Mooney: Be COOL...hahaha...

Mooney: Be COOL...hahaha...

One take on recent developments is that France's slide into socialism, together with other forces that are working to soften Maastricht requirements for the EMU, can only further weaken an already weak European economy. After all, who will invest in France now, given the road they've just chosen for themselves? Not I. And who will invest in greater Europe if the Euro has all the strength, and instills all the confidence, of the old Peso?

The two principle economies competing with the US for the world's investment dollars are Europe and Japan. While not yet basket cases, both are in sad shape at the moment, and there appears to be no end in sight to their problems. That leaves the US way out in front for the forseeable future and that's VERY bearish for gold near and mid-term.

One take on recent developments is that France's slide into socialism, together with other forces that are working to soften Maastricht requirements for the EMU, can only further weaken an already weak European economy. After all, who will invest in France now, given the road they've just chosen for themselves? Not I. And who will invest in greater Europe if the Euro has all the strength, and instills all the confidence, of the old Peso?

The two principle economies competing with the US for the world's investment dollars are Europe and Japan. While not yet basket cases, both are in sad shape at the moment, and there appears to be no end in sight to their problems. That leaves the US way out in front for the forseeable future and that's VERY bearish for gold near and mid-term.

Any substantial increase in the quanity of money/purchasing
media will lead to an increase in commodity prices. That is
the cause of inflation. Not increased wages, particularly
if the earner produces more. Goods and services will not
appear as if my magic to meet the quanity of money printed.
Check out Ludwig von Mises, "The Theory of Money and Credits.
Nicht war?

Sooner or later Gold will rise again. Gravity has not been
repealed, yet.

Any substantial increase in the quanity of money/purchasing
media will lead to an increase in commodity prices. That is
the cause of inflation. Not increased wages, particularly
if the earner produces more. Goods and services will not
appear as if my magic to meet the quanity of money printed.
Check out Ludwig von Mises, "The Theory of Money and Credits.
Nicht war?

Sooner or later Gold will rise again. Gravity has not been
repealed, yet.

Mooney ( 23:59 ) I think you owe Mr.Tarnished an apology as I distinctly remember the Ballard conversation....Do you still say Wings in six or are you waffeling on that too...I am STILL waiting fer yer presiction on the Calder cup finals between the Hamilton Bull Dogs and the Hershey Bears...
....They are playin in yer back yard fer Christ sakes...answer me!......
tweedle dum...tweedle dee....Some hockey fan you are....

Mooney ( 23:59 ) I think you owe Mr.Tarnished an apology as I distinctly remember the Ballard conversation....Do you still say Wings in six or are you waffeling on that too...I am STILL waiting fer yer presiction on the Calder cup finals between the Hamilton Bull Dogs and the Hershey Bears...
....They are playin in yer back yard fer Christ sakes...answer me!......
tweedle dum...tweedle dee....Some hockey fan you are....

Ted - Read tarnished's post to me. He owes me an apology - believe it!
Also I predicted Detroit in six in the semis and seven in the finals so I MIGHT be wrong on the number of games it takes but it sure looks like I had the team right! :- ) . Also I gues you missed this one this past A.M. - "Date: Fri Jun 06 1997 10:40
Mooney ( moonstep@idirect.com ) :
Ted - I KNOW your hurt AND that you're joking with me. I would
have been happy to see N.Y. win also, but it just wasn't in the cards
this year. BTW - I freely admit that I know squat about the
difference between the Bull and the chocolate! "

Ted - Read tarnished's post to me. He owes me an apology - believe it!
Also I predicted Detroit in six in the semis and seven in the finals so I MIGHT be wrong on the number of games it takes but it sure looks like I had the team right! :- ) . Also I gues you missed this one this past A.M. - "Date: Fri Jun 06 1997 10:40
Mooney ( moonstep@idirect.com ) :
Ted - I KNOW your hurt AND that you're joking with me. I would
have been happy to see N.Y. win also, but it just wasn't in the cards
this year. BTW - I freely admit that I know squat about the
difference between the Bull and the chocolate! "

TO WONDERING: It would be interesting to do some research and find out if there have been defaults in the PGMs in the past and if so what happened in the aftermath. Perhaps one of our regular contributors or lurkers already know?

How it would affect the gold and silver? Probably the same way they would be affected if some shorts were to default for reasons other than short supply. There would be some name-calling, finger-pointing, and their broker would be registering for a new career in web page design. But I wouldn't expect to see much movement in the price as a direct result.

TO WONDERING: It would be interesting to do some research and find out if there have been defaults in the PGMs in the past and if so what happened in the aftermath. Perhaps one of our regular contributors or lurkers already know?

How it would affect the gold and silver? Probably the same way they would be affected if some shorts were to default for reasons other than short supply. There would be some name-calling, finger-pointing, and their broker would be registering for a new career in web page design. But I wouldn't expect to see much movement in the price as a direct result.

Ron @ 00:12-That is an interesting thought. Indeed,
perhaps that explains a lot of recent strengh in US
dollar. I don't think the EMU will fly either. Is
it possible that a failed, or weak EMU could make a
strong dollar but not affect gold that much ( in US
dollar terms ) ? My thoughts: US has same problems
as Europe and Japan, but not as severe. We have not
addressed our fiscal affairs either. I expect a
general debasement in currencies, with the Dollar
being hurt less than the Yen or EMU ( or whatever ) .
In other words, gold goes higher in Dollar terms,
but much higher in other currency terms. Would
welcome any thoughts.

Ron @ 00:12-That is an interesting thought. Indeed,
perhaps that explains a lot of recent strengh in US
dollar. I don't think the EMU will fly either. Is
it possible that a failed, or weak EMU could make a
strong dollar but not affect gold that much ( in US
dollar terms ) ? My thoughts: US has same problems
as Europe and Japan, but not as severe. We have not
addressed our fiscal affairs either. I expect a
general debasement in currencies, with the Dollar
being hurt less than the Yen or EMU ( or whatever ) .
In other words, gold goes higher in Dollar terms,
but much higher in other currency terms. Would
welcome any thoughts.

For Monsieur Earl
Zank you so much for your zo kindly support in my
time of difficultie. By zee way, ah may need a lawyer
if ah cannot stay a leetle ahead of zee peuple fron zat
last small village. Do you zink zat monsiour W. Wackair
of zee varmint region might be of assistance. Also he
iz zo funny by gar, and he talk so much, he would lift
mah spirits

For Monsieur Earl
Zank you so much for your zo kindly support in my
time of difficultie. By zee way, ah may need a lawyer
if ah cannot stay a leetle ahead of zee peuple fron zat
last small village. Do you zink zat monsiour W. Wackair
of zee varmint region might be of assistance. Also he
iz zo funny by gar, and he talk so much, he would lift
mah spirits

for Mes amis Mooney Ted and Tarnished.
Ah zink you ALL owe each ozair an apologie. If not,
Ah zink you should settle ziz mattair wiz zee FRENCH
SWORD by dam. If you require, Ah can supply zem by
air mail ( for a small fee, naturellement ) .

for Mes amis Mooney Ted and Tarnished.
Ah zink you ALL owe each ozair an apologie. If not,
Ah zink you should settle ziz mattair wiz zee FRENCH
SWORD by dam. If you require, Ah can supply zem by
air mail ( for a small fee, naturellement ) .

what happened to platinum today is a forewarning of the market situation
for gold -- heavy forward selling, massive gold loans, and physical demand far exceeding physical supply. All precious metals will soar.
The real trigger will be a stock market creash.

what happened to platinum today is a forewarning of the market situation
for gold -- heavy forward selling, massive gold loans, and physical demand far exceeding physical supply. All precious metals will soar.
The real trigger will be a stock market creash.

Mr. Bear: I am sure that the answers that follow will
never compare with those of the regulars. But anyway:

1. Unlimited supply because the stockpile will never
deplete.
Ans. Not many will melt their jewels at the low price
that we have right now, nor will others sell their pure
bullion at these prices.

2. CB's Supplies.
Ans. The big argument in Germany is more than just a
common currency question. Say different cultures - and
how they think and interact with each other.

3. No currency based on gold.
Ans. Governments have and will fail again, many are
totering as you ( may be ) reading this.

4. Major retail buyers uneducated and poor ( asia, middle
east ) .
Ans. Common sense plays a major role in decisions,
especially when applied to government actions. Most
people will defend their country, but dislike their
government.

5. Cannot rally with PMG's.
Ans. Really cannot argue, but there are many gold and
silver shorts out there.

6. Governments want low price=low inflation.
Ans. The share markets are well inflated. Government
figures are not accurate. My living costs are much
higher year over year. If I go back 20 years, I Say WOW.

7. Bre-x and friends.
Ans. They will become the goldbugs folk heros.

8.Arizona to produce gold from sand.
Ans. Considered that Bre-x was finding gold at a rate of
1 to 3 ounces per second, this, according to whose
numbers were being used.

9.No news moves gold prices.
Ans. Stock market mania has everyone invested and mania's
do end. They can fool most of the people some of the
time.
10. Negative Perceptions
Ans. A Contrian Buy signal.

