Just a test...

George,

I am using your post to present something that may be of interest.

While I am pounding the table that a $50 move up in gold is

probably in the works, nobody cares. The performance of the gold

stocks today was a pathetic response to a $5 move. It appears to us

that most participants in this sector are dead, therefore, no

response. Dead people can do nothing with good news. This make

the set up for a big move even more likely.

Not to boast, but I do not know of anyone else that made the Yen

call that Frank Veneroso made, and did it in advance to all of our

clients. And most important, he gave the logic of why it should

occur.

On TV today and in all the printed reports we received, I could not

find one analyst or commentator that said what was done today

would last. Pablem response about intervention and Tokyo has to

x, y, and z. It was VERY CLEAR that everyone was taken by such

surprise that they were talking their own book and positions. The

hedge funds and big Wall Street trading houses had not had time to

assess this surprise development, and did not want to talk publicly

against their own positions ( the massive deflationary trade of

short commodities, long bonds, short gold, short yen etc ) . This is a

big deal. The response of the stock market says our people like

this. Asia likes this. Europe likes . BIg trading houses and the

hedge fund wolves are caught going the wrong way. The do not

like this.

I hope I am right, but gold could fly. Today's volume was

mediocre, no panic by the massive spec shorts. With the big

central bank selling

over, or coming to an end, what looks like a big central bank buyer

taking on the spec shorts, and with shorts in complacent

abundance, we have a set up for some fireworks.

Good night,

Bill

Serbia's modern-day Hitler defies NATO, keeping his troops

in Kosovo,

plus

the EU's ambivalence on Turkey,

equals.....

or at least 'inches' ....

the Balkans, and Europe/Russia

and then the entire world

a little further along

toward the end

of the burning fuse .........

( ( http://www.smh.com.au/news/9806/18/world/index.html ) )

inches

the Balkans

EJ -

( What inflation? )

1. I don’t think so.

2. No. There is still room at the top, albeit not much.

3. Depends entirely on public perception.

4. I don’t believe a Dow / gold ratio tells us anything but numbers.

As for time, I agree. Not nearly the amount needed to do enough stuff.

OK

Goldfever -

I don't think it will take BMPs. I tried it once and it wouldn't work. Try switching the format to JPG, that should do it.

Maybe

EJ -

Yes, tis the same

But the effect is more immediate

Like, NOW!

Nicodemus -

Bart has historical carts you can access through the price page. Try COMEX home page. Better yet, draw a line that descends at about a 45% angle. That is the summary for gold for the last 2 years.

Yes

old he said I'm a male who was a man once and a

child twice. At the time, he was diapered,

spooned fed, and helped to walk, but he was a

jolly man of wisdom up through the time he passed

on.

This fate awaits us all. It's not to be dreaded,

but fully accepted. It's the grand cycle of

human nature. It can be a glorious and precious

experience if the heart is open and the mind is

accepting.

Life is a golden experience, enjoy it.

dollar between 1985 and 1995, and has only now retrenched to the

level of a respectable gain.

Yen go up

Metals go up

Particularly PGMs

Finally

http://www.newsday.com/ap/rnmpin10.htm

When gold, or whatever commodity/investment is price-compared

to it's Commitment of Traders patterns - specifically to it's

COT/Commercials pattern, there are, often ( -tho not always )

good timing signals, thus provided.

When any commodity's price keeps falling - weekly/monthly,

but on a lower and lower value of net buying/longs, by the

Commercials/COT: then, this is often indicative of

buying-pressure, that is building... -- A bull-market,

or a bullish trade - is very likely setting-up/in-the-making.

Examples:

Cotton, since last quarter of '97.

Treasury-Notes - just recently.

Gold - since June '97.

( The converse/opposite of these examples/patterns, are bearish. )

I will attempt to attach gold & COT/Commercials chart here.

If it does not transfer, feel free to e-mail me, especially if you can asssit/advise me as to how to attach my charts/images/graphs, from SuperCharts...to kitco/psting. Thanks.

Also, you can contact Pinnacle Data Corp., or

Commodity Trend Service, and others, for this kind of data,

and charts.

Sincerely,

David Blair Macrory

essene@k-online.com

goldfever@k-online.com

P.S.

I have not been successful at figuring out how to attach

my charts, here.

My interpretation of data updated thru early May ( -COT ) ,

is that Gold is - PERHAPS - building a bullish bottom/case.

Cotton did, and T-Notes did -- at leasst for a profitable

bullish trade.

Sometimes these patterns/relationships, are short-term signals,

sometimes they occur at major turning-points.

My best 2-cents guess for gold, is:

COT/Commercials pattern, thru early May, is building a very bullish pattern.

