panda
CRB vs. XAU
New high in the CRB/XAU ratio.
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Your reference to Astrology and Particle physics -- that was not my intent exactly to point out, but it is possible that some aspect of the mystery of the "zero point energy", the "casimir effect" and Bell's Theorem may come from unraveling the mystery of Astrology. I am not talking about Astrology in the form that it exists now, but in a quantitative, analytical from. I am talking about phenomena that do not obey the inverse square law most physical interactions in the universe follow. If you doubt this, you should see what the Japanese have apparently done with "over unity motors" -- Takahashi, and Wankel have invented prototypes of these motors that most of our modern Physicists would consider nonsense. But -- then why has Edward Teller written an article on an interstellar drive based ( as I recall ) on the Casimir effect -- why does Mikio Okaku talk about time travel -- and why did Hannes Alfven talk about zero-point energy? On the latter I have been frustrated in being unable to get only fragments of H. Alfven's prose on zero-point energy -- because I think it was unpopular.
Hope you enjoy this post! Here's the the unknown future that is undoubtedly stranger than we can imagine!
I don't know why I'm so wound up today -- perhaps it's because I just reread Robert Heinlein's "Requiem". He was a posivitist if there ever was one. But-- he also believed that the cycles of war and hardship were part of us as well. Somewhere in this book he said that freedom is impossible unless there are men that can fight like a "Kzin Warrior" of Ringworld fame. One could either die fighting for it, or just die.
He also believed that the human race could survive almost any hardship. I like the epitaph of D.D. Harriman, the fictional businessman that financed the first Moon Rocket, and stowawayed on the first trip:
"Under the wide and starry sky
Dig the grave and let me lie.
Glad did I live and gladly die
And I laid me down with a will!
"This be the verse you grave for me-
Here he lies where he longed to be,
Home is the sailor, home from the sea,
And the hunter home from the hill."
Apparently Heinlein was inspired by a marker on a grave in Samoa with the above words. I believe like him that we will have difficulties, but that we will surmount them, reach the stars, and meet non human intelligence ( other than whales and porpoises ) . It is important to always have faith in the human condition.
Some companies have lowered their cost-per-ounce considerably.
I think the secret of cold fusion lies in the "zero point energy" mystery -- which will remain a mystery for some time to come, despite the awakening effect of the internet.
Good night -- hope the US market is in one piece in the AM -- the Tokyo news blackout is real suspicious, isn't it?
Again, thank you for your time and advice...I'll be hanging around eavesdropping on y'all...
Using the science of heliocentric astrology, I believe that there will be
an upturn of the US dollar in mid-December, 1997.
I have a question for this group. If, after reading my prediction,
you were to apply it to the gold market, how would you bet? That is,
IF the US$ begins an upswing as predicted, HOW would you bet on gold
or silver to profit from that upswing?
I have attached a text version of the prediction to this message. You can read the original prediction, along with my previous forecasts and their results, at:
http://www.starcenter.com/finance.htm
------------------------------------
US$ UP, DEUTSCHE MARK DOWN:
Written November 10-14, 1997 by Robert Tkoch
According to various converging heliocentric factors, it seems that the
value of the US dollar will increase in mid-December, 1997.
The Full Moon, which takes place on December 13, 1997, at 6:37 PM
PST, indicates quite a bit of expansive positivity and excitement
surrounding that currency.
Although there is some chance that it could go either way, up or down,
there seems to be a 90% chance of it going up. To be safe, you might
wait and see, then coming in on the trend. But I myself will bet on the
upturn before it begins.
So in all likelihood, it should be profitable to go long the US$ index, or to short the Deutsche Mark.
However, another factor throws some uncertainty into the timing. The
New Moon of November 30, 1997, at 6:14 PM PST, is also mildly
favorable to the dollar, though not nearly so much as the Full Moon
will be. This somewhat positive New Moon will try to counteract the
previous general downtrend, and it is debatable whether it will send the
dollar up or not. So in the period between November 30 and December
13, the dollar may rise somewhat.
I recommend taking a small long position on the US$ Index around Nov.
30, if other factors deem it advisable, and monitoring it closely. Then,
around Dec. 13, I recommend taking a MAJOR long position on the
dollar, especially if the period between Nov. 30 and Dec. 13 has been
mild.
I foresee an uptrend lasting at least two weeks after Dec. 13, and possibly much longer. I have not yet looked ahead in time, so I have no exact prediction on the length of the uptrend now. But I recommend liquidating the long US$ positions when the uptrend begins to level off.
