- Date: Sun Jun 28 1998 23:59
Gollum (Glimmers) ID#43349: - Some signs that the dollar is easing against most currencies these wee hours of the morning including backing off against the yen. At least at this point it doesn't look like it's going to ba a black Monday at any rate.
Tokyo markets up a bit. Austrailan markets up a bit. - Date: Sun Jun 28 1998 23:57
sharefin (Anyone else heard of Time Warping) ID#284255:
- - I have come across it a few times now...
http://boards.pathfinder.com/@@NrwEtAUAi8vV3Lqp/cgi-bin/webx?13@^199446@.ee881f9>http://boards.pathfinder.com/@@NrwEtAUAi8vV3Lqp/cgi-bin/webx?13@^199446@.ee881f9
NEW YEAR 2000 Problem. It's called the Y2K Time Warp Problem. And the World may grind to a halt. It's new because someone got the bright idea of not immediately setting the date back after testing it's ability to rollover and work after 01/01/00. That is to say they set the date and left it there. They used it daily turning it off at night. A week later the date read September. The computer's time jumped ahead some 8 months in only a week.
- Date: Sun Jun 28 1998 23:49
farfel (@GOLLUM...you consistently post the best material...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved - ...on this forum.
I wish you would post more often at night in order to counteract the superabundance of mindless drunken blather and human bitterness emanating from S. Africa and Canada.
Thankfully Haggis has returned as well so that there is at least a wee glimmer of intelligence during the wee morning hours. Good on You!!
I say re-name this forum...BITCO...Bitterness Corporation or something like that.
Or how about WITTECO...in honor of all the goldbugs ( like PissPee and Moronater ) that want to sleep with Royal Oak's chief scoundrel and tub of lard, Witte.
Gold's outlook this week...ZZZzzzzzzzzzzzzzzzzzzzzzzzzzz. Who cares?
S. African golds? Does anybody how to spell bankruptcy? Or insolvent government? Or Rand...the tender toilet paper?
In conclusion:
F*'s Evaluation of the Markets ( it's a quickie today ) .......
The markets are grossly manipulated and hi-techs are the new Gods of neo-fascist America.
Thanks.
F*
- Date: Sun Jun 28 1998 23:48
geoffs (Poorboys it must be CRN yes) ID#432157: -
Please let me know.
Thankyou - Date: Sun Jun 28 1998 23:44
Poorboys (Next week should tell the story ) ID#227168: - geoffs –Hi –About to call Timmins –Something’s brewing –Hope its not just another night at the old Timmins suds bar –Away -will e-mail with new inf. in the next few days.
- Date: Sun Jun 28 1998 23:43
sharefin (Executive Order 13010) ID#284255: - http://www.info-sec.com/pccip/web/eo13010.html
President's Commission on Critical Infrastructure Protection
- Date: Sun Jun 28 1998 23:40
Gollum (@geoffs ) ID#43349: - Which Japan problem are you speaking of?
Oh, I guess it doesn't matter since they are all mostly still there. - Date: Sun Jun 28 1998 23:32
geoffs (PARDON MY STUPIDITY-BUT) ID#432157: -
Has the Japan problem gone away ? - Date: Sun Jun 28 1998 23:31
Poorboys (You got the wrong guy --Must be Farfel) ID#227168: - Jims –Duh –Never had gold calls or puts –Sounds like Golf and the grass is toooo dry. Sold some 300 calls and puts and they became worthless –Oh Yes I did sell some 330 futures –So lets not pump up Gold tooo much –Away before the EB tide
- Date: Sun Jun 28 1998 23:28
Gollum (Wait a minute...) ID#43349: - Precious metals are showing some interesting signs of strength in early Sydney and Hong Kong trading. Gold at first fell to 293 but quickly rose back up to the New York close which itself had risen from about 292.2 20 293.6 in the last hour of trade on Friday. Silver is maintaining it's level. Of sourse this is still very early in the day but still....
- Date: Sun Jun 28 1998 23:25
gagnrad (CompGeek, what is this three billion in, rupees?) ID#43460: - CompGeek: According to contacts, deeds, maps, and notarized statements Gupta presented, the 31-year-old Misra is a multibillionaire who owns more than 130,000 acres of land most of it in northern Mexico, worth nearly $3 Billion.
Gagnrad: That's 23,076 plus change per acre. IMHO BTW, what is the name of the warehouse guard? This conversation is getting too erudite for me, I'm going to bed.
- Date: Sun Jun 28 1998 23:24
sharefin (Could they do this to MS=Bill Gates etc?) ID#284255: - http://www.idg.co.nz/nzweb/a112.html
Y2K complaint could set major precedent - Date: Sun Jun 28 1998 23:15
jims (To: Poorboy) ID#252391: - Still long those 330 October gold calls
- Date: Sun Jun 28 1998 23:08
Poorboys (Yes --They let me out on a day pass -Um-aGumma -Chumbawamba) ID#227168: - Bloopy – Yes –My knowledge ascends the boundaries of the universe –Thank you for your beautiful compliment –Away to count my wonderful brain cells.
- Date: Sun Jun 28 1998 23:01
sharefin (Just for fun) ID#284255: - http://www.kitcomm.com/pub/discussion/april1c.exe
- Date: Sun Jun 28 1998 22:54
JP (Aurophile-- I understand what you are saying although I disagree with you ) ID#253153: - You must be long in common stocks and short in gold- am I correct ?
- Date: Sun Jun 28 1998 22:51
tolerant1 (busted my nose again today...on the positive...love is every where...) ID#373284: - into the Sound of the Island that is Long...such beauty...serene... so delicious...so much I wish ALL of you were here for this DAY...
Today I saw riches...little eyes...imagination...
- Date: Sun Jun 28 1998 22:49
blooper (Poorboys,) ID#207145: - I can tell you have a high degree of intellect.
- Date: Sun Jun 28 1998 22:44
Poorboys (Loopy, Doopy, Goopy & Sloopy) ID#227168: - Does Bloopy own Doopy ? –Many serious questions must be answered on these hot summer nights .Who owns the gold studded bologna? Away to find cents in sense
- Date: Sun Jun 28 1998 22:43
sharefin (Gagnrad) ID#284255: - The comments were from an email subscription I have.
I posted it because I thought it was interesting.
Unfortunately I don't own any coins,
Nor do I have any real knowledge on the subject.
But it does seem supportive for gold coin collectors.
Interesting to see Ole Prospector is one of the mediators within this site.
- Date: Sun Jun 28 1998 22:39
tsclaw (Asia) ID#327123: - Most Asian markets up. Japanese Yen 141.5 to the dollar, down .5.
This is not looking like the start of a good gold week. How low can RANGY go Hold on guys!! - Date: Sun Jun 28 1998 22:28
Cmax (@Another's new home) ID#339320: -
Another's new home, for those who don't have it:
http://www.usagold.com/ANOTHER_PAGE.html - Date: Sun Jun 28 1998 22:24
gagnrad (Sharefin re collectables) ID#43460: - This is the first time I've heard your statement about Reagan era law declaring modern US gold coins to be collectables. But it makes sense once you realize just how much interest the mint has maintained in its continuing advertising campaign to sell them. I just wish they'd vary the reverse sides like Canada did with its 1/4 and 1/2 ounce commemoratives.
- Date: Sun Jun 28 1998 22:09
aurophile (JP) ID#256326: - I'm old enough to accept the fact that the system was totally broken in 1971, and that the old world approach was done. They wrote it off but may not have been aware, or totally aware, of what would replace it.
They could have written gold up 1000% and been done with it, but that would have kept us in bond to the old system. Instead they decided to go with a floating system: try it, test it, see what works.
Even though I spent the better part of my prime in those difficult times, in a way I think they were right........
- Date: Sun Jun 28 1998 22:09
6pak () ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - Most Britons oppose euro - opinion poll
The MORI opinion poll of 1,000 adults showed 58 percent were against Britain replacing the pound with the euro and 66 percent felt Britain should not abolish the pound.
Among Sun readers, 78 percent were against replacing the pound and 83 percent did not want it abolished, the survey showed.
The Sun, which claims 10 million readers, has opened a phone-in line for readers to vote on its Save the Pound campaign.
A total of 130,460 callers were against the euro and only 3,968 believed Blair was right to favour entry into a single European currency.
http://www.freecartoons.com/ReutersNews/BRITAIN-SUN.html - Date: Sun Jun 28 1998 22:06
gagnrad (Time to buy stocks and sell gold?) ID#43460:
- - Earlier tonight there was a question as to whether gold would continue to go down and stocks up. So I checked the news and durn, there wasn't a single word about whether these guys were buying Intel or IBM or Iomega. I guess I'll just buy some more gold this year. IMHO ( 8-^* )
Florida drought losses over $490,000,000:
http://biz.yahoo.com/finance/980625/florida_fa_1.html
La Nina and anticipated worsened drought in the farm belt:
http://dailynews.yahoo.com/headlines/upi/story.html?s=n/upi/98/06/23/general_news/uslanina_1.html
GM Strike poll:
http://biz.yahoo.com/apf/980628/gm_strikes_1.html
Klan and Black Panthers play S&M games, blow kisses at one another and wink really hard;
- Date: Sun Jun 28 1998 21:53
sharefin (NAB admits bug's complexity) ID#284255:
- - http://www.afr.com.au/content/980629/banking/banking5.html
NAB also told the ASX that at no stage would it claim to have achieved Y2K compliance or guarantee its remediation work.
The problem is simply too complex for any business to make such a claim with legitimacy,
~~~~~~~~~~~~~~
$1.7bn millennium date debacle bugging business
http://www.afr.com.au/content/980629/inform/inform1.html
~~~~~~~~~~~~~~~~~~~~
NAB - Australia's largest bank admits it won't get 100%
ie they won't be Y2k compliant.
Wonder when the many will start to wothdraw their funds?
- Date: Sun Jun 28 1998 21:31
JP (A replacement for the Bretton woods agreement) ID#253153:
Copyright © 1998 JP/Kitco Inc. All rights reserved - The Bretton Wood agreement was destroyed in Aug 1971.This was a watershed event seperating the successful post World War 2 economy from the troubled world economy since then. The first question should have been : what caused the breakdown ? A second: why has it taken the leaders of the western world 27 years to discover this fact ? Answer these two questions and solutions become readily apparent.None of the persons or institutions concerned have begun to ask those two questions. they only sit back and hope for the best. Why not, since they are , or hope to be, supported in luxury by the tax payers. I hate to bring this subject but this is reality.
- Date: Sun Jun 28 1998 21:29
aurophile (Mushroom cloud over Los Alamos) ID#256326:
Copyright © 1998 aurophile/Kitco Inc. All rights reserved - It's OK, I think. I live about 20 miles ( as the missile flies ) from Los Alamos National Laboratory ( NM, USA ) ( read: bombz, big bombz ) and there is a mushroom cloud this early eve. The US ( F%$#@*&^ ) Forest Service has chosen, for reasons unknown to themelves, to do controlled burns in the forests round about with the idea of getting rid of all the underbrush. One imagines they have access to all the latest and bestest weather information, but,no, they always do these things during the hottest and driest spells and when the winds are blowing........My tax dollar at work.
If I were a conspiracist, which of course--as a Kitco person--I am not, I might wonder if the tree-hugging, lesbian, commie forest rangers were not hired to help disover where the security folks in Los Alamos run first. Nah............. - Date: Sun Jun 28 1998 21:21
sharefin (Florida Burning) ID#284255:
- - http://www.usatoday.com/weather/news/wflafir0.htm
~~~~~~~~~~~~~~~~
Email chatter:
~~~~~~~~~~
I have read that many people believe that since all of us
will be in the same boat, the banks wont come a chasing. Well I think that
if you hold that opinion you are dead wrong. In the depression the banks
would hire you or your neighbor at the assistance of the county sheriff to
kick the others off their former land. Gold and silver is a way to barter
with the banks.
Sorry for the long-windedness, but here goes...
I disagree. While we should learn from history, we should not think it repeats
exactly. We are not the America of the 30s. We do not believe the government
is out there to 'help us' as they did in the 30s. We are armed to the teeth,
much more than the 30s. We have learned how to organize ourselves apart from
official efforts, and actually don't believe the government is effective at
that game.
If most everyone ( from rich to poor ) in your community is looking at
foreclosure, do you believe a few local banks will force the sheriff and a few
deputies to throw EVERYONE out of house and home? Isn't it more likely that
the sheriff will realize discretion is the better part of valor, and he has to
live in that community of now homeless folks? Hell, in all likelihood, the
majority of deputies will be foreclosed on too! The odds are, if it gets
really bad, there won't be any way to force large numbers of people to vacate,
nor would it be particularly helpful to maintaining the public order if there
is any ) .
As for gold and silver, I'm sure Ole Prospector will weigh in on this but for
now; the same as above holds true for gold. Do you think the person who has
sacrificed to buy gold now will just turn it in because the feds said to? I
doubt it seriously. And forget buying 'collectibles' to guard against
confiscation. Franklin Sanders has published the very statutes which show US
golden eagles have been numismatics by law since they were reintroduced under
Reagan. And if the feds wanted to nullify a previous law allowing holding
collectibles, do you think they would hesitate, by using executive order?
Nope, the idea is to prepare as much as you can, network and become known and
useful to your associates and community, and be a leader in the wake of
changes most Americans can't even imagine today...
Wayne Dennis Holt _____
Maybe I'm naive but what if you paid your mortgage two years in advance?
You know close your IRA and send a certified check to the mortgage company
stating that such and such amount was to be used monthly from 12/1999 to 12/2001
make your mortgage payment. If this won't work shoot holes in it now. I need another plan...
http://www.ergomania.com
~~~~~~~~~~~~~
Oh no, will the GPS systems really fail?
http://www.year2000.co.nz/y2kprs10.htm - Date: Sun Jun 28 1998 21:07
CompGeek (For those who keep count...) ID#343259:
Copyright © 1998 CompGeek/Kitco Inc. All rights reserved - I just learned where 2.4 B USD in PM's is.
From the Las Vegas Review Journal Sun Jun 28 p C-3
...So despite reservations, ( Shruti ) Misra agreed to let her husband show the Review-Journal personal records in an attempt to refute reports that she is after publicity and doesn't have the money to buy the Vikings.
The documents are astonishing: According to contacts, deeds, maps, and notarized statements Gupta presented, the 31-year-old Misra is a multibillionaire who owns more than 130,000 acres of land most of it in northern Mexico, worth nearly $3 Billion. The papers also showed she owns more than $2.4 Billion in precious metals
... Various amounts of gold, silver, platinum and other precious metals stored in a Las Vegas Warehouse. Estimated value as of January 1997: $2.4 billion
I wouldn't want to be the Pinkerton Guard ( armed ) for 7.50/hr guarding that warehouse. Nosireee.
Wonder why they couldn't value the PM's at current levels, rather than a year ago?
Shruti Misra' assets, heretofore unknown, if inserted in the Forbes Most wealthy, would put her high in the world at $5.1B just below Rupert Murdoch at 5.3B, and Saddam Hussein at $5.0B.
The paper also reported that Jaye Dyer ( one of the current Viking's Owners ) was concerned that Misra would try to bring the Vikings to Las Vegas, preferring to keep them in Minnesota.
When we moved here, to Las Vegas, we asked someone, Las Vegas doesn't seem to have any professional sports. The answer we got was, You want a team? Pick any one. We've got *all* of them! :- )
Away to follow the Japan saga... Happy Sunday all. - Date: Sun Jun 28 1998 21:06
downunder__A (Bill Buckler 18:09) ID#27341: - KISS!
- Date: Sun Jun 28 1998 21:06
woody (AUH20) ID#24563:
Copyright © 1998 woody/Kitco Inc. All rights reserved - The letter was not a solicitation. It was from Thomas R Tizzio, Senior Vice Chairman and it was addressed To the Insureds of AIG Member Companies to call attention to a situation that has the potential to cause unprecedented dislocation to businesses in the United States and throughout the world. It warns of problems that can range from the merely inconvenient to the potentially disatrous. Inventory and accounting systems will be affected; so will credit-card validation, electronic data interchange, automated banking reports, pension benefit payments, drug distribution systems for pharmacies and hospitals, and mechanical systems operating everything from office building enviromental controls and elevator banks to telephone switches and oil refineries It goes on to offer several common sense guideposts. 1 ) If you have not yet evaluated your Year 2000 exposure, do it now. 2 ) Set priorites, What is critical and what merely important? What can be fixed and what should be junked? 3 ) If there is a crucial third-party - payroll services vendor, for example, or the sole supplier of an indispensable raw material- give serious consideration to direct testing and evaluation of the vendor or suppliers systems. 4 ) Test,test and then test some more. Expect and plan for the unexpected.
- Date: Sun Jun 28 1998 21:01
bulldog (y2k) ID#78136: - Yardeni has raised his odds on a recession due to y2k to 70%
- Date: Sun Jun 28 1998 20:59
HopeFull (JP....read the Treasuries differently...) ID#402148: - ...while 3 month UST bill rates dropping, the USD was down in all but Yen.
Now that we are at line in the sand territory once gain on Yen/$, maybe the street is loading up on the short treasury end, because the long end is going to get smashed by the Japanese returning out long bonds to us...STIMULATING the global economy, as Greenspan either monetizes them, or USA stock market takes a 50% haircut on his watch.
HB - Date: Sun Jun 28 1998 20:52
Spock (Bill Buckler) ID#210114: - Yes, people are treated unequally, but I don't have a problem with that because everyone is not equal in our society. Many are poor and few are rich.
To draw an analogy; If you are a doctor, do you treat someone who has a cold the same way as you treat someone who has cancer
I have no problem with wealth re-distribution. I'm even prepared to pay taxes to do it!!
Live Long and Propser ( with social justice ) - Date: Sun Jun 28 1998 20:51
Fummer (Haggis post 19:21) ID#284235: - You're a good man, Haggis. Appreciate the response and will e-mail him.
Sure would like an original Oz Foster or Swan. Cheers.
- Date: Sun Jun 28 1998 20:51
JP (Short and long term interest rates are declining. ) ID#253153: - I noticed last week that the yield on the 90 day treasury bills declined from 5% to 4.86 % and the long bond to 5.63%. This is further indication that our econony is slowing down despite the rising demand for money. I was offered 30 year fixed mortgage ( no cost ) at 7.12%. The decline in business activity that lies ahead will produce lower interest rates and thus increase the market value of long term Treasuries.
- Date: Sun Jun 28 1998 20:50
Bully Beef (Wake up you rotten Aussies! The charts make it look as though you are selling this morning.) ID#259282: - Defend yourselves. Foster's at thirty paces. Oh ! Do you make any good beer?
- Date: Sun Jun 28 1998 20:42
Bill Buckler (Gold and Modern Politics) ID#256381:
Copyright © 1998 Bill Buckler/Kitco Inc. All rights reserved - Spock ( 21:27 ) The link isn't between Pauline Hanson and Gold. The link is between what she is espousing ( that everyone be treated equally ) and Gold. Modern politics treats everyone UN-equally. That's what pressure groups and lobbying are all about.
They get the wherewithal to do this through their ability to tax people. When that proves insufficient, they resort to credit creation. Credit creation on the modern scale is only possible in the context of a fiat money system. Fiat money, by definition, is money created by government edict. A prerequisite for this is the severing of any tie between official money and Gold. - Date: Sun Jun 28 1998 20:39
Bully Beef (This is just a dumb stupid gut feeling but I think we are going to see a run up of the markets this ) ID#259282: - week and then things are going down long term. The market has to s#it or get off the pot. Hold your head high when you tell people you are in gold as a buffer and watch them when things turn around. I must admit my ego has been hanging on this for about 8 months. I value my ego and seasoned investors tell me this is not a good thing. GO gOld ...eventually!
- Date: Sun Jun 28 1998 20:27
Spock (Drawing Long Bows) ID#210114: - Sorry, can't really see a link between Pauline Hanson and gold. Hmmmmm....
Live Long and Prosper. - Date: Sun Jun 28 1998 20:25
AUH20 (woody) ID#200235: - Could the letter from AIG possibly have been a soliticitation to sell Y2K insurance policy? If not, kindly indicate further contents of letter, please and thanks in advance
- Date: Sun Jun 28 1998 20:16
woody (y2k) ID#24563:
Copyright © 1998 woody/Kitco Inc. All rights reserved - Not being a computer wiz, I was never sure how serious the y2k problem really was. However, after reading a letter from AIG ( one of the largest insurers in the world ) I am now more convinced than ever that the potential for economic disruption is very significant. This was a two page letter to all policyholders warning them about the y2k problem. To quote from the letter: Whether the dislocation resulting from this bug will be crippling or merely extraordinarily expensive, we at AIG believe that any business that uses or is affected by computers - in other words, every business in the country - must respond immediately, proactively, and aggressively.
- Date: Sun Jun 28 1998 20:07
STUDIO.R (@EBean...........exploding lime bombs!...Call the Orange Cross!!!! FEMA!!!!) ID#288369:
Copyright © 1998 STUDIO.R/Kitco Inc. All rights reserved - Yessiree EBean, limes must be decompressed to -2 atmospheres before entering this god-forsaken wastelandish nova....exposure to these super-tropic heat levels may suddenly explicinerate ( new word ) limes without warning. Limes can and do kill.
John Steinbeck knew of such, in fact, original draft of epic-okie novel was titled....Limes of Wrath. Steinbeck, fearing retaliation from a powerfully bitter Lime Council, went with the grape thingy. Welch's later paid him handsomely for the pub.
