Why does the president even need Congress or the Judicial branches of the government?

My antennae are tingling -- has WJC managed to achieve more autonomy than most presidents since the time of FDR? And -- we are not in a state of emergency as far as I can tell.

Now -- I have no problem with supporting Russia during their time of need -- but the support must be sparing and focused to do the most good. And -- I thought that was the role of the IMF.

Finally, many individuals are trying to dismantle the independent cousel provision, which apparently expires next year. Are these individuals who recommend the end of the independent counsel resolution really thinking of the best interests of the United States, or are they under the employ of the executive branch?

This is frightening -- good thing WJC is not what he could be. Things could be much worse if all of that sexual energy was focused on gathering power instead.

EJ - hang in there on xsysc ( ya have to now, eh? ;- ) ) ........one of two things will happen.............. and ya know what camp I'm in.......If they go belly-up?......oh well........move to the next. Don't blame astrology, or your broker, or your next door neighbors dog that keeps you awake at night.......... ( I'm not saying you do but it seems to be apropos tonight ) . I do not see belly up for these guys........but then again......................

swp1 - CRK, TMAR, EEC, OPEN, XSYSC, WPOG, KOGC not in any particular order................if you had bought the whole lot of em you would be in good profits if you had been nimble ( which is what it takes ) . The oily stox should come around next year, no?

Sorry Mike for being your mouthpiece tonight and I apologize if I said anything incorrectly.......go gold.

away...to the couch for a nice read

Éß

I would guess that the smaller or more insecure CB's have to physically transfer the gold to the bullion banks or traders. I doubt that the Russian CB would get the opportunity to trade in the gold markets at all, unless they physically loaned gold as collateral.

I remember F Veneroso saying that there were about 8,000 tonnes of gold loans -- and he reasoned that given this high volume, the gold shorts would have to capitulate. Now we are a little wiser, and realize that 'the powers that be' mught very well loan out the rest of their gold to keep the game going -- I think the number available to the CB's is closer to 14,000 tonnes. And -- we know AG has threatened to throw options trades at the gold markets if gold 'rises too fast'. We know he can do this, and probably would until he ran out of gold -- if he thought the world financial system was threatened. Also -- we know that the deflationary trend of the last two years or so has made the work of the CB gold bears much easier.

But -- every crisis nibbles away at the reserves. And, when the gold has to be 'given' back the financial strength of the bullion bank or big trader comes into play -- not just the CB that loaned the gold. The big CB that 'loaned' the gold is in better shape if the bullion bank or trader folds, but the smaller or financially weak CB could be in deep trouble.

My guess is that the dollar/gold carry or similar trade has not yet fully unwound. When it does, the weaker CB's will get caught and we will have a flurry of gold 'fire sales' -- we had some already. And -- as someone mentioned tonight, those gold 'sales' occured months to years before -- and the response of the gold market based more on the response to the rumor of the sale rather than fact.

I guess what we need to do is simply watch the dollar/gold relationship for the dollar/gold carry. The US dollar should drop precipously if this trade is being unwound quickly.

One more item -- we know AG must continue to inflate the US dollar, or face an even worse threat than inflation - depression. In ordinary recessionary times, we would expect the price of gold to rise like clockwork, as it did in 1993-1994. Unfortunately it is not that simple now, because if AG fails to inflate the US dollar quickly enough, the dollar price of gold may continue to drop as we spiral down into a recession, and worse. So -- at the very least, AG must keep the price of gold from dropping below a certain minimum, or he risks financial oblivion of a far more dangerous kind than that generated by inflation. His and our goose is cooked if the new liquidity he creates goes into the markets, rather than pushing up the price of gold. Of course, he can unwind some of the options trades that have pushed down the price of gold all of these years.

I think this is good news -- we must have a bottom in the price of gold ( in US dollars ) or we face financial oblivion. AG is quite aware that all this dollar/gold manipulation has a price -- he and the other CB's ( with he help of the gold producers ) must unwind their gold trades very carefully when they do -- as any mistakes will be very costly.

bottom we have yet to see

Take that to the bank. ( ¡ohmy! )

btw -

CRK - making a move? go sheller picks go!