BUT, today's 6/17 gold mining-stocks' action -- vol. & prices --

were lack-luster or anemic, at best.... especially

with a $5.00 jump in gold prices, today, 6/17/98.

We must have a strong showing tomorrow, in volume numbers,

& price advances in the gold stocks/XAU, in order for

this gold-bull move to be any thing real/sustainable,

at this particular moment in time.

Otherwise, another downside sell-off/test is likely.....very likely.

http://www.motherjones.com/news_wire/williamson.html

Gold moved about 1.6 percent today, so we should expect about a six to seven percent increase in the average gold mining share price. I don't see that happening in a lot of cases... This is cause for caution and concern to me....... Stops are set.

Hope I'm wrong in my sentiment, after all, the day is not done yet...

If you express it in public ( i.e. an audience which is not predisposed to that kind of ideas ) , you will be scornfully characterized a fascist or at best retrograde.

But it is important to know what we are up against: the financial oligarchy and the political one ( closely intertwined ) meet and exchange ideas through free masons lodges which control most of the world . They have the ruling power , the money and the media.

Of course some of these lodges are at loggerheads but the prevailing idea is to annihilate the idea of god and the related duties to destruct the only ultimate power that threatens their might and could turn the people against them at some point.

To promote this anti-god philosophy you have to be a lowlife yourself and it is well known that lowlives wish everybody to be like them.

Hence the death culture and the reduction of the humanbeing into a consumer.

How long will it last ?

The trend started with Le siecle des lumieres in FRANCE 's 18 th century. Hope we come to an end sooner rather than later but it is difficult to say.

However , for christians there are some indications : read the messages of the virgin MARY who is still appearing now and for the last time in this world in MEDJUGORGE ( CROATIA ) .

Excuse me for a moment while I talk to myself. I have heard the rumor that instead of the Japanese, it was the BIS that purchased 400 tons of gold last week. I have no idea if this is factual or not. But if indeed the BIS was the purchaser of 400 tons of gold, I would think long and hard on what our oft-loved, sometimes hated, friend Another said.

I think it was something to the effect that gold will not go below 280--- the BIS will purchase it outright for all the world to see. If it proves to indeed have been the BIS, I would think long and hard about shorting gold below 280. Just foolish thoughts......away to the Red River.

The battle is now between Glenn's guru and Winston's neural net. who will win? Lets hope the neural net stays long.

Let me say this about the current situation.

After WWII, we had paid our dues, come through the nightmare, and as the 50's wore on there came a time of general economic optimism in the context of postwar ( primarily industrial ) growth. The Age of General Motors. Now, economically, we are in an analogous time that we could loosely refer to as the Age of Microsoft, multi-national hi-tech activity.

There is a major difference, and here is where I might ask forgiveness for injecting what might appear to be non-investment, non-gold related concepts.

But I contend that they are related, just as Y2k is related, because they should be factored into investment decisions.

Point: no culture that is killing its own offspring ( via abortion ) is going to be full of hope and optimism. Widespread abortion and societal optimism do not coexist. If life was really that wonderful, and we expected it to continue that way, we would not be negating it in the womb. I don't care if you are knee-jerk pro-life, knee-jerk pro-choice, or a thinking person, the logic is pretty clear.

Point: There are no widely accepted cultural moral norms. In the 50s, good people were good people, and everyone pretty much agreed. Whether or not you endorse all those values, they were there, and they were accepted. Now, what is good? We do not know. Moral confusion pervades our culture.

Point: Crime, violence in the schools, high divorce rates, all signs that we are not happy people. Prosperous, yes.

My intent is not to moralize. It is simply this: These points have implications as we try to make our best guesses as to where things are heading. The underlying structural weaknesses in our culture must at some point express themselves as economic, political, and military dislocations. It is simple cause and effect.

You can call it the judgement of God, you can call it the inevitable consequence of certain moral choices, it does not matter.

The simple truth is, a global society with problems as deep and widespread as ours may do well for a long time, but the odds are that it will collapse at some point, to some underlying level.

And as investors we bet those odds.

Go gold.

There's an article in my local paper this morning that says the electric company will have problems. Until all of the equipment is evaluated, they may have to switch manual controls, which will mean periodic outages.

The financial industry will be hardest hit. Many small banks will be require a FDIC bail-out. Many loans guaranteed by the US government ( Asia, Mexico, US businesses, et. al. ) will require even more money to be printed.

With the government printing so much money, deflation does not seem likely. A more likely scenario is something similiar to current situation in Russia. High inflation, high unemployment, crumbling infrastructure, and a loss of confidence in the government and infrastructure.

