http://www.geocities.com/WallStreet/Floor/7953/index.html

This would be of interest--if at all- primarily to Gann, commodity, and astro folk.

My take on gold is that its chart looks ominously like that of the US 30 year bond yield. The options are dangerously overvalued and suggesting a lower price, but being a goldbug of long-standing, I am naturally long...;- ) ) ) )

Hi MIke! Hi Aurator!

throat and speaks...

Is there a Kitco search engine for this Newsgroup?

The crowd babbles on. Perhaps they are deaf?

The crowd doesn't respond. Perhaps they are dumb?

He throws gold coins at their feet.

Alas, they are blinded by their greed and do not see the coins nor each other.

Kitcat glumbly dismounts the podium and follows the footsteps of another.

away...to the course

ÉßgotGeorgiaonmymind

Isn't wonderful how the human mind can make its own reality.

In the mean time spot gold has traced out a nice ABC counter trend rally into the upper trend line on the weekly ( see same chart ) . The hourly chart on June gold looks like it wants to go down fill the hourly gap at 305.

For Monday sell June gold 311.5, stop 313.5. Sell may silver at 6.40, stop 6.45. Objective 6.00. XAU should come back down to 80.

There may be some similarity between the stigmata phenomenon, and some kinds of illness. Some years ago, Norman Cousins, and Editor of Saturday Review ( I believe ) wrote a book called 'Anatomy of an Illness'. It describes his personal experience with Ankylosing Spondylitis ( -- or very similar disease ) . He was told it was terminal. He thought for a while, and decided that it would not hurt to concentrate on trying to think positively -- Humor was to be part of the self treatment. In a nutshell, it worked, and he was effectively cured.

My point in all of this is that the human mind is a powerful thing, and can actually affect reality -- in positive and negative ways.

One thing we might all think about on this Easter is that the future of humankind is a malleable thing -- if we all believe that bad things will happen, then we will react to events in a negative way -- and respond badly. If however, we think positively, and collectively think about how to make things better, they probably will become better.

Given that the millenium is just around the corner, there will be much talk about bad things -- some of which we can do little to prevent. However, we will make things much worse for ourselves if we concentrate on the bad things to the exclusion of good things. We must remember Norman Cousins experience with the value of positive thinking.

Happy Easter or similar religious experience, everyone!

http://www.newsday.com/ap/rnmpin0l.htm

I don't know what to make of this -- if it is true it shows how little we know about the reality around us. If we assume this is true, does it mean that someone who concentrates sufficiently on a topic, such as remembering the experience of Christ, can actually create personal stigmata? I don't know. Different religions put differing emphasis on specific religious topics -- so if such events truly occur -- they must be religion specific. I believe in a 'supreme being', and I certainly do not understand this.

Regardess of our religious background, I do know that our reality may be much richer than what our limited human senses can perceive.

Current examinations of the Shroud of Turin are just as mysterious to me. How could a photographic negative of what appears to be Christ's features be embedded in a piece of cloth dated from the time of Christ?

The technology to do this was supposedly thousands of years in the future.

Happy Easter everyone! Or regardless of your religion, happy contemplations of the religious aspects of human life.

http://www.hkabc.net/cgi-bin/mtl-cgi

We all realize that there is no national budget surplus. The current social security surplus is used for general government expenses and essentially social security is on a pay as you go basis. There is no social security fund. FICA payments, which for many people exceeds their income tax, is simply a tax. In fact it is not possible to establish an autonomous social security trust fund in the manner in which an individual can establish a trust fund. What investments other than government paper could fund such a trust ? Ah, there1s the rub. Only government investment in industrial securities would do the trick. Then what have you: old fashioned syndicalism in which government has its hands on control of the economy.

Setting up individual retirement accounts with social security money does not neutralize this outcome. Turning the average Joe into a market player will result in disaster. Remember the market goes down also. The government will have to bail out the average Joe or risk chaos. It will take his losing equities off his hands.

Ask yourself why the propaganda about privatizing social security is in fashion at this time. Is it pure coincidence that it is happening just when the Dow is moving towards collapse and the big boys in Washington know this very well. ( the euro challenge to the dollar will probably weaken the dollar raising interest rates and destroying the market ) . The government wants a powerful source of buying power to support the market and where can this be found other than in social security receipts?

To the extent that SS receipts are deflected into equities ( either directly by the government or by individuals ) the government is willing to forego its use of the SS budget surplus. As I read it this reflects an act of desperation on the part of Rubin and company. They dread a market collapse and the consequent political mayhem from all those uninformed believers in an ever onward and upward 50,000 Dow far more than a deficit which they can fund with paper. The country has lived with inflation for decades and while paper will push inflation and slow the market and even cause corrections, it will not in itself cause immediate collapse.

What is needed to forestall collapse is a source of buying power to reassure the little lambs that their equity positions are safe---at least for now. In the long run it matters not because the multi trillion dollar national debt can1t be paid and there has to be a washout. But Washington only thinks of the near term. Let the next administration worry about the coming chaos.

There is not as much danger to social security as is generally believed. A few modifications would do the trick. But the government does not want a solution.

Comments are welcome.

My conclusion ( the least controversial and least speculative of several ) is the Terrestrial earthquakes should also correlate with tidal forces ( solar/lunar tidal phase ) . The reason that this phenomenon is not obvious to all is that all ( underline all ) earthquakes are triggered by the tidal stresses -- not just the big ones. So -- 'micro' earthquakes should correlate will with solunar phase. Major earthquakes also appear to be correlated with the solunar phase, but it takes many years - decades for the forces to buildup to the point where a 'little' solunar tidal force can trigger them.

Hence the poor positive predictive value of solunar tidal forces.

On a more controversial matter, what electromagnetic earthquake precursors were you referring to? DC electric fields? DC magnetic fields? Or -- ultralowfrequency EM fields? Is this due to simple water infiltration of a loosening fault line, or is it more complex?

I have suspicions that our concept of 'charge' is inaccurate, and that very low frequency electromagnetic/gravitational interactions are much richer than we think. I suspect that there are some experiments done in Michaeil Faraday's time that may need reexamination. What I have learned over the years is that physical phenomena are often overlooked because simlified theories are developed based on experimental data. Sometimes the simplicity is overdone. One problem with scientists is that they are human, and there is a ( laziness ) tendency to focus on the current consensus about a physical model, and not the original raw data from which it arose. The truth about why gold makes a worthwhile currency is the same thing -- the data is there for all to see if they wish to see it.

LGB: I noted your post today. I know you are aware that sometimes you get heavyhanded with your posts -- and the essence of your posts are often a useful counterpoint to the often excessively bullish Kitco goldbug. However, you say that you are the perfect gentleman in real human interactions.

Why not consider every post you make a real, personal international interaction? Think about it -- when you converse with another privately, that is one-on-one. But -- on Kitco your conversations are read by thousands, perhaps more. I would like to think that as many as 100 countries might be involved. I think you know where I am heading.

All: Lets make Kitco even better this year -- even more international. All of us -- including myself -- need to improve their dialogue. We can still have the same dissention that makes Kitco posting and lurking so enjoyable. But -- we must control our conduct -- because we do not know who reads this site. If we all exert the necessary disciple, and avoid personal attacks, and similar things, I think we will find that more international posters will be tempted to post -- and our information gathering will become even more effective than it already is.

So -- I am not just making this plea for altruistic reasons -- I am making it for a practical reason -- that our knowledge base will improve.

Just like the prisoners dilemma -- good behavior actually has a practical benefit that all will gain from. Bad behavior -- and all will lose.

What really matters is total = internal + external gold reserves. However, that will be hard to evaluate while the EURO and individual European currencies coexist. My guess is that the Deutschemark is not going to vanish overnight, and probably not even on the current offical date when this is supposed to happen.

The EURO is going to exist as a currency basket for some time to come, and the transition to 100% trade only in the EURO will be a slow one, IMHO.

Date: Fri Apr 10 1998 11:27
Donald__A (@Aurator) ID#26793:

Your post at 204AM this morning says you are looking for a spike to tell you the top is in. Let me offer the following:

Dow/Gold Ratio on January 23, 1998, was 25.67 at the close. On March 23, 1998, the close was 30.54. That is a astounding gain of 4.87 ounces over 38 trading days, a gain of 19%!

In the 13 days from March 20th we have dropped to 28.78 over 13 trading days, a drop of 5.8%. Yesterday was the first setback but it sure looks spikey on the chart.

Date: Fri Apr 10 1998 11:27
STUDIO.R (@T#1....bring to the light.......) ID#288369:

the name upon the recording....for my eyes have weakened from the strain.

Date: Fri Apr 10 1998 11:21
tolerant1 (Studio_R - Hmmmmmmm, all that is a peach may not be Allman, Hmmmmm) ID#31868:

I must tell you I wear today the first of two rings to be hammered into hollow rounds. Hmmmmmmmm...two ounces of gold in the first, two ounces of platinum in the second.

I wear my heart on my sleeve and my financial beliefs on my fingers.

Lest you think I forgot about silver, I say nay, I have a thumb ring of silver that could be used for a door jam. But that word reminds me of the Summer and Georgia and a black and white album cover with lots of foot lockers filled to the brim with wires and electrical devices.

Date: Fri Apr 10 1998 11:14
tolerant1 (Aragorn III - Hmmmmmmmm...The last sentence...16:30 Apr-9 got me thinking...) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved

Einstein: There are two different conceptions about the nature of the universe – the world as a unity dependent on humanity, and the world as reality independent of the human factor.

Tagore: This world is a human world – the scientific view of it is also that of the scientific man. Therefore, the world apart from us does not exist; it is a relative world, depending for its reality upon our consciousness.

Einstein: Truth, then, or beauty, is not independent of man?

Tagore: No.

Einstein: If there were no human beings any more. The Apollo Belvedere no longer would be beautiful?

Tagore: No.

Einstein: I agree with regard to this conception of beauty, but not with regard to truth.

Tagore: Why not? Truth is realized through men.

Date: Fri Apr 10 1998 11:13
LGB (@ Prometheus...Skeptical) ID#269409:
Copyright © 1998 LGB/Kitco Inc. All rights reserved

Thank you. It's very refreshing to see a post from someone who understands both my motives, and my rationale for posting the way I do. I read the Skeptical Inquirer every month, and find it an EXCELLENT publication in teaching some of the basics of logical thought.

The folks who most vociferously attack me here, over this whole ANOTHER debacle, have demonstrated their mindset with the reverential fawning, cult disciple behaviour, that you would expect from those who have been conditioned to allow someone else to do their thinking for them. These folks would have made great Nazi's or Bolshevik's don't you think? Just give me a guru who's every word I can fawn over so that I don't need to think too hard on my own......

In any case, thanks for understanding the difference between mindless attack, and critical dissent for the sake of separating fact from fantasy.

Date: Fri Apr 10 1998 11:12
STUDIO.R (@T#1......as to this gold/silver partial backing of the dollar.....) ID#288369:

I'm guessin' 1:20.....based merely on the Silver Dollar ( approx. 1oz ) and the $20 Gold Piece ( the Eagle flies on Friday....from Stormy Monday Blues as performed brilliantly by Bobby Blue Bland...know him personally ( er, shook his hand ) ) .....

