You know the old saying; Shock me once, shame on me. Shock me twice? NFW! :- ) ) Goodbye ground straps!!!! IGBTs, tough luck.... The Fed will see to it that there are plenty of twenty dollar bills around to buy more IGBTs. :- ) )

Time to hit the hay. Gold looks like it will test the lows, but the stocks ( so far ) seem to want to go the other way. You know, THE OTHER WAY. Yes, that's right, up? Then again, buy Intel. They just cut prices on their 'low end' Pentium II processors. ( Snicker, snicker ) My, such short product cycles... It's got to be hell on the bottom line.

Good night all. HAPPY NEW YEAR where ever and whenever it happens.... :- )

BTW, temp down to 1.975 Degrees F ( Gee, does that accuracy matter at those temps? )

I think I have discovered the cure for this mania that is afflicting the masses! Passing a few hundred volts ( I was lucky, the caps were bleeding down, it should of been 2KV ) down the hand and out the wrist works wonders in correcting any brain dysfunctions. It works quickly, I might add. Also, I've got to thank the person who put those one meg resistors in the ground straps. Also, MOS devices can go to hell! No more anti-static straps for this boy while working on these toys...

Just think of it, pallet loads of $100 dollar bills floating down on South Korea and Asia in general... Don't forget to keep on chanting, There aint no stinkin' inflation to be found no where no how. :- ) )

G'Day,

Australian Stock Exchange homepage:

http://www.asx.com.au

Aye, Haggis

All: Just some thoughts from my perspective at 35,000 feet reference

human nature, etc.

Over the years my profession has taken me across hundreds of thousands

of air miles and has given me the opportunity to observe mankind at

both it's worst and it's best. Mostly I've noticed a change for the

worst among certain groups of air travelers.

The greatest change has occurred within the group I would call the

'Priveleged Business Elite'. Eating With the Sharks, Swimming With the

Pihranas and Negotiating With the Barracudas over the years certainly

has increased their wealth considerably. But at what expense? Many times

their grasp of basic manners or civility to their fellow travelers is

painfully and obviously missing. ( And what values are they passing on

to their offspring? ) . As I stand in the cockpit door, in uniform, very

few of them look me in the eye anymore or offer an

G'Day,

The best source of information covering on-going exploration activities in Australia and PNG can be sourced at:

http://www.oberon.com.au/Paydirt_Online/index.html

You may wish to take out a subscription to the respective magazines. A copy of the Australian Mines Handbook and CD will provide you with all the information you may require.

Aye, Haggis

G'Day,

You may wish to give your tonsils a tickle at Mid-night...........

The Traditional Scots Song for New Year

Auld Lang Syne, By Robert Burns 1756 to 1796

Should auld acquaintance be forgot,

And never brought to mind?

Should auld acquaintance be forgot,

And days of auld lang syne!

Chorus:

For auld lang syne, my dear,

For auld lang syne,

We'll tak a cup o' kindness yet,

For auld lang syne.

And surely ye'll be your pint stowp,

And surely I'll be mine!

And we'll tak a cup o' kindness yet,

For auld lang syne.

( Chorus )

We twa hae run about the braes;

And pou'd the gowans fine;

But we've wander'd mony a weary fit

Sin' auld lang syne.

( Chorus )

We twa hae paidl'd in the burn,

Frae morning sun till dine;

But seas between us braid hae roar'd

Sin'

All: Following is a re-try of an attempted post of 2 days ago.

All: Just some thoughts from my perspective at 35,000 feet reference human nature, etc.

Over the years my profession has taken me across hundreds of thousands of air-miles

and has given me the opportunity to observe mankind at it's worst and at it's best.

Mostly I've noticed a change for the worst among certain groups of air travelers.

The greatest change has occurred within the group I would call the 'Priveleged Business

Elite'. Eating With the Sharks, Swimming With the Pirhanas and Negotiating With the

Barracudas over the years certainly has increased their wealth considerably. But at what

expense? Many times their grasp of basic manners or civility to their fellow travelers is

painfully missing. ( And what values are they passing on to their offspring? ) As I stand in LkAmN

If anyone doesn't believe AG & RR are tough, just look at what they have overcome in the last 90 days. They can handle all foreseeable problems until inflation hits, IMHO. Then, it's a new ballgame.

