Cmax: bravo for saying something I can agree with,also tolerant1

what a change from yesterday!

STILL....... UN - DE - FEATED!!!

the DUNKMASTER Kobe Bryant

Then as now, we were more pragmatic ( . . . NOT ) . . . We chose ultimately to divert funding to non-producers ( read that as homeless or wannabe homeless, or close-to-wannabe homeless, etc. ) , and massive layoffs from hi-tech industries ensued, were tolerated ( indeed applauded ) by the population at large, and continue to this day. Only our computer technology keeps us afloat as a technological beacon at present, and like any other product ever conceived and produced, will have run its course and expire in due time ( That is a whole 'nother topic ) . When that epoch arrives, we will indeed pay the piper for our reticence.

Today's America frowns on both Hi-Tech Spending and Basic Research, Good paying quality jobs are virtually non-existent for the career techy or engineer, but there are plenty of openings for salespeople at Best Buy, Circuit City, Sears, and any company in general that resells Southeast Asian Goods. The job market for new graduates sucks, and will deteriorate further as computers continue on their path toward a stable, well defined, commodity item - - Much as the modern hammer ( Another tool of mankind ) .

Best Regards, Niner

JTF; ( your 22:11 ) Soft and Hard Science united? Uhh, like astrology and particle physics? Aarrgghh.

one,as their creditors haven't spoken yet.Waiting to see what they have

to say would be prudent in this case.

BGO on the other hand is real opportunity if you don't mind a little

risk in Gold going lower.I don't think it will see the 280 without more

obvious and blatant manipulation by the CB'ers.

Whats really strange here is this...gold is being shorted down on well

placed and eagerly publicized rumors,yet when they are dispelled they

are twisted around to keep the price down.How long can this go on being

so obvious to even the little folks like myself?

Best wishes to all Kitco contributors and readers, Peter.

Criminal cash 'put Clinton in White House'

By Hugo Gurdon in Washington

A government ombudsman confirmed that America's biggest union and the Democratic Party laundered illegal

funds for each other, as yet another trail of dirty money leading to the White House door was exposed yesterday.

Kenneth Conboy disqualified Ron Carey, the labour boss, from running for re-election as president of the

Mob-linked Teamsters union. Conboy said that Carey had telephoned President Clinton's finance director to

thank him for raising improper campaign cash.

The disclosure is expected to trigger a wider investigation which will embarrass Mr Clinton and Vice-President Al

Gore, both of whom are already being investigated for illegal fund-raising.

Mr Conboy, a former federal judge, found that far from rescuing the Teamsters from chronic corruption as

promised, Mr Carey was guilty of extraordinarily serious misconduct in his victorious election campaign last

year against James Hoffa Jr. Mr Hoffa is the son of Jimmy Hoffa, the legendary Teamsters boss who ran the

union even while in jail for corruption in the 1960s. He disappeared in 1975 and is assumed to have been

murdered by the Mafia.

Mr Hoffa Jr is now expected to sweep to victory in the rerun election, ordered because of fraud in the last one.

The case has wide implications. It suggests that what the Justice Department called a devil's pact between the

Teamsters and the Mob may remain intact.

But it also opens another can of worms for Mr Clinton. Trades unions spent £18 million on devastatingly effective

television advertisements last year, attacking Bob Dole, the presidential candidate, and other Republicans, and

supporting Mr Clinton and Mr Gore.

The Democrats are already struggling to repay several million dollars of illegal campaign funds. If widespread

illegalities are also found in union money-raising, the 1996 election will look increasingly like one bought with

criminal cash. Mr Carey claims that he did nothing wrong and will fight to prove his innocence, but the judge said

he tried to mislead his interrogators, used bogus excuses and offered completely untenable accounts of his

actions in regard to illegal fund-raising for his campaign.

Martin Davis, a campaign aide to Mr Carey, who has pleaded guilty to election fraud, says he asked several

Clinton-Gore campaign officials, including Terrence McAuliffe, the finance director, to join in a money laundering

scheme.

They would find wealthy donors to contribute to Mr Carey's re-election and, in exchange, the union would

plough money into the Democratic campaign. The union donated hundreds of thousands of dollars to the

Democrats who, in return, lined up a foreigner to give £70,000 to Mr Carey's campaign. But this money was

eventually rejected because the donor was an employer prohibited from financing a union election.

