KITCO GOLD FORUM
1997-1999

index
Date: Thu Jan 07 1999 23:53
BigFisherman (Prospector) ID#258273:
Copyright © 1998 BigFisherman/Kitco Inc. All rights reserved
Never did. They seem quite rare. Found a website on minerals that discusses the rarity of pure platinum in nature.

We just got a 0-taking ruling from the USFS on endangered bull trout on our claim. That is, we can suction dredge next year. This should yield a fair amount of platinum placer.

Also, we get a lot of extremely small fines that appear to be made up of some kind of crystal ( saphire is common in the area ) with very fine wire-like platinum in the mix. Since we are not too far from Stillwater country, we guess there is an exposed platinum reef somewhere upstream.

Of course we are amateurs at this, and probably delusional.

Date: Thu Jan 07 1999 23:45
BigFisherman (just posted) ID#258273:
http://www.drudgereport.com/

Looks like the story will be out in next Weds edition.

Date: Thu Jan 07 1999 23:34
Lurker 777 (crazytimes ) ID#317247:
Into our pockets, YES!

Date: Thu Jan 07 1999 23:30
crazytimes (One more time....) ID#344326:
So if the Bull Market is over in US Equities, T-Bonds and the US Dollar, where will money go.......

Date: Thu Jan 07 1999 23:23
24K (kitkat How To Survive Canada's Peso) ID#81124:
I have heard of this book, but I cannot seem to locate one. Could you please tell me where you got yours?

To save bandwidth, please reply to
unifield@home.com
if you would like.

Thanks in advance.

Date: Thu Jan 07 1999 23:22
Lurker 777 (gagnrad, good question!) ID#317247:

Buy the December 290 ( $850 ea. ) and 240 Puts ( $90.ea ) . If Gold falls to $240 sell the 290 puts and buy some more out of the money Puts. This way you will keep averaging your Bullion price down as Gold falls.

Date: Thu Jan 07 1999 23:17
cherokee (@.....'a.kitty.with.no.name'......america.) ID#288231:

the crude one.....the analysts say she's headed
to $8bbl...

http://www.digisys.net/futures/chart/ts_cha13.gif

every bit as smelly as hep-rat..aka.gogumby....


Date: Thu Jan 07 1999 23:16
John Disney (I wanna see a DNA test ...) ID#24135:
to esotericist ..
I wont have that .. hepcat is
clearly an alien .. and from a
pretty stupid planet ..

Date: Thu Jan 07 1999 23:02
lady_bug (Gollum, Precious Metals Review) ID#320202:
by Melany Lovett: Some players also suggested that Princeton Economics International was also
covering shorts, although chairman Martin Armstrong could not be reached for comments

ha ha ha ha ha ha ha ha ha ha ha h ah a

Thank you Gollum , that now absolutely made my day
l_b

Date: Thu Jan 07 1999 23:02
Theme Investor (For Sure....oil price deflation thru 1999 ?) ID#374333:
Maybe we are about to make an oil price comeback after all.

Date: Thu Jan 07 1999 23:01
gagnrad (Lurker777) ID#43460:
Copyright © 1998 gagnrad/Kitco Inc. All rights reserved
Your low risk strategy is well known to Kitcoites. But I have been meaning to ask you for some time and never got around to it. At what point in a rising or falling market would one liquidate their 290 put? Likewise at what point would they liquidate their gold holding?

It seems like a good thing going in to do as you have done, but I would just dismiss the put as I have seen in my own psyche a relative intolerence to selling gold, reckoning it to be a hedge against the market. ( The gold I would liken to the 70 pound parachute I lugged around for years when I was in the service, dutifully sitting on it whenever I had to ride in an ejection seat aircraft. And I guess the put would be like the little key with the red WARNING ribbon which armed the cannon shell in the seat itself? But I never felt the need to actually use either one. ) I find it much easier to kiss my stocks goodbye when they are ripe and ready for harvest. One phone call and they are gone, unlike the gold which must be lugged from the bank vault to the post office et cetera.

Will check back tomorrow as things are too noisy on Kitco tonight with Hepcat here.

Date: Thu Jan 07 1999 22:45
Silverthorn (Bart) ID#247309:
The Guidelines either need to be enforced or eliminated. The kind of posting here tonight is offensive to most Kitcoites. Please.

Date: Thu Jan 07 1999 22:42
Prospector (@BigFisherman) ID#221227:
Did you manage to find a source for platinum nuggets?
Cheers.

Prospector

Date: Thu Jan 07 1999 22:40
aurator () ID#257148:
esotericist
Did you ever find out about Black Gold?

Date: Thu Jan 07 1999 22:30
esotericist (gogold profile) ID#224230:
gogold is neither irritating nor obnoxious - just a waste of precious bandwidth. I find his what a clever chap I am multi-post diatribe amusing and revealing. I bet he drives a Big Car with the windows wound down, the music on Full Volume playing.....let me see now....The Bee Gees greatest hits?

Date: Thu Jan 07 1999 22:17
HighRise (crazytimes) ID#401460:

It is good that you remind all here at Kitco that they owe us big time for the $5 up move in Gold.

I now wish I could loose 5 pounds.

HighRise

Date: Thu Jan 07 1999 22:17
Tantalus (@morbius: Sorry, good advise. Use those netiquette guidelines.) ID#370236:

Date: Thu Jan 07 1999 22:14
BigFisherman (morbius) ID#258273:
Sorry. Usually don't respond to flames of myself. Blood sugar must be low. Flames on others will ocaissonally draw me out of lurker status.

Dinner time.

Date: Thu Jan 07 1999 22:11
Tantalus (Triple posts s*ck) ID#370236:
Not sure where sense of humour originates in the human mind,

but gogold-you need a brain transplant.

Date: Thu Jan 07 1999 22:07
morbius (BigFisherman) ID#35757:
Did you have to measure dicks with gogold? He is so pathetic that he has got to come here and brag about how much money he has made to feel like a man. I have to admit he is obnoxious and irtitating, but if you ignore him, he'll go away.

Date: Thu Jan 07 1999 21:59
Lurker 777 (Don't be a looser!) ID#317247:
Copyright © 1998 Lurker 777/Kitco Inc. All rights reserved
I have loss no money investing in gold bullion since I started buying over a year ago. If I sold all of my bullion at today's closing prices, I would break even. My investment strategy is simple, I look to buy under valued assets and hold them until they become over valued. I buy real gold for asset preservation and because gold is at a 19 year low. As most here at Kitco know, I buy the one oz. Phillharmonic 999.9% pure gold coins with a face value of 2000 Shillings ( $170US ) and a December 99 290 Comex Put option to cover my downside risk. The most I can loose is 5% and there is huge upside potential. I DARE anyone to show me a better low risk investment than my gold bullion investment strategy.

If you are losing money in the GOLD market ( Real Gold Bullion ) here is a simple way to protect your downside risk. Call RJ at Monex because he can help you. The Mountie is quoted at $319.40 per coin plus a small commission and has a Guarantee of $310.00 until January 1, 1999. See at: http://www.Monex.com/prices.html Your total downside risk is less than 5%

Date: Thu Jan 07 1999 21:44
BigFisherman (gogold) ID#258273:
Copyright © 1998 BigFisherman/Kitco Inc. All rights reserved
I also made money elsewhere. I start software companies for a living. My last investment yielded 100,000%. Top that. Some of my friends have: my partner in my new internet start-up provided some of the original seed capital in Amazon.com.

I also do my own research, and me and for my techie buddies. That is why I am here, to identify candidates for investment. Our return so far is not dumb luck, but based on technical analysis. Mutual funds? Give me a break.

We are selling tulips and buying gold to hedge our wealth. Gradually and steadily on the dips for the long term We started one year ago. I would not be surprised to see gold dip to 200. But then our tulips should grow well. Hedge in all directions I say.

I wish you well, despite your violation of the following:

Please Note: For your protection, please do not post any comments or files that are accusing, harassing or defamatory. It is your duty as
an information provider to verify the accuracy and legality of the
content you are providing and to accept liability for any actionable
defamation or objectionable material which you may provide.

Date: Thu Jan 07 1999 21:37
TechTrader (Dow/gold ratio chart) ID#372180:
The following site is the best site I've found that has any chart of the ratio. But I would tend to think this does contain some useful information.

http://goldinfo.net/rarecoins/historyofstock.html

Date: Thu Jan 07 1999 21:29
crazytimes (Not to mention...) ID#344326:
HighRise and crazytimes worked-out the other day to do our share for gold. Be afraid gold shorts, be very afraid........

Date: Thu Jan 07 1999 21:27
Donald (Oil price deflation will continue at least during all of 1999) ID#26793:
http://nt.excite.com/news/r/990107/17/business-texaco

Date: Thu Jan 07 1999 21:26
crazytimes (Kitco indicator for Gold....) ID#344326:
Preacher and gogold are back. RJ leaving? Those things alone say the tide is turning. GO GOLF!

Date: Thu Jan 07 1999 21:24
HighRise (Crash Index) ID#401460:

+4
http://wwfn.com/crashupdate.html

HighRise

Date: Thu Jan 07 1999 21:15
2BR02B? () ID#266105:

..fwiw, I agree with gogold that the Dow/gold ratio isn't
particularly meaningful. The world changed for gold in '33
with the abandonment of an American gold standard and further
changed in '71 with the termination of even a gold *exchange*
standard, sort of a gold standard lite. Comparisons across
time spanning these monetary environments aren't particularly
relevant.

Date: Thu Jan 07 1999 21:07
cherokee () ID#288231:

gold....

http://www.digisys.net/futures/chart/ts_cha21.gif

and all that it promises......grok it.....

Date: Thu Jan 07 1999 21:01
MoReGoLd (@Neophyte) ID#348286:
I posted recently that a friend in Europe told me that Quantum was short a massive amount of Gold. They are not regulated so they report to no-one and it's extremely hard to verify. All I can say is that so many Funds are playing this game that the final straw can appear any time on the Camels Back.
When she breaks the little guys ( speculator shorts ) will be eaten alive.....

Date: Thu Jan 07 1999 20:56
TechTrader (Dow/gold Ratio) ID#372180:
Copyright © 1998 TechTrader/Kitco Inc. All rights reserved
While there is some truth to the fact that both the dow and gold could drop in value simultaneously in relation to a given dollar ( if the dow fell less than gold perentage wise then we would have an increasing ratio ) we might be able to fix this problem.

For instance, we might list the major investment vehicles that resources go to, such as, hard assets, the dollar or money markets, bonds, stocks, and others I might have missed. From this list we would take ratios of all them...a total of 6 ratios for the above 4 listed vehicles. If look at historical data we could say that at this point for instance...the dow is historically high against gold, the bond is horstorically high against gold, and the dollar is also high against gold, and the dow is historically high against the bond...etc.

From this evaluation, we could then rank the investments from most to least expensive and weight our investment amounts accordingly to buy the more of the cheaper asset and reduce the holdings in the most expensive asset. I would tend to think we would be consistently making money...no?

Date: Thu Jan 07 1999 20:55
gogold (cherrypee, the fact that you still frequent this site to spout) ID#430203:
Copyright © 1998 gogold/Kitco Inc. All rights reserved
your inanities shows what a loser you are. Don't you have
a wife or children or a home away from the library?


BigTrouthead - I made more than you last year from one mutual
fund. I didn't have to rely on anyone else's advice, I
went to my broker and picked it out. P.S. It wasn't a gold fund.
I didn't have to sweat it out. It's called self-reliance.
By sheer dumb luck you bucked the trend in gold. That is not
so remarkable, since EVERY kitco poster does the same. No
one ever loses money investing in gold at the Kitco Fantasy
Land Site. Hell, even the Mounties have given people a 200% return on their investment. I have heard all of the stories before about people making money in the junior mining stocks. In fact, if you look at the 100 most wealthy people in the world, all of them made their fortunes
in junior mining stocks. Keep reading cherrypee and keep
rubbing your ingot.

Date: Thu Jan 07 1999 20:55
El Borak (Royal Silver -- What's Up?) ID#227363:
Copyright © 1998 El Borak/Kitco Inc. All rights reserved
Besides RSMI that is? I bought this little beastie @ .15 a few months ago and watched in horror as it slid, slid, slid to .03/.04 over the past 10 weeks or so. In the past 3 days it's gone from .04 to .12 and was up 60% today. I know this is a nice silver rally, but come on! Anybody heard juicy rumours I can spead around?

Thanks a bunch.

Copyright 1999 El Borak, inc. Makers of Dr. Snoose ( tm ) tobacco products for children. Warning: this product causes mouth, gum, ear, nose, throat, skin, bone, cat, dog, goldfish, and lincoln log cancer. Use only as directed.

Date: Thu Jan 07 1999 20:54
gogold (cherrypee, the fact that you still frequent this site to spout) ID#430203:
Copyright © 1998 gogold/Kitco Inc. All rights reserved
your inanities shows what a loser you are. Don't you have
a wife or children or a home away from the library?


BigTrouthead - I made more than you last year from one mutual
fund. I didn't have to rely on anyone else's advice, I
went to my broker and picked it out. P.S. It wasn't a gold fund.
I didn't have to sweat it out. It's called self-reliance.
By sheer dumb luck you bucked the trend in gold. That is not
so remarkable, since EVERY kitco poster does the same. No
one ever loses money investing in gold. Hell, even the Mounties
have given people a 200% return on their investment. I have heard
all of the stories before about people making money in the
junior mining stocks. In fact, if you look at the 100 most
wealthy people in the world, all of them made their fortunes
in junior mining stocks. Keep reading cherrypee and keep
rubbing your ingot.

Date: Thu Jan 07 1999 20:54
small investor (RCA in 1920's/yhoo/etc) ID#105145:
Talked with Old Gold/stock today. RCA went from 3 to 300 in the late 20's. That is 100:1 .. These internet stocks are close to that! Yhoo may go to 500 and amzn may go to 250. When the stock paper is transferred into U.S. dollars there will be alot of them! Where does all that paper go? There is no shortage of paper!
P.S. Did anybody hear what HM minning co said on CNBC tonight? I missed it.

Date: Thu Jan 07 1999 20:53
gogold (cherrypee, the fact that you still frequent this site to spout) ID#430203:
Copyright © 1998 gogold/Kitco Inc. All rights reserved
your inanities shows what a loser you are. Don't you have
a wife or children or a home away from the library?


BigTrouthead - I made more than you last year from one mutual
fund. I didn't have to rely on anyone else's advice, I
went to my broker and picked it out. P.S. It wasn't a gold fund.
I didn't have to sweat it out. It's called self-reliance.
By sheer dumb luck you bucked the trend in gold. That is not
so remarkable, since EVERY kitco poster does the same. No
one ever loses money investing in gold. Hell, even the Mounties
have given people a 200% return on their investment. I have heard
all of the stories before about people making money in the
junior mining stocks. In fact, if you look at the 100 most
wealthy people in the world, all of them made their fortunes
in junior mining stocks. Keep reading cherrypee and keep
rubbing your ingot.

Date: Thu Jan 07 1999 20:53
Crystal Ball (@ APH) ID#287367:
Still holding OEYMDs? I feel stupid. Coulda got outta OEYMFs for 9 3/4 ( breakeven ) early this a.m.. Hope OEX shoots down to 600-615 by 1/15.

Date: Thu Jan 07 1999 20:52
gogold (cherrypee, the fact that you still frequent this site to spout) ID#430203:
Copyright © 1998 gogold/Kitco Inc. All rights reserved
your inanities shows what a loser you are. Don't you have
a wife or children or a home away from the library?


BigTrouthead - I made more than you last year from one mutual
fund. I didn't have to rely on anyone else's advice, I
went to my broker and picked it out. P.S. It wasn't a gold fund.
I didn't have to sweat it out. It's called self-reliance.
By sheer dumb luck you bucked the trend in gold. That is not
so remarkable, since EVERY kitco poster does the same. No
one ever loses money investing in gold. Hell, even the Mounties
have given people a 200% return on their investment. I have heard
all of the stories before about people making money in the
junior mining stocks. In fact, if you look at the 100 most
wealthy people in the world, all of them made their fortunes
in junior mining stocks. Keep reading cherrypee and keep
holding your ingot in your hand.

Date: Thu Jan 07 1999 20:52
small investor (RCA in 1920's/yhoo/etc) ID#105145:
Talked with Old Gold/stock today. RCA went from 3 to 300 in the late 20's. That is 100:1 .. These internet stocks are close to that! Yhoo may go to 500 and amzn may go to 250. When the stock paper is transferred into U.S. dollars there will be alot of them! Where does all that paper go? There is no shortage of paper!
P.S. Did anybody hear what HM minning co said on CNBC tonight? I missed it.

Date: Thu Jan 07 1999 20:50
gogold (cherrypee, the fact that you still frequent this site to spout) ID#430203:
Copyright © 1998 gogold/Kitco Inc. All rights reserved
your inanities shows what a loser you are. Don't you have
a wife or children or a home away from the library?


