an
American military presence in the region. Iran has also led calls lately
for regional action against weapons of mass destruction, a idea that could
just as easily be applied to Iraq as to the stated offender, Israel.

As we reported on February 25, the abrupt conclusion of the latest US-Iraqi
confrontation over UN arms inspections set off a sudden flurry of
diplomatic initiatives throughout the Middle East.
( http://www.stratfor.com/services/gintel/region/stories/022598.html>http://www.stratfor.com/services/gintel/region/stories/022598.html )
Diplomatic efforts continue unabated, with Saudi Arabia drawing ever closer
to Iran, and Egypt moving closer to Syria, with both Riyadh and Cairo
pulling away from their American moorings. With Washington appearing
increasingly impotent in the region, the stage is set for Arab-Iranian
coordination and cooperation on security issues, with possible support from
the Russians and maybe the French. Three questions remain: Has Washington
completely lost control of Middle Eastern events? Can it regain control?
And how far will this new regional cooperation extend?

___________________________________________________

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

STRATFOR Systems, Inc.
3301 Northland Drive, Suite 500
Austin, TX 78731-4939
Phone: 512-454-3626
Fax: 512-454-1614
Internet: http://www.stratfor.com/
Email: info@stratfor.com


Date: Tue Mar 31 1998 21:27
fiveliter (Retired Soldier-Rightime) ID#341312:
Copyright © 1998 fiveliter/Kitco Inc. All rights reserved
I've had Rightime's test2000.exe file for sometime now but haven't bought their y2kPCPRO program yet. On my machine, generic pentium-100hz w/32meg and Win3.1 on baby-AT style motherboard, I get a bios error on the rollover that the program can fix. The 02-29-2000 date is already not a problem. One thing, though, that you may or may not be aware of. The Rightime program can make your bios, rtc, and operating system compliant ( most recent OS's already are ) but I doubt very much that it will correct any of your programs ( if any ) that need fixing. Fortunately for stock unmodified, widely sold programs the software companies will provide upgrades, or at least I hope. Probably free ones to keep the lawyers at bay! If only the problem were so easy to solve for all the companies with millions of lines of customized legacy code with ( sometimes ) no source code or documentation, lack of direction from management, and oops, got find all those embedded chips in the equipment on the shop floor. I know they're around here somewhere...

____
----- \___/_||_\_____
----- | 5.0 \
___________\- ( ) ------ ( ) -/__________


Date: Tue Mar 31 1998 21:27
Eldorado (@the scene) ID#173274:
Myrmidon -- Globex.

Date: Tue Mar 31 1998 21:24
EJ (Dear fellow Goldbugs) ID#45173:
Copyright © 1998 EJ/Kitco Inc. All rights reserved
I will venture to kernelize the culture of this group, myself included: like any other, a culture with a stake in something--in this case gold--who seek to reinforce each other's attachment to their investment.

We look for evidence that demonstrates that our gold investment is wise and will be valuable. We search for some calamity ( e.g., Y2K bug ) that will cause the world to see once again see the value of gold. This means a retreat from the Information Age global economy of multi-national corporations to an Industrial Age economy of nation-states with gold standard based economies. After the Y2K bug stops the computers, a horse will carry me to the farmer's market to buy a head of lettuce?

But there are no horses; there is no farmer's market. The computers will not stop in the year 2000 any more than the steam engines stopped in 1929. We have instead networks of computers and a nearly infinite flow of data and transactions driving the world. These will keep on going and going, growing ever higher in volume and faster and more reliable. The information age is here. There is no turning back. Gold will become as important to the Information Age economic system as horses are to the Information Age transportation system.

Too bad. I like gold. It FEELS like value. Information flow and transaction do not, but they are a much greater store of value in this age.

There will be a transition. And in this transition conflict. And in the conflict a time when gold will be valuable again. After that, like horses, never more.


Date: Tue Mar 31 1998 21:23
Gianni (US pulling out) ID#384350:
I read somewhere that the us pulled out without really even making an effort

Date: Tue Mar 31 1998 21:20
Myrmidon (NOW IT IS 11:30 AM in JAPAN...) ID#345268:

...and the Japanese can not buy US equities because our markets are closed. Must wait until April 2nd!

Date: Tue Mar 31 1998 21:17
RJ (.... Last night was pretty funny, wasn't it? .....) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

Robnoel -

A brokerage charges a fee. If the client wins or looses, the brokerage always makes the fee. If one looses all one's money, they go away. When one is making profits, one will trade again. More fees. These fees buy, advice ( hopefully accurate ) , information ( hopefully factual ) , and a vehicle with which to make the trade. If one can do without the first two, the third can be found anywhere.

The simple fact is that I make more money when my clients are making money. Seems this is a symbiotic relationship.

I gather your history and my present have something in common.

E-mail me, if you would. I have a couple of questions I'd like to speak about off this forum. rjd@pacbell.net.

OK



Date: Tue Mar 31 1998 21:11
SDRer__A (US being forced out of the Middle East power loop?) ID#28594:
ITN news broadcast--James Rubin, US State Department spokesman,
says US may have to pull out of peace talks, which are in dire straits.

Could this have anything to do with the Arab-on-line story I posted this afternoon--re: private meeting of Arab Foreign Ministers sans Albright or any other US representative?

Power drifting away?

Date: Tue Mar 31 1998 21:10
robnoel__A (RJ,great line been doing this for 15 years and yes I have no clue,I HOWEVER DONT CARE..............) ID#411112:

IAM BUYING MORE

Date: Tue Mar 31 1998 21:09
Silverbaron (Jack) ID#288295:

Of your two suggested solutions, I'm not sure which should come first.... ( ;^ ) )

Date: Tue Mar 31 1998 21:09
Eldorado (@the scene) ID#173274:
vronsky -- WHAT, with all the postal saving money being/to-be poured into it? I seriously doubt it. At least not at this time. You first have to give 'em time to dump all those peoples savings into it. In that regard, they are WELL behind US!

Date: Tue Mar 31 1998 21:08
OURO__A (Forgive me) ID#237149:
Modesty makes a great person.
I accept your post.
'Carpe Diem' my friends and good night.
Yes? OK

Date: Tue Mar 31 1998 21:07
chas (A Goose) ID#342282:
If you have or can get the Comex eligible stocks for a couple of years consistently, I'll try to chart this on a gold price and vol chart. I have a vol factor that will provide a two + dimensional display. My sending email is out, but incoming ok. Otherwise adress is 2422 Warrior Fork Trail Morganton, N.C. 28655. Let's see what happens, Charlie Devoto, thanx

Date: Tue Mar 31 1998 21:05
Jack (Lynch the bastards) ID#252127:
Copyright © 1998 Jack/Kitco Inc. All rights reserved

What does it take to make registered gold into eligible gold on the futures exchange?
I imagine a phone call or a signature by the holder of registered gold.
In any event I can see indiviguals with huge gold holdings who have a desire is to make money in both directions; adding and removing their gold so as to effect the price. A Price which is essentially driven by the confidence of the herd and to their detriment.
In any even -as the result of these manipulations- the holders surely end up with more gold and at a cheaper prices than when thet started.
More importantly, how can common law allow this without lynching the bastards or driving out the governments that allow this.


Date: Tue Mar 31 1998 21:01
vronsky (Shakespeare had same problem....) ID#426220:

RJ - you sir are too modest. Your eloquence is on par with that of the Earl of Earls... Shakespeare would be... nay, IS envious of you both - as am I.

Date: Tue Mar 31 1998 21:01
A.Goose () ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
Date: Tue Mar 31 1998 20:50
Neophyte ( A. Goose ) ID#390249:


Date: Tue Mar 31 1998 20:46
Silverbaron ( A.Goose ) ID#288295:

I sure seems like they are trying ignore the drawdown in eligible stocks. That is why I noted Tierney's reference to the comex gold stock increase in the Date: Tue Mar 31 1998 19:57 post.

Your right it will be interesting to see the results of today's action.

Is Kaplan long or short on gold?

I think Arden said a long time ago that they ( short players ... ) would rush stocks into registered stocks to window dress when necessary.

Date: Tue Mar 31 1998 21:01
Preacher (Sharefin, gianni, farfel, vronsky) ID#227290:
Copyright © 1998 Preacher/Kitco Inc. All rights reserved
Thank you, sharefin.
Thank you, gianni
Farfel, we said that a slight pullback would bring out the moaning and groaning on this forum. You've seen some of it the past two days. Don't worry yet. It's hard to gauge the markets from trading on the last day of the month as it's rounding out its monthly charts which may have nothing to do with subsequent action.
For instance, the Dow rose sharply this morning and then fell back this afternoon. I'd bet it was just rounding out its monthly chart which mighty strong given this month's performance. IT'S HERE. I think we'll see considerably higher prices in gold next month.

Vronsky, last night I believe you posted that gold was up 16 yen per gram in Tokyo. I believe this is about $3.40. What gives? It sure wasn't up in New York? Can you explain the discrepancy?

More later,

The Preacher

Date: Tue Mar 31 1998 21:00
Eldorado (@the scene) ID#173274:
Geesh, I'm thinking today is Friday for cryin' out loud! For the yen, expect a turn as early as tomorrow! Perhaps not 'till Thursday. Perhaps close to another BIG point below its closing numbers.

Date: Tue Mar 31 1998 20:58
vronsky (TOKYO IS KAPUTT) ID#426220:


TOKYO DOWN -282.02 -1.71%

KAPUTT.....

Date: Tue Mar 31 1998 20:56
RJ (..... OURO .....) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

Rather than read between the lines, I will take you post at face value, and respond in kind.

No knowledge of Indo-European languages. Spent a year in Monterey at the Defense Language Institute learning Arabic. Six class hours per day, five days a week, for 48 weeks of nothing but Arabic. Sad thing is most of it is gone. Foreign languages aren't really my thing, I have enough trouble with English.

The yes? seems a transparent affectation, borne of watching too many movies.

As for the precious metals…. Haven't you heard?…….I don't have a clue…..

OK


Date: Tue Mar 31 1998 20:55
robnoel__A (RJ,could have got my wires crossed last nite,it was a fun evening,almost dusted off the long rifle) ID#411112:

the point was,and your responce was
accurate,brokers care less if a market moves
on logic,just so long as it moves,the greater
the movement,the bigger the commish,what a
surprise....this in no way means brokers are
unethical....it is how the game is played....if
you don't know the rules don't play

Date: Tue Mar 31 1998 20:52
Eldorado (@the scene) ID#173274:
Copyright © 1998 Eldorado/Kitco Inc. All rights reserved
Silver, as of the close, is now at a most critical juncture. If it cannot best Tuesdays highs, consider it dead for at least a couple weeks; probably three, whereby one may then buy it for a whole lot less! Probably a dollar less. Yes, I know about the so-called Buffet scenarios, et al, however, it NEED MOVE NOW!!!! And it will; one way or the other. My suspicions are for down, but I also can adjust on a moments notice. I am simply saying that the time is NOW at hand! Sideways is OVER!

Gold suks, but it 'should' still be on track towards some higher numbers, in my book, and temporarily. There is the fact that it is now basically ignoring bad news, at least for now. There is also the fact that April expiration is giving way towards the June, so, much of the current malaise 'might' be attributable to that. I will add however that I'm not real crazy about the gold stock indexes, but some of that might also be expected. Tomorrow WILL be an interesting day in a LOT of markets!

I'm expecting some short term reversals in grains to begin commencing. Also another turn up in the oils. Sugar will again be meeting resistance, but still more bucks to be made long first. Even the yen will change direction! Monday or Tuesday? What a concept. And you have my posting of the S&P from earlier.

Date: Tue Mar 31 1998 20:51
pagoda (I am surprised that Canada is not mentioned more prominently as an eventual) ID#22650:
safe haven. It seems to have gotten over the worst of its fling with socialism, is paying down its debt and making investments in its hard assets ( gold, minerals and oil ) . If it stays on this track it would seem to have a better future than most. The C$, while not robust recently compared to the US$ will I think have its day. At least the Canadians let it float to reflect international realities. After Canada becomes rich though, I would suggest they buy Arizona for some heat!

Date: Tue Mar 31 1998 20:50
Neophyte (A. Goose) ID#390249:
Thanks for your reply on comex gold stocks. Do you think someone is trying to cover up the eligible drawdown with an increase in registered? It'll be interesting to see if the same thing happened today. Look forward to receiving the numbers. thanks

Date: Tue Mar 31 1998 20:46
Silverbaron (A.Goose) ID#288295:
It's probably worth noting in regard to the COMEX stock situation - I have in the past had some email conversations with Steve Kaplan about COMEX stocks, and at that time he did not recognize any distinction between the two categories of stocks. Perhaps this is why he reports only the totals in his web site........ My question: Do you think COMEX is transferring inventory from elsewhere ( London? ) to dummy up the totals? It sure smells that way to me....

Date: Tue Mar 31 1998 20:44
TYoung (F*) ID#317193:
I know,I know. Humor, my friend, humor. Opportunity,yes? Tom

Date: Tue Mar 31 1998 20:43
OURO__A (@ RJ) ID#237149:
Copyright © 1998 OURO__A/Kitco Inc. All rights reserved
We are always delighted to read hear your interpretations about the markets, people, the world , movies and our beloved PMs. Your analysis of this ( an ) other fellow is quite interesting and shows that you have some knowledge of Indo-European languages. You also would make a good Freudian when you analyze this fellow's yes? which has, as you explain, a double function at the end of his reasoning. That particular word seemed to have the intention to trim down the distance between the writer and the readers here over cyberspace. One can say that you have a variety of skills. I wonder if you would have also some paranormal skills, something almost natural to successful traders. Would you care to share with us the visions you may have of our golden PMs?

Date: Tue Mar 31 1998 20:39
A.Goose (Ooooops...) ID#20135:
Change

You can see that Comex gold stocks went up yesterday by 184,886 ounces ( 75,190 + 31,958 + 43,232 + 34,506 )

To

You can see that Comex gold stocks went up yesterday by 150,380 ounces ( 75,190 + 31,958 + 43,232 )

Date: Tue Mar 31 1998 20:37
vronsky (BOJ TO OWN THE NIKKEI) ID#426220:
Copyright © 1998 vronsky/Kitco Inc. All rights reserved

It is pathetically obvious that the Bank of Japan ( Central Bank ) has been the sole supporter of the Nikkei in recent months. It is the only entity that has any remaining faith in the credibility of Nippon financial institutions. Ironically, many managers of the BOJ are under investigation for behavior un-becoming representatives of public financial institutions.

When the BOJ ends up with all the paper, the Nikkei will have no buyers left.... how will a value of the Nikkei be established? Many in Japan realize this - which explains why gold if rising so much in Tokyo.


Date: Tue Mar 31 1998 20:36
farfel (@TYOUNG...if you want your gold & gold stocks now...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...then I am afraid you are going to have to jump in and pay the full price.

There are no more bargains to be had in this gold market. Most people holding gold today are die-hard gold chauvinists or new investors.

If you are waiting for desperation amongst current gold investors in order to snatch up a bargain, I think you might find yourself waiting a long time. Today's gold investors have already survived their desperation phase. They are hardened by their journey through hell. Conversely, Dow & Nasdaq investors have never really experienced such a phase in many years. When their desperation phase arrives, it will be a frightful sight indeed.

At least, that's IMHUDO ( In My Humble Unemployed Drunken Opinion )

F*

Date: Tue Mar 31 1998 20:33
Ray (crash) ID#411149:
Copyright © 1998 Ray/Kitco Inc. All rights reserved
Donald, lenaxe, and StrongMan- thanks! Now I can put together
a decent response next time I am confronted with someone I really
want to save.

Old Gold- a man that has been as successful as this in the past
I did not ask what rational. He was leavin Kenedy for another deal
in Europe. Now when I first met this fine gentleman he told me
all about things you are hearin in the news, higher DOW, Klinton,
hatred for the PM and then it would all turn. That is what is happening now! Rationale - INFLATION. New home prices way up, labor market tight,
even John Bolinger mentioned that we were seein a change and he
has been as bad as O'Neal in the past. I think the writing is so
plain the RATIONALE IS ON THE WALL! What I said earlier JEST LOOK OUT
THE WINDER! THIS IS CARTER POWER TIMES TEN!

Tally Ho

Date: Tue Mar 31 1998 20:33
chas (Another (thoughts) 08:32 today) ID#342282:
Regardless of Triparty efforts, Euro and maybe Swiss Franc, I can find no readily payable currency, now or coming, which is convertible into gold. Without this feature, oil producers will have to choose A ) currency ( s ) B ) gold or C ) some combo. My question, also in reference to my previous post, how does the acceptance of any currency overcome a strong upward pressure on the price of gold? A clear explanation of the US dollar agreement and a comparison with this of the Euro as the oil trading currency would go a long way to clear up this briar patch. Many thanx, Charlie

Date: Tue Mar 31 1998 20:32
A.Goose () ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
Date: Tue Mar 31 1998 19:59
Neophyte ( Comex gold stocks ) ID#390249:
Kaplan says that comex gold stocks surged 50,000 oz today. A.Goose or anyone, can you provide breakdown between eligible and registered?


Neophyte, I will post them as soon as they become available. As I have been trying to point out, the number that is important is gold stocks that are eligible for delivery. Registred stocks are not available for delivery. Both numbers are included in the tolal stocks. For example look at the stocks after yesterday's trading:

Comex gold stocks 2
March 30 1988

TOTAL REGISTERED
443,552 75,190 31,958 43,232 34,506 521,290
TOTAL ELIGIBLE
182,784 0 0 0 -34,506 148,278
COMBINED TOTAL
626,336 75,190 31,958 43,232 0 669,568



You can see that Comex gold stocks went up yesterday by 184,886 ounces ( 75,190 + 31,958 + 43,232 + 34,506 ) . BUT the eligible gold stocks for delivery DROPPED by 34,506.

Eligible stocks were DOWN yesterday. Eligible Stocks are down from the 1st of March 1998.

$45 million will buy all the eligible stocks in Comex. If 1,490 people take delivery of their comex gold contracts, they will close out all the eligible gold in comex as of the close of work yesterday.


I will post the data when it becomes available.

Date: Tue Mar 31 1998 20:32
Miro (Oh My, Where Is This Forum Going?! :-o) ID#347457:
Copyright © 1998 Miro/Kitco Inc. All rights reserved
I am just reading through a few days of posting. Posters attacking each other for their beliefs about market directions, investment approach, rightfulness, who is DA MAN and who is not, etc.. Asking Bart to shut the other people down because they don’t contribute anything to this forum. How ridiculous! This forum mirrors the thinking and investment approach of diverse group of people who are one way or the other involved or interested in the gold market. Describing diverse opinions or investment strategies IS GOOD for all of us. If we did not have this exchange we could easily believe that there is only one way how to think about this market.

As far as claiming that there is only one correct way to play this market ( the way I do it ) is total nonsense. You have people who play with small amount of money, people who play big, people who can buy physical and people who can’t ( due to some restriction put on their available money - e.g., 401K ) so they play just stocks or mutual funds. Some people can trade daily some have limits how frequently they can get in/out. Due to this variation what works for you doesn’t work for somebody else! Yet, everybody can play and make money if they play it smart.

There is no reason for attacking the person for using the strategy which does not support your thinking and way of investing. BTW, this also goes for all posts saying people investing in gold have lost a bundle comparing to people investing in DOW. Yeah, that would be true if they put the money in and watched it declining for a bunch of years. I doubt that you can find too many of such investors. You can not play this market the way you could play the stock market through mutual funds for the last ten years just put it in into any fund and forget about it. Gold market needs much closer attention to get in and out at the right time. I think that may be the main reason why the average investor is not into Gold. However, after you learn, you may be one of the few who will enjoy the big spikes and profits ( if you are disciplined enough to control your greed and get out before you loose most of your gains on the way down ;- )


Date: Tue Mar 31 1998 20:29
Jack (F*, I think I got it! I think I got it!) ID#252127:

The US Fleet's permanent emplacement in the Persian Gulf, is not to contain the tin pot dictator, nor to dampen the flame of Islam, or even, to curtail rage of Iran; but to keep those DAMN EUROPEANS the hell out of -and- from controlling the Middle East.

Date: Tue Mar 31 1998 20:25
TYoung (F*) ID#317193:
Since I know you not, yet I know you. On the off chance there may, in fact, be a situation that merits this thought I so submit. Do you see adversity and problems or an opportunity? Tom P.S. wish some of these people would sell their gold stocks so I could get my next allocation fully invested.

Date: Tue Mar 31 1998 20:21
sharefin (ANOTHER) ID#284255:
Preacher

This is the latest one minus his last two comments.
http://www.kitcomm.com/pub/discussion/ANOTHER12.html

Date: Tue Mar 31 1998 20:21
SDRer__A (This is NOT conjecture; this is NOT 'wishful thinking'; this is IMF FACT!) ID#28594:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
The Committee of Twenty-four explicitly states that the “PowerSystem” is working towards a TRIPOLAR CURRENCY SYSTEM:

therefore an urgent need ... to ensure that the transition to a TRIPOLAR CURRENCY system proceeds with... international coordination to minimize instability in the exchange and capital markets

http://www.imf.org/external/np/cm/1997/cm970427.htm>http://www.imf.org/external/np/cm/1997/cm970427.htm

USD ( ? ) ; Euro ( for sure ) and...Asian Currency Unit...or...SDR?

The meeting was attended by {excerpts];
Mr. Stefan Balabanoff, OPEC;
Mr. Enam A. Chaudhury, Islamic Development Bank;
Mr. Liu Jibin, People's Republic of China;
Mr. Mohamed Seqat, Morocco;
Mr. Hamad Al-Sayari, Saudi Arabia

http://www.imf.org/external/np/cm/1997/cm970427.htm

It is difficult to accept that the most productive part of the globe will happily accept Europe as the master of the global mint! When there is a readily available alternative that belongs to no one country or hegemony

ECB is already destined to be an entity of UNTOLD power--in addition to
mapping the fate of 300m Europeans, they are to be given control of oil?

To access the urls you must cut and paste. Sorry, the IMF is tetchy [to say the least!]

Date: Tue Mar 31 1998 20:19
vronsky (GOLD SOARING IN TOKYO) ID#426220:

As the Nikkei continues to tank, gold bullion soars UP Yen16 per gram in Tokyo. Today is the BIG BANG DAY OF DE-REGULATION IN the Land of the Setting Sun.

Analyst John Kutyn has been right on the money regarding Asia - and especially Japan. His analysis will fill financial history books in the not too distant future. As he prophisized, the Nippons will turn to gold as a safe harbor. The amount of Japanese savings is incredibly large.

Date: Tue Mar 31 1998 20:13
SDRer__A (Viewing America [and Americans] from a different P.O.V.) ID#28594:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
greece - u.s.
 greece condemns u.s. ambassador's statements
athens, march 31, irna -- the greek government today strongly
criticised the american ambassador in athens nicholas burns for
statements he made about labour laws and bureaucracy in greece.
addressing a south-eastern europe business forum in thessaloniki
in northern greece yesterday, burns said red tape, inflexible labour
laws and bomb attacks against foreign firms were a restraining factor
for u.s. investments in greece, greek news agency ana reported.
greek government spokesman dimitris reppas today advised the u.s.
envoy to keep his views on labour relations in greece to himself.

the legislative framework which governs these relations is in the
interests of greek society and the state, reppas told reporters
today.
responding to the u.s. ambassador's comments on terrorism, reppas
said that terrorism was a worldwide phenomenon, the combatting of
which requires the cooperation of all.
he stressed that terrorism was not flourishing in greece, adding
that burns was the last person who could refer to the issue.
http://www.irna.com/index.htm

Date: Tue Mar 31 1998 20:13
farfel (@GFD...you have captured the very essence of the American problem..) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...although I am completely stewed to the gills...sitting here in boozy oblivion...through the dim fog of my drunkenness, I believe that I perceive the merits of your own perception.

Asia and Europe are not the only regions seeking an escape from the tyranny of the American Dollar. Most notably, the Middle East is seeking refuge as well.

Once the EURO is unveiled, you can be certain categorically that the Middle East will be dumping a hefty slice of American dollars in favor of the new EURO's. Hand in hand with such strategy, I would expect to see a much greater allotment of gold to Mid—East reserves.

IMHUDO ( In My Humble Unemployed Drunken Opinion )

F*

Date: Tue Mar 31 1998 20:11
henryd__A (Nikkei down 253-and-change) ID#34857:
.

Date: Tue Mar 31 1998 20:11
RJ (..... Couple-O-Things .....) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

APH -

Good luck on the 6.30s. I too am encouraged by the close today, but one day does not a breakout make, and I choose inaction here. D.A. put forth the most likely scenario for the next month. We will hear WB bought more, and he will take delivery. The stohs are looking high and silver is still vulnerable for a quick stab down to $6 or lower.