However, Jere Nash, Mr Carey's campaign manager, who has admitted election fraud, says Mr Carey called and

left a message thanking Mr McAuliffe for his efforts. Mr McAuliffe says he received no message and had no

dealings with Mr Carey.

This looks interesting.... You've got a lot of shorts out there that are

covering.

http://cnnfn.com/markets/bridge/2333.1.html

And so does this................. swamped with physical demand ....

http://cnnfn.com/markets/bridge/2270.1.html

Hidden in the turmoil we see around us are the seeds of another flowering of human culture beginning the next cycle -- we must be patient to see what is to come.

A return to truth in government?

A return to basic values in life?

A melding of the hard sciences with the soft ones?

Our destiny in the stars?

The development of zero point energy sources for ( nearly ) pollution-free economies?

We must move forward, regardless of our worries.

Hopefully the next time around we will remember more of our past experiences.

Given the rapidity of what is happening in SE Asia, and other parts of the world -- things are moving a bit to fast I think to know what will happen in the short term. I would still submit that money saved for the pending gold rally will be a sure thing. I'm not so sure about a similar bet on the DOW. Why risk your cash right now, when a sure thing is around the corner.

WANNISKI ON THE GOLD STANDARD

Very few opponents of a gold standard know what it is or how it works or how many different ways there are to link paper money to gold. The question arises again and again: How can we be on a gold standard when there is so little gold and so much money needed to finance this enormous world economy? The answer is that it is the function of the central bank only to maintain the standard, the unit of account, and the rest of the world will create its own money around that standard.

I think the ultimate crisis for the dollar will not be tomorrow, or even 6 months from now -- but it will come, unless our belief in paper ( debt ) assets is reversed very soon. Unfortunately, belief systems created over many decades cannot be altered overnight.

My guess is that there will be lots of hands out for bailouts, but the IMF's pockets are nearly empty.

Japan will be forced into a competitive devaluation as a consequence of this. If US treasuries are sold, it will be after the devaluation of the Yen.

Please don't forget, the Central Banks still have 3/4 of their gold ( we think ) avavilable for loans. If the market tanks again, so will gold during the next attempt to stabilize the markets. In my opinion, gold and gold stocks will not rally until after the powers that be are convinced that there is no market to protect. The current economic system must be protected at all cost, I guess.

Please take this message for what you paid for it. Decide for yourselves.

I note with interest the results of some recent research

by Robert Gordon, Professor of Economics at Northwestern University and

long one of the leading academic experts on the linkage between growth and

inflation. Professor Gordon argues that this year's surprising improvement

in inflation is traceable to a confluence of temporary factors -- the technical

adjustments that the BLS has made to correct for CPI biases as well as

an understatement of inflation for computers and medical care. Absent these factors, Gordon calculates that the personal consumption deflator was rising at a 3.6% year-over-year rate in 2Q97, fully 1.5 percentage points faster than the officially published measure and up more than one percentage point from the cycle low of 2.4% hit in early 1994. Gordon's analysis implies that this year's good news on inflation stems solely from a series of nonrecurring factors that will not be in place in 1998. Absent these factors, measured inflation can be expected to return quickly to its underlying trend of 3.6%. So much for the new paradigm!

Sorry about that.

Check out my post from 11/18/97 03:43. The area south of Mono Lake ( area number 1 and figure 3 ) is the location of the Long Valley Caldera. Seems there is magma activity taking place there. Hope there's not an eruption like there was 730,000 years ago.

A quote from http://volcano.und.edu/vwdocs/volc_images/north_america/california/long_valley.html:

The Long Valley caldera was produced by a catastrophic eruption about 730,000 years ago. The roof above the magma chamber collapsed, forcing 150 cubic miles ( 600 cubic km ) of rhyolitic magma to the surface in the form of Plinian ash columns and associated air falls and ash flows. The volume of ash is comparable to similar caldera-forming eruptions at Yellowstone and far exceeds the volume of ash erupted from stratovolcanoes. For example, the large eruption of Tambora in 1815 produced 10 cubic miles ( 40 cubic km ) of ash.

