"I shoveled away about two and a half feet of gravel, arrived at a beautiful soft slate and saw gold shining like the stars in Orion on a dark frosty night.


***

Gabriel Read on his strike of gold in Central Otago 1861, now called Gabriels Gully.

No posts????

Is KITCO 3 day chart correct?!? Gold down $10.00

Gold 334.10

"SOON" -
10/05/97 - "Excerpts, exceptions, excellence, & intuition ; plus, a
dedication"

{from various e-mails to associates, & from kitco.com posts; - a
subject: .." SOON " }

This communication is dedicated to a nation of "economic illiterates", a
nation that means well,
but forgets its heritage. .... a nation that will one day, again : be a
light unto the poor & the
oppressed -- from within her borders, from across the seas, from the
lands above - up north, and
from regions ... down - to the south .

What follows, are recent "excerpts" of my contributions ( - my e-mails to
investment associates, &
my 'posts' to investment discussion groups/boards- ) ..... to the world
of -- 'citizens', savers,
investors, and traders.

( FOOTNOTE: 'citizens' -- is defined as those open-minded, concerned, &
inquiring-enough: to
appreciate the need for a world-wide, medium of exchange, as well as - a
store of value; that
cannot be manipulated, changed, re-figured, controlled -- whether by
nations, politicians,
bankers, or any particular 'blocks of self-interest' . )

I will attempt ... ( - based on my study of the 'masters', plus my own
research-experience, plus
my 'intuition' ) ... to include: what we might all consider doing NEXT,
if we wish to plan for this
most uncertain, magnificent TIME of opportunity and change.

Friday, 8/22/97 -- IS THE DAM ABOUT TO BREAK ? : : )
"...before the real BEAR snares the 'Yuppie-Kingdom's' sacred-cow... ( or
is that- ) ... the sacred
Dow... ( -as in - Dow Jones Industrial Average ) . ... U.S. Treasury Bonds
have their highest
'NET-SHORT' position among 'Commercials' ( -the 'big-boys' ) ...... -
Accelerating interest rates ...
( and the "whisper" of rising gold prices ) in the U.S., will be the
ACHILLE'S HEEL of the U.S.
Stock Market, and the U.S. Economy."

Sunday, 8/24/97 -- THE LEAD SOUTS . : : )
" Any considered study and contemplation of the gold & silver mining
stocks listed on the New
York Stock Exchange ( -etc. ) , will lead any discerning student of
technical timing, to this
conclusion: the precious metals are 'gearing up' for an 'explosion' ...
to the upside. "

Friday, 9/19/97 -- LIFT-OFF ! : : )
"... Here, at the end of summer, and the beginning of fall, 1997 - we are
at the beginning of the
first enduring, intermediate bull-market move, in precious metals, since
the first quarter of '95,
and again, since the 4th quarter of '95. We are at ... ' Lift-Off '. "

Sunday, 9/21/97 -- LIFT-OFF ABORTED ( - ? ) ( - 'eating-crow' ) . : : )
" So, pride goeth before 'the fall' -- Jumping the gun, and wishful
thinking, do not a bull market
make, not even in gold & silver. "

Wednesday, 9/24/97 -- LIFT-OFF RE-INSTATED . : : )
"LIFT-OFF back on track/re-instated. ... the 'count-down' for a precious
metals bull-market --
'lift-off' -- , has begun. "

Thursday, 9/25/97 -- KITCO.COM ... A CALDRON... + SHAKESPEARE . : : )
"...what a caldron of....creative dialogue... 'The Lead Scouts' are
offering us a golden platter.... of
opportunity in the precious metals investment markets, at this particular
time.
My 'Shakespeare' may be a little rusty, but ... here goes:

" We at the 'height' ...are ready to decline...
There is a 'tide' in the affairs of men...
Which, taken at the 'flood'...
Leads on to fortune;
Omitted, all the balance of their lives,
Are bound in shallows & in miseries.

"On such a full sea are we now a-float.
We must take the 'current' when it serves,
Or lose our ventures. "

( The U.S. Stock Market, and probably the ( U.S. ) bond market, are
increasingly vulnerable, to a
veritable 'crash' . )


Saturday, 9/27/97 -- THIS..BEST - NOT BE IGNORED . : : )
"We... best be about buying/securing/completing - our positions, and
commitments -- in selected
precious metals investments ( - including mining stocks, gold funds,
coins ) ; and including, for
traders ....call options .... at this particular time.

Saturday, 9/27/97 -- WHEN THE TENT COLLAPSES . : : )
"... And gold & silver too... will move up; at least for a year. "

Sunday, 10/05/97 -- 'FROM PERSONAL E-MAILS' . : : )
"... To sum it up, briefly - a very poweful, even explosive up-move, in
the precious metals, is
upon us. Three to six months from now, most of us, will be in total
disbelief - at how high, the
gold & silver prices, and selected mining shares, and their related
investment markets ...
( - including gold funds ) , will have risen.

This Christmas, 1997, Santa Claus is most likely arriving, with a big
bag of gold & silver 'gifts'
.... and his yule-tide deliveries may include at stock market crash, as
well. "

My 'intuition' -- THE PRESENT POINT OF POWER . : : )

As the daily evidence, by the fruits of our collective labors, and our
collective foolishness
unfolds...suggests:
#1. individual long-term investors, fund-managers, & financial planners;
are advised to diversify
into selected gold & silver mining companies' stocks, if not done so,
already.
#2. Inter-mediate term investors/traders are advised to focussed on
highly leveraged, &/or low-
priced issues, such as AU, BMG, SSC, AAGIY, & DRFNY.
#3. Short-term traders are advised to consider strategies including 3 to
6 month call options --
on selected mining stocks, & on gold & silver futures, at specific strike
prices.

For additional information, you are invited to contact me.

David Blair Macrory, C.T.A.
goldfevr@pacbell.net
Tierra-$anta Trading
2207 Madison
San Diego, CA 92116

THE PACK IS BACK!! AND SO IS GOLD! Crippled and maimed though it may bebe ( sorry Don ) , in the end the green and gold will triumph! It won't be easy and it won't always be pretty but ultimately after much heartbreak and trial the green and gold like gold itself will prove to the world their true worth and in-VINCE-ability. Gold at $444.44 by Super Bowl Sunday! ( As Brett Favre would say, "Just bet against me and you'll lose! )
Or as St. Vince once said, "It's not how you get knocked down but how you get back up that counts!

10/6/97 -- 1:47 AM

Showdown over Iraq, U.N. policy shaping up


UNITED NATIONS ( AP ) - A major showdown over new Iraqi sanctions is taking shape in the U.N. Security Council, and the
outcome could have serious consequences for U.S. policy not only in the Middle East but with Russia, France and China as well.

By Saturday, U.N. weapons inspectors must submit to the council a report on whether Iraq has been complying with U.N. orders to
allow the investigators access to sites where Baghdad may be hiding banned weapons.

Last week, the team said the Iraqis blocked inspectors from three sites - two in Baghdad and one north of the city. Chief inspector
Richard Butler has demanded an explanation from Iraq's deputy prime minister, Tariq Aziz.

It was not the first time Iraq has prevented inspectors from sites. But this case is more important than the others because of the potential
for trouble with Russia, China and perhaps the French. All three - along with the United States and Britain - are permanent Security
Council members with veto powers.

The sanctions - in place since Iraq invaded Kuwait in 1990 - are widely unpopular. The French and Russians are anxious to resume
commercial links with Baghdad. China is also ready to do business with the Iraqis.

Arab countries resent that sanctions are usually reserved for wayward Arab regimes - such as Libya and Iraq - when the Americans
refuse to join the council at all in criticizing Israel for its building settlements in the West Bank and Gaza Strip.

Following a standoff with the Iraqis last spring, the United States and Britain submitted a resolution in June asking the council to impose
travel restrictions on Iraqi military and intelligence officers.

The Russians, Chinese and French opposed additional sanctions. Russia's U.N. ambassador, Sergey Lavrov, informed his colleagues he
would veto the Anglo-American resolution.

But President Clinton and Russian President Boris Yeltsin agreed last spring to give Baghdad until the October report to demonstrate
cooperation. The two expressed their ``firm intention'' to impose new sanctions if Baghdad continued its obstructionist ways.

If the U.N. inspectors submit an unfavorable report this week, it would be up to the Clinton Administration and the British to decide
whether to ask the council to consider new measures.

It would then be up to the current council president, Juan Somavia of Chile, to schedule Security Council debate, which could delay a
showdown for several days after the report is submitted.

That could delay a showdown for several more days once the report has been submitted. That would give more time for the USS Nimitz,
a U.S. aircraft carrier, to reach the Gulf.

The Pentagon, in announcing last week that the Nimitz was heading to the region, linked the carrier's presence to recent Iranian airstrikes
against opposition groups operating from bases in Iraq. But the carrier could conceivably be used for punitive action against Baghdad.

Privately, Russian diplomats at the United Nations have been urging moderation, telling reporters that despite lapses, Iraq has genuinely
tried to comply with U.N. orders to dismantle banned weapons systems and offer proof to the inspectors.

The Russians noted that although the Iraqis barred inspectors from three sites, they allowed them access to seven.

David. I grok.

For Monsiour Greg.

Refairance your 22:21

Did zee famouse Monsiour Groucho say somezing lak zat ????
Zat ess Crazee.

GOLD OFF $4.60 at $330.10! Silver off 12 at $5.16! Some cb selling going on or more Aussie hedging? Now gold only off $00.75 @ $333.95! HELP me understand these wild gyrations!

GOLD now OFF $10.65 @ $324.05!! Who can tell me what's going on?

EBN Got 334.10

Gold will be back to the 320, 325 range within 3-4 days, as the stock
markets rage on. Have patience, gold is poised to lift off, but not for
at least another month.

Rupiah Tumbles as Central Bank Intervenes

The Indonesian rupiah pared its loss after the central bank bought the rupiah to shore up the
currency, traders said. The rupiah was at 3,755 per U.S. dollar, or down 4.2 percent from Friday's
Tokyo close. It regained some ground from its weakest of 3,860 per dollar earlier today and after
plunging as much as 9.3 percent on Friday. The central bank spent about $100 million buying the
rupiah at about 3,800 per dollar, traders said. Bank Indonesia couldn't be reached for comments.

http://biz.yahoo.com/finance/97/10/01/z0009_14.html

http://biz.yahoo.com/finance/97/10/05/y0035_z00_1.html

http://biz.yahoo.com/finance/97/10/02/y0023_z00_4.html

http://biz.yahoo.com/finance/97/10/03/z0009_6.html

DONALD: You are ON the JOB. That news note from Mongolia fits my Tuesday astro call to watch for it in the news, I would say. Also earlier post by another Kitcoite on closed Bahama Bank fulfills Bahamas call as well ( I also mentioned Abu Dhabi, but I'll take Qatar! ) Now we have to keep an eye out for Bangladesh.