Recommended Investments:
Around Nov. 30, 1997: commit 20% of your investment to:
Long the US Dollar
Short the Deutsche Mark
( Or purchase out-of-the-money January calls
on the US$ Index or January puts on the Deutsche Mark. )
Around Dec. 13 --- if the US$ has already increased enormously
( improbable ) , do not invest more. Monitor your investment until it seems
to be levelling off, and then sell.
Around Dec. 13 --- if the US$ has only increased mildly, gone down a
little, or remained the same ( the mild increase is most probable ) , then
commit 80% of your investment to the same as above.
Sell when the trend seems to be levelling off.
( For options purchasers: you may buy February or March options, if you
prefer the long-term. )
For my own investment, I will watch the trends carefully. Probably, I will ignore the Nov. 30 opportunity, concentrating on the Dec. 13 bet.
At the time of this writing ( Nov. 10, 1997 ) , I plan to purchase out-of-the-money puts on the Deutsche Mark around Dec. 13, 1997. I may buy both January and February options.
This change, centering on December 13, 1997, should end the trend
begun in early August, 1997. At that time, I predicted that change exactly. You may read that prediction, along with its results clearly illustrated on a graph, at: http://www.starcenter.com/finance.htm#$down970804
If, on the other hand, I am wrong, and the dollar falls after Dec. 13, and continues to fall for a few days --- liquidate the investment, and take your losses. However, sometimes, just when the commodity is about to rise, it will suddenly fall sharply, then triggering the "buy" signals which initiate the rise. So it is possible that within one day of Dec. 13, there could be a drop in the US$. This would represent the best buying opportunity.
This bet should be most effective IF the US$ remains fairly level, or
decreases somewhat, in latter November. I will monitor its changes, and
will post any modifications to this prediction here on my site.
Sincerely,
Robert Tkoch, November 14, 1997
That's a VERY good start to my Financial 'Encylopaedia" !! {:^}}
Thank you!- and I should be thoroughly ashamed of myself for not knowing it was SOUTH AFRICA!!
Regards
http://biz.yahoo.com/finance/971119/emerging_markets_for_1.html
money like a depression was underway," opined the Overpriced
Stock Service newsletter in its November issue.
This is my first post ever to Kitco.....I've been watching the discussion since the late Oct. crash....Have I ever learned a lot!
I would like to ask anyone who may be interested, to respond to the following questions:
1 ) Where do you see gold prices on the spot by Jan. 1, 1998 and why.
2 ) Where do you see gold prices by June/98 and then Jan. 1/99 ..why?
I really enjoy this site ( even the crazies! )
Thanks!
ARMAGEDDON SCENARIO, ATTEMPTING A NEW `CUBA
MISSILES CRISIS'
``EIR Talks,'' transcript of November 18, 1997
[EIR Talks airs each Saturday on satellite at 5 PM Eastern, on G7 transponder 14
91 degrees West, and each Sunday EIR talks is on shortwave WWCR at 5PM
Eastern, 2200 UTC at frequency 5.0707 Mhz. For further details, call
703-777-9451.]
EIR: Welcome to EIR Talks, my name is Tony Papert, I'm standing
in for your regular host, Mel Klenetsky, and Lyndon LaRouche has
joined us one the phone from Germany. Lyn, you have said that the
world is days or weeks already into a countdown toward nuclear
Armageddon in the Middle East. Could you please explain?
LYNDON LAROUCHE: Well, that's from Britain, there is an
orchestration using Israeli puppets to have the Israelis, under either
Netanyahu or people like Ariel Sharon, launch military attacks on a
number of targets in the region, but with the proviso that the Israeli
Government be prepared to use nuclear arsenals to deal with
anybody who resists these Israeli non-nuclear attacks. The obvious
targets are number one, Lebanon, number two, Iraq and Iran ( two
and three ) and number four, Sudan.
The British are orchestrating this in several ways, including the
British operations to have new sanctions put on Iraq, which is a
British Operation. Saddam Hussein is bungling the whole situation --
he doesn't understand what reality is -- but nonetheless the British
are playing him and misguiding him.
Iran is a major target, Sudan is a target. The British have made the
targetting, Israelis have backed it up. Already in the recent period, in
the international press and other circuits, including the coming issue
of Jane's Military, is featuring the threat of nuclear attacks upon
Iraq, Iran, in particular. The discussion of the nuclear arsenal of
Israel, strategic arsenal, being used, is out in the open.
What we have on our hands at present, is the equivalent, in the
Middle East terms, of what happened in 1962 with the Cuban
Missile Crisis. If you compare the present events with that, you say,
wait a minute, they're the same thing.