To get an idea of comparable sizes of Tambora to what happened at Long Valley ( and Yellowstone ) check out http://quake.wr.usgs.gov/VOLCANOES/LongValley/sizes.gif. Puts it all in perspective.

Here are some more sites to check out.

http://quake.wr.usgs.gov/recenteqs/

http://quake.wr.usgs.gov/recenteqs/Maps/118-37.html

http://quake.wr.usgs.gov/recenteqs/Maps/Long_Valley.html

I miss you man...

away...to dream of The Sheller coming back to kitco...aaaaaaah......

Éßrokenhearted

God, I love the smell of Napalm in the morning...

Away...to promote discipline amongst fellow kitcoites

Éßuttkicker

go gold!

WHY IS FIDELITY OFFERING APEX SILVER?

SALOMON BROS. hopes to begin selling

shares of Apex Silver Mines on Wednesday.

And if you want a piece of the initial public

offering, it can be had through Fidelity

Investments's discount brokerage. Check

out the latest public offering -- available

now, gushes a link on Fidelity's home

page. A better option: Link to the Nov. 7

story we wrote on Apex, When Bankers

and Brokers Merge.

As we reported in that piece, the Apex

Silver offering is a highly speculative

attempt to raise around $100 million to

help develop an unproven Bolivian silver

mine. It's hardly the kind of IPO well-suited

to the individual investors who make up the

bulk of Fidelity's clientele. Even

professional investors were largely

unimpressed with the offering as first

packaged for the institutional market by

Salomon Bros. and several underwriting

partners. We still have questions about

the location of deposits and the ability of

management to deal with the geographic

diversity of the deposits, says Lucille

Palermo, manager of the Van Eck Global

Equity Fund. And the pricing seems a little

bit high.

Salomon says it will try to price the deal

between $13 and $15 a share on

Wednesday. It will mark the investment

bank's second attempt to unload the

shares. The first time the deal was

registered, the underwriters were Salomon,

PaineWebber and Canadian heavyweight

ScotiaMcloud. This time, Salomon has tried

another tack: It brought in its new merger

partner, Smith Barney Holdings, which has

a vast retail network. And it made some

shares available through Fidelity's discount

brokerage, which recently signed an

agreement with Salomon for access to its

equity offerings.

Fidelity trumpeted its new IPO service as a

sort of democratizing influence on the

elitist business of selling initial public

offerings. Finally, the small investor would

have early access to the hottest deals --

the same sort of opportunity

well-connected portfolio managers get. But

is this really the kind of deal Fidelity had in

mind?

Fidelity officials say they can't comment on

specific offerings. They do point out,

however, that the agreement is to simply

provide a conduit for whatever comes

through Salomon's pipeline. In other words:

Buyer Beware.

In this case, the question is, Why buy at

all? Apex bankers have been making much

of the fact that legendary investor George

Soros owns a chunk of the company. But

buying cheap is the hallmark of a good

investor and it should be noted that Soros

and several other high-profile investors

bought their 75% interest in Apex for $10

million, or an average of just $2.90 a share.

The fact that Soros is involved is the

biggest selling feature for the deal, says

Bill Fleckenstein of Fleckenstein Partners in

Seattle, a fund that specializes in precious

metals. If it wasn't for that, it would never

get done.

There are plenty of questions about the

quality of these assets. In addition to

pricing, a couple of other things bothered

Van Eck's Palermo, a respected precious

metals investor. They're calling it a

reserve, but I'm not sure I would call it that

because it is in the first phase of a

feasibility study. A 'pre-fea' is not a

reserve.

A feasibility study, Palermo explains,

means that drilling has been done at the

site and the core samples have been

analyzed. It gives you an initial reading on

physical characteristics of the deposits.

One thing a pre-fea doesn't do, however, is

map out the economics of exploring and

operating a mine. In addition to the cash

raised in the public offering, Apex Silver will

have to raise an additional $327 million to

get the mine up and running. Since they

haven't done a whole lot of metallurgical

work, they can't talk about recoveries and

processings, Palermo says. If you don't

know that, you can't talk about the

economics.

Right now, Apex is between a rock and a

hard place. The company is currently trying

to arrange bank financing, but the banks

want to see more equity before they lend.

