I still remember Kitco near midnight when all of the posts would disappear into a white void -- because we advanced abruptly into the next day -- out of sync with most of us! That threw me for a loop until I realized what was happening. Really unnerving to see reality vanish, to be replace by nothingness. Good thing the computer terminal was still there.

Imagine Ronald Reagan doing that. He wouldn't even attempt such a discussion.

However -- someone else came up with the best answer for his real talent -- he lies better than anyone I know. Sorry -- I'm too pooped to complement the Kitcoite that said that.

The master of lies. Good thing he doesn't have more drive, or we would really be in trouble.

http://www.abcnews.com/sections/world/DailyNews/iraq981110.html

And the first distribution of cash proceeds from the GLDFY spin-offs was pretty meager as I was credited with $ 4489 out of an expected $ 26000. Does anyone have the scoop on the timing involved here? I'm a little frustrated with South Africa at the moment. Not to mention the lack of responses from my E-Trade inquiries...

http://www.abcnews.com/sections/world/DailyNews/iraq981110.html

What is interesting is that official spokesmen are saying that Iraq's ability to launch chemical and biological weapons production is 'limited'. And, according to the same article, after 71/2 years of cat and mouse with Saddam we don't know where to bomb the secret locations. Yet -- we are almost certain to attack anyway. For some reason France and Russia are now falling silent. Apparently due to deployment of surface-to-air missles.

Let us hope that saner heads come up with a better plan -- brinksmanship with a master -- Saddam himself.

On the other hand -- he might have to grow into his leadership role regarding foreign affairs.

But he could not do any worse than our current rudderless leader, who is much too likely to use excessive force to make up for inadequate leadership in foreign affairs. And Oxford educated too. What really irks me is the talent our current leader has -- almost all of it waisted.

I will offer something to the many posts to those who have died to keep us free -- in so many countries over the world -- and at so many times in history.

Intelligent life is the most precious thing in the Universe -- life the pinnacle of inanimate matter -- and intelligent life the pinnacle of life. Our God-given role is to perpetuate and nurture intelligent life, in any way we can.

Those who have died to keep us free have made the ultimate sacrifice. It is up to us to make sure that intelligent life ( we humans in particular ) flourishes and evolves -- building on those who have come before us. We cannot evolve as a people unless we are free -- we cannot afford to let a few mold the future of the human race -- it should be for us all. And -- I think -- if we enourage the growth and development of as many people as possible -- as we do I think on this virtual site -- and many others on the net -- we will achieve the greatness of the human race that we are capable of.

Let freedom ring -- in as many countries in the world as possible -- the right for all to determine their futures with as little control as possible. Freedom has its shortcomings, as you must learn to benefit from it -- but it also is a precious thing -- like life -- and intelligent life as well.

Most theoretical Physicists I know ( mostly knew as I am not the theoretical type ) are/were mathematicians first and Physicists second -- plenty of math knowledge, but little Physics intuition. I hope that we have someone in the background with his brilliance -- but no one comes to mind. Part of the reason for this is that Einstein's real brilliance has only become evident since we have been in space, looking at Quasars/binary stars and looking for Black holes. Also post radiotelescopy.

Unfortunately Quantum Mechanics does not lend itself as well to what is called Physics intuition, as this field is alien to our normal everyday experience. But -- if Einstein had been at his peak say another 50 years -- his might have come up with a Grand unified theory of everything.

Well that was not to be -- what we need now is a real breakthrough in 'MacroQuantum Mechanics' what quantum mechanics means to us in our reality, not the reality of elementary particles. As one famous physicist recently said -- Can't recall who -- modern physics may only really advance when we include not just classical physics, but some sort of 'metaphysics' -- some novel way to understand the continuity of time and space as one -- easy to talk about loosely but nearly impossible to understand.

Here's a clue for you -- Wavelet analysis is really hot these days for graphical analysis: efficient compression algorithms, rapid image analysis, efficient moving image generation, etc. Q: What is wavelet analysis? A: A sort of 'quantum' fourier transform. Our computer screens have quantized information ideally suited for wavelet analysis. And space itself is probably grainy at fine enough resolution -- also quantized. The new quantum physics is almost certainly based on quantization of reality itself. Chaos theory is based on quantization. The Fibonacci series is part of this, somehow.

Questions, always more questions. Every answer leaves more questions to answer. Makes you believe in a Supreme being who is constantly juggling all those pieces of reality in a way that makes the world just the way it is. When you think about it, if the movie of reality got jumbled up, causality would be gone, and we would be helpless -- or more likely would never exist in the first place.

Apologies to all for the digression yet again. Even if there are markets open in the Pacific.