DONALD: I missed the Bangladesh post, Saw it after my comment. You ARE the MAN! Thank You Verrry Much! The kid is 3 for 3.

http://biz.yahoo.com/finance/97/10/03/pdg_y0023_2.html

Good Morning Mike: I am really impressed. You called that stuff days in advance.

Don't come too close Kitcoites, I'm hot! Won't be responsible for severe burns. A look at the Weekly COPPER chart discloses a gorgeous Rhino, ready for the stalking. Get out your .375 Mashburn Magnums guys n' gals, and follow me through the bush. This Rhino is grazing contentedly at support as we speak. His ears are twitching a bit, but he doesn't sense our presence yet. The daily chart shows that he is ready to undulate into an ungulate trot at any moment. That trot will turn into a gallop in a couple of weeks, and then a stampede if the price gets out of the forming triangle at around 1.17. The call? BUY copper, Today. I can't be any clearer. Be ready to buy more as it crosses 1.17 ( or the downtrend line as defined when price gets to it ) .

http://www.newsday.com:80/mainnews/rnmi011o.htm

http://biz.yahoo.com/finance/97/10/05/y0021_y00_1.html

Tryin' to get to Heaven before they close the door?Thoughts:Howard Stern said today he would like Polansky to produce his new movie "Canadian Mosad Passport Express".If anybody liked Bob Dylan in the past they should listen to "Time out of mind".His voice crackles but the beauty of thought is emansipating,My favourite this year.P.S When you think you lost everything,You find out you could lose more.Shorting Gold at 340 could help Australia save face. Happy Trails

http://biz.yahoo.com/finance/97/10/02/z0009_88.html

DONALD: You are the HUMAN SEARCH ENGINE!!! A post with Copper AND Mongolia in it, in less time than it takes for me to get a second cup of coffee. Signed: Awestruck on Long Island. Is Kitco amazing, or what???!!!

http://www.ohio.com:80/bj/business/docs/000632.htm

http://www.arabicnews.com:80/ansub/index.html

It looks good for Gold starting out this morning.
Johannesburg Gold Index +24.2 ( @1066.3 ) , +2.32%.

Kia Group Refuses Court Receivership, to Seek More Loans

Kia Group said it will reject today's deadline set by creditors to file for court receivership and called
on banks to reschedule its $10 billion debt. The fate of Kia, Korea's eighth- largest industrial group,
will affect the overall economy. Its demise would cut an estimated 1 percentage point off the
country's economic growth rate and drive thousands of subcontractors under. Kia management is
unwilling to hand over the corporate reins to the courts, saying it can rescue the company's finances
if banks provide additional capital. Kia creditors said they will stop providing money to the group
unless management files for court receivership.

http://biz.yahoo.com/finance/97/10/05/y0004_z00_1.html

http://biz.yahoo.com/finance/97/10/06/z0009_1.html

What has happened to Gold 322.10 down over $12

EBN gold down .50 Silver down .01 I don't know what Bart's plugged into, but be patient.

Squuze me for mispelling "squeeze" ( but I kind of like the new word )

EBN Gold Spot Price still has it at -50 cents @ 6:30 AM.

http://www.pm-connect.com/images/right.map?51,30 Gold @ 335.30

Investors are Too Optimistic: http://www.smartmoney.com/smt/stocks/index.cfm?story=199710031

http://biz.yahoo.com/finance/97/09/29/y0023_z00_38.html

http://www.smh.com.au:80/daily/content/971006/world/world2.html

Mike Sheller: Faster than a speeding bullet, jumps buildings in a single leap, posts in an instant! Where does Donald get all that energy?

Maverick, inflation is all around us. Ignore the bleed'n ( can't use the word I want to in public ) PPI & CPI. Do you think those in power want to see it all evaporate? You think yelling "FIRE!" in a theatre is bad, wait until "INFLATION!" is yelled in the stock market. Checked out the price of a new car lately? Or the price of a new house? The government isn't reporting the inflation, nor is the press investigating it as they have long ago prostituted themselves to the Feds. Speed last night posted the old "switcheroo" Jack in the Box pulled, whereby they made the "small" milk shake now the "medium" milk shake. In my area the "small" drink has simply disappeared - all drink sizes - now you just price three prices - no size. How many of us are taking down the weight, price and date of food stuffs & items we buy so that we can have a "memory" of what is going on? A bag of chips? Bag is same size, but stuff inside becomes less & less. This scam is so old - yet none of us are protesting. You think this is not relevant, but on any given day, for example, 6% - 10% of Americans eat at MacDonalds ( fatty food that it is ) . A ***REAL*** CPI would focus on what we buy & consume on a daily & weekly basis, not bleed'n personal computers.

***Does anyone out here know of an alternative, more honest CPI???****

Aurator: Wasn't the Universe hidden on Orion's belt? Is that what you are referring to? Have you seen the move Men in Black? Hope all is well - Humor is what makes us all enjoy the world!

Donald: One you missed. Silver up Saturday ( Oct 4 ) in India.

http://biz.yahoo.com/finance/97/10/06/z0009_19.html

http://biz.yahoo.com/finance/97/10/03/hsy_z0000_1.html

Spud Master: I am boycotting Ruffles potato chips for that reason. They have downsized to 6oz. Twice in about 18 months I think.

Hi JTF: Must be a touch of Indiagestion this morning. Got to get to the copy shop this morning for Dow/Gold Ratio charts. Had about 12 requests so far.

Mike Sheller: Congrats on your Copper rhino alert. At this point one might expect deflation and dropping copper prices. The deflationary whiff is in the air. However, the wild card, I think is mainland China. What do you see in the future for China with your Astrological skills? I wonder if the SE Asia problems are really adversely affecting China -- I think not -- trade between China and the Western world may be what keeps us from world-wide disaster!

I got one thing to say to the Stock Market: INFLATION!

http://biz.yahoo.com/finance/97/10/06/z0009_12.html

Spud Master - Re: Inflation. I have lost 2 employees in the last 6 months, they were offered the world. It took me a month to replace them - I had to offer them at least 20% more than I would have two years ago. There were no highly qualified responces to my adds.
A friend of mine at GM said they can not find qualified people. We have a 2.3unemployment rate in this area.
Our current project has all bid areas coming in high by @ least 10%. Mickey D's is paying $7/hr+ in our area.
Inflation is going to appear suddenly like the White House video tapes, I can hear it now
"I didn' know it was there" They will most likely create a war to blame it on. Or some major deflationary event to eliminate it.

To all: If the commodity price index ( ie, Cry0 ) stays up, or rises, we are in good shape for a continued gold rally. Dropping commodity prices are a pretty effective damper on gold. Wonder if other commodities are rising due to demand in China.

EBN Gold in London: 334.25, -0.60 COMEX opens in an hour...

he major problem facing the EMU caused the Bretton Woods Agreement ( Gold Standard ) to fail. Medium to long-term GOLD WILL BE the greatest single beneficiary of the EMU:
http://www.gold-eagle.com/gold_digest/milhouse1006.html

It is funny how they subdue the inflation figures..noticed this weekend sugar was on sale for $.99..but it was a 4# bag instead of a 5#..hmmmmm..20% product for the same price..reckon thats a 20% price increase..it seems to be happening more and more

S&P Dec on Globex now up 3.55. See http://www.cme.com/cgi-bin/gflash.cgi

Donald: It's great to hear that you are getting so many requests on the Dow/gold index charts. Any comments on a

( US$ derivative interest ( in$ ) ) / ( US$ index ) ?

Looks like this data would be easy to find -- possibly useful as a paper implosion indicator!
Do you have other preferences?

Risk of a blow-off in t-Bonds is building -- Stephen Roach of Morgan Stanley. See: http://www.ms.com/GEFdata/digests/latest-digest.html#US

CNBC - Clinton is selling the US's largest oil reserve to OXY - everybody go out and buy a BIG 4 wheel Bronco today. 1972 ? Is this that Rockefeller, BP/Standard Oil thing again?

Hey Puetz: You got just 2-5 days to get to 4500! I am checking my charity list!

Highrise, here Texas is same thing: MacDonalds, Stop-N-Go, Seven-Eleven, grocery markets all have signs up screaming for labor @ $6 - $9 an hour. This is bottom of the barrel, unskilled, if-you're-breathing-I'll-hire-you labor. When this kind of demand manifests itself at these lowest employment levels ( well, perhaps politicians are a lower level ) what does it say? Surging inflation, and we Americans are not being told of it. As someone else here has said: "It's like a next neighbor owning an elephant but somehow you just never noticed it". Except this thing is a Tyranosaurus rex. HOW did our nation sink into such an excrable state of press/media reporting? Is it as simple as firing skeptical minds, and hiring the *ss-kissers for journalists and reporters? Were is the power of the web to unmask this lie?

... war ... well, I absolutely expect the Clinton administration, the most corrupt in American history ( Nixon & crew are amateurs by comparison ) to engineer a "crisis" of some sort to effect several means of consolidating their grip on power ( electronic funds transfer, martial law, gold confiscation, ban on critiscism of the government ) . Another "sinking of the Maine" type scenario - the end of American freedom ala end of Roman Republic, enter Roman Empire. We'll see if they can pull it off without...

Spud Master: Whereabouts in Texas are you? I just had my annual review and was given over 15% raise + options. Computer networking skills are so scarce, that companies are raiding each other for employees. Of course, I deserved the raise : ) but it points to either scarcity in a particular field or inflation or both. I ain't buyin' the govmint figgers at all.

EB ( 22:59 ) Yer treading on thin ice son....lucky for you my iSP ( yes,again ) was down last night and I couldn't read your comments while in a state of emotional turmoil but now that I've regained my sanity ( ? ) I realize that this was only part of the game plan to make it look like it was a close-exciting series....Am extremly confident about tonight irregardless of the "noise" coming from the peanut gallery....

To Auric,Mike Sheller+ EB: Didn't realize by bringing up Dan Quale,I'd be starting an international incident...Guess yer right Mike: He is the lesser of two evils compared to that FRAUD in the WH....Auric:How bout Larry Bird??...EB: Good site!....but wrong team!

JTF: Rest assured I watch China like a hawk, buddy. My son lives and works there, and his wife is from Shanghai. Kid speaks fluent Mandarin. He is a modern day "young" China hand.

TED: Leave it to you to start an international incident, and then go back to stirrin' your vulgar wheat. Have a great day all.