Mr. Bear: I am sure that the answers that follow will
never compare with those of the regulars. But anyway:

1. Unlimited supply because the stockpile will never
deplete.
Ans. Not many will melt their jewels at the low price
that we have right now, nor will others sell their pure
bullion at these prices.

2. CB's Supplies.
Ans. The big argument in Germany is more than just a
common currency question. Say different cultures - and
how they think and interact with each other.

3. No currency based on gold.
Ans. Governments have and will fail again, many are
totering as you ( may be ) reading this.

4. Major retail buyers uneducated and poor ( asia, middle
east ) .
Ans. Common sense plays a major role in decisions,
especially when applied to government actions. Most
people will defend their country, but dislike their
government.

5. Cannot rally with PMG's.
Ans. Really cannot argue, but there are many gold and
silver shorts out there.

6. Governments want low price=low inflation.
Ans. The share markets are well inflated. Government
figures are not accurate. My living costs are much
higher year over year. If I go back 20 years, I Say WOW.

7. Bre-x and friends.
Ans. They will become the goldbugs folk heros.

8.Arizona to produce gold from sand.
Ans. Considered that Bre-x was finding gold at a rate of
1 to 3 ounces per second, this, according to whose
numbers were being used.

9.No news moves gold prices.
Ans. Stock market mania has everyone invested and mania's
do end. They can fool most of the people some of the
time.
10. Negative Perceptions
Ans. A Contrian Buy signal.

M-B: I'm sorry, it was GM not Ford, who was in leage with Ballard.
The program Venture, on the comunist broadcasting corp ( cbc ) did a major expose on Ballard listing the many companies they're dealing with at present. These sites may be of help, I can't recall all of them, right now....too tired.
http://www.ttcorp.com/nha/thl/oct_95a.htm
http://www.theautochannel.com/news/date/19960927/news02042.html
Mooney, I save apologies for my mates, sorry but I'm not attracted to you.
"night all....you too TED!
TTFN

M-B: I'm sorry, it was GM not Ford, who was in leage with Ballard.
The program Venture, on the comunist broadcasting corp ( cbc ) did a major expose on Ballard listing the many companies they're dealing with at present. These sites may be of help, I can't recall all of them, right now....too tired.
http://www.ttcorp.com/nha/thl/oct_95a.htm
http://www.theautochannel.com/news/date/19960927/news02042.html
Mooney, I save apologies for my mates, sorry but I'm not attracted to you.
"night all....you too TED!
TTFN

Bernatz: I'd love a sword! Is it an antique?

Bernatz: I'd love a sword! Is it an antique?

RJ ( 22:52 ) : Meant no harm. I apologize. Thank you for
helping me select my new handle.

RJ ( 22:52 ) : Meant no harm. I apologize. Thank you for
helping me select my new handle.

This is interesting how NYMEX is increasesing margins. I can understand why. How will this affect price? The bulls are so deep "In-The-Money" that they may not be affected as much as a short who has lost alot and now needs even more margin. The "Long Term" Gold bears "SHOULD" learn from this,... but they won't until it is too late.


New York-June 6-FWN--THE NEW YORK MERCANTILE EXCHANGE
( NYMEX ) will increase the margins on its platinum and
palladium futures contracts as of the close of business
Monday, June 9, the exchange announced today.
The margins for platinum will be increased to $2,000
from $900 for clearing members; to $2,200 from $990 for
members; and to $2,700 from $1,215 for customers.
For inter-month spreads involving platinum's spot
month, the margins will be increased to $500 from $250 for
clearing members; to $550 from $275 for members; and to $675
from $338 for customers.
For inter-month spreads involving all other platinum
months, the margins will be increased to $300 from $150 for
clearing members; to $330 from $165 for members; and to $405
from $203 for customers, according to NYMEX.
The margins for palladium will be increased to $2,000
from $1,000 for clearing members; to $2,200 from $1,100 for
members; and to $2,700 from $1,350 for customers.
For inter-month spreads involving palladium's spot
month, the margins will be increased to $500 from $250 for
clearing members; to $550 from $275 for members; and to $675
from $338 for customers.
For inter-month spreads involving all other palladium
months, the margins for palladium will be increased to $300
from $150 for clearing members; to $330 from $165 for
members; and to $405 from $203 for customers, according to
the exchange.

This is interesting how NYMEX is increasesing margins. I can understand why. How will this affect price? The bulls are so deep "In-The-Money" that they may not be affected as much as a short who has lost alot and now needs even more margin. The "Long Term" Gold bears "SHOULD" learn from this,... but they won't until it is too late.


New York-June 6-FWN--THE NEW YORK MERCANTILE EXCHANGE
( NYMEX ) will increase the margins on its platinum and
palladium futures contracts as of the close of business
Monday, June 9, the exchange announced today.
The margins for platinum will be increased to $2,000
from $900 for clearing members; to $2,200 from $990 for
members; and to $2,700 from $1,215 for customers.
For inter-month spreads involving platinum's spot
month, the margins will be increased to $500 from $250 for
clearing members; to $550 from $275 for members; and to $675
from $338 for customers.
For inter-month spreads involving all other platinum
months, the margins will be increased to $300 from $150 for
clearing members; to $330 from $165 for members; and to $405
from $203 for customers, according to NYMEX.
The margins for palladium will be increased to $2,000
from $1,000 for clearing members; to $2,200 from $1,100 for
members; and to $2,700 from $1,350 for customers.
For inter-month spreads involving palladium's spot
month, the margins will be increased to $500 from $250 for
clearing members; to $550 from $275 for members; and to $675
from $338 for customers.
For inter-month spreads involving all other palladium
months, the margins for palladium will be increased to $300
from $150 for clearing members; to $330 from $165 for
members; and to $405 from $203 for customers, according to
the exchange.

STEVE PUETZ: Good to see you on the thread. Do you still think the gold stocks will go down with the rest of the market when the crash comes? And then start to rise. After how long?

STEVE PUETZ: Good to see you on the thread. Do you still think the gold stocks will go down with the rest of the market when the crash comes? And then start to rise. After how long?

Your 21:00 post cheered me up no end; but "Mr. Bear's" post ( 12:59 ) does
wory me! I guess patience is the name of the game.

Your 21:00 post cheered me up no end; but "Mr. Bear's" post ( 12:59 ) does
wory me! I guess patience is the name of the game.

Steve Puetz: Your argument that the stock market holds the key to the next gold bull is right on the money. Too many are focusing on the currencies in my opinion Currency movements have indeed been the key factor moving gold prices under the current investment paradigm, but we are about to enter a new paradigm wherein the yellow stuff will soar against all currencies as fear of a collapse replace ongoing financial euphoria.

I dont think it will require a stock market crash to get gold moving in a big way. A drop of 15% ( either slow or fast ) not quickly followed by a rebound to new highs will suffice quite nicely. Once the "smart money" concludes that the huge financial asset bull is ending, all the CB manipulations in the world will not be able to keep the yellow stuff from soaring.

Steve Puetz: Your argument that the stock market holds the key to the next gold bull is right on the money. Too many are focusing on the currencies in my opinion Currency movements have indeed been the key factor moving gold prices under the current investment paradigm, but we are about to enter a new paradigm wherein the yellow stuff will soar against all currencies as fear of a collapse replace ongoing financial euphoria.

I dont think it will require a stock market crash to get gold moving in a big way. A drop of 15% ( either slow or fast ) not quickly followed by a rebound to new highs will suffice quite nicely. Once the "smart money" concludes that the huge financial asset bull is ending, all the CB manipulations in the world will not be able to keep the yellow stuff from soaring.

Mooney ( 00:46 ) Yer right ...fer a change!...I did miss that bit about about the bull+chocolate....and here I thought I was perfect...hahahaha

Mooney ( 00:46 ) Yer right ...fer a change!...I did miss that bit about about the bull+chocolate....and here I thought I was perfect...hahahaha

Bernatz de Ventadorm ( 1:33 ) I prefer GUNS!...REB: The Mailman delivered last night!

Bernatz de Ventadorm ( 1:33 ) I prefer GUNS!...REB: The Mailman delivered last night!

Barron's has article on Platinum in Commodities Corner. The prediction is that it will go over 500 leading a metals bull market.
European money moved into U.S. bonds yesterday, causing drop in interest rates and surge in stocks. Historically, this is an indicator of the last stages of a bull market. The Europeans buy at the top and sell at the bottom. Check out Market Watch. This section in Barron's is for newsletter authors and has been bearish for most of this year. Today it's full of dow 14000 sentiment. Has the last bear capitulated? These things are all bullish for the metals imho.

Panda: How about that Stillwater?! : )

Barron's has article on Platinum in Commodities Corner. The prediction is that it will go over 500 leading a metals bull market.
European money moved into U.S. bonds yesterday, causing drop in interest rates and surge in stocks. Historically, this is an indicator of the last stages of a bull market. The Europeans buy at the top and sell at the bottom. Check out Market Watch. This section in Barron's is for newsletter authors and has been bearish for most of this year. Today it's full of dow 14000 sentiment. Has the last bear capitulated? These things are all bullish for the metals imho.