Inflation is NOT good for the economy, it does have positive benefits for the US government. Wealthy individuals see the value of their homes and real estate increase. People will buy cars and merchandise NOW rather than next year when the price will be higher. ( Some of us remember that Nixon implemented price controls in the US when inflation reached the extremely high level of ~3% )

All of these issues will cause the POG to skyrocket in the next 18-24 months.

Chas: Do you produce an Official Y2K report? If so, would you post the web site address, or send me a few details: slog@hotmail.com. ( The Internet needs a Drudge Report for systems and Y2K issues. )

http://www.schwab.com/SchwabNOW/SNLibrary/SNLib050/SN050.html

And......regarding refractions Let me know.......eh.

away...to watch the world unfold from the 'puta

Éß

I write the weekly review - except the last one because I was on the high seas. Updates are posted Friday afternoons. The review is an overall look of the last week in precious metals.

It may be found here:

http://www.MONEX.com/mt.html

OK

Geoffs -

These prices are live during market hours and the closest thing to spot you will find anywhere on the net. It is particularly tough to get spot platinum and palladium prices but you will find them there.

I get a lot of requests for price quotes for gold coins We have also just added our ask prices for gold, silver, and platinum coins.

These prices do not update after market hours, but are the most accurate I have found anywhere. All bullion prices are spot. All coin prices are ask.

Yes

http://www.MONEX.com/prices.html

Any questions, feel free to ask me at rjd@pacbell.net

OK

Internationally-acclaimed market analyst and author is particularly brilliant this week in the generous sharing of his vast financial knowledge. Moreover, his sharp wit makes for an entertaining read. Following are brief excerpts from his this week's report.

Currencies crash in Thailand, and in Indonesia you can now get three pounds of sugar, one pound of coffee, one bottle of wine and a wife for only ten US dollars. Hello, TWA Airlines? When's the next flight to South-East Asia?

…and Pfizer considers adopting as its motto, Viagra is a pill men can stand up for!

On a more serious vane, WHY THE IMF SHOULD BE ABOLISHED.

The International Monetary Fund needs to be horsewhipped on television, worldwide, for raising taxes instead of having correctly linked paper currencies to gold.

Kill the IMF. - ( Dines was trying to get into Tolerant1's good graces ( :- ) )

More than half of the IMF's borrowers between 1965 and 1995 were no better off than when they started. A third were actually poorer. Almost all were deeper in debt.

Full report at URL below - it's necessary to delete the extra letters en in the word golden before pasting the URL to your Internet locator:

http://www.golden-eagle.com/editorials_98/dines061798.html

I must admit on a less serious note, I was not aware of the bear minority that was being trashed. I guess they are getting a bad rap, given their reported attraction to trash at the National parks. Were you referring the the National Park Service report about Hikers wearing little bells in bear - populated areas to protect the hikers? I guess the lesson there is only to wear bells too large to be swallowed while being eaten by a bear. That would eliminate the telltale sign in the droppings, and skew the statistics. Unless, of course, you are able to identify human remains even without the bells in the droppings bit. Or, perhaps you are referring to the gold bear, that heavily maligned Ursan species, even more maligned than the infamous equities market bear. As we know very well if you are a dyed-in-the wool Kitcoite, there is no such thing as a gold bear - ever! And if you are a member of that more silent majority out there, there is no such thing as a market bear -- only bulls.

It will be interesting when the market bulls get eaten by the market bears. It sure looks like a market bull doesn't even know when he is being eaten. Maybe the bells are too big for that telltale sign.

observe a group of young people play a game of

monopoly. I say good fortune because it was quite

an education for me.

As the pre-game preliminaries were under way

( counting out equal amounts of money and

establishing ownership of individual token pieces )

there was joking and laughter and lots of free

flowing vibrant life. Fun and joy was being had by

all.

At the first throw of the dice the focus became

narrowed and the concentration riveting. The

board was now the focus with much less free

flowing attention. Camaraderie was beginning to

limit itself to the game only.

As the game progressed and the players began to

accumulate property and spend their money, slowly

the sense of equality began to change to that of

inequality. Stress became more evident.

Occasionally, a rogue player was reprimanded into

compliance, usually with threats of expulsion or

monetary penality. This method worked best if all

the other game members were in agreement with the

demands on the rogue player.

As time passed, increased stress, tension, and

various negative emotional affective responses

were apparent. The players not fairing so well

exhibited the most observable stress responses.

The players doing well appeared to be exurberant,

confident, and content.

As more time passed an increase in complaints

could be heard. More growns of dispair and

increased dissatisfaction were quite obvious. The

players that were winning gave superficial

encouragement to the losers while quietly

grinning to themselves knowing that they were

reaching a point where they couldn't or wouldn't

be beaten at the game.

