For us poor down- trodden goldbugs. Goodnight Fellow Kitcoers...

To All,

Oooops.

Mo in To

It looks like the Asians are beginning a massive support of their stock markets via sales of U.S. dollars, treasury bonds, and stocks.

How much of gold's recent strength is a reflection of Asian conversion of dollars into the alternative universal asset? I wonder...

Congratulations on your gold factory. Most of the calls I get are from people who want their gold in an instantly recognizable, instantly tradable, and non reportable form. For private investors, coins make much more sense. Nobody wants bullion. Witness the consternation with which Tyler Rose is faced on a COMEX delivery. Most people want it simple, quick, and quiet; they want coins. I traded few million ounces of silver last year, and much less gold ( mostly short ) , and a whole bunch of platinum and I never had a request for bullion delivery. Gold and platinum buyers wanted one ounce coins. Got to the point that the spread on platinum coins was actually lower than the spread on bullion this summer, may happen again soon. Good luck with your smelting, prospecting, weighing, mining thingy you got going on there, sounds complicated.

What is the Nikkei doing now?

+6.00%

Well, it looks the sell T- bonds and buying gold is working...

RJ.
Obviously by your PUFFING you are turning in your weekly report to the
C.F.T.C. RIGHT!

Your answer to us was that of a politician painted into a corner. How can you say your $12.21 is a 4.25% spread when by using your own math, thats how much over spot. You said, that your bid is more than $2 over spot. Will give you benefit of doubt and call it 1% over spot or $2.875. Thats actually $9.35 spread or 3.25% spread. The numbers we quoted were $4.35 spread or 1.5% spread. We were quoting Eagles & Mapes you can keep the thinly traded Phillies. Work your way out of this corner, with your creative DRIBBLE. OR will you be turning RETROMENGENT!

All three of the governments mentioned were on power trips when they dis- allowed gold ownership from within.
A tribute to the power of gold.
In other words it was sell or die, but better to live to see them fail - THEYDIDFAIL.

Silverbaron: I tried the search engine, and it
works fine, but only goes up to Jan. 9. I did
not change the user/password entries, since it
says "to be implemented".

Barb -

I'm not sure what the hostility is about. Each post you make has different numbers attached to it. I don't have a clue in what you are trying to say. I will deliver eagles or Leafs based on a spot of 287.5 for 302.30 each. If you can buy 40 or 50 ounces, or even 10, at a better price, congratulations.

R.J. Thank you for being one of the more outstanding contributors to this site. PLEASE don't let criticism cause you to leave this us as it has so many others who tired of throwing pearls of wisdom to the unappreciative.
Thanks Snowbird

John, just want to share with you my
little thought, BTW based on my personal
knowledge.

There were two pieces of info in the press:

1. Russians stopped selling PL on the spot market
for now - and as you know PL price recovered
a little bit ( proud to say, I "predicted" it
in one of my previous posts...oh God, I'm good
sometimes )

2. Norilsk Plant paid salaries it owned to its workers.


I've seen this before - Russians dump ( ed ) their products
at any price to pay workers, particularly when salaries
were ( are ) not paid for 3- 4 months - there is just no any
other way to keep enterprizes alive in present conditions.

All this desire of Norilsk to sell direct through Almaz
connections is a way of getting some funds to cover
operational expenses.

And of course, they sell to their friendly connections
abroad, and then these friendly connections stockpile
some PL and get an advantage in selling PL short and etc.

Now I guess you know one of the major factors which is
affecting PL price - Russian worker salary factor.
Pretty stupid, but reliable indicator when PL price is
gonna go down next time: If Norilsk workers are not paid
again for 3- 4 months - watch PL price closely...

I'm not kidding, we purchased a very fine stainless steel
wire couple of times on Russian spot market for 1/2 of normal
price for cash, so that director of the plant could
finally pay salaries, FIRST TIME IN 3 MONTHS. Director
obviously was forced to do it, he was not very happy,
but nothing he could do about it...but he solved his problems
again.

http://satellite.nikkei.co.jp/enews/

SPEAK LOUDER..........I CAN'T HEAR YOU !!!!!!!!!!!!!!!

farfel..........this could be YOU......

An American politician was giving a speech in Scotland.

"I was born an American, I have been an American all my life, and I
will die an American!" he declaimed.

"What's wrong, man," exclaimed a Scottish voice from the crowd, "Have you no ambition?"

Well, at least I'm glad that you are comming round to my way of thinking?!

Aye, Haggis

Is it true that holders of above ground silver have been led to believe that the stash is infinite, thus their dumping of silver at todays measly price in view of huge production shortfalls over a number of years.

How do you torture a Scotsman?

Tie him to a chair and make him listen to your Pegasus bailout strategies..................

Are you using remote viewing? Is the stage is sagging under her?

A Scotsman who lived in New York was constantly annoying his American hosts by boasting about how great Scotland was.

Finally, in exasperation, one of them said to him:

"Well, if Scotland's so marvellous, how come you didn't stay there."

"Well," he explained, "They're all so clever up there I had to come down
here to have any chance of making it at all."

Aye, Haggis

An American was in a bar boasting that he came from "The greatest
country in the world."

An old Scotsman overheard him and asked:
"Is that right, you come from the greatest country in the world?"

"Why yes Sir," said the American.

"That's funny," said the Scotsman, "That's the strangest Scottish accent
I've ever heard - what part of Scotland are you from?"

Aye, Haggis

An American tourist decided to play a round of golf at an exclusive
Scottish golf course. He hired one of the local caddies and set off.

However, as he approached the ninth hole he had already amassed a score
of 100 having taken 7 putts at the eighth hole. Furious, he hurled his
putter at his caddie and yelled:

"You must be the worst goddamn caddie in the world!"

"That, sir," replied the caddie, "Would be too much of a coincidence."

Haggis, mon, ya must be hearing the pipes tonight, aye. A skirling and a skirtin'. a wee highland fling and a 9999 day at kitco.

MacAurator_just@an_old_tart ( an )

You guys cut me up!

cat's lates life Thu Jan 15 1998 01:21, the funniest thing I've read here Hi tech solution..
Auric ( who btw I thought almost had the wet T- shirt competition in the bag with his "watch gold bounce" ) , excelled himself at Thu Jan 15 1998 07:54 ,

Any more offerings for the "wet T- shirt competition"

You know, the tacky logo that never quite made it on the *Official* gold bugs T- shirt - Get Real - - Get Gold- - -

Do the clicking thing here:

http://www.gold- eagle.com/ClarityResources/T- Shirt.html



That's right, there's still@time_to_Enter__FREE_GOODIES

Calling all wicked aphorisms....

Goldstream Mining, MINORCO/ANGLO AMERICAN

ONE TO KEEP AN EYE ON...... GOLDTREAM currently AU$ 0.17 per share
Mount Painter Project in South Australia.
A Proterozoic Copper/uranium/rare earth/gold/silver mineralised system

Comments from a certain Tommy Lee - Hotcopper 12/30/1997

"As you can see Goldtream is moving. Anglo American are sending eologists from SouthAfrica to Adelaide in mid January 1998 in regards to the Mt Painter prospects. If it is all Ok, as it will be, it looks like they will fund the exploration. I would like to repeat as I said previously, Goldstream will not run on Gawler Craton crap. It will run on the largest
epithermal gold discovery in the Southern Hemisphere, if not the world. This will rival Lihir Gold's reserves only it will be much richer in grades. Buying today eminated all from Adelaide. Shares sold by Titan Resources all went to Adelaide based shareholders. Hold onto your hats for this one".

Other Reports.................

TI: Moolawatana, quarterly and final reports for the period 26/8/75 to 25/8/76.

ANN: Ongoing copper/uranium exploration of basement and Willouran cover southwest of Moolawatana comprised ground magnetic, IP, EM and TEM surveys, airborne EM ( Turair ) and magnetic surveys, prospect- scale geochemical surveys and limited diamond drilling ( 2 holes, total 300 m ) . Activity initially centred on the Balancing Rock prospect near Junction Creek, with the best drilling intersection grading 6.01 m at 1.132% Cu from a near surface primary sulphide zone beneath a thin oxidized layer enriched up to 5.5% Cu. Subsequent work was semi- regional geophysical and geochemical surveying aimed at detecting occurrences similar to the Parabarana and Gunsight deposits. Of the Late Proterozoic units investigated, the Brindana Schist appears to offer the best potential for
economic mineralization. Although stratiform copper within the basal arenaceous Willouran is still considered a valid target, there have been no indications of this deposit style from airborne EM. The Wooltana Volcanics have a well- demonstrated association with copper mineralization, but within this unit the scope for economic grades and
tonnages appears limited.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TI: Wooltana, quarterly, annual interima nd final reports for the period 27/4/89 to

ANN: A sequence of exploration programs in the Mount Painter Province, undertaken on Special Mining Leases since 1965, have been previously released. Exploration for base metals, gold, uranium and REE since 1974, in the Paralana Fault Zone area between Mount Painter and "Balcanoona", comprised an airborne magnetic/radiometric survey, IP surveys, soil, stream sediment and rock- chip sampling, and RC ( 15 holes, total 1180 m )
and diamond drilling ( 7 holes, total 1313 m ) . A report on the implications of the EL 8213 joint venture's findings in the area points to the untested gold potential remaining in several prospects, and predicts that a Carlin ( Nevada ) carbonate- hosted micron gold mineralization model applied should lead to better success than has come to date from a Zambian Copperbelt- style exploration approach.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TI: Mount Allalone, progress and annual reports for the period 14/6/89 to 31/7/95.

ANN: Base metal exploration of two lead- zinc mineralized areas previously discovered by Billiton and WMC within Hutchison Group metasediments near Mount Allalone, north west of Buckleboo on central Eyre Peninsula, comprised ground magnetic and EM surveys, RAB drilling ( 130 holes, total 6959 m ) and RC drilling ( 67 holes, total 3335 m ) .
The RAB drilling on Paney prospect returned visible galena and RC drilling yielded a best intersection of 2 metres at 2.61% and Zn, down- dip. Extensions were not significantly mineralized. The majority of new drilling work was carried out over grids on the Tin Hut Well prospect. This has disclosed a geochemically anomalous ( to 3.56% Pb + Zn ) zone 1.8 km long and 250 m wide, which exhibits syngenetic sulphide lead isotope characteristics. An untested EM conductor found east of the Tin Hut Well prospect is also contained within a local target sequence of base metal anomalous carbonates exceeding 100 metres in thickness.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TI: Yudnamutana Hill, progress and annual reports for the period 20/5/80 to 15/2/95.

ANN: Base metal and gold exploration since 1980 in the Yudnamutana Hill area, 20 km north west of Arkaroola, comprised detailed geological mapping of major basement and cover stratigraphic units and known mineral deposits plus localized sampling and drilling. Low- level copper and gold anomalism ( maximum 5 g/t Au and 15.4% Cu from 90- 91 m in Utah YD001 ) was reported from exhaustive rock chip and drillhole sample assays, including data from a comprehensive resampling project on earlier drillhole cores. BLEG sampling returned low- order assays from the vicinity of the Black Queen Mine and 0.37 g/t Au from the Blue Mine area, but no kimberlitic indicators were found. Anomalous radiometric readings were detected at the Echidna uranium prospect.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TI: Parabarana copper prospect, report on detailed mapping carried out in April- May 1972, and a reviewed geological interpretation of exploratory work done over the period 19/5/69 to August 1972.

ANN: In May 1969, the mineralized Parabarana area was secured by North Flinders Mines and during the last three years, it has been the subject of a comprehensive exploration programme. There is evidence that the grade of primary copper sulphides may improve with depth. Further diamond drilling to test for extensions of the encouraging copper intersections is warranted, plus investigations of the wider prospect area where a
strike length exceeding 1 mile with scattered mineralization has been delineated in reconnaissance. Detailed mapping on a one hundred foot square grid was undertaken. The geological map and revised drillhole cross sections are the subject of this report.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TI: Parabarana copper prospect, quarterly progress and technical reports for the period
18/5/72 to April 1974.

ANN: Under a joint venture agreement between North Flinders Mines and Dampier Mining, operative over the 7 square mile SML 705 between 14/9/73 and 14/3/74, 3500 feet of additional appraisal diamond drilling by Dampier was required on previously identified copper orebodies. By April 1974, 5 percussion/diamond holes had been drilled for a total of 5042 feet, drill core sampled and assayed subsurface geology re- interpreted
from all the Parabarana deposit drill cores, and a 1:6000 scale, structurally oriented, detailed surface geological map of the area between Gunsight and Parabarana prepared drilling results were disappointing, with the best intersection being from 1753- 1795 feet in
PDD14, which averaged 0.8% Cu, within a wider interval of mineralization down to 1775 feet which averaged 0.49% Cu. Dampier concluded that it was unlikely that readily defneable drilling targets exist which could be expected to indicate a large tonnage of high grade copper ore and that there was little likelihood of increasing the ore reserves.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TI: Review of SADME diamond drilling and company exploration at Parabarana copper prospect, northern Mount Painter Block.

ANN: During intensive exploration from 1968- 1975, North Flinders Mines Ltd approached SADM for assistance in proving the deposit. SADM drilled 2 diamond drill hoes, from November 1972- November 1973. This data package presents the SADME data and reviews all company data. Reserve figures have not been calculated but inferred resources are 6.1 MT at 0.9% Cu with a grade of 1.1% in the thickest part of the mineralized zone ( 10- 30 m ) . Mineralization is considered to be a result of hydrothermal
activity associated with the intrusion of the Mount Neill Granite Porphyry and subsequent localization in shear zones.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TI: Prospect Hill. Progress reports from 8/5/85 to March 1989.

ANN: Target was Sn and base metals in sheared Middle- Proterozoic volcanics and granites. At the Southern Ridge prospect, Sn mineraliztion ( mainly cassiterite ) with minor chalcopyrite and sphalerite occurs in a siliceous lode over a strike length of about 1 km. Mineralogy is quartz- garnet- gahnite +/- fluorite +/- chlorite +/- biotite +/- sulphides +/- cassiterite. Minor scheelite is present. Best intersections from surface sampling and drillholes include 6.2 m at 3.5% Sn, 14 m at 0.8% Sn ( including 2 m at 4.22% Sn ) , 6 m at 0.15% Cu and 12 m at 6.3 g/t Ag. Mineralization, originally considered hydrothermal, is now thought to be stratiform and volcanic exhalative in origin. The surrounding area has
no potential for significant alluvial tin.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TI: Mount Painter, progress reports from 31/6/65 to 29/11/85.

ANN: Widespread uranium mineralization with drill indicated reserves of 6 Mt at average grade of 0.8 kg/t U308 in 5 major deposits. Mount Gee deposit tested for molybdenum by reanalysis of all core and cuttings for Mo and U. Results show average of 0.02% Mo.

The Mt Painter complex is an early to middle Proterozic basement inlier in the NE extremity of the Adelaide Foldbelt, situated about 560Km north of Adelaide. It is an area of defined uranium, copper, rare earth, gold and silver mineralisation. The complex is well known for extensive outcrop of several varieties of breccias, the main breccia body covering, discontinuously, a surface area totalling 7 Km2. At several locations the breccias are topped by the Mt Gee Sinter ( up to 200 metres thick ) , a layered quartz hematite siltstone, with elevated uranium, copper, rare earth, gold and silver mineralisation.

Mineralisation over the region are classified:

1. layered deposits that follow the sub- horizontal Hematitic Breccia sheets.

2. discordant, steeply dipping breccia or vein deposits controlled by faults and diatrems.

The principal general reference is .......

Drexal and Major, 1990
Mount Painter Uranium - Rare Earth Deposits
in Geology of the Mineral Deposits of Australia and Papua New Guinea
AUS IMM

For anyone interested, I can forward the published references :

gabbro@gold.net.au

Aye, Haggis

Exponential escalation of tention in the Middle East :
http://www.cnn.com/WORLD/9801/15/israel.palestinians.ap/index.html

Hey...you better treat me nicely or I'm not gonna visit you in Sydney and drink you under the table!

I once knew a guy named Haggis
Who didn't much care for Pegasus
When farfel came down
To that old Sydney town
He drank Haggis into a stupasus!

( OOOH, NOOO...there goes farfel with that damn poetry again! )

I once knew a Scottie named Haggis
Who wore a kilt all the time for the helluvit
He never knew why
Guys gave him the eye
It must have been the shade of his lipstick.

Is how I like my

Spud

Date: Thu Jan 15 1998 13:32 your I can forsee the wink becoming like "The America's Cup" ( before, of course, it was artistically modified in OZ ) no, mate, it was an act of liberation from oppression by a NZ maori. Exactly how smashing the auld mug liberated anything, I'm not sure.

http://www.americascup2000.org.nz/home/news/damage/010497/

those australians, well how can we put it politely?

we can't.

the australians, at the last America's cup,

why, the Australians SANK.

glub, glub, glub,

how sad.

ahoy@Capt_aurator

Comments from Hotcopper.........January 1, 1998

"In addition, Minorco will subscribe for an allotment of shares equal to
10% of Goldstream's issued capital of fully paid shares at a price
representing a 5% premium on the weighted average market price over the
five trading days preceding the signing of the Agreement. Goldstream
will use the proceeds of the allotment of approximately A$3.75 million
( US$3 million ) to expand and accelerate its exploration programme.

Under the terms of the Agreement, Minorco may, for a period of at least
3.5 years, participate in any Goldstream discovery. Goldstream will
remain as operator during the discovery phase.

Minorco will be able to earn interests of between 60% and 70% in any
discoveries that contain a resource in excess of 1.5 million ounces of
gold in return for funding exploration expenditure up to feasibility
completion. Minorco can retain a 25% interest in any discoveries with a
resource of less than 1.5 million ounces of gold.

Minorco may also acquire a 60% interest in a prospect that Goldstream
has funded to feasibility completion and which contains a resource in
excess of 1.5 million ounces of gold by paying Goldstream the market
price for that interest ( determined independently ) less 10% .

Hank Slack, chief executive of Minorco, said, ''This is a part of the
world in which we are keen to become more active. We very much welcome
this new initiative which we believe will provide significant benefits
for both parties.''"

Goldstream Mining N.L. ( GDM )
Principal & Registered OfficeGround Floor
24 Outram StreetPhone : West Perth WA 6005
TEL: ( 08 ) 9481 6040
Fax : ( 08 ) 9481 6035

....there are very good reasons why a Scotsman wears a kilt......

A Scotsman was strolling across High Street one day wearing his kilt.
As he neared the far curb, he noticed two young blondes in a red convertible eyeing him and giggling. One of them called out, "Hey, Scotty! What's worn under the kilt?"

He strolled over to the side of the car and asked, "Ach, lass, are you
sure you want to know?" Somewhat nervously, the blonde said yes, she did
want to know.

The Scotsman leaned closer and confided, "Why, lass, nothing's worn under
the kilt, everything's in perfect working order."


AND, a wee bit of advice...........

'Whisky to a Scotsman is as innocent as milk to the rest of the human
race.'..............Mark Twain

..let's get up a poker game ! sam...are you out there?

"A period of floating exchange rates in the region would prevent a similar asset price bubble occurring again but would also be an impediment to trade.

Perhaps a system similar to the European Union's Exchange Rate Mechanism ( ERM ) could be developed in Asia.

I believe that such a system founded on a gold standard could be implemented effectively in Asia. Of course, this would be fraught with difficulties."

So sayeth Dr. Mobius.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

I say the following is worthy of consideration.

As East Asian markets start to resurface, they begin accumulating the yellow metal. Only difficulty is that, at some point, the U.S. threatens to pull all support from their re- emergence for their favoring gold over greenbacks. But, the U.S. does so only after the greenback has fallen enough to provide some much welcomed relief to a few export sectors of the U.S. economy. Meanwhile, we are aware of how well gold reacts to a falling U.S. dollar. Gold's reaction, coupled with the threatening rhetoric is read, therefor, by many as merely a technical rally.

The Asians disregard the chastisement for being just that, even as savy Western investment houses also begin to take shares in gold- based instruments. The pundits' prognosticating goes "poof," the metal dips once to tip it's hat to the pundits, then never looks back as the Asians from Tokyo to the Subcontinent renew gold's priority status.

All the while potential Euro- members kick- up a fuss about consolidating sovereign monetary and fiscal policies. ( Look for Spain to play an increasingly pivotal role as they share interests with North American policy- makers over their considerable S.A. holdings and indifference for Franco- Prussian strategies. )

Should China crumble in the interim, none of the above will come about.

Also, keep an eye on news from Germany as they have been cozying- up to Beijing for some time now.

free gold and electrum - - - current thinking is that it may go to depth

Your experiences of a few years ago with Russian general directors and dumping on the international markets is not doubted and was common practice. A lot of money was also parked off- shore in the g/directors accounts as incentives. In many cases through contract manipulation they did not even break any Soviet laws. But, today:
Norilsk is a privatised company and recently raised considerable working capital. Research Feller Mining News Reports on Info Mine and InterFAx.
Norilsk formerely was obligated to market through the inherited export departments ( dinasours ) of the old corrupt system. I am not suggesting that corruption does not exist. Now at least it is corruption that is understood in the West. It is now in the form of paid consultants and paid advisors.
Norilsk is simply smarter and cashed up and playing the game as they should to make their shareholders happy and rich.

Why is Nikkei up about 1,000?

According to Bloombergs: They are selling US Bonds and Treasury Notes & buyin their shares up.

Gold
2886
+22

Yen
128.56
- 1.32

Mark
1.82700
- .00350
Pound * 1.6297 0.0000
Swiss Franc 1.4933 - 0.0040

Dollar rolling over. Monkey Person: Excellent post!

LONDON ( MktNews ) - The growing internationalization of large German banks is opening them up to global

pressures and the industry, while stable overall, may see some selective ratings downgrades, according to Moody's

Investors Service's annual banking report.

Moody's also said that banking- industry picture is clouded by the approach of EMU.

"EMU presents as many risks as it does opportunities for German banks," the report says, "because a broader

'domestic market' will certainly lead to growth opportunities, but the situation simultaneously ignites harsher competition

and possible risks that are less clearly understood or monitored by present managements."

http://www.economeister.com/news/1998_01/15/062200ma.htm

http://www.abcnews.com/onair/nightline/html_files/transcripts/ntl0114.html

http://satellite.nikkei.co.jp/enews/

I believe it was David Liu of Phoenix International who related this morning on CNBC that the Nikkei pop was not to be trusted as it comes as a "bookkeeping" subterfuge by the government. Banks are being allowed to revalue upward Real Estate held over long periods of time to current market, and will not have to pay a capital gains tax on same. Must have been a lot of stuff not marked up to market for fear of having to pay tax. Liu sees this as a one- time shot, but not effective over the long run. Another example of change the rules by government. Liu prefers tax cuts overall as a structural change that will serve corporate Japan far better than sporadic bookkeeping boosts. He is still very down on Asia.

The paper market are in trouble and speaking of trouble I post the following:

A Scotsman came rushing into a bar, and said to the Barman......

"Give me a whiskey before the trouble starts!"

Another Scotsman then came rushing in, and said to the
Barman......

"Give me one of them before the trouble starts!!"

Yet another Scotsman came rushing in, and said.......

"Aye, I'll have one of them too before the trouble starts!!!"

So, the Barman stands there a watches the three Scotsman
"skull" down the Dram....

"Right", says the Barman, "who's paying????"

The three Scots looked at each other, totally
bewildered....... and said..

"Looks like the trouble is about to start..........!!!!"

The article on hashimoto's speech pointed to in yesterday's discussion prompts the sharing of these thoughts:

If Bloomberg's report is true that Japan is selling foreign reserves to raise the money to bolster its markets and thus fix its banks liquidity and capital ratio shortfalls, the Japanese debt will not increase and the market will not punish the yen. I expected the Japanese to print money.

This news of sales of treasuries argues against the yen put. And for the bond put. Japan's actions, if truly reported, are going to raise interest rates for the Fed. This will create an instantaneous budget deficit due to the large portion of the budget which is payment on debt. It will slow the US economy and challenge the stock market. But Japan had two choices: print and see the yen drop increasing trade dispute difficulties with the US or fix its banks with dollar reserves either by selling them for yen or by changing the law to allow the transfer of government owned US Treasuries to the bank's accounts, an interest free infusion of capital. Selling dollars to fix the bank's with yen avoids future complications due to exchange rate fluctuations.

So, is this the bond bomb ? No, just enough bonds will be sold to fix the Japanese banks.

Japan and the US are in a tango and any misstep will be a disaster. Japan is the creditor nation, but Anerica is the reserve currencyy nation. Japan must export. If Japan were to make a strategic move and via gold purchases with dollar reserves become both the creditor nation and the holder of the most gold reserve, it would have to export to some other place than America because Americans would be devastated by inflation and unable to afford Japanese imports.

If Seidman's $200 billion will fix the Asian crisis and Japan sells enough US bonds to fix its banks, this crisis is under control for the moment. But the world slowdown which is inevitable in this scenario is going to put new strains on the American part of the system. Which is the mother of inflation.

EH

Loved the kilt story. There is so much mystery under those old kilts. Makes one want to give up the Levi's and breath free. You know what I mean? Go Gold.