Panda: How about that Stillwater?! : )

George S. Cole:

Recently, you posted a report by the LGN group discussing the white metals. Do you know if they are still sending out nesletters? Do you know anyway of contacting them? They have not responded to any of my e-mails regarding my life-time subscription to their e-mail service.

Thanks in advance.

Charlse H.

George S. Cole:

Recently, you posted a report by the LGN group discussing the white metals. Do you know if they are still sending out nesletters? Do you know anyway of contacting them? They have not responded to any of my e-mails regarding my life-time subscription to their e-mail service.

Thanks in advance.

Charlse H.

NAILZ: Sorry I missed your earlier post. Re your 20:58 asking astro update on silver - all I can say is steady as she goes. I'm working with the Saturn conjunction with NYSE Moon. Saturn is now 17.51 Aries, and NYSE Moon is waiting at 19.33 Aries. Saturn is within a powerfuil orb of effect right now, but it makes the right-on hit on Tuesday/Wednesday July 1st & 2nd. Actually, it should have kicked in by now, but you know silver - it can suddenly climb the wall like a shocked cat. Perhaps what we're seeing in the other whites is a portent of what's to come. The trading crowd may suddenly catch on that there's something wrong with the metals picture, and jump on the stuff what hasn't moved yet.
Sometimes the astro effects lag a bit as the metaphysical works its way out here into the physical. Taking initial positions in silver futures or options may be warranted right here, with expanding positions if the market starts working higher. I noticed puts on silver options running ahead of calls the other day. This is another minor bullish sign. Still figure July to be hot for silver. Hang in.

NAILZ: Sorry I missed your earlier post. Re your 20:58 asking astro update on silver - all I can say is steady as she goes. I'm working with the Saturn conjunction with NYSE Moon. Saturn is now 17.51 Aries, and NYSE Moon is waiting at 19.33 Aries. Saturn is within a powerfuil orb of effect right now, but it makes the right-on hit on Tuesday/Wednesday July 1st & 2nd. Actually, it should have kicked in by now, but you know silver - it can suddenly climb the wall like a shocked cat. Perhaps what we're seeing in the other whites is a portent of what's to come. The trading crowd may suddenly catch on that there's something wrong with the metals picture, and jump on the stuff what hasn't moved yet.
Sometimes the astro effects lag a bit as the metaphysical works its way out here into the physical. Taking initial positions in silver futures or options may be warranted right here, with expanding positions if the market starts working higher. I noticed puts on silver options running ahead of calls the other day. This is another minor bullish sign. Still figure July to be hot for silver. Hang in.

Was just goin to post about Commodities corner in Barrons but you beat me to it!..Mornin Novice and Liz: I'm off fer my weekly fix of the Grope+Flail...beautiful day on the ocean!!!!

Was just goin to post about Commodities corner in Barrons but you beat me to it!..Mornin Novice and Liz: I'm off fer my weekly fix of the Grope+Flail...beautiful day on the ocean!!!!

tarnished - although I may have been a little stiff in my reprimand it was meant as example for all that we should be a little more certain of our statements when we attempt to postulate on the knowledge that another participant may or may not have. Apparently you are loath to make a public apology. Although you say that you are in your dingy, you still do not get my drift. Please e-mail me and I'll explain more fully to your satisfaction.

tarnished - although I may have been a little stiff in my reprimand it was meant as example for all that we should be a little more certain of our statements when we attempt to postulate on the knowledge that another participant may or may not have. Apparently you are loath to make a public apology. Although you say that you are in your dingy, you still do not get my drift. Please e-mail me and I'll explain more fully to your satisfaction.

Steve Puetz: Agree with your analysis of the metals market. Anticipating your new book - by the way - any estimated ship date?

Steve Puetz: Agree with your analysis of the metals market. Anticipating your new book - by the way - any estimated ship date?

Ted: Yes, I thought Karl Malone looked more at ease last night.

The Bulls need to remove the glue from the bottoms of their shoes.

Ted: Yes, I thought Karl Malone looked more at ease last night.

The Bulls need to remove the glue from the bottoms of their shoes.

I love reading bearish arguments on gold at this point. The shorts need to keep this up to extend the "game" of musical chairs to which BT has alluded.

I love reading bearish arguments on gold at this point. The shorts need to keep this up to extend the "game" of musical chairs to which BT has alluded.

Speed -- For once I can believe the volume numbers! The Nasdaq method of counting shares traded also counts dealer to dealer transactions. Ergo, a few 'individuals' can make a stock look much 'busier' than it really is.

In the FWIW column, todays Investors Business Daily ranked SWC a 'B' on their Accum/Dist scale. 'A' meaning strong accumulation and 'E' being strong distribution. It also ranked well into the most actives in volume. One of the things that I watch in a stock during the day is the number and size of trades. SWC had a lot X,000 share buys and the sells seemed to be of 100 to 200 share size. Translation, funds are buying. Warning? They ( funds ) can dump as fast as they buy.

Even the Nightly Business Report had the stock on their most actives on the AMEX. It was funny watching Paul Kanga? trying to explain the movement. Something like, "Platinum and palladium have been moving up, and Stillwater is in the business of mining it." Duh! :- ) :- ) :- )

Speed -- For once I can believe the volume numbers! The Nasdaq method of counting shares traded also counts dealer to dealer transactions. Ergo, a few 'individuals' can make a stock look much 'busier' than it really is.

In the FWIW column, todays Investors Business Daily ranked SWC a 'B' on their Accum/Dist scale. 'A' meaning strong accumulation and 'E' being strong distribution. It also ranked well into the most actives in volume. One of the things that I watch in a stock during the day is the number and size of trades. SWC had a lot X,000 share buys and the sells seemed to be of 100 to 200 share size. Translation, funds are buying. Warning? They ( funds ) can dump as fast as they buy.

Even the Nightly Business Report had the stock on their most actives on the AMEX. It was funny watching Paul Kanga? trying to explain the movement. Something like, "Platinum and palladium have been moving up, and Stillwater is in the business of mining it." Duh! :- ) :- ) :- )

BBL

BBL

Hello Bart:


It will be interesting to see how "segregated" customers segregated funds are if there are defaults.

R.

Wondering

Hello Bart:


It will be interesting to see how "segregated" customers segregated funds are if there are defaults.

R.

Wondering

How about them there Jazz. They just have to do it three more times. Any thoughts on the direction of platinum on Monday? I'm hoping it takes a dip at first so I can sale my short term puts and get my money back. I decided it might retract follwoing the big run last week but then my broker screwed me on the price for the puts. Nevermind my grousing without further adieu here is the joke.

A very spiritual, devout and holy priest dies and is immediately swept
up to heaven.

St. Peter greets him at the Pearly Gates, and says, "Hello, Father,
we've been waiting for you for a long time. Welcome to Heaven! You
are very well known here, and as a special reward, because you are
such a spiritual and holy man, we're going to grant you anything
you wish even before we enter Heaven. What can I grant you?"

"Well", the priest says, "I've always been a great admirer of the
Virgin Mother. I've always wanted to talk to her."

St. Peter nods his head to one side, and lo and behold who should
approach the priest but the Virgin Mary!

The priest is beside himself, and he manages to say, "Mother, I
have always been a great admirer of yours, and have studied
everything I could about you and followed your life as best I
could. I have studied every painting and portrait ever made of
you, and I've noticed that you are always protrayed with a
slightly sad look on your face. I have always, always wondered
what it was that made you sad. Would you please tell me?"

"Well", says Mother Mary, "honestly, I was really hoping for a girl."

How about them there Jazz. They just have to do it three more times. Any thoughts on the direction of platinum on Monday? I'm hoping it takes a dip at first so I can sale my short term puts and get my money back. I decided it might retract follwoing the big run last week but then my broker screwed me on the price for the puts. Nevermind my grousing without further adieu here is the joke.

A very spiritual, devout and holy priest dies and is immediately swept
up to heaven.

St. Peter greets him at the Pearly Gates, and says, "Hello, Father,
we've been waiting for you for a long time. Welcome to Heaven! You
are very well known here, and as a special reward, because you are
such a spiritual and holy man, we're going to grant you anything
you wish even before we enter Heaven. What can I grant you?"

"Well", the priest says, "I've always been a great admirer of the
Virgin Mother. I've always wanted to talk to her."

St. Peter nods his head to one side, and lo and behold who should
approach the priest but the Virgin Mary!

The priest is beside himself, and he manages to say, "Mother, I
have always been a great admirer of yours, and have studied
everything I could about you and followed your life as best I
could. I have studied every painting and portrait ever made of
you, and I've noticed that you are always protrayed with a
slightly sad look on your face. I have always, always wondered
what it was that made you sad. Would you please tell me?"

"Well", says Mother Mary, "honestly, I was really hoping for a girl."

I just read my last post. Is there an English teacher in the house? I need big help in the grammar department.

