Henryd -

We are not talking anger here, we are talking payback.

In the midst of acrimony

Some have kept their sense of humor.

MY picks:

Date: Mon Apr 27 1998 00:1

sharefin ( RJ ) ID#284255:

Could it perhaps be PMT time or PM time?

Date: Mon Apr 27 1998 01:41

mozel ( @kitco ) ID#153102:

If RJ would relent and post, I would support a Bart rule that everybody ignore RJ's posts so his clients don't get the wrong idea.

Date: Mon Apr 27 1998 01:52

John Disney__A ( Clients are no fun ) ID#24135:

To all I have no clients .. it gives me a lot of personal freedom. but then I dont make any money

Date: Mon Apr 27 1998 02:54

Auric ( MURRSTEIN? ) ID#255151:

This mushy reconciliation between F* and RJ has caused me to have insomnia. Therefore, I am forced to sue all of you.

Date: Mon Apr 27 1998 07:16

Mike Sheller ( thisn'that, base thoughts ) ID#34744

………Let's just do it for the right reasons. MY reasons.

Date: Mon Apr 27 1998 11:26

EB ( hmmmmm ) ID#22956:

away...from permabulls

Date: Mon Apr 27 1998 00:00

RJ ( ..... OLD GSC.... Again ..... ) ID#410215:

…….Remember which is the pointy end

And My nomination for the funniest post of the day is:

Date: Mon Apr 27 1998 10:44

farfel ( @ALL...please prepare yourselves for a little delight.. ) ID#340302:

...a concerted gold short squeeze is in the works. Try and get on board before the upspike.

The man obviously does not even understand the term short squeeze. Something he read in a book at Harvard or Dartmouth. He then picks precisely the most boneheaded time to post his opinion of the squeeze. Read that book again Farboy. Work on your comprehension.

How come you didn't thank me in you superficial supplication today?

Am I not worthy?

Oh yeah. The being nice in response to an insult by thanking the insulter indicates fear and uncertainty and is weak in any case. Read that in a Psychology book once. I remembered it.

We will continue this, yes?

Sleeping tigers and all that rot……

OK

Farfel, nice job on the prediction. Keep it coming. Thank you. ISO

In the previous few months, gold had gone up almost daily with the long bond rate, but not for the last two weeks. If Japan is selling Tbills to raise cash, that would cause the bond rate to climb. OK, ( today it was up .09% today to 6.036%, a major move ) . However, the dollar should not continue up unless there is great weakness in the yen. How would this affect gold?

From a very short term perspective, if the dollar is up again tomorrow with the yen ( closed today at about 132.6 ) , sell gold. Especially if the bond rate drops back under 6%.

This msg for very short term use only. May be invalid by noon.

REF: tricky ( Japan down 200 in 6 minutes. ) No telling where it will bottom.

Methinks the BOJ has a good shot at Nikkei 7000 to 8000. Meanwhile the Nippons are snapping up gold with their US T-Bond proceeds.

For the many who have asked, I can be found at rjd@pacbell.net

Some of us live in the light.

Some hide in the dark.

223 -

Only sell 10 oz bars. About $19 now. The funny thing is, the spread on one ounce coins is only about $17. I know of nobody in the world who can beat my price on platinum.

Sheller -

Mills is a fair man.

I need a good cut man though.

Join my corner.

Henryd -

I know my tone is harsh, and I apologize that it spilled to you. I do not know you and have no reason to offend. If you ever come under the barrage that I have, please posts your feelings. I think your words would be sympathetic.

I have been shouted down. I kept my silence. The shouters gloated and bleated.

Now they will receive what they have given. Seems just to me.

Clone -

Read my most rabid and ribald posts.

A spring breeze compared to the hurricane that awaits.

He has chased and dogged my heels like a bitch in heat.

He will now find how it feels.

I am the Avenger.

Henryd -

You don't like it, go somewhere else. I have withstood a barrage of attacks and kept silent. These boys will quit the falsehoods, or I do not stop calling attention to them. All of them. Its actually kind of fun. Like when you are at the shooting gallery and you have one of the damn little mechanical quacking ducks in your crosshairs. Once you hit the first one, the rest are easy.

Who among you would take the abuse I have from these grubs?