Suck da' lime before sending....coconuts are nice too....need small drinkie umbrellas too....
Bless you EB...you alone care......and a large limeless gulp&puff to YA!!! ( hack ) ( hack ) whooooooaaaa.
- Date: Sun Jun 28 1998 20:02
goldfevr@pacbell.net (chinese proverb: 'a picture(-chart) is worth a thousand words(-dollars).....) ID#434108:
Copyright © 1998 goldfevr@pacbell.net All rights reserved - A study of the technical charting concept of divergences, can, at times, prove to be profitable, when ... 'timing' ... is the priority.
Who was it who said: timing is everything ?
( -should we shoot him? )
Using the concept of divergences, a student of market timing
can use the relationship of POG ( for example ) , to an index of
gold mining stocks, such as the Australian Gold Stock Index
( - from http://www.the-privateer.com ) .... to help in
identifying signals of - 'when to buy & when to sell' .
In Dec. '97, the Australian Gold Stock Index reached lows,
which were not exceeded, in January, '98. Or, in other words,
it's Jan. '98 low, was substanially higher than its Dec. '97
low.
Converseley/in contrast to this -- in divergence to this pattern
of a higher bottom in Jan., with a lower bottom
in the preceeding in Dec., for the Australian Gold Stock Index,
on the other hand.....
in divergence to...
in contrast to this Index pattern...
.... the POG pattern went to new lows, a new 'trading bottom'...
in January, relative to its previous Dec. lows.
Thus, we have a 'DIVERGENCE' between the Australian Gold Index & the POG.....
from Dec. '97 into Jan. '98....
This is an example of using the timing concept of 'divergence'
in the quest for refining timing techniques,
for trading & investing.
We've often heard reference to the concept of mining shares' values/indexes, etc.,
often preceeding gold price moves/direction.
All this is a pattern of divergences that one cannot rely on, in singularity ( -never swing on a single branch ) ,
it is an important concept & useful/valuable tool of timing, when used with discretion, and balanced with ahost of other proven technical timing/charting indicators.
I will attempt to transfer urls here, now, that will assist
those of you interested in using charts & divergences,
in market timing studies/research.
If the urls do not transfer, at/on this post,
I will post them in subsequent posts, to follow.
You can find daily values for the Australian Gold Stock Index, at
http://www.the-privateer.com/chart/g-ind.html
You can find a daily ( & weekly, etc. ) gold chart at
http://router.minot.com/~bohl/display.pl
If you will review & contrast the gold price pattern vs the Australian Gold Stock Index pattern, from Dec. '97 thru Jan. '98, the divergence signal of an important bottom will have thus been indicated.
Not solely based on the above discussion and evidence, it is ...
.. even so ... my interpretation, that Dec/97 - Jan/98 pattern
of divergence lows bewtween gold stocks ( -Australian index )
and gold prices...
may very well have been the final lows for gold...
....for the duration of this trading, and historical period....
that is....for the next several/many years.
Numerous other examples of the power of divergences, and their usefulness, are available to the student of timing, who uses
charting, & technical charting indicator concepts.
Sincerely,
David Blair Macrory
goldfever@k-online.com
- Date: Sun Jun 28 1998 19:54
Mole (@Bill Buckler ) ID#34883: - re:Aussie Politics - Pauline Hanson - And Gold? Excellent commentary. Thanks for posting the piece.
- Date: Sun Jun 28 1998 19:37
6pak () ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - S.Korea to name 'non-viable' banks at midnight GMT
SEOUL, June 29 ( Reuters ) - South Korea plans to designate the most financially troubled banks as being non-viable at a news conference at 9 a.m. ( 0000 GMT ) on Monday, an official at the Financial Supervisory Commission said.
He declined to identify any of them, but the state-run Korean Broadcasting System ( KBS ) radio and other independent media reports said Kyungki Bank, Dongnam Bank, Donghwa Bank, Daedong Bank and Chung Chong Bank would be named as being non-viable.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
S.Korea says to guarantee failed bank deposits
SEOUL, South Korea ( Reuters ) - South Korea will guarantee the interest and principal on deposits with banks designated as non-viable, the head of the Financial Supervisory Commission said Monday.
He urged that any unfortunate events be avoided and assured low-levelstaff they would not be laid off. But any illegal actions would be severely dealt with by the law, Lee said.
Some bank unions have been protesting the expected takeovers.
http://www.freecartoons.com/ReutersNews/KOREA-BANKS-WATCHDOG.html - Date: Sun Jun 28 1998 19:23
aurophile (James) ID#256326: - Excuse the cryptic time designation. I am on two chats at once...;- ) , but I do sincerely hope you are right that they get it.
- Date: Sun Jun 28 1998 19:21
Haggis__A (Fummer..............) ID#39862: -
It's a small world........
Bob Bervan is aliove and kicking at Croesus Mining Nl, where he is a Director. You may wish to contact him via:
croesus@gold.iap.net.au - Date: Sun Jun 28 1998 19:18
dirt (Euro - simpler) ID#215379: - Having worked in Europe many years, I'm convinced by my European colleages that the reason for a single currency is the elimination of currency fluctuations in the mighty business of commerce.....
- Date: Sun Jun 28 1998 19:17
Haggis__A (MacVeronsky....................) ID#39862: -
I never doubted for a moment that you had it in you.
Och aye the noooooooooo............ - Date: Sun Jun 28 1998 19:17
Michael (Where is Mr Yen?) ID#293379: -
Currency
Yen .7100 142.9150
Mark.0024 1.8128
Pound.0011 .6027
Swiss.0028 1.5287
ECU .0013 .9152 - Date: Sun Jun 28 1998 19:11
aurophile (@James) ID#256326: - Re your 1714 avid time post, i certainly hope you are right, but 50 years of watching the Japanese and listening to their promises makes me doubt it. I'm not at all sure they are as bright as everyone seems to think they are. One would think they could see what is happening in the US and China, and that they may now be irrelevant to both, but DO they
- Date: Sun Jun 28 1998 19:10
6pak (BCIWN @ 18:55) ID#335190: - Thanks BCIWN, true about time and money, ( good people have value eh! ) A boob in 29, hell, I am staying at ground level, and away from glass. : ) : ) : )
Take Care. - Date: Sun Jun 28 1998 19:07
EB (*Cuba Libres*B-Hits*Bloopers*More*Bloopers*) ID#187109: - A fine place this.....this Kitco
away...to fly more limes to O.K.E.E.Homey....It is my duty as a Human Bean............¡ohmy!
dollar goes up......gold does the wicky-wicky.....asb ( ¿ ) ............................ ( klunk ) ....... ( agulptoya&puff )
- Date: Sun Jun 28 1998 19:01
G-Nutz (Trinovant:) ID#433143: - Check out the book of Job. its full of gold and silver! heh my favorite parts.. j/k
- Date: Sun Jun 28 1998 19:00
JP (Delphi---Regarding the Euro ) ID#253153:
Copyright © 1998 JP/Kitco Inc. All rights reserved - As you know , Denmark, Sweden and United Kingdom elected not to participate in the initial round of the monetary union because of political considerations, public opposition to yielding to European bureaucrats in Brussel. The most fundamental issue here is the right to be a sovereign nation, the right to issue and control one's own money .As these 11 nations forge ahead , it will not be strewn with national goodwill , but rather with economic bickering among the member nations. It is simply an effort to emulate America through the creation of United States of Europe.
It also represents the final thrust by the Eurocrat globalists to centralize control of money and credit into European Central Bank. In the real world,
the move yields to the Eurocrats in Brussel the power to raise and lower interest rates and to issue currency. In effect, the power to seize for their own purposes a significant portion of the product of 300 million people. For Europeans, monetary slavery will then be centralized in Brussel, and all Europe will be subject to whim of multinational bureaucrats who are appointed rather than elected. By selecting monetary union as the initial product toward a united Europe, the Eurocrats in Brussel have led with their highest trump card. If monetary union is destroyed on the rocky shoals of nationalism, the results may well again shake the world. After nearly a century of conflict, war, cold war and recovery in Europe, the globalists now wish to consolidate gains and , through multinational efforts. they hope to contain wars and insurrections that have plagued the continent for centuries. I could go on and on and discuss this issue for the next 4 hours. I do believe that the whole Euro idea will disintegrate
as deflation in Europe accelerate and each country resorts to defending it's own territory.
- Date: Sun Jun 28 1998 18:55
BCIWN (@ 6 PAK) ID#206298: - Hey 6 pak. I am down 100k in the last 2 months. Don't lose heart. Its fun to win and painful to lose, and learning how to win takes a lot of time and money. Don't give up or equate who you are with you winning or losing. Thats what the boobs in 29 did when they started jumping from windows.
- Date: Sun Jun 28 1998 18:36
Michael () ID#293379: -
Currency
Yen.4900 142.6950
Mark.0019 1.8123
Pound.0011 .6028
Swiss.0008 1.5267
ECU.0060 .9139 - Date: Sun Jun 28 1998 18:31
6pak (James @ 17:31 Doom and Gloom news in moderation) ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - James your statement is on the money, or is that, in the money.
I feel the same as you, and also, the same comments were stated by rhody @ 9:15 About 2 hours is about all I can tolerate now before the negativism of goldbugs sends me into such a fit of depression that the rest of the day is ruined Maybe it's not you guys, just the POG which is to blame
I am also in pain regarding gold, yet, I am the person that put the money down, and lost. That is reality, such personal responsibility rests with my person, no one else. In regards to the doom and gloom, hell, such are the actions of the corporation's, that have control over your freedom, and the freedom of other nation's. Yes, making money is very rewarding, yet, living in a free nation, is also very rewarding.
Is it posible, that those of us that find fault with the actions of corporation's, government, unions, they are the orchestrater's of the doom and gloom, I suggest NOT we at Kitco.
Hell war is doom and gloom, had more citizen's stood up before the rubber hit the road, many lives would have been saved. Maybe, again, the silent majority will stand and watch, as is the norm for the great masses of silent majority, yes, those citizen's are the responsible party that allow these corporate dictator's to suck the juices of freedom from those of us that cherish such freedom, and yes, have been wounded economically, but as yet, have not had to put down our lives, as have so many brave citizen's in the past. ( German-USofA-Russian-Canadian ) Lest We Forget
Yes, the doom and gloom is bad at this site, can you imagine the doom and gloom that will be arriving soon to your community, and also mine, via, drop in stocks-pensions-jobs, maybe you can appreciate the doom and gloom that now exists in Asia.
Glad we are safe in North America eh! Well to date we are safe, this will change, NOT for the positive, unless we can in some remote way inform the free citizen, to stand up and expose the corporate agenda, large task, yet, can be rewarding, there are many good citizen's in our communities, I expect they will join the fight for freedom, and reject the corporate agenda ( power/control )
I have used YOU I do not direct the attack against your person. I respect your comments and appreciate the fact that we both are having a difficult time with the doom and gloom. I visit the issue from a different direction, nothing personal intended.
Thanks....Take Care ( Doom & Gloom is not a factor, if, ONE were to GO Along, to GET Along ) - Date: Sun Jun 28 1998 18:25
Delphi (@JP, 17:25 - Why the Euro may fail ?) ID#258142:
Copyright © 1998 Delphi/Kitco Inc. All rights reserved - I do not agree with argumentation:
1. …creating a new bureaucracy in Brussels - it is a new bank in Frankfurt, not new bureaucracy in Brussels
2. Different cultures, languages,… customs will make the whole union artificial - EU is functioning many years with all these differences. Don’t you know, that they have, for example, common customs regulations, so that goods, imported through the border of one country and being cleared there are free to go to any other country of EU? No import duties? Common VAT regulations? Common agricultural subsidy programs? Common asylum regulations? Intellectual property rights law? Etc. etc…. And still talking own languages…
3. Improvement for the human element is missing - to my knowledge, right now they talking about common pension regulations within EMU zone. Free movement of labor within EU is a long time reality.
4. Cost are very high - that’s true. On the other hand, this cost is one-time investment while benefit will continue. According to Dutch Government calculations, investments will be paid off in a bit more then two years.
5. There is real division between the left and the right in Europe - what that has to do with monetary policy?
It might be a joke after all, but not for the reasons above. IMHO
Delphi
- Date: Sun Jun 28 1998 18:20
Michael () ID#293379: -
Currency
Yen -4.0500 138.155
0Mark -.0201 1.7903
Pound -.0023 .5993
Swiss -.0278 1.4981
ECU +.0060 .9139 - Date: Sun Jun 28 1998 18:19
rhody (@ CPO@AU: your comments seem to imply that the introduction) ID#411331: - of the EURO is negative for gold.
How can introduction of a currency that can do
nothing but pull down the US dollar be negative
for gold? How can a new currency that is at
least 10% backed by gold ( vs 0% for the US$ ) be
negative for gold?
Would you be so kind as to explain? - Date: Sun Jun 28 1998 18:10
Delphi (Cage Rattler,17:18 - Duisenberg never promised to step down early) ID#258142: - Duisenberg is not alone - it is also official position of Dutch Ministry of Finance ( see May 09 1998 19:43 ) .
- Date: Sun Jun 28 1998 18:09
Bill Buckler (Aussie Politics - Pauline Hanson - And Gold?) ID#256381:
Copyright © 1998 Bill Buckler/Kitco Inc. All rights reserved - Pookie ( 10:22 ) I did write a piece on Pauline Hanson and Aussie Politics for my subscribers. Thank you for respecting my wishes that it not be posted.
However, I have had some requests from Aussie subscribers that I post the article for general access. I have decided to do so. There is now a link to the article at the home page of The Privateer website.
If anyone thinks that this is not germane to Gold, then examine this proposition. Pauline Hanson's crime is her suggestion that everyone in Australia be treated equally. If you examine that suggestion right down to its roots ( and she hasn't ) , you will find that it would require a complete revamping of modern political practice, most notably a complete dismantling of the modern redistributive state.
If money can be easily created, it can be easily redistributed. Under a Gold standard with Gold as money and paper as a receipt for money ( a la pre-1933 Gold Certificates in the US, for example ) , money can not be easily created.
To borrow a term beloved of Socialists of all varieties, it is no accident that one of President Roosevelt's first acts after he was Inaugurated on March 4, 1933 was to gain the authority necessary to seize privately-held Gold. He got this authority from Congress on March 9, 1933 and invoked it on April 5.
- Date: Sun Jun 28 1998 18:08
CPO@AU (JP( Why the Euro may fail ) #ID 253153~ lets Hope that you are right) ID#329186:
Copyright © 1998 CPO@AU/Kitco Inc. All rights reserved - The crazy thing is that we are told there is no going back once IN which is foolish many fiat currencies have failed over the years and a replacement was found.BC's side kick Blair would love to creep in the backdoor ( to this political currrency ) But with IT skills & resources going to the USA for Y2K they will be behind with EUO conversion and Y2K, an it might dawn on The brussels Gravy train Mob that they will have to delay the EURO in order to at least start Y2K.
I wonder when the inertia to keep going forward with EURO's will cause one of the Pro Euro's to realise that Y2K will beet them and it might we wise to delay ( 20 years )
go gold ( physical )
cpo - Date: Sun Jun 28 1998 17:51
JP (Old Gold-- What do you think gold will do this week ?) ID#253153: -
- Date: Sun Jun 28 1998 17:51
arden (Mike - shhhhhhhh ) ID#201238: - Mike don't tell anyone about our plan to turn paper into gold! That is the essence of Clarity.
- Date: Sun Jun 28 1998 17:50
TYoung (James...point noted on JY) ID#317193: - I'll see what kind of balls I have. Think JY to at least 145-7 first. Wait and see. I will be ready at 143...you know more than me.: )
Tom - Date: Sun Jun 28 1998 17:47
OLD GOLD (MONEX) ID#242325: - In his latest MONEX commentary RJ suggests gold is near a trough. That makes him more optimisitic than most on this site right now. My how times do change.
http://www.MONEX.com/mt.html - Date: Sun Jun 28 1998 17:36
James (Windfall) ID#252150: - or winfall. What's the difference as long as you win?
- Date: Sun Jun 28 1998 17:34
GoldnBoy (JP) ID#432112: - Item #3...costs..more accurately... By your own admission the economy will function more efficiently.
- Date: Sun Jun 28 1998 17:31
James (Rhody@There is a lot to be said for cutting back on Kitco perusal time.) ID#252150:
Copyright © 1998 James/Kitco Inc. All rights reserved - My dear wife was away with her mother for 2 weeks & I fell into the habit
of having an afternoon beer instead of coffee. By 3pm I was in the pub instead of the library & did'nt read any financial pubs for the last 10 days or so. Luckily, a 1 hr perusal of Kitco kept me up to date on all the major fin news, & I get auto updates on any news affecting my stocks.
Lo & Behold! Thanks to my gas & oil stocks & my semi hi-flyer, my portfolio increase by 8% in the last week. There were a couple of times I was tempted to sell something but instead went for a beer.
Although I really appreciate the high quality of the Kico posts, the tone is usually so negative that I find it difficult to stay the course with solid non-gold stocks. Like everything else Kitco & all the fin doom & gloom news is fine in moderation. - Date: Sun Jun 28 1998 17:25
JP (Why the Euro may fail ? ) ID#253153:
Copyright © 1998 JP/Kitco Inc. All rights reserved - Eleven nations will make up the the Euro as it comes into existance with the hope it will rival the US dollar as a major world reserve currency.The Euro is scheduled to come into existance Jan 1,99 but the currencies of the 11 nations will continue to be legal tender in their respective nations.Following 3 years of transition, Euro notes and coins will be introduced into circulation beginning Jan I,2002. On July 1, 2002, currencies of the EMU members will become extinct. What are some of the problems ?
1. Creating a new bureaucracy in Brussel to oversee existing bureaucracies in the individual countries. That does not increase efficiency.
2. Different cultures, languages,history and customs will make the whole union artificial.
3. The major corporations stand to gain from this union because they will be able to determine their costs more accurately and locate their plants wherever labor costs are the lowest. Improvement for the human element is missing.
4. Implementation costs are very high.
5.There is real division between the left and the right in Europe.
Unions are very powerful in Europe.
In summary : The whole union may be a joke.
- Date: Sun Jun 28 1998 17:19
6pak (USofA (MAI) No culture Minister @ International Corporate BIG BROTHER (MAI)) ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - Culture conference to discuss trade globalization threat
Political representatives from 22 countries as diverse as the Ivory Coast, the Dominican Republic and Poland arrive in Ottawa today for the first ever conference of culture ministers.
At the same time, a parallel meeting of about 175 delegates from non-governmental organizations, hosted by the Canadian Conference of the Arts, will tackle some of the same issues.
A major catalyst for this flurry of interest surrounding heritage and culture is the Multilateral Agreement on Investment ( MAI ) .
Without a cultural exemption, or some additional cultural reference point in these agreements, everything will be treated just like a good or service or an investment, period, said Keith Kelly, national director of the Canadian Conference of the Arts.
Groups like hers from around the world were able to point out the flaws in the MAI, and eventually derail the negotiations, by talking to each other over the Internet, said Rebeiro.
The United States will have no official representation, as it has no culture minister.
http://www.freecartoons.com/NationalTicker/CANOE-wire.Culture-Conference.html - Date: Sun Jun 28 1998 17:18
Cage Rattler (Duisenberg tells newspaper he never promised to step down early ) ID#33182:
Copyright © 1998 Cage Rattler/Kitco Inc. All rights reserved - AMSTERDAM, Netherlands — In a declaration that could rekindle a bitter continental squabble, the new head of the European Central Bank told a Dutch newspaper he never promised to step down midway through his term.
Wim Duisenberg, president of the bank that will set European monetary policy and oversee the historic switch to a common currency, told the respected daily NRC Handelsblad he didn't agree to split the eight-year term with a Frenchman as France insisted.
There is no agreement that I will retire early,'' Duisenberg was quoted as saying in the newspaper's weekend edition.
In an interview with the BBC earlier this month, French President Jacques Chirac said Duisenberg had promised he would quit after four years to make way for the current Bank of France Governor, Jean-Claude Trichet.
However, Duisenberg -- a Dutchman who headed the Frankfurt-based European Monetary Institute until his appointment in May -- denied there is an agreement about a split term.
Asked whether he had made that promise to Chirac, he simply answered no.''
Bitter bickering between France and the Netherlands spilled over to other European Union countries in the runup to Duisenberg's appointment.
Critics contend that France's insistence on sharing the new central bank's first presidency violates the Maastricht treaty, the accord considered a blueprint for the Jan. 1, 1999, debut of the single currency, the euro.
Duisenberg was able to defuse tensions by reading a statement saying he would stay on at least until mid-2002, when monetary union is fully in place with the circulation of euro coins and notes.
- Date: Sun Jun 28 1998 17:16
Cage Rattler (Officials discuss state control of Japan's troubled banks) ID#33182:
Copyright © 1998 Cage Rattler/Kitco Inc. All rights reserved - REUTERS - TOKYO -- Officials of Japan's ruling Liberal Democratic Party met Ministry of Finance bureaucrats on Sunday to discuss a bad loan cleanup plan, including how it would be funded, party officials said.
At the same time, officials signaled that Japan is giving in to world pressure for swifter action on its economy by advancing up to a week its plans for a so-called bridge bank to take over billions of dollars of bad bank loans.
A top LDP leader said Prime Minister Ryutaro Hashimoto had asked that the plan be prepared by July 2, a week ahead of the original schedule.
Speaking in an interview on NHK national television, Masakuni Murakami, secretary-general for LDP upper house members, said: At first, the prime minister said by July 8, but the day before yesterday he told us to come up with a final decision by July 2.