Date: Thu Jan 15 1998 17:01
SDRer__A ( Mozel! Now you've done it- - from your mouth to Hashimoto's
ear!!! :- ) ) ID#288157:

"Asian Version of ECU

Japan plan for currency unit
Japanese politicians yesterday floated the possibility of creating an Asian Currency Unit in the region in response to mounting financial problems. The scheme would aim to create an Asian version of the European Currency Unit, which would act as a reference point for currencies, politicians told Japanese reporters.There was no official confirmation of the scheme and some Japanese government officials suggested it could be impractical given the diversity of the region's economies.

A number of Asian currencies have recently broken their traditional peg with the dollar, prompting speculation that a new currency system will be needed for the region."

Gillian Tett, Tokyo
FT, Wed Jan 14, 1998

Date: Thu Jan 15 1998 16:06
SDRer__A ( Well, India's Central Bank has plans for gold... ) ID#288157:

From Reserve Bank of India: Chapter 4a; Capital Account Convertibility:
Timing @ Sequencing; Phase I, 1997- 98; Phase II, 1998- 99; Phase III,
1999- 2000

Gold At present, there are restrictions on import of gold. There are only three channels through which import of gold is allowed ( i ) through canalising agencies ( ii ) through returning NRIs and ( iii ) through special import licences.

( i ) Banks and financial institutions fulfilling well- defined criteria to be allowed to operate freely both in domestic and international markets.
( ii ) Sale of gold by banks and Fis included under ( i ) above to be freely allowed to all residents.
( iii ) Banks to be allowed to offer gold denominated deposits and loans ( iv ) Banks fulfilling well- defined criteria may be allowed to mobilise household gold and provide working capital gold loans to jewellery manufacturers as also traders.
( v ) Banks may be allowed to offer deposit schemes akin to GAPs ( gold
accumulation plans )

Steps to be taken by Government and the RBI for developing a well regulated market in India for gold and gold derivatives including forward trading. Both residents and non residents to be allowed to operate in this market.

http://www.reservebank.com/cac- index.html

Note: Interesting to remember that, for many years, GAP's were a
standard feature at Swiss Banks...

There have been comments here recently about Echo Bay being kicked out of the S& P 500. I always consider this the ULTIMATE CONTRARY INDICATOR. It is the insult factor combined with index funds dumping the stock for no good reason. This always provides a short dip. I don't have an opinion on ECO in particular. I don't know if I would own this one. But if you like it, the rejection by S& P is good news.

In 1992, I bought some BGR Precious Metals for $6 when it was kicked out the TSE 300. At the time, I wanted to buy it anyway and looked at this as an opportunity. I sold it at $18. I felt the same way about Bethlehem Steel when it was kicked out of the Dow, Lab Corporation of America as it left the S& P Midcap in December.

Feb.Gold up 1.90 @ 288.30.....S+P futures up 7.20 ( no 'Black Friday' t'day eh )

ECU + ACU = Bye Bye USDollar!

Now is an appropriate time to repeat a prediction I made a few days ago. Gold and the Asian markets will move in the same direction.

What's your take on India as a force in Asians second wind after this mess? I've thought for some time that the fixation with China has been perhaps a bit over done. India has a well established middle class, higher education in English, terrific math and science tradition, Zillions of good cumputer programmers and a huge population.

There is some information in the Sept. 29th issue of Grant's

Asia Observor on India's plans for making gold an integral

part of their monetary system. Grant's Observor credits

The Privateer for spotting those developments. URL below.

http://www.grantspub.com/asia/ASIA1.htm

http://biz.yahoo.com/finance/980116/china_lead_1.html

Did you and the deck survive the last blast? Wow, you're one tough dude.

I think it will be "run and gun" time at the Wall Street Corral...I'd hit the dirt and wait 'til the shooting stops. Wyatt's in town and he's wearin' a gold badge. And to quote Blazin' Saddles... "The Sheriff's a Nippon".

Silverbaron@Adieu.Dollar J.P. Morgan's head of currency research
seems to think the Euro alone will do it! Here's a repost of his letter to the editor, FT:
From Avinash Persaud
Head of Currency Research
J.P. Morgan ( Europe )
60 Victoria Embankment
London EC4Y OJP, UK

Sir, Larry Summers should be congratulated for his enlightened American view on Europes putative single currency ( American Eyes on EMU, October 22 ) . However, it would appear that part of this encouragement for Europes ambitious project is based on an understatement of the risks it poses to the hegemony of the US dollar.

Mr. Summers claims that the international role of currencies is slow moving. This is not so. Sterling lost its international reserve status quickly in the 1930s. The market adopts one currency as its numeraire, not on the basis of considered, cautious judgment, but on the basis of lowest transaction costs. Tradition plays little part in the market for currencies. The greater the use of a currency, the lower the transaction costs will be in using it.

This virtuous cycle explains why there is only ever one dominant currency. The problem for the dollar is that the euro will be a big currency. If all European Union countries participate, euolands economy will be 15% larger than the Us and eurolands exports will be 25% greater ( excluding intra- European trade ) . Just the 11 countries likely to join Emu in 1999 are a bigger exporter than the US.

Mr. Summers also claims that as long as the US does the right thing in terms of economic policy, the euros arrival will not affect the dollar. However, if the dollar loses its reserve status to the euro, this would trigger portfolio switch out of dollars by private investors and central banks in the region of $500bn to $1,000bn- - - of five times the US current account deficit.

I doubt whether any amount of good economic management would save the US economy and the dollar from the effects of such a flow.


Carl@Always.on.Target I agree, they will be formidable! Most particularly with things technical and financial ( e.g. Morgan's head of currency research! ( :- ) . But they do lack an army ( which gives China extra points ) ...

Who says you can't make 30% year in and year out in the equities
markets. Korea's already up that much and the year is only two weeks
old!

I read somewhere that 50% of all business transactions
globally are done in dollars and 80% of all financial transactions
have a dollar component. Also, with the introduction of the new
Franklin hundred more was spent on information/preparation and
marketing overseas, particulary Russia, than on the introduction
campaign domestically to avoid confusion and uncertainty.

Mornin Studio.R: Yup,me and the new deck is just fine- - - - If I can't build a God- Damn deck I'm in trouble as gotta start building an entire house in March ( sickly grin thing ) ....Luckily my carpentry skills are a little better than my typing- writing thingys but will miss this site and the internet when I leave Cape Breton...

If you will tell me what "R" is, maybe I can guess "?"...Great posts, BTW.

You being disconnected from the group is unacceptable...for any period of time...we gotta figure this out.

If you will tell me what "R" is, maybe I can guess "?".

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Old moniker for years on that quaint anachronism
the Fidonet. To be or not to...

Was out of town most of the end of last year
and missed Another but caught up on it.
Extraordinary claims require extraordinary
evidence, I don't see any.

Right or Rong?

One of the talking ( print ) heads was making the case
for not so much a present American hegemony or empire
but an American imperium, drawing the distinction.
I like that, imperium, and a dollar imperium to go
with it. As one goes ( 19th century England ) so goes
the other, I don't think that is popularly understood.

Ditto on evidence. Must now go to the office early in case The OPECers summon me to Vienna. Sure...slimey spitballs...tryin' to run ol'Studio.R out of the biz...we'll see 'bout that. I've got friends in low places... ( now Garth's gonna sue me ) ... I better shut up.

Wow 292.40 and going

Go team gold~~~~~~~~~~~~~

Don't look now but Feb. Gold just crossed through resistance at 296! Something's up! AND IT'S GOLD!! We're in for one hell of a rally if Feb. Gold can break through $300 today! June 330 Gold calls are still DIRT CHEAP!

Hope there's no ladies around....
My poem/prayer for today.

One of these days
And I hope its not long
I'll learn to shut up
And pants my dong.

I know you're praying for me. Thank you.

I don't wanna know. Far better to be just another
bozo on a side street over yon.

ALL: Baby is on the way. More to follow...

$293+ OK!

Just saw, for my first time ( maybe some of you have already seen it ) a cartoon "ad" for CNBC on CNBC. It shows a man standing in a city street as a bear goes by. The man pulls back and looks in wonder as he hears another noise. It is a bull!!! coming down the street. The man jumps on top of the bull and they go flying happily down the street. Then the logo, "CNBC". At least they're now selling their bias, or is that re- selling their bias. Another sign of an equities top....?

Are the numbers at the top of the screen "stuck"?? Go Gold ( and Kitco )

February gold up $5.30. As goes the NIkkei so goes gold.

EBN HAS GOLD up 7.20 and silver up .06


Gold Spot
292.75

7.20
2.52%
Silver Spot
5.92

0.06
1.02

Want some insightful opinions on current conditions for Asia. Cut and paste the following URL to Location and hit enter.

http://www.wilsonreport.com/headlines.html

THE GOLDEN PARADOX: INDIA

India is HOT NEWS TODAY! Various world sources have commented on the Indias Central Banks ( Reserve Bank of India - RBI ) decision to make GOLD an important part of its monetary system. Although international experts seemed overtly careful not to mention the term, it all smacks of a return to a GOLD STANDARD.

Although all will agree India it not one of the worlds financial powers, there are two factors which justify the RBIs decision to liberalize gold ownership. Firstly, it is by far the second most populous country in the world - about one billion - close on the heels of China. Secondly, India is the largest GOLD PURCHASER IN THE WORLD. Therefore, India asserting leadership in returning its monetary system to a GOLD RELATIONSHIP is understandable.

Some months ago GOLD- EAGLE posted a very interesting report by an international expert on the India scene. And in light of recent announcements, the essay garners new importance and relevance. Its title is THE GOLDEN PARADOX: INDIA.

Could India lead the world back to a GOLD STANDARD? To read the report, copy & paste ABOVE URL to your Internet call- up window ( Location or Go To ) , then hit ENTER.

The GOLD SHORTS are taking rounds in the shorts!

For all those frustrated by the revised format of EBN, here is a solution I received from them by E- mail.

Last I checked it had retraced to 293 .40 and I don't see any resistance until 299 after that ?

The solution.

All our market pages can be entered directly and then bookmarked, although
this means you lose the sidebar and feedback buttons until you return to
the home page.

http://www.cnbceurope.com/markets/
http://www.cnbceurope.com/markets/currency/
http://www.cnbceurope.com/markets/stocks/
http://www.cnbceurope.com/markets/commodities/
http://www.cnbceurope.com/markets/bonds/

Are we having fun yet?

I think we are starting to get some attention fromthe gold bears. There is a lot of action. Just watch the gc8g for a bit, you can see that the bears are there, and they are still in the fight.

The search project going on at http://www.acsys.com/~hong is being
worked mostly on weekend. Luckly there is a long weekend coming up.

http://www.acsys.com/~hong/retrieval.html

was posted so that you can give input to me at hong@acsys.com ... some
have and I will try to incorporate these suggestions this weekend

Please notice, that the output is as close to the original as possilbe,
so as to make it easier for the reader.

And ... there will be a user/password check before anyone can submit
other documents to be indexed.

By this weekend, I will turn on the robot that will keep the indexing
current to with in 1 hour ( ? ) or the most recent complete kitco part
of the day ... with in 1 hour, because most people can see what was
posted within the last hour.

Thanks for the input ...

Here it is:

"One Mans Journey to Avert a Financial Disaster

IMF Chiefs Mission to Help the Asian Markets

Jan. 14, 1998

TED KOPPEL
It is not hard to discover conspiracy theories having to do with the Trilateral Commission nor is it difficult to find otherwise sober and serious adults who believe that the events which really move and shake the world are set in motion by the Council on Foreign Relations and there are some people you should just never get started on the Bilderberg Conference ( ph ) . Nonsense, poppycock and piffle.

If, however, you are determined to believe that governments are just front organizations created to distract attention from the bodies that really move and shake this world then consider for a moment the IMF, the International Monetary Fund. ..."


The 347.95 oz question ( based on current Kitco quote ) is:

"Of which organization is Koppel a member ?"

article re Phillipine Airlines cancelling order for four 747's worth $600 million with Boeing. This is first big cancellation from Asian airlines.

Bart, could Kitco scan for url's in the subject field, as it now does
in the body of the message and turn them into an anchor? When vronsky
gives a url in the subject, and the users have to cut and paste, the
mechanism of the browser telling the user that a site has been visited
is by passed ... good for gold- eagle, for the count of visits is
increased, but for the user there is no benefit to waiting for a page
to pop up and then realize that it has already been visited.

Thanks, Bart ... and of course, I will scan for url's in the subject
field in the indexer.

It's amazing how that station has changed over the last year or two. They followed suit with all TV stations and went to the open studio environment where you see people running around supposedly working on breaking information.

At the same time, they phased out John Murphy, who gave you the technical picture when a market was collapsing or surging upward. When he was out on vacation or assignment, they had excellent analysts like Dr. Alexander Elder, John Gambino, Steve Nissan and many others who gave their technical picture of the markets. They phased all of these people out. It obvious why John Murphy left that station.

Now you just get fluff and biased reporting. They still provide information because they can't lie about what the tickers are showing, however, they put their biased spin on each story and never tell the other side. When they do have someone on who gives an alternate opinion, they seem to quickly try to end the interview and go on to something else.

I really miss the technical analysts they used to have on, including John Murphy. They would always have many analysts discussing the fundamentals of a particular market, and 3 would say one thing, and the other 3 would say the exact opposite was occurring. Then John Murphy or some other technical analyst would come on and clear it up and make some sense out of what was going on. John Gambino ( retired Senior analyst from Merrill Lynch ) was always asked by Ted David about taking into consideration some of the fundamentals of a particular market. He would always say, "Don't ask me about the fundamentals, because there are too many fundamentals to consider in each market. Everybody disagrees with each other and it confuses everyone. To me as a technician, fundamentals are important, but the charts reflect the fundamentals and it makes it much easier to analyze a market".

CNBC has really gotten away from actually helping investors anymore!

1. Page A2, Hawaii suffers from Asian flu.
2. Page A15. Whatever the IMF Says, Brazil should defend the real.

aurator is quite right - me forgetum - heap angry NZ Maori smashum up Eastern USA elitist "America's Cup" big cup- o- silver.

And now, EB, on his CONFIDENT and BRAGGING $259/oz gold predicition/bet:

bucck, bucck, buccccckkkkkkSQUAWWWWWWWWWWWWWWWWWWWWK!!!!

Aye, but I bet that they "SMILE" alot !!!!!!!!!!!

Morning: Excellent observation;I hope Bart will consider this suggestion.
It would also provide the board and its readers some considerable benefits........regards

A friend of mine who is a stock broker is getting married tomorrow. We had lunch yesterday as he will be gone all of next week.

As a gift of goodwill and good luck I gave him 2 one ounce gold coins for him and his bride to be.

You should have seen the look on his face.

He was going to go back to the office and show everyone his REAL money. Doing my part for team gold where ever I can.

I had once given a series of gold pieces ( 1 oz, 1/2, ... ) to a new parent as a gift for the child. Both mother and father gave me a strange look as if to say: "What kind of gift is that for my child". Several weeks later I tried to introduce the concept of real money. In about 10 seconds their eye glazed over. Sadly I must say that this experience is not unique.

Being a newbie to the PM religion, I bought one/half bag of uncirculated 1964 Dimes and one/half bag of uncirculated 1964 quarters. This was about two years ago.
The other day I opened them ( still in the hard plastic tubes they came in. ) They were no longer bright and shiny!
The plastic tubes were NOT PVC. A clear plastic which appears the same as the stuff numismatic gold is encased in.
The post the other night re:pvc awakened me! The buckets in which the coins were shipped are PVC. Or at least they have the appearance of pvc.
At any rate, the brilliance is gone from my ( formerly beautiful ) Dimes and Quarters.
Any advice on how to restore the luster w/out eroding the coins and diminishing the value?
Admittedly, if the reason for which they were purchased comes to pass, shiny won't spend any better than dull.
So please, give some feedback! TIA

One other reason why the Scots wear kilts, is that they never get caught with their "SHORTS" down!

Looks like the "SHORTS" may be taking it ..............

It's a rather intersting trend comparing the Nikkei and GOLD over the last year. Any comment?

My options trader says watch for bombshell news in regards to Asian banks this weekend. Called begging me to add more positions, I did , and probably am done { cooked}.

The gold bears are busy. They are working hard and making headway.
They are strong but they are starting to question their postions.
The question they have to be thinking about is : "How am I going to cover?"
They fight on blindly, they will worry about covering later??? What a battle.

Down to 290.60 and back on the way up again,whew,otption players got to love that volativity,unless they are selling naked!

I see we are talking a lot about "shorts" today...well the PM shorts are at it again....gold now up 3.85 and silver flat...go gold

Straddler
John Murphy's transcript from Avid interview.
http://www.kitcomm.com/pub/discussion/JohnM.html

You all didn't think gold wouldn't come back down to at least test an important area, did you? Now we see how it acts from here! Also, notice silver is not performing particularly well today, at least yet. Caution is due!

This little gold rally smells a lot like short covering going into a long weekend. Will probably close on the upside since it is a half day on the COMEX toady.`

"Keep Short- Term Money Clear Of Stocks
Stay In Cash Or Money Funds If You Need Your Money Soon

Date: 1/16/98
Author: Adam Shell

You've heard the horror stories.

People who bet their house down payment on a hot stock tip just months
before the closing - and lose. Or desperate parents who throw $10,000
into an aggressive stock fund a year before their kid starts college - only to watch in horror as a savage bear market slashes their tuition money in half.

Sadly, it happens all the time.

When it comes to long- term investing, most investment advisers will agree
that stocks are the way to go. But if you'll need your money in five years or less, they'll probably steer you into safer investments.

''If you're investing in equities and have less than five years, you're taking a chance. The market's too unpredictable,'' said Stephen Janachowski, co- author of ''Mutual Fund Mastery.''

Such prudence makes sense. Stocks are much more volatile than cash in
the short run. ( See The Long View chart above. ) Yet some people find the
market's recent double- digit returns too tempting to pass up. Often, they'll put ''short term'' money into stocks rather than less volatile areas like money markets and Treasury bills.

''People have a tendency to say, 'The market's doing well. So why should I park my cash in a money market?' '' said Diahann Lassus, a New
Providence, N.J.- based financial planner.

So where should you invest money you'll need in one, three or five years?
Financial planners offered these tips:

A one- year time horizon. Stocks are out. So are interest- sensitive
long- term bond funds. They're too darn risky. Another no- no:
Low- interest passbook savings accounts. Why? Bank rates of 2% are too
chintzy.

What you're looking for is safety, liquidity and a decent return. ''A high return isn't - and shouldn't be - your top priority,'' Janachowski said.

That narrows your choices down to money markets, 12- month certificates
of deposit and short- term Treasuries. Don't expect double- digit returns,
though. Gains of about 5% , give or take a few basis points, are more like
it.

If you've got the time, shop around in your local newspaper and at banks
for CDs and money market accounts with the best yields. For money
markets, you're better off going to a brokerage or fund company, not a
bank.

''Historically, banks haven't paid a very good rate of return,'' Lassus said.

Merrill Lynch's CMA Money Market Fund is now yielding around 5.1% .
Money- market accounts at banks outside New York are yielding
anywhere from 1.25% to 4.25% .

A three- year time horizon. The extra 24 months give you a few more
options. Here, the edge goes to bond funds, mainly short- and medium-
term offerings. You'll get a one- percentage- point premium over money
markets - two points if you're lucky. Returns of shorter- duration bond
funds are more stable, since there's less risk of losing money if interest rates rise.

Not so with 30- year bonds. ''Rates could gyrate wildly in three years,''
Janachowski noted. ''The value of a long- term bond fund can drop
somewhere in the teens if rates spike. They can be just as volatile as
stocks.''

Another option: Diversified bond funds that invest in a mix of
higher- yielding debt. You'll get exposure to U.S. Treasuries,
mortgage- backed bonds and corporate debt.

A five- year time horizon. Now you're heading into stock territory.

''You can be a little more aggressive,'' said Bill Brennan, a financial adviser in Washington, D.C. He recommends putting about 60% into stock funds. To limit risk, he advises you to dollar- cost average into your funds over six months. He recommends putting 40% in an S& P 500 index fund, 20% in small- cap funds and the rest in short- term bond funds.

Janachowski agrees that stocks are appropriate if investors are willing to take on more risk. His advice: Stay away from types of funds that have
been performing unusually well, such as those tied to the S& P 500.

The S& P 500 has had unprecedented gains of 27% to 33% in each of the
past three years.

Small stocks, which historically have performed better than large stocks,
have underperformed the last few years. A well- run small- cap fund might
be a better buy now than a large- cap fund. "

( C ) Copyright 1998 Investors Business Daily, Inc.

THE GOLDEN PARADOX : I N D I A

"India is the world's largest consumer of gold, but does not produce any
gold of its own".

NOT TRUE..........................

I would suggest that the gold potential of India is substantial. The issue is clearly one of investment funds, exploration, development and production know how. India, I would respectfully suggest, simply does not have the experience.

It is "virgin" exploration ground.

Below are some papers dealing with gold mineralisation in India, more detailed references can be provided: ( gabbro@gold.net.au )

- - - - - - - - - - - - - - - - - - - - - - - - - -

Metallogeny related to tectonics of the Proterozoic mobile belts.
Sarkar- S- C ( editor )
Rotterdam: A.A. Balkema.
xvii, 398 pages; figures, references, tables
1992
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Archaean epigenetic gold mineralisation in Hutti- Maski supracrustal belt, Karnataka,
India.
Biswas- S- K
Bicentennial Gold 88, Melbourne, Victoria, May 16- 20, 1988. Volume 1. Poster programme - extended abstracts, compiled by A.D.T. Goode, E.L. Smyth, W.D Birch and
L.I. Bosma. Geological Society of Australia. Abstracts.
no.23
p1- 3; 1 fig, 3 ref
1988
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Discovery and development of a new gold prospect at Chigargunta near Kolar gold mine - a model for Pre- Cambrian gold exploration in Pensular India.
Shashi- Kumar- K- T
Bicentennial Gold 88, Melbourne, Victoria, May 16- 20, 1988. Volume 1. Poster programme - extended abstracts, compiled by A.D.T. Goode, E.L. Smyth, W.D Birch and
L.I. Bosma. Geological Society of Australia. Abstracts.
no.23
p119- 121
1988
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Archaean volcanic and sediment hosted gold mineralisation in Gadag gold field, Karnataka, India.
Reddy- U- S; Chakrabarti- C; Natarajan- W- K
Bicentennial Gold 88, Melbourne, Victoria, May 16- 20, 1988. Volume 1. Poster programme - extended abstracts, compiled by A.D.T. Goode, E.L. Smyth, W.D Birch and L.I. Bosma. Geological Society of Australia. Abstracts.
no.23
p113- 115; 1 fig, 2 ref
1988
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Contrasting types of gold mineralization in the 3 km wide Archean Kolar Schist Belt,
south India.
Siddaiah- N- S; Rajamani- V
Bicentennial Gold 88, Melbourne, Victoria, May 16- 20, 1988. Volume 1. Poster programme - extended abstracts, compiled by A.D.T. Goode, E.L. Smyth, W.D Birch and
L.I. Bosma. Geological Society of Australia. Abstracts.
no.23 p42- 44; 1 table
1988
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Host rock characteristics and controls of gold mineralisation in the southern part of Kolar Schist belt, India.
Shashidharan- K; Mukherjee- M- M; Natarajan- W- K
Bicentennial Gold 88, Melbourne, Victoria, May 16- 20, 1988. Volume 1. Poster programme - extended abstracts, compiled by A.D.T. Goode, E.L. Smyth, W.D Birch and
L.I. Bosma. Geological Society of Australia. Abstracts.
no.23
p39- 41; 1 fig, 3 ref
1988
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Environment of gold metallogeny in southern Indian shield.
Mukherjee- M- M; Natarajan- W- K
Bicentennial Gold 88, Melbourne, Victoria, May 16- 20, 1988. Volume 1. Poster programme - extended abstracts, compiled by A.D.T. Goode, E.L. Smyth, W.D Birch and L.I. Bosma. Geological Society of Australia. Abstracts.
no.23
p28- 30; 1 fig, 5 ref
1988

Are the US markets closed Monday?

Let me repeat another prediction. The big winners this year will be gold stocks and Asian stocks.

Hello All:

I am watching the Canadian dollar for a gold stock buy signal. If I see gold up as it is today and the Canadian $ up also; I think that it would be a sign of "outside" money moving into Canada and mostly into the Canadian gold shares.

Someone posted the other day that HM was way over valued. Is HM one of your "gold stock" picks ?

1998 market holidays:1998
New Year's Day January 1
Martin Luther King, Jr. Day January 19
Washington's Birthday February 16
Good Friday April 10
Memorial Day May 25
Independence Day July 3 ( observed )
Labor Day September 7
Thanksgiving Day November 26
Christmas December25

Very high volume in the major gold stocks this morning.

Any idea what's up with PGU? No trading as of yet.

PGU halted on the TSE

EB: Are you shorting this rally?

Everyone else: As much as I enjoy a rally, I can't help but cringe evry time I see an "in your face" post knocking the bears. Seems like every time we get cocky the shorts kill the rally and we look dumber than dirt. I suggest we wait for verification of a major trend change before we beat our chests too much.

