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

IYHO -- Just how bad does the Nikkei have to get before it's bad?

You sure ? Right ! We all have our serious sides. Very good post !

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Date: Sun Apr 26 1998 18:29

OLD GOLD ( Jim Rogers ) ID#238295:

And I still say he knows nothing about gold. If he was right for awhile, he was right for the wrong reasons.

Massive hedge fund shorting and the huge dollar bull -- not CB selling -- was primarily responsible for the vicious

bear.

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ALL the MAJOR drops last year in POG were a DIRECT result of CB's announcing their gold sales.....and even announcing they are thinking about selling gold.........how can you say they weren't? ( ! ) ( ? ) HUH ( ? ) ALL the commentary now in support of the 'new' gold bull are that CB's are FINISHED selling their gold..... ( for now ) . C'mon GSC. How have you been right for six months......that means you were right back in NOVEMBER when gold was not even at it's lows and you were still looking for moves to 400.......... ( ? ) I am scratching the bejesus outta my head....... ( ? )

away...from untruths

Éß

you are stepping on it again......

away...

Éßlovesgold :- )

( this is all MY opinion.....and 'noone' should take this opinion to make market moves. DO YOUR OWN DAMN HOMEWORK ) .

thanks for asking 'the Don' ( smile )

away...to the bulls and nets

Éß

all rights to this statement are copywritten. to reproduce this is to violate copyright laws and prosecution will be swift yet painless....perhaps a shot o' tequila to ya..... ( gulp ) ......go gold.

Thank you, sir, for your response to my earlier question. It brings up another one.

In your earliest posts ( Oct. & Nov. '97 ) you stated: The market is changing now... it will go up but you will not be happy with the outcome.

What precisely does this mean? Or perhaps the better question is, To whom are you speaking?

Thank you. Respectfully,

Dean Jones

Can you tell me time/posting of the orginal reference and/or a URL for the 4/20 Smithers & Co. report? Thank you, fummer.

http://www.btimes.co.za/98/0426/comp/comp5.htm

He is considering a small, cheap refinery for Bissett because of the

high costs paid by small mines to get their gold refined in Canada:

Small mines get a much better deal here at the Rand Refinery than

they get in Canada.

http://www.btimes.co.za/98/0426/markets/markets.htm

But a smarter gold price, advancing a good $6/oz to above $314 before

levelling on Friday, and a big improvement in the quarterly results of

several mining companies, combined to lift the gold index by 18% to 1

102.

The gold index has climbed by almost two-thirds from its low of 670

early in December.

Marginals closely geared to gold have climbed at a faster rate than

have the quality counters. The Harmony mining company has more

than trebled from January's R9 to this week's R29 after a great

turnaround in fortunes during the first quarter. Randfontein is up by

150% from 600c to R15 in the same period and Anglogold ( was Vaal

Reefs ) by 88% to R280.

Date: Sun Apr 26 1998 12:17

Haggis__A ( ANOTHER......... ) ID#398105:

This precise reason why the EURO has to be backed by GOLD. The boys on Wall Street and the USA will HAVE to fight this one. However, the key is

for the Japanese and the Chinese currencies to be backed by GOLD. The

Chinese may well be on their way, the Japanese a concern as they have as

of July 97 0.5% of the Bank of Japan resources held in physical gold.

Mr. Haggis,

I think, China was buying a great deal of gold and gold commitments ( paper gold ) thru a HK trader. They became much of the not enough physical gold problem for the oil/gold trade. China dumped much of this paper and continued to take in gold even today. Japan is a story of no happy ending as they are seen as not aligned with Europe or the BIS way of things. The EURO may send Japan down with the USA dollar! Asia will be lead by China, as they do understand a Euro world. The ECB does know that all holes in earth, lead to china!

Thank You

From Donald's Yahoo post on domestic Korean debt woes--

The pain is getting worse. The Finance Ministry on Sunday reported the seasonally unadjusted unemployment rate in March soared to 6.5 percent against 3.4 percent a year earlier.