LDP officials said the main point of discussion was over the formation of a bridge bank to protect depositors in the event of bank failure, but no decision was reached.
Under a bridge bank scheme, troubled banks will come under state control so they can continue lending to sound borrowers until those banks find merger partners.
Finance officials at the meeting called for covering possible loan losses under the new scheme by using Japan's 30 trillion yen ( $210 billion ) economic stimulus package, Kyodo news agency reported.
The government earlier this year made ready 30 trillion yen to stabilize the financial sector -- 17 trillion yen ( $119 billion ) to protect all depositors and 13 trillion ( $91 billion ) to recapitalize selected banks. Only two trillion yen ( $14 billion ) has been used so far.
At the meeting, Ministry officials also proposed creating a screening committee that would scrutinize the quality of the loans to be taken over by the bridge bank, Kyodo said.
If any loans become irrecoverable despite the screening, the resulting losses should be covered by the 13 trillion ( $91 billion ) allocated to the government's Deposit Insurance Corp. to recapitalize banks, Kyodo quoted MOF officials as saying.
Some LDP members said at the meeting that the government should apply the bridge-bank scheme to Hokkaido Takushoku Bank, which collapsed last November and whose merger talks with North Pacific Bank have been stalled.
LDP officials said the party's task force will meet again on Monday, inviting officials from the newly established Financial Supervisory Agency to attend.
LTCB and Sumitomo Trust and Banking Co. announced on Friday that they were discussing a merger, but Sumitomo Trust said a merger would apply only to sound assets and the bank had no intention of taking over LTCB's problem loans.
- Date: Sun Jun 28 1998 17:14
James (The JY@Another chance to make a big winfall for those with titanium testicles) ID#252150:
Copyright © 1998 James/Kitco Inc. All rights reserved - From Felix Zalauf, this wek's Barron's:
A decline of one yen against the dollar changes the lending capacity of Japanese
banks by over $7 billion. Clearly, radical policy changes are needed urgently.
I do believe that after the upper-house election of July 12, they will act
immediately. They must sharply increase government spending and implement
sustainable tax cuts for consumers. They must also seriously deal with the
bad-loan situation and steer an easy monetary policy. They understand this
now. Once Japan does this, international coordination by the other G-7
nations to strengthen the yen is likely to accompany her efforts. All of this will
result in a rescue operation for Japan. Therefore, also for Asia.
Me:
There is no doubt in my mind that the Japanese treasury will read RR's script after the elections ( probably around Jul 25 ) , the mkts will like what they hear & with the help of a massive intervention the JY will be forced back up to 130. The Japanese have looked at the abyss & cold fear has concentrated their minds. The jury will be out for some months to see if the Japs can really deliver on their promises. If they think not, then all is lost. The JY will go to 180 & we will be in the grips of a worldwide depression for many years. I'm going to try to screw up my courage & buy th JY over 143 some time in the next week.
Needless to say the strengthening JY will be good for POG & we could get to well over 300 by the end of July.
- Date: Sun Jun 28 1998 17:13
GoldnBoy (George) ID#432112: - I spent many a year auditing ANCSA Corps. It was a slick F%#king of the Alaska Native.
- Date: Sun Jun 28 1998 17:05
6pak () ID#335190: - Serbs, rebels locked in new Kosovo standoff at Kijevo
PRISTINA, Yugoslavia ( AP ) -- Ethnic Albanian militants dug into their positions Sunday around a besieged Serb village in Kosovo -- a showdown some fear could plunge the secessionist province into all-out war.
http://www.freecartoons.com/WorldTicker/CANOE-wire.Yugoslavia-Kosovo.html - Date: Sun Jun 28 1998 17:00
GoldnBoy (Bingo) ID#37869: - If I take a conventional IRA I get a current deduction @ 36+% on the margin. It takes time for tax free earnings to equa a cuurent tax break.
- Date: Sun Jun 28 1998 16:59
6pak (Corporation's & Property Right's & Common Law @ 2% of Corp. mergers challenged (Smoke & mirrors EH!) ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - Government trustbusters working long hours
corporate mergers that have broken records year after year. This year alone, mergers are up 30 percent, with no end in site.
The competition agencies are also enforcing laws against companies they believe have misused market power to extend monopolies, discouraging innovation.
Of course, the companies have a different view and are vigorously fighting for their rights.
No one here has seen anything like it in our lifetimes, Pitofsky said. You have to go back to the end of the 19th century to find a merger wave that's quite like this.
Thirty years ago, trustbusters just said no to most mergers of competitors. A change in antitrust philosophy now lets some competitors combine, but the price is a thorough and time-consuming review.
Even so, 96 percent of mergers get a quick green light. After close scrutiny of the remainder, only 2 percent of all proposed mergers are challenged.
They have targeted companies that collude to eliminate competition and paralyze the free market by fixing prices or allocating territories.
Fines against big companies here and abroad that fix U.S. prices generated $240 million during the first seven months of this fiscal year.
http://www.freecartoons.com/ReutersNews/ANTITRUST-WORKLOAD.html - Date: Sun Jun 28 1998 16:57
George__A (Pookie@ Aussi) ID#433172:
Copyright © 1998 George__A/Kitco Inc. All rights reserved - I was surprised by your post about aboriginal rights in Australia. I'm in South East Alaska, they have done something similar here. Native corporations were established giving each native 880 acres of the most valuable timber land around here. Indiviuals weren't given anything, corporations were formed , and they wewre given stock ( shares ) . The whole thing is mostly clearcut already and shipped to japan.
I thought the people of Australia had better sense? These give-a-way programs are setting the scene for social disaster down the line. You imply it in your post.
In fact,there is in place a landed aristocracy, you can guess what I think of that crap. - Date: Sun Jun 28 1998 16:53
Bill2j (@Blooper) ID#259400: - Blooper, you say a July rally. How much of a rally? Are we talking 5%, 10% or ?. Please give estimates on XAU and gold.
- Date: Sun Jun 28 1998 16:37
Bingo (Goldnboy) ID#263254: - What 15 years to fruition?
You can take your bird by the neck immediately with a ROTH. That's the point here. Get your money out of it without penalty and without waiting til your 59-1/2. AND take 4 years to pay the pre-transfer tax. I DO think the bums on the hill will try to pull the plug, soon. So take take advantage of the loophole while you can.
- Date: Sun Jun 28 1998 16:28
George__A (Blooper ) ID#433172: - I hope ypur right about a ralley coming up. I am planning on doing just what you suggest, then rebuy more intelligently later, it would be a second chance.
Anyone pick up on Clintons statement regarding Tibet? If I heard correctly he offered to give China recognition that Tibet was a part of China if the Chinese government would enter into a dialouge with the Dali Lama. I guess we are lead to belive he's on the side of Tibet? That's the media ploy. Last stich thru the nose for Tibet.
What else will he surrender? Whatever. - Date: Sun Jun 28 1998 16:16
sam (KB&G) ID#286234: - A slow Sunday afternoon. If you stop by the bar and no one is there just push the sleep [ZZ] button, you will see when anyone else comes in. I am off to find a bucket of pickles.
- Date: Sun Jun 28 1998 16:15
golddkm (That last was ....) ID#429270: - as well.
- Date: Sun Jun 28 1998 16:15
golddkm (That last was ....) ID#429270: - as well.
- Date: Sun Jun 28 1998 16:13
golddkm (That last was ) ID#429270: - as well.
- Date: Sun Jun 28 1998 16:12
GoldnBoy (Bingo) ID#432112: - I'm suspicious of any tax benefit that takes over 15 years to fruition ( Roth vs Conventional IRA ) . What makes you think that congress won't change it's mind on the taxability of a Roth IRA if current circumstances warrant? I'll take my bird by the neck thank you.
- Date: Sun Jun 28 1998 16:11
Trinovant (Gold: Many references in the Bible,) ID#359316: - And the Koran http://www.hti.umich.edu/relig/koran/simple.html
The Family of Imran
1.[3.14] The love of desires, of women and sons and hoarded treasures
of gold and silver and well bred horses and cattle and tilth, is made to
seem fair to men; this is the provision of the life of this world; and
Allah is He with Whom is the good goal ( of life ) .
- Date: Sun Jun 28 1998 16:06
GoldnBoy (Bill2j) ID#432112: - You forget about FEAR...Fear is in he air...Y2k...Stock Crash...Deflation...Bombs...A general feeling that we've had it too good for too long.
- Date: Sun Jun 28 1998 16:05
Bingo (Envy's 15:04 post.) ID#263254: - If you and your wife make under $100,000 collectively in 1998, you can switch to a Roth IRA and access your funds with NO PENALTIES. I will post more details if you would like them.
- Date: Sun Jun 28 1998 16:05
golddkm (Two US banknotes.. one is the series of 1923, it says on the top ) ID#429270: - certificate and this certifies that there has been deposited in the
treasury of the United States of America...one silver dollar payable to
the bearer on demand. The second bill, series of 1995, is about two-thirds the size of the old bill. It states federal reserve note...one dollar. The first note is signed by Frank White, Treasurer of the
United States. The second note is signed by Robert E Rubin, Secretary
of the Treasury.
To all those in Asia today, which promise would you rather have?
- Date: Sun Jun 28 1998 15:57
Bill2j (@Glenn) ID#260433: - You have expressed my sentiments exactly. However on the other hand over a period of 3 years I have become less and less conviced that gold will go up and the S&P will go down. At least in the forseeable future. There are geologic time frames and historic time framss. In historic time frames empires rise and fall so 100 years from now who knows. 5 years out I see nothing to make gold more valuable than it is today and a lot to make it less so. I pray I am wrong.
- Date: Sun Jun 28 1998 15:53
SWP1 (@GoldDancer) ID#233199: - Is there any way your ( or anyone else? ) can find a refernce for that potato market story?
I think it's really important for anyone trying to determine the proper balance between physical and mining shares. ( I feel safer with RSA share by the way. )
Do you have a year and a month?
Thanks
....steven - Date: Sun Jun 28 1998 15:47
Trinovant (Diamond: Not in bible (but is there another word?)) ID#359316: - Bible Gateway TM
Search Results ( English-NIV )
Search string: diamond
Your search string was not found in the concordance.
http://www.gospelcom.net/bible
- Date: Sun Jun 28 1998 15:46
glenn (sunday) ID#376309: - so what type of conversation are we having here on this sunday afternoon?
We should count all the reasons why stocks are going to go up and gold is going down. It's insane but I'm short gold and long a S&P. One day the trend will change, one day. - Date: Sun Jun 28 1998 15:38
Squirrel (For those who wish a shortcut to nano-made diamonds) ID#287186: - http://nanozine.com/NANOECON.HTM#intl
and a comment on Gold
http://nanozine.com/NANOECON.HTM#money
and regarding mining of precious metals this snippet
RELEASE THE NANITES, trillions of them, to scurry through the soil sniffing for ... and collecting heavy metals and GOLD
snipped from http://nanozine.com/GREEN.HTM#Dump Sites - Date: Sun Jun 28 1998 15:34
Earl () ID#227238: - Pookie: Thanks for your elaboration on OZ scene, last nite. We are seriously behind you folks in many ways. A clear indication that ROR and his minions will have to roll up their sleeves and get that Demo Soc thing going. Quickly. ........ Lose your drivers license for not voting? Jeez, that would have saved me a lot money over most of my adult life. .... Seriously, it is a sad commentary.
- Date: Sun Jun 28 1998 15:27
Gold Dancer (ENVY) ID#377196:
Copyright © 1998 Gold Dancer/Kitco Inc. All rights reserved - My girl friend had an IRA account so she just sold her mutual funds
in the account and bought some DROOY. So She just paid commissions.
Gold is going up because positions must be unwound. Large short
position and coming decline in market will create fear. But also something else which no one has yet mentioned. We have had in this
country for the past 8 years or so what I think they call just in time
inventories. You know, don't have any more on hand than necessary because it costs you to do that. Well, now we have the Y2K problem
and companies and individuals are going to begin stockpiling needed
things so they can operate if there are delays which there will be.
Are you not going to keep your gas tank filled, get in a little more
toilet paper etc. So multiply this by milllions and you have a mini
boom and rising prices for everything, hence gold will go up for
good reasons and the shorts will get hit. Like I said in my piece
Potatoes and Gold once gold gets to $500 or so I think we will be entering the danger zone of governments shutting the markets down
like they did in potatoes. They may not do this and gold may climb
back towards its old high of $800.,which in todays dollars is probably
$1200 . But I'm not looking for that. I'll just be content with a
strong ralley into early next year. Then we will know more. Right now
The Gold's are the best place to be simply because they lood the worst...
But this is just my opinion but I have been around the markets for
awhile, but as we all know that doesn't always count. ThanksGD
I have got to go sailing with my girl friend so I have got to sign off. - Date: Sun Jun 28 1998 15:22
Squirrel (pardon if I repeat a snippet from my Jun 21 04:41) ID#287186:
Copyright © 1998 Squirrel/Kitco Inc. All rights reserved - An emerging technology will soon {if it survives Y2K} yield an endless supply of made-to-order perfect {or customizably imperfect} crystals. Diamonds of any size and cut could be built atom-by-atom by these molecule-sized machines. So much for the premium price of De Beers diamonds. We could have optically precise diamond eyeglasses. GOLD, SILVER, and the other PMs could be mined by sending these little critters into ore bodies to extract the metals atom-by-atom and return to their hives - like bees with nectar and pollen. The cost of production of these PMs and all metals would fall precipitously while the supply burgeons. Recovery of any metal or element would be possible from landfills, effluent streams, and seawater.
For more info: http://nanozine.com/
And since Gold is more authentic than a glorified chunk of made-over coal - why can't billions of small GOLD coins or bars be sold to the masses? Or do present holders want to keep it all to themselves? Mass purchasing power could drive the price to four digits. At that level maybe Gold coinage would again be feasible because there would be enough Gold to do the job. Only 1/10 oz would be needed to make a coin with a face value of US$100 or NZ$200 - about what a cart full of groceries is worth.
- Date: Sun Jun 28 1998 15:17
chas (John Disney re diamonds) ID#147201: - Get them on approval and turn over to my GIA buddy. Bought well is half sold. All depends on the class or 4 C.s
- Date: Sun Jun 28 1998 15:09
John Disney__A (Okay ..) ID#24135: - Chas ..
You can sell Sh!t
But can you sell DIAMONDS ? - Date: Sun Jun 28 1998 15:09
Jeremy (Goodnight (goodmorning) !) ID#248170: - It's 02:15 here.
Thankyou !
- Date: Sun Jun 28 1998 15:08
aurophile (chas) ID#256326: - ROCLOL.........!!!!/// gone to watch mirages in the heat, and dream of diamond mines.........
- Date: Sun Jun 28 1998 15:04
Gold Dancer (Stuck with Diamonds) ID#377196: - SUF is stuck with diamond mining. That's all they have. But RANGY had
both gold and diamonds. So why are they selling the diamond side if it
the most profitable? These guys are not stupid. They must see that gold
will be better at least over the next 5 years or they would not sell
even if they needed the money for another project unless that project
were better. This is what makes sense to me. Thanks GD PS. it's
not whether diamonds are worth lots or 0, it's timing and relative
values. - Date: Sun Jun 28 1998 15:04
Envy (Gold Dancer) ID#219363:
Copyright © 1998 Envy/Kitco Inc. All rights reserved - Thanks for the comment about your lady last night. My question is - how much did it cost her to get out of her mutual fund ? I mean, I don't know about her, but mine was pre-tax, and I know there is a penalty for getting out of an IRA/401k. I'd love to get out of mine, but I don't want to pay .80$US on the 1$US to do it.
Regarding your comment about a Gold bull. My intuition is telling me that it'll probably happen. I got in about two weeks ago and will likely get in deeper if the price drops again. Someone on here said something about gold going to 100$US/oz, now that I'd like to see. Common sense tells me it ain't gonna happen though. I think 250-280$US/oz is about as good as it's gonna get. I'd love to be wrong, I love purchasing gold for a song, I'd love to see it drop even further, but I feel like I'd be asking for too much to believe that it would - I mean, come on, how low can it really go ? I saw the comments here that gold has no real use, and the banks don't want it, and people are selling it, etc, etc - come on, it's GOLD, it's the subject of 10,000 years of human myth, even my 5 year old cousin knows the value of a gold coin and he doesn't know what an investment is. As for the question of will it go up ?, well, yeah, eventually. : ) Look at the price man! Where do YOU think it'll go ? - Date: Sun Jun 28 1998 15:04
chas (John Disney re sh!t) ID#147201: - Sold a bunch and can do it again. Cow and horse manure is good for growing good food. Chicken and sheep is good too, but needs to be processed.
- Date: Sun Jun 28 1998 15:04
Jeremy (diamonds (with a small d)) ID#248170: - But more importantly,
Find me one phrase in The Bible that mentions the word diamond ? - Date: Sun Jun 28 1998 15:04
John Disney__A (DeBeers didnt Market..) ID#24135: - in Stratford on Avon..
But I know when Im outclassed ..
Im overwhelmed by the opacity
of your obfuscations ..
I need a break ...
- Date: Sun Jun 28 1998 15:03
aurophile (Jeremy) ID#256326: - Many a clever man is careful NEVER to mention the word diamond around women.
- Date: Sun Jun 28 1998 14:56
Jeremy (diamonds) ID#248170: - Find me one phrase in the Complete Works of Shakespeare where he mentions the word diamond ?
He was a clever man. - Date: Sun Jun 28 1998 14:54
John Disney__A (These are Powerful Statements ) ID#24135: - Jeremy ..
1. what is REAL value
2. Who is this salesman that can
sell sh!t
- Date: Sun Jun 28 1998 14:52
John Disney__A (These are Powerful Statements ) ID#24135: - Jeremy ..
1. what is REAL value
2. Who is this salesman that can
sell sh!t
- Date: Sun Jun 28 1998 14:51
Gold Dancer (Diamonds) ID#377196:
Copyright © 1998 Gold Dancer/Kitco Inc. All rights reserved - I bought Southern Era at $2.40 and sold at $17.25. I really struggled
to sell because I thought it was going to be worth at least $30. But I
looked at RANGY which had a piece of the action so waited and bought it
for $1.25. And more at $.80. Debeers plays a tough game. Diamond mining
is the most profitable mining in the world. So why is RANGY selling to
Southern ERA? They must feel that they can do better things with the money. The only thing I can think of is that in a recession or depression
into which we are heading gold is going to be more in demand than
diamonds. Yes Southern Era will do well but RANGY will do better. Diamonds are very rare, but only the big good ones. RANGY will go to at
least $10 AND SUF MIGHT GET BACK TO $15. We will see...but I think so.
Thanks GD - Date: Sun Jun 28 1998 14:51
aurophile (Diamonds are forever) ID#256326: - I waltzed the synthetic rock idea past the love of my life, and she promptly stepped on its toes. Well of COURSE I wear synthetics when we go somewhere not entirely secure. But believe me dear, De Beers has a plan. She owns the stock too, fwiw.
- Date: Sun Jun 28 1998 14:47
Jeremy (@ Mr. Disney) ID#248170: - When REAL value becomes common perception diamonds will be zero. A good salesman can sell sh.t !
- Date: Sun Jun 28 1998 14:44
John Disney__A (Call Me Diamond John) ID#24135: - Jeremy ..
What kind of a deal is THAT
But if they are worth zero .. can
you walk me through the economics
of manufacturing Synthetics..
For example.. are the costs
of manufacture LESS than zero - Date: Sun Jun 28 1998 14:44
Jeremy (@aurophile) ID#248170: - What can one man do against the force of time ? Rubin = Ruby = 0.
Greenspan - span = Ganga. - Date: Sun Jun 28 1998 14:43
aurophile (John Disney) ID#256326: - Thank you kind sir. Sounds a good investment.
- Date: Sun Jun 28 1998 14:40
aurophile (Jeremy) ID#256326: - Well after all, he is involved in some rather delicate negotiations. These things could be important, don't you know.;- )
- Date: Sun Jun 28 1998 14:39
John Disney__A (Real Estate Here) ID#24135: - Aurophile ..
Has been rising the past 4/5 years
at at least 20 %/Yr .. Many foreign
buyers .. Emglish .. Many Germans..
I bought this place 4/5 years ago
for 550,000 .. I can get 2 million
for it net of all costs. But wont
sell. Recent interest rate increase
to defend exchange rate will probably
slow price rises a lot. - Date: Sun Jun 28 1998 14:39
chas (Mike Sheller re mfg gold) ID#147201: - I don't believe gold can be made from lead etc, at least economically. I have made crystallized nuggets from dust. Always made it emphatic that it was manufactured when I sold it. Charlie
- Date: Sun Jun 28 1998 14:37
aurophile (Jeremy) ID#256326: - Oh. Sorry. I thought you were referring to Mr. Rubin's sous ventre.;- )
- Date: Sun Jun 28 1998 14:34
Gold Dancer () ID#377196: - Of course those negatinve feelings were towards silver . But you knew that. And remember that silver went to $50 in a years time. Gold didn't do as well till later but this time both will go at once...because this
time they will be looked at as money. The internet will be the source of
information about fiat currencies, gold etc. that was lacking in the past. Now all will be exposed for all to see. When the turn comes it
will come with the speed of a mouse click!! Thanks. GD
- Date: Sun Jun 28 1998 14:34
Jeremy (@aurophile) ID#248170: - You know, ruby's ( rubies? )
Those funny coloured ( colored? ) things they put in rings and call gems ( jems? ) - Date: Sun Jun 28 1998 14:33
vronsky (My heart's in the Highlands...) ID#426220: -
My heart's in the Highlands,
my heart is not here,
My heart's in the Highlands,
a-chasing the deer;
A-chasing the wild deer and
following the row,
My heart's in the Highlands
wherever I go.
