GM And Bill Gates
At a recent computer expo ( COMDEX ) , Bill Gates reportedly compared he computer industry with the auto industry and stated "If GM had kept up with technology like the computer industry has, we would all be driving twenty-five dollar cars that got 1000 mi/gal."

Recently General Motors addressed this comment by releasing this statement "Yes, but would you want your car to crash twice a day?"
1. Every time they repainted the lines on the road you would have to buy a new car.
2. Occasionally your car would die on the freeway for no reason, and you would just accept this, restart and drive on.
3. Occasionally, executing a maneuver would cause your car to stop and fail and you would have to re-install the engine. For some strange reason, you would accept this too.
4. You could only have one person in the car at a time, unless you bought "Car95" or "CarNT". But, then you would have to buy more seats.
5. Macintosh would make a car that was powered by the sun, was reliable, five times as fast, twice as easy to drive, but would only run on five percent of the roads.
6. The Macintosh car owners would get expensive Microsoft upgrades to theircars, which would make their cars run much slower.
7. The oil, gas and alternator warning lights would be replaced by a single "general car default" warning light.
8. New seats would force everyone to have the same size butt.
9. The airbag system would say "are you sure?" before going off.
10. If you were involved in a crash, you would have no idea what happened.

The big money is not made by us - ie little guys in the market. The Dow could hit 15,000 in five years-yes-but that' just over 10% a year. Big sh**t!
It aint going to make you or me rich.

Now lets start a high tech gizmo company and sell $20,000,000 worth of stock and watch the market frenzy drive it up 10 fold and now your talking.

Or better still lets starta gold company, keep producing, sell at any price, and never pay our shareholders a dividend- sounds good to me.

I currently hold 20,000 shares of SSC. Since I acquired them I'm going to let it ride. I do'nt want to sell and then kick myself, because I believe we're in for a long move this time. ( beside, I'm sitting pretty now. I got in at $0.75 ) There is a correction in silver now, which is normal. $6.50/oz is still a good run up from $5.00+/-. Better than gold has shown. Not many here want to believe gold is a controlled commodity as i've posted before. Until the baby boomers stop inserting $18 bil +/- /mo into equities, interest rates rise substantially, the dollar is currency of choice, we're all whistling dixie! ( also the propaganda mills stop asserting everything is hunky dory )

REMEMBER, THE NAME OF THE GAME IS MAKE "MONEY!!!! NOT HIT YOUR HEAD AGAINST A BRICK WALL. I'VE DUMPED MY GOLD HOLDINGS UNTIL I SEE A REAL TURNAROUND. I BELIEVE THERE IS STILL A WINDOW OF OPPORTUNITY OF SEVERAL MONTHS TO STILL GET IN GOLD AFTER THE TURN, ALBEIT AT A HIGHER PRICE, TO MAKE GAINS.

The type of trading I told you about is not that hard to understand. The main criteria is to find something that has a low downside risk and moves in a narrow range. After all, when an equity such as SSC is $1.00/share or lower, unless they go into bankruptcy ( which they did for a short period ) , on a big block you can trade for small percentage gains using techs that I mentioned and your winning trades usually offset any losing trades by 3/1 or better.

When we have crisises such as Asia, Clinton, threat of war, and gold does'nt move, you know ( or should know ) the game is rigged, for now.

GO SILVER-HI HO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

PRICELESS!

Just when you think that nothing worse can happen, remember: MURPHY WAS AN OPTOMIST!

I will take a Mac anytime!
Why hassle with DOS & Gates.

HighRise

No one here can honestly tell me they
know what will happen and what will
be. It's impossible. P.M.'s have their
place. But you are not going to tell
me that one should have more than 10%
of ones wealth in the stuff. Some here
believe they will make a killing investing
most of their wealth in P.M.'s. It is not
going to be that easy. You will find out
the hard way and later pay the piper.
One will get lucky, but most of you will
fail at it. It's your life, do with as you please.
And pay the piper when your finished gambling.
Isn't that how it always is. Very few ever sneek
by without paying the price. Here's your
odds 100 to 1. Good luck !

HOWEVER WHEN I DECIDED TO JUMP IN WITH BOTH FEET I KNEW COME HELL OR HIGH WATER THAT I COULD STAY THE COURSE AND I WILL. ALL STOCK AND ALL GOLD IS PAID FOR IN CASH SO NO MARGIN CALLS FOR THIS COWBOY. IF GOLD DOES SOMETHING VERY UNUSUAL I WILL JUST HAVE TO WORK HARDER.

rural community...He loves smoking expensive cigars while playing
golf. That's my very own contrary indicator!

Date: Tue Feb 24 1998 00:00
sharefin ( Give me a Mac Car ) ID#284255:

A GREAT post sharefin. Very refreshing.

CAPITAL SO BE CAREFUL WITH YOUR EMOTIONS.

I hear you dude!

If Asian prices dropped due to currency devaluations, and Greenspan has not tightened to stave off inflation from high employment think about this:

Obviously this is a strategy which puts American corporations margins and profit at risk, undercutting future purchasing power. i.e. we offset rising wages with cheaper consumer goods so therefore American costs rise while import prices cannot be beat

My point though is that a decrease in import prices is a one time gain whereas wage/price inflation is a continuous spiral. If employment stays as high as it is, Greenspan must tighten credit and slow down the economy regardless of current aggregate inflation numbers. Otherwise his strategy is very short term.

There is already alot of newly minted greenbacks sloshing around in the world now and we only need wait until they find their way home for instant inflation. The fed is poised to soak all that money back up by re-issuing all the Asian bonds they are paying cash for now when the tightening is to begin.

Not that kind of head, you idiot. ( GOOD REPLY, INTOLERANT. )

It is Nick Cabrerra or close. Excuse me if I
spelled your sir name wrong. I'm sure thats
you and don't give me the song and dance
partner. You were right there neck to neck
with Puetz running the same horse race.
I'm sure if you were to ask EB how far
behind you ran with Puetz, he would
tell you right on his ass. No offence EB.
Just getting to the truth.

but there is always the special moneymaking circumstance. I always wonder what traders do to time sales and set limits during the big runups so they maximize the big profits without having to sit glued to their computer screens.

Date: Thu Feb 12 1998 17:06
Heavy Hitter ( GOLD HAS BOTTOMED ) ID#403159:
Physical demand is extremely high at
anything under $300 gold. The midas
has seen bottom at $280. A large sell
off is not going to come anytime soon.
Good investing and go gold. ( not too
high ) .

Gee, Heavy ( s ) Hitter, remember what you just said on Feb 12??? "No sell off coming anytime soon?" You just don't get it, do you? The more you pollute this site by posting, the stupider you look to everyone. Try to stop forgetting that people are reading your inane comments all over the world. And you know what? It gets even worse. They can keep on reading them in the archives for who knows how long. Oh well, as they say in Hollywood, "That's Entertainment!"

100:1 that maybe was true with Gold @ $400,
you have to admit the odds are better @ $ 293.

The turn around is closer today than it was @ $400.

What are the odds in the DOW today?

I wish I could of bought every share and coin @ 150 but I didn't, I have averaged in as the market has fallen. It will take time. NEM @ $28.72 cost w/ commissions.

But I do have to say, that if I would have known what was going to happen in the WhiteHouse, Asia and Mid East - I don't know what I would have done.

HighRise

Whats worse? Chinese water torture or kitco.
I'm not sure but I think I'm willing to try the
first one.

defense has to set up a fund due to mounting bills. So the commentator said he could not understand that, shes used to mounting bills.

As I said, I'm holding on now because of the fundamentals in place such as WB, spike in silver, etc. Otherwise when something as SSC was in a long basing pattern, I just placed an open order to sell at a plus 1/8 or better. ( no need to sit there all day and wait ) Like my pappy used to tell me, ONE IN THE HAND IS BETTER THAN TWO IN THE BUSH!

GOOD HUNTING 223!!!!!!!!

Holy, holy, holy...the Dow cannot fall!! Repeat after me...the Dow cannot fall!

It is a holy, holy Power...it rises with the Blessings of the Lord...kissed and anointed by the Angels of God!! It soareth to 10,000 fifteen days past the Ides of March.

Whereas Precious Metals are the repositories of Sin and Evil...created in the Whorehouse of Mephisotopheles. They have the value of the valueless...they are the riches of the unriched.

Yea, though I walk in the Valley of Shadows, I know that the Dow is my Shepherd, I shall not want! It riseth upward, emboldens and enriches my soul.

BELIEVE IN DOW POWER!! ACCEPT ITS SANCTITY AND ITS OMNIPOTENCE!!

CAST AWAY YOUR PRECIOUS METALS WHICH WILL BECOME EVER MORE IMPRECIOUS!!

Heavy Hitter

You are wrong, wrong, wrong!
It was I who held the SP puts.

But what is it to you?
You waste the bandwidth here.
Antagonistically attacking others.
You post continually - just garbage.
Buy the way what other handles have you posted under?

