away....to add more 'stuff' to ponder

Éß

anyway.....I am trying to figure out this Cotton thingy myself. I am on the right end of cotton though.......this time. ;- ) .... ( yahoo! )

away........to w/w

Éß

In fact it is BOOMING......uh huh.

away.......to the gin

Éßeliwitney

A man runs into the vet's office carrying his dog, screaming for

help. The vet rushes him back to an examination room and has him put

his dog down on the examination table. The vent examines the still,

limp body and after a few moments tells the man that his dog is dead.

The man, clearly agitated and not willing to accept this, demands a

second opinion. The vet goes into the back room and comes out with a

cat and puts the cat down next to the dogs body. The cat sniffs the

body, walks from head to tail poking and sniffing the dog's body and

finally looks at the vet and meows. The vet looks at the man and

says, I'm sorry, but the cat thinks your dog is dead too.

The man, finally resigned to the fate of his dog, thanks the vet and

asks how much he owes. The vet answer, $350.

$350 to tell me my dog is dead?! exclaims the man.

Well, the vet replies, I would have only charged you $50 for my

initial diagnosis. The additional $300 was for the cat scan.

until the market was as thin as possible?

So what's the motive to sell gold into a thin market? To drive the price down. What's the motive for the seller to drive the price down? To buy it back later at a lower price? Takes a lot of coordination among a lot of countries that aren't all that friendly with each other. My guess is that it's more a simple matter that gold is being sold by distressed parties to cover short term obligations and getting bought up almost as fast by countries with strong currencies and lots of debt to build reserves to defend against the devaluating effects on their currencies when they start to choke on their debt. Cycles in capitalism are all about debt, and even though the dollar is riding high now, ultimately the country holding the most debt when the music stops is the biggest loser. Which would you rather be holding when the default dominos start to fall, dollars, US Treasuries, Swiss francs, or gold?

Insider selling of stocks picked up considerably some

weeks ago, much of it by fund managers out of their

personal accounts even as they encouraged their clients

to buy more. Many advisory services have now begun to

be negative so I guess they about done with getting

their own butts out of the fire.

You got that right. Two financial advisors I know have over just the past two months gone from calling me a big 'ol bear ( this from a 26 year old fund manager ) to telling me they personally are out of the market and are fearing for their future. One told me she has clients calling her all day long ( she says, rolling her eyes ) asking about Y2K and telling her they're literally stuffing cash under the matress.

Much of this money will just sit as cash and/or go into

short term treasuries. Flight capital is not going to

be in anything long term right now.

I agree. They're in for a couple of gnarly surprises, to wit:

1 ) The government can legally turn your short term treasuries into long term treasuries ( Sure you can have your T-Bills money back, with interest... in five years )

2 ) Your broker doesn't have to give you cash. When you sell your crashing mutual fund, he can give you crashing IBM stock instead of cash, if that's all he's got.

The market will crash, the economy will start down, and

eventually longer term bonds will begin to look good if

there is any expectation the Fed will lower rates.

Lowering rates is the first thing the fed will do to try to get the plane's nose back up again, to use your excellent analogy. I've been thinking lately I might diversify into bonds for any money I will not need access to for a while. I'm 20/80 gold/cash.

If during any of this sequence cash and treasuries start

to look risky there will come a renewed interest in

precious metals and other forms of real assets.

Regarding my earlier point, the dollar will be hit hard if we have a depression, since depressions are all about clearing debt out of the financial system, and who's got more debt than the USA? Last time 'round the US was a creditor nation. The US doesn't have that advantage now.

Any number of things could triger this. A bank or

brokerage house failure, a crises in the white house,

unexpected death of a key financial figure and so

forth.

The list of possible crises is endless, but isn't that always the case? Haven't we already had enough crises to create this effect? Imagine the effect on the stock market and gold prices of Pakistan/India nuke tests in 1980. The problem now is that the US thinks it's invincable, immune. That's why the US stock market shrugs off the collapse of Asian economies. Until the lightening starts lighting the night sky in NYC, gold will languish.