- Robert Burns, 1790
- Date: Sun Jun 28 1998 14:30
chas (Mtn Bear re Southern Appalachians) ID#147201: - Where you is, I'm in Morganton, N.C.
- Date: Sun Jun 28 1998 14:29
STUDIO.R (@ohmy........) ID#288369: - We have a loose bong rolling about the deck. All hands on deck.
- Date: Sun Jun 28 1998 14:26
aurophile (Jeremy) ID#256326: - Ruby who?
- Date: Sun Jun 28 1998 14:26
Jeremy (To Mr. Disney) ID#248170: - Yes I will give you all the Diamonds I have for 0.0$
But I have no diamonds !
Will you settle for a beer instead ? - Date: Sun Jun 28 1998 14:25
tolerant1 (Jeremy, Namaste' TINTIN speaking to Captain Haddock...Yes, but he seems) ID#373284:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved - rather more pre-occupied than usual. And In your Honor Jeremy...a re-post of thoughts...ONE WORLD...Hmmmmmmmmmmmmmmmmmmmmm...
Where there is no dream, the people perish. We must collectively provide hope, and challenge the human spirit. Life is effort, when any individual no longer believes this they begin to wither.
Individuals that confront challenges, disabilities and disadvantages awaken each day with a sense of worth, becoming more valuable to themselves and society as a whole.
I do not pretend to be a master of the issues, nor do I believe that I alone have the collective wisdom and foresight to make responsible decisions that will effect our lives as well as generations of the unborn yet to come. We all need to actively participate in the decisions pertaining to the world we live in and share.
Now is the time to act, to help reshape common thought and let peace, tranquillity, wisdom and spirituality guide all of us as we enter an era when humankind can truly appreciate the integrity of creation.
The entire range of inter-cultural and international affairs is at an unprecedented point in human history. There is no question that as we hurtle towards the dawn of the 21st century a miraculous window of opportunity is opening. A new age renaissance, wherein all citizens of the world will come to truly understand their inter-dependence upon one another.
Business as usual is no longer the standard fare on the global plate, new methods, a new form of understanding and a true desire to communicate are quickly altering the self-imposed myths that have held back humanity from moving forward into the sun lit river known as the future.
Instead of acting like children that shy away from the dark, let us move together, step by step, hand in hand, into a world which is illuminated by sensitivity, intellect and compassion. Let the global populace embrace a universal sense of community through the individual gift that each member of humanity brings into the world.
We must strive for a world where there is freedom to access and access to freedom. A world in which people realize that communication and teamwork are essential for all of us to live in community.
We have the tools, let each of us learn how to put them to work.
Kevan S. Khanamirian
ONE WORLD, LOT’S OF DIFFERENT PEOPLE
- Date: Sun Jun 28 1998 14:24
Jeremy (Ruby's are plastic) ID#248170: - Ruby = 0
Diamond = 0
Paper = 0 and Mother Nature is a tad p..sed off.
Gold = Well we shall see.......
G o G r e e n...........G o G o l d - Date: Sun Jun 28 1998 14:23
John Disney__A (Really .) ID#24135: - Jeremy ..
Please elaborate ..
WHY are diamonds worth zero and
gold is worth 290 $/oz ?
How do you figure that. Will you
give me all the diamonds you have
for NOTHING - Date: Sun Jun 28 1998 14:20
Gold Dancer (I LOVE THE NEGATIVE FEELINGS) ID#377196:
Copyright © 1998 Gold Dancer/Kitco Inc. All rights reserved - The last time I have seen such negative feelings towards gold was end
of 1978. Even I didn't buy silver when it broke down and everyone
including the newsletter writers were negative or neutral. NO ONE saw
it coming. So hang on boys we are going for a ride!!! Faster than
anyone thinks. I can smell it. Look how fast things are moving. Currencies around the world are falling like flies... the Mexican Peso
hit a new low this weekend...an all time low. In July all will change..
the world will heading in a different direction. Last chance to buy
cheap. DROOY $15 by end of year. Just my opinion,everyone has one and
that is mine. Thanks. GD - Date: Sun Jun 28 1998 14:20
Mike Sheller (Gemzn'gold) ID#347447: - I see where they are now making in laboratories according to production schedules what it took Ma Nature millenia to fashion - gems of all kinds and Diamonds too! Does anyone here know of any plans afoot ( or ahand ) to synthesize gold in some way shape or form? Or should I just keep my mouth shut and not even THINK about such blasphemy? Any chemists, geologists, etc, out there? Aurophyle? Arden? LGB? Donald? JTF?
- Date: Sun Jun 28 1998 14:19
aurophile (John Disney) ID#256326: - What is happening to real estate values in rand terms in the Cape area? If it please you to answer, thanking you in advance.
- Date: Sun Jun 28 1998 14:16
John Disney__A (evening reflections) ID#24135:
Copyright © 1998 John Disney__A/Kitco Inc. All rights reserved - For 2bro2b ..
I reported that already .. getting evander brings
resources to 100 mill oz .. anglos has 200 mill.
for nanyuki ..
what do you want someone to say De Beers is a
brilliant company in a trickey business. problem
could be reduced demand due to far east problem . Are
diamonds forever If you think so .. buy De Beers.
But Others are getting into the game. Plus
synthetics ..
To all .
Very gratifying to listen to you guys rattle on
about RSA .. RSA also has a superb cricket team and
a rugby team that is at least better than Wales ..
( test score .. something like 95 .. 13 )
To Salty
Careful with bet on rsa playing in australia ..
Boks seem to draw penalties there for everything ..
Belching .. nose picking .. @ss scratching ..excessive
sweating .. you name it .. the boks will get a
penalty for it .. - Date: Sun Jun 28 1998 14:11
Jeremy (Diamonds) ID#248170: - Yes,
Diamonds are worth 0.
Isn't it funny that one gets engaged with a diamond but married with gold
G o G r e e n............... G o G o l d - Date: Sun Jun 28 1998 14:09
STUDIO.R (@go-man!, sax and studio, investment bankers........) ID#288369: - AZC......more cash on hand than market value. Current Ratio: 52. Huh?
Strange, but oh so nice....52!!!! WoW!!! Surely, they can find something very cheap to buy ( like gold ) .
I likes this kind of accounting. - Date: Sun Jun 28 1998 14:08
themissinglink (Nanyuki) ID#373403:
Copyright © 1998 themissinglink/Kitco Inc. All rights reserved - Forget investing in diamonds. They are now making them up to a carat ( cut ) in the GH VS grades in Russian and Chinese laboratories. DeBeers too has this capability. The jig is up. Formerly, only yellow industrial grades could be manufactured.
It is only a matter of time for the manufacturing process to improve and make larger stones. The technology barrier has been broken. DeBeers is talking about watermarking ( branding ) their diamonds. Why would a
monopoly need to brand themselves unless they were planning to exit the monopoly business? They see the writing on the wall, and the DeBeers brand will be associated with natural, not man-made. - Date: Sun Jun 28 1998 14:06
Jeremy (Tintin or smoking green ?) ID#248170: - I have read many Tintin books and have smoked many green leaves. But most of all I prefer reading Tintin after a big B O N G.
p.s. Thanks for popping in Japan. Maybee your grand plans sumo style were a touch self centred. It's one world you know. If you think that you are the chosen race... forget it ! We are all................. - Date: Sun Jun 28 1998 14:02
sam (Tolerant1) ID#286279: - Gulping it down
Easy it goes
Namaste - Date: Sun Jun 28 1998 14:00
tolerant1 (Ya just gotta love it...an audience of little people gathers...out to the lawn...) ID#373284: - to read Herge Adventures of TINTIN...Nestor...the Umbrella! And in Honor of ARAGORNIII a Morgan Silver Dollar shall fall from each of their ears...
- Date: Sun Jun 28 1998 14:00
aurophile (Mt Bear) ID#256326: - 97 degrees F and 10% relative humidity here at 7500 ft in the desert southwest with a 30 mph wind. Stopped trying to figure out the wind chill factor and had another cool ale...;- ) ) ) ) cheers!
- Date: Sun Jun 28 1998 13:59
Jeremy (Ganga) ID#248170: - Gentlemen, Ladies,
Thai green is the best gear on the planet. Per ounce it's more expensive than g o l d. It is so comforting to know that the best things in life are F R E E. At least in Thailand anyway.
G o G r e e n ............ G o G o l d. - Date: Sun Jun 28 1998 13:56
STUDIO.R (@RisingSun & 2BRO2B.................) ID#288369: - Ahhhhhhhhhhh yes, RANGY, my sweet little petunia. Now get out there and kick some butt!........
Thanks R.S. and 2BRO2B for the news......... ;^ ) ~ - Date: Sun Jun 28 1998 13:55
blooper (Spell that Aurophile,) ID#207145: - Sorry bout that.
- Date: Sun Jun 28 1998 13:53
blooper (Aurophyle,) ID#207145: - Nixon was a saint, compared to Clinton. Campaign dirty tricks happen every election, in all parties. Media hated him. They love Clinton, who rates 2 notches below a child molester.
- Date: Sun Jun 28 1998 13:50
Mtn Bear (SE) (@wert your 10:12) ID#347267: - I'm envious!! Here in Southern Appalachains, has been hotter in June than my experience in 10 years. Yesterday was hottest yet, 91 in shade on my front porch at 3 pm. Usually have a breeze ( do today ) but not yestiddy!! Hotterna pistol out in the sun. Best to chill out in the shade with a coolun!!
Regards; Mtn Bear ( SE ) - Date: Sun Jun 28 1998 13:47
aurophile (Selby) ID#256326: - Even more unforgiveable to the media commies than China giving up on marx is the gut-wrenching realization that Nixon really WAS a genius.
- Date: Sun Jun 28 1998 13:46
blooper (Beware, even with gold,) ID#207145: - Rally will be short lived, thru 3rd week in July. Sell into strength, for this is also a succer rally. Wait for drop to come in dollar, rates. I speculate, so, I guess, I guess. Energy has bottomed, so, look for upgrades. I only have a 20% position in gold. 40% Oil, 40% Europe. All decent valuations.
- Date: Sun Jun 28 1998 13:38
Grizz (I guess it is too much to ask for Gold to be common coinage again) ID#431366: - It will be a long time before I can go for the Gold.
I can't buy Gold just to have it sit in a drawer. Groceries in my kitchen are more valuable and a better hedge against the oncoming Y2K crash.
I just had this misplaced hope of having Gold & Silver money in my pocket instead of paper in my wallet. Money I could use to buy breakfast without getting strange looks and being perceived by my friends as being one of those rich folk that can afford to buy Gold or Silver. - Date: Sun Jun 28 1998 13:34
tolerant1 (Ahhhhhhhhh...finally...YES...a beautiful day back on the Island that is Long...YES!) ID#373284:
Copyright © 1998 tolerant1/Kitco Inc. All rights reserved - No longer on Mars...children sprouting on the lawn...Lord Molson is up and about...ceremonial ( spelling for sam...gulp of reserva to ya... ) candles are lit for Gollums Lady...Mr. Mick's Lady...jammin to the Beatles...life is grand...
Tagore is loose in the house and writing poetry every where...
Even Sam Beckett is smiling...who woulda thunk it...
And now...into the mystical worlds the various littles are dreaming up...
todays word immerse...
yEEEEEEEEEEEEEEEEhAAAAAAAAAAAAAAAAAAAAAAAAAA!!! ( short margins for the fin that shares.... )
I look at you all...see the love there thats' sleeping...
George Harrison...
- Date: Sun Jun 28 1998 13:27
blooper (Gold rally starting) ID#207145: - Check dollar-gold chart back 2 years. Every time gold drops for more than three months, it has a rally. Gold is over sold, and 3.8 Billion came into market as of 24th. Summer Rally starting. Shades of late January. Check it out, as not wasting time on same old tired negativism.
- Date: Sun Jun 28 1998 13:20
nanyuki (DeBeers) ID#195112: - Still looking for anyone willing to comment on this company. I am baffled by the lack of interest in this company. E-mail msb-bcm-no1@worldnet.att.net.
- Date: Sun Jun 28 1998 13:11
Grizz (Gagnrad - Thank you for your url offerings.) ID#431366:
Copyright © 1998 Grizz/Kitco Inc. All rights reserved - Perhaps I should look into other careers. Maybe go back for more college. Though I have been there and done that - thrice! Guess it is my Grizzly personality ;-! Though more likely it is a general feeling of what's the use! But hope springs eternal they say - guess that is why I keep coming back here - for hope. Thanks!
Farfel - most of us have given up regarding politics and government. Anybody that could do a good job doesn't stand a chance of getting elected to a local school board and certainly not any higher office. Time and again we have elected folks we thought were better than the average bear - only to find they were liers and thieves like the rest or they had to become lying thieves to survive in politics. Just as bad money drives out good - so have bad politicians driven good people out of politics. - Date: Sun Jun 28 1998 13:06
2BR02B? (@Rising Sun) ID#266105: -
The 16mil payout by SouthernEra to Randgold works
out to .39sh ( 41mil Randgold sh outstanding ) . - Date: Sun Jun 28 1998 12:59
2BR02B? (Harmony acquisition) ID#266105: -
GOLD FIELDS/HARMONYGold Fields has sold its
86% stake in Evander Gold Mines to Harmony Gold
Mining Company in a cash and shares deal. Harmony is
aiming to acquire the whole of Evander and delist it. Gold production will be raised by 375 000 ounces a year. - Date: Sun Jun 28 1998 12:53
2BR02B? (Financial Times World Gold Conference in Barcelona) ID#266105: -
http://www.btimes.co.za/98/0628/news/news9.htm - Date: Sun Jun 28 1998 12:50
Rising Sun (For all RANGY fans) ID#411331:
Copyright © 1998 Rising Sun/Kitco Inc. All rights reserved -
SouthernEra to buy out Randgold's Marsfontein rights
By Peter Kuitenbrouwer
Saturday, June 27, 1998
The Financial Post
ÿSouthernEra Resources Ltd. will pay $16 million to buy out the rights
to the Marsfontein diamond find in South Africa from joint venture
partner Randgold & Exploration Co. ÿThe deal will close Sept. 30, the
company revealed in a material change report filed with the Ontario
Securities Commission this week. ÿAdding those rights will give it a 40% interest in a joint venture with De Beers Consolidated Mines Inc. to develop the cache. De Beers will own the other 60% of the mineral rights on the entire Marsfontein farm.
ÿUnder the terms of the June 15 deal with De Beers, SouthernEra also
agreed to sell all output from Klipspringer, the sprawling diamond
mining project it owns outright in the Northern Province, through De
Beers' Central Selling Organization. Marsfontein is on the Klipspringer property.
ÿSouthernEra will sell those diamonds to De Beers at 10% below the
standard selling value and pay a sorting fee of not more than 0.5%. This is better than the standard De Beers deal under which independent
producers receive 25% less. ÿPlus we get a guaranteed buyer,
SouthernEra president Chris Jennings said Friday. ÿIn exchange,
SouthernEra will contribute its existing processing plant to the ...
joint venture.
ÿThe filing also says if De Beers has not begun mining Marsfontein
within 120 days of the issuing of a mining permit, SouthernEra can buy
its share of the rights for $21 million.
ÿJennings expects to get the mining licence for Marsfontein next week. - Date: Sun Jun 28 1998 12:34
STUDIO.R (@Jonestown revisited............) ID#288369:
Copyright © 1998 STUDIO.R/Kitco Inc. All rights reserved - Studio, how hot is it there?
I went out to get the Sunday paper......I smelled something kinda' like cooking sauerkraut....shooowwwwweee. But there are no germans in our neighborhood?...so then I walked down the street a bit, and then I saw it......on my dear God!, dead okies all over the damn place. Innocent folks who probably went out to get the paper or go to church. Pitiful. I made it back in only 'cause I had a Cuba Libre! in me hand. I never leave the house without one. Thank the lord. It saved my life.
I'll tell you how hot it is............a glass of tap water forms condensate on its outside....no yoke. This is surely hell. 'eeerr....Excuse me while I refresh this life-saving drinkie o' mine.
ohmy. - Date: Sun Jun 28 1998 12:24
Fummer (To: Haggis) ID#284235: - Have you run across a fellow geologist name of Bob Berven? Last I heard he was working for Croesus and had also formed his own company-Golden State Resources. Should you encounter the bloke, just say you had a message from a Yank in Lancaster, PA. Now go find a mine.
- Date: Sun Jun 28 1998 12:07
TYoung (Disney...oris) ID#317193: - Even a broken clock is right for two minutes a day. Worse, F* is not bullish. Maybe it is time to review positions.
Brother oris...formulating beer and pretzel test. May need to switch to beef jerky. B & P test saying gold up this week...I think this is a false result or I was too drunk to read results! Will try B & B test next.
Gold should rise when least expected. This ought to be darn soon from the negatives found on this site. Some posts make RJ sound positive. I'd hate to be short gold in the $280's.
Tom
- Date: Sun Jun 28 1998 12:01
The Hatt (Japanese Buying Gold Quietly!) ID#294232:
Copyright © 1998 The Hatt/Kitco Inc. All rights reserved - In order to understand the Japanese one must look behind the scenes and watch for their unexpected moves. I am of the opinion that they have been accumulating not only physical but also production. Their move into Teck tells me that their investment in gold will first involve taking advantage of CHEAP OPPORTUNITIES! They have also been active in a junior soon to be producer on the VSE. This to date has gone unnoticed, for whatever reason. Keep an eye on CLN and watch for further developments. You see the Japanese understand the future of gold as the rest of the world sleeps they harvest the opportunities available at rock bottom prices.i am of the opinion that this is just the start of a BULL GOLD MARKET LIKE WE HAVE NEVER SEEN BEFORE!
- Date: Sun Jun 28 1998 11:27
gagnrad (Grizz re 00:41, you are not alone!) ID#43460:
Copyright © 1998 gagnrad/Kitco Inc. All rights reserved - Many of the people you see here talking about buying gold, silver et cetera started in the service industry. I for one started bagging groceries, with more jobs to follow than I can count. But wealth depends upon several variables other than work, such as imagination, self discipline and education. So I invested in education first and other things later. Now I can buy gold stocks while some of the kids I grew up with who ran the fast cars and fast women are in prison or on welfare or worse. IMHO
I have a friend who teaches an associates degree course in jewelry repair at a technical collage. Which, BTW, can be paid for by government grants and other means. Over the last few years I've watched his graduates progress from jewelry cleaning booths at the flea market to owning their own jewelry stores. IMHO
If you hang around here long you'll meet some rich folks but not as many as you'd expect. The rest of us are just in the process of wealth building ( we hope ) . Remind me to tell you the parable of the two frogs in the basement one day. IMHO
I don't vouch for the veracity of these links but they may be a start, IMHO:
http://www.gse.ucla.edu/mm/cc/links/aid.html
http://www.jobweb.org/catapult/catapult.htm
http://emma.suffolk.lib.ny.us/college.htm
- Date: Sun Jun 28 1998 10:59
GoldnBoy (Gagnrad) ID#432112: - All this talk about global warming or cooling is entertaining, but the cyclical tilt of the poles towards and away from the Sun is the real harbinger of glaciers. Also, my understanding is that they normally start in the Northeast American continent. Not going to happen in my lifetime.
- Date: Sun Jun 28 1998 10:57
John Disney__A (Farfel is never right .. Disney's Law) ID#24135: - To all
In view of farfel's feeling that RYO
is a bad deal, I felt uneasy and took
another look. Their existing operation
broke square in the first quarter. The
Kemess piece is coming on now and it will
double their production. Since the bulk of
their fixed costs are already being
covered, a huge increment is coming
on at something around 200 - 220 $/oz .
I think they have to make money
unless Im missing something.
Im glad .. my brother owns some stock. - Date: Sun Jun 28 1998 10:51
gagnrad (wert re rainfall, snow, global warning) ID#43460:
Copyright © 1998 gagnrad/Kitco Inc. All rights reserved - Here is another fundamental global disaster which has a cumulative probability of happening approaching 100%, unlike the y2k problem which will primarily affect overpopulated overcomputerized urban centers ( if at all ) , leaving rural and less developed areas relatively untouched, IMHO of course.
Your June rainfall and snow is ominous to say the least because all that is needed to start a glacier is for a high pass to remain snowbound for a single summer. IMHO
Glaciers in the rockies could ultimately prove interesting for the POG. IMHO
http://dekalb.dc.peachnet.edu/~janderso/historic/pleisto.htm
http://www.hartwick.edu/geology/work/VFT-so-far/glaciers/glacier1.html
http://www.uvm.edu/whale/GlaciersGlacialAges.html
http://www.uvm.edu/whale/GlaciersHowFrequent.html - Date: Sun Jun 28 1998 10:24
Bingo (Dr. Ed Yardeni's upped the ante...) ID#263254:
Copyright © 1998 Bingo/Kitco Inc. All rights reserved - In my latest Y2K REPORTER #23, I raise the odds of a global Y2K
recession from 60% to 70%. I can no longer say with any confidence that
there is enough time to avoid a severe global recession. Progress is
occurring, but not as fast as January 1, 2000 is approaching. I intend
to stay open-minded: If I see that governments and businesses around the
world are making faster progress and preparing contingency plans for
inevitable computer problems, then I'll be happy to back off. For now, I
remain an alarmist ( though not a doomsayer ) on this important issue. In
my latest report, I also discuss the possible investment implications of
a Y2K scenario.