I just read my last post. Is there an English teacher in the house? I need big help in the grammar department.

I am wondering if the Platinum move is only because of the supply problem or is it really one of the 'up' indicators that we have been looking for?

I am wondering if the Platinum move is only because of the supply problem or is it really one of the 'up' indicators that we have been looking for?

The 30 Year T-Bond has held support at 108 and is about to challenge the important 113/114 level. If it can break 114 at this angle of acceleration, it will be out of a significant "Rhino" pattern downtrend. We could look for a continued rally for at least a month or two.
This could put stockmarket participants into a final frenzy. If the precious advance with bonds and stocks, this would fulfill an important timing requirement for the paper bull. After all 3 asset classes rise together, bonds top out first. As bonds decline stocks top out, with gold rising. Then stocks go down and gold moves into its peak. The only other time in this whole bull that that happened was in '93, when all were moving up. Then came '94 when bonds tanked, followed by a stock correction of the general market that was masked by the relatively shallow decline of the major averages. Then gold stagnated, and finally aborted in '96. Could be one more chance at this asset turnover coming up. If the T-Bond can't get past 114, then a reversal from there means paper has finally had it. Watch the DJ Utility Average. If it accompanies bonds up, then there's a blowoff coming.

The 30 Year T-Bond has held support at 108 and is about to challenge the important 113/114 level. If it can break 114 at this angle of acceleration, it will be out of a significant "Rhino" pattern downtrend. We could look for a continued rally for at least a month or two.
This could put stockmarket participants into a final frenzy. If the precious advance with bonds and stocks, this would fulfill an important timing requirement for the paper bull. After all 3 asset classes rise together, bonds top out first. As bonds decline stocks top out, with gold rising. Then stocks go down and gold moves into its peak. The only other time in this whole bull that that happened was in '93, when all were moving up. Then came '94 when bonds tanked, followed by a stock correction of the general market that was masked by the relatively shallow decline of the major averages. Then gold stagnated, and finally aborted in '96. Could be one more chance at this asset turnover coming up. If the T-Bond can't get past 114, then a reversal from there means paper has finally had it. Watch the DJ Utility Average. If it accompanies bonds up, then there's a blowoff coming.

Mike Sheller -- Yup.

Mike Sheller -- Yup.

Jack: Re your point #6. Daily costs are up over the last 20 years as you suggest. Is gold up by the same amount? Consider compound interest on the cash tied up in gold over the same time. Take a look at the gold price over the last 15-20 years or the last 15-20 months. Its going Down Jack Down not up. Blame it on the CB's Greenspan anyone you like. The price of gold has been going down for almost 2 decades. Not a comment to be taken lightly around here and a contrarian indicator to the hope springs eternal bunch. Looked at in another way. How long do you think you are going to live. Will gold reverse its trend of the last 2 decades before you go to your reward?

Jack: Re your point #6. Daily costs are up over the last 20 years as you suggest. Is gold up by the same amount? Consider compound interest on the cash tied up in gold over the same time. Take a look at the gold price over the last 15-20 years or the last 15-20 months. Its going Down Jack Down not up. Blame it on the CB's Greenspan anyone you like. The price of gold has been going down for almost 2 decades. Not a comment to be taken lightly around here and a contrarian indicator to the hope springs eternal bunch. Looked at in another way. How long do you think you are going to live. Will gold reverse its trend of the last 2 decades before you go to your reward?

MIKE SHELLER....Thanks for your info on astrology for silver....And you do not have to worry about me hanging in there.....I am here for the duration....Just looking to add papers and margins....

MIKE SHELLER....Thanks for your info on astrology for silver....And you do not have to worry about me hanging in there.....I am here for the duration....Just looking to add papers and margins....

Jack 02:13 Good try! At least you are thinking and not relying on the convictions of others for your investment decisions.

Jack 02:13 Good try! At least you are thinking and not relying on the convictions of others for your investment decisions.

Fundy: Here is a graph for you to look at.
http://www.futuresmag.com/library/august96/compchrt.html
Consider the period 1961 to 1981. And consider the period 1981 to now. And consider the period now to ......
Yes, gold has been a dog the last 17 years. And financial assets were considered "dead" in 1981. The question is what happens the next twenty years. Continuation of rise for financial assets? That's not where my money is.

Fundy: Here is a graph for you to look at.
http://www.futuresmag.com/library/august96/compchrt.html
Consider the period 1961 to 1981. And consider the period 1981 to now. And consider the period now to ......
Yes, gold has been a dog the last 17 years. And financial assets were considered "dead" in 1981. The question is what happens the next twenty years. Continuation of rise for financial assets? That's not where my money is.

REB: As always its a bet. But I believe the idea is to go with the trend and this is some trend. I remeber the DOW going through 1000 and a crash was immenent. We have 8000 now for the crash sight. Why not 9000 or 10 000 or 15 000? It has been enlightening to see some of the more frequent and apparently erudite posters here see every setback as a further sign that gold is about to rise. We have one gentlemen here and elsewhere who has been predicting a rise for over a year undeterred by the decline. Its all a bet. But the slogans should be examined.

REB: As always its a bet. But I believe the idea is to go with the trend and this is some trend. I remeber the DOW going through 1000 and a crash was immenent. We have 8000 now for the crash sight. Why not 9000 or 10 000 or 15 000? It has been enlightening to see some of the more frequent and apparently erudite posters here see every setback as a further sign that gold is about to rise. We have one gentlemen here and elsewhere who has been predicting a rise for over a year undeterred by the decline. Its all a bet. But the slogans should be examined.

Fundy - Yes the DOW could go to 10,000 and YES Gold is still in a bear market. But the tide WILL change. It may not be this year but it will be this decade and when it does Gold will go up! How high?? Well if we were to ask 1000 Gold traders what's the highest level Gold will reach between now and Dec 31st 2005 my guess is we are going higher than the highest guess! I do agree that one should not be foolish into a buy and hold. Don't worry about missing the boat. When the boat starts to leave there will be plenty of time to jump on.

Fundy - Yes the DOW could go to 10,000 and YES Gold is still in a bear market. But the tide WILL change. It may not be this year but it will be this decade and when it does Gold will go up! How high?? Well if we were to ask 1000 Gold traders what's the highest level Gold will reach between now and Dec 31st 2005 my guess is we are going higher than the highest guess! I do agree that one should not be foolish into a buy and hold. Don't worry about missing the boat. When the boat starts to leave there will be plenty of time to jump on.

General Market:
Dow to 8000 by end of June. July ( down ) . August ( rebound ) . Sept through Mid-December ( down ) . Mid-December through mid-January ( up ) .
mid-January through Feb ( down ) . March ( rebound ) .

Gold:
Up slightly by the end of June ( $350-365 range ) ... Silver ( around $5 )

July down.

August through steady and slow increase in both metals.

December through March ... Strong for Metals.

Gold to $450 ( maybe a little higher 460-500 ) range.
Silver to $5.50 ( maybe a little higher 5.50 to 7.00 ) range.

General Market:
Dow to 8000 by end of June. July ( down ) . August ( rebound ) . Sept through Mid-December ( down ) . Mid-December through mid-January ( up ) .
mid-January through Feb ( down ) . March ( rebound ) .

Gold:
Up slightly by the end of June ( $350-365 range ) ... Silver ( around $5 )

July down.

August through steady and slow increase in both metals.

December through March ... Strong for Metals.

Gold to $450 ( maybe a little higher 460-500 ) range.
Silver to $5.50 ( maybe a little higher 5.50 to 7.00 ) range.

If Mr. Bear doubts the Predictor, I will give him five mining shares ( gold and silver ) for him to short and give him sleepless nights.

If Mr. Bear doubts the Predictor, I will give him five mining shares ( gold and silver ) for him to short and give him sleepless nights.

Predictor: We do have some short-term timing differences, but we are on the same wavelenght in projecting a move above $400 in early 1998.

Predictor: We do have some short-term timing differences, but we are on the same wavelenght in projecting a move above $400 in early 1998.

Glenn: If 1000 gold traders told me that gold was going to $400 by noon Monday I might believe them. Their predictions for Dec 31 2005 are of no use to anyone. Once the search feature is operable again here it will be possible to get a history of the predictions from the more frequent and adamant posters here and settle my curiosity. Do the predictions anticipate the change in the price of gold, do they follow the price of gold or are they unrelated to the price of gold.

News Story: ( as written in Nevada newspaper )

Headline: "EXPLORATION COMPANY REPORTS BIG GOLD FIND"

VANCOUVER, British Columbia:

"A Vancouver exploration company headed by a promoter banned in British Columbia says it had more gold in its Nevada property than Bre-X Minerals claimed to have in Indonesia.

American Technology Exploration Corp., whose corporate address is a Vancouver post office box, says it Moapa property northeast of Las Vegas contains 76 million ounces of gold.

The initial feasibility study conducted by Kilborn Engineering on Bre-X's Indonesian property determined there were 71 million ounces of gold on that property. That calculation was later renounced after it was determined that drill information provided by Bre-X management was bogus.