I don't about the rest of you, but my PM stock ( Hecla ) is still way below where it was when gold and silver were at a comparable price on the way down. With lower production costs, Hecla should actually turn a profit despite lower bullion prices, but the stock ( like so many others ) is still doggy. The upcoming quarterly earnings reports should separate a lot of winners from whiners.

Re: PGU:

TORONTO, Jan. 16 /CNW/ - The Toronto Stock Exchange has issued the
following trading halt:

Issuer Name: PEGASUS GOLD
TSE Ticker Symbol: PGU
Time of Halt: 8:35
Reason for Halt: Pending News

James Dines will be the guest market monitor on PBS Nightly Business Report tomorrow JAN 16
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Although it is of little consolation, I as a U.S. citizen would like to apologize for our Government's effect on the Australian economy. Walking around with an open check book and bribing the right people has worked so well in gaining control here, we are trying it on a global scale.

There is no doubt political game is being played with gold.
That game will be sustained as long as Banks are willing to cooperage
in feeding physical gold to a spot market. As it appears they are not
so willing in doing that at this low price. Indicator of this is shortage of physical gold.
Mining companies and shorters are useful for this game in following.
Supply of paper gold is taken care by mining companies borrowing gold from banks and selling forward at higher future price to sustain current production. Miners are paying borrowing cost to the bank plus future obligation to deliver. Actual gold does not leave bankers vault , just a certificate that gets sold on market. Banker is happy to
collect lending interest ( that has been rising steadily ) on gold that otherwise was not producing any income. Banker's gold stays in the vault and is not endangered.
Short sellers are active in selling on the knowledge of this game being played. Lately the tensions are rising in their camp since nobody knows how willing and honest Banks will be in feeding physical gold to the market. They are watching each other very closely.
"FWN reported yesterday fund buying on behalf of Republic Securities - - a division of Republic National Bank, one of the largest gold bullion banks."
The fact that Republic National Bank does this trading through is division and using third party like FUND may be the first indication of rank braking and indication how tight physical gold market is.
We are witnissing gold bouble being blown that in turn may lead to a sudden future price increase.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"as long as I am in power, there will be no devalutaion of the *****"
They all say this ( finance ministers, economic czars ) . They try
their hardest to maintain it. That's why when the dam breaks,
it's a big one. And as men of honor, they resign. Yiwu when I was in Korea last the ex- head of Unesco compared the world's financial position thusly: the world of finance, "is like a circle of thirty six men standing in a circle. Each man has his in the other man's pocket. The only fear I have," my Korean friend paused. He looked into the distance and then he continued: "Is that one of the men in the circle will take his hand out of the next man's pocket and find his hand is empty. At that every man inteh circle will withdraw his hand from his neighbor's pocket and find their hands are empty."
This seems to me to be a kind of parable of our confused times. Certainly, Yiwu the US will go down with everyone else.

Date: Fri Jan 16 1998 10:40
Selby ( ) ID#287207:
Re: PGU:
TORONTO, Jan. 16 /CNW/ - The Toronto Stock Exchange has issued the
following trading halt:
Issuer Name: PEGASUS GOLD
TSE Ticker Symbol: PGU
Time of Halt: 8:35
Reason for Halt: Pending News

http://biz.yahoo.com/finance/980116/britain_fu_1.html

The two traditions seem to follow different- - and revealing paths- -
and focus of different time- streams, the infinite vs the finite

In China, there is a profound library of governance literature, historical concern with the Art of Governance, Public Life Properly Lived...how man properly lives in society...emphasis on STABILITY . For example this:

Xun Kuang attacks the twelve philosophers and the six philosophical positions their theories represent because they confuse the world with false notions of right and wrong and of what produces order and what anarchy. The Chinese terms for "right" and "wrong" ( shi/fei ) embrace not only the moral distinction but also the epistemological distinction between "what is the case" and "what is not the case." Here Xun Kuang undoubtedly means the epistemological as well as the moral distinction since he advocates in his "On the Correct Use of Names" the rectification of names. Like Nietzsche, Xun Kuang had no use for false but beautiful notions that lead to error and anarchy.

My uneducated appreciation of Indian thought is their philosophical
consideration of humankinds place in the Cosmos, the metaphor of the turning wheel comes to mind...an Interior Mind Set to Withstand and Armor against Public Vicissitudes...live life in accordance with proper principles to ascend the wheel...which will keep on turning nonetheless...a very different mind- set from Chinas...

I have read that any peasant, sufficiently graced with brains, might study long and hard and become a mandarin. In India, in contrast, one was born an Untouchable and one WAS an Untouchable because of ones Karma; and there was nothing one might do to elevate his earthly status.

The two positions make the geopolitical possibilities of the countries interesting to contemplate, yes?

And the Chinese seem to have a reality check for grading public officials too- - I find the following particularly appropriate for our situation:

Those who today are called "scholar- official" are base and reckless, given to villainy and anarchy, to self- indulgence and excesses of passion, and to sheer greed. They are offensive and insulting, and they lack any sense of ritual principle or moral duty, except when motivated by the desire for positions of power and influence.

Was this of any help? Or simply more obfuscation? ( :- )

Thanks for the Avid interview. It's interesting that John indicates that CNBC is still mad at him for leaving. Were his bosses that dumb? I can't believe that they couldn't see his leaving as imminent, the way they kind of dusted him under the table for the last few years. Thanks again!

EB's CONFIDENT BRAGGING of yesterday ( 1/15/98 ) :

"Good job on the Maples Spuds. I have said all along that it is the buy 'o the century for the physical...too bad ya' didn't wait though ( grin ) . Whats 25 bucks a coin though, eh? yuk, yuk. "

Spuds response ( at the time ) :

You offering a bet that gold will drop to ( $284- $25 ) = $259/oz? or just squeaking about Blanchard's fee ( which isn't $25 btw ) ?

Spuds commentary:

EB is a little over- CONfident; I've offered to take him up on his bet, but he is .... bucccck, buuuuuckkk, buccccccccck! ( ps - stay away from Hong Kong and Tyson Inc. )

DISCLAIMER: It should be noted that all Market Instruments, trades patterns, charts, systems etc. discussed in ODDS web are for illustrative purposes only and are not to be construed as specific advisory recommendations. Further note that no method of trading or investing is foolproof or without difficulty, and past performance is no guarantee of future performance. All ideas and material presented are entirely those of the author and do not necessarily reflect those of OzSurf Pty Ltd ( ODDS ) . There are risks involved in trading Markets.
January 11 1998
S& P 500 Index- 10th January 1998 - RED ALERT
Last Mondays HIGH ( 5th January ) was most likely the final high in a classic "Edwards and Magee" broadening top pattern. All trend indicators are now pointing south. Price and Time has been satisfied at the last high. The notion that the share market won't fall when interest rates are declining is about to be put to the test. My view is that this market is going to retrace 38.2% of all gains made since August 1982 AT MINIMUM - This gives it a target of 652 basis futures and it won't take long. The danger period is now through to March 3rd. I wouldn't be surprised to see the US T- Bond contract rally 10 basis points to 133 between now and March 25th.
Now is the time to stay liquid and wait for the bargains coming our way. The 1982- 1987 low - low cycle vibrates at 2.000 on the 3rd March.
Remember the 1987 high day to the crash low, a drop of 46% only took 56 days.
If you wish to learn more about TIME & PRICE analysis our next traders seminar is being held on the Gold Coast, February 21& 22, 1998. Email me on: bryceg@qldnet.com.au for details.
All Ordinaries Index ( brace yourself )
If the US Share Market falls over the local market will not be immune. I wrote here some months ago ( before the October crash ) that if September 25th, 1997 was indeed a major top I would expect a bear market to remain in force until about May 8, 1998, this would give it a time span of 1 Venus year ( 225 days ) and 0.786 of the prior bear market time of similar degree. It would also relate to all the previous bear markets since 1980- 82 in strict geometric ratios.
It now appears the correction rally to the October decline is complete!
In the short term Monday 12- 13 January will be a test case for underlying support. A break below 2550 confirms last Mondays high as the end of the big rally. My target zones, on the downside for support are, 2323, 2271, 2224 and 2099. If 2092 goes it will require a completely new assessment of the degree of trend we are experiencing.
GOLD Comex
Everyone seems to be wondering about Gold right now. The next major time cycle conjunction for Gold is February 23rd, 1998. It should be obvious by then what we can expect from this lack luster commodity.

( c ) Bryce Gilmore 1998. No reproduction is allowed without prior written consent given either by Bill McLaren or OzSurf Pty Ltd. For more info please call +61 3 9425 9111 or send an email to info@odds.com.au

'salright EB. Your Monday platinum call *was* a good 'un. Now, I've got to got watch for gold at $259 ( not ) .

Spud away, Oh my!

Ya know it's time ta leave a FOREIGN ( Cape Breton that is ) country when Bill- Hillary and yes even Buddy are startin ta look good~~~~~~

sharefin's post of John Murphy's transcript. In there, he talks about
using trendlines. For the benefit of a newbiew, what is a "trendline?"
Thanks.

Go you- dog- you....GO!!!!!!!!!!

...." honest Banks will be in feeding physical gold to the market".

A tale..........

A distinguished- looking man entered a New York Bank and inquired about taking out a loan for 1000 US Dollars.

"What security can you offer?" the banker asked.

"My Rolls- Royce is parked out front," he said. "I will be away for a few
weeks. Here are the keys."

A month later, the man returned to the bank and paid off the loan, 1050
US Dollars with interest.

"Pardon me for asking," the banker said, "but why a one- thousand US Dollar loan for a man of your obvious means?"

"Very simple," he replied. "Where else can you store a Rolls for a month
for fifty dollars?"


FULL CIRCLE.......now you see it, now you don't..........

Is in hiding....Come out and take yer beating like a man bro~~~~

In the trade I'm in we use 56% silver to solder brass to copper, the flux used is the same thing as boraxo soap, the original stuff, I think it is the lye that cleans silver, anyway it will make the silver joint sparkel , removes most contaminants, would try with one coin to start with as a trial, Take the soap and make it into a paste by adding water, then take a stiff nylon bristle brush, firm toothe brush would work, scrub paste on coin and rinse with water. Goodluck!

Does anyone know what significance, if any, this has regarding RYO?

TORONTO, Jan 15 ( Reuters ) - The following are top headlines from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Report on Business Section:

Witte reveals sale of big Royal Oak [AMEX:RYO - news] stake; disclosure comes as miner enters crucial stage in refinancing talks

At Thomas Cook Sq One Mississauga for $438 x 2 1 oz bars ( J& M )
I like them! They're in my pocket right now!

Thank you for the postings yesterday.
Now I'll start looking at moving my Royal Bank group RSP money market funds into the precious metals fund.

Not only is Cape Breton absolutely gorgeous, but your Cretien ( and even Monsieur Bouchard ) look alot better than those dogs you were referring to earlier.

not...

Ridgerunner - Yep...

Spuds - git yer undies outta yer crack. It is making you do wierd bird sounds... AS I SAID... I will get back to you with a reasonable wager.....it will be a mutual decision and nothing else ( ie. I will not battle you with tit- for- tat, etc. ) .....GIT IT? all said...

re- read RJ's latest post....it says it all....and so will the numbers at EOD.

away...to work...yawn



Puter messing up. Hope to get back 1st of the week. thanx

RJ ...please email me your email address and 800# again. Tks gprice@ibl.bm

A trendline is constructed by connecting a series of descending peaks or ascending troughs on a price chart. The more times a trendline has been touched increases the importance of a break in the trendline.

It can act as support or resistance. This definition was taken from the E Analytics web site at: www.e- analytics.com/techdir.htm. It's an excellent site for those beginning technical analysis, who want an introduction to all of the technical tools available.

Futures Contracts
Updated as of: Jan 16, 1998 @ 11:12 am ET


GC G8 Feb. Gold 2905 +41 +1.4 2966 2865 35.1K
SI H8 March Silver 5760 - 53 - 0.9 5890 5755 14.8K
HG H8 March High Grade Copper 7835 +35 +0.4 7930 7765 71
PL J8 April Platinum 3755 - 131 - 3.4 3850 3745 3.89K
PA H8 March Palladium 24000 - 900 - 3.6 24000 24000 910

PNG at last getting enough water to boil rice.
Plus we gonna cop heaps.
Katrina 380km E of Cairns.
Bigger than Tracy.
http://www.ece.jcu.edu.au/JCUMetSat/aushlast.gif

Hatches battened and aawaiting incoming.

Cable mann: Great. For our US friends who seem to think this is a bit odd or illegal or something- - could you tell us what you had to do to buy the gold. Did you have to show your passport, have your picture taken, leave your finger prints or give your social insurance number? We want to know. Me too since I haven't bought any since 1985.

Sorry for the late response. I am only on during work hours.

There are no restrictions for Canadians owning gold coins or bullion.

In the major cities coins from all countries are available and can be easily sold. There is a spread between sell and buy prices that vary from dealer to dealer. Kitco has buy and sell prices for their products on this site.

The "normal" size for "good delivery" gold bars is the 400 oz bar. There is less of a mark up on these bars than smaller bars and wafers. The 400 oz bar is the accepted size traded between banks and financial houses. In the 80's some people hollowed out some of these bars and then sold them back to the bank. They got caught. Normally on smaller bars the bank looks at the front and back of the bar for signs of tampering. Larger bars from people who are unknown to the bank are apparently x- rayed.

I was not asked to identify myself when I bought and sold wafers. The banks may ask for identification now

I ALWAYS cover my bases. The money ( profit, cha- ching!! ) is IN my account...and ALL my Plat trades are paid for and I am STILL in the game...how did you do spuds with my 'pattern alert' ( two days in advance ) ??

away...ho hum

swattingflies

Today the Yahoo chart for the intra day Dow shows a rise from 7690 to 7765, a 75 point rise in one five minute update period. Can anyone explain what would cause this?

and will refer to it when time permits.

- Any preferred vendors? ( Does Kitco sell these? )
- Any preferences for one vs. half ounce?
- Is ~$15 an ounce over the Kitco price a good deal for 20~30 ounces shipped to your home?
- Will this transaction be reported to the IRS?
- Is it better to mail a certified check, wire the funds, or ?
- Anyone had any problems, like a company sending fake gold, or declaring bankruptcy after they receive your check....

Thanks!

You got to hand it to the gold bears, they are so willing to go into this long weekend short. And after the action we have had this week. These guys have no fear.

They could easily come back from their long weekend with their shorts around their necks. The battle rages on, quiet at 290.6 290.7 level. A uneasy equilibrium, the bears push down, the bulls push uprange bound 290.3 to 291 since 10am. The bears will make their move for down, will the bulls counter them today??

A thrust to 290, it starts anew.

It was a cash purchase - Canadian dollars for 1 oz gold bars. No id needed, no identity given, nothing signed. I got a cash receipt for the purchase showing only the serial numbers, the description, quantity and amount ( $438 x 2 1 oz bars ) . Yesterday's buy back was $392. Lowest sell price was last week at $426. Here's hoping we've seen the bottom.

They were out of Maples, but I didn't want them after I learned they were taxed at 8% PST. Maples were priced at $485.90 CDN including tax.

Current gold production from India is a mere 2 to 3 tonns per annum....

Check out via USGS:

http://minerals.er.usgs.gov/minerals/pubs/country/
... then India, *.pdf files

The principal geological reference, outlining the Archaea and Proterozic rocks and associated styles of mineralisation, is:

Naqvi and Rogers, 1987
Precambrian Geology of India,
Oxford University Press,
New York, 223 pages

I would suggest that India has equal potential to Western Australia. For example, the Kolar Mine has a reported gold resource of 50 000 000 tones ++, 800 tonnes gold+. It is a giant ore deposit, on par with the Golden Mile here in Kalgoorlie.

Aye, Haggis

Haggis__A ( India...............GOLD POTENTIAL ) - Your commentary:

THE GOLDEN PARADOX : I N D I A

"India is the world's largest consumer of gold, but does not produce any
gold of its own".

NOT TRUE.........................."

Haggis, ol' buddy, POTENTIAL "AIN'T" THE SAME AS PRODUCTION, therefore
your remark, "NOT TRUE," is indeed NOT TRUE. India is and remains
THE GOLDEN PARADOX : I N D I A

Getting too wordy with posts.
The banks may ask for id but the smaller financial houses are not likely to need it unless they think the gold might be stolen. Records are not supplied to the government unless they are audited which is a very rare occurrence and there was mega bucks involved. ie more gold than you can carry. I'm a bit curious about the question of id though. Why would it matter if the did ask for id?

Try Jefferson Coin - 800- 593- 2585 Ask for Russ Savage. Solid, honest and dependable. IMHO

oldgoldpanner: Cableman says no ID needed for wafers at Thomas Cooks. I think the ID question has to do with capital gains reporting should gold go up and the gold sold.

oldgoldpanner: Cableman says no ID needed for wafers at Thomas Cooks. I think the ID question has to do with capital gains reporting should gold go up and the gold sold.

With respect -

The key issue holding back investment in gold mining in India are the current Mining Laws. They are presently being reviewed by the Indian Government, and at until such time as they have been redefined not alot will happen. When they have been redefined, the "Bhoys" from Western Australia will be in like Flyn.

India is NOT a Paradox .................

By the way, Saudi Arabia has has an Archaean Shield with Greenstone associations. It too has gold potential!

Thanks for the info

Silver coming back....

er...go gold

I understand now, that you were just running your mouth & swaggering.

Either you stand by your words, or you don't.

Oh My!

Check out Kitco sell prices on bullion coins.
You can access from bottom of this page.

If your an U.S. citizen and you purchase coins outside the border, the dealer will ask you for your soc. sec. # for shipping reasons, so if you concerned about privacy this maybe something to keep in mind.

Thanks for your 10:51. Very thought provoking, so I shall think. In the mean time, I might observe that Karma has a certain philosophical relation to the Western notion of "grace" in the present millenium and to fate in our Greek roots. Karma is in a way more modern in that it contains the imperative to do good in your present existence, while the doctrine of grace required our forefathers to sneak in their work ethic by viewing hard work as a sign of grace. But I must think and explore. I think it is worth while to try to understand cultural predispositions in looking at how China will fare relative to India and others in the fast changing world upon us.

If you have numismatic value coins ( non- bullion ) DO NOT
CLEAN THEM!!! It used to be ( Decades ago ) acceptable to
clean a coin, but now you would lose SERIOUS value if you
chemically cleaned or brushed the coin. See a reputable
dealer and get their opinion on this too.
If you are holding bullion, Hell, go ahead and clean it,
you probably won't scrape off much metal and the weight
might remain the same....might....

Haggis
Unfortunately Townsville is looking at another devastating wet and wild week.
After their last downfall, they don't deserve it.
I think they got close to 3/4 of a metre last weekend.
This one will make that look like a tropical shower.
Time to shift the computer in off the verandah.

I did a lot of work at Ravenswood and Charters Toweres in 1996. The area had gone through a 5 year drought. You could stand on top of the Burdegin Dam, now you would be washed away ......... so it never rains but pours?!

sending John Glenn a lucky gold piece from all of us at Kitco. Talk about getting some press for the noble metal. What do you think? He could take it on his Shuttle Flight.

Glenn: Any comment why Bart's spot silver price is HIGHER than quote.com's march silver quote?? I've heard of backwardation but this seems a little wierd.... This was also happening yesterday... Any insight on this would be appreciated. Thanks!

Spuds...

I have a good wager. I bet that I profited ( at least ) TEN times what you did last year ( '97 ) on our PM 'investment/speculations'. TEN TIMES. And my bet is TEN winks ( maple, vp, , don't care ) . Sound good??

Regardless of what I said yesterday or last week or last month. Regardless of how I sqwack like a Leghorn. Regardless if I am wrong about gold making ANOTHER bottom. File all of that. Let us make this wager. Sound good??

I must rush to work now so I will read your response tomorrow ( Saturday ) ...I can't play with you tonight ;- )

away



Strad Master- - Let's see. 08:59 eastern is 05:59 your time, right??

Anyone know the est. closing time today?please post.

Haggis
They said the other day that the Burdiken Dam is 160% full.
They have the floodgates open but it is filling faster than it can empty.
Now it's going to get another top- up.

Our OZ SPI has just broken through 2650 resistance.
Are the equity markets getting a leg- in for a final rally?
Or is this the last bull trap?

Just like this could be the last bear trap for "my precious."

.. until the glass breaks in under the onslaught. Stand yer watch, man!

INDIA, particularly southern India, has long been known for its gold production, where in ancient times much gold was won from eluvial and alluvial placers and from oxidised outcrops of viens. Diodorus Siculus, in his "Bibliotheca historica" written in the first centuary B.C., says that in India the earth "contains rich underground veins of many kinds, including many of silver and gold ...".

During the classical period, the Romans are recorded mining gold in India. Allchin ( 1962 ) reviewed the evidence of early gold mining in India, and he concluded from archaeological and C- 14 dating that placer mining in India was widespread long before the Christian Era. The Hutti and Kolar gold fields appear to have been first prospected and mined at this time.


Allchin, 1962
Upon the antiquity and methods of gold mining in ancient India.
Jour Econ Social History of the Orient 5 ( pt 2, 197 ) :196- 211

Now, the large ancient gold deposit at Kolar in Karnataka in southern India forms a "belt 10 km long, 2 km wide and 3 km deep hosted by thoeiitic and komatiitic amphibolite with interbeds of BIF, sulphide and graphite schist and meta- pyroxenite - an Archaean greenstone sequence.

Drawing a parallel with Kalgoorlie, a revision of geological and mining practice from underground to open pit mining could be undertaken.

Kolar, and other areas, have got significant potential. They are not mined out!

- - - Question emailed to Steve Kee ( Senior Media Specialist )
Marketing and Communications

Dear Steve,

Is there a scheduled time when the news release for Pegasus Gold will
occur?

Will trading on PGU resume right after news release?

Thanks for any information you can give concerning this matter.

- - - - - - - - - - - - - -

Response...

I understand there is a news conference at 230pm.
Depending if the company puts the news release out on a
full- text wire service....a decision on a re- opening would
then be made.

Steve Kee
Senior Media Specialist
Marketing and Communications
The Toronto Stock Exchange - http://tse.com

Steves specially edited: NEWS VIA AUSTRALIA

BREAKING STORIES:

RADICAL ISLAMIC FUNDAMENTALISM FIRES UP
http://www.jvim.com/IntelligenceBriefing/jan1998/islamic.html

Russian Update
http://www.jvim.com/IntelligenceBriefing/jan1998/russia.html

A New Economic Order is coming
http://www.jvim.com/IntelligenceBriefing/jan1998/cover.html

Airlines cannot Y2K Bug in time ( Jan 15th article )
http://www.jvim.com/cgi- bin/update.cgi

Behind Hashimoto's Remark on Dumping U.S. Treasuries
http://www.japanecho.co.jp/docs/html/240506.html

Asian crash will test Wall Street
http://www.brw.com.au/brw31.htm

Japanese Communist Party gaining ground with jaded voters
http://www.smh.com.au/daily/content/980117/world/world9.html

Deflation: Strategies to cope with it
http://www.afr.com.au/content/980117/smart/smart1.html

'Go south' push on as ASEAN goes west
http://www.afr.com.au/content/980117/world/world4.html

Why Peregrine fell over
http://www.afr.com.au/content/980117/world/world5.html

China still haunted by devaluation
http://www.afr.com.au/content/980117/market/markets4.html

IMF - Now for the backlash
http://www.afr.com.au/content/980117/perspective/perspective1.html

Why the world is watching China
http://www.afr.com.au/content/980117/perspective/perspective2.html

IN REVIEW:

Soeharto yields to IMF
http://www.afr.com.au/content/980116/world/world1.html

US to convene more financial plotting & scheming
http://www.afr.com.au/content/980116/world/world2.html

South Korea pleads poor on US bail- out
http://www.afr.com.au/content/980116/banking/banking2.html

Crisis may eat Asian chips
http://www.afr.com.au/content/980116/inform/inform1.html

Agricultural exports to South Korea grind to a halt
http://www.smh.com.au/daily/content/980116/pageone/pageone11.html

Profits of arms manufacturers will far due to Asian cancellations
http://www.smh.com.au/daily/content/980116/world/world2.html

Results indicate Gold oversold
http://www.smh.com.au/daily/content/980116/business/business8.html

Banks move on the Asian crisis
http://www.afr.com.au/content/980115/news/news1.html

Asian blowout feared for European car makers
http://www.afr.com.au/content/980115/world/world3.html

Asia a worry for German banks
http://www.afr.com.au/content/980114/banking/banking5.html

IMF blames sloppy banking for current crisis
http://www.theage.com.au:80/daily/980112/bus/bus5.html

Japan economy stalls as confidence wanes- - MOF head
http://biz.yahoo.com/finance/980112/japan_econ_3.html

Recession alarm bells ring
http://www.smh.com.au/daily/content/980114/pageone/pageone6.html

Japanese PM queries bank debt blowout
http://www.smh.com.au/daily/content/980114/world/world3.html

Sick NZ current account infects $A
http://www.smh.com.au/daily/content/980114/business/business2.html

MIM at 20 yr low - how low can they go?
ttp://www.smh.com.au/daily/content/980114/business/business7.html

Plug in for Power at the Supermarket! What next?
http://www.afr.com.au/content/980114/news/news3.html

Farm Debt on the rise AGAIN! Watch out for those interest rates!!
http://www.afr.com.au/content/980114/news/news2.htm

NZ fears Asian Crisis & Australian flow on
http://www.afr.com.au/content/980114/world/world2.html

Aussie Property Trusts lead the field in Yields
http://www.afr.com.au/content/980114/market/markets3.html

What if the US Dollar just keeps on rising?
http://www.gold- eagle.com/gold_digest_98/ackerman011298.html

IN REVIEW:

Peregrine Merchant Bank - An Asian Chicken coming home to roost
http://www.smh.com.au/daily/content/980113/pageone/pageone2.html

Foes of IMF plan rally to fight Clinton
http://www.smh.com.au/daily/content/980113/world/world1.html

Central Europe suffers emerging- market flu
http://www.afr.com.au/content/980113/world/world3.html

Delinking HK dollar a different ball game
http://www.afr.com.au/content/980112/world/world3.html

Taiwan prepares for yuan's fall by June - - just in case
http://www.afr.com.au/content/980110/world/world3.html

Doubts over use of RBAs TWI in measuring balance of Trade with Asia
http://www.afr.com.au/content/980110/news/news1.html

Indonesian food panic the worst since 1960s - IMF, US to rescue Rupiah
http://www.afr.com.au/content/980110/world/world1.html

Over 90% of Indonesian Companies technically bankrupt
http://www.yahoo.com/headlines/980109/international/stories/indonesia_2.html

HOW EXOTIC DERIVATIVES TOOK DOWN KOREA'S ECONOMY
http://nypostonline.com/business/2439.htm

MAHATHIR'S ECONOMIC THUNDERBOLT OUT OF THE BLUE
http://www.gwb.com.au/gwb/news/onenation/mahat.html

Soros to do Korea over again - softened up for the kill
http://biz.yahoo.com/finance/980105/korea_soros_picture_1.html

Deflation fears take bonds back to the 60s
http://www.smh.com.au/daily/content/980106/business/business1.html

GREENSPAN DEFLATION SPEECH: Problems of Price Measurement
http://www.afr.com.au/content/980106/verbatim/verbatim1.html

After 15 years the bulls are looking for a break
http://www.afr.com.au/content/971230/invest/ivsuper.html

Reproducing the 1930s
http://www.smh.com.au/daily/content/971227/world/world1.html

Mid Level Officials lobbying for Chinese Devaluation!
http://www.afr.com.au/content/971219/world/wwashington.html

BOOKMARK Steves News Page:
( Courtesy of Colin Seymour )
http://www.users.dircon.co.uk/~netking/blizard.htm

Thank you for Jefferson Coin tip. How long did it take for your delivery of coins? I was quoted 8 wooking days after personal check is recieved. This is the shortest delivery time I have ever seen.