Source: Barron's Fiance & Investment Handbook Fourth Edition ISBN 0-8120-6465-8

Sounds like they're just saying that each ADR will continue to be worth 1 share of the stock. I've seen before were people will consolidate them, that is, make a change like 1 new ADR equals 10 of the old ADRs.

http://www.zolatimes.com/V2.37/tired.html

T1, cherokee, Earl, mozel, and even aurator; a must read!

*grin*, one of us will be right. : ) I hope it's you.

@Yellowcab

POISON PILL: Strategic move by a takeover-target company to make its stock less attractive to an acquirer. For instance, a firm may issue a new series of preferred stock that gives shareholders the right to redeem it at a premium price after a takeover. Two variations: a flip-in poison pill allows all existing holders of target company shares except the acquirer to buy additional shares at a bargain price; a flip-over poison pill allows holders of common stock to buy ( or holders of preferred stock to convert into ) the acquirer's shares at a bargain price in the event of an unwelcome merger. Such measures raise the cost of an acquisition, and cause dilution, hopefully deterring a takeover bid. A third type of poison pill, known as a people pill, is the treat that in the event of a successful takeover, the entire management team will resign at once, leaving the company without experienced leadership. See also pension parachute, poison put, suicide pill

Source: Barron's Finance & Investment Handbook Fourth Edition ISBN 0-8120-6465-8

God bless my grandfather and veterans everywhere.

Who Cares ?: NO!! to infinite. *grin*

If cutting rates was going to work for the US, wouldn't you think it would have worked for Japan ? Cutting rates didn't do a thing for Japan except hurt them and prolong the misery. The problem in Japan isn't that they're carrying too much bad real estate debt, though that is bad. If that were the problem, then their only threat would have been a loss of confidence in mortgage backed securities. It's just an excuse for investors to pull out of the country. Japan's REAL problem is that their markets are going to hell, that is, their export markets. Why are Japan's corporate profits falling off ? It ain't gotta thing to do with a lack of easy money to fund expansion and cover corporate debt payments, it's got everything to do with a loss of market, a slow-down in the economy. High interest rates were never the problem. Now Japan is basically GIVING money away and they can't get their people to shop with it, that's deflation. Individuals all the way up to big ole corporations won't borrow money if their real gross incomes are declining, why ? The same reason that they'll bet the whole farm on debt financing when their real gross incomes are rising, the same reason that American citizens have a negative savings rate, because it's always going to get better. But in a deflation, it's always going to get worse. It isn't about covering your 3% mortgage with your 3% income increase, it's about you being scared, not borrowing anymore, not buying that new car. Joe 6 will run himself up against a debt wall if his wages are rising fast enough, but as it slows, so too does his borrowing. The FED can't push the string. All the easy credit in the world isn't going to help a farmer's crops sell for a higher price. Sure, he can purchase a new tractor for lower APR than ever before, but he's not going to do it if his real gross income isn't rising fast, is even, or at worst, falling. I never said deflation had to end in collapse.

I have long ago given up on trying to figure out exactly how Windows 95 works -- and I hear Windows 2000 is coming out in February, nonetheless!

Perhaps it will be delayed due to Windows 2k bugs! Fitting!

Can't be a free upgrade, either. And if it doesn't work, you will not have a clue how to fix it -- unless you by another program to 'diagnose' it for you. Doesn't seem to get cheaper, does it?

On silver I don't have a clue -- lost a lot of money on PAASF, but I am determined not to sell my stock. Will buy some more when I can.

Any hints from the floor traders -- rumors about gold fire sales or CB gold purchases? Or the traders buying with both hands yet?

By the way, I learned something new about Space, the Universe, and Everything over the weekend. Turns out that Einstein's General Relativity has beat out all the other front runners such as the Brans-Dicke theory of General Relativity. There is no evidence for the 'Aether wind' from a number of highly significant experiments, such as the Venus doppler radar experiments ( done in the 50's, analyzed more recently ) and lunar laser ranging experiments. I am somewhat disappointed about the lack of evidence for an Aether ( for reasons of understanding 'Zeropoint energy' ) , but excited that Einstein got it right to many decimal places in a number of modern spacefaring experiments. Amazing that he guessed right with so little information -- he thought that setting a scalar constant zero in his theory was one of the biggest blunders of his life. Wish I made blunders like Einstein did.

Did you know that the relative gravitational attraction of the Moon and earth verifies the equivalence principle to many orders of magnitude ( better than one part in 10 to the power of 10, IMHO ) ? The gravitational constant seems to be a universal constant after all, and any mass ( regardless of its composition or shape ) does indeed seem to have the expected gravitational acceleration, to amazingly great precision. It boggles the mind that inertia and Gravity are equivalent across the known universe. That is telling us something -- if we only knew for sure what.

The gravitational constant G has now been measured with such accuracy that the only remaining question is whether it changes with the expansion of the universe ( which it probably does ) .