American Technology's stock, which trades on the Nasdaq bulletin board, peaked at $8.75 on March 9."


The above news article appeared in the business section of the Las Vegas Review Journal the morning of June 6, 1997. I can't believe an exploration company would issue a press release like this after the Bre-X hoax and expect anyone to believe it.

News Story: ( as written in Nevada newspaper )

Headline: "EXPLORATION COMPANY REPORTS BIG GOLD FIND"

VANCOUVER, British Columbia:

"A Vancouver exploration company headed by a promoter banned in British Columbia says it had more gold in its Nevada property than Bre-X Minerals claimed to have in Indonesia.

American Technology Exploration Corp., whose corporate address is a Vancouver post office box, says it Moapa property northeast of Las Vegas contains 76 million ounces of gold.

The initial feasibility study conducted by Kilborn Engineering on Bre-X's Indonesian property determined there were 71 million ounces of gold on that property. That calculation was later renounced after it was determined that drill information provided by Bre-X management was bogus.

American Technology's stock, which trades on the Nasdaq bulletin board, peaked at $8.75 on March 9."


The above news article appeared in the business section of the Las Vegas Review Journal the morning of June 6, 1997. I can't believe an exploration company would issue a press release like this after the Bre-X hoax and expect anyone to believe it.

Glenn: If 1000 gold traders told me that gold was going to $400 by noon Monday I might believe them. Their predictions for Dec 31 2005 are of no use to anyone. Once the search feature is operable again here it will be possible to get a history of the predictions from the more frequent and adamant posters here and settle my curiosity. Do the predictions anticipate the change in the price of gold, do they follow the price of gold or are they unrelated to the price of gold.

This unsecured asset class comprises almost six trillion dollars. Said to be "risk free" because it is backed by the taxing power of the usa. This overlooks the reason banks require collateral from even good customers. Collateral is required in case the debtor can not pay. Can't think of the usa not being able to tax some more? Posit a depression ( one has occurred like clock work every other generation since this country was founded ) . Since our credit bubble far exceeds anything that occurred in the 1920's we can expect our bust to also exceed the bust of the 1930's. The 1930's saw 25% - 30% unemployment, we may see at least 40%. During the coming bust every counter cyclical gov program in existence will be demanding huge amounts of cash. At the same time tax receipts will fall by at least 60%. If there could be a deficit it would be perhaps over five billion dollars a day. Of course we will be in a new era, the word deficit will have no meaning. There will be no more deficits ( at least for another two generations ) because there will be no fools to borrow from. The books will be balanced daily for awhile. Outgo equal income. The very last thing the gov will need in this environment, is a six trillion dollar debt from a time so far in the past as to be almost not remembered ( computers can be made to forget the number six trillion, in a microsecond ) .

This unsecured asset class comprises almost six trillion dollars. Said to be "risk free" because it is backed by the taxing power of the usa. This overlooks the reason banks require collateral from even good customers. Collateral is required in case the debtor can not pay. Can't think of the usa not being able to tax some more? Posit a depression ( one has occurred like clock work every other generation since this country was founded ) . Since our credit bubble far exceeds anything that occurred in the 1920's we can expect our bust to also exceed the bust of the 1930's. The 1930's saw 25% - 30% unemployment, we may see at least 40%. During the coming bust every counter cyclical gov program in existence will be demanding huge amounts of cash. At the same time tax receipts will fall by at least 60%. If there could be a deficit it would be perhaps over five billion dollars a day. Of course we will be in a new era, the word deficit will have no meaning. There will be no more deficits ( at least for another two generations ) because there will be no fools to borrow from. The books will be balanced daily for awhile. Outgo equal income. The very last thing the gov will need in this environment, is a six trillion dollar debt from a time so far in the past as to be almost not remembered ( computers can be made to forget the number six trillion, in a microsecond ) .

Predictor-You wrote July will be a down month for Gold.So how far will the price go down : 340,330,...?If you're right it will be the last opportunity for buying gold!

Predictor-You wrote July will be a down month for Gold.So how far will the price go down : 340,330,...?If you're right it will be the last opportunity for buying gold!

To All: Barrons http://www.barrons.com has two major articles on gold. The first one is titled "Indiana Jones" and it is about the geologist at Robert Stevens Company and how he kept the firm out of trouble with Bre-X and the 2nd article is titled "Son of Vancouver" and the Alberta Stock Exchange.

To All: Barrons http://www.barrons.com has two major articles on gold. The first one is titled "Indiana Jones" and it is about the geologist at Robert Stevens Company and how he kept the firm out of trouble with Bre-X and the 2nd article is titled "Son of Vancouver" and the Alberta Stock Exchange.

Am following the Ballard thread with interest. Can definitely
vouch for Stevie - he knew about this way before it was
even a company - he developed the technology and was
the first to come up with the periodic table, as I recall.
It's a shame that other people usurp all his work. But that's
just the kind of guy he is, always way ahead of everyone and
generous with his knowledge. I would definitely recommend
E-mailing him, Mr. Tarnished. When I did, he offered me
a handsome sum to back up every tale he tells on this
site. You can believe I took advantage of his generous offer.
Stevie for Top Prophet and all-knowing master of time and space.

Am following the Ballard thread with interest. Can definitely
vouch for Stevie - he knew about this way before it was
even a company - he developed the technology and was
the first to come up with the periodic table, as I recall.
It's a shame that other people usurp all his work. But that's
just the kind of guy he is, always way ahead of everyone and
generous with his knowledge. I would definitely recommend
E-mailing him, Mr. Tarnished. When I did, he offered me
a handsome sum to back up every tale he tells on this
site. You can believe I took advantage of his generous offer.
Stevie for Top Prophet and all-knowing master of time and space.

bw: Excellent .... and that ain't fiction. Thoughts of depression and comparison to those of the past should also include a reflection of our presently diminished natural resource asset base. In the 30s we had natural resources in abundance. All available for exploitation at minimal cost. In the future we will be forced to compete on the open market for many of them with a suspect currency, at a time of severe financial distress.

bw: Excellent .... and that ain't fiction. Thoughts of depression and comparison to those of the past should also include a reflection of our presently diminished natural resource asset base. In the 30s we had natural resources in abundance. All available for exploitation at minimal cost. In the future we will be forced to compete on the open market for many of them with a suspect currency, at a time of severe financial distress.

bw: A scary and depressing scenario. Since this is a gold site, I wonder how you see the shiny yellow doing in such a case. Do you see out and out debt forgiveness ( or should I say forgetness ) ? Or do you see the printing presses rolling after the first deflationary wave in order to preserve the "full faith & credit", etc, of US debt instruments?

bw: A scary and depressing scenario. Since this is a gold site, I wonder how you see the shiny yellow doing in such a case. Do you see out and out debt forgiveness ( or should I say forgetness ) ? Or do you see the printing presses rolling after the first deflationary wave in order to preserve the "full faith & credit", etc, of US debt instruments?

McAlvanys MELTDOWN OF 97 - Latest chapter ( V ) : an indepth economic & precious metals analysis. Must read for serious investors. CLICK RELOAD at Gold Digest section:
http://www.gold-eagle.com/gold_digest.html

McAlvanys MELTDOWN OF 97 - Latest chapter ( V ) : an indepth economic & precious metals analysis. Must read for serious investors. CLICK RELOAD at Gold Digest section:
http://www.gold-eagle.com/gold_digest.html

Glenn- you been standin in font of that FAN too long and caught the same disease as the rest of them traders. Better bet you some vitamin AU!

Tally HO

Glenn- you been standin in font of that FAN too long and caught the same disease as the rest of them traders. Better bet you some vitamin AU!

Tally HO

Mooney: Most all things run adrift, and it too has sailed under the bridge....we both know Ballard is a promising company and may provide a boon for Pt, I prefer to focus on that and the fact that it's a BEAUTIFUL
hot sunny day here; And to live life, I can't be stuck on a computer terminal all day.....Au's not the only thing that has glitter!
TTFN

Mooney: Most all things run adrift, and it too has sailed under the bridge....we both know Ballard is a promising company and may provide a boon for Pt, I prefer to focus on that and the fact that it's a BEAUTIFUL
hot sunny day here; And to live life, I can't be stuck on a computer terminal all day.....Au's not the only thing that has glitter!
TTFN

Goldbug23: Once gold bullion moves higher, and the stock market begins to crash, gold stocks will behave better than other stocks, but they still may go lower in a crash.

Goldbug23: Once gold bullion moves higher, and the stock market begins to crash, gold stocks will behave better than other stocks, but they still may go lower in a crash.

George Cole: Glad to see that you agree that a stock market crash is the key to gold's revival. Really, it's more than that. It's the whole financial-asset mania that will implode once stocks begin to fall. Once the financial collapse begins, the only alternative will be commodity-money -- mainly gold and silver, but also platinum.

George Cole: Glad to see that you agree that a stock market crash is the key to gold's revival. Really, it's more than that. It's the whole financial-asset mania that will implode once stocks begin to fall. Once the financial collapse begins, the only alternative will be commodity-money -- mainly gold and silver, but also platinum.