http://chart1.bigcharts.com:80/report?r=cobrand&site=avidtrader&onbad=cobrandsymb&symb=crk&time=3&uf=0&sid=1354&sec=c&xyz=112198124&s=5387

btw-btw - I put some cashy on a Sheller pick today......xsys at 7/32.......just over 3,000 shares.......from money found in the couch ;- ) ..............let's see how this one pops...........c'mon planet dude!! http://chart1.bigcharts.com:80/report?r=cobrand&site=avidtrader&onbad=cobrandsymb&symb=xsysc&time=20&uf=0&sid=9200&sec=c&xyz=113229983&s=3610

look at the similarity between these charts.......Mike says that they have VERY similar horoscopes......sure looks that way to me.......and who says this planet thingy ain't got nothin to it...........oh well.

http://chart1.bigcharts.com:80/report?r=cobrand&site=avidtrader&onbad=cobrandsymb&symb=cnpgf&time=20&uf=0&sid=465&sec=c&xyz=113396936&s=18197 btw ( again ) .......this is a gold mine ( stock ) .....

lookin for a pop here too This looks as good a play as any............

( all sheller disclaimers apply ) ..................... ( EB disclaimers too ) ............

away......to w/w

Éß

NEVER LISTEN TO ENVY FOR INVESTMENT ADVICE

During the deflationary collapse, however, gold started to rise relative to commodity prices, just as it is doing right now.

We must be patient -- and make sure we are always on the right side of the market turmoil.

The drop in commodity prices is occuring despite a dropping US dollar.

Which effect is going to dominate? The bullish effect on gold of a dropping dollar, or the bearish effect of plummeting commodity prices?

We must be on our toes, regardless.

And -- to think I bought some more gold equities today, because of pending impeachment proceedings? Am I to regret this?

http://www.creators.com/opinion/pundits/sno.asp

One of my colleagues was boasting to me about how much the markets had gone up in the last week. I said, 'Looks like WJC will be impeached'. His response was: 'Looks that way, doesn't it. If WJC is impeached the market may crash, and the American people will be very upset -- at Congress, not at the President'. I thought -- perhaps, perhaps not.

I didn't say anything. In retrospect, what I should have said: 'If this is what it takes to bring honor back to the highest office in the land, so be it'.

I think part of the problem is that the 'real dirt' is known to many Washington insders, but few want it to come out in the open. If more scandals do not come out, it may well look like the Republicans are the 'bad guys', not the president.

We did survive the Nixon impeachment. We will survive this, sadder but wiser.

Now, what really worries me is the talk about ending the 'independent counsel' law next year. Yes -- it is painful to go through the impeachment process. But think what it would be like if Janet Reno was handling even more.

I suspect the end of the independent cousel will be the end our our democratic government, as then there then will be no effective way to bring down a runaway president.

is widening, expanding, devouring

gathering strength

Haiku II

In this economic climate

raise your interest rate

to match the American's

Haiku III

As a measure

to stimulate spending,

raise your interest rate

The Frowning Buddha

He looks down with disdain

upon the Japanese politician

for his myopic thinking

Seems a lot of farmers will be ruined and stop breeding.

The CRB index is down to 19250.

This is indeed a strong sign of deflation.

So far, gold is keeping it's price level constant. These days, gold proves at least one thing: it doesn't behave like a commodity. It behaves more like money, but not yet quite.

You know, if we have such a 'civilized' society, why are they so worried about the black out by the bay...........

away......to fly to the island that is long

Éßird,noplane,nosupergoldbugbear......;- )

but unlike the general I would not wish anyone dead before his 'time'.............. ( whatever time that is ) ?

btw....... ( this is stolen from someone....don't know who ) ....I would like to know where I'm gonna die.....so I know NEVER to go there.

now, get out there and SELL THE RALLIES!! go golF!

away.....to grind ophthalmic lenses to 'give' my 'merkan friends 20/20 vision....... ( working on a 20/20 hindsight lens ) ......... :- )

Éß

RJ ( ..... Lying Sack-O-Gunny ..... ) ID#411259:

Copyright © 1998 RJ/Kitco Inc. All rights reserved

Gunny,

Sounds to me as if you invested some money and lost some money.

Sad to read, that you did not do your homework, most here would, and have.

What happened, did the price move against you?

And it is all somebody else's fault, yes?

Is this the story you are trying to sell on this forum?

High, my name is Gunny, and I blame others for what I do.

Oh woe unto me, for the price moved against me.

How does this turn into lies and deceit? You have told five verifiable untruths, that I can prove. The recipients of your shady and untrue campaign have been forwarding you poorly written e-mails for months. But you will shout to all that it is all somebody else's fault.