There were no nuclear missiles actually used in the Missile Crisis,
but the threat of their use, was deadly, and resulted in a fundamental
change in world politics. And, that's what's at stake here. Whether
the Israelis actually use the nuclear weapons or not, is a secondary
question, of course that would open up new dimensions, but the
mere threat of using these weapons, and conducting military
operations under the cover of use, threatened use of these weapons,
is the scenario.
London: Proven and Admitted Harboring Terrorist Operations
Now, my estimate is that, the way you pull this off, if you are a Brit,
you would use terrorists, and remember that out of the thirty
terrorist groups, international terrorist groups, listed by the U.S. State
Department, 26 of them are operated out of London. That is, they
are officially harbored with headquarters in London, or operations in
London, harbored by the British Monarchy openly.
So that most international terrorism that occurs in the world today is
run out of London, with the consent of the British Monarchy. That's
a fact. The British themselves have admitted, that they harbor these
groups. They have stated why they harbor these groups.
So, all you have to do to imagine a sufficiently hard impact of
terrorist groups, coordinated from London, in which the Israelis are
attacked, or Israeli targets, such as embassies, are attacked, in which
a total of about a couple of hundred Israelis are killed. Under those
conditions, Israel will go ape, and Netanyahu, or his successor, such
as Sharon, or some people like that, will immediately get control of
the nuclear arsenal because nobody will resist, their getting control of
the nuclear arsenal, control of it for warfare purposes.
At that point, there will be attacks, including on Iran, Iraq and
possibly also Sudan; Sudan has also been targetted from Israel, for
this attack. All run by Britain. This will put the world in a grip of
terror, and the paradigm will be changed, globally, as it was in 1962.
And the British will have had their way. This is the leading threat
right now, strategic threat.
The White House is in a sense, aware of this, and is trying to handle
it obviously by crisis management methods.-- which will not work.
Unless the Israelis have a coup, in effect, and get these guys out of
there now, to stop this scenario, it will happen. And, unless we
openly stop putting sanctions on Iraq, Sudan and other places. Let's
put the sanctions where they belong.
If twenty-six of the thirty Listed Terrorist Groups are officially
headquartered in London, or harbored there, with the official
admitted approval of the British Monarchy, -- and we have proof of
that -- then WHY are we putting sanctions on other countries for
harboring international terrorism, when 26 out of 30 international
terrorist organizations listed as a menace by the State Department
are all harbored in London?
That's the nature of the issue.
Until we are willing to take on these Israelis, and the Netanyahus and
Sharons, and so forth, and their friends, and take on the British on
this thing, we stand in threat of this terror.
[commercial break]
How Much Can You Get out of Pump-Priming If the Well is
Dry?
EIR: The entire world now is focussed now on Japan's struggle with
the help of the United States, against financial collapse. As you well
know, a large Japanese bank has failed for the first time since the
Second World War, the government of Japan has announced a $63
billion fund to deal with these collapses. I know that you are
uniquely qualified to tell our listeners what is really going on in and
around Japan and what it means.
LYNDON LAROUCHE: As most people know, that with
knowledge of this crisis was coming up on Monday, of this week,
U.S. Treasury Secretary Rubin communicated an outline of U.S.
potential posture of this matter to Japan, in letters, much of which
was leaked to the public. At at certain point, the Ministry of Finance
official responsible, essentially rejected the formal proposal that had
been made by Rubin, which put the whole thing back to ``Go,'' and
so you had Lawrence Summers, who is number two at the Treasury,
filling in, with a policy which is very much like--I don't know if its
totally Alan Greenspan's policy, but its very much like it--and so,
instead of the kind of measures, which had been proposed by Rubin,
they went to a bailout.
Now, the question is, how much can you get out of pump priming if
the well is dry? In other words, this particular gimmick, which has
been pushed, as of Monday into Tuesday, this gimmick may not
hold up during the coming days. How long this will last before a
bigger crisis hits Japan, is a question mark.
There's a big political factor here, in the sense that what has been
proposed is the conversion of some Japan savings, as backup to
bailout banks.
Now the history of this is that this saving operation was created by
the government in order to provide Japan's normal people, small-,
medium-sized people, shall we say, in terms of income, with a place
of refuge, in which they could put their savings without risk from the
private sector. Now the attempt of the government, through the
Ministry of Finance, to push this thing back into bailing out banks
which are bankrupt, that is people's savings, may cause a political
crisis in Japan. There is no reason to believe politically that this thing
will stick.