Insiders give stocks the cold shoulder
Copyright  1997 Nando.net
Copyright  1997 The Associated Press

NEW YORK ( October 5, 1997 9:46 p.m. EDT http://www.nando.net ) -- To the
discomfiture of many Wall Street analysts, corporate insiders have
lately lost much of their enthusiasm for stocks.

Indexes that track buying and selling of shares by this key group of
investors stand at some of their lowest levels of recent years. And
although insiders' past performance as market-timers has been spotty
at times, their increased caution is widely viewed as a significant new
question mark overhanging the market outlook.

"Insider sentiment is bearish," observes Claude Amadeo at the
investment firm of Bridgewater Associates in Wilton, Conn. "While
there is not enough history here to make any causality or
leading-indication judgments, it is possible that the current fall in
insider sentiment is foretelling equity market weakness."

The Insiders, a Deerfield Beach, Fla., newsletter, says its "insider
indicator" currently stands at 29 percent, about as low as it has fallen
at any time in the 1990s.

This number measures the amount of open-market purchases, as a
percentage of all purchases and sales, by corporate insiders --
defined as top executives, directors and large shareholders -- in their
own companies' stock.

Observes Amadeo, "Corporate insiders arguably have information
that is not available anywhere else and the most accurate sense of
where their corporations' profits are headed."

Insiders often acquire stock through other channels, such as stock
option plans. So The Insiders deems it bullish when 50 percent or
more of open-market insider activity, which must be publicly disclosed,
is on the buy side. From 30 percent to 50 percent is considered a
neutral range, and below 30 percent a negative sign.

For most of the past six years, The Insiders' index has fluctuated in the
neutral range, with occasional forays into bullish territory. But since
early summer it has dropped steadily from above the top of the neutral
range to just below the bottom of it.

"America's most knowledgeable investors are now in a selling mood,"
says Norman Fosback, The Insiders's editor.

This might be even more ominous than it sounds if past swings in
insider sentiment had proved to be consistently accurate portents of
the ups and downs of the market. But it hasn't always worked out that
way.

Throughout the first three quarters of 1987, for instance, The Insiders's
indicator stayed neutral, giving no warning at all of the crash that drove
the Dow Jones industrial average down 36 percent in less than two
months' time from late August through Oct. 19 of that year.

Although they missed that call, insiders made up for lost time by
turning into aggressive buyers after the crash, correctly signaling a
buying opportunity for stocks. When the 1990 bear market also
reduced stock prices to bargain levels, insiders went on another
buying spree.

By The Insiders's reckoning, corporate insiders haven't spent any
sustained periods on the bearish end of the spectrum since the early
and mid-1980s -- and thus have managed to reap many of the benefits
of one of the great bull markets in financial history.

But as the mighty market advance was getting started, the insiders
were slow to catch on. The Insiders's indicator was solidly bearish for

Spud and Speed/ The problem is that the demand is MAINLY for low paying unskilled labor/ With the exception of some high skilled techie types. Low paying low benefit jobs are everywhere. The proof is in the pudding, ie real inflation adjusted incomes are below 1989 levels. Add the huge consumer debt levels and the skyrocketing bankruptcies and the situation speaks for itself or in legalese Res Ipsa my friends. Recession/deflation then hyperinflation when people lose confidence in the govt to make everything ok ( if that indeed happens given media compliance with Wall St and the Govt ) .

Speed, I am a few miles north of DFW International ( hi Uric ) ... I'm about to plunk down $800 for Borland's JBuilder to convince ( by demonstration ) my lethargic, scaredy-pants management that you can build real-time avionics with Java. Sigh ... my heart is with Ada, though. And Ariane-5, raining down on the Guiana forests in a conflagration of hypergolics & cryogenics. My employer ( or meta-employer ) is offering $2,000 bonuses to it's employees for every new-hire. Trivial, I suppose, compared to the network software crews. Thing is, they can't find *anyone*. Management doesn't realize that the days of middle & upper management paying themseleves millions of dollar salaries is OVER. WE the engineers, have the power to make things happen or not. The paltry handful of young new-hires here that know that we are not fodder for the careers of parasitical managers anymore; we don't have to work 70 hour weeks for a $100 bonus and two days off. Dilbert is prophecy. Atlas will shrug, but quitely. ps - I have a gut feeling that the software industry as a whole is tetering toward disaster - too many languages, too many software systems poorly documented, too little testing, too little design. After years of software maintenance, I honestly believe it is wiser & cheaper to redesign from scratch using modern tools & language than to maintain old systems. Oh, and buy gold ; )

Mornin' Kitco. Ted--The Larry Bird story is beginning a new chapter. He surprised everyone by his performance in the NBA. I think he will be as important a coach, as he was a player.

All, The early birds are paying up again for S&P futures. Friday repeat anyone?

Spud Master: I like your take on software. Will buy gold : ) BBL

S+P futures up 5.70 ....Weather: 54 and drizzly fog......

Re-LB: I agree....he de MAN....

Mike Sheller--Copper, eh? Any stocks that would be good pure Copper plays? What about options on Copper or Copper stocks. Any recommendations?

EBN Gold down $1.40. Looks like we are going to get the pullback I have been anticipating. Probably a few bucks more on the downside to around $330 before we take off again.

What's this business on Sollog? Who is this person and why does this name even jam my search engine? I went back to Collen's post on friday and found it to be the only one I can't access!?, says "server connexion has been reset". Someone please post an acessable site.

Spud Master I had a branch office in Dallas until the Fed shut her down. I have gone through the Wendy's drive through for a cup of java and have been given hot tea twice - two locations. People can't even flip a burger let alone use a hammer. What kind of skilled labor are they talking about? I had hot water plumbed to a toilet - steamed my a.... Well I got to get to it, had a message on voice mail - a lady is putting the completion of her home plans on hold. The construction cost may be coming in high. NO INFLATION RIGHT see ya!

What's the deal with CBJ and GSR? Did they find some of that repugnant yellow stuff?

'Triple Ought' by James Wesley Rawles

A bit of light reading for all crash buffs:
It is a fictional acount on the Millennial Crash and its Aftermath.
His call is for a financial crash and gold at $3,800oz.
The appendice has some data on gold and guns.

Downloadable from:
http://www.teleport.com/~ammon/gn/cover.htm

Acclaimed Compuserve Gold & Silver King has returned from the North Woods to share his considerable wisdom. Hes found a pure silver play worth watching:
http://www.gold-eagle.com/gold_digest/goldbug903.html

I genuinely appreciate and enjoy all the great comments, thoughts, insights, etc., from the many fine contributors to this site, and I hope that it will continue apace. Nevertheless, in the hope that none of my fine friends here will take any offense, I have concluded that, generally speaking, there are three basic types of gold analysts posting here:

1. Those who have a limited grasp of the situation ( or possibly, no idea what they are talking about ) and make wild predictions that happen to turn out to be accurate.
2. Those who have a limited grasp of the situation ( or possibly, no idea what they are talking about ) and make wild predictions that turn out to be inaccurate.
3. George Cole.

Can anyone else kick in a bit of local business/housing construction? Here in the DFW, Texas area, for the last year and a half there has been a *fantastic* amount of construction. Astounding even to a toughened old tuber like me. A twelve mile stretch of highway that was wilderness is now wall-to-wall shopping centers, restaurants and quarter-million houses ... unsustainable ... I dread a crash & what would happen ...

2: I would SECOND your observation.

With most stock averages in new high ground and the Dow poised to follow, my call for a market top in August obviously was premature. Congrats oldman for another excellent call. Nonetheless I do think the topping PROCESS began that month and will soon be complete. By contrast my call for a summer bottom in gold seems to have been right on the money.

2.....too funny about the gold analysts! That's why I'm hesitant to make any wild-ass predictions. Slow and steady wins the race; nice and easy sets the pace.

Spudmaster: The DFW area is one continuous blend of shopping centers, glass box office buildings,yuppie bars, overpriced housing,
and generally a terrible place to live. I long for the day I retire and leave. If you are looking for housing, try north of loop 635 in the
Addison, Carrolton area but its the same old stuff I described above. My sincere advice is to look elseware.

Internationally acclaimed Technical Analyst has performed another insightful study destined to be called THE Homestake Mining Prophecy. His analysis exudes incisive thinking, and is expressed with great clarity:
http://www.gold-eagle.com/gold_digest/fisher1001.html

Bart--Just to let you know... In the last few days, my ISP is connecting consistently, and quickly with the Kitco Forum. Your efforts are noticed and appreciated.

Badger:

http://www.bahnhof.se/~wizard/sollog/

Surfed for this Sollog person last week when someone else posted a query on him, but found a lot of weird stuff there- which goes on and on....USA seems to have had him on TV and radio- but first time I've heard of him.

If he's so good, why are we not hearing more about Bill Clinton and Cheeseburgers?

Does anyone have any URL for oil & crude prices with the most
resent price updates. Recently I have been very interested
in their direction compare to Gold. Thank You in Advance.

Mike Sheller
Could you please do a birth chart on the new Dow futures.
It could hold some interesting insights to the future.

Stalder-- Try here-- http://www.ino.com/cgi/charts/stockinfo.cgi The screen will say "Error Message". Ignore it and go to the options on the left. Enter the symbol for Crude Oil in the space provided. That should do it!

Stalder
Try Oilworld:
http://www.oilworld.com/
Not sure how frequently they update?

Stalder: There is a wealth of Crude Oil data sources at URL:
http://www.gold-eagle.com/crude_oil.html

Nick @ 10:54--Good timing mate!

GOLD-EAGLEs September SPOTLIGHT beams on the Oracle of Hong Kong. To read his honored study & Biography, just CLICK on the Hall of Fame September plaque:
http://www.gold-eagle.com/awards/spotlight.html

Mike Sheller: What is your opinion of Sollog? My problem with individuals such as this who claim to predict the future, is that:
i ) It is hard to prove a track record from past predictions, unless all predictions are known.
ii ) Predictions given in riddles ( Sollog's earlier predictions ) are subject to interpretation, and cannot be discounted as false when the suspected date comes.
iii ) An individual who could really predict the future would probably speak in riddles because of the commotion he/she would create!

Another question that comes to mind is whether some of the predictions could actually happen, such as Florida leveled by a 200 mile/hour hurricane. A region of Florida would be more likely, because that has happened before. Mt Lassen being associated with the destruction of Los Angeles sounds highly unlikely, given the distance from Mt Lassen to LA. Is Sollog talking about a Mt Mazama-grade eruption? That might take out several states, as it did many thousands of years ago.
Solog does make fascinating reading!

George Cole: Hope you are right about the Gold bottom.
I also agree with that, and will get in this week.
The stock market party may continue for a while yet, but some of those
huge profits will find there way to the PM sector.
I think either way, Gold will be heading higher, with some infilling in between....
Cheers.