I'm all in! GO GOLD

Email: steve@compsb.eepo.com.au

Interesting that Clinton is off to have a legal "chat" with
Paula Jones. Looks like everything is going to fall apart in 1998!
Except for Gold!??

Steve

SHAREFIN.........

It must be 4:30am in Cairns, you should be asleep.

It is now 1:30am in Kalgoorlie...........Good Nite !

VRONSKY....do a wee bit of reading and come back to me. If you want to know anything concerning gold exploration, development and mining - ask me, and I will be more than happy to point you in the right direction.

Aye, Haggis

long weekend.....

HAGGIS: By your own addmission: "Current gold production from India is a mere 2 to 3 tonns per annum...."

Yet India is the Numero Uno buyer of gold in the world. I saw some recent estimates that India may be buying 700- 800 tonnes annually. Relatively speaking then, India produces zilch vis- a- vis its humongous hunger for the yellow.

That it has POTENTIAL FOR GOLD PRODUCTION was not relevant to the posted report. Nonetheless, it is an interesting area for exploration... so why don't you continue to exlpore it, and subsequently produce a report for us all - and GOLD- EAGLE will post it to 107 countries.

If I had that Cyclone bearing down on me, I'd be staying up too!
But it's not, so I'm off to bed. 1.40 am Perth time. Big day today
Hope the latest newslinks are of some interest. The show isn't over
until the fat lady sings. Steve

I love these American jokes .............

Did you hear about the American who was in a Scottish pub and paid for
his drink with a fiver, then left forgetting to collect his change. As
he walked down the street, the publican could be seen frantically trying
to attract his attention by knocking on the window with a sponge.

F.J. Vollmer ( 800 ) 447- 8368

National Gold Exchange ( 800 ) 969- 2646

Jefferson Coin and Bullion ( 800 ) 877- 8847

Dillon Gage ( 800 ) 375- 4653

These are all reputable coin/bullion dealers in the US with large inventories and close buy/sell spreads on prices.

COMPARE PRICES BEFORE YOU BUY TO GET THE BEST DEAL!

Nice little bump up today.

What level will we have a breakout, 305 or 325?

Even with a retracement, the movement in the last 24hrs. very positive, have not shown this much strengh in some time!

When was it the last time gold was the only p.m. in the green.

In simple Glaswegian patter...........

The Indians couldn't tell their arse from their elbow. Someone else will, eventually, make the money! So far, it has taken them at least five years to "review" the mining laws............ it goes on and on.......

It's like saying the Americans are sitting on a whole nuclear arsenal - it does not mean that it is going to go off?!

"My own admission" - is not mine, it is a documented FACT. The USGS.

Go and read the FACTS. That is the point of giving you the references.

@Remember ANOTHERS words. the CB's/powers do not want Gold under 280! So far he is pretty well spot on. Sure is starting to smell like a Bottom.
Gold stocks also reacting well.

Congratulations on your new acquisition!!!!

I'm somewhat jealous being here in the states ( paying premiums ) and unable to get to Totonto till the Spring. I'll be saving some cash thought for a major purchase - - - hope to beat the upswing ...

http://www.usgs.gov/

In case you have not noticed, I am an Exploration Geologist. I will give you bits and pieces, but there is no way on earth that I will give you the "full" story. I am not interested.

Read the references, and add it up .............

Exploration Geologists do not work that way ....... Journalists and Information Providers do!

Allan
I'm standing at the bow gazing into the future. As always.
This track says Katrina to land 100km south of here.
http://www.solar.ifa.hawaii.edu./Tropical/GifArchive/KATRINA- 98.gif

The Tsunami draws closer.

And the shoeshiner just gave me the hottest tip.
Buy GOLD and ibm and asia.
Guess he's got 1 in 3 chances.
Off to my broker.

What's a goin' on here at the Kitco Corral! Oooowwwwww! ( James Brown ) Bewildered.....Oooooowwwwww! ( James Brown )

Down in Fla a bartender had a BIG sign- Says FEE LIQUOR. when he had a problem, he turned it on. Cajun came for the juice. Bartender put a 1/2 gal in front of him , said let me know when you're done. Cajun finished and bartender said I got a shegator out back with abcessed tooth. Granny is upstaiars horny as a toad. Can you handle it. Cajun gets up and goes out back. One hell of a racket. Bartender says I lost another one. Then here comes cajun in back door with gator alongside just like apuppy.Cajun says- - now where's that woman with the abcessed tooth.

Rumor has it that Kinross just bought a large amount of Gold at these prices .Boods well for the near future.Barrick has to do something in the near future with their hedge.

Comments

Trasin halted, I wait with glee and anticipation, Pegasus shares are the only Gold shares I'm holding at moment. A pure spec. play, if the announcement goes our way, look out! ( Why do they have to do this just before the weekend? I wanted to see a quick 4 houe spike up so I could sell.. )

Course if it's liquidation, it'll be the first bad LGB call here and I'll be in mourning for a week....

"Seoul composite" of South Korea has picked up more than 40% increase in a matter of a few weeks only.

Both the Hang Seng ( Hong- Kong ) and the Nikkei 225 ( Japan ) are up more than 10% from their Monday's early morning lows!

What a week in Asia...the worst may be over and more substantial gains on the horizon?

Some emotional "analysts" have a different view on things though:

Date: Sun Jan 11 1998 21:05
Puetz ( bpuetz@holli.com ) ID#222167:
The s**t just hit the fan. Hong Kong opens down nearly 1000
points. Wanna know the next crisis point - - Hong Kong!

The crash has begun!!!!

Maybe your subject should read ...big gains commin? instead of ...big gains commin! I too have a pretty good speculative position. Hope it goes our way.

what a suckers rally!

just 2 weeks ago the world was beginning to melt- down.

in that short time frame, the currency crisis has been resolved...
hee...hee....heee....

time for more puts....beans, bonds, curriencies ( euro ) , equities....
this up- tick is a buying opportunity for what is inevitable....
i've become a dippity- doer......in reverse....

'for every action, there is an equal and opposite reaction' in

the high- riding dollar is fixing to lose its' status........
the collapsing curriencies ( asia ) WILL SEVERELY IMPACT the entire world...
patience..........it is coming........slowly and in- exorably...it comes..
exports will come to a screeching halt.......
production will cease, and economic chaos and flux will
reign supreme.....it is a cycle.....it is time for the other
side of the coin......un- certainty......un- rest....chaos and
flux....the be amux us all.........

listen to your eyes......they are talking......

gold is also bound by these same natural laws of nature.......it will
fly amongst the eagles again........as it should be.......it is close also.....

al greasy- spam just got through praising jesse ( you owe blacks ) jackson
for his diversity program on wall street.........aaaarrrrggghhhhhhhh..
mr affirmative action and the naacp....another sig......fractionation..
and reverse discrimination......aaarrrrgggghhhh....time for a naawp??

damned right.........sig's suck ( especially minority sig's )

cherokee!;- - a- majority- holder- of- the- american- dream...

My understanding of bullion coin transaction requirements, ( based on research last evening ) is that any transaction over 25 ounces, ( by the seller ) must be reported. Does this square with your understanding?

Also, I don't believe that I would agree on Vp's, Maples, Krugs, etc. being exempt from confiscation, should one occur someday. The Govt. would consider them bullion, not Numismatic, regardless of country of origin.

As to spreads and premiums, during the Gold run ups we had in 1980, and again in the late 80's, premiums on "Saints" went up, not down. Those who bought low and sold high, made far more on their Gold "Saints" ( and Liberties ) than the bullion coin sellers did given the same dollar volume, and buy/sell dates.

Of course I have some Numismatic bias, and I don't believe the "Old Gold" is for everyone, but overall, the Numismatic Gold does provide an extra layer of confiscation safety, and a double barreled way to gain from a bull market ( with potential to gain, even in a bear market ) .

They're not minting any more of the "Saints" and never will. It's a finite supply that will ultimately be chased by a larger and larger pool of buyers. In an "up" market, look out!

I sold half my "Saints" a couple months ago when they went UP in value even as Gold had fallen $25. I'm now going to buy them back and a few more, within the next week now that I do believe the bottom for Gold is in, ( or certainly close enough )

Cross yer fingers...I don't usually make these kind of wildly speculative plays..here's to hoping

They are excellent on delivery. I wire the money in and my shipment leaves them usually the day after. The latest they ever shipped was two days late, but to be fair it was around the holidays.

If you want to speed things up you can send them a cashiers check.

In the boomin Silicon Valley where I live, and can hardly get to work from the job created gridlock, we had several reports on the AM news that some massive layoffs are in the works at Seagate ( disk drive Manufacturer ) , and several other locally based companies. Boeing will be losing at least a third of their anticipated new orders from Asia I understand.

We may be seeing some early fallout from Asia. Percursors of the slowdown ahead. It's why I'm out of the stock market waiting for a good downturn over the next few months before I get back in. I'll wait and see just how prologned and deep the pullback becomes...wait for the turning point, before getting feet wet again.

Stagflation in the coming 1999 pre election year is in the works. Money supply to get pumped and pumped again.

No I havn't become a Gloom & doomer dammit! I don't see a crash. Only the inevitable downturn cycle that we must ride out ( hopefully in style )

EB: Bets 10 to 1 against me that gold reaches $259/oz sometime in 1998.

Payable in 1/10 ounce Maple, OZ Nuggets or American Eagles.

EB wins, I send my one wink.
Spud wins, EB sends ten winks.

Is this correct, EB?

Spud

ps - glad to hear you're playing with someone other than yourself.
Oh ( cough ) my...

Whassup wid Platinum? Did the Russkie's announce a deal with Japan? Whoever is poundin my Platinum AE's down is gonna pay dammit! Who we gotta ax about this? RJ?

THE GOLDEN PARADOX: INDIA

India is HOT NEWS TODAY! Various world sources have commented on the Indias Central Banks ( Reserve Bank of India - RBI ) decision to make GOLD an important part of its monetary system. Although international experts seemed overtly careful not to mention the term, it all smacks of a return to a GOLD STANDARD.

Although all will agree India it not one of the worlds financial powers, there are two factors which justify the RBIs decision to liberalize gold ownership. Firstly, it is by far the second most populous country in the world - about one billion - close on the heels of China. Secondly, India is the largest GOLD PURCHASER IN THE WORLD. Therefore, India asserting leadership in returning its monetary system to a GOLD RELATIONSHIP is understandable.

Some months ago GOLD- EAGLE posted a very interesting report by an international expert on the India scene. And in light of recent announcements, the essay garners new importance and relevance. Its title is THE GOLDEN PARADOX: INDIA.

Could India lead the world back to a GOLD STANDARD? To read the report, copy & paste ABOVE URL to your Internet call- up window ( Location or Go To ) , then hit ENTER.

They have the best prices and fastest delivery of any company mentioned here plus they have a daily 3 hour radio show

Claimholders earlier post is precisely correct. If you have common date Walking Liberty Halves, Morgan dollars, Mercury dimes, etc. cleaning them will render them immediately worthless for anything but bullion melt value.

COllectors want only original condition coins, unaltered in any way. Th e"brilliant uncirculated" coins, especially get unfortunately abused in this manner. An expert coin grader can eaily tell, not only whether a coin has been cleaned, but even whether it's EVER been touched ( on the obverse or reverse face ) by human hand or by even the lightest wipe with a cloth. Such coins will not even be graded by the coin certification services. They come back in a "body bag" with a note, ( and you still have top pay full price for the service! )

Thos eof us into Numismatics, learn this lesson very quickly. Never touch ( except on the rim ) and NEVER clean a Numismatic coin, unless you don't care if it loses all it's Numismatic value.

Cashier checks and wire transfers I hear are reportable to IRS so I send personal checks. With the help of your tip, I am all in now and will not be buying any more coins. You saved me some time and money with Jefferson and I thank you.

I just back. kitco shows gold 290.80 +5.00 and gc8g is at 291.100 with no volume. Last trade at 13.20:02 sttl. Futures closed ??


and Kitco just didn't turn red??????

Looks interesting on the recent GIF ( with path tracement ) . Wonder if it will return to its origin ( 01/03 00:00 ) and is path develop into a strange attractor pattern? Now that would be a neat trick. Almost like a sentinal guarding your coatsline from invading foreign navies! Otherwsie just a storm ;- ) Stay dry good buddy!!!

day it is now. If the meltdown occurs at +476, are you going
to come on the site crowing about how you called it first?

BDV - Destroyer of outstanding writs. Standing on Cherokee's head to push him farther down in the mud.

Front - Exactly what problems, pray tell, have I caused on other sites?
Which other sites are you refering to? Did I cause problems for prevaricators on other sites? For know- nothing blowhards on other sites? For misguided idiots on other sites? Who was right and who was wrong
on other sites? How does the price of gold last year force you to
respond, independent of how you feel about me?

Bart claims that I was kicked off initially because
85% of respondents to his call for e- mails if people supported
letting me stay on the site were negative. This raises two
questions:

1. Bart called for people to send him e- mails ONLY if they supported
allowing me to remain on the site. Thus, the people who sent
him e- mails calling for my removal didn't understand the directions
( not surprising ) and therefore should have had no influence on
Bart's decision. Either Bart had already made up his mind to
evict me and was looking for last- minute reprieves or overwhelming
evidence that he was misguided OR there was some vote that I wasn't
aware of and that Bart didn't make people aware of and that was
not conducted according to any known rules of how to run a proper,
fair election ( was there ballot stuffing? were all voters registered? ) .
If the latter, then 17 out of 20 peop

LGB
They don't panic, they just rush from side to side.
At the moment there are more on the buy side of the ship.
Next they'll rush over to the sell side of the ship.
Everytime the cross the middle they get a profit.
The more there are who want profits,
The more they'll rush from side to side.

One day there will be too many on one side.
And it won't be the buy side.

When they are all selling,
And there is no one on the buy side.
Water will start to lap over the edge.
And then they'll panic.

And then the Titanic will just roll over.
With the stern rising vertically above the water.
Charting the way to the depths.
Afterwards when recalling the event.
We will call it a crash.

At the moment.
Crash- up?

day it is now. If the meltdown occurs at +476, are you going
to come on the site crowing about how you called it first?

BDV - Destroyer of outstanding writs. Standing on Cherokee's head to push him farther down in the mud.

Front - Exactly what problems, pray tell, have I caused on other sites?
Which other sites are you refering to? Did I cause problems for prevaricators on other sites? For know- nothing blowhards on other sites? For misguided idiots on other sites? Who was right and who was wrong
on other sites? How does the price of gold last year force you to
respond, independent of how you feel about me?

Bart claims that I was kicked off initially because
85% of respondents to his call for e- mails if people supported
letting me stay on the site were negative. This raises two
questions:

1. Bart called for people to send him e- mails ONLY if they supported
allowing me to remain on the site. Thus, the people who sent
him e- mails calling for my removal didn't understand the directions
( not surprising ) and therefore should have had no influence on
Bart's decision. Either Bart had already made up his mind to
evict me and was looking for last- minute reprieves or overwhelming
evidence that he was misguided OR there was some vote that I wasn't
aware of and that Bart didn't make people aware of and that was
not conducted according to any known rules of how to run a proper,
fair election ( was there ballot stuffing? were all voters registered? ) .
If the latter, then at least 17 out of 20 people ( if the percentage is exactly 85% ) voted for my ouster in this sham election. Does Kitco
even have 20 different individuals that post? Did non- participants
have a vote?

2. Why do you want to kick off or chase away someone who has
demonstrated a remarkable ability to call the direction in gold,
giving both numbers and dates, and advise people correctly about how to invest in gold? Are you scared? Are you stupid? Is there another agenda at this site that is only known to the "chosen"?

Gold glitters on Asian stocks rebound


LONDON, Jan 16 ( AFP ) - Gold prices rose sharply early on Friday
in the light of strong gains on stock markets across Asia and
technical trading, analysts said.
Prices on the London bullion market rose by 4.2 dollars to
288.55 dollars per ounce.
Gold bounced back on concerted gains in Asian stock markets and
a rise in regional currencies against the dollar. Investors
responded to an easing of recent turmoil on Asian markets.
Analysts said that a rally on Asian markets shielded investors
from further "distress sales" by Asian investors seeking to cover
their losses on regional markets.
The US Comex market will be closed on Monday and investors have
been buying gold contracts before the long weekend, an analyst at
Union Bank of Switzerland ( UBS ) , Andy Smith, said.
GNI trading house said that central banks would not seek to
off- load gold reserves while prices were so low.
Gold also received a fillip from platinum prices which have
risen throughout the week on fears of a supply shortage in the
absence of an export agreement between Russia, the dominant
producer, and Japan which is a key consuming country.
Platinum prices remained at the high level of 384 dollars per
ounce.

Well, as some of you may remember, a few days back I said that I need more established trend, stability in Asia, and $US going down to differentiate this rally from "suckers rally". Things have been shaping OK so today Ive cautiously put my first $50K into PM mutual funds. Using my own MM historical data, this, without a doubt, will trigger at least 20% drop in all gold related investments.

There you have it, dont complain that I did not warn you, and remember youve heard it first at Kitco!! ;- )

Lets not get too excited about PMs. It looks like people are not buying just gold today, theyre also buying other stocks, bonds, and other stuff. Check out the other indexes:

http://personal31.fidelity.com:80/82DEV/the_hub/html/indexes.html

day it is now. If the meltdown occurs at +476, are you going
to come on the site crowing about how you called it first?

BDV - Destroyer of outstanding writs. Standing on Cherokee's head to push him farther down in the mud.

Front - Exactly what problems, pray tell, have I caused on other sites?
Which other sites are you refering to? Did I cause problems for prevaricators on other sites? For know- nothing blowhards on other sites? For misguided idiots on other sites? Who was right and who was wrong
on other sites? How does the price of gold last year force you to
respond, independent of how you feel about me?

Bart claims that I was kicked off initially because
85% of respondents to his call for e- mails if people supported
letting me stay on the site were negative. This raises two
questions:

1. Bart called for people to send him e- mails ONLY if they supported
allowing me to remain on the site. Thus, the people who sent
him e- mails calling for my removal didn't understand the directions
( not surprising ) and therefore should have had no influence on
Bart's decision. Either Bart had already made up his mind to
evict me and was looking for last- minute reprieves or overwhelming
evidence that he was misguided OR there was some vote that I wasn't
aware of and that Bart didn't make people aware of and that was
not conducted according to any known rules of how to run a proper,
fair election ( was there ballot stuffing? were all voters registered? ) .
If the latter, then at least 17 out of 20 people ( if the percentage is exactly 85% ) voted for my ouster in this sham election. Does Kitco
even have 20 different individuals that post? Did non- participants
have a vote?

2. Why do you want, why would Bart want, why would anybody want, to kick off or chase away someone who has demonstrated a remarkable ability to call the direction in gold, giving both numbers and dates, and advise people correctly about how to invest in gold? Are you scared? Are you stupid? Is there another agenda at this site that is only known to the "chosen"?

I am civil to people who are civil to me. I didn't start this fight. The person who said I had my head up a cadaver's butt when I first
started posting started this fight. I've known a lot of cadavers.
I've never known them in that way. Cadavers are good people, albeit dead ( and stinky if not embalmed properly ) . If cadavers were alive, I am
quite sure that they would not allow some unknown person to put their
head up their butt. I am quite sure that their family would not
approve of it, not would our court system.

I sure as hell am never going to back down from anyone who throws unwarranted punches. That goes double for people who throw unwarranted punches and are consistently wrong on calling the market. So just
ignore me, because you are barking up the wrong cadaver's butt on
this one.

Bernatz: You have made several good gold calls but I'm interested in your take on the Dow ( say 6 months from now )

Futures Contracts
Updated as of: Jan 16, 1998 @ 2:02 pm ET

GC G8 Feb. Gold 2911 +47 +1.6 2966 2865 35.1K
SI H8 March Silver 5783 - 30 - 0.5 5890 5755 14.8K
HG H8 March High Grade Copper 7725 - 75 - 1.0 7930 7715 71
PL J8 April Platinum 3746 - 140 - 3.6 3850 3730 3.89K
PA H8 March Palladium 24000 - 900 - 3.6 24000 24000 910

Just becaused I am trying to catch up. This is futures close.

Wonder about kitco's numbers ??? Are they valid for all pm's including paltinum??

Also what is status on PGU?? Bad news???

or is my fukin ISP again....huh?

I am working up some waxes based on ceremonial objects made of pure gold referenced in the Torah ( Five Books of Moses ) . I will cast your gold for a fee. I cannot imagine the government being willing to confiscate religious ceremonial objects. Maybe I will do limited edition series and sign them too.

Steve@familyjeweler.com
http://www.familyjeweler.com

hep- kitty- - bernatz ( il fait du vent ) de venta- - - -

just had to foam at the mouth and tug on super- man's
cape did'nt ya.......bad, bad boy.....remember who, and how,
you were swatted last time......be nice....

the counting stopped at +9 ( jan9 ) .......the largest one day drop
in history......close enough......called the second largest
drop with- in a week........close enough......

btw.....the recent record sell- off was the beginning of the
stock bear.......no more, no less........

as earl would say.......what's yer point?

i never crow......i fly like an eagle...steve miller.....
no need to crow.......

the reward comes from giving...........

that is the key to receiving!

'for every action, there is an equal and opposite reaction' sir isaac n.

now, i give to you..........peace......let the lion lay...he has no
time to play.......

your knowledge can be beneficial, give it freely, you will grow
and flourish in ways you cannot conceive....take the first step....

time will tell on the calls......the crow will not fly......this is
eagle food........eagle ba!!s bigger than life.....where's a cactus??

cherokee!;- - - trying- to- scratch- what- cannot- be- seen- - - - - -

Cape Breton IS beautiful but the society- people ( one + the same ) are hopeless MORONS....Get a life dude~~~~~~~

Too bad the 'flesh eating disease' didn't EAT his brain~~~~~~

A bear market is no easy thing for most ( little ) people as they wake up only at the bottom and then feel pretty abused. You lump alot of people under the 'gloom and doom' label and include 'crash' in that cassarole. If you are in margin, have second mortgaged your house, etc, etc and the bear bites and drives you into bankrupcy, I'd say you would probably feel that crash or no crash you would be feeling alot of 'doom & gloom'. Like alot of things in this life it all looks different from where you stand. You are high and dry. Many people are going to be toasted, whether it comes as a suprise or a series of disappointments and false hopes.

You are smart money and smart money is out. But there is alot of dumb money and it is in deeply. When it comes down ( however it does come down ) , go tell them it is not 'doom& gloom'. But first wear your Kevlar body armor, eh ;- ) .