This ones for you to cheer you up.

~~~~~~~~~~~~~~~~~~~~~~~~
MEDICAL TECHNOLOGY
------------------
One day, Pete complained to his friend Woody, "Man! My elbow really hurts.
I guess I should go see a doctor." Woody said, "Don't do that! "There's a
computer at the corner drug store that can diagnose anything quicker and
cheaper than a doctor. Simply put in a sample of your urine and the
computer will diagnose your problem and tell you what you can do about it
and it only cost 10 bucks."

Pete figured he had nothing to lose, so he filled a jar with his urine
sample and deposited the $10.00. The computer started making some noise and
various lights started to flashing. After a brief pause, out popped a small
slip of paper which read:

YOU HAVE TENNIS ELBOW.
SOAK YOUR ARM IN WARM WATER.
AVOID HEAVY LABOR.
IT WILL BE BETTER IN TWO WEEKS.

That evening while thinking how amazing this new technology was and how it
would change medical science forever, Pete began to wonder if this computer
could be fooled. He decided to give it a try. He mixed together some tap
water, a stool sample from his dog, urine samples from his wife and
daughter. To top it off, he masturbated into the concoction.

He went back to the drug store, located the computer. Giggling like a giddy
teenager, he poured in the sample and deposited 10 bucks. The machine again
made the usual noises and printed out the following
anaylsis:

-YOUR TAP WATER IS TOO HARD.
GET A WATER SOFTENER.
-YOUR DOG HAS RINGWORMS.
BATHE HIM WITH ANTI-FUNGAL SHAMPOO.
-YOUR DAUGHTER IS USING COCAINE.
PUT HER IN A REHABILITATION CLINIC.
-YOUR WIFE IS PREGNANT WITH TWIN GIRLS. THEY AREN'T YOURS.
GET A LAWYER.
-AND IF YOU DON'T STOP JERKING OFF,
YOUR TENNIS ELBOW WILL NEVER GET BETTER.

February 23, 1998
GM's Saturn workers to hold referrendum on contract

SPRING HILL, Tenn. ( Reuters ) - Union workers at General Motors Corp.'s Saturn small car unit voted overwhelmingly Monday night to hold a referendum next month on whether to scrap their unique Japanese-style labor contract.

Of the 1,300 members of UAW Local 1853 who attended special meetings Monday, 86 percent voted in favor of holding the referendum, according to a spokesman for the union.

Many workers also are unhappy with rules governing seniority and shift assignments. The plant operates two 10-hour shifts per day, six days a week, staffed by three rotating work crews.
http://canoe2.canoe.ca/ReutersNews/AUTOS-SATURN.html

Ph in LA has a point. You foth agianst the false prophets ( no profits ) but weren't you once running cheek by jowl with the best of them, nay even the putz.

we hear what we wnat to hear which is why we are on the this forum. When we do we FIND the reason for holding on to our beliefs. We even become reinforced in them and repeat them like a mantra bringing more converts like Moonies into the sect.

From time to time those who have been burnt the most leave and drop off to regain their life.

One day gold probably WILL go up. Man is adept at bringing about catastrophes.

Some guys will still be left standing on this forum when that day comes - and hey they may brake even!!!! The rest of us will have given up and got into equities at their peak.

H Hitler

I have to stand by my old mate Cabrerra here, I think you are burdened my a misapprehension or perhaps a slip of the old memory ( stop beating yourself, or you'll get concussion and start to smell ) Puetz stood alone in his bold prediction ( s ) of eclipse-induced meltdown. The fact that he made several mutually inconsistant predictions and hasn't been heard of for a while does may have confused your memory.
BTW Perhaps I am wrong, but I have the distinct impression that you only started posting after Puetzie stopped. Herr Hitter - are you Steven Puetz?

oh, what the heck...

tgl are you Mr Gartman of Gartman letter fame??



 are you really Ted?

Yer on a 'roll'

Now we are getting close.
Fed is adding liquidity all the time now.
The Bonds and $ are coming back now.
The Fed can't raise rates - it will trash the markets and the economy big time.

We have corporations relocating because of labor shortage and cost.

By the way what does the US make these days?

The US is a service country to the rest of the World; kind of like Monica and Bill. If they can't afford you anymore you are out of work. Then you can't buy what they make.

HighRise

Are you sure she did'nt request her bills be paid ORALLY?

GREAT ONE!

..innocuous but irritating. If you really are in cape Breton- then go to bed.

cleaing of the monitor!!!

We are one and the same

vertigo
your logic is making me dizzy, did i just upchuck you?

Physical demand is strong. And gold
has not seen $280 again. But when
ANOTHER can't even understand
when and what it will take to
get gold up again. I'm not going to
sit on an asset headed for nowhere.
This could go on for a year or more
up down down up. Who needs it.
And listen chump, get on the
bus and take it downtown where
all your scum sucking freinds are.
Oh, thats right you don't have too
thats where you stay any way "curb
side". I'm surprised your still around.
I mean the rain hasn't washed you down
the pipe headed for the sewer.

How did you know I stopped jerking off yesterday?

I'd never advise a fellow GB about anything.

In point of fact, I'm in a similar situation as far as an overly large percentage of assets allocated to PMs. But I claim exception to Heavy Hitter's 10% rule of thumb on the basis of a very convoluted logic. you see, I have a satisfactory income in a job I hate, so I have spent the last 15 years learning metal working skills as a hobby, making silversmithing tools etc.

My artwork is salable now, but I'm still working my day job so concentrate instead on technique and building a portfolio of designs instead. But, being the eternal pessemist, I am afraid that metals prices will go up in the future so have been accumulating both stock and stocks ( pun ) as a hedge. To me it doesn't matter if metals go down, for the markup is huge. If the market falls to a nickel a pound I could cast bricks to use for monegrammed paving stones and turn a profit. But when I finally give up my day job the only way I will be able to survive doing what I like to do in the case that metals prices go up sharply is to have the hedge in already.

glad I annoy you mate~~~~~~~~~

http://www.mrc.org/
~~~~~~~~~~~~~~~~~~~~
" At the end of the worst possible day for stocks, the market is the same size, we just like it a lot less. And this isn't some fuzzy hormonal mood we're in. Our feelings can be measured precisely, in dollars. It's as if we just bought a new car and it immediately lost all its resale value. Of course, we still have the car, but every potential used-car buyer in the world hates that model. Stocks are used cars. " -P.J. O'Rourke, from "Easy Street," from Rolling Stone
~~~~~~~~~~~~~~~~~~~
Nearly Clinton:
http://www.sunday-times.co.uk/news/pages/sti/98/02/22/stirevopn01003.html?1162491

Like the Holy Dow Power, the NASDAQ is its holy companion and cannot be defeated!! God's greatest hi-tech inventions bring more blessings, efficienty, productivity, cost savings, and riches to the world.

Watch the NASDAQ soar toward the heavens!

Cast away your gold and silver and all their false promises of hope!!


February 24, 1998
NEW YORK TIMES

Tech Stocks Soar, Catapulting Nasdaq to New
High


By SHARON R. KING

EW YORK -- Technology stocks soared on Monday as investors brushed aside
concerns about the impact of Asia's economic woes on American corporate
profits, catapulting the Nasdaq composite index to a new closing high.

The technology-laden index rose 23.62 points to 1,751.75, eclipsing its old high of
1,745.85 reached on Oct. 9 by 5.9 points. Other indexes were mixed, however, with the
Dow Jones industrial average down 3.74 points to 8,410.20 but the broader Standard &
Poor's 500 up 3.93 points to 1,038.14.

Many analysts viewed the Nasdaq gains as a positive sign for the overall market, paving
the way for the 1998 rally to continue.

"It tells you that maybe not right away, but in time, the United States economy is going
to recover from this Asian-induced soft landing," said Hugh Johnson, chief investment
officer at First Albany.

Eugene Peroni Jr., director of technical research at Janney Montgomery Scott, said the
Nasdaq's ability to hit a new high on the heels of a string of records by both the Dow and
the S&P "might introduce further buying and renewed investor confidence.

"Its stronger performance helps to fortify the advance that's already taken place," he said.

Several of the stocks that led the Nasdaq higher on Monday -- like Microsoft, Intel and
Dell Computer -- have recouped all of the losses sustained during the fourth quarter,
when technology shares fell amid concerns that the economic turmoil in Asia would hurt
their profits.

After falling 2.31 percent in the fourth quarter, Microsoft is up 24.9 percent so far this
year; Intel is up 34.3 percent, after slipping 23.9 percent; and Dell has risen 54.9 percent,
after a 13.3 percent fall.

However, Oracle, which fell 38.7 percent in the fourth quarter, has regained less than
half of that loss, rising 18.2 percent this year. Also, Applied Materials, another of the
index's worst performers at the end of 1997, falling 36.8 percent in the fourth quarter,
has recouped only a portion of that loss, rising 24.1 percent this year.

Over all, the Nasdaq, which fell 7.35 percent in the fourth quarter, is up 11.6 percent this
year.

Microsoft gained ground on Monday on investor enthusiasm for the company's
two-for-one stock split. In moving higher, the company edged closer to becoming only
the second company to have a market capitalization of more than $200 billion. Now,
General Electric holds that distinction, with a value of $254 billion.

Even as the Nasdaq caught up with the other major indexes by reaching a record high,
those market gauges were mixed. The Dow was dragged down by oil company shares
such as Chevron and Exxon. Investors retreated from oil stocks on expectations that an
agreement between the United Nations and Iraq over weapons inspections would ease
concerns of oil supply shortages stemming from conflict in the Persian Gulf.

Countering the slide in oil shares was a 6 point gain by Merck, which rose 4.6 percent,
to 130 5/8, on news that the Food and Drug Administration had approved the sale of a
new product, the first once-a-day pill for the prevention and treatment of asthma.

Despite the strong gains in the Nasdaq, trading was muted, as investors limited their
activity ahead of congressional testimony of the Federal Reserve Chairman, Alan
Greenspan, which begins on Tuesday.

Analysts were divided on whether the Nasdaq's run can continue.

The recent gains have been concentrated in the larger companies that make up the index,
they point out, with smaller companies' stocks continuing to be sluggish.

If smaller company shares were to begin performing better than large capitalization
issues, Peroni said: "I would be a little bit more concerned" that investors were willing to
take on more risk, raising the possibility of a selloff.

But Thomas Galvin, chief equity strategist at Deutsche Morgan Grenfell, said he believed
that the recent gains already left technology shares poised for a slide.

"We've had this Asia relief rally because technology got the most banged up in the fourth
quarter, but I would tend to believe that technology has got to take a break," Galvin said.
"I think the consensus view is that Asia is behind us."

But as the economies and businesses in those countries struggle to regain their financial
footing, American companies may yet feel some reverberations later in the year, he said.

Studio.R-----Did you say the fat lady lies??? God, is there nothing sacred anymore? Does this mean I should sell my 100 shares of SSC now?

You two guys post more common sense and hard info than certain 'lightweights' do in a lifetime. Finny--enjoyed those charts today, mate. Have been looking for someone to make sense of the numbers that Donald keeps posting. I heavily lean on charts and you have added another arrow to my quiver. Auracious --have you gotten to the bottom of the 7000 yet. My first impression is 'big-time-sucker-play' when I see that kind of number. Most countries couldn't pull a deal that big. Propaganda, mate,from the Goebbels school. If the lie is big enough--people might believe it.

Can you imagine all the new people that would "arrive" at Kitco when a Bull Market starts? Think about it! YUK!!!!

We both own gold and so I suppose-should be civil to each other.. and Ted for that matter

G'Nite Sharefin,Aurator and Nick@ C ( gotta get me 'beauty sleep' mates )

Caraberra
I have a theory, which is mine, ahhhemm.. but I'm being called to dinnar, and there ain't enough gold in the world ( not even 7000 tonnes ) worth getting in the way of BJ's call "Dinner ready NOW."

But I will expand in a bit...

Now here is what I call a great post.

Date: Mon Feb 23 1998 10:56
Heavy Hitter ( Karlito ) ID#403159:
BULL !!!

Rude, slightly off color, antagonistic, stupid, stupid, stupid... Just what we would expect from a clown. Heavy sHitter, you would have a bright future in Hollywood. Forget this investing crap. Get a job. Make money doing what you do best. Comedy.

Enough.

Sticking my foot in my mouth till it jams at the knee. I view metal holdings in four ways. The first two in any order are as a foundation of financial security, a core insurance; and to purchase rare coins as both enjoyment and to add to the core policy.

The second two are purchases of mining shares and bullion as investments I see as becoming more and more likely to rise. I see natural resource stocks as the monsters of the future as Asia, India and other parts of the world start building and building, etc in the years to come.

The above paragraph has potential from the standpoint of monetary problems I see everywhere in the world and as long term plays that I will just hold for a few years.

There are some tremendous opportunities out there like IPJ, CFB, FSR, MAN, TNX, OROP, METLF, AZC, and many others, but in my opinion, mostly from reading people I trust in various newsletters, there is more than just gold in the ground.

I do see silver and gold popping, no question.

And finally as my knee gets closer to jaming on my teeth, I am not looking for moonshots or to just make a killing as it were. I am certain that some of the stocks I own will fly, and fly high. But my concerns mainly circle around my being able to maintain my meager lifestyle in perpetuity until I pass into the abyss, if I make a few bucks extra on the high flyers, that just allows me to fund my emotions enabling me to provide loved ones and friends with that stuff they just GOTTA HAVE.

Oh, and of course, to be able to show up with a bottle of tequila.

Heavy Hitter.
I have gone to the trouble of digging this post up from the Kitco archives, especially for you. G'nite all.

http://www.kitco.com/pub/discussion/FINGER.JPG

News from the deep diggings: The Constitution was a sell out. In the definitive treaty of 1783 ( find a copy outside of England if you can ) , the negotiators for our side agreed to a debt in silver and gold to the Crown. Sam Huntington was President. ( Ever hear of him before ? ) Now look in the Constitution for the word debt. And 2 + 2 = Are we still paying taxes to the Crown ? Did we win the War of Indpendence like all the books and school teachers say ?
And, there is more.

I wonder what the hell happened? Now I know Farfel filled me with love for the Dow but I refused to see the light and here I sit in Golden Purgatory waiting for my call to Farfels Dow gates and below the devil clawing to steal my soul ----Save us ---Save us all ----The man from DowWorld ---Away to do penance.

Do you still expect a double top at 7.50 to 7.70 or is it lower, and what is your opinion if silver drops below 6.30. I have been trying to buy the S&P but it keeps going higher as you predicted. Should I wait for a correction or jump in now? What happens after it reaches 1100+? Thanks again for all your help.

I will have to dig up the specifics but I am aware of certain legal papers which delineate specifically monies, properties and such that the King still has over our heads.

Back with same in a minute or two.

Nick@C: The devil may have made you do it and it was right and proper for you to do so ...... but I maintain all rights to attribution....... I was wondering when someone would exhume that one. : ) )

The fat lady can't do anything right now 'cause she's busy scarfin' down another double cheeseburger...not to worry...she's can't sing, she can't lie with nobody and, for sure, she ain't ever goin' to get off the ground.

Go Goldbugs!....off to nightmare land.

one more thought before bedtime. go to the world gold council website and look at the article on the london bullion art exhibit. then go to the page with the pictures of the bullion bars. what you need to top your collection is a korean pig bar. talk about safety all you want to but sometimes gimmick wins out. :^ )

Good Article

"Almost a tragedy: the nearly
president off to a nearly war "

http://www.sunday-times.co.uk/news/pages/sti/98/02/22/stirevopn01003.html?1162491

HighRise

http://www.constitution.org

223,

I see two ways to determine a bottom on this pullback. First, the gap on the daily chart would be closed if DROOY reaches $2.00. I imagine that will provide some support and the price won't go much below that. Hopefully, it will turn without filling the gap as "the larger the unfilled gap, the farther the price will run in the other direction," as a rule.

Second, you could look at it as if we're in the last downleg of a three-step correction. If so, then the price should fall below the first correction bottom of $2.12. It could drop below $2.00, but I wouldn't count on it.

The Preacher

News Flash: The Soupreem Court sez them forms and them instructions they send you is no defense if yah git messed up wi' 'em. If you want to know about the tax, they sez, you have to read the law and their opinions on it.

Believe in the Dow with all your heart and soul.

Not merely as a hobby or a sideline...you must be fully committed and invested in the Best the Dow offers...Disney, Coke, Gillette, Heinz...the list goes on and on!

Cast aside the measurments of man such as price/earnings ratios...the only measurements that matter are the ones that He holds near and dear.

Remember, the Holy Dow power is a divine force...you cannot lose when you put your heart and faith in the angels of the Dow...they are truly precious...not like the mud-begotten products of Hades...the foul gold and silver idols of the Damned and Lost.

Repeat after me....holy, holy, holy...I LOVE THE HOLY DOW!

I LOVE THE HOLY DOW!!

I LOVE THE HOLY DOW!!

( Louder...I can't hear you!! )

My thanks to you, mate. It was the only way that I could express the depth of my love for H?H. Your post shall remain at the top of the 'Kitco Classic' hit parade!! There are times when only the best will do.

if I was going to get one it would have to be an Arnold replica from Green Acres, now THAT would be a JAMMIN pig to use as a door stop.

I could only get the little pictures to show, for some reason the larger pictures never filled.

I cannot find the particular piece I am looking for at the moment. But my jaw fell down to the floor when I read it due to the obviously stated thoughts.

Nick@C
Here's another chart for you.
It shows the OZ gold ming index at the top.
Below is the OZ mining index with the mining swing oscillator overlayed.
Currently heading down to the next buy point.
The overall swing is looking bullish as it's trending upwards.
http://www.kitcomm.com/pub/discussion/Image215.gif

Highrise.
Nearly Clinton
Nearly war.
Nearly the end of the Gold bear.

Go Gold

@POG Read theposts of doom and gloom of today on POG. Did POG go down more than about 25% and I didn't hear about it.

@Tolerant1 Yes, the mind boggles. Let me know if you get hands on the item. But, did you ever hear of Sam Huntington before ?

I shall and no, I am unfamiliar with the name.

Tolerant1 I think the big pig picture is broken. I couldn't load it either. Arnold would be one jammin' pig though.

For all you budding civil libertarians out there check out this website and pass it on to your friends.

http://www.techmgmt.com/restore/brpream.htm

http://www.law.uoknor.edu/ushist.html

Hong Kong
Hang Seng
^HSI
1:55AM
10575.28 -109.93 -1.03%

Indonesia
Jakarta Composite
^JKSE
1:56AM
499.080 -5.955 -1.18%

Japan
Nikkei 225
^N225
1:03AM
16198.00 -411.49 -2.48%

HighRise

toasty than usual. Later folks, and remember, you will never wake up and find that your metal is worthless, but your paper could be.

This ones for you.

You two would make an
excellent rug. The only
problem is it would reek.
Now out with the trash.
You two reek so bad
even the trash rejected
ya. The only way to
dispose of you would
be to blow your smelly
asses to hell. And hell
don't even want ya
maggots.




.

This ones for you.

You two would make an
excellent rug. The only
problem is it would reek.
Now out with the trash.
You two reek so bad
even the trash rejected
ya. The only way to
dispose of you would
be to blow your smelly
asses to hell. And hell
don't even want ya
maggots.




.

2/24/98 -- 12:01 AM

Report: J.P. Morgan to cut 700 jobs


NEW YORK ( AP ) - Faced with surging costs and losses in Asia, J.P. Morgan & Co. is planning to eliminate about 700 jobs, or nearly 5 percent of the bank's work force, the Dow Jones News Service reported Monday night.

In doing so, Morgan would become the third major U.S. bank to launch major job
cutbacks in recent months, following similar announcements from Chase Manhattan Corp., the nation's largest bank, and No. 2 Citicorp.

Morgan, the fourth largest U.S. bank, has been trying for years to transform itself from an old-fashioned lender to a major securities firm. But Morgan's surging costs and slow profit growth has kept its stock price from rising along with the rest of the bull market on Wall Street. Its stock rose just 3 percent last year, compared with the 14 percent average gain of major banks.

Last month, Morgan said its fourth-quarter earnings sank 35 percent, in part because of the Asian currency crisis.

Morgan's chairman and chief executive, Douglas A. ``Sandy'' Warner, wrote a candid memo to company employees saying that the company was considering other options to its current business strategy, including a merger with another institution, Dow Jones reported.

``Our stock is lagging our competitors', and some observers have questioned the viability of our strategy,'' Dow Jones quoted the Warner memo as saying. ``Stronger financial results must be a priority.''

Copyright 1998 Associated Press. All rights reserved.

You have a problem!
Get Help soon!

You need to read your post of today tomorrow, and you will see how sick you are.

Are you under the influence of something?

What ever , I am tired of your dribble.

Good Night All

HighRise

Heaviest of Hitters -

A galaxy of vapidity is yours for the sharing.

And we are all well blessed

Perhaps you could add some proper grammar, syntax, spelling, and punctuation to your next post; then add a dash of even the vaguest original thought; wrap it with a bit more care than boxing up a sickly shrubbery and your words could graduate to somewhere barely beyond completely unintelligible

OK

http://www.drudgereport.com/1.htm

True story e-mailed to me by my wife's cousin in Manitoba.

From a radio program, a true report of a happening in Gilbert Plains,
Manitoba

A guy buys brand new Jeep Grand Cherokee for $30,000 and has
$400+
monthly payments. He and a friend go duck hunting and of course
all
the lakes are frozen.

These two Atomic Brains go to the lake with the guns, the dog, the
beer and of course the new vehicle. They drive out onto the lake
ice
and get ready. Now, they want to make some kind of a natural
landing
area for the ducks, something for the decoys to float on. In order
to
make a hole large enough to look like something a wandering duck
would fly down and land on, it is going to take a little more effort
than an ice hole drill.

Out of the back of the new Grand Cherokee comes a stick of
dynamite
with a short, 40-second fuse. Now these two Rocket Scientists do
take
into consideration that if they place the stick of dynamite on the
ice at a location far from where they are standing ( and the new
Grand
Cherokee ) , they take the risk of slipping on the ice when they run
from the burning fuse and possibly go up in smoke with the
resulting
blast. So, they decide to light this 40-second fuse and throw the
dynamite.

Remember a couple of paragraphs back when I mentioned the
vehicle,
the beer, the guns and the dog? Yes, the dog: A highly trained
Black
Lab used for retrieving, especially things thrown by the owner.

You guessed it, the dog takes off at a high rate of doggy speed on
the
ice and captures the stick of dynamite with the burning 40-second
fuse
about the time it hits the ice. The two men yell, scream, wave arms
and wonder what to do now. The dog, cheered on, keeps coming.
One of
the guys grabs the shotgun and shoots the dog. The shotgun is
loaded
with #8 shot, hardly big enough to stop a Black Lab. The dog stops

for a moment, slightly confused but continues on. Another shot
and
this time the dog, still standing, becomes really confused and of
course scared, thinking these two Nobel Prize winners have gone
insane. He takes off to find cover, ( with the now really short fuse

burning on the stick of dynamite ) .... Under the brand new
Cherokee.
BOOM! Dog and Cherokee are blown to bits and sink to the bottom
of
the lake in a very large hole, leaving the two candidates for
Co-leaders of the Known Universe standing there with this "I
can't
believe this happened" look on their faces.

The insurance company says that sinking a vehicle in a lake by
illegal
use of explosives is not covered. He had yet to make the first of
those $400+ a month payments.

James