JTF: Sollog has said pope will die on October 13. He also said Cliinton bites it in November of this year. He is a fu**ing nutcase!

George - I have the courage of your convictions. I'm not so sure you were wrong about the DOW high in August. The strength in the small caps, IMHO, is an indicator that people and funds are searching for growth companies that might be bear-resistant. I think this is the first step ( of many ) in the search for a safe harbor. Someone mentioned this stock. Check out this chart. http://quote.yahoo.com/quotes?symbols=tsim&detailed=1y

And this is a company that has never made any money and in June '97 had no backlog. But they are now in the Y2K business. What triggered the vertical rise in their stock? The founder gave the keynote speach at a San Fran conference.

Nick - Here is your chance. Price rising on volume!

Senator: You're probably right! A specific date instead of a riddle --
I was curious to see what our Mike Sheller has to say.

One of my favorites...complete with charts and option prices...h M!

http://router.minot.com/~bohl/

away...to study some copper
!

To all: Based on the last six months pattern, major turing point expected in a month. My guess is the low will be above our recent lows. If not -- I'm out. 1 1/2 years of bearish gold makes one edgy. We all should think about what RJ said.

Noticed alot of interest about the Dallas/DFW area. Anyway I have a cousin who is getting rich of the yuppies in that area. He has a Bed and Breakfast 1 hour north in Denison. Check out his site http://www.ivyblue.com/ Anyway even he is aware that the bubble is going to burst and is taking measures to prepare for a different business climate.

Re: your 8:40 - great Idea - Java based avionics real-time. Do yourself a favour before you go too far on this one... Make sure the OS you run it on has suitable RT characteristics!! Don't fall for MS-BS about Win NT being "soft real-time". As a software engineer veteran ( 25+ years ) , the best OS for cheap hardware that I have ever seen for RT is QNX - check it out at www.qnx.com. I am also with you one the beef/prediction on big-pay management and hard-done-by engineers who find the *real* solutions - huge disparity in proper remuneration!! Hasta la vista!

How did you like that SHOT last night?? In your face!! We are gonna ROCK-your-WORLD 2-nite!!

Big-Blast-Sandy

Auric - You gotta be quick to beat Vronsky

GSC concedes!!!! GSC concedes!!!!

Washington ( AP ) - George S. Cole conceded once again
that he was incorrect in calling the Dow's collapse, although
once again couching it in terms that he was "premature".

Thousands of investors who sold based on GSC's advice
could only groan as they wrote off more losses to experience, perhaps wishing that talk of GSC's demise as the self-appointed in-house Kitco guru wasn't premature.

Meanwhile, a growing voice ( estimated at 15% ) of discontent could be heard building across the praries, which sounded something like:


He's great
He can anticipate
He's never late,
Irreprobate

He's got nine lives
and nine besides
He rides the waves
and calms the tides

The cat
The cat
The cat
The cat
He's all of that
He's all of that

Ding-dong, GSC is wrong again.
What was that about the Dow
never seeing 8300 again in
our lifetime?

Where is the crash, Klitcoites?

JTF: I bookmarked the Sollog site and will check it out when I have time. To those who ask for me to run 'scopes on different things, please try to provide dates, and locations and time of day if possible, concerning the events or institutions.. The hardest part is finding out these stats, and if you provide them, I will do a scope and give my opinion. Otherwise, I just may not get around to getting the data. Thanks. Gotta Run.

Mike Sheller: Thanks -- you must get lots of requests. Incidentally, my wife was born in Shanghai. Interesting to see the World from the Oriental perspective. Even how one thinks is different, let alone the cultural part. The stories from her Mother about the occupation of Shanghai during WWII would make your hair stand on end! Gold and all that we have in the Western world is alot more valuable to those who have seen hard times.

Hep: Will you prognosticate 6 months,the market in general,and what
of au in Jan-May 1998? There will cat chow in it for you.Thanks.

Sandy: Stick it dude ( and YOU know where! ) ...Have YOU been noticing the Canadian Dollar since my call of the century....ALERT ALERT...Dow crashes up 37....

Interesting to see intraday GCZ7 bouncing off its supporting uptrend.

CNBC - Comptroller of the Currency is warning banks against making bad loans - "Just in case", some concern for the quality of loans "They are getting ready just incase there are bad times"

Come on hep.If not for me then for my cats Max, Stella, Barney, Spike, and Mona.

It will be a battle tonight!! And I got your stick...and it flew the Ball WAY... ( AWAY! ) ...over the fence yesterday.

Now I'm gonna show you the BIG-STICK!!!

...brother of Robrto

canadian bacon down 3ticks...still holding the .7300 level...

The sky is falling the sky is falling the sky is falling Dow continues its upward crash

lil brother you always were a PUNK! and ya can't even spit straight

George: What's your LATEST call on when the Dow will crash?

Yeh! That's what they have called me, but I am still in business. My father remembered the 30's and left me his first dollar two years ago. I went through 74, 83 in the rust belt and 86 in the oil patch. I came out pretty beat up and have used Gold stocks as a hedge with my interest sensitive business ever since. I do not plan on loosing that first dollar. What was it that Michael Metz said on CNBC? 60 trillion in derivatives out ther makes one a little nervous. Yeh, call me Chicken Little.

Hong Kong -2.32%
Philippines -3.37%
China -4.07%

Mike- you may find these interesting, if you don't already have the data.

The newspaper article on SA astrologer, Maureen Williams who predicted a major correction on the JSE around 10th Oct, gives the 'birth-dates' of the
- JSE as 8th November 1887
-She takes Gold using the inauguration of the London Metal Exchange on 12th December 1876

"She claims among her successes, predicting the date at which De Beers would hit it's record high of R140.25 [Aug 7] and Cape Town losing the Olympic bid" Johannesburg Star. Sep97

I now see that she also uses Elliot waves, Fibonacci numbes as well as traditional astro.

-re SOLLOG!?- a most frustrating and time-consuming site.
Agree, JTF, it does make fascinating, if mind-boggling, reading.

Can anyone verify the claims of past predictive success/es?

Testing

Spud Master 08:40 - Yes the industry is changing, on my last contract we
were scheduled in shifts because their wasn't enough equipment. I've
never heard of software developers doing shift work. As for shortages -
check out Lockheed-Martin in Sunnyvale. I heard they have over 5000
open positions for software engineers! Another weird example is the
Globalstar satelite program. The groundstations for it are being
built at QualComm. They are attempting to DD this groundstation with
newbies - over 50% of the software staff have less then 2 years experience.
One of there senior managers told me that 30% of management's time is
spent interviewing. I know it has been done "Soul of a New Machine",
but this is a big bet $4-5Billion on today's "highly educated" college
grads.

REDevelopement - hard to beat what is going on here in Phoenix lately.
I heard a number something like an 1.5 acres per hour are being deveoped
here in the valley

Price of oil will be going up when Uncle Sam has to buy back this oil. Who cares? It will make the Clinton's Budget look good for another year. The Rockefeller's should do alright when Uncle waits in line for fuel. Who got Clinton out of the draft?
http://www.tampabayonline.net/news/news100z.htm

Testing,
I am confused ( easily done! ) . When did the Dow close up above 8300 again?

Machf15

Hey Puetz, how are those S&P Put options doing today? You're "followers" must all be bankrupt by now! That shoe polish gonna be gatherin dust for a LONGGGGG time man! DOW crashin up today as usual....Gooooo PLatinum, I'm a rootin for ya..Goooo silver...

Price follows volume. XAU down sharply today as volume dries up. In other words the big boys have backed off. This action probably will perist for another day or two. Keep some powder dry

LGB: Hey, We all know the stock market has been the place to be since '82. This is late '97. Your recounting of investment history is becoming repetitious! Where are the best oppoprtunities for profit NOW? You want to make a wager, sir? I say $200 to a favorite charity Gold hits $400 Spot before the end of the year. What say you?

On the Side of Golden Angels provides historical precedent the House Of Rothschild might just be buying gold hand over fist!
http://www.gold-eagle.com/gold_digest/alberta909.html

That is a pretty B R A V E bet Senator I, like many other Kitoians hope you are RIGHT !!!

Peter: I have two 8's and two 0's. LGB is only
holding a pair of 9's! Ain't no way he can win the
hand!

George Cole: How much credence can you give to the XAU when 77% of it
is determined by only 3 companies? Namely Barric Gold: 34%, Newmont
Mining: 27%, and Placer Dome: 16%.

Senator Blutarsky: Ummm ???? What is that supposed to mean?? With that kind of advise I guess I should get out of them Gold Stocks, and Follow LGB's advise!!!!

George: Has stock market crash now been delayed again?

Peter: The comment about the poker hand was said with tongue firmly planted in cheek. The proposed wager is real.

Colleen: Thanks for the comments on Sollogg! I had guessed that you were also an Astrologer. Astrology and the extrasensory ( non-hard Physics stuff ) is fascinating to me. I know that there is something outside the known Physical world, but it is frustratingly out of my grasp. I also know that individuals who believe that they are here to "save" us may be spouting nonsense! I try to analyze everything with an open mind -- but with Sollogg I find it very difficult. When I get a chance, I will post you the name of a LA Psychiatrist who just wrote an interesting book on her extrasensory skills -- I think she is telling the truth. She couldn't predict the future, but she could find missing items, and sense events when they happened. She apparently worked in the lab of that UCLA woman researcher who was studying ESP and Kirlian photography in the 70's -- the name also escapes me right now.
Right now, I am accumulating and crosscorrelating information, in the hope that all of this will enventually make sense to me.

HighRise: Was that our strategic reserve that Clinton just sold? This sounds that it was devised by the brilliant individual who retired most of the long-term US bonds because they are currently more expensive than the short term ones. I guess anything that will not be a problem for more than 4 years is someone else's problem! Just wait till oil or interest rates go up, and the American taxpayer takes it on the chin!

All - In Jerry Favors latest analysis last Tuesday, he stated: "All counts suggest the current rally will peak this week. However at this point we cannot rule out a move above 8100 before final top this week with a top coming in near October 3 plus or minus 2 days." He has a pretty good record. We'll see how he does this time. For this statement to be correct, the DOW must peak tomorrow.

George Cole: Your critics fail to recognize that your posts offer an educational opportunity to those who read them. I for one enjoy them, and wiill continue to follow closely what you, the Oldman, and RJ have to say. As they say, you can only lead a horse to the water ----

So! George Cole is predicting another fall to $330! Good. That sounds like another buying opportunity to me. Now, I'm struggling with whether to risk putting my last 10% ( of the money I've been averaging into the market ) into SA stocks. All that I read points to these being held down relative to US, Canadian, & world golds by investor sentiment[prejudice?]. But when the Bull runs they will go up more, just as they have in previous post-presidential-election years. I don't know, maybe the time is right for USERX? In the end I think it all boils down to a $US versus Rand play, and I think the Rand has fallen enough.