Unless Thomas Kaplan, Apex's chief

executive officer, can raise the $100 million

on the public market -- or tap more cash

from Soros, et al. -- Apex doesn't have

many options ( efforts to reach Kaplan were

unfruitful ) . Investors won't give them any

equity until debt arrangements are in

hand, notes Palermo. But banks won't

lend to them until they have equity in

place. They're in a real bind. It's a problem

retail investors would do well to avoid.

-- By Pablo Galarza

Does anyone have a reliable url for the daily COMEX precious metal stocks?

Thanks in advance.

Your question is confusing, as the Professor appears quite clear where he is quoted. I have re-posted what I placed for general reading so you do not have to go back and find it. Please point out in your next post exactly what is unclear to you.

Gold not an inflation hedge

The historic tendency for gold to rally in value during deflations is not appreciated, in part, because most investors wrongly assume that gold is primarily a hedge against inflation. The record here is clear, but apparently overlooked. It was documented in a thorough study, The Golden Constant: The English and American Experience, 1560-1976, by Professor Roy W. Jastram. Here, in Jastram's words, is a summary of his findings:

The evidence drawn from the English experience for 400 years is clear. Gold is no hedge against inflation of a prolonged character. Even worse, it /lost/ operational wealth ( purchasing power ) consistently and seriously in each inflationary episode.... [From] ( 1897-1920 ) , a person would have lost two-thirds of his operational wealth just by holding gold in bars from the beginning to end. And this was in the golden age of the gold standard.

What about deflation? Jastram continues:

Four pronounced price deflations took place in the four centuries recorded, with the three most severe occurring since 1800. In all four price recessions operational wealth in the form of gold appreciated handsomely. When one sees that just by holding gold for 13 years from 1920 to 1933 operational wealth would have increased 2 1/2 times, one realizes that gold can be a valuable hedge in deflation, however poor in inflation.

So much for the conventional assumption that gold is a hedge against inflation. Its hedging value proved enduring from one inflationary peak to the next only because gold appreciated enough during deflations to recapture the value it lost during prolonged inflation.

Swiss Bank Corp announced that it would cease operations as a gold & silver COMEX depository upon revealing that it had overstated its gold position by over 30,000 ounces and its silver position by over 3,000,000 million ounces last Friday. What is left of their positions was transferred to Republic National. .... insiders tell us that at one point Swiss Bank accused Republic National of reporting to COMEX less than what it received -- an accusation Republic angrily denies.

So this is implying that the swiss had even LESS gold than what was announced...

If this type of infighting has any basis in fact I would say that this is a sign of complete disarray in the secretive gold banking world. Particularly when it reaches the light of day

Speculation aside, obviously something very serious is going on given that they are *resigning* over a purportedly *honest* book keeping error. After all, we all know how much trouble the swiss have with money concepts, counting etc.

Posts from Arden indicate that one of the original 5 comex warehouses was inactive. There are now 3 comex warehouses left. One can't help but wonder who else has been using swiss accounting methods....

No instructions necessary for registration. You'll know how when its time.

My take is that this play will start to explode and while it is expanding will be bullish for US bonds and/or the S&P500 ( which I suspect a lot of the yen carry money may have gone into rather than bonds given the better yields ) . So far this trade has been a winner, gaining on bonds and currency. But I cringe to think how huge this play must now be....

http://www.usagold.com/default.html

Gold Newsletter: Bundesbank Gold Loan Disclosure

Supports Veneroso's Ground-Breaking Research

`Global Gold Market Deficit Is 700 Tonnes Larger Than Consensus

Estimates - Aggregate Short Position Too Large To Be Covered'

NEW YORK, Nov. 12 /PRNewswire/ -- The following is being issued by Gold

Newsletter:

Noted international gold market analyst Frank Veneroso said today that Bundesbank

disclosure of massive gold loans ``confirms our view that the global gold market deficit is

700 tonnes larger than consensus estimates and that the aggregate short position in the

gold market is too large to be covered... This is the beginning of a reappraisal of the

gold

market that will slowly unfold...''