It's a big mistake by the Ministry of Finance top officials, it's a big
mistake by the United States to go along with it. We should have
been much more firm on this thing. There is no way you can deal
with the present crisis through bailouts. There's no--
Put Your Money Where Alan Greenspan Has His
Look! For example, people should ask themselves, where should I
put my money? And the answer you should give them is, You
should probably put your money where the Chairman of the Federal
Reserve System puts his money. In money, not in investments. A
significant part of the $5 million that Greenspan lists as his assets is
in cash. Now, why would a man like Greeenspan put 40% of his
holdings in cash? Because he knows that all investments are at risk,
contrary to what he tells you to do. And so we've come to the point
where there is no part of the financial system which can be saved by
bailing it out. If its bankrupt, put it through bankruptcy, bankruptcy
reorganizations, to any bankrupt institution.
But this would mean that the governments of the world would have
to go back to the kind of protectionist measures which were used
during the 1950s before 1959, for example. And, that's what has to
be done.
Until governments get the nerve to do that, there is no bottom to the
present financial crisis. Japan had a euphoric boom in world markets
for a couple of days, how that would last is uncertain, but expect bad
weather on financial markets, to hit again very soon. This is not
over. This is just at the opening phase.
And it's going to become much, much worse, in Europe, as well as
in the United States, as well as in Asia.
EIR: In Korea, the South Korean government just abandoned the
effort to support its currency, the won, I would think this would
have major effects on the crisis in Japan, among other things.
LYNDON LAROUCHE: Absolutely. This is one of the pressures
which is going to hit hard on Japan, because the Korean economy,
the South Korea economy, is very close to the Japan economy. And
this shock from Korea hitting the Japan markets, with this highly
questionable bailout.... A friend of mine has had the right comment
recently on it, saying that this pump priming will stop, when the
Japanese lose the yen, to continue priming the pump. And we're
getting to that point fairly fast.
EIR: We're nearing our break, but I know that you have written a
major piece for the issue of EIR magazine dated November 18,
entitled ``What economics must measure,'' and I wonder if you
could give our readers an advance preview of that major
contribution.
LYNDON LAROUCHE: As I think people know by now, that on
the fifth of November, I keynoted the morning session of a
symposium on the current crisis, in which I noted that the present
financial, the present world depression, -- let's call it that... Oh, we'll
have to get back to this...
[commercial break]
LaRouche was just beginning to talk about the disaster going in
Brazil, to the South of our border here.
LYNDON LAROUCHE: Well, people who've been following
Executive Intelligence Review magazine during the past couple of
months, are aware of the fact, that the financial crises in Mexico,
and in South America, like those which are occurring in the Far East
-- in Southeast Asia and in Japan -- are actually organized out of the
British Commonwealth, centered in London.
Brazil: Another Bottomless Blowup of Our Systemic Crisis
That is, if you look at the financial institutions and agencies, such as
George Soros, which are running these operations, which are
resulting in triggering this depression, you will find that 80 to 90
percent of all of the forces involved, are British. So, this is a British
operation.
Brazil is exemplary of that. There is virtually nothing in Brazil of any
significance, behind the Brazilian crisis, which is not British -- and
that includes George Soros.
The Brazil crisis, on the surface, has no bottom. Brazil is a large
nation; it's the largest nation outside the United States, in the
Western Hemisphere, as an economy. It is absolutely -- except,
unless you have a military coup d'etat, which establishes some
degree of sovereignty over the country -- there is no bottom to the
Brazil crisis.
Now, the Brazil crisis will hit while the impact of the crises in
Southeast Asia, Taiwan, Japan, Korea, are hitting with the utmost
force. While we're looking at the conference now going on in the
Philippines, in Manila, which is trying to pick up the pieces from the
crisis so far, which will not work. Nothing good will come out of
Manila. This thing is, there'll be a number of nations which will say
good things, but there will be no good decision coming out of
Manila. There'll be a catastrophe -- leading to a worse crisis, in the
weeks following the conference in the Philippines.
In the meantime, we're going to have a blowup in Brazil, which is
going to blow up here. Which means that, in a very short order,
you're going to have waves of crisis hitting the U.S. markets, based
on the combined impact of the Asian, and South American, crises.
You could have a new Mexico crisis very easily, in this context.
In the meantime, all of Eastern Europe is blowing up, including the
former Soviet Union. There's a crisis in Russia, which is major. And
which can hit the European markets hard and fast. The bonds which
are issued by these cities within Russia, these city bonds, these can
go into a chain-reaction effect. And under present conditions, with
the other things going on, Europe can be hit.
In other words, we can, before Christmas, we can find a big hole,
and nothing much more, in the Christmas stocking -- that's the way
it's going. And the developments in Brazil are one of the big bombs,
the big detonators, which can blow out the U.S. financial market.
