http://search.washingtonpost.com/wp-srv/WAPO/19980522/V000152-052298-idx.html

Sorry -- My previous post about Chinamisslegate was from Bill Gertz of National Review, not Jeff Gerth. I was looking for Matt Drudges claim that Jeff Gerth already has a response to the CIA/Whitehouse releases. I guess we have to wait for the Saurday and Sunday New York Times.

I like your second analogy -- that the public is tolerating BC because they don't want to rock the boat. I don't think the average person knows how shaky things really are, either.

But they will turn on any president who is in office when this thing breaks, or even significantly weakens.

By the way, I read somewhere that most people are thought to be genetically programmed not to 'rock the boat'. It is amazing how much the average person can tolerate if the change is very slow. But -- just as we see in Indonesia --- there is a distinct temporal and spatial ( change ) threshold for action. And then -- no politician can stand in the way of what the people want.

After trashing Windows 95, I spent the last couple days rebuilding my OS. Since I am a fanatic about backup, I lost no data, but I am well and truly sick and tired of this damn computer for the week.

No real news in gold. The big story has been the drop in silver and platinum. Next week will be NAB, yes?

Indeedy

On a more serious note -- while you're here -- anything about the Dutch Gold sales? Any news from the precious metals floor traders?

I think the most fascinating mystery these days is not the gold situation, but what is happening with the US dollar -- behind the scenes. Just where is AG putting all those dollars, and if there are US treasury buyers put there, what premium has he been forced to pay to get them to step up to the plate?

Yours curiouser and curiouser, Promey

Yes

http://www.freerepublic.com/forum/a270134.htm

First primarily, in the first place to begin with: beginning, then leading inevitably to second place secondarily.

Next to this, then again also in the next place, becomes incidentally not as before.

Once more, moreover…furthermore: likewise besides similarly - for example i.e. for instance ANOTHER?

Then nevertheless still however. Now at the same time yet, in spite of that, on the other hand or on the contrary entirely; certainly and most seriously surely doubtless indeedy.

Perhaps, even possibly - probably anyway.

Lastly In all probability and likelihood, and in all events in any case:

Therefore consequently accordingly thus, as a resulting consequence of this, might and should well be expected by merit and virtue of the forgoing and preceding as already stated and previously mentioned.

Thank You

I ‘m still laughing over your last post.

A Bright Morning to Ya.

but alas....it will most likely be a 'correction' if direction is down.......don't fight it ;- )

away........to the weekend....yahoooooo!

ÉßeerFestThenBluesfestw/NevilleBros......ohmy ( ! )

Heard over syndicated radio the U.S. Congress is considering raising social security age to 70. Which means, according to actuarial tables, that most of us male people will never see it. Essentially, it's gone.

Announcer also indicated the Congress is studying the possibility of investing S.S. funds in the U.S. stock market.

And I say,...

DON'T P_SS DOWN MY NECK AND TELL ME IT'S RAINING!!!

What they're saying is WE ARE going to raise the pension age to 70, and WE WILL find a way to fuel the stock market with moneys whose OFFICIAL source is the Social Security System.

WORLD gold consumption has been slashed by more than half as a result of the Asian economic turmoil.

According to the World Gold Council, the economic turmoil has caused an unprecedented increase in gold supply in the first three months of the year.

It said the period saw large-scale sales of gold back to the market, particularly from countries faced with a dramatic decline in the value of their currency.

The report by the council said the consumption of gold declined 55 per cent to 342.1 tonnes during the first quarter of 1998.

The gold collection campaign sponsored by the South Korean government, together with net sales from the private sector in Indonesia, brought a decline of 70 per cent to 177.8 tonnes and were the main reasons for the increase in the supply, according to the report.

It was net sales back to the market in just two countries that did the damage to the demand statistics during the first quarter, said George Milling-Stanley, manager of Gold Market Analysis. There was nothing intrinsically wrong with the underlying trend in gold demand, with good growth being recorded throughout the rest of the world. Gold gave a powerful demonstration of its traditional role as a store of value and an asset of last resort, and that lesson has not been lost on the people from some countries.

South Koreans responded to the government's Save the Nation campaign with sales amounting to some 250 tonnes of gold to help the country repay its debt. In Indonesia, gold came to the rescue of citizens who sold back to the market, taking advantage of the fact gold price in local currency had almost doubled.

