I guess we should ask the question differently: what countries did not have the opportunity to upgrade their nuclear weapons capability? Did we miss any? Any more campaign contributions still in the pipeline?

I sure would like to know how you sleep at night.

I'll bet that this time she has stirred up a hornets nest. Why did the

FBI ask for the independent counsel? This is new. I wonder how long she can control the floodgates on this one. If this keeps up, there may be a clamoring to remove Janet Reno.

20/20 is a US one hour documentary type news show, usually covering about 4 controversial ( but generally mainstream ) subjects. This show gets alot of attention in the US. Remember the Kathleen Willey bombshell? I'm pretty sure that was 20/20. The fact that y2k even got consideration means that some media specialists think it is newsworthy.

Just wait till the Clinton/US satellite/Chinese missle story gets on 20/20! But -- this is probably too hot to handle -- for now, at least.

I heard from a native South American professional today that only Chile and Argentina are doing well. He tells me that the Brazilians are running scared. He knew little about Mexico and Venezuela.

Please take care -- the Indonesia situation is apparently only on hold, with a Suharto doormat for president.

By the way, do you have any idea what Antony Sutton was referring to when he described the 'Road to Ramboullet' conference in the 70's? Apparently the US had some sort of debt due the BIS at that time, and the BIS called in their chips, forcing the US and the IMF to stop seling gold, and devalue the dollar.

I would sure like to know what the BIS had over the US. Some missing gold that the BIS know about?

Thanks in advance.

Usually the US markets are bullish just before national holidays, but not this time.

It reassures me that I'm not retarded.

I suggest your review of my comments at ....

http://www.golden-eagle.com .

See their 'Gold Digest' link.

My introductory comments, from the 2/98 article, are as follows:

A Golden Cure for World-wide Deflation

Contagion

From Thomas Jefferson, in an address to his

fellow 'founding fathers' of the new nation:

Thomas Jefferson: If the American people ever

allow the banking system to control their money,

first by inflation, then by deflation; their children

will one day wake up homeless on the continent

their fathers conquered.

The world's financial and monetary systems may

be likened to a gigantic teetering circus-tent. An

when the tent finally collapses. It will not be the

center-post that goes first; it will be the side-posts;

and even the stakes.

The stakes are the Asian Tiger economies. The

side-posts are the most important trading

partners of the U.S. This includes the strategic

national economies of: Hong Kong/China, Japan,

Canada, Mexico, South America and Europe. The

center-post is the U.S. economy, including its

stock markets.

The tent is the world-economy, built on a

mountain of artificial money and credit, created out

of thin air, by a politically engineered and

dominated central banking system, that has

mastered the art of legalized counterfeiting. It has

taken generations, to perfect this art and master

this tune, that plays to the drum-beat of billions of

dollars of false wealth created per week.

Not too many years ago, it was against the law to

counterfeit money, including by governments or

banks.

And now what: Gold going up?…in the midst of

spreading Deflation? How can this be!

I've been visiting the Kitco site for about a year

now; and it is evident from the discussions there,

that most of us are still deluded by, and caught up

in, the artificial Santa-Clause Economy built on the

BIG LIE: money and credit created out of nothing.

This insures an over-extended, artificial, seemingly

benevolent economic summer that may last for

generations. All the while the masses

misperceptions grow, while the money-masters of

power, in the world, in control of interest rates, of

credit availability, and of the volume of money

flooding the world….they thus become economic

dictators in hiding….ruling over the ultimate value

of the money you earn, spend, invest, and save for

a 'rainy-day or retirement, or the kids'' education.

The world over central banks have evolved with

their governments blessings into a quiet, awesome

club of collusion and unbridled power. They hold

in their hands the destinies of nations, and the fate

of millions. Reginald McKenna, a 19th century

banker of England said: Give me control of a

nation's money, and I care not who makes the

laws.