Can I have a show of hands of all those who care a wit about this little ferret's smear campaign? It has been going on for almost 6 months, although most here don't realize that, because they skip right over the gun toting one's mysterious and oh so sneaky words.

Why are you so afraid, Gunny? Why do you speak in riddles? Why do you sit in the corner for six months, only to crawl out on your belly, make your cowardly and untrue attacks, and then crawl back into your own dried up puddle of urine to moan and cry and wail and lament that everything everywhere is all somebody else's fault?

I am willing to bet that you have similar problems with everyone you meet. Everybody screws up but you, yes? Do you follow advice when given to you? Were you advised to do trades that would limit your losses, nay, even gain you profits? Did you refuse this good advice? I rather think you would rather blame and point fingers at all sorts of folks, and carry on a cowardly sneaky e-mail campaign. It is no wonder that some folks will have nothing to do with you.

You are a sneak

You are a coward.

You are a liar

You act like a child

You are very unpleasant

You smell

Thus do I apprise you, lad.

Let's really get this thing going, now folks. I have had enough of this weasel of a guttersnipe and his yellow bellied attacks. We will set this straight, or we will fall in the attempt, yes?

Yes.

PS

Gunny, I gave you six months. I give you no more. Your attacks will stop. Count on it.

Indeedy and Righty O…….. you stupid fool.

OK

To the rest of the High and Mighty

Were are the words of scorn and derision towards Gunny, by the same folks who complain about me whenever I defend myself far better than the attacker attacked? Your words are being held back for some reason. This is an obvious and unwarranted attack by the rabid gun moll. Where are the folks to tell him to take his crap elsewhere? If you keep silent this night, then you are as shallow as I have always suspected. If these same folks wish to take me to task for this post, beware. I am in a jolly mood, and would love to snack on a few skulls, and gnaw on the cartilage this evening. I'm just getting warmed up.

Yep.

Oh yeah, I will be gone for a time. Other's may take up my noble cause.

I am sure they will.

Uh Huh

.

.

.

.

Well, now, yes ... Wasn't that pleasant? Just who did he mean by rest of the High and Mighty? The rest of the goldbugs on this forum? Inquiring minds want to know.

Belittle me with your lies and psycho-ops tactics all you want, RJ. It just keeps proving what kind of a nice sales-clerk person you really are... And a wonderful spokesman for the company who employs you.

Yes folks - buy gold from this nice fellow. He works HARD for his money here at Kitco. GO, you sales-clerk, GO!

Indeedy

Oh, and go gold!

Now I know why WJC et al are worried about a sealed indictment Starr submitted to some Judge ( whose name I have forgotten ) . The rationale goes like this: If WJC is impeached, and removed by the Senate, Kenneth Starr can then press criminal charges. No wonder WJC's lawyers are running at full steam! ( Panic? )

Now if a sealed indictment of some kind is really sitting in some Judges office, WJC is in trouble regardless, as the criminal proceedings would then begin after he steps down, anyway ( IMHO ) . Just imagine what kind of pressure that ( named ) judge must be under -- of course, he/she could deny that he has any sealed papers. On the other hand, WJC et al undoubtedly have infiltrated Kenneth Starr's organization.

It is just like a lawyer to fight the impeachment proceedings to prevent exposure of the sealed indictment ( if it exists ) . Why worry about the news coming out eventually -- that is secondary. The primary function of the ( defense ) lawyers is to postpone the process. Concepts of guilt and innocence are only a matter of who can prove what to a defense lawyer. Forget the truth. I think is is extremely distateful that WJC thinks so little of the American people that truth is not an issue. Just legal definition of right and wrong. Reminds me of Spiro T. Agnew.

All: My assessment regarding all of this is that WJC is in deep trouble, regardless. I doubt that the anti-impeachment forces will succeed in getting the House to censure the president.

Is the independent cousel law an abuse of power? I think not. After all, the last time an independent counsel got this far was during the time of Nixon. And WJC has done much more to abuse the system than Nixon ever did. Hence I do not consider the current situation an abuse of power by the Executive/Judicial brannches -- too bad Janet Reno is gumming up the works, even if the FBI director has repeated his concerns about conflict of interest.

Any comments from the legal eagles? Are there any statutes of limitation where sealed indictments expire if not acted upon in a timely fashion?

If I am right, it is time to increase gold holdings.

Talk about being functionally illiterate!

We elected WJC.

QED

Thanks RJ -- for letting us know.