Regarding Syntax -

Some mention has been made of foreigners and style and syntax. As any linguist knows, mistakes in syntax are common and consistent. Mistakes made once, will be made again in much the same way. Our friend's posts have had contradictory syntax errors within the space of one or two sentences, let alone from post to post.

Arabic is a Semitic language with a very simple structure. All words come from a three consonant root that evolves into a myriad of conjugations depending on the use and placement of vowels, prefixes, and suffixes. The language can be maddeningly hard to read, as it is always written in script, from right to left ( numbers still read left to right ) , and often the short vowels are simply left out entirely. One's familiarity with the language and context is the key to reading the correct vowel. It is also a gender specific language with different conjugations for male and female. English is one of the few languages that is, for the most part, gender neutral. This is why foreigners often have a hard time with He's and She's.

The structure of this other fellows posts to not follow the Semitic pattern. Now this whole argument falls apart if he is Iranian, which is and Indo-European language more closely related to the romantic languages the Semitic.

The followers of this guy call him obviously well bred and educated. Sometimes he write with great clarity, others with glaring errors in syntax. One does not change the way one speaks or writes a language over the course of days, yet this kind gentleman does. The real kicker was when he took the bait on the whole. yes? thingie. Seemed he stopped using that idiosyncrasy immediately. He is too eager to please as he is well pleased with his reception.

ANOTHER has found a home.

God bless this happy home.

OK


Date: Tue Mar 31 1998 20:06
Gianni (@preacher Colin Seymour) ID#384350:
Someone sent colin a not so nice email and he has temporarily pulled his pages. If you want to he put up the email address of the person who criticised him.

you can get to Colin's pages here:
http://www.netking.dircon.co.uk/

Date: Tue Mar 31 1998 20:04
GFD (Thoughts!) ID#424345:
-
The real significance of the 8:32 post by ANOTHER is his statement that the Belgian purchase was done for the account of the BIS by a number of ( presumably european ) CBs.

It is claimed by those who follow the history of the BIS that it is a competitor of the IMF and was never fully supportive of Bretton Woods and the implicit American economic hegomony. One ( potentially too simplistic ) way of looking at things is that the BIS is backing the Euro as a means of breaking away from the american empire...

What ANOTHER may be saying is that there may be Arabian support for the Euro provided that their security issues are also dealt with.

Security can also be seen as the subtext of the current plunge in prices which the Saudis have more or less explicitly targeted Vensuela who is making every effort to become the major supplier to the US, superceeding the Saudis. If this happens, and the Saudis become irrelevant to US energy security where does this leave Saudi national security

ANOTHER may be talking less about the price of gold and talking more about Geopolitical Economics and the potientially imminent decline of the American Empire ( tm ) .


Date: Tue Mar 31 1998 19:59
Neophyte (Comex gold stocks) ID#390249:
Kaplan says that comex gold stocks surged 50,000 oz today. A.Goose or anyone, can you provide breakdown between eligible and registered?

Date: Tue Mar 31 1998 19:59
SDRer__A (From Iran-on-line--Japan Financial Assets) ID#28594:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
financial assets-japan
japanese shift to safer financial asset management

tokyo, march 31, irna-kyodo-oana -- individuals and corporations have
turned their back on risky investments and shifted their financial
assets to safer places, the bank of japan ( boj ) said today.
the central bank said in a report on money flow during the
october-december period of last year that assets of corporations,
individuals and the public sector totaled 1,811.26 trillion yen at
the end of december, up 1.1 percent from a year earlier.
of the total, assets of individuals, the core of japan's huge
savings pool, totaled 1,229.35 trillion yen, up 1.7 percent, the boj
said.
http://www.irna.com/index.htm

Date: Tue Mar 31 1998 19:57
Spock (One man's news is ANOTHER's fodder!) ID#210114:


Date: Tue Mar 31 1998 19:57
A.Goose (This is how they sell a story forget the truth ...) ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
http://www.futuresource.com/reg/cgi-bin/mpsn?ai=fwn-meta
( You probably can't get into this url. go to futuresource.com first and then register .... )


FWN: 162350 GMT


Midsession N.Y. Metals: Most Near Steady; Dollar
Limits Gold



New York-March 31-FWN

Meanwhile, Tierney also pointed out that COMEX
warehouse gold stocks have been on the rise over the last
couple of weeks, and if this trend persists, it could begin
to impact prices just as a drawdown in silver stocks
contributed to a sharp price increase during the latter part
of 1997 and early 1998.
COMEX metal warehouse statistics released late Monday
show gold stocks were up 43,232 troy ounces to 669,568. This
is roughly a 40% increase from 478,090 two weeks ago,
Tierney noted.
The increase is equal to roughly 1,900 contracts.
If that continues to rise, that could put pressure on
gold, ... he said.




Well, we can see how they try to spin this information.

TOTAL REGISTERED
443,552 75,190 31,958 43,232 34,506 521,290
TOTAL ELIGIBLE
182,784 0 0 0 -34,506 148,278
COMBINED TOTAL
626,336 75,190 31,958 43,232 0 669,568

We should note that IF 1,490 CONTRACTS TAKE DELIVERY, THERE WILL BE NO ELIGIBLE GOLD STOCKS IN COMEX!!!!!!!!!!!!!!


Date: Tue Mar 31 1998 19:55
Preacher (Oliver, Yes, that's it. Thank you) ID#225273:
The Preacher

Date: Tue Mar 31 1998 19:55
farfel (@BERNATZ...Sing it with me, buddy...) ID#340302:
49 bottles of beer on the wall, 49 bottles of beer...
If one should ever happen to fall, there'll be 48 bottles of beer on the wall..

48 bottles of beer on the wall, 48 bottles of beer..
If one should ever happen to fall, there'll be 47 bottles of beer on the wall....

Smashed and Unemployed,

F*

Date: Tue Mar 31 1998 19:54
Preacher (Silverbaron) ID#225273:
Thanx for the info. And you may not believe this, but I don't know where Colin Seymour's site is. Maybe I should or know it by ANOTHER name. Can you help me with it. Should I just use a search engine for Colin Seymour?

To all: You can go back and check it out if you like, but I believe I spotted the Bank of Belgium gold sale as ANOTHER's large purchase the night before Allen ( USA ) did so. Now Allen did a lot more analysis on it than I did, but I think the record should show that I get the blue ribbon.

The Preacher

Date: Tue Mar 31 1998 19:53
Suspicious (Trading Stops Change ?) ID#285121:
Can anyone tell me if Trading stops change tomorrow and if so what are the new standards.

Date: Tue Mar 31 1998 19:51
Oliver (Preacher) ID#242249:
Is that what you are looking for?

http://www.kitcomm.com/pub/discussion/ANOTHER.html

Date: Tue Mar 31 1998 19:50
farfel (@BERNATZ...where are you, my friend?) ID#340302:
Please help me to see the light.

Fondest,

F*

Date: Tue Mar 31 1998 19:50
Spock (farfel) ID#210114:
Disappointed to hear of your unemployment woes. Must agree with you though; 30 unemployed people and their cheques will not lift the POG

Hoping you get sober and get work soon. Live Long and Propser.

Date: Tue Mar 31 1998 19:49
RETIRED SOLDIER (y2k fix) ID#347235:
Good news guys, a nice lady just came in and loaded on my computer
a program which will fix y2k problem. It is available from :
TheRighttime Company
590 SW 23rd Ave
Miami,FL 33135-3125
Phone 305-644-6500
www.Rightime.com

The US of A Army is on the ball and running with it! Old Soldier,Garry Owen!!!

Date: Tue Mar 31 1998 19:48
farfel (@BERNATZ...and even BETTER news...) ID#340302:
...the first time in several years that the Fed did NOT announce an interest rate change and the DOW did NOT go up over a 100 points in a day.

Are we seeing a radical change in market psychology Is the trend NO longer a friend?

It's hard for me to evaluate...after all, I'm sitting here drunk as a skunk, wretchedly unemployed, and consequently, my deductive abilities are lacking.

What do you think, Bernatz?

F*


Date: Tue Mar 31 1998 19:47
jonesy (IDCIBM!) ID#251166:
drunk, unemployed, not too bright and need a shave

Date: Tue Mar 31 1998 19:47
Silverbaron (Preacher) ID#288295:

I don't have the URL but there is a link to it in Colin Seymour's site.

Date: Tue Mar 31 1998 19:45
Mr. Mick (sorry for the redundant post) ID#345321:
sorry for the redundant post, sorry for the redundant post.....

Date: Tue Mar 31 1998 19:45
jonesy (@ Farfel) ID#251166:
What?! You think POG's going up?!

I DON'T CARE . . . I'M BUYING MORE!
I DON'T CARE . . . I'M BUYING MORE!
I DON'T CARE . . . I'M BUYING MORE!

Respectfully, dj

Date: Tue Mar 31 1998 19:42
Mr. Mick (Nikkei down 314.68) ID#345321:
oh my.........

Date: Tue Mar 31 1998 19:39
farfel (@BERNATZ...and the GOOD news...) ID#340302:
...just finished reading the posts...goldbugs remain highly skeptical of the likelihood of strength in gold or silver. Definitely a majority feel gold and silver are headed lower.

The absence of euphoria...the abundance of cynicism on this forum continues to portend a strong possiblity of a SEVERE POWERFUL upward breakout in the price of metals in the event of any left field economic event.

F*


Date: Tue Mar 31 1998 19:39
3-cubed (nikkei now down 350) ID#344239:
BIG BANG

Date: Tue Mar 31 1998 19:39
jonesy (@ Gianni re. Taller Pope) ID#251166:
That's why he wears that funny hat.

Date: Tue Mar 31 1998 19:39
Gianni (@steve Plunge Protection Team) ID#384350:
That's the way I see it. It's going to happen so fast that people aren't going to know what hit them.

And to say that Japan won't sell off its hoard of US bonds because Amerika is its most important market is like saying a publican won't shut off ( deny credit ) the unemployed drunk because he is his best customer. ( No offense to F* )

Date: Tue Mar 31 1998 19:37
Preacher (ANOTHER link) ID#225273:
Can anyone give me the URL for ANOTHER's postings? I saw where Sharefin put it out the other day, but I can't find it now. Help, please.

The Preacher

Date: Tue Mar 31 1998 19:37
Pete (Ted) ID#222231:
Thanx or no thanx for what I have?

thank you

Date: Tue Mar 31 1998 19:34
Spock ($US 300 Sustainable) ID#210114:
Disappointed to see the POG once again sliding down. It can barely hold $300 for 3 days. I'm luck, the current depreciating in the Australian dollar means that my gold is maintaining its value.

More rumours of European CB sales. Waiting patiiently for the ECB announcemnt as to proportion of gold reserves. If they are high, it will be good news for POG. If it is low, God help us, another $US280 on the cards.

The bear still stalks.

Date: Tue Mar 31 1998 19:31
crazytimes (Japan down 350.) ID#342376:
And it's only open 30 minutes?

Date: Tue Mar 31 1998 19:31
NJ (IDT : Big Bang = Big Bomb ) ID#20748:
http://quote.yahoo.com/intlmarkets

Date: Tue Mar 31 1998 19:31
Steve in TO__A (Gianni- crash) ID#209265:
Copyright © 1998 Steve in TO__A/Kitco Inc. All rights reserved
The Plunge Protection Team seems to me like a bunch of guys piling sandbags up when a river starts to flood. They'll start piling like crazy when the river threatens to overflow, but their sanbagging lets the river build up to a deeper and deeper level.

If they can pile them up fast enough until the river begins to subside again, fine. What if they can't keep up, though. When the river does break out of the dike it will have much more force than if it had just slowly risen over its banks with only a few inces of pressure behind it.

I think that these PPT characters are going to make the eventual market decline into a huge blowoff by keeping the market intact so that mopre and more suckers sink their money in. These people will be in terror once they see their retirements going up in smoke with a market decline that gets out of control. When all these lemmings start running for the cliff- watch out, the massacre will be spectacular!

Steve

Date: Tue Mar 31 1998 19:30
farfel (@BERNATZ...Now the BAD news...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...while I was down at the unemployment office, I got into a lengthy chat with all the fellas standing in line. Drunk as I was, I still managed to explain quite coherently my favorable opinions on gold as an investment asset.

By the time I finished, an amazing thing happened. All the guys were chanting...some weird, sing-song slogan...I think it went something like this...

I DON'T CARE...I'M BUYING MORE.
I DON'T CARE...I'M BUYING MORE.
I DON'T CARE...I'M BUYING MORE.

Now, I can't predict what the cumulative purchasing power of some 30 unemployment cheques will have on the price of gold but every little bit counts, don't you think?

Fondest,

F*

Date: Tue Mar 31 1998 19:30
Spock (LGB and Heretics.) ID#210114:
LGB, your last post was heretical for goldbugs. It was perfectly accurate but heretical nonetheless.

Date: Tue Mar 31 1998 19:29
Spock (Spudmaster and Plastic Money) ID#210114:
Speaking as an Australian, the concept of plastic money is fine. we have had it for years now and it is no big deal. I think our notes are some of the most attractive in the world.

The article listed the practical benefits; they last longer, can be recycled etc.

Confidence in the U.S dollar should not be eroded just becuase they are plastic. I have often been astounded that the world's foremost reseve currency is actually one of the easier ones to counterfiet.

Give it a go.

Date: Tue Mar 31 1998 19:22
Gianni (Big Bang) ID#384350:
If Japanese politicians and bankers were scrambling to push up the market so their balance sheets would look better. Then you would expect the support given up until yesterday would dry up. Thus the gap lower at opening and move lower.

Also if the Pope were really God's representative on Earth, you'd think he'd be taller.

Date: Tue Mar 31 1998 19:22
farfel (@BERNATZ...Hope you're feeling better today...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...seems you went a little haywire last night. The pressures of shorting gold certainly get get to a guy. Are you using a lot of leverage If so, you might follow that old maxim, Risk No More Than You Can afford to Lose. I know I always operate by that rule.

As for myself, it was a pretty typical day...woke up around Two in the afternoon with another stinking hangover, pulled myself out of bed, and managed to crawl down to the unemployment office. Naturally, I exchanged greetings with all the government officials there...after all, they all know me so well. Anyway, I got my cheque, cashed it out, and headed straight for a bar so I could get sufficiently drunk so that by dinner, I would be able to face my wife. Anyway, while I wait for dinner, I thought I would post this little message. Oh, and I'm also learning how to spell the word compel in order to meet your high standards of literacy ( You'll have to forgive me since I've studied FOUR languages and my spelling in English suffers as a result ) . Fortunately, I keep another bottle in the desk and by dinner I'm bound to be completely crocked. God, I hope I don't throw up all over the dinner table again.

AAAAhhhh...yes....just another great day in the life of an illiterate, drunken, unemployed bastard........NOT!!!

Fondest,

F*

Date: Tue Mar 31 1998 19:16
Speed (SWC has posted their annual statement) ID#29082:
http://www.freeedgar.com/search/WL.asp?C=931948&F=10-K405&D=3/31/1998



Date: Tue Mar 31 1998 19:11
IDT (Japan: Neikkei opens down 95 pts) ID#228128:
If the market has voted early on the Big Bang, then look out below.

Date: Tue Mar 31 1998 19:03
Donald__A (Failed Chinese bank loans said to be twice the size of US S&L problem.) ID#26793:
http://www.amcity.com:80/houston/stories/033098/editorial3.html

Date: Tue Mar 31 1998 19:02
Aragorn III (Observations of truth from eyes that see through haze) ID#212323:
Copyright © 1998 Aragorn III/Kitco Inc. All rights reserved
Gold will never soar as some minds are fond of emoting. These people perhaps witness that the sun is gold, and therefore all things golden must also soar someday as does the sun. This is not to be.
The day will arrive ( I know not when--yet I expect sooner rather than later ) that gold will only be obtainable in exchange for labor or products. Gold will not be pried from ownership for paper unless the paper has been graced by daVinci or Raphael.
Perhaps to say gold will soar is to mean currencies will walk low. Yes, currencies will find their place with the earth, as they are now out of their element on the winds.
When currencies come underfoot, small gold will accomplish great things. Flight will not be among them, for gold knows gravity too well.

Date: Tue Mar 31 1998 18:58
Donald__A (Deflation doesn't seem at all likely (it never does)) ID#26793:
http://www.amcity.com:80/tampabay/stories/033098/story4.html

Date: Tue Mar 31 1998 18:53
OLD GOLD () ID#238295:
Ray: Would be interested in your friend's rationale for his $550 by August projection.

Date: Tue Mar 31 1998 18:52
SDRer__A (First time--in my memory--that both Chinese papers have had the same lead story!) ID#280245:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
One would think they were proud of it...we really need to explain to
these folks THAT DEBT IS GOOD...DEBT IS POWER...{:- ) )

South China Morning Post Wed April 1 1998
Fund surplus hits $190b
Defensive strategy: the monetary authority's Andrew Sheng Lan-tao says that the Exchange Fund escaped the regional economic crisis unscathed.

The Exchange Fund's surplus grew by 10 per cent last year despite the regional financial crisis in the second half of the year, thanks largely to record holdings of US DOLLAR DENOMINATED-ASSETS.
What's past, and what's to come is strew'd with husks..




Date: Tue Mar 31 1998 18:51
JP (Nikkei to start trading in 10 minutes) ID#253153:


Date: Tue Mar 31 1998 18:45
StrongMan (@Ray) ID#287338:
Copyright © 1998 StrongMan/Kitco Inc. All rights reserved
I'm sure that there are many here that can give you a much better technical view of how you loose in the stock market but I'll try to give you the view from my experience.

It is precisely that How can I loose attitude that creates looses. When ever the stock market drops, be it for a day, a week or even a month, there is the attitude that it will turn around just as it always does. Why sell? It will go back up! It always does. What happens when it doesn't? What happens when the masses start to realize that Hey this is not going back up! Get out!! Get out now! They will scream. Where does the money go? Its not really money, its more valuation. As each stock is revalued its kind of a first come, first served.

Would you have faith in accessing your online trading broker, or even contacting your broker by phone during a market panic? By the time you get your order executed, it could be at a most undesirable price. Then there are others who will say, Well I'm in it for the long hall. They could see their stock and mutual fund investments wither away by years of bear market before the next bull market. Hope they don't need it before the next bull market. Oh yes! Believe it or not. There is such a thing as a stock bear market. Even if you are in it for the long hall, just think about what it does to you psychologically to see 44% of your assets detonate on paper.

Your friends should know about financial insurance if they have this how can I loose attitude. Gold should help them in the event of a financial meltdown. In the unlikely event that the stock market does go to the moon their gold investments may not go up but they should hold up well at these prices. I would urge them to look at Gold & PM stocks or coins and stay away from futures. Comex gold just may not be around forever and you should keep a sharp eye on the futures market.

Hope this helps!

Date: Tue Mar 31 1998 18:42
Gianni (The Dow will eventually crash) ID#384350:
-
This market will not end gracefully, it will be a collapse.

PE ratios on the S&P are something like 27. All the while earnings are starting to fall.

Earnings have benefitted from lower interest expense, inadequate depreciation expense, employees being paid with options which don't run through the income statement.

Lower interest rates have also spurred refinancing of mortgages. Now a mortgage of $1200/month might now be $1000/month freeing up cash for consumption or speculation. Consumption has also increased due to perceived wealth effects of the Amerikan people counting their paper profits.

The use of margin to buy stocks is also at record levels ( in amounts borrowed ) .

Now there has been a lot of talk about a plunge protection team. A group of govt insiders who would try to manipulate the market from taking a steep plunge. The problem being that so much pressure is now being built up that when the big one does come it's going to be bigger than 87 and 29. They will try to keep the market from crashing, and they manage to hold it off for a while, but when they fail, it's going to be massive.

12 months of exuberance gone in one day? 12 years of exuberance lost in one day wouldn't surprise me.

Then what happens? Does the economy deflate? Does the price of gold drop? One thing is for certain. Govt spending goes on even though tax revenues disappear leading to monetary inflation or stagflation.

Will fear of year 2K spur a bank run? Will there be war in the ME? Or will it just be poor earnings by corporate Amerika will make it hard to justify higher PE ratios?

Date: Tue Mar 31 1998 18:32
SDRer__A (Korea Heads for Recession) ID#280245:
HK Standard Wed Apr 1 1998

South Korean indicators released on Tuesday pointed to
a recession with soaring inflation and unemployment as
the pain of restructuring Korea Inc kicked in
http://www.hkstandard.com/online/finance/001/features/features.htm

Date: Tue Mar 31 1998 18:28
Ted (Snowbird.....so I assume you think D.A. is head& shoulders above----) ID#330175:
moi,eh...I taught him everything he knows and what credit do I get

Date: Tue Mar 31 1998 18:23
Ted (EB....and as for YOU-------------I thought last night's game stank!!---*go Gold*) ID#330175:
Remember it's not how ya play the game but whether ya win or lose~~~~

Date: Tue Mar 31 1998 18:23
SDRer__A () ID#280245:
HK Standard Apr 1 1998
Cutback not enough as Asia awash with crude
Oil prices in Asia fell on Tuesday following the ratification of a producer pact to cut world output seen as insufficient to tighten an oversupplied market.
http://www.hkstandard.com/online/finance/001/features/fina008.htm

Date: Tue Mar 31 1998 18:20
Ted (Tolerant 1.......are YOU tryin ta provoke MOI with that post about-----) ID#330175:
the stinking Wild-Cats?-----Aurator: No,Acapulco GOLD is NOT a football team but a more expensive version of the nugget variety...James: soggy golf is better than no golf,huh....Pete: you have &^#@^%@@

Date: Tue Mar 31 1998 18:17
snowbird (DA YOUR STEADY STREAM OF VALUABLE INFORMATION IS APPRECITATED) ID#285392:
Your current silver updates fill in the picture for the short, intermediate and long term and are of great value to this forum. THANKS FOR THE HELP!

Date: Tue Mar 31 1998 18:14
snowbird (APH CONGRATULATIONS ON YOUR TRADES.) ID#285392:
In my opinion you are head and shoulders above anyone on this forum with regard to short term trades. I have to take my hat off to you for your abilities and also for the willingness to share your information, without it I would be lost.

Date: Tue Mar 31 1998 18:13
Auric (ANOTHER BIG BANG) ID#255151:

If you haven't seen the infamous exploding whale news story, you MUST check this out. Warning--You should be a little warped to appreciate this. http://www.xmission.com:80/~grue/whale

Date: Tue Mar 31 1998 18:09
chas (Silverbaron re Rooster) ID#342282:
Absolutely interested. Can't email out, can receive. Don't worry about the dead horse--I've eaten horsemeat and it's good-- between old Angus and bear, maybe like buffalo, Charlie

Date: Tue Mar 31 1998 18:05
SDRer__A (Donald! When did you start writing the captions for the HK Standard?) ID#280245:
This has your dry, acerbic wit about it ...

HK Standard Wed Apr 1 1998

Boeing man says sales will soar

The Boeing Company's new top official in Beijing doesn't speak any Chinese, has visited the mainland only once, and admits he is not an old China hand.
http://www.hkstandard.com/online/finance/001/hongkong/hongkong.htm

Date: Tue Mar 31 1998 18:02
Spud Master (It's plastic currency! Not bleeding plastic cards...) ID#273112:
http://www.usatoday.com/news/washdc/ncs21.htm

plastic currency like the 'stralians.

Spud

Date: Tue Mar 31 1998 18:01
Pete (GOLDEN CHEESEHEAD) ID#222231:
Nice take. Remember, CNBC is ready to celebrate DOW 9000 with a special. What better conytary indicator would one want. Talk about EXUBERANCE.

Date: Tue Mar 31 1998 17:57
Donald__A (@Ray) ID#26793:
The money never existed in the first place, it is just a price so the money goes nowhere when the price goes down. Let me give you an example. Suppose there are a million shares of XYZ outstanding. The owners of those million shares bought them at prices ranging from .50c to $5.00. If the last trade today was at a price of $1.00 then all the owners have their shares re-priced to that amount. No money changed hands except the last trade. All the shares were re-valued based upon the last trade.

Date: Tue Mar 31 1998 17:56
SDRer__A (Oh well, they're doomed--they have money--credits--a positive balance) ID#280245:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
Hong Kong Business Standard, Wed April 1, 1998

Fund boasts 10pc surplus

The Exchange Fund, Hong Kong's foreign exchange reserves, posted an
accumulated surplus of 10 per cent in 1997 from 8 per cent in
the previous year, despite the economic crisis which devastated most Asian economies.
http://www.hkstandard.com/online/finance/001/hksfin.htm

Prometheus@the.hot.seat.of.power --Fascinating idea! Have you considered carefully the ramifications?