Now, I realize that this would be a 'luxury' item, so I inquired about prescription glasses. Same results..........

Too many dollars around ( low interest rates ) , the value goes down. Too few dollars ( high interest rates ) and the dollars 'value' goes up.

Information I can 'manufacture' all of the information that you need to know, ... and then some. :- ) )

LGB -- Ever read the Bill of Rights or the Constitution? We were granted a Constitutional Republic in the U.S. of A. by the Founding Fathers. They gave us one admonition, to keep the Republic, if you can...

My question to you is - to whom in this forum are you referring? My more important question is, what service have YOU rendered to your country? Mayhap you are being somewhat frivolous with the sacrifices of other men, and the right to criticize that they have earned by unspeakable blood and horror. I would like to know this. Please inform me of the military branch in which you served, and in what conflict, and then perhaps I will be able to put your comment in some sort of reasonable perspective. Thank you.

G'Day from Kalgoorlie.

Value in the ground. Geological Resources and Mineable Reserves.

You may wish to check out the Australasian Institute of Mining and Metallurgy home page:

http://www.ausimm.com.au

then, left screen, hit Codes. These codes have a legal standing in Australia concerning the reporting of geological resources and mineable reserves. In the ground, as a rule of thumb, a geological resource may have a value of AU$ 10 to 50 per ounce, whilst a mineable reserve will form part of a bankable document hence market value.

You may also wish to reference Guide to the Evaluation of Gold Deposits Canadian Institute of Mining, Metallurgy and Petroleum, Special Volume 45, 1992, ISBN 0 919086 31 4. This gives you a fairly reasonable coverage of all issues related to gold deposit evaluation.

Have a GID NEW YEAR.

Aye, Haggis

Lists Options and Futures closing prices:

http://router.minot.com/~bohl/index.html

Great site for historical charts of all currencies converted into Gold, Silver, Platium, or other currencies. Can track up to five currencies on one chart and more.

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

Gold, Platinum and Silver dealer in bullion coins. Lists sell and buy prices. Daily quotes and good prices.

http://www.ajpm.com/

LGB? Anybody?

http://www.nymex.com/contracts.html

gold contract specification is here;

http://www.nymex.com/contract/gold.html

All evidence to date, continues to support my 9/27/97 kitco.com discussion-grp. post:

When the 'tent' collapses,

it will not be the center-post

that goes first;

it will be the side-posts,

and even the stakes.

....

In answering your question I will refer to the sacred

spreadsheet - which I have dispatched to some 25

lucky but probably confused recipients who are either

trying to fish the file out of the recesses of their

computer or , having done that, make some sense of it.

To add to the confusion, I have revised ddeeps from

the original sheet I sent to you sportsfans and I will

be sending a new sheet with ddeep done properly.

The file will be rich text - .rtf.

At a gold price of less than 350, ddeep is not attractive.

However, at a 400$ gold price, $1.62 for a share of DD

buys you $115 of profits on the gold in the ground

that DD holds. At 450, this rises to $256. By way of

comparison, 6$ for dries buys you $25 of future profits

at $450 gold. However dries gives you back $4.5 at $350.

Abx only gives you back $41 with gold at $450 for $19

spent now.

So, with gold at a $400 or so, DD is the most highly

geared of all. Harmony is a close 2nd, and starts to

break even at a lower gold price.

Thus, In my opinion, its a little early for a big

commitment to deeps ( as much as I like it ) . I'd rather

go for Harmony, or for randgold that owns both harmony

and deeps.

Similarly well geared mines are randfontein and

Evander.

I must congratulate you both on your recent postings - no I told

you so's, no neverending insults to Puetz, - absolutely marvellous.

Keep on the good - politeness is wonderful, isn't it.

was it you who also observed that the fall in the

gold silver ratio had followed a direct fibonacci

- 0.618 ( close as dammit ) I thought it

was ruined this morning when silver moved up against

gold but now things seem to be shaping up properly.

Imagine gold maybe moving UP against silver - that

would be nice. It is also very strong in dmarks, swiss,

and stirling

For Zee-

Tgl only surfaced to chastise me and run away - when

the Aurator unmasked him - he is a phantom of the

internet - floats like a bee - stings like a butterfly.