Now ya gone and dirtied my screen.

RJ
while you're here, could you tell me please if this is a trade rag for you guys?? It's where I found The lost treasure of Syd Snail, pirate and gadabout...

http://www.tradenet.org/cur10.html

Does someone get the job of scanning this outpost looking for deals?

Thanks

That story made me laugh to tears. In the US guys who create those kind of unforgettably hilarious stories in their lives seem usually to be driving a pickup truck. With a case of beer in the back.

James
I read that one here a few months ago.
There are quite a few more good ones here.
http://winning.co.za/day2day/humourus/darwin.htm

Why's he talking about 7000 tonnes of gold on a gold forum?? throw him off...



Thanks for the many thoughts on this 7000 tonnes. The first question I will address, was my first question in my original post
http://www.kitcomm.com/comments/gold/1998q1/1998_02/980221.063252.auratoree.htm

Is this a hoax?


These are some of the reasons I believe this is not a hoax, at least not in the way that has been suggested by the gainsayers here:

1. The advert was placed on 11 February, as far as I know, noone at kitco spotted it before my post of 21 Feb. It had been posted for 10 days before then. OK, I look like a sucker from 50 metres, but why did this little tidbit only come to light serendipitously because of a wierd search I went on some days ago?....

2 A hoax requires publicity, the hoaxers want their hoax to be known, thats the idea of a hoax, you know-- fool people. The more the better.

Perhaps RJ, or Barb Hughes or someone in the know could tell me if they scan the pages of http://www.tradenet.org/cur10.html looking for deals? I mean, is it a trade rag? If it is, how come theres been no news at all?

I was actually chasing up the price of antique dinars in an auction in Hong Kong and I fell across a currency auction of dinars last year. So I scanned the tradenet pages this is not an unusual place to bid /ask or swap large quantities of currency, coin, bullion, diamonds, what have you. There are several bids for gold by the 100s of kilos, and by the tonne, even by the hundred tonne lot. In the realm of this www page this is an unusual but perhaps not an extraordinary advertisement. Have a look!


If this is a hoax there seems to be a determined lack of commitment on the part of the hoaxers to promote their little scam. A hoax, if it is to be perpetrated on the public ought to be publicised. No?

Or perhaps this was a scam to be played on only a select group rather than the world at large.......


3. The language of this hoax is obtuse legalese.
Look how easy it was for a couple of non-entities supposedly in the Swiss CB to announce a sale of 1400 tonnes of Swiss gold last year in Reuters, in the papers. In no time there were dozens of posters at kitco falling over themselves to post the news and their interpretations of the the news. Why would anyone go to this trouble for a simple hoax? Note the sanitised distancing language which, correct me if Im wrong, means a double-blind so the placing broker does not know the seller. The placer of the ad has nothing to gain by misquoting say 700 instead of 7000, indeed this quantity is repeated, there is no mistake..
Compare the very very careful language of this ad to other ads in the same place, this one is, ahhhemm, very circumspect yet beguilingly revealing...

4 If its a hoax, its not fooling anyone ( except me ) . I thought the point of a hoax was to be believable?


Sure, it could still be a hoax. I have been know to be wrong. Really! Its true! Although sometimes I cant believe it either.

Lets just say, for the sake of my finger exercise, that it is not a hoax, this megadvertisement for 7000 tonnes of gold So----What is it?

More THOUGHTS to upchuck soon----

Masybe you didn't see my post in which I stated the terms of this offer would match the forward sales terms of ABX "hedging" program. In other words this sort of agreement could get a year's worth of mine production on the market now.

mozel
No, I caught it, I am writing the next bit now, and your post features but suspect I shall fall asleep at the wheel, I mean keyboard, before I finish.. the more I think about it, the more something here stinks.

Its the LBMA not the LME, and if you pardon me, I'll get you the link later, that was a memory figure...

A STREETLIFE SPECIAL: MY AMAZING PREDICTIONS OF
UPCOMING EVENTS THIS YEAR....


WARREN BUFFETT.... will buy 40% of the world's oxygen
supply. In a press release, Buffett states that he
plans to hold his position indefinitely. He's willing,
however, to rent a reasonable amount of oxygen, "for a
reasonable period upon payment of a reasonable fee."
Buffett refuses further comment. Asked to elaborate,
Charles Munger, vice chairman of Berkshire Hathaway,
comments: "We like oxygen."

After reading some of the sick posts- I wanted to inject a little
humor, that's all folks!

If someone wanted to surreptitiously get rid of 7000 Tonnes of gold, say out of a stock of 8000 leaving a handy 1000 Tonnes ( just in case, you never know ) , and they knew a few people around Arkansas way, who were into trading, but weren't mainstream gold dealers so weren't likely to make a big fuss and splash it all over Reuters for everyone to see, who would they place the deal with... someone who would stick it in their usual trading slot, not bothered about whether 7000 Tonnes of gold might be percieved as being say a little different to selling the odd rusting hulk??? This requires further thought.

LBMA. I stand corrected.
There's a big bond outfit in Little Rock, Stephens I think, that has the dough for this deal and more. Lots of political connections, too. This looks like big boys buying gold for paper off the LBMA market and on very good terms. That's all.

Let's just suspend judgement on the hoax question for a moment, and I'm looking at the next two questions I raised then...


Is this a Sale or a Lease/leaseback contract?

Let us suppose that the contract is a straight sale of gold.

There are only two countries that have that much declared gold, the USA and Russia. No other CB is close. Therefore, if this is a straight sale of gold metal it can only be sold by USA or Russia. Well I think the American people may have something to say about the former, what about the latter?

A quick check through me eidetic memory :

****
kiwi ( Consider this...comments welcome ) ID#194311:

Head banker from Russia just declares Russia has suffered US$3.5 billion in gold losses in the past two weeks. They are only buying gold so the only reason I can imagine they "lost" on gold is because the price dropped, I'm sure they wouldn't announce their trading losses...so...
Is he really giving a thinly vieled threat to the world bankers that Russia's gold reserves are of the order of US$88 billion worth. This is accounting for the $12 drop in gold since 19 Nov....two weeks ago. A US$3.5 billion loss for a US$12 drop means they have around US$88 billion worth. Now this would really change the equation right...how much gold is that anyway?

***

Date: Wed Dec 03 1997 15:44
Allen ( USA ) ( Kiwi ) ID#246224: Correction that's 8975 tonnes.

****

So, if this is a real sale, perhaps its the Russians they have a reason to liquidate gold if anyone has. Perhaps its not the Russsians..

OK, lets say it aint the Russians. Could it be the US of A? Cant anybody just kinda ask to see the Gold in the Fed Reserve or Fort Knix? Why cant someone say, HEY! wheretheheckisit? Wheres the Gold?

OK, lets say its neither the Russians, nor the Americans so, perhaps, if the LBMA is trading 1300 tons a day, I mean, 7000 tons is only, One good 5 day week and Monday morning to get this kinda hole. Theres an interesting question, How much space does 7000 tons of gold occupy? Anyone? I could probably stick it in one of my haybarns?

That represents one heck of a long position of gold to liquidate. Hey, Im a gold bug, cant imagine breaking my wrist on a 400 oz bar, but to be that long on gold and to want to sell now, uh uh...

So, lets just say it aint a sale. ( OK Im wrong again )

Lets see if its a lease deal.

Knowing my limitations ( well I have enough of them ) Im going to invite someone D.A? S.A.S? elf? who knows how these leases work in practice, rather than the ( imperfect ) theory I have to expand and criticise here please. But, to me this offer looks like a typical lease arrangement, or perhaps a lease and sell-back. The Sale and lease back to the seller gives ownership to the purchaser, while the seller remains in possession. The new owner receives an income in the form of a lease payment from the old owner during the year of the contract. This lease income can be seen as being part of the profit mentioned in the ad..

Note how the seller can show his gold to third parties ( these are the victims of the hoax, or one of them imho ) who would not necessarily know that the seller has sold the gold:

Look over here Imran, heres my gold bars. You got oil? Perhaps we can play Twister.

Other Deals Mentioned by kitocoites:

Obsidians suggestion has merit- what we are seeing is just the collateral part of a currency loan arrangement:
Date: Sun Feb 22 1998 14:54
Obsidian ( @Aurator ) ID#237299:
Forget your talking about gold for a moment. Think collateral. Somebody wants to borrow 67 billion dollars for one year. But they want to hold your collateral in some sort of yielding escrow account. They promise the moon. The last section of the advertisement is very telling. ......
Now, what type of fed regulated high yield investment could that be, that is also allowing you to get you collateral back. Think gold loans. Think Central bank. Think ponsi scheme. How severe do you think 7000 tonnes
of gold would suppress world prices. If you've got 7000 tonnes of gold and you sell it you just shoot yourself in the wallet. If you've got 7000 tonnes of gold and you loan it at spot deferred and gut the world prices you get immense contango. Plus they've got *your* 67 billion in the meantime- to buy something that they *know* is going to quadruple. At
the end, even if you do get your gold it's devalued by half. You can't sell it because the prices are gutted and you'd shoot yourself. So you find some new sucker, and try to start the deal again.
*****
And mozel sees this as a possible forward sale contract:
Date: Sun Feb 22 1998 14:58
mozel ( @aurator ) ID#153102:
You might also use the same mechanism to introduce 7000 tons of gold to the market now which are to be produced by mines with which you have a forward sale contract.
***

Again, I am out of my depth on these two. I would appreciate constructive input on these two posts. I do not think this contract is a hoax nor is it either a Sale or a Lease. The numbers are out of this world for all but: USA, RUSSIA, and one other party to comprehend.

I first thought it could be a Lease or a sale of gold. That is, while I was thinking that this contract actually involved gold. Now, I am not sure that gold is involved, I believe what we are seeing is not a hoax, but the embarassingly dirty underwear of a fraud----


Am too fatigued to post the last part of this post. And shall go to count sheep. Hey, who was dissing sheep on kitco earlier? shame on you.....

Rumour has it Big Trader and Another were seen together in Jordan
this week. Off to meditation ///////////\\\\\\\\\\

CNBC: Gold up $8.80 in London@ this time.

Rise in London gold price not confirmed by any quotes
on net that I can find. ( yawn )

Just logged on, your post was the first I read since I said "Buy" yesterday. We bought and we are a holdin the yeller stuff.

We are still holdin - but with less glee.Your last post not confirmed sucked the wind out of me quicker than Monica could blow ahhhh candles.

CNBC rereports $8.80 rise in London bullion to $292 or so.
"Short covering."

Doing something else with CNBC on in the background
the "$8.80" rise announced and figure displayed caught
my ear then eye. The rise to "$292" does not compute???

This is the latest from London that I can access.

I give up. Third CNBC announcement that gold is rallying
in London. Up exactly $8.80 for the third time, to exactly
$292.00/oz for the third time. Seems it should around $300
for that rise ( shrug ) .

Should you add the IMF and the BIS to the list of current owners of 7000
tons? How about N.M. Rothschild?

Spot gold=292.25 -1.20
Spot silver=6.41 -.07

Just back from the new Jack Nicholson movie. Good stuff. Dog's a great actor. Auracious ( 7000 ) --excellent post. Sleep tight--baa.

Nite all.

I pledge allegance to the DOW and the worthless paper for which it stands... I formally announce here and now that I will never buy Silver on leverage again!

Gold:

296,524 Registered
143,915 Elligible
440,439 Total Net change +68

Silver:

32,645,570 Registered
59,377,915 Elligible
92,023,485 Total Net change - 1,413,153

Fourth London bullion report. Same numbers. "We're told
our numbers may be conflicting. They may be wrong. We're checking
on that. Sorry we can't be more specific at this time."

http://biz.yahoo.com/finance/980223/japan_s_lt_1.html

Snowbird - Idealy I would like to see silver double top at 7.50 or make new highs around 7.70 but the odds for that happening are becoming less and less 50/50. Short term it shouldn't go much below 6.30 before a rally of .50 +/- . After that rally if it takes out 6.30 it will go straight down to 5.50. The SnP's are so strong if you have the money to back it I'd buy at the market ( 1038 ) and hold on, any dips should be minor and the market strength will save you if you have to weather it out.

http://biz.yahoo.com/upi/98/02/23/washington_dateline_general_news/indonesia_1.html

Yesterday's Wall Street Journal had a lengthy front
page article detailing the full court press being deployed
by the IMF et al to derail Indonesia's consideration and
at least near term implementation of a currency board
remedy. Academician, private sector figure, currency
board 'guru' Steven H. Hanke has been in Indonesia
in private ear-bending meetings with President Suharto.
Hanke gave some interesting and testy testimony a few
weeks ago in the Senate hearings on the Asian situation.
He appeared on the second afternoon panel of nonofficial
folks with Wanniski. The first panel was Rubin, Greenspan,
Lindsey, etc.

http://biz.yahoo.com/finance/980224/markets_pr_1.html
"Gold weakens further in Europe along with silver"

April Gold down 1.0 @ 293.70

CNBC never has clarified their London bullion figures.

Gone, order cancelled.

Poultry Passion

A Scotsman and an Englishman lived next door to each
other. The Scotsman owned a hen and each morning would
look in his garden and pick up one of his hen's eggs for
breakfast. One day he looked into his garden and saw that
the hen had laid an egg in the Englishman's garden. He was
about to go next door when he saw the Englishman pick up
the egg. The Scotsman ran up to the Englishman and told
him that the egg belonged to him because he owned the
hen.

The Englishman disagreed because the egg was laid on his
property. They argued for a while until finally the Scotsman
said, "In my family we normaly solve disputes by the
following actions: I kick you in the groin and time how long it
takes you to get back up, then you kick me in the groin and
time how long it takes for me to get up. Whoever gets up
quicker wins the egg."

The Englishman agreed to this and so the Scotsman found
his heaviest pair of boots and put them on, he took a few
steps back, then ran toward the Englishman and kicked as
hard as he could in the groin.

The Englishman fell to the floor clutching his nuts howling
in agony for 30 minutes. Eventually the Englishman stood
up and said, "Now it's my turn to kick you." The Scotsman
said, "Keep the damn egg."


******************************************************************
Only the individual sender is responsible for the content of this
message, and the message does not necessarily reflect the position
or policy of the National Education Association or its affiliates.

The bankers must be afraid of losing a loan customer. A country who only pays cash. What a terrible habit. Suppose other countries, or even people, became addicted to cash instead of credit. It's downright scarey.

http://biz.yahoo.com/finance/980224/japan_fuji_1.html
``It is natural that speculative selling gains momentum in the stock market following downgrading...because it is getting difficult for Japanese banks to raise funds abroad.''

http://biz.yahoo.com/finance/980224/m_stanley__1.html
``Given the liquidity crisis facing corporations in key industries in several Asian countries, CBOs could provide a way to ensure that economic recovery is not hampered by a liquidity crisis which forces otherwise solvent corporations into bankruptcy,''

If I were Mr. Hanke I would consider a bodyguard ( s ) .

http://biz.yahoo.com/finance/980224/japan_inve_1.html
``Profit expectations are all down and the export outlook is clearly clouded by Asia,'' said Russell Jones, chief economist at Lehman Brothers in Tokyo. For capital expenditure to improve, ``you need consumption or exports to pick up and at the moment, both are rather uncertain,''
``Given that firms face changes in their funding situation due to the ''Big Bang`` ( financial reforms ) and have a sense of uncertainty over the future, they want to make sure of funding early. The fact that the spending plans show a downturn now is therefore serious,''

CPI @ unch ( as expecTED ) but core rate up .2%

http://biz.yahoo.com/finance/980224/korea_refo_1.html
``Reform is a never-ending process and reform cannot be completed in one fell swoop,'' You Jong-keun told reporters on the eve of Kim's inauguration.
``Sometimes it's nice to have big brother watching over your shoulder -- not always, but sometimes,'' You said, referring to the International Monetary Fund.
You said the foreign exchange market had not yet stabilised and he acknowledged concerns about a renewed foreign exchange crisis surfacing in March.
``Korean people are not feeling the pain of reform yet. The real pain has yet to begin,'' You said.
``All I can tell you is we are operating in a free, competitive and fair environment and what comes out of it is anyone's guess.''

Canadian Olympic hockey team.

Oooohh. Gone.

http://biz.yahoo.com/finance/980224/trade_indo_1.html
SYDNEY, Feb 24 ( Reuters ) - Further weakness in the Indonesian economy could lead to a flood of exports from Southeast Asia's biggest nation.
Montgomery, of Dunavant Enterprises, believes that a flood of Indonesian spun cotton exports would in turn put further pressure on China, another major cotton products exporter, to devalue its currency.
Apart from China, which earns 20 percent of its export income from textiles, Taiwan and virtually all the nations of Southeast Asia apart from Singapore have competing industries which would be hit hard by a flood of Indonesian exports.
Some fear the P.T. Bermis closure or other short-term measures might seem like a ripple when compared with an Indonesian export tide.
On Indonesia's domestic front, many fear a violent reaction to the short-term pain of an International Monetary Fund bailout package will be acute as IMF-mandated increased charges for fuel, electricity and other government-run services come into effect in April.
``If Indonesia doesn't come out of it quickly then it would affect the whole region,'' Narongchai told Reuters. ``The region cannot afford to have chaos in Indonesia -- definitely not.''

http://biz.yahoo.com/finance/980224/china_bank_1.html
SHANGHAI, Feb 24 ( Reuters ) - China is considering a special bond issue to recapitalise major state-owned commercial banks as Asia's financial turmoil highlights the dangers of the nation's creaky banking system, analysts and officials said on Tuesday.
The nation's government-backed banks were technically insolvent after years of propping up ailing state firms, resulting in massive portfolios of non-performing loans, analysts said.
``If the government wants to reduce non-performing loans then banks still need money from the public,'' said Liao Qun, senior economist for Standard Chartered Bank in Hong Kong.
``China is learning lessons from the Asian financial crisis,'' he said. ``Zhu Rongji and the government are worried about the bank loan crisis, though not in the short term, and are taking steps to solve the problem.''
State banks were plagued by woefully inadequate risk management, murky quality of portfolios, and low and declining capital-asset ratios, the World Bank said.
``If, as the government estimates, their non-performing assets are equivalent to about 20 percent of their portfolios, their net worth is actually negative,'' it said.

Wait, there's more.

Not missionary, doggie. Both watch Hockey Night in Canada.

http://biz.yahoo.com/finance/980224/u_s_fund_m_1.html
KUALA LUMPUR, Feb 24 ( Reuters ) - A group of U.S. fund managers touring troubled economies in Asia held talks with Malaysian Finance Minister Anwar Ibrahim on Tuesday, saying they had a ``very informative'' discussion.
``They now accept that the Malaysian economy is in a much better position than others like Korea, Thailand and Indonesia,'' one corporate executive said.
``They have come to have a first-hand look at what's happening in the region...to look at what they should be doing in order to help countries going through this ( economic ) situation.''
``Hopefully, they would consider coming back to the markets'' in the region, he added.

April gold down $1.50 this morning; JSE off about 2%. B0ttom getting close, but it ain't here yet.

BTW, why do people INVEST in financial assets, but HOARD gold. Just another example of media spin.

http://biz.yahoo.com/finance/980224/safrica_go_1.html

JOHANNESBURG, Feb 24 ( Reuters ) - South African Reserve Bank ( SRBJ.J ) governor Chris Stals said on Tuesday he expected more central bank gold selling in the run-up to the creation of a European Central Bank.

He told reporters after an investor conference that he did not anticipate a further dramatic effect on the gold price, which is a major influence on South Africa's economy.

``If you talk to the smaller central banks in Europe, they do feel that they will have surplus gold and they would like to sell some of that gradually into the market.

``It will depend a lot on what the European Central Bank will take over from them,'' he said.

Stals said the transfer of reserves from central banks of the countries entering the proposed European Monetary Union next January would be fixed by mid-year.

``I don't think any central bank will actually jump into the market and sell large amounts. If they have surplus gold they will sell it very gradually into the market,'' he said.

Australia's central bank sparked a sell-off in gold last July when it sold some of its gold reserves, raising fears that other central banks would follow suit.

Speculation over central bank sales drove bullion to 18-1/2 year lows below $280 an ounce earlier this year.

THE GRAND LBMA EXPOS: A Collective-Mind Analysis ( The Onion PARADOX ) Part - 10
Posted on the Internet October 25, 1997 by "Pedro"

concerning GOLD IS AIMED AT OFFICIALLY RE-INSTATING IT AS THE INTERNATIONAL CURRENCY FOR WORLD TRADE PURPOSES ( Read Oracle @ http://golden-eagle.com/ ) 

1992--Istanabul--
His Exellency Dr. Necmettin Erbakan has brought the matter of the Islamic Dinar to the frontline of the Islamic discourse to a point of no-return. He has pledged the will and commitment of the Muslims of Turkey to the establishment of the Islamic Dinar as the currency of an
ECONOMIC UNION OF MUSLIM COUNTRIES.
http://www.zpub.com/aaa/dinar.txt

MURABITUN -- The People of the Ribat --
"Be steadfast, hold each other to steadfastness help each other to be firm ( lit. make Ribat ) and have Taqwa of Allah in order that you may be successful.." ( Qur' an 3:200 )

The Ribat is the fortress where muslim warriors traditionally trained, both for the JIHAD
against ignorance and social injustice, and for inner spiritual enlightenment.

Should you think, for even a moment, that what we are contemplating is NOT an economic Jihad, please look at this:
http://www.geocities.com/Athens/Delphi/6588/rkhaliphate.html

The New Coins of the World Islamic Trading Organisation
The new standards of the World Islamic Trading Organisation are based on the traditional average weight and measure of the Dinar and Dirham during Muslim rule:
http://www.netmatters.co.uk/users/murabitun/return/noframes/12NewCoi.html

Ted Good Morning ----Out of my last Gold Position ---Holidays here I come by this weekend ----Farfel ---I have no more Gold but I must Repent more before The Dow is my next investment ----I have sinful thoughts of shorting the Dow in the middle march ----I need more time to repent ----Away to see new found religion.

Aurator:

Russia most certainly does not have 7000 tonnes of gold. If they have 400 its a lot.

The only central bank which has this kind of quantity is the US.

If anyone here actually believes that the Fed took out an ad on the internet to sell or lease all its gold reserves they should immediately check into a nearby mental institution and request a suite, preferably with padded walls. I hope I haven't offended anyone that I like.

What if we are looking at gold price from the wrong P.O.V.?

What if the PURPOSE of the Malyasia debacle ( a Moselem country ) were less to drive their currency down but more to INCREASE the cost of gold to the Malaysian people? and, as if often the case, the Rule of Unintended Consequences came into play....

All:

As RJ said yesterday the silver game is going to play out within the next two weeks. I would venture to say that the time frame is somewhat shorter. At the moment there is one big game going on, between one of the bullion houses and a fund. The fund is believed to be long some 20 million ounces with stops somewhere in the current neighborhood. The bullion house is trying to get a print below the stop number to force a liquidation. The game is just a game because there is no doubt that the bullion house will be a buyer if it can get the fund to bail. If the fund bails we will probably see a spike below $6.00. Time is running out on the bullion house because we are fast approaching first notice day. Once real silver has to be put on the table this thing is going higher.