And -- did you know that the speed of light really is not 'constant' in general relativity? Don't need the Aether wind to explain the funny things with gravitational lensing, doppler radar anomalies, etc. I finally realized this when I read an article about Black holes and the bending of light around massive objects. Technically, the speed of light is constant, but when light goes by a massive object, it is deflected and takes longer to get to where it is going ( because of the new path due to the deflection ) . How does this relate to the speed of light not being 'constant'? Well, a similar process happens in refractive media such as a diamond, except that the delay is not due to gravity, it is due to resonant electromagnetic interactions of the light with the carbon atoms. To an outside observer, the speed of light in diamond is ( I think ) approximately 1/2 that of empty space. But -- if you were tracing the actual path of light through the various interactions in the diamond, you would think the speed of light was unchanged.

So the speed of light is not really constant in this sense, even in General Relativity -- as in the diamond -- it just depends on where the observer is! Perhaps this is why Einstein's theory of Relativity has withstood the test of time ( pun intended ) . So those who guestion Einsteins theory of General Relativity have alot less to question these days -- even the question of the constancy of the speed of light.

What really puzzles me is that the success of General Relativity makes it even tougher for me to understand the Quantum Universe -- even more subtle in certain ways no than I thought it would be! Quantum mechanics would probably still drive Einstein nuts.

I love that quote from him, that 'God does not play dice'.

Have a nice Veteran's day, everyone!

Continuing the discovery of the Carlin Trend

AREA PLAY- The Carlin Trend-50 miles long, 5 miles wide including 20 major deposits with a geological resourse of 69 million ounces.

The E&D companies that are presently working/drilling this area of Northern Nevada in my opinion offer high return- low risk potential rewards in spite of Golds beating. The movement is afoot to

now finally say its ok to have some, and a portion of that some should be considered in and around the safe, secure, and potentially humongus reward a basket of these might return. I offer no real insight into the companies I have found and I only have a small position at this time in two of the companies.

I enlist the support of those of you that might see the potential rewards if we all do our due diligence. Perhaps we can add to this list with respect to more plays and more research! contibute.

http://quote.yahoo.com/q?d=t&s=WKR.V>http://quote.yahoo.com/q?d=t&s=WKR.V

http://quote.yahoo.com/q?d=t&s=CLH.V>http://quote.yahoo.com/q?d=t&s=CLH.V

http://quote.yahoo.com/q?d=t&s=CLN.V>http://quote.yahoo.com/q?d=t&s=CLN.V

http://quote.yahoo.com/q?d=t&s=MIQ.M>http://quote.yahoo.com/q?d=t&s=MIQ.M

http://quote.yahoo.com/q?d=t&s=BX.M>http://quote.yahoo.com/q?d=t&s=BX.M

http://www.cdn-news.com/DATABASE/main/1996/2/6/02061159.html>http://www.cdn-news.com/DATABASE/main/1996/2/6/02061159.html

http://www.euro-nevada.com/>http://www.euro-nevada.com/

http://quote.yahoo.com/q?d=t&s=HM>http://quote.yahoo.com/q?d=t&s=HM

http://quote.yahoo.com/q?d=t&s=GGO>http://quote.yahoo.com/q?d=t&s=GGO

http://www.aipg.org/

http://www.aipg.org/staff/dave.htm

http://www.aipg.org/staff/ron.htm

http://www.aipg.org/staff/joe.htm

http://www.aipg.org/staff/steve.htm

http://www.aipg.org/staff/hal.htm

http://www.aipg.org/staff/larry.htm

http://www.aipg.org/staff/jon.htm

http://www.aipg.org/staff/jim.htm

http://www.aipg.org/staff/bell.htm

http://www.aipg.org/staff/alan.htm

http://www.seismo.unr.edu/GSN/officers.htm

http://www.seismo.unr.edu/GSN/index.htm

http://www.renolaw.com/mining.html

http://www.unr.edu/unr/sb204/geology/contents.html

http://www.unr.edu/unr/sb204/geology/nevmines.html

http://www.unr.edu/unr/sb204/geology/outside.html

http://talk.techstocks.com/~wsapi/investor/reply-6047116

http://talk.techstocks.com/~wsapi/investor/reply-6363921

http://quote.yahoo.com/q?d=t&s=WKR.V

http://quote.yahoo.com/q?d=t&s=CLH.V

http://quote.yahoo.com/q?d=t&s=CLN.V

http://quote.yahoo.com/q?d=t&s=MIQ.M

http://quote.yahoo.com/q?d=t&s=BX.M

http://www.cdn-news.com/DATABASE/main/1996/2/6/02061159.html

Meridian Metals Corp.

CHI.V

Inmet mining ( US ) inc.

