So the CBs store and guard their gold and charge no one for
the service? Sounds strange they don't charge some kind of
rent, especially after going to all the trouble of building
huge vaults, etc. If they do charge a fee they don't cover
their costs. Who owns the gold anyway? Surely not the
politicians, they have trouble keeping their pants zipped up
and not sending our young men into European battles.
The gold market is not cornered by the C. Banks.

So the CBs store and guard their gold and charge no one for
the service? Sounds strange they don't charge some kind of
rent, especially after going to all the trouble of building
huge vaults, etc. If they do charge a fee they don't cover
their costs. Who owns the gold anyway? Surely not the
politicians, they have trouble keeping their pants zipped up
and not sending our young men into European battles.
The gold market is not cornered by the C. Banks.

Look for the Russians to announce resumption of palladium shipments next week with barely enough to undersatisfy current demand. Every major price move in the last two months has been preceeded by announcements from Russia. Forget about production or stockpiles, they have been sellers at the highs - announce everything is OK, supplies will meet demands, and buyers at the lows - silence or cautious optimism. Who needs to produce palladium when you can pay for your low priced deliveries with massive profits from your shorts? This has been one of the most beautifully manipulated markets I have seen in the last decade. $250 palladium is a lock, probably by Friday. There will be Japanese traders jumping out of windows tonight when they find it next to impossible to cover shorts. Profit taking ( finally ) will not take it below $200. look for $275 before the month is out. For those of you worried about stockpiles, they are nearly nonexsistant - 2 years max. Norilsk is opperating at 25% tops. Unpaid miners dig with broken machinery. Western money is too spread out to even begin to rebuild infastructure. Only those with hot blood and money to burn will play palladium. For those of you looking for a real play, look for platinum to repeat the 1986 - 1990 levels. The $420's will be a distant memory of bargin basement levels by August. Can platinum top $500 and stay there for awhile? Not the first time, nor the second, but it can and will. South Africa can smell the money and they will come out to play soon. $450 in June. Save this message and remember you were advised in advance.

Look for the Russians to announce resumption of palladium shipments next week with barely enough to undersatisfy current demand. Every major price move in the last two months has been preceeded by announcements from Russia. Forget about production or stockpiles, they have been sellers at the highs - announce everything is OK, supplies will meet demands, and buyers at the lows - silence or cautious optimism. Who needs to produce palladium when you can pay for your low priced deliveries with massive profits from your shorts? This has been one of the most beautifully manipulated markets I have seen in the last decade. $250 palladium is a lock, probably by Friday. There will be Japanese traders jumping out of windows tonight when they find it next to impossible to cover shorts. Profit taking ( finally ) will not take it below $200. look for $275 before the month is out. For those of you worried about stockpiles, they are nearly nonexsistant - 2 years max. Norilsk is opperating at 25% tops. Unpaid miners dig with broken machinery. Western money is too spread out to even begin to rebuild infastructure. Only those with hot blood and money to burn will play palladium. For those of you looking for a real play, look for platinum to repeat the 1986 - 1990 levels. The $420's will be a distant memory of bargin basement levels by August. Can platinum top $500 and stay there for awhile? Not the first time, nor the second, but it can and will. South Africa can smell the money and they will come out to play soon. $450 in June. Save this message and remember you were advised in advance.

RJ: Your post re Palladium makes sense. If a single seller can control the market, they will manipulate for maximum value.

RJ: Your post re Palladium makes sense. If a single seller can control the market, they will manipulate for maximum value.

"night all...You too Ted!

For Duncan - Joel hedges 50%. Im not sure but I believe DD does not
hedge at all.
For ARS in Mexico. That a very tough question. DD loses money at the
present gold price but will almost double production in September which
should give some economy of scale.
Blyvoor is close to breakeven at present gold price but also have
projects in place to lower cost.
Buffles still profitable at present gold price.
Merger itself should provide additional scale economy which should
lower costs still further

For Duncan - Joel hedges 50%. Im not sure but I believe DD does not
hedge at all.
For ARS in Mexico. That a very tough question. DD loses money at the
present gold price but will almost double production in September which
should give some economy of scale.
Blyvoor is close to breakeven at present gold price but also have
projects in place to lower cost.
Buffles still profitable at present gold price.
Merger itself should provide additional scale economy which should
lower costs still further

"night all...You too Ted!

To all
Having just reread my earlier post on the dbn-deep merger, and at
the risk of starting a big argument, I believe that Barrick is one of
the most over priced stocks in the world based on cost of capacity amd
cost per ounce of reserves. On the subject of their vaunted management,
these guys almost bought into Bre-X ( if anyone remembers ) .
I believe that if Barrick had any imagination, brains, or B***S, they
would be in South Africa offerring three times market value for durban
deep right now. Are the wittle boobies afwaid of getting mugged in Joberg ??

To all
Having just reread my earlier post on the dbn-deep merger, and at
the risk of starting a big argument, I believe that Barrick is one of
the most over priced stocks in the world based on cost of capacity amd
cost per ounce of reserves. On the subject of their vaunted management,
these guys almost bought into Bre-X ( if anyone remembers ) .
I believe that if Barrick had any imagination, brains, or B***S, they
would be in South Africa offerring three times market value for durban
deep right now. Are the wittle boobies afwaid of getting mugged in Joberg ??

My doctor advised me to watch my salt intake, since my blood pressure was too high. However it's very difficult, since I take so many grains of salt reading Kitkoites posts.

Since you've been waiting for my latest readings, with baited breath, here are a few thoughts for y'all;-

When last reporting, I thought the CRB would get to 260 range it didn't, and now that a correction is proceeding, I believe it's almost over, and it sure was a quicky. We're now at 247, and the 244 range should be it.

The long term gold charts looks like we should be starting our move up from these levels shortly, maybe a few more days to a week. I don't believe we'll be flying just yet, but maybe by July- August. The move may in some cases take up to September- November, before correcting.
Some of you have had the opinion, which I respect, that we're headed for the $330 range before moving up. Sorry, but just can't see this, unless something weird should happen, and that has been known to happen on occasion.

Some of the near term charts, like HM,PDG, BGO,GLG-etc. I believe should start up today or in the next day or two.

The XOI, and Crude, should begin to correct from these levels, but maybe not very far. Hard to tell.

The markets should also correct from these levels, and again after that I can't tell. I say this because I see accumulation and bottom formation in quite a few stocks that I follow, so maybe the small caps still have a move up to make before the big bad BEAR starts to roar for real.

Any comments?

Short Bull- didn't see you latest, what happened?

My doctor advised me to watch my salt intake, since my blood pressure was too high. However it's very difficult, since I take so many grains of salt reading Kitkoites posts.

Since you've been waiting for my latest readings, with baited breath, here are a few thoughts for y'all;-

When last reporting, I thought the CRB would get to 260 range it didn't, and now that a correction is proceeding, I believe it's almost over, and it sure was a quicky. We're now at 247, and the 244 range should be it.

The long term gold charts looks like we should be starting our move up from these levels shortly, maybe a few more days to a week. I don't believe we'll be flying just yet, but maybe by July- August. The move may in some cases take up to September- November, before correcting.
Some of you have had the opinion, which I respect, that we're headed for the $330 range before moving up. Sorry, but just can't see this, unless something weird should happen, and that has been known to happen on occasion.

Some of the near term charts, like HM,PDG, BGO,GLG-etc. I believe should start up today or in the next day or two.

The XOI, and Crude, should begin to correct from these levels, but maybe not very far. Hard to tell.

The markets should also correct from these levels, and again after that I can't tell. I say this because I see accumulation and bottom formation in quite a few stocks that I follow, so maybe the small caps still have a move up to make before the big bad BEAR starts to roar for real.

Any comments?

Short Bull- didn't see you latest, what happened?

It seems my thought come in short pants-

Recently Short Bull suggested to check out a stock called Caledonia Mng.
I did and lo&behold it looked interestin, so I added it to my list of companies which I chart and watch, and in yesterdays lower price action, would you believe this one bucked the trend. Check it out. It looks good once a larger base has been made, but then one can never tell, it may not wait to base.

The credit to Short Bull- the cash to me.

It seems my thought come in short pants-

Recently Short Bull suggested to check out a stock called Caledonia Mng.
I did and lo&behold it looked interestin, so I added it to my list of companies which I chart and watch, and in yesterdays lower price action, would you believe this one bucked the trend. Check it out. It looks good once a larger base has been made, but then one can never tell, it may not wait to base.

The credit to Short Bull- the cash to me.

George S. Cole:
Thanks for the LGN post. A month ago or so, LGN issued an e-mail to me stating that would be the last newletter update. I tried sending them several e-mails asking if I would receive a refund as I had paid them $500 for a Lifetime subscription. They initially told me that I could get a full refund if if wasn't satisfied with the surface. Needless to say, they would not respond to any of my e-mail messages. Do you know if they are back in business? Are they once again issuing a newsletter to subscribers? Would you happen to have there telephone number? I would much appreciate any information you may have.
Thankyou.

Charlse

George S. Cole:
Thanks for the LGN post. A month ago or so, LGN issued an e-mail to me stating that would be the last newletter update. I tried sending them several e-mails asking if I would receive a refund as I had paid them $500 for a Lifetime subscription. They initially told me that I could get a full refund if if wasn't satisfied with the surface. Needless to say, they would not respond to any of my e-mail messages. Do you know if they are back in business? Are they once again issuing a newsletter to subscribers? Would you happen to have there telephone number? I would much appreciate any information you may have.
Thankyou.

Charlse

PS.
Silver will take a run at $5.00 in the next couple weeks, if it breaks through, $5.40 soon. Gold is done for this year. $350 is screaming short and $325 may not be the low, but I doubt it will break $300. I have traded enogh gold in my time to think it deserves a descent christian burial, but that will just create a martyr. Instead, I will be repectful and kind and lay piles of straw at the bottom for a hopefully soft landing. A dear friend, so injured now, can still draw from afar, resources to breath life where litte resides, but enough to always not ignore. I know There are numerous markers out there that we may collect for the sicly yellow lass as we set he genly on the straw. We will hear her stories ( most of which we've heard too may times ) and pat her nuggets. With a blown kiss and encouragement to rest easy tonight, we will depart for business.
We will sell her for her beauty,
we will sell her for her class,
we will sell her because she is
Our little golden lass.
One day we may buy
But for the life of us all
Who among us knows why?????
I trade millions every week ( my clients $, not my own ) in the three beautiful metals with some rolls of the dice in palladium.I speak with traders on the floor, and traders up above. When I have concerns over near term disruptions in supply, We are mor likley to be found having luch and a game of darts in some mock pub with the South African Ammbasador. It's nice to know what he thinks, only as it is possible to rely that our understanding of their thougts carry less self service than any other who proposes to love and cherish through good to bad.I'm a new guy here but I trade lots-o-metals every day. I have read these postings off and on for months with nary a single desire to post but I'm having too much fun and see too much ahead to remain silent.I count amonng my brethren those who were compelled to buy platinum and short gold on that magical day last Decenmber when platinum dipped below gold. My true brothers were not fooled by platinum tracking gold dollor for dollor and held, and held, and hold untill today when they will hold some more. $75 spread is not nearly enough to reward the courage it took to stay. Gold/platinum spread will rise to to $100 for the first time in almost a decade. It's still a play, butwith some of the bottom gone, a slighly more meager one, albeit with acceptable returns. What the hell, the risk is almost nonexsistent. I'm a new guy in this group, I know. I will comport myself with dignity and hope to have extended to me the hospitallity you have. There comes a time in which our indroduction to the world cements certain expectations. We will talk of those next time.

RJ

PSS.
This is what I do for a living. Only metals, I love It. I have persoally move the markect my self recently. Let me know if you would like a no
bgs take on the market

PS.
Silver will take a run at $5.00 in the next couple weeks, if it breaks through, $5.40 soon. Gold is done for this year. $350 is screaming short and $325 may not be the low, but I doubt it will break $300. I have traded enogh gold in my time to think it deserves a descent christian burial, but that will just create a martyr. Instead, I will be repectful and kind and lay piles of straw at the bottom for a hopefully soft landing. A dear friend, so injured now, can still draw from afar, resources to breath life where litte resides, but enough to always not ignore. I know There are numerous markers out there that we may collect for the sicly yellow lass as we set he genly on the straw. We will hear her stories ( most of which we've heard too may times ) and pat her nuggets. With a blown kiss and encouragement to rest easy tonight, we will depart for business.
We will sell her for her beauty,
we will sell her for her class,
we will sell her because she is
Our little golden lass.
One day we may buy
But for the life of us all
Who among us knows why?????
I trade millions every week ( my clients $, not my own ) in the three beautiful metals with some rolls of the dice in palladium.I speak with traders on the floor, and traders up above. When I have concerns over near term disruptions in supply, We are mor likley to be found having luch and a game of darts in some mock pub with the South African Ammbasador. It's nice to know what he thinks, only as it is possible to rely that our understanding of their thougts carry less self service than any other who proposes to love and cherish through good to bad.I'm a new guy here but I trade lots-o-metals every day. I have read these postings off and on for months with nary a single desire to post but I'm having too much fun and see too much ahead to remain silent.I count amonng my brethren those who were compelled to buy platinum and short gold on that magical day last Decenmber when platinum dipped below gold. My true brothers were not fooled by platinum tracking gold dollor for dollor and held, and held, and hold untill today when they will hold some more. $75 spread is not nearly enough to reward the courage it took to stay. Gold/platinum spread will rise to to $100 for

PS.
Silver will take a run at $5.00 in the next couple weeks, if it breaks through, $5.40 soon. Gold is done for this year. $350 is screaming short and $325 may not be the low, but I doubt it will break $300. I have traded enogh gold in my time to think it deserves a descent christian burial, but that will just create a martyr. Instead, I will be repectful and kind and lay piles of straw at the bottom for a hopefully soft landing. A dear friend, so injured now, can still draw from afar, resources to breath life where litte resides, but enough to always not ignore. I know There are numerous markers out there that we may collect for the sicly yellow lass as we set he genly on the straw. We will hear her stories ( most of which we've heard too may times ) and pat her nuggets. With a blown kiss and encouragement to rest easy tonight, we will depart for business.
We will sell her for her beauty,
we will sell her for her class,
we will sell her because she is
Our little golden lass.
One day we may buy
But for the life of us all
Who among us knows why?????
I trade millions every week ( my clients $, not my own ) in the three beautiful metals with some rolls of the dice in palladium.I speak with traders on the floor, and traders up above. When I have concerns over near term disruptions in supply, We are mor likley to be found having luch and a game of darts in some mock pub with the South African Ammbasador. It's nice to know what he thinks, only as it is possible to rely that our understanding of their thougts carry less self service than any other who proposes to love and cherish through good to bad.I'm a new guy here but I trade lots-o-metals every day. I have read these postings off and on for months with nary a single desire to post but I'm having too much fun and see too much ahead to remain silent.I count amonng my brethren those who were compelled to buy platinum and short gold on that magical day last Decenmber when platinum dipped below gold. My true brothers were not fooled by platinum tracking gold dollor for dollor and held, and held, and hold untill today when they will hold some more. $75 spread is not nearly enough to reward the courage it took to stay. Gold/platinum spread will rise to to $100 for

PS.
Silver will take a run at $5.00 in the next couple weeks, if it breaks through, $5.40 soon. Gold is done for this year. $350 is screaming short and $325 may not be the low, but I doubt it will break $300. I have traded enogh gold in my time to think it deserves a descent christian burial, but that will just create a martyr. Instead, I will be repectful and kind and lay piles of straw at the bottom for a hopefully soft landing. A dear friend, so injured now, can still draw from afar, resources to breath life where litte resides, but enough to always not ignore. I know There are numerous markers out there that we may collect for the sicly yellow lass as we set he genly on the straw. We will hear her stories ( most of which we've heard too may times ) and pat her nuggets. With a blown kiss and encouragement to rest easy tonight, we will depart for business.
We will sell her for her beauty,
we will sell her for her class,
we will sell her because she is
Our little golden lass.
One day we may buy
But for the life of us all
Who among us knows why?????
I trade millions every week ( my clients $, not my own ) in the three beautiful metals with some rolls of the dice in palladium.I speak with traders on the floor, and traders up above. When I have concerns over near term disruptions in supply, We are mor likley to be found having luch and a game of darts in some mock pub with the South African Ammbasador. It's nice to know what he thinks, only as it is possible to rely that our understanding of their thougts carry less self service than any other who proposes to love and cherish through good to bad.I'm a new guy here but I trade lots-o-metals every day. I have read these postings off and on for months with nary a single desire to post but I'm having too much fun and see too much ahead to remain silent.I count amonng my brethren those who were compelled to buy platinum and short gold on that magical day last Decenmber when platinum dipped below gold. My true brothers were not fooled by platinum tracking gold dollor for dollor and held, and held, and hold untill today when they will hold some more. $75 spread is not nearly enough to reward the courage it took to stay. Gold/platinum spread will rise to to $100 for the first time in almost a decade. It's still a play, butwith some of the bottom gone, a slighly more meager one, albeit with acceptable returns. What the hell, the risk is almost nonexsistent. I'm a new guy in this group, I know. I will comport myself with dignity and hope to have extended to me the hospitallity you have. There comes a time in which our indroduction to the world cements certain expectations. We will talk of those next time.

RJ

PSS.
This is what I do for a living. Only metals, I love It. I have persoally move the markect my self recently. Let me know if you would like a no
bgs take on the market

Fidelity Select American Gold Chart, hourly prices in percent,
seven hours ( prices ) per day, for ten days.
http://www.geocities.com/WallStreet/5969/aghr.gif

Fidelity Select American Gold Chart, hourly prices in percent,
seven hours ( prices ) per day, for ten days.
http://www.geocities.com/WallStreet/5969/aghr.gif

RJ.... WELCOME ABOARD!

RJ.... WELCOME ABOARD!

I'm sorry, RJ, but I just dont see the logic: you are forecasting a 15% rise in Silver and an additional 10% rise in Platinum in June, but a decline in gold . How can the white metals rise that much and the yellow one decline at the same time?

I'm sorry, RJ, but I just dont see the logic: you are forecasting a 15% rise in Silver and an additional 10% rise in Platinum in June, but a decline in gold . How can the white metals rise that much and the yellow one decline at the same time?

Yellowdog,
It's simple. Gold will decline, silver will rise. Don't be shocked, it happanes all the time. With the twin spetres of German & Swiss central bank wanting to "revalue their gold reserves. This is all prepretory to some acctual gold sales from these major counmtries this year. Forget about price ratios, forget about inflation or any other thing on the rest of the earth. If you don't believe that central eurpoe will forever cap gold this year, look to place some shorts. The Swiss and the Germans both are attempting to raise lease rates, their attempted revalue of their gold reserves have cast a profane and ugly pall over the gold market. Yes! Silver will rise - gold will fall............ The best of both worlds...... show me the $.

Yellowdog,
It's simple. Gold will decline, silver will rise. Don't be shocked, it happanes all the time. With the twin spetres of German & Swiss central bank wanting to "revalue their gold reserves. This is all prepretory to some acctual gold sales from these major counmtries this year. Forget about price ratios, forget about inflation or any other thing on the rest of the earth. If you don't believe that central eurpoe will forever cap gold this year, look to place some shorts. The Swiss and the Germans both are attempting to raise lease rates, their attempted revalue of their gold reserves have cast a profane and ugly pall over the gold market. Yes! Silver will rise - gold will fall............ The best of both worlds...... show me the $.

There is no more relationship between gold and the PGMs. One is trading with a dark cloud overhead with worries of convictions of high crimes and misdemeners.
Silver is overdue for anoter .60 run. The PGM's are operation on ther own fundimentals.Fortget about gold and silver this time arround. The current short squeeze in the PGM's are unpresidented, so we will continue to see lower gold and higher silver. You've got to believe!!!!! Let me ask you, "did you beleive in peanut buter"?

There is no more relationship between gold and the PGMs. One is trading with a dark cloud overhead with worries of convictions of high crimes and misdemeners.
Silver is overdue for anoter .60 run. The PGM's are operation on ther own fundimentals.Fortget about gold and silver this time arround. The current short squeeze in the PGM's are unpresidented, so we will continue to see lower gold and higher silver. You've got to believe!!!!! Let me ask you, "did you beleive in peanut buter"?

Congradulate me!!! I am holding 2000 oz paladium at $204. Looks preety quiet arround me. I'm in profits now, but I decided to wait until tomorrow.$240, #250 spot!!!!!!!

Congradulate me!!! I am holding 2000 oz paladium at $204. Looks preety quiet arround me. I'm in profits now, but I decided to wait until tomorrow.$240, #250 spot!!!!!!!

Congradulate me!!! I am holding 2000 oz paladium at $204. Looks preety quiet arround me. I'm in profits now, but I decided to wait until tomorrow.$240, #250 spot!!!!!!!

Congradulate me!!! I am holding 2000 oz paladium at $204. Looks preety quiet arround me. I'm in profits now, but I decided to wait until tomorrow.$240, #250 spot!!!!!!!

Charles: LNG now is sending out a daily investment E-mail. Here is a complete one which includes their phone number:

GN Daily Review & Trade Alert ( Thurs, May 22nd, 1997 )
Date:
Thu, 22 May 1997 18:31:02 -0400
From:


THE LGN MARKET LETTER

DAILY MARKET REVIEW & TRADE ALERT
Wednesday - May 22nd - 1997

STOCKS TO WATCH

As an LGN Market Letter reader you know that we have been talking about
America Online's stronger financial situation, better marketing strategies,
and overall market share increase. Today, AOL shares surged 2 1/8 in very
active trading, boosted by Cowen & Co. report's positive comments on the
on-line service provider.

BROAD MARKETS

( * ) The Dow lost 32.56, at 7258.13.
( * ) Big Board gainers topped losers 13 to 12 on volume of 426.9 million shares.
( * ) In broad measure action: the NYSE index fell by 1.55, the S&P 500 lost
3.69, and the Nasdaq composite slipped 1.16; whereas the Russell 2000
small-stock index gained 1.40 and the Amex composite finished up 1.65.
( * ) The long bond close down 10/32, to yield 6.98%; intermediate-term notes
lost 1/32 to 6/32; and the 3-month bill yield rose 5 basis points to 5.03%.
( * ) Lastly, the dollar was quoted at 116.03 yen and 1.6943 marks, up 1 2/3
yen and up 1/8 pfennig respectively.