Speed: I also read the Barron's article this morning. One of the key points was that spreaders were unwinding spreads where they had previously bought gold and sold platinum. But the platinum premium over gold kept getting larger. Margin calls have now forced these spreaders out of the market. The past few days, they have been buying platinum, and selling gold. Once the unwinding of spreads stops, gold will rise.

Speed: I also read the Barron's article this morning. One of the key points was that spreaders were unwinding spreads where they had previously bought gold and sold platinum. But the platinum premium over gold kept getting larger. Margin calls have now forced these spreaders out of the market. The past few days, they have been buying platinum, and selling gold. Once the unwinding of spreads stops, gold will rise.

Steve Puetz- I prefer your version of the gold and stock prediction.

Did ya"ll hear that good ole boy, one of them many that call up CNBC and want to know jest what they should do because they are JEST GETTIN STARTED WITH A PORTFOLIO?? Hell boy, BUY with both hands!!

Now with that mentality don't you know when this thing does turn and these BOYS wantin to be in stocks they are goin to head to the gold
funds like crazy. Iffin you think 1993 was fun especially those of you that were in the Lexington Stragetic Investment fund, up 297%, that was a preview of what is to come!

Some "uninformed sole" yesterday refered to the forward selling of gold by the mines. I believe that most of the forward selling had been by the North American mines and that might be a cause of the gold price being
negatively effected for a bit. The only SA mine that I know of for sure that did a big forward sell was Western Areas. Western Areas was also the reason that Lexington Stregetic Investments had that find record in 1993.

Tortfeasor- THANKS FOR THE HUMOR, YOU OUGHT TO WRITE A BOOK

Tally HO

Steve Puetz- I prefer your version of the gold and stock prediction.

Did ya"ll hear that good ole boy, one of them many that call up CNBC and want to know jest what they should do because they are JEST GETTIN STARTED WITH A PORTFOLIO?? Hell boy, BUY with both hands!!

Now with that mentality don't you know when this thing does turn and these BOYS wantin to be in stocks they are goin to head to the gold
funds like crazy. Iffin you think 1993 was fun especially those of you that were in the Lexington Stragetic Investment fund, up 297%, that was a preview of what is to come!

Some "uninformed sole" yesterday refered to the forward selling of gold by the mines. I believe that most of the forward selling had been by the North American mines and that might be a cause of the gold price being
negatively effected for a bit. The only SA mine that I know of for sure that did a big forward sell was Western Areas. Western Areas was also the reason that Lexington Stregetic Investments had that find record in 1993.

Tortfeasor- THANKS FOR THE HUMOR, YOU OUGHT TO WRITE A BOOK

Tally HO

Lan Man: There have been 3 separate mailings of "Total Collapse." I mailed the first set on Wednesday, June 4th. The second set was mailed on Friday, June 6th. The other mailing was done by Newsletter Systems in Minneapolis, MN -- I'm not sure when they did their mailing. If you give me your name, I'll let you know if you were on one of my mailing lists.

Lan Man: There have been 3 separate mailings of "Total Collapse." I mailed the first set on Wednesday, June 4th. The second set was mailed on Friday, June 6th. The other mailing was done by Newsletter Systems in Minneapolis, MN -- I'm not sure when they did their mailing. If you give me your name, I'll let you know if you were on one of my mailing lists.

Notnick: The platinum move is probably for real. Platinum loan rates of 150% indicate an extreme shortage in the cash market. Once the gold-platinum speads are unwound, gold could easily make an up-move as explosive as platinum's. Remember, gold has been forward-sold and loaned just like platinum. It's interesting that platinum has gone from a 2-year low to the highest point since 1990 in the span of a few weeks.

Notnick: The platinum move is probably for real. Platinum loan rates of 150% indicate an extreme shortage in the cash market. Once the gold-platinum speads are unwound, gold could easily make an up-move as explosive as platinum's. Remember, gold has been forward-sold and loaned just like platinum. It's interesting that platinum has gone from a 2-year low to the highest point since 1990 in the span of a few weeks.

Fundy: I've also been wrong about the stock market bull, but 10,000 seen absurd at this point. AAII bulls are at 52% this week, one of the highest levels of past 10 years. CBOE call/put ratio very high. These are good contrary indicators. Volume momentum is declining. New highs are contracting. Mutual-fund inflows are declining. Speculators are pouring in. Junk-bond sales are sky-rocketing. All signs of termination and/or over-heating of financial markets.

Fundy: I've also been wrong about the stock market bull, but 10,000 seen absurd at this point. AAII bulls are at 52% this week, one of the highest levels of past 10 years. CBOE call/put ratio very high. These are good contrary indicators. Volume momentum is declining. New highs are contracting. Mutual-fund inflows are declining. Speculators are pouring in. Junk-bond sales are sky-rocketing. All signs of termination and/or over-heating of financial markets.

Gotta go with SILVER Charm.......

Gotta go with SILVER Charm.......

....And Touch Gold a close second...

....And Touch Gold a close second...

ALL: Look at kitco 10 year historical data graph and show me why you believe a stock market crash like we had in Oct 87 would be bullish for gold? Oct. 87 gold was $465.36 today it's $344.00 or 26% less. All Goldbugs should pray that the stock market does not crash or you could lose an additional 26% on gold investments.

ALL: Look at kitco 10 year historical data graph and show me why you believe a stock market crash like we had in Oct 87 would be bullish for gold? Oct. 87 gold was $465.36 today it's $344.00 or 26% less. All Goldbugs should pray that the stock market does not crash or you could lose an additional 26% on gold investments.

Gold demand is up but so are the markets. Ask yourself what would average joe consumer do if his portfolio crashed? Would he run out and buy gold jewery or gold coins. I think not!!

Gold demand is up but so are the markets. Ask yourself what would average joe consumer do if his portfolio crashed? Would he run out and buy gold jewery or gold coins. I think not!!

Exacta....Touch GOLD wins...SILVER Charm a close second....

Exacta....Touch GOLD wins...SILVER Charm a close second....

All your chart prognostications and mental gymnastics are for naught.

The God's have set the Golbug's an OMEN!

Touch Gold 1st.

Silver Charm 2nd.

Sorry Mr Bear!

Next week strange miraculous happenings are going to transpire in the Gold and Silver markets. The God's have spoken!!!

All your chart prognostications and mental gymnastics are for naught.

The God's have set the Golbug's an OMEN!

Touch Gold 1st.

Silver Charm 2nd.

Sorry Mr Bear!

Next week strange miraculous happenings are going to transpire in the Gold and Silver markets. The God's have spoken!!!

Presents a world shattering essay explaining reason for Platinum & Palladium strength. It proves why same explosive price rise in Gold & Silver will occur - Gold Digest:
http://www.gold-eagle.com/gold_digest/butler529.html

Presents a world shattering essay explaining reason for Platinum & Palladium strength. It proves why same explosive price rise in Gold & Silver will occur - Gold Digest:
http://www.gold-eagle.com/gold_digest/butler529.html

ACW: You been talkin' to cherokee this weekend. I can tell. .... ( :- ) )

ACW: You been talkin' to cherokee this weekend. I can tell. .... ( :- ) )

MR.BEAR : joe consumer does'nt have a prayer in the coming crash. we are not talking about him. we are talking about big money seeking a safe haven. where do you think that's going to go.

MR.BEAR : joe consumer does'nt have a prayer in the coming crash. we are not talking about him. we are talking about big money seeking a safe haven. where do you think that's going to go.

Earl: There definitely was a swirl of smoke and a loud thought voice telepathically told me to send forth the message! :-o ) )

Earl: There definitely was a swirl of smoke and a loud thought voice telepathically told me to send forth the message! :-o ) )

Steve Puetz - If mining stocks might go lower in a crash, what do you
suggest? Bullion coins? Collectable gold and silver coins?

Steve Puetz - If mining stocks might go lower in a crash, what do you
suggest? Bullion coins? Collectable gold and silver coins?

Earl : The post by Earl jr. was not me !!! and I haven't been on a trip lately. When I post , you will see my real name and nothing else. I am a lurker and I only post when the topic is of interest and when I'm not at my "real" job!!! So I would appreciate if you would not slander me , I have done nothing to you or anyone else. If it is a battle of wits you want , then you've come unarmed!!!and I will oblige. Thank-you

NJ: You're right. But anyone who wants to salvage something from a collapsing credit-money system will move into gold and silver. To many debtors are unable to meet their current repayment schedules. When too many debtors become insolvent, a credit-money system collapses. That's happening now. Gold and silver are the only real non-credit money alternatives available once our present system collapses.

NJ: You're right. But anyone who wants to salvage something from a collapsing credit-money system will move into gold and silver. To many debtors are unable to meet their current repayment schedules. When too many debtors become insolvent, a credit-money system collapses. That's happening now. Gold and silver are the only real non-credit money alternatives available once our present system collapses.