-EJ

http://dailynews.yahoo.com/headlines/human_interest/oddly_enough/story.html?s=z/reuters/980601/odd/stories/cash_1.html

BBML

In my last query on starting a new cold war, I wasn't thinking in terms of US/China relations, oh no. Rather, seeing the news out of Iran that they're ready to cozy up to Pakistan and settle their disputes over Afghanistan. And the excitement of the Palestinians ( reported in the Iranian news this morning. I followed the link from Kitco ) about the Islamic Bomb. Pakistan says they can make 'em. Iran wants to buy 'em. We're seeing a major shift here in alliances and power. India/Pakistan, Iran/Israel? You see? Patterns shifting all over the place. What would it take from here to generate a new jihad?

http://www.bloomberg.com/markets/asia.html

http://web.kyoto-inet.or.jp/people/je3tbc/html/sthome.html

One of the most effective anti-gold indicators known is a dropping commodity price index. I forgot to watch -- and it got me, too. Indicators are not much good it you forget to watch them. G'nite all!

http://quote.yahoo.com/q?s=NEM&d=1d

http://quote.yahoo.com/q?s=CEF&d=1d

Just where is that new cycle of devaluation going to start this time? South America? How long will it take for the gold and silver markets to absorb the Russian gold and silver? My guess is that the silver markets are hardest hit by the tonnes of silver leaving Russia -- is this discounted already?

St Petersurg Times [Russia}

May 29th 1998 Bradley Cook

Clinton's China Syndrome

By Bradley Cook

U.S. DEFENSE analysts are wide-mouthed in awe over recent reports in The New York Times, The Washington Times and other newspapers, of the extent to which U.S. President Bill Clinton's administration has supported the massive transfer of military weapons technology from hi-tech U.S. companies to the People's Liberation Army of China. This transfer of technology has allowed China to vastly improve its guidance system for nuclear missiles. Even more astonishing is the revelation that China currently has 14 nuclear missiles targeted on the U.S. West Coast, and that Clinton overruled his Justice and State departments and the Pentagon to ensure Chinese access to technology to improve the accuracy of these missiles.

Human rights organizations continually accuse China of massive ongoing atrocities - including torture, executions, slave labor, human organ sales, arms proliferation and repression of religion - and provide documentary evidence to back up these allegations. In 1994, Clinton refused to make these human rights violations a factor in granting to China Most Favored Nation status, or MFN. MFN is a U.S. commercial designation that has been worth hundreds of billions of dollars in U.S. tax breaks to the PLA. As New York Times columnist Abe Rosenthal wrote last year: The great part of U.S. business in China is with companies and cartels controlled by the Chinese military. The Chinese military is the PLA.

Consider the treatment given by the U.S. to China - a regime guilty of murdering hundreds of pro-democracy students in 1989 - and to India, the world's largest democracy. Clinton last week imposed a host of economic sanctions on India as punishment for nuclear weapons tests, cutting off virtually all U.S. aid, barring American banks from making loans to the Indian government and restricting the export of computers that might have military uses. Clinton issued these sanctions against India despite Pakistan's announcement in April that it had successfully tested its longest-range missile and is now capable of striking targets deep inside India; and despite Indian Defense Minister George Fernandes' assertion that China provided Pakistan with the technology to improve their India-targeted missiles.

Meanwhile, China's trade surplus with the United States since 1989 ( the year of the Tiananmen Square massacre ) has resulted in $105 billion in hard currency reserves. These reserves, according to military intelligence analysts, are being used by the PLA to buy Russian submarines, ships, planes and anti-ship missiles, all targeted on the U.S. 7th fleet in the Pacific Ocean.

A Chinese military attack against the United States? In 1996, Lt. General Mi Zhenyu, Vice Commander of the Academy of Military Sciences in Beijing, was quoted as saying, [As for the United States], for a relatively long time it will be absolutely necessary that we quietly nurse our sense of vengeance ... We must conceal our abilities and bide our time.

The fact that the Clinton administration has allowed China not only to gain sensitive military technology but also to stuff its war chest via MFN status is made even more alarming by a U.S. Defense Department report on China's military intentions. The report, titled Selected Military capabilities of the People's Republic of China, concluded that China is focused on developing a capability to fight short-duration, high-intensity wars in the region and defeating the U.S. Navy.

In 1994, a computerized war game at the U.S. Naval War College conceptualized a sea battle between U.S. and PLA navies off China's shores in the year 2010. The battle hypothesized that China continued to acquire military technology at a rapid pace - a pace that has accelerated with Clinton's approval. The game, which Pentagon officials have refused to talk about, ended with a PLA victory, according to reports in the military newspaper Navy Times.

Despite the advice of his own security, intelligence and defense experts concerning China, Clinton continues to appease. He personally intervened last year to allow a PLA front-company, the Chinese Overseas Shipping Company, or COSCO, to take over one of America's most fabled navy bases - the Long Beach Naval Air Station in Long Beach, California, as well as the George Air Force Base near Victorville, California. With a telephone call from Clinton himself, COSCO was given the rights to the Long Beach base for 50 years.