Today's action came as a confirmation: the markets are "giving back" gains
made on the euphoria of the recent Fed's decision not to raise interest
rates. In fact, despite a few strong price swings, we are not really that
far from last month's levels.

Second on the NYSE's list of most actively traded stocks, an IPO from
Hartford Life was a success with investors, fetching a 14% premium over its
original $28.25 offer price.

On merger news, reports that the European Commission officially challenged
Boeing's planned acquisition of McDonnell Douglas caused shares of the
aerospace giant to tumble by more that 2 points. Meanwhile, RCSB Financial
surged 6 * ( 18% ) as it agreed to be acquired by Charter One Financial; RCSB
is the holding company for Rochester Community Savings Bank.

PRECIOUS METALS

( * ) Spot gold fixed at $342.75 per ounce, against a previous close of
$342.40; while the Comex June contract was down $0.40 at $343.60.
( * ) Platinum was down $5.75, at $387.75, while silver fixed at $4.67, down 2
cents.

Precious metals prices eased from morning levels as New York appeared to
"adjust" to lower European levels. With the dollar off its closing low
against the yen, traders lost incentive to trade gold, as the yen's strength
had been a stronger gold supporter. Overall, gold business was
"unexceptional" at best, as it reflected a slightly firmer dollar following
a rise in jobless figures to 322,000 from the revised 319,000 the previous week.

As expected, most of the weakness came once again from the platinum group
metals and especially palladium, which was sold by Swiss dealers early in
Europe and fell steeply on the Nymex opening.

However, we do not think that palladium's rally is over. According to our
sources, the Tiger Management fund "has the market were it wants it''. Some
dealers forecast the funds hanging on to palladium positions until the price
is ``up to $300''. We know that open interest is over 5,000 lots on the
contract on May 20.

Silver remained quiet today. For the days to come, we expect silver price
levels to drift lower with the upcoming long holiday weekend in London.

Your Fellow Investor,

Patrick J. Jacquemin


1997 LGN Capital Management. All Rights Reserved.
LGN Capital Management. 3109 Grand Avenue. Suite 200. Miami. Florida 33133.
For subscription details, please email LGNcapital@aol.com or call ( 305 )
387-5440.

Charles: LNG now is sending out a daily investment E-mail. Here is a complete one which includes their phone number:

GN Daily Review & Trade Alert ( Thurs, May 22nd, 1997 )
Date:
Thu, 22 May 1997 18:31:02 -0400
From:


THE LGN MARKET LETTER

DAILY MARKET REVIEW & TRADE ALERT
Wednesday - May 22nd - 1997

STOCKS TO WATCH

As an LGN Market Letter reader you know that we have been talking about
America Online's stronger financial situation, better marketing strategies,
and overall market share increase. Today, AOL shares surged 2 1/8 in very
active trading, boosted by Cowen & Co. report's positive comments on the
on-line service provider.

BROAD MARKETS

( * ) The Dow lost 32.56, at 7258.13.
( * ) Big Board gainers topped losers 13 to 12 on volume of 426.9 million shares.
( * ) In broad measure action: the NYSE index fell by 1.55, the S&P 500 lost
3.69, and the Nasdaq composite slipped 1.16; whereas the Russell 2000
small-stock index gained 1.40 and the Amex composite finished up 1.65.
( * ) The long bond close down 10/32, to yield 6.98%; intermediate-term notes
lost 1/32 to 6/32; and the 3-month bill yield rose 5 basis points to 5.03%.
( * ) Lastly, the dollar was quoted at 116.03 yen and 1.6943 marks, up 1 2/3
yen and up 1/8 pfennig respectively.

Today's action came as a confirmation: the markets are "giving back" gains
made on the euphoria of the recent Fed's decision not to raise interest
rates. In fact, despite a few strong price swings, we are not really that
far from last month's levels.

Second on the NYSE's list of most actively traded stocks, an IPO from
Hartford Life was a success with investors, fetching a 14% premium over its
original $28.25 offer price.

On merger news, reports that the European Commission officially challenged
Boeing's planned acquisition of McDonnell Douglas caused shares of the
aerospace giant to tumble by more that 2 points. Meanwhile, RCSB Financial
surged 6 * ( 18% ) as it agreed to be acquired by Charter One Financial; RCSB
is the holding company for Rochester Community Savings Bank.

PRECIOUS METALS

( * ) Spot gold fixed at $342.75 per ounce, against a previous close of
$342.40; while the Comex June contract was down $0.40 at $343.60.
( * ) Platinum was down $5.75, at $387.75, while silver fixed at $4.67, down 2
cents.

Precious metals prices eased from morning levels as New York appeared to
"adjust" to lower European levels. With the dollar off its closing low
against the yen, traders lost incentive to trade gold, as the yen's strength
had been a stronger gold supporter. Overall, gold business was
"unexceptional" at best, as it reflected a slightly firmer dollar following
a rise in jobless figures to 322,000 from the revised 319,000 the previous week.

As expected, most of the weakness came once again from the platinum group
metals and especially palladium, which was sold by Swiss dealers early in
Europe and fell steeply on the Nymex opening.

However, we do not think that palladium's rally is over. According to our
sources, the Tiger Management fund "has the market were it wants it''. Some
dealers forecast the funds hanging on to palladium positions until the price
is ``up to $300''. We know that open interest is over 5,000 lots on the
contract on May 20.

Silver remained quiet today. For the days to come, we expect silver price
levels to drift lower with the upcoming long holiday weekend in London.

Your Fellow Investor,

Patrick J. Jacquemin


1997 LGN Capital Management. All Rights Reserved.
LGN Capital Management. 3109 Grand Avenue. Suite 200. Miami. Florida 33133.
For subscription details, please email LGNcapital@aol.com or call ( 305 )
387-5440.

August gold now flat after being up modestly overnight. Looks like we may not get that bounce for another day or two.

August gold now flat after being up modestly overnight. Looks like we may not get that bounce for another day or two.

Reify: I do suspect that spot gold will break $340 before moving up, but I doubt it will go much below that or stay there very long. As Steve Kaplan has observed huge physical buying comes out of Asia every time the price dips below $340.

I also agree that the overall market market may now be entering a corrective phase, but the top isn't in yet; certainly not for the small caps. The Russell 2000 small cap index continues to outperform the big cap indexes by wide margins, but this trend is only a few weeks old and has a considerable way to go. My best guess is that the market will not peak until late summer.

Reify: I do suspect that spot gold will break $340 before moving up, but I doubt it will go much below that or stay there very long. As Steve Kaplan has observed huge physical buying comes out of Asia every time the price dips below $340.

I also agree that the overall market market may now be entering a corrective phase, but the top isn't in yet; certainly not for the small caps. The Russell 2000 small cap index continues to outperform the big cap indexes by wide margins, but this trend is only a few weeks old and has a considerable way to go. My best guess is that the market will not peak until late summer.

To All Those who asked ne about Durban Deep/Blyvoor.
Its not as simple as I said. BECAUSE at the time
of conversion, IF you hold Durban Deep shares, you will
receive one half of a new option striking price 60,
expiry sometime in 2002. I figure the option is worth
about 6 rand. If you come in via blyvoor you dont get
this. Also I dont know how it works with ADR. So in
the joberg market if DD is 21 and you want to break
even with blyvoor, BEV blyvoor is ( 21-.5*6 ) /5= 3.6.
BEV ADR in $ = 3.6*3/4.47= 2.4 $. So market is pretty
efficient and there is no advantage either way IF the
ADR yield an option. I doubt if they do. My own experience
if that options on ADR are auctioned all in one day for
practically no value. If Im right on this, then the best
way to go in is via Blyvoor.

To All Those who asked ne about Durban Deep/Blyvoor.
Its not as simple as I said. BECAUSE at the time
of conversion, IF you hold Durban Deep shares, you will
receive one half of a new option striking price 60,
expiry sometime in 2002. I figure the option is worth
about 6 rand. If you come in via blyvoor you dont get
this. Also I dont know how it works with ADR. So in
the joberg market if DD is 21 and you want to break
even with blyvoor, BEV blyvoor is ( 21-.5*6 ) /5= 3.6.
BEV ADR in $ = 3.6*3/4.47= 2.4 $. So market is pretty
efficient and there is no advantage either way IF the
ADR yield an option. I doubt if they do. My own experience
if that options on ADR are auctioned all in one day for
practically no value. If Im right on this, then the best
way to go in is via Blyvoor.

From today's NEW YORK TIMES

Death of EMU would be very positive for gold by greatly reducing the prospect of further CB sales, and encouraging reflationary monetary policy on the continent.




June 5, 1997


Continental Rift



BY TONY JUDT


he first two lessons from the Socialist victory in France's elections on Sunday are
obvious, and mostly of interest to the French. One is that President Jacques Chirac and
the Gaullist movement are in trouble, revealing a dangerous sinkhole on the right wing
of French politics. The second is that any serious attempt to reduce France's generous social
and welfare provisions will be overwhelmingly rebuffed by the French public.

A third lesson, however, will have broad consequences for Europe and the world. It is that the
goal of uniting Europe around the euro, the common currency envisaged under the Maastricht
Treaty, has been revealed as politically unattainable.

Paradoxically, it was the Socialist President Franois Mitterrand who was the driving force
behind the Maastricht agreement in December 1991. Like many of the previous stages in the
European Community's forging of an "ever closer union" over the last 40 years, the treaty was
economic in form but political in purpose.

In the aftermath of German unification, the French were anxious to bind their powerful
neighbor firmly within existing European institutions. Chancellor Helmut Kohl of Germany
assented readily, but only on the condition that the move to a single European currency be
achieved at no cost to Germany's cherished monetary stability. If the German currency was to
be folded into the euro, then the euro would have to be as firm as the mark.

But the criteria under which member states are allowed to join the monetary union -- notably
the requirement that their annual budget deficit not exceed 3 percent of gross domestic product
-- were arbitrarily set nearly six years ago and represent an unrealistic and excessive concern
with monetary stability. Such terms might have made sense in an era of sustained high
economic growth. But in today's straitened circumstances they oblige governments to pass
unpopular deflationary measures and spending cuts -- and thus destabilize national politics.

Furthermore, the race to the euro has encouraged political dishonesty and bad faith among the
European member states. To qualify for membership in their own club, the French and more
recently the Germans have attempted budgetary sleight of hand -- the French by mortgaging
state pension plans and the Germans by unsuccessfully trying to revalue their central bank's
gold reserves.

This has soured relations with smaller nations like Spain and Italy, which the Germans have
sanctimoniously lectured on the virtues of financial stringency. As a result, the move to a closer
monetary union is actually driving Europeans further apart.

Thus the Italian Government of Romano Prodi has taken great pains and considerable political
risks to bring its budget in line with the Maastricht criteria. Yet German politicians and bankers
continue to cast doubt on Italy's long-term economic reliability, Germany's own budget deficit
and soaring unemployment notwithstanding.

This has led the Italians, along with Greeks and Spaniards, to suspect that the rigidity of the
terms for the euro have more to do with German domestic politics than any grand design for a
united continent. To many, the criteria seem little more than a device to keep Mediterranean
countries out of the monetary union as long as possible.

From the perspective of candidates for future membership in the European Union, the prospect
is equally depressing. Even if one or two former Communist states could technically qualify
for membership under the Maastricht rules today ( which is quite possible ) , they could not
continue to pursue the difficult economic and social transformations they have begun without
eventually increasing government spending of the sort precluded by the criteria.

The likely outcome is less a unified continent than a concentric series of European "clubs," a
multiclass Europe that will nourish disagreements and resentments in years to come.

Finally, by defining a strong euro as the main objective of union, and pegging painful social
reforms and welfare cutbacks to that goal, Europe's leaders have played into the hands of
critics from the political fringes. All across Europe "Brussels" is now attacked by demagogues
as the symbol of rules and requirements that create local unemployment, cuts in government
service and economic stagnation.

Critics assert: "We are the ones who stand for those who have no voice in Brussels, for voters
fearful of change ( and foreigners ) , for those who look closer to home for their security and
identity. We shall reassert the policy-making autonomy of the nation-state."

In France the extreme-right National Front and the Communists, together with various
dissident politicians who share their dislike for "Europe," gained nearly 30 percent of the vote
on Sunday. In Austria the Freedom Party, a Europhobic group, has attracted voters from
social-democratic strongholds including Vienna, where it won a quarter of the votes in
municipal elections last year. If the painful budgetary reforms and tax increases adopted by
Italy's center-left coalition prove in vain and the country is kept out of the monetary union, an
angry reaction can be expected there, too.  A t the very least we shall hear demands across the
continent for a "social" Europe rather than a monetary one -- the same vague promise that was
held out to French voters by the new Prime Minister, Lionel Jospin, and is finding an eager
audience among Germany's floundering Social Democrats.

Likewise, it is only in some such social union that we can expect Tony Blair's Britain to play a
full part.

The lesson is clear. A European Union founded on a strong and inflexible currency -- the
extrapolation to the rest of the continent of the postwar German "miracle" -- is no longer
realistic or prudent.

An ever-closer union, of the kind that seemed so admirable and necessary in 1957 when the
Treaty of Rome was drawn up, may no longer be the best way to insure peace and stability in
Europe.

Melding the economies of countries as different as Austria and Britain, France and Portugal,
Sweden and Greece ( not to mention Poland or Hungary ) is both impossible and unwise:
Contrasting social and economic practices are born of longstanding political and cultural
differences that cannot be obliterated with the wave of a magic monetary wand.

There are alternative, less monolithic models of cooperation. The Swiss confederation, in
which real political authority and the power to make major economic decisions are shared
among autonomous regions, might be a more reassuring model.

If Europe is ever to move toward genuine cooperation in foreign policy and military
coordination, both of which require the active cooperation of sovereign states, then the union
will need to scale back both its rhetoric and its current monetary obsessions.

But what, some will ask, if global market forces make economic "harmonization" inevitable?
That, however, is the last lesson of the recent French election: "Global market forces" don't
vote.

Tony Judt directs the Remarque Institute at New York University.


Home | Sections | Contents | Search | Forums | Help

Copyright 1997 The New York Times Company

From today's NEW YORK TIMES

Death of EMU would be very positive for gold by greatly reducing the prospect of further CB sales, and encouraging reflationary monetary policy on the continent.




June 5, 1997


Continental Rift



BY TONY JUDT


he first two lessons from the Socialist victory in France's elections on Sunday are
obvious, and mostly of interest to the French. One is that President Jacques Chirac and
the Gaullist movement are in trouble, revealing a dangerous sinkhole on the right wing
of French politics. The second is that any serious attempt to reduce France's generous social
and welfare provisions will be overwhelmingly rebuffed by the French public.

A third lesson, however, will have broad consequences for Europe and the world. It is that the
goal of uniting Europe around the euro, the common currency envisaged under the Maastricht
Treaty, has been revealed as politically unattainable.

Paradoxically, it was the Socialist President Franois Mitterrand who was the driving force
behind the Maastricht agreement in December 1991. Like many of the previous stages in the
European Community's forging of an "ever closer union" over the last 40 years, the treaty was
economic in form but political in purpose.

In the aftermath of German unification, the French were anxious to bind their powerful
neighbor firmly within existing European institutions. Chancellor Helmut Kohl of Germany
assented readily, but only on the condition that the move to a single European currency be
achieved at no cost to Germany's cherished monetary stability. If the German currency was to
be folded into the euro, then the euro would have to be as firm as the mark.

But the criteria under which member states are allowed to join the monetary union -- notably
the requirement that their annual budget deficit not exceed 3 percent of gross domestic product
-- were arbitrarily set nearly six years ago and represent an unrealistic and excessive concern
with monetary stability. Such terms might have made sense in an era of sustained high
economic growth. But in today's straitened circumstances they oblige governments to pass
unpopular deflationary measures and spending cuts -- and thus destabilize national politics.

Furthermore, the race to the euro has encouraged political dishonesty and bad faith among the
European member states. To qualify for membership in their own club, the French and more
recently the Germans have attempted budgetary sleight of hand -- the French by mortgaging
state pension plans and the Germans by unsuccessfully trying to revalue their central bank's
gold reserves.

This has soured relations with smaller nations like Spain and Italy, which the Germans have
sanctimoniously lectured on the virtues of financial stringency. As a result, the move to a closer
monetary union is actually driving Europeans further apart.

Thus the Italian Government of Romano Prodi has taken great pains and considerable political
risks to bring its budget in line with the Maastricht criteria. Yet German politicians and bankers
continue to cast doubt on Italy's long-term economic reliability, Germany's own budget deficit
and soaring unemployment notwithstanding.

This has led the Italians, along with Greeks and Spaniards, to suspect that the rigidity of the
terms for the euro have more to do with German domestic politics than any grand design for a
united continent. To many, the criteria seem little more than a device to keep Mediterranean
countries out of the monetary union as long as possible.

From the perspective of candidates for future membership in the European Union, the prospect
is equally depressing. Even if one or two former Communist states could technically qualify
for membership under the Maastricht rules today ( which is quite possible ) , they could not
continue to pursue the difficult economic and social transformations they have begun without
eventually increasing government spending of the sort precluded by the criteria.

The likely outcome is less a unified continent than a concentric series of European "clubs," a
multiclass Europe that will nourish disagreements and resentments in years to come.

Finally, by defining a strong euro as the main objective of union, and pegging painful social
reforms and welfare cutbacks to that goal, Europe's leaders have played into the hands of
critics from the political fringes. All across Europe "Brussels" is now attacked by demagogues
as the symbol of rules and requirements that create local unemployment, cuts in government
service and economic stagnation.

Critics assert: "We are the ones who stand for those who have no voice in Brussels, for voters
fearful of change ( and foreigners ) , for those who look closer to home for their security and
identity. We shall reassert the policy-making autonomy of the nation-state."

In France the extreme-right National Front and the Communists, together with various
dissident politicians who share their dislike for "Europe," gained nearly 30 percent of the vote
on Sunday. In Austria the Freedom Party, a Europhobic group, has attracted voters from
social-democratic strongholds including Vienna, where it won a quarter of the votes in
municipal elections last year. If the painful budgetary reforms and tax increases adopted by
Italy's center-left coalition prove in vain and the country is kept out of the monetary union, an
angry reaction can be expected there, too.  A t the very least we shall hear demands across the
continent for a "social" Europe rather than a monetary one -- the same vague promise that was
held out to French voters by the new Prime Minister, Lionel Jospin, and is finding an eager
audience among Germany's floundering Social Democrats.

Likewise, it is only in some such social union that we can expect Tony Blair's Britain to play a
full part.

The lesson is clear. A European Union founded on a strong and inflexible currency -- the
extrapolation to the rest of the continent of the postwar German "miracle" -- is no longer
realistic or prudent.

An ever-closer union, of the kind that seemed so admirable and necessary in 1957 when the
Treaty of Rome was drawn up, may no longer be the best way to insure peace and stability in
Europe.

Melding the economies of countries as different as Austria and Britain, France and Portugal,
Sweden and Greece ( not to mention Poland or Hungary ) is both impossible and unwise:
Contrasting social and economic practices are born of longstanding political and cultural
differences that cannot be obliterated with the wave of a magic monetary wand.

There are alternative, less monolithic models of cooperation. The Swiss confederation, in
which real political authority and the power to make major economic decisions are shared
among autonomous regions, might be a more reassuring model.

If Europe is ever to move toward genuine cooperation in foreign policy and military
coordination, both of which require the active cooperation of sovereign states, then the union
will need to scale back both its rhetoric and its current monetary obsessions.

But what, some will ask, if global market forces make economic "harmonization" inevitable?
That, however, is the last lesson of the recent French election: "Global market forces" don't
vote.

Tony Judt directs the Remarque Institute at New York University.


Home | Sections | Contents | Search | Forums | Help

Copyright 1997 The New York Times Company

Good Morning All. Does anyone have any thoughts about supply problems in precious metals from Russian production filtrering down from the Platinum/Palladium group to gold? Is this pure manipulation of a relatively thin market or can we expect the deterioration of Russian industrial activity to affect mining in general and gold in particular as well? Russia is still a significant gold producer ( oil too ) & one would expect, despite CB hoards & attempts to "control" the price, that industrial demand has its own parameters and would eventually be disturbed by a decline in Russian production ( if that's the case ) . My work with the precious is obviously technical, so I depend on the sagacious scuttlebutt at Kitco for the fundamental view. Also - re ark's clearly rhetorical question about the CBs ( 00:04 ) "Who owns the Gold anyway?" The answer, for the record, is that it is the PEOPLE's gold. I think on that, be we left or right in our political direction, we are all agreed.

Good Morning All. Does anyone have any thoughts about supply problems in precious metals from Russian production filtrering down from the Platinum/Palladium group to gold? Is this pure manipulation of a relatively thin market or can we expect the deterioration of Russian industrial activity to affect mining in general and gold in particular as well? Russia is still a significant gold producer ( oil too ) & one would expect, despite CB hoards & attempts to "control" the price, that industrial demand has its own parameters and would eventually be disturbed by a decline in Russian production ( if that's the case ) . My work with the precious is obviously technical, so I depend on the sagacious scuttlebutt at Kitco for the fundamental view. Also - re ark's clearly rhetorical question about the CBs ( 00:04 ) "Who owns the Gold anyway?" The answer, for the record, is that it is the PEOPLE's gold. I think on that, be we left or right in our political direction, we are all agreed.

Mike Sheller: Don't think it's manipulation just good old Russian incompetance and yes at some point this has to affect even gold...Time to go read the Journal...

Mike Sheller: Don't think it's manipulation just good old Russian incompetance and yes at some point this has to affect even gold...Time to go read the Journal...