Earl : The post by Earl jr. was not me !!! and I haven't been on a trip lately. When I post , you will see my real name and nothing else. I am a lurker and I only post when the topic is of interest and when I'm not at my "real" job!!! So I would appreciate if you would not slander me , I have done nothing to you or anyone else. If it is a battle of wits you want , then you've come unarmed!!!and I will oblige. Thank-you

NJ: Joe consumer is the big money. Jewelry acounts for 80% of production.

NJ: Joe consumer is the big money. Jewelry acounts for 80% of production.

Kid Silver: Gold and silver coins are the best investment now. They are money external to our credit-monetary system. Gold shares have an unnecessay element of risk in them. Bre-X is one example. Another possibility is a wind-fall profits tax on gold mines when gold prices go thru the roof. You can take your gold coins with you if you need to leave the country. You can't remove the mine from physical location.

Kid Silver: Gold and silver coins are the best investment now. They are money external to our credit-monetary system. Gold shares have an unnecessay element of risk in them. Bre-X is one example. Another possibility is a wind-fall profits tax on gold mines when gold prices go thru the roof. You can take your gold coins with you if you need to leave the country. You can't remove the mine from physical location.

There has been some talk that if the general market crashes it will be good for precious metals.

Past facts show this to be far from the truth.

When the general stock market goes down, the gold stocks go down faster,longer.

Past down markets:

Major downs:

- - - INDU - - XAU

1987 -40.3% - -46.5%

1990 -18.6% - -37.8%

1994 -10.8% - -27.6%

1997 -10.6% - -25.9%

Days down:

1987 57 Days 58 Days

1990 37 107

1994 64 82

1997 25 41

The 1997 Dow drop was from 03-11 to 04-14.
The XAU drop was from 03-03 to 04-28.

This history shows us that any decline in the general market
could be a sell signal for the gold stocks.

There has been some talk that if the general market crashes it will be good for precious metals.

Past facts show this to be far from the truth.

When the general stock market goes down, the gold stocks go down faster,longer.

Past down markets:

Major downs:

- - - INDU - - XAU

1987 -40.3% - -46.5%

1990 -18.6% - -37.8%

1994 -10.8% - -27.6%

1997 -10.6% - -25.9%

Days down:

1987 57 Days 58 Days

1990 37 107

1994 64 82

1997 25 41

The 1997 Dow drop was from 03-11 to 04-14.
The XAU drop was from 03-03 to 04-28.

This history shows us that any decline in the general market
could be a sell signal for the gold stocks.

Fidelity Select American Gold & Precious metals Charts
5 Years, 30 day comparison and FSAGX hourly charts
http://www.geocities.com/WallStreet/5969

Fidelity Select American Gold & Precious metals Charts
5 Years, 30 day comparison and FSAGX hourly charts
http://www.geocities.com/WallStreet/5969

Steve Puetz: continuing the thread of gold stocks in a market crash, I believe that they will probably have a significant decline with the general market but only after they have made, at least, an initial run-up to test their highs. At that point, they will probably be relativlely overbought and will easily sway to the general sentiment created by a crash or the beginnings of one. But, I also do not believe that their decline will be anything more than a normal correction to work off the overbought situation.

Once the crash is over ( usually the tail end of a major decline ) , I believe that investors will begin to look at them much more seriously for 'insurance' purposes out of fear of possible future declines in the general market, especially once they see how well they 'hold up' during the initial decline phase. This will also create renewed interest in the metals themselves.

Mr. Bear: When the monetary demand for gold once again emerges, it will push aside jewelry demand. Gold will then become too expensive for consumers. It will soar to $5000 per ounce or higher. Monetary demand for gold always pushes consumer demand aside.

Mr. Bear: When the monetary demand for gold once again emerges, it will push aside jewelry demand. Gold will then become too expensive for consumers. It will soar to $5000 per ounce or higher. Monetary demand for gold always pushes consumer demand aside.

Steve Puetz: continuing the thread of gold stocks in a market crash, I believe that they will probably have a significant decline with the general market but only after they have made, at least, an initial run-up to test their highs. At that point, they will probably be relativlely overbought and will easily sway to the general sentiment created by a crash or the beginnings of one. But, I also do not believe that their decline will be anything more than a normal correction to work off the overbought situation.

Once the crash is over ( usually the tail end of a major decline ) , I believe that investors will begin to look at them much more seriously for 'insurance' purposes out of fear of possible future declines in the general market, especially once they see how well they 'hold up' during the initial decline phase. This will also create renewed interest in the metals themselves.

steve puetz: I concur. I see the Canadian Silver Maple Leaf as "the people's investment" for the turn of the century. An ounce of pure silver in a beautifully proprtioned coin with a face value of $5 Canadian. Hey, worst comes to worst, you can at least buy a burger and fries or a few gallons of gas with the coin. Best case scenario the six bucks you'll pay now will be 12, or 18, or 24 down the road.

steve puetz: I concur. I see the Canadian Silver Maple Leaf as "the people's investment" for the turn of the century. An ounce of pure silver in a beautifully proprtioned coin with a face value of $5 Canadian. Hey, worst comes to worst, you can at least buy a burger and fries or a few gallons of gas with the coin. Best case scenario the six bucks you'll pay now will be 12, or 18, or 24 down the road.

GVC: Something similar to what you describe happened from 1929 to 1935. During the last half of October 1929, gold shares ( include Homestake ) lost about half of their value. By 1932, when the Dow hit bottom, the gold shares were up slightly. However, gold shares did not soar until 1932-1935 when the Dow began to recover. Generally, gold shares do not behave very well when the stock market is in a bear market.

GVC: Something similar to what you describe happened from 1929 to 1935. During the last half of October 1929, gold shares ( include Homestake ) lost about half of their value. By 1932, when the Dow hit bottom, the gold shares were up slightly. However, gold shares did not soar until 1932-1935 when the Dow began to recover. Generally, gold shares do not behave very well when the stock market is in a bear market.

Have been lurking for some time and wanted to thank you all for your contributions.

Have been lurking for some time and wanted to thank you all for your contributions.

MGraves: It's time ta drop the puck....Go Flyers!

MGraves: It's time ta drop the puck....Go Flyers!

I know I've been irrationally exuberant in previously posted forecasts, but I still believe in $5.90 silver. Now I will extend that price to the mid to end of July time frame. Please review posted weekly w/stochastics chart below ( I like drawing lines!!! ) :

I know I've been irrationally exuberant in previously posted forecasts, but I still believe in $5.90 silver. Now I will extend that price to the mid to end of July time frame. Please review posted weekly w/stochastics chart below ( I like drawing lines!!! ) :

Hey Ted : Seagull is a hovering!!!!!

Hey Ted : Seagull is a hovering!!!!!

Steve: Gold shares didn't start to rise in the depression until gold was confiscated and the dollar devalued in terms of gold. However the point is well taken that a stockmarket catastrophe may affect mining shares negatively as well, at least early on. I too expect gold to be in the 1000's of dollars in the very early years of the next century.

Steve: Gold shares didn't start to rise in the depression until gold was confiscated and the dollar devalued in terms of gold. However the point is well taken that a stockmarket catastrophe may affect mining shares negatively as well, at least early on. I too expect gold to be in the 1000's of dollars in the very early years of the next century.

Like Y.Auger's projections re: XAU in his commentary and on the Weekly Chart. After accessing the "Daily Market Wrapup" page, scroll down and click on Weekly Chart. ... http://www.mgl.ca/~yauger

Like Y.Auger's projections re: XAU in his commentary and on the Weekly Chart. After accessing the "Daily Market Wrapup" page, scroll down and click on Weekly Chart. ... http://www.mgl.ca/~yauger

rt: The most important line of all connects the April '95, Jan/Feb '96, and Feb '97 Silver peaks. This line, by the way, goes back to connect the '83 and '87 peaks in silver. A breakout from this line will take silver out of the downtrend it's been in for 14 years!!! The price level for the breakout is roughly $5.20 at this point. I think your 5.90 is a good guess as to where silver will run if this breakout occurs. ( I'm looking for 6.25 myself ) .

rt: The most important line of all connects the April '95, Jan/Feb '96, and Feb '97 Silver peaks. This line, by the way, goes back to connect the '83 and '87 peaks in silver. A breakout from this line will take silver out of the downtrend it's been in for 14 years!!! The price level for the breakout is roughly $5.20 at this point. I think your 5.90 is a good guess as to where silver will run if this breakout occurs. ( I'm looking for 6.25 myself ) .

MR.BEAR : yes, joe consumer buys some jewelry; but his money in the financial markets is managed by some mutual fund manager entrusted with his employer's pension plan. the little he has on his own is also in mutual funds, recommended by a relative he trusts. we are talking about money management by major financial institution managers, once the panic sets in.

MR.BEAR : yes, joe consumer buys some jewelry; but his money in the financial markets is managed by some mutual fund manager entrusted with his employer's pension plan. the little he has on his own is also in mutual funds, recommended by a relative he trusts. we are talking about money management by major financial institution managers, once the panic sets in.