While there were no signs of any significant distress sales, consumers adopted a more cautious `wait and see' attitude, according to the council.

First quarter demand fell 5 per cent to 52.3 tonnes on the mainland, dipped 32 per cent to 28 tonnes in Taiwan and 11 per cent to 12 tonnes in Hong Kong.

Demand paused on the mainland in anticipation of a new gold pricing structure, the council said, adding an unusually wet season in Taipei and an economic downturn in Hong Kong dampened demand.

out if he meant lbs in gold or lbs in feathers. He

didn't know. That works out to about 875 oz troy.

That's a lot of gold, huh.

If you are right, it would be nice to know how many dollars per ounce the gold is worth. Could be alot more than $300/oz. Wonder what the premium was before there were any cuntomers.

You can delay the pain, but you cannot prevent it. Sooner or later, that old 'fiat' currency gets devalued. No matter what you do you can't get away from the moment of truth when you must accept the fact that gold is worth alot more than you say it is. Good thing there is noone out there who can mass produce gold, or we'd really be in trouble.

for the next several weeks to months ( just a feeling ) .

High rolling speculators need to employ extreme

caution over the near term.

Off the subject a bit but still pertinent, I talked

with my brother last weekend and he said he knows

a fellow who has over 60 lbs of gold which he adds

to regularly. He told me that the fellow had been

buying a lot of palladium coins lately ( I didn't

think there was such a thing ) . This fellow was

telling my brother The sky is the limit for

palladium. How quickly the sky falls.

I am probably wrong but I would suggest that PM

investing be reduced to the level of hobby for

the near-term.

With my past record of PM investing this

recommendation could also be used as a contra

indicator.

Hoping you the best of luck!

These can be calculated incorrectly, sampled improperly, mis-weighed,etc., leading to erroneous conclusions. Coupled with a company willing to release this report, with ZERO drill holes, raises all sorts of warning bells. I evaluate emerging gold discoveries for a living and while this property is worth investigating none of the material from what I have read on their website could be classed 'proven'.

Now having said that, you can make a ton of jing on promotional properties as a shareholder, just get out before the s**t/fan interface.

All: You should see Michael Kosares USAgold daily summary, if you have not. The rumor from James Turk is that the Dutch CB wishes to sell gold before official EURO gold reserves are announced. Thus, the reasoning is that the time to buy gold is on the date of the announcement of Dutch CB sales. Interesting. However, I wonder if the Europeans really want anyone to know just what the internal or external gold reserves are to be. Their currency so far seems to be a 'fiat' one.

I really think any soldly gold-backed currencies are going to come first from SEAsia, not from the EURO. The pro-gold stance of Germany ( and France ) will be diluted by the other members of the 'committee'. The EURO does not seem to be closely associated with the BIS, whereas China, and certain moslem nations seem to have more in common.

Here's new news:

http://search.washingtonpost.com/wp-srv/WAPO/19980522/V000571-052298-idx.html

Most of the more seasoned Kitcoites may get little out of the perusal, but those who are newer to gold may learn something. Just as we have learned about Frank Veneroso's lack of techical prowess, every source that we have about gold has its own unique strengths and weaknesses which need to be discerned. No single source should be taken as gospel, but it is also best not to ignore any potential sources of information either. The is the essence of the whole internet ( information ) revolution.

I guess the best way of putting this is that most of the best cutting edge technical stuff about gold is still to be found on Kitco - not elsewhere. Thank you, APH, RJ, D.A., Cyclist, EB and others. And most of all Bart Kitner.

Suppressed all this time? Not good.

Another sleight of hand would be to quietly raid the entitlements -- if there is anything left that has not been raided. You can bet that WJC will do everything in his power to keep the markets up. Anyone who is capable of destabilizing the world nuclear balance for profit is capable of raiding Social Security, or boosting the national debt for some other administration to worry about 10 years from now. Imagine the pressure he must be putting on AG not to disturb the markets.

On the other hand -- the dollar does need to come down abit -- right now.

Funny you should compare it to guns....I was just wondering if marijuana has killed 6 people yet. Of course, if they legalized drugs, how could they justify total reportage of all our financial transactions and all those other measures taken over the years?

William F. Buckley wrote an open letter to Ron Reagan when the latter was considering starting the big war on drugs, I think it was 1983. I no longer have that issue, but he was as precient as ANYONE I've ever read. He predicted the rise of the gangs, the losses of freedom, the high cost to government, and compared it to the rise of the gansterism in the prohibition. Anyone out there have a copy of it? My library no longer has that issue.