Date: Fri Apr 10 1998 11:06
lenaxe (Gold backing for the Euro should be reasonably high...) ID#263184:
Copyright © 1998 lenaxe All rights reserved

after all, the world is already awash in weak to very weak currencies. Why would we need another brand of wallpaper to hang?. The only accepted way to tell the world that the currency is strong ( THAT I KNOW ABOUT ) is by backing it strongly with gold. Then the Euro could be pointed to as a strong currency and possibly be worthy of being considered as competition for the dollar as a reserve currency. Otherwise, if it doesn't have strong backing and acknowledged as such by the world, it will likely tend to have the strength of one of the weakest links, like the Italian Lira. Then the only real major use for it would be at the toll booths and the newspaper stands.

Date: Fri Apr 10 1998 11:04
Prometheus (@LGB) ID#210235:

Skeptical Inquirer, July/Aug 95 How to Sell a Pseudoscience, #3, 4, 5, 9.
Feeling a little scorched this morning? I understand. It is a hotseat you have chosen for yourself.

Apologies to all. The article is not on their website and is much too long to copy.

Date: Fri Apr 10 1998 11:02
EB (@ the Masters...) ID#22956:

¡¡¡GO FREDDY!!!
away...to Augusta
Éß

Date: Fri Apr 10 1998 11:00
STUDIO.R (@This is a classroom of teachers taught by itself.....) ID#288369:

Sooner or later, they all come back....why not? all know there's plenty of green grass here at Kitco. Relax and Graze awhile.....

Happy Birthday Kitco!!!! and mike stellar....

Date: Fri Apr 10 1998 10:59
EB (Auric....and the wink museum) ID#22956:
-

YES. Below are London fix prices as emailed to me by Bart:

April 09, 1998 - London Fix Prices

AM Gold 308.35
PM Gold 307.65

¡Öh M¥! We have ANOTHER winner. I gotta tell ya' Auric, I thought that gold would be much lower by today. I do, however, still believe that it will go lower and the fact that it hasn't is NOT bullish for gold. imo. No news ( for gold ) is bad news ( for gold ) .
Now, where to make the donation? I don't know. I will let you make the call. Write the check to whoever you want....or........yes.........or........send ANOTHER wink to the museum. I collect 'em. uh huh. ;- )
away...to do the victory dance..... ( a second time ) .
Éßstillhumble ( ? )

Date: Fri Apr 10 1998 10:58
Prometheus (@223) ID#210235:
Copyright © 1998 Prometheus/Kitco Inc. All rights reserved

You wish to boycott the one who has apologized?

Liberty ( LGB @ Home ) ID#263379:
Copyright © 1998 Liberty/Kitco Inc. All rights reserved
This is LGB, on my home account. I wish to clarify, for the record, that it has never been my intent to drive ANOTHER from the site, or
to in any way question his right to post, and his appreciators rights to analyze his posts. We have a broad and diverse group.

My critical posts re ANOTHER, as all know quite well, have never been directed to him, or directed specifically at him, but more a
counterpoint to those who seem to be falling into cultlike behaviour. A counterpoint and different perspective has been my commentary, as
I try and provide on other topics as well.

As far as including gross insults in my posts, or ad hominim attacks, one need only read posts from the likes of PHinLA, Tolerant, et al, to
see a genuine example of what crosses much further over the line than anything I've ever written.

However, realizing that I have oft been rightly accused of being egotistical, contentious, and adversarial in my presentation, I apologize to
ANOTHER, for any insults or questions re his sincerity, motives, etc. On a forum like this, such things are difficult to ascertain. Like many,
I believe that it's ideas that are subject to scrutiny, not individuals.

For those who appreciate ANOTHER's writings, JTF and Allen specifically, apologies as well. I consider JTF and Allen, excellent
examples of class and civil conduct. Areas I freely admit need work in my Internet personality style. ( You'd never know me if you met
me in real life.... so civil and friendly it's almost disgusting! )

Goodnight

Date: Fri Apr 10 1998 10:55
tolerant1 (the EURO is garbage, nothing more than a partial promise...) ID#31868:

100% gold and silver...America will have to lead the way...the entire banking framework of the world is based on European tradition and an evil, sick, twisted wish by a miniscule percentage of humanity to enslave the decent, honest free men and women the world over.

Nothing less than 100% - nothing...

Date: Fri Apr 10 1998 10:47
themissinglink (Gold Backing) ID#373403:

When we say 15%-30% of the ECU will be backed by gold, are we talking about the percentage of total money supply or the proportion of reserves being hel as gold?

Lets say $1ECU trillion were issued. Would $300 billion in gold be held? Or would it be 30% of, say a 12% reserve requirement, so 30% of $ECU120 billion or $36 billion worth of gold.

Date: Fri Apr 10 1998 10:46
tolerant1 (suspicious) ID#31868:

You should have mail...

Date: Fri Apr 10 1998 10:39
Midas__A (In North America, the disparity between what is spoken and what it means is huge) ID#340459:

The Govt is out for a Tax grab of half a trillion dollars from tobacco addicted American smokers in the guise of teenage smoking problem.

More deaths and violence can be attributed to Alcohol than Cigarettes.

Date: Fri Apr 10 1998 10:30
223 (Tobacco Settlement falls through (& BOYCOTT LGB!!!)) ID#26669:
Copyright © 1998 223/Kitco Inc. All rights reserved

http://headlines.yahoo.com/Full_Coverage/US/Tobacco_Settlement/

Several news articles discuss the breakdown of negotiations regarding the proposed federal tobacco lawsuit settlement. IMHO some talking points are 1 ) if resettlement occurs inflationary and/or recessionary factors could mushroom as tobacco conglomerates also are heavily involved in the prepared foods industry and TRUCKING industry 2 ) the presidents new social spending plans are at risk so there will be a p.r. effort aimed at the plebs probably including alcohol, guns, MINING, chemical industry oil industry 3 ) constitutional issues regarding power of federal government versus industry blocks are yet to be fully defined but it appears that both sides of the aisle are involved in this attempted extension of federal powers 4 ) domino effect of actual settlement would put other hazardous product or polluting industries at risk including alcohol, firearms, oil, chemical and MINING industries 5 ) interesting basic shift of underlying power occurring as both US and European powerbases since 1600's have been keyed to tobacco so will ( in US predominantly Liberal/Democratic ) cocaine empires take over?

The upshot of all this is that I'm going to give further weight to the idea of rolling over more of my US mining stocks to Canadian and South African issues.

All IMHO of course. Just ignorant musings, no facts. Ain't no rokit skintiss heer!

Date: Fri Apr 10 1998 10:28
Suspicious (Tolerant1 ) ID#285121:

If my companies books were like the Fed's I'd be in jail. Tried to e-mail you tolerant. Hotmail not a gateway? Try me if you want at clayryan@hotmail.com

Date: Fri Apr 10 1998 10:25
Midas__A (@a.j. I believe that $650 billion was withdrawn from Social security pot as Operating expenses to ) ID#340459:

flaunt these Government Budget Surpluses..

Date: Fri Apr 10 1998 10:21
Midas__A (Happy Easter to all, Fava at LBME has projected a probable 20% Gold holding for Euro, Does anyone) ID#340459:
Copyright © 1998 Midas__A/Kitco Inc. All rights reserved

know or can find out what the current gold holdings of European CB's are and which ones may be short. The ones who are short would have to buy from CB's that have more and Seller's wouldnt give it up cheaply at that juncture. Canada, Australia, NZ, Hong Kong, Japan etc. would also have to maintain a like percentage in comparision to Euro to show that their paper is also firm and backed by Gold. Canada has already sold too much Gold and the C$'s consistent downtrend could be a factor directly related to these gold sales. If someone can calculate the current European CB's gold holdings in percentage terms to the paper floating currencies and arrive at shortage / surplus, we may be able to prudently forecast the uptrend / downtrend in coming months.

The current global gold demand / supply has not been reflected in gold prices due to paper derivatives. But EU requirements would change this as CB's that are lending/leasing Gold today may have to change / stop this to maintain the required percentage. In a world that thrives on credit and ever expanding money supply would also have to factor in this expansion while maintaining the required ratio.

Any comments on above logic ?

Date: Fri Apr 10 1998 10:20
a.j. (Use of the ~ tilde ~ in spanish words.) ID#257136:
Copyright © 1998 a.j./Kitco Inc. All rights reserved

AZTEC: Please don't take offense at this. It is my belief that precision in verbiage is a positive in communication.
Here's how to make the ~ tilde~ over the n.

Type your word to the point where the tilde~ is required; hold down on alt key and while holding it, type on calculator keyboard the numbers 164.
, Lo and Behold: An enyay ! Spanish pronunciation of the n with the tilde.
ñ as in mañana or sueños,etc.
Makes your prose look and read much more precisely than without the ~tilde~!
Muchas Gracias por su atencion, Hermano!! Buen Dia!! Marcha El oro!!

Date: Fri Apr 10 1998 10:08
tolerant1 (And this is reporTED as the truth, ah, ha, ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved

Budget surplus could top $50 billion as economy surges
Copyright © 1998 Nando.net
Copyright © 1998 Reuters News Service

WASHINGTON ( April 10, 1998 00:37 a.m. EDT http://www.nando.net ) - The surging U.S. economy is likely to push the federal budget surplus to at least $50 billion in fiscal year 1998, the Washington Post reported on Friday.

The newspaper, which based the $50 billion estimate on an internal Federal Reserve projection, also cited estimates by Wall Street analysts that the total budget surplus could soar to $75 billion or more if current spending and revenue trends continued.

The 1997 budget deficit was $22.6 billion, more than $100 billion lower than was projected at this time a year ago, and far less than the $290.4 billion deficit posted in fiscal 1992.

The Clinton administration earlier this year hailed official forecasts for a budget surplus of about $10 billion in the fiscal year ending September 30. It would be the first time since 1969 that the government spent less money than it took in.

The Post did not explain how it obtained the internal Fed projections.

But it noted that budget analysts were sharply raising their estimates of the expected surplus because of continued strong economic growth and booming financial markets.

Gene Sperling, chairman of Clinton's National Economic Council, told the paper the projections were still uncertain.

Until you get the key months like April, I don't think anybody knows for sure. Some of the numbers being thrown around seem quite optimistic in a world in which it is better to be conservative, he was quoted as saying.

Whatever the surplus turns out to be, our message is, we shouldn't turn our back on our fiscal discipline or drain a penny from the surplus until we fix Social Security, he said.

Date: Fri Apr 10 1998 10:07
Auric (An Act of Selfless Generosity) ID#255151:

In honor of two important birthdays, Mike Sheller and Kitco, I have decided to donate $50 to the construction of a new Gold Museum. This largesse will be bestowed to the fine offices of the EB Foundation. Go Gold!

Date: Fri Apr 10 1998 10:06
ROR (TED) ID#35767:

Mernin' Please give us wisdom like Another

Date: Fri Apr 10 1998 09:57
tolerant1 (HenryD - rethink this...) ID#31868:

At the outset...you are giving up on yourself...aside from that, you must agree that when you walk away you not only rob yourself, but others.

Go have a beer, a few shots of tequila...rethink this...

And then jump back in with both feet to the human rolodex that is Kitco.