It is, in fact, very natural, for gold to go up, as

deflation intensifies. Just as it is very natural for

gold to go up in inflationary times, as well. That is

because the inflation and deflation are happening

to the paper currency, the artificial money of the

realm. Inflation and deflation do not happen to

gold. And it is artificial, unbacked money and

credit, once it is spawned out across the world,

that ebbs and flows by the billions and trillions,

thus distorting and manipulating the economies of

the world's nations. Once this spreading cancer is

set in motion, the economies and countries grow

increasingly out of balance, and ultimately out of

control. And it almost always starts showing up in

an obvious way with with currency instability,

which was the root of the problem to begin with -

unreal currencies. Just ask the hundreds of

thousands of Asians who have just been laid off,

or reduced to 30% of their previous income, almost

overnight.

The ignorance, misconceptions and confusion

grow, because we seem to live in enduringly good

times. And the BIG LIE – that artificial money

created out of nothing is real money -- has had

generations of time to take root: in our institutions

of higher learning, in the board rooms of our most

brilliant corporations, at the family dinner table

discussions of what we studied in school today,

and in the not so noble halls of government offices

across our fair land. What we have failed to

understand, or have forgotten, is that the basic

standard, the unit of a nation's money -- the

medium of exchange and store of value -- is the

foundation of, and the fundamental building block,

upon which, a nation's entire economy is built. It is

essential for this unit, this standard of money, to

be freely, willingly , and universally acceptable

because it is stable, real, and can be trusted, by

any and every one.

Historically only gold money, or money and credit

units convertible to and backed by gold, have

endured as real money, immune to both inflation

and deflation. Gold is independent and free of

manipulation and control by any governmental

powers and special interests. John Adams' words

of 200 years ago are just as timely and important

today: All the perplexities, confusions and

distresses in America arise, not from defects in the

Constitution or confederation, not from want of

honor or virtue, as much as from downright

ignorance of the nature of coin, credit and

circulation.

Real money, gold, endures as stable and trusted

currency, regardless of governments that rise and

fall, and economies that go through there natural,

moderate, non-manipulated cycles of economic

summer and economic winter. Politicians resist

gold-based money, because it strictly limits them,

and disciplines their lust for power and control,

along with their intimate banking friends. This

means that economies no longer remain in

balance, and ultimately, over-extended economic

summers, are followed by inevitable, and very

painful economic winters. All of this excess to

excess, is unnecessary, and would be avoidable, if

a gold standard money system were established

and honored, among the community of nations.

The brilliant Ludwig von Mises, of the Austrian

School of Economics put it this way: The

eminence of the gold standard consists in the fact

that it makes the determination of the monetary

unit's purchasing power independent of the

measures of governments. It wrests from the

hands of the economic czar their most

redoubtable instrument.. It makes it impossible for

them to inflate. That is why the gold standard is

furiously attacked by all those who expect they will

benefit by bounties from the seemingly

inexhaustible government purse. ( The truth and

wisdom from this master-teacher of true

economics, might help us better understand why

there has been so much media coverage of

reported central bank gold sales, the last year or

two. )

Now, the last several decades of mushrooming

credit-creation world-wide, has led to a debt-ridden

international economy with careening markets and

collapsing paper currencies. This debt-ridden,

artificially propped up, international economy is

symptomized by over-built real-estate, with grossly

inflated values. World-wide, property values are

beginning to feel the effects of spreading deflation.

The recent deflationary free-fall in Hong Kong

property values, will likely spread next to Japan

and China. The deflationary world economy is like

a Titanic, and their are never going to be enough

IMF buckets to bail her out.

Also symptomatic of this international economy

beginning to mire in debt and growing deflationary

momentum, is the overcapacity of industrial and

technological production. This has resulted from

first of all, a glut of easy credit for the asking, and

now, the world is not only awash in red-ink, but

also in a glut of goods and services that most

people don't want, and fewer and fewer can really

afford. These kinds of glaring symptoms are the

recipe for spreading, world-wide deflation, with

ominous implications. When desperate Asian

nations want to import new cars to sell here at half

last year's prices, the protectionism, trade barriers

and trade-wars will be looming right behind.