BigTrouthead - I made more than you last year from one mutual
fund. I didn't have to rely on anyone else's advice, I
went to my broker and picked it out. P.S. It wasn't a gold fund.
I didn't have to sweat it out. It's called self-reliance.
By sheer dumb luck you bucked the trend in gold. I have heard
all of the stories before about people making money in the
junior mining stocks. In fact, if you look at the 100 most
wealthy people in the world, all of them made their fortunes
in junior mining stocks. Keep reading cherrypee and keep
holding your ingot in your hand.

Date: Thu Jan 07 1999 20:49
gogold (cherrypee, the fact that you still frequent this site to spout) ID#430203:
Copyright © 1998 gogold/Kitco Inc. All rights reserved
your inanities shows what a loser you are. Don't you have
a wife or children or a home away from the library?


BigTrouthead - I made more than you last year from one mutual
fund. I didn't have to rely on anyone else's advice, I
went to my broker and picked it out. P.S. It wasn't a gold fund.
I didn't have to sweat it out. It's called self-reliance.
By sheer dumb luck you bucked the trend in gold. I have heard
all of the stories before about people making money in the
junior mining stocks. In fact, if you look at the 100 most
wealthy people in the world, all of them made their fortunes
in junior mining stocks. Keep reading cherrypee and keep
holding your ingot in your hand.

Date: Thu Jan 07 1999 20:45
kitkat (Musings) ID#218420:
Copyright © 1998 kitkat/Kitco Inc. All rights reserved
My Internet broker was down AGAIN today. When finally connected, I get the message...Processing may be delayed due to the heavy volume. What are they going to be like when everyone wants to sell? People are investing $$$ in these flaky stocks? Puzzled, indeed! Gold has risen two days in a row but tomorrow is Friday...can it last? One site suggests a position in cash over the weekend because anything may happen to throw this stock market into a tizzy. I sleep better though holding gold. After all, cash can also go into a tailspin. Read a book just recently wich scared the hell out of me....How To Survive Canada's Peso.' by Bateman. He is even scarier than you guys.
Greetings to the Golden Cheesehead. Wo warst du? I was convinced that you had gone down in Peggy's Cove, even said a prayer for you.

Date: Thu Jan 07 1999 20:43
RJ (..... Quoth RJ……… Nevermore .....) ID#22849:

To post on this site
If anyone wants to get in touch with me
My e-mail is rjgold@home.com
Apart from that…. Whoooosh

I am indeedy gone

PS
1999 will act as I said it would
When it does, remember who said it
Good luck to all here

OK

Date: Thu Jan 07 1999 20:42
MoReGoLd (@Spock - Starfleet) ID#348286:
I agree Gold must breach 300. decisively, and probably retest it from higher levels a couple of times before the next BIG move. This could all happen very fast though. Gold stocks may have already scrapped bottom.........

Date: Thu Jan 07 1999 20:39
Neophyte (gold up on fund buying and unconfirmed rumors that another hedge fund is facing financial ) ID#390249:
difficulties according to the attached article. Does anyone know what fund might be in trouble?

http://www.infobeat.com/stories/cgi/story.cgi?id=2557934913-16f

Date: Thu Jan 07 1999 20:37
BigFisherman (mooney, spock) ID#258273:
Copyright © 1998 BigFisherman/Kitco Inc. All rights reserved
I took your advice to examine my performance in precious metal shares. As of today I am up 23.67% my investments in gold shares over the past year. This is due primarily to my purchases of SWC at 19 ( before splitting ) , ABX at 15, and ALTA as it bumped along at 1.20. I have taken it in the teeth with SIL at 11. These comprise 85% of major holdings.

I have dabled in a few others including Euro-Nevada, Placer Dome, Durban Deep, and Rangy, to name a few others with mixed results.

I plan to shift to more juniors when as we breach the 200 day moving average. This is getting close, and I nibbled a bit when Kaplan turned strongly bullish.

The best advice I have recieved is from Kaplan and RJ on this site. They have predicted the dips with uncanny accuracy.

If you intend to clean out the idiots on this site I hope you will take your own advice when the juniors take off. I for one will continue to listen to these idiots so that I have the appropriate list of juniors to buy as the bull manifests itself. I will listen even more intently to pick up on pennys at the appropriate time. There is plenty of comment on this site that offers the proper perspective and warnings about speculating inappropriately.

Spock, your defamatory tone is unnecessary. We shall see if the events of the coming year prove whether or not the facts support your superiority complex. I for one welcome all opinions and come to this site to hear well reasoned arguments from all points of view. I detest derogatory comment as it only serves to gratify the ego of the poster.

Date: Thu Jan 07 1999 20:36
HighRise (OIL) ID#401460:

Oil
1309
+29

HighRise

Date: Thu Jan 07 1999 20:33
Retearivs (A pleasant day!) ID#410196:

Let's hope others have had the same experience today. The board here is green top to bottom, even the last doggy junior waged its little tail for a 30% gain. In terms of dollar gain, the increase in the value of the portfolio is near a record and this with gold not doing much.

Stay with us, DA, we like this kind of action!


Date: Thu Jan 07 1999 20:33
longj (food fights...and gold moves..fine EJ has a site for you) ID#30345:
-
Hey, I'm one of the idiots on this site and I like what donald's doing. For that matter if there are those of you who cannot make money on gold or gold stocks and you don't like kitco there are other places for you to go. People present information, opinions, strategies, and some blather; chasing them away is not the answer. Think before you condemn; and think before you post.

This week was a particularly good one for gold stock traders, I made 10% on CCJ and CBJ in just over a week. I mentioned these lat week, many good tips are posted here by many people. These are a short term sell right now. Thankyou, to all Kitco posters for the insight and information.

Here is the list of stocks I'm following in my order of preference: AU, RTP, N, CCJ, CBJ, PAASF, ARC, NEM... anyway posters and discussions are and do provide valuable information here.

Donald you can send me a chart longj@gene.com


Date: Thu Jan 07 1999 20:31
cherokee (@......weine.wackus.distractus......) ID#288231:

gogogumby......

the hand is raised...to rail against one of the luminaries
is to tug on superman's cape....tread lightly or feel the
sting of reality upon thine cheek...

fdspb!.......dmmdiisw.....and i will.

Date: Thu Jan 07 1999 20:31
aussidave (JAPANESE GOLD IMPORTS) ID#251175:
Does anyone have japanese gold import figure for 94, 95, 96 and 97. The reason I ask is that the gold price in Yen is now back to 1995 levels, when, if I remember correctly the Japanese gold imports soared. If you look at the Japanese Yen gold price it has made a nice double bottom 1995 and 1998/99

Date: Thu Jan 07 1999 20:30
Cobra (Feb 99 5-Minute Bar Chart....) ID#34459:
Buy Signals don't ever look any better than this,

http://commoditytrader.net/Trader-2.htm

Date: Thu Jan 07 1999 20:27
morbius (gogold) ID#35757:
Your opinion has been expressed, and noted. What's your beef?

Date: Thu Jan 07 1999 20:21
cherokee (@.....not.logical........does.not.compute.......) ID#288231:
Copyright © 1998 cherokee All rights reserved

spocktus.....

your klingon roots are showing......have you not grokked the TRUE
meaning of gold.......and there-by the reasoning behind buying and
holding gold?

the phaser was on stun...it was done to avoid your long-finger-nailed pinch on the shoulder....

when you awaken......moon-man will be holding your hand with a barney
frank type of smile....yar....; )

yes......gold has sucked eggs as a vehicle to help accumulate ink-stained
cellulose......the futures market and options have taken and taken
and taken......but the yellow one smiles from my hand tam-bien...and
when the day comes when the bull runs....and the fiats around the world
vaporize.....who will cry for their precious? who will have tickets
to the greatest show on earth?

yes.....gold languished as an investment unless one was short last year..
and that is all it did.....languished in the doldrums...and was/is more
affordable than ever!

better get gold while the gettin' is good......chaos and flux have
their capes blowing in the wind.......they know nothing of logic.

cherokee!;..wondering.at.the.logic.of.the.vulcans.......


Date: Thu Jan 07 1999 20:17
gogold (Mo in To, why don't you gro (up)?) ID#430203:
We are not all entitled to express our opinions on this forum.
I was not allowed to express my opinions on this forum.

Date: Thu Jan 07 1999 20:14
HighRise (BEARX) ID#401460:
Copyright © 1998 HighRise/Kitco Inc. All rights reserved

They could be or have been long on Amazon.com since Oct. or Nov. if so that would be OK, they are making money on AMZN - if they sell soon.
http://quote.yahoo.com/q?s=AMZN&d=1ys
http://quote.yahoo.com/q?s=CMB&d=1ys
In reviewing their prospectus they seem to think like some of us. They are contrarian but not apposed to running with a winner for a while. They will buy the Dow when it is beat up, but not at the top.

They do hold long positions in some stocks.

HighRise

Date: Thu Jan 07 1999 20:09
Isure (90% silver Coins) ID#368244:

I believe that scrap silver coins will be $10000 a bag before Y2k, if silver goes up it will be really valuable. HeHeHe!

Date: Thu Jan 07 1999 20:08
Donald (LTCM Hedge Fund rescue group to continue in business; ready for the next failure) ID#26793:
http://biz.yahoo.com/rf/990107/bbc.html

Date: Thu Jan 07 1999 20:06
Mo in To (Gogold) ID#347205:
Hey,
Cut it out, I LIKE Mooney! And besides, we are ALL entitled to express our opinions, be they right or wrong.
MofromTo
ps. sure am glad I bought those gold coins yesterday!

Date: Thu Jan 07 1999 19:58
HighRise (BEARX) ID#401460:

I just checked my info on BEARX. Sept. report.

NOTE:
They are NOT long on Aazon .com they have 300 puts on Amazon @ $75 closed below $50 in Oct..
1,500 puts on Chase Bank @ $45- my favorite,
closed below $45 in Oct. it hit an all time high today or yesterday.


They are long on many Gold Mining Cos. NEM, ABX, HM, RANGY, etc.
Sh*t, I own more mining stocks then I thought!!

I will look for a more recent report later.

HighRise

Date: Thu Jan 07 1999 19:52
Spock (Telling it like it is........) ID#210114:
You people should take a good long look at
yourselves in the Mooney mirror and ask yourself if you are
better off for investing in gold. You are not, and there
are no two ways about it. That may change this year. But
that is what everyone was saying last year. I am trying to
clear out all the idiots from this site so we can start fresh


Stay calm Gogold.

Live Long and Propser

Date: Thu Jan 07 1999 19:47
gogold (Ladies and Gentlemen, all I'm trying to do is help you make money) ID#430203:
Copyright © 1998 gogold/Kitco Inc. All rights reserved
And for the last three years, I have been excoriated, immolated,
hated, and nonrepatriated for my investment advice. This site
is suffering markedly as far as number of hits - why? Because
the advice that has been dispensed on it over the last 3 years
has been awful, and people have gone elsewhere. The proof is
in the pudding. You people should take a good long look at
yourselves in the Mooney mirror and ask yourself if you are
better off for investing in gold. You are not, and there
are no two ways about it. That may change this year. But
that is what everyone was saying last year. I am trying to
clear out all the idiots from this site so we can start fresh.
It doesn't help if you are a nice guy or a wealthy, opera-attending
guy or a retired-at-45 guy. Those guys have not done anything
to help people make money. They should have skulked away a long
time ago for all the grief they gave people. But they are still
here. So stronger measures have to be taken to preserve the
integrity of this site ( or to add some measure of integrity to
this site ) . Mooney, for one, should have had his i.d. card
revoked about 2 years 11 months ago. He is an imposter, and I
told everyone he is an imposter, and still he is allowed to hang
around and talk nonsense.

Date: Thu Jan 07 1999 19:43
Nocte Volens (DONALD...IGNORE GOGOLD'S WHINE) ID#39285:
Many here appreciate your efforts.

: )

Date: Thu Jan 07 1999 19:34
Donald (@gogold) ID#26793:
The D/G ratio does indeed have predictive powers, as does the XAU/Spot Ratio. I will send you a chart if you like. donald@uconect.net

Date: Thu Jan 07 1999 19:27
JTF (Gold equities looking good!) ID#254321:
All: Great action for the gold bug Tsunami surfers today! I don't know if this is due to the WJC trial, or the EURO launch. Probably the trial. It won't be long before it will be due to y2k.

Please beware that the Brazilian presidentn just announced a 90 day moratorium on debt -- there will be alot of unhappy financial types on that one. We must be watching for that big wipeout wave that will get all equities, though I think for the next few weeks we are safe.

Sharefin: Anything on your swing chart?

Date: Thu Jan 07 1999 19:26
Spock (Gold Commentary) ID#210114:
Copyright © 1998 Spock/Kitco Inc. All rights reserved
STARFLEET NEWS SERVICE

$US300 Still The Key
by Trans Yorgen-Vark

Mars Colony 1 ( Reuters )
Keen investors in Starfleet business circles anxiously await the breaking of the $US300 barrier.

We're hoping for the bull to begin when $300 is breached one dealer said today.

Gold has been languishing but our logic is that it can't stay this low foever.

While her has been alot of chat amongst goldbugs about the imminent rise in the price of gold, little has come to support their position.

But it is hope that 1999 will be different.

We're looking forward to a splendid New Year said G. Milhouse Reagan-Liddy.

Others are more sceptical.

We need to see the $US 300 barrier pierced. That remains the barrier.





Date: Thu Jan 07 1999 19:24
2BR02B? (Fed considers speaking in English) ID#266105:


...and January has a blue moon.


http://biz.yahoo.com/rf/990107/be5.html

Date: Thu Jan 07 1999 19:24
gogold (And many follow it and go broke) ID#430203:
What was the worst performing mutual fund category over the
last 5 years?

Date: Thu Jan 07 1999 19:23
gogold (Donald, it has absolutely no predictive power, as demonstrated from D/G ratio of 25 on) ID#430203:
Copyright © 1998 gogold/Kitco Inc. All rights reserved
For the last 19 years, you should have been in the Dow, not gold.
All you index tells you ( I'm going to keep saying this as long
as Donald keeps giving this ratio ) is that the Dow is high and
gold is low. But that doesn't tell you anything about where
the Dow is going or gold is going. Both could go up. Both
could go down. One could go up and one could go down. One
could go up and one could stay the same. Both could stay
the same. You are misleading people into thinking that because
it is above some artificially high level, it necessarily means that
you should invest in gold because gold has only one way to
go. This did not prove true last year, or the year before, or
the year before that, or the year before that, or the year before
that, or the year before that, or the year before that. How useful
is it if ( by sheer luck or just because the Dow is exhausted after
giving 20% returns for the last four years ) this year, finally, your index shows ( remember, it never predicts ) after the fact that gold
was a better investment than the Dow? 1 out of 20 is 5%, hardly
the stuff on which fortunes are made.

Date: Thu Jan 07 1999 19:16
silverrain (Donald keep up the good work) ID#289350:
You are correct about the valuation gold verses dow. Do what you do
many appreciate it and don't comment. Thanks

Date: Thu Jan 07 1999 19:13
Gollum (They're singing my tune) ID#43349:
This could be the start of something big

http://www.midam.com/ecb/md3dxkg9.htm

Date: Thu Jan 07 1999 19:12
2BR02B? () ID#266105:

gogold: n. 2. acerb, acerbic, acid, acrid, bitter, blistering, caustic, sulfurous, sulphurous, venomous, virulent, vitriolic
-- ( harsh or corrosive in tone; an acerbic tone piercing otherwise flowery prose; a barrage of acid comments; her acrid remarks make her many enemies; bitter words; blistering criticism; caustic jokes about political assassination, talk-show hosts and medical ethics; a sulfurous denunciation ) See synonyms at 'hepcat.'


Date: Thu Jan 07 1999 19:11
HighRise (JAPAN) ID#401460:
Copyright © 1998 HighRise/Kitco Inc. All rights reserved
apan
Nikkei 225
^N225
7:15PM
13400.02
-136.54
-1.01%

HighRise

Date: Thu Jan 07 1999 19:05
Donald (@gogold) ID#26793:
Can you recall the date? I will look it up. I do not plan to give up the Dow/Gold Ratio. It is the only way you can make accurate comparisons over the very long term because it removes inflation from the calculation. For example, using the D/G ratio you become aware that the Dow of 1966 is only slightly lower than the Dow of today. The 1966 high was 28.61. If you use fiat dollars to show your progress you fall into the trap the government set for you.

Date: Thu Jan 07 1999 19:02
HighRise (DJ (Quiz)) ID#401460:

Where did you find that info on BEARX ?

I didn't realize they held such long positions, I thought this was a short fund - betting on the fall of the market.

Do they have any puts on Amizon?