Date: Fri Apr 10 1998 09:54
Ted (forget the weather report) ID#330175:

my computer is stoopid too~~~~~~

Date: Fri Apr 10 1998 09:53
Ted (Cape Breton weather forcast) ID#330175:

http://www.herald.ns.ca/cgi-bin/home/secfront?1998/04/10+NovaScotia

Date: Fri Apr 10 1998 09:51
Leland (History Doesn't Repeat Exactly, But Here's The One That Started The 1929 Crash) ID#31876:

http://www.stockmaster.com/sm/g/G/GE.html

Date: Fri Apr 10 1998 09:48
Ridgerunner (Time for reflection...) ID#409404:
Copyright © 1998 Ridgerunner/Kitco Inc. All rights reserved

Having been a constant lurker and infrequent contributor to this forum for over a year now, it seems to me that Kitco's 2nd birthday is a good opportunity for all of us to pause and reflect on the purpose of this forum and how we each interact in it.

I have appreciated the insightful posts of many Kitcoites who have provided fact-based opinions on both/several sides of precious metals issues.

I have NOT appreciated the cat fights between egomaniacs bent on one-upmanship. TAKE IT SOMEWHERE ELSE! Surely this forum should serve as an intellectual exchange of ideas, and NOT as a venue for the insecure, childish rantings of a selfish few who run off those with whom they disagree.

Finally, as much as I dislike his style, LGB has a point about the cliches used here as a substitute for new ideas. If the powers that be and similar phrases were dropped from the text of most posts, Bart's bandwidth requirements would be cut in half. I challenge all Kitcoites, myself i

Date: Fri Apr 10 1998 09:47
(ANOTHER wisdom loss) ID#152163:
Copyright © 1998 /Kitco Inc. All rights reserved

I am an older student of the wisdom offered by ANOTHER. I present to you some thoughts and inspiring words to this master.

Would a humble great teacher abandon his students and followers along the journey through the world of fasinating knowledge and thought.
Some have studied hard, believed and invested in the words of ANOTHER.
Collective forward information presented by many always presents disagreement and debate.
Standing strong while offering this knowledge during the process is a measure of courage and wisdom.

Mr. ANOTHER, your words have been measured, debated and appreciated, this unfolding gold/oil/world drama is just starting and what is needed is the class instructor.....

Date: Fri Apr 10 1998 09:41
Ted (Donald and 'Good-Friday' in Cape Breton) ID#330175:

Snowin like a SOB here~~~~~~~~

Date: Fri Apr 10 1998 09:29
MoReGoLd (@HenryD ) ID#348129:

Henry, don't let idiots drive you from the place you want to be.
Basically these idiots know full well who they are ( they have been told many times to their face ) , but are just unable to help themselves.
These are just troubled individuals with many deep psychological problems that you or I cannot help or change.
They vent their aggressions on any forums they can access.
Only they can help themselves and mend their ways.
They deserve nothing more than to be ignored.........

Date: Fri Apr 10 1998 09:28
tolerant1 (Mr. Mick) ID#31868:

And a Happy Easter to you as well.

Date: Fri Apr 10 1998 09:20
MoReGoLd (@LGB: I hope you are not as annoying to your family (if you have one) as you are to the KITCo Family) ID#348129:
Copyright © 1998 MoReGoLd/Kitco Inc. All rights reserved

Date: Thu Apr 09 1998 19:22
ANOTHER ( THOUGHTS! ) ID#60253:
Copyright © 1998 ANOTHER/Kitco Inc. All rights reserved

Mr. LGB,

I did come to Kitco with only my THOUGHTS to share. This thinking was offered to all and is as free as the wind. Even as my writings were discussed by many, I did never find you to be a fraud or a hoxier, as your words were offered with good intent. Please, find my words of record that were spoken against you, and show them, here?

I find not the reason for your purpose of speech! It offers a nature of confrontation and disruption for persons of simple ways and thoughts, such as I. As you have your direction for life, I have a purpose in life.

I wish you the blessing, to walk tall with wealth, for all your days, that one may complete the journey that is given for all to travel. I do instruct another to send my thoughts where ears do not bite!



Good Luck!



Thank You

Date: Fri Apr 10 1998 09:18
a.j. (STOLEN from an Arkansas webtalk forum.) ID#257136:

Patriots don't pay their taxes cheerfully, they pay
them grudgingly. Even under the best of circumstances,
good Americans ought to bridle at Washington's taxes -
just as their forefathers bridled at Britain's sugar
tax and stamp tax. Resistance to taxes is a hallmark
of our national character...Your ancestors raised up
arms to save themselves from the tax collectors. The
least you can do is raise your voice.
--Jeff Jacoby, Boston Globe
I don't recall exactly who Jacoby is, but he's A-O.K.

Date: Fri Apr 10 1998 09:13
Leland (Reality Check Time - What's Really Going On In Asia) ID#31876:

http://www.pathfinder.com/asiaweek/98/0410/cs3.html

Date: Fri Apr 10 1998 09:01
Mr. Mick (Lock&Lode - your partial meltdown scenario is very very plausible........) ID#345321:

total meltdown would mean anarchy, and IMHO the powers that be don't want that, they just want to move people in the proper direction - toward electronic currencies and away from tangible money.
Your analysis is very good.

Date: Fri Apr 10 1998 09:00
HenryD (*** A New Year's Beginning Marks The Departure Of ANOTHER ***) ID#36156:

What a shame. I mean, what was the point of all this?

With ANOTHER's departure goes a piece of our identity, our uniqueness, our objectivity...

At any rate, Happy Birthday KITCO, and Godspeed.

Bart; You can delete my two handles from your database:

HenryD
HenryD_A

Date: Fri Apr 10 1998 08:56
Leland (This One Will Make Your Gold Stash a Bright Idea) ID#31876:

http://www.pathfinder.com/fortune/1998/980413/fst.html

Date: Fri Apr 10 1998 08:50
Suspicious (IMF Funds / another lie ! ) ID#285121:

The Bubba Administration had me believing that the U.S. taxpayer contributed 18% of IMF funds. It is actually 52% of usable funds.
This kinda reminds me of a balanced budget that grows the debt by
78 billion in four months.

Date: Fri Apr 10 1998 08:49
Donald__A (@Ted) ID#26793:

Heavy downpours, thunder and lightning last night. Heading you way as Snow? Rain?

Date: Fri Apr 10 1998 08:21
HighRise (Gold & Currencies) ID#401460:
Copyright © 1998 HighRise/Kitco Inc. All rights reserved

LONDON ( AP ) - The dollar was mixed in thin trading in Italy, one of the few European markets open on Good Friday. Bullion markets in London and Zurich were closed.

Dollar rates in Milan compared with late Thursday's rates in London:

- 1.8209 German marks, up from 1.8195

- 128.96 Japanese yen, down from 130.10

- 1.5131 Swiss francs, up from 1.5124

- 6.1046 French francs, up from 6.0992

- 2.0457 Dutch guilders, down from 2.0484

- 1,799.5 Italian lire, up from 1,797.2

- 1.4252 Canadian dollars, up from 1.4245

The British pound was quoted at $1.6743, up from $1.6724 late Thursday.

In Hong Kong, gold rose 90 cents to close at $309.25 bid.

HighRise

Date: Fri Apr 10 1998 08:17
ForkLift__A (Gold) ID#324266:

Last night my children reminded be of another source of gold: And as ye would that men should do to you, do ye also to them likewise. Luke 6:31

Date: Fri Apr 10 1998 08:17
Donald__A (Israel says Iran has obtained Russian nuclear weapons; U.S. says report is not true.) ID#26793:

http://www.jpost.co.il/News/Article-2.html

Date: Fri Apr 10 1998 08:11
Ted (Mr Mick...& Easter-Good(?) Friday) ID#330175:

Bah humbug ( I want that stock ticker,damn it! )

Date: Fri Apr 10 1998 08:10
Junior (PGM's from Russia with Love) ID#248180:
-

Russia Inches Closer to Platinum Group Metals Export

MOSCOW -- ( Reuters ) Russian President Boris Yeltsin has signed a decree outlining 1998 export quota allowances for platinum group metals ( PGM ) , an official at the Finance Ministry said on Thursday.

But a separate government order was still needed before long-delayed PGM exports could begin, the official added.

The decree has been signed by the President, I believe last weekend, said the official from the ministry's precious metals and stones department.

But the government must also sign an order ( before exports can begin ) , he added. We will probably have to wait until the new government is formed for that.

Russian politics have been in a state of flux since Yeltsin sacked his entire Cabinet last month. The Duma, Russia's lower house of parliament, will vote on Friday whether to endorse Yeltsin's nominee for prime minister, Sergei Kiriyenko.

If the house votes in favor, Kiriyenko automatically becomes prime minister, and Yeltsin, after consulting the new premier, can formally appoint government ministers.

Political turmoil was blamed last year for prolonged delays in PGM exports. They did not begin until the second half of the year, pushing prices of platinum and palladium sharply higher.

The markets have also surged this year on Russian delays.

Russia supplies around 60 percent of the world's palladium demand and one fifth of its platinum needs.

Platinum and palladium are rare white metals used in a range of applications from jewelry to catalytic converters in car engines.

Precious metal trade sources have speculated that Russia may push through the government order outlining quotas for 1998 to coincide with Yeltsin's planned visit to Japan starting on April 18.

Japan is one of the world's biggest consumers of platinum and palladium.

Almazjuvelirexport, Russia's sole export agent of PGMs, was not immediately available for comment on Thursday. (   ( c )  1998 Reuters )

Date: Fri Apr 10 1998 08:10
HighRise (Test) ID#401460:

Kitco seems to be working now.

Thanks Bart - Great Site

HighRise

Date: Fri Apr 10 1998 08:08
Junior (@Blessed Passover, Happy Easter, Peace at the Haaj for Muslins) ID#248180:

I wish all posters a peaceful week of rememberance and peacefull celebrations. HE HAS RISEN, YES, TRULY HE HAS RISEN! God bless and keep you and yours. May everyone prosper and enter the city where the streets are paved in gold.

Date: Fri Apr 10 1998 08:06
Donald__A (Israel proposes currency reforms) ID#26793:

http://www.jpost.co.il/News/Article-0.html

Date: Fri Apr 10 1998 08:05
Mr. Mick (To all Kitcoites - Have a Happy Easter, (even you, Ted).........) ID#345321:

Donald, thanks again for the news posts. God bless us all.

Date: Fri Apr 10 1998 07:55
Donald__A (S&P says Japan MOF is vastly under-reporting the amount of bad loans.) ID#26793:

http://biz.yahoo.com/finance/980410/japan_bank_1.html

Date: Fri Apr 10 1998 07:54
Ted (Shipwrecks are fascinating) ID#330175:

http://www.herald.ns.ca/cgi-bin/home/secfront?1998/04/10+NovaScotia

Date: Fri Apr 10 1998 07:47
Donald__A (Oil glut continues in spite of OPEC cutbacks. Excess now at 1.5 million BPD) ID#26793:

http://biz.yahoo.com/finance/980410/oil_iea_1s_1.html

Date: Fri Apr 10 1998 07:37
iAtolU (Happy Easter to Kitco & All) ID#420116:

Freedom to choose is the most perfect gift, and the most horrible curse. You are who you've chosen to be. You can be who you choose to be. May you be proud of the choices you make today.

Thanks for all the great posts.

- A.I.