You are either going to have to appoint a college of cardinals [to slect the Pope after JohnDisney I]
or
select the next [and succeeding] pope ( s ) yourself--

Human nature being what it is, you are going to have to be Earth Mother and God, all in one! [Personally, I think you can handle it...but do you WISH to? {:- ) )

Date: Tue Mar 31 1998 17:53
lenaxe (@Ray... my thoughts are that the money going in ) ID#31581:
Copyright © 1998 lenaxe/Kitco Inc. All rights reserved
doesn't just disappear; the former leaders tend to stop leading and defensive issues tend to get stronger as people who are somewhat knowledgable start to act conservatively as they recognize the risks. To limit the risks, they go into stocks that are less cyclical or extended, like utilities and food stocks. I have been thinking that some big players will also be attracted to PMs as a defensive play. Incidentally, oil stocks are often thought of as one of the last groups to move in a bull market, so if you see them moving and the former leaders going down, that's a bad sign. After a while, as prices drop, so does sentiment and the great influx of money will slow down or reverse. Take note of the comments of your acquaintances now and read them back to yourself in a year or two.

Date: Tue Mar 31 1998 17:52
robnoel__A (PH in LA, should get spellcheck,it's easy that way 'numerous' would come out right) ID#410198:
.

Date: Tue Mar 31 1998 17:52
TYoung (Golden Cheesehead-AG) ID#317193:
AG has already warned the herd-few are listening. AG is a believer in gold as currency-read his articles from the past. He does what has to be done for the present. Maybe he knows the answer for the future and is just waiting. Hmmm! Tom

Date: Tue Mar 31 1998 17:51
Pete (PH in LA) ID#222231:
You are one cool dude!

Date: Tue Mar 31 1998 17:50
jonesy (@ LGB re. your 16:57 @ RJ, Farfel, Myrmidon, et al . . .)) ID#251166:
-
You're one of the smart gutsy ones. Like a guy at the plate -- he gets hit by a pitch and moans and howls and limps to first . . . then steals second on the very next pitch. Timing. Psych. Then he waits on the bag 'til the big guys drive him home. Dashing into the bull Dow for your pile of convertable monetary units proves smart, even daring, now that you're out. But a closer look at gold's store of value, especially over the past three years, shows that it really has done it's job -- in every other currency *except* the US dollar. That you've leveraged your home field advantage to maximize your long position is shrewder than I and many others have done.

IMHO.

The core ongoing debate here at Kitco is really no debate at all; it's two languages, two mentalities -- 1 ) sitting long; 2 ) in and out trading. Could even boil down farther -- 1 ) physical; 2 ) paper. Position #1, sitting long on the physical, is the position eliciting the IDCIBM chant; it's the position of ANOTHER; it's the position backed by long history, and, my guess, the position you take -- cleverly too, through savvy in the second position.

When at war, if battle cannot be avoided, the wise one seeks to use his opponent's own strength against his opponent. IMHO.

Respectfully, dj ( et al )

Date: Tue Mar 31 1998 17:48
Donald__A (Mexican silver production down 8.1% for January.) ID#26793:
http://biz.yahoo.com/finance/980331/mexico_sil_1.html

Date: Tue Mar 31 1998 17:43
tolerant1 (JTF - I think it was you - ) ID#31868:
go to http://www.cnet.com and look in the browser section, there is an internet browser which caters to users of Dos - hopefully this will be helpful.

Date: Tue Mar 31 1998 17:42
lenaxe (PMs acting quite well after last weeks' runup and recent strength in) ID#31581:
the dollar this week. We finally saw some decent volume in some of the gold & silver stocks last week and relatively only a small pullback on Monday & Tuesday. Based upon the way the PM stocks closed on Tuesday in NY, Wednesday could well see the resumption of the current rally.

Date: Tue Mar 31 1998 17:42
Ray (money) ID#411149:
Somebody gime an answer please? OK all this money is comin into
the stock market and smart money issa sellin that is for sure.
When the stock market tanks where does the money run to
how does it just disappear. I need an answer to give to my
friends that are still in the market, they can't understand how
they can lose. Comments

Tally Ho

Date: Tue Mar 31 1998 17:41
GOLDEN CHEESEHEAD (SOME SOBERING THOUGHTS FOR APRIL FOOL'S DAY!) ID#431263:
Copyright © 1998 GOLDEN CHEESEHEAD/Kitco Inc. All rights reserved
Today's action in the Dow is the kind of action one always sees at market tops! High up volume in the morning followed by high down volume in the afternoon. Some serious resistance to this latest leg up has now developed at 8880-8900 and the fact that we can't get through it even on a day when utilities are up over 5 full points and bonds perform reasonably well, the dollar is strong, gold lower, and the Fed on hold, ought be a red flag to all who make their living from these market gyrations. Anybody who saw John Bollinger's chart of the Dow over the last 40 years has to be impressed with the fact that what we see in the last couple of years is the parabolic spike ( over 80 degrees ) of the greatest bull market in history with the possible exception of Japan in the 70's and 80's! No one can predict how high this spike will eventually extend, but one thing is absolutely sure,like Japan's parabolic spike, it can't continue to go up at a near 90 degree angle for much longer without one humongous crash back down! AG has to be sweatin' bullets big time prayin' he can make it till next April when his watch as Fed chairman finally comes to an end and before the Y2K debacle hits full force! I'm bettin' that gold is starting to sniff this out and that we're getting perilously close to the Day of Reckoning! This super strong dollar is great for US markets NOW, but as the equity parabola spikes to the sky, the imbalances in trade and money flows this irrational bull creates will shortly bring about the very thing AG and the Fed are lobbying Congress and Wall Street to avoid--a sickening financial catastrophe that will destroy every currency and economy on earth! The Clinton crisis, the ME crisis, the SE ASian crisis and the coming oil crisis and Y2K crisis will all conjunct by the year 2000 to create one of the most troubling times of crisis this planet has ever witnessed! Unfortunately, try as I might, I see no way out of this mess! Iacta alea est! The die is cast! And 6,000 years of human history is about to come to a frightful conclusion! It is time! BUY GOLD and PRAY FOR DIVINE INTERVENTION, mein Freunden! Gold and gold stocks, whether they be in NA, SA, Africa, Asia or Australia ARE ALL GOING HIGHER--MUCH HIGHER! And in the end it won't matter a whit by how much--so long as you have some BEFORE THE COLLAPSE! Wiedersehen!

Date: Tue Mar 31 1998 17:35
HenryD (In The Spirit Of The Holiday -- Virus Alerts) ID#36156:
It seems that well-intentioned people are sometimes duped into forwarding bogus virus alerts, especially on holidays. Here is a re-post of an excellent anti-virus site that separates the fakes from the real thing.

http://www.datafellows.fi/vir-info/

Knowledge is power ...

HenryD -- Go Gold!

Date: Tue Mar 31 1998 17:32
PH in LA (ANOTHER's message & LGB) ID#225408:
Copyright © 1998 PH in LA/Kitco Inc. All rights reserved
LGB:

Perhaps the time has come for you to consider deleting the ANOTHER comments from your repertoire since they are distinctly way behind the curve and we have all heard them numerous times already. The Belgium ( sp ) sale was figured out by Allen ( USA ) the day after it was announced, while you were still braying your anti-ANOTHER non-message to the four winds. More time spent reading the posts here would probably result in fewer uninformed posts on your part, which would probably be as much to your benefit as to ours.

Thank you.

Away! to reread the Oracle of Alberta at Gold ( sic ) -Eagle in preparation for ANOTHER's discussion on April 4.

Date: Tue Mar 31 1998 17:27
Prometheus (@All) ID#210235:
Copyright © 1998 Prometheus/Kitco Inc. All rights reserved
I agree with Bernatz that we have far too many POPES here at Kitco. From now on, only one person at a time should be pope. He can wear the big hat and speak ex cathedra. This is really cool, because ecclesiastical law ( thank goodness for Webster's ) says anything you say ex cathedra is, for sure, right. Then no one can argue ALL DAY! Can you see it now? A whole day of the Skeptical Inquirer on LGB's day. A WHOLE DAY of I Don't care I'm Buying More whenever Farfel or his faithful followers gets the hat. You get the picture.

First Pope nomination: John Disney. And he gets the Bernatz moniker back, for keeps.

Date: Tue Mar 31 1998 17:27
ROR (Gold) ID#35767:
Gold is acting well in relation to Dollar and oil. Xau perking, looks like we MAY be close to a move. You have to like HM and RYO.

Date: Tue Mar 31 1998 17:03
TYoung (LGB-Ditto) ID#317193:
Look on the bright side-bottoms become tops and tops become bottoms-cycles. Change, coming to a city or town near you -soon. Tom

Date: Tue Mar 31 1998 17:03
Auric (THOUGHTS!) ID#255151:

1. BIG BANG commences in about 2 hours. 2.
April Fool's Day is already here for some
Kitco posters. Shall we call it HALLOWEEN 2?
3. Eldorado--If I weren't working tomorrow,
I'd join you. ( Bud-Wei-Ser ) . 4. I checked at all the local coin shops but no one had any Acapulco Gold. Does it come in ¼ and 1 ounce sizes? Is there a risk of government confiscation? 5. aurator--Will look into home brewing. BIG QUESTION-will breweries be Y2K compliant? This is SERIOUS! 6. By the way, ALL YOUR FLIES ARE UNZIPPED!-- HAPPY APRIL FOOL'S DAY!

Date: Tue Mar 31 1998 17:02
silver plate (the noose tightens) ID#289468:
Anyone hear the fast blurb on cnbc about the treasury ( or was it the fed? ) thinking about the issuance of plastic money? No more cash transactions, just debit and credit cards courtesy of the govmint. supposed to thwart counterfiters.

Date: Tue Mar 31 1998 17:01
Donald__A (@James) ID#26793:
I am a little behind on responding to posts. Saw your comment about my opinion on Japan. I have not been bullish on Japan since 1987. There was no 180 degree turn. Still think that below 10,000 on the Nikkei is a certainty. Lower is likely but not a certainty.

Date: Tue Mar 31 1998 17:00
LGB (@ DA) ID#269409:
Enjoyed your earlier AM on Silver....it's showing some real strength today and we'll see more of the same over the next few weeks. Keep on droppin COMEX! Phibro is our friend.... and has received an innoculation aginst future viral infections from Merril Lynch lawyers, having weathered that flu already.

Date: Tue Mar 31 1998 16:58
awalrus1 (Internet Searches) ID#252281:
To all who need to search for topics/info...There is a neat tool

which is FREE..a very good price....at www.ferretsoft.com

Allows searching multiple engines, reading summaries, saving the results

for later use, etc... They have commercial versions too, but the free

one works very well...And by the by, I appreciate all of you

who post here...It takes a lot of ingredients to make a good stew or

forge a good idea....


Date: Tue Mar 31 1998 16:57
LGB (@ RJ, Farfel, Myrmidon, et al......) ID#269409:
Copyright © 1998 LGB/Kitco Inc. All rights reserved
Guess I'll weigh in on last night's debate also. I cheer for Gold to go up, being I've recently purchased some, and also being a part time coin dealer....but anyone trying to say that Gold has been anything short of an unmitigated disastor as an investment over the past few years, has some serious self deception problems.

As I've said here a million times ( give or take a few ) ... an Oz, of Gold may indeed buy a cheap suit at K-mart these days. However, relative to most important goods and services we all use and need, it's value has dropped precipitously over the past 18 years or so.

Using the real world examples I've posted here before, it'd now take anywhere from 8 to 20 TIMES as much Gold to purchase the same home, car, electricity, insurance, food, etc. now....as opposed to what I spent in 1980 for these same items. I'll not bore the site with the REAL WORLD numbers once again, since I've posted them here many times before.

What I WILL bore the readers with, is the additional comment that not only has an Oz. of Gold dropped to a mere fraction of it's former relative buying power, but during this SAME time frame, dollars put into equities have increased well over a THOUSAND percent!!!!

Now you tell ME what was the better, safer, hedge against inflation? I couldn't be more glad that I bought stocks in lieu of Gold. Now I'm on the equity sidelines, with most of my assets in metals and cash. About 10 TIMES as much said assets as I'd have had if I pretended all these years that Gold was the safe haven, inflation hedge, et al, that the Granvilles of the world touted.....Gold's better days are drawing near, but let's not be self deluded about where it's been eh?

Date: Tue Mar 31 1998 16:49
James (Jonesy&Eldo make good points about U.S. yuppie investors antipathy) ID#252150:
towards AU. The vast majority that were in the AU mkt in early 80s lost
big. I think only fear will bring them back into the AU mkt. That fear is forthcoming...but when.

Hi Ted--Finally some sunshine here. Gonna play a soggy 9 holes.

Date: Tue Mar 31 1998 16:45
LGB (@ ANOTHER) ID#269409:
Hmmmm, I see Another read everyone's overanalytical post here at Kitco, and decided to re-invent his New Buyer prediction in line with what his disciples here prompted him to do. Namely, the Belgian CB sale, has now become the new buyer, thus conveniently fulfilling his prophecy. Oh well, I guess Homeopathic remedies are fairly harmless too....unless you take them in lieu of REAL medicine when you have a serious condition.

Date: Tue Mar 31 1998 16:39
Donald__A (@Kitco) ID#26793:
Gold/Silver Ratio = 46.19

Date: Tue Mar 31 1998 16:36
Donald__A (@Kitco) ID#26793:
XAU/Spot Ratio = .272

Date: Tue Mar 31 1998 16:36
JOE Smith (A.Goose () ,Silverbaron silver wharehouse stocks) ID#24869:
can you advise what was mondays and todays figures and movements
ths in advance

jsmith@wire.net.au

Date: Tue Mar 31 1998 16:36
KMTMAN@VANCOUVER (FOMC MEETING) ID#270315:
Copyright © 1998 KMTMAN@VANCOUVER/Kitco Inc. All rights reserved
Bill Buckler I hope your forecast is right on the money.

What a crock of sh#*@! The federal reserve board is manipulating the economic #'s to suit it's own needs.
By the time they announce inflationary pressures we will already be at or near the end of it.
Hang on tight people this year is going to be the crest of the tidal wave and I for one am going to get on a ship that is strong enough to handle it. Don't follow the heard people, you will be trampled, instead take the path least travelled, and profit.

Gold is the ship, and the yellow brick road is the road less travelled.

Date: Tue Mar 31 1998 16:35
Donald__A (@Kitco) ID#26793:
Dow/Gold Ratio = 29.26

Date: Tue Mar 31 1998 16:27
Eldorado (@the scene) ID#213265:
Later, all. I hear a beer calling my name.....

Date: Tue Mar 31 1998 16:22
robnoel__A (Ray only problem with radio no spellcheck) ID#410198:
.

Date: Tue Mar 31 1998 16:19
Pete (Ted) ID#222231:
WOW, When, Where, and did you graduate from SHS, or were you one of those UHS brats. I started at Moreland, kicked @ss and got mine kicked at times? I'm part of the old Kinsman Rd gang.
E-Mail me at
pgalier@neo.lrun.com

Date: Tue Mar 31 1998 16:18
Eldorado (@the scene) ID#213265:
Activity in the stox not particularly grand this afternoon after the big morning rally. Worrisome. This could put the handwriting on the wall! At least for awhile. I expect June S&Ps to close the daily gap, down to 1106, but much below that and things could very well get mighty interesting, especially with todays lackluster closing. A break below 1100 could easily target 1070 area. Beyond that and ....

Date: Tue Mar 31 1998 16:14
Cyclist (up) ID#339274:
Tighten up stops 81 and 18.50 for pdg.Should be a up day tomorrow

Date: Tue Mar 31 1998 16:14
Cyclist (up) ID#339274:
Tighten up stops 81 and 18.50 for pdg.Should be a up day tomorrow

Date: Tue Mar 31 1998 16:13
TYoung (F*-yes I did buy more) ID#317193:
Tom

Date: Tue Mar 31 1998 16:09
Bill Buckler (Dow and Gold south after FOMC announcement) ID#256381:
Copyright © 1998 Bill Buckler/Kitco Inc. All rights reserved
Looks like both the Dow and Gold came off after the FOMC decided not to decide again. Pretty big fall on the Dow, from +100 up to 17 up.

The only thing the FOMC announcement managed to do is knock about 4 basis points off the long bond yield. I will be watching Japan with interest today. Big Bang, you know.

Interesting series of conundrums. No one in the U.S. was expecting rates to rise, despite the recent series of strong economic numbers ( new housing starts etc. ) . On the one hand, the Fed wouldn't lift rates because of the Asian Crisis. On the other hand, the Asian Crisis doesn't matter to U.S. markets.

Well, the Fed didn't touch rates, and the Dow did a swan dive. Now, Japan is to host a big bang and the Yen is doing a kamikaze number against the $US. The next few days might be pretty interesting.

Date: Tue Mar 31 1998 16:06
Ted (PETE..........................*go Acapulco GOLD*) ID#330175:
Sounds like WE have a common birthplace ( S.H. )

Date: Tue Mar 31 1998 15:59
Argent (Ya gotta have faith...) ID#255217:
In keeping with the spirit of this forum:

I DON'T CARE... I JUST BOUGHT MORE!
( ¼ oz golden eagles; I'll need em for change when gold hits $1000 )

How about ol argentum! Nice run, huh! Giddiup sweetheart!

Date: Tue Mar 31 1998 15:59
Ray () ID#411149:
robnoel- spelin, gramar and english ain't nedessary on the net!
Now on the RADIO that is different.

Tally Ho

Date: Tue Mar 31 1998 15:59
TYoung (Dow? ) ID#317193:
OK, someone tell me why the Dow fell this afternoon. Thought it was going to 8900. Tom

Date: Tue Mar 31 1998 15:57
Pete (TYoung) ID#222231:
Do'nt feel bad. My wife never agrees with me either. That's why we get along so famously. BTW, throw away all fundamentals and techs for PM's. Can anyone figure?

Date: Tue Mar 31 1998 15:54
Ray (Merril Lynch) ID#411149:
Mr Bill O'Neil you know that butt --le stock sakesman gave a
smile to you silver bugs only on a technical basis but had a
finger pinted at you gold bugs.

You know I would like to be on an elevator with Bill and that
other guy that used to be on the Fed. Res. the one with that big GRIN. I might be the only one to get off!

Tally Ho

Date: Tue Mar 31 1998 15:54
ALBERICH__A (@Another (Mar 31 1998 8:32)) ID#212197:
Copyright © 1998 ALBERICH__A/Kitco Inc. All rights reserved
Another:
Your post contains very bold predictions which are based on the following assumptions:
- the EURO will have a very strong gold backing and is therefore attractive enough for oil producers to abandon the US dollar agreement;
- the world is flooded with US dollars and gold paper.

Your conclusions/predictions:
An explosion of oil prices in US dollars ( which means exploding inflation ) and an imploding US economy.

You go one important step further and ask for the geo-strategic implications of a crash of the US dollar based global finacial markets.
Will there be any point for US warships in the Gulf and who will defend Arabia?

I agree with your conclusions but I don't know from where you take your assessment that the EURO will be strong. Is that just a hope or do you know for sure?
I agree with your assessment that the world is already drowning in US dollars. Therefore the US dollar has become extremely fragile and can indeed be crashed by a lot of events. A strong EURO might be even one of the most constructive among these imaginable events. It could save the world from falling into complete chaos.

But why are you so sure about the strength of the coming EURO?

Alberich the Dwarf

Date: Tue Mar 31 1998 15:48
Eldorado (@the scene) ID#213265:
Selby -- No history to debate as we all know it wasn't the 'man on the street' who got the whole move started! It was the man on the street who got to be the 'bag man'.

Date: Tue Mar 31 1998 15:47
robnoel__A (PH in LA ,You right Ist grade english was a bitch,now I can type you,what a country) ID#410198:
.

Date: Tue Mar 31 1998 15:46
Ray (ASA) ID#411149:
Mike Stewart- Ditto, buy the underlying stocks rather than the fund ie
ASA.

All they can talk about today on CNBC is INFLATION. In my main industry
a guy can go to his boss and get a $500 raise jest for the askin. That
ain't never happened in my experience, goin on 35 years. The PLANT business that is.

Tally Ho

Date: Tue Mar 31 1998 15:45
Silverbaron (French 20 Franc Roosters CHEAP!!) ID#289357:

I've found a source for BU Roosters @ $59.60 each, only about 5.5% over spot bullion. Anyone interested in my source ( who I believe to be a reputable wholesale supplier, shoot me an email at:

Silverdolr@webtv.net

P.S. I have no financial interest in this, whatsoever.

Date: Tue Mar 31 1998 15:39
jonesy (Selby / Eldorado Re. Man/Woman on the Street) ID#251166:
I know of a couple -- among the pre-yuppy variety -- who, back in '80, bought $20,000 in physical @ $700 spot. They got burned really bad, of course. Eventually divorced. Now they're both high on the stock market, shoveling more into it every day.

Date: Tue Mar 31 1998 15:36
Selby () ID#286230:
Eldorado: No idea. If it never got past 500 most of us wouldn't be here and few would be hoping for 1000 or more.
Like to debate hisotry with you but I'm off to work.

Date: Tue Mar 31 1998 15:35
PH in LA (none worth mentioning) ID#225408:
Copyright © 1998 PH in LA All rights reserved
Robnoel_A:

Yesterday I was willing to conclude that your post to me had some point. Ergo, it was ignored. Today I am not. I never suggested that ANOTHER had anything to do with that reference to metric ton deals, as you surely know unless you cannot read the English language on more than a 1st grade level. If your purpose is to draw out nasty and impolite language from me I suggest you first go back and research my posts to Heavy Hitter ( R.I.P. ) rather than draw it out of me again and thus waste bandwidth. BTW, that is all you will get out of Bernatz too. But, as I say, maybe that's all you want, anyway.

FWIW, I will not make any further reply on this subject, so you may take my remarks above as rhetorical.

Date: Tue Mar 31 1998 15:33
Eldorado (@the scene) ID#213265:
Selby -- As in 'swell'. But who got it to 500?

Date: Tue Mar 31 1998 15:30
Selby () ID#286230:
Eldorado: Just like it was the man in the street who bought from 500 to 850

Date: Tue Mar 31 1998 15:27
Eldorado (@the scene) ID#213265:
Selby -- Just like it was the 'man on the street' that made silver move.

Date: Tue Mar 31 1998 15:24
Selby () ID#286230:
Carpe Aurem: You won't get any argument from me. I believe gold will one day soar as it is hoped here but I see no reson for it to happen today or tomrrow anymore than it did yesterday. Once the man in the street starts to think it is going to go up --then its the day after one should go long.

Date: Tue Mar 31 1998 15:19
Mike Stewart (Rube) ID#270253:
ASA is slow moving compared to its underlying assets. Their biggest holdings are Dreifontein, DeBeers and Vaal Reefs ( now Anglogold ANGLY ) . I would buy Anglo or Dreifontein before ASA.

Date: Tue Mar 31 1998 15:11
robnoel__A (First SA inks a deal with China now Sudan (gold),so much for Afnafta,) ID#410198:
http://www.tampabayonline.net/news/news1022.htm

Date: Tue Mar 31 1998 15:10
jonesy () ID#251166:
-
Today sucks, yes? We goldbugs made no money this day, yes? And despite 6,000 years of history -- and in the face of eighteen years of recent history -- and with the Dow way up, the POG way down, and the whole earth on the verge of something really different from what we've ever seen . . . Yeah, today sucks real bad, man. And in the absence of close-range technical justification; and in the absence of lots of spittle and drool; and in the absence of a loud voice and a showy vocabulary; and in the absence of one unpronouncable Mr. F* . . .

I DON'T CARE . . . I'M BUYING MORE!

I DON'T CARE . . . I'M BUYING MORE!

I DON'T CARE . . . I'M BUYING MORE!

Respectfully, dj

Date: Tue Mar 31 1998 15:05
rube (swc) ID#333127:
Sold rest of SWC, looking to buy a gold stk, any thoughts on ASA.

Date: Tue Mar 31 1998 14:53
Carpe Aurem (@Selby and All) ID#339292:
Copyright © 1998 Carpe Aurem/Kitco Inc. All rights reserved
Dear Mr. Selby,

I believe the purpose of this forum is to voice opinions. I love to study the metals sector, but I refuse to let go of my sense of realism and objectivity. My honest feeling right now is that gold could be at the bottom of its cycle and largecaps at the top of their cycle, but I don't see any good reasons why gold should skyrocket, or any good reason why the Dow should explode. I believe that gold could conceivably carry on like this for months or years - flat as a friggin' pancake. Sorry, but until I see some new material information that would affect my analysis, that's my stance, and I contend that it is based in realism.