Veneroso said that the very large amount of current gold forward sales, short sales and

central bank gold loans is forcing a day of reckoning in which the demand for gold to

cover all of these positions will overwhelm current supplies, greatly disrupt orderly

markets and send gold's price soaring. This analysis springs from Veneroso's ongoing

study of actual central bank gold loans which, he has concluded, are materially higher

than official estimates.

Veneroso's research shows that official and private gold loans total 8,000 tonnes, far more

than the 3,000 tonnes that most analysts project. To put this in perspective, annual global

production of gold is approximately 2,400 tonnes. This research has been developed and

reported over the months in Gold Watch, a fax advisory service published by Veneroso,

and in Gold Newsletter, an investment newsletter published by James U. Blanchard III,

based in Jefferson, Louisiana.

Germany's central bank, long recognized as one of the strongest supporters of gold in the

central banking community, has just disclosed to a German newspaper that it has loaned

on the order of 10 percent of its gold reserves to the market.

This admission, long suspected by Veneroso but not proven until now, supports his

findings of huge central bank gold loans overhanging the market.

Regarding the recent crash of the gold price, Veneroso attributes ``mad dog selling'' by

European central banks which are anticipating new gold sales rules and prohibitions to be

established by the emerging European Central Bank in April 1998. European central

banks are taking their last opportunity to dress up their books for admission to the

European Monetary Union by selling gold.

The balance of Veneroso's research and findings will appear in a comprehensive new

annual study of the gold market, The Gold Book, to be published by Gold Newsletter and

Veneroso Associates in January 1998.

This gold will rally and Karlito and LGB will, again, have called the obvious...yeah!! Three Cheers!! BUT, gold will then linger and set itself up for the BIG break below the 'water-line'. And it will set its sights for a new 'water-line'...more like the 'Mendoza' line...oh my!!

away...to put on my floaters

Éßgonetowork

hey Hep, tell 'em who Mendoza is for me...TIA ( thanks in advance? )

This url may work better.

http://www.futuresource.com/metal.html

This story is not good news!

http://www.futuresource.com/cgi-bin/get32.exe

This story is not good news!

http://www.futuresource.com/cgi-bin/get32.exe

This is copied from an SI thread and reportedly is from a 4-page supplement included with Elaine Garzarelli's latest newsletter:

Blanchard ( editor of Gold Newsletter for 26 years ) says . . . the

information I have just gained is amoung the most important I have ever

passed along to clients and subscribers. We all know about the

aggressive shorting of gold, but Blanchard says he has learned that short

positions are ten times or more what is reported on the Comex. An

even larger short position was created by thousands of tons of gold

borrowed from central bank reserves by bullion banks and sold into the

market. Much of the gold is sold simply as short-sale speculation,

which they are required to pay back at some point. If the price rises

they must buy.

Now here it gets interesting. Until a few days ago, every player in the

market believed the the cumulative amount of gold loaned by central

banks was between 2500 and 3000 tons, figures reported by Gold

Fields Mineral Services, and an amount that would be manageable

while large. Blanchard says he has just received research from the

world-renowned analyst Frank Veneroso indicating that the borrowed

gold is larger . . . much larger . . . than anyone suspects . . . more than

6500 tons . . . and perhaps more than 8000 tons.

Just days after the Veneroso research became public knowledge, the

gold lease rate soared 81%. In recent years this has always led to a

spike in gold prices. Some of Blanchard's sources are reporting fear of

market chaos amoung central bankers. Blanchard says demand is huge,

far larger than production, and sales of tons of accelerated gold supply

are the only thing keeping the price down. Somebody is buying all that

gold, he says, and demand cannot be met without forward sales.

When the lease rate reaches 3% forward sales are seriously curtailed. In

1995 it reached 5% and the price of gold went to $414. The lease rate

has recently gone to 4%. This means the market is already tight now,

even before the usual year-end rise. He advises increasing holdings now,

especially old coins.

My positions in gold have all been closed. I am waiting for a nice rally to put on a nice skirt ( i'll try the chiffon number next, it's so cute ;- ) ) . If gold rallies to 310+ range and 'hangs out' for a moment than I'm on the phone. I am an options trader. It will be very hard for me to get burned on this gold thing. And I will be right on top if gold wakes it's ass up. Or, I will miss the boat...oh well...their will be dips on it's way to $500.00...or will it go straight up...hmmmmmmmmmm...