Date: Fri Apr 10 1998 07:37
Donald__A (Estimates on cost of yen support vary from $3 to $10 billion dollars Friday) ID#26793:

http://biz.yahoo.com/finance/980410/boj_friday_1.html

Date: Fri Apr 10 1998 07:32
Donald__A (Taiwan stocks down 1.87% on intraday tech sector reversal and selloff) ID#26793:

http://biz.yahoo.com/finance/980409/taiwan_sto_2.html

Date: Fri Apr 10 1998 07:28
Donald__A (Silver price dependent upon Buffett and India) ID#26793:

http://biz.yahoo.com/finance/980407/silver_pri_2.html

Date: Fri Apr 10 1998 07:16
Ted (I am STOOPID) ID#330175:

aot=ALOT you moron ( Good Friday or NOT )

Date: Fri Apr 10 1998 07:14
Ted (Poorboys & AK-47's---bullet-proof vests-OJ knives) ID#330175:

won't need em on Swans Island----there is aot more crime and warped behavoir in good ole Cape Breton....Loonie still lookin sick~~~~~

Date: Fri Apr 10 1998 07:05
Ted (What's the 'big-deal' with Good(?) Friday) ID#330175:

I hate three day weekends!---Happy B-Day Mike!

Date: Fri Apr 10 1998 06:38
Mike Sheller (Happy Birthday Kitco) ID#347447:

Yes, my birthday was yesterday, but as John the Baptist said, One who is Greater comes after me...that would be Kitco itself, on April 10th. Today. Also one very auracious poster who will not be named was born on April 10th as well. Happy Birthday Kitco. And a blessed Easter and Passover to all who observe, celebrate, or hold a place in their heart for these holy days. Peace gang.

Date: Fri Apr 10 1998 06:02
Hedgehog (Alabama Sweet home Alabama oh sh!t ) ID#39828:
Copyright © 1998 Hedgehog/Kitco Inc. All rights reserved

ALABAMA AND GEROGIA DECLARED
DISASTER AREAS AFTER TORNADOS
Friday 10 April, 1998 ( 6:41pm AEST )





US President Bill Clinton has declared parts of Alabama and
Georgia disaster areas, after a tornado packing winds of up to
400 kilometres an hour ripped through the two states, leaving
at least 38 people dead.

A helicopter with a sensor to detect body heat has been flown
in to help find the dead and alive, and rescuers are going
from one wrecked house to the next, saying they'll continue
to look for victims through the night until they're confident
everyone is accounted for.

Violent weather from the same storm system has also killed
five people in Georgia and one in Mississippi.



Return to the World News Menu

plus ...news from the Asia Pacific Region in Indonesian, Chinese and Tok Pisin

© 1998 Australian Broadcasting Corporation
Fri Apr 10 19:00:00 1998 ( AEST )

AEST = Australian Eastern Standard Time bama

Date: Fri Apr 10 1998 05:54
Hedgehog (James) ID#39828:

No it dont. Sarah Maclaughlin...Working on a mystery Leonard
Cohen, B.T.O., .......talented dudes you Canadians.

Date: Fri Apr 10 1998 05:19
James (Incongruous@Equity & AU mkts) ID#252150:

As I drove home tonight in Victoria B.C., after a nice dinner with friends, I listened to the top Country & Western song in the U.S. by a female singer. That singer's name is Shania Twain, a Canadian girl who is from northern Ontario. How the top Country & Western singer in the U.S. could originate from the wilds of northern Ontario, makes about as much sense as the way the equity & AU mkts have been performing over the last several years.
They don't make any sense, & those that try to use logic to understand them are doomed.

Date: Fri Apr 10 1998 05:09
Jack (IF? OR BURN BABY BURN) ID#252127:

If as some posters are saying, that Anothers high price prediction is being used by......the one, the only UBS hack Andy Smith to make gold bugs look bad, then, I say that Another has someone running scared.
While $30000 is a bit high, we can, without a doubt say that $300 is way to low and one must fight fire with fire.
I respect you MR. ANOTHER

Date: Fri Apr 10 1998 04:48
HighRise (Kitco Problems) ID#401460:
Copyright © 1998 HighRise/Kitco Inc. All rights reserved

I have been having some major problems accessing the Kitco sites. They won't open or take a long time to open. And when they do, many times they do not update or have old information.

I have e-mailed Bart and he has responded, asking which pages. It seems to be all.

I have no other problem with other URLs.

Please post here if you are having or had any problems.

The Gold graph is flat line I assume that means the markets are not open?

I have had the graph stop updating just before the NY closing and remain disfunctional until 4am?

Any notes or comments would be appreciated.

Thank You,

HighRise

Date: Fri Apr 10 1998 04:47
Jack (YEN SHORTERS........BEWARE) ID#252127:

http://quotes.yahoo.com/m5?a=1&S=USD&t=JPY

Date: Fri Apr 10 1998 04:24
Poorboys (Let The Sun Shine In) ID#224149:

Happy Birthday MIKE —Watch that Mars Square Neptune –Not a good time to speculate –Maybe -- Maybe not –One for Old Cole

Date: Fri Apr 10 1998 04:07
Poorboys (The Right Stuff --American Landing 1998) ID#224149:

Ted –Good Morning –I know you still have a few days left in this beloved country Canada before you leave, make sure you stock up on some Guns, Knives, Especially Bulletproof vests ----Nobody likes a dead Kitco Goldbug from Canada –Don’t wave the Canadian Flag and then buy German Marks –There still hunting for EB –Remember Chretian needs that tax money ---Happy Tax Return – Oh My---just when the C$ is a buy?

Date: Fri Apr 10 1998 04:07
Strad Master (TWO important Birthdays!) ID#250297:

ALL: While we are wishing Kitco a Happy Birthday we should not overlook the fact that Mike Sheller - Astrologer, Financial Maven, and All-Around Nice Guy - celebrated his Birthday yesterday, April 9. He's too modest to put it up himself, so I'm doing it for him. HAPPY BIRTHDAY!!! Hip! Hip! Hooray! for Mike and Kitco!!!

Date: Fri Apr 10 1998 04:04
Hedgehog (Another thought) ID#39828:

Guru's moon, all clear for landing.

Date: Fri Apr 10 1998 03:49
JOE Smith ( Huge Commodity melt down after Easter) ID#24869:

It was reported today that a spokesman from Cadbury--Schweep---,that due to unprecedented cold weather it would melt down its OLD Gold Chocolate stocks,something like 2000 ton. They then will enrobe some of the EB stocks and give them away as samples in a new promotion.

What a wonderfull idea--it would make us all happy

Happy Easter all

Date: Fri Apr 10 1998 03:37
Jack (HAPPY BIRTHDAY TO KITCO and a prost to the guys IN THE WHITE HELICOPTERS) ID#252127:

Date: Fri Apr 10 1998 03:36
Poorboys (yes --- Morning has boken ---Cat Stevens) ID#224149:

Prometheus ( @LGB, RJ, Poorboy ---All in the same basket ---Could be very Explosive –Good Day and let the words be dynamically of pixel density.

Date: Fri Apr 10 1998 03:29
Jack (LBJ or LBG, IMO one of them full OF bull, quess who) ID#252127:

Date: Fri Apr 10 1998 03:26
aztec__A (@Sharefin) ID#255304:

I just saw your 1:58 post. Sorry I didn't respond till now. Your familiy's relationship with the sea is honorable. I too have the honor of having a captain in my geneology. He is a good man, against the haul sein nets, who earns a living some months out of the year in Alaska.

G'day sir

Date: Fri Apr 10 1998 03:25
Tyro (@ All - A Plea to Your Sensibilities) ID#369174:
Copyright © 1998 Tyro/Kitco Inc. All rights reserved

Copyright Kitco

I have been lurking/posting on this group for about a year. The recent spate of personal attacks, smears, and inciteful statements are disgraceful. Recently quite a number of regular posters have been so offended that they have left this forum, IMHO to our collective loss.

Please, PLEASE, EVERYONE read before posting any messages. This world is already too uncivil without our adding to the malady. Most of us feel that a return to the monetary practices of pre-Federal Reserve Act will be a benefit to mankind; perhaps a return to the polite discourse patterns of that era would also be beneficial.

Date: Fri Apr 10 1998 03:23
Jack (LBG KING OF KITCO ) ID#252127:
Copyright © 1998 Jack/Kitco Inc. All rights reserved

LBG you talk IN EXTREMES; to compare gold's 79 high with
todays comparatively low price against the DOW
gymnastics from 1982 to today's high indicates that your
mission is one of self indulgence to prove yourself THE
KITCO KING.
Then you go on to compare these extremes to real estate
prices in San Francisco/SanJose during that period.

No one -that is sans LBG- knows for sure the number of
people -if any- who were caught in the poorly erected
plot showing gold as the poor investment and based on
your own selected terminal points.

What of the person who sold gold at $800 and placed his
money in short term treasuries and collected high
returns thru 1981 and then placed those funds in 30 year
treasuries collecting high interest until he sold out
after the 1987 crash and then went promptly into the
DOW, then gold in 1993/94 and back again to the DOW.
What I'm trying to point out is that there are so many
possibilities and no one knows for sure who did what and
for NOW it's best that we concentrate on the present.

Please don't degrade posters by assuming they are stupid
while spinning tales of your stock market conquests.
Degrading those whose THOUGHTS differ from you, lest
the comparashion of a flea on the elephants butt may
appropriately fit you.

Give your opinions of the markets, not your opinions of
others beliefs.

Date: Fri Apr 10 1998 03:12
Jack (LBJ KING OF KITCO ) ID#252127:
Copyright © 1998 Jack/Kitco Inc. All rights reserved

LBJ you talk IN EXTREMES; to compare gold's 79 high with todays comparatively low price against the DOW gymnastics from 1982 to today's high indicates that your mission is one of self indulgence to prove yourself THE KITCO KING.
Then you go on to compare these extremes to real estate prices in San Francisco/SanJose during that period.

No one -that is sans LBJ- knows for sure the number of people -if any- who were caught in the poorly erected plot showing gold as the poor investment and based on your own selected terminal points.

What of the person who sold gold at $800 and placed his money in short term treasuries and collected high returns thru 1981 and then placed those funds in 30 year treasuries collecting high interest until he sold out after the 1987 crash and then went promptly into the DOW, then gold in 1993/94 and back again to the DOW.
What I'm trying to point out is that there are so many possibilities and no one knows for sure who did what and for NOW it's best that we concentrate on the present.

Please don't degrade posters by assuming they are stupid whike spinning tales of your stock market conquests. Degrading those whose THOUGHTS differ from you, lest the comparashion of a flea on the elephants butt may appropriately fit you.

Give your opinions of the markets, not your opinions of others beliefs.

Date: Fri Apr 10 1998 03:01
Poorboys (Man for Many Seasons) ID#224149:

PH –Ignore my posts ------I follow George Old Cole ---My big hero----About toooooo make 7 figures next week –That’s my man ----Put him in the movies ---The new Ringo Starr –Give the man a cigar ( Cuban ) If Gold goes up ---maybe a correction or consolidation or the time factor or the slant factor or the wave factor –Gold goes down ---all of the same ---but the date could change?

Date: Fri Apr 10 1998 03:01
Tyro (I disavow copyright on previous post.) ID#369174:

Bart - I tried to click on No one, but it didn't work.