GEORGE S. COLE: EMU Dying is a very cogent article at this juncture. It will be the very people and mindset whose thinking is most antithetical to a gold standard who will precipitate the conditions for a resurgence of gold. The general political consensus of humanity is still not so much founded upon systematic integrity and moral principle as it is sentiment and personal desires. This is, of course, a hallmark of the general Human Condition ( I suppose we are all in some way guilty ) . The people and their representatives are sensitive to the discipline and struggle they must endure to redress the mess that has been made of public finances. The people will opt every time for the "solution" that "insures" the least diminution of their benefits and handouts. After all, aren't these things they've paid for and due them by law and tradition? Their representatives will do everything possible to retain power, thus they must satisfy the people's desires first and foremost. They will stave off the future catastrophe as far into the "next administration" as possible. Let some other politico handle it - preferably an opposing party. The turn to the left that is the inevitable result of this philosophical bankruptcy will only speed the day of reckoning for all. Get Real. Get Gold.

GEORGE S. COLE: EMU Dying is a very cogent article at this juncture. It will be the very people and mindset whose thinking is most antithetical to a gold standard who will precipitate the conditions for a resurgence of gold. The general political consensus of humanity is still not so much founded upon systematic integrity and moral principle as it is sentiment and personal desires. This is, of course, a hallmark of the general Human Condition ( I suppose we are all in some way guilty ) . The people and their representatives are sensitive to the discipline and struggle they must endure to redress the mess that has been made of public finances. The people will opt every time for the "solution" that "insures" the least diminution of their benefits and handouts. After all, aren't these things they've paid for and due them by law and tradition? Their representatives will do everything possible to retain power, thus they must satisfy the people's desires first and foremost. They will stave off the future catastrophe as far into the "next administration" as possible. Let some other politico handle it - preferably an opposing party. The turn to the left that is the inevitable result of this philosophical bankruptcy will only speed the day of reckoning for all. Get Real. Get Gold.

From Wall Street journal: Lease rates to borrow Palladium have risen as high as 150% compared with the usual levels of less than 5% in speculation that Russian shipments might be delayed into July...

From Wall Street journal: Lease rates to borrow Palladium have risen as high as 150% compared with the usual levels of less than 5% in speculation that Russian shipments might be delayed into July...

Will the recent developments in Platinum and Palladium be meaningful for mining companies like Stillwater? Or is this a short term speculative froth for futures and bullion traders only?

Will the recent developments in Platinum and Palladium be meaningful for mining companies like Stillwater? Or is this a short term speculative froth for futures and bullion traders only?

Viewing this gold market with a jaundiced eye brings to mind the following story:

Becky was on her deathbed, with her husband Tom at her side. He held her cold hand and tears silently streamed down his face. Her pale lips moved.

"Tom," she said.

"Hush," he quickly interrupted, "don't talk."

But she insisted. "Tom," she said in her tired voice. "I have to talk. I must confess."

"There is nothing to confess," said the weeping Tom. "It's all right.
Everything's all right."

"No, no. I must die in peace. I must confess, Tom, that I have been unfaithful to you."

Tom stroked her hand. "Now Becky, don't be concerned. I know all about it," he sobbed. "Why else would I poison you?"

Viewing this gold market with a jaundiced eye brings to mind the following story:

Becky was on her deathbed, with her husband Tom at her side. He held her cold hand and tears silently streamed down his face. Her pale lips moved.

"Tom," she said.

"Hush," he quickly interrupted, "don't talk."

But she insisted. "Tom," she said in her tired voice. "I have to talk. I must confess."

"There is nothing to confess," said the weeping Tom. "It's all right.
Everything's all right."

"No, no. I must die in peace. I must confess, Tom, that I have been unfaithful to you."

Tom stroked her hand. "Now Becky, don't be concerned. I know all about it," he sobbed. "Why else would I poison you?"

Stillwater has been disappointing with the run up in Plat. and Palladium. It means to me most people think the move in the metals is a short term event.

Stillwater has been disappointing with the run up in Plat. and Palladium. It means to me most people think the move in the metals is a short term event.

Ted, did you get the mail yesterday? Markets look pretty discouraging this morning, but as they always say "It is always darkest before you die."

Ted, did you get the mail yesterday? Markets look pretty discouraging this morning, but as they always say "It is always darkest before you die."

Speed -- Stillwater is growth story. If the PGMs story gets people thinking in terms of alternate suppliers, I would think that Stillwater would benifite long term. They are also just starting full production this month ( ? ) . On the other hand ( ! ) , if this move in the white metals is a flash in the pan, then this becomes a trade, not an investment. The difference being in the time horizon. I don't have an answer, but I am leaning strongly towards the longer term horizon with lots of short term volitility. ( So what else is new? )

Speed -- Stillwater is growth story. If the PGMs story gets people thinking in terms of alternate suppliers, I would think that Stillwater would benifite long term. They are also just starting full production this month ( ? ) . On the other hand ( ! ) , if this move in the white metals is a flash in the pan, then this becomes a trade, not an investment. The difference being in the time horizon. I don't have an answer, but I am leaning strongly towards the longer term horizon with lots of short term volitility. ( So what else is new? )

Tort: Got yer letter and just responded!...NM sounds like my kind of place!...Say hello to Mr.Smith and Mr.Wesson!

Tort: Got yer letter and just responded!...NM sounds like my kind of place!...Say hello to Mr.Smith and Mr.Wesson!

For anyone who doesn't know, Stillwaters' new ticker is ( SWC ) .

Bob A. -- Most investors don't even know what the PGMs are, let alone what's happening there! If most investors new, I would be getting ready to sell out at multiple baggers. The mania will eventually come to this sector also. :- ) )

For anyone who doesn't know, Stillwaters' new ticker is ( SWC ) .

Bob A. -- Most investors don't even know what the PGMs are, let alone what's happening there! If most investors new, I would be getting ready to sell out at multiple baggers. The mania will eventually come to this sector also. :- ) )

Panda: Thanks. What a great month to begin full production. PGMS becomes SWC today and their products are moving sharply up. I am going to get my feet wet. Increasing volatility in all markets should make for an entertaining summer. Going out early to classes again today. The best investment is an education. Back tonight.

In theory the people of the usa own the gold held by the us treasury. However if you own something, once in a while you like to see it, to feel it, certainly in the case of money, to count it. There has not been an audit of fort Knox in ( seventy? ) years. About every five or ten years some neophyte congressman introduces a bill to audit "our" gold. This congressman soon learns about the power of the people to count their money. The people of the usa are not allowed to count their money. Not allowed by whom? And why not?

I believe about six months before an audit of fort Knox takes place ( if it ever does ) we will see several stories in our free press. Sometime in the 1980's a gold eating rat will have been bred. In the early 1990's a rogue project will have ... well you can guess the rest.

In theory the people of the usa own the gold held by the us treasury. However if you own something, once in a while you like to see it, to feel it, certainly in the case of money, to count it. There has not been an audit of fort Knox in ( seventy? ) years. About every five or ten years some neophyte congressman introduces a bill to audit "our" gold. This congressman soon learns about the power of the people to count their money. The people of the usa are not allowed to count their money. Not allowed by whom? And why not?

I believe about six months before an audit of fort Knox takes place ( if it ever does ) we will see several stories in our free press. Sometime in the 1980's a gold eating rat will have been bred. In the early 1990's a rogue project will have ... well you can guess the rest.

Panda: Thanks. What a great month to begin full production. PGMS becomes SWC today and their products are moving sharply up. I am going to get my feet wet. Increasing volatility in all markets should make for an entertaining summer. Going out early to classes again today. The best investment is an education. Back tonight.

Tort: Re-mornin joke: Hahahahaha...Gold is in the dumps...it's 40 degrees and drizzlin...and I needed that!...

Tort: Re-mornin joke: Hahahahaha...Gold is in the dumps...it's 40 degrees and drizzlin...and I needed that!...

RE: Wall Street Journal palladium lease rates at 150%: As usual, if the WSJ prints it, it's old news. 150% was last week. 260% last night, who know's today? But what's in a lease rate when noone will lend? The mother of all short squeezes could only be in it's infancy. It will be brutal in New York today. Now we're having fun.................

RE: Wall Street Journal palladium lease rates at 150%: As usual, if the WSJ prints it, it's old news. 150% was last week. 260% last night, who know's today? But what's in a lease rate when noone will lend? The mother of all short squeezes could only be in it's infancy. It will be brutal in New York today. Now we're having fun.................

Speed -- I have a position in SWC, so I'm biased. :- )

Speed -- I have a position in SWC, so I'm biased. :- )

Are Kitco prices any good? Why do I have to well over $5 for an ounce of silver, even if I buy 100 oz. at a time, if Kitco will buy it back from me at less than spot! This seems like a really bad deal. Silver has to increase more than 10% or I LOSE MONEY! In your experience, do other metal dealers have similar prices?

Thanks, Organ

Are Kitco prices any good? Why do I have to well over $5 for an ounce of silver, even if I buy 100 oz. at a time, if Kitco will buy it back from me at less than spot! This seems like a really bad deal. Silver has to increase more than 10% or I LOSE MONEY! In your experience, do other metal dealers have similar prices?

Thanks, Organ

Panda: Bias is fine. I'd rather hear pros and cons from vested interests than read a bunch of boring "objective" analysis by people who have only done superficial research. I read the 10Q and it looks good.
Gotta go, back tomorrow or late tonight.

Panda: Bias is fine. I'd rather hear pros and cons from vested interests than read a bunch of boring "objective" analysis by people who have only done superficial research. I read the 10Q and it looks good.
Gotta go, back tomorrow or late tonight.

August gold now off 60 cents. Looks like spot will be going under $340 today.

August gold now off 60 cents. Looks like spot will be going under $340 today.

Don't worry, be happy! France, Germany, EMU, Platinum/Palladium.....

http://biz.yahoo.com/finance/97/06/05/y0026_z00_2.html

Don't worry, be happy! France, Germany, EMU, Platinum/Palladium.....

http://biz.yahoo.com/finance/97/06/05/y0026_z00_2.html

JIN: You have an incomming missile...um.....I mean missive!

JIN: You have an incomming missile...um.....I mean missive!

Even the deepest oceans have a bottom you know!

What goes down will go up, and what goes up goes down.... Look at the gold decline as a count down for a launch into orbit as soon as the EMU is rectified. In the mean time...... BUY BUY BUY!

Even the deepest oceans have a bottom you know!

What goes down will go up, and what goes up goes down.... Look at the gold decline as a count down for a launch into orbit as soon as the EMU is rectified. In the mean time...... BUY BUY BUY!

EBN Gold down 1.10 @ 340.35...Glad I believe in diversification! S+P up 2.20...

CNBC announced that market maven Inger, guest on the program today.
I believe it's one of Vronsky's regulars, on the Gold-Eagle, if I'm not mistaken. He supposedly is near term bearish on the markets. So what else is new?

CNBC announced that market maven Inger, guest on the program today.
I believe it's one of Vronsky's regulars, on the Gold-Eagle, if I'm not mistaken. He supposedly is near term bearish on the markets. So what else is new?

EBN Gold down 1.10 @ 340.35...Glad I believe in diversification! S+P up 2.20...

Gold 339.00 ........hang onto your hats guys.. this could be the big one!

Gold 339.00 ........hang onto your hats guys.. this could be the big one!

Ted, like the javelin catcher of yore I eagerly await receipt of your silver pointed thrust. I installed the updated Claris Emailer yesterday and nothing seems to be working properly anymore. I'll keep looking for incoming.

Ted, like the javelin catcher of yore I eagerly await receipt of your silver pointed thrust. I installed the updated Claris Emailer yesterday and nothing seems to be working properly anymore. I'll keep looking for incoming.

That N/A up above for silver is +.09 on EBN

That N/A up above for silver is +.09 on EBN

Virtual Eagles eye view of global gold paradigm. Is it a plot to create a single world currency? Erudite & exhaustive analysis by Oracle of Alberta:
http://www.gold-eagle.com/gold_digest/alberta604.html

Virtual Eagles eye view of global gold paradigm. Is it a plot to create a single world currency? Erudite & exhaustive analysis by Oracle of Alberta:
http://www.gold-eagle.com/gold_digest/alberta604.html

http://www.sunday-times.co.uk/news/pages/Times/frontpage.html?1714281

http://www.sunday-times.co.uk/news/pages/Times/frontpage.html?1714281

What have we here

^XAU 10:25AM 100.19 +2.08 +2.12%

Not bad for a suckegg gold market

What have we here

^XAU 10:25AM 100.19 +2.08 +2.12%

Not bad for a suckegg gold market

OK Friends, is this rally to be trusted, what say you?
According to our newcomer RJ- the answer is NO.

OK Friends, is this rally to be trusted, what say you?
According to our newcomer RJ- the answer is NO.

As an afterthough I post the following because I am so encouraged with the gold market.

A Sunday school teacher asked her class, "Does anyone know
Jesus' Mother's name?"

Susie raised her hand and said, "It was Mary." The teacher
said, "Very good Susie. Do you know Jesus' Father's name?"

Little Johnny said, "Yes, it was Virgil." the teacher asked how he
came up with her answer. He said, "You know, Verg 'n Mary....."

As an afterthough I post the following because I am so encouraged with the gold market.

A Sunday school teacher asked her class, "Does anyone know
Jesus' Mother's name?"

Susie raised her hand and said, "It was Mary." The teacher
said, "Very good Susie. Do you know Jesus' Father's name?"

Little Johnny said, "Yes, it was Virgil." the teacher asked how he
came up with her answer. He said, "You know, Verg 'n Mary....."

XAU and HUI up strongly, August gold down just 30 cents. That is the kind of action I like -- the stocks leading bullion north.

XAU and HUI up strongly, August gold down just 30 cents. That is the kind of action I like -- the stocks leading bullion north.

As we wait with bated breath.....

Could someone explain how paladiums impressive ascent has had so little
impact on N.A. Paladium ( PDLCF ) ?

Could someone explain how paladiums impressive ascent has had so little
impact on N.A. Paladium ( PDLCF ) ?

As we wait with bated breath.....

XAU UP +3.05 yyyyyyyyyyeeeeeeeeeeeeeee aaaaaahhhhhh

We all know that old saw that a conservative can be defined as a liberal who has been mugged.

But what is a liberal or populist? Answer -- a conservative who has been laid off.

We all know that old saw that a conservative can be defined as a liberal who has been mugged.

But what is a liberal or populist? Answer -- a conservative who has been laid off.

XAU UP +3.05 yyyyyyyyyyeeeeeeeeeeeeeee aaaaaahhhhhh

Duncan -- One word, ignorance.

Looks real from here

^XAU 10:36AM 101.17 +3.06 +3.12%

Looks real from here

^XAU 10:36AM 101.17 +3.06 +3.12%

Duncan -- One word, ignorance.

FWIW,lots of gold-platinum spreads.Sometimes they have to be covered.

FWIW,lots of gold-platinum spreads.Sometimes they have to be covered.

It looks like A CAPE CANAVERAL LAUNCH: XAU UP 2.93, HUI UP 2.30, PLATINUM UP 8.90 and SILVER UP 7 CENTS:
http://www.gold-eagle.com/intra-day.html

FWIW,lots of gold-platinum spreads.Sometimes they have to be covered.
Nice retracement for abx and bgo.Time to go long.

FWIW,lots of gold-platinum spreads.Sometimes they have to be covered.
Nice retracement for abx and bgo.Time to go long.

It looks like A CAPE CANAVERAL LAUNCH: XAU UP 2.93, HUI UP 2.30, PLATINUM UP 8.90 and SILVER UP 7 CENTS:
http://www.gold-eagle.com/intra-day.html

Many consider this unsecured debt to be the ideal paper holding. For years I did too. Should things go bad the treasury could simply print up crisp new currency to pay off the tbills as they mature, goes a theory. However this may not be the optimal political solution at that time. One alternative our political masters could take would be to convert the 30 day tbills into 30 year tbonds. "Sorry but we must give you no choice in this. But look at the good side. Since we did not print up all that new currency there will be little inflation, thus your new tbonds will pay interest at 2% a year."

Many consider this unsecured debt to be the ideal paper holding. For years I did too. Should things go bad the treasury could simply print up crisp new currency to pay off the tbills as they mature, goes a theory. However this may not be the optimal political solution at that time. One alternative our political masters could take would be to convert the 30 day tbills into 30 year tbonds. "Sorry but we must give you no choice in this. But look at the good side. Since we did not print up all that new currency there will be little inflation, thus your new tbonds will pay interest at 2% a year."

Believe at the end of the day the deciding factor as to what this rally in gold is all about will be the volume. Would like your input-all.

Believe at the end of the day the deciding factor as to what this rally in gold is all about will be the volume. Would like your input-all.

I no wanna annibody to be baahing thiz rally You justa watch it go up you see This is notta the real thing. you waitta a few more weeks before you buy. we fool you before and this is the same . Nobody believe this is it It cannot be. Gold and silver no turna like this. You waita. You see. Just keep watching and you no buya Capisce.

XAU - it's a fake out rally, you'll be able to buy at better prices in the next few days

XAU - it's a fake out rally, you'll be able to buy at better prices in the next few days

I no wanna annibody to be baahing thiz rally You justa watch it go up you see This is notta the real thing. you waitta a few more weeks before you buy. we fool you before and this is the same . Nobody believe this is it It cannot be. Gold and silver no turna like this. You waita. You see. Just keep watching and you no buya Capisce.

John - thanks for the hedging information - much appreciated. I am quite heavily into Joel and wonder what this 50% hedging obligation will
have on the stock should the price ( of gold ) rise significantly?

John - thanks for the hedging information - much appreciated. I am quite heavily into Joel and wonder what this 50% hedging obligation will
have on the stock should the price ( of gold ) rise significantly?

Thanks Panda - I'll be patient!

Thanks Panda - I'll be patient!

It could just be that not many know of NA Palladium since it
is so thinly traded. I heard of it through the Silver and Gold
Report newsletter and bought shares on its recommendation. I
bought at 5.32 so I am still in the whole but getting closer to
break-even. Are you a share-holder? They also have made a
lot of investments into needed equipment/procedures which could
be impacting prices negatively short term. We may need that
general bull market before they get the attention they deserve.

It could just be that not many know of NA Palladium since it
is so thinly traded. I heard of it through the Silver and Gold
Report newsletter and bought shares on its recommendation. I
bought at 5.32 so I am still in the whole but getting closer to
break-even. Are you a share-holder? They also have made a
lot of investments into needed equipment/procedures which could
be impacting prices negatively short term. We may need that
general bull market before they get the attention they deserve.

SWC continues to disapoint.

SWC continues to disapoint.

I'll bet GLENN is having fun in the pits today!!

I'll bet GLENN is having fun in the pits today!!

General - got a few PDLCF's - was lucky enough to get in at 3 3/8.
With the prices where they are it looks a real bargain IMHO.

General - got a few PDLCF's - was lucky enough to get in at 3 3/8.
With the prices where they are it looks a real bargain IMHO.

All: http://www.publicdebt.treas.gov/ The US Treasury web page has been improved. You can get T-note auction results the day of the sale, see a schedule of upcoming auctions, request statements on your Treasury account, calculate values of savings bonds and indexed notes, order forms to participate in auctions, etc.

All: http://www.publicdebt.treas.gov/ The US Treasury web page has been improved. You can get T-note auction results the day of the sale, see a schedule of upcoming auctions, request statements on your Treasury account, calculate values of savings bonds and indexed notes, order forms to participate in auctions, etc.

Old saw worked in 2 of last 3 years. CNBC-TV financial celebrity Inger Letter Forecast of 6/2/97 is insightful. See Gold Digest & Reload:
http://www.gold-eagle.com/gold_digest.html

Old saw worked in 2 of last 3 years. CNBC-TV financial celebrity Inger Letter Forecast of 6/2/97 is insightful. See Gold Digest & Reload:
http://www.gold-eagle.com/gold_digest.html

US share market is up, gold is up ( a bit ) ....Great. I'm off to bed.
1 am here!

US share market is up, gold is up ( a bit ) ....Great. I'm off to bed.
1 am here!

LONDON, June 5 ( Reuter ) - Soaring platinum and palladium

prices on a lack of available supplies dominated precious metals

trading on Thursday morning, traders said.

Palladium fixed at $235.00 per ounce, its highest fixing

since the twice-daily fix began in 1989 and its highest spot

price since early 1980.

Platinum, its sister metal, was fixed at $440, the highest

fixing since September 15, 1995.

``Things are very tight in the spot market. A big U.S. hedge

fund is holding 1.5 million ounces ( of palladium ) and who knows

when this will come on the market,'' a dealer said.

``Every participant who is short in palladium is being forced

to borrow,'' he added.

That need was sending borrowing rates -- especially for

between a day and a month -- to unprecedented levels.

``If you borrow overnight you have to pay more than 200

percent. And one-month lease rates are at 165 percent,'' he said.

Platinum one-month rates were 60 percent versus a regular

two-three percent.

``If the funds don't deliver, what will people who are short

do? Someone is squeezing palladium market and this raises legal

issues,'' the dealer said.

However a senior market source debunked any idea of

culpability. ``It maybe an ugly world but it is a free world and

the funds cannot be forced to put their metal back into the

market to relieve those who don't have any,'' the source said.

Compared with gold, platinum and palladium are very small

markets and are not blessed with overground stocks running into

tens of thousands of tonnes held by central banks.

``The funds have the ammunition to manipulate it and that is

what they are doing in conjunction with Russia's problems. It is

a sort of double whammy for the market,'' the source continued,

adding that if similar problems hit the gold market central

banks would come in.

Russia the largest exporter of palladium and the second

biggest supplier of platinum after South Africa, has been out of

the market this year due to administrative problems in Moscow.

This week it opened 1997 export talks with importers in

Japan, its biggest customer, and exports could begin on June 20,

according to Russian negotiators.

But the squeeze will take another couple of months to

unwind, according to dealers.

LONDON, June 5 ( Reuter ) - Soaring platinum and palladium

prices on a lack of available supplies dominated precious metals

trading on Thursday morning, traders said.

Palladium fixed at $235.00 per ounce, its highest fixing

since the twice-daily fix began in 1989 and its highest spot

price since early 1980.

Platinum, its sister metal, was fixed at $440, the highest

fixing since September 15, 1995.

``Things are very tight in the spot market. A big U.S. hedge

fund is holding 1.5 million ounces ( of palladium ) and who knows

when this will come on the market,'' a dealer said.

``Every participant who is short in palladium is being forced

to borrow,'' he added.

That need was sending borrowing rates -- especially for

between a day and a month -- to unprecedented levels.