If you have good reasons why the Dow should be crashing, please do argue them to me. I do not ignore any opinion.

I realize I may be going against the grain of this forum, and if anyone wants to address these issues, through the group or personally via email, please do.

acbrian@direct.ca

I'm not saying money can't be made. I just wanted to be clear; my belief is simply that there won't be any extraordinary market activity, like a crash or a parabolic runup in gold, all things being equal.












Date: Tue Mar 31 1998 14:53
Midas__A (Inspite of all the sharp upward predictions for POG in March by renowned astrologers) ID#340459:
Copyright © 1998 Midas__A/Kitco Inc. All rights reserved
wave and chart theorists and almost everbody here including myself, March is almost gone and POG didnt stir at all, I sure am losing faith in mobility of this vehicle called Gold, it looks aged and peeling, unable to perform as promised, takes in too much maintenance and breaks down in the middle of the road when it is most required. Whoever is out to tarnish it's legacy as often suggested in this august forum, has done a great job of it. If next couple of weeks remain dud as it has been for last 18 years, I am junking this to the Demolitian Derby.

Every possible thing to perk this beast has already happened but still no Buyer's in the Parking Lot.

Maybe it needs a real good used Car Sales man.

Ending March on a sad note....

Date: Tue Mar 31 1998 14:50
tolerant1 (bernatz -) ID#31868:
you are one of those children that took too much joy from reaching into their diaper and playing with their own feces.

Island boy, oy!!!!!!!!!!!!!!!!!!

Date: Tue Mar 31 1998 14:47
John Disney__A (I thought I heard a sound from the APEHOUSE) ID#24135:
YES Bart and please remove all
people too unevolved to think up
their own Monikers from this site.
. Stealing a Moniker .. How primitive..
. What lousy taste ....

Date: Tue Mar 31 1998 14:46
STUDIO.R (@EB and Teddo.....) ID#288369:
I have learned this....SPORTS...the Mother of all Disappointment. copyright, studio.r 1998.

Date: Tue Mar 31 1998 14:44
tolerant1 (theMissingLink-Hmmmmmmmmmmmmmmmm - deep, eh) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
yes, constantly, and smoking fresh wrapped home grown, it is truly amazing ( emphasis on ZING ) what you can do when you have the people in charge by the short hairs. Island Boy! Got your heart in the Caribbean, where my heart has always been!

I feel the sun and know the ocean, Island Boy, being a prick is easy……. if you have a soul, it ain’t easy being a prick and then you learn, dream, try, and if you are lucky a star chooses you and allows you to wish upon same self realization. And then hopefully you are not too old to live and give unto others.

Island Boy!

In retrospective thought to respond to your missive about Jews, Hmmmmmmm, my Mother is a Jew, my Father an Armenian, from the female the Jew is taken, yet from the Armenian the child is of the Fathers seed.

I thanked both of my parents for the bottle of wine they enjoyed prior to their entering into sexual, well, you catch my drift, huh, pal, no one, no deist, no thought, no country, nothing determines me, save myself, ( great pun huh,. ) the LAW is KINDNESS, RETRIBUTION IS UNDERSTANDING WHICH ENABLES YOU TO LIVE WITH YOURSELF WHEN YOU WANT TO SCREAM SO LOUD THE DEAF ARE BEGGING FOR RELIEF, and you learn to puke on your feet in private.

Jack Nicholson’s character was wrong, dead – wrong, I believe in the truth, even when it pains me, and challenges me to be more than I am…

Island Boy! La, la, la,……………………………..!

Date: Tue Mar 31 1998 14:44
SDRer__A (The Meeting Maddy Couldn't Make?) ID#286249:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
Tuesday, March 31, 1998: The News Channel
Arab FMs Discuss Mideast Peace

DUBAI ( Reuters ) - The foreign ministers of Egypt, Syria and Saudi Arabia on Tuesday held talks on Israeli-Arab peace efforts, Arab diplomats in Riyadh said. They said Egyptian Foreign Minister Amr Moussa and Syria's Farouq al-Shara met Prince Saud al-Faisal in Riyadh on Monday night and again on Tuesday

Egyptian television on Monday said Syria, Egypt and Saudi Arabia would hold a high-level meeting TO DISCUSS THE U.S. ROLE IN MIDDLE EAST PEACEMAKING AND THE LATEST AMERICAN INITIATIVE TO REVIVE IT.

The diplomats would not give any details on the talks and journalists were kept away from the meeting places. The Saudi official media and Saudi newspapers did not report on the talks.
http://www.arabia.com/content/news/3_98/arab_31.3.98.shtml

Date: Tue Mar 31 1998 14:39
ALBERICH__A (@CJS,Donald,Delphi) ID#212197:
Re: BIS ( Bank for International Settlement )
thanks a lot for your answers and interesting pointers to web pages!

Alberich

Date: Tue Mar 31 1998 14:39
EB (tooting horns) ID#230216:
puuuuuhleeeeaze....
GSC and horn tooting.....George, you have been 'tooting' that song for EVER. Tell us something new. YAWN.
away...to break trumpets
ÉßaloneyCop

Hey Ted...lousy finish to a good game last night, EH?

Date: Tue Mar 31 1998 14:36
2BR02B? (@pyramid/law of the jungle) ID#266105:


pyramid ( JDJ - joke de jour ) ID#217268:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


That is a reasoning mindful of the sturdy wisdom
of Finlandia. All the weak ones are killed
in the sauna. Tender ham on the wall thermometer
is marginally endurable, when it hits pork
roast, I'm outta there.


Date: Tue Mar 31 1998 14:34
John Disney__A (More activity in the APEHOUSE) ID#24135:
Copyright © 1998 John Disney__A/Kitco Inc. All rights reserved
Rugby Crisis...
This could cause a revolution ... Mandela and a few
other knotheads are mad at the Springboks and Louis
Luyt in particular about rugby. They have always felt
that the Springbok emblem and name was hurtful
to Black Africans. Most Black Africans didnt realize
that but it has gotten to be a real problem.
No one likes louis luyt ( the RSA Tzar of rugby ) because
he is a rude jerk. But now he and Mandela are having a
battle and Mandela and a couple of his advisors are threatening
to take away the springbok name and emblem and call the
boks the proteas or maybe the Violent Violets, or even
sanction their matches. This is because they dont have
any Black players.. Coloreds yes but Blacks no.
I want to resolve this by having Mandela field an all
African rugby team to play the Boks and see how they
go. Actually Im hoping to get the medical rights to
all body parts for subsequent sale to European buyers.
This could be better than gold.

Date: Tue Mar 31 1998 14:30
jman (b du v ?) ID#251268:
bothers you?hm toughen up a little,you can do it!

Date: Tue Mar 31 1998 14:29
STUDIO.R (@pyramid (lurking tower of Giza)...) ID#288369:
Ugh! um goodun.

Date: Tue Mar 31 1998 14:25
robnoel__A (bernatz,heres a great place for you to go to http:// www.commies.r.us) ID#410198:
.

Date: Tue Mar 31 1998 14:25
A.Goose () ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
Date: Tue Mar 31 1998 14:12
OURO__A ( A. Goose ) ID#237149:

When Japan decieds to send a message to the USG, it can buy out the comex eligible gold ( $44.8 million ) and silver ( $314.2 million ) stocks without even thinking about it. Only a measlely $359 million.

From what SDRer says, the Turkish branch of the Islamic bank could close out comex gold in an eye blink.

To get back to your point:

gold eligible - 100,000 individuals put $500 each and its gone.

silver eligible - 100,000 individuals put up $3,142 each and its gone.

It won't take much. And everyday it takes less.

Date: Tue Mar 31 1998 14:23
OLD GOLD (bad news) ID#238295:
Neophyte: I don't generally toot my horn, but I have pointing out for weeks how POG is ignoring bad news. Glad that Ted Arnold is catching on.

Date: Tue Mar 31 1998 14:22
pyramid (JDJ - joke de jour) ID#217268:
Copyright © 1998 pyramid/Kitco Inc. All rights reserved
A herd of buffalo can move only as fast as the slowest buffalo, and when the herd is hunted, it is the slowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular culling of the weakest members.

In much the same way the human brain can only operate as fast as the slowest brain cells. Excessive intake of alcohol, we all know, kills brain cells, but naturally it attacks the slowest and weakest brain cells first. In this way regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine. So that's why you always feel smarter after a few beers.

Date: Tue Mar 31 1998 14:22
robnoel__A (John Disney,you are up late,ever checked out this site,) ID#410198:
http://ourworld.compuserve.com/homepages/RAllport/homepage.htm

Date: Tue Mar 31 1998 14:21
bernatz du ventadorm (BART, COULD YOU PLEASE LIMIT THE NUMBER OF) ID#220143:
POPES PER DAY
BART, COULD YOU PLEASE INSTIGATE A REFORM POLICY WITH SOME TEETH

Date: Tue Mar 31 1998 14:17
chas (A Goose re salt etc) ID#342282:
Sorry, I forgot location--Morganton, N.C. Would use email, but outgoing is still out. Incoming ok. Re COT, I have 2 ideas- eligible and relation between Commercials and Specs. The main trouble is unzipping the data from CFTC. I've tried evrything on this computer and must have to get the right software. Working on it, but all suggestions welcome. I feel the way you do about eligible. This has to come from comex- I can get rest from CFTC as I see it. Will let you know, Charlie

Date: Tue Mar 31 1998 14:16
themissinglink (tolerant) ID#373403:
Huh? Are you drinking during the day again? Besides your post being incomprehensible to the average reader, there have not been a billion jews throughout history much less at any given point in time.


Date: Tue Mar 31 1998 14:16
aurator () ID#255284:
Trader
Na. Now you've been handled, it's yours to wear with pride. It seems new posters get one chance only at anonymity, altho your number will always be with you. May the 4s be with you. ;- )

Date: Tue Mar 31 1998 14:16
chas (A Goose re salt etc) ID#342282:
Sorry, I forgot location--Morganton, N.C. Would use email, but outgoing is still out. Incoming ok. Re COT, I have 2 ideas- eligible and relation between Commercials and Specs. The main trouble is unzipping the data from CFTC. I've tried evrything on this computer and must have to get the right software. Working on it, but all suggestions welcome. I feel the way you do about eligible. This has to come from comex- I can get rest from CFTC as I see it. Will let you know, Charlie

Date: Tue Mar 31 1998 14:16
tolerant1 (Studio_R) ID#31868:
The laughter of children has a home in Oklahoma..................

Date: Tue Mar 31 1998 14:12
OURO__A (A. Goose) ID#237149:
Let's put the people of Kitco together to toss in some money into a common pot and to with that to buy out COMEX's silver inventory : )

Date: Tue Mar 31 1998 14:12
STUDIO.R (@There are dishoarders and then there are hoard mongers........) ID#288369:
I must confess...I am the latter. For again today....IDCIBM....no farfelonious...I DO CARE...I BOUGHT MORE. Specifically, lovely Argentine 5 Pesos, circa 1880...presumably from the stupid Argentine central bank liquidation. Again I wait for my wild-eyed postman with sore arms. GO GOLDBUGS!

Date: Tue Mar 31 1998 14:12
TYoung (Pete) ID#317193:
I'm only nice after about three beers. BTW, could you talk to my wife-she seems to disagree with your analysis. Thanks for the thoughts. Tom P.S. think the shorts are done? I do, at least for a while.

Date: Tue Mar 31 1998 14:11
Selby () ID#286230:
Carpe Aurem: Whew -- you don't take half chances. This group is noted for its insistence that gold is going up since it was at $395. As well all paper is not to be trusted and all who disagree are morons, liberals or even socialists. To suggest that the DOW won't crash is risky business.

Date: Tue Mar 31 1998 14:11
aurator (Hi Ho Ho- off to the salt mines) ID#255284:
Frustrated
Bridge building, yes, a lot of that goes on here. We are all understnaind each other better. Our differences emphasise our similarities. Human beans are wonderful, no?

Date: Tue Mar 31 1998 14:10
GFD (APH: You the MAN!!) ID#424345:
Date: Tue Mar 31 1998 11:10
APH ( Silver ) ID#254201:
.... I just reversed my shorts and went long at 6.30.

Date: Tue Mar 31 1998 14:10
tolerant1 (John Disney_A) ID#31868:
And we wait in the trees.

Date: Tue Mar 31 1998 14:09
OURO__A (GOLD, ready to head south?) ID#237149:
we may see gold lower this ( $290.00 ) because of the FED's announcement for today and lower oil prices in the near future. Watch out below!

Date: Tue Mar 31 1998 14:07
John Disney__A (They belong in the APEHOUSE) ID#24135:
For Robnoel ..
Yes ... But you must always consider the
paradise that Robert Mugabe has built in
Zimbabwe... The Wisdom and Vision of carter
cyrus henry .. dont forget andrew.
What wonders they were... Giants ...

Date: Tue Mar 31 1998 14:04
OURO__A (APH, looks like its picking up momentum) ID#237149:
Silver heading up again, as you were betting on. Keep an eye on COMEX, we have some surprises to look forward to.

Date: Tue Mar 31 1998 14:02
OURO__A (looks better ;)) ID#237149:

Date: Tue Mar 31 1998 14:02
trader (Aurator, ForkLift, IMHO) ID#374307:
Thanks for your prompt replies to my query. My handle is TRADER. I don't know why it did not appear in my message. Do I need to type it into the Subject box?

Trader

Date: Tue Mar 31 1998 14:02
tolerant1 (Pete) ID#31868:
prima face'

Date: Tue Mar 31 1998 14:01
OURO__A (A.GOOSE, Please recalculate silver figure) ID#237149:
seems to me it would be more like 310 million, and not 3 billion.

Date: Tue Mar 31 1998 13:58
A.Goose (Oppps!!! mistake on silver price... should be $314,103,847.68) ID#20135:
Comex gold stocks for yesterday:

actual bullion that changed status = 34,506 ounces.

paper gold traded = 4,000,000 ounces.

only eligible 148,278 ounces left. ( $44.8 Million and it's yours - $302.70/ounce 13:46 )


To put it in perspective. Comex eligible silver sits at 48,472,816 ounces. It would take
$314,103,847.68 ( 6.48 ) to close out the silver stocks.

Date: Tue Mar 31 1998 13:54
Pete (ALL, HenryD, TYoung, OLD GOLD< Straddler, PH in La.) ID#222231:
Copyright © 1998 Pete/Kitco Inc. All rights reserved
How many here can claim to know each and everyones style or identity? Do we take someone for his knowledge and thereby accept or reject? I say we all discriminate on this basis. If just one, no matter how inane, stops posting, have we not all lost? Why do we try to say another's style changes, ergo it is someone else or many, As HenryD and others imply. His handle has to originate from a specific address. This address could be on a networking system of computors, or just one.

TYoung, I find you a refreshing, positive personality and want to thank you for your considerate remarks. I just wish some others would be less cynical.

OLD GOLD, your attitude is remarkable. No narrow mind in you.

Straddler, I see your from the Cleveland area. I lived and grew up in Shaker Hts. in my younger years. Even though we do not agree on another, It would be my pleasure to talk to you, if you wish.

PH in LA, the person I was speaking of is poorboys. He has posted some worthwhile thoughts ( not many IMO ) , and a lot of crap that has nothing to do with our common cause, namely PM'S. Everytime I or anyone else comments on another, he starts his stupid vendictives that serve no purpose. The more he continues in this vain, the more I will get his dander up. ( must be my Sicilian heritage. ) ( Also,you're another TYoung )

Collin Seymour and I have had some discussion regarding another. Collin's analysis is very revealing, well thought out, and would answer many doubts as to his writing style. I would post what he said with his permission only. I will ask him shortly.

LET'S ALL BE TOLERANT2! BBL

Date: Tue Mar 31 1998 13:54
A.Goose () ID#20135:
Comex gold stocks for yesterday:

actual bullion that changed status = 34,506 ounces.

paper gold traded = 4,000,000 ounces.

only eligible 148,278 ounces left. ( $44.8 Million and it's yours - $302.70/ounce 13:46 )


To put it in perspective. Comex eligible silver sits at 48,472,816 ounces. It would take $3,136,199,119.52 to close out the silver stocks.





Date: Tue Mar 31 1998 13:53
Carpe Aurem (NikkieDow) ID#339292:
Hey Al

Nikkei 225 16527.17 +264.13

Date: Tue Mar 31 1998 13:53
tolerant1 (robnoel_A) ID#31868:
It ain't over 'till its over pal...read Schweitzer - The Animal World of Albert Schweitzer -ECCO - a delightful friend of my family, a lovely human being.

And we wait in the trees...and the stars are for hollywood. Hah!

Date: Tue Mar 31 1998 13:52
jman (still not sure ) ID#251268:
about cbs quotes but O.I. just droped from 11500 to 5000 GCJ8
I was fantasizing that they would all declare their intention to
take delivery. GO SUGAR!

Date: Tue Mar 31 1998 13:50
HenryD (Allen(USA) RE: Nikkei 225) ID#36156:
http://quote.yahoo.com/quotes?s=^N225&d=t

Date: Tue Mar 31 1998 13:50
Carpe Aurem (@vronsky) ID#339292:
Copyright © 1998 Carpe Aurem/Kitco Inc. All rights reserved
12 months of 'irrational exhuberance' will not vapourize in one single day because there hasn't been 12 months of irrational exhuberance. I don't believe the fundamentals of the market resemble anything remotely similar to the market of 29. Today, you have earnings growth that has been incredibly strong since 1982, increasing at logrythmic rates. What with new market sectors that seemingly have no bounds ( Tech & BioTech ) you've got a set of fundamentals that the US market has never experienced before. I agree that the shareholder base is WAY too diverse and that lends itself to a market being run by uninformed and ignorant investors, but the US market will not blow up.

I believe a more likely scenario would be for the effects of the Asian flu to be felt in corporate earnings growth which could create a period of underperformance, i.e. a flat DOW for a few years, but not implosion.

Date: Tue Mar 31 1998 13:47
robnoel__A (Retired Soldier,Rhodesians we won all our wars,just a pitty we lost our country) ID#410198:
.

Date: Tue Mar 31 1998 13:47
tolerant1 (Retired Soldier - the continued propagate is ) ID#31868:
none the less still a fantasy.

Date: Tue Mar 31 1998 13:45
Gusto Oro (WHY ARE SILVER STOCKS TANKING!!!!!!!) ID#377235:
What is going on? Silver up 12 cents and all my silver stocks are down sharply. Somebody explain!!!!!

Date: Tue Mar 31 1998 13:44
themissinglink (Fed Policy) ID#373403:
Copyright © 1998 themissinglink/Kitco Inc. All rights reserved
I think that given the lag time for a tightening policy to actually affect the market and the immediacy of inflation in the numbers we see today, the Fed has already waited too long to tighten. They pinned their hopes on Asia slowing down the economy five months ago and it has not. Asia has affected corporate profitability but not aggregate demand so the labor squeeze is leading to the inflationary spiral. Labor costs are rising but the ability to raise prices is cut off at the knees, thereby cutting profit.

Inflation in real estate. Real estate sales and prices are rising. This is inflationary, especially if investments fail to keep pace with property value increases. Rising vales are cutting into the purchasing power of savings, i.e. inflation! Wages will be held back by Fed policy in the end.

If the Fed does not have the courage to tighten, then they will allow inflation to show itself so people demand Fed action. Many people have never experienced inflation and do not understand why it is bad.

Date: Tue Mar 31 1998 13:43
Allen(USA) (Does anybody know the Nikkie closed this AM?) ID#246224:
Thx!

Date: Tue Mar 31 1998 13:41
RETIRED SOLDIER (@ Tolerent1) ID#347235:
Just a reminder the Jews have won the last four wars they fought, who else can say that?

Date: Tue Mar 31 1998 13:41
tolerant1 (mapleman) ID#31868:
the truth always exceeds our expectations -

Date: Tue Mar 31 1998 13:40
tolerant1 (A.Goose) ID#31868:
Brabo!

Date: Tue Mar 31 1998 13:40
mapleman (FLYING HIGH) ID#348127:

Yes I thought silver would make it above 7.°° but not today. Look at her go - Now up 14¢

Date: Tue Mar 31 1998 13:37
A.Goose () ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
A.Goose's Top Ten Reasons Greenspan Won't raise Interest Rates

10. He got confused between inflation and infatuation.
9. His seat on the FMOC highjacked by his evil clone.
8. Hillary has not finished buying all the gold futures she wants.
7. He doesn't want to lose his bet with Warren.
6. Rubin has stolen his code book.
5. He is married now - he doesn't have the time.
4. He has forgotten how to get it to rise.
3. Hillary would get angry and He knows what that means.
2. He has to much invested in the MARKET.
1. Billy doesn't want to be IMPEACHED!!!!

Date: Tue Mar 31 1998 13:36
Allen(USA) (Good posts everybody.) ID#246224:
Keep up the good work. Very interesting. Let the arrow shaped fruits fly like time I always say! and, of course, GO GOLD and SILVER ! !

Date: Tue Mar 31 1998 13:35
jman (APH good call) ID#251268:
good trade,you probably already moved your stop up to cover
com.and your on a free ride ye ha ridem cowboy!

Date: Tue Mar 31 1998 13:35
Frustrated (XAU and aurator) ID#298259:
XAU in positive territory.

aurator: hear's to bridging the gap...however, I just hope it doesn't take us on a bridge to the 21's century.

Date: Tue Mar 31 1998 13:30
223 (Aurator: Time flies like an arrow.) ID#26669:
Fruit flies like a banana.

And I like SWC.

Shoulda' bought more, but then I'd 'a worried more w'en it wa' down.

http://www.stockmaster.com/sm/g/S/SWC.html

Date: Tue Mar 31 1998 13:29
Prometheus (@Strong Man) ID#210235:
Not only did you mention common sense in relation to markets, you mentioned gold in the same post.

Go stand in the corner and no peeking until markets close today.

Date: Tue Mar 31 1998 13:27
aurator (Penny dropped) ID#255284:
Just coloquialism for Ah Ha.
Two countries divided by a common language - Churchill

Date: Tue Mar 31 1998 13:24
Frustrated (aurator) ID#298259:
I guess we're even because I didn't get the penny thing. Bee Gee's reference in regard to your thank you posted a day or so ago.

Date: Tue Mar 31 1998 13:24
tolerant1 (robnoel_A) ID#31868:
May you live forever and the last voice you hear be that of a loved one.

Date: Tue Mar 31 1998 13:19
Nick@C (Kitco live) ID#393224:
Gold and silver moving up nicely.

http:///gold.live.html

Date: Tue Mar 31 1998 13:16
mapleman (SUNSHNE MINING SSC) ID#348127:

SSC should go on a tear with this next rally in silver. Have had e support above 6.²° - looking for a move to the 7.°° level next week with Buffet situation taKing front stage again.
SILVER NOW UP 11¢ ---GO BABY GO

Date: Tue Mar 31 1998 13:15
SDRer__A (BASIC Costs, year-on-year, in another part of the world....) ID#288157:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
Headlines from DÜNYA March 31, 1998 Tuesday
Housing Construction Cooperatives Prepare to Boycott Iron Housing constructors prepare to boycott iron, due to uncontrolled price increases. Hüseyin Aslan, chairman of Ege-Koop, which encorporates 20 construction cooperatives in the Aegean region, stated that they were to make a joint action plan. Aslan said that iron prices in the Aegean region had increased more than %100 in a year. The biggest seller of the region Metas is blamed for selling iron on US$ basis with daily increases in price even above the increase in dollar. Constructors claim that it has become impossible to calculate costs, since along with concrete and cement iron is among basic input in construction. Aslan added that they may take the case to the Competition Council.

CONSTRUCTION COSTS
...................Jan 97...Jan 98..%Chng
1. Cement
Thousand TL /ton...5.250....9.700...+ 85%
1. Concrete
160 ( TL /m3 ) ..... 4.610....8.725...+ 89%
3. Iron
( TL /ton ) ...,,,,,,.31.787...63.873..+101%
4. Timber
( TL /m3 ) ..........17.800...36.000..+102%
5.Diesel oil
( TL /lt ) ...........56........112....+ 98%

Date: Tue Mar 31 1998 13:15
robnoel__A (tolerant1,Henry,Cyris,and Jimmy cost me a perfectly good Republic,thanks for the EMail) ID#410198:
.