EIR: You've said that the only solution for the crisis, is that your
policies control the actions of the U.S. government -- and actually,
not just even your policies, but that in a crisis which develops from
minute to minute, from hour to hour, you actually have to have
hands-on control of the economic-financial actions of the U.S.
government. But how can you, as a private citizen, the head of a
small organization, not even an official of any major corporation,
how can you hope to determine the financial policies of the United
States government?
The History of Mankind Is the History of Ideas; In Such
Periods, Ideas Prevail.
LYNDON LAROUCHE: Well, you know, it's a funny thing --
history. If you look at the course of history, you find that the history
of mankind is the history of ideas. That, between revolutions, which
are based on ideas, that governments dominate, other institutions
dominate. But, whenever you come to a crisis, in the history of
mankind -- like the fall of empires, and we're in that kind of period
now -- you find that suddenly governments which seemed
all-powerful, suddenly crumble. Empires crumble. Financial
institutions which have seemed all-powerful, crumble, go bankrupt,
and disappear. Leave the empty windows staring out at you, where
there was once this bank you thought was invincible.
In such periods, ideas prevail.
The important thing to be in history, the only thing to be, is a person
of ideas. That is, real ideas, not funny gimmicks, but solid ideas,
based on study of science, art, and history, and things of that sort.
Now, you just ask yourself, how did this crisis happen? Well, some
people said it was inevitable. Maybe somebody on Mars did it, or
Venus, or some flying saucer people may have done it, some people
will say.
And you say, how did this crisis really happen? This crisis happened
to a civilization which was going along quite successfully, with all its
shortcomings, until about 30 years ago, when some terrible mistakes
were made, in changes in direction of policy.
Now, these mistakes didn't happen accidentally. They happened
because the society had certain cultural weaknesses in it, which
made it susceptible to these mistakes. But the past 30 years, except
for what we did in the civil rights efforts, in the middle of the 1960s,
I can say fairly, that every change in policy, which we in the United
States, and most other countries, have made, during the past 30
years, has been one succession of one catastrophic mistake after
another.
Who made these mistakes? Well, the mistakes were obviously made
by people with a great deal of influence.
Who were those people?
Well, these were the big foundations, such as the Ford Foundation,
that's part of it. Other institutions which are less famous than the
Ford Foundation. These mistakes were made because people who
were elected to government, or people who were in government, as
appointed or civil service officials, agreed to make these decisions, or
a majority of them.
The same thing is true in other countries. How do these mistakes
occur? The parties, the institutions, the governments, the powerful
institutions of the private sector -- these are the people who pushed
the policies, which led to the catastrophe.
So, all of these institutions, whether government or private, are now
useless. Because they are the people who made the catastrophe
which is now hitting us. Do you expect from these sources, the
ideas, the proposals, which are going to get us out of the mess? Of
course not. What you're going to get is more intelligent people, in
leading institutions, such as government, will turn to people outside
of government, who have not been making these mistakes -- and
turning to them, and saying, ``What do you got to say? We admit
we're bankrupt. We don't know what to do. We are presiding over a
catastrophe, which we made. Tell us, what to do. Tell us how to
correct our errors.''
And they will have to turn to people outside the mainstream. That's
how governments survive ... if they do survive, is by correcting their
errors in that way.
Why Global Warming Is a Scientific Fraud
EIR: Thank you. Next month, in December, in Kyoto, Japan, there's
going to be a world summit, a so-called world summit, on Climate
Change. Now, the 21st Century Science Associates, with which
you're associated, has just issued a 100 page special report, ``The
Coming Ice Age: Why Global Warming is a Scientific Fraud.'' Could
you tell us about this, please?
LYNDON LAROUCHE: Well, there are several problems here.
One, you have people who are stubbornly, but in a sense, honestly,
mistaken. But then you have people who are dishonestly mistaken.
The leadership of the ecologist movement is a bunch of deliberate
hoaxsters, and I wouldn't give you two cents for their integrity or
honesty.
That virtually everything we've adopted, since 1970, in the way of
so-called environmentalist rulings, and policies, has been based on an
outright fraud, and that's completely provable.
But then you get into another problem. Let's take the case of the El
Nino. The El Nino is a natural phenomenon. Let me explain
summarily some of the points. Not to go into too much detail, but
just to give a picture of it.
You have a broad stretch of water, from the islands of the
Archipelago in Southeast Asia, such as Indonesia, and so forth,
across the Pacific, along the line of the Equator, toward South
America. Eh? Toward Ecuador, and Peru. This is obviously the part
of the world's oceans, which has the greatest concentration of heat
from the sun. And the water in this area will be very hot, except for
two types of currents: one are the Coriolis forces currents, which is
the waters of the Northern and South Pacific interchanging
temperature with the equatorial waters; and then you have a second
one, vertical, which is the surface waters, which are heated in the
Pacific, being cooled by the waters from the depths of the Pacific.