For lifeboats, we best look to the historical lessons

of gold: gold unassailable, real money, and gold as

a haven of capital preservation in times of

economic crisis and currency turmoil. We got

ourselves into this mess by allowing our

governments and special interests to divorce our

money from gold backing and convertibility. At one

time, our currency was originally as good as gold,

a virtual receipt for real money. It was even

printed, right there on each and every U.S. piece

of currency: payable to the bearer on demand in

gold. It's enough to make our grandparents

generation roll over in their graves.

Deflation happens to artificial currencies and credit

instruments at certain times, just as inflation does

at other times, because they can be controlled and

manipulated by the powers that be. Naturally

stable economies, based on real money, are

immune to inflation and deflation, and the powers

that be -- their hands are tied, by the immunity of,

and independence of gold. I have an early 1930s'

chart of HM overlaying the DJIA. In 1973, I was

giving economics seminars in the SF Bay Area

entitled: What Makes the U.S. Economy

Tick…and Why it is a Ticking Time-Bomb. The

economy's turned out to have a longer fuse than

I'd figured/surmised, at that time. But now, the fuse

is, indeed, running out. From early 1930 to 1932

Homestake Mining appreciated approximately

500% while the Dow was crashing in wave after

deflationary wave, wiping out the livelihoods and

fortunes of millions who never knew what hit

them……sort of the way growing numbers of

people are feeling in Asia. And the Asian

Contagion is spreading, regardless of our

self-absorbed, insular, wishful thinking.

In my editorial./article of 2/98 I attempt to explain that regardless of inflation, or deflation, that gold will increase, which-ever

economic momentum......holds sway/accelerates.

For my more recent timing tools/suggestions

Feb. '98 ....... : --

that gold rises.......

whether by inflation ...

or ... deflation.

, might perhaps, be helpful to you all, depending on open-minded-ness.

Gold is but a mirror

of what is happening

with the economy,

the political 'czars',

the currencies - of the realm - 'and day'.

...........................

Here, as follows, is one of my short-term technical-timing

suggestions, for trading and investing decisions of timing.

Best wishes,

David Blair Macrory

essene@k-online.com

goldfever@k-online.com

TSE ejects YBM from 300

By SANDRA RUBIN

The Financial Post

The Toronto Stock Exchange booted troubled YBM Magnex International Inc. off its 300 index

yesterday amid questions about why it was there in the first place.

Two sources said the exchange knew of a damning British police investigation into a Russian

mobster with links to YBM before the company's listing was granted in May 1996.

Both said officials felt Canada's largest exchange could be on shaky legal ground in refusing

the listing because no one had been charged with a crime.

As reported in The Financial Post Wednesday, Britain's National Crime Squad concluded in

November 1995 that Russian mob boss Semian Moguilevitch was using Canadian markets to

legitimize money from large-scale extortion, prostitution, arms dealing and drug trafficking.

Moguilevitch was a director and major shareholder of Arigon Co. Ltd., a Channel Islands

company that was rolled into YBM.

The report said Canadian law enforcement officials had contributed intelligence to the

investigation, code-named Operation Sword.

YBM shares were trading on the Alberta Stock Exchange at the time and didn't receive a TSE

listing for another six months.

The RCMP refused yesterday to discuss what the force had told TSE or Ontario Securities

Commission regulators three years ago, saying the U.S. Attorney's Office in Philadelphia is the

only agency that will be fielding questions on YBM.

Const. Michele Paradis said what the RCMP may have told the TSE -- and when -- is all part

and parcel of a U.S. criminal investigation.

Anything right now that has to do with this investigation, whether it's at the beginning [of YBM]

or at the very end, is part and parcel and could conceivably affect the court case later on,

Paradis said. The last thing we want to do right now is jeopardize the court case because of

something we say.