``If you borrow overnight you have to pay more than 200

percent. And one-month lease rates are at 165 percent,'' he said.

Platinum one-month rates were 60 percent versus a regular

two-three percent.

``If the funds don't deliver, what will people who are short

do? Someone is squeezing palladium market and this raises legal

issues,'' the dealer said.

However a senior market source debunked any idea of

culpability. ``It maybe an ugly world but it is a free world and

the funds cannot be forced to put their metal back into the

market to relieve those who don't have any,'' the source said.

Compared with gold, platinum and palladium are very small

markets and are not blessed with overground stocks running into

tens of thousands of tonnes held by central banks.

``The funds have the ammunition to manipulate it and that is

what they are doing in conjunction with Russia's problems. It is

a sort of double whammy for the market,'' the source continued,

adding that if similar problems hit the gold market central

banks would come in.

Russia the largest exporter of palladium and the second

biggest supplier of platinum after South Africa, has been out of

the market this year due to administrative problems in Moscow.

This week it opened 1997 export talks with importers in

Japan, its biggest customer, and exports could begin on June 20,

according to Russian negotiators.

But the squeeze will take another couple of months to

unwind, according to dealers.

Tort: Just got in from de woods and runnin zee chainsaw...Missile arrive yet???...George S. Cole ( 10:36 ) Right on GSC! Now yer gettin into the spirit!..XAU up 2.42 and from lookin at the earlier posts I guess I missed the best part...Typical!..Novice: Yer bomb arrived and is bein defused...

Tort: Just got in from de woods and runnin zee chainsaw...Missile arrive yet???...George S. Cole ( 10:36 ) Right on GSC! Now yer gettin into the spirit!..XAU up 2.42 and from lookin at the earlier posts I guess I missed the best part...Typical!..Novice: Yer bomb arrived and is bein defused...

200% overnight lease rates!!! No bad, no bad. Better than the credit card companies and the rates at the Hoboken docks in the 1950-60's. What a wonderful business to be in.

200% overnight lease rates!!! No bad, no bad. Better than the credit card companies and the rates at the Hoboken docks in the 1950-60's. What a wonderful business to be in.

No bad = Not bad.

No bad = Not bad.

Can anybody here name a few key platinum and palladium exploration and production companies that are publicly traded in Canada and the U.S? I would like to watch their prices and think about buying the stocks.

Can anybody here name a few key platinum and palladium exploration and production companies that are publicly traded in Canada and the U.S? I would like to watch their prices and think about buying the stocks.

I agree with APH that today in the XAU should only be a one-day pop
and next week I plan to buy back at lower prices. The metals should
be higher tomorrow and they will probably make a temporary high tomorrow
for a small 3 day correction due to profit-taking...I actually said
profit-taking in regards to going long metals. The lack of rally in
gold also does not bode well for the XAU short-term.

What I think will drag down the XAU is the stock market. Since we
are rallying into Monday's Bradley point ( give or take 2 days ) . That
means today or Friday we could top out for a very much needed
correction. If I am wrong I will buy back with futures. In any case
I am selling out of both my 1/2 XAU position today ( Rydex Precious Metals
fund ) and out of my 1/2 position in NASDAQ 100 ( Rydex OTC ) and going
to cash.

If we get any kind of spike down tomorrow, early or late, I would rather
be playing in mutual funds rather than being long mutual funds and stuck
to a closing price. Just a bit of caution....

Xau at up 3.32 or up 3.38%. Stay out of the way.

Xau at up 3.32 or up 3.38%. Stay out of the way.

I agree with APH that today in the XAU should only be a one-day pop
and next week I plan to buy back at lower prices. The metals should
be higher tomorrow and they will probably make a temporary high tomorrow
for a small 3 day correction due to profit-taking...I actually said
profit-taking in regards to going long metals. The lack of rally in
gold also does not bode well for the XAU short-term.

What I think will drag down the XAU is the stock market. Since we
are rallying into Monday's Bradley point ( give or take 2 days ) . That
means today or Friday we could top out for a very much needed
correction. If I am wrong I will buy back with futures. In any case
I am selling out of both my 1/2 XAU position today ( Rydex Precious Metals
fund ) and out of my 1/2 position in NASDAQ 100 ( Rydex OTC ) and going
to cash.

If we get any kind of spike down tomorrow, early or late, I would rather
be playing in mutual funds rather than being long mutual funds and stuck
to a closing price. Just a bit of caution....

Dow up +80. A rising tide carries all ships.

Dow up +80. A rising tide raises all ships!!!!

Dow up +80. A rising tide raises all ships!!!!

Dow up +80. A rising tide carries all ships.

Byron, as Howard Ruff used to say, when the wind blows hard enough even turkeys fly.

Byron, as Howard Ruff used to say, when the wind blows hard enough even turkeys fly.

ATT RMW: The study "PLATINUM: THE RICH MAN'S GOLD" will answer in part your posting. However, there precious few ( pardon pun ) outside Africa- SEE:
http://www.gold-eagle.com/analysis.html

ATT RMW: The study "PLATINUM: THE RICH MAN'S GOLD" will answer in part your posting. However, there precious few ( pardon pun ) outside Africa- SEE:
http://www.gold-eagle.com/analysis.html

Ted, no missle yet. Something weird is happening to my computer I fear. Why don't you send a short message to test my email. Thanks.

Ted, no missle yet. Something weird is happening to my computer I fear. Why don't you send a short message to test my email. Thanks.

XAU up 3.41...WOW!...Dow up 77...DOUBLE WOW!...Hi Tort!

XAU up 3.41...WOW!...Dow up 77...DOUBLE WOW!...Hi Tort!

Tort: Roger...will do!...I labored over THAT e-mail...sigh...

Tort: Roger...will do!...I labored over THAT e-mail...sigh...

Tort: Turkeys don't fly????

Tort: Turkeys don't fly????

JULY PLATINUM IS EXPLODING ,UP 20 BUCKEROOS.431.50.

JULY PLATINUM IS EXPLODING ,UP 20 BUCKEROOS.431.50.

Tort: Just launched another missile yer way...XAU up 3.23!

Tort: Just launched another missile yer way...XAU up 3.23!

RMW - North American Paladium : NASDAQ ( PDLCF ) ; Toronto S.E. ( PDL, I think ) .

RMW - North American Paladium : NASDAQ ( PDLCF ) ; Toronto S.E. ( PDL, I think ) .

Cyclist: What time does platinum futures close. Gold closes in about 10 minutes.

Cyclist: What time does platinum futures close. Gold closes in about 10 minutes.

Byron:same time on the NYMEX

Byron:same time on the NYMEX

August gold now up $1.30 as bullion follows the stocks north. Gold shorts must be a getting a little nervous today.

Shortbull: I have no doubt you are an excellent trader but your philosophy of always going for small short-term gains practically GUARANTEES you will miss the big move when it comes. I too am far from sure this is the beginning of the long awaited bull, but am willing to hang in there until it comes. But we must all follow the investment strategy we are most comfortable with.

August gold now up $1.30 as bullion follows the stocks north. Gold shorts must be a getting a little nervous today.

Shortbull: I have no doubt you are an excellent trader but your philosophy of always going for small short-term gains practically GUARANTEES you will miss the big move when it comes. I too am far from sure this is the beginning of the long awaited bull, but am willing to hang in there until it comes. But we must all follow the investment strategy we are most comfortable with.

On Kitco's Precious Metals board: Spread between Gold and Platinum almost $90.00 now. Jeez: seems like it was only a short time ago that gold was higher then platinum : )

gold dec '98 call options with a strike of $370.00,
are $60.00 each!!

this is how you stay and play with the big boys, you
can touch them, but they cannot touch you.

risk is set at time of option purchase. an entire year to
control 100 ozs. of gold for $60.00 + broker fee!!

this is a buy. these puppies will see the same action
as platinum and palladium are currently seeing.

buy one or two per month as they become available. this will
ensure you are in with both feet when the inevitable happens.
no guru can predict when, or how. these insurance policies ( cheap options )
are your guarantee of success in a market that is not subject to
normal supply and demand. when control is finally wrested from their taskmasters, it will be as if the west were opened for squatters again.
the stampede will be incredible, as billions of dollars begin flowing
from paper assets to tangible, physical assets. the available
warehoused stocks vs. the billions of dollars that will flow into
the metals, will cause the highest prices in history. options at $60.00
could easily command 100K or more! who cannot afford to invest $110.00
per month, for this kind of potential return? historically, this is a good bet. fundamentally, this is a good bet. technically, this is a
good bet.

sounds like a good bet to me, and rosen WILL PAY sooner, or later!!
my insurance policies are in effect in gold, silver, crude-oil, and
eurodollars.

you carry insurance policies on your property betting against the
elements, and man-made disasters. why not use the same technique
for futures? the only exception being, the tremendous POTENTIAL
for profit? let these cheap insurance policies PAY YOU. they will
pay, if you play, using YOUR mind to make YOUR own decisions.

who knows when all the ascribed to events ( that we all know are coming )
will actually arrive? your insurance policies will make you wealthy,
and help ROSEN to work for a living. the scavengers, and short sellers
will wake-up in a bottom-less pool of ink, with the LONG-finned sharks
rushing with gaping jaws, to their rescue!!!

cherokee!; ) driver of the smoke-signal-mobile, crusher-of-copper-bulls.

gold dec '98 call options with a strike of $370.00,
are $60.00 each!!

this is how you stay and play with the big boys, you
can touch them, but they cannot touch you.

risk is set at time of option purchase. an entire year to
control 100 ozs. of gold for $60.00 + broker fee!!

this is a buy. these puppies will see the same action
as platinum and palladium are currently seeing.

buy one or two per month as they become available. this will
ensure you are in with both feet when the inevitable happens.
no guru can predict when, or how. these insurance policies ( cheap options )
are your guarantee of success in a market that is not subject to
normal supply and demand. when control is finally wrested from their taskmasters, it will be as if the west were opened for squatters again.
the stampede will be incredible, as billions of dollars begin flowing
from paper assets to tangible, physical assets. the available
warehoused stocks vs. the billions of dollars that will flow into
the metals, will cause the highest prices in history. options at $60.00
could easily command 100K or more! who cannot afford to invest $110.00
per month, for this kind of potential return? historically, this is a good bet. fundamentally, this is a good bet. technically, this is a
good bet.

sounds like a good bet to me, and rosen WILL PAY sooner, or later!!
my insurance policies are in effect in gold, silver, crude-oil, and
eurodollars.

you carry insurance policies on your property betting against the
elements, and man-made disasters. why not use the same technique
for futures? the only exception being, the tremendous POTENTIAL
for profit? let these cheap insurance policies PAY YOU. they will
pay, if you play, using YOUR mind to make YOUR own decisions.

who knows when all the ascribed to events ( that we all know are coming )
will actually arrive? your insurance policies will make you wealthy,
and help ROSEN to work for a living. the scavengers, and short sellers
will wake-up in a bottom-less pool of ink, with the LONG-finned sharks
rushing with gaping jaws, to their rescue!!!

cherokee!; ) driver of the smoke-signal-mobile, crusher-of-copper-bulls.

On Kitco's Precious Metals board: Spread between Gold and Platinum almost $90.00 now. Jeez: seems like it was only a short time ago that gold was higher then platinum : )

UP TWENTY-FIVE DOLLARS!!!

UP TWENTY-FIVE DOLLARS!!!

Whats that saying: plan your work and work your plan or something of that sort.....anyway, to each his own. As long as you have a strategy and the perserverance to stick to it if you believe in it or the guts to change it when you need to.

BTW: how many of you are looking at platinum with amazement and closing your eyes wishing it was the yellow metal and if there will ever be a day we goldbugs ( at least the new ones ) will be able to sit back and gleefully watch our wealth multiply that rapidly. ( not RJ, thats for sure )

Whats that saying: plan your work and work your plan or something of that sort.....anyway, to each his own. As long as you have a strategy and the perserverance to stick to it if you believe in it or the guts to change it when you need to.

BTW: how many of you are looking at platinum with amazement and closing your eyes wishing it was the yellow metal and if there will ever be a day we goldbugs ( at least the new ones ) will be able to sit back and gleefully watch our wealth multiply that rapidly. ( not RJ, thats for sure )

FWIW short positions are building up in the gold/platinum spreads.
This forebodes high volatility when positions has to be covered,
Fireworks,you bet.This could become a hot June and July.
Next targets for July Platinum 450 and 480 in that order, with the spread
in the order of 100 /120.Gold would top out between 350 and 370.

FWIW short positions are building up in the gold/platinum spreads.
This forebodes high volatility when positions has to be covered,
Fireworks,you bet.This could become a hot June and July.
Next targets for July Platinum 450 and 480 in that order, with the spread
in the order of 100 /120.Gold would top out between 350 and 370.

I recently said to my wife that it was time to lay in some gold. She looked at necklaces while I picked up some krands for the grandkids. I paid a few percent over spot for the krands. She ended up picking out a 60 gram piece that looks stunning on her. We paid about 300% over spot for the necklace. Of course since gold is such a good buy she told me there were a few other pieces she desired. I winced and told her I would get her some krands or even some beatiful eagles. She told me, "I can not wear a coin."

I constantly read of 10% to 20% markups on jewellery sold in the mideast and asian markets. Perhaps our jeweller friends could tell us why the large markup here? Can you imagine the jewerlly demand here in the usa with even say a 50% markup? Perhaps someone does not want a gold demand component that even the central banks might have trouble filling at 350 an ounce. We are constantly told the global economy is bringing the benefits of global competition to all markets. This does not seem to be the case with gold jewerlly in this country. I wonder if Rubin et al have any insight on this?

I recently said to my wife that it was time to lay in some gold. She looked at necklaces while I picked up some krands for the grandkids. I paid a few percent over spot for the krands. She ended up picking out a 60 gram piece that looks stunning on her. We paid about 300% over spot for the necklace. Of course since gold is such a good buy she told me there were a few other pieces she desired. I winced and told her I would get her some krands or even some beatiful eagles. She told me, "I can not wear a coin."

I constantly read of 10% to 20% markups on jewellery sold in the mideast and asian markets. Perhaps our jeweller friends could tell us why the large markup here? Can you imagine the jewerlly demand here in the usa with even say a 50% markup? Perhaps someone does not want a gold demand component that even the central banks might have trouble filling at 350 an ounce. We are constantly told the global economy is bringing the benefits of global competition to all markets. This does not seem to be the case with gold jewerlly in this country. I wonder if Rubin et al have any insight on this?

The failure of the palladium lease and forward market ( yahoo biz story at 11:59 ) amid 300% rates and default fears was preordained. Just as the coming failure and defaults in metal lease markets in platinum, gold and silver are preordained. While it is impossible to predict when, it is not difficult to predict that there will be a similar outcome because of the very nature of metal leases. Because you must have a deficit consumption pattern for metal leases to exist in the first place, and because the loaned metal is being consumed as an integral part of the loan, it is only a matter of time before the parties involved realize there is nothing to repay the loans with. The only way for the loans to be repaid would be if a surplus pattern developed, and that could only happen with sharply higher prices and much time.

While it is thought that CBs have much gold to lend, when they realize that they will not be repaid, they will move to call in their loans. Very few will come out whole.

It is also annoying, and I suppose par for the course, that the same story broached the subject of manipulation in the sharp rise for palladium. As is common knowledge, manipulation only exists to the upside. A related story at 12:26, listed the amount of palladium and platinum held in the U.S. Defense stockpile, as the shorts were starting to eye that as an answer to their ill-conceived shorts and loans - doesn't that make you feel good. Just a warm up for gold and silver.

Cherokee, are you talking futures options? I was quoted 180. for the
97/Dec Gold Calls. It's 1.80 per ounce. Dec/97's were 1.00 per ounce.
I agree with you this is a steal at current levels, even if Gold still hasn't bottomed?
The risk is losing your premium, and the upside is open......
Meryl Lynch, keep on writing those calls.....

Cherokee, are you talking futures options? I was quoted 180. for the
97/Dec Gold Calls. It's 1.80 per ounce. Dec/97's were 1.00 per ounce.
I agree with you this is a steal at current levels, even if Gold still hasn't bottomed?
The risk is losing your premium, and the upside is open......
Meryl Lynch, keep on writing those calls.....

The failure of the palladium lease and forward market ( yahoo biz story at 11:59 ) amid 300% rates and default fears was preordained. Just as the coming failure and defaults in metal lease markets in platinum, gold and silver are preordained. While it is impossible to predict when, it is not difficult to predict that there will be a similar outcome because of the very nature of metal leases. Because you must have a deficit consumption pattern for metal leases to exist in the first place, and because the loaned metal is being consumed as an integral part of the loan, it is only a matter of time before the parties involved realize there is nothing to repay the loans with. The only way for the loans to be repaid would be if a surplus pattern developed, and that could only happen with sharply higher prices and much time.

While it is thought that CBs have much gold to lend, when they realize that they will not be repaid, they will move to call in their loans. Very few will come out whole.

It is also annoying, and I suppose par for the course, that the same story broached the subject of manipulation in the sharp rise for palladium. As is common knowledge, manipulation only exists to the upside. A related story at 12:26, listed the amount of palladium and platinum held in the U.S. Defense stockpile, as the shorts were starting to eye that as an answer to their ill-conceived shorts and loans - doesn't that make you feel good. Just a warm up for gold and silver.

Several queries about North American Palladium noted here lately.... For a start on some info, I've posted a couple of URLs on Kitco-II.

Hi Ted! Glad my goose made it to NDP heaven...

Several queries about North American Palladium noted here lately.... For a start on some info, I've posted a couple of URLs on Kitco-II.

Hi Ted! Glad my goose made it to NDP heaven...

Cherokee: I know this has been mentioned before but the short-term memory ain't what it used to be ...Does Barry Rosen have a site on the net??

Cherokee: I know this has been mentioned before but the short-term memory ain't what it used to be ...Does Barry Rosen have a site on the net??

Missiles coming in at 12:00 o'clock ( PST ) . XAU at the high of the day. 101.64 +3.53

Missiles coming in at 12:00 o'clock ( PST ) . XAU at the high of the day. 101.64 +3.53

Clarification: Dec/97 call 380.-strike was 1.00
and Dec/97 call 370.-strike was 1.80.

Clarification: Dec/97 call 380.-strike was 1.00
and Dec/97 call 370.-strike was 1.80.

Irregardless of whether or not the run up in the XAU is a fakeout breakout or not, I still like it. Even if it is a fakeout, its hard to believe at this point that any subsequent decline would be to new lows. risk/reward seems reasonable to me at least.

Irregardless of whether or not the run up in the XAU is a fakeout breakout or not, I still like it. Even if it is a fakeout, its hard to believe at this point that any subsequent decline would be to new lows. risk/reward seems reasonable to me at least.

Dow losing some of its luster and taken some of the juice out of XAU.

Dow losing some of its luster and taken some of the juice out of XAU.

TED:
Fortucast Market Timing, Inc. PO Box 2066 Fairfield, IA 52556 ( 515 ) -472-6866


ABOUT THE PUBLISHER
Barry Rosen, the founder of Fortucast Market Timing, began the service in
1987
with a monthly timing newsletter titled Investor's Fortucast. Mr. Rosen has
M.A.'s from the University of Illinois and Indiana University, and has taught
at the University of Iowa. Fortucast is registered as a CTA with the CFTC.
Barry advises nearly a thousand clients through hotlines, fax services and
newsletters.


Barry focuses on 23 markets in his publications, and his eclectic market
timing methodology includes Gann, Elliott Wave, and unique cyclical timing
devices based on the work of Gann. Barry has published numerous articles in
Trader's World, and the NCGR Journal on the relationships of geocosmic cycles
to timing the markets.

FORTUCAST MARKET TIMING--800-788-2796
Email address: fortcast@lisco.com

From: http://www.marketweb.com/commentary/fort0605.htm

TED:
Fortucast Market Timing, Inc. PO Box 2066 Fairfield, IA 52556 ( 515 ) -472-6866


ABOUT THE PUBLISHER
Barry Rosen, the founder of Fortucast Market Timing, began the service in
1987
with a monthly timing newsletter titled Investor's Fortucast. Mr. Rosen has
M.A.'s from the University of Illinois and Indiana University, and has taught
at the University of Iowa. Fortucast is registered as a CTA with the CFTC.
Barry advises nearly a thousand clients through hotlines, fax services and
newsletters.


Barry focuses on 23 markets in his publications, and his eclectic market
timing methodology includes Gann, Elliott Wave, and unique cyclical timing
devices based on the work of Gann. Barry has published numerous articles in
Trader's World, and the NCGR Journal on the relationships of geocosmic cycles
to timing the markets.

FORTUCAST MARKET TIMING--800-788-2796
Email address: fortcast@lisco.com

From: http://www.marketweb.com/commentary/fort0605.htm

Yahoo article on Palladium ( June 4 6:13 PM EDT ) . Check
very end of it --"talk in the past few days of a player
looking to borrow 50 million ounces of silver".

Yahoo article on Palladium ( June 4 6:13 PM EDT ) . Check
very end of it --"talk in the past few days of a player
looking to borrow 50 million ounces of silver".

FYI ,Gold spot 343.45.It is going to be interesting on the Asian markets.

FYI ,Gold spot 343.45.It is going to be interesting on the Asian markets.

To Ted ( 15:25 ) Thanks Bro!...Tort: We made contact!....Tomorrow is "the biggie"...The employment report....XAU up 2.83 and the temperature is 39!

To Ted ( 15:25 ) Thanks Bro!...Tort: We made contact!....Tomorrow is "the biggie"...The employment report....XAU up 2.83 and the temperature is 39!

Cherokee - I just checked the price of the Dec 98 Comex Gold Calls 100 oz. they quoted me 11.80 or $ 1,180 per option. Which options are you speaking of?

Cherokee - I just checked the price of the Dec 98 Comex Gold Calls 100 oz. they quoted me 11.80 or $ 1,180 per option. Which options are you speaking of?

Sorry, that was a strike of 370.

Sorry, that was a strike of 370.

TED - is that celsius of farenheit? - either way, my commiserations!

TED - is that celsius of farenheit? - either way, my commiserations!