This is just a brief message to wish everyone all the best for holidays and the new year. I hope that 1998 is a good year for gold, which it almost has to be compared to 1997. But more importantly it should be a healthy and prosperous year for all regardless of whether the value of gold continues in the same direciton.

At the risk of assuming that the last trading day of the year will be unexciting, I thought this would be an appropriate time to post a gold graph of 1997. Unfortunately our offices are closed and so our computer guy isn't available to append it to our historical price and chart section. If anyone else has made one, I'd ask them to post it here even though it isn't bound to look very pretty.

TECH DEPT: I know, everything's going wrong. Our offices are closed for the holidays until Jan 5, 1998 while the website continues to run on auto-pilot. Our computers will be sent for some re-training on the return.

HAPPY NEW YEAR TO ALL !

Korean Currency Plunges as Debt Blows Out to $241 BILLION

Korean Currency Down 18% as Banks Bail Seoul

The ORACLE proves beyond a shadow of doubt that the only defense southeast Asians had... AND WILL HAVE - against the on-going currency chaos, stock market turmoil and the region’s crumbling bank system is to invest in GOLD. The staunchest and most fanatical anti-GOLDBUGS are obliged to concede to the irrefutable evidence that GOLD is the ONLY SAFE HARBOR vis-à-vis the looming and devastating Domino Effect engulfing the area:

http://www.gold-eagle.com/gold_digest/oracle121597.html

Last month I was thinking about taking delivery of gold so I called the COMEX and they faxed me this:

Chapter 13.12- Delivery of gold Paragraph ( g )

By the tender of a warehouse receipt for gold, duly endorsed for transfer, the endorser shall be deemed to warrant that the gold decribed therein weighs 100 troy ounces ( 5% more or less ) and is not less than 995 fine.

Now you have gone and done it. CNBC financial experts were talking this AM about how the Asian crisis was causing a liguidity crisis. This, they said, would make people look for safer places to put their money. Couple this with the fact that the short side risk was extremely high, and it would probably mean that gold would probably rise within the next twelve months. Their predictions are from $50 to $100.

You know, a little talk sometimes can go a long way. Do you suppose that the average investor, upon watching this, might want to buy a few ounces of gold? Do you suppose the reality of the giant short position is becoming a reality to more than us KITCOITES?

Allow me to make a prediction. Look for gold to test its low. This is so that all these shorts can have a chance to reverse their positions. Then

expect a one day move down as much as $10, followed by an immediate reversal with gold closing at or close to its opening. The game will then be on. This

'93 bottom to the '96 top at 263.79. That has

been followed by a 20 month down cycle which has

retraced 50% of the long term gain. This 50%

ABC type retracement has left the CRB sitting

just above the 65 week uptrending moving average.

Of course, we could see a further collapse

to the 220 area, but that does not appear necessary

from a TECHNICAL point of view. Monthly stochastics

are very oversold. Does anyone have a sentiment

indicator reading? I would imagine they are very

oversold, as one hears talk of nothing but deflation.

This would probably be a boost for the metals

if we get an upturn, as they are so oversold, and

one might anticipate another leg up on the CRB for a

year or two, during which we rediscover commodity

inflation.

Sir,

IF ever we should meet, I would be more than happy to buy you a Scotch Malt - you have got character. I would sincerely hope that we keep the chat friendly but competative. With respect.

Any interpretation is yours. The Scots are worse than the Irish, the Irish are actually nice people.

To you, I hope that you and your family have a GID NEW YEAR.

With respect,

Haggis

ps - the Hex River Valley does not compare with Glen Coe.

You cut to the chase! The pushing on a string concept.

enigmatic statement dead ducks are a south african specialty and

a reference to hong kong. Could you possible expand. I assume this

offerring of yours is not something derogatory but rather is of a constructive, positive, and affirmative nature. Am I wrong ?

For Haggis -

You trying to get a rise outta me, mate

Dont really get your drift - I assume it is some form of

obscure and pointless Scots insult. Thank you haggis and good bye.