George S Cole: Ignore the flak George. It will get worse when you are eventually right. Then they will dare you to do it again.

"LIFT-OFF CONFIRMED" -- 'all systems - go!' ( -the calm before the storm ) . Today's lower prices -- BUT ON SIGNIFICANTLY LOWER VOLUME -- in the primary mining stocks, ( -such as ASA, ABX, AU, BMG, CDE, HL, HM, NEM, PDG, SSC, etc. ) ; confirms that that this is indeed a new bull market ( chapter ) for precious metals investment markets. ACCUMULATION OF THESE STOCKS, BY STRONG/SMART/QUIET MONEY, CONTINUES, UNABATED.

( A word to the 'wise', is sufficient. )

'Lift-Off' is confirmed, and about to be completed. By Wednesday, this week, Oct. 8th: the beginning of the first sustained advance in gold silver, will begin, ( in all probability ) .

What follows, are excerpts, from some of my previous 'posts' and e-mails
to interested investors, and students of economics, markets, & technical-timing research.

10/05/97 - "Excerpts, exceptions, excellence, & intuition ; plus, a dedication"

{from various e-mails to associates, & from kitco.com posts; - a subject: .." SOON " }

This communication is dedicated to a nation of "economic illiterates", a nation that means well,
but forgets its heritage. .... a nation that will one day, again : be a light unto the poor & the
oppressed -- from within her borders, from across the seas, from the lands above - up north, and
from regions ... down - to the south .

What follows, are recent "excerpts" of my contributions ( - my e-mails to investment associates, &
my 'posts' to investment discussion groups/boards- ) ..... to the world of -- 'citizens', savers,
investors, and traders.

( FOOTNOTE: 'citizens' -- is defined as those open-minded, concerned, & inquiring-enough: to
appreciate the need for a world-wide, medium of exchange, as well as - a store of value; that
cannot be manipulated, changed, re-figured, controlled -- whether by nations, politicians,
bankers, or any particular 'blocks of self-interest' . )

I will attempt ... ( - based on my study of the 'masters', plus my own research-experience, plus
my 'intuition' ) ... to include: what we might all consider doing NEXT, if we wish to plan for this
most uncertain, magnificent TIME of opportunity and change.

Friday, 8/22/97 -- IS THE DAM ABOUT TO BREAK ? : : )
"...before the real BEAR snares the 'Yuppie-Kingdom's' sacred-cow... ( or is that- ) ... the sacred
Dow... ( -as in - Dow Jones Industrial Average ) . ... U.S. Treasury Bonds have their highest
'NET-SHORT' position among 'Commercials' ( -the 'big-boys' ) ...... - Accelerating interest rates ...
( and the "whisper" of rising gold prices ) in the U.S., will be the ACHILLE'S HEEL of the U.S.
Stock Market, and the U.S. Economy."

Sunday, 8/24/97 -- THE LEAD SOUTS . : : )
" Any considered study and contemplation of the gold & silver mining stocks listed on the New
York Stock Exchange ( -etc. ) , will lead any discerning student of technical timing, to this
conclusion: the precious metals are 'gearing up' for an 'explosion' ... to the upside. "

Friday, 9/19/97 -- LIFT-OFF ! : : )
"... Here, at the end of summer, and the beginning of fall, 1997 - we are at the beginning of the
first enduring, intermediate bull-market move, in precious metals, since the first quarter of '95,
and again, since the 4th quarter of '95. We are at ... ' Lift-Off '. "

Sunday, 9/21/97 -- LIFT-OFF ABORTED ( - ? ) ( - 'eating-crow' ) . : : )
" So, pride goeth before 'the fall' -- Jumping the gun, and wishful thinking, do not a bull market
make, not even in gold & silver. "

Wednesday, 9/24/97 -- LIFT-OFF RE-INSTATED . : : )
"LIFT-OFF back on track/re-instated. ... the 'count-down' for a precious metals bull-market --
'lift-off' -- , has begun. "

Thursday, 9/25/97 -- KITCO.COM ... A CALDRON... + SHAKESPEARE . : : )
"...what a caldron of....creative dialogue... 'The Lead Scouts' are offering us a golden platter.... of
opportunity in the precious metals investment markets, at this particular time.
My 'Shakespeare' may be a little rusty, but ... here goes:

" We at the 'height' ...are ready to decline...
There is a 'tide' in the affairs of men...
Which, taken at the 'flood'...
Leads on to fortune;
Omitted, all the balance of their lives,
Are bound in shallows & in miseries.

"On such a full sea are we now a-float.
We must take the 'current' when it serves,
Or lose our ventures. "

( The U.S. Stock Market, and probably the ( U.S. ) bond market, are increasingly vulnerable, to a
veritable 'crash' . )


Saturday, 9/27/97 -- THIS..BEST - NOT BE IGNORED . : : )
"We... best be about buying/securing/completing - our positions, and commitments -- in selected
precious metals investments ( - including mining stocks, gold funds, coins ) ; and including, for
traders ....call options .... at this particular time.

Saturday, 9/27/97 -- WHEN THE TENT COLLAPSES . : : )
"... And gold & silver too... will move up; at least for a year. "

Sunday, 10/05/97 -- 'FROM PERSONAL E-MAILS' . : : )
"... To sum it up, briefly - a very poweful, even explosive up-move, in the precious metals, is
upon us. Three to six months from now, most of us, will be in total disbelief - at how high, the
gold & silver prices, and selected mining shares, and their related investment markets ...
( - including gold funds ) , will have risen.

This Christmas, 1997, Santa Claus is most likely arriving, with a big bag of gold & silver 'gifts'
.... and his yule-tide deliveries may include at stock market crash, as well. "

My 'intuition' -- THE PRESENT POINT OF POWER . : : )

As the daily evidence, by the fruits of our collective labors, and our collective foolishness
unfolds...suggests:

#1. individual long-term investors, fund-managers, & financial planners; are advised to diversify
into selected gold & silver mining companies' stocks, if not done so, already.
#2. Inter-mediate term investors/traders are advised to focus on highly leveraged, &/or low-
priced issues, such as AU, BMG, SSC, AAGIY, & DRFNY.
#3. Short-term traders are advised to consider strategies including 3 to 6 month call options --
on selected mining stocks, & on gold & silver futures, at specific strike prices.

For additional information, you are invited to contact me.

David Blair Macrory, C.T.A.
goldfevr@pacbell.net
Tierra-$anta Trading
2207 Madison
San Diego, CA 92116

October 6, 1997
Stocks get cold shoulder from insiders

NEW YORK ( AP ) - To the discomfiture of many Wall Street analysts, corporate insiders have lately lost a lot of their enthusiasm for stocks.
Indexes that track buying and selling of shares by this key group of
investors stand at some of their lowest levels of recent years. And although insiders' past performance as market-timers has been spotty at times, their increased caution is widely viewed as a significant new question mark overhanging the market outlook.
"Insider sentiment is bearish," observes Claude Amadeo at the investment
firm of Bridgewater Associates in Wilton, Conn. "While there is not enough history here to make any causality or leading-indication judgments, it is possible that the current fall in insider sentiment is foretelling equity market weakness."

Throughout the first three quarters of 1987, for instance, The Insiders's
indicator stayed neutral, giving no warning at all of the crash that drove the Dow Jones industrial average down 36 per cent in less than two months' time from late August through Oct. 19 of that year.
http://canoe2.canoe.ca/BizTicker/CANOE-wire.Insiders-are-Bearish.html

George Cole: I agree with Selby. Hang in there.

$100 to the charity of your choice says spot Gold don't close below 3-2-5 before the end of this month. Any taker?

The dow closed above 8100 today. The close above 8300
is merely a formality. This is why GCS conceded the fact
this morning. He was once again wrong, although his
wrongness is welcomed by 85% of the losers at Klitco.

October 6, 1997
FOCUS-U.S. fears Japan losing interest in opening markets

WASHINGTON ( Reuter ) - U.S. trade officials Monday expressed concern that Japanese enthusiasm for opening its car markets to U.S. competitors is waning and said they would press for more action in talks later this week. U.S. trade negotiators said they would present new ideas on how to achieve more progress on opening up the car and car parts market under a 1995 accord when they meet Japanese officials in San Francisco for three days of talks. "This administration is increasingly concerned that Japan's progress in opening its markets has waned," a U.S. trade official
told reporters.

Officials said they were also concerned about the lack of progress in the number of dealerships selling U.S. cars. Since the 1995 agreement, only 132 new dealerships had signed on to sell U.S. cars, while U.S. manufacturers were hoping for at least 200 by the end of 1996.
http://canoe2.canoe.ca/ReutersNews/TRADE-USA-JAPAN.html

jabberbox if you're here stop by and see me. be brief. a simple yes or no this time will do. thanks.

I tire of these "bets". Two people owe me on these bets
already, and a third successful bet I had on July 29 didn't shut any
of the motherfuckers at Klitco up for a second. Just send
the $100 to my former apartment.

EK ( How good is the XAU? ) : Please go to the following website which shows a Daily Chart of the GOLD FUNDS INDEX. It is far broader based Index than the XAU, but nonetheless it supports George S. Coles assertion the GOLD BEAR IS DEAD:
http://www.gold-eagle.com/charts/gegfi.html

find jabberbox, but be careful, he's long-winded.

I think ol' hepcat feels beaten. To resort to such LANGUAGE on this family forum!

October 6, 1997

French local politician in five-bullet "suicide"

MARSEILLE, France ( Reuter ) - A French politician apparently shot himself five times to commit suicide, a state prosecutor said Monday.

But he said the bullet fired through the right wrist had not been recovered and left a question mark hanging over the death of Isoardo who was right-handed.
http://canoe2.canoe.ca/WorldTicker/CANOE-wire.France-Suicide.html

Selby: I hope you weren't referring to my 16:02 post in your 16:05 post. I'm giving him no flack. George deserves a great deal of praise for the serious analysis he's accomplished. I've learned a lot from reading his posts. He gives enough information, too so that one can go back and reconstruct his logic using original material, which is a great deal of help for a learner such as myself. And my rumination about putting a percentage of the money I had earmarked for gold investments into SA stocks is a serious one as well. IMHO SA is relatively undervalued. In case you were talking about the cat, and just happened to post after me, sorry, but I didn't want anyone to think I was dissing George.

Hepcat - Didn't you post a prediction that Au was going to 3-1-0 in a handbasket? A 3-3-0 base doesn't look like 3-1-0. Big gong for you. Your contributions demonstrate what most people find to be a poisoned self-centeredness. I'm not saying you can't change. You must find the key to your own prison door. You will need to bow your head in order to exit that cell. Hope you have the courage to accept true freedom.