Everytime I read about a referal to a "comment" or website, it's the same
2 or 3 websites...."guru at Gold Eagle, blah blah blah". This is real scientific research and broad references brought here. If I had played ANY short term metals trade off the comments on this board since I started reading 6 months ago I'd be broke! Folks the kids on the AOL Iomega board made way better calls the blindfolded traders around here do.

Everytime I read about a referal to a "comment" or website, it's the same
2 or 3 websites...."guru at Gold Eagle, blah blah blah". This is real scientific research and broad references brought here. If I had played ANY short term metals trade off the comments on this board since I started reading 6 months ago I'd be broke! Folks the kids on the AOL Iomega board made way better calls the blindfolded traders around here do.

NJ: Who is going to be the buyers? In reality there are two players, the CB"S and the Jewlery manufactures. As we all know the CB's are net sellers or holders, not buyers. The only player left is joe consumer buying jewlery or coins. If the markets crash joe consumer is taken out of the game.

NJ: Who is going to be the buyers? In reality there are two players, the CB"S and the Jewlery manufactures. As we all know the CB's are net sellers or holders, not buyers. The only player left is joe consumer buying jewlery or coins. If the markets crash joe consumer is taken out of the game.

Schippi- Great page and useful links for Fidelity Select Sector investors. Thank you.

Schippi- Great page and useful links for Fidelity Select Sector investors. Thank you.

MR.BEAR : for that please check Steve Puetz, 19:35. money managers will buy gold in a market panic because they know its value and role, despite paying lip service to the pc dictates of CBs. as if you dont know all this : )

MR.BEAR : for that please check Steve Puetz, 19:35. money managers will buy gold in a market panic because they know its value and role, despite paying lip service to the pc dictates of CBs. as if you dont know all this : )

Frenchman ( 2 something post ) . July $330-345 ( that will be down from end of June ) . My prediction at least. I don't have an exact number magic ball to give exact numbers and dates. : )
I believe July will be an exceptional accumulation period.

Frenchman ( 2 something post ) . July $330-345 ( that will be down from end of June ) . My prediction at least. I don't have an exact number magic ball to give exact numbers and dates. : )
I believe July will be an exceptional accumulation period.

M. Graves: My comments were meant in an entirely jocular vein. My sincere apologies for the perceived offense and for not making that crystal clear.

M. Graves: My comments were meant in an entirely jocular vein. My sincere apologies for the perceived offense and for not making that crystal clear.

George Cole: I guess similiar theories. I see the bull peaking near month's end ( I don't know an exact date ... I don't claim to be psychic ) .
I feel pretty confident about sometime in July being tough on the market ( general and metals ) . Good accumulation period for metals. I predict August as a rebound month for both. A bear market following for general market through February ( with some rebounds here and there ) and gradual bull for metals ( gold and silver in particular ) to run out until March or so. These forecasts have to do with economic projections ( interest rates, business cycles, inflation, debt ( esp. consumer ) , inventories, etc. ) . I believe this is an exceptional opportunity ( especially July ) to accumulate quality mining companies ( seniors; juniors and growth companies that will be producing a decent amount by January or have quality sites that could be takeover targets {selling individual or acquisitions of entire mining companies} ) . In my view, some of the majors look good and some of them stink. There are some junior and growth companies that will pound the hell out of some shorts ( especially those who I think may be prime takeover targets ) .

George Cole: I guess similiar theories. I see the bull peaking near month's end ( I don't know an exact date ... I don't claim to be psychic ) .
I feel pretty confident about sometime in July being tough on the market ( general and metals ) . Good accumulation period for metals. I predict August as a rebound month for both. A bear market following for general market through February ( with some rebounds here and there ) and gradual bull for metals ( gold and silver in particular ) to run out until March or so. These forecasts have to do with economic projections ( interest rates, business cycles, inflation, debt ( esp. consumer ) , inventories, etc. ) . I believe this is an exceptional opportunity ( especially July ) to accumulate quality mining companies ( seniors; juniors and growth companies that will be producing a decent amount by January or have quality sites that could be takeover targets {selling individual or acquisitions of entire mining companies} ) . In my view, some of the majors look good and some of them stink. There are some junior and growth companies that will pound the hell out of some shorts ( especially those who I think may be prime takeover targets ) .

I realize the metals are also political. However, my predictions are based on economics. With that said, I believe that are several countries and/or intl. issues that have strong possibilities to shake the markets ( which way; who knows; depends on what specific circumstances ) . Included but not limited to:
U.S. ( you name it ) , Canada ( Quebec issue ) , Japan ( banking system ) , China ( MNF status, HK, etc. ) , EMU, North Korea, Middle East, Russia ( as we have already seen; production related ) , and South Africa ( of course; production related ) .

I realize the metals are also political. However, my predictions are based on economics. With that said, I believe that are several countries and/or intl. issues that have strong possibilities to shake the markets ( which way; who knows; depends on what specific circumstances ) . Included but not limited to:
U.S. ( you name it ) , Canada ( Quebec issue ) , Japan ( banking system ) , China ( MNF status, HK, etc. ) , EMU, North Korea, Middle East, Russia ( as we have already seen; production related ) , and South Africa ( of course; production related ) .

Perhaps we are at a major turning point in the S&P. If I am correct in the identification of the topping pattern, it is a rising wedge, which is considered very bearish. Elliott Wave teaches that in a rising wedge pattern, a "throw-under" frequently occurs. A "throw-under" is a very brief penetration of the lower rising trendline. This happened on 5-30. The "throw-under is soon followed by a "throw-over", which is a very brief penetration of the upper rising trend line. The "throw-over" is supposed to happen on heavy vol. The vol. was only moderate, so this might negate the effectiveness of the pattern. The "throw-over" occurred on 6-7. Very soon after the "throw-over, a dramatic change in trend occurs.
Elliott Wave theory holds that a rising wedge pattern only happens at the very end of a bull market move, and is an indication of the exhaustion of the move.
I think that Monday will start off with an up move, which will be reversed, into the start of the "A" Corrective Wave down. The Corrective "B" Wave up will likely establish new highs, but the final Corrective "C" wave down will be large, and very frightening for many investors.

Perhaps we are at a major turning point in the S&P. If I am correct in the identification of the topping pattern, it is a rising wedge, which is considered very bearish. Elliott Wave teaches that in a rising wedge pattern, a "throw-under" frequently occurs. A "throw-under" is a very brief penetration of the lower rising trendline. This happened on 5-30. The "throw-under is soon followed by a "throw-over", which is a very brief penetration of the upper rising trend line. The "throw-over" is supposed to happen on heavy vol. The vol. was only moderate, so this might negate the effectiveness of the pattern. The "throw-over" occurred on 6-7. Very soon after the "throw-over, a dramatic change in trend occurs.
Elliott Wave theory holds that a rising wedge pattern only happens at the very end of a bull market move, and is an indication of the exhaustion of the move.
I think that Monday will start off with an up move, which will be reversed, into the start of the "A" Corrective Wave down. The Corrective "B" Wave up will likely establish new highs, but the final Corrective "C" wave down will be large, and very frightening for many investors.

Mike Sheller and all you others out there tryin to figure out how to play it- I will say it again, iffin gold goes to $2000 or sometnin above the current level and the stocks go down with the market the best stocks to own are the ones that pay dividends soos you win either way. The only stocks I know of that traditionally pay their share holders, are the SA shares. Be sure and buy those that have not sold forward, the only one I know of for sure that is sold forward is Western Areas, that could change by the day.

Mike Sheller and all you others out there tryin to figure out how to play it- I will say it again, iffin gold goes to $2000 or sometnin above the current level and the stocks go down with the market the best stocks to own are the ones that pay dividends soos you win either way. The only stocks I know of that traditionally pay their share holders, are the SA shares. Be sure and buy those that have not sold forward, the only one I know of for sure that is sold forward is Western Areas, that could change by the day.

REB: Do you have a chart showing the price of gold back to 1920 in constant $?

REB: Do you have a chart showing the price of gold back to 1920 in constant $?

anyone know where I can buy 1,000 silver maple leafs. I dont mind getting screwed but I dont want to get raped.

anyone know where I can buy 1,000 silver maple leafs. I dont mind getting screwed but I dont want to get raped.

RJ -- You have posted that you see gold as being 'dead' for the rest of the year. I'm not saying that view is right or wrong. Just trying to quantify your rational/basis behind that thinking. I would appreciate a response. Thanks.

RJ -- You have posted that you see gold as being 'dead' for the rest of the year. I'm not saying that view is right or wrong. Just trying to quantify your rational/basis behind that thinking. I would appreciate a response. Thanks.

One of US best-known Analysts in last 20 years, James Dines, shares bullish report on Platinum & Palladium - & their impact on Gold. He likes Stillwater Mining. See Editorials:
http://www.gold-eagle.com/editorials.html

One of US best-known Analysts in last 20 years, James Dines, shares bullish report on Platinum & Palladium - & their impact on Gold. He likes Stillwater Mining. See Editorials:
http://www.gold-eagle.com/editorials.html