For those that would, I have zero respect.

Decorum be damned, I will settle for nothing less than an apology.

Then, while my opinion of them will not change, I will not be so vocal about it.

That will be the result, or I will continue until banned from this forum.

It will get bloody.

OK

FarFlung -

Once again you post pabulum and mush. Less than 24 hours ago, you pooh poohed the thought of more CB sales. Now you write fluffy essays that are themselves the very portrait of spin control.

I am reminded of a scene from Jaws, when Quint says, Proves one thing Mr. Hooper; Proves you college educated boys don't know enough to admit when you are wrong.

Your ( how many? 2? 3? ) Yale degrees? PHDs? Mr. Macro Econo Fellow? Proves that your lofty theories will help you little down here in the trenches. This is a grown up game we play here, for real money, and we play for keepsies. And the real money is being made by those that do EXACTLY opposite of what you recommend.

I'm still delivering gold for the lowest price in the country. Got any money? Or has it all disappeared with your hackneyed views?

The simple difference is plain to see. You are a ghost. You are a silly handle on and Internet forum. You post no e-mail, you hide behind your anonymity. You are nobody.

Everybody here knows who I am, where I work, and where I can be found.

We will let the markets and history choose the man remembered as the wiser.

I encourage everybody to read the Farfel Fellow's gold report @ 18:30 ( he will report on gold, but ignore those that are closest to the market, and believe himself right and true ) It fairy drips with irony. An essay composed entirely of spin control griping about spin control.

Keep it up Farboy, I have only just begun.

The gloves are off, and I call you out.

This is where it starts to get fun………

PS

This posts breaks all etiquette rules and I would happily be thrown off this forum. But I will not be silent. This little ferret has had a field day at my expense and this will not stand. I will drag this pasty vampire out from under the crawlspace and out into the sun where the cleansing rays may burn away all that is bullshit and all that is Farfel.

PS2

This is hostility light. Don't crank up the steam F boy. Your own past posts are filled will boneheaded mistakes that even novices to these markets do not make. Your support here is drying up, perhaps a bit of the hair of the dog to erode it further? We will post them and have a good time, yes? If you choose this fight, I will do it in your own words. We have seen how embarrassing this can be with good buddy OLD GSC. Feel free to repost any of my priors. I stand by them all.

When you step out to fight, be prepared for the battle. And this battle is set.

OK

This time it will be different as the US dollar/gold price is not fixed. My guess is that gold stocks will rally much more quickly after the crash. You may want to look at the most recent quarterly report ( Feb 1998 ) at the World Gold Council site -- namely Indonesia gold in 1997. The price of gold has doubled in the last year there. Even Singapore has a marked increase in the price of gold ( +40% ) , and their economy/currency was thought to be rather strong. That will give you a good idea of what will happen here after a crash.

Hope this helps -- all from memory -- graphs at home.

Seriously, you raise an important point -- 401k and 403b funds are limited in what investments are allowed. 'Risky' investments such as physical gold, and foreign currencies are not allowed. That is allowed with IRA's, but I suspect that fewer retirement assets are in this form. Also 401k and 403b investment options are limited in scope, and gold funds as investment may not be accessible. One big notable exception is the Fidelity funds group, where gold fund purchases are possible even with 403b's and 401k's. I wouldn't worry too much though, when there is a big 'rush to the exits' to buy gold/gold equities, the money will be there.

With regard to your question about dollars and treasuries, I offer that question to more knowledgable types, such as Donald, DA or SDRer. Suffice it to say that treasuries offer interest payments, not dollars, so I would expect most US $ investments are in the form of treasuries of some kind. The dollar-yen carry or the dollar-gold carry is optimal when the dollar is rising with high interest treasury yields, purchased with borrowed Yen or gold. The idea is that both the Yen and gold have low interest loan rates, so borrowing then to buy dollars ( treasuries ) is especially attractive. Even better if the dollar is rising, and the Yen, gold falling. When these 'carry' trades unravel due to a dropping dollar or high Yen/gold interest rates, there will be a flood of US treasuries on the markets that will either cause US interest rates to skyrocket, or cause the Fed to buy the treasuries back. In the latter, the inflation may be deferred if the Fed decides to roll the dollars over into our national debt -- very popular this year.