LURKER: 500

You are absolutely right about gold stock risk/reward ratios. They have never been better. For the big gold mutual funds such as FSAGX and FSPMX, I can see 200%-300% upside potential over the next 12-18 months if bullion goes to $500 as I expect,versus perhaps another 10% on the downside if bullion drops to $325 before taking off, which now seems very unlikely.

LURKER: 500

You are absolutely right about gold stock risk/reward ratios. They have never been better. For the big gold mutual funds such as FSAGX and FSPMX, I can see 200%-300% upside potential over the next 12-18 months if bullion goes to $500 as I expect,versus perhaps another 10% on the downside if bullion drops to $325 before taking off, which now seems very unlikely.

LURKER: 500

You are absolutely right about gold stock risk/reward ratios. They have never been better. For the big gold mutual funds such as FSAGX and FSPMX, I can see 200%-300% upside potential over the next 12-18 months if bullion goes to $500 as I expect, versus perhaps another 10% on the downside if bullion drops to $325 before taking off, which now seems very unlikely.

Duncan ( 16:10 ) Farenheit my son...plus 30-40 MPH winds whippin off the chilly North Atantic...not a bad beach day fer here...Hey how bout that we's goin decimal in 2000...

Duncan ( 16:10 ) Farenheit my son...plus 30-40 MPH winds whippin off the chilly North Atantic...not a bad beach day fer here...Hey how bout that we's goin decimal in 2000...

LURKER: 500

You are absolutely right about gold stock risk/reward ratios. They have never been better. For the big gold mutual funds such as FSAGX and FSPMX, I can see 200%-300% upside potential over the next 12-18 months if bullion goes to $500 as I expect, versus perhaps another 10% on the downside if bullion drops to $325 before taking off, which now seems very unlikely.

Note that today's wild upside action occurred right after Big Trader's latest post. Coincidence? I don't think so. Big Trader must be taken seriously.

Note that today's wild upside action occurred right after Big Trader's latest post. Coincidence? I don't think so. Big Trader must be taken seriously.

Cherokee: Were your option numbers related to a 'mini' contract of some sort. If your quoted numbers were for a standard 100 Oz contract they should have been $600 per option rather than $60. As posted yday I bought some Dec 98 400s at 400 yday.

For those unfamiliar with them damned options, try not ever to buy at market. Put in a bid and be willing to let it ride for awhile. Yday the offer was $470 per option, I put in a bid of $400 and was surprised to get a fill withing an hour. ... should have put in an even lower bid.

Cherokee: Were your option numbers related to a 'mini' contract of some sort. If your quoted numbers were for a standard 100 Oz contract they should have been $600 per option rather than $60. As posted yday I bought some Dec 98 400s at 400 yday.

For those unfamiliar with them damned options, try not ever to buy at market. Put in a bid and be willing to let it ride for awhile. Yday the offer was $470 per option, I put in a bid of $400 and was surprised to get a fill withing an hour. ... should have put in an even lower bid.

GLENN-- We want to hear about your day today !!! :- )

GLENN-- We want to hear about your day today !!! :- )

CHEROKEE.....See if your source can sell a few more Dec98 $370s@60....I can use a few dozen wrapped or plain......

CHEROKEE.....See if your source can sell a few more Dec98 $370s@60....I can use a few dozen wrapped or plain......

Earl - If the ask was $470 your bid of $400 sounds realistic to me, but fpr sure I would rather have the $370's for $600! Seems to me we had afew other experts around here besides Glenn who were very knowledgable about the options. Since things seem to be heating up I hope they return and enlighten us. My prediction, ( many months ago ) , that a Platinum over Gold spread might pay off handsomely has finally born mega fruit. Soon ( this week? ) will be the time to cash in. Take advice from the many but make your own call!

Earl - If the ask was $470 your bid of $400 sounds realistic to me, but fpr sure I would rather have the $370's for $600! Seems to me we had afew other experts around here besides Glenn who were very knowledgable about the options. Since things seem to be heating up I hope they return and enlighten us. My prediction, ( many months ago ) , that a Platinum over Gold spread might pay off handsomely has finally born mega fruit. Soon ( this week? ) will be the time to cash in. Take advice from the many but make your own call!

Earl:

The power of the Canadian Metric system has struck once more my friend. Decimal Trading coming to a stock near you !!

Next you'll be drinking LITRES rather than quarts of your favorite substances ...... BUT don't worry, a Litre is a hell of a lot bigger than any pint you've ever had !!!! ( :- ) )
TTFN

Earl:

The power of the Canadian Metric system has struck once more my friend. Decimal Trading coming to a stock near you !!

Next you'll be drinking LITRES rather than quarts of your favorite substances ...... BUT don't worry, a Litre is a hell of a lot bigger than any pint you've ever had !!!! ( :- ) )
TTFN

ALL: IN REFERENCE TO TED BUTLER'S 15:04 POST ( default fears ) -
In light of the explosive rise of PLATINIM & PALLADIUM in recent days, it behooves us ALL to reread Guest Guru Ted Butler's extraordinary and daring letter actually sent to The Federal Reserve Board and The U.S. Treasury Department ( ATT: Greeenspan & Rubin ) . The letter is a lengthy indepth analyis of the Central Bank's dangerous and dubious practice of Gold Loans ( leases ) , and its eventual and inevitable dire financial consequences. In essence - and IMO - it is a FAST-FORWARD of what is in store for the GOLD and SILVER markets. To read his letter:
http://www.gold-eagle.com/gold_digest/butler414.html

ALL: IN REFERENCE TO TED BUTLER'S 15:04 POST ( default fears ) -
In light of the explosive rise of PLATINIM & PALLADIUM in recent days, it behooves us ALL to reread Guest Guru Ted Butler's extraordinary and daring letter actually sent to The Federal Reserve Board and The U.S. Treasury Department ( ATT: Greeenspan & Rubin ) . The letter is a lengthy indepth analyis of the Central Bank's dangerous and dubious practice of Gold Loans ( leases ) , and its eventual and inevitable dire financial consequences. In essence - and IMO - it is a FAST-FORWARD of what is in store for the GOLD and SILVER markets. To read his letter:
http://www.gold-eagle.com/gold_digest/butler414.html

Hong Kong is as a great flowing river that has reached
the ocean of her birth. They fear her no more. But a
great Noble House has come out of these waters
and it will not fail. Bring Londons problems to us, one
by one and they shall be dealt with.
If they have no fear then let them look behind as
South Africa has drawn her sword. Many will
soon loose their heads in a mad rush to find
real gold!

Hong Kong is as a great flowing river that has reached
the ocean of her birth. They fear her no more. But a
great Noble House has come out of these waters
and it will not fail. Bring Londons problems to us, one
by one and they shall be dealt with.
If they have no fear then let them look behind as
South Africa has drawn her sword. Many will
soon loose their heads in a mad rush to find
real gold!

TED: Not a bad day fer ABX, but PDG seemed to be the big winner today.
How's da weather?

TED: Not a bad day fer ABX, but PDG seemed to be the big winner today.
How's da weather?

Speaking of Hong Kong, will they continue to have
their currency pegged to the US dollar?

Speaking of Hong Kong, will they continue to have
their currency pegged to the US dollar?

Well I wasn't going to post anything tonight but ....
Anyway I know everyone wants to hear some great stories but to tell you the truth they have a fan at the exchange and it moves back and forth plowing air on the traders. Well I've caught myself a cold and I believe it is from this fan. COMEX moves to a new building after the July 4th holiday and someone said that they did not like the fans either but not to worry because when we move they we not be there. I was sniffling all day and felt awful.

So about Gold. I knew that the move was over extended yesterday but I did not expect such a big move overall. The fact that we closed on the highs above $345 bodes well for tomorrow. I'm not sure how high this is going, ( I'm sick and I'm going to bed early and I'll wake up early and figure it out then ) but my gut says maybe $1.50 or so and that is it. Also with platnuim up as much as it was no doupt that had an influence on Gold and I do not know platnuim that great but if it opens lower then the rally in Gold may have even less to go. I hate to sound like the commentators on CNBC but a close below $340 is very bearish and a close above $350.0 is bullish. I was able to catch some of the move up today when I saw the XAU up over 2 points and gold was only up $0.20 or so. It just hit me that the low had been made. Unfortuniotly I got out of my Long to quickly. Oh well, like I said I was feeling awful today. More this weekend.

Well I wasn't going to post anything tonight but ....
Anyway I know everyone wants to hear some great stories but to tell you the truth they have a fan at the exchange and it moves back and forth plowing air on the traders. Well I've caught myself a cold and I believe it is from this fan. COMEX moves to a new building after the July 4th holiday and someone said that they did not like the fans either but not to worry because when we move they we not be there. I was sniffling all day and felt awful.

So about Gold. I knew that the move was over extended yesterday but I did not expect such a big move overall. The fact that we closed on the highs above $345 bodes well for tomorrow. I'm not sure how high this is going, ( I'm sick and I'm going to bed early and I'll wake up early and figure it out then ) but my gut says maybe $1.50 or so and that is it. Also with platnuim up as much as it was no doupt that had an influence on Gold and I do not know platnuim that great but if it opens lower then the rally in Gold may have even less to go. I hate to sound like the commentators on CNBC but a close below $340 is very bearish and a close above $350.0 is bullish. I was able to catch some of the move up today when I saw the XAU up over 2 points and gold was only up $0.20 or so. It just hit me that the low had been made. Unfortuniotly I got out of my Long to quickly. Oh well, like I said I was feeling awful today. More this weekend.

They say everyone has a rhetorical pattern which positively identifies a person. Well, I think I know who BIG TRADER is. There is only one other person I know who is able to speak in such characteristically cryptic terms. And that is Alan Greenspan answering questions from Congressional Committees. HEY! Who knows - even he has to have a way to unwind - to get his kicks, so to speak. We razz him nearly daily at Kitcos, so maybe this is his way of getting even.

They say everyone has a rhetorical pattern which positively identifies a person. Well, I think I know who BIG TRADER is. There is only one other person I know who is able to speak in such characteristically cryptic terms. And that is Alan Greenspan answering questions from Congressional Committees. HEY! Who knows - even he has to have a way to unwind - to get his kicks, so to speak. We razz him nearly daily at Kitcos, so maybe this is his way of getting even.

Front: I'm already drinking quarts. Thats the problem. ...... ( :- ) )

Front: I'm already drinking quarts. Thats the problem. ...... ( :- ) )

I've heard such nonsense before. "BT" sounds like Orwell's "Big Brother" - a made-up nobody whom a handful promote & laud in order to gain sway through opinion. A cold, hard look at BTs text reveals it to be as general as Nostradomus' one-size fits all prognostications. For my money, I'll bet BT is Mr. Vronsky.

Spud

I've heard such nonsense before. "BT" sounds like Orwell's "Big Brother" - a made-up nobody whom a handful promote & laud in order to gain sway through opinion. A cold, hard look at BTs text reveals it to be as general as Nostradomus' one-size fits all prognostications. For my money, I'll bet BT is Mr. Vronsky.

Spud

All: Last nite I had the good sense to visit Vronsky's site and read Oracle's "Seven Threads" before calling it a nite. Oracle has knitted together many of the loose ends that we have been discussing on this site for many months. The seventh thread initially violated my inherent disregard for devil theories. That is: That the world is controlled by 12 gnomes in Zurich. Or some such.

However, when put in the context of his entire piece, Oracle may be closer to the truth than many us may be willing to admit. Especially when we think about the clear manipulation in the gold market. Aided, abetted and encouraged by monetary authorities. An activity which we didn't even consider as a possibility until some months ago. Now we find such was indeed the case. And it is only one example, though closest to our hearts.

In short, the stakes are so high for nations and fiat monetary systems that only a fool would discount, out of hand, his final conclusions. It is truly a well thought out piece of work and a first rate read.

All: Last nite I had the good sense to visit Vronsky's site and read Oracle's "Seven Threads" before calling it a nite. Oracle has knitted together many of the loose ends that we have been discussing on this site for many months. The seventh thread initially violated my inherent disregard for devil theories. That is: That the world is controlled by 12 gnomes in Zurich. Or some such.

However, when put in the context of his entire piece, Oracle may be closer to the truth than many us may be willing to admit. Especially when we think about the clear manipulation in the gold market. Aided, abetted and encouraged by monetary authorities. An activity which we didn't even consider as a possibility until some months ago. Now we find such was indeed the case. And it is only one example, though closest to our hearts.

In short, the stakes are so high for nations and fiat monetary systems that only a fool would discount, out of hand, his final conclusions. It is truly a well thought out piece of work and a first rate read.

I'm expecting an early move up to/about 346.5-347 August gold in the A:M. It would be most splendid if it did a lot more than that! Thereafter, I don't know yet. Just have to wait and see how it reacts at whatever 'that' level winds up being. It 'shouldn't' correct back below the 344.8 area without meaning it IMHO.

I'm expecting an early move up to/about 346.5-347 August gold in the A:M. It would be most splendid if it did a lot more than that! Thereafter, I don't know yet. Just have to wait and see how it reacts at whatever 'that' level winds up being. It 'shouldn't' correct back below the 344.8 area without meaning it IMHO.

Platinum had a + $25. day.
Gold needs a couple of + $25. days.
Anythings possible - who would have thought 2.5 months ago when platinum was around 355. that it would be bidding $430. and asking $452.as it did today.
Keep the faith.....

Platinum had a + $25. day.
Gold needs a couple of + $25. days.
Anythings possible - who would have thought 2.5 months ago when platinum was around 355. that it would be bidding $430. and asking $452.as it did today.
Keep the faith.....

We now have a balance budget officially endorsed by our lovely Congress ( USA ) ....thank god....our children are saved!

We now have a balance budget officially endorsed by our lovely Congress ( USA ) ....thank god....our children are saved!

More Gold: With a spread like that, there was no room for widows and orphans. Not real good for a daytrade either. Wait till gold begins to trade with an equal spread. It will guarantee that many will be left at the station too frightened to jump on board. .... Going long, knowing that you have make $25 just to get even, takes real conviction. ...... Glenn. Are ready for those days?

More Gold: With a spread like that, there was no room for widows and orphans. Not real good for a daytrade either. Wait till gold begins to trade with an equal spread. It will guarantee that many will be left at the station too frightened to jump on board. .... Going long, knowing that you have make $25 just to get even, takes real conviction. ...... Glenn. Are ready for those days?

Tarnished: Here you are again...The weather is quite nice thank you...We peaked at 42 ( F ) and it's been all downhill since then and just think in 17 days the days will start gettin shorter...and shorter..until we plunge into total darkness...What's yer take on tonight?? Gold up or down?..Flyers or Red Army ( yer and Ediot's team ) ....

Tarnished: Here you are again...The weather is quite nice thank you...We peaked at 42 ( F ) and it's been all downhill since then and just think in 17 days the days will start gettin shorter...and shorter..until we plunge into total darkness...What's yer take on tonight?? Gold up or down?..Flyers or Red Army ( yer and Ediot's team ) ....

South African mines are heavily hedged and are therefore very short gold. Big Trader has implied in his last two posts that S.A. is now aware of the "problem", and will attempt to unwind their hedges. If only it be true....

An interesting Gold Graph!

http://www.tradingtech.com/markets/METAL/gc65.html

An interesting Gold Graph!

http://www.tradingtech.com/markets/METAL/gc65.html

South African mines are heavily hedged and are therefore very short gold. Big Trader has implied in his last two posts that S.A. is now aware of the "problem", and will attempt to unwind their hedges. If only it be true....

LGN on the whites:


PRECIOUS METALS

Palladium market makers tried to establish order in their market. However,
we remain of the opinion that the end of an acute shortage of the rare white
metal, which has caused recent price swings, depends mainly on Russia
resuming delayed exports.

We have heard that that a measure to help the market forward rates will be
put in place, but only on a ``quote suggestion'' basis. Namely, there has
been no absolute contractual commitment determined as of yet. This measure
tries to address the issue of dealers who have stopped quoting forward rates
for palladium after the cost of borrowing skyrocketed to 300% for 1-month
delivery.

Out of interest, you should know that market-makers are under obligation to
quote spot rates; however, although they have traditionally done so, they do
not "need" to state forward rates for platinum group metals.

Market players borrow metal, rather than buy, when they think high prices
will not last -- an issue that could arise again either when Russia
re-starts exporting, or when speculative funds sell out their positions.

Lack of Russian supplies has been compounded by speculative buying by
investment funds. According to our sources, the U.S. Tiger Management Fund
holds 1.5 million ounces of palladium. However, funds have to maneuver this
situation very carefully, if they are to have a profitable position at all.
Indeed, they are reluctant to become sellers, since each time they have
offered small metal amounts, prices started to fall abruptly.

LGN on the whites:


PRECIOUS METALS

Palladium market makers tried to establish order in their market. However,
we remain of the opinion that the end of an acute shortage of the rare white
metal, which has caused recent price swings, depends mainly on Russia
resuming delayed exports.

We have heard that that a measure to help the market forward rates will be
put in place, but only on a ``quote suggestion'' basis. Namely, there has
been no absolute contractual commitment determined as of yet. This measure
tries to address the issue of dealers who have stopped quoting forward rates
for palladium after the cost of borrowing skyrocketed to 300% for 1-month
delivery.

Out of interest, you should know that market-makers are under obligation to
quote spot rates; however, although they have traditionally done so, they do
not "need" to state forward rates for platinum group metals.

Market players borrow metal, rather than buy, when they think high prices
will not last -- an issue that could arise again either when Russia
re-starts exporting, or when speculative funds sell out their positions.

Lack of Russian supplies has been compounded by speculative buying by
investment funds. According to our sources, the U.S. Tiger Management Fund
holds 1.5 million ounces of palladium. However, funds have to maneuver this
situation very carefully, if they are to have a profitable position at all.
Indeed, they are reluctant to become sellers, since each time they have
offered small metal amounts, prices started to fall abruptly.

Earl: Suppose that "7 Threads" is basically sound ( although I too squirm a bit ) . How do you suppose the Chinese would react to it?

The "reunification" of Hong Kong does have considerable patriotic meaning to China as it redresses an ancient humiliation. What is not so widely known is the fact that China was also forced to accept foreign currency rather than gold for it's exports at that time - another humiliation.

Now suppose we have the one world currency shaping up and whatever else the Chinese may think of it they know that it will not be a Chinese currency. They will most likely look at this as an attempt to pre-empt or mitigate the emergence of a dominant Chinese economy in the 21st century by western interests.

One response would be to ignore or "opt out" of the "plans" afoot. But a more "satisfying" approach perhaps would be to hijaack those plans. Suppose that what triggers the hypothetical financial apocolapse required for a one world currency is an explosion in the price of gold. And suppose the one world currency is a gold backed Yuan.

This is one scenario that would explain exactly what "Big Trader" may "really" be up to with his allegedly massive accumuation of physical gold.

Earl: Suppose that "7 Threads" is basically sound ( although I too squirm a bit ) . How do you suppose the Chinese would react to it?

The "reunification" of Hong Kong does have considerable patriotic meaning to China as it redresses an ancient humiliation. What is not so widely known is the fact that China was also forced to accept foreign currency rather than gold for it's exports at that time - another humiliation.

Now suppose we have the one world currency shaping up and whatever else the Chinese may think of it they know that it will not be a Chinese currency. They will most likely look at this as an attempt to pre-empt or mitigate the emergence of a dominant Chinese economy in the 21st century by western interests.

One response would be to ignore or "opt out" of the "plans" afoot. But a more "satisfying" approach perhaps would be to hijaack those plans. Suppose that what triggers the hypothetical financial apocolapse required for a one world currency is an explosion in the price of gold. And suppose the one world currency is a gold backed Yuan.

This is one scenario that would explain exactly what "Big Trader" may "really" be up to with his allegedly massive accumuation of physical gold.

TED: I have no affiliation to that lazy shiftless fat sociallist drug smoking pig of an Ediot what soever....gold continues up...I hope
and the Wings win again, however a loss would make fer a better series.
As long as Stevie pulls a couple points.
You should take Ediot to a game, maybe we'll get lucky and he'll take a slapshot to the head, might even hear his two brain cells bump one another!

TED: I have no affiliation to that lazy shiftless fat sociallist drug smoking pig of an Ediot what soever....gold continues up...I hope
and the Wings win again, however a loss would make fer a better series.
As long as Stevie pulls a couple points.
You should take Ediot to a game, maybe we'll get lucky and he'll take a slapshot to the head, might even hear his two brain cells bump one another!

I hear the DOW is seeking licencing for options, anyone have anything on this?

I hear the DOW is seeking licencing for options, anyone have anything on this?

George S. Cole: Thanks for that last post. It put another piece in place for me. I previously had not realized/understood that 'users' would actively borrow or lease in anticipation of lower prices.

George S. Cole: Thanks for that last post. It put another piece in place for me. I previously had not realized/understood that 'users' would actively borrow or lease in anticipation of lower prices.

Spud Master ( 18:44 ) Right on! What a bunch of juvenile crap!..

Spud Master ( 18:44 ) Right on! What a bunch of juvenile crap!..

I'm confused about the backwardization in Pa. Would someone please
help me out ( even all you lurkers - I'll even withhold your name from
anything you send me ) .
The standard reason given for the out-months in PA being less then June
is that the supply will be available then. I say so what!! The supply
is fine right now for the right price. Why would anyone think
Russia is going to sell their PA for less in two or three months? Debeers is the perfect example for them. They keep the supply of the
product at just the right level to get their price.

This whole arguement is only valid if Russia has PA to sell - which I'm
not convinced of anyway. But assuming they do - why do people think
they are going to sell it fo

I'm confused about the backwardization in Pa. Would someone please
help me out ( even all you lurkers - I'll even withhold your name from
anything you send me ) .
The standard reason given for the out-months in PA being less then June
is that the supply will be available then. I say so what!! The supply
is fine right now for the right price. Why would anyone think
Russia is going to sell their PA for less in two or three months? Debeers is the perfect example for them. They keep the supply of the
product at just the right level to get their price.

This whole arguement is only valid if Russia has PA to sell - which I'm
not convinced of anyway. But assuming they do - why do people think
they are going to sell it fo

GFD: Your comments refreshed/recalled a past reading of the British experience and the Boxer rebellion. Two points come to mind.

1. Those events ocurred little more than 100 years ago. That is far from "ancient history" in a western sense and even more certainly in a Chinese context. After all, the age of Confucious was 3500 years ago and his influence is as palpable as if it were yesterday.