How many people in your area are barely holding on to their over- mortgaged, over- valued homes, tentative jobs & risky stock investments??? Alot I'd presume. They will go bankrupt. Regardless of the technical description of the market's behaviour, the reason for their job losses or the like it will be a very bad situation. Alot of people will be a hurting mess. For many it will be the destruction of their acheivements and dreams of their lifetime to date. What consolation will you give to them???

FWIW in the Y2000 department, look at Steve- Perth's earlier news listing where IBM and International Air Traffic Controllers say ".. the screens went blank .." and ".. there is no way we can fix this in time .." pertaining to the entire *US Air Traffic Control* system. This is the first major reality- check anouncement on the 'air' side of things. Having followed the saga of the FAA's attempt to produce a replacement system a few years ago ( a 10+ year failed effort ) I seriously doubt we will see air traffic after 2000 ( in the way we are accustomed to these days ) . D& G? Well, I'd not plan on flying any time after that.

And why were we counting down to it?

I can start with any number and count down if
there is no definition of the import of what
I am counting down to. I could count down
the the premier of the largest- budget movie
in history or the 73rd anniversary of the
invention of the Wet- Nap. What does that
have to do with who gets accorded respect
at a gold site? And what exactly are you
planning to do to quiet me down?

see... http://biz.yahoo.com/bw/980116/pegasus_go_1.html

My husband said that from all the famous psychics in the USA,
only Sean David Morton has 100% accuracy rate about Stock Market trends.
My husband wish to pass to you that this scientist/psychic said on Dec- 29- 1997 that:
...now is the time to buy GOLD.
Sooooo Faaaaar he is correct.
I listened to that interview at:
http://ww2.audionet.com/artbell/archive.html#dec97
Click on Dec- 29

http://www.theage.com.au/daily/980117/bus/bus7.html

Date: Fri Jan 16 1998 14:33
Frustrated ( PGU...not good news... delisted ) ID#298259:

Sorry to hear that. Hope your not holding it.

Any ideas what they are going to do with the XAU. Leave it in ??? Would not think so. Just drop it and not add a new company? Or add a new company to the XAU ( most likely ) .

Now who might the new prospect be?? Interesting? Be nice if we happened to hold it. Let us see, it's a it low, gold is in an up trend, positve news occuring around the gold market, your stock gets added to the XAU.

Yes, that would be nice. So what is you guess???

But thank you for pointing out my 2% error on Dow to 8300
on or before 10/24/97.

All information channelled by me through Kitco is on
a 'need to know' basis. My prediction of Dow 8300 by whenever
it gets to 8300 still stands.

Your "playing on grass" reworking of my Packers query was quite funny.

Date: Fri Jan 16 1998 14:36
Tg ( PGU...if it's delisted....does that mean no trading will be allowed? ) ID#374294:

Not to worry it will trade. It just will be moved to a MUCH lower status and visibility position. NOT GOOD NEWS ( sorry ) . But it will be tradeable.

"The common shares of Pegasus are traded under the symbol PGU on the Toronto and Montreal stock
exchanges. Options on the company's common shares are traded on the Chicago Board Options Exchange and
the Montreal Exchange. "

http://biz.yahoo.com/bw/980116/pegasus_go_1.html

Got to run BBL.

.. had to have his leg amputated because of cancer. Kind of like the issue he ferverently esposes - amputating Quebec from Canada. Canada will survive without Quebec, albeit impaired. Canada's great contribution can be to show how to work these things out between cultures in a constructive way. Seperatism based on ethnicity is at work all over the globe. It spawns great wars and civil wars. In each case distracting people from their obligation to love one another despite differences in race and culture.

Ted, you are not helping. At least do no harm.

The delisting is for the AMEX, the release didn't mention PGU's listing on the TSE. My guess is I will be holding on to the shares for some time to come while the reorganization takes place. So what's new... I get to hold them with all the other gold shares I have which are down 60- 90% . But...somewhere down the road...I am hoping I will be able to say that I'm no longer FRUSTRATED.

Not only delisted, also declaring Chapter 11.

Details on Yahoo. Company Press Release released at 2:02 ET.

Still look like a speculative goldmine? ( no pun intended )

Maybe very long term? What do you think LGB?

If it's delisted it's very bad news. I've looked at this stock and I couldn't understand why they were still trading so high. It could end up trading over- the- counter CDN ( like KWG and St.Gen ) but the price will almost certainly plunge.
Don't know what assets they have left besides the bankrupt mine?

PGU: Judging by the chart action on it, it looks like news that a lot of stockholders knew or suspected way back in November!

Sorry. Wrong disease. Same outcome.

01/15/1998 $5,491,815,670,026.21
Current
Month Amount
01/14/1998 $5,488,705,496,927.68
01/13/1998 $5,486,749,552,798.75
01/12/1998 $5,481,621,078,832.40
01/09/1998 $5,480,038,744,944.38
01/08/1998 $5,479,700,204,736.38
01/07/1998 $5,484,646,071,706.36
01/06/1998 $5,486,352,648,906.21
01/05/1998 $5,481,924,290,553.50
01/02/1998 $5,476,836,236,537.09
$15 Billion in 15 days. Hey LGB, do you think the government might be lying to us about that balanced budget and surplus?

If the debt is growing at the same time as the money supply and we see little inflation, it is reasonable to argue that the Treasury is monetizing Asian holdings of our debt and then reissuing the debt instruments to help fund the IMF. Money supply growth is triggering inflation fears by those in the know who are driving up the price of gold.

The worldwide banking failures are also creating angst among large depositors who will look to gold as a store of value.

Ted perhaps your feelings about the people/society is because the only people who elected to spend time with you are those that you describe.

Gold up $8.70 in two days. Only $84.00 more $'s until I hit strike price.

Gee, things are looking up. I'm excited!!!!!!

Once in a while even a simple- minded carpenter can say somethin funny...eh....My prediction: The Broncos will pull the biggest upset since Stupor- Bowl 3 when Joe- Willie did in the arrogant Colts in one of the high points of my meager life ( ? ) as I watched it in Atlanta with my roomie....from Baltimore......

Yeah, 'The Bretoners' are known for bein such winners...eh...Didn't they call them the 'master race'...er somethin...bye

Thankx bro~~~~~~~~

Perhaps you should stay long enough to plant your "seed". I am sure that in you eyes that they would then be impregnated with the "master race syndrome".
So sad to see such bigotry and arrogance. At one time I enjoyed your posts. How is it that a person can paint a society with such a broad brush?

Allen: I think I am helping as Canada could use a little less of that wishy- washy type thinkin....Why should I have to read french on my Wheaties when the RACIST seperatists don't allow English signs in their province???....Canada has caved in far tooooo long to these people...

How does this grab you. http://www.usatoday.com/news/near.htm

According to Kitco's 24 Hour Spot Gold Graph :
http://www.kitco.com/gold.graph.html
gold trading starts about one hour before Sydney opens.
WHO IS TRADING ? WHERE ?

A GLOBAL GOLD STANDARD... Implemented by the Japanese

IS IT Financial Fairy- tale or Expedient Global Monetary Necessity: A Global Gold Standard?! STARTLING IMF ( International Monetary Fund ) data demonstrate its feasibility. The Bank of Japan's T- Bond holdings is the keystone for success.

The above statement is the considered opinion of the ORACLE in his GOLD- EAGLE post in mid- 1997. Subsequent events in the international currency world, and statements by very important Japanese politicians, including Prime Minister Hashimoto, lend credence to the growing possibility of a GLOBAL GOLD STANDARD. In further support of this hypothesis is the December 1997 statement by a well- respected Japanese news agency. Verbatim excerpts follow.

BEHIND HASHIMOTO'S REMARK ON DUMPING U.S. TREASURIES

JAPAN ECHO Vol. 24, December 1997 by TAKAO Yoshikazu


HASHIMOTO'S BOMBSHELL STATEMENT

Hashimoto had been delivering an address at Columbia University on June 23. Fielding questions, he was asked by the manager of a hedge fund what he thought about U.S. government bonds held in Japan's foreign- currency reserves losing value owing to a rising yen and falling dollar. Hashimoto replied that Japan had been "tempted to sell U.S. Treasuries and buy gold" on a number of occasions, such as when he was wrangling over autos with former U.S. Trade Representative Mickey Kantor. He added that the temptation also arose when Americans focused their eyes inward,
demonstrating little interest in the outlook for exchange rates and the value of the dollar as the world's key currency.

This was, of course, an impromptu comment in a question- and- answer session, and reportedly it was delivered in a jocular manner. But it nonetheless had an official ring because it came from the lips of a prime minister who was speaking in a public place. Under what conditions might a foreign government begin selling off U.S. Treasuries?

Two basic scenarios can be postulated. First, a country whose currency is falling against the dollar may try to arrest the slide through intervention in currency markets using dollars obtained through their sale. This presents no particular problem; in fact, foreign- currency reserves are accumulated for just such a use. The second scenario is closer to the situation in which Japan found itself in the spring of 1995. That is, if a country sees its currency rise against the dollar, and if it suspects that the United States is deliberately maneuvering to keep the dollar cheap, it may sell U.S. government bonds in retaliation. As an economic policy, of course, this makes no sense. When the yen is strong and the dollar weak, money flows into Japan on a net basis, and Tokyo should hold on to dollars in cash or use them to buy Treasuries instead of selling them. If it nonetheless sold them, this could only be an act of revenge.

THE WEIGHT OF GOLD

Although the prime minister never said anything about a gold standard, it is conceivable that if U.S. Treasuries were ever sold, gold would be purchased as a substitute, as I remarked earlier. But any attempt to construct a new monetary system backed by gold would deliver a blow to the U.S. monetary strategy and also cause the price of gold to spiral upward. As gold became more expensive, the dollar would be likely to get cheaper. The falling dollar would then drive up U.S. prices and force hikes in interest rates. America would be thrown into confusion, and its stock prices would come crashing down.

Japan is now in the midst of a reform of its financial system that will bring it into line with Anglo- American standards and introduce American- style market principles. Big Bang will get off to a start in April 1998 with the liberalization of foreign- exchange controls and will include many more specific measures now being worked out. Should the U.S. bubble happen to collapse while this reform is in progress, the impact would hit Japan more directly than ever before. Hashimoto's off- the- cuff remark, which itself could shake the foundation of the dollar standard, happened to score a direct hit on the delicate mechanism of skyrocketing U.S. stock prices and the risk that they will suddenly nose- dive.

Given the monetary history of the world, the convertibility of currencies into gold cannot be treated lightly. The significance of gold is too weighty for that.

Translated from "Hashiry 'Bei kokusai hatsugen' no shin'i," in Voice, September 1997, pp. 12029; slightly abridged. ( Courtesy of PHP Institute ) - - - - - - - - - - - -

Stark testament to the feasibility of the observations made above by the Nippon News service is the perceptive ORACLE report, A GLOBAL GOLD STANDARD - The ORACLE report may be read by copying & pasting the above URL to your Internet call- up window ( Location or Go To ) , then hit ENTER.

Thanks for the read.

And after living around 'these people' for five years I have a right to be arrogant - - - - I worked for what I got!!!...I take responsibility for my actions!!! I don't expect the gov'ment to wipe my ass for me!!!..One of the most SPOILED societies I have ever seen, yet 'they' whine about how tuff they got it....I haven't changed my 'tune' in the year I've been on this site so don't know what you were readin.....

Can someone tell me why Echo Bay isn't up on such a good gold day. I can't find any breaking news regarding Echo Bay. Thankyou.

Thanks for hosting this site. I really enjoy reading the posts, along with the services and info that your company provides.

Question: Why do you allow people that post racist remarks and profanity to continue posting? ( e.g. today at 13:30, 14:25, 14:26, 15:21... )

Can someone tell me why Echo Bay isn't up on such a good gold day. I can't find any breaking news regarding Echo Bay. Thankyou.

Gold rocketed past the important $290 level in
a strong rally which carried over from equally
strong trading in Asia and Europe overnight.
Also,COMEX warehouse stocks are down sharply
reflecting the building gold shortage
we've reported on consistently here......
http://www.usagold.com/Daily% 20Quotes

Your Rolls Royce joke reminds me of a tip I once
received from a banker for storing gold.
Instead of renting a safe box in the bank,
get a loan using the gold as collateral.
To minimize the interest payment, prepay the
bulk of the loan, and take your sweet time
repaying the balance.

haha...

Obviously not as much as you think that you do. The posts that I enjoyed were more "on topic". I have lurked on and off so perhaps I have missed some of your more malicious posts. If it was so terrible, pray tell why you stayed so long?

I agree that there are some of what you describe in PEI, as there is in every place that I have visited. My problem is the way you apply blanket coverage to a people and a society. I have known many from that area over the years. Yes they have their shortcomings as do all of us. I have also known that if you are having a problem that they will be among the first to assist you. They are not the type to watch a crime in progress and get sadistic pleasure from it.

Ted I do not wish to quarrel with you. I just think that you should give a little more thought to some of your "red neck" statements.

They have been removed from an S& P index. ( 1- 9- 98 )
Managers have to sell, whether they want to
or not.
Look at eco as a long term option. The
Round mountain mine has a 4.5 ton reserve that
lasts til 2012, at a cash cost of $205.
They do not have much sold beyond 1998, and
should be nicely leveraged if gold prices recover.

Cape Breton....In comparing CB to PEI you obviously don't know much about the place....Sorry,if I offended you but I have always been direct about what I see and what goes on here should be attacked as the Cbers have no 'right' to live off other hard- workin Canadians....eh

Pegasus filed Chapter 11...there is good news and bad news...

The BAD NEWS...

Obviously, the delisting is unfortunate since the AMEX is a better market in which to trade stock. The AMEX allows fairly active liquid trading. Moreover, bankruptcy sends a negative perception about the company vis a vis its banking relationships, etc.

The GOOD NEWS...

The shares will probably end up trading on the NASDAQ where they will most likely trade at the current price level ( give or take 10 cents ) .

The company can operate and do its business without creditors hounding and distracting it. That business consists of mining several fairly decent mines ( exluding Australia's Mt. Todd which is not profitable at less than $400 an ounce ) . The impatient ( obviously antagonistic ) banks will have to sit back and count sheep until the bankruptcy judge determines what ( if anything ) they will get. My guess is that they will be receiving very little of anything valuable for some time to come ( maybe they'll end up with Mt. Todd where they can build "vacation" homes to take their families during the winter ) .

They employees will keep their jobs and will not be put out on the street
( That's a good thing if you value people above and beyond dollar/cents considerations ) .

If gold should see a substantive rebound ( at least $350 or better ) , then it is quite conceivable Pegasus will be able to make a convincing case that it be discharged from bankruptcy. At that point, creditors will be afforded some equity participation along with partial repayment of debt.

So, for the PGU shareholders, there is no immediate rebound...however, all is not lost provided that gold gets to a reasonable price level again. If gold does rebound greatly, then theoretically PGU shares would participate ( although not to the same degree as might otherwise ) .

Finally, a note to Haggard Haggis: do not dance too much of a victory dance because the problems that afflicted Pego are shared by ALL GOLD MINING companies in varying degrees. If gold does not continue in its recent upward trajectory, then there will be many more bankruptcies in the future...including many of your favored Aussie golds!!

P.S. How do Scotties drink so much?

'Coz people keep confusing them for Aussies.

Seriously Ted, I appreciate honesty and forthrightness, but prefer to see it tempered with compassion. Lets agree to disagree - eh??

I hope your new destination can live up to your stringent requirements.

http://biz.yahoo.com/finance/980116/usa_korea__1.html

Five dollars in short covering is probably a faint harbinger of what is to come.

One helluva drop in treasuries...I guess Japan took a good look at Korea and decided that they might need some of that gold someday to buy those "precious" dollars.

30 yr. bond at 5.794% , volume on NYSE 663 million shares. Busy day in
terms of volume.

Clean: You method to store gold economically at the banks is nothing short of brilliance.

Had a pretty good week of it, eh? Here's one... What does it say on the bottom of a bottle of Scotch produced for domestic consumption? Answer- - Open other end! ( sorry Haggis, couldn't resist )

As I have said before, once PGU stiffs the banks they will ask for their gold back and lease rates will go up.

JTF: My understanding of ANOTHER'S THOUGHT is: CB's has no physical gold to redeem those paper gold traded through lbda for Oil countries. If gold price goes up, the redemption will be definitely impossible. If gold price and Asian currency goes down, there is a better chance that Asian stop buying gold and CB's can purchase cheaper gold from producers. So, it is not that CB's still has much physical gold to drive gold price down, but those propagandas and paper gold.
Much gold is in weak small Asian hands right now, and no strong hands will prop its price up so far.
ANOTHER'S THOUGHT the producer's costs are the key price for gold. Lower than that, no gold for CB's.

Selby: If an Unified Asian government can confiscate 50% of gold from their small people, that news and the existing gold loan and squeeze caused by CB's manipulatons over years will drive gold price up, just to do the service for Asian who have accumulated much gold over past decades. If gold price to $1000, Asian financial turmoils will be solved! They will be stronger and we will suffer inflation!

I just read in REVELATION 3:15, God had a BUY_GOLD advice for those general public who hate extreme opinions because which either too hot or too cold for them, rather they enjoyed the lukewarm propagandas's ALL- IS- FINE opinions.

God said: "I know thy works, that thou art neither cold nor hot: I would thou wert cold or hot.
So then because thou art lukewarm, and neither cold nor hot, I will spue thee out of my mouth.
Because thou sayest, I am rich, and increased with goods, and have need of nothing; and knowest not that thou art wretched, and miserable, and poor, and blind, and naked:
I counsel thee to BUY GOLD that thou mayest be rich; and anoint thine eyes with eyeslave, that thou mayest see."

Are our public blind by those propaganda's opinions, and to short those relic stuff below $400 because everything is so good, we are so strong, and gold is no more in crises?

Abby Cohen spouting on CNBC

To the fellow Kitcoit that had purchased a bucket o' coins.

DO NOT CLEAN YOUR COINS repeat DO NOT CLEAN YOUR COINS!!!

If you do, any numistmatic value they may have will be cut in half.
They will be turned into junk silver coins unless cleaned by an expert.

If you live in a humid environment ( Florida ) , store silica gel with them.

Mothballs are excellent preventers of tarnish. However they are toxic!

A product available in plastic capsules called Metal Safe Corrosion Inhibitor is available through E & T Kointainer Co, POB 103, Sidney, OHIO 45365

If they are in PVC holders or holders that contain some PVC, get them out of there. Go to or call a coin shop and inquire about proper storage for your coins. There is a brand of holders called Kointain- brand. But, I do not know if they are made for rolls or individual coins or whatever.. Contact the company listed above for information. Sorry, I do not have the tel# but a call to 411 in that city should get you to them.

A good book for coin collectors "The Coin Collector's Survival Manual" by Scott A. Travers, 3rd ed. 1996, pub Bonus Books Inc., is a must buy.

Kinross Gold Corporation

TORONTO, Jan. 15 /CNW- PRN/ - Kinross Gold Corporation ( TSE- K; NYSE- KGC ) announces that during the month of January, Kinross repurchased spot deferred contracts, fixed forward sales contracts and put options representing 155,000 ounces of gold. These transactions generated approximately US$14.4 million of cash ( in addition to the approximately US$22.5 million announced in December ) which will be realized into income over the original delivery schedule of the various contracts. During December and January, Kinross also established some floor protection by purchasing put options for 80,400 ounces of gold at an average strike price of US$283 per ounce for delivery in 1998 at a cost of approximately US$750,000. As a result of the hedging transactions in December and January, Kinross' total gold hedge position currently consists of the recently purchased 1998 put options for 80,400 ounces at an average strike price of US$283 per ounce plus a total of 50,400 ounces of calls sold previously for the years 1998 to 2001 at strike prices ranging from US$383 to US$400 per ounce.

SOURCE: Kinross Gold Corporation
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
More Quotes and News:KINROSS GOLD ( NYSE:KGC - news; Toronto:K.TO - news ) Related News Categories: mining/metalsKinross Gold Corporation

TORONTO, Jan. 15 /CNW- PRN/ - Kinross Gold Corporation ( TSE- K; NYSE- KGC ) announces that during the month of January, Kinross repurchased spot deferred contracts, fixed forward sales contracts and put options representing 155,000 ounces of gold. These transactions generated approximately US$14.4 million of cash ( in addition to the approximately US$22.5 million announced in December ) which will be realized into income over the original delivery schedule of the various contracts. During December and January, Kinross also established some floor protection by purchasing put options for 80,400 ounces of gold at an average strike price of US$283 per ounce for delivery in 1998 at a cost of approximately US$750,000. As a result of the hedging transactions in December and January, Kinross' total gold hedge position currently consists of the recently purchased 1998 put options for 80,400 ounces at an average strike price of US$283 per ounce plus a total of 50,400 ounces of calls sold previously for the years 1998 to 2001 at strike prices ranging from US$383 to US$400 per ounce.

SOURCE: Kinross Gold Corporation
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
More Quotes and News:KINROSS GOLD ( NYSE:KGC - news; Toronto:K.TO - news ) Related News Categories: mining/metals

Thanks for the info and the confidence.

The ass- burning fire has been lit....run for the hills.

A riddle for you.
What is the difference between Cape Breton & your wife?
Answer: After 10 years Cape Breton still suks.

You're on the wrong island man! We had our winter here . Lasted 3 days & the snow melted, now partly sunny & 48F.

Re: Bouchard....what brain?

That should have said 4.5 million oz reserve.
Still a world class property.

G- bug...like Pegasus, Echo Bay is suffering enormous debt load. It is also a bankruptcy waiting to happen.

However, in its favor, it also holds several very attractive mines and may be in a better negotiating position with its lenders. Also, it might be a fairly appealing acquisition target by another major. Again, its best hope for survival is a sustained strengthening in the price of gold.

Over the years, Echo has become a symbol of the Canadian Gold Mining Industry. I truly believe that, in Echo's case, the government would step in and intervene to preclude bankruptcy or some such scenario.
For one thing, the Canadian gov't has come under much criticism from various mining groups for selling off a good portion of its gold reserves...they will come under a helluva lot more pressure if Echo goes under.

P.S. I cannot figure out for the life of me why gold miners are not travelling en masse to Ottawa's Parliament Hill and protesting noisily and vigorously Canada's sale of gold reserves and the escalating closure of gold mines across Canada. After all, the salmon and cod fishermen are always running out to Ottawa to give 'em hell in huge numbers ( and all their hollering usually gets them some tangible results ) . Given the current and dangerous situation in today's gold mining industry, you would think the gold producers would persuade the miners to make a mass pilgrimage to Ottawa and raise hell with the government.

Date: Fri Jan 16 1998 15:29
G- Bug ( Echo Bay ) ID#432107:
Can someone tell me why Echo Bay isn't up on such a good gold day. I can't find any breaking news regarding Echo Bay. Thankyou.

Can't say for sure, BUT IMHO...

As we were talking back in novemeber ( when first indication of PGU came out ) , I believe that the xau has changed forever. I would not look to the xau to give its historic indications on the direction of bullion.

My belief is that the companies ( at least some of them ) that have hedged are going to get caught in through own derivative traps. I haven't owned ECO so I am not sure exactly what there hedging program has been, but PGU had hedged up to 75% of its production. That hedging program was suppose to protect it from falling gold prices. In November I tryed to find out why PGu was in trouble when they had such a BRILLANT hedging program. I found no answers. But as we now know PGU has been cripple if not maigned in this falling gold market.

I continue to assume that the hedging programs are coming home to rost. I think that the fall in the price of gold was so dramatic and so unexpected ( by most ) that the algorithms failed - - the limits of their parameters were exceeded and thus the failed. If that was the case then PGU got bloodied. And possible ECO got hit badly also.


I could be wrong, but I think this idea is worth considering.

In any case, ECO's stock action in todays market was major BAD. We should except some information soon.

Hope this helps.

Now that PGU is to be de- listed from the AMEX, which mining outfit will take its' place in the XAU? This will certainly affect the divisor and weighting of the stocks that make up the XAU.

James

Utterly disgusting.

The R.N. gold forecast trend chart caught today's leap EXACTLY. If she continues to be correct, look for a slightly down trend into Jan 28- 29 ( maybe the last chance to buy cheap ) , then a swift runup to maximum trend peak on Mar 4.

FYI: The runup in the trend chart from Jan 29 to Mar 4 is 4 or 5 times that shown for today. GO GOLD!

Lurker700: I sure a unified Asian gov would be strong. You get the Koreans and the Japanese to agree to a common gov and then the Chinese and the Vietnamese and then the Thais to agree and the come to Canada and get the Frech and English to agree. None of the above are going to happen.

You had once mentioned that 777 had some significant meaning to you. I picked 777 because when I was a HEATHEN I gambled in excess and played hard and since I am gambling in Gold it seemed appropriate. I feel I am lucky to be alive because of cancer, shootings & fast living but I know where my blessing come from and luck has nothing to do with it. If you would post more here I would be willing to forfeit the use of 777.

Ted, I ain't no dude. And, fortunately, Kitco is my life. One thing I'm thankful for: that I don't live in Glace Bay!