Those who I have spoken to believe that the bullion house will probably win the game. Look for another attempt at the stops today, before the open interest numbers come out. If they don't get the print and the open interest declined very little yesterday, we will see a rally in the afternoon. Back to back days of failed attempts will embolden some hesitant longs. If the market starts to rally it will go very fast.

All: Several posts this AM on Bonds, debt restructuring -- in SEAsia.
Who is providing the cash for these Bonds, and organizing the restructuring? Aren't we talking about nearly $1 trillion dollars?
Another question: Is this simple reorganization of debt, or are the creditors passing the debt to another creditor, such as the large governments of the world? Just how much of this debt is being financed by the US?

scare the he!! out of me to see a drop under 6.00 without your explination....you provide a real service to us silver nutz...thanks

Malaysia
Moslem
( Ill try to re-engage the mind ( :- (

through the transom--
Black Monday--October 27, 1997--Gates personally lost over $1.76 billion in just one afternoon! ( Thats the equivalent of tossing $3.7 million in a fire once every minute of an 8-hour working day! ) 

D.A. -- All longs better hope that the bullion house doesn't win in running those stops! That's a hell of a lot of long position to get stopped out of. If they are forced to dump, one could expect silver to drop a whole buck I would think. 5.40 silver today? We'll see. It would certainly be a sight to see though. Don't get caught on the wrong side of this scenario!

D.A.: Thanks for the insight. You and RJ keep our feet on the ground.

More than a few members of this board have questioned the wisdom of sellers talking down that which they intend to sell...

But if words are weapons in an economic battle against gold, it begins to make a modicum of sense...

Out to the garden to check on the TULIPS!
bbl

Bill:

The other evidence which points to the gaming explanation is the size of the spread. If this market was selling off because real supply was coming to the market we would not have a 10 cent spread in the cash market. The boys trying to push this thing lower would never offer size near the market. They will either hit bids or leave big offers far away from the market. They know that someone may throw some chips on the table when it is least expected.

SDR
I was wondering as I posted those articles, about how bad it is for the local Asians.
When I came to the one about US funds managers doing some prospective shopping.
It seems as though the paper merchants are getting away with all the goodies,
All their Gold, their debt assets, their factories, their banks.
Seems like they are ending up with everything,
And charging excessive interest rates for the privilege.

As the Eastern currency's are sinking,
They are selling their gold and assets at a higher Eastern price.
But the Western buyers of their gold and assets,
Are really getting their assets,
At the cheapest Western price ever.
And paying only in paper promises.

More and more as we near the top of this great bull cycle,
We see the transference of vast sums of wealth,
From the many to the few - rich few.
And from the East to the West.

It's like the wealth of the collective many is being channeled to the select few.

Sort of like the icing on the cake.

D.A. -- We may have once had a 10 cent spread, but that seems to have disappeared for the most part. Backwardization is almost gone. Extreme caution IS warranted!

Looks like we're headed to 285 this week.
Someone is trying hard to keep gold down.
There have been no concrete events to bring
the pog down since it was at 300+. We should
start asking the question, how many YEARS...
before gold gets to 350 again?

Eldo:

It's hard to guess how far silver could fall if an avalanche of stops was hit. The other side of the equation is a man named Buffet. Remember that his original intent was to buy 200 million ounces. His last buy point was around 550. If we get near that number he may open the old wallet a shell out a few more pesos. Any silver he gets a hold of is not going to see the light of day for a good long while. I'd love to see the market hit 550 if I knew that WB was going to get is hands on another 50 million ozs.

For all the gaming going on, you can't lose sight of the fundamentals. The reality is that the physical stuff is just not out there. The stories we see about grandmothers selling their antique silver for melt are absurd. I have a hobby business of dealing in fine art and antiques. Since I frequent a lot of auctions I know the clearing price of 'junk' silver ( cheap hollowware, table silver etc ) and it is around $9.00 per ounce. If dealers are buying this stuff at $9.00 they are reselling it 30 - 50% higher. If a dealer can get 11 - 14 dollars an ounce you can be very sure he is not going to melt it down and get somewhat less that $6 after refining costs. The other big story is Indian silver demand. It is quite true that Indian demand is sensitive to price. Any spike down is going to see strong buying from that quarter as they try to scramble for raw material for their jewerly industry. If the reports are accurate in that Indians have been holding off purchases, there is a lot of pent up demand that will bet unleashed at lower prices. Bottom line is that WB got it right. Its just a question of where the new equilibrium price ends up and where the price spikes to between now and then. My bet remains that it is a long way from here.

Below $6.40, silver has taken out the short term up trendline. If it goes below $5.95, it will also take out the next trendline. Price needs to close above $6.40 today to keep me comfortable short term.

Regardless, only some indication that the fundamental situation has changed would I believe silver is headed lower for the longer term. As long as WB holds on to the 80 million he has accumulated and takes delivery on the remaining 40 million, and as long as demand continues to exceed supply by as much as 200 million annually, the only way for the price to go is up. If reports that $8 to $10 silver is necessary to encourage new production are indeed accurate, then that is a good target range for silver to settle. Accordingly, I personally have no intention to sell at this time and will selectively add to my position when this correction is over.

Of course, always the chance for a real spike up if the speculators get squeezed. However, in that instance, it would be the time to take some profits.

Eldo:

The lease rates have come down but the cash market price is still being quoted at around a 10 cent spread. Last I looked at Bart's page it was 637 bid - 647 offered. There is also very little size offered. Probably around half a million ounces. Before this thing started you could have bought 10 million ounces at that kind of a spread.

D.A. I can certainly agree with much of those fundamentals. My posted outlook is basically for this very short period of time. I would also be a buyer again at those lower levels, should they be seen. After all, I do not see the warehouse stocks making any particular increases. My warnings are mostly for those who may not have seen the 'possibilities' and could otherwise get badly burned. Opportunities also abound!

D.A.
I have a bunch ( 200 oz. ) of silver I bought years ago ( late 80s ) at about $7.00 thinking that I would make a short term profit. Ultimately I gave up and basically forgot about this silver. However if silver gets into the $14.00 range I'll be thinking of selling. My question is how many other people are there out there that have all this silver they have given up on, but once it gets say above $10.00 they'll be sellers. Ultimately creating a cap on silver prices in the $10.00 to $14.00 range.

All:

I posted something last night to the effect that gold and silver are not terribly connected. After having some conversations, I may have misspoken. Some of the people with whom I have spoken are surprised that the fund in question has not bailed out of silver by now. The explanation may lie in the gold market. It is possible that the fund which is under pressure in the silver market has taken out some insurance in the gold market by the way of a large short. If this is true then they may be able to weather the storm. The significance of this is that if silver turns then gold may also turn as they remove their hedge.

Here's a short opinion about the upcoming March silver delivery.

RE 10K gold: As you said the term 10K means 41.6% pure, so a 10 gram 10K ring, bracelet, coin or anything should contain 4.16 grs pure gold.

DA

Your post of this am in right on target. I know Phibro has been actively selling silver for the last week.. and they will be long once they shake out the weaker money. I have been cautiously buying silver between 6.40 - 6.50 for the last week and will add some new longs today. Prices will rise very fast when, as you say, the real stuff is on the table. I think 6.30 silver is a gift.

Aurater ( aurater ) -

We get a couple calls a month from these dreamers who want to buy X number of metric tonnes of gold at X percent below spot. The younger brokers still get all worked up and excited as they run around the building telling everyone about this guy ( usually mid-eastern ) who going to buy all these tons of gold. Nothing ever comes of any of it. Look at it this way, If you could buy gold below spot with this hand and sell at spot with the other hand, you would make the spread just for transferring the gold from one hand to the other. If this is such a big deal, why would anyone need this schmoe in the middle? Pay this "rag" little heed, big buyers buy from the source. Barb posted about dealers and banks yesterday. As usual, she is mistaken, or at least not wholly correct. We buy directly from the mints. There are no banks between us and the mints. The week-long delay in shipping gold coins is a factor of the mint's delay in shipments to us. We are the largest sellers of Maple Leafs and Philharmonics in the world, so we are at the top of the food chain, when our delay is a week, small dealers usually have to wait up to a month.

Lsteve: The way things look at the moment some folks who will sell silver at $10 haven't been born yet : )

LSteve:

The fundamentals of supply and demand will not have anything to do with where an upside spike terminates. Over the short time frame, physical silver can just not be mobilized ( refined, assayed, delivered ) as fast as paper money. As a wild guess, the near long term ( 1-5 years ) probably sees an equilibrium price around 7.50.

Upon careful study of the metals price charts, I noticed that the movements in the silver price have been reflected in the prices of gold and platinum. Lately, silver has abruptly dropped from the top of "Warren's Finger" to near the bottom of its upward-trending channel. There is a corresponding drop in both gold and platinum, but both are still well above their respective channel bottoms. In fact, one can construct new upward trending channels that contain the recent price movements for both gold and platinum. I see one of two scenarios happening in the near term. I would appreciate any evidence and analyses any of you might have as to which is likely to play out.

Scenario 1: Silver will break out of its up channel, either heading sideways or down. Gold /platinum will continue down to test previous lows. ( Many depressed Kitco folk ) .

Scenario 2: Silver will be contained in its up channel, reversing its recent downward movement. Gold/platinum will follow it up, and will break out of the long term down channels. The bear will be dead. Celebration across Kitco.

In my opinion, it may be a few weeks before we know for certain. I think it is likely that silver will, in the near term, recover somewhat, taking gold and platinum back up to the tops of their respective long term downward-trending channels. We may well see pennant patterns forming, as gold/platinum bounce back and forth between the top of the down channels and the bottom of the new upward trending channels. However, by the end of March, one scenario or the other will play out.

Here is the channels chart. Study it carefully.

Am I reading this forum correctly that a concensus of opinion exists that the POG is in a week or two correction. Its my feeling we are going to see an intra-day low in the week or two time frame of 278 and change. It is after that point that I'm not sure where were headed. If I'm wrong about this whole thing the other option is a major shake-out to the downside. All opinions appreciated!

In support of scenario 2, I offer the currency chart. Note the world gold currency has broken its steep down trend. Although a new trend is not clearly defined, it is clear that the worst is over. Second, note that the world gold price is soaring! In the last few weeks, it crashed through 2-years highs, and is heading up at a fantastic rate.

Again, I would really appreciate your input re: conventional TA, Elliot-wavers, fundamentalists, and even astrologers ( Mike ) .

Hi all:
Anybody going to post the news on H-H with Greenspan? What time is it is it due out; Roebear has been out of the loop!

Anybody have any comment, analysis, details on this story?



Greenspan,140

------------------------------------------------------------------------
WASHINGTON ( AP ) - Federal Reserve Chairman Alan Greenspan hailed the
remarkable performance of the U.S. economy today but warned that ``storm
clouds'' coming out of Asia carried unusually high uncertainty about the
future.
Delivering his semi-annual economic report to Congress, Greenspan
indicated that the central bank was content for the time being to leave
interest rates alone and see how developments unfold.

He termed the current economic expansion, which will enter its eighth
year next month, an ``exemplary performance'' with inflationary
pressures falling last year despite the fact that the unemployment rate
dropped to the lowest sustained levels since the late 1960s

Here I am. I just ate a choclate chip cookie. That must be what brought you back.

davem ( gold headed down again ) ID#27253:

"start asking the question, how many YEARS. before gold gets to 350 again?"

Aye Laddie, Yanks lead a sheltered life..............

Take one thumb out your arse, and the other out of your mouth !!

February 20, 1997

Bullion stakeholders vote for gold hedging
from LBMA

Gold hedging has been given an unequivocal thumbs-up following a debate hosted by the London Bullion Market Association ( LBMA ) yesterday ( 19 February 1997 ) . The final count showed 66 votes in favour of hedging with only 16 against.

In his argument against the motion, Dr Birch said accelerated product selling was a contributory factor to market weakness. "Mining companies are selling far more gold than they produce," he commented. "They have created a dangerous dealing house environment where risk taking is applauded. But for hedging, the gold price would be much higher.
http://www.woza.co.za/lbma.htm

So, a year ago LBMA found it necessary to bring everyone into the game. Is that a fair inference?

Real Traders usually need to be at work, at least an hour, before markets open.

Opinionated salesmen need not be there till the boiler room opens.

Take care...Barb

Anyone have a source that tracks the price of silver over the past 30-40 years ( by week, month, quarter, year ) ?

D.A.,RJ: Appreciate both of your comments on the manipulations of the silver market, something the big CB's don't care about! Even then, the mystery of the workings of the silver market is fascinating to learn about. No wonder the gold market is so hard to understand!
RJ -- I enjoyed your comments to Aurator about the mystery bid to buy 7,000 tonnes of gold. I do have one question --- do you know why the CB's decided not to manage their gold transactions through the BIS, and instead use middle men in the private sector during the last two years or so? As you say these were large quantities of gold that were traded ( 8000 tonnes ) , so middle men would not be neccessary . Apparently the CB's did something similar in the 70's when they wanted to sell large quantities of gold. Why did they do this?
Could it be that the CB's wanted the private bullion houses ( or whatever they are called ) to know about the gold sales/loans - to encourage speculation? Or was it because the derivatives trades were very complex, and better suited to certain specialized places such as the LBMA.

By Miranda Maxwell, Bridge News
Sources linked the weaker tone of recent sessions to discouraged physical interest because the US dollar was thriving against many other currencies, making gold expensive in local money in many key demand regions.
http://cnnfn.com/news/knight_ridder/2270.4.html

Gold/Silver ( Asian )
http://www.dawn.com/daily/today/forex.htm#Bullion Rate in Rupees per 10 gms

Do you have a good recipe for Humble Pie Kitco can bake? ( To replace Maries stale cake? ) Out to the kitchen! {:- )

I checked thru ref looking for wgt and purity. Found wgts, but not purity . Physical dimensions don't seem to jive with wgt for 999. Do you know the purity of the gold coins? Also had a hard time with dates. Any clarification? Many thanx

Ahhhhh, ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha, what a double talking, bending, twisting bunch of BS.

First we get to read about you taking pot-shots at the other brokers here ( from th emoment you arrived ) ....and then we get some poignant ( bs ) story about you making millions in the 80's and spending it all on mink coats and cars that go fast and condos that are now probably worthless.......BFD ( not impressed with people tooting their "I make more money then the next person" horn. And then, when you get little ( or no ) business/attention from all your ( sad ) attempts at drumming up biz ( take it somewhere else ) you go after the brokers again with your stooooopid 'barb' filled insults.

Question......are you losing that much biz that you must come to on-line chat groups to see what you can find?? Sheeeeeeeeeeesh.

Why don't you just contribute facts and figures and stow the 'I am the better ( older/more wrinkled ) metals broker than you' attitude. Try sugar....this salt/vinegar thing ain't working for me ( got flies? ) .

btw.....if you were referring to RJ I gotta say I have made a HELLUVA-LOT-O-PM-BUCKS from his postings ( and he ain't my broker, and I pay him NOTHING! ) and ZIP, NOTHING, NADA, ZILCH, from yours. And how come you have the time to post anything....shouldn't you be 'in the trenches' ( with you mink driving your fast car ) making money for your clients....like the veteran ( old ) that you surely are??

I have no axe to grind....just something I've been wanting to say. Now go peddle your crap somewhere else....or play nice and people just might call you...... ( NOT ) .....
away...from that coin-shop dealer
tiredofitinCA

your charts are always welcomed. They show some gooood pictures.
Printed and pinned to my walls...one on top of the other. Thanks bro for your efforts.
away...to watch the channels.... ( continue )


although Silverbaron ( for one ) has e-mailed the Islamic mint for particulars...I doubt that they will share that information with anyone not a part of the Murabitun...but it certainly doesnt hurt to try.

re: dates 1992 --official date of re-introduction of Gold Dinar at Blue Mosque, Istanbul, by the then Prime Minister of Turkey, Dr. Necmettin Erbakan.

1997--just a date of a Kitco discussion which --in trying to understand world events--entertained the notion of an international gold currency...I was not here ( Kitco ) at that time, and found the statement whilst trying to pin-down the LBMA butterfly...

I've been into gold mining stock for the last 12
mos. After some bad times I've recovered somewhat.
This latest dip had me about ready to throw in the
towel. I'm glad u snapped me out of it. BTW, although
I'm not strongly anti-U.S., I am a proud Canuck. I
just refer to gold in U.S$ since it impacts my
investments that way. GO GOLD !!

RJ you said this morning "I think 6.30 silver is a gift.". Are you the same RJ, who mere weeks ago said that $6.00 silver was unsupported by fundamentals and you'd sell into that black hole all day? And that no bottom would be in sight once it began it's fall?

If you are indeed that same RJ, what has changed your view on the fundamentals behind this market? I find your reversal, highly bullish, considering your expertise and position.

STOCKS, Bonds, Currencies, Asset values NOT a useful proxy for REAL MONEY ( read GOLD! ) . Paraphrasing AG's speech before congress.

I have followed your posts since you started posting at Kitco and appreciate your input.
I know you avoid talking about business but please answer two questions about the Mountie coin. 1. How much over spot today? 2. Can I redeem for $310 face value anytime before 1/1/00? Thank You

You're not being much of a gentleman EB. Barb is a highly annoying personality, but ( sorry for the chauvenism ladies ) she IS one of the few females here. Perhaps she's just a neurotic looking for a little attention or recognition. She tries SO hard with her faulty facted posts...one has to feel a bit of compassion no?

Bought 10 "Saint Gaudens" today. By the way, for those naysayers re the Numismatic Gold coins, I called three different dealers and the buy/sell spread, price fix, on these coins has not dropped a penny in response to the big drop in POG. Confirmation once again that there are legitimate reasons why owning these coins can provide a Numismatic demand "floor" that bullion coins do not.

When Gold does begin to rise, I expect the "Saints" to outperform bullion by a hefty margin.

AG's Comments are confirmation that there are real problems on the horizon.
Currency base on what?
Investment in Stocks vs homes? 2nd Mortgagess?
Fund IMF because the potential risk is really dangerous.
Interest rates - currencies bonds support etc.

He is different this time listen closely to his comments.

He almost refered to Gold when discussing currencie backing.

HighRise

D.A. Martin Armstrong ( Princeton Economics ) is of the same opinion that the longs in the silver market are financing their positions with gold shorts. I don't know where he gets his info. Anyway, I think we may get a nice pop in gold when this silver thing hits the fan. After that is a big ??? in my mind. Armstrong believes that if 273.50 doesn't hold on a weekly basis, the next support is the 235 area.

Armstrong is a discreditied idiot, who has been trying to manipulate the market with his "analysis" while holding large short positions.

lgb...are you quite sure we are dealing with a female? hmmmmmm, hadn't noticed.

Now, where is our wonderful Colleen?? I MISS that feminine 'touch'. Colleen?? Where for art thou???.....mmmmmmm ( the mind wanders ) ...
away...to SA ( in my mind )


go silver

30-Year Bond
0.594 %
0.0036
10-Year Bond 0.564 % 0.007

Interesting, with CRB, XAU, OIL, Gold, etc. etc.FALLING. There must be something going on - is someone selling and not buying Bonds?

Japan maybe? and probably many others.

HighRise

Silver edging up...guess the big "Bullion house / Hedge fund" wars, are tipping in favor of the hedge fund at the moment.... Awfully tempted to buy more at this level....maybe later today....

Hmmm, hadn't thought of that, maybe one o' them crossdressing "trans" gender types eh?

selling big numbers of US Bonds. I think it is Japanese and Oil interests

CB's wanted the private bullion houses ( or whatever they are called ) to know about the gold sales/loans -

How about--a Purloined Letter Ploy?

If grumblings were beginning to surface about the size and number of forward sales ( e.g. ) well, then, LBMA holds a forum to prove that anyone who is with it is doing it...and the Official Policy is nicely camouflaged in the ratcheting up of paper gold trades!

We might speculate that the War being waged ( the dollar is good war--because the dollar IS the System ) was of such significant importance that it justified the considered gamble of giving legitimacy to the paper gold game.

When one considers the implications of this East Vs West struggle, one sees WHAT might bring all CBs into the fighting brigade. If usury is done, so are they! Surival of the System...THAT is great motivation...

If your email is ok, email me. Mine is cdevoto@conninc.com
thanx

EB - Glad you appreciate the charts. I anxiously await your opinion on the 2 scenarios. I'm in the middle of making major tactical commitments. Covered my platinum short yesterday for a small profit, after deciding that silver would take it back up. Actually went long platinum, but just a dab. Today I will decide how much more I should commit to my prediction that all the metals will be moving up in the near term, led by silver. What do you think?

If your coin dealer sells them, would you mind looking up the price of lots of 10 Canadian 1976 1/4 ounce $100 Olympic coins? I've seen exactly one of them, the one I bought back in 83 or 84, but this coin was advertised then as one which had a very high face value per gold amount. The fellow I bought it from has since retired.

Thanks, and here's a link just for fun having nothing to do with gold.

http://dailynews.yahoo.com/headlines/human_interest/oddly_enough/story.html?s=n/reuters/980224/odd/stories/pigs_1.html

Many thanx for your comments on au & ag markets. Would it add any perspective to analyse COT for big boys short and long, and chart this with each metal price? 5 to 10 years?