Date: Fri Apr 10 1998 02:59
aztec__A (@Myrmidon) ID#255304:
Copyright © 1998 aztec__A/Kitco Inc. All rights reserved

I'm going to try the Harmony short term up than the Durban Deep Medium term up plan. This decision is based on ounces.
It is my opinion that portfolio investors look for the largest firms whenever they change their investment ideology. Venturing into the metals sector after such a 24 month decline might leave a lot of midtown yuppies a little leary. I believe the profitable youngsters will take a chance on the metals sector but only initially with the larger firms. Harmony is a major player so I believe any rise in gold will attract wall street attention to it's value before the others.
In the event gold continues the quest to it's rightful place as the basis of a global medium of exchange, than any firm involved in it's extraction is a nifty buy. The key is ounces and on a $ for ounce basis SA is presently the buy. Tell Mr. Cabeza de Queso that ounces are ounces. Investment in SA is merely buying gold at relative pennies on the DOW dollar.

Good evening gentlemen
Adios
Same Bat Channel, Same Bat Time!

Date: Fri Apr 10 1998 02:56
Prometheus (@LGB, RJ, Poorboy) ID#210235:
Copyright © 1998 Prometheus/Kitco Inc. All rights reserved

So I've been thinking, since Pete's scathing rhetoric flaming at me a couple of days ago, if this ANOTHER guy is a real fraud, he's going to pick up on Pete's threat to me as his best bet to disrupt the forum, and threaten to quit posting. Was Pete's threat something like And if ANOTHER stops posting because of your insults a pox on your house or some such.

And then, tonight, in his own special way, the post comes, and later becomes translated.

I awaited someone saying, like RJ a couple of weeks back, HE TOOK THE BAIT. No. Not a chance.

Last year, I was invited to a new age church service. I watched an actor spin a yarn I recognized from many previous viewings, across the country. When I expressed my opinion, it was disregarded entirely. Everyone comes to the church with Their own baggage and it is only the reflection of their experience that they see. Experience becomes an impediment, not an asset.

Consider this, my friends. Whoever this another fellow is, he is very, very good. A pro, for sure. This is not an amateur job. Furthermore, his recent,high prediction is being used in an international forum by Andy Smith to make us look like yokels.

Best wishes and hope that for the future on this schon Geburtstag.

Ed Hart used to say, All will be revealed in the fullness of time.

Date: Fri Apr 10 1998 02:53
Tyro (The Contrarian's View, by Nick Chase, March 31, 1998) ID#369174:
Copyright © 1998 Tyro/Kitco Inc. All rights reserved

So am I a visionary, or just a crackpot, for seeing perilous times shortly ahead? Time will tell, but it is already clear ( to me, if not to anybody else ) that we will have a stock-market meltdown.... we're well
past the point of no return, it's unavoidable.... and there will be serious Y2K failures in the year 2000.

QUOTES FOR THE MONTH 'I thought that my stories of interest had ended with my sentencing and being sent to the prison hospital facility here in Fort Worth. Until my friend Jim McDougal died last Saturday night. I believe that he was murdered! So does every other inmate in this prison. All 1,442 of them. So many bizarre things occurred last Saturday afternoon that the government's story doesn't hold much water. It started at 4 o'clock count when an olive drab Blackhawk helicopter with NO markings on it whatsoever, landed outside the fence of the prison. Count was completed and we went to dinner. Upon completion of our evening meal at 6:05 the helicopter took off and flew over the compound at maybe 150 ft. Hundreds of us saw this helicopter take off. At 6:10 the compound was locked down and at the same time Jim was
taken to give a urine specimen for drug testing which is very odd in itself because he's not here for drugs.... he was injected with a drug in the clinic, supposedly 'Lasix' to make him urinate, then put into
the hold by himself, where he died. It was not the right time for urinalysis; he was not taken to the right place where it's done; he shouldn't have even had a UA, and even though a doctor had previously noted on his file that he had urinary tract problems, and should not be forced to urinate on command, he was given an injection of what was said was 'Lasix,' a diuretic. He was taken to John Petersmith Hospital,
which is odd in itself, because ALL inmates are taken to Ft. Worth Osteopathic Hospital where the....[Bureau of Prisons] contract is. I am NOT a black helicopter conspiracy nut. I saw this with my own eyes close enough that I could have hit it with a rock. - Ft. Worth Federal Prison inmate, name withheld for his safety, in a March 11, 1998 letter '

http://fennel.assumption.edu/view/1998/view0398.htm


I would also like to say, Happy Birthday, KITCO!!! Thanks, Bart. I cannot find the words to express my gratitude to you, and to all of my fellow Kitcoholics ( if I may be so presumptuous to include myself ) .

Date: Fri Apr 10 1998 02:43
fundaMETAList (Hi All, Hi Tol, 3 Cheers for EJ, Happy Birthday Kitco...) ID#341214:
Copyright © 1998 fundaMETAList/Kitco Inc. All rights reserved

EJ: Good form at your 00:31. I hope others will give serious consideration to your words in the first paragraph and be encouraged to take a closer look at Y2K.

Now that you've taken that first step, what's next?

All: Back in January or thereabouts I was postulating on the subject of a Federal programmer draft. Did you catch the recent news items where someone in the GAO ( I think ) was thinking outloud on that very subject. If any of you printed off the Programmer Draft Executive Order that I did you just might get a chance to compare it to Clinton's sometime in the next year. Mine is dated April 15, 1999. Tick, tick, tick...

Date: Fri Apr 10 1998 02:40
John Disney__A (Well there you go) ID#24135:

for Salty
Can TWO unlicensed soothsayers be
WRONG simultaniously.
Unthinkable.. Id sell more except
the markets are closed.

Date: Fri Apr 10 1998 02:28
mozel (@Preacher @Bart @All) ID#153102:

@Preacher Give us PARABLES.

@Bart Happy birthday to your creation. You have the most honorable title of Patron. Great works require great patrons and Kitco is a great work.

@All Now soon upon us is another anniversary of the resurrection of the messenger who delivered to mankind THE GOLDEN RULE. Joyful is the day.

My thanks to all of you most extraordinary individuals for sharing your knowledge and insight. G'night, pards, mates, cousins, brothers, et. al.

Date: Fri Apr 10 1998 02:24
aurator (Kitco Birthday Jubilee) ID#257148:

Eldo
If agreement to forgive is all that is required, you have mine.

Date: Fri Apr 10 1998 02:23
Tyro (Aztec) ID#369174:

see Date: Thu Apr 09 1998 19:22
ANOTHER ( THOUGHTS! ) ID#60253:

Date: Fri Apr 10 1998 02:21
PH in LA () ID#225408:

Poorboy:

If you aspire to draw me into debate, you will have to do two things first:

1. Think of something to say.

2. Learn to say it so it can be understood.

Failing to do both of the above will result in my continuing to ignore you.

Date: Fri Apr 10 1998 02:21
Myrmidon (@ aztec) ID#339212:

Hot? We haven't seen anything yet.

Which of the three SA golds have you decided to buy?

Date: Fri Apr 10 1998 02:20
Eldorado (@the scene) ID#173274:

Aurator -- It CAN be done if the people 'allow/will' it to be done.

Date: Fri Apr 10 1998 02:18
Tyro (Is the Sleeping Tiger finally starting to stir?) ID#369174:
Copyright © 1998 Tyro/Kitco Inc. All rights reserved

On Tuesday, I attended my local voting precinct party caucus. ( For those unfamiliar with one way that the US has for selecting candidates, the voters of an prescribed area ( precinct ) belonging to one political party ( democrats, republicans, etc. ) meet to select representatives to attend county and state caucuses/conventions to vote on who will be on the ballot in the primary election. Usually one, two or three candidates are selected. The primary election narrows the slate down to one candidate for each party, who then are the candidates for the general election in November.

Anyway, my precinct probably has a few hundred voters from my party. Only about a dozen people showed up for this caucus.

In addition to selecting 'electors' for the party conventions, the precinct can develop five position statements that will be used to develop the 'party planks' for local and state conventions. I suggested one supporting the second amendment ( the right to keep and bear arms ) . What was surprising to me that when I suggested that We demand that elected representatives support the 2nd Amendment and the right of the People to keep and bear arms, everyone there emphatically supported the word demand. People are getting fed up. Granted, 12 out of a few hundred is not a lot, but the attitude was different from the caucus I attend a couple of years ago. Palpable. Now if only I had suggested returning to lawful, constitutional money. Hmmmmm, maybe next year won't be too late.

Oh yeah, I don't care, I bought more. Go gold.

Date: Fri Apr 10 1998 02:07
aurator (tabula rasa) ID#257148:

Eldo
Now that's a good idea, declare a jubilee, forgiveness of past hurts, wipe the slate clean and start again.

bb

Date: Fri Apr 10 1998 02:06
sharefin (Suharto rules - okay) ID#284255:
-

http://www.scmp.com/news/template/templates.idc?artid=19980410002729038&top=mar&template=Mar_Article.htx&maxfieldsize=4103

Suharto underlines his credentials for power
In politics, there are gentlemen and there are players. For the most part, Asia's political class buckled under the stress of collapsing financial markets, signing over their economies to the International Monetary Fund.

That might have been the rational, even decent, thing to do, but it has probably ensured the death of ruling political-bureaucratic elites across the region. In the face of Western economic might and apparent intellectual supremacy, long strident Asian politicians blinked first and did as they were told.

An impoverished Indonesia indiscriminately stripping natural resources for hard currency is hardly a happy prospect for its neighbours.

Yet, in the game of politics, winning is what counts. On that score, Mr Suharto assuredly ranks as a player.

Date: Fri Apr 10 1998 02:06
aztec__A (@Myrmidon) ID#255304:

No, I'm just a small frog in a very large and dirty pond. Fortunately I've had the pleasure of living with and learning from both the Scottish and English. Sorry to mislead but I find some of their vernacular more enjoable than the US options.

Kind of hot today. Huh?

Date: Fri Apr 10 1998 02:04
aurator (a little bird told me) ID#257148:

Son of Crusty
We are in agreement. I am looking for a serious sharp spike before I say this worm has turned.

Date: Fri Apr 10 1998 02:04
mozel (@T1 @Eldorado) ID#153102:
Copyright © 1998 mozel/Kitco Inc. All rights reserved

@T Tolerance of evil is no virtue as you know. Neither is suicide. Outlive the wicked.

P.S. LGB offended my sensibilities, too.
P.P.S. The overhang of overcapacity, the child of greedy fiat lending, can be erased with the magic of bankruptcy healed with more lending on the good faith and credit of the host country government. Then the factories can carry on at lower price levels. As Eldorado puts it, so long as there is confidence in the con, the game goes on. When the jingle of coin breaks the spell cast by the magic of compund interest on paper, the jig is up. Harmoniums. Rangiums. Durbaniums. First people notice the debt can never be repaid. Then people notice the interest is taxation. Then doubt begins that the interest can be paid. Then, the ears open to the jingle of coin.


@E As Kipling put it, East is East and West is West and never the twain shall meet.

Date: Fri Apr 10 1998 02:03
Eldorado (@the scene) ID#173274:

Before I retire for the evening, and perhaps for the whole day from here, I do want to wish this KITCO forum a happy birthday. Thanks Bart! I believe, in spite of the various food fights that have evolved/revolved here, that a lot of good information has been disseminated here. And For any and all that I have, or may have, 'slighted' here, I offer my humblest apologies. Let a new year start afresh!

Date: Fri Apr 10 1998 01:59
John Disney__A ( Who am I to say ) ID#24135:

For tsclaw...
You ask me how low I think gold
will go in this correction
These questions are better directed
to Bernatz XII who has direct lines of
communication to the BIG GUY.
My son ( ex unlicensed soothsayer in
past life who came to sticky end ) predicts
a retest of 275 low and maybe a BREACH.
... this based on the dreaded waves of
monsiour elliot.. I dont believe it but
I have very weak occult connections.