Crude Oil looks like a GREAT BUY!
The COT report was really bullish for crude.
Market Vane weekly sentiment for crude hit a 52 week low of 10%
this week. Gold was at 20% and look what happened.
The MACD for Crude will turn positve on the slightest up turn.
Buy Crude on monday!

http://www.digisys.net/futures/chart/fstwin13.gif


I hope silverbaron is right about gold going down one more time into the end of the month. I tried to be too good and buy long term calls on wednesday with a bid half way between the bid and ask and never got fill.
If we go down one more time I'm in at the market!

This site would be worthless if it were censored. IMHO

As of the 9- 30- 97 quarterly report the debt load
was 77 million. As per telephone conversation
with Robin Ley, ECHO BAY shareholder relations,
12- 18- 98, AND confirmed Wednesday 1- 21- 98, the
Debt was down to 56 million.

What numbers do you have and where did you get
them?

Re- Glace Bay: ME TOO~~~~~~~~

You naughty boy~~~~~~~

Your posts of the last week or two have brought to the light, for all to see, your deep concern for the future of our children of the world. This has made occasion for me to reflect back. My father, the colonel, spent essentially all of his time on earth emotionally immune to the tragedies and disappointments of life, or apparently so. I suppose the Depression, World War II, the Korean Conlict and military life in general gave rigidity to his stern posture. Rules were inflexible and compassion, whether outwardly expressed or inwardly held, was to be known as weakness.

As he became aged and exhausted by disease, the true dignity of the man came forth. We learned of love by watching this once stoic man openly weep at the sight of hungry and deprived children on television reports.
He would adjorn to be alone until he could regain composure. Once he had, he would return to our presence and softly remind his offspring to use their lives to better the world so that children would never suffer anywhere...anytime.

Your words remind me of his charge and his legacy. We all must hasten to secure the futures of our children, their children and others' children. We must conserve, plan and provide a safe place for all of them. And we must be exuberant in our will to oppose and destroy that which would keep them from their God given gift of a good life. I salute you tolerant #1 for disclosing your stalwart stance on this priority. May the light shine brightly on you.

Here are the latest Comex inventory figures released after trading today:

Gold: Fell 432 troy ounces to 444,374

Silver: Rose 212,395 troy ounces to 110,929,367 - Just above a 13 year low

Gimme an address. I will send you four envelopes each with a five dollar bill for John Glenn idea. Don't want to risk sending twenty cash by mail. If you don't get enough contributions this time, save it for something else. Contributors could vote on the next idea.

You just took your position today & I sold the 2nd 3rd of my ABX.
I gave up trying to time the mkts perfectly, so sell on the way up so that I have more dry powder for a retracement. 20% in 1 week is a pretty good move, but who knows, we could get another 20% next week. I'll have 1/3 to participate with on the way up, but if it goes down, only 1/3 exposure. I think that you're right on about au being tied to $U.S. That worries me, because I can see the yen weakening again & no hope for DM. Good luck.

I'm in for a fin.

There once was a Gold Co named Pegabucks
I thought that their shares could make Megabucks
I bought at .5
and got eaten alive
Now I feel that the PGU mega sucks!

Mike Sheller:

In 55 min gstd is going to release results form its Brazil drilling; what do the stars say the results will be?

Any thoughts on why invemtories have risen three days in a row? Some nervous funds divesting who don't want their books examined? Is it a positive trend that the increase amounts are dropping and may soon flip back to deficit?

The TSE GOLD AND PRECIOUS MINERALS CLOSES UP 15.2% for the week.Analysts could not explain rise in the gold sector.Should tune in to this site.PGU closed at 0.11 cnd. "ouch".ref http:www.imoney.com
quion97

hi

highlights of the Veneroso conference call?

Obviously it's because LGB turned bullish on Gold for the first time in 18 years

Something worth "considering" and reflecting upon:

This past Monday, T- Bonds seems to have topped and the very same day Gold has reached and 18 year low, recovering ever since.

If these two events remain intact for the next few weeks, it could be significant.

What If the Dollar Just Keeps Rising?

Nationally syndicated market analyst, Rick Ackerman, shares his insights about the adverse strength of the greenback.

Business couldn't be better, consumers are as confident as they've been in years, the dollar is king and interest rates are bouncing near multi- year lows.

Not much for U.S. investors to worry about, right?

THINK AGAIN. That strong dollar, of all things, is threatening to
blight the rosy picture by destabilizing financial markets and
constricting global trade. Moreover, there is no apparent way to
stop it. WHAT ARE THE DIRE RAMIFICATIONS?

To read the report, copy & paste ABOVE URL to your Internet call- up window ( Location or Go To ) , then hit ENTER.

Was thinking about that myself. It will not take too long a trend to start to spread the wrong message. My rationalization is that silver cannot be transferred to COMEX instantaneously. There is a shipment lag. Hopefully this spirt in COMEX arrivals was the reaction to the drop in price we saw recently and does not reflect action associated with silver price recovery.

However, I am curious as to why these U.S.Mint coins accumulated verdigris and my silver round and bars have not!
Maybe the fact they are stored in different environment?
I thought it might be the plastic buckets after reading 'bout pvc. The BUCKETS are of white plasic. Opague. The coins are all in plastic tubes which are not only translucent but transparent also. The plastic seems to be exactly like that which holds gold numismatic coins.
QUIEN SABE?
Thanx for trying!
+++++++++++++++++++++

2000 We , I believe are all adults on this forum. We can exercise our fingers and just click on by anything we feel is demeaning. In the real world I have to hear many statements I would not permit IN MY HOME. That is the only place where I have control. The same thing applies to all of us. We can refuse to read that which we find offensive.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Carol: It's none of my business except I am a behavioral scientist and enjoy watching the byplay between persons such as that between you and Ted.
I live in a state where we have an underclass which due to federale programs feels it is entitled to everything because it was born.
There are many such ethnic and social islands in our country and Britain and Canada.

You and Ted did not create the state of affairs we have today. Nor did I. I do enjoy observing things while hating the principles which brought them into being. Perhaps I should say PRINCIPALS.
Blame the whole sh** pot of idiotic behavior on the socialists of the world.
It truly is their child. We have to either raise it or kill it!!!
As time passes I incline more and more toward the latter solution!!!
( :+^}[

Ziva, the time anomoly with the Sydney market is probably because daylight saving is operating in Australia.

It would appear that Kitcon has not adjusted its graph.

Live Long and Propser.

Silverbaron- I did not tell you what the astrological indications
are after April but they are callin for much higher prices this summer,
we may even cross the $500 mark. Now that ain't a prediction because from here you can only go by the indications and they are POSITIVE!
Hell with the stars and glenn lookin good what can go wrong?

Tally Ho

I suspect that the gold mutual funds may have more leverage on the way up than plain gold shares. The funds have a lot of out of the money warrants that they received from financings they have participated in.

If this gold market continues upwards ( Glenn- yes; RJ- not yet ) the companies share prices hopefully will move through the strike price and give a "kick" to the funds NAV

I apologize if you found my post to Ted offensive.

Wetgold, money is an artifical and psychological concept. If most people think that something is money, then it becomes money.

Thus, if 95% of the world thinks government issue paper is money, then it IS money. If the same amount of people think that gold is not money, then it IS NOT money.

Live Long and Prosper.

@G- BUG: I posted yesterday that ECO is being removed from the S& P 500, And S& P has put them on credit watch - with negative implications.
IMHO it's no longer worth the current price for the risk you are taking.
ELDORADO is trading at .63 , also very risky, but much cheaper.
I agree if the POG can make a swift decisive rally, these co.'s can stage a comback, otherwise?
My gameplan is to go with cheap producers who have cash and can stay alive for at least a year with 290. Gold.

These small increases of late in Silver inventory may emphasize even more the current popularity of Silver worldwide. Remember not too long ago when 1,2 or 3 million daily drops were quite common! Now let's notice how the rises are shallow compared to the decreases. Unless proven otherwise, the overall trend of the Silver stocks is down and we are still hovering above a 13 year low. We started the year above 200 million ounces.

If in the near future, some acceleration will take place in the withdrawals of the inventory for whatever reason, the outcome could be severe in a way of an other quick upward price adjustment in Silver prices.

I just noticed it was sold off at the end of the day: 2.60 - 2.64, - .41 with a very weak bid.
IMHO the PGU collapse took it's toll here.
I don't want to panick holders here, but in my experience
I would think ECO could be under attack from the shorters on Monday.

A more than 5% increase in the S & P since the lows of this past Monday morning and an almost 3% rise in the Dow Jones for the same period.

It could have been worse, there could have been a crash aggravated by the Full Moon:

Date: Fri Jan 09 1998 22:14
Puetz ( bpuetz@holli.com ) ID#222167:
Crystal Ball: This week was nothing in US stocks. Wait until next week , and the week after. 2 or 3 days of the DJIA down more than 1000 point is to be expected. The period between a full- moon and a new- moon is historically negative for a bubble- market - - once it bursts.

The full- moon on monday will be the start of the greatest stock market crash of all time. On Wall Strret Week tonight, the elves were still a bullish +4. Martin Zweig was still bullish. He believes - - as long as the Federal Reserve is easy, stocks will rise. That belief assumes that any individual entity can control the economy. If it is obvious, it is obviously wrong - - as Granville used to say. Deflation has the upper hand, and the Fed has lost control.

I'm still looking for the DJIA to crash to somewher between 2000 and 5000 before the end of January ( this year ) . Monday should be a serious down day. Maybe not 1000 points, but it could very well be.

Let it be known, I'm still very bearish on stocks, and very bullish on gold and silver.

One of these days I will do some research and see what museum conservator have found out about metals stored in plastic. Until then: Plasticisers are the bad stuff. Plasticisers are added to plastics to make them soft or flexible. This is why I think PVC for irrigation may be OK and PVC flippy folders maybe not. The harder the plastic the better. You can usually smell plasticisers. If a container smells "plasticky", don't use it. Years ago at a conference I saw a slide of a coin ( not gold and probably not silver ) that was almost completely destroyed by the plastic pouch it was stored in. I have not had trouble in ~15 years with the flippy things that I get for bullion coins. Wait, a minute... I just took a whiff. They smell! I am going to get rid of them.

Fascinating post. First of yours I have read and you have much to contribute to this site. A behavioral scientist. I read once that the worst investors were accountants and doctors and the best were psychologists. ( Exceptions of course! ) ( If that is true ;- ) Anyway, what you say makes a lot of sense to me. Crowd behavior you know.

I have to make some phone calls and find out the best way to get it to him. Before I accept any payment I want to make sure he can take it on the flight with him.

Glad to see that there is some interest. I will keep you posted on my progress.

a.j. - elementally pure silver will corrode imperceptably in normal atmosphere.

most coinage silver is an alloy ( copper - whatever ) and thus suffers galvanic corrosion in the presence of an electrolyte ( moist air, wee bit o salts, sulfates, etc. )

that PGU has failed. It was once a very inovative, proud compay which earned its spurs bringing low grade, heap leachable open pit mines into production. It had quality people. It will be missed and should be acknowledged for the good work that it did. If there is a lesson here, it is this: Do not allow your ego to dictate your actions. It bit off a bit more than it could chew, gambling on making it as a high price producer. Watch out Homestake, Amax Gold etc, the high and mighty fall. It is a shame to have to trash all those high price, third party feasibility studies the banks relied on in making the loans.

Meant to say: difference between Cape Breton & A wife. As a former Cape Bretoner, I thought you would get a chuckle.

A GLOBAL GOLD STANDARD... Implemented by the Japanese

IS IT Financial Fairy- tale or Expedient Global Monetary Necessity: A Global Gold Standard?! STARTLING IMF ( International Monetary Fund ) data demonstrate its feasibility. The Bank of Japan's T- Bond holdings is the keystone for success.

The above statement is the considered opinion of the ORACLE in his GOLD- EAGLE post in mid- 1997. Subsequent events in the international currency world, and statements by very important Japanese politicians, including Prime Minister Hashimoto, lend credence to the growing possibility of a GLOBAL GOLD STANDARD. In further support of this hypothesis is the December 1997 statement by a well- respected Japanese news agency. Verbatim excerpts follow.

BEHIND HASHIMOTO'S REMARK ON DUMPING U.S. TREASURIES

JAPAN ECHO Vol. 24, December 1997 by TAKAO Yoshikazu


HASHIMOTO'S BOMBSHELL STATEMENT

Hashimoto had been delivering an address at Columbia University on June 23. Fielding questions, he was asked by the manager of a hedge fund what he thought about U.S. government bonds held in Japan's foreign- currency reserves losing value owing to a rising yen and falling dollar. Hashimoto replied that Japan had been "tempted to sell U.S. Treasuries and buy gold" on a number of occasions, such as when he was wrangling over autos with former U.S. Trade Representative Mickey Kantor. He added that the temptation also arose when Americans focused their eyes inward,
demonstrating little interest in the outlook for exchange rates and the value of the dollar as the world's key currency.

This was, of course, an impromptu comment in a question- and- answer session, and reportedly it was delivered in a jocular manner. But it nonetheless had an official ring because it came from the lips of a prime minister who was speaking in a public place.
Under what conditions might a foreign government begin selling off U.S. Treasuries?

Two basic scenarios can be postulated. First, a country whose currency is falling against the dollar may try to arrest the slide through intervention in currency markets using dollars obtained through their sale. This presents no particular problem; in fact,
foreign- currency reserves are accumulated for just such a use. The second scenario is closer to the situation in which Japan found itself in the spring of 1995. That is, if a country sees its currency rise against the dollar, and if it suspects that the United States is deliberately maneuvering to keep the dollar cheap, it may sell U.S. government bonds in retaliation. As an economic policy, of course, this makes no sense. When the yen is strong and the dollar weak, money flows into Japan on a net basis, and Tokyo should hold on to dollars in cash or use them to buy Treasuries instead of selling them. If it nonetheless sold them, this could only be an act of revenge.

THE WEIGHT OF GOLD

Although the prime minister never said anything about a gold standard, it is conceivable that if U.S. Treasuries were ever sold, gold would be purchased as a substitute, as I remarked earlier. But any attempt to construct a new monetary system
backed by gold would deliver a blow to the U.S. monetary strategy and also cause the price of gold to spiral upward. As gold became more expensive, the dollar would be likely to get cheaper. The falling dollar would then drive up U.S. prices and force hikes
in interest rates. America would be thrown into confusion, and its stock prices would come crashing down.

Japan is now in the midst of a reform of its financial system that will bring it into line with Anglo- American standards and introduce American- style market principles. Big Bang will get off to a start in April 1998 with the liberalization of foreign- exchange controls and will include many more specific measures now being worked out. Should the U.S. bubble happen to collapse while this reform is in progress, the impact would hit Japan more directly than ever before. Hashimoto's off- the- cuff remark, which itself could shake the foundation of the dollar standard, happened to score a direct hit on the delicate mechanism of skyrocketing U.S. stock prices and the risk that they will suddenly nose- dive.

Given the monetary history of the world, the convertibility of currencies into gold cannot be treated lightly. The significance of gold is too weighty for that.

Translated from "Hashiry 'Bei kokusai hatsugen' no shin'i," in Voice, September 1997, pp. 12029; slightly abridged. ( Courtesy of PHP Institute ) - - - - - - - - - - - -

Stark testament to the feasibility of the observations made above by the Nippon News source is the perceptive ORACLE report, A GLOBAL GOLD STANDARD - The ORACLE report may be read by copying & pasting the above URL to your Internet call- up window ( Location or Go To ) , then hit ENTER.

Tolerant - - I'm with you. Should it happen, I'm willing to share the cost, and then to let it hang in the Kitco Hall of Fame! Hope others feel the same way.

You really do hold Puetz's feet to the fire. I almost feel sympathy for him. One of these weeks though....

Still very bullish on Gold - currencies must be linked to Gold.
He predicted Asian currency crisis.
IMF/US efforts will fail - wasted money.
Canadian idoits sold their CB Gold and now look at their Dollar.
His final prediction - - - - COMING GOLD CRISIS.......
YO- BRO

I don't know why anyone bothers with the platic for putting coins in. Shoot, find some glass test tubes, etc., to keep them in. Add a stopper. Voila. Plastic may be easy to mold various shapes with, but otherwise, it suks. Also good if you replace the air with nitrogen. Just a squirt. Silver will oxidize to some extent in air. Not much if sealed, but still....

In a word, yes. Not being zenophobic, but just restating history they will do ANYTHING to win. IMHO

http://www.c- span.org/mmedia/booknote/bn0111.htm#top

Take out the space the damned text editor put into the address in c- span using cut and paste utility!!! I can't get it out from here!! This address is well worth the effort in terms of the background info it gives.

Date: Fri Jan 16 1998 12:08
tolerant1 ( How about ) ID#31868:
sending John Glenn a lucky gold piece from all of us at Kitco. Talk about getting some press for the noble metal. What do you think? He could take it on his Shuttle Flight.

or how about a little gold rocket?

Your concern for the children of the world is commendable. Yet, one must recognize that we do live in a jungle whether we like it or not. Having been brought up during the depression I understand that fully. And the Col's understanding of all this is remarkable. Most officers I have known, and that is quite a few, are all rapped up in themselves and their next promotion. So, my hat is off to both of you!

Puetz- basher REALISTIC: The game ( fiat paper money ) is over! The final score is the only incidental piece of insignificant data that needs to be established or defined ( Coach Bobby Knight, we're behind 60 points so you can put in the subs, etc. ) . Gold and silver's climb, interest rate increases, high stock market volume, Southeast Asia's and the rest of the world's deteriorating economic state, the high number of personal bankruptcys, etc. are the writing on the wall, signs in the skies, etc. that forewarn of the irreversible dramatic conclusion. Mr. Steven Puetz's only error is his rational, direct, realistic approach of reconciling current factual economic data and projecting their rational impact of current events and projecting time frames in which their negative effects become actualized in an irrational market arena which is totally controled by the powers that be! Mr. Puetz, among many that post on this site, has enlightened a many individual to the perils that the current state of affairs will lead and has helped prepare those individuals to acquire, in the minimum, some insurance to help provide an edge in this ominous world lead by these ominous, heinous human creatures. Mr. Puetz's predictions will be vindicated; the only quetion is "WHEN?". REALISTIC: PLEASE PROVIDE THIS SITE AS TO DIRECTION CONCERNING INTEREST RATES, STOCK MARKET INDICES, PRECIOUS METAL LEVELS, BIG TEN BASKETBALL SCORES, ETC. FOR NEXT WEEK, JANUARY 18- JANUARY 24, 1998. GO PURDUE! GO PURDUE! GO PURDUE! BEAT INDIANA! BEAT INDIANA! BEAT INDIANA!

Spock - - Re: Money; AH, but the transition of perspective is 'interesting'!!!!

Can someone recommend a URL that has a chart and /or explains the gold /silver ratio

IMHO the biggest problem is sulfur compounds in the air. Silver will just suck up sulfur dioxide, sulfates et cetera common to any industrial city, making a range of patinas from golden to black. There are various ways of scavenging sulfur compounds, available from a jeweler's supply store like Rio Grande or SWEST. For jewelry and artwork there are various more or less toxic coatings, dips and tarnish removing cloths. IMHO

Sean David Morton has 100% accuracy rate in predictions on
Stock Market future trends.
This scientist/psychic said on Dec- 29- 1997 that:

...NOW IS THE TIME TO BUY GOLD.
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

I listened to that interview at: http://ww2.audionet.com/artbell/archive.html#dec97
Click on Dec- 29

RECENT HEADLINES: Lenders are not blameless, say World Bank, IMF

IT'S THE TRUTH THAT'S BEING DEVALUED

Dr. Paul Hein explains the significant difference between the real devaluation of a currency versus its change in parity with the dollar. It is indeed an interesting distinction - which at least to me - not readily apparent. Dr. Hein uses the rapidly wasting away of the Indonesian rupiah as a perfect example.

Dr. Hein also blames greedy international bankers for the Asian currency chaos - - by overloading the Tiger economies with loan money that could not be put to effective and productive use to generate enough cash flow to pay on- going interest, and eventually loan amortization. Once the hapless country is unable to service burgeoning loans, the IMF is called in to administer the coup- de- grace in the form of chokingly stringent economic restrictions.

To read the report, copy & paste ABOVE URL to your Internet call- up window ( Location or Go To ) , then hit ENTER.

223
I believe that before the industrial revolution- - in which burning coal lead to increased sulphides in atmosphere - - Silver took a longer time to tarnish. The same sulphides deposits ( stretching way outside my "safe" knowledge now ) form the greenish patina seen on the bottom of the yolk of a hard- boiled egg.

aurahardboiledegg

Do my eyes decieve me or have Silver 3 mo. lease rates broached the 9+ % level!!! ???

Are there any special pieces that were made representing John Glenn's first trip in space?

I can't hear you??????

Finally some folks who understand the problem. Spud is incorrect that "pure" silver doesn't form sulfides in combination with various sulfer compounds readily leached from atmosphere. This is a huge problem in my industry, where hybrid micro devices that use "pure" silver in various applications, run into all kinds of problems with oxide growth. The solution in our biz is to keep such devices in a positive pressure, inert Nitrogen, CDA environment at all times except during various manufacturing and test operations. Then the devices are ultimately hermetically sealed.

For coins, your best countermeasure is to encapsulate them in some kind of container like a "Kointain" which prevents continuos contact with atmosphere. Doesn't have to be hermetically sealed, even a 2 X 2 coin holder or a "flip" will keep them well preserved in most normal envirnments. Now if I lived in Hawaii..maybe a sealed platic capsule might be advisable.

Yes.

Hey Ted : It's a rough house here today !! but I know you can take it!!

Speaking of sucking , our Rangers don't look good. I haven't had too much time to post and really didn't want to , because of the price of gold. I agree with you when it comes to the Cape , seen it , done it , got the t- shirt.

Later Dude !!!!!

REALISTIC needs your help!!!!!!!!!!

The flight is not scheduled till next October. That means we have time to think of something real neat to send. Aside from the shameless promotion of Gold, I have a tremendous respect for John Glenn and truly wish to send a good luck piece to accompany him on the journey.

I will give this some more thought and let all know what I come up with in the next few days.

Dow/Gold Ratio 26.66

XAU/Spot Ratio = .247

You've got the idea, friend. But now we have all sorts of chemical plants, coal burning power plants et cetera which release it ( sulfur compounds ) by the ton. In the little silversmithing I get to do nowadays I pickle the object in a warm solution of acid, which removes the fire scale, polish the devil out of them ( which you don't want to do with coins IMHO ) then dip them in a proprietary chemical made by Rio Grande which leaves a microscopic thin tarnish resistant film. I think that the firescale I get and some shades of green you see on coins are from copper oxides, though I could be wrong.

I still can't hear you?????

May I suggest a" GOLD PLATED CANE" OR A SILVER GOBLET FOR HIS TEETH.

Silver/Gold Ratio = 49.79

This site serves very useful purpose as a discussion forum for exchanging diverse opinions, analyses, or just personal strategies to investment. However, when we start making predictions that a specific event will take its course on a specific date, we open ourselves to a critique and even ridicule. Its hard to say that it is unjust. I value Puetz input on why things are not so good in financial markets and why it may result in a stock market crash ( and even agree with his thesis ) . However, he would probably do better if he outlined his reasoning, stopped right there, and let his audience to make their own conclusion when it will happen.

His constant prediction of "when" this crash will occur just diminishes the credibility of his otherwise valid points.

Tolerant1

Your Get Camdessus mantra is beginning to sound like Catos Carthage must be destroyed. Karthago delenda est Carthage was, of course, eventually destroyed. Every wall was torn down, every brick removed and the site itself was ploughed over and planted in - - ?

"Camdessus delenda est"

Voyeur Professor please return. There is Carthage to talk about, and there is Pegasus and Bellerophon. For example, are those who are pinning their hopes on Pegasus returning from the grave ignoring the lesson of hubris taught to Bellarophon attempting to become a god?

auramontana_@DentalFloss_Tycoon

For those of you worried about the precipitous drop in palladium and how it might affect platinum prices. Word from Tokyo is that one or two sales of palladium totaling 100K oz. Don't know who it is yet, but as I understand it now, it was not Tiger. I'll know more Monday or Tuesday, I'll try to follow up on this then.

Miro agree.
The worse thing any seer or prophet can do is to give dates. The best this is to talk in riddles, best of all is to talk in riddles and get paid for it. Larouche comes to mind, although must say after ridiculing him absolutely for his ludicrous assertions that London is the centre of world terrorism,. I have started to get the old grey matter working on the riddle of the LBMA. Some months ago, last september, I started connecting the LME and LBMA then along came SE Asia...

MIRO, you are perfectly correct in your assessment of Mr. Puetz's predictions of future events of negative/positive conclusion at specific points in time. However, any sane rational individual with any COMMON SENSE realizes that no human individual can predict to any degree of accuracy future events, and would at the perceptual accumulation/integration of his predictions, insight, opinions, etc would discount this fact of human limitation and provide useful information pertaining to the theme of this site, instead of posting past, useless pieces of documentation which in the current state of affairs has no relevancy. You are right, it seems I also have succumbed to the lower levels of bashing individuals who do bashing on this site. Seems emotional control was temporarily unrestained. For this I sincerely apologize to participants of this site.