Anything that could be given in evidence can not be given out.

She said the RCMP has been assisting U.S. agencies, which swooped on YBM's

Philadelphia-area headquarters last week and carted away a truckload of documents.

The raid was co-ordinated by the Organized Crime Strike Force of the U.S. Attorney's Office,

and carried out by the FBI with customs and immigration agents on hand.

Meanwhile, YBM broke its silence on the Moguilevitch connection late yesterday, with a

statement saying that while he was one of the original 31 shareholders, he is not a director or

officer of the company, has never exercised control over the company and has never had any

involvement in the management of the company.

It appears he still holds a stake.

YBM pointed out that charges of conspiracy to handle stolen goods were dropped, and said it

disclosed the proceedings to the TSE and ASE. It did not say British police blamed the

collapse of the case solely on a lack of co-operation from Moscow.

The company's statement also said another Russian mobster, Sergei Mikhailov, is not a

registered shareholder.

YBM maintains no non-institutional investor has more than 3.2% of its shares, although it's

nearly impossible for anyone to verify how much any investor owns if their shares are held in

street names.

The TSE was not available last evening to comment. But a spokesman said earlier John

Carson, senior vice-president of regulation, had nothing to say yet about a review of the

circumstances surrounding YBM's original listing.

The exchange removed the shares ( ybm/tse ) from the 300 index under a policy that states a

stock's status will be reviewed if it is halted or cease traded for five consecutive days. It said it

valued YBM shares at 0.05¢ each for index calculation purposes, since the last traded price

of $14.35 does not reflect recently announced information about the company.

On a less positive light, I noticed that the Xau has been showing some rather bearish activity for the last week on an intraday chart -- rising up quickly in the morning, but steadily falling the rest of the day -- not a good sign at all. I didn't spot this till today -- still learning. If gold bullion does not move up soon, we are in for a short - term bath in gold equities.

On the other hand -- something very bullish for gold is slowly taking shape in Russia -- storm clouds slowly gathering for the Europeans.

I must admit, simply buying gold bullion does look like a better investment these days then buying the higher yield, but more volatile gold stocks.

Incidentally, have you been following the Russian situation? Looks more and more bleak to me. Their markets went down nealy 30% in the last 10 days for no apparent reason. That should cause alot of gold buying in Europe when the Europeans begin to realize what is up -- trouble ahead, unfortunately in a country that knows little else other than communism, and where purges have removed the individuals most likely to bring that country around. Makes me think of the Fatima prophesies.

Welcome aboard -- and I apologize for the lack of a better welcome -- but I think you understand!

When the fall comes, intermediate correction or something else, you can be sure of one thing; It will be swift.

For those of you interested in charting, or technical data:

the pattern of 'Commmitment of Traders' charts, as depicted in charts I subscribe to, from Commodity Trend Service's Futures Charts ( - for more info. &/or subscription, call them at 1-800-331-1069, or visit their web-site at http://cts.dearborn.com>http://cts.dearborn.com ) ....indicate a pattern of base-building for the gold market ( - see their weekly charts for gold prices, and Commitment of Traders patterns. ) This pattern of lower highs for net-buying of Commercials, as gold prices have steadily worked lower, since July, 1997, until/into March, 1998, is very bullish.

I repreat, since July '97, into/thru Mar '98: The commercials, and their 'lower net buys', at successively lower goldprices, is a bullish pattern, for precious metals. I urge those interewsted, to re-read, and study this pattern. This is the obvious accumulatuion pattern, by commercials, beginning in July '97, thru March, & into the current period of Apr-May, '98. Whether this accumulation pattern is completing, for commercials in the gold market -- remains to be seen. But again, this building, accumulating pattern, as it has been mapping itself, since July, 1997; confirms that a base or bottom,

in gold markets, is forming/has formed ( - for this investment/trading period/opportunity. )

A similar bullish pattern can be identified in the cotton market, with the Commitment of Traders net buying - declining - as prices have denclined, since Dec. '97.