I agree with you regarding the hedges. Many a good profit has been taken out of an explosive move beforehand. But then many a good profit has been secured before the bottom drops out. I set goals and I rarely abuse them. My greed has mellowed. Now I don't want it all NOW...I can WAIT before i get it all ;- ) ) ) . I only suggest hedging partially and let other calls ride. I have been watching OJ/JO ALL summer and It has beaten me until now ( I have 'realized' profit ) ...hmmmmm...sound familiar gold bugs well.....don't get too attached to HOPE and PRAYERS.

HOOOOOYAAA!!

away...to minimize losses...

Éßlearning...!Öh M¥!...

Ted - a low level 1 intermediate range ballistic ( bean ) burrrrito wafting in your vacinity. Prepare for touch down...it won't be pretty. Save the wimmin' and doggies...

All - ready for more pushups We are just getting started. We will have this crew ship-shape in double time!! hooooya!!

go gold

away...to take some profits...oh my...

Éßeautiful$$

Tolerant you are right on about the US attitude. Even our president is behaving as an ugly American, especially at economic summits like at Denver and Madrid. He speaks of the US being at the pinnacle of power. He and America is completely deluded IMHO.

Iraq is a prime example. We may have won a battle, but we did not win a war. We never had control of the air space below stinger altitude. Bush was afraid ( even now giving more excuses ) that under stinger cover in urban areas of Bagdad it would have been Nam all over.

By the way, the whole Gulf war was a setup IMHO. Taking out a loose dictator which we installed, armed ( including the anthrax, right George? ) and supported up until he becomes inconvenient and we turn on him is a scenario which seems to repeat. No wonder we're the Great Satan.

From CIA asset to pentagon target, it takes about 10 to 15 years. What a nice way to keep the military industrial complex humming.

I'm sure that gold is not far from the minds of the pentagon planners as they plan how to divide the booty from the next war.

You're right about isolationism too. George Washington ( beware foreign entanglements ) would be rolling in his grave to see a carrier bearing his name interferring in the Persian Gulf.

BTW, the British did take Kuwait from Iraq, its historically theirs. Let them have it.

Now....for practice.......

EVERYONE!!! DROP AND GIVE BART TWENTY!!!! AND FOR ALL THE FAT DUDES/GALS....MAKE IT THIRTY!!! you will thank Bart in the end. And remember...this hurts him much more than it hurts us.

Thanks Bart!! Go GOLD!!!!

away...to shave my head...hoooowaaa!!!!!

Éß

Downunderators - G' day/eve...hey Nick ( inthecan ) ...been a while...yes, Aurator, I have been stifled...and what the hell am I doing up

Savage ( Dude ) - It was a bright cold day in April and the clocks were striking thirteen. 'E'ric 'B'lair aka G. Orwell I posted this curious similarity months back...sorry you missed it. And don't be so sure of bucking the current trend. It can hurt financially AND mentally...ouch The clock waits for no one...tick-tock, tick-tock...BONG! BONG! And you are welcome regarding the OJ call...you must have missed those bazillion posts also...

Gold - you are setting yourself up...again...

Colleen - I received all your mails. Thank you much. I am still studying. Will give you feedback when I have it. Thanks Dear ;- )

Ted - 8 - 0...¡Öh M¥!

away...to the Mark! ( get it savage? )

Éßedazzled

Tomorrow will be a new Kitco. I wonder what it will be like.

If an unidentified source can't find someone or some way to forward a message to us, then which of us are they really trying to reach?

It's the Long Valley Caldera acting up again. A lot of magma moving underground. If an eruption ever takes place there, it will make Mt. Saint Helens or even Mt. Pinatubo look like a small bonfire.

Here's some additional sites to check out.

http://quake.wr.usgs.gov/recenteqs/

http://quake.wr.usgs.gov/recenteqs/Maps/118-37.html

http://quake.wr.usgs.gov/recenteqs/Maps/Long_Valley.html

http://volcano.und.edu/vwdocs/volc_images/north_america/california/long_valley.html

Having only now been able to scroll through last night's obscenities, and applaud you for the stand you are making.