A few years ago, a friend scientist ( chemist ) who worked with Interox in Houston TX, showed me some samples of brass, copper, and silver which had been treated with concentrated hydrogen peroxide by their lab ( not the stuff you buy at the pharmacy ) .

These samples had been handled and exposed to the air for several years, and looked BRAND NEW - NO TARNISHING OR CORROSION WHATSOEVER. Might be something for the silver users to look into.

"VRONSKY" : "CAN" "U" "advice" "KITCO"
"how" "to" "solve" "the" "problem" "of"
"Quotation" "marks" "?"

I got 1/3....1/4.... etc..
I use Netscape.

Your post is appreciated. While somewhat off- topic, it does remind us
of the unpredictability of events afar. All too often we are tripped
up by expecting others' headsets to be tuned the same as our own.

I had heard of this incident, and had been looking for source material
on it.

That last message was for you. Shouldn't post when the kids are yelling and the pizza man is at the door.

Elementally pure silver in a normal atmosphere will not oxidize appreciably. For 'normal' read "N2/O2 + H20". I don't know where you live, but my home air isn't loaded with various sulfur compounds. ( just WHERE do you live? ) . There corrosion these chaps are describing sounds like electrochemical corrosion ( 'galvanic' corrosion ) from the dissimilar metals ( the Ag/Cu coin alloy ) in contact with an electrolyte ( normal air + moisture + ambient salts ) . You *claim* to be a rocket scientist - or did I misread you. Better stick to trading stocks. On the other hand, Pegasus ... need I say more?

As for your hybrid chip problems: a ) We would all likely faint at the levels of micro- contaminants in a wafer/hybrid fab facility - bad chemical hygiene, b ) Can you prove you're chemically depositing/sputtering pure Ag - plenty of corrosive crap used no doubt - corrosive fluxes - plus God know's what else, c ) Ever heard of an inhibiting polyimide film - works great for plenty our our chips.

LGB - - Amazing, ain't it; 9% lease rate. Although silver did not follow gold up today, it certainly did not 'break'! And platinum and paladium are going to do a little test of support before continuing their magnificent moves.

Howdy Mainlander!!- - Gave ya up fer dead....ditto 'our Rangers'...ditto gold...but we will all come back and be the champs we were destined ta be...

BBL

No diff- - - - - - - - I chuckle at everything these days...Louie ain't sayin nothin about gold yet....but sh!t it only went up 4.70 today~~~Mainlander: Will be seein the Captain tomorrow ( how bout you? )

Is the silver lease rate of 9% a record or has it been higher?

With respect, Pegasus went belly up via BAD MANAGEMENT in the form of Werner Nennecker, a "mature yuppie". All their good maganement left a year ago.

Nennecker could tell his arse from his elbow............

Spuds @ Pure Silver vs. alloyed silver & corrosion -

So that's why my silver Maple Leafs don't tarnish. Also, got a one Kilo Australian Kookaburra on my desk as a paperweight and it still shines like new.

Hep -

I gotta' admit the "73rd anniversary of the invention of the Wet- Nap" gave me the biggest laugh of the day.

LGB -

Believe it or not, you and I agree much more than you may realize. I know nothing of Saints other than certain Irishmen seem pretty confident their collective preservation is assured by them, so I defer to you on those thingies. I do know quite a bit about proofs though, I even sell AE proofs ( price is waaaaaaaaaay too high ) but I only recommend a proof when it will be a gift of some significance and not as an investment.

Regarding confiscation: Neither you or I believe that will ever happen again, but if one can protect oneself from this eventuality, why not? The key to the Leaf and the VP and the Nugget is that they are legal tender currency of the country of origin. This overrides the bullion content, a sovereign nation's currency is sacrosanct.

There are no reporting requirements for the purchase of bullion coins, period. Only those coins I listed are reportable on the sell back. That's it. No other reporting requirements at all, regardless of quantity. As I have said, reportability is not a function of the purchase but as to whether the particular commodity has ever traded in the US futures markets. If they have, they are reportable, if there has never been a futures contract on a coin, it is non reportable.

With respect, Pegasus went belly up via BAD MANAGEMENT in the form of Werner Nennecker, a "mature yuppie". All their good management left a year ago.

Nennecker could tell his arse from his elbow............

With respect, Pegasus went belly up via BAD MANAGEMENT in the form of Werner Nennecker, a "mature yuppie". All their good management left a year ago.

Nennecker could NOT tell his arse from his elbow............

Realistic - don't stop now, you're on a roll.

Old Gold - one of the aptest monikers I've seen here since

there WAS a here here. Aye, the metal from hell.

Vronsky - always a great site and spreader of virulently

viral self- replicating memes from silicon to

synapses to facts on the landscape.

Glenn- thankyouthankyouthankyou for the regular and

long- running innoculations of reason and experience

voiced in Daddy Ern.

Let's see, a mining engineer, floor trader, newsletter

publisher, physical dealers, numismatic armchair hobbyists,

countless eyes and ears of earnest interest and genuinely

painful money- where- their- mouth- is link contributors

to raise the general noise level for parsing through.

'Nuf said.

These lightening fast and dramatic price swings in Platinum are gonna drive me nuts! I've taken up strong ( & more frequent ) drinking over it, but thats not helping. I would like to pin some hope to these episodes - if I could only find additional information on Platinum fundamentals. i know its 15 - 20 times more rare than Gold, it is dug at much greater depths ( and thus higher associated mining costs ) , is, for now, produced mainly only in Russia and South Africa, takes 6 months to refine once extracted, has substantial industrial use, ad nauseum. But how much does it ultimately cost, in US$, to extract and refine, i.e. what is its' underlying value???? The Platinum Guild tells me they do not have such information and Web searching has turned up nothing. Is there anyone at this site that has the interest in and information to answer this basic question? Thanx.

A Scotsman was rushed to hospital suffering from splinters in his
tongue - he told the ambulance crew he'd dropped a bottle of whisky on
the kitchen floor.

Do what Scotsman do, drop the bottle on the floor........that will soon stop you!!!!!!!!!!

I doubt this helps, but after a loss in gold, then
my next great loss in Platinum. It rides up long
enough to get my hopes up and then sucks the life
out of me in a downturn. Go figure, but your not
alone. Hopefully RJ will have some good news Monday.

Bej-

I recommend tequila shooters and good sippin' micro brewery beer. Start early, get loose, and settle in for the ride, it will be bumpy. Send me your e- mail and I'll send you some basic info about platinum. rjd@pacbell.net

I bet you could find out the platinum production costs from Sillwater Mining. Check out their listings at Goldsheet. I don't know if they have a web site.

"Spock ( 'Real' Money and Wetgold 9:50 ) ID#210114:
Wetgold, money is an artifical and psychological concept. If most people
think that something is money, then it becomes money.
Thus, if 95% of the world thinks government issue paper is money, then
it IS money. If the same amount of people think that gold is not money,
then it IS NOT money."

I believe it is more instructive to note that the artificial and concept of money enters the world of reality via Sovereignty and the law of the Sovereign.

For instance, in the United States today if someone tenders you a greenback, you are considered to have been paid legally whether or not you accept the paper for you goods or labor. It is when people begin to question what the Sovereign says that what people think is money can change what the Sovereign says. Fiat currency systems fail because people disobey the law. China has more experience with fiat currency than any other nation on earth. Marco Polo first brought the news to the West of the wondrous benefits of paper money in China. Of course, the penalty for refusing the emperors greenbacks was not economic death as it is in America, but physical death.

The same thing can happen between national sovereigns when thinking starts to change.

The posts on the Indian potential for gold production were quite interesting. The World Gold Council is quite optimistic about the prospects for liberalizing the regulations on gold in India. Ass India is an oil poor country and also a relatively poor dollar reserves poor country, India has a strong national incentive for a world trading system based on gold. But, since the socialist political mindset requires fiat paper currency, India's bureaucrats may never think their way forward.
Australia's have not been able to. Nor Canada's. I think the Japanese mindset is likewise and equally hindered despite the comments by Hashimoto. For international political reasons a gold standard would be appealing to the Japanese, but can their domestic political constitution tolerate the implications ?

China's regime is threatened by increasing unease in the country side and by the disparity of wealth between country and city, between interior and coast, between north and south. Would devaluation will ease or increase Chinese internal political tensions ? The answer to this question will tell us whether or not devaluation of the yuan will come. Because it will be a purely internal political decision by the regime. Any impact on the rest of the world is not their concern. And unlike Suharto, the Chinese will not give audience to Camdessus.

The Asian crisis appears under control for the moment in its banking and currency aspects. But, perhaps control is too rosy a word and the economic and political ramifications are still to come.

The upturn in the $US Gold price has come in lock step with the upturn on U.S. Treasury bond yields. At the beginning of the week, the only bond that had any premium at all on the present 5.5% Fed Funds rate was the 30- year bond, and it was at its lowest yield in history.

On Monday, there was no risk premium whatsoever built into U.S. government debt. Now there is, albiet a small one as yet. As soon as that happened, Gold got off the floor.

It's early days yet, but the signals are starting to come in. New commentary and charts up at The Privateer website. Because I've got a pesky hyphen in the URL, ( it's a drag, ain't it Vronsky? ) , I'll have to ask you to cut and paste the URL in the subject line.

The Strad Master Studios  - Reasearch and Development Facilities

Are proud to announce the arrival of our newest model

SOUND GENERATOR *


 Generic Name: Katalin Terz

 Supplier: Stork, Inc.

 Distributor: Kaiser/Permanente Medical Center - Sunset Division

 Packaged Weight: 7 Pounds 10 Ounces

 Packaged Length: 21.5 inches

 Fuel requirements: Lactis maternis - 120 ml.

 Infusion Rate: Every two hours

 Performance at Peak Output: 150 Decibels @ 550 Cycles Per Second

 External Finish: Woven Cellulose with high absorptive capacity

 Additional Characteristics: Brown Hair - Blue Eyes

 Copyright: January 16, 1998 - 3:03 P.M. Pacific Standard Time


* This newest model Sound Generator incorporates several external features not found on our 1994 model. In those respects we have returned to the design format that was so successful in our first ( 1990 ) version. These features strongly indicate the likelihood of significantly altered observable performance characteristics with a strong likelyhood of those characteristics more closely resembling that earlier, 1990 model.

A re- write ( - with terms defined ) , and an edit - - of my 9/27/97 posting, on a discussion- board, at http://www.kitco.com.

When the tent comes- down/collapses,
It will not be the center- post ... that goes first;
It will be the side- posts,
And even the stakes.

The "stakes" are the emerging nations/economies/currencies - such as the "Asian Tigers"; Hong Kong, China, India, and South American nations.

The "side- posts" are the U.S.'s most important trading partners/nations/economies/currencies: Japan, Canada, Mexico; and Europe.

The "center- post" is the U.S., including it's national economy, financial markets, and it's dollar- currency - which is most likely, in it's final chapter as the 'reserve- currency' of the international economic world.

The "tent" is the current, credit/debt- based world economy.

The economic world's foundation used to be a U.S. dollar, backed by, & convertible to gold. It thus evolved, to become the world's accepted 'reserve- currency'. But with international agreements of 'Bretton Woods', and then with the closing of the 'gold- window' in 1971; the U.S. dollar became the world's monetary standard of trade & commerce - - but with no foundation - except as based on the engineered manipulation of political and banking interests of the world's dominant nations.

Although the age of politacl imperialism may have ended 50 to 100 years ago, that age of monetary, financial & economic imperialism has flourished...until now. In recent generations, the U.S. has
indebted itself to the export of trillions of i.o.u.'s - - U.S. dollars, backed by and convertible to - nothing real.

This currency unit, and instrument of credit, has weaved it's flawed yarn into and throughout the world economy - - an economic world that has nothing to count on ( - if it wanted to turn it's U.S. dollars in for cash- ) , but the 'full faith & credit' of politcal & banking instituions dominated by what is in the U.S.'s interest' only - - if, and when - 'push comes to shove'.

And the push and shove are here. The Asian currency & market crisis is spreading, as it must, inevitably. With out the discipline, and inherent integrity,of gold- backing & convertibility, the U.S. dollar, as a reserve currency, has been created out of thin air by the billions and trillions, and exported into the central banks and economies of the nations of the world. This cancerous, uncontrolled inflation of credit, on a world- wide scale, has led us to this day of reckoning, this rubicon,
this turning- point in history. The piper must be paid. The uncontrolled growth of credit/debt, must be re- paid, economically, or otherwise.

The unbridled, unnatural, unprincipled, unfounded explosion of artificial credit, as fueled by the U.S. dollar - - on a massive scale and for generations - - has led to the mushrooming international credit & currency crisis. It is symtomized by a glut of industial, manufacturing & technological over- capacity, and bloated real- estate values.

Without insightful and couragesous international leadership and cooperation, the Asian contagion, the monetary & economic instability, deflation, and depression, will spread world wide.

As millions are being thrown out of work or reduced to virtally poverty wages, practically over- nite - in the 'Asian Tiger- miracle- economies', increasding numbers of nations will spiral down into a seige- mentality - -
of "every- man- for- himself" - - and competitive devaluations of national currencies will usher in a world- wide depression, and untold, yet still avoidable, human misery.

Economic ( & political ) Armageddon is avoidable - - though not without pain, at this late date - - but still avoidable. However, time is running out.

A stable & thriving world economy requires a return to an internationally accepted, trusted, stable, and usable store of value and medium of excange. That is, a unit of money, and a unit of credit, that will insure that all nations of the world have a fair- chance in the game of economic competition, commerce, and trade. Histories of civilizations, for a few thousand years and more, remind us again, that gold is the only world- wide, acceptable store of value & medium of exchange, over time.

The peoples, and leaders, and institutions, of a just and freedom- loving
world - - we'd all be best to remind ourselves: the only lesson too often learned from history - is that we often fail to learn from history. Such a failure, at this turning- point for the civilized world, is
unthinkable.

I mean which are ya gonna trash? ( :+^ ) }[
My query was more of curiosity than of need. I hope to never have to dispose of the coins except to my progeny.
But if things get rough, It won't matter if the silver is not so shiny as it was, Right?

Drop the bottle on the floor~~~~~~~~he haw....

wish to do without censure or interference, most specifically interference from gubmnt. ( deliberate affectation of mine- GUBMNT I.E. )

I feel I am successful if no one hassles me and no one can rightfully accuse me of interference in their sphere of influence- - namely their lives!

I am learning to tolerate others whose behavior chaps my ***. They in turn can learn to tolerate me! Fair?
I'll say thbis: had I known what I know now, I'd have enjoyed life a klot more and so would those around me. I try to make time spent with or near me something for others to look forward to! 'tain't easy!!

GO GOLD!!! GO SILVER!!!

Hearty Congratulations!! You will henceforth be known to me as Stud Master/Permanente. All the best.

A gulp, toast of tequila for the little one. Congratulations!!!

Just logged on and saw your post. God bless
the new Strad Masteress!! And the best to you
and Mrs. Strad Master. A truly blessed event
that outshines even Gold.

Application to become a Green Bay Packer Fan.

Name: _____________________________ ,
CB Handle: __________________________
Neck Shade:
___ Light Red
___ Medium Red
___ Dark Red
Number of teeth in exposed full grin: ( neither can exceed 3 )
Upper: _____
Lower: _____
Mobile home color:
___ Two- tone, brown and white
___ Two- tone, pink and white
___ Faded green
Model of pickup truck: ______________________________
Size of tires: ______________________________
Length of right leg: _________________________
Length of left leg: __________________________
Note: To be accepted, you must be honest and you must be able to check
at least 20 items from the questions below. Note that a good Packer fan can
sometimes check many answers for some of the questions.
1. My favorite music:
___ Country
___ Western
___ anything played on an accordion
2. My favorite meal:
___ Head cheese & Old Milwaukee
___ Venison sausage & Old Milwaukee
___ Cheese Curd & Old Milwaukee
___ $5.99 Fish Fry
___ 7 courses: Brat & Six Pack
3. Preferred Weapon:
___ 12 Gauge
___ Tire Iron
___ Forehead
___ Chain Saw
___ Ice Auger
4. Primary Auto:
___ '67 Ford Galaxy
___ '67 Ford Galaxy with transmission
___ '67 Ford Galaxy with '73 Chevy Impala transmission
___ '67 Ford Galaxy with '73 Chevy Impala transmission and '71 Buick wagon
engine
5. I usually greet people by saying:
___ Ya Hey Dere
___ Dem Packers is playing like a buncha old women,
___ Dey should take da buncha dem Madison liberals and just linemup and
shootem
6. I can count to:
___ 10
___ 20, If I take off my boots
___ 21, when I get neked
7. I bought part of the Lambo "Frozen Tundra":
___ Yes
___ No . . . but I wish I had of
8. Favorite Reading:
___ Fishing Facts
___ Beer Bottle Labels
___ Guns & Ammo
___ Today's Mercenary
___ Polka Digest
9. Things in my front yard:
___ Various kitchen appliances
___ Cars on Blocks
___ Transmissions
___ Deer hanging from tree limb ( in - season )
___ Deer hanging from tree limb ( out of season )
10. My favorite colors are:
___ Green
___ Gold
___ I'm color blind . . . except when I have my "Beer Goggles" on
11. I mostly wear:
___ Polyester pants with holes
___ Green Bay belt buckle
12. The most memorable event I ever attended:
___ Minocqua Moose Call Competition
___ Omega Outboard Motor Repair Finals
___ Lake Tomahawk Crew Cut Championships
___ Carp Queen Beauty Contest
13. My favorite entertainment:
___ Deer huntin' while drinkin'
___ Watching Green Acres re- runs while drinkin'
___ Snowmobiling while drinkin'
14. Pick one:
___ Someone is helping me read this
___ Someone is reading this for me

Stradmaster: Congratulations!

Congratulations and a toast ( clink of glass ) to the new arrival!

Strad Master & Misses

Congratulations on new addition to the "wind" section:

from down under!

Congrats to you and your wife!!!!

"Spock ( 'Real' Money and Wetgold 9:50 ) ID#210114:
Wetgold, money is an artifical and psychological concept. If most people
think that something is money, then it becomes money.
Thus, if 95% of the world thinks government issue paper is money, then
it IS money. If the same amount of people think that gold is not money,
then it IS NOT money."

I believe it is more instructive to note that the artificial and concept of money enters the world of reality via Sovereignty and the law of the Sovereign.

For instance, in the United States today if someone tenders you a greenback, you are considered to have been paid legally whether or not you accept the paper for you goods or labor. It is when people begin to question what the Sovereign says that what people think is money can change what the Sovereign says. Fiat currency systems fail because people disobey the law. China has more experience with fiat currency than any other nation on earth. Marco Polo first brought the news to the West of the wondrous benefits of paper money in China. Of course, the penalty for refusing the emperors greenbacks was not economic death as it is in America, but physical death.

The same thing can happen between national sovereigns when thinking starts to change.

The posts on the Indian potential for gold production were quite interesting. The World Gold Council is quite optimistic about the prospects for liberalizing the regulations on gold in India. Ass India is an oil poor country and also a relatively poor dollar reserves poor country, India has a strong national incentive for a world trading system based on gold. But, since the socialist political mindset requires fiat paper currency, India's bureaucrats may never think their way forward.
Australia's have not been able to. Nor Canada's. I think the Japanese mindset is likewise and equally hindered despite the comments by Hashimoto. For international political reasons a gold standard would be appealing to the Japanese, but can their domestic political constitution tolerate the implications ?

China's regime is threatened by increasing unease in the country side and by the disparity of wealth between country and city, between interior and coast, between north and south. Would devaluation will ease or increase Chinese internal political tensions ? The answer to this question will tell us whether or not devaluation of the yuan will come. Because it will be a purely internal political decision by the regime. Any impact on the rest of the world is not their concern. And unlike Suharto, the Chinese will not give audience to Camdessus.

The Asian crisis appears under control for the moment in its banking and currency aspects. But, perhaps control is too rosy a word and the economic and political ramifications are still to come.

Don't know if it's been posted here or not yet,
but I'll give it a whirl:

http://www.geocities.com/WallStreet/4915/

COT currently almost 2:1 for commercials long
on gold and speculators short almost 7:1 !!!

Something has got to give. I believe today was
just a small taste of things to come.

( Applause ) .............Bravo!..... ( more applause ) .

I'm gonna tip one in her honor.

Date: Sat Nov 01 1997 23:55
ANOTHER ( THOUGHTS! ) ID#60253:
JTF:
The act being played out now is much larger
than the business of find the gold in the ground!
In the world today there are only three assets,
gold, oil and currencies. The paper currencies,
so long admired and accepted are now in a war
of self destruction. They will consume each other
in an end battle of Im the last man standing
but have lost all use as a unit of value. Each
nation state is trying to add a kicker or
premium to its trading paper as a means
of buying oil. This does not mean any country
will go without oil, they will have to work with
oil priced at a value rendering them uncompetitive.
National stock and bond markets do not like
this kind of news!
Inflation? We are not speaking of currency price
inflation here. This is currency destruction because
my national IOUs are being devalued by cheap oil
supply problems!
As was said before, the real gold market that most
people invest in is gone! Any gold trading paper
will evaporate in the heat of fire now starting to burn.
I tell you now, when the currencies are at nuclear war,
GOLD WILL NOT TRADE!

Congrats Strad. Babies are nice, but they tend to grow up. Ted you've got a little something coming your way. In the Scottish tradition I submit the following:

There once was a 94 year old nun back in the 1890's whose wornout body
began to surrender. Her doctor prescribed for her a shot of whiskey three times a day, to relax her. However, not to be lured into worldly pleasures, she huffily declined. But her mother superior knew the elderly sister loved milk. So she instructed the kitchen to spike the milk three times a day. Eventually, the elderly pious one approached her final hour. As several sisters gathered around her at bedside, the mother superior asked if she wanted to leave them any words of wisdom. "Oh, yes," she replied. "Never sell that cow!"

What else for an Asian investor to do.
As their shattered equity portfolio's bounce back marginally before the next fall.
Sell their paper assets and buy physical gold.
* * * SELL PAPER and BUY GOLD. * * *

How else will they protect their assets.
From the coming maelstrom.

This was passed on to me by a very asute trader.
Just his opinion.

Comments and discussion should be invoked.
As this could provide a monumental push.
For "my Precious"

* * * SELL PAPER and BUY GOLD. * * *

"Bill Buckler ( http://www.the- privateer.com/gold.html ) ID#257234:
The upturn in the $US Gold price has come in lock step with the upturn
on U.S. Treasury bond yields. At the beginning of the week, the only
bond that had any premium at all on the present 5.5% Fed Funds rate was
the 30- year bond, and it was at its lowest yield in history.



On Monday, there was no risk premium whatsoever built into U.S.
government debt. Now there is, albiet a small one as yet. As soon as
that happened, Gold got off the floor."

What are the connections here ? Rising interest rates should penalize a holder of gold. Explain why this is not simply weird coincidence ?

Tell me it ain't true~~~~~~~~~~

Congrats.

Strad Master

If I were you, I would go to the local drug store and purchase one of
those NUK MUFFLERS real quick.

Congradulations!!!!!

HOOSIER- - You are forgiven for everything except the "BEAT INDIANA" comment!

Give us an example of what is on Caperchat. Your description of the people and the place ie Cape BRETON have made me curious. Is it really that bizarre ? Nice lookin houses for little dough. Would love to visit Sydney and go to the Sheraton Casino. Dont Leave and come back to US sounds like you are away from it all. Do they get CNBC in Cape Breton.

Gold up almost $5.00 bucks today. What the heck happened. Did all the
bears take off early to get a nooner or what!!!!!!

strad- man- - - - - -

congratulations to you and your wife....children....the glue
of a marriage...and the greatest gift on earth!

Thanx for the link to the stillwater site. From that site I find, "Production of platinum group metals from the Stillwater Mine, Nye, Montana, increased 52% to 93,000 ounces compared to the year ago quarter
production of 61,000 ounces. Tons mined for the third quarter of 1997 were 147,000 - - a 28% increase over the same period in 1996. Cash costs per ounce of metal produced dropped 14% to $169 from $196 per ounce. ( Note: Stillwater Mining reports a combined realized price of platinum and palladium at the same ratio as ounces are produced from the Base
Metals Refinery, i.e. 3.2:1. The same ratio is applied to the spot market price.
So, more PGM's are coming to market and at a much lower cost ( combined ) then we are seeing at spot. Damn! Haggis, am I s'pose to let go of the bottle first or fall with it?

Strad Master
My hearty congratulations to you and yours.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Your children are not your children.

They are the sons and daughters of Life's longing for itself.

They come through you but not from you,

And though they are with you yet they belong not to you.

You may give them your love but not your thougts,

For they have their own thoughts.

You may house their bodies but not their souls,

For their souls dwell in the house of tomorrow, which you cannot visit, not even in your dreams.

You may strive to be like them, but seek not to make them like you.

For life goes not backward nor tarries with yesterday.

You are the bows from which your children as living arrows are sent forth.

The Archer sees the mark upon the path of the infinite, and He bends you with His might that His arrows may go swift and far.