2. In addition to the other offenses you outlined, the British were also responsible for the introduction of opium into China. To the Brits it was one helluva profitable venture. The Brits were committed to continuing the enterprise and the Chinese protested. To no avail. In end, the Chinese found no other avenue to its discontinuance and subsequently rebelled.

Your comments make a lot of sense.

I'm confused about the backwardization in Pa. Would someone please
help me out ( even all you lurkers - I'll even withhold your name from
anything you send me ) .
The standard reason given for the out-months in PA being less then June
is that the supply will be available then. I say so what!! The supply
is fine right now for the right price. Why would anyone think
Russia is going to sell their PA for less in two or three months?
Debeers is the perfect example for them. They keep the supply of the
product at just the right level to get their price.

This whole arguement is only valid if Russia has PA to sell - which I'm
not convinced of anyway. But assuming they do - why do people think
they are going to sell it for $170 in September? When they can get $200+
in June.

Is this a case where the money is just sitting in the corner waiting for
someone to come over and pick it up? Mr. Rogers?

I'm confused about the backwardization in Pa. Would someone please
help me out ( even all you lurkers - I'll even withhold your name from
anything you send me ) .
The standard reason given for the out-months in PA being less then June
is that the supply will be available then. I say so what!! The supply
is fine right now for the right price. Why would anyone think
Russia is going to sell their PA for less in two or three months?
Debeers is the perfect example for them. They keep the supply of the
product at just the right level to get their price.

This whole arguement is only valid if Russia has PA to sell - which I'm
not convinced of anyway. But assuming they do - why do people think
they are going to sell it for $170 in September? When they can get $200+
in June.

Is this a case where the money is just sitting in the corner waiting for
someone to come over and pick it up? Mr. Rogers?

GFD: Your comments refreshed/recalled a past reading of the British experience and the Boxer rebellion. Two points come to mind.

1. Those events ocurred little more than 100 years ago. That is far from "ancient history" in a western sense and even more certainly in a Chinese context. After all, the age of Confucious was 3500 years ago and his influence is as palpable as if it were yesterday.

2. In addition to the other offenses you outlined, the British were also responsible for the introduction of opium into China. To the Brits it was one helluva profitable venture. The Brits were committed to continuing the enterprise and the Chinese protested. To no avail. In end, the Chinese found no other avenue to its discontinuance and subsequently rebelled.

Your comments make a lot of sense.

Inco Strike...

Seems that Inco wants to create a shortage in metals.
Inco is one of the biggest mines in Canada. ( nickel & copper )
With a lot of talk of shortages in metals including gold already, there is going to be massive amounts of information about the effects of this strike from the media.

The whole city is driven by Inco's money.
Approx. 5000 workers on strike. This strike could spark the metals.
The workers have been out 2 days now and with the XAU's activity today, could it be because of the strike at INCO?

Inco publicaly announced that they want to create a shortage to boost their share value.

I feel all metals are getting lots of news creating hunger pains in the investors.

ALL ABOARD!!!!

Inco Strike...

Seems that Inco wants to create a shortage in metals.
Inco is one of the biggest mines in Canada. ( nickel & copper )
With a lot of talk of shortages in metals including gold already, there is going to be massive amounts of information about the effects of this strike from the media.

The whole city is driven by Inco's money.
Approx. 5000 workers on strike. This strike could spark the metals.
The workers have been out 2 days now and with the XAU's activity today, could it be because of the strike at INCO?

Inco publicaly announced that they want to create a shortage to boost their share value.

I feel all metals are getting lots of news creating hunger pains in the investors.

ALL ABOARD!!!!

Once again 340 has prevailed...now all we need is a Flyers victory!

Once again 340 has prevailed...now all we need is a Flyers victory!

Tarnished: You is a very mean old man and my daddy don't like you!

Hey Ted : I think tarnished likes Eddie!!! The Gold index on the TSE had a nice move today, maybe opinion is starting to shift. I think BT stands for " Big Turd " !!! The Flyers better pull one out or it's lights out!!

Hey Ted : I think tarnished likes Eddie!!! The Gold index on the TSE had a nice move today, maybe opinion is starting to shift. I think BT stands for " Big Turd " !!! The Flyers better pull one out or it's lights out!!

Tarnished: You is a very mean old man and my daddy don't like you!

Hawk @ "Inco publicaly announced that they want to create a shortage to
boost their share value."
Could you post the pertinant article?

Hawk @ "Inco publicaly announced that they want to create a shortage to
boost their share value."
Could you post the pertinant article?

Earl - It's time you took a break from your deeper ruminations ( ? ) . What's it gonna be tonight Philly ( creamcheese ) or Detroit ( BBQ wings ) ?
Since you're usually right about everything else I'll take your judgement on rthis one and give Ted 2-1 odds. ( Of course if you pick Detroit he still won't take the odds! )

Earl - It's time you took a break from your deeper ruminations ( ? ) . What's it gonna be tonight Philly ( creamcheese ) or Detroit ( BBQ wings ) ?
Since you're usually right about everything else I'll take your judgement on rthis one and give Ted 2-1 odds. ( Of course if you pick Detroit he still won't take the odds! )

MAI ( Multilateral Agreement on Investment ) prepared by O.E.C.D.

Although MAI was scheduled for ratification by the USofA Senate this fall, it has not yet been released to the public. It has been drafted virtually in secret over the last two years and has had almost no coverage in the press. ( Canada election, not mentioned )
http://world.std.com/~dadams/MAI/

The government wants it signed and the less said about it the better.
One section references, something about not allowing free-for-all investment to hurt too much. ( Gold, maybe eh! )

Also: No sovereign government ( for next 15 years ) would have the right to give any regulatory advantage to the firms that are based in that government's own country.

The MAI agreement, negotiated queitly by government and trade representatives of the 29 richest nations, is designed to free the flow of investment capital and profits.

Well guys, what will this do for gold. Are we in a free market. The rules have changed, how will one, take advantage of such happenings.

MAI ( Multilateral Agreement on Investment ) prepared by O.E.C.D.

Although MAI was scheduled for ratification by the USofA Senate this fall, it has not yet been released to the public. It has been drafted virtually in secret over the last two years and has had almost no coverage in the press. ( Canada election, not mentioned )
http://world.std.com/~dadams/MAI/

The government wants it signed and the less said about it the better.
One section references, something about not allowing free-for-all investment to hurt too much. ( Gold, maybe eh! )

Also: No sovereign government ( for next 15 years ) would have the right to give any regulatory advantage to the firms that are based in that government's own country.

The MAI agreement, negotiated queitly by government and trade representatives of the 29 richest nations, is designed to free the flow of investment capital and profits.

Well guys, what will this do for gold. Are we in a free market. The rules have changed, how will one, take advantage of such happenings.

Mooney,

I saw it on CBC news at 6:00 pm. The news segment also talked about the economic impact on Sudbury Ont.
A long strike is very possible. No talks are scheduled.
Workers were also interviewed. They want some of the big INCO dollars.
Inco has not offered a wage increase. Only better pension plan.

Mooney,

I saw it on CBC news at 6:00 pm. The news segment also talked about the economic impact on Sudbury Ont.
A long strike is very possible. No talks are scheduled.
Workers were also interviewed. They want some of the big INCO dollars.
Inco has not offered a wage increase. Only better pension plan.

That should of been Hawk, not Haw..... sorry

That should of been Hawk, not Haw..... sorry

Hold your tickets - all bets are off. Philly just took the lead on a power play goal. ( six pack - if you're in Canada, why ain't you watchin the game? ) Besides which if you had of asked me before the game I would have said Philly tonight. ( They have got to win a few as I predicted Detroit in seven - Right? ) Oh no - Stevie scores a big come back goal - all tied up 1-1. C U L8R

Hold your tickets - all bets are off. Philly just took the lead on a power play goal. ( six pack - if you're in Canada, why ain't you watchin the game? ) Besides which if you had of asked me before the game I would have said Philly tonight. ( They have got to win a few as I predicted Detroit in seven - Right? ) Oh no - Stevie scores a big come back goal - all tied up 1-1. C U L8R

Hawk - If you got time to watch the six o'clock news - how come you ain't got time to watch the game? OH NO - Federov has just put Detroit in the lead - un assisted! This time I'm SERIOUS - C YA!

6pak -- The free-for-all investment in gold would do exactly what BT has said. The commodity would simply stop trading at the same time the actual physical commodity couldn't be had. Perhaps that's one of the reasons they want to get this 'implemented'! So 'those' paper traders and loaners won't bite the BIG ONE! The same might also be said of a lot of other paper out there also. IMHO.

6pak -- The free-for-all investment in gold would do exactly what BT has said. The commodity would simply stop trading at the same time the actual physical commodity couldn't be had. Perhaps that's one of the reasons they want to get this 'implemented'! So 'those' paper traders and loaners won't bite the BIG ONE! The same might also be said of a lot of other paper out there also. IMHO.

Hawk - If you got time to watch the six o'clock news - how come you ain't got time to watch the game? OH NO - Federov has just put Detroit in the lead - un assisted! This time I'm SERIOUS - C YA!

Mooney. Hawk is watching ice and metals.

What's the cup made of??????Anyone know?

On the June Futures Gold contract with today intraday low, I got a confirmation of the 9th wave down from the March, l997 top. That is we had a series of lower lows. See http://www.quote.com The symbol for the chart is gcm7 ...Also I looking for a break above 153.00 on the HUI and 106.20+ on the XAU to confirm a resumption of the bull move up in both of these indexes. April 24, l997 for the XAU still stands as the low and end of the bear market for the gold stocks which began in early 1996.

On the June Futures Gold contract with today intraday low, I got a confirmation of the 9th wave down from the March, l997 top. That is we had a series of lower lows. See http://www.quote.com The symbol for the chart is gcm7 ...Also I looking for a break above 153.00 on the HUI and 106.20+ on the XAU to confirm a resumption of the bull move up in both of these indexes. April 24, l997 for the XAU still stands as the low and end of the bear market for the gold stocks which began in early 1996.

Mooney. Hawk is watching ice and metals.

What's the cup made of??????Anyone know?

Anuone know about the financial status of the HK$ after July 1st ? My take is that the Reds will use HK as a front to privatize and recapitalize the mainland economy through solicitations of western capital investment - the story story economy. Wouldn't it be interesting if the West poured dollars into China while - at the same time - the Reds poured surplus dollars into gold reserves ? Just a thought.

Cheers.

Anuone know about the financial status of the HK$ after July 1st ? My take is that the Reds will use HK as a front to privatize and recapitalize the mainland economy through solicitations of western capital investment - the story story economy. Wouldn't it be interesting if the West poured dollars into China while - at the same time - the Reds poured surplus dollars into gold reserves ? Just a thought.

Cheers.

6pak -- I might also add that it sounds more like the 'black market agreement' where the only way a company might be able to conduct its business if prices were to 'exceed' the agreements' prices, or rise, would be to conduct their purchases/sales 'off market'. Very dangerous to 'free markets' should this be implemented! It might also hail in the 'empty shelf' syndrome!

6pak -- I might also add that it sounds more like the 'black market agreement' where the only way a company might be able to conduct its business if prices were to 'exceed' the agreements' prices, or rise, would be to conduct their purchases/sales 'off market'. Very dangerous to 'free markets' should this be implemented! It might also hail in the 'empty shelf' syndrome!

Business news article I just read on Yahoo stated that Platinum reached its $25.00 move limit today. Hmmmm, I wonder how high it would have gone if there was no limit?

To All:

Last I heard a few minutes back platinum was up to around $475. Pa is $225 bid. The forward, lending and option markets have completely shutdown. Cash market spreads are $20 wide in platinum and $10 wide in Pa. Small amounts of metal can move the market a long way. There are a lot of very stressed out people. The biggest losers in the Pa market are going to be the commercial users. I know of a midsize refiner that is plum out of metal and needs to turn it into catalytic converters. We may not be too far away from the point where the politicians get involved. If GM wakes up one morning and finds that the assembly lines must grind to a halt because of no Pa it will be quite interesting. My guess is that sometime within the next month or two there will be a workout between Tiger Fund and the big commercial users of Pa. Until this happens the markets will be totally wild. Never underestimate how far out of hand these things can get. As I guessed a week or two back the next run is going on in Pt because this is the only substitute for Pa. It is looking more and more like the Russians are done with stockpile sales and will only deliver from current production. If this is the case about 2.0 MM ounces of demand will have to be rationed through price. This will keep the price of Pa high for many moons to come. Right now people believe that this is a squeeze that is a short blip and will terminate soon and things will get back to some semblance of order and prices will retreat sharply. This is clearly evidenced by the Sept Pa futures trading $50 below spot. If there is a sharp selloff when Tiger comes to terms or the Russians begin delivering, buy it. The Palladium stocks are great buys hear because no one believe this rally has legs.
Just got a call that the Platinum, and Palladium are shut down. No dealers making markets, last Platinum $525 bid. Got to run. More Later.

To All:

Last I heard a few minutes back platinum was up to around $475. Pa is $225 bid. The forward, lending and option markets have completely shutdown. Cash market spreads are $20 wide in platinum and $10 wide in Pa. Small amounts of metal can move the market a long way. There are a lot of very stressed out people. The biggest losers in the Pa market are going to be the commercial users. I know of a midsize refiner that is plum out of metal and needs to turn it into catalytic converters. We may not be too far away from the point where the politicians get involved. If GM wakes up one morning and finds that the assembly lines must grind to a halt because of no Pa it will be quite interesting. My guess is that sometime within the next month or two there will be a workout between Tiger Fund and the big commercial users of Pa. Until this happens the markets will be totally wild. Never underestimate how far out of hand these things can get. As I guessed a week or two back the next run is going on in Pt because this is the only substitute for Pa. It is looking more and more like the Russians are done with stockpile sales and will only deliver from current production. If this is the case about 2.0 MM ounces of demand will have to be rationed through price. This will keep the price of Pa high for many moons to come. Right now people believe that this is a squeeze that is a short blip and will terminate soon and things will get back to some semblance of order and prices will retreat sharply. This is clearly evidenced by the Sept Pa futures trading $50 below spot. If there is a sharp selloff when Tiger comes to terms or the Russians begin delivering, buy it. The Palladium stocks are great buys hear because no one believe this rally has legs.
Just got a call that the Platinum, and Palladium are shut down. No dealers making markets, last Platinum $525 bid. Got to run. More Later.

Business news article I just read on Yahoo stated that Platinum reached its $25.00 move limit today. Hmmmm, I wonder how high it would have gone if there was no limit?

EBN gold up 50 cents. Silver up 3 cents.

EBN gold up 50 cents. Silver up 3 cents.

Mooney: My team isn't playing *MONTREAL*

Mooney: My team isn't playing *MONTREAL*

D.A. -- You think this is also what we have to look forward to also in gold?

D.A. -- You think this is also what we have to look forward to also in gold?

FWIW, Dallas Gold and Silver Exchange ( DGSE ) currently shows platinum up 25.00 at 461.60. Previous close at 436.60. Also now shows gold up .70.

Mooney: I don't even know how to respond. .... Hand me bagel and pass the cream cheese? ...... actually does sound good. Nah! wouldn't go with the cheap red wine. ..... ( :- ) )

Mooney: I don't even know how to respond. .... Hand me bagel and pass the cream cheese? ...... actually does sound good. Nah! wouldn't go with the cheap red wine. ..... ( :- ) )

FWIW, Dallas Gold and Silver Exchange ( DGSE ) currently shows platinum up 25.00 at 461.60. Previous close at 436.60. Also now shows gold up .70.

Eldo: Methinks we should all undergo a transformation and become platinum bugs or palladium bugs. HL Mencken once said: "Sin should be left to the congenitally sinful, who know when to touch it and when to leave it alone". ......... I'm beginning to think the same thing about gold. Some of us are not congenital goldbugs. We come to it, innocently, as a result of a distorted view of the world and bad living habits. We should just leave the damn thing to those so genetically inclined...... ( :- ) )

Eldo: Methinks we should all undergo a transformation and become platinum bugs or palladium bugs. HL Mencken once said: "Sin should be left to the congenitally sinful, who know when to touch it and when to leave it alone". ......... I'm beginning to think the same thing about gold. Some of us are not congenital goldbugs. We come to it, innocently, as a result of a distorted view of the world and bad living habits. We should just leave the damn thing to those so genetically inclined...... ( :- ) )

Earl -- Perhaps you are correct in that! A few 25 dollar limit days in platinum beats the hell out of a couple dollar move in gold! HAR!

Earl -- Perhaps you are correct in that! A few 25 dollar limit days in platinum beats the hell out of a couple dollar move in gold! HAR!

DGSE now has gold up 1.20 and silver up a nickle! Maybe the P metals move is catching on!

As A Liberal/Left wing politico I know discouragement, and Kitco ( re my disparaged political views ) is just another example but it does not in the least effect my commitment to the progressive cause. Same commitment Re Gold & Silver ie dont give up the fight "we are right and will eventually be proven so" Gold will rise and the short sellers will rue the day". The problems in platinum and palladium are indicative and perhaps predictive. Our day is coming soon!

As A Liberal/Left wing politico I know discouragement, and Kitco ( re my disparaged political views ) is just another example but it does not in the least effect my commitment to the progressive cause. Same commitment Re Gold & Silver ie dont give up the fight "we are right and will eventually be proven so" Gold will rise and the short sellers will rue the day". The problems in platinum and palladium are indicative and perhaps predictive. Our day is coming soon!

DGSE now has gold up 1.20 and silver up a nickle! Maybe the P metals move is catching on!

MAI Agreement details:
http://www.essential.org/monitor/mai/contents.html

Privatization item:
http://www.essential.org/monitor/mai/two.html#privatization
Alternative 2
# 56 [ Special share holding arrangements including, inter alia,
a ) The retention of " Goldenshares " by Contracting Parties,
b ) Stable shareholder groups assembled by Contracting Parties,
c ) management/employee buyouts, and
d ) ** voucher schemes for members of the public **
hold strong potential for discrimination against foreign investors and are, infact, inconsistant with National Treatment and MFN treatment obligations in many instances ]

Canada,Germany,United Kingdom,Sweden,Spain,Czech Republic,France,Japan,
UsofA,Norway, Hungary etc.

EBN Gold up 1.0 and Silver up 4 cents....Detroit Red Army 4-1 over Flyers early in second period...

EBN Gold up 1.0 and Silver up 4 cents....Detroit Red Army 4-1 over Flyers early in second period...

MAI Agreement details:
http://www.essential.org/monitor/mai/contents.html

Privatization item:
http://www.essential.org/monitor/mai/two.html#privatization
Alternative 2
# 56 [ Special share holding arrangements including, inter alia,
a ) The retention of " Goldenshares " by Contracting Parties,
b ) Stable shareholder groups assembled by Contracting Parties,
c ) management/employee buyouts, and
d ) ** voucher schemes for members of the public **
hold strong potential for discrimination against foreign investors and are, infact, inconsistant with National Treatment and MFN treatment obligations in many instances ]

Canada,Germany,United Kingdom,Sweden,Spain,Czech Republic,France,Japan,
UsofA,Norway, Hungary etc.

Hedging by South African marginal mines

1 ) The unemployment rate in South Africa is in the order of 40% ( thats right, forty ) .
2 ) The gold mines are an important source of employment - a not insignificant number are employed by 'marginal mines' i.e., mines where mining costs are around or below the ruling gold price. It is clearly important to keep these marginal mines operating to prevent a deterioration in the employment situation - this would exacerbate the crime and violence in the country which is already of heroic proportions. HENCE HEDGING. The hedging in turn causes the depressed gold price - somehow, prevailing 'forces' ( who or whatever these forces are unknown to me ) have determined a price range of 340 to 350.

The question is - will the South Africans take the risk ( of the cessation of gold hedging ) ? Possible outcomes:

1 ) Gold price rises rapidly and prevents mine closures.
2 ) Continued Central Bank sales nullify effect of cessation of South African hedging activities - gold price remains depressed leading to mine closures - the ensuing deterioration in the employment situation may well result in social mayhem ( in South Africa ) .

Will South Africa stop the hedging? I don't know - do any of you?

Hedging by South African marginal mines

1 ) The unemployment rate in South Africa is in the order of 40% ( thats right, forty ) .
2 ) The gold mines are an important source of employment - a not insignificant number are employed by 'marginal mines' i.e., mines where mining costs are around or below the ruling gold price. It is clearly important to keep these marginal mines operating to prevent a deterioration in the employment situation - this would exacerbate the crime and violence in the country which is already of heroic proportions. HENCE HEDGING. The hedging in turn causes the depressed gold price - somehow, prevailing 'forces' ( who or whatever these forces are unknown to me ) have determined a price range of 340 to 350.

The question is - will the South Africans take the risk ( of the cessation of gold hedging ) ? Possible outcomes:

1 ) Gold price rises rapidly and prevents mine closures.
2 ) Continued Central Bank sales nullify effect of cessation of South African hedging activities - gold price remains depressed leading to mine closures - the ensuing deterioration in the employment situation may well result in social mayhem ( in South Africa ) .

Will South Africa stop the hedging? I don't know - do any of you?

D.A. gold and silver are moving too, but no one else has access to pl and pa prices except that DGSE shows limit move up foe pa. would you please keep us posted.

D.A. gold and silver are moving too, but no one else has access to pl and pa prices except that DGSE shows limit move up foe pa. would you please keep us posted.

Duke of Earl... I have to admit you have some erudite posts tonight.
Surely must be that California merlot. Or perhaps your holding some
palladium you forgot to tell us about?

Duke of Earl... I have to admit you have some erudite posts tonight.
Surely must be that California merlot. Or perhaps your holding some
palladium you forgot to tell us about?

D.A. In your 20:53 post you wrote, "If there is a sharp selloff when Tiger comes to terms or the Russians begin delivering, buy it." I'm not clear as to exactly what you mean. If Tiger or the Russians actually deliver the prices will instantly drop, right? 'Buy it' means: 1 ) sell and go short or 2 ) sell, wait for it to dip, and re-purchase on the turnaround to the upside? My wife and I don't agree on what you mean. I say #1 she says #2. In the interest of domestic tranquility I eagerly await you reply. I still managed to hold on to 120 oz's of PL and 700 oz's of PA despite getting whipsawed out of 11 PA positions on the big drop last week. Now I really want to know how best to play it. Anyway, many thanks in advance. I'll be back later.