LGB: From what I've read Armstrong has ( had? ) a short position of 500 contracts. Not a huge position. The guy is no idiot, has a Ph.D. in physics and manages billions for institutions and governments. He does have a bug up his bum about silver though I do agree. His track record seems pretty good to me from what I've learned by investgating his past predictions. For one he was well ahead of the herd in predicting an asian currency crisis and a strengthening dollar through this period. He has also been rightly bearish on gold. One of the things that I like about his methods is that he uses chaos theory in making predictions on the markets. This is interesting to me and I believe deserves further attention from gold bugs. Don't get me wrong, I'm not a naive epigone of Armstrong. No one after all is right 100% of the time. Hey this is fun. I got the day off today. Mardi Gras celebration in Lafayette, LA and can't get through the crowds to work. You know "throw me some beads buddy". Or, the Galveston Texas version "throw me some beads buddy... or I'll shoot".

.

Not too many gold stocks climbing these days!. If all on this board would liquidate their various gold mines and invest in ALTA Gold we would be fine!...
Rounding top coming in the DOW, Russell 2000, methinks. Nasdaq is too DELL heavy to be a good indicator, IMHO. Maximum pessimism about gold... good... this short dowtrend could reverse soon.
Good Luck all.
Gaston

Not too many gold stocks climbing these days!. If all on this board would liquidate their various gold mines and invest in ALTA Gold we would be fine!...
Rounding top coming in the DOW, Russell 2000, methinks. Nasdaq is too DELL heavy to be a good indicator, IMHO. Maximum pessimism about gold... good... this short dowtrend could reverse soon.
Good Luck all.
Gaston

and I feel pretty good about it..... ( have waited long enough ) ...let us see if it gets picked up....... ( hope so ) .

Bought the SIU8 7000 call @ 450cts
sold the SIU8 7750 put @ 290cts
total = 160cts = $800 ( US )
now I go to the beach and watch pretty things and wait for the squeeze....looking to max out this trade at $3800.....I like the r/r ratios
I feel the time is right.......go silver.
*************************warning**********************
only trade futures if you are willing to risk it all and more....this is my Caveat.........ohmy!
away...to wait for the call


Sam Huntington was the President of the Continental Congress
in 1779. Isn't that like the speaker of the house?

http://www.webcom.com/bba/ch/huntington/huntingtonbio.html

LGB, your 11:52

I have seen your discussion about purchasing Saints several times now. If you would indulge a little into your experiences, I greatly appreciate the conversation. RE: Grade, dealers, expectations, problems you've encountered in your quest, etc. I have been moving towards a numismatic diversification for about 3 months now. I have seen and avoided many potholes in this journey, and am looking to listen and learn from all.

Humbly waiting by the roadside, on the Golden-Highway to the 21st century.

Gold for the good guysGMJ

.

oh no!!!! call my broker FAST!!

what I meant to say was I sold a 7750 *CALL* against my other one ( not a put ) ...that would have thrown my strategy all outta whack.....whoa!
away...to the showers to prepare for worky
ullSpread

you mean you could lose 800 bucks and get a lousy steak......I feel I have better chances in the silver market......although, get me to the crap table......I'm feeling lucky. Yahoooooo!!!
away


Certified NGC/PCGS

MS 61 $455.00
MS 62 $465.00
MS 63 $485.00
MS 64 $545.00

Dealers ( honest ones ) usually add 5/10%

.

SHHHH.... Don't sic this bunch on my ALTA. It might be bad luck. ALTA is doing quite well on its own, considering the market we've been having the past few months. I would hate to see it corrupted by the likes of these guys.

My email is cdevoto@conninc.com^^^ Send me yours and quotes on maples for size and size. Thanx

That should be size and quantities

Share your assessment ofGreenspans comments today.Might add his tacit hint of
troubles to come with his mention of the 7 GOOD years we have just experienced.

To SDer:Tnx for mentioning my 12.02 of Oct 25/97 posting. Other similar comments @
12..40 that same day by Zardoz.

Gold stocks holding even though POG down.

I do not think at the moment 1800 ounces would cause COMEX problems
versus eligible stocks. Gold Fields Mineral Services, in its recent
Update 1997 does report spot shortages of smaller bars -- the type that
mints purchase. This has caused occasional delays at the clearing house
level, but nothing serious at this point. It does point to potential
problems down the road, however, when the thousands of investors could
be scrambling for gold and straining the gold market infrastructure. In
other words if you are concerned about the future economy and want to
own physical gold, it is in your interest to purchase now. This is why
I agree so strongly with ANOTHER and why I believe he has provided such
a service. Keep in mind that gold is a very small business when
compared to the equities markets. We are not equipped for mass demand.
My advice to gold investors has been ( and remains ) : If you are
purchasing gold for asset preservation purposes buy the physical metal
and hold at these low cyclical prices. The gold chart is characterized
by spikes that result from many years of pent up pressure on the price.
The pressure at some point is released and the metal skyrockets. This is
gold's history. Unless you are very lucky, it is difficult ( though not
impossible ) to catch these gold market spikes. Timing is crucial if you
want to be a commodities' speculator. The physical owner pursuing a
conservative acquisition program can afford to be patient and wait.
You can post this on Kitco if you like. THANKS FOR YOUR QUESTION!
USAGOLD

usagold cpm@usagold.com

Years ago I bought an Australian 2 oz. yes two oz gold coin and put itin the lock box. Anybody know if they are still sold, if it was only minted that year does it have any numismatic value? THANKS.

.

SDRer: Your 12:10 -- Makes sense -- thanks. I had guessed the same thing about why the CB's went 'public' with their gold sales or loans. Back in the 70's they went public too, when the idea was clearly to make gold go down as fast as they could. I guess that is to be expected when you don't have a total monopoly of a market -- you have to get the other players to join in. But -- it backfired, didn't it? Gold went down a bit faster than expected, and now individuals who don't play their game got gold bullion for a song.
I enjoyed your LBMA post -- got the same impression, that gold derivatives trading at the LBMA will not be curtailed, no matter how much commotion develops. Just organize a meeting of shareholders, and vote. It would be ludicrous to expect the members of the LBMA organization would vote against continued gold derivatives trading.
I loved one quote from LBMA chairman Alan Baker that you did not post:
".... the ( gold ) debate was of great value in bringing some of the arguments for and against the practice ( of gold derivatives trading ) into the public arena. The dividing line between hedging and speculation is a thin one. But not to hedge is to speculate".
The way I read this is that once you let the gold derivatives genie out of the bottle, there is no way to recap it. Market forces will be the only things that will affect outcome, and not any effort at regulation of an organization that has survived over 200 years, and undoubtedly has tacit approval to operate by the Rothschilds.
The gold producers now have to live with whatever they have created ( in part ) by their own desire to lock in future gold prices.
However, we have learned something by the fact that the LBMA has even met on this topic -- and that is that the gold producers are feeling the heat. They will not be selling more gold forward at current prices, and are undoubtedly worried about whether their 'buyers', whoever they are, will keep buying their gold at the higher prices, such as $410/oz. I wonder -- is the LBMA liable if one of their clients defaults? Perhaps the client just gets blacklisted.
As others have said, it is time for the gold producers to look at fundamentals, and close unprofitable mines, rather than hedge with 'paper'. It will be interesting to see how many other gold producers will go bankrupt in the next few months, having been tricked into selling gold forward.

B-R-E-A-K-O-U-T?? the Euros...ohmy! Let see if it continues.....
http://www.cme.com/cgi-bin/flash.cgi
away...to the charts!
reakout

They are out it again! Big black billowing smoke....
coming from ?

Where do I get Rhodium and what is it?

All:

We returned home last night from our trip to Orlando. We had a
wonderful time, went to three Disney parks, Disney World, Epcot Center
and Disney MGM Grand. Of the three, we enjoyed Epcot the most. It is
geared more to adults. There were CROWDS of people, the food in the
parks is very expensive and not very good except for Epcot center. We
had a very nice lunch at a beautiful restaurant.

We visited friends in Lake Suzie, ( about 30 miles north
of Ft. Myers ) . They are very nice people, took us to lunch at a nice
place with very good food. We enjoyed our visit with them, they are
coming west to Lake Powell in September, they are going to try to visit
us.

The weather was great while we were there except for Sunday night. We
woke up in the middle of the night and it was storming very bad, wind,
rain and lightning. The next morning, the news said that there had
been tornadoes north and south of us and 36 people lost their lives, we
were blessed that they went around us. Did you weather the storm with everything intact Oldman??? Sure hope so.

We enjoyed our trip, but its good to be home and sleep in our own
bed.

Did not meet any Kitcoits this trip, we are going to Pheonix & Tucson Az. next month, any Kitcoits there??? Would enjoy having a cup of coffee with you.

Bjack@cdsnet.net

02/23/1998 $5,519,492,792,898.57
02/02/1998 $5,483,592,532,096.82

FedGov $36 billion deeper in debt so far this month.

And yet Bill/Rubin/Et al tell us we will have a budget surplus!

EB, you're a swaggering, betting man ( cough ) - any bets on when the FedGov will have to raise the debt ceiling again?

( wink )
Spud, off to cut a few lines of rhodium black in honor of ma preazidenT

The outlook for...the United
States is less assured of late because of storm clouds
massing over the Western Pacific and heading our
way, the Greenspan warned, explaining the Feds
decision to maintain interest rate.

rhodium ( rd-m ) n. Symbol Rh A hard, durable, silvery-white metallic element that is used to form high-temperature alloys with platinum and is plated on other metals to produce a durable corrosion-resistant coating. Atomic number 45; atomic weight 102.905; melting point 1,966C; boiling point 3,727C; specific gravity 12.41; valence 2, 3, 4, 5, 6. [Greek rhodo-, rhodo- + -ium.]

Crazytimes posted something at 00:54 that made me cringe. Everyone has the right to post until Bart says otherwise. There seems to be an endemic attitude by some ( not all ) , that nobody, and they mean nobody but a select circle, has anything to contribute to this site but them. We all have something to learn from each other and you have the option to accept or reject others thoughts or opinions. The excuse of bandwidth overload is just that. An excuse to drive anyone away that does not meet thier selfish, moi, I'm the only one that knows anything, almighty opinion and how dare you insert your rubbish into OUR forum. ( As if they OWN IT. )

To continuously downgrade or INSULT others is not civil and contrary to an honest, open discussion of the facts. From what I've seen from my short period on this forum, MOST ( NOT ALL ) of the advice has been emotional and incorrect. I wonder how many have viewed by lurking, taken bad advice that they accept as the last word, and plunged into PM's and taken a beating, if not a severe beating investing in PM's. We are all adults and should act responsibly when we post. I'm not lily white either. I do apologise to others if I have offended them or given bad advice. ( After all, the Godfather said we are all human and prone to err. )
Look into your SOULS, and see if you're just being emotional and hyping wishful thinking. A good joke or a little bantering is a good thing to ease the tensions we are all feeling.

Everybody should be open minded and use thier own judgement as to what is rubbish or good and leave it at that. Even many off the wall comments might have some merit to them and directly or indirectly affect the PM's. At least respect the person, not neccessarily the opinion.

One last word ( forgive me Bart ) , CONSPIRACY is listed in the dictionary. Look it up if you do'nt know what it means. The media has convinced many that CONSPIRACIES are only believed by nincompoohs, idiots and irrational persons. They ( the media, governments ) do'nt want you to know the truth. We've all been trying to figure why the world seems to be upside down, markets going up when they should'nt, the Fed, BIS, IMF, Bilderburgers, CFR, Trilateralists, The Club of Rome, The Rothschilds, Morgans, Rockefellers, CB's, fractional reserve systems, Asian crisis, Clinton scandels, worthless paper, rumors of war, big name foundations that we the taxpayer subsidize, ad nauseum.

One more last word. ( sorry again Bart ) Does anyone deny that these entities exist? What is thier true purpose? I'll say it again for the brain washed and brain dead, why is gold, the markets or many other similar things defing all logic and common sense? IMHO, we're all sheep playing into thier hands and gold or other PM's should only be a small portion of one's portfolio as insurance. One should have a mix of gold ( mines and physical ) and just hold on until the tables turn. This hype about one might to be too late to enter PM's once it starts is wrong thinking. There is a window anyone can get in and still benefit once PM's move up. ( Anyone who tries to catch the exact bottom or top is either physcic or physco. ) This is still not that time.

LOOK A LITTLE DEEPER AND YOU MIGHT FIND THE ANSWERS! AND I RESPECT YOU ALL ( EVEN IF MY WORDS SEEM HARSH. ) AND DO FEEL THE SAME PAIN. PEACE TO ALL AND PLEASE DO'NT KILL THE MESSENGER.

TIME correspondent Bruce Van Voorst believes
Decembers 9-year-record trade deficit is a sign of
things to come, plummeting Asian currencies send a
tsunami of cheap imports towards America, while
Japan's failure to stimulate its domestic demand and
absorb some of Asia's exports exacerbates the crisis.
"If the trend reflected in the December U.S. trade
deficit continues - and there's every reason to believe
it will - the Asian crisis could knock 1 percent off our
GDP and wipe out 1 million American jobs," says
Van Voorst.

One of your many posts from yesterday, such a classic of wisdom that I had to repost. A few words deleted for brevity....

Date: Mon Feb 23 1998 21:39
Heavy Hitter ( TED ) ID#403159:

I blew out.....Really, I didn't want to do it.... I had a mental stop...
I pulled the trigger....it wreaked me....now I'm with squat...I think we are going down.....not acting well at all....a very sorry goldbug...We are our own enemy.

Pourquoi est-il celui-l peut-il acheter quelque chose avec une carte de crdit EXCEPT l'or et l'argent? Je trouve cela amuser terriblement. D'ailleurs, c'est ma premire distribution en franais,  l'aide du moteur sanglant d'AltaVista. Naturellement, une fois que les orage-troupes du Texas assurent le Qubec, tous les signes avec doivent imprim en l'argot, l'anglais et franais est du Texas.

M. Pomme de terre

Heavy-Booze-Guy is sleeping one off....... ( take some Tylenol...EXTRA strength )
away.


spud, I don't know........ ( says EB swaggering to work ) ......

A Burnt Ship

Out of a fired ship, which, by no way
But drowning could be rescued from the flame,
Some men leaped forth, and ever as they came
Near the foes ships, did by their shot decay;
So all were lost, which in the ship were found,
They in the sea being burnt, they in the burnt ship
drowned.

With a "Salud!" to the Laird ( Kitco Poet Laureate )

I'm perfectly content to see POG bounce around in a 3%+/- range here. A certain amount of volatility in markets is indicative of a healthy give and take among the players. We will not see the trending moves by looking at daily flux ( IMHO ) because this is like looking for pictures in clouds. Whatever you see will only be a projection of your fears or desires. Recent book about chaos in markets indicates that 20 to 40 days in the earliest we can see patterns which are reliable indicators of trendness ( in equities anyway ) . This continues out to about 4 to 5 years. In other words the markets lag news, remember past events and tend to trend either up or down based on perceptions of the past 30 days to 5 years.

A good 30 day moving average is a decent beginning in filtering noise out. Does anyone care to post a 30 MA on gold for the past three years?

Its obvious that the paper markets wag the dog here. People fiddling with representations of gold rather than gold itself.

The 7000 metric tonne ad, to my mind, is a fabrication of some kind for some reason. It is not what it seems to be. It seems to be an ad to sell gold. But the numbers are to large and the arrangement to public. It could be a scam. It could be a pre-arranged signal to a widely dispersed group of players. IMO it is not what it seems to be.

Thanx a lot. missed your reply earlier. When wife comes home, I'll measure 1/10 Isle of man 999.9 and this volume may give a clue to purity of dinar. Thanx again

Olivia Newton John is our friend... "Let's get physical. physcial...let's get into physical...."

http://biz.yahoo.com/prnews/980224/inmet_home_1.html

Bart where are the Rhodium quotes coming from??? Thanx a lot, Chas

G'day Rube. The Aussie 2 oz gold coin is minted in very limited quantities and therefore carries a reasonable premium over spot. What year?--I'll tell you the number minted. Cheers, Nick. PS--great looking coin and sought after here by collectors.

Carraberra:
Radio news: :"Australian Tourists advised to stay away from Auckland during the power crisis."

How can we turn this into a trend?

Well, it certainly looks like the battle will continue in the overnight markets. Those boys better stay awake. The first one who dozes off will lose it. But, we'll see if the close makes anything pseudo difinitive.

.

As soon as we can get all of the Kiwi 'tourists' off the welfare rolls in Oz, we'll send em home to you. At least we have discovered electricity in Oz!!

As some have mentioned lately, there is a very unusual pattern taking place with the long bond rate. In the last few days, it has climbed from 5.81 to 5.97 as gold, silver, gold stocks, XAU, and gold funds have declined. Meanwhile the yen is dropping past 128/$, and the dollar is not showing weakness as if it were being sold.

In the past 6 months, this rate increase led into a gold rally after only one day of significant increase. These last few days seem to be changing the rules, but I tend to think we are stepping into rally territory. CYA.

Is someone aware of something else happening?

I agree. No one should criticize any one else. Everyone should try to get along. EVEN THOSE JERKS THAT POST STUPID STUFF!!

Oh well... where did I leave my Prozac???

First year of issue. As I remember it has the Queen one side and a kangeroo on other,yes a pretty coin

are apparently being converted out, Where it is going and into, is anybody's guess. Doesnt look like it is moving into US equities now.
Also, if anybody here who has the contacts to find out WHO are the big shorters in Gold these past few days will give us a good clue as to many mysteries that seem to dictate POG movement.

Also, I feel that the world is getting fed up with US arrogance in global politics/economics and in dictating what is 'right' and 'wrong' while using double standards in dealing with different countries on like issues, Also there is a feeling that US Citizens are totally brain washed and seem to fully support the administration inspite of questions of morality emanating from Whitewater, renting bedrooms in WH, G Flowers, P Jones, Lewinsky, Vince Foster, Ron Brown, Killing women and children in Waco blaze, Backing out of ME Peace accords inspite of being a GUARANTOR of these, Citizens Tax money footing the Bill on mis adventures in dealing with Iraq, Heavy handed US approach through control of UN/IMF/G-7.

USA seems to be giving consistent reason for their own dislike elsewhere.

Russia to Blast Bureaucrat into Space
http://dailynews.yahoo.com/headlines/world/story.html?s=n/reuters/980224/international/stories/space_2.html

( Another ) representative of the Islamic Mint? Hmmmm, I wonder...

With almost 100% certainty I can report that the imminent demise of this
bull mkt in equities is @ hand. At the very least a nasty correction is pending. This morning I capitulated & covered my last equity short. In the last 2-3 weeks I have managed to lose the substantial gains that I made on AU stocks in the last run up.
However, I do take solace from the fact that I'm contributing to the early retirement to Phoenix of some Detroit auto worker.

Yeah Folks, the MF sheep have beaten me.

Ted--did you catch my early A.M. post.

I suspect that Haggis and Joe Smith have a good source of Rhodium in their twin minnows from Oz - East Coast Minerals ( ECM ) and Legend Mining ( LEG ) .....The bulk sample ( 103 tonne ) assay should be ready soon, perhaps end of this week, but early reports indicated Rhodium in the PGM component

Larryn: I suspect the SA finance minister statement that he anticipates more European CB selling during the first half was the key factor pushing gold down today.

Gold stocks holding up pretty well today, but the downtrend probably will perist until volume picks up in a big way. But the gold stocks will almost certainly turn before bullion.

Flaunting your intellectual superiority by ridiculing Heavy Hitter.
What's wrong with his posts? I find that he's quite erudite & obviously well read. His "we are own enemy" is pithy in it's simplicity & wisdom.
Only Pogo could have said it better.

Why gold stocks will turn up before bullion? Is is because they have done so in the past, or some other specific reason?

= "we are our own enemy"

are we not heading into seasonal weakness as well?

It is most heartening to learn that Martin Armstrong continues to scorn the vile gold & silver products of Hades. He is a celebrated man of letters and he perceives the Truth as no other man can.

He is overcome with the Holy Dow Power and is a true believer in the power of equities. Disney, Coke, Gillette, IBM...just saying their names gives me the shivers. Try repeating them yourself, brothers...they are the names of His Glory.

It is not too late for you all to be rid of the demon gold & silver curse and find salvation ( just as I have found it, thank God ) .

It is a holy, holy, holy power coming at ya.

When you are in the spell of Holy Dow Power, then you will find yourself speaking the tongues of the Kingdom of the Lord.

Coomalackacoomalackabubbagummadooba!!

Re your earlier request for pointers on "Saints".

1 ) Both the "raw" BU and the certified BU are better buy's and have better appreciation potential than circulated stuff ( which I'd avoid )

2 ) Buy them "untoned" if possible, the market's better for lustrous "brilliant" pieces.

3 ) If you buy "raw" ( unslabbed, uncertified ) , you'll pay less from most dealers than certified, however, beware of shiny "cleaned" AU coins ( very lightly circulated ) masquerading as BU. Buy from a reputable dealer, I can't name names here or Bart'll get mad. My advice, get a "Coin World" at a large magazine/bookseller, and run a "test order" of 1 piece from several dealers and compare price/quality/delivery.

Nice BU raw coins are around $440 to $480. See Roebell's post below for wholesale cost of certified "Saints".

4 ) Ask the dealer if they'll buy back their own coins and what the spread is. If you hear a lot of hemming and hawing and ambiguity, AVOID that dealer like the plague!

Also, if a dealer isn't quick to give you a good quote based on what you're requesting, and seems to be "feeling you out" to determine what you know and how much they might "take you" for, AVOID them like the plauge! ( I won't name names cause Bart'll get mad! )

5 ) Don't get talked into "Liberty" $20 pieces which trade at slightly less. The "Saint" is a more liquid, more sought after coin and worth the extra $10 premium. ( I'm talking common dates here of course...in the rare stuff, there are expensive date/mint combo's in both series that are highly sought after by Numismaticists )

6 ) Ask about delivery times before ordering. The lowest priced dealer of BU "Saints" in coin world, who is selling about $15 below anyone else, delivers inferior coins with a 6 to 8 week delivery time. ( Again, I shan't name names... ) For the most part you get what you pay for.

7 ) If all the foibles and pitfalls of "raw" Saints seems too daunting, stick with "certified" Saints slabbed by either NGC or PCGS, untoned, in grades of M/S 62 or M/S 63 if you want a lot of Gold, or M/S 64 and M/S 65, if you want to try for more "premium" leverage, but less Gold in an up POG market. The higher grade coins tend to increase more exponentially in a hot market, and correspondingly, their premiums shrink more during mean, bad, viscous bear markets like we've seen the past few years.

You can buy beautiful M/S 65 Saints right now, for less than 25% of what they cost in 1980.

Remember, "there aren't minting any more of these". When demand starts to build...look out! Finite supply.... of the "World's most beautiful coin" ( according to many Numismaticists )

Dow/Gold Ratio = 28.72 This is a new high

ARGENT: OK...I promise: no more mention of our favorite, still climbing, gold stock.