Dear Aurator: Thank you for my extra 'e' ! Yes, dealing with cycles is very frustrating! I see that financial cycles are equally enigmatic, but feel one has to investigate any new avenue, just in case! Wish I had JTF and Nick's fine abilities. Take care....did I glimpse that you are moving away from the farm?

Nick@C- What on earth is JGAI

The Gold Eagle/Digest Encyclopaedia doesn't seem to work, and I think, on behalf of all the unlearned Lurkers such as myself, that we desperately need to find some index of Financial Terms! Can you help? Thanks {:-}}

And HOW did you manage to get EB's wonderful characters? Just love his posts..

6pak- Thanks for great news post this am. Our local papers are useless, and I'm giving up on them!

Morning Savage- nice to meet you.

Please all wish me luck- this week momentous in my [property] life! Should lead to a golden future and the gold investment market..

Regards

Here how it'll work:

Contributors will submit a name ( handle ) and your email address to our server. An email auto-responder will immediately send you back your password which will be required in order to post a message. Your name will be inserted automatically into each posting, you need only supply your password.

Anyone who is totally obnoxious will find that their account is disabled. Anyone who wants to be relentlessly oboxious will need a lot of valid email addresses or a lot of friends. ( unlikely )

To EB: So sorry, we switched from a UNIX based platform to NT. Our programmer says NT doesn't like the non-standard character set.

To LGB: Maybe this is a good time to be respectful of the other contributors.

So difficult getting into Kitco - I get 10-12:59 from the previous day, and then cannot access from 12:59 to 23:59 on that day at all!

Anyone else having the same problem? By the time it does adjust itself [about 9am here] the day has begun, and there's little time to come into Kitco to see what's happening today, let alone what happened since bedtime last night!

I hope everything is going well for all of you? {:-}} It appears there's been an invasion and attack on the good people of this site - and not necessarily on those who post, but good lurkers as well.

Such a pity that the inherent decency within most people is degraded by a few.

Please just ignore them ? Bart has a GREAT site, and if we can find lemonade in this lemon, it is that their opposite [albeit puerile] view gives us another angle from which to view the whole. Thank them for that energy.

Take care.

We may have some influential individuals who frequent this site - who of course will not -- if what happened tonight is recurring. On the other hand they may not wish to also, if they cannot post because of privacy concerns.

wrong - but that's your privledge/problem, I'll fill in the blanks.

Gold will be at enough, to enjoy the rest of my life, on ( I will change

this to in ) my lifetime. That's all I need along with a tail wind

and smooth greens.

Bart - If a registration system will expose the hoodlums, where do I

send the money?

Any golfers looking for Christmas presents - I can speak highly of the

book Follow the Wind by Bo Links.

The ideal would be healthy dissention on this site, with all points of view expressed, so that the gold bugs don't get carried away with their own logic.

First the dollar has been rising the last few days, as well as long term rates dropping. The sp-500 shows a very strong 2-day rally, although my indicator of net buying in the NYSE ( all stocks rising above 2 standard deviations from the 40day MA ) is not even twitching. However, if stock prices stay up long enough to entice the baby boomers, this short term rally may continue. Worden, my stock data vendor is bullish on computer stocks -- they're usually pretty good short term ( days ) .

My take on all of this from up over is that the US markets are heading up for at least a few days more. Nick - Please take care on your shorts.

Long term, things are bearish.

Saddam is backing off, but the Middle East situation is far from over. Some of the Israelis are building houses in the Palestinian section.

Did you notice that Janet Reno has appointed 4 more special prosecutors for a variety of things? I have always felt she was honest -- and now she is on the warpath. Five all of a sudden, when on Sat there was only one. Reminds me of the A.A. Milne book - right, Aurator! And Now We Are Five

Japan seems to be in a state of short term euphoria. However, it will not take long for those euphoric individuals in the market to realize that little has changed in how the Japanese government is dealing with the failed banks, and new bank failures will fill the newsmedia.

Looks like your Elliot wave graphs predict a sp-500 TP around 970-980 in a few days. Above 980 bullish as far as I can tell, less than 980 bearish. I'll get the hang of this eventually.

I still maintain down under is more sane and rational. Still disagree?