Let your bending in the Archer's hand be for gladness;

For even as He loves the arrow that flies, so He loves also the bow that is stable.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
by Kahlil Gibran

R.Rubin was interviewed this evening by J.Leher and looked and sounded incredibly neblulus and defensive. When asked about
Senators charges that the IMF bailout was "Welfare for wreckless Bankers" and that Bankers took "stupid risks" and are now looking
at US taxpayers for "Bail- out" He bristled: "We will not spend a NICKEL
to help said investors and Bankers, that said IMF Bail- out was done in
the "US National Security Interests" but it was possible that said Bankers would be compensated "indirectly" and that the US "interest" is Stability.
He also was evasive on the question posed relating to the "Moral Hazzard" of investing to which he replied "We are working with the
Federal Reserve and others to ensure economic stability in the region"
He also stated that the IMF intervention has avoided very serious risks around the world economies including the US.and added "At least
FOR NOW, NO GUARANTEES" He also mentioned , interestingly that
the US was the only country in a position to help SE Asia? I find this
comment most revealing. This "Asian" crisis which I previously posted is IMHO NOT Asian but a World crisis, is far from over.

Some here have posted that they beleived that the upturn in Gold prices
was directly related to the Asian Equities Markets, and to look for further
gains in said Markets in order for GOLD to move up. I do not agree.
I believe the current move up in GOLD can be directly linked to the move up in value of the YEN, vs the US$, up almost 5% this week. Platinum and Palladium loved by Asians were also strongly up this week.
I would look for further appreciation by the YEN vs the US$, I believe
the Asians lead by Japan,had threatened to liquidate US$ holdings on mass, this in contrast to the other major currencies the Mark and the Swiss Franc and Pound that virtually did nothing, although I suspect
that the US$ will begin to move up against these currencies soon, and
thereby prolong the US$ + Equities GAME a while longer.

All will remember the birthdate of KATALIN- TEREZ Belogh, because it marked the start of the 1998 GOLD BULL MARKET!

VIVA KATALIN- TEREZ! VIVA KATALIN- TEREZ the First!

Ted, the rabbit died. You are going to be a father. Actually the parable is symbolic. The rabbit is the paper market. You are going to be the father of the rising metal market. I'm off to the land of dreams of sugur plums, Kruggerands and streets of gold.

The saddest aspect of the Pegasus collapse is that it indicates concretely the inflexible nature of the bankers who have financed the industry in the past. This inflexibility stems from their categorical belief that gold is a doomed commodity destined for the trash bin of history. They see no sustainable upside and so it is not too difficult for them to pull the plug. I am sure that, if it were possible do so, most of the bankers who already have funds committed to the gold industry would withdraw every single dime...whether you're speaking of Pegasus, Homestake, Barrick or Newmont...the entire industry is anathema to the banks today...that is part of the New Paradigm, i.e, gold is SH__T.

As an active investor in the industry, you learn that you win some and you lose some. It is always disconcerting and you always hope the winners make up for the losers.

But I still love risk...It invigorates me...and there is nothing like contrarian risk...and the rush you get when you know that you are part of the 2% of the population that gets the big score!

In fact, it is "gold- bug rush" that I am describing. Anybody who is actively invested in gold is a peripherhal lunatic, a contrarian, and a member of a dwindling minority. AND DON'T YOU JUST LOVE IT!!

There are several gold investors who are gloating over Pegasus' failure.
That is a mistake and I have spoken about this in the past. The single greatest weakness in this particular industry today is its factionalization and failure to unite, such that the strong shore up the weak. In one sense, that is no surprise because if you look at the history of gold explorers, they always have been independent loners...each frontiersman went out into the great wild on a conviction that only he really knew where the big score existed. Individuality, not collectivism, runs in the blood of the gold producers.

It is a shame that another gold producer did not come to Pegasus' aid. It is a shame that gold producers do not more actively co- operate ( like OPEC producers ) . Because when companies like Pegasus fail, it creates a contagion that may spread to stronger producers. Just look at how Pego's failure infected the performance of Echo Bay stock today! On Tuesday, it may be Barrick stock taking a huge dive...because as we learned from the Bre- X collapse, many investors do not bother to discriminate between the "good" producers and the bad. They react with emotion rather than intellect.

Moreover, a significant gold producer bankruptcy is bound to create even greater stigma toward the industry and make it much harder for others - - no matter what their financial shape - - to obtain funds.

Again, I advocate that, if any of this preceding message makes sense to you, then go disseminate it to significant players in the industry. Go make a difference.

And for those who lost out in today's developments...do not be discouraged...pick yourself off the ground, dance a little, write a poem, and look forward to the next big score!!

YOU KNOW IT'S COMING!!

ding ding~~~~~~

Strad Master: Mazel Tov.

These markets are up because the whole world thinks that AG & RR will bet it all to keep this scam going. The road keeps caving in behind them the can't go back.

If an active miner reports large reserves and doesn't make any profits from the property, or it reports huge potential and is not mining the property but has debt that would choke an elephant.....BEWARE, they may be taking lessons from DC, Washington that is.
Reserves are nebulus creatures, many factors exist that can change their status rather quickly.
Better to select a smaller miner, that makes a PROFIT and has shown a tendency to keep its reserve up with reality without hype.
OK, if the former sells for a dime and it has a benevolent parent to back its debt, you might take a stab at it.

absolute crap is on caperchat ( won't they let ya in? ) ...and yeah,things are a little bizzaro in CB and thus the cheap prices....Of course I can get CNBC ( they're 'family' as my real ( ?? ) one suks ) on me little satellite dish....Have had dish's for probably 10- 12 years and wouldn't ( couldn't ) live without one....

Good fight on ESPN 2

Strad Master: Congratulations ...try to get some sleep- - - tonight.

The ideology of Communism is not dead in China. By devaluaing the yuan the Chinese can accomplish these things:

1. stop growth in the coastal and southern cities, forcing the unemployed to return to their villages where they are more easily controlled
2. appease the peasants who are the backbone of their political support
3. disturb, at a minimum, the West's trading economy

If I were a Chinese Communist, I would devalue the yuan and drag the HK dollar down with it. Can anyone think of a reason they should not ?

If this is indeed the twilight of the paper dollar reserve trading system, America may well be compelled to repatriate those soldiers and sailors on whom the sun now never sets and who serve separated from their loved ones even as you read this. I, for one, think America should never have gone over there in 1914. I think our national cost has been far higher than our gain despite the advantages of having the reserve currency since WWII. We are saddled with huge, huge debt, including the war debts of our allies, the debts of the world's most expensive arms race, and the debt of the Marshall Plan and foreign aid. Who will come to the aid of the American people to deal with this debt ? And after all this cost, the world is not safe for American ideals and I don't mean demon- cracy.

Aye, Haggis, I think the jokes on the Americans.

Jack: could you give us the names of a couple of Canadian mines that meet your criteria?

ROR- Red Neck Bull S. detector going off re C.B. Notice generalized comments with no meaty descriptive/examples. "Red Neck" is bitter &

wants to slaughter everyone on this beautiful fair isle. Red Neck is

running away for a reason- but- he's still stuck with himself. Let's

hear specifics Red Neck. Let's hear it about the "company towns"

that ruled with an iron fist & broke our backs. We're comin' back &

we don't need the likes of you spreadin' falsehoods. go to our casino

in Sydney & socialize with your kind while I bust my butt going nowhere.

Easy for you to be cocky isn't it. Lost relatives & friends in the coal mine & you call this Cape Lazy/Cape Stupid. I'll be there to see you off

to Maine & smiling. What did you do for C.B. We don't need you on this worldwide forum spreading misinformation. Sorry all- as Red Neck says.

Go gold- I am a true supporter also. Know nothing bout gold- but am invested bigtime. Keep up the gud work. Have learned a lot in the past week. Regards.

Such Wonderful News! The Greatest of God's Gifts. Our very best wishes to you and Mona on this special day...January 16th. Here's to Mona and Katalin!!!!

sharefin- - - -

the recent bounce in asia is most assuredly the opportunity
of a life- time for those desperate folks.....they see the
writing on the wall, and most never believed they would get
another chance to sell their paper.......just like today
here in the us markets.....big sell- off at the close.....
the strong hands have trapped another herd of peopleo in
their kraal.....the whip cracks, the stampede begun.....
yet there is no place to run....the kraal shrinks everyday ( liquidity )
and the peopleo cannot escape....their greed has blinded them
there will be no more warnings......the kraal door is closed...
...the glue factory will have free fodder for aeons and aeons.....

bonds down almost 1 full pt......
grains staggering from reality.no demand..huge stocks..rally stopped cold
curriencies down......euro....north american....again....

what next? really BIG down days are coming very soon in these areas...

...this paper- slave has a fire in its' belly...
it is a pyro- phoric and cannot be extinguished with water.......

!;cherokee!;..walking- amongst- the- milky- way- - looking- for- lost- peopleo- -

All:

Heard via my wife who is in Spain visiting her family that my father- in- law offered her the comment that "gold is no longer considered a precious metal and should not be bought or even considered an investment". This is noteworthy because it underlines the success that the "powerful ones" ( to quote ANOTHER ) have had selling their message to the masses, penetrating even there where otherwiswe very little enlightenment is to be found.

There is a new site posted at Colin's Stock Market Crash Page in London called Princeton Something Group that offers a very penetrating discussion, complete with historical examples, etc. of money and its relation to gold. ( Also a good discussion there about the Bank of International Settlements ( BIS ) ...both articles highly recommended! ) They convincingly make the point ( which is showing up here in our discussion quite a lot lately ) that money is what what the majority of people thing it is. Obviously, if a provincial inhabitant in a far- off- the- beaten- track corner of Spain, thinks that gold has lost its value, lots of other people think so too.

But, funny thing...when it comes to squaring of accounts between nations, when it really counts, what does the BIS use? Yup...Gold!

Red Neck- Tell the true story. Speak of the hardships the Scots/Irish
went through. Unlike Cherokee, look backwards for a sec. Speak about
the rule of the "Companies". Speak about the Enterprise Cape Breton money
that was bled for here. Speak about the clingons that stole money on
aboriginal projects. Why do you not speak of reality. No- we are not entepreneurs- we shovelled your sh!!t for years- but we are trying & we will overcome. Would rather stay here & fight. We do not need you. Go!!!!- Go Gold. Again. Sorry all. Hate half "stories"/misrepresentations.

Hey you injun metafizzician upside downtown resident,
breechcloth headress inside- out & backwards. Ever park
that smoke& mirrors mobile at the FOOT of the yield curve
where time doesn't flow and the slope doesn't slow and
look up at what's looming the emperor's new clothes,
aft gang aglie.

As the good Hunter knows, Tonto, when the going gets
wierd, the wierd turn pro.

Later, gotta pick up the girls from karate class and a jug
too methinks. Haven't been thirsty for a month but this demented
Haggis is gettin' to me. Arse from elbows indeed.

Welcome Katalin Terez!

Your arrival is what's important in this world of ours. Enjoy the love that surrounds you and someday pass it on to someone else.

How long will it take to drive from No. Va. to Cape Breton? Is it possible? What are the rates at the Sydney Sheraton two adults and two kids? Thanks.

Alan Greenspan is no dummy. In addition his writing is firmly in the gold corner. Given the deflationary forces at work in the world today, his obvious knowledge of the markets, how absurd this feeling I have that he will stun the world and link the dollar to gold.

Given the currency devaluations around the globe it is inevitable that the almighty dollar HAS to be devalued. If the dollar is not tied to gold lending a stability the financial world must have, they risk losing everything in a global meltdown.

Allowing gold to rise to a price in line with the overvalued equities and such, and then locking the dollar in and tying it to gold might just save the globe from a depression the likes of which the world has never known.

Certainly many of you have far greater knowledge of economics, finance and the metals. I just thought I would throw this into the hopper and see what you all think.

Inverarry Inn- Baddeck, C.B. Highly recommended.

I say, bloody good show. Congratulations!

India is encouraging the import of gold. India may a poor country but they are ahead of the rest of the world in recognizing the future currency.

I have been lurking for 6- 8 months. I saw the post about a GOLD LUCK CHARM for John Glenn. I'm a dentist and jeweler, GOLD of course is my favorite medium. I would absolutely treasure the opportunity to cast { Lost Wax }a piece for his historic mission. Please E- mail me at k& bferg@gpcom.net in case I miss the post. Thanks

AG cannot link the US dollar to gold.
That would take the signature of printin clinton.
He has the same socialist mindset problem with fiat currency that the Aussies, Canadians, Indians, Japanese, and almost everyone else has.

There is no such thing as link to gold, actually. There is paper as reserve currency or PM. A link is just debasement denominated for all to see.

Trans Canada Hwy- all the way. Unlike how Red Neck presents us- we do have
highways & we are civilized ( somewhat ) . Red Neck- when you sold your luxury
residence- did you advise the purchaser what a lousy place this is- such
as you have presented this image to our new world community ( order )

Nothin' - you've already asked her TWICE!! ( Tasteless joke - sorry ) .

I've waited years to see gold where it is today. Gold will always come through when push comes to shove. It may be low for a little longer but wait until oil gets a little tighter as the developing nations come on line with a big thirst, Then watch out!

Currency differs from money as bank notes differ

from bullion - ( IMHO ) .

Re- drive: too long!!!!....Sheraton only has a casino- - - no hotel ( this ain't Vegas dude )

Go screw yerself ( grin thing ) ...

I hate to be contrary all the time. I might remember the date the gold bull market started but only because it is the birthday of precious Katalin- Terez!

just dreamin

Cherokee
I see the same.
Coming very soon in a cataclasmic crash.

But do not discount one final burst,
The last orgasmic utterance from paper.

Recently we have seen the power,
Behind the" powers who be."

They have yet to capitulate,
And will not go gracefully.

But this bump in the road,
Will derail one and all.

Folly, Frenzy and Fear.
Soon to entertain us all.
As we take our ringside seats.

Read these web sites well before you select.
Listed from small to somewhat bigger with some IMHO from here. http://www.aurizon.com this small miner has done fairly well.
http://www.richmont- mines.com only one losing quarter since mining began. RIC took a losing LAC mine and made it profitable. The above are consevative players, by my standards.
http://www.viceroyresource.com their 75% owned Castle Mountain came up with bad news, higher stripping ratios and lower grades. Company was almost suckered in by MK problems. Brewery Creek is a turning point, but some drill holes at Castle Mountain would make even ABX blush.
The granddaddy http://www.prime- res.com speaks for itself. If you like silver you will like Prime.
A bit more speculative because of debt is Mcwatters Mining.

Quit tryin' ta confuse me. ;- )

Let's see your most negative statements be much more specific. Give
examples. Provide background info. You present the problem but no solution. Easier to go to the U.S. Cherokee can handle the lawn mower
blade- you cannot even handle yourself. Escape while you can. Capers@
Cape Stupid/Dumb do not want you!!!!

G'nite bro~~~~~~~~~~

He hasn't done a da*n thing for the space program since he left back in the 60's. Since then he has been padding his wallet with the rest of the politicans.
If you want a coin to fly, send it to me and I'll get it on board.

Do you think the metals will take off in a crash or do you believe that they will be dragged down. In this specific I am speaking of mining shares.

To me certain companies like Oro Peru for instance are grossly undervalued now.

Just curious and I know it is alot to ask for a prediction of sorts. It is an opinion and I realize that. Just trying to see what your thinking is along these lines.

So far in the history of the Republic, we have elected a new President every four years.
Your dream is at least a realistic scenario for a transition from the dollar to gold as the world's reserve trading currency.
I can even imagine clinton doing it if his ambition to make a mark in history eclipsed his public ideology.

tolerant1- - - -

that scenario of tying the dollar to gold- - again- - -
is the ONLY WAY to prevent what is coming.....if
he is contemplating this.....he has very little time....

this very act, will be the last resort for their
ilk.....it must be in their war- book somewhere......bankers- last- resort-
this would enable 'THEM' to retain their control over
that, which even now, slips from their grasp....

silver's spirit has been tainted........options for protection, or
a ticket to ride.....she's got a ticket to ride...the beatles.....

!;- - the- ssm- has- issued- many- tickets- to- ride- - - - be- prepared- - -

Well put. Have you ever been to http://www.e- gold.com I feel very strongly that those folks are way ahead of the curve. We have an alternative payments system, e- gold. Now if I could just get more folks to go there and at the least read the materials, at best open an account and test the system.

I have been a fan and customer ever since I happened across it some five months or so ago.

Right, nobody cares about a little tarnish on silver bullion, at least I don't. But what if someone had Gramp's coin collection in the bottom of a drawer, and there actually were some valuable pieces in there losing price value because of plastic?

Somehow a space seem to find itself in after the - thingy, forgot what they call them.
Try http://www.richmont- mines.com

and http://www.prime- res.com

Hope this helps

I understand your words. I have many friends around the globe that are going to get creamed in the coming debacle. Perhaps it is the optimist in me which is constantly hoping that leaders around the globe grow a brain.

Mozel ( 21:47 ) Re Rising bond yields and rising Gold price. Did you notice that when Gold was going from almost $US 340 to under $US 280, the long bond yield dropped like a rock to hit its lowest yield in history?

All sustained Gold bull markets come together with RISING US bond yields. This has been true ever since Gold became subject to market forces in 1971. There is no such thing as an obligation to be paid in future that does not have a risk attached to it. Lately, the yields on long bonds have been so low that no such risk was reflected in them.

Rising bond yields, especially at the long end where the Fed has limited control, are an indication that an increasing perceived risk is being added to the "cost" of holding U.S. Debt paper. When an increasing risk of holding anything emerges, people start to get cold feet about holding the asset and/or they cast about for a "reciprocal" asset. That is an asset which can be expected to rise in value to offset any potential losses in the other asset.

That's the historical link between gold prices and bond yields.

my appologies to vronsky and gold- eagle
if any of you thought i was offensive in my last
posting 09:34, today.

I could handle multiple exact postings from
vronsky when i could quickly tell that i had
already visited the site, but cut and paste does
not help in this respect. On the otherhand, it
was pointed out to me there is no other way to
anchor some url's. I am told that the
motivation for putting url's in the subject area
was to help users get to those url's.

But now people are posting with perfectly ordinary url's
in the subject area. ( Which I think would be great, if
they were correctly turned into anchors. )

I am sorry, vronsky, took offens at what I said.

I should like to say publicly that vronsky has made
considerable contributions to the community by making
the collection of articles readily available. I often
visit gold- eagle and find useful information.

I re- read my posting and now having been flamed
and roasted and humbled, I will retire into the
lurker's safety ...

Thanks, "wert", for your posting, 09:44.

Thought I would respond to your China scenario of probable yuan
devaluation. Firstly, I believe that the Chinese have historically been
an exceedingly patient peoples, and their main goal of total Chinese
unification meaning Taiwan is at this time their NO 1 objective. this would
mean then, that of course they could inflict serious damage to the
capitalist world trading system if/when they devalue, since the current
"crisis" has been blamed by many on the last devaluation by China.
Hong- Kong was supposed to show the Taiwanese that the motherland
could indeed live with a 2 tier economic system, if they allow the HK$ to sink rapidly, it may not play well for future Taiwan unification.
HK was also to be the link to the capitalists, for a while . but I agree
with you that they have threatened to devalue and I'm certain have
obtained concessions from the US on Taiwan which is now almost
completely isolated from the rest of the world, while they hold off
devaluating. It will be interesting indeed to see how this question is
resolved, if at all...
But if one looks at China today it is not yet a true superpower, that is
both economic and military, but if they stay the course, it is estimated
that in 5- 10 years they will be a true superpower so IMHO it would be
in their best interest to keep the paper GAME going at least until they
arrive or are close to arriving at superpower status. The question I
suspect we will all be asking then will be "How did we allow ( help ) China
become a superpower"? because it will mean necessarily the end of
US$ as sole reserve world currency.

On the issue of the debt from the US involvement in SE Asia etc...
let us not forget that we simply gave them paper dollars in exchange
for not only enormous amounts of physical goods, but also they freed
our peoples from the daily mundain ( slave ) labour in order to concentrate
on such things as education, new technologies inventions, etc....

Also your comment about AG never going back to a Gold Standard,
I had posted here numerous times now from credible sources how
the US$ is, as we speak, tied to GOLD and I believe that SDRer had
found a similar relationship of its various currencies to Gold.
If you don't believe that the US is eventually going to be forced to play
the GOLD card, why hasn't the US sold most off it's massive Gold holdings?

Hmmmmm. I seek not to open a Glenndoras Box. What I sought was a shameless method of promoting gold, wishing some brave souls luck on an adventure and hopefully creating somethng positive for gold out of an event the entire world will be watching.

You guys know your stuff. Keep enlightening/spreadin the news. We will
succeed. I lost a piss pot full. Hopin' for turn around. Your words are
biblical for me in proportion. Choose them carefully- you have a lot of watchers ( hate the world lurking ) like me- pondering/comtemplating/making
quick decisions. Thanks guys/gals for your reasoning. Helped me a lot.
Don't forget- on this forum- we do not have localized citizenedship. We
have our own community. What's my point???? I do not know. Am on the juice now. Gotta go. Thanks folks. Will be sober in the morn & will
be watchin' as usual. Can't stress enough how much I learned. Regards

You guys know your stuff. Keep enlightening/spreadin the news. We will
succeed. I lost a piss pot full. Hopin' for turn around. Your words are
biblical for me in proportion. Choose them carefully- you have a lot of watchers ( hate the world lurking ) like me- pondering/comtemplating/making
quick decisions. Thanks guys/gals for your reasoning. Helped me a lot.
Don't forget- on this forum- we do not have localized citizenedship. We
have our own community. What's my point???? I do not know. Am on the juice now. Gotta go. Thanks folks. Will be sober in the morn & will
be watchin' as usual. Can't stress enough how much I learned. Regards

and plenty of dollars too!

America is just like Japan on this question. Domestic political fallout for the ruling socialist parties are the difficulty. Socialism absolutely requires a fiat currency. It enables the secret redistribution of wealth about which AG wrote.

When the US reneged in 1971 and asserted its sovereignty it showed the vulnerability of balance of payments transfers of gold to unilateral sovereign action. And it showed that gold is a political metal. A reserve dollar fully backed by gold could not be the same dollar as the domestic American dollar. The separation of reserve currency from national sovereignty is the key to global currency and trading stability.

Thanks Jack. I'll look into them tomorrow.

A solid point.

mozel: excellent insightful posts, but I take issue here:

"I believe it is more instructive to note that the artificial and concept of money enters the world of reality via Sovereignty and the law of the Sovereign."

I don't believe this is true. Carl Mengers "Origin of Money"
http://www.fame.org/research/library/cm- 001.htm
is what generally refuted the idea that a 'state' or 'monarchy' or ruling
soveriegn of some sort is required for money to materialize. It is more an unintended consequence of individuals looking to lower transaction costs and it evolves with increased trade regardless of governance.

"Fiat currency systems fail because people disobey the law."

I venture to say that it is the exact opposite phenomenon that occurs: When the law disobeys the people the fiat currency fails.

Solid points. I appreciate the dialogue as I sincerely do not have the education nor the background to fully grasp all that you discuss. The two of you and many others here teach me much on a daily basis. Thanks.

Tolerant.
If we get our crash.
All pieces of paper will be marked down.
After all, all we are seeing is the same,
As what has just happened throughout Asia.
A re- evaluation of asset prices.
Regardless of their nature.

Even though gold shares are historically cheap.
They can well go cheaper.
We have just seen cause and effect on PGU.
Liquidity will be king.

The mini fall experienced on Oct 27th,
Proves the point.
Gold shares were sold down again.
They showed no mercy.

When debts must be paid.
Assets will be sold.

~~~~~~~~~~~~~~~~~~~~~~~~~
I have a belief that physical will do the same.
Looking back to the crash of Asia,
We noticed that all assets were liquidated,
To cover losses of paper.
Gold included.

To look forward, to see,
The results of a 40% fall in equities.

Many, many will suffer and burn,
As their paper assets disappear.
They will have to cover their losses.
And these losses will be monumental.

The bigger houses have the greatest risk for failure.
And will have to sell immense sums of assets,
To pay their way out - to survive.
Many will collapse,
Under the shear weight.

They claim that $1.5 trillion has burned through Asia.
When the global equity markets fall,
This figure could well exceed $10 trillion.
$50 to $100 trillion if the derivative markets collapse.

That's going to take a lot of assets to pay off.
Many will fail and go bankrupt.
The ones with assets to back their positions,
Will have to do a lot of juggling.

Maybe we are seeing the preliminary bounce in gold,
As many foresee this future.
But I doubt the bottom will 'definitively' be in,
Till the chaos has been cleared.

When the debts have been cleared,
Why shouldn't "my precious" go to the moon,
As many loose faith in paper.
And look for a solid real asset.

Thank you my friend.

What do you think the odds are that a company like Merrill Lynch will go up in smoke?

Just curious. I realize this is an open ended question. But I feel that many in Asia thought they had stability with the companies they dealt with.

Lou Dobbs on CNN made the statement tonite that "Platinum dropped $14 today after making an 18 year high last week" Somebody, methinks is makin a new 'high' but it twasn't Plt'numb. Are these financial people really that ignorant of the difference between Plt'numb and Palladium?

SHAREFIN:

Did you catch tonite's program with James Dines?

If so, what did he say??

ACCORD