If you get, for any reason, you get a disturbance of these two cooling
factors, you get an accumulation of temperature in the line across the
Equator. You'll get a process, then, of this hot belt, moving across
the Equator, toward Peru.
Now, this was called by the Spaniards, El Nino, meaning Christ
Child, because it would tend to hit Peru about Christmas time.
Hmm? A perfectly normal phenomenon. But, this also affects,
naturally, what happens to the atmosphere. What happens in the
oceans is very relevant to what happens to the atmosphere.
Therefore, you will get a tendency -- a split in the Gulf Stream, or
the Jet Stream. And you'll get very sudden, and dramatic, weather
changes as a result of the so-called El Nino effect. What is in
progress is no worse than has happened many times in the past,
although some people have tried to build it up, and associate it with
Global Warming.
The problem is, that the weather people tend to ignore
considerations which are beyond their spectrum. And therefore they
will come to improper conclusions, because of factors in determining
weather, which are outside the normal climate kind of stuff that they
consider, statistical kinds of things they look, and therefore they will
make honest mistakes.
A similar thing is, that up until recent time, everybody in the business
who was a scientist, knew that the determinants of long-term heating
and cooling in the planet, had a great deal to do with two things.
We're talking about 10,000-year cycles, and 100,000-year cycles. Or
double 10,000-year cycles, and double 100,000-year cycles.
The Astrophysical Determination of Ice Ages
For example, and these are mostly have to do with the Sun, and
certain precessive changes in the characteristic of the elliptic orbit of
the Earth around the Sun. That is, the way in which the Earth is
positioned with the Sun, relative to the seasons, changes. And you
get periodic ice ages, which we've had for about 2 million years in
the Northern Hemisphere. We are now in a cooling period. And all
these guys, who are talking about global warming, are idiots.
For example. If you had a lot more carbon dioxide. All right, the
idiots will say, that means you're going to have the greenhouse
effect, and you're going to have hot atmosphere on the Earth. Bunk.
If you increase the carbon dioxide content of the atmosphere, you're
going to have two effects. Number one, the plants are going to be
very happy. And when plants are happy, they grow. You have a lot
of heat around? The plants love heat, and they love carbon dioxide.
If you have a hot house, a greenhouse you're running, you know.
heat and carbon dioxide and these plants are just so happy, and they
grow so lushly. Hmm?
So, what happens then, is you get also much more rain. The Earth
becomes ... deserts begin to bloom, because of more rain. You have
also an increase of the amount of moisture on the land, and thus you
have a lowering of the level of the oceans. Also, in the process, as
the process continues, you'll get an ice age.
Now, how's an ice age formed? It does not form on water; it forms
through the deposit of snow on land. Huh? And it builds up and
builds up..
For example. During the height of the Ice Age, the last ice age, the
world's oceans were between 200 and 400 feet in level below the
current levels. So that, if you want to talk about weather, and
cooling, and so forth, you have to take in the larger context of things,
including the Solar System. The biggest determinant of the climate,
and conditions on Earth, is the relationship of the Earth to the Sun,
and things that happen to the Sun! And then, the Sun's effects, and
those changes, and their effects on our climate.
So, people in this area, are nonsense. The question, for example, the
ozone hole -- a complete hoax. First of all, it has nothing to do with
cancer. The part of the spectrum which ozone deals with, has
nothing to do with the part of the spectrum which causes skin
cancer.
Secondly, the ozone hole, to the extent it exists, and there's no such
thing as a simple ozone hole, has been around on this planet for well
over 2 million years. So that, ... Well, I guess we have to wind this
up...
I find the business about England being behind a variety of terrorist activities hard to believe, without substantiation. However, there may be powerful groups in England who have traditionally used terrorist organizations for their own personal gain ( separate from the elected government ) , just as it seems that factions within the US government are suspected of doing the same thing. One problem about having a concentration of power of any kind - including intelligence - is that it can be corrupted.
I no longer ignore what Lyndon Larouch says, although I do substatiate what he says from other sources before I take it seriously.
Re UPTURN OF THE DOLLAR
Has anybody read Robert Tkoch's Current predictions [Post 03:07 19th Nov] ?
His predictions [ Aug and Sep 97] were originally given to us by you, Nick@A? He seems to have been spot on, doesn't he?
I'd be interested to learn a bit more about Long and Short Term investing..Timing would seem a little dicey for a beginner?
Though he speaks of Currencies [US$ & Deutsche Mark], I see in his post that he asked how the Kitcoites would apply his 'currency' advice to the Gold Market.