PRESS EMBARGO: The contents of this report are embargoed to the press
until Tuesday, June 30, at 10 am, at which time I will discuss my new
Y2K economic assessment at a press roundtable in Washington, DC hosted
by the National Association of Manufacturers.
Please forward this message as appropriate. Thanks to all the folks that
continue to help me stay as informed as possible on Y2K.
Ed Yardeni
- Date: Sun Jun 28 1998 10:24
gagnrad (ROR cheer up!) ID#43460: - Here are a couple of webpages of lawyer jokes. BTW I think your statement about lawyers and unions was an oversimplification. We wouldn't even HAVE big corporations if it were not for corporate lawyers. ( %-^ ) ) And, you've no idea what a big union looks like from the perspective of the rank and file...what they don't tell outsiders is pretty grim. ( 8-^ ( ) IMHO
http://www.wwlia.org/lawsuit.htm
http://www.wwlia.org/jokes.htm - Date: Sun Jun 28 1998 10:22
Pookie@Aussi (Aussi Politics - Pauline Hanson) ID#22157:
Copyright © 1998 Pookie@Aussi/Kitco Inc. All rights reserved - Whom the gods would destroy - they first make mad.
Here in Western Australia a tavern was found to be negligent by allowing a drunk person to drive away. That person had hired a chauffeur to drive him home but he snatched the key from the chauffeur to drive himself home, than crashed his car on a freeway. As you can see, these things do not happen only in the USA. What those madmen in effect are telling you is that noone has to bear the consequences for their own actions, there is always someone else to blame if you get yourself into a tight spot. Of course, only the government is exempt from this because they never make mistakes for they always know best. Maybe this is the reason Australians are burdened with the most ridiculous rules and regulations treating us in effect like children. Compulsion has become an artform here, such as compulsory voting, compulsory wearing of bicycle helmets even in areas where no cars are allowed ( you can see toddlers on their training bikes with helmets on, a joke to behold ) etc. Western Australia is probably the only state where one can loose the drivers licence for failing to vote.
The country is being divided by what I would call reversed Apartheit, culuminating in the so called Native Title Act. Now, every Aboriginal tribe can lodge a claim on any land which is not freehold, such as mines and farms. If your leasehold is subject to a Native Title claim, you have to defend yourself at your own cost, while the claiming Aboriginal tribes' costs are paid for by the government. Of course those leeches only claim good farm land or mines, they not interested in the desert, but all can be settled by cash. If this is not legalised extortion then I don't know. Just ask Haggies about the Kalgorlie area. Imagine you as a farmer having survived a draught and subsequent flood, just about to get back to your feet, than your farm, 3rd generation and so, is being globbered by several native title claims. Would you not take to the arms? The very idea of Native Title is a joke for the true Aboriginals never had any Title to any land at all. I believe and I agree with Pauline Hanson, that every Australian should be treated the same, the past cannot be undone. Furthermore it is not the common Aboriginal who gains from this but their leaders, lawyers and politicians at al. A lot of Australians are totally fed up with all this, they realise that common sense has left the country decades ago, that the government has gone overbord, grown beyond all proportion and finally has turned against its own citizens. They realise that we are becoming the laughing stock, always shooting ourselves into the foot. By the way, Bill Buckler ( The Privateer ) has written an excellent article about the reasons for One Nation's success, unfortunately he confirmed to me that this was for subscribers only, which prevents me from posting it here. Not that I believe that Pauline Hanson has the answers, however maybe she is able to wake some people up from their slumber. Australians already got the reputation to take things lying down but it seems the dog, being kicked once to often, is about to bite. It also was the utter frustration and humiliation the Germans had to endure after the First World War that helped Hitler go gain power. He came to power totally legal, he was effectively voted in, there was no coup d'etat.
On a positive note, there seem to be quite a few people who realise that Heavenly Kingdom is within you. Mike Sheller, I enjoyed your post earlier on, I too believe that to escape the wheel of reincarnation we have to become masters in our own rights, our own God so to speak, this means also accepting total responsibility for our own action. Real masters and saints even accept responsibility for what ever happens to them, even if by common judgement someone else were to blame. This is the fundamental teaching of all religions, the golden rule. Granted, this is not easy to achieve but it is good to meditate about this in our quieter moments, when we are praying in our closet or chamber. - Date: Sun Jun 28 1998 10:12
wert (Mtn Bear 8:13) ID#245136: - Thanks for the Forbes read...what part of the Mtn. you on ... here ( rockies ) weve had 2 inches of rain and snow above the timberline
- Date: Sun Jun 28 1998 10:12
OLD GOLD (Forbes) ID#242325:
Copyright © 1998 OLD GOLD/Kitco Inc. All rights reserved - Full text of the Forbes pro-gold commentary. Despite the arguments of many here, I do not think that most in the financial elite want gold below $300. $325-$350 is the preferred range.
Fact and Comment
By Steve Forbes
WE WILL FEEL THEIR PAIN
THE CLINTON/GORE
ADMINISTRATION'S wrongful handling
of the growing global economic crisis
will have palpably painful consequences
for the U.S.
Japan is now officially in recession for the first time in nearly
25 years; its economy hasn't performed so poorly since World
War II. Hong Kong and China are shaky. Indonesia continues
to implode economically and explode politically. South Korea
is sinking again. Latin American currencies are under assault.
Russia is floundering. Western Europe's recovery remains
anemic.
Treasury chief Robert Rubin and his know-it-all lieutenant,
Larry Summers, are still using the International Monetary
Fund to inflict bone-crushing austerity in Asia, via devaluation
and tax increases. They are still dispensing boneheaded advice
to Japan to stimulate demand by having Tokyo spend yet
more money on uneconomic infrastructure projects and
one-shot tax cuts. They and the IMF are still telling Russia to
improve its tax collections. Efficient enforcement would
bring in revenues exceeding the country's economy—so how
can such a convoluted, anti-incentive, byzantine and
contradictory tax code be enforced?
And here at home, the Federal Reserve continues to tighten at a
time when the increasingly parched world economy is
screaming for fresh liquidity. That's why the dollar gold price
has fallen, and most commodity indexes are undergoing
downward pressure. Our central bank still hasn't grasped that
the greenback is the unofficial transaction currency of
numerous nations.
The Fed's inadvertent deflation is letting the air out of
economies around the world.
No wonder stocks are wobbly. Most equities are down over
the last year—even without taking into account the recent
market turbulence.
ALAN TO THE RESCUE?
IN THE FACE OF A HOPELESS Administration, Federal Reserve
chairman Alan Greenspan must take the initiative. The Fed
must ease until the price of gold, the best real-time indicator of
monetary temperatures, reaches at least $325. This would not
be inflationary; rather, it would avoid deflation.
Greenspan should tell the IMF, Rubin and Summers to cease
plying their poisonous prescriptions. And he should urge
Japan to take a leaf from Ronald Reagan's book. Reagan's
program of growth-oriented tax cuts, deregulation and
( usually ) stable monetary policies made the U.S. economy the
envy of the world.
- Date: Sun Jun 28 1998 10:08
ALBERICH__A (@rhody: Globalization) ID#254112:
Copyright © 1998 ALBERICH__A/Kitco Inc. All rights reserved - Hello rhody:
I read with great interest your post and found your realistic approach very encouraging for all those who enjoy critical thinking.
Please allow me to suggest to you not to feel depressed about facts. Wouldn't it be much more depressing if people here at kitco would start to enter jubilation mode about the IMF, about fiat currencies, and about how wonderful it is to live in this extraordinay time where the Dow has reached record highs and the paradigma of financial markets has finally changed to ever growing profits and exuberant, unknown and unimaginable financial gains?
If kitcoites would talk that way, indeed this would be depressing. But as long as we face reality and struggle for facts and truth, this site is a great source for optimism.
Try to see things from this optimistic perspective and praise yourself lucky that you have this source of fact oriented encouragement.
The financial decisions based on a reality oriented view of things are the fun part. The minimum conclusion out of all of this: buy physical gold. You have all good reasons for optimism on your side if you act upon this simple conclusion.
Enjoy this wonderful Sunday morning!
And be reassured again: your post was great and made me feel more optimistic, even though I think the 1% - 40% relationship is truly worse than that I think it's more like 1% - 80% ) . That's good to know and its good to be reminded of it!!!
Alberich the Dwarf - Date: Sun Jun 28 1998 10:07
Selby (Bill's excellent China adventure) ID#286230: -
...Left-wing liberal Democrats, and their media allies, raised a great rumpus over Clinton's official reception at Tiananmen Square, where Chinese troops crushed a student uprising in 1989, killing some 200 demonstrators. Tiananmen outraged westerners because it happened on TV. The massacre has become a cause celebre among fashionable leftists who have never forgiven China's rulers for abandoning socialism. ...
- Date: Sun Jun 28 1998 09:41
ROR (There are) ID#412286: - only two groups that have interests inopposite to corporate greed and that is Lawyers and Labor Unions. Thus, by being a check on corporate overreaching these groups actually are pro people and pro freedom by default.
- Date: Sun Jun 28 1998 09:37
ROR (Corporate) ID#412286: - Greed and profit at any price. Solution: Outlaw Stock options.
- Date: Sun Jun 28 1998 09:34
ROR (ROYAL OAK) ID#412286: - I just saw a post over on the Yahoo board which indicates according to the CPA poster that RYO numbers look pretty good. I might consider buying more as according to this poster the company has turned the corner and can meet its obligations. The numbers the CPA uses jive with the financials and thus seem credible. It seems awful darn cheap under 1.
Has Ms Witte pulled of another miracle? - Date: Sun Jun 28 1998 09:29
robnoel__A (John C issue price and current retail on modern issue proof sets means a seller wil only get issue ) ID#411112: -
price....modern proofs save a few ie.US first issue proofs are a loser - Date: Sun Jun 28 1998 09:15
rhody (@ Farfel: you and I are on like minds re. globilization and) ID#411331:
Copyright © 1998 rhody/Kitco Inc. All rights reserved - corporate ethics. A corportation is an entity whose sole purpose is
to transfer wealth from one generation to the next. Its ethics are
reduced to increasing the bottom line ( greed ) and any entity ruled
purely by greed is evil by definition.
Globilization is all about deregulating corporate entities from all
restrictions on their ability to profit freely. The profits are
extracted from local communities and the environment and ever concentrated in the hands of the few. Eventually the over-concentration
of wealth will implode the world economy as ordinary consumers no
longer have the means to buy goods and services from any producers.
This overconcentration of wealth idea has been presented as the real
cause of the Great Depression in the 1930's. In 1929, the upper
1% of the ultra rich in the U.S. owned 36% of ALL the wealth. The
1% of the ultra rich in the U.S. now own 40% of ALL the wealth.
A selfish overconcentration of wealth leads to collapse, and we are
overdue. ( I hope I'm wrong )
I agree with your opinion of Royal Oak. They are a corporation under
unusual presseure, and are acting true to their nature, like cornered
rats. For the sake of their shareholders and employees, however, I
wish them well, even though it pains these fingers to type these words.
A general comment about this forum: I feel that reducing my time here
may be better for my pschological health. About 2 hours is about all
I can tolerate now before the negativism of goldbugs sends me into
such a fit of depression that the rest of the day is ruined. Maybe
it's not you guys, just the POG which is to blame. - Date: Sun Jun 28 1998 09:04
JohnC__A (Aurator Sat 01:15/Silver Kookaburras Set) ID#24864: - Am catching up on reading.
Aurator congrats on walloping the poms in the Rugby. Roll on July 11 in Melbourne.
Re: the 4 coin Kookaburra set, my coin guide says there were proof sets issued in 94, 95, 96, and 97 ( most recent entry ) . Each set limited to 1000. Estimates range from 1994 issued at A$935, current retail A$1250 to 1997 issued at A$895, current retail at A$1100.
Nick in Canberra is pretty up to date on these Perth Mint issues and he might stop by later. Cheers John_C - Date: Sun Jun 28 1998 08:42
JohnC__A (Normandy Mining article) ID#24864: - BRW is a weekly magazine downunder.
This weeks cover story is on Normandy Mining Limited.
http://www.brw.com.au/
will take you there. Nice weekend all
John_C@Sunny_Brisbane - Date: Sun Jun 28 1998 08:40
rhody (@ John Disney: Thank you for your post of Sat. Jun 27, 10:58) ID#411331:
Copyright © 1998 rhody/Kitco Inc. All rights reserved - I posted and then was called out of town and missed you reply until now.
Your analyis was impressive, and complete. I ( as a goldbug ) have
always thought that the decline of paper currencies could always be
measured relative to the ultimate baseline: gold. I realize that in
these days of CB leasing and forward sales, this may no longer be true
( fear ) .
Absolutely everything is relative, but using the US$ as the absolute
base against which to measure all other wealth strikes me as unwise.
The strength of the US$ is a function of high real interest rates.
Granted. The question is, is this purely a product of the strength of
the US economy, or is it the product of manipulation by Mr Rubin?
I think the latter, and so does the BIS. They say the US dollar is
overvalued. I believe them.
As expressed by many on this forum: It's the the strength of the US$ that is sucking the world down to a depression. Rubin is EX Wall St.
He has manipulated high relative interest rates to feed the stock and
bond markets, and to feed his friends at Goldman Sacks. This process
has now gone past the point where it was profitable, and now threatens to
destabilize the world economy. If Rubin maintains the status quo,
the US$ rises further, and the US economy is buried under a flood of
cheap Asiatic, South American, European, and Canadian imports. This
undermines US corporate profits and the equity bubble tanks. If he
lowers relative interest rates, he bursts the bubble, as foreign capital
flees the collapsing equity, and bond bubble.
This is the way it appears to me, admittedly a layman at economics, but
the opinion of the general investor has some importance, if only because
of shear mass of numbers.
So what do we ( meaning small investors ) do? As usual, it is a matter of
timing. We saw the American equity markets respond positively to
support of the yen and a decline of the US dollar last week. I wonder
if Rubin noticed? I think we are at a threshold. The US$ cannot
continue to rise, or the world risks economic disaster. If the rise
is artificial ( BIS opinion ) , then the decline can be equally artificial
via currency intervention. I think Rubin can do it now, or wait for
the world to do it for him via a flood of imports. I think he will
inflate, and soon and we should buy gold and gold shares. IMHO.
Thank you again for your illumination of the foreign exchange fundamentals. - Date: Sun Jun 28 1998 08:14
6pak () ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - ASIA FOCUS-Japan risks loom in 2nd Asia crisis
BANGKOK, June 28 ( Reuters ) - A year after Asia's economic crisis began, Japan is shaping up as the biggest potential source of further turbulence.
Risk analysts say Asia is in for at least another year of economic suffering and its troubles could last far longer. But it all depends on Japan.
The economic whirlwind that has swept Asia's former tiger economies into recession since the devaluation of the Thai baht on July 2, 1997, has helped tip the Japanese economy into a recession and has exposed serious flaws in its financial system.
Faced with a possible deflationary spiral as prices, incomes and output slide,
Japan is melting down, said Bob Broadfoot, analyst at Political and Economic Risk Consultancy in Hong Kong.
http://www.freecartoons.com/ReutersNews/ASIA-RISK.html - Date: Sun Jun 28 1998 08:13
Mtn Bear (SE) (Forbes url re previous post) ID#347267: - http://www.forbes.com/asp/redir.asp?/forbes/98/0706/6201027a.htm
Good morning to all and enjoy this beautiful ( but hot ) Sunday. Do not overdo in the sun; stay cool! Best Regards; Mtn Bear - Date: Sun Jun 28 1998 08:08
Goldbug23 (6pak-Energy) ID#432148: - This is a fascinating area and thank you for the web site. I have a niece who raises Arabian horses and she says she can communicate with them thru their energy fields. I believe it. ( Bart, intution does play a big part in gold investing, so lets say this is related? Thanks! )
- Date: Sun Jun 28 1998 08:08
Flash Gordon__A (Dow Jones) ID#327282:
Copyright © 1998 Flash Gordon__A/Kitco Inc. All rights reserved -
Nobody wants to see the 10% correction ( and as much as 20% correction ) from all time highs more than I do. The assumption, by a few bears, has been that the negative effects of Asia in conjunction with second quarter earnings warnings would depress the dow until sometime in mid-July, after which the summer rally could get underway on its way to 10,000.
The disruption of the downward trend, following US intervention to support the yen, was to have been a short term precursor to the correction. But the recent strength in stocks this last week suggests that the downward trend could well have been broken, satisfied with a measly 6% correction from all time highs.
Why?
-The decrease in June job growth is likely to see falling bond yields in coming days which can only help boost equities.
-There is a renewed optimism about earnings which is likely to boost stocks in the immediate future
-The recent weakness in tech stocks may have created a perception of value, and we can expect strength in the Nasdaq in coming days
-There is so much money which, until recently, has been sitting tentatively on the sidelines. This no longer being the case, the money could well start flowing in-a-plenty.
On the other hand, the bears would point to
-Asian impact on US company exports and American imports
-stockpiling and reduced industrial production
-GM strike disruption
-recent rally on low market breadth and that the current run up ( to be continued this week ) is a false break out.
( all of the above having negative knock on effects on unemployment, production and profitability )
I get the impression that the summer rally ( in which I strongly believe ) has begun early and the bears will have to make do with the past 6% correction. Those expecting more have been short changed this time round.
I would be delighted to hear some justified bearish views. Watching CNBC, cheesey smiles and all, makes me sick sometimes.
Many thanks.
- Date: Sun Jun 28 1998 08:07
6pak () ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - Rubin in Malaysia on whirlwind tour of ailing Asia
KUALA LUMPUR, June 28 ( Reuters ) - U.S. Treasury Secretary Robert Rubin arrived in Malaysia on Sunday, his second stop of a four-nation Asian tour designed to take the ailing region's economic pulse a year after a devastating financial crisis struck.
The Malaysian ringgit has lost more than 30 percent of its value while share prices have fallen by more than 50 percent since the Asian turmoil erupted last July.
The international community, led by the International Monetary Fund ( IMF ) , has put together bail-out deals worth some $120 billion for the three hardest-hit countries -- Thailand, Indonesia and South Korea.
http://www.freecartoons.com/ReutersNews/MALAYSIA-RUBIN.html - Date: Sun Jun 28 1998 08:06
Mtn Bear (SE) (S. Forbes : A.G. to the rescue!) ID#347267:
Copyright © 1998 Mtn Bear (SE)/Kitco Inc. All rights reserved - Follows an excerpt from Forbes July issue Fact and Comment. Will post url next, had to just say no umpteen times to avoid cookiecutter!!! Rest of article is also of interest. ---
ALAN TO THE RESCUE?
IN THE FACE OF A HOPELESS Administration, Federal Reserve chairman Alan Greenspan must take the initiative. The Fed must ease until the price of gold, the best real-time indicator of monetary temperatures, reaches at least $325. This would not be inflationary; rather, it would avoid deflation.
Greenspan should tell the IMF, Rubin and Summers to cease plying their poisonous prescriptions. And he should urge Japan to take a leaf from Ronald Reagan's book. Reagan's program of growth-oriented tax cuts, deregulation and ( usually ) stable monetary policies made the U.S. economy the envy of the world.
- Date: Sun Jun 28 1998 08:02
6pak (CB @ Putting the squeeze on the public ( what is good for the corporation is good for the people eh!) ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - Sweden must either join EMU or leave EU - Riksbank
STOCKHOLM, June 28 ( Reuters ) - The governor of Sweden's central bank, the Riksbank, said Sweden had limited time before it had to decide whether to join the European Monetary Union ( EMU ) or leave the European Union, a Swedish daily reported on Sunday.
A survey published earlier this month showed opposition to Sweden joining EMU had increased, with 51 percent of Swedes against membership, while some 32 percent were in favour of joining and the rest uncertain.
Britain and Denmark have opted to stay out of EMU for now, and Greece failed to meet the criteria necessary to take part in next year's planned launch.
http://www.freecartoons.com/ReutersNews/SWEDEN-EMU.html - Date: Sun Jun 28 1998 07:56
Mole (Excellent book catalogue) ID#34883: - http://www.fee.org/98catalog.html There's gold and silver in there somewhere.
- Date: Sun Jun 28 1998 07:48
6pak (Intuition @ go for it Intuition is a spontaneous knowing that tells us to trust or distrust.) ID#335190:
Copyright © 1998 6pak/Kitco Inc. All rights reserved - Nourishing the Energy Body
by Jule Klotter
At the core of all matter lies energy, and the human body is no different. The energy body is a template for the physical body. Emotional energy resonates with life experiences, personal and professional relationships, and belief systems and becomes literally encoded in cell tissue
Intuition
Everyone has gut-level, third chakra intuition,
Accepting intuitive information and acting on it requires self-esteem and courage.
Intuition often urges us to take a frightening leap of faith into the unknown. Fear and a desire for safe, non-threatening information keep many people from paying attention to valuable hunches.
Intuitive advice does not guarantee a mistake-free, prosperous, love-filled, happily-ever-after life. It does, however, offer a means of learning what is true for you as an individual.
Energy does not lie, but interpreting it accurately requires detachment from fear.