HighRise

Date: Thu Jan 07 1999 19:00
James (According to a Moscow poll, only 46% of the unemployed people ) ID#252150:
had any savings left. Wow! That's getting serious. Only about 25% higher than the unemployed in most large U.S. cities.

Date: Thu Jan 07 1999 18:58
Donald (@Kitco) ID#26793:
XAU/Spot Ratio = .248. The 233 day moving average is .247

Date: Thu Jan 07 1999 18:58
gogold (Donald, when are you going to give up on the D/G index?) ID#430203:
The last time we had this conversation, the D/G index was at 27.

What should you have invested in at that time? Dow or Gold?

Date: Thu Jan 07 1999 18:57
Donald (@Kitco) ID#26793:
Dow/Gold Ratio = 32.73. The 233 day moving average is 29.63

Date: Thu Jan 07 1999 18:56
GOLDEN CHEESEHEAD (XAU BREAKOUT OF DESCENDING WEDGE PATTERN) ID#394240:
yesterday means that we are goin' to challenge 110! Poor Abby Cohen--still long 70%!! OUCH!

Date: Thu Jan 07 1999 18:48
GOLDEN CHEESEHEAD (BGEIX @ 5.94 UP21!!) ID#394240:
The gold bull has begun! CNBC to hype gold at 7:00 PM ( ET ) . Will talk with a bullish ceo at Homestake mining about gold's potential during 1999! VENGF back up to 5/8 on heavy volume! Whoever sold that 4.3 million share block yesterday was a complete fool! Watch gold surge in Asia tonight as the currency traders try to take out 110 yen! BEAR-X UP a nickel to 4.80. Buy of a lifetime!

Date: Thu Jan 07 1999 18:48
Squirrel (Envy@13:23 - wait one year and buy American instead of Russian) ID#287186:
After Y2K people will be walking away from their mortgages. Lenders will be lucky to get 5 cents on the quarter. It'll be like this community of 9000 in 1980 when the AMAX's Climax mine closed and laid off 3000 people. We're better now due to 2nd homers from the resorts but that market will be toast after Y2K - like leaving a fresh slice of bread on a desert rock!
Actually a few Gold coins with 30-06 backing might get you one of those trophy homes in Vail or Aspen ( you'll have to fight off road warriors so maybe an AR-15 and some grenades may be better ) .

Date: Thu Jan 07 1999 18:33
Greenstone Gold (STILL.......going strong......) ID#428218:

http://www.europa.com/~blugene/deficit/debt.html

Date: Thu Jan 07 1999 18:20
tolerant1 (Upper left hand corner of the below link...vote NO on taxing the Internet...) ID#20359:
http://freedom.house.gov/

Date: Thu Jan 07 1999 18:06
aussidave (US MINT COIN SALES) ID#251175:
Check out the US Mint web site

http://www.usmint.gov

Gold coins sales

1998 1,624,500oz
1997 564,250oz
1996 275,000oz
1995 297,750oz
1994 310,000oz
1993 514,000oz
1992 385,800oz

Any bets that this year will be even higher?

Date: Thu Jan 07 1999 18:02
gagnrad (Ho hum, another day with SWC) ID#43460:
Lucky to be a buy-and-hold player and lucky this is balancing my PM portfolio: http://quote.yahoo.com/q?s=SWC&d=3m

Date: Thu Jan 07 1999 17:54
DJ (Quiz) ID#215208:
Can anyone guess the stock in which BEARX has the largest position?
-
-
-
Amazon.com .... long!! At least as of early this week.

Go figure.

Date: Thu Jan 07 1999 17:54
gogold (This silver rally is for real) ID#430203:
And Mooney is not. Stephen, how is Flag doing
three years after the fact? Seems that moon
shot is more delayed than the Namibian space
program. 14 Canadian cents a share? That's
about the price of a one minute phone call
in the U.S. Can't you find any takers? Would
they rather be talking to their in-laws in Boston?
Now Flag is a Pt/Pd play? HAHAHAHAHAHAHAHAHA

Date: Thu Jan 07 1999 17:48
ptwoskool (Central bank Gold sales) ID#227305:
http://www.BALONEY.com

Date: Thu Jan 07 1999 17:29
2BR02B? (truth in media) ID#266105:

http://www.concordcoalition.org/news/releases/990106_budproj.html

Date: Thu Jan 07 1999 17:19
morbius (@Gollum - Millenium Falcon) ID#35757:
At www.ebay.com there are no fewer than 30 items for sale depicting the mellenium falcon. May the force be with you.

Date: Thu Jan 07 1999 17:16
TYoung (Gollum...) ID#317193:
I'll send you levers if'n you think you need any and can't find some!

Do you realize that a run on option expiry day that does not retrace and goes through $300 spot makes FND on the Feb.contract...1/29/99...INTERESTING. I may go long yet this month on the Comex contract.

Please, kick sand in my face on this bet. When we pop I'm going to use my other moniker...Tom Young_A...you would not believe what Bart gave me for a password...can't post that now can I.

Beat me, hurt me, wamp up on me. Win.

Tom : ) : ) : )

Date: Thu Jan 07 1999 17:13
CC (First Silver Again!) ID#340286:
The silver rally has started! How long will it last, is another question I can't answer.

In the meantime, FSR is again the leader, as it did last year with a gain of 65% so far since last end-of-November low when silver bottomed near $4.60. FSR has no match when it comes to highly leveraged pure silver producers.

Enjoy the ride.

Date: Thu Jan 07 1999 17:08
Miro (Gold Mining Company Kicked out from NASDAQ) ID#347457:
Oh well, looks like Gold Mining companies are not welcome on NASDAQ. They don't make 500% in one year ( like some hot internet stocks ) . I sure hope that it'll change one day. Than, why would the honest business want to associate with all that fluff? :-o

http://biz.yahoo.com/bw/990107/mk_gold_1.html

BTW, this week was pretty good. My portfolio ( gold and energy services ) - up 11% in 3 days. Gee, few more sessions like this and I can recover my loses ;- )

Date: Thu Jan 07 1999 16:51
2BR02B? (Gollum/PM review) ID#266105:
-

In the news today, the European Central Bank said at its monthly meeting that the 15% quota set for gold holdings as a part of total monetary reserves was for the initial transfer from national central banks only.

The 15% was not a structural decision...It has no consequence on the
structure of reserves in the future nor does it have any consequence on the total percentage of gold holdings of the ECB system including gold on national central banks' balance sheets, ECB vice-president Christian Noyer said. ECB President Wim Duisenberg added that the 15% gold reserves quota would be left unchanged for the longer foreseeable future.

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

The only consistent message regarding gold holdings from these
ECB folks is consistent coyness. They will ever state in no uncertain
terms that nothing certain can be ascertained from their statements.

On the other note, Princeton Econ rumored to be taking it in/covering
silver shorts.

Date: Thu Jan 07 1999 16:38
2BR02B? (more on SA golds) ID#266105:

http://www.barney.co.za/news/jan99/num7.htm

Date: Thu Jan 07 1999 16:38
Gollum (@TYoung ) ID#43352:
Ok. Am I allowed to use any levers if I should happen to find any?

Date: Thu Jan 07 1999 16:33
Gollum (Precious metal review) ID#43352:
http://www.crbindex.com/reviews/story2333.html

Date: Thu Jan 07 1999 16:14
FOX-MAN (COMEX METAL WAREHOUSE TOTALS...) ID#288186:
COMEX Metal Warehouse statistics for Jan. 6

-- TOTALS
Gold 809,210 + 0 troy ounces
Silver 76,300,596 + 0 troy ounces
Copper 95,317 + 629 short tons

Date: Thu Jan 07 1999 15:58
2BR02B? (1999 SA gold industry profit forecast) ID#266105:

http://www.bday.co.za/99/0107/company/c2.htm

Date: Thu Jan 07 1999 15:44
2BR02B? (Nick Goodwin interview) ID#266105:

http://www.moneyweb.co.za/business/070199/070199-nick.htm

Date: Thu Jan 07 1999 15:43
EJ (Bonzo Brazil) ID#45173:
Brazil stocks plunge
Investors fear political instability could spread to other Latin markets

President Fernando Henrique Cardoso announces a 90-day debt moratorium

http://www.cnnfn.com/worldbiz/emerging_markets/9901/07/americas/

Date: Thu Jan 07 1999 15:40
Cobra (Coin Show Action in Florida) ID#34459:
Copyright © 1998 Cobra /Kitco Inc. All rights reserved
Just finished day one of the 4 day F.U.N. Coin Show in Orlando, the largest rare coin show in the U.S. It runs thru Sunday. Dealers are paying up for bullion coins agressively, The were quoteing a buy sell on K-Rands of $5.50 over spot to buy and $8.00 over spot to sell. Did not see but a few 24 kt Eagles and Maples .Silver was the big deal down here, everyone wanted it, many US silver Eagles and Maples of silver were there, Comman date circ US dollar .90 silver dollars were bringing 8.75 to 9.25 each. Old US Gold is in abundance there but there was not 400 ounces of 24kt AU bullion at the show. All dealers were trying to buy 24kt AU in coin form. Action at all tables and there were 750 of them was very brisk. I went to the same show last year and it seemed very slow compared to today. All in all the dealers had high spirits and money was changing hands.
CoBra

Date: Thu Jan 07 1999 15:21
Realistic (@Eldorado) ID#410194:
You're right. Corn did go up for several weeks after that message of yours.

Date: Thu Jan 07 1999 15:06
Mike Stewart (Thing are getting better every day) ID#270253:
The point and figure chart ( 2 points per box ) just gave a bullish Low Pole as the XAU broke 72. This has positive intermediate term impact. The last one came after the Aug 98 hit. Prior to that we had one in Dec 97 before the first quarter 98 runup.

Date: Thu Jan 07 1999 15:04
TYoung (Gollum...ANOTHER bet for the morrow?) ID#317193:
It worked today...same bet for Friday?

Tom

Date: Thu Jan 07 1999 15:03
2BR02B? (Moody blues) ID#266105:
-

NEW YORK, Jan 7, - The dollar volume of defaulted debt in the world's
corporate and sovereign bond markets soared a record $29.3 billion in 1998, as defaults rates hit a five-year high of 3.31% of speculative-grade issuers, Moody's Investors Service reported today.

Moody's added that bond defaults by three countries last year represented the first such defaults by sovereigns since before World War II, as Pakistan default on $300 million of Eurobonds, the Russian Federation on $ 9.7 billion, and Venezuela on $270 million.

http://biz.yahoo.com/rf/990107/ud.html

Date: Thu Jan 07 1999 15:02
Gold Dancer (First good gold day in a long time!!!!) ID#377196:
Copyright © 1998 Gold Dancer/Kitco Inc. All rights reserved
I think this will stick. I have noticed that in the past few days
when the market rallied gold stocks stayed put. Usually they would
decline a lot. Most of the gold stocks held their chart patterns in late
December. The gold stock selling going on now is tax selling for 99,
being done early by those taking profits in tech stocks now.

Next week gold stocks should do well. Certainly by Feb these stocks
should be in the limelite. I wonder if the internet stock buyers will
get a hold of the small universe of gold stocks. I think they might.
They could easily take DROOY to 11 by end of March.

The Canadian Juniors held their gains better than the Seniors at the
end of December so I think they will rise by 300 to 500 % by end of
March. Problem is they will still be only a fraction of what they
used to be.

Now matter what anyone says a close study of gold stocks tells the
tale: When the Dow is crashing the gold stocks go down. Period. So it is
of the utmost importance that the mania in stocks continues. I think it
will and will carry the golds with it in the final blow off of the
Century.

The best technical analyst I know of is Terry Laundry who does the
Magic T theory of investing. There is a long range T in effect that goes
to April 14, 1999. So far it is doing very well and looks to be solidly
in place. I think the golds are going to smoke during this time period
with the best months being Feb and March. After that a correction.

I think gold will be in a bull market for at least 3 years. Maybe longer. In three years the EURO 100 gold coin will be issued. It will
contain the percentage of gold that is finally decided upon to back the
EURO=at least 15%. The amount of gold in the coin is to be decided
in three years. Of course it will depend on the price of gold. The higher
the price the less gold to be placed in the coin. So what do you think
the Central Bankers want? A high gold price or a low one?

The correct answere to that question should find all of us with at
least 50% of our money in gold. Stocks and coins of your choosing.
And the rest in cash.

Looks like things are perking up for us long suffering gold bulls.

Good luck to all this year!!!!


Thanks, Gold Dancer


Date: Thu Jan 07 1999 15:01
longj (Self Inflicted reality check - I'm not waiting for Realistic.) ID#30345:
-
Yesterday I said:

Date: Wed Jan 06 1999 18:53
longj ( @kiwi - I am back ) ID#30345:
-
After exhaustive research ( 15 min ) I have determined that those 99.6 billion €uro of gold do NOT include other CB reserves.
See:

http://www.gold.org/Gra/Gios/5/Oct1998.pdf
Gold in the official sector

It is an adobe doc.

If anyone cares I'll do a screen dump and post as a bitmap here ( official gold reserves chart only ) .

as I'm sure has been posted here before. These figures seem to agree with the 99.6 figure as EMI totals and memeber nations
transfers to the ECB in net terms equal 10752 tonnes.

BBL again.

Well - this was wrong. I added the wrong two columns and mis-interpreted the disposition of the EMI holdings. I think. This 99.6 billion is the sum and total of all official holdings for the EU area not just the ECB.

The ECB holdings prior to this statement were not included in the statement I referenced and posted earlier @14:01. If I assume that the ECB had no gold holdings. This would show that the ECB currently has 784 tonnes and that national CB holdings total 11676. After using the last two columns of this statement in sum I get:

( 784+11676 ) *32150*x=99600000000.

Where x is the average valuation of gold/oz in the eu area. X= about $250/oz. I'm not sure where the 99.6 billion figure comes from, but thats what kiwi posted. Anyway, that's one way to look at it.

The other may be that they sold some of the gold listed in the statement and used the then current market price to arrive at the 99.6 figure. that would lead to the 10752 figure.

Well if anyone can or would clarify this it might be helpful.

BBL.



Date: Thu Jan 07 1999 14:59
PMF (If that was the real D.A. Please raise your hand) ID#224363:
Okay so what's the scoop !!!

D.A. leaves us for 10 months and gold goes back into the toilet. D.A. comes back to post and gold has a big jump up.

D.A. please don't be a stranger. We like it when gold goes up in price.


Date: Thu Jan 07 1999 14:55
trader_vic (Miro - list of Senators) ID#369352:
Miro, Thank you very much for this information...it is greatly appreciated....

Date: Thu Jan 07 1999 14:44
2BR02B? (poor gorby) ID#266105:

Envy 13:23--

http://www.russiatoday.com/rtoday/news/98123013.html?html

Date: Thu Jan 07 1999 14:41
HighRise (XAU @ 71.62 +3.23) ID#401460:

Gold $292.40

HighRise

Date: Thu Jan 07 1999 14:36
HighRise (About time!) ID#401460:

http:///gold.graph.html

HighRise

Date: Thu Jan 07 1999 14:27
Eldorado (@the scene) ID#213265:
Realistic -- I also said last night that is was time to pay particular attention to the 290 Feb GOLD area! And corn this time last year earned me a few $$$. I don't sit in something/anything for very long typically.

Date: Thu Jan 07 1999 14:27
FOX-MAN (BTW, I'm not sure anyone on this site will be interested, but...........) ID#288186:
GOLD IS HAVING A STRONG CLOSING!!!! FEB GOLD CURRENTLY @ 292.40!!!!
YEEEEEEEEHAAAAAAAAAAWWWWWWWWW!!!!