North Mining Inc.

http://www.euro-nevada.com/

http://quote.yahoo.com/q?d=t&s=HM

http://www.newmont.com/carlinb.htm#Carlin

http://quote.yahoo.com/q?d=t&s=GGO

The problem is -- every 50-60 years or so the pattern is different. The old 'inflate the dollar' scheme does not work as well any more - such as now. Accumulated debt complicates things immensely.

Two weeks ago I went to the food store, and found that I could buy an imported VCR, or color television for $39! And the product appeared to be of reasonable quality. You undoubedly know about the computer/computer memory price crash, and how competitive jobs have become in certain sectors. Why hire an American programmer when you can pay an Indian or Polish one for a fraction of the cost?

So -- many sectors of our economy have been forced to cut costs because they can't raise prices -- mainly due to foreign competition.

And now the deflationary forces are accumulating in the US. We have survived the computer price crash, but a collapse in the auto industry may not be so forgiving. It is beginning. Just wait till the current 40% reduction in new auto sales in South America gets translated into American dollar losses!

From the weird trading pattern today - it appears to me that the thin market is being used to exploit the uncertainty of the reverse split.....

I agree with Studio.R - the price could conceivably go down to the previous RANGY price range/0.7 or about $1 - $1.10 ( based on the 7 for 10 split information ) before the market makers 'discover' that the split is actually 1 for 3 and then it moves back up to its 'proper' pricing above $2.

I did something interesting recently -- I multiplied the DXY0 by the US dollar price of gold. The product has been dropping steadily for years -- can't remember how many -- indicating the rise in the US dollar has not been sufficient to compensate for the drop in the price of gold.

This is highly suggestive of a long term deflationary process. I would be glad to modify my graph and post it on Kitco when you tell us how we should be pricing gold.

My intuitive guess is that we will still find that the 'real' ( non US dollar ) price of gold is still dropping, but that the value of other goods is dropping faster.

Incidentally, my graphs indicate that since Jan 1998, commodity prices ( cry0 ) have been dropping steadily relative to the price of gold ( both in US dollars, so the effect of the dollar cancels ) .

Looks like we are experiencing the scenario that Donald so eloquently expressed some time ago -- the price of gold may be 'dropping', but it is rising compared to other items -- such as fiat currency, and more recently -- commodities. There was a similar time in the 70's when this happened.

Of course, my scenario does not apply to any countries that have had gold 'fire sales' such as SEAsia. The number of countries post financial collapse seems to be rising steadily. And -- the price of gold is clearly rising in all of them. South American next, IHMO, though China may be a close second.

I follow the Worden indicators, one of which is an index of how many stocks are more than two standard deviations above the mean price -- this is very bullish right now. And Worden Brothers, who are pretty good at short term trends, are also very bullish.

So my guess is that the short-term ( weeks ) market rally will continue -- and I would caution anyone not to bet heavily against it.

Interestingly, my Fedelity select defense mutual fund -- of which I follow a stock composite so that I can get volume trends, shows the same bullish pattern. Further, the negative volume index is trending positively. I have made 10% in my select defense holdings since the current rally began. I missed the Oil rally ( rats! ) but now that one is not so easy to read.

On that note, I would like to express my appreciation to everyone last night who resolved the issue of the Auto sales trend in the US. I think a reasonable consesnus is that they are still up from last year, but that the amount of special deals the manufacturers have to offer to get buyers is apparently a record. It seems also that the personal savings rate in the US has dropped dramatically - this needs to be confirmed from other sources -- but I am pretty sure it is correct. Thus it is a good guess that auto sales will be reduced significantly by this time next year -- how can the manufacturers drum up any more business next year if they have already depleted the markets of any potential new car buyers with all of these incredible deals?

What do I think of all this? We are approaching a major recession in the US, and the effect of this will probably hit the US markets within 6 months or so. Undoubtedly AG knows this. Hence he must lower rates some more, or at the very least expand the money supply. This reminds me of the 1991-1993 situation when we had a gold rally during the fiscal stimulus created to bring us out of the last recession. This time may be as good for gold if AG can expand the money supply fast enough.

It will be interesting to see how AG deals with this problem, as we are moving from a period in the US where corporate incomes were enhanced significantly due to increased efficiency from computerization, to a period where costs due to the y2k problem will decrease earnings. And, we know that there are many other serious factors that will be a drag on the economy.

If gold does not go up, that is a likely sign that AG did not expand the money supply fast enough, and we may be headed for a depression.

So -- it is hard to imagine that this market bull phase will last too much longer, even if we do reach DOW 10,000. Could be we are approaching the final blowoff of this long-term rally.

Must have been you that posted 'Little Hunter, way back when.

Auric: Where on earth did I see that recently ? I think it might have been on television, no joke, that exact saying. I just have no idea what it meant because I can't remember the context.