Myss says: Most people who come to me for an evaluation have already intuited themselves that something is wrong.... Their abilities are as accurate as mine; these people know they are ill. But since I do not share their fear, my intuitions can interpret their data better than they themselves can. Myss credits this quality of objectivity as being a primary reason behind Shealy's finding that her diagnoses were correct 93% of the time.
http://www.tldp.com/issue/175-6/Nourishing%20the%20Energy%20Body.html - Date: Sun Jun 28 1998 07:38
Mole (K2site) ID#34883: - Formerly: Discussion About Gold & Silver Bars, Coins, and Stocks. Now: Gold Discussion Group for Investors. http://www.kitcomm.com/cgi-bin/comments/goldch2/display_shortch2.cgi CharleS_A your password for 'Gold Discussion for Investors and Market Analysts' should work for K2 also.
- Date: Sun Jun 28 1998 07:22
CharlieS__A (K2 site) ID#342416: - Someone please tell me what is the K2 site and how do I
log on to it. I am new and this is my first post.
Thanks. - Date: Sun Jun 28 1998 06:04
John Disney__A (Revenge for the Rand) ID#24135:
Copyright © 1998 John Disney__A/Kitco Inc. All rights reserved - To all
If you look at a chart of the Rand, You will
conclude that only a supreme idiot would sell the
Rand NOW at 5.6. Selling at 5.0 was obvious to the
point that even I did it. I cannot believe that the
hedge funds did not sell it there too .. I suspect they
now want to buy it back and take profits .. They
need some hysterical idiots to buy it from .. so they
leak the hedge fund story and all the rest .. and will
quietly buy it at 5.7.
Could I be right
To salty ..
RSA beat wales 96 - 13 with 15 tries .. Biggest ever
test victory ...
Next they are sceduled to play a make up team
fielded by Bloomer ..
- Date: Sun Jun 28 1998 05:23
blooper (20% position, ERLE,) ID#207145: - Should tell you I am cautious. I get bored on the sidelines. Heck, you gotta live a little.... Erle you told me you bought 1000HM. Id say you're the raving maniac.
- Date: Sun Jun 28 1998 05:19
blooper (Erle,) ID#207145: - I don't trust your market timing either. Could go either way. If it goes down, I sell. No big deal.
- Date: Sun Jun 28 1998 04:55
Auric (Earl @ 04:29) ID#255151: -
Excellent! Says what I've been thinking, but couldn't articulate. Maybe the world will one day rediscover this lost wisdom, eh! - Date: Sun Jun 28 1998 04:41
SlingShot (Earl) ID#105111: - I really gotta go to bed, but I had to respond to your last...
You expressed it all very well. If the dollar is corrupt, then gold is pure. That's where the yearning comes from. If government and industry slimeballs had found a way to corrupt gold, then this would be a silverbug ( platinumbug, ... ) sight.
That is the common thread that keeps bringing me back here to join in the fray ( the desire to share strong convictions about freedom, integrity, honest work, justice, etc. )
Thanks. -- SlingShot
- Date: Sun Jun 28 1998 04:37
Earl () ID#227238: - Blooper: Your reasons for hope in the gold chart sparked a song. Or at least a parody of one:
Catch a falling knife and put it in your pocket,
never let it fade away. - Date: Sun Jun 28 1998 04:32
Earl () ID#227238: - Farfel: Thanks ..... and I'm sorry I took the time. Some mistakes should not be repeated.
- Date: Sun Jun 28 1998 04:31
James (Farfel@Do you perchance work in the film industry?) ID#252150: - If so, you may not like this script. The parasitic, bloated vermin have feasted on the sweat & hard work of the hapless masses & will leave them to starve while they live long & full lives, ensconced in their walled & gated enclaves, safe & sound.
- Date: Sun Jun 28 1998 04:29
Earl () ID#227238:
Copyright © 1998 Earl/Kitco Inc. All rights reserved - Slingshot: You do a fine job of reducing an idea to bare essentials. I will try to do likewise. .... With a minimum of psychobabble.
Gold seems to stand as a surrogate for that which is immutable, pure and never failing. A sense of honesty and trust that has stood the test of time. All of the things that we would like to find in the world around us. It really isn't ( in my mind at least ) simply a matter of money.
It is simply uncorruptable. A virtue we seek in others .... but seldom find.
I suppose if platinum had been found in good supply, it might have served as well. Though the color of gold and that connection to the lifegiving sun would have carried the day.
I do believe that being a goldbug is a severe form of congenital defect. Manifested by being hopelessly romantic.
Goldbugs are, and probably should be, totally separated from the remainder of dispassionate investors. For they cannot help themselves; it seems their destiny to co-mingle personal philosophy with gold. In the process they are eternally handicapped in the business of recognizing that the world will always remain less than perfect and will always fall far short of their romantic illusion.
Gold is part of the unyielding search for perfection ...... in an imperfect world. A religion based on the tangible. A hard copy of God that requires no temporal interpretation. Amen. ......... Just one fella's opinion.
- Date: Sun Jun 28 1998 04:28
SlingShot (tolerant) ID#105111: - Thank you for the gracious invitation. Have no idea when I'll be out your way, but if I am, I'll try to find time to look you up. .... and now I must post some Z's. It's been a fun evening, gentlemen.
- Date: Sun Jun 28 1998 04:27
blooper (Haggis@ 3:43 For those who can see only,) ID#207145: - Haggis said look at dollar gold 1996- 1998. Chart is an eye opener. Might
consider a purchase. Ha, Ha. - Date: Sun Jun 28 1998 04:21
tolerant1 (Haggis_A, Namaste') ID#373284: - A GIANT gulp of Grand Reserva to YA!!! Glad to see ya back!!!
- Date: Sun Jun 28 1998 04:17
tolerant1 (SlingShot, Namaste' you are welcome ANYTIME...291 West Shore Road...) ID#373284: - Huntington,NY ask anybody...the planet knows me and where I live...if you have the chance give me brief notice so that I might prepare some things for your arrival...
Outstretched arms, palms up...wonderful to greet you... - Date: Sun Jun 28 1998 04:11
farfel (@EARL...you're boring me so I'm outta here....) ID#340302: - ...those who have upheld this corrupt status quo will have hell to pay.
This world is a small little oyster and the bloated turkeys will find no refuge. All vile actions and words...on record. No farm or ranch or island...unknown or unavailable to the once-oppressed.
Titanic...Armageddon...all the major movies of this year are pointing to the ultimate direction of our global status quo.
Upheaval and downfall.
It's in the air...and coming to a neighborhood near you. Soon.
Thanks.
F* - Date: Sun Jun 28 1998 04:07
sharefin (Weekend reading and listening.) ID#284255:
- - http://www.audiocentral.com/rshows/missler/archives.html
Many will find much of interest here.
http://y2k.entrewave.com/forums/index.cfm?CFID=42027&CFTOKEN=30136&CFApp=20&
Also
http://www.u36.com/~fredw/
http://www.geocities.com/PicketFence/3949/y2kinfo.html
http://ourworld.compuserve.com/homepages/rsandler/Y2KFAQ.htm
http://ourworld.compuserve.com/homepages/roleigh_martin/cover.htm - Date: Sun Jun 28 1998 04:03
farfel (@EARL...re: they can fly far and fast...) ID#340302: - ...not this time, Earl, not this time.
Thanks.
F* - Date: Sun Jun 28 1998 04:03
blooper (Erle,) ID#207145: - Dollar down = gold up. No weak dollar, Ya got real problems. Right now the strong dollar is THE problem. How to back it off without Market calamity.
- Date: Sun Jun 28 1998 04:02
Earl () ID#227238:
Copyright © 1998 Earl/Kitco Inc. All rights reserved - Farfel: With some trepidation, I agree with what your are saying. All of those things are essentially true. ....... And yet, what's to be done about it? So far as I know, nothing.
Likely, it will conclude with blood in the streets but that's hardly something to cheer for. We should bear in mind that the fat asses on wall street have already secured their resources and a fine location to enjoy them, that is far away from the clamor and din of the unwashed. So in essence we are discussing our blood. Not theirs. This is not the turn of the 18th century. These bloated turkeys can fly far and fast. Poor Marie could'nt. - Date: Sun Jun 28 1998 04:01
Haggis__A (final..........) ID#39862: -
SlingShot ( tolerant ) ID#105111
I actually know an Old Prospector who pays for a root in Hay Street in kalgoorlie with gold bars............ the Girls were happy, and he was VERY happy......
gone.... - Date: Sun Jun 28 1998 04:00
Haggis__A (final..........) ID#39862: -
SlingShot ( tolerant ) ID#105111
I actually know anOld Prospector who pays for a root in Hay Street in kalgoorlie with gold bars............
gone.... - Date: Sun Jun 28 1998 03:59
blooper (Haggis,) ID#207145: - Rate AU right now in your mind. a 5.5 ?
- Date: Sun Jun 28 1998 03:57
Haggis__A (ps...........) ID#39862: -
Anyone want to buy a gold mine - seriously
haggis@ludin.com.au - Date: Sun Jun 28 1998 03:57
blooper (Erle,) ID#207145: - I didn't juxtapose anything. Yen up = gold up. Du
- Date: Sun Jun 28 1998 03:55
Haggis__A (Indeed.........) ID#39862: -
ALL debts are, ultimately, settled in GOLD - AND all Central Banks have to meet criteria set by .....
Gone for a while
Och aye the noooooooooooooooo.................
- Date: Sun Jun 28 1998 03:54
SlingShot (tolerant) ID#105111: - gold WAS money. May someday again BE money. But is now a commodity ( i.e. something you invest in ) . Or so it seems to me. Try to buy something with gold.
BTW, I really dig the island that is long. Last time I was there I was enchanted. Didn't expect to see such bucolic beauty so close to Manhattan. Squirrels are kinda noisy, though. - Date: Sun Jun 28 1998 03:53
Earl () ID#227238: - blooper ( Erle, Gold looks good ) : It's only an opinion, mind you but I believe you to have juxtaposed cart and mule. That is, that gold will necessarily weaken the dollar.
Slingshot, some moments ago, posed the equation very well. A mindless faith in the dollar is at root cause of our collective misery. A few bucks more in POG will not materially disturb the faithful. - Date: Sun Jun 28 1998 03:53
John Disney__A (Bloomer ..) ID#24135: - you got it all figured out ..
Long yen 142 .. long gold 293.6 spot.
Lots of luck ..
I'll see how you go .. - Date: Sun Jun 28 1998 03:53
farfel (@EARL...in a nutshell and as I have said before...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved - ...the country has become fascist in its strictest definition....that is, control of the country by big corporations under the central control of a corrupted government.
This government cannot continue to benefit certain key industries ( e.g., hi-tech and Wall Street ) and exclude many others from the great wealth pot ( the gold industry, as a paramount example ) . Moreover, this government cannot continue to allow a status quo in which ALL worker rights are dissipating to nothingness on behalf of the continuing engorgement of Wall Street's Fat Asses.
You may not wish major civil disorder...but we are witnessing the first beginnings of the domestic war.
And there ain't nothing you can do to stop it because...
The current status quo stinks.
Thanks.
F*
. - Date: Sun Jun 28 1998 03:52
blooper (Haggis,) ID#207145: - Glad I got to meet you.
- Date: Sun Jun 28 1998 03:52
Haggis__A (For our North American cousins.......) ID#39862: -
Scotland the Brave. - Date: Sun Jun 28 1998 03:52
tolerant1 (SlingShot, Namaste' the FBI, CIA, MAFIA, etc. all come to me with their problems,) ID#373284: - when all is said and done all debts are settled in gold...nuff said...did not mean to be terse, was not my intention...GOLD is MONEY...the rest is garbage...
- Date: Sun Jun 28 1998 03:50
Haggis__A (Got to go and find a GOLD MINE.........) ID#39862: -
So, I will, yet again, leave you with a catchy little number....
http://www.nwlink.com/~jimmyjr/scots.htm
Och aye the nooooooooooooooooooooo............. - Date: Sun Jun 28 1998 03:47
John Disney__A (Hey Bloomer ..) ID#24135: - You said you made a bundle ...
a bundle of WHAT - Date: Sun Jun 28 1998 03:47
blooper (John Dissey,) ID#207145: - I have a 20% position in gold. Nothing is for sure. I believe Rubin wants to improve Yen incrementally. The chart says Yen is bottoming, Dollar topping. Lets see what happens Mon., Tues as Rubin supported Yen at these levels before. You can make yourself look like a fool, butt out , I do just fine at it myself.
- Date: Sun Jun 28 1998 03:45
SlingShot (Earl) ID#105111: - so ... why should we care? I've got a little invested in gold, but not enough for gold's rise or demise to have any compelling significance to my life. But I'm not logging onto a sight about cattle futures or investing in technology stocks. I'm looking at what people have to say, here.
Presumably while gold is not doing anything for anybody, you'd go put your money somewhere else and your interest would wane. But here we are. What is there about gold, for us, that makes us yearn for its resurgence? - Date: Sun Jun 28 1998 03:45
Earl () ID#227238:
Copyright © 1998 Earl/Kitco Inc. All rights reserved - Farfel: Sssssh. The kid's are sleeping. .... Like maybe - certainly - mobs in the streets brandishing their pikes. Not unlike the period following Marie losing her head.
Describing our government in elaborately disgusting terms is right and proper but it belabors the obvious. For the moment at least, order is preserved. I like being able to move about in my world with relative abandon. I really don't like the idea of having to resort to physical defense of person and property. ......
Even though I could easily oneup you in a contest of lurid descriptions of our govt. and those who would be our masters. I am personally convinced that the corruption we all rail about is in the population at large. The govt is nothing but a mere reflection of that fact. ...... Reasons? They matter little. We are far beyond an ability to correct such things. - Date: Sun Jun 28 1998 03:44
tolerant1 (SlingShot, Namaste' Hmmmmmmmmmm) ID#373284: - ...no zest for truncate postulations, very well then…Hmmmmmm…I say GOLD is money…in-vest and be in a bankers pocket...GOLD is the REAL MONEY…it is yours...no more no less..........
- Date: Sun Jun 28 1998 03:43
Haggis__A (blooper............ the charts) ID#39862: -
http://pacific.commerce.ubc.ca/xr/plot.html - Date: Sun Jun 28 1998 03:41
John Disney__A (There you go ..) ID#24135: - Bloomer ..
You are LONG yen at 142. and LONG
gold at 293.6 spot.
Let's see how good you are .. - Date: Sun Jun 28 1998 03:41
Haggis__A (Mirror, mirror on the wall.............) ID#39862: -
....who has the LARGEST HEDGE FUND of them all........
http://biz.yahoo.com/finance/980627/safrica_st_1.html
I wonder who, name spelt forwards and backwards the same, beginning and ending with S.......... first name beginning with G - Date: Sun Jun 28 1998 03:41
blooper (Haggis) ID#207145: - I don't know where the charts are.
- Date: Sun Jun 28 1998 03:38
blooper (HAGGIS,) ID#207145: - I know that period. I made a bundle.
- Date: Sun Jun 28 1998 03:38
blooper (HAGGIS,) ID#207145: - I know that period. I made a bundle.
- Date: Sun Jun 28 1998 03:36
SlingShot (haggis) ID#105111: - my 3:03 was in response your 2:57 re IMF.
Summary: IMF, oil companies, et al are not run for the benefit of developing countries. Purpase of IMF is not to bail out third world countries in debt. Its purpose is to bail out idiot Western banks that made high-risk loans to those same third world countries.
Idea is that taxpayers of all countries take risk, not bankers. Game is rigged. - Date: Sun Jun 28 1998 03:36
blooper (Erle,) ID#207145: - If I'm wrong, You can't lose much. Oil, Gold are sold out, for the most part. I am investing in European mutual fund.
- Date: Sun Jun 28 1998 03:35
Haggis__A (Blooper..........) ID#39862: -
Man, I cannie pernounce Heggis........
Work thru the charts, a country at a time. First series US$ vs **, second series Gold Vs ***. Pull the chart up for the period 1/01/96 until present.
Absorb............ - Date: Sun Jun 28 1998 03:33
blooper (Erle, Gold looks good) ID#207145: - If we have a summer rally--like the January rally we had. The dollar will,I think, weaken against the Yen allowing the rally. Japan is so bad, good news next week, week after will help oversold Yen, overbought dollar. I have invested in Oil, drillers just last week. Oversold will rally like semiconductors have.
- Date: Sun Jun 28 1998 03:31
Earl () ID#227238: - Slingshot: Reduced to its bare essentials, that is the problem well stated.
- Date: Sun Jun 28 1998 03:31
farfel (@EARL...a less savory form of governance) ID#340302: - What? Less savory than a collective of fat f*ing pigs? Less savory than a rigged game in which the average American sinks further every day while the Wall Street/Washington Gang steals more and more loot?
Are you F***ing kidding me?
Thanks.
F* - Date: Sun Jun 28 1998 03:30
Haggis__A (Slingshot.........) ID#39862:
Copyright © 1998 Haggis__A/Kitco Inc. All rights reserved -
Date: Sun Jun 28 1998 03:03
SlingShot ( haggis ) ID#105111:
Intersting point that you raise.
One might suggest that the US & Brits Governments have a policy of re-colonisation via the financial markets. More or less what happened at the turn of the Centuary, with the Brits around the globe.
John Pilger in his recent book Hidden Agendas ( Vintage Publication, ISBN 0099741512 ) addresses this and other points.
The success of the new Western mission is, however, far from certain. The present order, built on money, electronic technology and illusions, is chronically insecure. People feel this every where. The globalisation of the stock market is threatening to follow the disintegration of the tiger economics. More tham 700 million are unemployed ( worldwide ) , thirty five million in the wealthy countries. Most are young people....
page 13.
So, what has this got to do with the price of eggs & GOLD ?
- Date: Sun Jun 28 1998 03:27
blooper (Erle,) ID#207145: - Thanks, I think.
- Date: Sun Jun 28 1998 03:27
SlingShot (tolerant) ID#105111:
Copyright © 1998 SlingShot/Kitco Inc. All rights reserved - your reply, though poetic, was uninformative. I was hoping for help in completing the structure of a sleepy thought ....
The other day I posted an obvious idea: gold is in the tank because people don't want to buy it. That's all there is to it.
I think I just figured out that the reason gold has been orphaned is because the common folk have been duped into thinking dollars are safer ( for the last few years, they have been ) . Sooooo .... the theory then must be that gold will do the wild thing, the really wild thing, when confidence in the US$ is shaken.
Any number of events could cause that. Thoughts? - Date: Sun Jun 28 1998 03:27
Earl () ID#227238: - Blooper: Perhaps you could spare a moment and expand on your comment that gold looks good here. Yes?........ Compared to what? and maybe, why?
- Date: Sun Jun 28 1998 03:25
blooper (Haggis, ) ID#207145: - The charts look good. Rubin wants the Yen up a little. So we're not there yet, but soon.
- Date: Sun Jun 28 1998 03:25
blooper (Haggis, ) ID#207145: - The charts look good. Rubin wants the Yen up a little. So we're not there yet, but soon.
- Date: Sun Jun 28 1998 03:25
Earl () ID#227238: - farfel ( @SQUIRREL: Until the undiscerning in our midst, come to their senses; any upheaval is likely to result in less savory form of governance than we have right now. I think history speaks well to the point.
- Date: Sun Jun 28 1998 03:21
blooper (Heggis) ID#207145: - Dollar being set up for fall next week vs Yen. China going to devalue anyway later. Dollar on last Legs. I bought gold for 1st time since Jann rally, Gold looks better.
- Date: Sun Jun 28 1998 03:20
tolerant1 (slingshot, Namaste') ID#373284: - Nothing happened to gold...it is literally dripping out of childrens ears on the Island that is Long............
- Date: Sun Jun 28 1998 03:20
Earl () ID#227238: - Blooper: Have to say; ...... you're mostly wrong ........ but always certain.
- Date: Sun Jun 28 1998 03:19
SlingShot (all re other weird things) ID#105111: - In the past when a country's currency went into the tank, the usual response of the populace was a flight to gold.
Now it seems to be a flight to dollars. What happened to gold? - Date: Sun Jun 28 1998 03:18
farfel (@SQUIRREL...addendum...you know, I admire your passion...) ID#340302: - ...I admire the passion of all those GM workers on strike.
I hope they ( and millions more like them ) shut down this miserable, corrupt government.
It's time for a revolution...it's time to end Wall Street's rape of the American worker under the BullSh__T guise of low inflation and low unemployment.
I'd join them in an instant.
And millions more too.
Thanks.
F* - Date: Sun Jun 28 1998 03:18
Haggis__A (blooper.........) ID#39862: -
What came first
- the chicken or the egg,
or
- the Scots, Irish or the North American.
Sleep well ! - Date: Sun Jun 28 1998 03:15
Haggis__A (blooper, blooper, blooper...............) ID#39862: -
You are dropping bloopers........
Date: Sun Jun 28 1998 03:07
blooper ( Haggis, ) ID#207145:
Good, then maybe you guys won't need any foreign aid any more.
Pray, what the f..k has this got to do with the price of eggs
Don't tell me that you are a Noble Prize Winner ?! - Date: Sun Jun 28 1998 03:14
John Disney__A (Jeez ..) ID#24135: - Bloomer ..
Australia doesnt get foreign aid ..
Georgia seems slow to get information..
.. Go to sleeeep .... - Date: Sun Jun 28 1998 03:14
blooper (Haggis, you're a good guy,) ID#207145: - I have had more fun than a barrel of monkeys. I definately have nothing against you. I am Scotch-Irish-Native American. I learned to be frugal.
I really can't get mad and stay mad for long. I think, what the hell am I doing this for. Have a great one, and good luck. - Date: Sun Jun 28 1998 03:14
Earl () ID#227238: - Salty: Don't know if you've seen a photo of Dame Witte. The word svelte would not come immediately to mind. Several years ago, I attended annual meetings when they were still in Vancouver. The meetings were less than worthless but it is always nice to visit Vancouver in late spring or early summer. ........ I think it's the fragrance of Democratic Socialism in the verdant air. Maybe not.