Date: Tue Mar 31 1998 13:14
aurator (Frustrated) ID#255284:
penny drops

slooowaurator

Date: Tue Mar 31 1998 13:14
BillD (ER...UM....er...um...ANYBODY watching Bart's) ID#258427:
PM displays? Silver up 11 cents...gold up .55...go gold and TED

Date: Tue Mar 31 1998 13:11
TYoung (Shorts) ID#317193:
Methinks the shorts had their day and one-half run. Not very sucsessful as of right now. IDCIBM Tom

Date: Tue Mar 31 1998 13:10
aurator (And then there's Fly fishing---) ID#255284:
While I don't keep daily data, too lazy, the POG in NZ$ is well over 12% above its January low, when I started loading up. NZ$ getting ready to burn.

Frustrated,
Not sure I got all that. It is very early here, dawn nowhere in sight, and it's April Fools Day so I am probably even dimmer than usual.
It reminded me of a translation of the phrase Time flies like an arrow in an English to Japanese software program I looked at a few years ago. The translation became: Flies, belonging to the species time, like eating arrows.

Date: Tue Mar 31 1998 13:10
tolerant1 (oh TED - what a chubby I have - yea hah) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
Kentucky comeback nets NCAA basketball title


Copyright © 1998 Nando.net
Copyright © 1998 The Associated Press


Check out Nando's coverage of The NCAA Tournament.
For a complete roundup of basketball news, check out The Basketball Server.

Runnin' Utes just ran out of steam
Kentucky fans celebrate seventh national title
Utah's Johnsen leaves Final Four with bitter feeling
Sheppard sacrificed in 1997 for glory this year
SAN ANTONIO ( March 31, 1998 11:43 a.m. EST http://www.nando.net ) -- Call them the Comeback 'Cats. Kentucky capped a truly maddening March with an unprecedented second-half rally, beating Utah 78-69 Monday night to win its second NCAA championship in three years. And the Wildcats did it this time with a new coach and without stars in their lineup.

Kentucky won its seventh national title with its third straight rally of the tournament and became the first team to overcome a 10-point halftime deficit.

With Tubby Smith working the sidelines instead of Rick Pitino and with former stars Antoine Walker, Ron Mercer and Derek Anderson in the NBA, Kentucky moved one trophy closer to UCLA's record total of 11.

It was the third straight year the Wildcats were in the championship game -- they lost to Arizona in overtime last season -- and the third straight year they ended Utah's season in the NCAA tournament.

Utah's impressive run to what would have been the school's second title and first since 1944 ended because Kentucky did what No. 1 seeds Arizona and North Carolina couldn't do against the Utes -- shoot well.


Date: Tue Mar 31 1998 13:10
tricky (interest rate and housing links) ID#304282:
http://biz.yahoo.com/finance/980330/economy_sc_2.html

http://www.abc.net.au/news/business/1998/03/grom1998033126.htm

http://biz.yahoo.com/finance/980330/us_economi_1.html

Date: Tue Mar 31 1998 13:02
tricky (Did anyone see this?) ID#304282:
I saw on CNN last night where new housins starts were up 25% in the midwest and almost 20% in the Northeast. The South offset this huge number by posting a 12% loss. They talked to a guy that said housing prices were increasing at 3 times the rate of inflation. ( Could it be that the stated rate of inflation is wrong? Surely not. )

25% seems to me like a HUGE gain. The fed must tighten soon, if not today.

Date: Tue Mar 31 1998 13:01
tolerant1 (robnoel_A - an oft asked question - how do we wash the blood from our hands?) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
Simple, soap and water. Do you really believe that scumbags like the clintons, the blairs, the oh so nebulous they control things.

history has proven time and time again, you can get to anyone, anwhere, anytime, mandela, murderer of children, begin, murder of nurses, need i continue, those without souls are held up high, i would not let my dog eat from their plate.

and a special note to h. kissinger you little waterboy you, remember, 1947 - dickhead - your people keep terrible records - pissant that you and yours are, and you thought the jews were good administrators.

it takes 10 arabs to confuse a jew and 1,000,000,000 jews to try and confuse an armenian and lose, but it is fun to watch you squirm...

and nothing changes but the pictures and stories of suffering... for this I cannot forgive myself...ever hopeful, my mantra ----------------------

Date: Tue Mar 31 1998 13:00
Frustrated (@aurator) ID#298259:
It's nice to see you aren't a Spirits ( Having Flown ) ..from the Bee Gee's.

Date: Tue Mar 31 1998 12:57
ForkLift__A (Trader) ID#324266:
IMHO represents in my humble opinion.

Date: Tue Mar 31 1998 12:55
CoolJing (one more bottom call) ID#343171:
Dain Rauscher Investment issued a 'Technical Update' today,

... we are seeing a major bottom in the gold stocks, which
tells us that the downside risk from current levels is quite low..

...prompting some new technical buy ratings on several issues.

They go on to rate as BUY: Barrick ( ABX ) support 19-20, resistance at 24; Battle Mountain ( BMG ) support 5 1/2-6; Homestake ( HM ) support 19, resistance 13.



Date: Tue Mar 31 1998 12:51
robnoel__A (PH in LA ,once again if ANOTHER is the one chasing METRIC ton deals he's an idiot) ID#410198:
.

Date: Tue Mar 31 1998 12:50
Ray () ID#411149:
KMTMAN- Hawaii is fine but Cape Town is in my opinion the best
and that is where I will be.

Tally Ho

Date: Tue Mar 31 1998 12:50
D.A. (piecing.the.pieces.together) ID#7568:
Copyright © 1998 D.A./Kitco Inc. All rights reserved
All:

Yesterday, the House of Buffett ( Phibro ) purchased between 1000 and 1500 May 650 silver calls. While there is no way of knowing who the ultimate buyer of these babies was, the pedigree of the buying is quite significant.

A little while back, we saw the liquidation of between 40 and 60 million ounces of silver belonging to one of the technical trend following funds. This silver was rumored once again, to have found its way into the coffers of WB. This very same silver was of the Comex variety and as such was mostly for May delivery.

The history of the WB accumulation has shown that he is a buyer of paper silver, but when its time comes due, he is happy to pay the bill and put the physical under the mattress. Additionally, he has also shown a distinct preference for the OTC silver market as opposed to the Comex market which comes with all its attendant regulatory strings.

At the time of the his last rumored purchase, the EFP market did not tighten as much as could be expected, if in fact he switched the May futures for physical. My guess is that the position was traded for a London forward. If the forward was matched to the May future, it would be coming due at the end of April.

If I were a broker for Phibro, and I knew that 40 million ounces of physical silver was going to have to be delivered at the end of April, I might well avail myself of the opportunity in the May option expiration. The open interest in the May 650 call contract as of yesterday's close was 3800 lots or 19 million ounces. Add in another 12 million ounces of May 625 options and the potential for a squeeze seems to be shaping up.

In the March silver expiration there was much talk of a similar play. People harkened back to the squeeze of 1995 where out of the money options were exercised en masse. The only problem with the theory at the time was that the March open interest in the relavant strikes was too small to be of any consequence. With around 30 million ounces of call options out there in the May, there is potential for some fireworks.

Be careful out there.

Date: Tue Mar 31 1998 12:47
CJS (ANOTHER's Belgian CB sale) ID#328159:
-
299 tonnes sold by Belgian CB for US$305? Wasn't that significantly above the price of gold? Whatever happened to discount for bulk purchase? If I go to the coin shop I expect to pay less per coin for 100 Maple Leafs than if I buy 1 Maple Leaf. If I am a bank buying tonnes, would I not expect to get pretty close to the spot price? What possibilities does this suggest ( correct me if I'm wrong ) :

1: The purchasing banks required physical delivery in 5-10 days. If they must pay over the odds for the gold, this suggests that there is a shortage of gold for physical delivery! Only paper gold is available at the spot price! In previous sales, the sale was made over a much longer time frame, so delivery could be strung out. Why did the purchasing CBs want the gold so quickly? Could this have something to do with capital adequacy ratio requirements?

2: Was the price paid a political subsidy to the Belgian CB for some reason?

3: Has the BIS skimmed off an unreasonably large profit, added to the price paid? I doubt it.

There are more questions than answers; and the more I find out, the less I know. - Johnny Nash

Date: Tue Mar 31 1998 12:46
robnoel__A (Although we all know how screwed up everything is here more info to make you sick) ID#410198:
http://www.federalistdigest.com/current.asp

Date: Tue Mar 31 1998 12:44
aurator (poster with no handle, yet.) ID#255284:
IMHO= In my humble opinion
watch for
IAIYH It's all in your head
LOL Laugh ( ing ) Out Loud
ROTFL Rolling On The Floor Laughing
ROTFLOL Rolling on the Floor Laughing Out Loud
that noone uses

G'day Teddo Go Acapulco Gold! ( Are they a football team? ) :- )

Date: Tue Mar 31 1998 12:43
PH in LA (Re: ANOTHER's posts) ID#225408:
Copyright © 1998 PH in LA All rights reserved
Trinovant, HenryD, Pete etc:

For days I have been requesting transparency on how the Kitco registration works. Occasionally we get posts from unidentified sources with ID numbers in wildly varied ranges. How does this happen? How does one circumvent the Kitco registration system?

More to the point: How do you explain that all of ANOTHER's posts have the same ID numbers if several posters are using the same handle? These are not pointless questions and should be addressed by Bart and/or his webmaster.

Pete: Please name the poster who knows who he is as it would seem that numerous posters would qualify. I, also have little patience with thoughtless remarks disparaging ANOTHER. Consider this: It would not be particularly difficult for a knowledgeable and sophisticated intellect to use gramatical incongruencies and syntactical variations to help conceal his origens. ANOTHER probably speaks several languages. It is far less likely that an unsophisticated mind should discuss matters such as these ( gold, Euros, effect on US$ of Euro's advent, etc. ) in any meaningful way at all. The content of ANOTHER's posts stands on its own.

Date: Tue Mar 31 1998 12:43
Cyclist (upside) ID#339274:
Breakout xau.Stop 79

Date: Tue Mar 31 1998 12:41
tolerant1 (Yes and a lesson therein) ID#31868:
In My Humble Opinion IMHO - that is why we habe two ears and one mouth-

thus endeth the lesson

Date: Tue Mar 31 1998 12:39
jman (FND April gpld today) ID#251268:
I'm not sure if it means much but today is first notice day
for longs who wish to take delivery and cbs quotes has 11500.
contracts still out ,it would be nice to see someone actualy take
delivery,yesterday somebody posted about taking delivery and it
took 3 1/2 months?hm sounds a little fishy

Date: Tue Mar 31 1998 12:36
Donald__A (@Alberich: Here is the BIS home page if you want to look) ID#26793:
http://www.bis.org/index.htm

Date: Tue Mar 31 1998 12:35
(IMHO) ID#209103:
As a newcomer to the group, I am counfounded by the oft repeated references to IMHO. Can anyone help?
Thanks
Trader

Date: Tue Mar 31 1998 12:30
tolerant1 (Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm) ID#31868:
Believe in yourselves, take a walk, return to that which you call home, hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm……………………………………………………………………….

these pissants that you think are in control are nothing more than empty hives of deceit, hollow emptiness of all that we should never wish to become…………………………

Men are men, women are women, look around you, what do each of you respect, that is your wealth.

Date: Tue Mar 31 1998 12:27
mapleman (SILVER IS A BUSTIN OUT) ID#348127:

Up 4¢
Go Siver

Date: Tue Mar 31 1998 12:22
Rob (The gold break out) ID#410114:
It looks like the bears waited until gold and the xau had a break out before they went short. Who's the sap? The bulls or the bears?









Date: Tue Mar 31 1998 12:22
OURO__A (APH) ID#237149:
I agree with APH.specially with the COMEX warehouse stocks of silver dropping. Silver long at this moment would be less risk, although as you mentioned, there are still possibilities of silver going down to 6.20 before the rally.

Date: Tue Mar 31 1998 12:20
vronsky (ALL IN ONE SINGLE DAY… ) ID#426220:
-

Black Tuesday shook the world's financial pillars.

On October 29, 1929 Wall Street suffered its worst loss in history -- CANCELING OUT ALL THE GAINS OF THE 12 PRECEEDING WONDERFUL MONTHS OF IRRATIONAL EXUBERANCE.

Contemplate the monumental, heart-wrenching significance of it: ALL the accumulated profits of the last 12 months were vaporized in one single day! ONE S I N G L E D A Y….!!

Although I seriously do NOT think it could happen again… it is NOT beyond the realm of impossibility, simply because it happened before.

GOLD was a safe harbor then… and it will again be when the current stock market Bubble Burst eventually and inevitably occurs again. Less we recklessly ignore how rapidly economic life can deteriorate, PLEASE review the devastating events of South-East Asia during the last six months.

As an 'investment vehicle' per se, INSURANCE leaves much to be desired… that is until the UNFORESEEN CATASTROPHE OCCURS. Any type of precious metals investment might be considered as long-term 'INSURANCE' for your paper investment portfolio.

Remember, 12 months of IRRATIONAL EXUBERANCE of stock market gains were vaporized in ONE SINGLE DAY in 1929. Only the reckless ad foolhardy would NOT seek some type of 'INSURANCE.'

Date: Tue Mar 31 1998 12:20
CJS (Alberich 10:57- About the BIS) ID#328159:
Here you will find URLs related to the BIS, some commentary, and consideration of why the BIS will not allow the gold price to fall below $280:
http://www.netking.dircon.co.uk/finart1.htm

Date: Tue Mar 31 1998 12:15
StrongMan (Big Surprise!!!) ID#286349:
-
The stock markets could be jolted back to reality in a couple of hours. Or the markets could just rally further after 2:15PM EST. Most say that no change in interest rates is expected. However, IMHO this is a tough one to call. The US economy is no long in perfect balance and there are future possibilities of very severe disruptions.

If you dig deep enough into all the data and information and find the real story, instead of just what's on the surface, you will find sufficient evidence to believe that the best course of action at this time is to tighten. Who knows what effect this would really have on gold.

There has been more and more talk about the stock market being a little risky these days. So people ask Where do we put our money? Answers are usually, Cash, Bonds and Money Markets. Hello! Hello! All you two bit investment advisors!!! What is wrong with GOLD? Just because there aren't any fancy charts showing big returns from investments in Gold it is not mentioned as a safe investment. I for one like the look of the Gold chart. It shows Gold at near 18 year lows. What happen to common sense, Buy Low, Sell High?

Oh I forgot. Forgive me for mentioning common sense when talking about today's markets.



Date: Tue Mar 31 1998 12:13
A.Goose () ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
Thanks SDRer.

On another subject. I just will not believe that ASIA and the Middle East will sit quietly by and give support to the Euro.

They are the manufacting ( Asia ) powerhouses of the world. Combine that capability with oil ( Middle East ) and other natural resources and you have the 800 pound guerilla facing the Euro paper frog and the US paper worm. Another currency will evolve out of the Middle East- Asian connection. I will be gold backed, and I for one think it will do wonders for the world and world trade.


IMHO

Thanks for all the GREAT research you have done it this area.

Date: Tue Mar 31 1998 12:13
Neophyte (market no longer reacts to bearish news - and China selling silver) ID#390249:
Copyright © 1998 Neophyte/Kitco Inc. All rights reserved
The attached daily PM update is interesting. Ted Arnold is struck by how the gold market no longer reacts to bearish news. The article mentions that comex gold stocks went up but nothing about elibible stocks going down. We should send A.Goose's numbers to some Reuters reporters - I think the main gold reporters are Clive McKleef and Patrick Chalmers. Does anyone know how to contact them? Maybe they'll include the real numbers in their reports.

Also interesting comments on China selling silver.

http://www.infobeat.com/stories/cgi/story.cgi?id=2553558282-9e7

Date: Tue Mar 31 1998 12:12
Ray (gold) ID#411149:
Old Gold- that is a HOPE by me and an indication of his charts
and reading of the stars by a good friend that has been callin
it right for as lost as I have know him, 6 mos or so. A lurker
to this forum and if he wants to give his name he can but
I can only report what I know to be FACT! so far

As for my hope, all anyone has to do is LOOK OUT THE WINDOW.
I went into business in the early 70's and I see the same thing
happening now X10.

Tally Ho

Date: Tue Mar 31 1998 12:11
Straddler (HenryD - Another) ID#280215:
Copyright © 1998 Straddler/Kitco Inc. All rights reserved
Also am not anti-Another, although my sarcasm might indicate otherwise. Just think it's obvious now that based on the 8:32 post, ANOTHER is not one person. I suppose someone will say that he/she has many translators. It's an out, I guess, for the fanatic Another followers. But from an investor point of view, I guess the best answer is who cares, as long as he/she can help you make money. That hasn't happened yet, but time will tell. I must be away now for some time to eat lunch, check out skirt lengths, pay bills, check out skirt lengths ...... When you get 80 degrees here in Cleveland in March, the markets are the last thing on my mind for the moment.

Date: Tue Mar 31 1998 12:09
KMTMAN@VANCOUVER (POG) ID#270315:
POG at $350 by August would make me very happy. $550 And I am on the first plane to Hawaii.

Date: Tue Mar 31 1998 12:06
A.Goose (I think it is obvious that the FED has lost all control over interest rates.) ID#20135:
Everyone knows that the second they raise rates the stock and bond markets crash. Al is all gums and no teeth, and EVERYONE KNOWS it.

We will just continue to watch the comex eligible gold stocks drop.

BBML

Date: Tue Mar 31 1998 12:06
JP (Price of Gold, Old Gold) ID#253153:
I also like Ray think that the POG will be $500 by Aug ,1998 and $700 by the end of 1998.

Date: Tue Mar 31 1998 12:05
BillD (Gotta love that DOW....UP 106 POINTS) ID#258427:
My question to the ANOTHER'S out there....WHEN?

Date: Tue Mar 31 1998 11:59
SDRer__A (A. Goose--Many thanks for your continuing efforts to ) ID#28594:
peck the Comex Gordian knot through! Your efforts are important and
very much appreciated.

Date: Tue Mar 31 1998 11:59
OLD GOLD ($550 by August?) ID#238295:
Ray: $550 by August. Is this a wish or a serious expectation? I'll be mighty happy if we hit $350 by August and $550 by the end of the century.

Date: Tue Mar 31 1998 11:55
ForkLift__A (larryn) ID#324266:
rangy can be found on the NASDAq

Date: Tue Mar 31 1998 11:49
larryn__A (RANGY) ID#32078:
WHOEVER MIGHT KNOW.
Is RANGY traded in the US as an ADR? It is not quoted on the SA page for ADR's traded in US.

Date: Tue Mar 31 1998 11:47
HenryD (Don't Look Now:) ID#36156:
But all PM's are G R E E N !!!

Date: Tue Mar 31 1998 11:45
A.Goose () ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
Date: Tue Mar 31 1998 11:27
chas ( A Goose ) ID#342282:

Thanks Chas. Where are you located.

If I can get people to use the e-mail, I won't have to worry about missing the posts.
COT
( Salt Std@aol.com ) you need the space between the Salt and Std.

I wish I could help you on generating the charts on COT. I would love to see the data charted on eligible stocks over the last few years.

It boggles my mind to think that comex has only 148,278 ounces of gold eligible for delivery. It is such a small amount. Good thing I am not real rich, because I would buy it out without thinking twice. The NEWS of the eligible stocks going to zero iwould cause would cause the price to jump. $45 million and its gone.

Date: Tue Mar 31 1998 11:38
Delphi (ALBERICH__A , 10:57 (What does BIS stand for )) ID#258129:
BIS stands for Bank for International Settlements, Switzerland

Date: Tue Mar 31 1998 11:37
mapleman (OPEC) ID#348127:

Can someone tell me when thOPEC meeting is?
Thanks in advance

Date: Tue Mar 31 1998 11:36
jman (usda reports?) ID#251268:
hardly look bearish to me but wow market setiment ka boom
cherokee is on the war path and gold is in the green GO SUGAR!

Date: Tue Mar 31 1998 11:33
chas (Preacher re your methyod) ID#342282:
I think you're right- a good practical approach. I'm getting bogged down, so at least for a while I'm deferring to you,Charlie

Date: Tue Mar 31 1998 11:33
tolerant1 (Ted - and then the armenian led the swanislanders) ID#31868:
into the caverns and unto their eyes, before them was the ocean of tequila.

and all said it is good.

Date: Tue Mar 31 1998 11:29
HenryD (Straddler (HenryD, Trinovant - RE: Another's Thoughts) ) ID#36156:
Strad; Compounding my discomfort is the barely lucid follow-up at 08:41.
So what happened to s/he's English between 08:32 and 08:41? I don't want to be branded as a disbeliever or anti-ANOTHER ( actually, I'm an avid reader of his THOUGHTS ) , so I'll drop the matter right now. I was just taken by his THOUGHTS of late that seem to have a source in more than one mind.

HenryD - Go Gold ( creeping, creeping, creeping... )


Date: Tue Mar 31 1998 11:27
chas (A Goose) ID#342282:
RE salt-- checked 4 major stores: range 33 cents to 35 cents/pd. Average is 33.75 c/ pd. Hope this helps, Charlie

Date: Tue Mar 31 1998 11:27
Ray (fine) ID#411149:
Hey Preacher- How was that play, Pashion, that is? I am fine, had the AC man over yesterday and today it is back in the 50's and commin your way.
Won't make Atlanta this year, got a chance to go to Monterey, Pebble Beach that is.

Gold $550 by august! RYO=$6.00 DROOY=$25+?

Tally Ho

Date: Tue Mar 31 1998 11:23
Ted (Tolerant1 and 'The Keys'----12 gallons of Rum) ID#330175:
What will we drink after the first day,huh?

Date: Tue Mar 31 1998 11:22
Preacher (APH, chas, & ray) ID#225273:
APH,
Thanks for the update on the silver action and your trading.

chas,
You're making T/A too complicated for me. I can't do that much work.I look at chart patterns like key reversals, gaps, flags, pennetts; I look at trend lines; I look at oscillators like stochastics and RSI; and I look at moving averages.
Since we're only making an educated guess at what tomorrow holds, I find these to be enough.

ray,
How you doin', buddy?

The Preacher

Date: Tue Mar 31 1998 11:20
Ted (Acapulco GOLD~~~~~~~~~~~~~~~~IDCIBM) ID#330175:
'I don't care I'm buying more'

Date: Tue Mar 31 1998 11:19
Preacher (APH, chas, & ray) ID#225273:
APH,
Thanks for the update on the silver action and your trading.

chas,
You're making T/A too complicated for me. I can't do that much work.I look at chart patterns like key reversals, gaps, flags, pennetts; I look at trend lines; I look at oscillators like stochastics and RSI; and I look at moving averages.
Since we're only making an educated guess at what tomorrow holds, I find these to be enough.

ray,
How you doin', buddy?