Date: Thu Jan 07 1999 14:22
Mooney* (Money Supply, Inflation, Price of Gold and Oil. ) ID#350194:
Copyright © 1998 Mooney*/Kitco Inc. All rights reserved
Welcome Back in '99 D.A.! D.A.'s first post of '99 was so excellent that I urge it to be read by all daytime participants who may have missed it last night at:
Date: Wed Jan 06 1999 21:49
D.A. ( the.story.remains.the.same ) ID#7568:

Many of us here have been debating the battle that has been taking place between inflationary forces and deflationary forces. Personally I take the view that we are witnessing a period of insidious inflation.
D.A. reminds us once again ( as many others have done here in the past ) of the almost unbelievable expansion that has taken place in the money supply:
To get a sense of the extraordinary happening over the last few years one need only look at the growth in money. From Jan 1989 to Jan 1995, a period of 72 months, about $400 billion of money was created through the combination of outright printing and expansion of bank credit. In the ensuing 48 months, or 2/3's of the time, an unbelievable $1.6 trillion
dollars of new cash has been created. It is little wonder that some asset prices have gone ballistic.
Obviously the increased money supply has to go somewhere. Much of it has been recirculated by increased lending activity which has in turn kept interest rates in a downtrend. Low interest rates and a seemingly improving economy is a great prescription to keep Joe Public happily continuing the buying binge. In the meanwhile, the inflation witnessed in stocks and in certain other areas has not created a widespread inflationary panic, ( witnessed in the 70's, culminating in 1980 with interest rates of 19-21% ) . Why is it that the increased money supply has not also lead to universally recognized inflation and higher commodity prices? I believe that this is due to the fact that the real inflation is being masked by low commodity prices.
The major commodities that are required to be kept low to keep most others low are Crude Oil and Gold. Whether or not the prices of Gold and Oil have been deviously manipulated to low levels or whether this has just been a function of normal forces in the market place matters not at this point in time. What does matter is that basically it only takes the combination of these two commodities having low nominal prices to keep nearly all the other commodities ( and thus also 'perceived' inflation ) at low levels.
Here's why.
When the price of oil skyrockets, so too does the cost of producing and transporting nearly every other commodity, ( and also manufactured products ) , and so producers naturally have to increase prices just to stay in business. ( The inverse ( which is where we've been in recent years ) is that low oil prices trickle down through the production stream and help keep costs low and thus finished product prices are also low. )
When the price of Gold skyrockets, producers understand that they are being asked to part with their produce for payment in depreciated dollars and naturally refuse to do so except at higher nominal 'cash' payments.
In both of the above scenarios we see that with either Oil or Gold going up the price of most commodities will also go up and inflation will become obvious to all.
This line of thinking does not negate D.A.'s comment that many commodities ( due to tight supplies ) are possibly poised for explosive rallys. If sustained increases in a majority of the presently 'low' priced commodities take place, Gold will surely also rise as it is the universally recognized proxy for the intrinsic value of 'real' stuff.
We can see then that if anyone of the three groups maintains a sustained rise then it is very likely that the others will soon follow.
BTW - When the inflation becomes obvious to all, this old saw will regain its popularity:
A study of economics usually reveals that the best time to buy anything was last year. ---Marty Allen

Date: Thu Jan 07 1999 14:18
Jack (I forgot to add) ID#254288:

Only reason Amazon.com flew to extraordinary heights!
All you darn goldbugs were buying their hard money
books, when you should have been buying GOLD.

Date: Thu Jan 07 1999 14:16
Jack (It's all your fault) ID#254288:

Only reason Amazon.com flew to extraordinary heights! All you darn goldbugs were buying their hard money books.

Date: Thu Jan 07 1999 14:01
longj (@allen(usa) these figures might help you re your post of yesterday) ID#30345:
They are from gold.org and indicate reserve holdings. Note that they have a bit less than your figures of yesterday.

Date: Thu Jan 07 1999 13:50
longj (@techtrader) ID#30345:
Some dealers operate only in CASH. They might be a litlle shady, but they will give you greenbacks directly for your bullion. They may not do the 100 oz stuff in one gulp though. I have witnessed these transactions with no names mentioned at the 10 oz level, but I always pay my taxes and need a reciept so this is not for me. ; )

Date: Thu Jan 07 1999 13:46
longj (@envy - you may have paid cash) ID#30345:
Actually, I have bought several gold coins that were cash transactions at shops around the SF Bay Area which did not invovle any sales tax, even though the transaction did not exceed $1000. {;- ) So you probably paid cash for it. Just more info, not a correction.

Date: Thu Jan 07 1999 13:45
TechTrader (A Taxing Situation) ID#372180:
If I make gold bullion purchases or sales at a coin dealer...will the dealer report this transaction to the IRS, or if not, will this information be held on file? They write names down don't they?

Date: Thu Jan 07 1999 13:30
Tantalus Rex (CNBC Gold Coverage) ID#372182:
Just got EMailed that CNBC did a nice piece on Gold today. Basically, they implied Gold was due for a big comeback this year. The negative coverage of gold the past 3 years may be turning.

Remember, as a poster already as said earlier today on Kitco, Just as they can manipulate the POG down, they can manipulate the POG UP!!!!! and this is very ture indeed.

Anyone out there confirm what actually was said?

Date: Thu Jan 07 1999 13:23
Envy (Poll: Many Russians Exhaust Savings) ID#219363:
Copyright © 1998 Envy/Kitco Inc. All rights reserved
MOSCOW ( AP ) -- More than half of the people in Moscow questioned by a poll have exhausted their savings -- and the situation may be even worse in the rest of Russia. The poll released Thursday found that 54 percent of about 800 residents surveyed said they no longer had any savings. The Russian Center for Public Opinion Research did not provide a margin of error for its poll. Russia is in its worst economic crisis since the fall of the Soviet Union being hit in August by the global crisis in emerging markets. Many Russians lost their jobs and have been living on their savings, while others saw their money disappear when dozens of Russian banks collapsed. situation is likely to be more serious outside Moscow, one of the few places in Russia to have experienced significant prosperity in recent years. Other parts of Russia have endured years of economic decline. Asked if they would deposit money in a foreign bank because they no longer trust Russian banks, 34 percent of those surveyed said they would do so, the poll said. Of those who would use a foreign bank, 63 percent said they would choose a Swiss bank, it said. The poll was conducted at the end of December.

http://www.newsday.com/ap/rnmpfn0f.htm
--
Regarding my note last night that it might be a good time to start buying Russian real estate, well, maybe it's even a better time than I had thought.

Date: Thu Jan 07 1999 13:14
Envy (@longj) ID#219363:
Yep, I remember something like that now, thanks for the correction.

Date: Thu Jan 07 1999 13:11
longj (@envy) ID#30345:
That coin musta been a big one because it is only exempt from sales tax in CA for purchases over $1000.

Date: Thu Jan 07 1999 13:04
Envy (@Aurator) ID#219363:
Aurator, there wasn't a return address on the package you sent. Could you send me an address via tolerant1, I'll get this absolutely beautiful silver eagle out to you immediately.

Date: Thu Jan 07 1999 12:59
Envy (Tax Answer) ID#219363:
Nope. If ABC, Inc. has a yearly profit of 10K$US and they dump it into gold, they still get taxed, and further, they realize a capital gain or loss when it's liquidated at some future time. It's the same as buying a piece of capital equipment except you don't get to depreciate it like, say, a computer or a piece of farm equipment. No easy way around the tax man. One interesting note, when I was in California I purchased a gold coin and they didn't charge a sales tax on it, said that the California folks consider it to be an investment, no sales tax. Not so in Virginia.

Date: Thu Jan 07 1999 12:39
lady_bug (to all) ID#320202:
oooooooooooops, so sorry,
now I know , why it took so long

Date: Thu Jan 07 1999 12:33
Gollum (Gold buoyed) ID#424140:
http://www.marketwatch.newsalert.com/bin/story?StoryId=CnPq_ub8Ztda3mJeYodG5&FQ=v%25reuter&Title=Headlines%20for%3A%20v%25reuter%0A

Date: Thu Jan 07 1999 12:30
Gollum (Goldstake/Homestake) ID#424140:
http://www.marketwatch.newsalert.com/bin/story?StoryId=CnPq_ub8ZtJa3mJy1nZu3&FQ=v%25reuter&Title=Headlines%20for%3A%20v%25reuter%0A

Date: Thu Jan 07 1999 12:30
EB (*en-zed museum*) ID#187109:
-
( before I go AWAY ) .........
----------------

Envy
No silver Eagles have flown to aurator's downunder wink museum. I have some beautiful morgans, and peace
dollars, some NZ silver dollars, even one liberty, no Beagles tho.
-----------------------------

The west wing of the *en-zed winky-dinky museum* is being constructed in California.......using California 'Old Forest' redwoods......and local construction buddies. Special assignment coordinator TeddO is negotiating a contract for 'consulting' on the multi-wink structure. Smoke signals are being sent as we speak........
The strucutre will then be broken down and the pieces shipped across the Tasman......................jest you wait ameego.
cheers
away......bubble shaft waits
Éßgone

go golF

Date: Thu Jan 07 1999 12:29
lady_bug (Preacher) ID#320202:
Copyright © 1998 lady_bug/Kitco Inc. All rights reserved
welcome back, was missing your posts, hope you will keep posting again!
What attracts you to Polymet POM/V , the stock sold off today, after some news release yesterday ! down 0.006 to C$ 1.61 , I find this still a high price , especially in the past ( and still current ) junior mining enviroment, for a non producing mine !! OTH you commented about this stock in oct.06, and it was 1.16 than, so, looks like it was a good call
than !

Thank you
l_b

may I quote you again: ( I believe this was your last post !! )

I haven't told you stock buyers about Polymet Mining ( POM.Vancouver, C$1.15 ) . This is one of the greatest
stories I've ever seen. The deposit sits in Minnesota, found many years ago by U.S. Steel. It is a huge polymetalic
deposit, 808 million tons with low-grade amounts of copper, nickel, silver, gold, platinum, palladium, cobalt, and a
few others.

Metallurgy has always been a problem. We think that is about solved now. The company has assembled a
management team whose talent is rarely encountered in a Vancouver company. Hopefully, it will move to Toronto
soon.

This deposit is larger than the Diamondfields deposit whose stock went to C$140. I kid you not. As it becomes
known that this is a viable deposit, I think the shares should soar. Maybe not to C$140, but who knows.

Look it up and check it out. I think you'll be glad you did.

Date: Thu Jan 07 1999 12:28
lady_bug (Preacher) ID#320202:
Copyright © 1998 lady_bug/Kitco Inc. All rights reserved
welcome back, was missing your posts, hope you will keep posting again!
What attracts you to Polymet POM/V , the stock sold off today, after some news release yesterday ! down 0.006 to C$ 1.61 , I find this still a high price , especially in the past ( and still current ) junior mining enviroment, for a non producing mine !! OTH you commented about this stock in oct.06, and it was 1.16 than, so, looks like it was a good call

Thank you
l_b

may I quote you again: ( I believe this was your last post !! )

I haven't told you stock buyers about Polymet Mining ( POM.Vancouver, C$1.15 ) . This is one of the greatest
stories I've ever seen. The deposit sits in Minnesota, found many years ago by U.S. Steel. It is a huge polymetalic
deposit, 808 million tons with low-grade amounts of copper, nickel, silver, gold, platinum, palladium, cobalt, and a
few others.

Metallurgy has always been a problem. We think that is about solved now. The company has assembled a
management team whose talent is rarely encountered in a Vancouver company. Hopefully, it will move to Toronto
soon.

This deposit is larger than the Diamondfields deposit whose stock went to C$140. I kid you not. As it becomes
known that this is a viable deposit, I think the shares should soar. Maybe not to C$140, but who knows.

Look it up and check it out. I think you'll be glad you did.

Date: Thu Jan 07 1999 12:28
lady_bug (Preacher) ID#320202:
Copyright © 1998 lady_bug/Kitco Inc. All rights reserved
welcome back, was missing your posts, hope you will keep posting again!
What attracts you to Polymet POM/V , the stock sold off today, after some news release yesterday ! down 0.006 to C$ 1.61 , I find this still a high price , especially in the past ( and still current ) junior mining enviroment, for a non producing mine !! OTH you commented about this stock in oct.06, and it was 1.16 than, so, looks like it was a good call

Thank you
l_b

may I quote you again: ( I believe this was your last post !! )

I haven't told you stock buyers about Polymet Mining ( POM.Vancouver, C$1.15 ) . This is one of the greatest
stories I've ever seen. The deposit sits in Minnesota, found many years ago by U.S. Steel. It is a huge polymetalic
deposit, 808 million tons with low-grade amounts of copper, nickel, silver, gold, platinum, palladium, cobalt, and a
few others.

Metallurgy has always been a problem. We think that is about solved now. The company has assembled a
management team whose talent is rarely encountered in a Vancouver company. Hopefully, it will move to Toronto
soon.

This deposit is larger than the Diamondfields deposit whose stock went to C$140. I kid you not. As it becomes
known that this is a viable deposit, I think the shares should soar. Maybe not to C$140, but who knows.

Look it up and check it out. I think you'll be glad you did.

Date: Thu Jan 07 1999 12:24
lady_bug (Preacher) ID#320202:
Copyright © 1998 lady_bug/Kitco Inc. All rights reserved
welcome back, was missing your posts, hope you will keep posting again!
What attracts you to Polymet POM/V , the stock sold off today, after some news release yesterday ! down 0.006 to C$ 1.61 , I find this still a high price , especially in the past ( and still current ) junior mining enviroment, for a non producing mine !! OTH you commented about this stock in oct.06, and it was 1.16 than, so, looks like it was a good call

may I quote you again:

I haven't told you stock buyers about Polymet Mining ( POM.Vancouver, C$1.15 ) . This is one of the greatest
stories I've ever seen. The deposit sits in Minnesota, found many years ago by U.S. Steel. It is a huge polymetalic
deposit, 808 million tons with low-grade amounts of copper, nickel, silver, gold, platinum, palladium, cobalt, and a
few others.

Metallurgy has always been a problem. We think that is about solved now. The company has assembled a
management team whose talent is rarely encountered in a Vancouver company. Hopefully, it will move to Toronto
soon.

This deposit is larger than the Diamondfields deposit whose stock went to C$140. I kid you not. As it becomes
known that this is a viable deposit, I think the shares should soar. Maybe not to C$140, but who knows.

Look it up and check it out. I think you'll be glad you did.

Date: Thu Jan 07 1999 12:06
Envy (Tax Question) ID#219363:
If ABC, Inc. shows a profit of 10K$US for the year which will be taxed at 15 percent, can the company dump the 10K$US into Gold, have it show up as an asset on the balance sheet and avoid paying taxes on it ? I know nothing of such things.

Date: Thu Jan 07 1999 11:47
Cage Rattler (Euroland vs German labour law proposal - source article) ID#33184:
Copyright © 1998 Cage Rattler/Kitco Inc. All rights reserved
Article is in Dutch ( link below - click on dft ( finance section ) )

Article is a renewed objection by the Dutch Dept of Economics to the European Commission. The first law I mentioned has been around since 1996, but was supposed to be retracted in 1999. Germany just recently extended this law until further notice. Several Euro countries have made complaints to the EC. The 2nd law will be voted on on March 18 and if adopted ( which it almost will be ) will be retroactive from 1 Jan 1999.

Source: http://www.telegraaf.nl/krant/vandaag/teksten/voorpagina.html

Date: Thu Jan 07 1999 11:37
Cage Rattler (AMZN up 500% in 3 months to the day) ID#33184:


Date: Thu Jan 07 1999 11:34
Realistic (A year ago today (educational reality check!)) ID#410194:
Copyright © 1998 Realistic/Kitco Inc. All rights reserved

*** Today's review hurts a bit...ouch!


Date: Wed Jan 07 1998 23:21
Eldorado ( @the scene ) ID#173274:
Grains are NOW time to buy!!! Perhaps a 'few' other items too!

Date: Wed Jan 07 1998 17:27
Realistic ( LAST REMINDER! ) ID#410194:
Most commodities have now also reacted to the deflationary analysis, rumors and opinions. In a few weeks at the most, they will slowly start to move up and leave behind the majority of people who will continue to bet on the downside

Date: Wed Jan 07 1998 15:06
cherokee__A ( @------paper-------being-flushed-all-over-the-world----- ) ID#344308:
-the sky has fallen and the bond-bomb detonated.....allaboard....
cherokee!; ) ---driver-of-the-smoke-signal---fatimm------ALLABOARD!

Date: Wed Jan 07 1998 14:52
HepMeMoney_Hmm ( Take Me Out To The Gold Game ) ID#402251
Take me out to the show.
Buy me some Gold shares and coins in a sack,
I don't think we'll ever look back.
So we'll root...root...root...for the Gold team,
And if we don't win whose to blame......
Cause it's one---two---three strikes yer out,
At the Old...Gold...Gaaaaaammmee..........

Date: Wed Jan 07 1998 01:45
scound ( ) ID#223329:
THE BEAR HAS HAD A GREAT SLEEP AND NOW THAT HE IS FEELING THE GOOD WEATHER OF EL NINO HE IS GOING TO BE VERY HUNGRY TO SNATCH UP ANYTHING IN ITS PATH. MARK THE WORDS OF THIS COMMENT AND AS ABSORB AS IT MIGHT SOUND LOOK FOR THE DOW TO HIT 5800-6200 range this year a world wide pandemic is approaching and it has gobbled up asia and it is heading to NORTH AMERICA







Date: Thu Jan 07 1999 11:33
kapex (Be careful) ID#275170:
http://markets.tradingtech.com/Financials/SP/SPDaily/SPD/SPD_0.html

Date: Thu Jan 07 1999 11:21
Cage Rattler (@ALBERICH - source to follow soon ...) ID#33184:
re German labour law

Date: Thu Jan 07 1999 11:17
Cage Rattler (China gold consumption, 3rd largest in world) ID#33184:
Copyright © 1998 Cage Rattler/Kitco Inc. All rights reserved
CHINA, January 06, AsiaPort -- Information from the Department of Gold Administration of the State Economic and Trade Commission showed that China had become the 3rd largest country in gold consumption in the world, while the 5th in production. Under such circumstances, it has become an inexorable choice for Chinese gold industry to change ideas, break monopoly and open to the outside world. It is known that the average annual increase rate of Chinese gold industry exceeds 10 percent during the past 12 years. China's gold consumption in 1997 reached 340 tons, closely after USA and India.