Date: Fri Apr 10 1998 01:59
aztec__A (@ J Disney) ID#255304:

That's the beauty of a hobby. I can sit for the long term or surf the short term waves. My objectives sit 6 years out. Someone on this forum stated that it seems as though gold takes 10 steps forward and 9 steps backward. I'll be watching!

What is all this chatter about ANOTHER's post. When did he post today?

Date: Fri Apr 10 1998 01:58
sharefin (What's in a name?) ID#284255:

Aztec

A Geordie was a name of a group of people who came from a region around the SW? of London.

The name means worker of the land

We named our oldest boy 'Jordy'
In honour of this
As I had always lived far from home
Working on the sea as a fisherman.

Date: Fri Apr 10 1998 01:54
Myrmidon (@ AZTEC) ID#339212:

a JORDIE is a person who was born in Northern England ( UK ) . I thought that your statement me dad sounded British. This expression of me substituting my is common in that part of the world.

Date: Fri Apr 10 1998 01:52
sharefin (More - from a Japanese perspective ) ID#284255:
-

http://www.japanecho.co.jp/docs/html/250206.html
East Asian Problems and Prospects
~~~~~~~~~~~~~~~~~~~
http://www.japanecho.co.jp/docs/html/250207.html
The Importance of Financial Self-Governance
Observing the failure of Japan's financial system and the framework of the policy responses to it last November and December, I concluded that the only solution is to refocus on self-governance, the underlying principle of democracy. The course of developments from the emergence of the speculative bubbles in the latter part of the 1980s through the prolonged postbubble stagnancy of the 1990s may be termed a defeat for the Japanese economy
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
http://www.japanecho.co.jp/docs/html/250209.html
Lessons of the Southeast Asian Meltdown
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
http://www.japanecho.co.jp/docs/html/250210.html
Will Japan Trigger the Next Crash?
The initial trigger for the simultaneous decline in world share prices this past October was the collapse of the Hong Kong stock market. The world's bourses are still in dangerous waters, and another simultaneous plunge could come at any moment. In fact, the possibility is increasing rather than decreasing. It is by no means certain that the next crash will be triggered by Hong Kong or one of the so-called emerging markets. In fact, there is an extremely strong possibility that Japan, the fragility of its financial system revealed by the failure of Hokkaidô Takushoku Bank and Yamaichi Securities, will be the source.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
http://www.japanecho.co.jp/docs/html/250213.html
A New Backlash Against American Influence
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
http://www.japanecho.co.jp/docs/html/250214.html
The Asian Crisis and the IMF's Medicine

Date: Fri Apr 10 1998 01:50
aztec__A (@Myrmidon) ID#255304:

Define a JORDIE

Maybe this dates me.

Date: Fri Apr 10 1998 01:50
John Disney__A (Notes on Harmony) ID#24135:

For aztec.
dont the fooled by low volume on
Harmony ADR in USA. volume here is
HEAVY .. at least half a mill a day
for a stock that usually does that in
a month. Institutions plus Europe is
what I figure. Volume on drooy and
rangy not really up there yet.
Be cautious though as gold has lost
lots of momentum and would be sufferring
had we not had a weak $ ( which blind
sided the shorts .. we would be close
to 300$ except for sudden yen strength )

Date: Fri Apr 10 1998 01:49
Poorboys (. Sorry Bart ---Once A month –It’s my Period) ID#224149:

How can one as Brain Dead As Pete and PH from LA post on this Site ---Doctors Permission Obviously. ----Never have I seen Idiots survive the foam of ideological thoughts ---The new generation of “Pack of Idiots “Imbeciles. Maybe the wrong ideologue has been crucified this Good Friday. Another = Depraved Peasantry with no hope.

Date: Fri Apr 10 1998 01:49
Myrmidon (@ all) ID#339212:

... and CHEESESPREAD can post as AFTERTHOUGHTS

Date: Fri Apr 10 1998 01:48
Myrmidon (@ PREACHER) ID#339212:

By all means Mr. Preacher, you post as THOUGHTS
and I will post as SECONDTHOUGHTS

Date: Fri Apr 10 1998 01:47
telecaster (*ouch*) ID#30970:

dagnabbit..

Date: Fri Apr 10 1998 01:45
telecaster (taiwan) ID#30970:

Sharefin - Thanks for the links. They seem extremely slow to access right now, but the news from Taiwan sounds especially bad for the prospects of Asian recovery. Capital will continue to flow into the US until Asia becames safe again.

Date: Fri Apr 10 1998 01:45
telecaster (taiwan) ID#30970:

Sharefin - Thanks for the links. They seem extremely slow to access right now, but the news from Taiwan sounds especially bad for the prospects of Asian recovery. Capital will continue to flow into the US as long until Asia becames safe again.

Date: Fri Apr 10 1998 01:45
Preacher (THOUGHTS) ID#225273:

You guys are very interesting, but I have to go to bed.
One question, if ANOTHER stops posting, which I hope he won't, can I start titling my posts THOUGHTS?

Preacher ( THOUGHTS )

I like it, yes?

The Preacher

Date: Fri Apr 10 1998 01:42
John Disney__A (Whats goin on here) ID#24135:

Harmony is NOW trying to buy EVANDER .. Where
are they getting the MONEY .. It all started when
they built their refinery.. then their fabrication
plant. I think these guys are pulling the old
fractional reserve krugerand banking scam .. you
know how it goes .. make one krugerand .. hold it
as reserve .. then lend yourself 5 krugerands..
then hold those .. lend yourself 5 more ..
compound krugerands ... where will it end

Date: Fri Apr 10 1998 01:42
Myrmidon (@ aztec) ID#339212:

Try to convince CHEESESPREAD on those stocks too! ( HGMCY, DROOY, RANGY ) .

Are you a JORDIE?

Date: Fri Apr 10 1998 01:37
aztec__A (@Gracias Senior Disney) ID#255304:
Copyright © 1998 aztec__A/Kitco Inc. All rights reserved

I sincerely appreciate and respect your 4/9 am response.
I was online when the G-Eagle report was published. That data made my final purchase decision. Your collective efforts were noticed.

As for the near future. Your advise on Harmony @ less than $5 in and 7.75 out appears sound. Harmony has been moving up in a flat environment. Granted the volume is low but based on the prior sell off I agree it will move much more quickly in a small up swing than Drooy or Rangy. I'll watch with margarita and lime in hand for the crossing of the Drooy - Harmony paths. At that point I'll sqeeeez the lime and salt the glass and sell.
On a related note. Seems to me this forum is kind of a dichotomy in a way, a forbidden fruit if you will. Sort of an unpopular idea that everyone knows is true but is afraid to publically support.
Tell Farfel I know a lot of chaps playing golf with me dad who have and are buying more!
When are we going to hear about the Kitco cornering of the Comex!

Patron Silver ( Plata ) , Controy, Lemon Juice, Fresh Lime, Salt.

Date: Fri Apr 10 1998 01:35
2BR02B? (@telecaster/A.Smith) ID#266105:

Nice to be framous.

Date: Fri Apr 10 1998 01:33
Eldorado (@the scene) ID#173274:

mozel -- You certainly have a way of putting concise 'meaning' into some simple statements! Maaaaaaannnnnnnn!!!! How right you are! It'll be 'interesting' to see what their cultural decision becomes! I suspect you will be found to be correct about the final 'assessment'.

Date: Fri Apr 10 1998 01:32
oris (Another) ID#238422:

Sir, if it is true, as some posters suggested, that
you intend to quit posting, it would be a disappointment
for many, including myself. Although I got some doubts
regarding some of your thoughts, some of your other
thoughts are very interesting and very educating. You will
come back soon, yes? Thank you.

Date: Fri Apr 10 1998 01:29
sharefin (More good reads) ID#284255:
-

Telecaster
The other articles at that site are good for a read too:
http://www.ubs.com/market/commod/wpo/e_wpo.htm
~~~~~~~~~~~~~~~~~~
http://www.scmp.com/news/template/templates.idc?artid=19980410005215033&top=front&template=Default.htx&maxfieldsize=2407
Impotence-cure e-mail floods hijacked HK address
A local businessman has received more than half a million junk e-mail messages after an impotence cures salesman hijacked his Internet address.
~~~~~~~~~~~~~~~~~~~~~~
http://www.scmp.com/news/template/templates.idc?artid=19980410005215020&top=front&template=Default.htx&maxfieldsize=2780
Grain stores guarded as mobs grow hungry
Police and military units have stepped up security at government rice and grain silos across Mindanao, fearing food riots amid the worsening El Nino drought.
~~~~~~~~~~~~~~~~~~~~~
http://www.scmp.com/news/template/templates.idc?artid=19980410005215041&top=front&template=Default.htx&maxfieldsize=1296
US President Bill Clinton has ordered the Defence, State and Justice departments to plan the arrest and trial of former Khmer Rouge chief Pol Pot, The New York Times reported yesterday.
~~~~~~~~~~~~~~~~~~~~~~~~
http://www.scmp.com/news/template/templates.idc?artid=19980410002729089&top=mar&template=Mar_Article.htx&maxfieldsize=2586
Trade deficit shocks Taiwan stocks
Taiwan's share prices took a tumble yesterday as official figures showed that the island suffered its first quarterly trade deficit in 17 years, raising fears about the impact of the Asian crisis on the island's economy.
~~~~~~~~~~~~~~~~~~~~~~
http://www.scmp.com/news/template/templates.idc?artid=19980410002729087&top=mar&template=mar_dnocomma.htx&maxfieldsize=1319
Market waits for statement from Hashimoto
Japanese stocks were mixed after three days of gains, as investors hesitated to buy or sell aggressively with Prime Minister Ryutaro Hashimoto set to discuss his government's plans for economic recovery later yesterday.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
A great page to catch all the Asia news
http://www.scmp.com/news/markets/topmark.idc

Date: Fri Apr 10 1998 01:27
John Disney__A (Key item .. Sales tax on gold Coins ) ID#24135:
Copyright © 1998 John Disney__A/Kitco Inc. All rights reserved

Interesting article in Business Day which apparently
not carried in US state controlled press.
Article quotes Robert Guy of NM Rothschild . He said
that the management of European gold reserves should be
PRIVATISED. He then blasted the European banks for
devalueing their own reserves through lack of
transparency, sudden unexpected sales, and the
absence of any strategoc gold policy. He urged PUBLIC
AUCTIONS rather than secret sales between banks,
and clear policy statements. He urged EXEMPTION from
SALES TAX on gold sales in the EU. He urged introduction
of a Gold euro coin.
Mozel is right, the real key to gold lies in its
purchase by the common man as a store of value. This
of course after recognition of its great monetary value.
Coin demand must be a key indicator.
For Fred .. what is sales tax on coin situation
in Europe

Date: Fri Apr 10 1998 01:26
telecaster (@Selby) ID#30970:

Selby - My compliments. I should have put the entire post in quotations, because they are from the article. The first site, which you were unable to access, was Kitco. Anyway, you might enjoy Smith's previous write-ups, which are listed here:

http://www.ubs.com/market/commod/wpo/e_wpo.htm

The man makes an argument about overhang that is hard to refute.