I repreat the importance/significance, of this Commitment of Traders' pattern. It is an EARLY indicator, and must be used, if effectively, with a combination of other technical indicators, such as moving averages, on-balance-volume, stochastics, MACD, roc, etc.

Although there is often more heat than light on the Kitco board, there are enough of us, here, who sincerely seek the 'truth' of markets and timing - in particular, for the prospects of gold/precious metals.

Best wishes to you all.

Sincerely,

Davd Blair Macrory

if you wish:

email me at essene@k-online.com or goldfever@k-online.com

( - for more info. &/or subscription, call Copmmodity Trend Service, at 1-800-331-1069, or visit their web-site at http://cts.dearborn.com )

I got murdered on this one today!

http://onaxis.com/cope/cope.html

India Says Pakistan Opens Fire in Kashmir

http://news.bbc.co.uk/hi/english/world/s/w_asia/newsid_97000/97794.stm

Oris -- are you sure your contacts are on the level? Sounds very bad to me.

Since you mentioned this - I never thought to ask E-Gold if they are Y2K-proofed. Any ideas?

You are one of our resident experts on Y2K......what's likely to happen to all those slot machines in Vegas or Atlantic City ( with their imbedded chips ) when the date rolls over? Should we take our 5 gallon buckets and get ready to load up? Just thought I'd ask - I have relatives who work in a couple of those casinos.

Are you from Indonesia, by any chance?

All: I am no banker. Perhaps Donald or someone else can tell us what this might do. Of course, the Rothschilds might have purchased a custom package -- lips would be sealed about that, I'm sure.

But they may have their own ideas about what kind of paper gold. Second possible fact -- perhaps the Rothschilds are setting up their own 'paper gold' transaction system, just in case the public ones melt down -- for any reason, y2k being only one reason. Third possible fact -- perhaps the 'paper' gold prices are already far from equilibrium, or the Rothschilds are trying to bypass the US dollar entirely. Why should they bother with the US dollar when they have all the gold they need -- for any transaction they might need.

And -- if they set up their own transaction system -- they can set their own rules as to what 'paper' gold should be. Bet they are much more conservative than even the LBMA about that.

http://www.freerepublic.com/forum/a268148.htm

away...to search for big bergs

Éß

----------------------------------------

I too am convinced the next najor move will be up, but a final

spike lower would not be surprising. Gold stocks and bullion up just modestly today despite a sharp drop in the

greenback.

----------------------------------------

Classic Kitco.......yup.

away.......to chuckle myself to tears

Éß

straddler - I don't see it either.....daily-weekly-monthly, nothin', nada, zilch. He must be looking at ANOTHER chart. I see choppy to flat market through '98.....sell ALL good rallies. Highs of '98 will not ( I repeat ) NOT exceed 340.......UH UH. Buy Plat. UH HUH.

That brings up another point. He said that 'paper gold' was not a problem because the physical price of gold was within 25% of the price set by derivatives trading. I think he also said that COMEX is where the actual price of gold is set. We now know that COMEX is almost certainly just an empty facade, gold ( and silver? ) wise, and that the real action is in London or elsewhere. If he is getting bad advice on technical trading he could very well be getting bad advice on derivatives trading as well. Food for thought.

Always question your sources, and check for inconsistencies. No one person is likely to have access to all of the puzzle - especially with gold investing.

I agree with your assessment, at least for the XAU.

Short-to-intermediate term I think we go up, but when we get to overbought level on short, intermediate, and long-term indicators, that'll probably be the end of this move.

This is also what the INPATHIQUE chart was also showing at their last update - another move up, then a correction, then up again for the final top. Then down big time.

Just now we are near-overbought only on the long-term XAU chart, oversold on the shorter-term charts.