Date: Thu Jan 07 1999 11:07
panda (Oils moving, gold has budged some...) ID#50148:
Now the question is, will oil continue to move up? Even Abby Cohen is feeling a little uncomfortable with stocks and announced a 'reduction' from 72% to 70%. Hmmmm.

Date: Thu Jan 07 1999 11:03
Miro (@Trader_vic on e-mailing senators) ID#347457:
Go to
http://www.capweb.net/classic/Index.morph?pagename=senalpha

it has all info you need

Date: Thu Jan 07 1999 10:47
FOX-MAN (BTW, Welcome back D.A.! To tie in with what you said, can we) ID#288186:
assume that further UPWARD pressure will be applied to the PM's if
the T-Bond continues to plummet in price? I still believe that interest
rates are headed back UP. As you have said, current inflation DOES
exist. It's in the Stock Market!!!

Date: Thu Jan 07 1999 10:26
ALBERICH (@Cage Rattler: Your 8:57 about Euroland) ID#254112:
Copyright © 1998 ALBERICH/Kitco Inc. All rights reserved
I cannot believe what you are reporting, because both of the planned laws which you briefly describe would be in sharp contradiction to the EU rules for a common market.
But these laws would work if contracts with non-EU companies would be penalized and the hiring of workers from non-EU countries.
I even think such laws protecting only German workers or German companies could easily lead to a EU internal economic warfare which would guarantee much more chaos than any government could afford to create. I can't believe that these new guys would get away with such type of laws.
Could you please clarify or point to some source for your information?
Thanks in advance.

Date: Thu Jan 07 1999 10:22
trader_vic (e-MAIL SENATORS) ID#369352:
Anybody know how I can e-mail senators from NJ and NC? I want to be part of the polled citizens that think President Clinton is a lying SOB!

Date: Thu Jan 07 1999 10:22
Cage Rattler () ID#33184:
Just heard perennial bull Abbey Joseph Cohen has cut her stock allocations from 72% to 70%. Moving to bonds.

Date: Thu Jan 07 1999 10:18
hamlet (EMF or not EMF that is NOT the Question, HEP ME MONEY, even if you kill your monitor you cannot esca) ID#390259:
Copyright © 1998 hamlet/Kitco Inc. All rights reserved
pe them. They are everywhere, from Powerlines to Handy Towers, from Satellites to Hairdryers. And you don`t want to miss them since electricity and electronics do the work for you. But what you can do now is avoid their health hazards.

So I repeat my New Years offer for every Kitcoite: mail to rki@export-control with subject Kitco-EMF and you will receive a device free of charge that will eliminate bad EMF effects from your monitor.

Good Health and Wealth to All of Us,

hmlet ( I know why Mike Sheller chose the Why took A: he does not have it in his name )

Date: Thu Jan 07 1999 10:16
tolerant1 (gagnrad, Namaste' gulp and a puff to ya...whose history do most Americans know?) ID#20359:
http://search.washingtonpost.com/wp-srv/WPlate/1999-01/01/044l-010199-idx.html

Date: Thu Jan 07 1999 10:14
trader_vic (Gollum - Short Selling) ID#369352:
I'm with you!! Sell the Sh*t out of those b#st#rds!!! Man the ores, full steam #head!! All that gilters in '99 is only gold! The party is over for the Dow and I'm going to be the one leading the parade!!!!!

Date: Thu Jan 07 1999 10:12
tolerant1 (Clintler and the UN - both are UN-American...throw out the traitor and kick out the UN...) ID#20359:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved
The implementation of global governance

-------------------------------------------------------------------------

© 1999 WorldNetDaily.com


Executive Order 13107, which, barring a congressional override this week will become the law of the land, is a perfect example of how global governance is overtaking self-governance in the United States.

Despite the rejection by the U.S. Senate of the Convention on the Rights of the Child, and the refusal of the Senate to even consider many of the other 81 U.N. Human Rights Treaties, the president has laid the foundation through this EO to implement the objectives of those treaties. The will of the U.N. is being implemented voluntarily by the Clinton/Gore administration. The process was not initiated by this administration; George Bush, with his Environmental Protection Agency Administrator William K. Reilly, was eager to usher in the New World Order.

Nor is the process limited to Human Rights Treaties. This administration is actively implementing the unratified Convention on Biological Diversity, the Kyoto Protocol to the Framework Convention on Climate Change, and the policies of Agenda 21. With the implementation of each of these UN policies, another piece of America's national sovereignty is eroded.

Defenders of these policies say so what, these are good policies that should be implemented. Not all Americans agree, and therein lies the great danger to America. The U.S. Constitution provides a mechanism for grinding the differences of opinion out of public policy through public debate, and questions are resolved by the public, accountable votes of elected officials. When public policies are adopted by elected officials which differ from the will of the people, the people can change their elected officials and thereby change the public policy. When public policies originate in Geneva, Rio de Janeiro, or Kyoto, and are implemented by executive order and administrative decree, those who dissent, or who may have a better idea, are silenced. Policies are imposed upon the people who neither give their consent, nor have recourse to change those policies.

The process is bad enough, in that it bypasses the fundamental process prescribed by the U.S. Constitution. But even worse is the underlying philosophy of governance upon which U.N. policies are based. Consent of the governed is the empowering principle of American government; control of the governed is the empowering principle of global governance.

The Kyoto Protocol exemplifies this principle: to achieve its objective, the UN document would allow the UN to control the use of energy in rich nations in order to force industry to move to poor nations that have no controls on energy use. The International Covenant on Civil and Political Rights seeks to create the conditions to grant freedom from want to those who want. The only way to achieve that result is to take from those who have, and give to those who have not. Control of people is the essential ingredient in the implementation of virtually all U.N. policies because the underlying philosophy demands it.

By contrast, the philosophy that underlies the U.S. Constitution is the belief that people who are free to pursue their own survival and prosperity will create the interpersonal and business relationships necessary to achieve their own objectives. In 200 years, this philosophy has demonstrated its validity by producing national prosperity unmatched by nations that have existed for thousands of years.

Proponents of global governance deny a desire to control people. In fact, they claim their objective is to ensure a greater degree of freedom and prosperity to those who are now denied even basic freedoms and live in crushing poverty. That, they say, is the purpose, hope, and objective of the 81 Human Rights Treaties. What they fail to recognize, or admit, is the fact that neither freedom, nor prosperity, is a commodity that any government can give; they can only be limited, restricted, or denied by government. Any attempt by any government to expand either the freedom or prosperity of some, necessarily requires that the freedom and prosperity of others be limited, restricted, or denied.

The American experiment in self governance is just over 200 years old. It has been incredibly successful -- so far -- a beacon of hope to the world. The only hope of the developing world to escape the cycle of impoverished servitude is to follow America's example of casting off governmental constraints and allowing free people to use the resources provided by their creator to pursue their own survival and prosperity.

Executive Order 13107 diminishes the candlepower of America's beacon of hope. What's worse, it allows the United Nations a larger measure of control over the beacon. If the trend continues, even for another few years, the United Nations will extinguish the light altogether, and America will be stripped of its wealth in order to achieve equity in the new sustainable millennium, by those who think they know how everyone ought to behave.

Henry Lamb is executive vice president of the Environmental Conservation Organization and chairman of Sovereignty International.

Date: Thu Jan 07 1999 10:08
TYoung (Gollum...) ID#317193:
If I had the power to concede at this point I would do such. I have been waiting for the contract that blows up in the face of the shorts. Been wrong since about last May.

AG...the CB's stand ready to lease gold to control the price...price can be controlled down or UP. We watch this old gold market together.

We watch and wait for the new gold market.

Tom

Date: Thu Jan 07 1999 10:06
APH (Crystal Ball) ID#255226:
I hope we're right on this one. Arch Crawford thinks there is going to be big downs on the 8th and 9th ( or Monday ) .

Date: Thu Jan 07 1999 10:05
Gollum (Attention K-Mart shoppers) ID#424140:
Somebody got tired of waitng for Hecla to move and sold a big block, which pushed the price down to bargain levels...for the moment.

Date: Thu Jan 07 1999 10:04
tolerant1 (The mood is a changin...I think we should sue the lawyers for high insurance and manufacturing costs) ID#20359:
http://cnn.com/US/9901/06/gun.trial/index.html

Should gun manufacturers be held liable for gun violence?

Yes 8% 917 votes

No 89% 10842 votes

Sometimes 4% 452 votes Total: 12211 votes

Date: Thu Jan 07 1999 09:56
Gollum (@TYoung ) ID#424140:
I'll take your bet. Not only will it be up, but it will be up enough at expiry that the short positions will be in REAL trouble.

Which means more fire in the hole, and maybe a little brimstone too.

Date: Thu Jan 07 1999 09:53
Digger (y2k - There's Something About Gary) ID#269469:
Copyright © 1998 Digger/Kitco Inc. All rights reserved

Nice article in Wired magizine about Gary North at
http://www.wired.com/news/news/culture/story/17193.html

---snip---

In 1980, he forecast rationing of housing
and a nuclear war with the Soviet Union.
He warned his followers to buy gold,
silver, a safe place outside the major
cities.

Then AIDS became the threat: In 1992,
we will run out of available hospital
beds.... The world will eventually panic,
he wrote in 1987.

Now North has found Y2K and a skittish
audience receptive to predictions of
doom.

A recent advertisement for his Remnant
Review newsletter proclaims: A bank run
like no other will bankrupt banks all over
the world in 1999.


Date: Thu Jan 07 1999 09:45
FOX-MAN (One other note: I mentioned yesterday about seeing the premium) ID#288186:
jump to 51 for Jun'99 310strike Gold calls. They HAVE been getting
more volatile lately. The premium has been floating around 24 to 28
area. It last traded this morning at 33. Of course, this makes sense
when Gold futures themselves have increased the last couple of days...

Date: Thu Jan 07 1999 09:45
Gollum (@esotericist ) ID#424140:
It's too late for levers, man. The Phoenix is being birthed even as you read this. We're in the groove. Now we follow the Great Legend whether we want to or not. The levers are gone.

Date: Thu Jan 07 1999 09:30
FOX-MAN (Observations: The dollar is continuing its decline again today.) ID#288186:
This will more than likely cause T-bonds to resume their decline as well.
According to EWT short term update, we're in a wave 5 decline that should
carry below the 124 price area...

Gold and the other PM's continue to be pressured on the UP side. It's
getting more and more interesting folks! Hotdog!

Date: Thu Jan 07 1999 09:16
esotericist (I'm b#ck #nd m#d #s hell - Mr. Sheller, Gollum et #l) ID#224230:
Take # short holid#y and look wh#t h#ppens to the POG ? Wh#t about those levers Mr. Gollum ? Polish them off and start y#nking there. #nd wh#t ever h#ppened to those st#rs Mr. Sheller ? L#st time I looked there were #ll still up there ? Re#rr#nge them to do the job immedi#tely.

Could we #ll le#ve Whytook#y #lone for # while, close our collective eyes #nd concentr#te on firstly pushing silver up. Gold will then t#ke c#re of itself IMNSHO. #lltogethernow. Mmmmmmmmmmmm

Date: Thu Jan 07 1999 09:14
Chrisophilos (Oh, for haven's sake) ID#277302:
American bonds are?/were a safe haven,
GOLD was, is and will always be a safe heaven.

Date: Thu Jan 07 1999 09:09
Preacher (Don't Look Now....) ID#227290:
Copyright © 1998 Preacher/Kitco Inc. All rights reserved
but I think yesterday's open in the NASDAQ qualifies as an exhaustion gap. If so, it's over. sell while you have a chance.

Why was IBM down for the day yesterday?

The Transports have still not made a new high; so the Dow Theory Bear Market Signal from last August is still in force.

CRB made a breakaway gap on Monday. Metals have now rallied up to their 200-day MAs. Things are getting very interesting.

Maybe in a few days we'll be talking about new long-term trends.

Buy Polymet Mining ( POM.V, C$1.67 ) . You'll be glad you did.

Thank you,

The Preacher

Date: Thu Jan 07 1999 09:07
TYoung (Gold...option expiry...) ID#317193:
Friday, January 8 the February options expire...anyone want to bet on gold going down instead of up? My vote is down, at least for this week.

Tom

Date: Thu Jan 07 1999 09:07
Crystal Ball (@ APH) ID#340392:
looks like you bought OEYMD about the same time I bought OEYMF

Date: Thu Jan 07 1999 09:02
Crystal Ball (BOOOO SPOOOO) ID#340392:
Spoos on their ass, down 1170 now. I caught a falling knife yesterday when I bought those Jan OEX 630 puts with the Dow up 170 mid-day, but today could be a different story !!!

Date: Thu Jan 07 1999 08:57
Cage Rattler (Euroland - thin edge of the wedge ?) ID#33184:
In the spirit of an unified Europe, a single currency and economic advancement, Germany is starting to pass several laws protecting the local business.

1.ArbeitnehmerEntsendeGesetz- Foreign companies must pay 14% premium on income taxes for non-german workers.

2.Steuerreform - German companies that hire non-German firms must pre-pay 25% of the total contract sum to tax authorities ( expected to go up to 50% ) as an pre-payment for income taxes.

Looks like somebody is staking out bounderies.

Date: Thu Jan 07 1999 08:56
goldfevr (Gold is going up, now.//To Mike Sheller (08:23) & All) ID#434108:
Gold is no longer languishing...nor can it any longer be contained.

It is at:

IGNITION STAGE, & LIFT-OFF begins now.

And so it is,
a-men.

Happy New Year,
David Blair Macrory

Date: Thu Jan 07 1999 08:52
APH (Trading) ID#255226:
If the March SnP opens under 1263 it would be very negative and lead to a sizeable decline over the next few days. If it opens near 1265 or higher its just pulled back to previous resistance and most likely will reverse and move back up again. Bought the Jan 620 puts at 5 yesterday.

Date: Thu Jan 07 1999 08:29
Crystal Ball (@ Mike Sheller) ID#287410:
Tht ws msterful nd musing, good sir! Why took eh indeed !

Date: Thu Jan 07 1999 08:24
Gollum (Short targets) ID#424140:
Forget about Amazon and all those internet things. I want a list of all the firms that were bears on gold and leased and shorted it down so unmercifully. Firms like ML ( Ted Arnold ) and such.

When the market turns they are the ones I will have at the head of my list of things to sell short.

Date: Thu Jan 07 1999 08:23
Mike Sheller (NEW CRISIS LOOMING...) ID#348257:
Copyright © 1998 Mike Sheller/Kitco Inc. All rights reserved
By now it is apparent to even the casual Kitcoite that a veiled shadow government actually rules this planet. They probably hide behind such front philosophies as The New World Order and such, but a look at the state of our financial markets discloses that they have been entrenched and effectively extending their control over every aspect of our lives for some time now.

A case in point is the superb control they are exercising over the stock market and, at the very same time, the price of gold. By their cunning and sagacious activities they have engineered a condition whereby the U.S. stock market climbs upward with barely an interruption, while the price of gold languishes at a depressed and contained level. Of course, like everything, even this wonderful and perpetual prosperity for share investors has its problems. And don't think these puppetmasters aren't aware of that. The danger is boredom. And lack of crisis. For even though the Dow may be on a march to 120,000 by the turn of the century, those who run the world are very much aware that a crisis now and then is an important stimulant to the turnover of money and assets and an important psychological prop to keep investors from getting complacent and uninvolved. After all, you can't control someone who is not playing the game.

Sure, 30% gains each and every year are fine and dandy for most folks who don't know a donut from a debenture, but how long will they keep their edge trading up the the next luxury utility vehicle with even more cupholders and a higher pricetag? It gets boring. So an occasional managed crisis, created specifically for the society at large, is in order. In their gilded boardrooms during clandestine meetings, our masters noted how the mere deletion of two zeros ( a double nothing! ) in computer code has led to humanity being on the verge of a perceived panic and civilizational disruption of herculean proportions. Taking their lead from Y2K, these insidious controllers of our fate have come up with something even more disruptive, more evil than the mere Millenium Bug so many of us are worried about.

With the complicity of their running dogs of global industry, they have engineered a ticking time bomb in all of our word processing programs since the introduction of Windows 95.

It is the WHY TOOK A ? problem. And it is BIG!

Imagine, for a moment, a world in which ALL the letter A's suddenly disappear. Wiped off countless computer screens and harddrives in an instant, at the tolling of a certain hour on a certain day. Gone forever, or, at least, until these pernicious masters of the universe deem it appropriate for A's return. And return under what terms?