When asked about helping China by giving away U.S. secrets at a White House press conference on April 30, Clinton gave this bizarre reply: We [U.S. and China] are trying to build the same kind of world in the future ... a very different kind of world.

So -- galvanize public opinion against private ownership of guns -- pistols, rifles, shotguns, etc. -- but permit various gangmembers, criminals, etc. nearly free access to Chinese assault weapons. How is that for the ultimate double standard? Does the current administration care about the safety of the American people, or about making a fast buck?

What do our allies and business partners all over the world think of our ethics? At one time I was proud to be an American.

http://www.federal.com/jun01-98/Story01.html

http://nt.excite.com/news/r/980601/07/news-pakistan

Bank failures start to cascade into the US... or

We learn that an oil for gold ( or gold backed currency ) deal has been reached....or

We find out who that one country is that was buying all of that gold that has been sold ( remember! it was also bought ) ...or

Someone calls in the paper, and asks for physical in return ...or ...or ...or!

I suspect we will all be asked to wait for that time. Perhaps, its something to look forward to, but increasingly I sense that our society will reap a terrible harvest coincidentally at that time.

Mother never said it would be easy. Did She?

Require plain English in new rulings -- perhaps a little English remedial education would be even more effective. How do you force anyone to use good English?

What cracks me up most is when I sold Rangy @ 1 3/8, and some guy got on my case and said I should not have been in it in the first place.

This ,because I didn't understand the fundamentals. I wonder what his opinion is today? One thing is for sure , he was right. I should not have been in it!

Goldbugs are truly lucky today. Presented with yet another buying opportunity.

Studio, ain' t this fun.

The last line seems a bit dramatic, don't you think? Poof?

The factories will still be there, with employees ready to work. The largest problems will be with the orders and invoices, and the companies that get caught with their pants down will have to set their machines back to 1993 and suffer or switch back to pencil and paper and suffer. Suppliers will still make supplies. Short term I'm concerned about embedded systems ( esp safety related ) ; Long term I'm concerned about data warehouses ( banks, etc ) . I don't expect any long-term manufacturing problems that can't be resolved. But then, who knows? I bought gold...

Are there any books on how to recover after making really bad calls? Seems just about everyone here has needed it at one time or another!

Hi, the moon. Welcome.

It sure is in the works……

When will gold go up?

Why look at the more fundamentals?

After reading The Professor you will get an idea where 'our' gold will go!

http://econ161.berkeley.edu/multimedia/USPCurve.html

And here is the calculator for it!

http://econ161.berkeley.edu/TCEH/1998_Draft/World_GDP/Estimating_World_GDP.html

( a bit to long )

Are these article's fit for a 'Gold' site or a' Good' site or a 'God' site?

RETIRED SOLDIER,

You will be better off. I was stoped in last Thursday!

S.

RUSSIA- OIL- IRANIAN CONNECTION- PRAYER'S for more Nuclear-resonance!

http://www.salamiran.org/Media/IranNews/980531.html#HLN06

Clinton and Gold not the only problems.--Palestine!!

What about it? Go to the other side of the world for an opinion.

Get more provoked!

S.

The hope for Gold may be Y2k. If that cannot revive gold, I don't know what can.

The International Economy is the Titanic, and the band is playing Happy Days Are Here Again. A lot of us think the band should be striking up Nearer My God To Thee right about now.

However, the IMF argued this week- end that it has only 15 $bn in uncommited resources and 25 more in the cumbersome mechanism of the general agreement to borrow. Hardly enough to cope with any new crisis of the magnitude of ASIA's.

As the IMF is out of money and the elected representatives in the US unwilling to commit much more money , new developments will be fun to watch.

Gold goes down, GOLD goes up ( not much lately ) Who cares?

Unless you scalp it , the conclusion will be the same. No sweat : Gold is out of favor and therefore about 300$ below its mean adjusted in $ over the last 600 years.When the tide turns ( and that is the interesting point )

it will overshoot the other way.

THANKS

What're you hearing about plat? short-term, mid-term? Talk to me.

Thanks! dj

away........to sell some cotton 'holdings'

Éß

http://chart5.bigcharts.com:80/report?r=cobrand&site=avidtrader&onbad=cobrandsymb&symb=bost&time=7&uf=0&sid=11488&sec=c&xyz=18468969&s=14719

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

looks like a bargain to me.............

away.......to eat some chicken

Éß

I bought NO plat today........will w/w. JohnD's 'Genes' say to wait......so I'll wait. This blessed gold is holding up the works. Midas seems on the edge of the abyss..........step back Midas.......take a LARGE breath.................tomorrow is a new day......uh huh.