Date: Fri Apr 10 1998 01:25
aurator (Frogs and pommie bastards) ID#257148:
Copyright © 1998 aurator/Kitco Inc. All rights reserved

Candelabra
Hey mate, did ya sell a subscription to that cwazy cwazy pommie bastard Andy Smith? Cos he's quoting our hallowed Antipodean Contrarian Newsletter in his gimcrack little broadsheet.

http://www.ubs.com/market/commod/wpo/e_980310.htm
Wonder where he got the hook to Charles Fort, eh Auric? How about CB gold holdings as a Fortean phenomena Mr Smith?


Come on on andy, it is kitco's birthday today, I reckon we can all be civil, even to pommie bastards, come out to play on kitco, exercise the mind

We can at least talk about falls of fishes or manna, or how does a frog survive in rock?

Date: Fri Apr 10 1998 01:23
Eldorado (@the scene) ID#173274:

Sharefin -- Drop 30-50%? I think it may be a whole lot more than that before it all gets washed out. The 'dirt' is going to require a whole LOT of 'bleach'!

Date: Fri Apr 10 1998 01:21
tolerant1 (you folks can all talk about this and that) ID#31868:

however, there is overcapacity everywhere in/on the globe -deflation...

Running the printing press, the cure is far worse than the disease...

Economist - a fabulous profession without a need for experience.

( Speeling for sam )

Date: Fri Apr 10 1998 01:20
mozel (@Andy Smith @Eldorado) ID#153102:
Copyright © 1998 mozel/Kitco Inc. All rights reserved

BIS is capitalized with gold at $208 per oz, calculated with reserve margin at $280 per oz. If gold at the LBMA drops below the capitalized value at BIS, what happens to the BIS balance sheet ? Yes, there is a free put on the price of gold in the range from $208 to $280.

Yes, the new loan is the new infusion of life for the vampire of debt currency. Tomorrow's unit must be worth less than today's. Otherwise, it cannot rationally be borrowed. If there is a hint that the unit will be worth more tomorrow than today, only a mad fool would borrow. This is what Washington understands that Japan does not. The Japanese have been living in an illusion. They have been getting a free ride on Washington's deficit spending and programmed inflation and looking down their noses at it. Now the moment of truth is at their doorstep. If they cannot politically adapt to a debt currency. to the planned inflation and deficit spending that a debt currency demands, their whole monetary system will have to change. Or, their political and monetary system. I think culturally the Japanese are incapable of debt currency. Their trade surplus, a gift from the Congress of the United States, has permitted them the luxury of denial. But, the reality of what their money really is now intrudes.

Will the BIS pull the plug on life support for the fiat dollar ? All it takes is for Central Banks to stop selling gold and to start buying it. If Japan exits the world for a period of internal rearrangment of money and government, look out in London.

Date: Fri Apr 10 1998 01:19
Quixotic 1 (***Thoughts For ANOTHER***) ID#48200:
Copyright © 1998 Quixotic 1/Kitco Inc. All rights reserved

Thoughts for another

Kitcoites and their sphere of influence, extend to all reaches of the world, and in some cases, beyond. Attempting to successfully communicate and reason with such a diverse group of perceptual sets, must be an impossible task for anyone. These bites that offend you as well as their peers, do not represent this portal to Truth, Justice and the Golden Way. Our mission will benefit all of mankind, by first learning to manage the information and disinformation overload. ANOTHER, we need, let me say this again, WE NEED people like you to introduce new thoughts, possibilities and Truths. A mind, once expanded with ANOTHER THOUGHT, seldom returns to its original capacity. Please don't allow a few minds, which believe they can be expanded no more, to prejudice the rest of us eager students of life. Your classroom has many students. All cannot be exemplary, as we have seen. The vast, spoken and unspoken majority still has a lot to learn. Please accept this Pineapple ( symbol of Welcome and Friendship ) , and renew your quest to rise the boats of all men with your unique insight and interactions.
Thank you for your time and consideration. I remain, on bended knee, hardly sorry for my brother's offenses.

Gold for the good guys…GMJ

Date: Fri Apr 10 1998 01:16
oris (Brother John, by the way, congratulations, I heard) ID#238422:

on PBS channel tonight that RSA gold miners is good
investment now. I know you already sold a lot...You
are real professional.

Date: Fri Apr 10 1998 01:14
Silverthorn__A (A. Goose ) ID#247309:
-

Enjoy your on-going search for physical.
I think the issue may revolve around the term exchange. COMEX is called an exchange, not a warehouse. To meet its future obligations, the exchange does not need an equal amount of physical. When I posted on this subject several weeks ago, I had spoken to COMEX about this issue and was told that in the event of insufficient physical, COMEX would either acquire it, from amoung other places, London.
Your point that all the COMEX inventory could be bought for $46M makes the point, but why not buy physical in the market?
I suspect that COMEX does have commitments from others to meet its short term needs in addition to whatever amount of physical actually underlies the producers' contracts.
On a more suspicious bent, we could ask what if those commitments are illusory and what would happen if they could not be met, but isn't that a much larger issue than COMEX? Certainly the Hunt's found out what happens - COMEX just changes the rules. No doubt the basis of some prior postings here about the danger of paper gold.

Date: Fri Apr 10 1998 01:11
oris (John Disney) ID#238422:

Hi, brother John.

High for the week was 314.50, and
of course it held above 300. If
you remember my post, my high
for the week was 314...315, and I
ordered gold to hold above 300.

Do you think your little brother Oris
is a genius or what? Just kidding...

Date: Fri Apr 10 1998 01:11
tolerant1 (John Disney) ID#31868:

training mine podge, still rolling around and laughing, bombalaylaylay.......................................

Date: Fri Apr 10 1998 01:08
PH in LA (Open letter to LGB) ID#225408:
Copyright © 1998 PH in LA/Kitco Inc. All rights reserved

LGB:

Once again I am left with the genuine belief that my posts have gone virtually unread by you and thereby misunderstood. My comments to you have not been meant as any kind of personal attack. In fact, I have called numerous times for moderation and tolerance even for the likes of Heavy Hitter ( on occasion. ) ( R.I.P. )

Everyone admires a quick mind and noone would deny that you have one. At the same time, they usually admire a penetrating and thoughtful mind even more; much more! Your habit of reacting sharply and instantaneously to anything you think you disagree with is usually neither penetrating nor thoughtful. Unless your mind works light-years faster than mine, ( always a possibility ) your responses come so fast that it is obvious that you have not given them sufficient thought. And upon considering them, that impression is not often dispelled. At first I tried to point out inconsistencies in your reactions, but have long since given up. When posters submit a carefully-thought-out thesis, it would ordinarily be considered reasonable to give them the benefit of some thought and understanding of what they have really written before disagreeing. This has been the thrust of most of my remarks to you ( as far as I can recall ) . If you feel that they have crossed over some impolite line, degenerating into personal attacks, I apologise. This was not ever my intent.

.You feel overlooked for having called a bottom of $280 before ANOTHER; a fact that you feel has been forgotten. The way I see it, ANOTHER's call was interesting because he offered a compelling reason and explanation for his words. That was the idea that everyone remembers around here; not the numerical value itself. Hell man, anyone can get up on a soapbox with a prophesy. The ones we remember are those that tell us why. Those are the ones that expand the universe of our minds.

It is unfair to suggest that anyone be indicted or blamed for the departure of anyone else from this forum. All who post here must accept the consequences for their actions, both in what they say and in where they say it. I refuse to believe that ANOTHER ( or anyone else, including yourself ) misunderstands this.

Date: Fri Apr 10 1998 01:06
sharefin (ROFL) ID#284255:
-

Eldorado
As the pyramid rises, so does the mountain of debt.

Open_Loop
If this mania ever crashes
There's going to be lots of cheap houses
And lots of unhappy families.
Imagine 5% of overleveraged investors
All having to sell into the market at once.

I have just sold two rentals
And now doing up my home to sell.
I presume that we will see
One of the best buying oportunities
Of real estate
Presented to us on a plate soon.

I have seen reports where they expect
Property to drop from 30% to 50%
Over the next 7 years.

To be forced to sell at such a time
Would be extremely painfull.
It will be a buyers market.
The man with no debt and cashed up
Will do well.

Telecaster
Great post ROFL many times over

Date: Fri Apr 10 1998 01:06
John Disney__A (Comment on good thing) ID#24135:

for ersel ..
Sorry for delay .. assume you mean purchase
of canadian mine by harmony .. Yes its good
.. believe they think they can operate at close
to 250 AVERAGE cost cost and cream at least 50
bucks per once .. they bought 670,000 oz for
about 10 mil US. I think thats something like
15 $/oz.. Thats about the cost of a RSA takeover
OR RSA developement. Lihir cost close to 50$/oz.
Not knocking Lihir.. just explaning ..Only
interested in Lihir as a yardstick.

Date: Fri Apr 10 1998 01:03
Eldorado (@the scene) ID#173274:

Myrmidon -- Funny about those 'free-rides'; someone always turns the ride off.

Date: Fri Apr 10 1998 01:02
aurator (Kitco is Two Today.) ID#257148:

All

Well, I suppose it is up to me to be the first thank Bart Kitner for his site, on this, Kitco's second Birthday.

Happy Birthday dear cyber-creation. There are many here who will toast yu tonight!

Now, where did I put those candles?

Date: Fri Apr 10 1998 00:58
Selby (Andy Smith) ID#286230:

telecaster: thanks for the 2 sites although I could not get to the first one. After being accused of being somehow associated with Andy smith I at least now have some idea what he is about. Did a fine job of producing a caricature of Kitco although he lost the value of the site in the process.

Date: Fri Apr 10 1998 00:58
Myrmidon (@ Eldorado) ID#339212:

Eldorado: Now, how long can one import more goods than export?

Answer: As long as someone else pays the difference. A good example are some of the small European common market countries. Their currencies are supported artificially high, they have high inflation but their citizens are on a free ride to the backs of the Germans, British and French.

Portugal, Greece, Spain, have enjoyed a high standard of living because of international loans and subsidies from the ECU majors.

Date: Fri Apr 10 1998 00:57
EJ (@Prometheus: Yup. We humans are great muddlers. Look at the) ID#45173:

crap the people of the Sovient Union put up with for 60 years. No doubt we'll all survive. In fact, there is an upside. I probably won't be working 80 hour weeks. Maybe I'll get to see my friends and family once in a while, drink cheap wine, read, get some sleep...
G'Nite,
-EJ

Date: Fri Apr 10 1998 00:54
Eldorado (@the scene) ID#173274:

Golden Cheeshead -- That's why the ever decreasing 'loan/lending requirements'; to keep the game afloat. It MUST be ever expanding, and at an ever increasing rate to keep it afloat, much less doing any good while it is increasing. The last hand-writing is on the wall. I fail to be able to view it in any other way.

Date: Fri Apr 10 1998 00:46
GOLDEN CHEESEHEAD (HERR ELDORADO!) ID#431263:
Copyright © 1998 GOLDEN CHEESEHEAD/Kitco Inc. All rights reserved

I agree, mein Herr! Money is DEBT ergo money BEGETS DEBT. US Currency is debt ergo US Currency begets debt! The more M123 expands, the more debt is created and the bigger the debt balloon. Ergo, to keep the debt ballon expanding, more and more debt must be created. If ever the money ( debt ) supply begins to contract, the debt balloon implodes and the economy is thrown into recession/depression while the cost of money ( interest ) rises. The result for stocks and bonds is obvious and the consequences for those dependent on same is catastrophic! The remedy for such an eventuality--GOLD! BUY and HOLD! It alone will survive the coming debt ( currency ) implosion!