__________________________________________

One aspect of this is high population growth rates in developing countries requiring large GDP growth rates to absorb the people entering the workforce. A 'growth recession', slippage of the high former rates

of increase in economic activity to something around western industrialized rates of growth translates to real recession--

high unemployment, dashed expectations, spreading hopelessness.

A sinking to no growth or worse is calamitous. Like they say,

there's nothing more dangerous or politically destabilizing

than throngs of young, unemployed males.

In most Western writing, nearly all punctuation is contained within the quotes ( except as a rule semi-colons ) :

I like gold, he said. She said, I like gold, too. He said, Go gold! She said, Go gold!; he said, I just said that!

However, in the UK ( those guys are always doing things differently ) , they place most punctuation outside the quotes.

As in anything re. written English, there are rules, exceptions to the rules, and exceptions to the exceptions.

FWIW

I have studied your posts going back to the beginning ( 10/97 ) , and count myself fortunate for my access to such insight and conjecture.

In your last post ( today 00:39 ) you say, If the Euro wins, the Gold Wars will begin at $360, and crude in US$ could be in the hundreds?

You have discussed at length the situations of key gold players and the factors leading up to such a Gold War.

Question: Re. Gold War -- What specific actions and reactions do you envision? In other words, What possible scenario ( s ) , blow-by-blow, may we look for in a Gold War.

As always, your response is greatly appreciated.

Respectfully, jonesy

Mr. ANOTHER should read the Easter missal from the Sage of the Sea, The Brain of Bretton.

Date: Sat Apr 25 1998 23:53

PrivateInvestor ( Another thinks ) ID#225283:

Another please tell me what you think of the current situation in the world oil markets. Countries such as Mexico are seeing 50% of all government revenues dry up as the price of oil continues to go south...The same must be true of our gold holding friends in the middle east...What are your prognostications?

Sir,

We are close to much change. The oil reserves of the middle east show a history of value delivered for currencies of broken promises! The supply of oil was never the problem, only the market of oil in what kind of money that caused much distrust. Today, many try to understand oil thru a currency that cannot offer a final payment of true value. I tell you, supply and demand mean nothing in this relm. The fight, is to bring oil down in US$ terms, then convert to an open partial gold payment. With gold priced correctly, oil would be very cheap for western, non producers. But, the owners of local reserves as Mexico, would suffer as gold would not be allowed for payment to them. The Euro, it could be the result of this war.

If the Euro wins, the Gold Wars will begin at $360, and crude in US$ could be in the hundreds?

Much is still as up in air, we watch for a while.

I must be gone for a time.

Thank You

Date: Sat Apr 25 1998 23:13

aurophile ( ANOTHER ) ID#256326:

The US does not back its currency with specific reserves as other nations do ( of necessity ) as a matter of policy, but it does have the reserves of gold and foreign currency. The German move, if it happens, is simply accounting legerdemain ( ledger-demain? ) , and is no more meaningful in reality than the Federal Reserve's monetizing of US debt.

Sir,

This matter of policy, it is without reason? If US$ is reserve for all other currencies, how can other currencies be held as reserve for US$? When one ask question, does chicken back egg, or egg back chicken , a good reply comes as matter of policy? Yes?

You state:

In the modern system, gold is of far less usefulness to a currency's essential value than the political, legal, and military currency of its issuer.

Sir,

Fifty years of modern history do not show this to be true. Political, legal and military currencies do come and go with the Seasons, but gold currency did keep promise for citizens of changing times!

Date: Sat Apr 25 1998 23:27

Auric ( EMU Question ) ID#255151:

Ok, let's say the EMU is 10% Gold backed. How do you know that in a year or two the CB of Europe won't change the rules in midstream. What's to stop them, say in the year 2000, from deciding that the EMU will only be 5% Gold backed? How firm is this promise?

Sir,

When physical gold trades by side of EURO, the rules will hold even at three fourths stream!

thank you