The Justice department individuals I referred to -- who want Clinton out -- were the 'named' sources for the top secret information leaked out in the Friday or Sunday New York Times bombshell. This is the first time I have actually seen names of anyone in the Justice department in relation to bad news for Clinton. The way I see it is that people like Janet Reno are not able to totally suppress the truth, and fortunately some individuals are now speaking out, like those 4 AFIP forensic experts who did or witnessed Ron Brown's autopsy.

The tide is slowly shifting, abeit a bit slowly. We must be patient -- there are some honest people left in the US.

http://news.bbc.co.uk/hi/english/business/newsid_97000/97438.stm

The simplest/cheapest way to do this in a very dilute solution such as drinking water, is probably to use lime ( CaO ) or limestone ( CaCO3 ) in contact with the water, followed by filtration. Just passing the water through a bed of crushed limestone rock followed by a household water filter will probably do the trick.

http://tiger.golden.net/laird/

I am very interested in what you seen in the stars for BC now that the House, defense department, Secret Service, and members of the Justice Department are after him. Also I put some of the family fortune ( ha! ) into PAASF -- so I ( and others here ) would be very intested in what you think about their future too!

http://www.iqc.com/chart/default.asp?period=180&time=day&chart=candle&chart1=bb&volume=y&stochastics=y&momentum=y&symbol=PAASF

http://www.iqc.com/chart/default.asp?period=180&time=day&chart=candle&chart1=bb&volume=y&stochastics=y&momentum=y&symbol=DROOY

Your article indicates gold is the ultimate Contrarian play - as a Contrarian, and with the evidence in the XAU charts posted below, I have to agree and to be ( cautiously ) bullish here. The next few days should prove the direction of the market; as Preacher says, we are at a critical junction. If wave 3 shows, it should be a whopper.

This is not investment advice - just my opinion.

http://www.iqc.com/chart/default.asp?period=120&time=day&chart=candle&chart1=bb&stochastics=y&momentum=y&symbol=%24XAU.X

My reading of the XAU from these charts is Short and Intermediate-term oversold, Long-term near-overbought. Looking for a turn soon.....hopefully up!

http://www.wavechart.com/systemtrader/gold.htm

http://tiger.golden.net/laird/TimeXAU.htm

Seems as though CBS Market Watch is 'problems'. Hmmmm, I guess Galaxy IV does matter....

is good for rangy. I covered this item

maybe a month ago. In December 1997, Rangy

agreed that Deeps repay a debt to rangy in

the form of Deeps stock .. Thing was deeps

was trading about 7 to 8 rands at the time

and that will be be basis for repayment.

Obvious good deal as deeps now trades almost

twice that price. I hold both rangy and deeps

so I dont care. Despite this I cant see Rangy

moving up now till good news comes from Mali

which will be July end earliest. ( but then

Im wrong a lot Murrstein ) .

Only stories from Mali now are from

beer drinking analysts in Joburg some of

whom have never seen a tree. They speak of

snakes mud human sacrifice witch doctors

giant apes named KONG and prehistoric

beasts. One day they will be overheard by

a journalist. Stories will then appear in the

press. Next someone on Kitco will post it.

This is by way of a preemptive strike.

I will find an earlier date or we can wait until Mike Posts it.

away...

Éß

away......with my profits....... ( ugh ) .

Éß

Now, what did I do with my peanut butter cookies and cereal boxes and babe......er baywatch......................I is a 'murican ya' know........howdy y'all.............yuk-yuk ( said in my best Deputy-Dog accent ) . And where's the beef!.... ( ? )

away.......to live my life like a beer commercial.......and bash other countries......best I can.......uh huh.

Éß

poorboys - I hope that BiG lizard thumps you on the head so you SNAp out of it............... ( holy mackeral ) ....what's gotten into you

go silver......ohmy. ( note to kitco: EB went long.....so it's safe to sell hell out-o-the-market...... )