While we are the subject of being gentlemanly - are you The Gartman

Letter

I now await apologies for the continous snide remarks to OTHERS

not me particularly from Karlito and LGB that have led to my horrid outburst.

For lgBUG and cherokee - I vote for cherokee.

I dont understand why the bug and Karlita -M69 - visit this site.

They dont offer anything to anyone - They only seem to want to say

how very smart they are - How boring.

I dont want to appear rude, but I think both of you are a obnoxious waste of space. If we want to trade insults, then lets get it on.

I suggest stinkbug and drag queen as new monikers.

You have to choose [as a voter] between trusting to the natural

stability of gold and the natural stability and intelligence of the

members of the government. And with due respect to these gentlemen, I

advise you, as long as the capitalist system lasts, to vote for gold.

George Bernard Shaw ( 1856-1950 ) .

Read the rest of this interesting speech by Mr Pomboy..........

http://www.gold.org/Pages/Home1.htm

the left column, Speeches, Coming Gold Bull Market

Aye, Haggis

PS NOTE ALSO that Asian Central Banks Gold holdings in 1980 were 37% of portfolio, down to 5% in July 1995. Silly Billies............

You have to choose [as a voter] between trusting to the natural

stability of gold and the natural stability and intelligence of the

members of the government. And with due respect to these gentlemen, I

advise you, as long as the capitalist system lasts, to vote for gold.

George Bernard Shaw ( 1856-1950 ) .

Read the rest of this interesting speech by Mr Pomboy..........

http://www.gold.org/Pages/Home1.htm

the left column, Speeches, Coming Gold Bull Market

Aye, Haggis

G'Day,

Chicken and the Egg...........the Egg cannot give you Hong Kong flu!

It is unlikely that compulsory voting will be with drawn in Australia, the average Aussie is fairly relaxed anyway.

Voting, well it is something that we have just got to do, and we do it.

Aye, Haggis

ps I became an Aussie 5 years ago, had the operation and all that.

G'day

http://satellite.nikkei.co.jp/enews/TNKS/stox/strend.html

It's winter in the northern hemisphere - but I think the ice is melting.

Aye, Haggis

G'Day,

The Coming Gold Bull Market..........

http://www.gold.org/Pages/Home1.htm

then search down left menu for Speeches, click, there you go.....

Aye Haggis

G'Day,

Thanks for your reply. Again, I have never been to the States so I really cannot grasp the situation. I am some what surprised concerning low poll turn outs. You don't by any chance have any statistics of poll turn outs since the turn of the centuary. It may be of interest to compare turn out, buying strength of US dollar, monetry supply, gold price...

I find it difficult to accept that voter turn out has been low over the years, it does not balance with the democratic process. The issue there after is simple - if your national leadership does not reflect THE PEOPLE, then the people are not reflected in the NATIONAL LEADERSHIP. The question there after is - America as a great power, is it rising or falling?

Professor Paul Kennedy ( Yale ) in his publication The Rise and Fall of the Great Powers dated 1988, pages 665-666, draws a comparison between the US and the ( ex- ) Soviet Union, points out that the laissez faire n

LGB, you said that you made some New Year resolutions - better start to work on it soon ;- ) Looks like you take a great pleasure to annoying a lot of people, even if it takes to stretch a truth a bit. Look, I am not so different from your investment philosophy, due to the fact that most of my money ( just like yours ) comes from 403K Now, you know very well that you can not buy physical stuff with 401K money ( paper lobby looked after their interest very well and wants all 401K money to go into paper ) . For that reason your statement

about 450% gains total since I started puttin the money in. I've ooutlined before where all these gains have now been placed, so I won't be redundant. A lot of it is in SIlver currently I'll tell ya that.

can not be true ( 401K money can't buy Silver ) , but it's a good way to irritate people on this site. You also post most of your paper rules, gold stinks messages on days when stocks go up and gold goes down ( then turn around and talk about Kitco people not mentioning bad times for gold )

No need to do that, don't kick the man when he is on the ground - markets take care of it ( at least for now, though it'll change! ) ;- )

on what kind of arm twisting or what kinds of carrots were offered to our banks to throw good money after bad? Rolling over a bad loan at a higher interest rate when the old loan at a lower rate can't be paid seems like preverse logic. I dont't get it.