- Date: Sun Jun 28 1998 03:12
Haggis__A (blooper, blooper........) ID#39862: -
May I suggest that the Next key currency for GOLD to rise against may be the Chinese Renmimbi.......
Gold, it's like a virus - infects one at a time.........
It's already doing a roller coaster with the US$ - check the trends since January 1998, and compare this with the previous two years.
Open your eyes, what do you see ? - Date: Sun Jun 28 1998 03:11
John Disney__A (Cmon Bloomer) ID#24135: - .. go to bed .. you dont make sense ..
try again tomorrow.
for Salty ..
Please Ignore Farfel .. he doesn't
get the POINT .. - Date: Sun Jun 28 1998 03:07
blooper (Haggis,) ID#207145: - Good, then maybe you guys won't need any foreign aid any more.
- Date: Sun Jun 28 1998 03:05
Haggis__A (blooper, blooper.....................) ID#39862: -
don't drop any more bloopers.................. - Date: Sun Jun 28 1998 03:03
Haggis__A (blooper, blooper...............) ID#39862: -
As I gaze into my crystal ball - when is gold going up ?
http://pacific.commerce.ubc.ca/xr/plot.html
As the dominoes fall, one by one, one would realize that gold is ALREADY GOING UP against a number of currencies - it's only a question of time until it rises against the US$, which by that will be the USless$.
Och aye the nooooooooooo.......
Now, back to that crystal ball............ - Date: Sun Jun 28 1998 03:03
blooper (John Dissey,) ID#207145: - Or maybe you think they are just fine, and Migs are fast. Too much salad will make one delusionary.
- Date: Sun Jun 28 1998 03:03
SlingShot (haggis) ID#105111: - An interesting statistic about oil companies going into third world countries ... instead of the exploitation of a developing country's natural resources resulting in, well, development, the result seems to be .... debt. An exemplary statistic is U.S. oil companies pulling 12 billion $US worth of oil out of Ecuador .... and Ecuador ends up $12 billion in debt. This is downright weird. We know that part of the problem is all the local profits ending up in the numbered accounts of the local thugs, but still, it's weird. The little people don't count for anything, anywhere.
- Date: Sun Jun 28 1998 03:01
John Disney__A (In all fairness ..) ID#24135: - Bloomer ..
I think you really have something
to say .. I wish I could understand
what it was..
Salty ..
The RYO options scam is unbelievable.
It must be a first .. The shareholders
should hang her. PLUS she was overpaid
to begin with .. Im at a loss for words..
Haggis ..
Aussie politicians are among the worst
in the world .. I still prefer the
ANC .. they are THAT bad .. Oh and a
prediction just for you .. the ANC will
have trouble getting 50 % of the vote
next year .. - Date: Sun Jun 28 1998 03:00
farfel (@EARL...nice post, Earl...) ID#340302: - ...but I was responding to the other ERLE.
Thanks.
F* - Date: Sun Jun 28 1998 02:59
blooper (John Dissey,) ID#207145: - I wouldn't claim either one of those currencies.
- Date: Sun Jun 28 1998 02:59
Earl () ID#227238:
Copyright © 1998 Earl/Kitco Inc. All rights reserved - Farfel: I'm not sure if you were addressing me or not but I'll respond anyway.
1. You're taking the many responses to your posts personally. Probably because they fail the first test of disputation. That is detachment. This is one helluva fine venue to practice the dispassionate presentation of views and to argue passionately, without letting the ego get in the way. When personality becomes involved, all civilized stops are lifted and the scene is indistinguishable from brutes wrestling in the mud.
2. It's unrealistic to expect goldbugs to join some movement or other. Maybe a ladies church social and those interested in the moral uplift but not goldbugs. The most common theme here is the pursuit of individual aims. At least until some clear path is seen to provide a reasonable return on one's efforts.
3. The path of PM's has been down and all the chin music in the world will not change that. Communicating with mining co. CEO's is a less than useful endeavor. They know in advance that shareholders, by and large, are not great fans of hedging efforts. They do it anyway.
4. Presently, the best that can be said for gold is that it is resting. It needs a rest because it has worked very hard and it has made a lot of money for the short sellers. Is it destined to go lower? What is the long term trend? ASB. Down. Nothing in the recent action comes close to changing that. Not even the most ardent of cheerleading.
5. Speaking personally, I too have been a goldbug for a very long time. I too have been a cheerleader for the damned stuff ...... for a very long time. I have not been rewarded for the anguish. Like many others. In the meantime, I have a stash of physical that remains untouched. Everything else is tradebait.
6. To cheer the demise of the bloated and loathed general equities market is understandable ...... when kept within the limits imposed by simple reason.
That a very large number of simple dunderheads have made a lot money while we of prescient elite have been handed our heads is also understandable. But it should never be a focus that inevitably leads to our own detriment. That's borderline nutty.
In the end; you may love gold ....... but gold will never love you. Count on it.
- Date: Sun Jun 28 1998 02:57
SlingShot (squirrel) ID#105111: - Comment I keep hearing from people about the economy is how it sure has created jobs, and I've got three of them. The jobs created don't pay much.
I think one of the reasons so many people here are yearning for gold price to go up is that it is a counter to the government's fiat money policy, which freedom loving people detest. - Date: Sun Jun 28 1998 02:57
Haggis__A (Squirrel & Erle.............Mirror, mirror on the wall.............) ID#39862:
Copyright © 1998 Haggis__A/Kitco Inc. All rights reserved -
Kill the IMF............
Extract from the Dines Newsletter......
The IMF has long impeded economic growth in poorer countries, and its new penchant for bailouts is likely to further slow reform while putting US taxpayers at risk. The real test of any aid agency is whether its clients move from dependency to self-sufficiency. 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.
FORTUNE, 25 May 98
I would suggest that the IMF rescues are not that. They may represent and absurd attempt to perpetuate the US$ as a world currency - it magnifies the problem, does not solve it ( Countries woes/debt ) .
The IMF bailouts create more debt, and more debt, and more debt...... - Date: Sun Jun 28 1998 02:56
blooper (Haggis, When gold going up?) ID#207145: - You tell me that, and i'll look up a bull's as* and tell you the price of butter.
- Date: Sun Jun 28 1998 02:55
farfel (@SQUIRREL...don't apologize for your feelings...) ID#340302: - ...you have every reason to be pissed off with the stinking status quo in this abominably corrupt nation.
Tell it like it, baby!
Thanks.
F* - Date: Sun Jun 28 1998 02:52
farfel (@AURATOR...if you admire anything about the Witte woman...) ID#340302: - ...then you are probably as much of a scumbag as she is!
Thanks.
F* - Date: Sun Jun 28 1998 02:52
Squirrel (Guess my post last night about reasoned dialogue was premature) ID#287186: - Sorry that I joined in the fray.
Sampling my homemade wine didn't help much.
Try to read between my invective and discern what I feel.
Wine often brings out what people really feel and mean - but it may do so in ways that are not pretty.
I'd add something about higher Gold prices but I have to rethink that idea given the position some other folks are in
Catch you all later. - Date: Sun Jun 28 1998 02:51
John Disney__A ( You dont get the POINT ..) ID#24135: -
Bloomer ..
1.. This is NOT my country .. Im
a Virginia born Australian who
happens to live in Capetown.
2.. I like my attitude ..
3.. I love SALADS.
- Date: Sun Jun 28 1998 02:49
blooper (John,) ID#207145: - My guys were on a reservation. Concentration might be more descriptive. A few relatives were Union, Most fought for the Confederacy. I always thought fighting for peace was like scre*in for chastity.
- Date: Sun Jun 28 1998 02:49
SlingShot (aurator, haggis) ID#105111: - aurator: I confess that the all of you was an intentional exaggeration.
haggis: looked at the link you indicated at 00:39 or abouts, re assets of US government. One thing not on the balance sheet that perhaps should be there is the open-ended claim US government asserted back in 1913 on the earnings of her citizens. I think perhaps that is the most lucrative asset of every so-called democratic government on planet.
- Date: Sun Jun 28 1998 02:48
Haggis__A (John Disney.........) ID#39862: -
It's not he native fauna that you have to worry about - it's the politicians in Canberra, just in case they decide to sell off the rest of the gold.
- Date: Sun Jun 28 1998 02:48
aurator (Bet with the banker) ID#257148: - Crusty
ya gotta admire the balls on that de Witt woman, drop the exercise price of the staff options when the head share price goes against you.
Kinda like COMEX changing the rules in a crisis like they did to the Hunts. It could happen again.
- Date: Sun Jun 28 1998 02:47
tolerant1 (aurator, Namaste') ID#373284: - There are one hundred and ninety-three living species of monkeys and apes. One hundred and ninety-two of them are covered with hair. The exception is a naked ape self-named Homo sapiens.
Desmond Morris...
Ninety sixty seven, 1900 and then sum........ - Date: Sun Jun 28 1998 02:47
Squirrel (ERLE - I agree with you) ID#287186:
Copyright © 1998 Squirrel/Kitco Inc. All rights reserved - Average Americans are sick and ef'n tired of pulling other nation's bacon out of the fire. We don't like Washington playing power politics with our money and military to screw other nations. And we DON'T have a choice about the politicans we elect because they are ALL a bunch of self-serving millionaires who play international games for fun. They are ALL a bunch of ignoramouses who don't know any more about other nations than kids in elementary school. When these meddling pompous fools screw up they yank people like Grizz out of their survival jobs and send them into WAR. Leaders of other nations are not much better - they are ALL in league to play games with our money and lives.
Speaking for the average lower class American who just wants to get by - the rest of the ef'n world can burn in their own hot grease! We provide a nuclear umbrella over them. We send in troops to save their butts. Then we get slapped in the face in gratitude. Enough already! I am well ready to slam the doors, close the borders, and leave the rest of the world to stew in its own juices!
So what if our oil imports go away as a result. I have driven maybe 100 miles in 6 months! I can't afford insurance. Walking is safer anyway.
Everyone making over 3K a month is living pretty high on the hog and needs to be taken down a notch or two. Grizz likely figures I should be taken down a notch too! To people like Grizz I am the well-healed owner/employer. I am not! I too am barely making it. I would like a 40-hour a week minimum wage job. I would get a raise and have less hassles!
I look forward to Y2K. It will hopefully bring the high-falutin', high-flying folks with the stocks, 401-Ks, and money in the bank down to where the rest of us have been all our lives.
The major reason we average Americans have been economically challenged is we are footing the bill to defend Japan, S. Korea, Europe and others while they economically clobber us cuz they get a free ride defense-wise. Other countries hate us cuz we interfere with them. We average Americans hate our leaders for interfering with them - you ( for those out there on the receiving end ) . We would like to stop this but we have no choice but revolution. And we ain't ready for that - yet!
Please remember that just as there were Russian people and then there was the Soviet Union - there are Americans and the United States Government. The latter two have damn little to do with each other! - Date: Sun Jun 28 1998 02:46
John Disney__A (Whew ...) ID#24135: - Salty ..
Glad that's over .. - Date: Sun Jun 28 1998 02:45
Haggis__A (John Disney.......) ID#39862: -
I did try to get Old Blooper into a discussion concerning gold - on his own home turf !
Perhaps we could move the Whites from Georgia, and re-populate Rhodesia.........aye those were the days back in the early 1970's.... - Date: Sun Jun 28 1998 02:45
blooper (John Disney,) ID#207145: - I don't wish any ill on you or your country. Joking is fun, but I went too .
far with it. As far as your attitude goes, well John, go eat your salad. - Date: Sun Jun 28 1998 02:44
John Disney__A (Marching through Georgia ..) ID#24135: - .. Bloomer folded up ..
Just like in 1864 .. - Date: Sun Jun 28 1998 02:43
aurator () ID#257148: - slingshot
actually no, I'm salty, Disney is crusty, but Erle and blooper got bitten by something today. Crabby indeed - Date: Sun Jun 28 1998 02:42
John Disney__A (You Okay Haggis ) ID#24135: - .. just heard rumour that you
had been taken hostage by
terrorist Kangaroos.. - Date: Sun Jun 28 1998 02:40
blooper (Haggis,) ID#207145: - I don't find either you or slavery amusing, but I do know why a scotch block got it's name. Good night and good luck.
- Date: Sun Jun 28 1998 02:39
John Disney__A (Hmmmm..) ID#24135: - Blooper and Haggis ..
I think you made some points ..
I wonder what they were - Date: Sun Jun 28 1998 02:36
blooper (Haggis.) ID#207145: - Go ahead and sell those white guys. John Dizzy might not agree, but I do.
- Date: Sun Jun 28 1998 02:35
SlingShot (crabby) ID#105111: - crabby crabby crabby crabby
all of you
- Date: Sun Jun 28 1998 02:35
John Disney__A (Where did YOU come from ) ID#24135: - Farfel ..
Glad you disagree with me on most
things .. I become a little uneasy
with you at my side for extended
periods.. I'll have to take a
second look at RYO.
ROR likes RYO .. perhaps the
managemnent reminds him of
the Kommisars in the Kremlin ..with
their pricey dachas .. while the
workers and shareholders starve. - Date: Sun Jun 28 1998 02:33
tolerant1 (strat, Namaste' of guts and pluck...Hmmmmmmmmmmm...your words...they...) ID#373284: - invoke and evoke…much…I appreciate the offer of the Goat but I have since long lost the need and inhibition to acquire such a beast…
Your conversation is not as winsome as I had first thought…perennial regression never blossoms…forgive me for pre-judging you…if you have it in your Heart…
It is my fondest Hope that you and yours enjoy the day…
Thank you for HELPING me THINK…that in and of itself is a gift…
- Date: Sun Jun 28 1998 02:31
Haggis__A (blooper...........) ID#39862: -
A business opportunity - perhaps, when Nelson goes, we could sell them White Folks in Africa into slavery in the States. It would be like old times..........
- Date: Sun Jun 28 1998 02:31
aurator (ogld-eagle) ID#257148:
Copyright © 1998 aurator/Kitco Inc. All rights reserved - vronsky
word to the wise
go back and do some more marketing at Perth Mint. Perhaps the Bart Bug has got to you and you can't get your own site's URL right any more, admirable redundancy too...
Precious Metals Website
http://www.perthmint.com.au/collector_issues/coin_talk/messages/61.html
Posted by vronsky on June 07, 1998 at 22:12:23:
golden-eagle is the Internet's Premier precious metals
website in the world. Its 700 web pages are all FREE.
http://www.ogld-eagle.com
- Date: Sun Jun 28 1998 02:31
sharefin (John Disney) ID#284255:
- - I recently read a report on the number of chips in a MIG.
I think from memory over 100.
Unless these are checked/repaired/replaced.
These beasts of the sky ain't gonna fly.
As for the 747 with 100,000's of wee little chips - ha....
You'll have to take a can opener to them to get them compliant.
EJ's piece recently ( april failures ) was an eye-opener.
Computerised flying may well become a moot point.
As to the CAT's, GM's, DD's in the mining industry.
Too much for my comprehension.
But I know they are all chipped up.
- Date: Sun Jun 28 1998 02:31
blooper (john dissey,) ID#207145: - You live in an aparthied country, oh well technically it's not. You may well be a slave yourself soon. I don't think a pot can call a kettle black,now john, can you. We freed our slaves in 1864.
- Date: Sun Jun 28 1998 02:30
Earl () ID#227238: - Salty: A warm winter should be a blessing ......... to those whose prospects for warm apparel are bleak. .... For some reason our local paper devotes little attention to the Oz/NZ East Asia Co-prosperity Sphere. More's the pity. ..... But then, civil cultures are of little interest here at the moment. Vulgarity is another matter.
- Date: Sun Jun 28 1998 02:27
Haggis__A (blooper.............) ID#39862: -
I never would have thought of that ?!?!?!
Gold.............any points for discussion.
Gold metallogeny in the Appalachians - Georgia, Newfoundland, Scotland, Norway, Sweden ?
- Date: Sun Jun 28 1998 02:27
John Disney__A (YEES ..) ID#24135: - Bloomer ..
You have become incomprehensible ..
You are becoming sleepy .. You are
VERY tired .. Its very warm .. you
feel very GOOD .. GO TO SLEEEEEP.. - Date: Sun Jun 28 1998 02:25
blooper (You're not going to have any use,) ID#207145: - for SA when Nelson kicks the bucket. Going the way of Rhodesia.
- Date: Sun Jun 28 1998 02:23
farfel (@ERLE...I confess that I have been a cheerleader for gold...) ID#340302:
Copyright © 1998 farfel/Kitco Inc. All rights reserved - ...not so much because I absolutely love the stuff...but rather because I have such a distaste for the over-hyped, over-bubbled DOW and NASDAQ. I fear the imminent economic disaster awaiting America when the bubble pops.
In gold, I have seen a refuge from the insanity of overzealous vertical markets.
However, there does seem to be a mindset to goldbugs that is irrevocable. So, I am much more enlightened today than in the past.
In the past, I extolled the benefits of unity of purpose amongst goldbugs...now I realize it WILL NEVER be reached.
In the past, I extolled transmutation of negatives into positives by goldbugs...but I have come to realize that the fundamentally negative mindframe of goldbugs is irreparable and unyielding. They are a wounded generally bitter lot ( as will be evidenced again by the abundance of hateful, anti-farfel posts that are bound to follow this post ) .
Unfortunately, I never declared myself a martyr for gold...that appellation was thrust upon me, probably on the basis of various rhetorical, emotionally whipped up pieces I posted on this forum...not to mention the IDCIBM cheers, etc. In the past, I have championed gold's inherent value and made appeals for goldbugs to adopt methodologies that would enhance its value.
I see now it's a lost cause.
So, I happily shed the coif of gold martyrdom and will call them like I see them. Just like every other genius on this forum.
I must agree with the Mousester in his attack on Royal Oak.
Royal Oak is an unmitigated example of a gold management that has duped, plundered and raped its shareholders. They should be raped in turn and dumped into the cold streets of the night.
Unfortunately, that's probably about the only thing I second with respect to anything voiced by The Mousester.
I certainly do not think much of his vaunted S. African gold industry. If the Great Gold Bear continues much longer, then that country will be the next to say goodbye to its entire gold industry.
But that's another story.
There are a few great N. American golds. You must sift through a lot of crap to get to them. I expect that there will be as many as five or six survivor N. American gold companies ( Tops! ) by the time this Great Gold Disaster is finished.
Actually, I do believe we are at the beginning of a Gold Bull. It will be a slow painful development that can only burst forth once the former DOW & NASDAQ disciples enter the picture in full force. Goldbugs will NOT be the major beneficiaries of such a bull since they are generally short-timers who dump their gold investments on the first sign of any real strength in the metal. In other words, they harbor no real conviction in the sustainabilty of gold's upward movement.
Thanks.
F*
- Date: Sun Jun 28 1998 02:23
John Disney__A (Hassle .. Hassle) ID#24135: - For Bloomer ..
You make the POINT that you spell
pretty crudely..
Now you all go study yo spellin'
you heah .. boy - Date: Sun Jun 28 1998 02:22
sharefin (Earl) ID#284255:
- - Pauline is taking OZ by storm.
Because the many are sick and tired of the normal B*S*
They are seeking a change in governance.
Be it what it may.
The pollie of the day has to wear the brunt of discontent.
Poor Johnny.
The ruling parties are aghast and dismayed.
And are bringing full artillery to play on Paulene.
Don't expect truth and honesty to come to the fray.
There are to busy rubbishing her to attend to their own problems.
'Blinded by the light.' So to say.
Paulene rose from the quagmire from a urban fish and chip shop.
She speaks her mind and addresses the need for change.
She had no political friends to train her to their ways.
And hurts them because of this lack of protocol.
Many of her words strike a note in the hearts of our rural backbone.
They are turning to her cause they don't like what is happening.
Many more are shifting camp to her side now.
Members from the other parties are deserting ship
And going to where they see the next change coming from.
They have not changed...
True to the core..................
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
AllenUSA
Here's an interesting article on the probabilities game.
Maybe some numbers you can adopt for your model.
http://www.itpolicy.gsa.gov/mks/yr2000/paper5fp.htm
Therein lies the full potential for the domino effect.
Great reading from:
http://www.itpolicy.gsa.gov/mks/yr2000/papers.htm
- Date: Sun Jun 28 1998 02:19
blooper (John Dissey, ) ID#207145: - South Africa's a fine land now. Mandella treating you O.K. Randy Rand
an all that.How are those old slow iorn tub Migs? - Date: Sun Jun 28 1998 02:16
ERLE (aurator, my sweet) ID#190411: - Tarring all we Americans with condescending comments gets a trifle old.
I do what I can to inform my fellow 'merkins about the consequenses of our infirm global monetary system.
You might never know who your friends are.
BTW, thanks for your help on NZ sharebrokers.
I have received a packet from Greenline of AU.
I am wary, but, gold will go up.
There is another decent electrical storm hitting here now, so I must go.
The best to you..
- Date: Sun Jun 28 1998 02:16
blooper (Haggis') ID#207145: - Maybe Scotland is so fine a country, that you can pick on others. I find it crude, I don't care what anyone thinks.. I hastled the French once and Aurator went thru the ceiling. Hastling the US is sport for lots of people who might be German subjects now.