There is no question, under such a scenario, that panic, or certainly pnic, would take hold. Never mind the proper education of our young, imagine how this would affect investments!
How could you sell your AT&T? Or your Amazon.com? It would be impossible to short Soy Bns, difficult to find a chart of the Dow Industrils, and pointless to trade Len Hogs. But Gold, retaining the integrity of its name, would be among those investment vehicles unaffected. The price would skyrocket when investors found that it was possible to buy and sell it esily, and get a quote nytime.

Naturally, this entire situation would pose a problem for pronounciation, and eventually, if not solved soon enough, could affect the speech and language of generations to come. Probably a welcome side effect that our overlords will use to full advantage in their plans for world domination.

In any event, the ramifications of this looming crisis will surely be explored ad infinitum on the internet, and eventually the society at large will be aware of it. How does one prepare for WHY TOOK A? ( which is what people will be saying when the precious vowel is snatched from their free and voluntary possession ) ? These questions will doubtless be explored at Kitco long before others can imagine what awaits them.

I am only happy to be able to break this story first, and here. Just remember, time is running out. I hope I have contributed in some way to the warning of humnity.

Date: Thu Jan 07 1999 08:09
CPO@AU (sterling Rate cut by .25%) ID#329186:
Sharefin g'day

and there was me thinking they wanted to keep joe public in the dark

keep safe
cpo

Date: Thu Jan 07 1999 08:04
Cage Rattler (90-day debt moratorium declared by Brazilian state) ID#33184:
SAO PAULO ( AFX ) - The 90-day debt moratorium declared yesterday by the southeastern state of Minas Gerais covers all the state government's financial obligations, said governor Itamar Franco.

The total sum involved, including debt to the federal government, is 18.5 bln reals, state government officials said.

Franco said his administration is in a state of financial chaos, adding that he does not fear ( fiscal ) reprisals from central government.

News of the moratorium depressed bond markets in Brazil and abroad, traders said.

Date: Thu Jan 07 1999 08:04
Gollum (First the Falcon....then the Phoenix) ID#424140:
Where did I put that Great Legend book? I had it around here somewhere before the holidays. I seem to recall something about... Oh. I guess I'll just have to go look for it.

Date: Thu Jan 07 1999 07:57
MoReGoLd (@Reversal or ANOTHER Sucker Rally ?) ID#348129:
Gold up 2.40
Silver up .16

Date: Thu Jan 07 1999 07:56
John Disney (Rangold ..) ID#24135:
cage rattler ..
dont get excited .. best real offer is 10,000
at 2.7 .. I just bid for 10,000 at 2.55
to try to get it .. dry volume .. and what
looks like a false market .. NY
equivalent close was 2.95 .. this is
probably kebbles monkeying with market
to shake everybody out so they can buy more
cheap .. Mali results will come in within
a few weeks I think .. they cant be that
bad.

Date: Thu Jan 07 1999 07:49
sharefin (Who's standing in it?) ID#284255:
http://www.fema.gov/nwz99/99001.htm

Date: Thu Jan 07 1999 07:40
John Disney (lemme sleep on it .. ) ID#24135:
salty salty ..
and thanks for the kind criket words ..

Date: Thu Jan 07 1999 07:37
John Disney ($1.5 trillion is a lot of money) ID#24135:
for rhody ..
sounds like they have some kind of a
problem there ..

Date: Thu Jan 07 1999 07:09
Cage Rattler (Rangold on JSE just keeps falling - now R2.50) ID#33184:


Date: Thu Jan 07 1999 06:46
aurator (Vive La Revoluçion........) ID#257148:
Copyright © 1998 aurator/Kitco Inc. All rights reserved
crusty
Point taken. Prof Vronsky has assembled a fine site for questing goldbugs. 2 out of 3 ain't bad {to quote Meatloaf} and, there is a lot of open prairie at home on the Internet Range, ( Rangy ) big enough for all the fauna.

D'accord. The Jacquerie will search elsewhere, for now.
BTW Did ya see Madame Lefarge down by the guillotine knittin merkins for the balding New World Masses? She's looking for volunteers. She said something about a Year 2000 Project: Merkins for the Merkans. She isn't seeking any tax dollars either. Damn fine cricket team from Rainbow Nation, and Rugby. You's guys are doing SOMETHING RIGHT.


Fred@Vienna
Only just awake. Back@you. A late 20thC Roman Coin?


nytol©Teddo

Date: Thu Jan 07 1999 06:41
Greenstone Gold (Do you ever get that feeling.......) ID#428218:

...the Shorts are running out of momentum.....

http://tfc-charts.w2d.com/zdisplay.phtml?cbase=GD&cterm=w

Haggis

Date: Thu Jan 07 1999 06:30
Speed (Hi Yo Silver!) ID#29048:
March silver just popped through 5.31 and then backed up to 5.28.
I hope that dawg of a stock SSC will wake up and move from under the porch.

Date: Thu Jan 07 1999 06:28
rhody (@ John Disney: Triple the gold price? Sounds like a) ID#411440:
winning strategy to me. And they could use the tripled gold to
pay off THIS YEARS CURRENT ACCOUNT DEFICIT. But what about last year's,
and the year's before that......... Last time I looked, the accumulated
current accounts over the past 50 years total $1.5 trillion. Am I
incorrect here?

Date: Thu Jan 07 1999 06:28
John Disney (touting RSA..) ID#24135:
for salty ..
before we cr@p too freely on brother
vronsky .. as I recall .. he suggested
3 RSA stocks harmony .. dbn deeps ..
and the dreaded rangy ..
harmony was about 2$ end of last year and
is better than 4 1/2 now .. deeps did almost
as well .. only rangy dragged in the dust ..
because of the Mali project ( which if you
checked postings is what I said I thought
would happen ) .. I think it could begin to
perform now if this quarters Mali results
are okay ..

Date: Thu Jan 07 1999 06:22
Greenstone Gold (This Week in Platinium........) ID#428218:


http://www.platinumguild.org/thisweek.htm

************

And remember.... act young, wild and care free - invest in GOLD !

Och aye the nooooooooooo......

Haggis


Date: Thu Jan 07 1999 06:22
Hedgehog (¿? I continue to learn.....?) ID#39857:
Copyright © 1998 Hedgehog/Kitco Inc. All rights reserved
Another existing explanation, which we call the money
rents explanation, is that debasements allow debtors to re-duce
the real value of their debts legally, even if coins are
valued by weight for most other transactions. This expla-nation
is proposed by Miskimin ( 1963, p. 44 ) as an alter-native
to the assumption of circulation by tale.20 As long
as the mint price for new coins is higher than the mint
equivalent for old coins, a holder of old coins receives
more units of account by converting old coins into new
coins. When contracts are denominated in units of account
and when creditors have to accept any coin at its face val-ue
in payment, debasements offer debtors the means to re-duce
the real value of any such debt. This opportunity ex-
ists no matter how the coins are traded in other transac-tions.
There is an immediate logical difficulty with this expla-nation.
Although it suggests an incentive for bringing coins
to the mint, it does not rule out stronger incentives not to
bring coins to the mint. In fact, following a debasement,
debtors and creditors could get together and renegotiate
the debt contract. Once a debasement has occurred, nomi-nal
creditors face the prospect of real losses if debtors pay
their obligations in the new, lighter coins. But the debtors,
to obtain the new, lighter coins, have to pay a large tax to
the sovereign. Thus, creditors can reduce their loss and
debtors can increase their gain by bypassing the mint al-together
and renegotiating between themselves the real
amount of the debt.21
A variant of the money rents explanation, which is
suggested by Adolphe Landry ( 1910 ) and Michael Bordo
( 1986 ) , among others, is based on sluggish price adjust-ment.
( See also Miskimin 1963. ) After a debasement, peo-ple
brought in old coins for reminting to obtain increased
purchasing power, because prices did not adjust instanta-neously
after the debasement occurred.
This explanation is not supported by empirical evi-dence.
The study of wheat prices by Miskimin ( 1963 )
shows that changes in mint equivalents were reflected in
these prices.
available as a .pdf......... just hollar

Date: Thu Jan 07 1999 06:20
rhody (LEASE RATES: There was a rise in lease rates evenly) ID#411440:
right across the board from 1 month to 1 year. Rates are still
low, but this is a bullish pattern. If lease rates rose at
just the one month end, I would say that there was going to be
an attempt to short silver back down. What we are seeing is
defense repositioning by speculative shorts. IMHO

Date: Thu Jan 07 1999 06:18
Fred(@Vienna) () ID#344235:
aurator? You still up?
Nice to see ya, mate
Check email

Date: Thu Jan 07 1999 06:17
HepMeMoney_Hmm (Sorry Au) ID#404124:

I meant tarry ...

Adieu Adieu Adieu

WAIT!!...Hold on thar ....

What was the Question?.......I'm not bilateral.......come back....

Date: Thu Jan 07 1999 06:16
John Disney (balancing with gold) ID#24135:
for rhody ..
yes .. current account is better ..
short by 160 billion .. balancing with
gold is EASY if you triple the price ..

Date: Thu Jan 07 1999 06:11
aurator (Spinning, Spinning, Spinning. To the magic land.........) ID#257148:
Any one else notice that Bart's server has changed times?

Down here at the smelly feet of the word {does your nose run, and your feet smell? You're built up-side-dwon} I used to be 11/12 minutes ahead of the kitco hour. Now I am only 4 minutes ahead. Is the world speeding up? Are we getting ready to dock with the Sun Dancer? Noone told me.

I don't really know where we are,
They tell me we're circling a star.
Well, I'll take their word, I don't know,
I'm dizzy, so maybe that's so.
Jackson Brown

Date: Thu Jan 07 1999 06:09
ravenfire (debt defaults in Brazil) ID#365190:
Copyright © 1998 ravenfire/Kitco Inc. All rights reserved
http://www.yahoo.co.uk/headlines/19990107/financial/0915702345-0000031928.html

Minas Gerais governor Itamar Franco, himself a former Brazilian president, said he ordered the payments to be halted for absolute lack of money in the central Brazilian state, the country's third largest in economic terms.


---

finally back after one LONG week away. hmm. looks like you guys haven't been watching those levers closely enough. what have you got to say for yourselves?

Date: Thu Jan 07 1999 06:07
rhody (@ John Disney: re. yen wants to be a reserve currency:) ID#411440:
Copyright © 1998 rhody/Kitco Inc. All rights reserved
You are not mistaken. A 200 billion dollar trade deficit can
be settled by a transfer of just about 20000 tons of gold. The
problem is, the United States doesn't have 20 000 tons, it has
only 8000 tons ( less leased gold ) . It couldn't use its gold
reserves to settle accounts without a permitting act of Congress,
and it would be crazy to do so if the world continues to accept
their paper dollars. In any case, the 160 billion ( last count )
is only part of the picture. What is the current account
of the United States? If the trade deficit is 200 billion but
the money comming in in the form of royalty payments, interest
of loans, dividends on the investments of American corporations
abroad, and tourist dollars spent in the States is equal to the
200 billion, then there is no problem. ( Of course, I doubt that
thses sorts of inflows even come close to 200 billion, so there
is a problem, and the US has been getting out of it just by printing
money. )

I am going to mull over your post about lease rates, and
respond tonight. Thanx.

Date: Thu Jan 07 1999 06:04
aurator (in Monetas Veritas) ID#257148:
Hep me money
can I call you money?
without further Adeu?
Qu'est ce que c'est… Adeu?


Date: Thu Jan 07 1999 05:48
HepMeMoney_Hmm (Hamlet--To EMF Or Not To EMF--That Is The Question) ID#404124:
Yes?

Aurator?.........................Sarry...I don't type much these days..........what was the question?

Date: Thu Jan 07 1999 05:46
aurator (listen with mother {for the Brits}) ID#257148:
these past 4 posts brought to you courtesy of Gabby-R-Us™ lingual laxatives.

See your doctor for a prescription.

Date: Thu Jan 07 1999 05:44
aurator (Kai) ID#257148:
Rj
When you come down under, we gotta organise you a hangi.

Eh lefty?


kai {pr k'eye}= food

Date: Thu Jan 07 1999 05:39
aurator (¿Que?) ID#257148:
Hep Me Money
without further WHAT?

Date: Thu Jan 07 1999 05:37
aurator (Epigrams for these times................) ID#257148:
Copyright © 1998 aurator/Kitco Inc. All rights reserved
Chasabar
are you suggesting that Herr Vronski, chez Gold Beagle is, how you say? Cooking ze books on the number of hits? For revenoo porpoises? Non! It is not possible.....Herr Professor Vronskis would not lie. Never.

Maybe, say, everytime you call up a page he says is a hit? You go to the Beagle, go to an article, back to te home page.. voyla voyla. 3 hits....

Well, in Ewe Zealand, we'd say that's misleading advertising. In other words, Monsieur Vronsky of the split infinitive and failed SA share tout eez doing a porky. A porky pie. Can anyone get the cockney rhyming slang? A pork pie?

Not possible. Online gold pages are truth, where all else is lie, you say? Jest check the numbers dossing down chez Vronski.


How much to advertise my chateau in the swamplands of Scotland?

Haw haw.

Mugs R someone

Statistics are the most meretricious facts.


Meet en's half cousin, epi......gram



Date: Thu Jan 07 1999 05:35
HepMeMoney_Hmm (And Without Further Adeu) ID#404124:
Copyright © 1998 HepMeMoney_Hmm/Kitco Inc. All rights reserved
We turn to the precious metals market............

Precious metals will continue to stagnate this week and early next due to the absence of European conviction and abililty or desire to release information the market awaits.We see a sharp market correction on the horizon very soon that may encourage ECU members when meeting tomarrow to make certain exactly what the

new currency consists of,but the timetable appears without compromise and market watchers should consider a neutral position till the actual excrement hits the rotating blades...

George Bush -- Director-- Barrick Gold


Date: Thu Jan 07 1999 05:33
hamlet (Cable Modem,Web Health, RJ & All) ID#390259:
Copyright © 1998 hamlet/Kitco Inc. All rights reserved
RJ I use a 33k Modem and sometimes have download speed ( not from cache ) in excess of 10kB/s. Sometimes when I try to get wise from Kitco I have speed of only 75 bytes/s or no speed at all. NOW THIS IS WHERE WE WILL SPEND OUR TIME: watching the monitor for more and mor hours:

Are You aware of the health hazards? Swedish studies show that your adrenalin ratio rises without a chance of reverse when you watch the monitor in excess of 4 hours per day, because of the pulsed ELF EMF ( ExtraLowFrequency ElectroMagneticField )

Now I have come across a Zero Point Energy Technology and have started marketing devices which eliminate hazardous EMF effects ( from Handys, Monitors, Quartz Watches, etc, even from cars, Power Lines and Microwave Ovens ) Similar ( but less effective ) devices cost from 40$ to 300$.

Since I have learned so much from Kitco without being able to give adequate return here is my offer to all Kitcoites who want to increase their health or simply want to test the latest from Subquantum Physics:

Mail to rki@export-control.com,
type subject: kitco-EMF

and you will receive more info and your Monitor-EMF protection free of charge. Happy New Year to all of you!

hamlet

Date: Thu Jan 07 1999 05:08
jims (Yen continues rally pressing in on 110) ID#252391:
Gold and silver back on the plus side. S&P on Globex holding to just 300 point loss. Dollar weaker across the board with the exception of the Pound. Should hear that this action is good for US Multinationals' earnings - there you are positive earnings surprises

Dow 10,000 before GOLD 315

Date: Thu Jan 07 1999 05:06
HepMeMoney_Hmm (Hedger--I Love You Man---RJ--I Like It.) ID#404124:
Copyright © 1998 HepMeMoney_Hmm/Kitco Inc. All rights reserved
Happy New Year!

BEAUTY is in the eye of the beholder. This applies as much to economic figures as to

the human kind. Whether an economic development is “good news” or “bad news” may

depend on circumstances, or on who you are—something most scribblers tend to ignore.

In the second article in our occasional series, ( Economist ) we consider some of the emotive words that

are misleadingly used to describe economic numbers.

Headlines that include the word “gloom” are more likely to make the front page, so

writers are tempted to give their stories a grim spin. Thus, a fall in oil prices might trigger

the headline: “Oil-price gloom”. Lower prices are indeed bad news for producers—but

they are good news for consumers. Or consider interest rates. Pundits always pronounce

a rise in interest rates as “bad”. Yet for every borrower there is a saver, who gains from

higher rates. It is true that higher interest rates may force firms to cut investment and

jobs. But in many countries the personal sector has more assets than debts at variable

interest rates, so it is a net winner when rates rise.

Trade balances are a rich source of over-emotional language used by economic writers.