Perhaps all these years the BIS has been hanging this over our heads. Shipping invoices, etc? That would make much more news than the Nazi gold sent to Switzerland. Of course, after these years, it is doubtful that anyone would believe the BIS -- but perhaps the threat of disclosure is still effective. ( This is all hearsay, but needs investigation ) .

The next question is -- if this actually happened, where is the gold now? Spent? Not part of the safekeeping bullion stocks at the NY Fed?

There is another reason why the Swiss are bearish on gold right now. They don't want to be left all alone with the rest of the world in deflationary collapse. Hence they must talk gold down, even if they do not wish to sell it. But -- this postponement of the inevitable cannot last much longer -- can it?

That will present the weight of the evidence for the future POG!

Yesterday, Skylark indeed posted a thought-provoking commentary! However, he inadvertently left out the due credits. The insightful and erudite analysis of the Asian Contagion is THE VERBATIM WORK of the globally-acclaimed market analyst, JOHN KUTYN. Unfortunately, Skylark copy/paste rendition was flawed by transmission errors, resulting in misspellings. The unblemished treatise is called Currency Chaos and Financial Collapse, - and may be found at following URL - you need to delete the extra letters en in the word golden before pasting the Internet address to your web locator:

http://www.golden-eagle.com/asian_corner/kutyn111597.html

Monday June 1, 3:07 am Eastern Time

Politics delay '98 PGM exports -Norilsk

MOSCOW, June 1 ( Reuters ) - A shake-up in Russia's government in the last few months has helped delay 1998 exports of platinum group metals ( PGMs ) , the deputy chief executive of Russia's main producer Norilsk Nickel ( NKEL.RTS ) told journalists at an investment conference on Monday.

Asked about Russia's PGM exports, which have been suspended since last December, Yevgeny Yakovlev said, I'm not very positive on the way things are being processed in the Russian government. It concerns that issue ( PGM exports ) as well.

President Boris Yeltsin sacked his entire government at the end of March, and wrangling with the opposition-dominated parliament held up confirmation of the new prime minister Sergei Kiriyenko – and other key decisions -- for almost a month.

Yakovlev said the politically sensitive process of approving 1998 PGM exports had also been delayed by the government shake-up.

This issue was delayed for another month or two, Yakovlev said. Asked what the outlook for exports was, he told Reuters, It's difficult to say. Russia accounts for 60 percent of the world's palladium needs and one fifth of its platinum consumption. Norilsk produces almost all of Russia's PGMs.

Although both a presidential decree and a government order setting out quotas for exports have been signed, export licenses and other technical documents have yet to be signed.

so why has platinum not taken off? anybody

I am optomistic enough to think that a new global structure could arise from these ashes that does not require the hedgemony of a super power or the enslavement of debtors to ensure prosperity, a system of trade & commerce that is not hostage to stealth & surprise attack devaluations, a system where the cost of money does not include a hugh premium for the uncertainty of the intrinsic value of the currency

itself.

Gee

Memories of the Souk al Manakh

How large can a bubble grow before it bursts? Farther than

you think. And there need not be a fatal pinprick that makes it

burst. And when it bursts, the crash that ensues can be deeper

and more discontinuous than you could ever imagine.

The Sheik of Abu Dubai was the richest man in the world at the

time and the Ruler of Dubai was also quite well to do. The five

other sheiks who had no oil were poor cousins.

In the end I mustered the courage to tell the truth. It is all a

bubble, I told my client-. And it will burst.

Don't you understand, there has never been a place on

earth like the Gulf with such unprecedented wealth? You will

never understand that the Gulf market cannot crash.

Well, it topped quietly at mid summer after

you left, with no provocation. One can't quite say it declined or

it crashed; it has just stopped trading.

Its decline was so discontinuous it cannot be called a

crash. There were simply no bids.

…from the Souk al Manakh… back to the Souk of Wall Street…

Remember, you must delete the entra letters en in the word golden before pasting the URL to your Internet locator:

http://www.golden-eagle.com/editorials_98/veneroso060198.html

When was the first top, and when was the second. Are they weeks or months apart?

Something about moaning and testicles if an endorsement is not given

I will research Mystery Page

OK

.............OK

Two other indicators that may indicate increased voitility soon.....

This one may even help gold..........:- )

http://www.canoe.ca/Jam/canoejam.html

This one is sure to grab a little attention anyway though,highest yet?

http://wwfn.com/crashupdate.html

Hope we see some improvement in gold this month,after RJ has covered.

Maybe the banks will allow the ratio to float to a more natural state?

Ya right.Good night nurse.