Rounding Top forming ( DOW, Russell 2000... ) , methinks, on various US indices. If rounding tops are are confirmed within the next few trading days, you all know how insiduous those are.... and how they end up: a slow but steady acceleration downward that can end in a cataclysmic drop. The US stockmarket is starting to look very exausted. But some bulls are still throwing money at it. Are they courageous? or irrational lunatics? or simply not knowledgeable enough about the overbought situation we are in?
Messieurs et Madames les bulls: drop it!. Give this market a break... and start shorting... otherwise a much more serious collapse could occurr later on.

Latest
Headlines

Stock
Markets

Dow
8370.10
-40.10

S&P 500
1030.55
-7.59

Russell 2000
454.31
-1.98

NASDAQ
1738.72
-13.04

NYSE
534.82
-3.59

AMEX
687.50
-1.58
Commodities
& Futures

Gold
2927
-20

Silver
6335
-138

Oil
1531
-6

Gas
2215
+36

Corn
2632
-24

Soy
6532
-92
Bonds
& Forex

30-Yr T-Bond
0.5968 %
0.0064

10-Yr T-Note
0.5674

XAU/Spot Ratio = .236

The avdec e-mail moniker at a different isp has an ad on the korean trade net selling two privately owned former Coast Guard patrol boats, which were at one time government property.

Gold/Silver Ratio = 46.11

What the hell is going on? Ag down again isn't this stuff supposed to be in short supply?

Do we have anyone residing in England on this forum? I have a question about a British gold coin.

Treat it as such.You will all be happier and live long fruitfull lives.
Your anguish is disturbing.There is nothing you can do about it.Go with
the flow.Do not try to understand that which you cannot see.It will be
your demise.It will be your undoing.Tick Tock Tick Tock watch the clock.
Ignore the news.Watch the quotes.Trust no one.Don't worry.Be happy.

Hi diddle diddle,the cat's in the fiddle,

The COW jumped over the moooooon.

As the intentions become clear,and you then lose your fear,

No longer will you need this rubber roooooom.

...in the warm embrace of the Holy Dow Power and the Immaculate Nasdaq.

Don't worry, be happy. It is a simple, pithy hymn to the Lord and you too can find peace and solace in its simple message.

Cast away your futile, hopeless beliefs in gold and silver. Be done with the foul metals. They are nothing more than instruments of Hell.

Don't worry, be happy on the sails of the Holy Dow Power!!!

I dont think so...He is sometimes gently chiding, sometimes gently teasing but remarkably objective and analytic. His principled conviction has burned bright only once ( that I have seen ) , when he said, In the past many world governments and leaders, far greater than those today have embraced these thoughts. I and my fathers have done battle with such evil and won! For we have 6,000 years of history as our armor! , and once again--in a quite factual if not dispassionate manner, when he wrote, There is one oil state that no one will play for a fool.

When one reads the small amount of literature from the Mirabutin, the passion forms every letter of every word ( again, my personal view obviously ) . So, my guess--would be Asian, a manner of thinking shaped by a philosophy of life rather than religious belief. IMVHO

James, Jamester, Jamesmeister...I never thought you of ALL people would quote Ronald reagan! ( hehehe )

"Date: Tue Feb 24 1998 15:59
James ( LGB@There You Go Again ) ID#252150:"

Oh, befuddled ones... I've said it many times, but I'll say it here again. SILVER IS PERVERSE. It will do that which is most likely to get your goat THE MOST! Gold and Silver. Good cop, bad cop. Love em both!

Sigma Mines now a part of McWatters Mining ( mcw ) Tor., produced about 8.9 million ounces over its life and is still producing and finding new ore today with its new owner McWatters who plans to increase production at Sigma from 700 Tonne/day to 1500 Tonne/day by Y2K. Also in the McWatters stable is the producing Keina Mine.
http://biz.yahoo.com/bw/980223/mcwatters__1.html

Canadian Federal budget being announced at this minute. Expected to be balanced and containing tax reductions and more cash for national health care.
http://www.canoe.ca/FedBudget98/feb24_preview.html

Date: Tue Feb 24 1998 16:37
SDRer__A

I wished I had gotten a play on Rhodium when you first mentioned it. Palladium is doing badly but nothing like your Rhodium.

I give up on the market! A Friend of a friend of mine found this old Indian stumblin out of the hills, practically died in his arms. Had a sack full of silver nuggets he said he found in a stream up behind the res. So I guess Ill go see if I can find the mother load. Ill just point this donkey in the opposite direction and he should pull me right to it! Bye for now.

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

Gold: Fell 97 troy ounces to 440,342

Silver: Plunged 2,275,553 troy ounces to 89,747,932 ( ! ) -A new 16 year low

The situation in Silver is turning to the "explosive" side once again and now that many weak traders have been shaken out and now that the usual "complex psychology" seems to have done it's job on most of the late comers, some upside potential is at hand once again.

Give in to nothing that robs you of your dignity.

Take a walk with someone you care for and speak with a criminal.

Do not ask the barbarians to be kind.

Do you suppose there are any coins? {:- )
What would make SENSE ( cause the rocket chaps are using this in their derivatives, you KNOW ) is to identify the next 'trades,but not a lot w/no options metal, and buy THAT...and I'm not sure I'm teasing!

Who wants it? Nobody.

It is the product of the devil.

There is no shortage of this glittering false seducer of reasoning and intellect.

Believe in the Holy Dow Power. It's ascension to 10,000 is as sure as the sun rising in the East.

Abby Cohen, high priestess of Israel, guarantees it!!

These are not free markets, you all spend your time trying to figure out their lies.

Run into the streets and demand what the Sun, and Moon know, they who sell you these things are liars, the thing is paper, trust the metal for it is the thing which needs not the promise of the jew Greenspan.

Oh by the way, which most of you cannot afford. My mother is a jew, so what, if she wants to be a jew, I tell her to go live at the Israel ticket counter.

Ya all can kiss my ass.

America is for the free, England SUCKS.

He's right up there in the same league as Pogo & has dispensed wisdom for the ages that will stand the test of time.

WE want it....

WE want it ALL....

BTW - the DOW POWER is running on fumes, brother!

free and unhindered access to the same psychotrophic drugs that farfel is mainlining! It is not fair for one person to experience the supposed ecstacy of a brain in full-blown biochemical collapse, while we, endorphin-less, stare like RCA Victrola dogs.

An angel of the Lord, Martin Armstrong himself, disparages the vile silver metal.

Do you dare speak against the Truth he reveals?

Do you dare doubt the Holy Dow Power?

Do you dare worry and not be happy?

I have inhaled the drug called, "DON'T WORRY, BE HAPPY!" It is the message of the Holy Dow Power...it is the message of the Immaculate Nasdaq.

I am higher than a kite on the spirit of the euphoric Holy Dow Bull!!!

I soar to the heavens on the back of the vertical X-line of its plotted graph!

Dude...it got old after the second post...when we get to 20 or 30 it's REALLY gettin old!

or however you want to spell it, was a mental midget and his wife a nothing more than that which wrapped herself around a penis in history for which she took credit.

Stupidity both doth not grow a flower near the tree of liberty.

Look at their diet and the diet of the man and women in the field.

The baker of the plates was an unknown, the people did not need fancy plates, they merely wanted food within reach of their fingers, upon which they could feed their children.

Lest you idiots think by your selves, which I am sure you cannot afford, Tolstoy was bitter, Marx and Engles were idiots whose very birth breaths were not worth the pains of the vaginas that bore them unto the world, they wanted more than a free ride from the get go.

Life is effort, effort is Liberty.

Your advice is timely, valued and appreciated. I bought some OEX calls this a.m. when the market was down, here's hoping.

Yes.
Yes on stilts.

Silver is building up a LOT of pressure. It will skyrocket anytime. I has some positions at a higher spot price, but silver is so low now that I got more long position silver bar. It couldn't look better!

Silver is building up a LOT of pressure. It will skyrocket anytime. I has some positions at a higher spot price, but silver is so low now that I got more long position silver bar. It couldn't look better!

Come ride with me to the 10,000 point heaven of the Holy Dow Power!

Cast away your failing gold and silver. Join me in victory once more.

Unfortunatley, as a medium of communication, the internet discussions have many flaws compared to a live conversation. The biggest flaw being that one cannot hear the voice of people which expresses so much, if not more of what a person has to say. My post of 00:54 was meant as a compliment to this Discussion Group. I have found this group to be the best discussion groups on the net. I am a goldbug, yes, but even aside from that, the posts on here show me an incredible intelligence, perception, knowledge and humor. Although I am new here myself, I so much look forward to logging on. Part of the reason for my like of this site is in fact it's diversity. One of my posts, I stated that I missed Ziva, and I MEANT it. It was not a sarcastic remark. It's hard to tell that from just the written word though. I DO BELIEVE though that one of the reasons for the keen perception on here is due to the contrarion nature of most of the people here. As per my post, which I stated that the "downside" of an "upside" in Gold would be the onslaught of many people on here that would most likely NOT be contrarion or Goldbugs for that matter. IMHO, that would change the discussions dramatically. I don't mean to offend anyone by that. It is very clear to me that the appeal of the posts on here are due to the fact that people on here are not "running with the crowd". I admit I don't like crowds, but that does not speak to any one individual. This forum and the internet in general is the closest thing to a true democracy-any one individual has a voice ( if you can afford a computer, that is ) Forgive me, Pete and ALL if I offended anyone. Long live Kitco's discussion group no matter what the POG does.

Farfel, you're in the wrong discussion group...

Dow Recycling, a local subsidiary of Waste Management placed the following notice into my mailbox today:
Effective immediately recycling of glass, aluminum cans, and plastics will continue as usual; however, used motor oil, grass clippings, gold and silver bars are no longer acceptable due to low salvage value.

This was signed Mr farfel.

Date: Tue Feb 24 1998 17:06
Realistic ( COMEX DATA ) ID#410194:
Gold: Fell 97 troy ounces to 440,342
Silver: Plunged 2,275,553 troy ounces to 89,747,932 ( ! ) -A new 16 year low

Incredible drop in silver. Realistic could you please give the amounts of gold and silver elligible for delivery. Thanks.

And with your wealth...what would you be different than that which you so violently complain about.

Hmmmmmmmmm.


Speak to me with no motive, if you can. I know you cannot.

The Dow flag waivers have really lost it when they choose to ignor the facts of supply and demand.

When Buffettt broke his silence, he had still to take delivery of an additional 40 million ounces which he indicated would continue until March 6. It would appear that COMEX drawdown is lagging what I perceived to be a draw-down forcast. Anyone have thoughts about an explanation? Could he have taken delivery of some directly in London outside COMEX numbers are are there going to be humongous shipments soon?

Can't get the numbers until in the morning, but the net-net available ( after Buffet gets his 40 MM ) must be getting pretty small.

Re your comment; "Silver is building up a LOT of pressure. It will skyrocket anytime. I has some positions at a higher spot price, but "silver is so low now........."

I too believe that silver will go higher, but be careful about the "silver is so low now" commentary. Let us not forget that silver is approx. 50% above it's July low. An absolutely extraordinary rise, and multi year high, and one that has happened in half a year.

We had quite a few analysts on this very forum who mere WEEKS ago, stated that $6.00 silver was too high and unsupportable by the fundamentals. Don't get me wrong, I'm pro silver all the way, but we musn't succumb to "irrational exuberance".

If you don't quit the satirical posts soon, I'm going to start making Puetz posts again!!!

And speaking of Puetz, I wonder if he's aware of the solar eclipse this week?

This forum needs a detox desperateley, clearing illusions and delusions.
Get a grip guys, dow overvalued what about the scams we have seen in the
PM mining industry in the last 2 years. Talk about overvaluation, the senior PM stocks trading in 50, 60, 70 and euro nevada trading in the 100
range. Insidous notion, gold has to go up for whom ? 66 goldbugs crowding
each other on a head of a pin. BIS, CB's and Govermnt's run this show. The BIS puts the yellow where it is needed, CB's got the stockpile above ground,Goverments control what's underground, consult your deed on your mineral rights to your property. WB 2% insurance no sweat, paying 30 to 50% insurance why? Desperately hoping, it will pay off every 20 years or so, get a life, get to the sweat lodge, trade the bear rallies but insist no longer,or contact the everbuillioned EB and RJ!

WASHINGTON ( AP ) - Federal Reserve Chairman Alan Greenspan hailed the remarkable performance of the U.S. economy today but warned that ``storm clouds'' coming out of Asia carried unusually high uncertainty about the future.

1958 - Fiction "The Ugly American" by U.S. novelists Eugene Burdick and William J. Lederer published in 1958.

A fictionalized account of Americans working in Southeast Asia, the book was notable chiefly for exposing many of the deficiencies in the United States' foreign aid policy and for causing a furor in government circles.

Eventually the uproar led to a congressional review of foreign aid. Although some of the novel's characters are committed to the local people, many deplomats -arrogance-insensitivity-stupidity-incompetent-out of touch with the Asians they are supposedly helping.

INDONESIA -OPEC MEMBER -Maylay Archipelago -Republic of Indonesia
( Netherlands East Indies )

1623 - 30 Dutch Families land on Manhattan Island USofA
1624 - Dutch naval forces seize Brazil's capital.

1628 - Dutch forces occupy JAVA & MOLUCCAS

1641 - Dutch East India Company Traders - JAPANESE permit them to remain on condition company officials, once a year turn somersaults in the street, spit on the cross, and pay rent in pepper corns.
1945 - Achmed Sukarno 48 elected pres. Indonesian Republic.
1946 - CHERIBON AGREEMENT, Dutch and Indonesian diplomats, end fighting between Indonesian-Dutch-British forces - Indonesian Republic ( Java, Sumatra, Madura ) and United States of Indonesia which include ( Borneo, the Celebes, Sunda Islands, Moluccas )

1958 - Sukarno seizes Royal Dutch Shell - Dutch refugees pour out of the country.
1959 - Sukarno - Guided Democracy - His communist Party ( PKI ) gains more power.

1965 - Indonesian army defeats a communist takeover - JAKARTA has seized U.S. OIL COMPANY PROPERTIES also GOODYEAR TIRE & RUBBER - seizes all remaining foreign owned properties.

A general massacre of communists estimated dead range up to 400,000, but many of those killed are ethnic CHINESE who dominate the Indonesian economy.

FYI............Take Care

First year of issue of the two oz gold nugget was 1991 x 491. Even fewer made in later years. I've got one in a nice wooden display box with certificate etc. Cheers.

Were you born stupid, or did you get run over by the skateboard of a child next door.

Please, elucidate. GOD loves a dimwit. State your point or shut up.

WB says: If you have problems with delivery I am willing to postpone delivery of 40,000,000 oz. until a latter date plus of course a little vig. He has told the longs to take delivery of your silver then I will hold the shorts hostage with the threat of slamming the market later after all the Comex stocks are depleted. There will always be WB silver waiting to take delivery and thus holding a floor on the price. Now why is Silver dropping?

pardon me, for a moment, one and one half minutes as the British have informed me and you must know how I love them, I have to feed the animals.

Butthead, please inform me of your diatribe, please.

http://biz.yahoo.com/finance/980224/j_p_morgan_1.html

Currency crisis,Y2K,probable war in ME, a President that will most likely not make it to finish his term, inflation, deflation, not to mention passing through to a new Millennium, which will bring out ALL the crazies. Insurance? You bet. And we need lots of it....

LGB, at the time COMEX silver stocks were more or less twice as much of what's available today. That has to have a tremendous impact on price. Actually I'm surprised that Silver's spot has fallen today 13c. I've been told that Fund managers are selling out some of their positions in order to weed out the small investor and build pressure on the spot price. That way they will be able to manipulate the market and let silver's price skyrocket. With the COMEX warehouse this low, that will happen soon. My feeling is that it hasn't happened so far because Kodak announced that it has hedged half of their 1998 consumption of silver back mid last year. Its my understanding that photo industry consumes around 80.000.000 ounces of silver per year!!! ( Is that figure accurate? ) And with the DOW about head south, who knows what are the limits!
I'm also puzzled though about WB's delivery. His silver is currently coming out of COMEX and he's still waiting for 30 million ounces. When are they delivering his silver? Is all actually coming out of COMEX?

http://biz.yahoo.com/finance/980224/moody_s_re_2.html

http://biz.yahoo.com/finance/980224/u_s_consum_1.html

Back in July and August, I was screaming hysterically on this forum to "buy silver...the COMEX drawdown is nigh...etc." Now that we've had a big move, and I see so many calling for huge explosive additional moves, from all quarters....it's making me nervous! ( However, if you can get Joe Sixpack on board.......$ 50 here we come! tain't gonna happen though cause this isn't the inflationary, war torn, Oil crises, economy in shambles 70's )

There are 17,950 contracts worth of silver in the COMEX warehouse.
There is only 4,400 contracts worth of GOLD in the COMEX warehouse!!!


Yes! There will be a short squeeze, the real question is WHICH METAL will it be in????????????

Or near enough...good commentary following..we're almost shed of the weak Johhny come lately wanna be Buffet's.....


New York--Feb 24--COMEX Mar silver futures fell 13.8 cents at $6.335
per ounce after hitting a 3-week low of $6.29 on technically-driven fund
sales. Apr gold ended down $2 at $292.70 per ounce, extending Monday's
losses, as bearish sentiment increased following President Clinton's
acceptance, albeit with some reservations, of the Iraq-UN pact on weapons
inspections.

Many struggled to explain the reason for silver's decline, given that
the continued drop in COMEX stocks should be bullish.
However, George Gero, senior vice-president of investments at
Prudential Securities, said that disappointed longs were exiting silver.
"People didn't realize that when ( US investor Warren ) Buffett stopped
buying it was the top of the market...All these Buffett followers are now
wondering what's next and they don't have the patience, fortitude or long-
term view that he does," Gero said.
Buffett's company Berkshire Hathaway announced the purchase of 129.7
million ounces of silver, helping to send Mar silver prices to a 9 1/2 year
high of $7.50 on continuation charts on Feb 6.
Some suggested that Mar-May rollover is also responsible for the Mar
price decline. After being at a premium to May for sometime, Mar moved
virtually level with May on Monday and today ended at a discount, with May
silver settling at $6.365.
Gero noted that the disappearance of the premium of Mar silver over May
Monday was bearish. "If this premium is disappearing it means people don't
want physical and that's bearish," he said.
"It's just disappointment that silver didn't follow-through on its
highs, so people are getting impatient and selling it," said one trader.
Some suggested that today's CPM Group annual silver report helped stem
today's silver price drop. One trader suggested that the CPM estimate that
European stocks may total 150 million ounces by the end of February was
less than many had expected.
Traders said that the open interest in Mar was "dropping to a
manageable level," making problems on Friday's first notice day unlikely.
However, some are expecting that there could be a scramble to take
delivery, with COMEX stocks still at low levels.
COMEX stocks fell again today, dropping by a huge 2,275,553 ounces to
89,747,932 ounces, their lowest level since the 89,563,975 ounces reported
Jun 28, 1983.
Traders said that both silver and gold would be choppy ahead of
Wednesday's over-the-counter option expiration.
Meanwhile, gold continued to see price erosion from the UN-Iraq pact on
weapons inspections. "The Middle East situation is diffused and it doesn't
look like Clinton has major problems, so the funds are back to selling
short in gold," said Gero.
He said that Apr gold's drop through $297 Monday was "extremely
bearish." Gold has also been undermined by news that the Koreans are
exporting some of the gold they collected from citizens in an attempt to
raise foreign exchange.

Dakota tribal wisdom says that when you discover you are riding a dead horse, the best strategy is to dismount. However, in the government they often try other startegies with dead horses, including the following:
1. Buying a stronger whip.
2. Changing riders
3. Saying things like "This is the way we always have ridden this horse."
4. Appointing a committee to study the horse.
5. Arranging to visit other sites to see how they ride dead horses.
6. Increasing the standards to ride dead horses.
7. Appointing a tiger team to revive the dead horse.
8. Creating a training session to increase riding ability.
9. Pass legislation declaring that "This horse is not dead."
10.Blaming the horse's parents.
11.Harnessing several dead horses together for increased speed.
12.Declaring that "No horse is too dead to beat."
13.Providing additional funding to increase the horse's performance.
14.Do a study to see if contractors can ride it cheaper.
15.Declare the horse is "better, faster, cheaper" dead.
16.Form a quality circle to find uses for dead horses.
17.Revisit the performance requirements for horses.
18.Say this horse was procured from the low bidder.
19.Close the horse farm on which it was born.
20.Promote the horse to a supervisory position!!!

I posed a question earlier about Buffett's deliveries. My fear is that he may not still be waiting for 30 million ounces but his deliveries have been being filled through COMEX inflows. Am I correct that

inventory change = COMEX inflows minus COMEX outflows

COMEX reports inventory level, not daily flows.

Sure hope he's still waiting. Go silver...

Glenn:

This idea that gold and silver inventories at the Comex are both indicative of potential squeezes is not really true. While there is a lot more silver on a relative basis at Comex, once you move out into the real world the story is very, very, different. Silver has been steadily consumed over the last 5 - 10 years and world stockpiles of deliverable silver are extremely low. The same can not be said for gold. Any squeeze in gold could be met with easy deliveries unless some other big thing was going on causing a huge move into gold. In silver the situation is far different. Any one of several funds or perhaps hundreds of individuals could easily take out the Comex and there would be very little around to replace it. Unless of course the price went much, much, higher.

Total Comex inventories now stand at less than .7 Buffets.

February 24, 1998
Nike sees earnings hurt by Asia, U.S. inventory woes

LOS ANGELES ( Reuters ) - Nike Inc., the world's largest sports shoe maker, said Tuesday its earnings for the latest quarter would be lower than Wall Street expectations and that it was planning job cuts.

"This isn't just about job reductions, it's really about reorganizing the way we do our business," Lee Weinstein, director of corporate communications, said.

Weinstein said he could not estimate how many jobs would be cut. The company has just more than 19,000 employees worldwide, including 11,600 in the United States."At this point we don't know what the numbers will be,"
http://canoe2.canoe.ca/ReutersNews/NIKE.html

Brought to mind another American man ( sic ) of letters. Ren ( of Ren& Stimpy ) , when he said and I'm sure his reference was directed towards the DOW "you fat bloated idiot".

Don't you think it curious that more of these funds haven't followed Buffet?

Not only funds, but any of the major brokerages could easily buy 20 or 30 million ounces.

Many ask, "why does gold act in this way"? I say, "it is not the gold market of your past"! Tonight, I will have one bring you "the ways" of my thoughts. It be in a clear tongue for you.
For most of you, your time is very expensive, but still, I ask you to read this as "it may be worth your time"! I say this now in light of posts from JTF 13:14, ALLEN 13:00 AND SDR 12:10.
If not to transmit, then the next day. Tonight, if yes!

Hmmm, Karlito was here pushing Asian invenstment yesterday, but seems kinda quiet today...after AG's comments re Pacific storm clouds....what do it mean?

What's the rumble underfoot?? Is that the launcg vehicle firing for my company's next satellite launch? Oh..no it's silver...awakenign once again, prepping for an explosive upside move....yes!

Did you receive my e-mail? I have been having problems with my server. Off to twist some heads a suck the brains. Live Boiled Crawfish, Yesss! Now where did I put those beads?