The Preacher

Date: Tue Mar 31 1998 11:19
Ted (Tolerant1-----they got lucky(what can I say,huh)) ID#330175:
~~~~~~~~~~~~~~~~

Date: Tue Mar 31 1998 11:17
A.Goose (Comex Eligible gold stocks dropped 19% yesterday!!!) ID#20135:
TOTAL REGISTERED
443,552 75,190 31,958 43,232 34,506 521,290
TOTAL ELIGIBLE
182,784 0 0 0 -34,506 148,278
COMBINED TOTAL
626,336 75,190 31,958 43,232 0 669,568


Get your friends together, you need only $44,653,919.70 ( at $301.15 11:14AM ) O PURCHASE ALL THE ELIGIBLE GOLD STOCKS IN CPOMEX!!!

Paper gold traded 4million ounces, while only 34,506 ounces actually changed status.

The game is getting more interesting.

Date: Tue Mar 31 1998 11:13
tolerant1 (HEY...TED...NEED A LAWN MOWER TO CUT THAT) ID#31868:
KENTUCKY BLUEGRASS...HOW SWEET IT IS!!! Yeah, yeah, yeah, go gold...

You ever get down to the keys the first 12 gallons of rum are on the house!

Date: Tue Mar 31 1998 11:13
2BR02B? () ID#266105:


Last time checked, drooy, hgmcy unch; rangy down 2%.

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

Date: Tue Mar 31 1998 11:10
APH (Silver) ID#254201:
May silver on a hourly chart is forming a tight pendent. Based on the pole a break above the pendent projects as high as 7.20. The low 6.20's is holding and the XAU seems to be holding also.If May closes above 6.38 go long. I just reversed my shorts and went long at 6.30.

Date: Tue Mar 31 1998 11:10
ALBERICH__A (@ForkLift: Thanks a lot!) ID#212197:
I appreciate your fast reply!

Be blessed with lots of gold!

Alberich the Dwarf

Date: Tue Mar 31 1998 11:08
chas (Silverbaron, yours to A Goose) ID#342282:
This is part of what I'm trying to do including analysis of COT. I'm having trouble getting replys. In any case I believe this is on track. When enough data can be accumulated and quantified and the appropriate numbers charted vs price and volume, there could be an enlightening multi-dimensional view. Most of this will have to have a historical perspective ( 2 - 5 yrs ) . JTF, Jeil, Preacher, Mike Stewart and anyone welcome to propose T/A concepts that can be charted. Unfortunately, at the rate I'm able to proceed, the move we are after may be history.

Date: Tue Mar 31 1998 11:04
LITFG (Gold Down) ID#123280:

Everyone said gold would be up Tuesday, which is today. It is still early hope we get a break today. I will give it the rest of the day to improve.

Date: Tue Mar 31 1998 11:03
Tyro (The demand for equities has very nearly maxed out . . . CBS Marketwatch commentary) ID#36977:
http://cbs.marketwatch.com/news/current/baz.htx?source=htx/http2_mw

Date: Tue Mar 31 1998 10:59
ForkLift__A (Alberich) ID#324266:
BIS stands for Bank for International Settlements

Date: Tue Mar 31 1998 10:57
ALBERICH__A (What does BIS stand for ) ID#212197:
..in reference to ANOTHER's post from 8:32.

He says:
This purchase was completed by the BIS for it's account and held in five CBs.

Your help is highly appreciated.

Thank you in advance.

Alberich the Dwarf

Date: Tue Mar 31 1998 10:49
EB (Rob F, fellow optician) ID#22956:
-
The quotes you seek can usually be found at Kitco:

http:///gold.live.html

Updated regularly

Now, will other goldbugs give our new friend some help with what he seeks? A little help will be good. DOES ANYONE HAVE ANY GOOD URLS

Or will it be more of the same......US economy sucks, dollar will dive, gold will soar, DOW will tank, Bill Clinton is a womanizer, etc. etc. etc., blah, blah, blah....I always come here when I need a strong dose of pessimism... ( not to be confused with reality ) ...uh uh.

away... to the grind

Éß

Date: Tue Mar 31 1998 10:45
vronsky (IT'S NOT QUALITY OF RESERVES, BUT QUANTITY) ID#426220:
Copyright © 1998 vronsky/Kitco Inc. All rights reserved

REF: CC ( SA Golds Stocks vs NA Gold stocks ) :

Firstly, I wish to say I have the greatest respect for CC's North-American small silver mines research. In my considered opinion he has NO PEER in this select precious metals area. However, I have a couple of problems regarding his recent post comparing third-tier N/A gold producers with major South African gold stocks.

Firstly, CC compares three smallish third-tier N/A golds with major South African first-tier producers. A much more valid and objective comparison would be to liken the N/A mines to those South African companies of comparable size in all aspects.

And secondly, I could NOT DISAGREE MORE with his following statement:

The quality of reserves usually has to do with their classification: proven, probable or
only possible. But it has also to do with accessibility and economic mineability of the
reserves. It is interesting to note that NA Gold stocks are producing close to 7% of
their total reserves on an annual basis while SA Gold stocks are producing some 2% of
their total reserves. This can either means that NA Golds are more efficient or that SA
Golds production is limited by production capacity or low quality of reserves.

Here are my reasons why I totally disagree. In the study posted at G-o-l-d-E-a-g-l-e ( GLOBAL GOLD COMPARATIVE ANALYSIS ) , we analyzed COMPARABLE cross-sections of the three gold producing areas: North-America, Australia and South-Africa. Following are the stated results regarding reserves.

· Annual Gold Production - Average per company

…………….N/A produces 1.210 million ounces - ( 12 major producers )
…………….Aus produces 0.462 million ounces - ( 10 major producers )
…………….SA produces 0.870 million ounces - ( 13 major producers )


· Gold Reserves - Average per company

…………….N/A has 19.7 million ounces - ( 12 major producers )
…………….Aus has 4.6 million ounces - ( 10 major producers )
…………….SA has 38.8 million ounces - ( 1 major producers )


· Annual Production as a Per Cent of Reserves

…………….N/A production is equivalent to 6.1% of its total reserves
…………….Aus production is equivalent to 10.0% of its total reserves
…………….SA production is equivalent to 2.2% of its total reserves

It is quite evident that quality has little or nothing to do with any perceived production efficiencies in either area. The numbers here simply mean that South African companies possess vastly more gold reserves as its competitors across the Big-Pond. Moreover, a lower annual production rate is INDEED A VERY POSITIVE FACTOR FOR THE LONG-TERM INVESTOR. The rationale for this assertion is the following.

For the sake of argument let's assume all areas continue to produce at the same annual rates, and that NO NEW RESERVES ARE ADDED. It is then rather evident that the South African mines will continue to produce gold, long after its brethren have shut-down their mines for lack of reserves.

- N/A at 6.1% annual production of total reserves will exhaust deposits in 16.4 years.
- Aus at 10.0% annual production of total reserves will exhaust deposits in 10.0 years.
- SA at 2.2% annual production of total reserves will exhaust deposits in 45.4 years.

South African production will far outlast its counterparts who have CONSIDERABLY LESS RESERVES.

Consequently, it is QUANTITY OF RESERVES, AND NOT QUALTIY that is important in a comparative analysis of similar companies in each area -- and therefore of paramount concern to a prudent investor, especially institutional investors who are necessarily long-term oriented - and who are always seeking intrinsic value ( like a Warren Buffett ) .

QUANITY NOT QUALITY!



Date: Tue Mar 31 1998 10:45
jman (I'm sitting here thinking,) ID#251268:
the shorts in gold are getting weak handed ,stops fairly tight
while if this forum is any type of a concensus of the bulls they are in
and I mean in for ever so when the tide turns I'd not be surprised by
dramatic run up,for now the job is figureing out the best way
to stay long without going broke,and a long term option plan
at current prices is my best bet.oh GO SUGAR!

Date: Tue Mar 31 1998 10:44
Robert FRANKLIN__A (Thx 4 email but that does not give instant gold quotes) ID#41385:
Thanks for email but that site only gives stocks & bond quote...you heard about the horse that went to see his stock broker complaining about his dismal portfolio...his broker said...Why the Long Face?

What I would like to find is a site that gives me, on a Sunday morning here in B.C....when it is already gold trading time in Japan or better yet Australia, which is already 18 hours ahead & well into its Monday trading day... an instant gold price. Do not be offended but stocks & bonds for me have only been a birds nest on the ground!

Date: Tue Mar 31 1998 10:38
chas (Haggis re Aus Mng and Expl) ID#342282:
First, thanx for email. My outgoing is screwed, but incoming ok. The miningreview was great. I have a copy of Chas Dunn's book. He was govt geologist from 1860's to 1920's. The Geology of Gold. For that period, it was a revelation. It ties into what you posted. I like Ballarat, that's a bunch of values for a reef type. It's quite revealing to be able to come from 19th cent to today on the same location. I would recommend any one interested in gold mining to get into Haggis's Australian Mining & Exploration post. Many thanx again, Charlie

Date: Tue Mar 31 1998 10:35
Straddler (HenryD, Trinovant - RE: Another's Thoughts) ID#280215:
Have not paid MUCH attention to the Another cr_p, I mean stuff, for the last few months. But HenryD, I think you hit the nail on the head regarding his most recent of 8:32. He must have taken an English writing class since the time he was away. That last piece sounded like some talking head CEO on CNBC, and not Mr. Mysterious. Trinovant, I think your take describes it best. It's what I have been thinking, but didn't know how to describe. I must be away further until Gold makes any technical moves of note. Thank you!

Date: Tue Mar 31 1998 10:34
Ray (RYO) ID#411149:
The Kemess mine WILL start production THIS May. I believe that
is next month + 1 day. @ a cash cost of US$208 and produce estimated
363,000 ozs and in 1999 cash costs will fall to US$182 and produce
477,000 plus all that dough from by products like copper and silver.

Tally Ho

Date: Tue Mar 31 1998 10:32
Robert FRANKLIN__A (Instant 24 hr gold quote for Sunday ) ID#41385:
Copyright © 1998 Robert FRANKLIN__A/Kitco Inc. All rights reserved
Bob here on Horse Lake...B.C....you know...Canada! ( the Province just below Alaska! )

I think I like the mornings better...the evenings get very argumentive...have you noticed?

I have not found a web site that tells me on a Sat.or Sun. the instant gold price that is being traded in Australia some 18hrs ahead of me....or even the Japanese market some 13 hrs ahead of me...does anyone know?

optician@bcinternet.net
http://100milehouse.net/RealEstate/BeaconHill/Default.htm

Date: Tue Mar 31 1998 10:30
SDRer__A (Sorry...you'll have to cut and paste the IMF/Committee of 24 document...) ID#28594:
But do take a look at it. The statement of intent is quite clear.

Date: Tue Mar 31 1998 10:25
SDRer__A (Walk the circle of the politics, of the hegemony, of the handing-off of POWER ) ID#28594:
Copyright © 1998 SDRer__A/Kitco Inc. All rights reserved
One feels discomfort at being in ‘conflict’ with another, but...

The Committe of Twenty-four explicitly states that the “PowerSystem” is working towards a TRIPOLAR CURRENCY SYSTEM:

therefore an urgent need ... to ensure that the transition to a TRIPOLAR CURRENCY system proceeds with... international coordination to minimize instability in the exchange and capital markets
http://www.imf.org/external/np/cm/1997/cm970427.htm>http://www.imf.org/external/np/cm/1997/cm970427.htm

USD ( ? ) ; Euro ( for sure ) and.....Asian Currency Unit...or....SDR?

The meeting was attended by {excerpts];
Mr. Stefan Balabanoff, OPEC;
Mr. Enam A. Chaudhury, Islamic Development Bank;
Mr. Liu Jibin, People's Republic of China;
Mr. Mohamed Seqat, Morocco;
Mr. Hamad Al-Sayari, Saudi Arabia
http://www.imf.org/external/np/cm/1997/cm970427.htm

It is difficult to accept that the most productive part of the globe will happily accept Europe as the master of the global mint! When there is a readily available alternative that belongs to no one country or hegemony.

ECB is already destined to be an entity of UNTOLD power--in addition to mapping the fate of 300m Europeans, they are to be given control of oil? This makes little POLITICAL SENSE IMHO.

Date: Tue Mar 31 1998 10:22
Straddler (HenryD, Trinovant -- RE: Another's Thoughts) ID#280215:


Date: Tue Mar 31 1998 10:19
Mike Stewart (Technical Update) ID#270253:
Copyright © 1998 Mike Stewart/Kitco Inc. All rights reserved
Things have improved, but are not booming. My Toronto Mining Issue McClellan Summation index is now rising, but not with much force.

Toronto Mining new lows have dried up. This is a positive sign.

Watch the 20 day MA for the indices XAU or Toronto Golds. This should contain any pullbacks in an intermediate time frame. If it can't hold... be cautious.

The S&P Summation Index has rolled over, and should decline for about eight weeks. This will set up the next upmove for the market. The strength of this move will be critical. I will have more to say later.

There seems to be euphoria about RANGY, DROOY and HGMCY on this site. This makes me nervous as I own all three.

Date: Tue Mar 31 1998 10:08
Ray (bow wow DOW) ID#411149:
Copyright © 1998 Ray/Kitco Inc. All rights reserved
Speed- SMART money issa SELLIN STOCKS [see previous posted article from
Money Magazine]and the PO BOYS are a BUYIN on the DIPS [your post].
The guy that changes my tires [he works for me] gave me a stock TIP
actually he was arguin with the guy changin my oil on what to BUY.
The just hired asstant trainer at NSU asked me, now that she had money-borrowing power,what mutual fund would I recommend.

Old Gold- I would be outa DOW stocks by the fall 100% and into
somethin else or some place where you could say WHAT WUS THAT,
FALLIN! DOW.

Tally Ho

Date: Tue Mar 31 1998 09:58
Allen(USA) (ANOTHER(THOUGHTS!)) ID#246224:
Copyright © 1998 Allen(USA)/Kitco Inc. All rights reserved
Thank you for sharing your thoughts. Certainly the USA has debased its currency as we see trememdous debt, bonds and asset prices completely beyond reason. LBMA has also followed this habit of 'inflating' its market with promises to pay, based on things that do not exist yet.

So the Euro will be an alternative to this? Its creators must have known that this 'inflation' of the USA and LBMA markets was not liked by oil. When was this recognized? Was this at the time of the Gulf War ( as you have implied in the past ) ? How was it recognized or communicated to Europe? Certainly the Euro has been built with this 'market' in mind?

BTW ( by the way ) my last comments to you in response to your question about how the use of the Euro and neglect of the US$ would be viewed in the USA .. I think you mis-understood my answer. I said The people in *New York* would say ... I did not say *I* would say such a thing. You said of me a true American. This would be called 'pragmatic' here. This means using whatever means will work even if it does not flatter or agree with one's personal desires or ideas.

I'm sure that the implications of your scenario would not 'work' for many here or in London by any means, and so, as you have said, there will be much distress as this transition occures ( if it occures ) . I see this point clearly. I hold physical gold, which is good whether your scenario happens or not.

Frankly I am more concerned about the world wide impact of Year 2000 computer problems than a potential shift in monetary allegances. I am well set if either or both of these things will happen.

Have you considered the Year 2000 computer problem as it relates to your thoughts? The international payments system will be in a shambles. The first world countries will be in a shambles. Same for those countries who supply many resources to the first world as the main pillar of their economies. We will have a VERY different world head of us than the one we know now!

Your response is always appreciated. Thank you.

Date: Tue Mar 31 1998 09:42
A.Goose () ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
Thanks Arden.

Silverbaron, I haven't been keeping records long enough to warrant charting. Maybe someone else has the data and/or charts on comex eligible stocks. I also would love to see the data plotted. Arden do you know where we can get the historic data and/or charts of that data?

On another front:

I noted this morning, that aurator gave salt data. I happened to capture that data.

I checked ( Salt Std@aol.com>Std@aol.com ) {you need the space between Salt and Std} e-mail and I was sad to note no submissions. If the lurkers would help, we can gather data on the cost in local currencies of salt. Using this ( salt ) item as a unit of measure, we will be able to compare the value of currencies. Let us try to get a handle on the U.S. dollar.

Please send the price of salt in your local currency to ( Salt Std@aol.com ) . Include your country and city.

A.Goose $0.265 U.S.dollar per pound, Cupertino, California USA.

I will tabulate the data once we get enough data from around the world and post the results. If anyone has trouble with the e-mail address let me know.

Date: Tue Mar 31 1998 09:37
HenryD (Trinovant (HenryD VIII)) ID#36156:
Thanks. Is there no room for the cleaning lady and the kitchen sink? : )

Also, thanks for the extended handle ... hmm.

HenryD - Go Gold?!?

Date: Tue Mar 31 1998 09:29
Trinovant (HenryD VIII ;)) ID#358318:
Have you been paying attention? Right! So, this how it shapes up on Kitco: ANOTHER figures as a boss guy, whos outfit does some kinda BIG TRADING and has gotten humungously long gold; with a chief adviser, a coupla New Jersey stockbrokers on contract, ANOTHER's dad, ANOTHER's uncle, some big shot from Jordan, and for all I know, some tie-up with oil interests in Taiwan. Now go figure, which one is posting today...

Date: Tue Mar 31 1998 09:28
MoReGoLd (@ANOTHER) ID#348286:
The proof will be in the pudding. Gold has to make a move in the next two months, or there is a serious underlying problem.
EMU / ECB will make all the difference.
They will have to put up or shut up.
If the Euro is not significantly backed by a third asset ( Gold ) , confidence will be as scarce as a virgin in Clintons whitehouse.
Big turmoil in Europe if the EURO flops.........

Date: Tue Mar 31 1998 09:25
TYoung (Ok-I'll vote-China) ID#17796:
Must be slow this a.m. Got to get to work. Tom

Date: Tue Mar 31 1998 09:25
Carl (Ranpant inflation not required to move gold) ID#341189:
Donald, We don't need rampant inflation to move gold. Year over year moves in CPI is what moves gold, not the level of the CPI. A move from 2 to 2.5% is more effective in moving gold than a sustained 6%. ( I believe Market Logic did this work back in the 70's. ) Yes, I read the Sobel article. I thought it interesting that Babson got drawn in also as a dipster.

Date: Tue Mar 31 1998 09:24
ForkLift__A (Old Gold) ID#324266:
Confidence in the dollar is key in the present world situation, but confidence is such a fragile thing. M2 is soaring and when the trend changes the price of gold, in dollars, will explode as it has done in many unfortunate currencies this year. Maybe RSA will defend Saudi Arabia. Who can conquer and hold it?

Date: Tue Mar 31 1998 09:13
sharefin (Who else is doing it?) ID#284255:
Go to
http://www.reflections.com.au/MiningandExploration/Companies/News.html
Do a search for Laverton.
WMC did this only a mater of weeks ago
Who else too?

What's around the corner?

Date: Tue Mar 31 1998 09:07
TYoung (Pete-it's like argueing about God and religion-seems like fun but) ID#17796:
after a while you figure out it's futile. You know I'm no great believer, except on holding the physical, but , hey, who the hell says I can predict the future. Stand with your beliefs,just don't expect doubting thomas' to change their spots. Tom

Date: Tue Mar 31 1998 09:05
HenryD (ANOTHER - or is it - another?) ID#36156:
This does NOT sound like ANOTHER! I can't put a finger on it, but it just doesn't read like s/he. Could it be another?

Date: Tue Mar 31 1998 09:01
arden (such a fine student) ID#201238:
A. Goose - you are doing a great job waving the red warning flag of eligible gold stocks! Proud of ya, man!

Date: Tue Mar 31 1998 09:01
cool lurk (@Teddo.....) ID#342237:
....o for a long walk. 807 to 808

Date: Tue Mar 31 1998 08:53
NJ (Ted Arnold, reports) ID#20748:
fresh fund buying at lower levels this morning, despite the strength in the dollar. Says gold market now has a slight bullish undertone, therefore they took profits in short positions yesterday, but would reestablish the shorts once the top is seen.

This confirms information I had received earlier from a commodities house that hedge funds are now buying gold futures.

Date: Tue Mar 31 1998 08:52
OLD GOLD (Another) ID#238295:
Pete: Frankly I have found ANOTHERS theories hard to believe. But in the light of recent events, I have turned from an atheist so to speak to an agnostic.

One thing for sure -- he has contacts in high places that no one else here has. I certainly hope he continues to clue us in on his thoughts -- right or wrong.

Date: Tue Mar 31 1998 08:46
Donald__A (@Carl) ID#26793:
Copyright © 1998 Donald__A/Kitco Inc. All rights reserved
I think James Grant would be right if asset price inflation continued for several more years at this pace. Rampant inflation would surely be the result. My feeling remains that we are very, very close to a break in API. Did you see the piece in Barron's yesterday ( Page 40 ) by Professor Sobel of Hofstra? He talks about the late 1928, early 1929 period and stock breaks with the dipsters jumping in. Using the Dow/Gold ratio I am getting the same percentages now as then. October 97, January 98 and last week. The comparison is more vivid in the D/G because the inflated Dow figures of today mask the reality.

Date: Tue Mar 31 1998 08:46
STUDIO.R (@Teddo....I am self-imposing the posting limit......) ID#288369:
on myself and have but one thing to say to you...You should g

Date: Tue Mar 31 1998 08:43
Ted (Studio.R & another(lower case)) ID#330175:
he is in amerika ( Newark,I surmise ) ....

Date: Tue Mar 31 1998 08:42
Silverbaron (A. Goose) ID#289357:

I think you're on the money here.......Increases in overall stocks lull the unknowing into thinking reserves are building, while in fact those elligible for sale are evaporating a a rapid clip. Do you chart the elligibles, and if so, is there a trend line which could point to a zero elligible stockpile of gold at COMEX?

Date: Tue Mar 31 1998 08:41
Ted (After ANOTHER line of BS---------------I'm outta here----April gold down a buck) ID#330175:
for my daily walk ( more exciting than watchin paint dry ( ie. gold market--'Big Trader'....'Little Trader-----and the rest of the drivel ya have ta wade through....

Date: Tue Mar 31 1998 08:41
ANOTHER (THOUGHTS!) ID#60253:
ALL:

I will wish for thinking and reply, this day ( April 04 ) . Have been shown the article Oracle Of Alberta on eagle site and will reply!

Thank you

Date: Tue Mar 31 1998 08:38
STUDIO.R (@ANOTHER.....) ID#288369:
Thank you and good day from America. studio

Date: Tue Mar 31 1998 08:33
A.Goose () ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
Date: Tue Mar 31 1998 01:13
A.Goose ( Interesting eligible down 34,506... ) ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
and registered went up 75,190 31,958 43,232 34,506 , for a total increase of 184,886 ounces. Now if you are
watching the tolals only this increase looks impressive, but in reality the eligible stocks dropped 23%. 4 million
paper ounces traded today, while only 34,506 actually changed status. The game goes on, BUT we can see
them setting it up NOW.


Comex gold stocks 2
March 30 1988

TOTAL REGISTERED
443,552 75,190 31,958 43,232 34,506 521,290
TOTAL ELIGIBLE
182,784 0 0 0 -34,506 148,278
COMBINED TOTAL
626,336 75,190 31,958 43,232 0 669,568




COMEX Silver Warehouse Stocks, Part 2



-- SILVER
( Quoted in Troy Ounce )

TOTAL REGISTERED
-592,672 0 38,353,915
TOTAL ELIGIBLE
188,987 0 48,472,816
COMBINED TOTAL
-403,685 0 86,826,731

New York-March 30-FWN--COMEX ESTIMATED VOLUMES

TOTAL ESTIMATED VOLUMES
Gold 40,000
Silver 8,000
H.G. Copper 5,000

Date: Tue Mar 31 1998 08:32
ANOTHER (THOUGHTS!) ID#60253:
Copyright © 1998 ANOTHER/Kitco Inc. All rights reserved
All:

On March 18, the Belgian Central Bank said it sold 299 tonnes of gold last week. This sale/purchase was ongoing, completed and announced during the time frame of my post ( of Date: Mon. Mat 09, 1998, 07:55 ) .

This purchase was completed by the BIS for it’s account and held in five CBs. It was made at appx $305us. As this transaction was made public within the 5 to 10 day time frame, did that mean gold would move to it’s new range of $320/$260 in that time also? No. What it does show, is that the BIS has made a decision to “no longer support the LBMA gold paper with CB gold”!

The central underlying questions from the beginning of these “Thoughts”, was always, “will the CBs become the primary gold suppliers in the continued support of low oil prices” and “ will the oil producers accept a world gold market that supplies only “non-mined” gold”? In the process of traveling to this point in time, the world governments found this new oil/gold arrangement, so successful for “paper asset” prices

( Dow Jones? ) , that they allowed the markets to supply any and all “gold paper” possible! Now, with the world awash in “US dollars” and “gold paper”, a new asset is being formed to “draw” the oil producers closer to Europe! The offer is the “exact opposite” of the “US dollar agreement”, this new offer will drive gold to a value that will allow it to become “the world oil asset and currency” if the producers use the “Euro” as the “oil trading currency”! In this process the Euro will become as solid as the reserves that back it.

Gold in $320 to $360, will be a time of much concern for any and all US dollar and US dollar asset holders. At some point, oil may say “yes” to the EURO, even before it is official, and gold will break to into the thousands with no hold back by CBs. Oil prices in US dollars will explode, even as prices plunge for Euro based currencies, and the US

economy will implode. The world US dollar based economy is about to change, and America will find “no point” for warships in the Gulf. I ask you now, “who will defend Arabia”?