Would this apply only to Gold SHARES? What about bullion?
And what about those mines that 'hedge' ?
Could someone please comment on this?
Thanks in advance.
We have all recently learned the Rothschilds & Soros have been covertly buying up silver properties via a company going public very soon. And today our own RJ reiterates his bullish outlook for the Poor Mans Gold -- SILVER. However, we must should due reverence to Claude Cormier, who first shared his considerable insights with us about silver in his mid-year Goldbugs Weekly Comment.
In Cormiers report "Silver stocks, there ain't too many!" - posted at GOLD-EAGLE, he recommended six silver stocks with outstanding potential - albeit within a precious metals bear market. Lets capsulate here how these stocks have performed since their mid-year lows:
Pan American Silver ( PAA ) ........UP 53%
Silver Standard ( SSO ) ............UP 57%
International Avino ( ASM ) ........UP 50%
First Silver Reserve ( FSR ) .......UP 86%
United Keno Hills ( UKH ) ..........UP 11%
Clifton Mining ( CFB ) .............Down 4%
Thats an average 42% Silver portfolio gain during the last five months - while gold have been miserably dribbling downwards!!
KUDOS & ACCOLADES for an Analyst Par Excellence: Claude Cormier
Please be aware that if you CLICK on the silver stock symbol in his report "Silver stocks, there ain't too many!" - the curent daily price chart pops up.
You may read his entire mid-year SILVER FORECAST at:
http://www.gold-eagle.com/gold_digest/goldbug613.html
In Cormiers report Silver stocks, there ain't too many! -posted at GOLD-EAGLE, he recommended six silver stocks with outstanding potential - albeit within a precious metals bear market. Lets capsulate here how these stocks have performed since their mid-year lows:
Pan American Silver ( PAA ) ........UP 53%
Silver Standard ( SSO ) ...............UP 57%
International Avino ( ASM ) ........UP 50%
First Silver Reserve ( FSR ) ..........UP 86%
United Keno Hills ( UKH ) ..........UP 11%
Clifton Mining ( CFB ) ................Down 4%
Thats an average 42% Silver portfolio gain during the last five months - while gold have been miserably dribbling downwards!!
KUDOS & ACCOLADES for an Analyst Par Excellence: Claude Cormier
Please be aware that if you CLICK on the silver stock symbol in his report Silver stocks, there ain't too many! - the curent daily price chart pops up.
You may read his entire mid-year SILVER FORECAST at:
http://www.gold-eagle.com/gold_digest/goldbug613.html
I believe this new system will work. Thanks, Bart, for sticking with it and trying to cut down on the extraneous posters.
Thiessen sends signal about higher interest rates
OTTAWA ( CP ) - Canadians can expect short-term interest rates to start rising soon, the governor of the Bank of Canada said today.
Gordon Thiessen told a news conference the excess capacity or slack that has been keeping inflation low will likely run out at the end of 1998. And that means the bank must start moving away from stimulative monetary policy to ensure Canada stays within an inflation target of between one and three per cent.
The bank continues to forecast average annual growth of four per cent through the balance of this year and next and Thiessen said unemployment will be coming down. But he couldn't say when.
In the meantime, the bank will face the challenge of setting policy so that the economy will continue to grow at full potential while keeping inflation low, Thiessen said.
"Preserving low inflation is a prerequisite for making the economic expansion a long-lasting one," he said. "It is by prolonging the expansion that we are going to achieve sustained reductions in unemployment."
That will mean a gradual moderation over the medium term in what the bank believes has been a high degree of stimulation in the money supply through low interest rates, Thiessen added.
btw, ALL - My ( yet to be famous ) :JO/GOLD Similarity Chart is holding up well...I guess you know what this means for the mighty-mellow-Yellow.........ugh.............oh no!..............ugh...........
and Savage - chaeck it out for yourself. Optionvue is a Great program for the price. If you hurry you can get a good price break. Here is the sight http://www.optionvue.com/ download a demo http://www.optionvue.com/demoinfo.htm
away...to the MARK
tryingtobesubtlebuythedipsnowormiss
irvine-boy?
His/her posts are engaging simply because they are so different from what we are accustomed. I am fascinated even when I don't learn anything.
It is unfortunate that we do not have responses from other Kitcoites that have the same cultural background.
South Korea reveals financial bailout plan
SEOUL, South Korea ( AP ) - Struggling to stop its once-mighty economy
from sliding into chaos, South Korea fired its economy minister Wednesday
and said it will ease currency controls, borrow dollars abroad and clean up
debt-ridden banks.