D.A. In your 20:53 post you wrote, "If there is a sharp selloff when Tiger comes to terms or the Russians begin delivering, buy it." I'm not clear as to exactly what you mean. If Tiger or the Russians actually deliver the prices will instantly drop, right? 'Buy it' means: 1 ) sell and go short or 2 ) sell, wait for it to dip, and re-purchase on the turnaround to the upside? My wife and I don't agree on what you mean. I say #1 she says #2. In the interest of domestic tranquility I eagerly await you reply. I still managed to hold on to 120 oz's of PL and 700 oz's of PA despite getting whipsawed out of 11 PA positions on the big drop last week. Now I really want to know how best to play it. Anyway, many thanks in advance. I'll be back later.

Mooney: What game are you watching????
The Flyers never had the lead!

Eldo:

I'm getting more and more bullish on gold as the days go by. I will still wait for a signal from my system, but when I see one I will jump big. Whats going on in the white metals is symptomatic of the gigantic transition that is underway. As has been documented here over the last several days, the swing of the political pendulum is gathering great momentum. Just when central banks should be on the alert for world wide syncronous growth with attendant inflation risks they are being politically bludgeoned. Their hands are tied and the blindfolds are in place. Combine this with 17 years of deflationary expectations which have caused inventories to be considered useless baggage and you have a very volatile brew. I don't know if the white metal move will be the catalyst but it may well be. If it comes to GM having to shut down production or come to terms with Tiger fund, a very large light bulb is going to go off in the minds of many purchasing managers throughout the world. The point that inventories have real economic value is going to be driven home in spectacular fashion. This may cause a fevered restocking which will drive commodity prices and growth wild. This will also be the death knell for the financial markets. Somewhere in the ensuing melee the yellow metal will catch fire. Where as the Palladium market can accomodate very few players and very little money, we all know that the gold market can be accessible to the masses. If it rises they will come. Reading today's posts their is such a feeling of gloom here about gold and the XAU that it is a lock that gold is going higher now. Forget $340. No way. This bull market started a few months back at $336. The first good leg is about to get underway. We are going to put the precious back into these metals.

Eldo:

I'm getting more and more bullish on gold as the days go by. I will still wait for a signal from my system, but when I see one I will jump big. Whats going on in the white metals is symptomatic of the gigantic transition that is underway. As has been documented here over the last several days, the swing of the political pendulum is gathering great momentum. Just when central banks should be on the alert for world wide syncronous growth with attendant inflation risks they are being politically bludgeoned. Their hands are tied and the blindfolds are in place. Combine this with 17 years of deflationary expectations which have caused inventories to be considered useless baggage and you have a very volatile brew. I don't know if the white metal move will be the catalyst but it may well be. If it comes to GM having to shut down production or come to terms with Tiger fund, a very large light bulb is going to go off in the minds of many purchasing managers throughout the world. The point that inventories have real economic value is going to be driven home in spectacular fashion. This may cause a fevered restocking which will drive commodity prices and growth wild. This will also be the death knell for the financial markets. Somewhere in the ensuing melee the yellow metal will catch fire. Where as the Palladium market can accomodate very few players and very little money, we all know that the gold market can be accessible to the masses. If it rises they will come. Reading today's posts their is such a feeling of gloom here about gold and the XAU that it is a lock that gold is going higher now. Forget $340. No way. This bull market started a few months back at $336. The first good leg is about to get underway. We are going to put the precious back into these metals.

Mooney: What game are you watching????
The Flyers never had the lead!

Tarnished: What a vicious unprovoked attack on the CEO of Cow Bay Productions...fer shame...fer shame..

Tarnished: What a vicious unprovoked attack on the CEO of Cow Bay Productions...fer shame...fer shame..

Strad -- If I may comment: #1 ) As Dr. Doom says, She will never short a trending market! I agree! That would be a very fine way to put you butt in a frying pan! No one knows where it can/will go to. You might sell, but until the day comes when the trend has really turned, I certainly would not be shorting it! #2 ) If D.A.s' news of 525 bid on the platinum is real, then there will be at least two more days of limit up moves in that metal! Do not sell yourself short. It should give some 'wriggle' before it tops out! Good trading!

Strad -- If I may comment: #1 ) As Dr. Doom says, She will never short a trending market! I agree! That would be a very fine way to put you butt in a frying pan! No one knows where it can/will go to. You might sell, but until the day comes when the trend has really turned, I certainly would not be shorting it! #2 ) If D.A.s' news of 525 bid on the platinum is real, then there will be at least two more days of limit up moves in that metal! Do not sell yourself short. It should give some 'wriggle' before it tops out! Good trading!

I was just reviewing the DJ headlines for the day when I came across a good one.

"AIG International denies rumor of default on NYMEX Palladium."

That headline was posted at 12:42 P.M. E.D.T. by Dow Jones. Is this twilight zone stuff or what?

I was just reviewing the DJ headlines for the day when I came across a good one.

"AIG International denies rumor of default on NYMEX Palladium."

That headline was posted at 12:42 P.M. E.D.T. by Dow Jones. Is this twilight zone stuff or what?

EBN Gold up 1.10 and Silver up 3 cents....fer shame Mr.Tarnished!

EBN Gold up 1.10 and Silver up 3 cents....fer shame Mr.Tarnished!

M. Graves: Ediot!....What's not to like?!

M. Graves: Ediot!....What's not to like?!

Earl @ 21:17 Right on Earl, this person arrived at this site, innocently, yes, with a distorted view & bad living habits.

Now, Agents abound, conspiracy is rampant, Trade Agreements, Central Banks, International Bankers, on and on, Hell, I thought I would use due diligence, and investigate the potential of Gold, as an investment. Then it leads to Government, and crack pots, drugs, manipulation. etc.

Gold is not easy to understand. Nor, are those that follow the Gold, and all of its ramifications. Seven Months at this site, and I am getting
frustrated. There appears to be many more questions, then answers.
I get myself on the wrong side of the moves in Gold. But, that is the design of those that control this metal eh ! ha, ha, ha,

Earl @ 21:17 Right on Earl, this person arrived at this site, innocently, yes, with a distorted view & bad living habits.

Now, Agents abound, conspiracy is rampant, Trade Agreements, Central Banks, International Bankers, on and on, Hell, I thought I would use due diligence, and investigate the potential of Gold, as an investment. Then it leads to Government, and crack pots, drugs, manipulation. etc.

Gold is not easy to understand. Nor, are those that follow the Gold, and all of its ramifications. Seven Months at this site, and I am getting
frustrated. There appears to be many more questions, then answers.
I get myself on the wrong side of the moves in Gold. But, that is the design of those that control this metal eh ! ha, ha, ha,

Strad -- Change 'trending market' to 'UP-trending market'! A descending market trend can certainly be shorted.

Strad -- Change 'trending market' to 'UP-trending market'! A descending market trend can certainly be shorted.

BMI shows a high of 347.2 in august gold happening recently! But now at 346.1 last.

BMI shows a high of 347.2 in august gold happening recently! But now at 346.1 last.

D.A.: 525. on platinum, something big must be happening.
What will the exchanges do tomorrow? I would assume some traders are
sitting on some large short positions, thinking this rally isn't for real.
This reminds me of an incident @ 4 months ago when a friend wanted to
buy 3 ozs. of platinum at a large retail precious metals dealer. The said they had 1 oz. in stock and couldn't say when they would get more.
The bar charge was $40. above spot.
I wonder how many bars you could find tomorrow.....
Platinum is @ 23 times as rare as Gold, and could have a long way to go yet. To top things off the boom in PC sales is causing more demand as
platinum is required in chip manufacture.
Looks like Gold is the poor mans platinum for now, but for how much longer?
I was going to hold off on buying more Gold calls, hoping for a pullback
but I may jump the gun tomorrow. Merrill Lynch, get ready to write some
more calls........

Does anybody have access to NYMEX Access quotes for PL and PA?

Does anybody have access to NYMEX Access quotes for PL and PA?

D.A.: 525. on platinum, something big must be happening.
What will the exchanges do tomorrow? I would assume some traders are
sitting on some large short positions, thinking this rally isn't for real.
This reminds me of an incident @ 4 months ago when a friend wanted to
buy 3 ozs. of platinum at a large retail precious metals dealer. The said they had 1 oz. in stock and couldn't say when they would get more.
The bar charge was $40. above spot.
I wonder how many bars you could find tomorrow.....
Platinum is @ 23 times as rare as Gold, and could have a long way to go yet. To top things off the boom in PC sales is causing more demand as
platinum is required in chip manufacture.
Looks like Gold is the poor mans platinum for now, but for how much longer?
I was going to hold off on buying more Gold calls, hoping for a pullback
but I may jump the gun tomorrow. Merrill Lynch, get ready to write some
more calls........

EBN Gold up 1.15 and Silver up 3 cents....Employment report tomorrow!

EBN Gold up 1.15 and Silver up 3 cents....Employment report tomorrow!

Strad and Mrs. Strad and any little fiddles:

My thoughts on Pa are that if you own it you are long Sept futures since I doubt you are messing around in the deliverable. If I held this position I would just sit tight. Even if the spot gets sold off I don't think anything bad is going to happen to Sept. If the spot gets sold off and Sept goes down I will be buying with both hands. Right now I'm trying to manage our load in the spot market. We have sold out about 2/3 of our position. We are very, very, happy.

On the Platinum side I'm guessing that you're in July. I have absolutely no idea what is going on here although we hold a small position. Its likely to be limit up on the open tommorrow. Since this will be $50 in two days it might be nice to book a profit. Tonight's action from what I hear is being driven by delta hedging against open option positions. Platinum has a long history of major spike reversals. It would be a pity to watch a huge move evaporate. Then again it might go straight to $600. In short, I don't know. I'll try to keep you updated on the cash market, but right now there isn't one. Most odd.


Whatever you do, don't play these things from the shortside, not even for a minute. No sense dying trying to be a hero. The playing field is currently littered with the bodies of would be heros.

Sorry I haven't replied to your email but I've been in around the clock mode of late. All is well with my family.

Best Regards,
D.A.

Strad and Mrs. Strad and any little fiddles:

My thoughts on Pa are that if you own it you are long Sept futures since I doubt you are messing around in the deliverable. If I held this position I would just sit tight. Even if the spot gets sold off I don't think anything bad is going to happen to Sept. If the spot gets sold off and Sept goes down I will be buying with both hands. Right now I'm trying to manage our load in the spot market. We have sold out about 2/3 of our position. We are very, very, happy.

On the Platinum side I'm guessing that you're in July. I have absolutely no idea what is going on here although we hold a small position. Its likely to be limit up on the open tommorrow. Since this will be $50 in two days it might be nice to book a profit. Tonight's action from what I hear is being driven by delta hedging against open option positions. Platinum has a long history of major spike reversals. It would be a pity to watch a huge move evaporate. Then again it might go straight to $600. In short, I don't know. I'll try to keep you updated on the cash market, but right now there isn't one. Most odd.


Whatever you do, don't play these things from the shortside, not even for a minute. No sense dying trying to be a hero. The playing field is currently littered with the bodies of would be heros.

Sorry I haven't replied to your email but I've been in around the clock mode of late. All is well with my family.

Best Regards,
D.A.

DA: I'm with you. Go get em tiger.

DA: I'm with you. Go get em tiger.

This was certainly worth coming out of hibernation for. You guys are the best.

This was certainly worth coming out of hibernation for. You guys are the best.

Hi then, Hello again.
Bid price for platinum $500 this moment! Who said yesterday $100 gold/platinum spread?
Oh, I did. Sorry I underestimated. July platinum $554 at last glance, backwardization is severe.. Got out at $448, missed a couple bucks at the top but maybe there will be some profit taking tomorrow. Ill do it again next week. Palladium bounced off $200 like a cement floor. My $204 looked pretty good at $227 in London overnight. I kept it anyway. Strong support in New York today. Palladium will gap up tomorrow. What did I say yesterday? $250 by Friday? Lease rates have reached 300%. The Russian government has suspended all fuel shipments to Norilsk. How will long suffering miners dig ore, process ore, and smelt ore with no fuel? Do you think this move was designed to drive palladium to new highs? Only the Russians have consistently demonstrated the finesse required to simply talk a market up or down. Dare I say, palladium has an outside chance of going higher than gold?? Those of us with the courage of our convictions are riding a righteous crest unmindful of the remaining doubts of risk gnawing the bones of our more sensible selves.

They heard me in the silver pits and responded nicely with an 11 cent trading day. Did anyone cover your gold at $339.50? Look for a bounce in sympathy with the PGMs and sell it into the basement anywhere above $346. Dont fight the central banks. They are your friends. Do what they do. Its easy.

Not since Tyson Foods teamed up with Hillary have industrial traders had such rotten luck. Seas of woe in Japan tonight. The lifeboats are showing no freeboard. An ocean of losses in uncovered shorts is lapping over the sides as these woebegone disbelieves of the palladium storm grimly squish their cold and wrinkled toes inside their Nikes. They will gaze at the horizon and remember fondly a time before the world turned upside down so quick. A time when up was a kinder direction. These are good men. These are brave men, whose only sin was to bite the snake once too often. The worm is out of the tunnel. The hog has turned.

Hi then, Hello again.
Bid price for platinum $500 this moment! Who said yesterday $100 gold/platinum spread?
Oh, I did. Sorry I underestimated. July platinum $554 at last glance, backwardization is severe.. Got out at $448, missed a couple bucks at the top but maybe there will be some profit taking tomorrow. Ill do it again next week. Palladium bounced off $200 like a cement floor. My $204 looked pretty good at $227 in London overnight. I kept it anyway. Strong support in New York today. Palladium will gap up tomorrow. What did I say yesterday? $250 by Friday? Lease rates have reached 300%. The Russian government has suspended all fuel shipments to Norilsk. How will long suffering miners dig ore, process ore, and smelt ore with no fuel? Do you think this move was designed to drive palladium to new highs? Only the Russians have consistently demonstrated the finesse required to simply talk a market up or down. Dare I say, palladium has an outside chance of going higher than gold?? Those of us with the courage of our convictions are riding a righteous crest unmindful of the remaining doubts of risk gnawing the bones of our more sensible selves.

They heard me in the silver pits and responded nicely with an 11 cent trading day. Did anyone cover your gold at $339.50? Look for a bounce in sympathy with the PGMs and sell it into the basement anywhere above $346. Dont fight the central banks. They are your friends. Do what they do. Its easy.

Not since Tyson Foods teamed up with Hillary have industrial traders had such rotten luck. Seas of woe in Japan tonight. The lifeboats are showing no freeboard. An ocean of losses in uncovered shorts is lapping over the sides as these woebegone disbelieves of the palladium storm grimly squish their cold and wrinkled toes inside their Nikes. They will gaze at the horizon and remember fondly a time before the world turned upside down so quick. A time when up was a kinder direction. These are good men. These are brave men, whose only sin was to bite the snake once too often. The worm is out of the tunnel. The hog has turned.

Seven Golden Threads of the Global Quilt by Oracle of Alberta ( CANADA )

A Virtual Eagles eye view of the global gold panorama. Is it a plot to create a single world currency? With the expected economic dominance of China in the 21st Century, could it be a Gold backed Yuan ( Renminbi ) ?? An Erudite & exhaustive analysis by Oracle of Alberta:
http://www.gold-eagle.com/gold_digest/alberta604.html

Seven Golden Threads of the Global Quilt by Oracle of Alberta ( CANADA )

A Virtual Eagles eye view of the global gold panorama. Is it a plot to create a single world currency? With the expected economic dominance of China in the 21st Century, could it be a Gold backed Yuan ( Renminbi ) ?? An Erudite & exhaustive analysis by Oracle of Alberta:
http://www.gold-eagle.com/gold_digest/alberta604.html

I just looked at the NYMEX platinum contract specs. If we go limit up for two consecutive days, then the expanded daily limit schedule goes into effect. The daily limit move becomes $50/oz.

There is no limit during the current delivery month. Wow! I wouldn't want to be on the wrong side of that trade!

I just looked at the NYMEX platinum contract specs. If we go limit up for two consecutive days, then the expanded daily limit schedule goes into effect. The daily limit move becomes $50/oz.

There is no limit during the current delivery month. Wow! I wouldn't want to be on the wrong side of that trade!

Gold and silver stink! I losing my freakin' shirt!

Gold and silver stink! I losing my freakin' shirt!

I Need -- Goodwill has a few shirts cheap. But are you in futures or the physical metals? Makes a BIG difference! And if you are in futures, you better learn to 'trade'! Commissions and phone calls are dirt cheap!

I Need -- Goodwill has a few shirts cheap. But are you in futures or the physical metals? Makes a BIG difference! And if you are in futures, you better learn to 'trade'! Commissions and phone calls are dirt cheap!

Eldo. No. Just some no-volume, dog with fleas mining shares!

Eldo. No. Just some no-volume, dog with fleas mining shares!

GLOBEX & FAR-EASTERN TRADING: GOLD UP 1.15 AT 344.60, PLATINUM UP 25.00 AT 436.60, PALLADIUM DOWN 2.65 AT 200.15 AND SILVER UP 7.2 CENTS AT 4.76!

GLOBEX & FAR-EASTERN TRADING: GOLD UP 1.15 AT 344.60, PLATINUM UP 25.00 AT 436.60, PALLADIUM DOWN 2.65 AT 200.15 AND SILVER UP 7.2 CENTS AT 4.76!

The slaughter of fools has begun!

Duncan: You have made a point that a one or two have raised in the past. Your timing is interesting. How doe your comments fit with the BT post earlier? SA may be swing producer who pulls the wheels off of the spec short cart by pulling in some of there hedge positions. .... T'would be nice. Eh?

Duncan: You have made a point that a one or two have raised in the past. Your timing is interesting. How doe your comments fit with the BT post earlier? SA may be swing producer who pulls the wheels off of the spec short cart by pulling in some of there hedge positions. .... T'would be nice. Eh?

The slaughter of fools has begun!

I Need -- If you enlighten us with the name of the company, perhaps there will be someone here that can provide some guidance. Personally, I don't do stocks, but many or most here do. Just ask!

I Need -- If you enlighten us with the name of the company, perhaps there will be someone here that can provide some guidance. Personally, I don't do stocks, but many or most here do. Just ask!

I Need: Don't tell me. Let me guess. Its DKT. .... Gettin' a reaction from the flea powder. ..... ( :- ) )

I Need: Don't tell me. Let me guess. Its DKT. .... Gettin' a reaction from the flea powder. ..... ( :- ) )

RJ I AM WITH YOU. I'M SELLING MY JULY XAU CALL 100'S AT MARKET AND AUG GOLD 360'S IF I CAN GET FILLED WITH A LITTLE DIGNITY. THE PGM'S ARE THE PLAY AND I CANT DO ANY WORSE THAN I HAVE OVER THE LAST YEAR. PLABUG HMMMM

I can't beleive what I'm seeing here. Tremendous upswings in the platinum market and not a word about making money off the volatility. You're all here to figure the best way to beat the market right? The fact is you'll never do it consistently trying to guess which way its going. If you happen to guess right then you're lucky, not smart.

Volatility on the other hand is ABSOLUTELY predictable! Right now its very high in the PL market. ( So what else is new ) IT WILL GO DOWN! This is an undeniable fact. At some point the PL mkt will settle back to the boring trading ranges of before. Maybe it'll be in the 360-365 range. Maybe in the 490-500 range, makes no difference because the volatility will be way, way down.

I shorted OCT 440 PL calls today taking in $9.00 per oz premium. I will buy them back WHEN, not if, the fluctuations cool down. This is the easiest way to consistently make money in this market and I can't beleive no one's said anything.

WARNING !! -------- Selling naked calls leaves you no less exposed than shorting the contract outright.

I can't beleive what I'm seeing here. Tremendous upswings in the platinum market and not a word about making money off the volatility. You're all here to figure the best way to beat the market right? The fact is you'll never do it consistently trying to guess which way its going. If you happen to guess right then you're lucky, not smart.

Volatility on the other hand is ABSOLUTELY predictable! Right now its very high in the PL market. ( So what else is new ) IT WILL GO DOWN! This is an undeniable fact. At some point the PL mkt will settle back to the boring trading ranges of before. Maybe it'll be in the 360-365 range. Maybe in the 490-500 range, makes no difference because the volatility will be way, way down.

I shorted OCT 440 PL calls today taking in $9.00 per oz premium. I will buy them back WHEN, not if, the fluctuations cool down. This is the easiest way to consistently make money in this market and I can't beleive no one's said anything.

WARNING !! -------- Selling naked calls leaves you no less exposed than shorting the contract outright.

RJ I AM WITH YOU. I'M SELLING MY JULY XAU CALL 100'S AT MARKET AND AUG GOLD 360'S IF I CAN GET FILLED WITH A LITTLE DIGNITY. THE PGM'S ARE THE PLAY AND I CANT DO ANY WORSE THAN I HAVE OVER THE LAST YEAR. PLABUG HMMMM

I think we can all agree that someday what is happening in Platinum and Palladium will happen in Silver and Gold. The ques is whether all this short selling will cause a problem for our gold companies that sell short. When is it dangerous if ever/the cos I invest in say they only have 15% of reserves sold short and that if the price rose they would love it and roll forward. Does this make sense or is this smoke. Further one co is very short near term ie double 1997 production short 390 calls with all shorts after 12/31/97 covered. Where is the risk if any whats the deal/Comments please.

I think we can all agree that someday what is happening in Platinum and Palladium will happen in Silver and Gold. The ques is whether all this short selling will cause a problem for our gold companies that sell short. When is it dangerous if ever/the cos I invest in say they only have 15% of reserves sold short and that if the price rose they would love it and roll forward. Does this make sense or is this smoke. Further one co is very short near term ie double 1997 production short 390 calls with all shorts after 12/31/97 covered. Where is the risk if any whats the deal/Comments please.

John Disney: Are you lurking this evening? Thanks for those posts on Db-deep and BLYDY.

John Disney: Are you lurking this evening? Thanks for those posts on Db-deep and BLYDY.