Hope that helps.

Studio, please E--MAIL me when gold hits 325. I have walked in the footsteps of giants till the soles of my shoes are worn out. If gold goes to 250, I guess I will still be hanging on.

Isure@aol.com

Excellent work! I notice a crossover around June-July '97 -- based on ( I'm assuming ) the arbitrary graph start date of Jan. '96 -- a crossover coinciding with the beginning of this recent leg of the Asian crisis.

Question -- Have you done such Dow/Gold charting going back far enough so that such crossovers are not rendered arbitrarily? If so, what significance, if any, have the crossovers held? And what have the ( positive/negative ) directions of travel meant, if anything?

Did you notice that the Mexican indices went down about 5% so far today? I think the South American markets are much more vulnerable than the US markets. But much of foreign US investment is in South America. And -- we have the delayed crunch from all of those derivatives trades going haywire every time the markets 'twitch'. Hope all is well for you.

We should never assume that the 'weak hands' as someone called them will not sell their precious metals stocks when the great Wave finally hits the beach.

Fortunately we are at the threshold of a gold rally, probably strengthened by the current 'ping'. Lets just hope that is what it is -- another precursor --- not 'the big one'.

By the way I doubt that AG will raise rates -- too much uncertainty in the world markets. But -- if the dollar tanks -- the risk to the world's markets is less -- and AG might go ahead. I doubt a collapse in the dollar, because of the 'flight to safety' effect.

Full article at http://www.coindealer.com/library/show_article.html?ArticleID=286

In sensing a general feeling of the tide of markets and opinion turning against his favor, Farfel Fellow has decided that stuffing his nose in the collected Kitco nether orifices ( thanks, Sheller ) is the wiser route. After coating his proboscis with pandering to Bart, he then calls out to his fan club, and shoves his nose up theirs. Seems a lonely man, desperate for affection, now sees his moony eyed followers finding more value in facts than in his own emotion laden goldbug belches.

I offer to sell gold to this fellow at the lowest price in the country. He say's he lives about 40 miles north of my office. I will deliver through Brinks, Los Angeles. Everyone here knows who I am and where I work. He has my phone number, yet there is no call from the buying more and taking delivery fellow.

Either he has no money, and this is all some wonderful form of cyberdollar masturbation, or he is buying more and taking delivery at a higher price than has been offered him. Either course seems foolish and emotional.

Perhaps the chant should be altered to:

I'm buying more, at whatever price as long as it is not from RJ, even though I am paying more, but I don't care. Money fairly falls from my brown nose, and I deign to pay more for my gold than I have to.

As for insecure….. This is the first time this word has been applied to me. I think it is rather the complete conviction with which I state my opinions that galls this fellow so. Nay insecure, rather confident and optimistic.

This fellow says he believes in physical metal. I trade physical metal for a living. I delivered better than a thousand ounces of gold last week. Yet he will attack at every turn. Seems this guy makes up his mind with only the group of facts that he approves of. He cannot be bothered by information from a professional. This is a very unwise way to invest. That he exhibits these proclivities tells me that it is more likely his money and common sense have traveled the same road. All roads lead away from him, as the tide of history will prove……….. Soon.

OK

Thank YOU, Mr. F*

Respectfully, jonesy

There are well over 1.5 trillion US dollars outside the US.

Over the years I have found the insight of the shorter-term traders such as yourself to be the most useful. You, Oldman, and APH, D.A. , EB and others. There is alot to be said for those who are equally at home in up and down markets, as then minimizes the bias. It is disappointing to see that there are so many Kitcoites who do not appreciate this.

I find it fairly easy to translate your words into my predominantly long-term investing approach. It is just a matter of knowing what time range is appropriate.

Thanks again. Hope all is well with you, and that you have advance notice of the gold bug Tsunami. Just in case, I would suggest looking west out your window toward the Pacific fairly frequently. I was in Calif for a time, and know about those rogue rollers. Was off the coast of San Diego one time in a 37 foot Yawl I rented - just myself and spouse. Remember looking about 3 miles back toward the coast, only to see it disappear for about a minute. The rise of the 500 foot plus roller was so gentle that I might not otherwise have noticed. But -- I would not have wanted to be on the beach when it broke.