I hope silver drops to 3.90 per oz. Why? Because I just got into physical metals about a year ago and I really want to buy at least another 1000 oz
before the big "crash"!

06.10.97
I make short-term forecasts for gold spot price. I have no "buy" signal for tomorrow.
History of previous messages:
Date Close Message
Sep 26 326.50
Sep 28 - Sunday, "sell" signal, posted one day too early, sorry
Sep 29 328.20
Sep 30 334.60
Oct 01 333.85
Oct 02 330.85 "no buy signal"
Oct 03 334,70
Oct 06 332,60

223 - I think much of the investment community views RSA stocks in the same way as others view options. As panda says, "they are like hot potatoes, you don't want to hang on to them too long." John Disney, is quite confident that the potential political instability is not really a cause for concern. I think most are aware that the JSA stocks are highly leveraged, and will make great % returns in a bull market. However, they want to get in right before the rise, and get out right after, thus minimizing the risk of a political disaster. A good trick if you can do it. I am heavily into RSA stocks. Whether I am being brave and smart or foolish and irresponsible, time will tell. Come on in!

Novice that I am, it occurred to me that if I was a citizen of Indonesia, Thailand, or Malaysia, with the purchasing power of my local currency melting by the hour, placing what savings I had in precious metals would at least conserve the value of my assets. Correct me if I'm wrong, but isn't this precisely what the historical tendencies are for the cultures in the far and mid East?

China has also played a large role over the years in accumulating "hard" assets versus paper. With more disposabler income now after years of big league economic growth, aren't the Chinese in a position of acquiring huge amounts of gold, too?

With their economy in shambles, the Japanese appear to be buying silver with both hands.

I see a picture coming into focus.... Surely the thin precious metals markets are becoming attractive to the inscrutable folks in the East.

October 6, 1997
EU nations "100 per cent" behind France in Iran oil deal

LUXEMBOURG ( AP ) - The 15 European Union countries presented a united front Monday in opposing any U.S. interference with a $2 billion
Franco-Iranian natural gas deal. Sir Leon Brittan, the group's trade chief, called on the United States to change legislation that would punish foreign companies doing business with Iran, Libya and Cuba.

"The Americans are entitled to disagree with us," Brittan said. "What they are not entitled to do is to impose their will."

U.S. law authorizes President Bill Clinton to impose sanctions on any
company that invests more than $40 million in Iran. He could hamper U.S.
bank loans to the company and ban the sale of its products in the United
States.

"The French firm acted fully in the framework of the law," said Austria's
foreign minister, Wolfgang Schuessel. "We are not meddling in U.S. affairs and we expect no meddling in European affairs."
http://canoe2.canoe.ca/BizTicker/CANOE-wire.EU-US-Iran.html

Turkish market
http://biz.yahoo.com/finance/97/10/06/z0009_48.html
LkAmN

Doug Shott, Thanks for the post. Well said.

October 6, 1997
Bill Gates says U.S. antitrust probe makes competing "tougher"

LAKE BUENA VISTA, Fla. ( AP ) - The U.S. Justice Department's antitrust probe into Microsoft's business practices has made it tougher to buy other companies, chief executive Bill Gates acknowledged Monday. But industry experts say the world's biggest maker of personal computer
software continues to use other aggressive tactics against rivals that
provoke scrutiny.

The ongoing federal scrutiny "makes it a little tougher," Gates said during a keynote talk to about 6,000 corporate technology executives and analysts at an annual conference sponsored by Gartner Group, a consulting and research company. "We have to say, 'Is this something we are going to get through quickly?"'Gates said.

For example, Microsoft gives away its Internet Explorer browser, and has
forced Netscape to make it easy for people to download its Navigator
browser without paying. "It's a heck of a good deal for users," Gates said.
http://canoe2.canoe.ca/BizTicker/CANOE-wire.Microsoft-Gates.html

To: King George, I still think you are the greatest on Kitco. Keep up
the good work. Gee whiz, Even King Henry was wrong about 8 times.

What you do need is a Queen to keep you very happy.

October 6, 1997

NY's D'Amato under heat of state finance officials

WASHINGTON ( Reuter ) - A group of municipal finance officers from New York has asked Sen. Alfonse D'Amato
R-N.Y., to oppose efforts in Congress they say would weaken legal profection from fraud for securities investors.
"We urge you to resist all efforts to interfere with the ability of states to protect their public investors and their citizens," the
104 New York finance officials wrote in an Oct. 3 letter to D'Amato, chairman of the Senate Banking Committee.
The group's letter is related to a bill that will be introduced by two members of his committee Tuesday to ban securities class
actions from migrating to state court.
"In many cases, state private rights of action now remain the only method of obtaining recovery for defrauded investors," the
New York finance officials warned.
The New York officials warned the $120 billion in state pension fund assets would have little legal protection under the new
legislation.

NY Fed reassures us on oil prices http://biz.yahoo.com/finance/97/10/06/z0000_z00_22.html

We are pressing to militarize Eastern Europe. Does anyone think this is a good idea? http://www.csmonitor.com/todays_paper/graphical/today/us/us.1.html

Wow. Looks like a little blood was spilled while I was gone! Hell, I'll bet $50 the Nikkei closes lower tonight.

story on military http://www.csmonitor.com/todays_paper/graphical/today/us/us.1.html

Apparently I have generated rather strong feelings -- both pro and con -- on this forum. To my supporters -- many thanks for your encouragement! For my detractors -- SILENCE IS GOLDEN.

Please ignore

Hi. Just test

Interesting story on crash prospects including Bank Credit Analyst quote: http://www.newsday.com/news/nsec1005.htm

Crash story http://www.newsday.com/news/nsec1005.htm

Dow/Gold Ratio = 24.35, XAU/Spot Ratio = .320 These figures do not seem to indicate any significant change in opinion.

To All: Mr. "testing", having indicated that his true identity is really hepcat, has been politley escorted to the parking lot.

MESSAGES BEYOND Oct 1, 1997 will be available later on using a search engine. Basically our new format can't read our old files. This is good because backward incompatibility indicates true progress.

To Colleen: Something even "testing" can attest to - we don't censor or edit anything. If your message doesn't get displayed, try posting again.

To David: Your comments and opinions are appreciated. But please check your business card at the door.

To testing: Bye.

Today was a really bad day for the "Stuff". And a great day for the financials. I was hoping for some more of a rally but today's pull-back was very bad technically for Silver and Crude. As far as knocking George about the stock market crash, get real. I never put much weight into the stock market crashing so I may thought his call was pushing it, but then again I NEVER expected Silver to go up to where it currently is as I was bearish $0.50 ago. The point is no-one can be correct all the time. All you need to do is make more money when you are correct then when you are wrong!!! George C. is clearly in that group. Don't worry, Gold Bulls will have there day. It simply will not be this year. Perhaps 1998 will be better, but "I" did say that about '97 one full year ago.
For what it is worth I said a couple years ago that EVERY month that the bull market in Gold is delayed, the ultimate high will be $30 higher. I still stand by that statement.

HighRise: Isn't it interesting that our illustrious government sells our strategic oil reserve, but doesn't sell the strategic helium reserve. What will we use all of that helium for?

Well done, Bart. And thanks for acting decisively and fairly.

To all of you who requested a copy of the Dow/Gold Ratio chart. The last one was in the mail at 2:30 PM today. Post or e.mail any questions you may have after receiving it.

October 6, 1997
FOCUS--Oil, gold fall back, coffee and soy rise

NEW YORK ( Reuter ) - Oil prices tumbled Monday and gave back much of Friday's sharp gains as military tensions between Iraq and Iran were perceived as less threatening to the Middle East's vast oil supplies.
The sharp retreat in oil was accompanied by a fallbak in gold and silver prices as worries about conflict in the volatile region eased. In other markets, corn and soybean prices rose and coffee prices hit a two-week high.

Precious metals, traditionally a haven for investors in times of international tensions, also fell back on Monday after sharp gains on Friday. Gold for December delivery at the COMEX in New York fell $2.30 an ounce to $334.60 and December silver closed 9.6 cents lower at $5.207 an ounce.

Gold was underpinned by seasonal physical demand for the metal as gifts for the upcoming Dusherra and Diwali harvest festivals in India, a factor which along with a rally in gold mining share prices helped drive gold prices higher the last two weeks.

But analysts were skeptical of any long-term rise for gold. "This rally could last another few weeks depending on how much followthrough buying there is from funds," Merrill Lynch analyst Bill O'Neill said. "But the higher prices go, the more certain we can be that physical demand in Asia and the Middle East and India will fall away.
"Producers should utilize the high prices as wonderful forward selling opportunties," he added.
http://canoe2.canoe.ca/ReutersNews/COMMODITIES.html

I used to read almost every post on Kitco, but I have learned to skip certain posters due to reading them is a waste of my time - like I step over cow patties so I don't have to clean my shoes later.

I have also found that this group can be humbling to wise observers.
Either I realize that there are highly successful intelligent posters who have good opinions and information to offer, even if I don't agree; or--
I thank God that I have learned during my life not to be an obnoxious jerk like some others.

I have never seen George blow his own horn and his comments help me make money. That is the real test.

Acclaimed Compuserve Gold & Silver King has returned from the North Woods to share his considerable wisdom. Hes found a pure silver play worth watching:
http://www.gold-eagle.com/gold_digest/goldbug903.html

LGB: One last comment. Your needling of Mr. Puetz may be a pyrrhic victory. He will be right, you know. My best guess? Within 6 months.

The EagleWing page on gold funds has been updated, and is even linked from the Gold-Eagle page, a high compliment. It is for those investors interested in gold fund info.

http://www.eaglewing.com

Doug Schott: ( Hope I spelled your name right ) Some of those inscrutable orientals have never lost their interest in gold - in particular, the Chinese. The Chinese civiliation, dating back to at least 3000 BC, has been through several inflationary currency debasement disasters ( and numerous wars ) - hence the ingrained interest in gold whenever they can afford it. You are probably aware that the Indian government is now reluctantly setting up "gold" accounts, because of the importance of gold ( or silver ) to the average Indian. Big Trader's comments -- the accurate ones -- appear to be those of an oriental -- clearly pro-gold. I don't know how the average Indonesian,Philapino ( sp? ) , Malaysian thinks, but as you say they will be changing their minds as soon as they can afford the gold or silver. As I recall the Taiwanese wanted to buy more gold some time ago, but were discouraged by the Americans, I believe. I don't know why the Japanese have so little gold, relative to the "big 7". As Big Trader says, the Western world has lost touch of the hard assets, and is interested only in "paper" money. Eventually the tide will shift back to hard assets

test

October 6, 1997
Nader opens campaign against Microsoft

WASHINGTON ( Reuter ) - Consumer advocate Ralph Nader Monday denounced what he labeled Microsoft Corp.'s "indimidating tactics" and said he is opening a campaign to educate the public about the costs of the software company's "monopolistic techniques."
Nader said in an interview that he will convene a conference Nov. 13 and 14 in Washington to discuss "Microsoft and its Global Strategies."
Nader called Microsoft's efforts at expansion "unprecedented." "We need to have a coherent appraisal of the monopolistic techniques they're using," he said. "John D. Rockefeller wanted to dominate oil, but Microsoft wants it all -- you name it -- cable, media, banking, car dealerships."