Option Man -- What I said to Strad: DITTO!

Option Man -- What I said to Strad: DITTO!

In todays London Times.


June 6 1997
NORTH AFRICA


Mountain find sparks gold fever in
Egypt

BY CHRISTOPHER WALKER


GOLD fever hit Egypt yesterday after official confirmation of
the surprise discovery of huge deposits in an inhospitable and
remote range of hills on the border with Libya.

"There is no other discovery like this in Egypt. In fact, it
could be considered a rare discovery on the world level,"
Gaber Naeim, chairman of the Geological Survey of Egypt,
told the semi-official Cairo daily al-Akhbar.

The gold is in Jabal Kamel, a rocky outcrop close to the
point where the borders of Egypt, Libya and Sudan meet.
According to Mr Naeim, its quantity dwarfs all other gold
deposits found in the country of 60 million people, the most
populous in the Arab world.

After the controversy surrounding recent exaggerated
reports of gold finds in Indonesia, diplomatic and industry
sources remained wary of assessing the significance of the
Egyptian discovery until more precise data were made
available by the Cairo Government. "It is too early to say
what effect, if any, this will have on the world market," one
diplomat said.

Even before the discovery put Egypt's economic prospects
into a new light, one foreign company, Pharaoh Gold Mines
of Australia, was prospecting for gold in the Eastern Desert
and planned to start production there in the middle of this
year. Six other companies were negotiating for concessions
to prospect for gold, either in the Eastern Desert or in
southern Sinai, territory recovered from Israel under the
1979 peace treaty.

The riches buried deep under Jabal Kamel came to light after
the survey sent geologists to the area to look for iron-ore
deposits. They were taken aback to find that there was more
gold than iron in the rock.

"The idea was that the gold could cover part of the large
costs of exploiting the iron ore and transporting it out of this
remote area. But it later became clear that the gold was
fundamental and the iron was subsidiary," Mr Naeim said.

He gave no figures for the concentration of gold in the 185
samples his department has taken in two seasons of
exploration.

But he said: "The results showed that the concentration of
gold in the ore is extremely high and that the amount of ore
itself is also extremely high."

The newly found deposits are in a range of hills seven to
eight miles long and six miles across. The seams are between
13ft and 250ft thick. "Under the surface of the Earth, there is
another deposit, the size of which is not yet known," Mr
Naeim said. The extent of the unexpected discovery in the
mountains sparked interest throughout the Middle East, with
experts anxious to obtain more detailed figures.

Mr Naeim said that some of the gold was inside Libya and
that Egypt had signed a deal with the Libyan authorities
specifying there should be joint exploitation of the deposits
on the border.

In todays London Times.


June 6 1997
NORTH AFRICA


Mountain find sparks gold fever in
Egypt

BY CHRISTOPHER WALKER


GOLD fever hit Egypt yesterday after official confirmation of
the surprise discovery of huge deposits in an inhospitable and
remote range of hills on the border with Libya.

"There is no other discovery like this in Egypt. In fact, it
could be considered a rare discovery on the world level,"
Gaber Naeim, chairman of the Geological Survey of Egypt,
told the semi-official Cairo daily al-Akhbar.

The gold is in Jabal Kamel, a rocky outcrop close to the
point where the borders of Egypt, Libya and Sudan meet.
According to Mr Naeim, its quantity dwarfs all other gold
deposits found in the country of 60 million people, the most
populous in the Arab world.

After the controversy surrounding recent exaggerated
reports of gold finds in Indonesia, diplomatic and industry
sources remained wary of assessing the significance of the
Egyptian discovery until more precise data were made
available by the Cairo Government. "It is too early to say
what effect, if any, this will have on the world market," one
diplomat said.

Even before the discovery put Egypt's economic prospects
into a new light, one foreign company, Pharaoh Gold Mines
of Australia, was prospecting for gold in the Eastern Desert
and planned to start production there in the middle of this
year. Six other companies were negotiating for concessions
to prospect for gold, either in the Eastern Desert or in
southern Sinai, territory recovered from Israel under the
1979 peace treaty.

The riches buried deep under Jabal Kamel came to light after
the survey sent geologists to the area to look for iron-ore
deposits. They were taken aback to find that there was more
gold than iron in the rock.

"The idea was that the gold could cover part of the large
costs of exploiting the iron ore and transporting it out of this
remote area. But it later became clear that the gold was
fundamental and the iron was subsidiary," Mr Naeim said.

He gave no figures for the concentration of gold in the 185
samples his department has taken in two seasons of
exploration.

But he said: "The results showed that the concentration of
gold in the ore is extremely high and that the amount of ore
itself is also extremely high."

The newly found deposits are in a range of hills seven to
eight miles long and six miles across. The seams are between
13ft and 250ft thick. "Under the surface of the Earth, there is
another deposit, the size of which is not yet known," Mr
Naeim said. The extent of the unexpected discovery in the
mountains sparked interest throughout the Middle East, with
experts anxious to obtain more detailed figures.

Mr Naeim said that some of the gold was inside Libya and
that Egypt had signed a deal with the Libyan authorities
specifying there should be joint exploitation of the deposits
on the border.

Did I say $554?? Meant $454. I type faster than I think.

I can't believe my eyes. A post from WW that actually is gold related!

I can't believe my eyes. A post from WW that actually is gold related!

Did I say $554?? Meant $454. I type faster than I think.

Has anyone talked to JD lately?

Fidelity Select American Gold Chart, hourly prices in percent,
seven hours ( prices ) per day, for ten days.
http://www.geocities.com/WallStreet/5969/aghr.gif

Fidelity Select American Gold Chart, hourly prices in percent,
seven hours ( prices ) per day, for ten days.
http://www.geocities.com/WallStreet/5969/aghr.gif

Has anyone talked to JD lately?

EBN Gold up 1.10 and Silver up 3 cents...Goodnight all...you Too Tarnished!

EBN Gold up 1.10 and Silver up 3 cents...Goodnight all...you Too Tarnished!

ACW:

Can you imagine if they actually drilled into someone's tomb below ground and that's why there's more gold that other metals....

Earl,... with Mooney thinking the Flyers were going to be hot, did you invite him over to help with the Litre stuff? I think he's had more than his share. And here I thought he knew his hockey. NOTHING can stop the guy from Ottawa "Stevey Y" !!!! ( :- ) )

TTFN

ACW:

Can you imagine if they actually drilled into someone's tomb below ground and that's why there's more gold that other metals....

Earl,... with Mooney thinking the Flyers were going to be hot, did you invite him over to help with the Litre stuff? I think he's had more than his share. And here I thought he knew his hockey. NOTHING can stop the guy from Ottawa "Stevey Y" !!!! ( :- ) )

TTFN

Before everyone nods off for the night, have a look at this from ABN Site headlines.Do the Chinese know something?
From ABN news room at 6 June 1997 @ 1100hrs
China stops bank money into bourses...


China has unveiled plans to halt the flow of bank funds into the stock market and set a deadline for commercial banks to unwind positions on the markets. Reports say commercial banks must stop trading treasury debt repurchase agreements on the nation's two stock exchanges from today. The move is part of previously announced measures aimed at limiting financial risk. Those measures also aim to protect the banking system which has recently pumped huge amounts of cash into China's stock markets. The central bank has also banned overdrafts used for buying stocks and asked each commercial bank to investigate its own activities to ensure they are complying with regulations.

Copyright  1996 Asia Business News. All Rights Reserved.

Hello Bart:

You buy and sell the PGMs and gold and silver.

Please tell us how these lease rates are effecting your buisness and are you seeing the same thing ( developing ) in Gold and silver?

Regards

Hello Bart:

You buy and sell the PGMs and gold and silver.

Please tell us how these lease rates are effecting your buisness and are you seeing the same thing ( developing ) in Gold and silver?

Regards

Before everyone nods off for the night, have a look at this from ABN Site headlines.Do the Chinese know something?
From ABN news room at 6 June 1997 @ 1100hrs
China stops bank money into bourses...


China has unveiled plans to halt the flow of bank funds into the stock market and set a deadline for commercial banks to unwind positions on the markets. Reports say commercial banks must stop trading treasury debt repurchase agreements on the nation's two stock exchanges from today. The move is part of previously announced measures aimed at limiting financial risk. Those measures also aim to protect the banking system which has recently pumped huge amounts of cash into China's stock markets. The central bank has also banned overdrafts used for buying stocks and asked each commercial bank to investigate its own activities to ensure they are complying with regulations.

Copyright  1996 Asia Business News. All Rights Reserved.

Front: Mooney knows nothin about hockey......

Front: Mooney knows nothin about hockey......

Front: Who were the Flyers? Were they the metaphorical cream cheese? I apologize, with out a score card, I can't keep 'em straight. ..... ( :- ) )

Front: Who were the Flyers? Were they the metaphorical cream cheese? I apologize, with out a score card, I can't keep 'em straight. ..... ( :- ) )

Front - I was not really 'thinking' - more like hoping! The reason being that I wanted the series to go at least six games if not seven - the reason being I LOVE to watch playoff games!

Front - I was not really 'thinking' - more like hoping! The reason being that I wanted the series to go at least six games if not seven - the reason being I LOVE to watch playoff games!

I think you will find the following a MUST READ!

For those of you turned off by my typos in the previous postings, What can I say? I was on a roll. Who has time to proofread? Stream of consciousness, no editing, posted immediately. I rely too heavily on my spell check. If you had trouble reading my little gold ditty ( I certainly did ) Here is a slightly more coherent version. These are the first messages I have ever posted to this or any other group.

June 5,1997 00:26

Look for the Russians to announce resumption of palladium shipments next week with barely enough to under satisfy current demand. Every major price move in the last two months has been preceded by announcements from Russia. Forget about production or stockpiles, they have been sellers at the highs - announce everything is OK, supplies will meet demands, and buyers at the lows - silence or cautious optimism. Who needs to produce palladium when you can pay for your low priced deliveries with massive profits from your shorts? This has been one of the most beautifully manipulated markets I have seen in the last decade. $250 palladium is a lock, probably by Friday. There will be Japanese traders jumping out of windows tonight when they find it next to impossible to cover shorts. Profit taking ( finally ) will not take it below $200. look for $275 before the month is out. For those of you worried about stockpiles, they are nearly nonexistent - 2 years max. Norilsk is operating at 25% tops. Unpaid miners dig with broken machinery. Western money is too spread out to even begin to rebuild infrastructure. Only those with hot blood and money to burn will play palladium. For those of you looking for a real play, look for platinum to repeat the 1986 - 1990 levels. The $420's will be a distant memory of bargain basement levels by August. Can platinum top $500 and stay there for awhile? Not the first time, nor the second, but it can and will. South Africa can smell the money and they will come out to play soon. $450 in June. Save this message and remember you were advised in advance.


June 5, 1997 01:48

PS
Silver will take a run at $5.00 in the next couple weeks, if it breaks through, $5.40 soon. Gold is done for this year. $350 is screaming short and $325 may not be the low, but I doubt it will break $300. I have traded enough gold in my time to think it deserves a descent Christian burial, but that will just create a martyr. Instead, I will be respectful and kind and lay piles of straw at the bottom for a hopefully soft landing. A dear friend, so injured now, can still draw from afar, resources to breathe life where little resides, but enough to always not ignore. I know there are numerous markers out there that we may collect for the sickly yellow lass as we set heR gently on the straw. We will hear her stories and pat her nuggets. With a blown kiss and encouragement to rest easy tonight, we will depart for business.

We will sell her for her beauty,
We will sell her for her class,
We will sell her because she is
Our little golden lass.
One day true
we may buy
But for the life of us all
Who among us knows why?

I trade millions every week ( my clients $, not my own ) in the three beautiful metals with some rolls of the dice in palladium. I speak with traders on the floor, and traders up above. When I have concerns over near term disruptions in supply, We are more likely to be found having lunch and a game of darts in some mock pub with the South African Ambassador. It's nice to know what they think, and our understanding of their thoughts carry less self service than any other who propose to love and cherish through good and bad.

Im a new guy here but I trade lots-o-metals every day. I have read these postings off and on for months with nary a desire to post but I'm having too much fun and see too much ahead to remain silent. I count among my brethren those who were compelled to buy platinum and short gold on that magical day last December when platinum dipped below gold. My true brothers were not fooled by platinum tracking gold dollar for dollar and held, and held, and hold until today when they will hold some more. $75 spread is not nearly enough to reward the courage it took to stay. Gold/platinum spread will rise to $100. It's still a play, but with some of the bottom gone, a slightly more meager one, albeit with acceptable returns. What the hell, the risk is almost nonexistent. I know I am a guest in this group, and as such I will comport myself with dignity and hope to have the same extended to me. Please do not confuse my enthusiasm and confidence for arrogance.. There comes a time in which our introduction to the world cements certain expectations. We will talk of those next time.

RJ

PPS.
This is what I do for a living. Only metals, I love It. I have personally moved the market recently. 10,000 oz in a market as thin as palladium becomes a market of its own. Let me know if you need a no Real time, real world, no BS take on the market
June 5, 1997 02:51

Yellowdog,

It's simple. Gold will decline, silver will rise. Don't be shocked, it happens all the time. Especially with the twin specters of German & Swiss central banks wanting to "re-value" their gold reserves. This is all preparatory to some actual gold sales from these major countries this year. Look out for France and England. Forget about price ratios, forget about inflation or any other thing on the rest of the earth. If you believe that European central banks will forever cap gold this year, look to place some shorts. This voodoo accounting from the Swiss and Germans have cast a profane and ugly pall over the gold market. Yes! Silver will rise - gold will fall...... The best of both worlds..... show me the $.


Jun 5, 1997 03:08

There is no more a relationship between gold and the PGMs. One is trading with a dark cloud overhead with worries of convictions of high crimes and misdemeners. Silver is overdue for another .60 run. The PGMs are operating on their own fundamentals. Forget about gold and silver this time around. The current short squeeze in the PGMs is unprecedented, so we will continue to see lower gold and higher silver. You've got to believe!!!!! "did you believe in peanut butter"?

June 5, 1997 08:08

RE: Wall Street Journal palladium lease rates at 150%: As usual, if the WSJ prints it, it's old news. 150% was last week. 260% last night, who knows today? But what's in a lease rate when no one will lend? The mother of all short squeezes could only be in it's infancy. It will be brutal in New York today. Now we're having fun................

I think you will find the following a MUST READ!

For those of you turned off by my typos in the previous postings, What can I say? I was on a roll. Who has time to proofread? Stream of consciousness, no editing, posted immediately. I rely too heavily on my spell check. If you had trouble reading my little gold ditty ( I certainly did ) Here is a slightly more coherent version. These are the first messages I have ever posted to this or any other group.

June 5,1997 00:26

Look for the Russians to announce resumption of palladium shipments next week with barely enough to under satisfy current demand. Every major price move in the last two months has been preceded by announcements from Russia. Forget about production or stockpiles, they have been sellers at the highs - announce everything is OK, supplies will meet demands, and buyers at the lows - silence or cautious optimism. Who needs to produce palladium when you can pay for your low priced deliveries with massive profits from your shorts? This has been one of the most beautifully manipulated markets I have seen in the last decade. $250 palladium is a lock, probably by Friday. There will be Japanese traders jumping out of windows tonight when they find it next to impossible to cover shorts. Profit taking ( finally ) will not take it below $200. look for $275 before the month is out. For those of you worried about stockpiles, they are nearly nonexistent - 2 years max. Norilsk is operating at 25% tops. Unpaid miners dig with broken machinery. Western money is too spread out to even begin to rebuild infrastructure. Only those with hot blood and money to burn will play palladium. For those of you looking for a real play, look for platinum to repeat the 1986 - 1990 levels. The $420's will be a distant memory of bargain basement levels by August. Can platinum top $500 and stay there for awhile? Not the first time, nor the second, but it can and will. South Africa can smell the money and they will come out to play soon. $450 in June. Save this message and remember you were advised in advance.


June 5, 1997 01:48

PS
Silver will take a run at $5.00 in the next couple weeks, if it breaks through, $5.40 soon. Gold is done for this year. $350 is screaming short and $325 may not be the low, but I doubt it will break $300. I have traded enough gold in my time to think it deserves a descent Christian burial, but that will just create a martyr. Instead, I will be respectful and kind and lay piles of straw at the bottom for a hopefully soft landing. A dear friend, so injured now, can still draw from afar, resources to breathe life where little resides, but enough to always not ignore. I know there are numerous markers out there that we may collect for the sickly yellow lass as we set heR gently on the straw. We will hear her stories and pat her nuggets. With a blown kiss and encouragement to rest easy tonight, we will depart for business.

We will sell her for her beauty,
We will sell her for her class,
We will sell her because she is
Our little golden lass.
One day true
we may buy
But for the life of us all
Who among us knows why?

I trade millions every week ( my clients $, not my own ) in the three beautiful metals with some rolls of the dice in palladium. I speak with traders on the floor, and traders up above. When I have concerns over near term disruptions in supply, We are more likely to be found having lunch and a game of darts in some mock pub with the South African Ambassador. It's nice to know what they think, and our understanding of their thoughts carry less self service than any other who propose to love and cherish through good and bad.

Im a new guy here but I trade lots-o-metals every day. I have read these postings off and on for months with nary a desire to post but I'm having too much fun and see too much ahead to remain silent. I count among my brethren those who were compelled to buy platinum and short gold on that magical day last December when platinum dipped below gold. My true brothers were not fooled by platinum tracking gold dollar for dollar and held, and held, and hold until today when they will hold some more. $75 spread is not nearly enough to reward the courage it took to stay. Gold/platinum spread will rise to $100. It's still a play, but with some of the bottom gone, a slightly more meager one, albeit with acceptable returns. What the hell, the risk is almost nonexistent. I know I am a guest in this group, and as such I will comport myself with dignity and hope to have the same extended to me. Please do not confuse my enthusiasm and confidence for arrogance.. There comes a time in which our introduction to the world cements certain expectations. We will talk of those next time.

RJ

PPS.
This is what I do for a living. Only metals, I love It. I have personally moved the market recently. 10,000 oz in a market as thin as palladium becomes a market of its own. Let me know if you need a no Real time, real world, no BS take on the market
June 5, 1997 02:51

Yellowdog,

It's simple. Gold will decline, silver will rise. Don't be shocked, it happens all the time. Especially with the twin specters of German & Swiss central banks wanting to "re-value" their gold reserves. This is all preparatory to some actual gold sales from these major countries this year. Look out for France and England. Forget about price ratios, forget about inflation or any other thing on the rest of the earth. If you believe that European central banks will forever cap gold this year, look to place some shorts. This voodoo accounting from the Swiss and Germans have cast a profane and ugly pall over the gold market. Yes! Silver will rise - gold will fall...... The best of both worlds..... show me the $.


Jun 5, 1997 03:08

There is no more a relationship between gold and the PGMs. One is trading with a dark cloud overhead with worries of convictions of high crimes and misdemeners. Silver is overdue for another .60 run. The PGMs are operating on their own fundamentals. Forget about gold and silver this time around. The current short squeeze in the PGMs is unprecedented, so we will continue to see lower gold and higher silver. You've got to believe!!!!! "did you believe in peanut butter"?

June 5, 1997 08:08

RE: Wall Street Journal palladium lease rates at 150%: As usual, if the WSJ prints it, it's old news. 150% was last week. 260% last night, who knows today? But what's in a lease rate when no one will lend? The mother of all short squeezes could only be in it's infancy. It will be brutal in New York today. Now we're having fun................

Didn't really lose much. Just impatient. Just doing some trading. Made money on CCH a few weeks ago ( small movement back and forth ) . Stocks I bought now don't get the volume to quickly move the volume of shares. I rather not say the name of the company I own now. Just companies that I really don't mind being stuck with because I feel they are good value. Just being a little impatient because the stock below and around a buck and good make a quick percentage move. Don't worry, I'm not really losing my shirt. Just funnin' and impatient.

Didn't really lose much. Just impatient. Just doing some trading. Made money on CCH a few weeks ago ( small movement back and forth ) . Stocks I bought now don't get the volume to quickly move the volume of shares. I rather not say the name of the company I own now. Just companies that I really don't mind being stuck with because I feel they are good value. Just being a little impatient because the stock below and around a buck and good make a quick percentage move. Don't worry, I'm not really losing my shirt. Just funnin' and impatient.

Ted - You're TOO much. I told you that the Red Wings were going to win BEFORE I even knew if they were going to play N.Y. or Philly and BEFORE they had even totally polished off the reining champs. - And then you go and call me out with no evidence?

earl and/or eldo: If you wanted a list of shares that is on my bottom fishing hooks, I would post ( just feel weird posting only the few I own ) .

earl and/or eldo: If you wanted a list of shares that is on my bottom fishing hooks, I would post ( just feel weird posting only the few I own ) .

Ted - You're TOO much. I told you that the Red Wings were going to win BEFORE I even knew if they were going to play N.Y. or Philly and BEFORE they had even totally polished off the reining champs. - And then you go and call me out with no evidence?

Can't even wait for reply! It was our 25th anniversary on June 3rd and the wife is yelling for me to come upstairs. Some things are more important than talking to my hockey buddies! :- )

Can't even wait for reply! It was our 25th anniversary on June 3rd and the wife is yelling for me to come upstairs. Some things are more important than talking to my hockey buddies! :- )

Do you believe that it is really administrative difficulties which hold up the Pt/Pa supplies from Russia? How difficult can it be to administer the sale of supplies from stockpiles? This situation bears close watching. If nothing comes forth from Russia, then buy SWC.

RJ -- Thanks for the postings and re-postings. I appreciate them as I'm sure many others do!

RJ -- Thanks for the postings and re-postings. I appreciate them as I'm sure many others do!

Do you believe that it is really administrative difficulties which hold up the Pt/Pa supplies from Russia? How difficult can it be to administer the sale of supplies from stockpiles? This situation bears close watching. If nothing comes forth from Russia, then buy SWC.

Could it be that someone will show up at the table and buy all the Russians have? 500 - 600 million and it's theirs. Cry havoc and let slip the dogs of war........

Could it be that someone will show up at the table and buy all the Russians have? 500 - 600 million and it's theirs. Cry havoc and let slip the dogs of war........

test. out.

test. out.