Come on fess up man. Admit to the group you're taking them for a ride with this act, and that you're playing one of the most masterful practical jokes in the history of the forum. ( OK, THE most masterful... ) Your sides must ache with laughter after the feedback from your posts eh?

How many computers do you have? Hmmmmmmm

D.A., Glenn: Could either of you explain how *exactly* the squeeze takes place. From what I understand the shorts give notice to the longs if they want to deliver physical stuff. But what happens to the remaining contracts if the longs do not roll over - exactly??? Much thanks!

Never did read the fine print....

how explosive is "explosive"? $1, $2, $5 ??? :- )

It is of the time. Cycles prevail when the hydro carbon based materials link with the ethereal world of the precious Golden. Is it not better? does it not mean, the fleece of the cloud looks silver, but could the lining be Gold. Radiant with the lubricity ofthe motion of fluidness that only the oil based fuel of life is sought after, coming from the inner man of investment. Not as if he had the special knowledge, the greater understanding...all things will soon reveal, if it were not so, then you would know, but the bringers of doom sayings, have seen light that is not revealed to all.

I read the 08:49 post by SDRer. I found it extremely enlightening!
Coupled with the immense population of Muslims on the planet, I believe the "Jihad against Usury" copuld very well spell several things: among them the end of credit banking; the stock markets as we know them; a war begun by the West and our Israeli partners to protect the interests of the world Bankers and their clique of megalomaniacs.
Joined in by all of the beknighted occidentals to "preserve democracy" or "our way of life" or some such slogan!

The following was only one of many meaningful paragraphs in the work on 'Return Of The Kaliphate"!

Allah in the Qur'an has declared war on usury.
"O you who believe, give up what remains to you of usury, if you are indeed
believers. If not, take notice of war from Allah and His Messenger.. ( Qur'an
10:20 )
The kuffar have imposed their usurious system of Interest-debt and worthless
paper money on the whole world. The peoples of the world are enslaved by
unpayable debts, resulting in starvation, disease, moral degradation and political
impotence. Usury is the cornerstone of kufr, it is the source of their power. We
cannot submit to their tyranny. Join the war against usury. Fight in the way of
Allah.
I suggest we all bookmark the site and read it in its entirety!
See a picture of a GOLD DINAR too!

The only psuedonym I used was "Socks the cat" !!

Silverbaron:

Some certainly have although no one can say how much.

This market is not so much a market as it is a game. With options expirey in the OTC market due tomorrow, we are at the maximum point of gamesmanship. What the outcome of the game is no one can say. All one can do is place a bet, sit back and hope.

The whole thesis of our bet was that with declining inventories someone would make a play. This has happened. With inventories now substantially lower and the price not really reflecting the decline, it seems likely that another player or players will emerge to administer the coup de grace.

In following the commodities markets for many, many moons I have never seen a market that was 'almost' squeezed. It is highly unlikely that the silver market is going to become the first.

OLD GOLD, thank you for your frequent comments and analysis on this site. Your knowledge of the market is appreciated.

Realistic, thanks for posting the COMEX warehouse data. That information is hard to find.

But are ya sure that didn't happen in Cape Breton?---Would have responded earlier but spent the day in Sydney matchin wits ( duh ) with Revenue Canada and miracle of miracles----I WON!!! ( the IRS woulda eatin moi for lunch..eh )

Could the S.E. Asia flu be eraring its ugly head at a time when many analysts suggested that it was at the bottom??????

Could be trouble ahead for S.E. Asia tonight!

Very interesting concepts. Let her rip tonight. Thanx

Thank you. It will be most interesting to see what happens when the elligible stocks go to zero.

I have been patiently accumulating physical silver and silver mining stocks for perhaps 4 years, with many false starts, always knowing that the fundamentals would overcome the sellers sooner or later, and when the stocks were depleted to an amount small enough, then someone would step up and grab the brass ring. We are close.

Nearly missed this!

http://biz.yahoo.com/finance/980224/focus_silv_1.html

HI 'younger brother'!!!

This could be the first sign of a real breakdown in a market that does not have much strength! As Clinton stated S.E. Asia was experiencing a little bump in the road! Wake up paper lovers and take notice.....

I assume you are coming to Cape Breton ( party headquarters )

Looking forward to your post tonight ( hopefully ) . Keep them coming. Your point of view is different from those here. We appreciate the challenge to our 'normal' way of thinking. Part of the problem for some here is the degree of difference. Thank you for persisting in bringing your thoughts to us.

glenn: The numbers look very ominous for short sellers, but on the other hand this market looks like crap. If the CB' s are indeed manipulating, then they are doing a fine job.
I really expected 298. to hold and a rally to at least 315. by now but the market will have none of it.
As others have pointed out, there is plenty of physical to satisfy all the buyers out there so there is no apparent shortage.
The market is even more awash in paper Gold.
The Gold stocks are now approaching their lows of December ------ and that is traditionally the worst time of the year for Golds due to tax loss selling!
I think silver may easily slip back to 5.50 even with the buffet news -----
remember he bought a lot of it at 5.00 and under.
What looks like a short squeeze may be another false hope in the near term, in this horendous bear market in PM's.

CAPE BRETON.
WIND AND HEAVY RAINFALL WARNINGS CONTINUED.
TONIGHT..OVERCAST. ICE PELLETS OR FREEZING RAIN BEGINNING THIS
EVENING AND CHANGING TO RAIN NEAR MIDNIGHT. RAINFALL AMOUNTS 10 TO
15 MM. WINDS INCREASING THIS EVENING TO EASTERLY 60 GUSTING TO
90 KM/H WITH GUSTS TO 140 KM/H OVER THE HIGHLANDS FROM MARGAREE
HARBOUR TO BAY ST LAWRENCE. TEMPERATURES RISING OVERNIGHT TO PLUS 3.
WEDNESDAY..RAIN AT TIMES HEAVY GIVING 30 TO 40 MM TAPERING TO SHOWERS
DRIZZLE AND FOG BY EVENING. WINDS SOUTHEAST 60 GUSTING TO 90 KM/H
WITH GUSTS TO 140 KM/H OVER THE HIGHLANDS DIMINISHING TO
SOUTHEASTERLY 30 TO 40 KM/H TOWARDS EVENING. TEMPERATURES STEADY
NEAR PLUS 4.

Big brothe Ted,
Business lost ground for 85%!All the sectors nearly gone with th wind!
What is your good advises for the peg between us/rupiahs?
11/march for INDONESIA election,..its a long road...to go..troble a head!Few ministers been BUSY meeting each other!very often!

off,..take care!

A poor attempt on your part to imitate. And also a perfect example of the difficulty of maintaining a false voice. One thing we can say is that Another is extremely consistant in expression. There is some consistency here. At least its better than listeaning to Farfel's blasphemies.

Knock it off. You are offending me with your consistantly impious posts ( televangelist blasphemies ) . You have gotten your point across. Enough already. You are as subtle as a sledge hammer, bro. Find a new schtick, OK??? Thanks.

It's depressing to hear about the business environment in your area and I hope things improve.....I still think the Asian crisis will spread to our shores in North America,even though many here think we are immune to the problems that are now plaguing Asia...take care!!

One of the most fascinating aspects of the Asian market meltdown has been the realignment in respective weightings of various world markets. For example, in the Morgan Stanley Emerging Markets Index, three European markets--Russia, Turkey and Hungary--now account for as much as ALL OF ASIA! The Venezuelan market is now larger than Koreas.

And--are you ready for this--for the price of just two companies--Microsoft and Coca-Cola--you could buy ALL the stocks in every emerging market in Asia ( Thailand, Philippines, Indonesia, Korea, Singapore and Malaysia ) AND every gold stock in the world! In fact, take out Singapore and Malaysia, and could could pretty much buy the package for just one of the big U.S. companies!
Adrian Days Investment Analyst March 1998, p.4

I thought this too clever not to share {:- )

Brussels police department, how may I assist you?"

"Uh.. yes.. I just got hit in the face with a cream pie."

"Okay, sir. Have you called the Brussels police department before?"

"No"

"Well, let me get a little information about you for our records. Your
name?"

"Bill Gates"

"Country?"

"The USA"

"Native language?"

"English"

"Okay, sir. Your police department ID number is BP31415927. Please use
this number the next time you call. Now, you say you were hit in the face
with a pie?"

"Yes, I was just about to meet with the Belgian Prime Minister. One person
distracted me while another hit me with a cream pie."

"We've had other customers report that they were hit in the face with a
custard pie. Are you sure it was a cream pie?"

"Well, I have white stuff all over my face and I don't see any custard, so
I really don't think it was a custard pie."

"Have you visited the Prime Minister before?"

"Yes"

"Were you hit in the face with a pie then?"

"No"

"Hmm... have you visited any other Prime Ministers in the past month?"

"Yes"

"Any pies then?"

"No"

"Okay, well.. let's try something. Go outside the building and come in
again. I'll wait."

"Just a minute.." ( several minutes pass ) "Okay, I'm back."

"Did you get hit by another pie?"

"Of course not"

"Well sir, I don't know what could have caused the first pie, but it looks
like things are working fine now. I'll make a note of the problem, though.
If it happens again, please note the exact details of the situation and
call
us again. Thank you for calling the Brussels Police Department. click"

I look forward to your upcoming posts, Bart!

p.s. With all of your insight ANOTHER,,, what's your asset allocation in this market ?

The 13:00 post was pasted from an email sent to me by the staff at USAGold. So it is not something I wrote.

A few days ago one of your staff wrote about gold/oil backing of the US Dollar and how this developed. That seemed clear to me. It would seem logical that the US Dollar is now supported by oil interests rather than its own fiscal prudence or wisdom ( gold backed US$ ) . This, of course, means that the USA is in an extremely vulnerable position if the equation for world financial stability ( oil backing ) were to be distributed to other currencies ( gold? ) .

Ultimately we have to many dollars in the world. A revaluation of gold would certainly absorb many of those dollars. This would buy time. However it would not stop the USA from continuing to flood the world with paper. What would be the next step in this process?

Would you please convert .7 Buffetts into chickens for me. Thanks in advance.

And we already know the conversion from chickens into Dinar ( or is is Dirham? ) ...

to all you outdoor recreation dudes. I was watching outdoor channel and this fellow named Tom Massie was giving a lesson on panning for gold. He did a good job. He represents an out fit called GPA, gold prospectors association. They have land all over the country where you can go and learn or do prospecting. Keep all you find. I forgot the fee, but you can call 800 233 2207 and get the details. It looks like a fine outfit. I've got 40 years of panning and I've never seen a teacher like this. Happy hunting

Where the hell is Cape Breton? Is it close to Corpus Christi? That's 300 miles east of here. Temp. here today 80, sunshine. Gets kinda cold at night, though. Might drop down to 40. But we're up in the hill country. Old silver mine about 16 miles south of here, or so they say. Private property. Silver all played out, anyhow, I guess. Like to poke around sometime, but don't like getting shot at. Any mines around Cape Breton?
Just joshin.

Alexander Hamilton, James Madison, John Jay and I have sat and pondered your furious desire to speak with others. Hmmmmm. On this evening we address to all who would care to listen to more than just money, a thought, no more no less.

"Let the names of whig and tory be extinct; and let none other be heard among us, than those of a good citizen; an open and resolute friend; and a virtuous supporter of the RIGHTS of MANKIND, and of the FREE AND INDEPENDANT STATES OF AMERICA."

The quote is from a friend whose death post dated our writing of the Federalist Papers. We now raise a glass to him, his work and the spirit that is America - God Bless Thomas Paine - June 8, 1809, New York City when he left us for a different General Delivery.

Keep your gold and oil, keep it all and drown in it, and be buried by its weight.

We are America and we say LIVE FREE and understand TRUE VALUE, our REPUBLIC is our WEALTH.

Good Daylive free on our soil

Why is CAU trading so poorly? What am I missing about this situation. Good company fundamentals. Good property prospects and management is experienced and strong. Oh, and reserves are ( I think ) about 8-9 million ounces. Does anyone know the prospects of McDonald getting approved? The only negative thing I see is out of their control, The price of gold. And come to think of it they are well hedged. What idiot would want it at 7/8?

Donald:

I believe the equality would be something like:

.7 Buffets = 2.6e8 cluckers

with your average clucker weighing in at about 3kg.

does anyone know the going rate of a chicken??? i mean maybe a chicken cost 20 dollars? we could get gold and minus the refining and assay costs, make a considerable profit!!! anyone in for shippin chickens to the arab world???? ANOTHER: are ya with me?!

Per chance?

but you need an agent. We'll open in a headliner room at Vegas, OK...just to give you a feel for working a large room where you'll see actual people, rather than cyberspirits. You and the Mrs. plan an itinerary that pleases and we'll do it!
{It was the buffets into chickens that convinced me! )

A chickens-for-oil deal. I love it.

I noticed all the comments about WB's extra 30 million ozs of silver. I believe there has been large inflows from major refineries ( Engelhard, Johnson Matthey ) . Many bags of junks silver have moved to refineries over the last 4 months, and much of this silver is marketed through the bullion houses. There has been limited unloading of silver at the consumer level, mostly by people who bought it 10 years ago. 1-10-100 ounce bars are flowing in, and this time many are being melted, because they are selling at the wholesale level at a discount to spot. Anything selling less than $ 0.25 to spot is likely to be melted.

Yesterday, I was in one of the local coin stores I buy junk silver from in balk. A regular blue collar guy came in and bought a 10 oz Engelhard bar for $85.00. He said that his brother had told him it was a good investment. How many more are out there who believe.

You said: "We'll open in a headliner room at Vegas, OK"

How far is that from Goldsby? I couldn't find it on the map.

Have you ever turned the other side of the ping-pong table down? Unlike others here at Kitco I do mean it most disrespectfully.

Let's forego all the geopolitical information. All I want to know is:

1 ) How high will gold be priced?
2 ) When will it occur?
3 ) Will it happen quickly or over a long time span - months or years?
4 ) If quickly, will there be any warning signs?
5 ) What is the probability that any of this will happen?

What's wrong with you bro??---Tell moi yer pulling me leg mate..
Why Cape Breton is in the middle of NOWHERE on the calm ( but stormy ) North Atlantic....Worst ocean storm I was ever in was down yer way ( 45 miles off Sabine Pass ) on a damn oil-rig......had to get air-lifted off the damn thing ( via harness and a chopper ) ---now that's what I call FUN!

You nailed me. You must be in the area or know it well. I'm about 4 miles south of Leakey, out in the boonies. Silver Mine pass - do you know any history? When was the mine in operation? Any tailings or timbers left? Have been meaning to research it, but figured it would be a waste of time.

or do I have to ruf ya up? :- )

April Gold DOWN .20 @ 292.50

Gold just spiked up 20 cents, does anybody know whats going on ? Could this be the beginning of the big move we have been waiting for? I better have anothe prozac.

Odds on this?

RJ, how do you sleep at night? If your so educated
why don't you get a real job. How many wallets do
you break in a day and how many seniors do you
send to the poor house on your so called Atlas
account. Thats how you build your commissions and
leverage innocent people out of their savings. At
least a car salesman sends you home on a set of wheels.
You send people scrambling to save any money they might
have left and nothing left over to show for it. I know exactly
how you will defend yourself. Don't bother I'd rather not
hear about how it makes it right to empty peoples pockets
and end up with nothing to show. You have to be one
of the lowest forms of life there is.

RJ, how do you sleep at night? If your so educated
why don't you get a real job. How many wallets do
you break in a day and how many seniors do you
send to the poor house on your so called Atlas
account. Thats how you build your commissions and
leverage innocent people out of their savings. At
least a car salesman sends you home on a set of wheels.
You send people scrambling to save any money they might
have left and nothing left over to show for it. I know exactly
how you will defend yourself. Don't bother I'd rather not
hear about how it makes it right to empty peoples pockets
and end up with nothing to show. You have to be one
of the lowest forms of life there is.

I have a rough measure for a cubic mm of gold = .02 grams. I measured the coin best I could. It is 19 mm diameter. Has a bezel and can't remove. thickness appears to be less than a mm. Closest volume I can get is 160 cu mm. At .02 grams/cu mm this gives 3.15 grams. Should be 3.11 about for a 1/10 at 999.9 fine. all my measuring instruments are somewhere else at the moment. The .02/cu mm could be refined. How does this compare with the dimensions you have?

http://biz.yahoo.com/finance/980224/japan_jan__3.html

RJ, how do you sleep at night? If your so educated
why don't you get a real job. How many wallets do
you break in a day and how many seniors do you
send to the poor house on your so called Atlas
account. Thats how you build your commissions and
leverage innocent people out of their savings. At
least a car salesman sends you home on a set of wheels.
You send people scrambling to save any money they might
have left and nothing left over to show for it. I know exactly
how you will defend yourself. Don't bother I'd rather not
hear about how it makes it right to empty peoples pockets
and end up with nothing to show. You have to be one
of the lowest forms of life there is.

but was trying to get Hatt's attention. He missed my earlier question to him. ( I'm not a violent person........... ) The odds on the silver break? Anyone's guess. :- )

RJ, how do you sleep at night? If your so educated
why don't you get a real job. How many wallets do
you break in a day and how many seniors do you
send to the poor house on your so called Atlas
account. Thats how you build your commissions and
leverage innocent people out of their savings. At
least a car salesman sends you home on a set of wheels.
You send people scrambling to save any money they might
have left and nothing left over to show for it. I know exactly
how you will defend yourself. Don't bother I'd rather not
hear about how it makes it right to empty peoples pockets
and end up with nothing to show. You have to be one
of the lowest forms of life there is.

RJ, how do you sleep at night? If your so educated
why don't you get a real job. How many wallets do
you break in a day and how many seniors do you
send to the poor house on your so called Atlas
account. Thats how you build your commissions and
leverage innocent people out of their savings. At
least a car salesman sends you home on a set of wheels.
You send people scrambling to save any money they might
have left and nothing left over to show for it. I know exactly
how you will defend yourself. Don't bother I'd rather not
hear about how it makes it right to empty peoples pockets
and end up with nothing to show. You have to be one
of the lowest forms of life there is.

1 ) $30,000; 2 ) soon, can't tell for sure; 3 ) 30 days; 4 ) yes, dollar up, gold up, long term interest rates up, South America down, Europe down; 5 ) 90-100%. Now, since no one can know what the future holds-except GOD-I submit that whatever value Another has is the information regarding gold being in short supply relative to the outstanding IOU's which will come due in the next one to six months ( contracts and derivatives ) . Is gold short? That is the question. Anybody able to call UBS, Korea, China, Saudi, London and the CB's to get the answer? If so please come for dinner ASAP-I'd like to be friends. IMHO-I feel that gold is short. How, might I ask, would any of us know. It's pure guess. Tom

And in those days there was a fiendish plot done with the purpose of sowing doubt in order to separate ignorant and docile people from their money.

Ahhh yes, the Texas gulf coast can be exciting, esp. in Hurricane season. Actually it can be exciting year round. Used to live near Galveston. Had to board up and evacuate only once, though. We were lucky. Guess you had something to tell the grandkids about, huh?

If he really, truly, unequivabacly knew the answers to your questions, HE WOULD BE ALLAH!

RJ, how do you sleep at night? If your so educated
why don't you get a real job. How many wallets do
you break in a day and how many seniors do you
send to the poor house on your so called Atlas
account. Thats how you build your commissions and
leverage innocent people out of their savings. At
least a car salesman sends you home on a set of wheels.
You send people scrambling to save any money they might
have left and nothing left over to show for it. I know exactly
how you will defend yourself. Don't bother I'd rather not
hear about how it makes it right to empty peoples pockets
and end up with nothing to show. You have to be one
of the lowest forms of life there is.

We all know RJ gives tainted advice, whilst TBC
gives much better advice for free and practically
gets immured for it

( Explanatory note: TBC equals "The Big Cat",
as in "The Big Cat is back and not taking no
crap from nobody )

Once again, I make the correct call, both
time and place. Who ya gonna call?

Thanks a lot guys, for all the "Gold is going to rally tomorrow" posts!
After reading enough of these posts, I actually started believing it. Lost
everything I own,--Ain't got no butter, nor any bread to put it on!
Is their a site somewhere, for people like myself to go to, where we can
feel sorry for one another? So Long--Extra Rumpled.

Silver Dimes, that is ( preferably mercury dimes ) . Have noticed more lately that the markets are not irrationally exuberant, they are just plain crazy. Illogical. For example, Iraq tentative peace agreement results in gasoline up $.56, which I suspected it would. There is just no logic, no supply-demand rules, it is just a playground of and for fools. As this regresses, the situation will degrade to increasing unpredictability as the fundamentals are left further and further behind. This seems true not just in PM's, but all equities. Manipulation is perhaps one explanation, but I do not lend that much intelligence to the markets. Perhaps we can call it the "dumbing down" of the markets, but with much more severe consequences. Deflation, Disinflation, or how about just flatulation?

Al,

I think you have it right on CAU. The fact that the market willl only pay 7/8 for it today is no reflection on your analysis. Soon it will trade much higher.
I think the odds are good that MacDonald will get approved. It just takes time and we've known that for three years now. So far, several legal hurdles have been leapt.
In Montana, if anyone want to bring a lawsuit to stop MacDonald, they'll have to reimburse the state for tax revenues lost during the litigation period if they lose.
I think enough of Montana will want this mine that it will get permitted.

The Preacher

A toast to ya, gulp, and gulp, a further toast, I meant nothing by my comment other than humor.

will personally flood the gold market with physical...I have no choice. Buy More Gold ( Warren ) ! Eat More Beef ( Oprah ) ! Spill More Gasoline ( Gore ) !

T#1....Just what did ANOTHER say to work you up like this? Hell, there's plenty of good horse-raisin' land down by Goldsby, Ok. Mr. ANOTHER let's go work some bull calves...get to know each other....what'd ya' say, pard?

Vengence BEGETS vengence!

Just trying to bypass all the B.S. and get to ANOTHER's bottom line.....I haven't bought into this story.....

read some of your earlier posts. Who cranked you up tonight? haha!

Hmmmmmmm, saturation of grape leaves, a bad hat, dolma not prepared properly and a method of speaking/talking/conversing/imparting which to me is just plain old fashion BS.

I mean the boy has a right ( give the boy a chance to yap ) open his/her/it/pie hole but there is a limit to my desire to listen to what I can watch fall from the other end of a camel, or mongolian monkee.

That having been said, motive, ah yes, motive, from the others point of view makes me question the vagina which supposedly prefaced and then took credit for me, it always seems to boil down to loose credit, either its worth it or it ain't. And someone else wants more credit for something which I have understood to be an act of God.