When a country’s trade deficit shrinks it is always said to “improve”; if a surplus

disappears it has “deteriorated”. The presumption is: surplus good, deficit bad. But a

country’s trade balance is a poor gauge of economic strength. Since Japan’s widening

trade surplus reflects the depressed state of its economy, it is hardly good news.

Likewise, the recent shift in Asia’s emerging economies from deficit to surplus: if these

surpluses shrink next year as demand picks up, that will be good news, not bad.

Commentators should note that trade deficits may increase or decrease—they can never

“improve”.

Finally, here is a reader’s nomination for the best “financial babble”—the previous

subject in this series. This gem comes from the Independent, a British newspaper:

“Concerns that the economic outlook might not be as gloomy as feared hit interest rate

hopes and sent financial markets lower yesterday. . . ”


Date: Thu Jan 07 1999 05:01
Hedgehog (Oh yeh and Hep my man.....if you dont shudup ) ID#39857:
you will be on that spit with the pig in ya mouth.....
just foolin...........ommmmmmmmmmmmmm

Date: Thu Jan 07 1999 04:56
Hedgehog (RJ....your eating habits pleaseeeeeeee....) ID#39857:
you sacrifice a mango on a pig ......... oh my ..........
my stomach shudders....no doubt the mango made the meal.

Date: Thu Jan 07 1999 04:50
RJ (..... This is what happens when one does not get much sleep lately .....) ID#22849:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

In the best tradition

Of the scientific method, I tried the download again. Flushed the cache first to be sure the file would not arise from my hard drive, and downloaded the whole 11.5 MB again.

2 minutes, no seconds…

The status bar never showed lower than 70K per second.

In not too much longer, this accomplishment may rank
Right up there with the vaunted 3 minute microwave potato
Well all hear so much about - and probably all eat unawares

What WILL we DO with all this extra time?

I like me spuds the old way, cooked in a roasting pit, with a tender suckling pig or three ( glazed with honey and mango ) , under layers of smoldering leaves and hot stones; and insulating Earth throwing her protective blanket of warmth over the feast. Theys right tasty that way.

And rise to shout and sing and herald shall we; for it is WE who foresee what must happen to the world as it stands… and it is WE who will all be right - if only given a long enough period of time in which to measure right…. and it is WE who will eat those pigs and taters and swill our Victory Ale and behave like banshees throughout the night and into most of the next day before collapsing in an exhausted slump resembling, in an uncanny and quite scary way, a gaggle of poor piggies slumped over a pile of roasted ( but tasty ) potatoes, and it will be WE who will be struck by mysterious and playful irony in our own lives, seeing finally and at last, that we bleed for what we covet, and ending up slumped over taters and pigs is where we always end up if ever we believe too much, our own press.

But to hell with that convoluted last sentence
A good time will be had by all here this year
And well deserved security for selves and families
Will be formed over these next few months

So we raise our mugs in toast, and smash them together in a group
Until the mugs all break and sends God's Own Good Ale spewing and foaming about
Like some introductory new atmosphere that seems a bit on the thick side yet, yes?
May thin out a in a bit, you say? Right. I'll tough it out there ole bean…..
And proud words will be tossed hither and all will stand to the merriment.

It called a Paaaaaaaaaartaaaay. Get one of those steel drum bands and pay 'em off in Ganja. Gimmie that stick there Rasta Brother Mon…. Show me how you make those sounds, bro. The Limbo bar will be lowered to dangerous levels and much fine and exotics rums will coat and caress our ice cubes…….

Let me dream on a bit, no?
Lots-o-fun with nary a snag but one
The pigs don't like it much.

Sigh

Date: Thu Jan 07 1999 04:45
HepMeMoney_Hmm (I Am Dow Jones) ID#404124:
Copyright © 1998 HepMeMoney_Hmm/Kitco Inc. All rights reserved

Reddy Helen

I Am The Dow

I am DOW, hear me roar

In numbers too big to ignore

And I know too much to go back an' pretend

'cause I've heard it all before

And I've been down there on the floor

No one's ever gonna keep me down again

CHORUS

Oh yes I am wise

But it's wisdom born of pain

Yes, I've paid the price

But look how much I gained

If I have to, I can do anything

I am strong ( strong )

I am invincible ( invincible )

I am the DOWWWWWW

You can bend but never break me

'cause it only serves to make me

More determined to achieve my final goal ( 10,000? )

And I come back even stronger

Not a novice any longer

'cause you've deepened the conviction in my soul

CHORUS

I am DOW watch me grow

See me standing toe to toe

As I spread my lovin' arms across the land

But I'm still an embryo

With a long long way to go

Until I make my broker understand

Oh yes I am wise

But it's wisdom born of pain

Yes, I've paid the price

But look how much I gained

If I have to I can face anything

I am strong ( strong )

I am invincible ( invincible )

I am the DOWWW

Oh, I am ......

I am invincible

I am strong

FADE

I am DOWWW

I am invincible

I am strong

I am DOWWW

Date: Thu Jan 07 1999 04:28
Hedgehog (Hep) ID#39857:
long time no see......happy happy blissful alternatives...

Date: Thu Jan 07 1999 04:19
HepMeMoney_Hmm (Goodbye Yellow Brick Road) ID#404124:
Copyright © 1998 HepMeMoney_Hmm/Kitco Inc. All rights reserved
Goodbye Yellow Brick Road -

Elton John, Bernie Taupin

When are you gonna come down

When are you going to land

You should have stayed on the farm

You should have listened to your old man

You know you can't hold it forever

You didn't sign up you flew

You're not a president for your friends to admire

Boy wonder's too young to be singing the blues

So goodbye yellow brick road

Wag the dogs of society howl

You can rant and rave in your penthouse

But you're going back to your plough

Back to the howling old owl in the woods

Hunting the horny back toad

Oh you've finally decided you're future lies

Beyond the yellow brick road

What do you think you'll do then

I bet that'll delay your plane

It'll take you a couple of vodka and tonics

To set you on your feet again

Maybe you'll get a replacement

There's plenty of them to be found

Mongrels who ain't got a penny

Sniffing for tidbits like you on the ground


Date: Thu Jan 07 1999 04:12
mozel (@Bond Markert Panic) ID#153110:
Copyright © 1998 mozel/Kitco Inc. All rights reserved
Gold will have its time, but it will not be because of spiraling deflation. Instead it will be the recognition that the Fed is unable to curtail inflation pressure because doing so would destroy the credit pyramid.

Don't think so. The specter of default creates panic in bond markets. Inflation merely causes a demand for more premium.

I think derivatives have enabled bondholders to obtain more return than the nominal interest on bonds which has raised the credit pyramid to new heights. It is usury on usury. Such a quaint word, usury. Such an inexorable operation.

What the banks cannot do is tighten credit ratings. It is the moral hazard inherent in the temporary money system which is out of control. A signature bond is 100% backed by the good faith of the borrower. Even a collateral bond depends on the good faith of agencies. But, the banks must have more borrowing to support the usury of the pyramid. So asset valuations cannot be reduced whether the asset is an expected flow of funds or something tangible. Asset devaluation equals bank insolvency.
An increase in interest rates equals asset devaluation.

What is going on when the credit agencies reduce the credit rating of Japan, Inc. and the yen rises against the dollar ?

Date: Thu Jan 07 1999 04:11
Hedgehog (CIA just cant keep its hands off CHINA........) ID#39857:
Copyright © 1998 Hedgehog/Kitco Inc. All rights reserved
WEST PISSED OFF IT SIGNED ALL THOSE 100 YEAR AGREEMENTS.
New wave of violence on Macau

Macau has been hit by a new wave of violence, prompting China to renew calls
for Portugal to take action to maintain law and order on the island.
Macau returns to Chinese rule in December and China has already angered
Lisbon by announcing it will be basing troops in the territory after the handover.
Two people were shot, one seriously in the fifth shooting incident in as many
days, as rival triads fight for control of gambling and prostitution rackets.
There have been 20 gangland killings and bomb attacks over the past two
years on the island which is heavily dependent on its casino industry.

Date: Thu Jan 07 1999 04:05
Dabchick (Wednesday's Gold and Silver Lease rates) ID#258195:
Copyright © 1998 Dabchick/Kitco Inc. All rights reserved
For Wednesday 06th Jan calculated from data published in Today's FT.
Period------------1- month--------3- month--------6- month---------12- month
Gold Lease Rate---0.78---------------0.92-------------1.17-----------------1.54
( Change ) ------ ( - 0.04 ) ------- ( - 0.00 ) ------- ( - 0.02 ) ----------- ( - 0.03 )
Silver Lease Rate---1.03--------------1.86--------------2.71-----------------2.99
( Change ) ------ ( + 0.07 ) -------- ( + 0.20 ) --------- ( + 0.10 ) ------------ ( + 0.10 )

For Wednesday 06th Jan from data published on their website by Mitsui
Gold Lease Rate---0.60---------------0.70-------------1.00-----------------1.40 ( Offered rates )
( Change ) ------ ( - 0.20 ) ------- ( - 0.25 ) ------- ( - 0.10 ) ----------- ( - 0.15 )
Silver Lease Rate---1.00--------------1.75--------------2.75-----------------3.05 ( Offered rates )
( Change ) ------ ( 0.00 ) -------- ( 0.00 ) --------- ( 0.00 ) ------------ ( 0.00 )
( Change ) = change in lease rates since previous day
Regards...........Dabchick

Date: Thu Jan 07 1999 03:55
Hedgehog (Swiss wankers helped find Jewish booty.....ommmmmmmmmm) ID#39857:
Copyright © 1998 Hedgehog/Kitco Inc. All rights reserved
now they want to HELP find Indonesian booty!!!!!!
Switzerland will help in search for Indonesian booty
If they are neutral then 1000 why's!!!!!!!!

Switzerland is ready to help Indonesia search for any alleged illegally-gained
wealth stashed abroad by former president Suharto and corrupt Indonesian
officials.

But in a report carried by the Antara news agency, Swiss ambassador Gerald
Forjalliz said an Indonesian must first be declared a suspect before his
government will allow an investigation.

Mr Suharto, whose wealth is being investigated by the attorney general's
department, has denied holding any bank accounts abroad and challenged the
government to find any.
Attorney General Andi Ghalib is currently investigating allegations of corruption
involving Suharto, his family members and cronies ... several have been
questioned but no one has been declared a suspect.









Date: Thu Jan 07 1999 03:41
RJ (..... Folks Should Take a Look .....) ID#22849:
Copyright © 1998 RJ/Kitco Inc. All rights reserved

At these cable modem thingies.

I ran across that exploding whale 2BR02B? posted about this eve a few months back and it took about forty five minutes to download the entire 11 and a half MB file with a 56K modem.

As a test I downloaded the http://www.perp.com/whale/movies/whale.qt to see how this new modem really performs.

Total download time for 11.5 MB: 3 minutes and a few seconds. The download speed at the bottom status bar was always over 50K per second and, at times, topped 65K. The best I ever saw the 56K modem do was about 4.5K per second.

The cost is about $52 per month, including the cable modem rental and, get this….. My cable TV is included! I was spending 31 bucks a month for cable, $20 for a dedicated phone line, and $22 for my ISP. This new ISP is twenty bucks LESS than I was paying to spend frustrated hours online waiting for stuff to load.

Its offered by @home.com, which seems to becoming a real player in the market. Deep pockets insure this company is not a flash in the pan. I think the service might be available in most parts of the US. Way worth it to look into.

Since the modem is always connected and powered on, there are no connection waits….. it is always active. Only now, do I truly see the great potential in this whole web thing indeedy…………

Anyway, this is offered by Cox Communications and is the coolest web related thing I have run across ever since I lost my cyber web based virtual hymen thingy a couple-o-years ago. No longer a novice me, I be getting speedy hereabouts.

You can look into it at: http://www.cox.com/

They have my hearty endorsement.

Yes

PS
AND…..Noooooooo….. This whole post was not just a transparent ploy to use virtual hymen and Cox in the same sentence. When push comes to shove, I need no excuse for how I use my pen. Including the obvious layers of meanings to the last sentence - the one juuuust prior to this one: behind the last dot, so to say………

Indeedy even

Righty O


Date: Thu Jan 07 1999 03:33
ChasAbar (Load and reload were sitting on a fence... ) ID#340344:
I had a little fun with the golden eagle site just now. I was vistor number 5,516,448 and with rapid fire reloading the last three digits changed to 450,452,454, 456,458, 460, 462, 464, 466, 468, 471, 474, 477, 481. Boy, I just couldn't seem to get two consecutive numbers. Must be bad luck on my part. Maybe you can do better?

Date: Thu Jan 07 1999 03:18
THC (To Jim) ID#367411:
Glad to see you're with me on silver.....I also own a little PAASF....but in all respect to Ray I have little trouble seeing PAASF at $38 with POS @ $10. Buffet madness took the POS up quite a bit, but PAASF didn't go anywhere near $20, let alone $30......however, on a run to $17 all hell could break loose.

Granted, this hasn't happened for 15 years so from a common sense standpoint we are definitly in fantasy land.

Good luck!

THC

Date: Thu Jan 07 1999 03:06
jims (THC - congradulation on thinking big) ID#252391:
Copyright © 1998 jims/Kitco Inc. All rights reserved
I haven't got my plan quite as well fiqured out. Suppose I could put together a pretty good stash if PASSF went to 38 at $10 silver ( along with whatever the corresponding move might be in SSC ) . From $10 to $17 would be gravy and pretty thick at that.

Meanwhile back at the ranch silver did tick up four cent from %.14 with the yen rally. Would like to see an easy take off as I want to get more PAASF on - in the future an aditional shares here could mean the difference between a Ford or a BMW.

Suspect that we are all so used to the rally and fail routine with silver that it will leave with most of the hopeful on the sidelines.

Date: Thu Jan 07 1999 02:54
2BR02B? (thar she blows) ID#266105:

http://www.perp.com/whale/index.html

Aurator-- just finished The Selfish Gene, starting The Blind
Watchmaker. Not reccomended for fundies.

A Dawkins page:

http://www.spacelab.net/~catalj/

Date: Thu Jan 07 1999 02:50
Cage Rattler ($/¥ drops to 110.00, lowest level since September 1996) ID#33182:
Fueling the fall is Brazilian concerns and the successful JGB auction

Date: Thu Jan 07 1999 02:41
THC (Yen) ID#367411:
Did Brazil cause that!

Holy sh*t!

Cut that out!!!

THC

Date: Thu Jan 07 1999 02:39
THC (To Jim) ID#367411:
Hi Jim!

Good to see silver perking up.....I just hope it lasts.....I need POS $17 within 3 years to complete my Pyramid of Madness!

In any case, as you mentioned, Ray really is great.....love his use of logic.

Re Pd, your friend certainly has big 'nads....I assume he took profits @335 or so......wow.....back in again @310? Well, as long as the Russians refrain from selling Pd should rock hard......don't think I have the stomach to jump back in. I'll hold my Pt longs & be satisfied with that....

Good luck!

THC

Date: Thu Jan 07 1999 02:38
Cage Rattler ($/yen testing critical 110 level) ID#33182:


Date: Thu Jan 07 1999 02:30
jims (CNBC reports on Braziiian state debt moritorium ) ID#252391:
Brazilian state may have declared a moritorium on its debt, according to CNBC Europe report.
Yen is now under 111 to the dollar.

Date: Thu Jan 07 1999 02:27
jims (To THC ) ID#252391:
Copyright © 1998 jims/Kitco Inc. All rights reserved
See you silver picked up - make that our silver. Noticed your comments etc over on the SI PAASF board. Wasn't that a good analysis done by Ray Hughes - certainly the dean of silver. Would like to see PAASF get up to 39 - would make my day ( year ) .

Silver in London at this time is down 2 cents. Important to see a lower opening followed by a higher close. Got a nice jump in PASSF overnight but expect we'll be down to $5 a share again if silver doesn't move on out from here.

PD and SWC pulling back - my friend offered $310 as an entre point. Suppose he may be planning on adding some there based on his tone.

Hope the bull run in equities transfers over to the metals.




Date: Thu Jan 07 1999 02:14
Oliver (Sorry lost the most important one but..) ID#242325:
Copyright © 1998 Oliver/Kitco Inc. All rights reserved

her a good one:

http://www.cnn.com/TRANSCRIPTS/9901/01/tl.00.html

In the middle....answer....

YOURDON: Well, there certainly isn't enough time, even if people were
working on it, but the scariest thing is that roughly half of the small businesses
in this country have not even begun. If you don't start, you certainly cannot
finish in time. But we've done the arithmetic for most of the major
government agencies and large companies, and even they don't enough time
at this point to finish it all.

Date: Thu Jan 07 1999 02:10
RJ (..... Salty .....) ID#22849:

Engrams, aye?

Are you actually searching for grams?
We cannot tell..........

Perhaps dreaded enism
Attached its insidious talons
Into an otherwise very noble post?

Hmmmmmmm?