Whether the emergency measures will regain the confidence of foreign
investors could determine whether South Korea becomes the next Asian
victim of financial freefalls - with far larger ramifications.
Initial reactions from analysts were less than enthusiastic. They said the
measures were not drastic enough and came too late, and that the country
will need a bailout from the International Monetary Fund.
South Korea's meteoric ascent out of the poverty and economic chaos of
the Korean War era gave rise to the world's 11th-largest economy.
"There is a possibility that the government will ask for IMF loans."
Foreign investors have been bailing out of the South Korean stock market
and converting their holdings to U.S. dollars. But local investors pushed the
benchmark Korea Composite Stock Price Index up slightly at the close
Wednesday on expectations the new measures would invigorate the
economy.
http://canoe2.canoe.ca/BizTicker/CANOE-wire.SKorea-Economy.html
C'mon JTF...fess up!
away...to be suspicious
privateEYE
I am honored that you think that I, who consistently does poorly at foreign languages could pull off the stunt that you describe.
If ANOTHER is not who he/she claims to be, then that person must be a master story teller.
Japan's economy, Prime Minister Ryutaro Hashimoto admitted
yesterday that his government must finally bite the bullet and use
public funds to bail the nation's banking system out of its difficulties.
These measures are expected to be announced on Dec 10 and to
include a provision for a new publicly-funded agency that will buy
preference stocks in Japanese banks to boost their depleted capital.
Mr Mitsuzuka again stressed yesterday the government's determination
not to reverse its fiscal stance. But it now appears certain that the
government will employ funds from Japan's 220 trillion yen ( S$2.8
trillion ) postal savings system as a means both to rescue the banking
system and also to apply some further stimulus to the economy by
what is in effect a backdoor method.
http://www.asia1.com.sg/biztimes/3/focus21.html
aggregates is "one factor in one's thinking about where the economy and inflation are going." Though
difficult to read, strong money growth numbers "certainly go in the same direction" as strong growth
and upside inflation risks. Of credit conditions, he said, "Generous may be too strong a term, but it's
certainly not restrictive in any way, and I think that's one area that bears watching."
"All the money measures are running strong," said another well-placed Fed official, adding, "It's
one of the many things we look at."
An administration official, meanwhile, observed that the "official position" is that the impact of the
Asian crisis will be "modest," but added, "I've got a feeling we could be underestimating the effects."
The official said the Asian crisis is potentially more serious than the Mexican peso crisis, because
"there are quite a lot of weak links in the chain." The official further said the U.S. stock market still
looks "overvalued" so that there is "a lot of potential for a big stock market correction."
http://www.economeister.com/curracct/971119ca/usfed_ma.htm
[TOPICS: MNSFED]
rate of inflation in order to minimize the macroeconomic risks following from lower equity prices,
wider corporate bond yield spreads, and more volatile exchange rates. Too much of an export-led
recovery for Japan does not seem compatible with long-term stability for the world economy. For
the third-quarter of 1997, Japan's current account surplus swelled by 67% year-over-year. In view
of the slowdown now about to strike many of Japan's Asian export customers, Japan will have a
strong incentive to increase sales to the US and Europe. In view of Japan's already existing trade
frictions with these regions, Japan might be more open to accepting internal reforms that would
promote domestic spending in its own economy on goods and services produced both at home and
abroad.
Your posts regarding juniors etc . I generally agree with the thesis, however remain concerned with the bigger picture of au going south,cb's response, euros et al. Currently long on the juniors and one inparticular looks to have some promise. Have you reviewed MNP -V it is a Canadian mining venture . Madison Enterprises Corp has good management and an active Board.They are well financed and have earned 65% of the Mt. Kare property in Papua New Guinea contigous to Placers" pogera property. Initial drill results look good ( maybe 1.7million tons ) next release should be about 80 holes ( dec? ) independent assays with blinds , metalurgy is complex like pogera's. Placer is supposed to be interested because of it's proximity. I have 3or 4 more others that could be discused if there is any interest...any comments? regards
Anyway, my post was to John K ( Worldview ) , or to anyone who can answer this question:
Hashimoto now plans to use the $2.8trillion public postal fund to bail out the insolvent Japanese banks. Just how are these assets allocated? Stocks, bonds, real estate, cash, etc? This money will not be of much value if it is invested in the bankrupt banks, will it? Are non-cash assets to be liquidated?
I wonder, in a similar situation, would our US of A do the same with our retirement accounts -- ie 401ks, 403bs, etc?
its growing gold eagle sales?
Nevertheless Mexico's economy is booming ( and is now referenced as a safe haven for emerging markets {check Pointcast} while British Columbia's is the slowest growing in Canada. So much for quality being a precursor for a healthy economy.
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