We may not have much warning. How are your surfer friends doing lately?

hmmmmmm

away...from permabulls

Éß

Thank you, sir, for your most thoughtful response to my question last night re. the Nikkei: We're not enjoying this, are we?

In that gold will serve well as a holding contrary to the demise, ultimately, of the U.S. currency system, preceded by the total meltdown of Japan's, the above question is one that begs asking. Our ( Kitcoites ) holdings will appreciate, but only as others befall severe financial tribulation. Your response was revealing, and summarized well the answer to my question.

Thank you, kind sir, for ALL your posts, and especially for your most excellent web site golden-eagle ( sans the en ) . Looking forward to more of your incites as these days play out.

Respectfully,

dj

Gold may be near a short-term top:

http://www.intersurf.com/~vor/gold.html

This website called for short positions in most Fidelity funds and Indexes - BIG TIME on Thursday and Friday ( L denotes long position, S denotes short position ) :

http://www.duke.edu/~dhp/fu1htm.html

Looks like their excellent prediction record continues. Stay tuned.

( a ) Accumulation increase and Volume increase have been mucho impressive

( b ) RSI and Stochastic Oscillator are rising and are not too high

( c ) and what I like the best here, is a tremendous squeeze in its Bollinger Bands... which suggests an IMMINENT break out ( up probably, but cannot exclude down ) . When a stock is that squeezed, a break out will most likely occur during next 5 trading sessions, possibly event today... who knows! ) .

This constellation of T.A. in a gold stock that has not yet really participated in a sector ( gold ) that has turned bullishoid, is possibly a great buying opportunity.... ( It is for me anyways ) ... we will see.

Regarding Ger

Regarding your humble prostration and woes of offense.

For I, no umbrage today, or ever taken

As I know none was ever sent my way

From when first I arrived

With silky golden shorts

'Neath hiked skirts on view

For none but the privileged few

In this microland inside this box

( and would you eat them with a fox? )

I can count the heroes hereabouts

With one hand ( all digits intact and remain )

You occupy greater than the pinkie

But lesser than the thumb

Your words mate, were well received

Your kind gripes well aimed and true

Usually finding me uncontrolled

By giggles and guffaws

Even to this day and beyond

I plan to read 'em all

Still and all, at the table of five

( 'member the thumb pinkie hand thingie? )

We will raise our steins of cheer

And smash them to pieces in a toast

Bits of crockery and splattered foam

Sends us drinking from the bottle

Throughout remaining night

Sleep well in Kitco world tonight

For those that are wise to old sailor ways

I can only offer this warning

No red sky tonight

Until red sky at morning

OK

Farfel fellow, I said I would post no market opinion.

You however, will hear from me.

Your facts are bereft.

Your recent post about Russian shipments proves you know nothing of these markets. I would be happy to repost. We may then dissect, yes?

I have no muzzle I.

OK

No.

Excepts from a recent e-mail:

I recently put some of my own long term pension $ in gold and I think the bottom is in. The EMU may be short term bearish for gold though, freeing up much gold in the vaults, yes? There will be another drop in the next 30 days, if 300 holds, I'm buyin'. If 300 breaks, I fear nothing lower than 280.

Silver will drop below 6 before another run at 7.

Palladium will rise above platinum in the next couple weeks and, for the first time ever, be the most precious of the metals.

Platinum will follow palladium and spike above 500 before settling in a 450 - 600 range for the next couple years.

I am not going to be posting market opinion on Kitco for awhile, if ever. The schmoes have control of the boat, and they see neither rock nor reef. Too much work defending my stance. I just don't have the energy to continue the war. I write one thing, and then another poster rewrites it, changes the meaning 180 degrees, and then presents this as my view.

I trade millions in physical metal every month, not on paper, but the actual metal. I do this for a living, it is my job, and many of my clients read this forum. I simply cannot allow these misrepresentations to stand uncorrected. If one has only read the paraphrased post and not the original, they are left with the impression that my views are vastly different than they really are.

This is not a game. The shouters have won. This forum will be a fan club for gold and little of any import will come of it all. Like minded people in intellectual coitus with like minded people. Any other voices will be stilled by the screamers and the loss is felt by all.