Nader said speakers at his conference would include himself, Sun Microsystems CEO Scott McNealy, former Federal Trade Commissioner Christine Varney, Silicon Valley antitrust lawyer Gary Reback and Roberta Katz, who is the general counsel for Netscape Communications Inc. Nader said he had also invited Microsoft CEO William Gates and Vice President Al Gore.

However, Nader said that some people were afraid to attend the conference "There's too much fear and intimidation," he said. "A lot of people in the business community are afraid to speak out."

TO make things clear. I am only EB or ...But Sandy Alomar is a distant ousin ;-0 ( grin-thing-with-mouth-open )

Now stuff...

My boy Jke is doing his thang...
http://www.trade-futures.com/reports.html this is some good reading

This is a repost but a good one. Helps to remind me of changes...I am feeble-minded sometimes http://www.netmind.com/URL-minder/

Allen ( USA ) - Well done...

Glenn - Thanks for your ( what I will refer to as ) 'pitsight'. A couple of weeks ago I was reading some backlogs and I ran across your bazillion-post-day. I bet bart was thrilled there. Was it 40-something?? WW!

Bart - What a Dde! Enu with the #%!?!#%&#!!@$@!?!! profanity...

David$anta - c'mon bro...once was good...

Ted - you had better have picture-in-picture tonight. Is Barry commin' over bein' as he doesn't have anything to do...DH!

away


Go Indians Go Orioles

October 6, 1997
Boston Fed President Minehan weds ex-Fed Corrigan

NEW YORK ( Reuter ) - Federal Reserve Bank of Boston President Cathy Minehan on Sunday wed former New York Fed President Gerald E. Corrigan, currently an investment banker, in a private ceremony in Boston,according to sources close to the Fed. Minehan, 50, and Corrigan, 56, were known on Wall Street and within the Fed to have been romantically involved for a
number of years. Their offices declined to comment on the event.

Minehan, 50, joined the New York Fed in 1968 after receiving a Bachelor of Arts Degree in political sciences from the University of Rochester. She later earned a Master's Degree in Business Administration from New York University. She became Assistant Vice President for data processing at the New York Fed in 1979 after spending a year in Washington as assistant secretary to the Board of Governors.

She became New York Fed Senior Vice President for Funds, Securities and Accounts Groups in 1987. In 1991 Minehan was transferred to the Boston Fed, where she held the position of first vice president. In 1994, she was elected Boston Fed president -- one of the few women within the Fed System to reach such a high position. As president of a Fed district bank, Minehan also is a member of the policy-setting Federal Open Market Committee, on which she votes on a rotating basis. Corrigan, like Minehan, joined the New York Fed in 1968. After a stint at the Fed Board in Washington, Corrigan, an economist, became president of the Minneapolis Fed in 1980, a position he held until 1985.

In a highly unusual move within the Fed System, Corrigan moved to the New York Fed, serving as president from 1985 to July 1993.
After leaving the Fed, Corrigan joined Goldman, Sachs & Co., where he currently serves as managing director. He is widely regarded on Wall Street as one of its most influential investment bankers. At the Fed, Corrigan was known to have shared then-Chairman Paul Volcker's strong anti-inflation views. An expert on commercial banking and Wall Street, Corrigan is also said to have advised Fed Chairman Alan Greenspan on the stock market during the 1987 crash and in dealing with trading irregularities at Salomon Brothers in the early 1990s.

Actually 223-- I was suggesting to George that it didn't matter much whether he was right or wrong --flak happens as long as you mention a time or a price or are correct in your prediction--or wrong. I guess it shows the variety of interests that tune in here.

Go Yankees!!

TED Lookin forward to the great white North next Spring. Great game for the tribe last nite. I predict a great game tonite. Metals still frustrating/What happen to dbc quotes all I get is Basei below the metals and no updated quotes. I hope "basei" means basing?

The Yankees are a big money Wall St exploitive George Steinbrenner kinda team. GO TRIBE!!! See even baseball can be politicized. Any comments on the NOW people and Geraldine Ferraro fretting that the "Promise Keepers" are a threat?
Ted? Speed?

He talks about emotional trading ( psychologies and stuff ) . He is a very succesful trader and should be paid a small amount o attention.
once again: http://www.trade-futures.com/reports.html

away...to polish the copper


Sheller-Giant-Guy - You is the MN! Let's see where this run takes us. Your 'buy-now' warning was ( again ) spot-on ( although it did give some back ) ...don't you tire from carrying ALL of us on your shoulders?...a mere $300.00/contract swing today...enough to warm My pennies...

I'm gonna take a bite outta that Ted guy!!

REUTERS ASIA
Millennium Bug Threatens Financial Chaos
By Nick Edwards
SINGAPORE - The millennium bug computer crisis threatens a global liquidity lock-up that could send the world's financial markets crashing.
http://cgi.pathfinder.com/@@6Tn0JwUAvBxzXWzt/netly/latest/RB/1997Oct06/259.html

Tom Uris re: your 10:15.
Try this site for a look at some great retirement sites!

http://www.mena-ark.com/class/homes/gigax1/index.htm

Anyone interested in safety and homogeneity ( low crime rate, etc. ) should check it out.

WW ( 19:12 ) If you're lucky I'll still be here next spring......and last night wasn't a great game IMHO...and I think George Steinbrenner and the Yankees truly represent the "little guy"...Re: Geraldine and the "Promise Keepers"---they both disgust me!!...ditto NOW....

You better watch it!

Stick it bud! ....and remember what I said about the Canadian Dollar...

George and I just married. What do you think of that! And He is buying NOW so he can become a member! Hah!

Corrigan works with Secretary of the Treasury Robert Ruben Vice Chairman of Goldman Sachs. Goldman Sachs appears to be running this World. There is an Under Secretary of the Treasury from Goldman Sachs. Rubens expertise is in currency trading. The Mexican Peso collapsed either the day before or the day after he was named Secretary. The Largest investment banker in Mexico was Goldman Sachs.

Holy sh!t...they're commin outta the wood-work at me...from all angles..right-left...yeah,I need some silly-assed organization ta justify my existance....DUH....

So ya married a REAL man....CONGRATS!...but let's can the NOW-crap before I get nasty...

Internationally acclaimed Technical Analyst has performed another insightful study destined to be called THE Homestake Mining Prophecy. His analysis exudes incisive thinking, and is expressed with great clarity:
http://www.gold-eagle.com/gold_digest/fisher1001.html

On September 13, 1997 "Science News" reported that The Department of Defense's Defense Logistics Agency recently lost track of 90,000 items in inventory because of y2k glitch. The DLA has control among other things 1,400 weapons systems and $1 trillion of contracts.

On September 21, 1997, President of the New York Fed siad:"Getting the Year 2000 issue is critical for every organization. Failure to get it right will affect the integrity of the payments system and the performance of the domestic, and maybe even the global economy"

On September 22, 1997, DOW Jones Report said that Warren Buffett has moved $2 billion into U.S. government zero-coupon bonds. He had always been fully invested in the stock market.

On September 23, 1997 the London Times reported: "George Soros yesterday issued a stark warning that the current global economic boom will soon end in bust and that further deregulation of international financial markets will prove no cure for economic stability..... "International capital flows are notorious for their boom-bust pattern and I cannot believe the present boom will not be followed by nust until history has proven me wrong"

NOW it's time ta take care of business.....BBL ( am off for 3+ hours of gold chart reading........ ) Where's Testing??

I am a Liberal and I admire the goals of the Promise Keepers. How can you as a conservative deride these guys?

Promise Keepers - Wish I could have been there Saturday with all of those men. That was awesome. I have heard many interviews with people who were there, and they were all humbled yet uplifted from the experience. One guy heard a trucker on the bus CB say to other truckers " you aren't going to believe this but there is a solid line of buses from the breezewood exit to DC" Another, who had been at the Million Man March, had walked form one end of the mall to the other and said that "there were many, many many more there" Saturday. That would put the count at about 1.5 mill give or take a few.

http://www.talks.com/moneytree.html

http://www.sfgate.com:80/cgi-bin/chronicle/article.cgi?file=BU45383.DTL&directory=/chronicle/archive/1997/10/06

http://biz.yahoo.com/upi/97/10/06/international_news/srilankaf_1.html

On July 3, 1997 the State of Nevada passed a law that exempts the state and its employees from civil action 'on the basis that a computer or other IS that is owned or operated by any of those persons produced, calculated or generated an incorrect date, regardless of the cause of the error" ( Senate Bill 180, Chapter 266 )

what's next? 1850-1969

1854 bessemer refines steel
1859 darwins "origin of species"
1859 first oil well drilled
1865 civil war ends slavery
1867 nobel invents dynamite
1869 suez opens
1876 bell invents telephone
1895 rontgen discovers x-rays
1901 marconi sends transatlantic wireless message
1903 wright brothers fly
1905 einstein e=mc2
1907 bakeland synthesizes plastic
1908 ford builds model-t
1914 wwI begins
1917 russian revolution begins
1928 fleming discovers penicillin
1934 hitler takes power
1934 mao leads chinese revolution
1945 us drops atomics on japan
1947 transistors
1953 dna mapped
1969 armstrong steps on moon

"the farther backward you look, the farther forward you can see"
winston churchill

what does the past tell of the future?

"i seem to have been only like a boy, playing on the
sea-shore, and diverting myself, in now and then finding
a smoother peeble or prettier shell than ordinary, whilst
the great ocean of truth lay all undiscovered before me."
isaac newton

awaken and smell the smoke-signals-----------

cherokee!; ) climbing-high-amongst-the-stars

http://biz.yahoo.com/prnews/97/10/06/y0004_12.html

Fidelity Select American Gold & Precious Metals Chart.
Ten market days ( seven hours / prices per day )
http://www.geocities.com/WallStreet/5969/agpm70.htm

October 6, 1997
Chile 'not optimistic' on salmon dispute with U.S.