Many metal traders see gold as “a lost value from the past” and “a poor investment for simple persons”! I say, these traders have no experience with this new market of gold, as it is as “none before”! Many will find this “asset” was “worth the time of waiting”.

Thank you

Date: Tue Mar 31 1998 08:27
vronsky (JOHANNESBURG ALL GOLD INDEX UP 7.11% YESTERDAY) ID#427357:

Bloomberg Financial News shows the Johannesburg All-Gold Index UP 7.11%,
while the Johannesburg Industrial Index showed a gain of a mere 0.62%.

1998's big play will be South African GOLD STOCKS.

Date: Tue Mar 31 1998 08:27
Pete (THIS IS LIL BO PEEP SPEAKING) ID#222231:
Copyright © 1998 Pete/Kitco Inc. All rights reserved
I may as well call a spade a spade. This lil bo peep wants to know from our esteemed personage, you know who you are, what you have contributed to this forum that is one oz the worth of ANOTHER'S ability to comprehend and explain golds action and so called demise. In lieu of insulting one who in MO ( not considered much by you ) has brought more intelligent thoughts that have inspired thought provoking discussion among many of the more profound posters such as JTF, cmax, reify, donald, george s. cole, amused, vronsky, gfd, pedro, orpailleur, arden, vieserre, zardoz, eldorado and many more too numerous to mention.

Please explain to me and others the reasons for your vehement hatred of ANOTHER and your continuous derogatory remarks to those who would dare critique his thoughts.

SHEEPISH GRIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Date: Tue Mar 31 1998 08:26
STUDIO.R (@Teddo....) ID#288369:
Ugh. Boy howdy, I'm glad I went to bed early last night and missed the blood fest...ohmy! The tall boys trimming each other's height ( some down to my size now ) . Here we go pal....Wherever you go, so does your ego copyright 1997, studio.r Go Goldpugs! ( like ali )

Date: Tue Mar 31 1998 08:19
Carl (Inflation first here) ID#341189:
Donald, Again, we agree on the end point. It's how we get there where we don't agree. James Grant points to rampant credit dollar creation through intermediation and out of sight asset inflation which he thinks will flow through to other prices. Critical labor shortages are real and here now. He, by the way, puts money creation in Japan at 24% year over year, a rate unseen since Paraguay.

Date: Tue Mar 31 1998 08:18
jims (Well I've had it) ID#253418:
I've seen silver trade a ten cent range. Got all bearish and was about to start putting in sell orders, and now with it only down two cents I'm ready to celebrate. Celebrate the fact oil hasn't dragged it down below $6, yet; celebrating that the weaker Yen hasn't done the smae. Leave to you guys in AMERICA to get the ball rolling upthe hill over the $6.55 hurdle.

Out of here.

Date: Tue Mar 31 1998 08:18
OLD GOLD (gold bulls and bears) ID#238295:
Copyright © 1998 OLD GOLD/Kitco Inc. All rights reserved
POG down $2.00 a few hours ago, but now flat. Very strong support below $300. RJ and his friends will have a tough time getting POG to $285.

I suggest that all read the latest MIlhouse essay on golden eagle. Sloughing off all the conspiracy nonsense, he shows with crystal clarity that gold is low because confidence in US financial assets at a record high, not visa versa. CB sales/leasing merely mirroring the private sector.

A real and sustained gold bull cannot begin until the secular trend of rising confidence in US financial assets reverses. Even if CB sales/leasing stops completely, gold probably would not go much above $320 if confidence in US paper continues to climb. But once this secular trend reverses, gold will soar no matter what the CBs do.

Bottom line -- until the secular trend changes, anything more than modest gold rallies are out of the question. But once confidence in US financial assets starts to drop in a sustained way, gold will go higher than all but the wildest bulls expect.

The exact timing remains uncertain, but this seismic change in long-term trends should commence this year.

Date: Tue Mar 31 1998 08:14
CJS (aurator: BMW/Rolls) ID#328159:
-
Will the breaking down of trade barriers lead to a concentration of industries like BMW while the peripheries decay? Will this be offset by a growing bureaucracy attempting to redistribute the wealth back to the deprived areas? As far as gold is concerned, I suspect the sheer weight of trade in the Euro and the degree of gold backing held will be all that counts initially as far as the effects on the $ as world currency and the price of gold is concerned.

Apparently, Zsa Zsa Gabor had a Rolls with her name mounted in
solid gold and inlaid in the seats ( does that make this on topic? )
http://www.odysseygroup.com/coll696/starcars.htm

Victoria Adams' ( Posh Spice ) dad drove a gold Rolls Royce-
er, I think that was just the paint.
http://194.72.66.120/empire/FEATURES/spotlights/spiceworld/posh.htm
I wonder if BMW would like to buy the Spice Girls and take them to Germany...

I am sure my grandfather ( born a few years into the century and died in 1974 ) would be turning the air blue about the Rolls Royce sell-out. However, in the UK today there is hardly a trace of national loyalty as far as cars are concerned, since most cars in the street are from foreign or overseas-owned companies. The car I drive comes from a UK manufacturer which was bought up by BMW a while back. The nation-state is giving way to the multilateral corporate entity.

The head of Bristol, which is a luxury UK car maker ( cost you 118000 British Pounds ) , said It's a tragedy that Rolls Royce has gone... we are determined to stay independent.

There are still several specialist British car companies left:
TVR ( 2000 cars per year ) , Reliant ( 750 ) , Caterham Cars ( 700 ) , Morgan ( 500 ) , Marcos ( 150 ) , Lister ( 8 ) , Bristol ( handful ) , Westfield Sports Cars Ltd, and London Taxis International ( 2550 ) : http://www.london-taxis.co.uk/

Caterham cars bought the rights to the Lotus 7, as used in the cult TV classic The Prisoner, which they now sell as the Super Seven.

UK and other car links at:
http://www.dealerweb-uk.com/links.cfm

Date: Tue Mar 31 1998 08:07
Ted (April(yawn) gold up ten pennies------out of the frying pan inta the fire,eh) ID#330175:
http://www.hfxnews.southam.ca/story2.html

Date: Tue Mar 31 1998 08:03
jims (Cash falling futures up) ID#253418:
From what I see it looks like the cash silver price is down while the futures are actually up a cent. Wonder if this is a sign of things to come or just end of the month noise or just that NOISE. Anybody wiser than I have a comment on that.?

Date: Tue Mar 31 1998 07:57
BillD (@ZZZZZZZzzzzzzz~~~~~~~) ID#258427:
.

Date: Tue Mar 31 1998 07:44
Donald__A (@Carl) ID#26793:
While we still have inflation in the US ( depending on who makes the calculation ) I still see massive deflation in the future in conjunction with a decisive stock market break. I heard some numbers on yen creation recently of 23% yet there is still deflation in Japan. The reason is that the money sits in the bank to maintain the reserves they need to rebuild. Loan losses ( money destruction ) exceeds money creation so deflation is the result.

Date: Tue Mar 31 1998 07:42
Haggis__A (atest news from the Australian exploration and mining scene) ID#398105:

http://www.reflections.com.au/MiningandExploration/Companies/News.html

The results of the East Coast Minerals / Legend Mining high grade silver results are attached......

Date: Tue Mar 31 1998 07:42
Ted (The Obvious(duh)) ID#330175:
Gold will go nowhere till the YEN stops droppin---James has beeen right on the money ( gold ) sooooo far!!

Date: Tue Mar 31 1998 07:39
Ted (CherOkee) ID#330175:
am feelin a little sluuuuugish thinkin of that 'scrip' you advised for EJ ( 10 mg Diazapam--3 times a day )

Date: Tue Mar 31 1998 07:36
Carl (Spark speculation - again) ID#341189:
Donald, It just occurred to me that the spark which could ignite this whole mess is the gold price itself. The ultimate refusal to lend in troubled Asia would be the purchase of gold. The danger of inflation here ( yes, I still think so ) , can start the ball rolling. Gold in both deflationary Asia and inflationary US would be the common market solution. I'm still looking for year over year increases in the CPI ( the second derivative of prices ) to set off gold.

Date: Tue Mar 31 1998 07:35
Ted (Studio.R--------Brent N.Sea CRUDE down .55(good mornin,eh!)) ID#330175:
I'm tryin fer room # 808

Date: Tue Mar 31 1998 07:19
miles__A (Just jottings) ID#351224:
Copyright © 1998 miles__A/Kitco Inc. All rights reserved
The news from Indonesia is grim but, I fear, a portent of what is to come for the rest of us in our intimate global village.
I have read reports of 6000 children dying of starvation in Indonesia since the 'troubles' started 12 months ago.
A hungry man is an angry man.
The poor 'Asians' are merely rehearsing what is about to sweep across our 'sophisticated'  western world over the next 2 years.
Indonesia is the 4th most populous nation and is just on my doorstep.
Our Asian brothers are suffering - the emperor fiddles whilst the paper burns.
I can jump on a 'plane and be in that erstwhile paradise of Bali in 5 hours. And I live right at the bottom of this beautiful antipodean land. Australia's northern shores - a hop, skip and jump away from ' Asia '  are constantly visited ( illegally ) by Indonesian fishermen who are now claiming certain 'rights' as they and their forebears have been working these shores for 1000s of years! Maybe they do have a territorial claim under international law!! We just impound their boats and set fire to them. I expect to see a lot more visiting our shores in the next 6 months!
 
Meanwhile the rest of us live in uncomplicated western bliss. Oh yes, there are the mortgage payments, the car lease, those nasty credit card bills and the fiscal minutae of everyday living in a sophisticated  consumer society. But the sun is shining, autumn is upon us, the football season has started and everything in the garden is rosy. Kind of reminds me of my Dad relating tales of those lazy, hazy days just prior to September 1939!
 
But those storm clouds are rolling in and they are rolling in a lot quicker than some of us realise.
 
Not only do we have to deal with the uncertainties of a fiscal meltdown as the exhuberant chickens come home to roost from Wall Street, but we also have to deal with the complications of the Year2000 'glitch' and its stupefying impact on society as we know it.
 
All this is to happen in less than 350 working days!
 
The internet is a blessing and a curse! It bestows upon those who are wealthy enough to afford it the wherewithal to gain knowledge, important knowledge - especially from Kitco - that should empower us to be prepared for what is to come upon us. May as well make the most of it as it probably won't be operational as we roll towards the new millenium!

It also stuffs up marriages as we stagger into bed at 2 am - yet again!

So what is to become of us all?

How do you prepare for an event ( s ) that will psychologically destroy a good proportion of the population?

Will a few gold coins really be enough?

I'm still not convinced!!



Date: Tue Mar 31 1998 07:17
Donald__A (Japanese private housing starts down 26.7%) ID#26793:
http://biz.yahoo.com/finance/980331/table_japa_1.html

Date: Tue Mar 31 1998 07:12
Donald__A (Korea says it can not service debt of 1,000 trillion won with cash flow. (What now?) ID#26793:
http://biz.yahoo.com/finance/980331/korea_debt_2.html

Date: Tue Mar 31 1998 07:09
Ted (Poorboys.................Mounties(RCMP)....and Seaweed) ID#330175:
Limited # of Varmits on the remote island I'm headin to and all available cash now goin into tangibles such as wood-concrete-etc..etc...Bein a farmer, seaweed is the best fertilizer ta be found!!...Countin the days ( 35 ) till I leave 'suburbia' and head back ta 'the country'....

Date: Tue Mar 31 1998 07:05
Donald__A (Sumitomo Trust says bad loans at 1.15 trillion yen) ID#26793:
http://biz.yahoo.com/finance/980331/s_tomo_tru_1.html

Date: Tue Mar 31 1998 07:02
Bully Beef (I haven't finished the disscussions yet but Farfel and RJs discourse last) ID#259261:
night was great. Two opposing views at the heart of the matter by two very literate and thoughtful posters. Too bad for bad blood but essentially the best debate I've seen. I also liked EJ's post because our parents stories are often the mistakes we are about to learn.

Date: Tue Mar 31 1998 06:58
Donald__A (Japanese banks refusing (terrified?) to lend. (just as US banks in the 30's) ID#26793:
http://biz.yahoo.com/finance/980331/japan_firm_1.html

Date: Tue Mar 31 1998 06:57
POLARBEAR (RANGY on the launchpad) ID#183109:
Copyright © 1998 POLARBEAR/Kitco Inc. All rights reserved
( Thanks for the original find by Cage Rattler ( Mar 30 1998 10:48 ) )

“Randgold had served its purpose and would probably cease to exist in its present form before the end of this year, recently appointed chairman Roger Kebble said today.” http://www.woza.co.za/mining/randgoldo2.htm

This isn’t just good news, this is GREAT news—just what I’ve been hoping to hear reiterated by Kebble, the new man at the helm. Incidently, Randgold on the JSE jumped 17% today on this news, on much bigger volume than normal. Now that the cheap JSE shares are gone, we might see some real action on the ADR. This coming breakup/buyout will nearly guarantee a massive jump in the RANGY share price. Buying a quasi Mutual Fund that sells for under $1.50, and has nearly $5 a share in assets, is a no brainer, unless you think gold is dead, and if so, why are you reading this? Breaking up RANGY with its huge discount to NAV is nearly a guaranteed jump towards ( not necessarily to ) the correct NAV, ESPECIALLY WHEN THE ONES INVOLVED IN THE BREAKUP ARE MAJOR SHAREHOLDERS. We can all rest assured that the Kebbles aren’t going to let all these valuable assets go at a sub market price. Of course its not a sure bet that we’ll see the full NAV reached, but what if Mr. Deal Maker himself only get us 80 cents on the dollar, and we all have to settle for 4 bucks a share in December? Bummer…not.

Mr. Kebble is on a mission, not to make sure RANGY is around 10 years from now, but to make sure RANGY shareholders ( including himself ) make as much money as possible on any deals he puts in place.


Date: Tue Mar 31 1998 06:52
Poorboys (Awat to look for fish in the air --It just keeps raining) ID#224149:
Ted -Get the seaweed out of your ears --Buy some mounting mounties to protect you from them varmints below the Canadian border --Yes stand up tall ---Ride a horse ---wave goodbye ---Like in the film flams -Away before you take your vit - a - mins

Date: Tue Mar 31 1998 06:49
Donald__A (Japanese Postal Savings changes accounting, starts trading derivatives (I think)) ID#26793:
http://biz.yahoo.com/finance/980331/japan_kamp_1.html

Date: Tue Mar 31 1998 06:47
Speed (Money, Money, Money) ID#286199:
Copyright © 1998 Speed/Kitco Inc. All rights reserved
This ain't bullish for gold folks.

From the WSJ: the Investment Company Institute reported Monday that investors put a net $24.17 billion into stock mutual funds in February,
compared with an anemic $14.69 billion in January

and furthermore....

Thomas Galvin, newly named chief strategist at Donaldson, Lufkin &
Jenrette, boosted the firm's recommended exposure to stocks to 65% from 50%, and suggested clients cut their bond holdings to 30% of their portfolio from 40%. Mr. Galvin added that he expects the Dow industrials to reach a high of 10105 this year and to head toward 12125 over the next 18 months.

Blue skys, smilin' at me..
nothin but blue skys, do I see...

Date: Tue Mar 31 1998 06:41
Donald__A (Japan resorts to accounting gimmick to hide bank stock market losses.) ID#26793:
http://biz.yahoo.com/finance/980331/japan_bank_2.html

Date: Tue Mar 31 1998 06:37
Donald__A (Korean economy continues to contract. Unemployment at 1.3 million) ID#26793:
http://biz.yahoo.com/finance/980329/korea_econ_1.html

Date: Tue Mar 31 1998 06:30
Poorboys (And The Walls came Tumbling down --John the Man Cougar) ID#224149:
Copyright © 1998 Poorboys/Kitco Inc. All rights reserved
I see RJ was between bernatz du ventadorm And John Disney__A -- early this morning ----I hope you enjoyed the cat fight ---like watching animals in heat ----Maybe its time to copyright The Cat And Tale Show ----Must be Gold fever ---Bart’s sending the coins this week ----Like that Guarantee ---Away to watch that old Bogart movie ---The Harder they fall ----Might even buy some Red Cross blood futures –naaaa--- this is cybernetic space--- its not real ---Away for a few days ---- Hope I don’t miss the next installment of A or SA droopy and rangy ( Sounds like a Communicable disease duo ) whatever ---- zooooooooooooom gone .

Date: Tue Mar 31 1998 06:29
jims (Pretty quiet) ID#253418:
Pretty quiet out there tonight - sure hope gold can hold $300 I don't want to fight another swoon

Date: Tue Mar 31 1998 05:59
John Disney__A (Crusty Calling Salty) ID#24135:
..
I never believed that libral stuff .. I always knew you wuz
a stand up guy

Date: Tue Mar 31 1998 05:57
John Disney__A (Stuff about Rangold) ID#24135:
Someone asked about rangold ..

NAV is 13.45 Rand as of today and it trades at less

than 7 Rands.

Nav build up is Rangold resources 52 % trades

london

6 % Crown trades here

9 % DDeeps

7 % Harmony

balance Unlisted assets ... value used based Rangold

company statements.

So valuing unlisted at Zero NAV is .74 *13.44 = 10

rands .. Thus buying rangold gives you resources plus

crown plus deeps plus harmony at 70 % of what you

would have to pay for them if bought at the market.

Date: Tue Mar 31 1998 05:42
jims (Do we buy this dip?) ID#253418:
I fear not.

Date: Tue Mar 31 1998 05:04
aurator () ID#257148:
crusty
oh no, i got 4 in a row!

away to contemplate the mysteries of the whether

Date: Tue Mar 31 1998 05:01
aurator (Baa Humbug) ID#257148:
Crusty
Giday. Ever heard John Prine's song Your Flag Decal won't get you into heaven any more? your last post reminded me of it.

BTW for de record, I is no libral i is a libertine. Come here, I won't hurt ewe.


Date: Tue Mar 31 1998 04:53
aurator (My keyboard has a herring disability) ID#257148:
may? it ain't even april, I mean. mail

Date: Tue Mar 31 1998 04:51
aurator (down the terlet or) ID#257148:
Auric™
I'm always in the sink.
Hey, you gonna do some home brew? if so e-mail me your physical and I'll may ya some recipes from the Brewers Bible.

Date: Tue Mar 31 1998 04:49
aurator (are we talking Hari Seldon here? I mean, perhaps pyscohistory is a real long wave study?) ID#257148:
Copyright © 1998 aurator/Kitco Inc. All rights reserved
Trouble with the Trilateralist thing is that there are huge divisions within the 3 blocks. The European posters amongst us are aware of the divisions with the Euro block. Someone already posted about the antipathy in Asia towards their neighbours. In Asia: dislikes the Japan, distrusts the Indonesia, is fearful of China, is paranoid about Korea, is wary of Cambodia, is envious of Myrnma's Military Government, is confused by Tibet, is spiritually linked to India, and knows little about the rest of the world.
In other words, I cannot see the Economic Unification of Asia procede with any great alacrity. I suspect a crisis ( war ) will be required, as a condition precedent to the loss of Economic sovereignty by these large and disparate nations.


Date: Tue Mar 31 1998 04:45
John Disney__A (Dont Call Bart.. Heprat.. call your MOMMA) ID#24135:
Copyright © 1998 John Disney__A/Kitco Inc. All rights reserved
For Heprat
Oh I see, you jes found it in the street and was gonna
return it.. But then you felt obliged to flush me out.
How about flushing you down more appropriate dont
you think. You're not gonna go to heaven if you STEAL.

For swp1 ..
Believe Kebble means that keeping all the
assets together makes then worth a lot less
than they would be normally .. He seems to
want to unbundle .. and spin the assets off
individually .. The NAV is maybe twice what
rangy sells at. Stock moved up since he said
that.


Date: Tue Mar 31 1998 04:45
Auric (aurator) ID#255151:

G'day-- First 02:00, then 04:39. We be in synch!

Date: Tue Mar 31 1998 04:39
Auric (For IDT ) ID#255151:

International Yield Curves-- http://www.bloomberg.com/markets/iyc.html

Date: Tue Mar 31 1998 04:39
aurator (CJS/Fred/hamlet- RR, BMW, EMUs, PEGS.) ID#257148:
CJS/Fred/hamlet/François
What is being said in the UK about the BMW take-over of Rolls-Royce? I imagine it may spark long memories? Would be obliged for your input, from both sides. Perhaps the reaction to this news may give us a pulse on the EMU. The EMU is also a man-sized flightless ugly ratite, the fiendishly aggressive female emits a stomach vibrating boom we hear from 100m at night. Emu boom about to be replaced by the clatter of our neighbours' clothespegs plucked off the line.

Date: Tue Mar 31 1998 04:31
Jack (Beware) ID#252127:
Read Eldorado's 20:33 3/30/98 and think about it. Its still a bit early for the three trade blocks to congeal; as Asia is not yet formidable.
One block has been well degraded and the underlying animosity is well developed. Is it Get Even Time? Will certain bold speculators be burned in the turmoil?
Keep the powder dry, the bars concealed, judgement seems impossible -error imminent.
The trilateralist greed may have marked the end of a grandios dream of New Royalty whose goal is to control the globe and the New Serfs.

Date: Tue Mar 31 1998 04:08
Jack (Beware) ID#252127:
Read Eldorado's 20:33 3/30/98 and think about it. Its still a bit early for the three trade blocks to congeal; as Asia is not yet formidable.
One block has been well degraded and the underlying animosity is well developed. Is it Get Even Time? Will certain bold speculators be burned in the turmoil?
Keep the powder dry, the bars concealed, judgement seems impossible -error imminent.
The trilateralist greed may have marked the end of a grandios dream of New Royalty whose goal is to control the globe and the New Serfs.

Date: Tue Mar 31 1998 04:03
jims (Gold and oil linked) ID#253418:
Copyright © 1998 jims/Kitco Inc. All rights reserved
Well if anybody had any doubts about gold and oil being linked it looks like tonight's action ends that. With oil fading below $16 headed I suspect back to 14 will gold be destined for another test of 290 and silver of 5.85? I am affraid so. Looks like last week was the time to sell out and rest on the sidelines. $302 held for the shorts as did $6.45 for those short silver. Affraid the shorts will be in control again. It amazes me silver can't hold a rally in the face of such reduction in comex stocks. Glad I didn't chase this thing.

Judging by the tone on this board it's going to be a long April.

Date: Tue Mar 31 1998 03:37
SWP1 (RE: 3:28 Opps! Ow = How) ID#233199:


Date: Tue Mar 31 1998 03:28
SWP1 (@John Disney__A RE: The Roger Kebble anouncement) ID#233199:

Is there aything you can add to this? Could is be good for shareholders ( of ADR's ) . Ow might it play out?

I was thinking of selling some Drooy for Rangy but now I don't know.

Thanks for all your comments.

........steven

Date: Tue Mar 31 1998 03:25
GOLDEN CHEESEHEAD (HERR PAULGOLD--) ID#431263:
Possibility hell, it's a certainty! These RSA mines are in such DEEEEEEEEP DOO-DOO financially with $300 gold and $350-$400+ cost structures that before it's all over they will all have merged into ONE mammoth SA mining conglomerate! Maybe we could call it Mandelanstein or Mandelfontein or how's about Mandela DEEEEEEEEEP Levels? Or South African
Goldfields? Whatever the name the results are the same!

Date: Tue Mar 31 1998 03:03
Auric (Speaking of Y2K...) ID#255151:

The first small battle of this BIG WAR will occur on April 1, 1998. New York state is on a fiscal year of April to April. Their computerized functions are something we should keep an eye on. If no glitches, the skeptics will be emboldened. If big screw-ups happen, then look out. G'day sharefin!

Date: Tue Mar 31 1998 02:59
Paul Gold__A (RANGY: rather move into DROOY!) ID#21484:
It is reported in the press that Roger Kebble, chairman of Randgold, said yesterday that Randgold would probably cese to exist before the end of the year. It seems that a absorbtion into other gold interests controlled by the Kebble family is a possibility.

Personal opinion is that DROOY is now poised for good growth.


Date: Tue Mar 31 1998 02:45
bernatz du ventadorm (No, what makes for a boring Kitco) ID#182192:
Is somebody saying the same thing day after day after day,
especially relating to Y2K or the SEASIAN economic collapse

Date: Tue Mar 31 1998 02:44
RJ (..... Of Course! ....) ID#411259:

Its all so clear now.......................


Date: Tue Mar 31 1998 02:43
bernatz du ventadorm (Sorry, I forgot) ID#182192:
BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH

Date: Tue Mar 31 1998 02:43
sharefin (Gold must be boring.) ID#284255:
Cause the kids are fighting.

Give up the bitching,

It makes for a boring Kitco.

Nuff said!!!


Date: Tue Mar 31 1998 02:42
bernatz du ventadorm (RJ, don't feel bad) ID#182192:
I started this whole pursuit thinking
Stephen Mooney was Bernatz.

In fact, I kept trying to pin Stephen Mooney
between a rock and a Bernatz place by getting
him to acknowledge an inconsistency - That he was
calling for a $310 bottom while Bernatz was
calling for a $285 bottom.

Date: Tue Mar 31 1998 02:38
RJ (..... Tea for Two and .....) ID#411259:

After my obviously misguided speculations about the true identity of Beloved Bernatz, I have one final sleep addled theory.

JD & Hep are the same guy! NO! Better yet, the same girl! Just severely schizophrenic. One is not aware the other exists. Saw this on the Twilight Zone once. You see this guy got zapped with some damn zap gun thingie and he.................


Date: Tue Mar 31 1998 02:38
bernatz du ventadorm (Bart, John Disney is calling me an offensive name) ID#182192:
I don't think there is any place for his kind of
language on this forum, especially because children
have access.

BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH TEETH

Date: Tue Mar 31 1998 02:35
bernatz du ventadorm (John Disney - What prompted you now to finally admit) ID#182192:
That I was right once again?

Set a thief to catch a thief - I didn't steal your
handle, and furthermore, I used it to flush you out.
Sorry, Bart, but we can't have this type of person
ruining our forum.

BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH

Date: Tue Mar 31 1998 02:28
John Disney__A ( Nothing to say to you HEP-RAT BUT) ID#24135:

BAD NUTS HAD TO STEAL HIS MONIKER BECAUSE HE'S
TOO DULL WITTED TO THINK ONE UP FOR HIMSELF

Date: Tue Mar 31 1998 02:24
bernatz du ventadorm (John Disney - I guess I could take you more seriously) ID#182192:
Copyright © 1998 bernatz du ventadorm/Kitco Inc. All rights reserved
1. If you knew anything about gold ( $350 was the bottom,
according to you ) .
2. If you weren't in violation of the previous guidelines
by posting under more than one handle ( Granted I was too,
but I never denied it ) .
3. And the most egregious, if you were man enough to
admit the truth when it was pointed out to you repeatedly.

Please explain this logic:
It is not okay for John Meissner to post under more than
one handle.
It is okay for John Disney to post under more than one
handle.
It is okay to continue to prevaricate when someone points
out that they know you are lying.

BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH
BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY

Date: Tue Mar 31 1998 02:23
RJ (..... Last Post...... Bed .....) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

Myrmidon -

I apologize, it was not my intention to rub salt in an open wound. Most of my clients own some gold - much at higher prices. Most are confused why this is so and the explanation is a long one. Having traded metals since 1984, there is one identical characteristic of the gold enthusiast: They are VERY enthusiastic about gold. My job is to make my clients money, not to coddle zealots on these pages. What I offer here is what it is, take it for all, or all for naught.

Had a doctor call me a year ago about a five million dollar gold purchase. I told him gold was going down, stay away. He took my advice, to the consternation of his partners, but he had veto power and the deal was killed. That was at 380. By my reckoning, and my client's, I saved him a million dollars. He has since put together a somewhat smaller purchase at below 300. He is very pleased.

I love gold. I own it, I wear it, I sell it, and I speculate in it. I'm in a cocky mood tonight, having sparred a bit with little wits, and the tone spilled into the post I made to you. I believe that gold WILL ultimately rally, albeit not to the heights some here see, meanwhile a steady chorus of buy more, more, more, while the metal is so weak has caused many to follow this folly of gold in our times. The standard response to those that bought at 400 is to say, it's OK, it'll go back up Wouldn't it have been nice if someone warned you gold was weak when you made your purchase? You could then wait a year and buy 30% more gold for the same money ( that was probably inflated by about 4% ) . This would seem the kinder course.

I get calls from people who have been talked into putting their LIFE savings into gold because it is so cheap. These people bought it all the way down and they are way overexposed. Some here may be sure that this will pay in the end, but it certainly hasn't in the last 8 or 14 years this or that client has had the gold. These people are hurting, while those around them have reaped returns of hundreds of percents over the decade. The smart ones made their money that way, then put some into gold at these low prices.

Again, I am sensitive to holding an investment that is down. My words were directed at some rabble and not the forum at large.

OK


Date: Tue Mar 31 1998 02:10
Winston__A () ID#244360:
Copyright © 1998 Winston__A/Kitco Inc. All rights reserved
RJ
Here's from one who appreciates your commentary.
We all may believe fervently in the monetary value
of gold, and that's fine. However, buying for this
reason is more of a political statement than it is a serious
attempt at making money. Making a political statement
can be and often is costly. This site is strewn with
gold martyrs. May it be that their day of glory draws
near.

To the Gnats fellow,
May I point out that, were your suggestions to be
implamented, they would probably first take effect
in the blessed termination of none other than you.
Being relatively new to the forum, I am not well aquainted
with calls, right or wrong, which you may have made.
However, my observations of late do seem to place you
as the source of voluminously repetitious and remarkably
childish bilge. Please continue, you fit right in.

Date: Tue Mar 31 1998 02:08
Myrmidon (@ John Disney) ID#345268:

Now I dig, thanks John and go DROOY, and RANGY.

Date: Tue Mar 31 1998 02:03
John Disney__A ( Bad-nuts STEALS!!) ID#24135:
For Myrmidon
BAD-NUTS is HEPCAT who stole the MONIKER
Bernatz du Ventadorm that yours truly
created. The guy is a real dumdum .. can you
IMAGINE stealing someone's MONIKER !! Think
what he would do with wallets. This guy has
clearly never had an idea in his life. He
feels inadequate ( because he is ) and that is
why he behaves so badly.

Date: Tue Mar 31 1998 02:00
Auric (BIG BANG Minus One Day) ID#255151:

Any thoughts on this as to its rating on the Richter scale? A minor tremor, the BIG ONE, or somewhere in between? I say BIG BANG will be much closer to a minor tremor than a big earthquake. What say ye Kitco?

Date: Tue Mar 31 1998 02:00
aurator (knickers to you) ID#255284:
RJ
But you'll always wear the most_expensive_silk_shorts@kitco ;- )

Date: Tue Mar 31 1998 01:57
aurator (cum kilo salis) ID#255284:

salty data

1Kg table salt ( with iodine ) = NZ$0.79
1Lb table salt ( with iodine ) = NZ$0.358
1Lb table salt ( with iodine ) = US$0.20

It is almost impossible to find table salt without added iodine in NZ. This is because NZ lacks iodine in its soil. Early settlers used to suffer unusual degree of goitre until iodine was added to salt as a public health measure.


jman
I is here, I love the smell of boiling hops, oh yes..


Date: Tue Mar 31 1998 01:57
John Disney__A (You want to be disruptive ) ID#24135:
for Heprat

How about a continual posting like

BAD NUTS HAD TO STEAL HIS MONIKER BECAUSE HE'S
TOO DULL WITTED TO THINK ONE UP FOR HIMSELF

Date: Tue Mar 31 1998 01:52
Myrmidon (@ John - Who is Bad-nuts?) ID#345268:


Date: Tue Mar 31 1998 01:52
SWP1 (YIKES!) ID#233199:

F* .... Buy some Gold quick - I'm all out of cash ...

Stop the Bear NOW!

Please..

Date: Tue Mar 31 1998 01:52
RJ (..... Eyes getting heavy...Must...Sleep .....) ID#411259:

For youse new guys -

Its called bait

You sure do bite

The rest is setting the drag

And playing you out

You take me far more seriously than I take myself. Lighten up.

PS -

Every single argument made by Starboy & Hardfellow has been made here before.

Eloquently articulated by far better minds.

And now, here they blather

How about the suit for an ounce-o-gold?

Pardon the yawn

I guess its late

Remember the fish analogy. I'm betting you will miss the point entirely.


Date: Tue Mar 31 1998 01:50
John Disney__A (Limit Postings .. Good idea) ID#24135:
Yes Bart
Start with Bad-nuts the moniker thief.
He contributes nothing but a waste of space.
Suggest limit him to zero per day.

Date: Tue Mar 31 1998 01:46
Myrmidon (@ RJ) ID#345268:

RJ, we are all getting sick and tired of our non-performing assets if one can call them assets, so don't kick us while we are down. Although you are probably right that gold will hit $285, we too give it a 50-50 chance of this happening.

Have some empathy for dead dogs, don't kick them while down.

Good night and good luck, I mean it.

Date: Tue Mar 31 1998 01:46
John Disney__A (gold in rands ) ID#24135:
to all

While I was not paying attention .. just noticed

that over the last two weeks .. the price of gold in Rands

crossed over its 30 day, then its 100 day, then its 200

day MA. Check it out .. Rand weakened to 5.01 versus a

strong $. Rand gold price now 1510 almost 10 % up on

January low of 1376. Good for marginals .. Go Harmony

Date: Tue Mar 31 1998 01:38
RJ (..... Nighty Night .....) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

Myrmidon -

Are you sure you want to look this wayward stepchild in the face? Tell you what, post your views concerning the buy and hold value of gold for the last 20 years, back them up with numbers, I'll repost my old stuff.

F guy with the * thingie -

I'm really getting a kick over how worked up you are getting. Was going to watch a movie this eve, but this has been Far* more entertaining. I posted my phone number. You want gold, you call me.

As for vested interest, For the fourth or fortieth time :

I am a metals whore. I will flip my position quicker than Bill Clinton to be on the right side of the market. I could care less where they go. I have several thousand ounces in short gold. I'm on record when I sold it. I would love to loose on those trades, as they are all hedges against long platinum or long silver. Nobody more than I would love to see gold run through the roof, I'll make a fortune, its what I sell. But meanwhile, the world is as it is, and I will play the hand dealt.

Where were you at 380? 350? 300? Repeating your vapid mantra?

I was here, telling folks gold would fall.

Thanks for the repost. You and I are done.


Date: Tue Mar 31 1998 01:35
bernatz du ventadorm (Say, here's a novel idea) ID#182192:
From someone who is highly articulate and yet unable
to spell repel

BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH
BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY

Date: Tue Mar 31 1998 01:31
Poorboys (Put the nail in the right place ---Dr bernatz) ID#224149:
Farfel –Did you ever see the movie Network? Its about a newsman that gets a message from God ( Oilman ) and now knows the truth –I get a chuckle everytime I read your posts ----I hope your not serious of course otherwise watch –Who flew over the cuckoos nest ---Please relax and have a great night.
bernatz du ventadorm ---Please I cant afford the time to install another Hard drive ---Away to check Disc prices ---Oh by the way are you serious ?----Goodnight ----All


Date: Tue Mar 31 1998 01:30
bernatz du ventadorm (FALAFEL, THIS IS THE BEST YOU CAN DO?) ID#182192:
I was expecting a little more from someone who
was trained in my field and could speak my language

BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH
BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY

Date: Tue Mar 31 1998 01:27
Hardguy2 (@ RJ, IMHO, Your arrogance is) ID#399119:
only exceded by the crass smugness you've exibited in your many cheap shot comments that avoid real substance. I care about the human condition, our future, the future of our childrens children. Will they have Liberty? or Corporate Facism disguised as Democracy. Do you care?

Date: Tue Mar 31 1998 01:25
Interesting Times (lunar vocalizing) ID#423355:
Uh... that should be howling AT the moon. To the best understanding of modern astronomical science, the moon itself rarely, if ever howls.

Date: Tue Mar 31 1998 01:22
farfel (@ BERNATZ..this REALLY is my final post for the night...) ID#340302:
...Bernatz, please take a valium...you truly will feel much better.

P.S.

I DON'T CARE...I'M BUYING MORE.
I DON'T CARE...I'M BUYING MORE.
I DON'T CARE...I'M BUYING MORE.

Fondest,

F*

Date: Tue Mar 31 1998 01:22
bernatz du ventadorm (Well, it's clearly not a discussion group) ID#182192:
when the number of posts from certain people are limitless.

BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH

Date: Tue Mar 31 1998 01:20
Interesting Times (real-time gold prices) ID#423355:
Copyright © 1998 Interesting Times/Kitco Inc. All rights reserved
I gather from the lack of response to my earlier request that Monday nights are reserved for thumping our chests and howling and the moon. Sorry to have violated this implicit but evident protocol. So then. ( ahem ) Ba-ha-ha-ROOOOOOOOOO!!!

To Bart: Bounds checking your quotes for reasonable values is a fine idea; the problem I have is with the several-hour periods with no quotes.

To F* the U*: ( at the risk of distracting your entertaining flame ) So tell me, is it still here ( clawing motions with fingers here ) , or did it come and go, and we missed it...

Vociferously, I.T.

Date: Tue Mar 31 1998 01:18
bernatz du ventadorm (Then we will have to wait for the end ) ID#182192:
for George S. Cole to say the gold bear is over ( and he will
be buying on the dips )

BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH
BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY

Date: Tue Mar 31 1998 01:18
crazytimes (How can it be a discussion group if posts are limited?) ID#342376:
.

Date: Tue Mar 31 1998 01:17
Myrmidon (RJ on your last post) ID#345268:

RJ: Gold has been one of the worse buy and hold investments in the last 20 years

Wow!!!! how did you figure this, can you provide some factual analysis for us dummies to learn?

Date: Tue Mar 31 1998 01:17
farfel (@ALL...one final note for the night...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...I do not pretend to be a metals trader. I am not. I feel it is very difficult to time metal's moves and do not pretend to have the knack.

Rather, I am an ideologically committed Gold Long who happens to believe that current valuations of gold are artificially low and have been manipulated downward by very shrewd governmental and business forces.

Does my ideology make me a bad metals trader? I suppose...but then I do not play the metals for the short term nickel run. I am here for the ballpark home run...and I happen to believe it is just around the corner.

It is difficult to advocate such a position and not face ridicule for a variety of reasons. The gold bear has been around a long time. Many other analysts took stands along the way, declaring the end of the great Gold Bear. They were wrong. Now I am one of the latest. Naturally, it is imperative that I be ridiculed and disparaged because, God Forbid, I may just be the one who hits the nail on the head...the one who actually discerns the Truth.

As I stated in an earlier post, there is nothing more frightening to a Wall Street Bull ( aka Gold short ) than an antagonist who fully understands the enemy's mindset...who speaks their language...who was educated in the very same schools as Wall Street's most adept bulls...and who truly grasps the entire macro picture of contemporary global events.

The cynics, Wall Street Bulls, and gold shorts will state that I am spouting megalomaniacal nonsense. I simply respond as follows....

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: Tue Mar 31 1998 01:15
bernatz du ventadorm (Farfel, as in Rhymes with awful) ID#182192:
BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH

Date: Tue Mar 31 1998 01:15
Savage (euro) ID#280222:
( IMO ) The Euro was DESIGNED for use in '99, then 2000, and BEYOND. It will NOT be affected by Y2K. It may indeed be the benefactor of other currencies Y2K problems. Perhaps, this too, ( timing ) was part of the plan. IMO gold backing will reflect Swiss jockeying to 25% ( from 40% ) . IMO Japan already knows this.

Date: Tue Mar 31 1998 01:13
Winston__A (Gold) ID#244360:
Will it hang on to 300 tonight? If not, what then?

Date: Tue Mar 31 1998 01:13
A.Goose (Interesting eligible down 34,506...) ID#20135:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved
and registered went up 75,190 31,958 43,232 34,506 , for a total increase of 184,886 ounces. Now if you are watching the tolals only this increase looks impressive, but in reality the eligible stocks dropped 23%. 4 million paper ounces traded today, while only 34,506 actually changed status. The game goes on, BUT we can see them setting it up NOW.


Comex gold stocks 2
March 30 1988

TOTAL REGISTERED
443,552 75,190 31,958 43,232 34,506 521,290
TOTAL ELIGIBLE
182,784 0 0 0 -34,506 148,278
COMBINED TOTAL
626,336 75,190 31,958 43,232 0 669,568




COMEX Silver Warehouse Stocks, Part 2



-- SILVER
( Quoted in Troy Ounce )

TOTAL REGISTERED
-592,672 0 38,353,915
TOTAL ELIGIBLE
188,987 0 48,472,816
COMBINED TOTAL
-403,685 0 86,826,731

New York-March 30-FWN--COMEX ESTIMATED VOLUMES

TOTAL ESTIMATED VOLUMES
Gold 40,000
Silver 8,000
H.G. Copper 5,000

Goodnight

Date: Tue Mar 31 1998 01:11
bernatz du ventadorm (You think Farfel is the only one who can disrupt this forum?) ID#182192:
BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH

Date: Tue Mar 31 1998 01:11
RJ (..... Wake up and smell the gold .....) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

Gold will probably fall to 285 or so, then limp on up to 320 - 330 later this year. This prognostication, while quite out of the toilet, is still laying there on the damp bathroom carpet.

Gold has been one of the worst buy and hold investments of the last 20 years. I have argued this point before on this forum and would be pleased to argue it again, as I can do it entirely by reposting my original arguments; which risks little beyond a little carpal tunnel irritation from the cut and paste.

For the stout of heart straining at the gate I caution:

My proof is offered in numbers.

Short of inventing a new branch of mathematics, you will not win.

Its OK, I do this for a living.

Hard Fellow -

Do you make those little quote marks in the air with your fingers when you talk?

Just Wondering. Never Mind.


Date: Tue Mar 31 1998 01:10
bernatz du ventadorm (Here's a cute message) ID#182192:
BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH

Date: Tue Mar 31 1998 01:09
bernatz du ventadorm (Farfel) ID#182192:
Copyright © 1998 bernatz du ventadorm/Kitco Inc. All rights reserved
I think RJ is short right now
Because short is the right side to be on

One thing this pleasant exchange has pointed
out is that, once again, any unemployed halfwit
with access to a computer can completely
oertake this forum BECAUSE THERE ARE NO POSTING
LIMITS.

Believing that one person can truly make a difference,
I am going to post the following repeatedly until I am
kicked off or until the changes occur

BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH

Date: Tue Mar 31 1998 01:03
farfel (@RJ...but yet you claim to be a metals trader....) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...who operates outside the realm of emotion

Yet, your overriding rant is Sell, sell, sell. You have taken a determined stance and somehow, the idea that there are others who shout, Buy, buy, buy!! incenses you to no end. If you are truly a trader, what do you care if my chant is unidirectional Certainly, at some point, you will go long on the metal, won't you? Traders do that, don't they? Problem is you are not a trader...you are disingenuous because you are, plain and simple, an ideologically committed gold short.

If you were not shorting gold on a sustained basis, then you shoul care less about some guy named Farfel exhorting others to take an opposite tack.

You argue that your advocacy of selling gold is on the basis of pure logic...yet, there is equally ( if not more ) compelling logic that invalidates your own.

Relax, RJ, so far the shorts are winning the game. The trend is your friend, as they say. However, isn't it unnerving when highly articulate, well-educated antagonists can repell every contention you offer...and when more and more such antagonists are climbing on the bandwagon to repudiate the ideology of the Great Gold Bear? It's scary, isn't it?

F*
Such is life








Date: Tue Mar 31 1998 00:56
Bart Kitner (Kitco) (Updates) ID#25867:
Tech Dept: Some of you may have noticed some data glitches happening from time to time. These things happen. We're training our computers to ignore prices when they're too good to be true, too fast. I don't have to tell anyone that if you're using our data or anyone else's for trading, always confirm with another source before committing yourself in any way. This is especially true for day traders where every dime is meaningful.

Sales Dept: Our first batch of Mounties shipped today. Those who ordered early should have something to show for it before the weeks' up.


Date: Tue Mar 31 1998 00:50
Hardguy2 (@223, I'm not tense) ID#399119:
Copyright © 1998 Hardguy2/Kitco Inc. All rights reserved
Really, I'm just afraid! I'm afraid this noble experiment is nearly over. The electorate has lost control of the elected, the un-elected gentry, the elite who have been appointed to judge-ships and OVER-RULE the Constitution, the in-place infrastructure in our various Capitals, theStaffers who help newly elected, starry-eyed, idealists learn the ropes so that they soon become the business as usual inside the beltway Party toadys ( with just a few exceptions like Ron Paul, so far anyway? ) I know I've posted a mite off Topic but not too far really, it's all moot if we arn't a free people, our system used to be based on a strong right to own property, now as I indicated in a previous post, we rent-through-taxation and clear title is a legal fiction. I am a Hardguy too disgusted to continue for now, WAKE UP AMERICANS, DON'T TAKE IT ANYMORE!

Date: Tue Mar 31 1998 00:44
farfel (REPOST...and this intellectual accuses me of vitriolic spittle...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
...and ad hominem condescension Who is this RJ guy kidding? I offer up this reposted non-emotional ( ? ) tidbit for your evaluation, a classic example of a Wall Streeet kid ranting and raving because there are actually foreigners out there contemplating ( heaven forbid ) the end of American hegemony. Even worse, he is infuriated because there are actually individuals on this forum that refuse to accept his thesis that gold is going to sink into a toilet

Oh, poor RJ, what will happen if you threaten to take your American football home...and the Asians and Europeans say, Sure go ahead. We'll play another game instead. ( and with a GOLDen ball at that? ) .

F*

REPOST:
Date: Mon Mar 30 1998 22:35
RJ ( ..... Unbelievable ..... ) ID#411259:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

The following rosy scenario was offered hereabouts:.

Japan sells off US T bills, sends US economy into tailspin.

Let's see…. what would be the result of this action? Japan kills off its biggest and most profitable market. They sell no more cars or TVs or camcorders to the US. Neither do they sell to the rest of the world, because the United States IS the market for the rest of the world and without our buying they all fall. The Japanese thereby have cut their collective throat. Who thinks this crap up?

You can always count on people doing what they consider to be in their own best interest. The proffered scenario fails to take that into account. One may sit around all day with lofty theories and clever little theses on the demise of the world, but the world tends to not cooperate in petty fears of mortals, and goes on much the same tomorrow as it is today.

The response to this is sure to be as mindless as the refrain that brought it forth. Nobody cares about the facts, they're buying more. Kind of like the dunce who pounded his head with a hammer because it felt so good when he stopped. The reasoning is the same. I won't even bother to respond to the rest. When the initial premise is misguided, all that follows will be in error.

Date: Tue Mar 31 1998 00:25
Stilgar (test) ID#234201:
testing

Date: Tue Mar 31 1998 00:22
Poorboys (Maybe The Poorboys Golden Plaza ?) ID#224149:
Earl –Poor boys Plaza –Yes sort of like a place to help our young children find values, Principles, pride and respect with a touch of Human Rights. Maybe they could learn to produce for a living instead of cogitating on stocks and show the world of boiler room makers that they are no longer desired. Like the weeds in your yard they are very difficult to eradicate but the Internet at this period in time gives us all freedom to speak on both viewpoints of what we believe to be conscientiously correct. Amen MR.EARL you are gentleman.

Date: Tue Mar 31 1998 00:16
Interesting Times (real-time spot prices) ID#423355:
Any recommendations? I gather that nobody makes this available for free... thanks in advance.

Date: Tue Mar 31 1998 00:15
Old Soldier (Young ones, stand guard!) ID#185274:
Cherokee, please provide more info on Lifon.
No antipodeans in sight, I'll quit my post and off to the foxhole. A fine evening!!!

Date: Tue Mar 31 1998 00:11
EJ (G'Nite) ID#45173:
Gimme a dome
Where the megabucks drone
And the monkeybills chagger all day
It'll give you a lick
A buffalo kick
And send you on your way

Date: Tue Mar 31 1998 00:09
223 (Cherokee_A) ID#26669:
Hari Seldon? You know he has a 20th century analog, a fellow named Robert Jay Lifton. Which is at least as close a match as the one between The Mule and WJ Clinton. Isn't it eerie the way life follows fiction?

Now if we could just find Eldorado...

Goodnight all! :^ )

Date: Tue Mar 31 1998 00:07
SDRer__A (Old Soldier, Expect you're right...the human condition ) ID#288155:

Think now
History has many cunning passages, contrived corridors
And issues, deceives with whispering ambitions,
Guides us by vanities.
...Thoughts of a dry brain in a dry season.
Gerontion/T.S. Eliot

Goodnight!

Date: Tue Mar 31 1998 00:02
RJ (..... Wiping off the chin ....) ID#411259:

JD -

If you could see the grin on my face when I type that crap, your opinion of my would raise immeasurably.

Away............topracticespittingovertherailinaladylikemanner


Date: Tue Mar 31 1998 00:00
Old Soldier (No flaming from these fingers) ID#185274:
Suspicious, you have fallen prey to the limits of the written word. Had you seen me speak those words in person, you would not have missunderstood. Calm down, go back and look at what I said. Satire is strong but it was surely not directed at you. I am your friend. Trust me.

Date: Tue Mar 31 1998 00:00
223 (HARDGUY2, your post reminded me of a story I heard not too long ago.) ID#26669:
Copyright © 1998 223/Kitco Inc. All rights reserved
There was once a goldbug who kept having this really strange dream. He was really bothered by it so he went to see his psychiatrist.

He laid down on the couch and told the psychiatrist, Gee, Doc, I've been having this dream that first I'm a teepee, then I'm a wigwam, then a teepee again, then a wigwam. This keeps going all night and by morning I'm just exhausted. What do you think it means?

Well, the shrink thought for a while, then pondered and then mused, using up most of the 50 minute, $120 hour. Hmm.. teepee, wigwam, teepee, wigwam, teepee, wigwam...well it seems fairly clear to me that you're just two tents...

Nuf said. Go gold

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