Sold half my physical this weekend for a small profit.

the comp.software.year-2000 usenet group. He claims towering

computer credentials and his arguments of doom are pretty

tight. A deja news search ( http://www.dejanews.com/ ) will

give you more than you want to know about his theories.

He's great fun.

Chuckle, chuckle, chuckle.............

Always have time for gold..... infact.....

I have recently developed a Geographical Information System ( GIS ) to source and locate historical turn of the centuary gold mining tenements ( long abandoned ) relative to current ownership.

The theory goes:

1. presently, current ownersof tenements may not know the location of the old tenements, and may not be undertaking active exploration, in the majority of cases, of those current tenements.

2. correspondingly, the current owners do not necessarily know the location of the old tenements, nor of the historical production - all turn of the centuary, when GOLD was a standard.

3. ALL you have to do is cross reference the old with the new, classify the old tenements via Kg of gold produced, and BINGO...... some 640 old locations are identified which produced in excess of 100Kg of GOLD

Now, 100 Kg ( minimum ) of GOLD is US$ 1 million..........time to make some money.........

Och aye the nooooooooooo...........

Haggis

EJ: I was thinking in terms of the currency - if Brazil devalued the Real, imports would become much more expensive for Brazilians, and exports would get cheaper for foreign folks, thus making them more competitive vs. the US and hurting US exports.

Bad timing with Mainland China failing to keep current with foreign currency transactions.

Why do I still get that nagging sensation that the last ( deflationary ) gold bullion fire sale hasn't happened yet?

What would happen to all of those star Internet companies, if a major 'long distance' charge was legislated on all internet traffic? Later, I would guess that the more distant communications might incur a higher charge, as well. When will the 'free' party end?

Anyone know what is happening in Europe or Asia?

Next year, however -- the sunspot pattern will peak ( markets tend to drop statistically ) , y2k anxieties ( perceived or real ) will stir things up, and deflationary forces may increase some more in the USA. And -- criminal charges against others in the Clinton crowd -- even if impeachment fails. Kenneth Starr will be active another 2 years if WJC fails to step down.

My guess is a massive head and shoulders.

But -- my advice is worth just what you paid for it!

This won't go away, will it? Perhaps our leaders will have to tell the truth someday. There is a first for everything. Somehow, I think the truth will only be forced out, and on this matter I would guess that many individuals would not want a Vince Foster coverup scandal to come out.

But -- if WJC's secret supporters finally decide that he is not an asset, but a liability -- there is alot that could be leaked that would embarrass him. Monicagate would look like a picnic.

http://www.federal.com/nov30-98/Service.html

It is unfortunate that we only have the likes of Matt Drudge and World Net Daily -- not ones closer to the action, like Woodward and Bernstein of WaterGate fame. All the Woodwards and Bernsteins of the 90's have been intimidated by the monlithic newsmedia bosses, who answer to 'the establishment'.

All Gold Index Opens Higher

JOHANNESBURG, South Africa -- The All Gold Index advanced in early trading Monday, while the All Share and Industrial indexes followed certain Asian equities markets into negative territory.

Shortly after trading began at the Johannesburg Stock Exchange, the All Gold Index was up 3.80 at 1036. However, the All Share Index dropped 47 points to 5608.70 and the Industrial Index was down 65.50 at 6284.40.

On Monday, Hong Kong's blue-chip Hang Seng Index tumbled 3.16%, while Tokyo's Nikkei 225-stock average closed down 1.23%. Sanlam was unchanged at 6 rand. It was the most actively traded stock so far in the session, with more that 27 million of its shares changing hands. Monday marks the debut of Sanlam, ending its transformation from a mutual society. Sanlam is one of South Africa's largest insurance and asset-management groups.

Greg Potter, head of international trading at BOE Securities Ltd., attributed the heavy trading in Sanlam to former policyholders cashing in their free Sanlam shares.

Among other issues, Liberty Strategic Investments, or Libsil, soared 65 cents to 12.50 rand. On Monday, Liberty Life announced that substantial interests of Libsil, the investment holding arm of the Liberty Life group, will be distributed to shareholders as part of a broad reorganization of the group.

Meanwhile, investors kept an eye on shares of gold producer Western Areas, which is expected to announce the details of a tie-up with Canadian mining group Placer Dome later in the day.

I am probably very foolish, but I have these visions of gold going up, triggerig a stop as it comes back down, I buy puts and calls, and the Central Banks try just a bit too hard and gold drops to below my puts and triggers stops on the way up. Well on and on...

Of course everyone knows that in December of 99 gold will go for $296.70

ah well, it's a fun game even if I don't win.

To top it all off, I have contracted a very serious case of milleniumism my self.

I suspect that people with a certain mindset might be the ones buying the calls. Think about it, Dec99 until recently was longest out date listed on comex, ( conservative ) or just before the end ( y2k ) call $390: gold is money and it ought to reflect that ( conservative ) or the banks will fail the dollar worthless, only gold maybe silver ( y2k )

after reading kitco for a bit I have heard alot about y2k, and I have started to believe, so I go to a y2k mailing list, guess what they are talking about... they talk about gold as much as kitco talks about y2k.

I suspect this reflects two sides of a single type of mindset.

The dec99 c390 is so out there that it's almost definative of what kind of person you are.

Are you a OG 12 99 C 390 kinda guy?

You wrote about the volume of dec99 390 calls, implying that people who know are buying them, and that gold is going to go up alot.

I hope you are right, really I do, but...

I am one of the people who purchased dec99 390 calls. You can look back over kitco and determine for yourself if I am a trader, an insider, or a foolish paranoid newbie goldbug who hasn't a clue that the price of gold will be between 294 and 297 forever unless it drops down to 250 just for fun.

I hope your right, I hope that the number of dec99 call options indicates that very smart people think gold will go up, or better that people who know for certain that gold will go up. But I wonder if foolish paranoid newbie goldbugs would be able to buy that many calls? The day before I bought volume was 574, the day I bought it was 1200 or so and the day after it was something like 1750.

It would be nice to think I am running with big dogs, but it's more likely that I am part of a very large herd of stupid puppies.

I have done a search, and I found a web page that mentions this exact option. It's a y2k webpage. I think the y2k crowd has been buying them. Which seems strange, since I started to take y2k seriously I have cared less about my gold options and more about buying physical beans and rice.

Is there anyway to tell how big of lots these options sold in? I mean was it 1-20 contracts at a time or blocks of 7500?

If people are at the position limits for an option is that info available anywhere?

QRU?