SANTIAGO, Chile ( AP-CP ) - Despite efforts to resolve a trade dispute with the United States over salmon exports, Chile's government believes U.S. sanctions are likely, a cabinet minister said Monday.

Chile has hired the Washington law firm that employs former U.S. presidential candidate Bob Dole to handle the case. Dole toured the Chilean salmon producing region near the southern city of Puerto Montt over the weekend to gather information for the defence of Chilean producers. Dole returned to Santiago on Monday and met with Foreign Minister Jose Miguel Insulza. He was to meet President Eduardo Frei today. Dole refused to discuss the case Monday.
http://canoe2.canoe.ca/WorldTicker/CANOE-wire.Chile-US-Salmon-Dispute.html

Cherokee: 1876 Bell invents telephone by a 5 to 4 decision of the U.S. Supreme Court. Goodyear developed Vulcanite ahead of Bakeland; and celluloid, a form of plastic, was even earlier. ( must be a slow night )

Thanks for all the great posts and ideas here. Spend most of the time lurking and gleaning ideas. Bought RYO after catching posts here and sold at a profit last week! Have now loaded up on TVX Dec. puts ( real cheap ) to take advantage of GSC's consolidation phase. If it goes below 5 again will purchace in order to write calls.

Anyone familiar with XCL? So far have tallied 30% gains on this little gem. Over 3 mill. traded today with up move on price.

http://www.yahoo.com/headlines/971006/odd/stories/gangster_1.html

http://biz.yahoo.com/prnews/97/10/06/tap_trv_y_1.html

Russia, Banks Sign Soviet Debt Restructuring Deal

MOSCOW -- "Today is a great day, concluding six years' work and concluding the efforts of dozens of highly qualified specialists," Russian First Deputy Prime Minister Anatoly Chubais ( pictured right ) as Russian officials and representatives of the London Club of commercial banks signed a long-awaited agreement on Monday to restructure debts run up to foreign bankers by the former Soviet Union.

The deal involves more than 400 foreign banks holding nearly 30,000 separate Soviet loan agreements -- many the result of banks selling loans to other lenders.

The former Soviet Union accounts for $102.3 billion, including interest arrears, of Russia's $127.4 billion total foreign debt as of this year.

The London Club deal is for approximately $33 billion but varies according to changes in currency exchange rates.

In November last year, Russia made its debut on the Eurobond market with a $1.0 billion issue -- the first time the Russian state issued an international bond since the 1917 Bolshevik revolution
http://www.russiatoday.com/rtoday/business/news/01.html

http://biz.yahoo.com/upi/97/10/06/international_news/canadamex_1.html

ATTN: High Rise, youare absolutely correct. And further more you
learn in the future that clinton has made a ton of money thru this
connection. Read my lips!

donald---

history has passed-by many giants.
some were duly noted,
others pushed into obscurity by the media makers
and note takers. the catholic church fought
tooth-claw-and-nail with the giants who dared
to suggest heretical views. a lot of those heretics
are revered today for "seeing" beyond the mental
barriers erected to keep them in the dark, literally.

you have infused this channel with prodigous and invaluable
information. i commend your efforts. knowledge is power,
and you are em-powering many with your efforts! the search
engines on my computer thank you.

a seat is being readied---------

cherokee!; ) in-gollums-cave-looking-for-my-preciousssssss------

this vehicle ( history ) was used to "change the direction" ( path )
of the foaming at the mouth attack dogs. gladly would i use
don carlos' methodology......ted..war paint en-route-----

i would gladly have cranium in hand

The XAU Index did not quite close the opening gap of last Tuesday morning. Came close but no cigar. My best quess is that it will do so tomorrow and hopefully when that is accomplished, we can resume the upward trend. ... The Comex December Futures contract has a larger gap to overcome. Needs to go down about $3.00 and change to close that gap. Maybe it will be one of those "quick" spikes down and then up..... Re: El Nino: Forcast for the weather in the San Francisco Bay area is for rain Wednesday night and Thursday with SNOW in the Sierra Mountains in the north. Its unusual to have rain this early. The recent pause in the gold shares allows some of the technical indicators to come off of their extreme positions and thus position gold and gold shares to resume the upward move. .... Hope with BART's action, the dust has settled. : )

Asia stats: Japan, Taiwan, Pakistan, Australia, South Korea all down about 1%, Cherokee up mucho %

JTF.. regarding Chinese demand for gold. Back in 1993, the gold action was assisted by Chinese buying because their inflation was 20-30% as the yuan was not considered too highly. Today, they have minimum inflation, about 5-8% and therefore don't have much individual demand ( relatively speaking ) because of the strength of the yuan. I don't think Chinese demand will be much of a factor unless they have a financial problem, such as a national bank failure ( not impossible ) .

The devaluations by Thailand, etc, may cause the Chinese to consider a currency adjustment ( devaluation ) for trade purposes, and then gold will be a definite factor to the average citizen.

George S. Cole- I APPRECIATE ALL YOUR THOUGHTS AND YOUR POSTINGS!!!
IT TAKES A REAL BRAVE PERSON TO POST THEIR CONVICTIONS AND THEN ALLOW
ALL LURKERS TO TAKE A SHOT. THANKS!!!!

Thanks Bart for this site and your getting rid of the trash!

Tally Ho

The inimitable Mike Sheller has located another Rhino ready for the stalking. This time its the Copper Rhino currently grazing at support, but close to explosively emerging from inactivity:
http://www.gold-eagle.com/analysis.html

Byron: Agree with you on the need to close those gaps in bullion and the XAU:

All: To set the record straight: Unlike Puetz I did not predict an October crash. I did forecast an August peak in the Dow and did argue that an October crash was a real POSSIBILITY.

BTW, with each leg of this bull running about half as long as the previous leg, the next downward lurch should commence around the end of this month. It could be anything from another modest correction to a full fledged crash. My best guess -- a mini crash ( Dow down 1,000 points in a week ) followed by a protracted bear.

When the GREEN and GOLD crush the BEARS next Sunday we will have the buy signal of all buy signals! Just before the re-enactment of 1987! As the PACK goes so goes gold! The best leading indicator you could have! ( Sorry
Mike Sheller! )

On a more technical note--please read carefully BB Fisher's commentary on HM in Gold-Eagle! Those two charts tell me everything I need to know! Gold is definitely going higher and SOON! It's good to hear that Fisher agrees with my prediction last night of $444.44 by Super Bowl Sunday! Favrelous!

Geeee I hope Bart's Gold and Silver prices are correct, compared to ebn's
and dbc's.

Umm ?? Maybe I spoke to soon.

I was just about to call it a day when I noticed Spot gold and silver exploding in Hong Kong. Must be a mistake. Good night.

Machf15

Could someone define "exploding" gold and silver. .... and where did our "Web Resources Links" site disappear to. ( or is it "too"?? )

Byron -- to.

Byron; at last i can give *you* a link, tho' it was v easy. Thanks for all your links. A bit quiet in the library or are the silence signs up?
http://www.kitco.com/gold.hotlink.html

It seems that we have been at this juncture before, several times in fact. Just when gold seems about to end its long downward slide, some Central Bank announces dumping a bunch. The shorts get the message an pile on. Why is this time going to be any different? I don't see that things have changed that much. The general stock market is still steaming upwards. The Europeans have until December to get their financial houses in order for the coming of the Euro thereby leaving open the possibility of more Central Bank dishoarding of gold. The dollar is not in a freefall nor are interest rates rising. On the plus side, it would seem that volume is picking up and we have had a nice upmove led by silver. The bottom line, is that we aren't out of the woods yet. I'm starting to move back in on the long end but only slowly and in increments.

If you're looking for a cheap way to play one of the largest PROVEN gold mines in the world check out VENGOLD ( VENGF, VEN.T, VEN ) @ $1.50/share US.
The management of this company is outstanding! Vengf now owns 9.4% of LIHIR in Papua, New Guinea. This mine is situated on an island about 300 miles north of Papua, New Guniea. An island of GOLD! To the tune of 42 million ounces PROVEN and with the prospect of millions more on the island! Since the ADR of Lihir is trading in the US at $34/share for 20 ADR shares, VENGF is trading at a DISCOUNT to LIHIR of 20 cents/share. This doesn't even take into account VENGOLD's mining properties next to PROVEN gold mines in Indonesia and Venezuela! The mine is now in FULL production and will produce 220,000 ozs of the precious yellow THIS YEAR and 550,000 ozs.in 1998 at a cost of @$225/oz. Plans call for 1,000,000 ozs/year after year 2000 or earlier if prices rise more quickly than anticipated! This stock is a real gem! And when gold takes off will make this stock an excellent BUY-OUT candidate! Yeh! I own a ton of this one at a buck! But its future is as certain as the morning dawn! Unless of course chaos and flux sink it to the bottom of the sea! In that event we'll all be goners! Check it out for yourself at www.vengold.com! Any of you Aussie goldbugs familiar with VEN of LHR? Let me hear from you guys down under!

Doesn't look like Asia is celebrating the nice run the DOW had today.

Mon Oct 6 11:06PM Eastern U.S. Time

Australia
All Ordinaries ^AORD 11:06PM 2751.9 -17.8 -0.64%

China
Shanghai Composite ^SSEC 11:06PM 1091.52 -7.383 -0.67%

Hong Kong
Hang Seng ^HIS 11:05PM 14669.27 -107.51 -0.73%


India
BSE 30 ^BSESN 6:23AM 3857.34 +9.61 +0.25%

Indonesia
Jakarta Composite ^JKSE 11:06PM 519.450 6.557 +1.28%

Japan
Nikkei 225 ^N225 10:02PM 17646.15 -178.63 -1.00%

Malaysia
KLSE Composite ^KLSE 11:06PM 794.06 -0.09 -0.01%

New Zealand
NZSE 40 ^NZ40C11:03PM 2591.07 -11.03 -0.42%

Pakistan
Karachi 100 ^KSE 8:03AM 1832.71 0.00 0.00%

Singapore
Straits Times ^SS1 11:06PM 1873.03 -7.55 -0.40%

South Korea
Seoul Composite ^KS11 10:31PM 637.55 -6.66 -1.03%

Sri Lanka
All Share ^CSE 5:39AM 777.00 -0.70 -0.09%

Taiwan
Taiwan Weighted ^TWII 11:05PM 8260.17 -132.42 -1.58%

Thailand
SET ^SETI 11:06PM 545.85 +3.80 +0.70%


What will they do with their treasuaries??????

Forgot to add that Robertson-Stephens Contrarian Fund ( RSCOX ) is heavy into VENGF too. In fact, I'm the one who got him to look into it! This one's for real! NO BS! and NO BXMNF!

Ted and team play golf tomorrow...

YOU know what YOU can do buddy......