Date: Fri Apr 10 1998 00:45
Prometheus (@ALL) ID#210235:

DID YOU SEE TELECASTER'S POST? HEADS UP!

Date: Fri Apr 10 1998 00:44
tolerant1 (mozel) ID#31868:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved

This scumbag from Arkansas is not representative of the American people. We have a very slow reaction time.



The eighth knuckle has yet to land.



I sit here surrounded by firemen, marines, and regular folks, I am in Long Island…They chide me, ride me, tell me, inform me,…



America is alive and well…



I have written and said this before, I will dive on the bayonet of tyranny. But I am bashful,…they are not….access to freedom…freedom to access…



The welfare state is dead…



Kindness is a candle that no ill will shall ever extinguish.

Date: Fri Apr 10 1998 00:43
Eldorado (@the scene) ID#173274:

EJ -- Perhaps after it's all over, we can all put together Poe's land of 'Eldorado'.

Date: Fri Apr 10 1998 00:42
A.Goose (What can I say... It looks like a PAPER GOLD market to me.) ID#256250:
Copyright © 1998 A.Goose/Kitco Inc. All rights reserved

Someone said to me today, that they wonder if comex was already closed. Why I asked. They replied that it seem to them that comex stocks didn't seem to reflect the trading action that is reported to us through the media. Well, maybe they have a point. Lots of paper gold trades everyday, but darn little bullion moves around. It took questor and Tlyer Rose to months to obtain their gold from comex. Turning paper into gold is harder that turning gold into paper! Was comex srambling to provide bullion? Sorry folks if it walks like a duck, quacks like a duck, ..., its a duck.
A.Goose knows about ducks.

IMHO


COMEX Estimated Volumes for Today



New York-April 9-FWN--COMEX ESTIMATED VOLUMES

TOTAL ESTIMATED VOLUMES
Gold 25,000
Silver 21,000
H.G. Copper 20,000

Gold

TOTAL REGISTERED
475,158 0 0 0 0 475,158
TOTAL ELIGIBLE
143,071 0 0 0 0 143,071
COMBINED TOTAL
618,229 0 0 0 0 618,229

Silver

TOTAL REGISTERED
0 0 33,795,629
TOTAL ELIGIBLE
0 0 53,082,193
COMBINED TOTAL
0 0 86,877,822

Date: Fri Apr 10 1998 00:40
telecaster (Andy Smith) ID#30970:

Has this been posted yet?

The universe is not only queerer than we suppose, but queerer than we can suppose

Surf, for example, http://www.kitcomm.com/cgi-bin/comments/gold/display, and catch a wave of wondrous wackiness. But be sure to wear a full length rubber suit.

http://www.ubs.com/market/commod/wpo/e_980310.htm

Date: Fri Apr 10 1998 00:38
Prometheus (@EJ) ID#210235:

A star for bravery for attempting to describe assembler/disassembler code to the layman. Kudos for a pretty good job, too. Somehow, we'll muddle through. Won't be on any airplanes, though.

Date: Fri Apr 10 1998 00:35
Eldorado (@the scene) ID#173274:

Sharefin -- Money begats money. True to the extent of verbage. But in this day and age, money IS debt. Thus money begats debt! Regrettably.

Date: Fri Apr 10 1998 00:31
EJ (Y2K: did my homework, changed my mind) ID#45173:
Copyright © 1998 EJ/Kitco Inc. All rights reserved

I reluctantly admit I was wrong in my initial assessment of the Y2K threat as less than severe. After 15 years in the high tech biz, half in software development, I speculated that locating and fixing Y2K bugs would not be too hard. In the past few weeks I have spoken with ten associates from my past, all of whom either currently work for or have in the past few years worked for financial services companies as application developers, the preferred title for folks who write computer programs, aka programmers. Here is what I found.

I assumed you can easily find instances in source code of date functions that manipulate data and fix them to account for numbers greater than 1999. ( Source code is the text-based programming language that gets translated into computer code by a special program called a compiler. ) That assumption was naive. First of all, date functions may be used many, many times in one of many programs that make up a complete application, such as an application that calculates derivatives on long terms bonds over 30 years. So just finding them is a big job. There is no good way to automate this, so a programmer must analyze the logic of each and every function to understand how it may work in many contexts. This is of course greatly complicated by the fact that the source code may have been written by someone else long ago and poorly documented. In addition, different compilers ( the programs that convert source code into machine code ) will generate different machine code from the same source code, so that it executes in different ways. Sometimes a function correctly deals with date forms greater than 1999 and sometimes not, depending on how a compiler inteprets the source code. So everything must be tested, whether a bug can be seen in the logic of the code or not. This has to be done to code that was hardly tested in the first place because of time constraints. One friend works as a programmer at a very large and well known financial services company ( hint: name begins with F ) and he says he is one of few programmers there who are NOT working around the clock to find and fix Y2K bugs. He says the project leaders on most of the teams doing this work cannot say with any certainty that they will have found and located all of these bugs in time. They are keenly aware that the stakes are high, so it is just about all they are doing. As I said in my last post, watch the 10Q's for signs of trouble.

That's the good news. The bad news is that this work is being done most successfully on client/server systems that are relatively new. Then there are older mainframe systems that run using machine code for which there is no longer any source code--it was lost. That means you can't look at the text for functions that may be a problem. To solve this, compiler companies are creating programs that dissassemble machine code ( the reverse process of compiling source code into machine code ) to try to convert it back to source code so that humans can try to find logic errors in the use of date functions. The problem is that the source code that these programs make out of machine code is hard for humans to read. So the time consuming process described above is even more difficult. Also, the reverse compiler may be dissassembling machine code that was generated by a compiler that was made by a company that went out of business years ago. So you cannot be certain that the reverse compiler is correctly intepreting the machine code that it is converting back to source code. Also, you don't compile source code by running the dissassembler backwards. You need yet another compiler, and it may intepret the new source code so that date functions don't work as expected.

The bottom line is, fixing software is very likely to take a lot longer than the time available. The companies with the greatest resources and highest stakes, like the one I've referred to here, at least have a shot at it. Not understaffed government agencies and low-margin businesses running old equipment ( e.g., IRS, Airlines, etc ) . So a lot of stuff ain't gonna work right, and some things are going to work at all. If you fly on Jan. 1, 2000, you are definately a nut. As far as business goes, a lot of folks are going to have to learn how to do transactions manually, on paper, with a pen.

Regards,
EJ

Date: Fri Apr 10 1998 00:21
Eldorado (@the scene) ID#173274:

Gold IS the medium of international exchange. No more, no less! Now, how long can one import more goods than export? Guess its the differential of the amount of gold currently on hand and the trade deficit, or at least what one can make believe is available. Some of this can be made 'hidden' via other paper with debt payment attached. At least for awhile ( confidence ) ! That's my take on the whole situation. It really has nothing to do with inflation or deflation. Simply a growing lack of confidence in the debt-repayment confidence game.

Date: Fri Apr 10 1998 00:16
STUDIO.R (@aurator.....a belated thank you......) ID#288369:

for going to the trouble of looking up Eldo's theme....he picked a great one..huh?....serves him well.

maybe, one of these days ( if one of the guys loses a girlfriend ) ...Poe's Annabelle Lee ( sp? ) geeze I need to replace my complete works of EAP...I think I hear it thumping, er... bumping, knocking, beating....I just can't find it! Maybe it's behind this wall.... oh hell, I 'm now off to nightmares.....G'nite.

Date: Fri Apr 10 1998 00:15
sharefin (Dear God) ID#284255:
Copyright © 1998 sharefin All rights reserved

Dear God

A man of integrity would I be --
And wise in Judgment
So dear God, teach me

And brave enough,
Compassionate and good
Resourceful and intuitive
And I would
A touch of humour lest I be severe.
And sound good health.
And please, a modicum of wealth.
For you have given us keen eyes
For beauty and the things we prize

The gift of loving too I need.
For you dear God made Eve a maid
And me dear God a man indeed.
And both with thoughtful care

A moderate man you see
And peaceful -- not a prude
For these few simple things I plea.
Dear God -- remember me --


Dear God

That earlier list
Dear God.
Me surely dreaming!
A moralistic theme
Composed no doubt
In a grey moment

What I'd really like
Dear God
Even now, grown old,
Is a garden
And a woman at my side
To help me tend it
Woman are wonderful friends
And often wonderful gardeners.
Such a loving empathy with life

And this life's a garden
Needing care.
So forget that list
Dear God.
Just take me as I am
And, if there's the chance
Of such a garden
And such a friend
Dear God -- Remember me




Over two thousand years ago Horace -- great Roman poet wrote to a good friend
This was in my prayers;
A piece of ground not overlarge,
And near to a stream of constant water,
And beside these some little quantity of woodland
Truly the dream of all peoples.

Date: Fri Apr 10 1998 00:12
JTF (Today's post was from ANOTHER, I think, not 'speaker for ANOTHER') ID#57232:
Copyright © 1998 JTF/Kitco Inc. All rights reserved

oris: There are probably two individuals who use ANOTHER's ID#. One I call 'speaker for ANOTHER' who is very fluent in English, and ANOTHER, who is not. Probably the older and younger generation.

I have seen this in my Oriental relatives, where talking to the Grandmother is very difficult, because all must be translated for me ( and for her ) . Speaking to the mother in law is easier because she has learned English as her second language. However, much is still different, and mysterious at times, just as with our conversations with ANOTHER. I think ANOTHER probably has less practice with English than you -- so he must get assistance at times to understand the language.

I have always wondered why ANOTHER never made significant comments about the negative words on Kitco -- until tonight. Perhaps the younger generation in his family finally alerted him -- possibly the one I call 'speaker for ANOTHER'.

I must really get off for my son -- he has the day off from school tomorrow. Happy Easter everyone!

Date: Fri Apr 10 1998 00:06
Open-Loop (@Sharefin@losthomes.stupid.more.comments) ID#16255:
Copyright © 1998 Open-Loop/Kitco Inc. All rights reserved

I know many people that have Thier 401k in the highest risk investment
available. Credit cards maxed, 2 car payments, magig 125% morgage,
pool payment, child support from previous and so on

I too have commented...
Thier reply you might ask!..............I am in it for the long hual
My reply? you might ask!................How long can you wait?
Thier reply you gotta ask!..............You ( me ) are a FOOL
The economy is great
Inflation is non exsistent
The dollar is strong
Unemployment lowest in 25 yrs
They balanced the budget
Asia? They screwed up
Bill? Who cares
Russia? Wimps
G,G,Gold! You ( me ) are a fool
My reply You surely ask? Have a NICE DAY :- ) )

Date: Fri Apr 10 1998 00:04
Pete (ALL-Liberty, AKA LGB) ID#222231:

Please reread your post - Saving time - 04/09/98 - 11:06. I think you owe an apology to others ( more than you mentioned in your post ) beside ANOTHER.

Date: Fri Apr 10 1998 00:01
sharefin (Japan in dire straights?) ID#284255:
-

JTF
I sourced the info and the link from Avid
There is a poster there who is well versed in what is going on there,
And comments frequently on the topic.

Eldorado
Like you I see the waves of debt roiling.
The ebb and flow of currency flows
Rolling over and over.
Interest accumulting at an ever faster rate.
I guess it works a bit like pyramiding

I think the same must happen
Throughout the West
With their money game.

It is one amazing pyramid
That they have created
Compounding debt.

Money begats money