- Date: Sun Jun 28 1998 02:15
John Disney__A (Savannah's OK ) ID#24135: - .. But I never had any use for
Georgia ever since they sold out
Virginia to the Yankees in the
Civil War .. - Date: Sun Jun 28 1998 02:14
Earl () ID#227238: - Haggis: Fortunately for you, escape lies in the BOS ( the big orange switch ) . Unfortunately for us, it's much like having a crazy aunt quartered in the garrett. Try as we might we can never quite get away from her.
- Date: Sun Jun 28 1998 02:11
John Disney__A (Dont Miss the POINT) ID#24135:
Copyright © 1998 John Disney__A/Kitco Inc. All rights reserved - For Bloomer ..
Try more facts and less points..
For Salty ..
You're not dim .. there was no POINT .. THAT
was the POINT.. Now do you get the POINT
For Bill2j..
You have a good head on your shoulders.. What really
put me off was a film of about 50 guys sweeping the
runway first thing in the morning so the F-16s could
take off and not suck up too much debris.
Air shows yes .. long range short wars yes ...
protracted up close war .. dont think so
For Argent ..
I vote for Arf too .. if he's good enough for
Sandy I'll string along.
For ROR ..
I really dont believe the intervention stuff. Most
of the big fall SEEMED to come after RSA and London
closed !! In a thin NY market .. Maybe Rubin said
BUY Rands and some idiot thought he said SELL.
Thanks anyway .. credit goes to son. He's the timer
who gave the targets .. They worked well so far. - Date: Sun Jun 28 1998 02:09
blooper (Tantalus' ) ID#207145: - Turn my back and you're PC. Go study your history. No slaves when Georgia was founded. The debtors prison thing may come around again, as many prominent Englishmen went broke during hard times in England. James Oglethorp was the colony's first Governor. Go back to school fair weathered Californian
- Date: Sun Jun 28 1998 02:04
blooper (How bout this ERLE) ID#207145: - Just leave out the a. Ok, if it makes you a happy camper. That is reasonable. the tits got my attention finally. Here's to the UPS guy with
the hernia. - Date: Sun Jun 28 1998 01:53
ERLE (blooper) ID#190411: - I'm atalosstoexplain the difference in names.thereisnoEarle on this forum.
See, Earl is the smart one.
I be the occaisional dolt. See above: ERLE ( all caps ) .
Think of it this way: jane is a bitch wo/tits
jayne has big tits.
See, there is a difference in sp.
You should buy 1000 oz of Ag. Give a hernia to UPS. - Date: Sun Jun 28 1998 01:52
strat (tolerant1) ID#93232: - Tiananmen...there, I got. Tiananmen Square...I used to get A's in spelling, but ever since I got a computer, it's gone to hell. Have a good one.
- Date: Sun Jun 28 1998 01:49
Tantalus__A (@ Haggis) ID#374204: - Georgia was founded as a debtor-slave colony
by the Brit's. & then help defeat the Brit's.
Any paralells here?
Best of luck in the digs.
- Date: Sun Jun 28 1998 01:48
aurator () ID#257148: - Erle
Ya, well, I agree with you, I think. America deserves better. So too does NZ. Now, why the abuse, lover?
Earl
Ya, the spiral she's starting to speed her descent to glory. That as a result of what the press are starting to say rather too readily. The NZSE is looking like a basket case, the NZ$ looking decidedly flightless, but boy are we having a warm winter! shorts and t-shirt again today. The lawn thinks its spring, hang even saw a Monarch Butterfly today. Middle of winter? - Date: Sun Jun 28 1998 01:40
blooper (Tantalus,) ID#207145: - I appreciate that. Maybe bigots are prejudiced without even knowing it. Good luck with that bunch of blood suckers out there.
- Date: Sun Jun 28 1998 01:39
Haggis__A (Aurator..........) ID#39862: -
Aye, and I used to think that the Scots had a communication problem.
These boys from thr Deep South, sure do have a way about themselves.
Give him five minutes until he stops chewing the peanuts !! - Date: Sun Jun 28 1998 01:38
blooper (Prejudice cuts both ways,) ID#207145: - Guess i'm just a red neck ole KKK Grand Dragon. Gee whiz. I'll say goodnight before i'm lynched.
- Date: Sun Jun 28 1998 01:36
ERLE (aurator, and other self righteous prigs) ID#190411:
- - Most of we 'Merkins don't want to have anything to do with the global politics foisted on us by our democratically elected running dog lackeys of the imperialist war-mongering system.
( Sorta' sounds like anorexic puke queen jane. doesn't it? )
I don't care to defend Euro, or Chosen, or Nippon or Greece or ANZUS or anyone else.
I like a defensive posture. 'Merkins pull back to a defensive border: Someone screws with our natural law freedom, then have the War Department lay waste to the agressor.
A gold standard would make it impossible for Mr. Goldman-Sachs RR to pull his crap.
NZ deserves better, by a long shot. - Date: Sun Jun 28 1998 01:35
Tantalus__A (blooper et al...) ID#374204: - The South shall rise again,
as noone in the the north
has any nalgas. ( ie...huevos,balls )
- Date: Sun Jun 28 1998 01:33
Earl () ID#227238: - Salty: How goes the downward spiral?
- Date: Sun Jun 28 1998 01:31
aurator () ID#257148: - blooper
forgive me, I can be quite dim. What was your point? - Date: Sun Jun 28 1998 01:30
blooper (Earle) ID#207145: - Like wuzzy whipped guys.
- Date: Sun Jun 28 1998 01:28
blooper (Aurator,) ID#207145: - Give me a da8m break. I was making a point, not expressing a fact.
- Date: Sun Jun 28 1998 01:28
Earl () ID#227238: - Uppity women? Yeah, that must be something like uppity red necks.
- Date: Sun Jun 28 1998 01:28
strat (tolerant1) ID#93232: - Salaam, tolerant1. If you want your goat back, you can have it. But think, if the government can do to Randy Weaver what they did, what else are they capable of? I make the comparison between Kent State & Tianeman ( I got to learn to spell that one ) , because it can happen here.
- Date: Sun Jun 28 1998 01:26
Haggis__A (blooper............ I suppose that........) ID#39862: -
........I had better orientate you. I'm in Western Australia, exploring for gold.
At this very momment, there are not too many women around - plenty of kangaroos !
Georgia, is that near Arkansa ? I bet it's a wee bit like Tasmania !
You might have missed that one. - Date: Sun Jun 28 1998 01:26
Haggis__A (blooper............ I suppose that........) ID#39862: -
........I had better orietate you. I'm in Western Australia, exploring for gold.
At this very momment, there are not too many women around - plenty of kangaroos !
Georgia, is that near Arkansa ? I bet it's a wee bit like Tasmania !
You might have missed that one. - Date: Sun Jun 28 1998 01:26
blooper (WE shall NEVAH SURRENDAH,) ID#207145: - 297 or there abouts Haggis, Care for some stout?
- Date: Sun Jun 28 1998 01:25
Earl () ID#227238: - Sharefin: What's with the Australian One Nation Party I keep reading about? ..... As well, Pauline Hanson? Is there more to it than just the immigration issue? The last article I read tended to put it in the context of hard times in Ozzie agriculture. My understanding was that it is growing out of dissent in the hard hit agricultural areas.
- Date: Sun Jun 28 1998 01:24
aurator (where am I?) ID#257148: - blooper
and where, pray tell, is kitco based that provoked your If I came on a Scottish chat group and put down Scotland, How Popular Would I Be? - Date: Sun Jun 28 1998 01:22
blooper (Haggis,) ID#207145: - Let's change the subject to uppety women. Jane Fonda, sorry, Erle probably would be offended. Bet you dnn't have a lot of uppity women in Scotland do you haggis? We got a bunch of em over here.
- Date: Sun Jun 28 1998 01:22
EJ (newtron: re your Sat Jun 27 1998 09:33) ID#45173: - My wife did not jump right away at the idea of selling the house in this inflated real estate market for the cash, renting, and buying back into a depressed market in a year or two. What sold her on it was the prospect of buying a far better home in the relatively near future.
-EJ - Date: Sun Jun 28 1998 01:18
Haggis__A (Have you all surrendered yet...............) ID#39862: -
Date: Sun Jun 28 1998 01:09
Haggis__A ( What has this got to do with the Gold price....... ) ID#39862:
http://www.nwlink.com/~jimmyjr/scots.htm
Och aye the noooooooooooooooo................ - Date: Sun Jun 28 1998 01:16
Gold Dancer (Envy ) ID#430221:
Copyright © 1998 Gold Dancer/Kitco Inc. All rights reserved - I have been divorced or about 12 years and just found the woman I'm going
to marry. She is wonderful. But she did just what you did. She just put
money into her IRA and left it there for the past 8 years without
knowing anything about the market. She never paid any attention to it at
all. Fortunately when I showed her what has happened on an historical
basis she agreed with me and she is now mostly in cash and 25% gold.
She came from the Midwest and has lots of common sense.She did real well. But I've played the markets
and got into gold too soon because I could see what was happening.
But I would rather be me than all those who just take things on blind faith. Something will happen to all these stock investors when things
turn against them and I don't think it is going to be pretty. Thanks GD - Date: Sun Jun 28 1998 01:16
Earl () ID#227238: - Erle: Whddya think? Will 'ol Bloomers ever note the difference in spelling, between your handle and mine? At the moment, it looks hopeless but some do wonderfully in remedial reading classes.
I found a talking dog with charts today. I'll try to post them tomorrow if the Kitco Cheer Leading Squad will save a little bandwidth. - Date: Sun Jun 28 1998 01:16
blooper (No, Haggis) ID#207145: - I didn't vote for Jimma Khata. If I came on a Scottish chat group and put down Scotland, How Popular Would I Be?
- Date: Sun Jun 28 1998 01:14
tolerant1 (strat, Namaste') ID#373284: - Your filial belief in transforming one abstract into another serves neither your point nor the umbilical grip your heartfelt comment is supposed to make…
I know my history…
Body-count not with-standing…
Think again…
- Date: Sun Jun 28 1998 01:13
Haggis__A (blooper............aye well..........) ID#39862: -
..... as long as you don't ask me to chew a peanut - I hear that is also an old Southern tradition ? - Date: Sun Jun 28 1998 01:13
blooper (Tantalus,) ID#207145: - You got a mess of poly-tics out there. You've got to be a queer left winger just to have a chance in Calif. East coast girls are hip.... sorry
I regress to 1965 sometimes. Must have been the war, which is why I dislike jane ( little j ) . - Date: Sun Jun 28 1998 01:09
aurator ( ) ID#257148: - Candelabra
email to you bounced back after 24 hours, you got ISP problems again? - Date: Sun Jun 28 1998 01:09
Haggis__A (What has this got to do with the Gold price.......) ID#39862: -
- Date: Sun Jun 28 1998 01:07
tolerant1 (Mike Sheller, Namaste' Hmmmmmmmmmmmmmmmmmmmm...) ID#373284: - For you my Friend...cut number 8...Leo Kottke...Standing In My Shoes...forever this music WILL represent my kind Wishes to you and YOUR's...
I shall smile oh so deeply...
Namaste'/peace...Hmmmmmmmmmmmm...truly then...what is in a word...
- Date: Sun Jun 28 1998 01:07
ERLE (@blooper) ID#190411: - 00:53 was up to your standard as usual.
- Date: Sun Jun 28 1998 01:06
Tantalus__A (blooper - kindred soul) ID#374204: - I was relieved to get her out of California. But
we still have Henry Waxman, Dianne Feinstein, Barbara
Boxer, Jerry Brown ( that's right-new mayor of Oakland ) ,
Willie Brown, and HER ex-Tom Hayden.
Could we please work a player swap with the Georgia legislature?
- Date: Sun Jun 28 1998 01:01
blooper (Haggis) ID#207145: - I'm not going to let you run down my country, besides , i only asked you to kiss my grits. That's an old custom here in the south.
- Date: Sun Jun 28 1998 00:58
Haggis__A (blooper.............) ID#39862: -
I don't believe that I have had that pleasure.......
Indeed, I don't think I ever will !!
blooper - were you named by your father or your mother ?
Must be a good reflection of your personality ! A you a typical Yank, or is your name a one-off ?
Have a nice day. - Date: Sun Jun 28 1998 00:53
blooper (I like how Jane manned ) ID#207145: - the anti-aircraft gun in Hanoi during the war. She accidentally shot down a mig, but wat the hay, there so slow anyway.
- Date: Sun Jun 28 1998 00:50
blooper (Tantalus,) ID#207145: - Sorry, she was telling the U.N. dupe how we had kids starving here in Ga. What a douche bag.
- Date: Sun Jun 28 1998 00:49
sharefin (Call in the military) ID#284255: - Don't need to - they are already there and have taken a glimpse at the problem.
Military Tactics Urged To Fight Glitch
http://www.oklahoman.com/cgi-bin/shart?ID=189872&TP=getarticle
~~~~~~~~~~~~~~~~~~~~~~~~~~~
Will the US have a military come Y2k?
Will their carriers sail?
Will their planes fly?
Will their tanks run?
Will their missiles go up?
What will work properly.
Guns and ammo?
Foot soldiers? - Date: Sun Jun 28 1998 00:48
blooper (Tantalus,) ID#207145: - Jane couldn't make it as she was busy shafting religion, as are most liberals. It's almost enough to make me a born again Christian. I live in Georgia. Last month she was telling the U.N.
- Date: Sun Jun 28 1998 00:45
Grizz (pardon my mistake) ID#431366: - My statement that
You all truly live in another will.
should have read
You all truly live in another world.
Gotta go, bye. - Date: Sun Jun 28 1998 00:42
George__A (Japan Crisis?) ID#433172: - If the japanese have a problem it's up to them to solve it, they know that. They have been calling the shots vs-vs the USA. They want to sell us stuff and hold our paper, that's their ploy. They love those big trade deficits they inflict on us. I suppose I'm cynical ( I know it ) but I think its funny, laughable that is, if it's their tit in the wringer.
They need to change, and buy from us as well as sell. I am sure of one thing-- we owe them nothing.
- Date: Sun Jun 28 1998 00:41
blooper (Haggis) ID#207145: - Kiss my grits.
- Date: Sun Jun 28 1998 00:41
Grizz (Disenchantment? Yes that is me. Also anger & ennui.) ID#431366:
Copyright © 1998 Grizz/Kitco Inc. All rights reserved - JP speaks of “Almost every butcher, clothing salesman, barber, liquor saleman, office clerk,cab driver, and shoeshine boy own stocks. They probably read The wall Street Journal and they are generally well informed---but also emotional about their investments”
ENVY says of himself: “I'm more Joe Public as far as investments go. Regarding the post about the market: I've been a typical investor as far as the market goes - 401-K funds have seen 20, 30, 40, sometimes over 50 percent gains in various growth type funds ( funds connected to the market ) .
I’m just a service worker - the person behind the counter at a convenience store, the person who waits on you at the cafe, the cashier at drugstore. I don’t own stocks - they are so far beyond my reach as to be another world. Same goes for a reasonably new car, a house or a family. 401-Ks are a pipedream as is the hope of Social Security being there when I retire. My stock of money is what I have in my pocket and the little in my checking account. I get by - at least most of the time paycheck to paycheck.
GOLD? My dad left me a few quarter eagles. Silver? My mom left me some silver dollars. I would like to own more and have it jingle in my pocket. I too would like to “ view gold as an investment in increasing my liklihood for survival.” as Aragorn III puts it. But I don’t have his “wherewithal to bank with the BIS”. I would like someday to have the wherewithal own a little Gold or Silver. But they too are so far beyond my reach as to be an unaffordable luxury - like having money in a savings account.
Aragorn III says my statements “may dampen the inclination of a lurking/reserching soul to take appropriate action toward economic responsibility.” Well, I guess since I can’t afford such appropriate action as buying Gold at today’s prices ( and you all want it to go even higher ) then lowly service workers like me don’t belong on this forum. We are wrong to have hope to someday see Gold anywhere but family heirlooms, a wedding ring and plating on cheap jewelry. You all truly live in another will. Perhaps I should crawl back into my cave. ( It's time for me to leave for nightshift at the corner mini-market anyway. Goodnight ) .
- Date: Sun Jun 28 1998 00:39
Haggis__A (Mike Sheller............) ID#39862: -
A correction Sir -
I don't believe any of the US Governments stats, but I will read and digest the info.
How on earth can I, a simple humble Scotsman, have it in for the Us Government? Get a grip?
Please orientate me - are the following statistics realistic ?
http://www.arusa.com/tmpls/sect2_2.htm
STRUTH.........
Och aye the hmmmmmmmmmmmmmmmmmmmmm.....................
- Date: Sun Jun 28 1998 00:39
blooper (I wish Barbarella's mom had) ID#207145: - had a partial birth abortion. Suck that little brain right out. I do, however think she deserves Ted.
- Date: Sun Jun 28 1998 00:35
blooper (I love Market Timers,) ID#207145: - Market timing is a fool's game. I know, because i've been one on several different occasions. We can agree to be cautious and watch the AD line, highs and lows, volume, etc. We usually get a general idea, but that's all. Goodnight Michael Metz, all.
- Date: Sun Jun 28 1998 00:35
Tantalus__A (Bill's large Chinese adventure) ID#374204:
Copyright © 1998 Tantalus__A/Kitco Inc. All rights reserved - We could just as well have sent Jane Fonda.
Does this policy of appeasement remind anyone
here of Chaimberland's visit with Adolf Hitler?
If I were Beijing, would I not consider the economic
and military control of my 40 century old backyard
a priority?
Oh ya, they have no air force or navy, but they have
nukes. And what's a few hundred million people in
the larger scheme of things?
Beijing scares the hell out of me. Focus on Japan if
you will, but how's the Hang Seng doing since the Brit's
left?
WWIII starts here, but will come via Teheran, Turghikastan,
Khasakstan or other unpronounceable & untraceable source.
BUY GOLD NOW!
- Date: Sun Jun 28 1998 00:31
Envy (and btw, thanks ...) ID#219363: - mike, haggis, others - for posting so much valuable information. : )
- Date: Sun Jun 28 1998 00:28
blooper (John Dissey,) ID#207145: - The next war will be nuclear. Those stolen plans they used to build those migs with won't matter. If the war is protracted, US economic might will prevail. Speaking of economic might, how's that Randy Rand doing?
- Date: Sun Jun 28 1998 00:20
aurator (The camera never lies.. ah hahaha) ID#257148:
- - Sometime very soon there's going to be one great insulting image caught of Klinton in china. I reckon he's being set up right proper. THe Chinese will not let this opportunity pass. Somewhere on his itinerary is a big insult, to put the slime in his place. Someone mentioned Chamberlain a few days ago, uh huh, Peace in our Time cf We won't point Nukes at each other uh huh..
Gastroman I know you were not being envious of Envy, but ain't it a pisser that dumb luck can pay more than scholarship?
Of course, dumb luck can change in an instant, while scholarship just grows, perhaps I should say mushrooms for the benefit of 6-Pack.
Is Luck really a Lady?
- Date: Sun Jun 28 1998 00:19
strat (tolerant1) ID#93232: - Study your history...the scale is different ( 4 dead vs. ? dead ) but the intent was the same...armed soldiers vs. unarmed protesters...think.
- Date: Sun Jun 28 1998 00:18
downunder__A (YEP, you are great value.) ID#27341: - GM
- Date: Sun Jun 28 1998 00:15
Haggis__A (Mike Sheller..........) ID#39862: -
Mike Sheller ( Envy: re your mutual funds - )
Sir,
Don't be so polite - kick him in the nuts, or give him a Glasgow Kiss
Och aye the noooooooooooooo............... - Date: Sun Jun 28 1998 00:13
George__A (Mike Sheller) ID#433172: - I read your earlier post on the nature of religon. It stuck with me all day. That was very well said, even my wife read it and said, uh-huh.
uh-huh. - Date: Sun Jun 28 1998 00:12
strat (tolerant1) ID#93232: -
- Date: Sun Jun 28 1998 00:07
sharefin (Just like a war.) ID#284255:
- - http://
dailynews.yahoo.com/headlines/upi/story.html?s=n/upi/98/06/26/washington_dateline_general_news/uschemwar_1.html
Year 2000 problem may hurt defenses
``The consequences could be catastrophic,''
That makes the Year 2000 problem ``a serious global threat,'' McGonigle said.
``It's just like a war. We're going to get hit by these computer problems and we're going to get hit hard,'' he said. ``The question is, who's going to go down?''
~~~~~~~~~~~~~~~~~~~~
Westergaard Year 2000 publisher John Westergaard will testify before the
Senate Special Committee on the Year 2000 Problem Monday morning, July 6th.
His focus will be on strategic considerations related to the impact of Y2K
on financial markets and business conditions internationally. For example,
if Saddam Hussein uses Y2K as an impetus to move on Saudi Arabia since the
U.S. military will not be able to respond, what will the resultant rise in
oil prices do to world financial markets?
Any other thoughts on what could happen in a Y2K-driven global economic
environment? - Date: Sun Jun 28 1998 00:03
Tantalus__A (Been checkin' out the news, 'till my eyeballs fail to see) ID#374204: - Klinton debates Jiang on Human rights. ( yawn )
I guess we're supposed to think that this was impromptu,
and not rehearsed. ( With his large campaign donor ) .
Human RIGHTS are not universal or God given,
they are priveleges guaranteed by whomever constructs the law.
Who makes the law in Beijing, Bill?
What a joke! It's not enough that this opportunist
has demeaned his Office as US President.
Must he embarass all US citizens while the world watches!
- Date: Sun Jun 28 1998 00:00
Mike Sheller (Envy) ID#347447: - ( ;- )