After all my losses, I am still a believer but am afraid of my own judgement. I have small position in Rangy thanks to Vronsky. I prefer NA stocks so I can keep up with them easily.

Thanks in advance.

away...to excercise and stay fit in all ways..... ( counting my lucky stars ) ...

Éß

go silver...... ( dammit ) ( ! ) .

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

funny stuff that...

away...to clean the mess

Éß

http:///cgi-bin/comments/investment/display_short.cgi

Top 10 Holdings ( as of 31-DEC-96 ) - Per Gabelli website

Randgold & Exploration: 8.14%

Stillwater Mining: 4.73%

Goldcorp Cl A: 4.53%

TVX Gold: 4.14%

Newmont Mining: 3.96%

Guyanor Ressources Cl B: 3.75%

IAM Gold: 3.72%

Bema Gold Cv 7.5%:

Euro-Nevada Mining: 3.10%

Randgold Resources: 3.03%

A review of the report by POLARBEAR & John Disney might prove fruitful - RANDGOLD - South African Mining - It WILL be necessary to delete the extra letters en in word golden of the following URL:

http://www.golden-eagle.com/editorials_98/polarbear031798.html

I have another guess on this matter. AG will not want to increase the money supply directly, as that would go right into the stock market bubble. No matter what, he cannot raise rates under the world is safe for fiat currencies ( ha! ) . I'm sure he would use Houdini or David Copperfield if he could -- to give Japan/Europe real assets, and at the same time not inflate the dollar.

Perhaps Donald can explain to us what AG's options might be.

By the way, didn't he sell all of his zero-coupon bonds months ago? Now -- when he starts selling Coke and McDonald's in a big way, we should really stand up and take notice.

I would not even venture a WAG as to the eventual value of Golden Eagle stock. Nonetheless, I will give you a logical way for you to determine that for yourself. Review John Disney's incisive & insightful analysis THE MELODIOUS SYMPHONY OF HARMONY, comparing Barrick Gold ( $21 ) and Harmony Gold Mines ( $5.25 ) . It WILL be necessary to delete the extra letters en in word golden of the following URL:

http://www.golden-eagle.com/south_africa/regional_analysts/disney051498.html

Also, the mistaken general view among the population is that gold can be mined and brought to market around $USD 230.00 per oz is undermining the POG.

My question is what PM investment would you recommend at this late hour. I have some powder left and would appreciate any and all recommendations.

Thanks in advamce.

Per YAHOO REPORT Bolivian Mine tests indicate possible reserves and resources of legendary King Solomon Mines. Detailed info about the company may be found on the G-O-L-D E-A-G-L-E homepage - once there just scroll down TILL you see the Golden Eagle banner. It WILL be necessary to delete the extra letters en in word golden of the following URL:

http://www.golden-eagle.com

Unfortunately, when one plays nucear 'chicken' there are no winners. Unfortunately the more players we have, the more likely someone does something stupid.

http://www.newsday.com/ap/rnmpin1o.htm

I guess B Yeltsin has no money, so he is scolding them instead.

This scenario should apply to Hawaii, Vancouver, and Northern California -- anywhere Japanese money has made a difference in the past. If you own real estate in these areas, I would be cautious.

Personally, I am not sure real estate is a good investment these days, but if it is, it will be at American Vacation spots, or idyllic rural locations. The exodus from the suburbs to rural locations is continuing, and it is being driven by the aging US baby boomers who are approaching their peak earning years.

It is very clear to me that our current executive department ( BC et all ) is interested only in votes and a quick buck. All of our defense secrets are for sale. Please note in particular the shenanigans of the Commerce department while Ron Brown was still an asset, not a liability. National security or world peace is a distant secondary consideration for this administration.

The only solace in this is that a critical mass of people within inner circles of the government now know what is going on, and they are hopping mad. Clinton's days are numbered. We may not see significant change until Clintons term is over, but this hidden groundswell, coupled with the later clamoring of the general public when the markets wilt ( eventually - perhaps not this year given 'flight to safety' of funds to the US ) will force government leaders to listen to the peoples needs. I am somewhat optimistic about the future -- we must be patient.

Forbes is almost as good as the

Economist.