Limey

Date: Thu Jan 07 1999 01:58
aurator (In search of the Engram....The Biology of Ultimate Concern) ID#257148:
Copyright © 1998 aurator/Kitco Inc. All rights reserved
JTF
In many senses, the net is a neural network. We are not absolutely dependent, for example, on one chain only. There is at least one mirror Kitco site. Others have back-up discussion facilities of Kitco but hosted by SI.
Many people have copies of kitco history ( memory ) that can be called on with varying degrees of accuracy.
Much is duplicated around the world.

I am constantly amazed by the depth of the Net. SOme years ago I was browsing a 2nd Hand Bookshop, as I am wont, some bloke pops his head in the door and asks the proprietor, Got anything for me today?
Not today, replies the shopkeeper. The customer leaves and the shopkeeper turns to me and says, He collects books on lighthouses.

I imagine, if the lighthouseman is online, he has found others like him, who are fascinated by lighthouses. Such is the neural net. My thanks to the net creators.


BTW
I was given The Blind Watchmaker for Xmas. I thought of you when I read one factoid. How is it that cicadas/locusts plague only either every 13 or 17 years? There are several species of cicada that plague in either 13 or 17 year intervals. Any thoughts?

Date: Thu Jan 07 1999 01:54
RJ (..... Salty .....) ID#22849:

I've been telling you those Phillies are perty.

Indeedy

Date: Thu Jan 07 1999 01:52
Oliver (I give up...) ID#242325:
It is gone ...and you will never beleive me ...so FORGET IT !
Sorry........

Date: Thu Jan 07 1999 01:43
Oliver (Sorry The THING disapeared !!!) ID#242325:
Date: Thu Jan 07 1999 01:01
Oliver ( My 00:51 hres sorry for the crap..! ) ID#242325:
Y2K releted or not my writing disapeared and yahoo took place.
I will come back with my subject.
And I tried...and I tried.....


Sorry The THING disapeared !!!

I will come back !


Date: Thu Jan 07 1999 01:42
aurator (Thanks..........) ID#257148:
Copyright © 1998 aurator/Kitco Inc. All rights reserved
All
Today I received a large parcel from Austria {that's the one in Europe} amongst a myriad of treasures was a Philharmoniker, now that's a gold coin that LOOKS like a gold coin. What a beauty! Is this a Roman coin here too? This coin looks as if ten thousand hands have held it. If coins could talk, what stories they could tell.....
Fred@Vienna
Ennivrez-vous_@_SANS_CESSE.

Envy
No silver Eagles have flown to aurator's downunder wink museum. I have some beautiful morgans, and peace dollars, some NZ silver dollars, even one liberty, no Beagles tho.




Date: Thu Jan 07 1999 01:42
JTF (The internet as a Neural network -- Just a thought -- Signing off!) ID#254321:
Copyright © 1998 JTF/Kitco Inc. All rights reserved
All: Some of you know some neurophysiology. I have been collaborating with a colleague of mine who is a neurophsyiologist who wishes to study the process of memory formation in the human brain.

The best model for the human brain that I can think of is that each memory is stored as an image -- as a fine lace of interconnected neurons distributed throughout the cortex. If each memory unit is reinforced by a constant recycling of a series of impulses distributed throughout a redundant network of neurons, one can lose a big portion of ones brain without losing the memory ( massivly parallel computer ) . It is a known fact that human memories are stored somehow as images, and that major brain surgery does not remove entire memories as you might expect. Someone who has brain surgery -- even lobotomies -- has a remarkable number of memories intact.

Now, the internet survives if a few nodes go down, and it is also masively parallel.

What if we were all part of a new higher level of human consciousness -- the internet itself? Perhaps the concept of an awaking, and our rise to a new level of consciousness is not so crazy after all. No OBE needed. Just go on the net.

Date: Thu Jan 07 1999 01:29
JTF (The information revolution brings down WJC) ID#254321:
Copyright © 1998 JTF/Kitco Inc. All rights reserved
WhoCares: I agree. Before the information/internet revolution, individuals like WJC could always stay one step ahead of the truth, like the snake oil salesman who just went to the next town when it got too hot for his liking. Not anymore. And -- on the net you can compile anything in WJC's past for all to see. Even JFK might have had some internet mud slung at him for his sexual escapades -- certainly Jacky knew. Marilyn and those ladies in the WhiteHouse pool.

Now 'Big Brother' is watching us on the net, but it is watching our public figures even more closely -- and 'Big Brother' is really us -- many little entities, not just the big entity that makes up the US government. We are experiencing a major 'awakening' of the human spirit. The internet itself is generating a higher level of human consciousness and sophisticaation.

I am still amazed by the potential consequences of WJC's DNA info becoming public record. That may be what brings him down, not the Senate or the House. What if he is a 'deadbeat dad' many times over?

Date: Thu Jan 07 1999 01:26
HighRise (U.S. should fret dollars falldollar's fall) ID#401460:
Copyright © 1998 HighRise/Kitco Inc. All rights reserved
Thursday January 7, 12:42 am Eastern Time

INTERVIEW-Gyohten says U.S. should fret
dollar's fall

TOKYO, Jan 7 ( Reuters ) - Toyoo Gyohten, a special adviser to Prime Minister Keizo Obuchi, said on Thursday that U.S. authorities can no longer maintain ``benign neglect'' regarding the dollar's recent fall.

``I would hope very strongly the day will come before too long when the United States recognises the importance of and their responsibility to maintain their currency's international value,'' Gyohten told Reuters Television in an interview.

For decades when the dollar was the lone global key currency, the U.S. ``could enjoy the privilege of benign neglect, but what I want to argue now is that that situation is changing,'' Gyohten said.

Asked if the U.S. authorities ought to be more concerned than they are about the dollar's recent falls, given the rising U.S. current account deficit and high stock prices, he said: ``I think so, yes.''
http://biz.yahoo.com/rf/990107/4.html

HighRise


Date: Thu Jan 07 1999 01:26
Oliver (The Link..) ID#242325:
http://www.sunday-times.co.uk/news/pages/tim/99/01/05/timbizbiz01030.html?1733620%20tml?1733620

Date: Thu Jan 07 1999 01:22
Oliver (OK,52 responded, and......) ID#242325:
Copyright © 1998 Oliver/Kitco Inc. All rights reserved
BUSINESS ROUNDUP

Companies stay quiet on
millennium bug
MANY companies are evading responsibility for any
millennium bug disasters by keeping quiet about its
potential effects on their business, claims a report by the
Consumers' Association. A researcher wrote to 74
companies, posing as a worried customer wanting
information about contingency plans and customers' legal
rights should things go wrong. Only 52 responded, and
not one gave information about consumers' rights in the
event of a problem, or details on how to complain.

The report found that many companies used
gobbledegook such as leveraged internal applications
experts and concluded that much of the information in
replies was so vague as to be unusable. This may be the
intention as companies hope to avoid creating a liability in
law. Adam Taylor, a partner at Withers Solicitors, said:
A casual answer to a customer questionnaire could make
an unwelcome reappearance in court resulting in legal
liability where none existed before.

Date: Thu Jan 07 1999 01:17
Envy (@EB, Aurator) ID#219363:
EB, afraid I don't have much to barter with right now, just a coupla silver eagles. Hey Aurator, do you have any US silver eagles ? I'll package one up for ya and send it along, assuming you put a return address on that package *grin*.

Date: Thu Jan 07 1999 01:12
EB (¡NickO!) ID#187109:
-
you ole CAN a BEER O........

I received the package today.....cheers mate. You are toooo generous. Go 'Stralia!

All - Me mate Nick@C made a 'donation' ( no bets just good ole Aussie kindness ) to the west wing of the California Wink museum...............the new arrivals include a large 1780 Austrian silver, some silver shillings, pences and a Papa New Guinea shilling............and the prize of the collection.......a koala. YES! A small winky PLATINUM Koala 1989.......it will make it's debut right next to the infamous AE winko from D.A..............

Let me tell ya.....it is great to send coins around the world to each other..........ya'all should try it...........'tis good, ya?

away.......

Éßwon'tßߣ

Date: Thu Jan 07 1999 01:09
Envy (Asian Markets Skyrocket) ID#219363:
Copyright © 1998 Envy/Kitco Inc. All rights reserved
TOKYO ( AP ) -- As they have so often before, Asia's top three stock markets followed a surge on Wall Street by opening sharply higher themselves today, even though no one knows for sure whether the region's economic crisis is bottoming out. In Singapore and Hong Kong, the key indexes jumped about 4 percent in early trading, while Tokyo's Nikkei Stock Average climbed 2.4 percent by midday. These and many other Asian stock markets also enjoyed a big rally on Wednesday, thanks in part to falling local interest rates and the successful launch of Europe's new euro currency. But across the board, analysts and traders credited Thursday's gains to the rally by the Dow Jones industrial average, which easily crossed the 9,400 and 9,500 thresholds for the first time Wednesday. It rose 233.78 points, or 2.5 percent, to close at 9,544.97, surpassing its previous closing record high of 9,374.27 set on Nov. 23. The rally also marked a continued turnaround from last fall. The Dow, which slid below 7,500 in early October, has now rallied more than 2,000 points, or nearly 28 percent, in less than three months.

http://www.newsday.com/ap/rnmpfn1p.htm

Date: Thu Jan 07 1999 01:05
Charles Keeling (@ JTF RE: CRB & the CPI etc.) ID#344225:
Everyone knows that the CPI figures are wrong.

Inflation has been growing like crazy, but it is
covered up. Most goods in the grocery store have
have gone up by large amounts, and have gone unrecognized
because the current administration wants it like that.

The same product on the shelf weighs less as time goes by.

The price goes up slightly, but you get less product.

The people who analyze this ignore the reality.

Date: Thu Jan 07 1999 01:02
John Disney (the thing about reserve currency) ID#24135:
Copyright © 1998 John Disney/Kitco Inc. All rights reserved
to rhody/SDRer..
Suddenly the Japanese want the yen to be a reserve
currency .. and they talk about a new system ..
what is going on here ..
.. the US runs a 200 billion $ trade deficit with
other countries .. to simplify lets say it is all
with Japan .. which it isnt of course ) .. How does
it settle with Japan .. well it COULD go into the
market and BUY 200 billion $ worth of yen and say
.. here it is .. BUT that would be expensive as the
yen would be driven up in price and the japanese would
be less able to continue to access the US market .
.. so I BELIEVE that what happens in effect is that
the US pays in dollars ( which it prints ) or in bonds
( which at maturity it will print the face value of
while printing the interest in the meantime ) . If the
Japanese say that this looks funny .. the US says wait
.. this here stuff is the RESERVE CURRENCY so what
exactly is your problem bub ?..
.. BUT say we have THREE reserve currencies .. when
settling trade balances the US scam must become
more clear to its victims .. er trading partners.
.. wouldn't the simplest way of settling deficits then
become the transfer of GOLD from one country to another
.. By the way, I calculate that 200 nillion dollars ..
the US trade deficit.. is equal to about 20,000 tons
of gold .. Have I made a mistake

Date: Thu Jan 07 1999 01:01
Oliver (My 00:51 hres sorry for the crap..!) ID#242325:
Y2K releted or not my writing disapeared and yahoo took place.
I will come back with my subject.

Date: Thu Jan 07 1999 00:59
John Disney (gold shorts ?) ID#24135:
Copyright © 1998 John Disney/Kitco Inc. All rights reserved
to rhody ..
lets look at gold leasing a different way .. Lets
say the borrowing rate is 7 % .. and the sum of the
lease rate and the forward rate is 5 %..
Now .. lets say a comapany wants to BORROW money
( rather than lease gold sell it and take a chance
on it falling before the end on the lease period ) ..

SOoooo. it leases gold .. sells it back to the
bank for cash, put up another 10% and buys the same
amount of gold forward .. assumming the lease rate..
forward rate total is 5 % and the fact that it gave
the bank back 10 % of the dough .. puts its borrowing
cost at 5%/0.9 = 5.5% ( cheaper than prime ) ..
the company has NO GOLD RISK .. the bank has the same gold
it started with .. so where does anyone have a problem
Gold is NOT a sterile asset .. it yields 5.5 % to
the bank that constructed the loan ..
But how are newsletter types coming up with the
20,000 ton short position
Lets say .. there is no short position .. just a
collection of so called gold loans which are
not gold loans at all .. just money loans constructed
around the gold contango.
Please tell me that I am wrong and why

Date: Thu Jan 07 1999 00:55
Who Cares? (JTF - Clinton Brought Down By His Own Lies) ID#189232:
It's because of the Information Age. The old paradigm involves
monopolization of information. For many years, it was a successful
strategy and it is embedded in our culture.

It is now a losing strategy because information itself is functioning
more as a free market. Nobody in DC has figured this out yet, though.

Date: Thu Jan 07 1999 00:54
EB (hello D.A.) ID#187109:
-
I knew a little silver rally would bring you out from hiding :- )

That was a good one...........who told you to go to church newbies...........hmmmm...

go silver.

ALL - Jake B. called for a Jan. 8th seasonal for silver.........'member the URL? anyway, was it early this year........or do we SELL INTO THE DIRT!?!? Tick-Tock........ ( ? ) . I'm gonna wait before dipping my toes................uh huh.

away......to Palm Springs for sun, fun, golf, whatever.......just when the markets are hotting up :- ( ........ ( ? )

Éß

go dollar ( USD ) ......

¡ohmy!

Date: Thu Jan 07 1999 00:51
Oliver (Ready to go...!) ID#242325:
Copyright © 1998 Oliver/Kitco Inc. All rights reserved
The smelly dirty....ready to go forget more of your freedom my dear..

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Tuesday January 5, 5:27 pm Eastern Time

Company Press Release

Thomson Financial Publishing to Market `Know Your
Customer' Software from Americas Software
Corporation

ASSIST ( TM ) Helps Financial Institutions Comply With Federal Regulations.

SKOKIE, Ill.-- ( BUSINESS WIRE ) --Jan. 5, 1999-- Thomson Financial Publishing announced today an agreement to market
ASSIST™, a software program from Americas Software Corporation designed to help financial institutions monitor suspicious
activity and comply with pending federal regulations that would require formal ``know your customer'' ( KYC ) policies and
procedures.

ASSIST automatically reviews transactions and reports activity that could be indicative of unlawful activity. The
Windows-based software program supports all systems commonly used by financial institutions, including mainframe, IBM
AS/400, UNIX and NT Server.

``We evaluated available KYC software and determined that ASC's ASSIST program is the best on the market,'' said Glenn
Gottfried, vice president of TFP's Payments & Compliance Solutions Group. ``Adding ASSIST to our product line is in
keeping with our commitment to offer the industry's best compliance information and software.''

ASC President John Daly stated, ``Used by some of the top banks in the country today, ASSIST is proven to work. It's a
natural fit for TFP's best-of-breed OFAC compliance solutions.''

The Payments & Compliance Solutions Group of Thomson Financial Publishing is the industry's leading provider of payments
routing information and OFAC-compliance solutions. PCSG's products range from PC-based look-up tools to mainframe,
AS/400 and Windows NT automated filtering solutions. Visit TFP on the Internet at www.tfp.com.

TFP is a division of Thomson Financial Services ( TFS ) , a leading provider of information services and work solutions to the
worldwide financial community. TFS, part of The Thomson Corporation ( TTC ) , has 40 offices located throughout the world
and employs more than 7,000 people dedicated to the success of its clients. With annual revenues approaching US$6 billion,
TTC is one of the world's leading information and publishing companies. TTC's common shares are traded on the Toronto,
Montreal and London stock exchanges. For more information, visit the TFS Web site at www.tfn.com.

Contact:

Thomson Financial Publishing
David Leverenz, 847/933-8142
dleverenz@tfp.com


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Questions or Comments?

Date: Thu Jan 07 1999 00:45
Reify (Try this) ID#413109:
Check this out- http://www.marketgauge.com/charts/cmfcash.htm
and look at the last hi ( early 90's ) and estimate the time it
took to make it, then guess the bottom and you can estimate
that if will take from 6-12 months to make a bottom, which
should put in a market top anywhere from the coming spring to
the end of summer ( say May-August ) .
If you buy this, I may post other ideas. If not,I may anyway!

Date: Thu Jan 07 1999 00:17
Reify (Thoughts) ID#413109:
Copyright © 1998 Reify/Kitco Inc. All rights reserved
D.A.-----Real great to see your face ( posts ) again!
There are a lot of newbies that have to learn a little respect!!!
If you say hi in person, you'll get a prize-Reify@sitcom.co.il

Gollum----Re your chart on CRB long term, would just like to
add a thought- the retracement from the '40s to the highs is
approx 2/3, which is within the average normal chart retracements
range.
Which further confirms, on a long term basis, that we may expect
a turnaround, from these levels.
All moves have to start somewhere---now isn't that profound!?

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