Thanks again for your posts, as I have enjoyed them over the months. I still read Kitco, but I will not post market opinion for now.

OK

Thanks in advance for your input!

My guess is the turmoil in the markets worldwide will not affect the US markets more than 5%-10% -- this time. But the bearish pressure is building up for this fall or the fall of 1999-2000. Imagine what the Koreas will be like by then -- and the Chinese devaluation? I hope the Chinese are cautious enough to devalue very slowly so as not to spook the markets.

Interesting post about major companies padding their earnings reports by including stocks options to their employees. That I think would be significant if it were a new concept. Perhaps it is not. Anyone know?

Some may wonder why I bother with this. I have held my tongue through recent snipes, but OLD GSC has the halo on again and his words today again contradict his words of yesterday.

OLD GSC Wrote today:

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

And

While there has been some modest CB selling these alleged huge supplies waiting in the wings are nothing but a myth used by the shorts to scare the longs.

However Last June He wrote:

Date: Sat Jun 14 1997 10:23

George S. Cole ( gscole@ix.netcom.com ) :

Gene: You implicitly assume the prime objective of the anti-gold CBs ( not all CBs by any means ) is to maximize the proceeds from gold sales. I have a different take. Their main objective is to prevent or at least delay a big rise in gold prices. Their motto is -- keep the paper bull alive as long as humanly possible. If that means selling or loaning gold cheaply, so be it.

And

Date: Mon Jun 30 1997 22:30

George s. Cole ( gold bear ) :

MOREGOLD: No doubt there will be many mine closings if this gold bear continues much longer. I find it hard to believe the CBs and their allies would want to push bullion down so much as to virtually guarantee a huge rebound far beyond $400 a year or two down the road. But it looks like this is their goal.

And

Date: Fri Jul 04 1997 17:40

George Cole ( CB selling ) :

AURIC: Remember in a bear market all news is bad news. The Australian sale is inducing traders to wonder who will be next. Apparently some expect selling by Portugal soon to meet EMU requirements. Without strong investor demand the lethal combination of cheap CB gold loans and outright CB selling will have little trouble keeping the gold bulls on the ropes.

And

Date: Fri Jul 04 1997 17:32

George Cole ( CB selling ) :

Did the Australian CB ( and other CBs as well ) sell because they think gold is going lower, or because they want to push it lower. I suspect the latter.

Once again, OLD GSC has flipped his plate. OLD GSC will boldly take one position, when proven wrong, he will deny, forget, sidestep, or obfuscate. For those that fawn over OLD GSC, let his words speak for him:

Date: Tue Jun 17 1997 09:18

George S. Cole ( bulls and bears ) :

I still see the financial bull and gold bear changing places this summer. Only question is how high stocks go and how low gold and gold sink over the next month or two before the big reversal.

Date: Thu Jun 12 1997 13:17

George S. Cole ( Projections ) :

The market looks like it will peak earlier than my original late summer target date. The first half of July seems the best bet at this time. Gold should start doing much better about then. The current washout still has further to go though. Look for a downside breakout below $340 that may carry as low as $335, and then a big reversal up.

Date: Sat Jul 05 1997 23:25

George Cole ( bottom? ) :

I expect a bottom within the next few weeks. How low we will go is, as always, quite uncertain. APH has mentioned $314 and GLENN $313; these are in line with my own thinking.

George:

I don't even post on this site any more. Your recent offer to bury the hatchet likes me not. You attack me and others, you will be shamed. If you would like to continue your snipes, I am saving the juicy stuff for later. Take your stand George, I will show how you took just the opposite stance in your past.

Your best course is to ignore this post and to continue on in much the same way, but without the attacks on myself, EB and others. When you attack, I will use your own words to defeat. And thus the battle is joined.

Give it up George. You can't win. Seems the wiser road, but I suspect you will take up foil to parry. Remember which is the pointy end, and wield it cautiously.

In finding these posts, I found many of your staggering GSC self contradictions.

I invite you to invite me to post them.

OK

PS

Just WHY did you change your handle from George S. Cole to OLD GOLD?

OH…..I SEE…….. ITS THE CAPITAL LETTERS!!!