Shortly, thereafter, one of the players was very

disheartened and said he was quitting. By this

time one player in the game had emerged as the

power broker or controller of the money and

property. Another player was doing ok and another

player was barely staying above board. This latter

player also said he was quitting.

The winning player became obviously stressed and

pleaded with the others to continue playing. Not

getting the response he wanted he bagan to badger

and ridicule the players that were quitting. The

two that were quitting said he could have their

money ( he already had their property ) they just

didn't want to play anymore. The winning player

became desperate and coercive but to no avail.

The two that left the game quickly regained their

composure, began to loosen up, laugh, joke, and

have fun as they left the room. The player that

was the power broker continued to defame the two

that left and said he wasn't going to play the

game with them anymore and was obviously ill at

ease.

The player that was doing fairly well could see

that the one's that left were having fun and she

wasn't. She evidently made a decision that it was

not in her best interest to continue playing. She

said she was also quitting.

The winning player was furious and began to

ridicule her for quitting. She said I don't

know why you are mad at me, you have the most

money, and now you can have mine too. She then

left to join the others.

The winning player grumbled to himself as he put

the money and the game back in the box.

I thought to myself, Is he the winner or the

loser? If he was the winner he sure wasn't happy

about it. He looked more like he should have been

the loser. It must have been the control over

others and the various ramifications of that that

made the game enjoyable for him. Here he sat with

all the money but wasn't happy. What was missing?

Then it became obvious he didn't win the money

they gave him the money and left the game to

pursue other individual fun and enjoyments. He

was demoralized and defeated. The others were

back to experiencing free flowing, vibrant,

joyful existence, unhindered by someone else's

game rules. They were the winners. They had

inadvertently defeated the power broker by

capitulating and withdrawing from the game. The

winner was defeated yet still had won the game.

However, soon he also regained his composure,

his face lightened up in anticipation, and he was

off to pursue enjoyment with the others

As I sat alone in the empty room staring at the

table and the monopoly box, so static and

lifeless, I wondered how many times this game had

been played before? How many thousands of years

this game has been played?

How many times has humanity sacrificed or given

up it's joy and love of life in favor of the game?

I saw those young people before and after the

game alive with love, happiness, and joy. But

during the game they appeared to experience so

much negative emotion. Is this what the game does

to us? Does it rob us of our ability to experience

love, peace, and happiness? I think not. I think

it is more our willingness to switch or change

our priority from that of our innate love in and

of life to that of the pursuits of the game.

Which came first? Which is natural and freely

given to all? And which has the only meaningful

real value? Can we do both without one infringing

upon the other? I think so. I hope so. I know so.

Has anyone looked at Plat 2-nite? I wonder if the rise will stay intact when I awaken? http://www.kitconet.com/platinum.graph.html

away.....to dream of platinum-plums-dancing-on-my-in-my........ ( ? ) I forgot that one.........kiwi? whats a 300square you got too caught up in that can-o-worms you opened earlier to answer.........please.....back on track........eh?

Éßyankeedoodlingohmy

anyway, I think he got that idea from the USN in SD. Don't they have the reefs/jetties wired to blow should they need to have massive/quick deployment of the ships? I read that or heard it from one of my swabby buddies. Anyone care to shine any light on that one? oh yeah...... go gold.

away....to shine a ray gun on Dan Quayl ( e ) to unscramble his noodles.......... http://www.xmission.com/~mwalker/DQ/#QUOTES

Éßcountinsheepnow

a better solution for this worldly society of

today.

http://www.duplexx.com/videopick.html

c'mon Earl.....quit yer grumbling and join in.......you too Crystal Balls...............ohmy! I can't wait for the CRB......I got things to do people to see........Perot to vote for..........LGB to make his running mate!!

Oh tis a great time to be alive.....where is that damn TeddO!?!? Get yer kicked-out-of-catholic-school-boy-ass back here.....pronto!! At least let Willy back on line for updates. Did ya get those ( tomato ( e ) ) seeds I sent ya They will be reeeeeaaaaal gooood....uh huh.

LGB......how 'bout it.....I know yer just itchin' to climb aboard with Perot..........hop on the hoppity-horse doooood ( ! ) You just throw up that smoke screen trying to play hard to get........uh huh.

Perot in 2000!! He'll fix that 'where is Kay' thingy single handed like. Great sucking sounds abound............

away......to build the cabinet ( not kitchen ) ........

Éß

btw.....I am not Jewish but I am circumsized........er..........I guess you all didn't really need to know that.......er........uh....... ( red faced ) .........

go gold?

away.......to live w/o smegma

Éß