Confused, nah!!!!!!!!!!!!!!!!!

http://www.arabicnews.com/ansub/Daily/Day/980224/1998022409.html

Hey Heavy SHitter!

"Perhaps you could add some proper grammar, syntax, spelling, and punctuation to your next post; then add a dash of even the vaguest original thought; wrap it with a bit more care than boxing up a sickly shrubbery and your words could graduate to somewhere barely beyond completely unintelligible"

Why post your inane comments so often? Do you really think that your words have somehow graduated to "somewhere barely beyond completely unintelligible"?

Maybe you did weed out a few of the grammatical errors but you still missed some. And you completely forgot to add the "dash of even the vaguest original thought".

Keep working on your act. ( trying to be positive ) But don't think you look any less stupid by posting the same crap five times. We just keep flushing it.

If anyone needs a contrary indicator, I just moved half my 403 ( b ) from Money Market to Gold Fund. Couldn't resist the severely oversold technical indicators and that we came to rest today right on the 50 day moving average. Go Gold !

silver or gold coin or demand certificates. But silver was soon replaced by fiat paper and in the following century more people died in war and as a consequence of war than at any previous time in history.

Sleepless in OKC. I scream for the last syllable of recorded time...let the grim man come now and harvest me....'tis better than this...ohmy unspoken yearning and these lost callings....vainly swept under a silent night. Where be thou? My oldest deaf friend....you must come closer to me now. Take me to this cold...and dark comfort!

Each and every individual that utilizes legal-tender from the Federal Reserve is a felon. Truth.

So few sinking in bankshi_t think they need a straw to breathe!

WAKE UP AND SMELL THE COFFEE BOYS!

What rock did you crawl out from under.
Piss Hole in LA. Ya I guess I pump too much
iron to worry about some pussy sh_t punctuation.
I leave that to the women and queers like you.
Damn homo, now move outa my way worm.

Another - you mentioned before that CB's were going to stop selling and lending gold. The selling doesn't bother me as much as the lending. Do you know for a fact that they have or plan to stop lending? ( Please answer yes or no or I don't know to this question. ) If they plan to stop lending, do you know when they will stop lending? ( please answer 1H98, 2H98, 1999 or I don't know ) thanks in advance.

What rock did you crawl out from under.
Piss Hole in LA. Ya I guess I pump too much
iron to worry about some pussy sh_t punctuation.
I leave that to the women and queers like you.
Damn homo, now move outa my way worm.

Thanks for reinforcing my thoughts about CAU. I'll just keep quiet as my wife continues to thrash me about its performance every other week.

Just cuz Im speaking soft tnight, does not mean THAT I DO NOT WANT TO SKIN AND STUFF CAMDESUSS.

MAKE NO MISTAKE ABOUT THAT.

soon to be on sale at $9.95 of gold a barrel with greenstamps.

bye!

What rock did you crawl out from under.
Piss Hole in LA. Ya I guess I pump too much
iron to worry about some pussy sh_t punctuation.
I leave that to the women and queers like you.
Damn homo, now move outa my way worm.

A Banker, a Broker and a Goldbug find
themselves arriving at the
pearly gates at the same
time. St. Peter greets them
and tells them that the
Gold Markets in Heaven are broken
and in need of regulation. He
asks them each for
Thier analysis so god may
choose an agent to fix same. The
Goldbug, tolerant1,
examines the
markets and announces an
estimate of 300 dollars. St.
Peter asks for an
explaination. He is told 100
dollars for investigation, 100
dollars for his analysis and 100
dollars for profit. The
Broker, RJ, examines the
markets and announces an
estimate of 900 dollars. St.
Peter asks again and is
told 300 dollars for
investigation, 300 dollars for
analysis and 300 dollars for
profit. The Banker,
Nathen Rothschild, takes a
look at the gates and
announces an estimate of
2300 dollars. St. Peter is
taken back and asks Nathen
why such an high price.
Nathen takes St. Peter aside
and whispers "one
thousand for me, one
thousand for you, and we
get the Goldgug, tolerant1, to fix the market for 300
dollars!".

Forgive me, but I am going to check once again.

Does any Lurker or Kitco poster have any information as to where to purchase 1992 to 1998 Dinars and what they cost at this time? Does anyone know anyone that might know anyone that could provide us with this information? If so would you be so kind to try to obtain this information for this board.

Thanks in advance.

All:

Just got off the phone with one of my buddies on the overnight trading desk. Besides the usual intrigue about who's doing what to whom in the silver market, the topic of Comex inventories came up. I asked him what the rest of the folks thought about the continued drawdown. He said that it was funny that I asked because I was the only one who cared.

I am baffled.

Was not ignoring your question, just having supper! My humble opinion is that silver will breakout to the upside and touch the $8.00 level within days. Should it break $8.00 say hello to $10.00. Just my humble opinion..

I know full and well of you....and so must have Rodin.

What rock did you crawl out from under.
Piss Hole in LA. Ya I guess I pump too much
iron to worry about some pussy sh_t punctuation.
I leave that to the women and queers like you.
Damn homo, now move outa my way worm.

What rock did you crawl out from under.
Piss Hole in LA. Ya I guess I pump too much
iron to worry about some pussy sh_t punctuation.
I leave that to the women and queers like you.
Damn homo, now move outa my way worm.

So you think the sand monarchs who walk each step on the families they have murdered, are going to win this thing which the wasp and poorly played croquet teams will not?

Just Curious like George, but I have a better hat!

Heavy Hitter...Why do you wish to portray yourself as a second class citizen?

Hello,
One of my favorite sayings comes from Another, this thing of life, it is a hard game we play, yes?. It does seem to cover all the emotions, I use it often.
But, this game of gold, it is not only hard, but will cost anyone dearly if they try it without all the facts! Do we have the facts, or is this really just a game? I think, for many investors, the precious metals have become a game of such, even a gamble that they never intended to take. Conservative persons, trying to protect a lifes savings entered
this arena with a clear direction, that of protecting their assets from uncertainty. Far too few made it to this end. They read the numerous gold books and newsletters from the last 20 years and came to a solid conviction that, I can make a fortune at this or at least a small killing!
The gold market is made up of a very broad spectrum of investors. At the very farthest ends of this spectrum lie the persons with the largest influence on the physical bullion. The super wealthy at one end and the third world no ones at the other. The middle is occupied, mostly, by the investors with western thought. The far ends buy bullion. And they dont buy it as a gamble or a game! It is a way of life that has worked, through thick and thin, even before the West was The West.
Now, on the other hand, this modern day middle of the spectrum! Well, they have read why we need gold, but they have never Experienced the need for gold! Until that day, when they gain Experience, most of them will make A Gamble That They Never Intended To Take. Yes, they do invest in all forms of paper and or leveraged gold and all the while, expounding from the roof tops the coming currency crashes and stock
market declines. Even looking for bank closures and bank runs, as they cling dearly to comex options and gold stocks!
Anyone, from the outside looking in can clearly see that westerners do lack experience. What does this have to do with the current market? Lets move on.

As Another has said, this market is like none before. That is so, very, true. There is a flaw in this modern market that many do not quite grasp. In time, they will! There have always been people and companies that make a living dealing in gold. It is an ages old business. Today, we see a phenomenon that is as none before. It is mostly done by the investors at the middle of the spectrum. The trading of gold has grown to a level never seen in history! You read every day, that no one wants or needs gold! In a way those statements are very correct! No investor wants to hold gold, but everyone and his brother ( and sister ) want to trade it! The volume of paper trading, worldwide, on and off market is beyond belief! It has created a type of Parallel Paper Gold Universe, existing side by side with the physical. The major flaw in this system is found in the makeup of the traders of this paper gold universe. Without fail, the majority is made up by those in the middle of the spectrum, those without loss of currency Experience . Mostly,
they are of western thought.
Without the experience of  the destruction of currency as a mental control, the paper gold universe will expand! I will not begin to list the types of paper gold available for trade, but from comex gold options to huge corporate derivatives, the overriding motive with gold is clear. I will trade gold, up or down and make currency on it!

Ladies and gentlemen, today, the paper gold market is larger than available, tradable physical gold, by a factor of three! This market will continue to expand until we reach a massive gold derivatives failure. This will come about as those, who had no wish to gamble, but traded paper gold anyway, make a mad rush to dump paper and buy gold. Very, very few of them will succeed! You see, the largest bulk of the tradable physical gold will never come back into the market, in terms of currency! It will return as a trade for another commodity! OIL!

What do we look for to see the coming end of this present overleveraged economic system? The complete and total destruction of the world gold trading system!
From Another:  the destruction of the present currency system will be preceded by the total unlinking of all gold for currency trading gold may find a price of $50US/oz or $50,000us/oz, but the truth will not be known as an open market  yet gold will find an increase of value of biblical proportions

Thank You

What rock did you crawl out from under.
Piss Hole in LA. Ya I guess I pump too much
iron to worry about some pussy sh_t punctuation.
I leave that to the women and queers like you.
Damn homo, now move outa my way worm.

A while back I asked for and someone posted a great site in which to get index option quotes for the Japan Index. I lost the dang URL. I would greatly appreciate a re-posting of the URL.

You my friend are wrathful, I say this, hold your position in silver and the other metals, sit and wait in the perch, what you seek is not a deer, but the fat short spec. The meat is no good, but oh so worth while, especially if you can nail a chart or e-wave to its heart.

Wait, have the patience of a clam.

Lay off the sauce~~~~~~~JIN:Not here yet!

Like a barber shop...............next........better have a token for the subway and we ain't talking sandwich.

I honestly believe that the best head you own sticks out of your zipper. I will give Bill and Monica your sanddress. Have a great dolma.

What's your problem with RJ and their business? He seems to know what he's talking about.

Thanks so much my friend!! I also am very skeptical of 'Western medicine'

I was just jiving the oil patch. The outcome still hangs in the balance between the beduoin and the traders. Venezuala will pump. But, what will the mullah do ? And is Saddam tame or biding a better hour ? And what is Netanyahu's desire ? So many possibilities.

What makes you a second class citizen.
Why because a hate queers like you.
You must be a first class queer about to
get his head handed to him.

BC is going down, Gold is going up, I feel that this will happen in the coming weeks

The shovel just got bigger.

What do you think of CAU long-term ??? I'm ready to move on it BIG TIME but need that extra p-u-s-h----------

HEAVY HITTER is ruining this forum.

The metal is worth what it was, has not changed. I have some blood in me from the desert. High in the hills, Khan, oh yes my friend, Afghan blood as well, hmmmmmmmmmmmm, America is the house of freedom and liberty, was not just a betrayed frenchman that called our shores home.

The monkee will forever crawl in the tree as will the mason patching a wall which will never be built. Never I say, mutts all of us that will deny that abomination of all that can be imagination in my mind and I do truly understand is that which you see as law.

I say to you my friend, listen to Bill Monroe play Last Days on Earth and join with me in being a Kentuckian, for there is no more disruptive American, save from the great Commonwealth of New York.

Yawn...

Sooner-or-later, gold will trade no more....
Sooner-or-later, we'll all be dead!

Of what practical value is this 'information'?

M. Camdessus is a pale weed trapped beneath an overturned bucket...existing but for a hapless, brief moment....unfulfilled by the great golden sun. This poorly being has not the god given sense or ability to stand in the light. He wilts as we speak...and he will never know the difference. Merely capable of talk within the dark of the inner walls of an empty bucket.

Intense Diplomacy in Wake of Iraqi Crisis

As the Iraqi crisis winds down, there is intense diplomatic activity
underway throughout the region. A high-level Iranian delegation is
continuing its visit to Saudi Arabia, while Turkish officials visit
Damascus and the Greek Foreign Minister has met with Egyptian President
Hosni Mubarak and other Egyptian officials. Each meeting has focused on
the state of the world after UN Secretary General Kofi Annan's compromise
permitted the United States to end its direct confrontation with Iraq. At
issue: the geopolitics of the Middle East.

The Iranian-Saudi talks took some strange twists during the past 24 hours.
At first, it was expected that former President Rasfanjani would remain for
ten days while Iran's oil minister would remain until Tuesday, carrying out
a pilgrimage to Mecca on Wednesday. Then it was reported that the oil
minister would be leaving a day early, and that a communique would be
released on Monday. No communique was released, but stories appeared in
Iranian newspapers on Tuesday, revealing that Saudi Arabia had attempted to
blackmail Iran at OPEC negotiations in November, 1997, by threatening to
take the lid off of its oil production unless the Iranians agreed to higher
quotas for Saudi Arabia. So it appeared that the talks had broken down in
a rather nasty way. Then it was revealed that the talks hadn't broken down
but were continuing, although it was not clear how long the talks would
last or who was participating on the Iranian side.

Now, all of this could have been merely a case of poor public relations
coordination. But it appears to us that the news reveals extremely
important and tense negotiations underway. Two issues have intersected.
Iran wants to reverse the results of the Iran-Iraq War, recover lost
territory, and become the preeminent power in the Persian Gulf. The Saudis
are less than enthusiastic about the prospect, to say the least, but badly
want Iranian cooperation in attempts to stabilize global oil prices. The
Iranians have mixed feelings on this, since there are geopolitical
advantages to them in having the Gulf States economically weakened. So
each wants something from the other and the United States is no longer a
factor in their consideration.

Underlying this is a geopolitical nightmare for Saudi Arabia. The Middle
East is now divided between a Turkish-Israeli bloc and a Greek-Syrian-Iraqi
bloc. Immediately after Annan's agreement was announced, the Turkish
foreign minister went to Damascus, clearly trying to leverage Syria out of
the alliance--an unlikely prospect. Then the Greek foreign minister
traveled to Cairo on a more plausible mission--recruiting Egypt into the
alliance. Greece would welcome Egyptian support on the Cyprus issue. More
important, Egypt could increase the military vulnerability of Israel,
thereby increasing Turkey's isolation. Egypt, furious with Israel,
irritated at the United States, and vulnerable to Islamic fundamentalists,
might see such a relationship as potentially attractive.

This would be disastrous for the Saudis, who would then be exposed to
internal unrest due to economic stress and religious and tribal dissent,
and to external pressure from an emboldened Iraq. Since no one can be sure
how Egyptian policy will evolve in the coming months, the Saudis are
confronted with some extremely unpalatable choices, one of which involves
cutting a deal with the Iranians.

A number of things are clear. First, the regional credibility of the
United States is at an all-time low. No one really even knows what the
U.S. wants or what they might want the U.S. to do. With the U.S. no longer
containing conflicts in the region, we expect the Greco-Turkish
confrontation over Cyprus to intensify and even spread. This is a good
time for the Greeks to press their case against Turkey, with Turkey's main
patron unlikely to flex its muscles again very soon. We expect the
Iranians to have enough leverage with the Saudis to emerge with some sort
of deal involving strategic cooperation and parallel policies on oil
prices.

Oddly, the Iranians are among the big winners in this crisis. They have
become the wild card in the region, courted by everyone, owned by no one.
Iran is now busily spinning its own web, trying to replace the United
States as Saudi Arabia's guarantor. Washington, having conspired with
Tehran, is now discovering the price of failed conspiracy. It has
emboldened and enabled Iran. Now that the United States has managed to
simultaneously baffle and terrify everyone in the region, the Iranians have
become the thoughtful and moderate alternative. That is an incredible
achievement on the part of the United States and will be a legacy
dominating the region in the coming months.

Make sure the staves are tight, a poorly taughted bucket is the breeding ground for French Socialism, and I am sure, that sh_t won't walk or fly in the great state of OK.

Thank you Another. Perhaps he means the complete collapse of the fiat system. All paper becomes worthless. Gold started out as the main store of value. Paper currencies came to represent Gold, then lost that and now Gold has become a means to make more paper money. Talk about putting the cart before the horse! If what he states comes to pass, it won't be pretty. I may be completely wrong in my interpretation of what he's saying but he does make you think!

Just delivered

Pardon me, just saw your post. CAU is a solid "bet" many think it is. I for one would say, METLF, IPJ, AZC. Top pick there is a toss up, METLF and IPJ, Although AZC is not a lady I would leave standing alone, who knew?

For my money, FSR, CFB and my personal favorite TNX, I have 60,000 shares after cleaning out the couch on a regular basis.

Life is but a dream.

Looks like things are not improving here, eh Bart. I respectfully suggest you consider some kind of subscription as I posted recently in my "open letter".

Denigrate others=bolster own low self esteem. Tom

AG's testalying before Congress, "we're looking at Inflationary pressure"
"on the other hand we're looking at Deflationary pressure from Asia"
US Bonds were down almost a full point today, I would look for the US$
to start to show some weakness here....The White House, Govenors,
Bankers, etc are all publicly "begging" for this IMF funding, the votes
must be very close indeed, ...I don't believe the markets have
taken a NO IMF funds into account...Look Out Below....As I suggested
in my last post, Gold would have faired much better with a US attack,
but even with this Iraq "deal" the US has been exposed as weak
diplomatically in the Region ( Oil ) and the World ( US$ ) ......
News from the ME, as I also suggested, Iran and Saudi will
now work together to halt the Price of Oil decline and are
threatening to "get tough" with OPEC cheaters....Also heard that
King Fahad is very ill, is being "propped up" in chairs etc in
public, can't be much longer before Crown Prince Abdullah ( hates US )
is King, then watch Oil and Gold GO!....

http://www.cnn.com/WORLD/meast/9802/24/RB001576.reut.html

stay tuned.....

Their culture is one where stealing, lying, cheating and killing is viewed as honorable!!!!!!!!! Not to be a redneck, but I am, these lying bast#@## will have to be dealt with sooner or later!

I have voiced my opnions on Another more than once. I am very wary of his posts because I see so many irregularities in his writing style. I have posed questions several times, always with no answer.

Another, I ask you now, are you involved with any type of trading in precious metals? Will you profit in any way from your advice? Please answer YES or NO. I ask you this because there are those, WHO ARE ATTEMPTING TO PROFIT FROM YOUR COMMENTS.

Now for ALL, how many on this forum actually buy PHYSICAL? Are you only PAPER TIGERS? If the people on this forum only buy paper, what do you think is in the mind of the common man? PHYSICAL MOVES MARKETS, NOT PAPER.

Is this global intelligence report wriiten by you? Thank you.

There never was a paper made that would not burn or go to ruin. Yes, friends, the tsunami at sea barely ripples the water. When you think about it gold trading may be older than the world's oldest profession. It is quite inevitable that a game should come to an end when the tiddlywinks are perpetually removed from the table to pockets while the many tiddlywinkers perpetually increase and the few tiddlywink makers perpetually decline.

ANOTHER

I feel I can envisage your thoughts, this coming change.

You seem well studied and knowledgeable about what you foresee coming.

Tell me, have you thought about the implications of these events on other matters?

How will paper and credit react and the peoples and countries who control / own these things.

What effects do you see rolling on from this change?

Could you please enlighten me to other possible side effects.

For the world will not stand idly watching, that of which you speak.

ANOTHER==Bart

He has the makings of genius with this and he deserves the kudos. I applaud his talents AND his excellent site.

A man with one eye should not pick on the blind.

Some Replies:
I will answer as seen, as time is short.
Neophyte, Lending slowed the end of last year. Some sales still ongoing. CBs wanted gold to stop in the low $300s as that priced $12 to $15 oil. The paper market is now out of control. The BIS will step in at below $280. They have currency as trees in the forest without limit. But, the gulf problem may change things. This is ongoing?

Silverbaron , you know what to do. Physical gold will serve all, very well.


WetGold, each person must sail their own ship. My allocation, is not your allocation, plan as your thoughts will allow.

A moment of silence for a great comedian, Henny Youngman. In other news, less than 40 days until Big Bang in Japan, appropriately, on April Fool's Day. ANOTHER news item, Blue and GOLD Indiana Pacers to play the eeevil Lakers tomorrow. Go NBA Coach of the Year Larry Bird! Go Gold!

ANOTHER==Bart or someone close to him and knows the strategy. This I've posted several times prior.

I asked for your asset allocation because I am not as enlightened as you seem. Please inform us as to your allocation model.

Nowadays, even a glimpse of a t-wink is quite rare.

sharefin, inflation is a loss of confidence in the currency.

Do yourself a favour son, call up your doctor, ask him for a couple of
day's supply of Ativan. Take 2mg, and go to bed. Tomorrow take
what's left of your money, and put it into TBills. Your not ready to play
the markets yet!!

You have been robbed. BEER, men that drink beer, will think beer. Aside from the cerebral Bill Buckler in Australia, When I suggest he arrive in America, I think he should not talk to the puss that play football, but rather lacrosse or that other puss sport, rugby.

Politic and finance are for fat olds, lets play a game. Aussie against the children of the plains, aye, podge, let us test resolve. Hmmmmmmmmmmm

StudioR
No, I don't write those Stratfor.com articles.
They are sent to my email box automatically.
You to can get them emailed to yourself.
I would guess that there are a few others on this forum,
Who are also on their mailing list.

Bart asked me to stop advertising their URL, so I have.
I don't necessarily agree with their comments,
But feel that they may contain pertinent information,
That could influence the price of gold.

Tom, rightfully so. Now I don't
want to have to tell you twice.
Gather your things and get your
sorry ass out of my way punk.
Now move it fag. Prissy puppy
face homo.

Wetgold,

I think you will do very well with CAU. Almost all of the gold stocks that trade on AMEX have been beaten half to death. Many with good reason. Sentiment will change with a higher gold price and CAU should be a star performer.
Can you not also walk in the footsteps of giants?

The Preacher

Is WB one of the chosen ? What nation ( s ) will become 1st world from the 3rd ? What nation ( s ) will become 3rd world from 1st ?

I finally believe that there is a bad blow job.

I feel I can envisage your agent, and also your caliphate,
the Soufi mystic, the Sirajoul/Mujibur.

There is no bod but bod, and check out the bod on the
cover of SI this week. Please to liberally
douse yourself with oil and test its flammable or
inflammable properties, the decision to be left up
amongst you and us to divide the remains.

Also, please page JTF. He's late again with
the canned ham.

Date: Tue Feb 24 1998 22:28
Isure ( @ Another & All ) ID#368244:

My gold is for my family and country and my thoughts, are as free like the wind.

Thanx for the p-u-s-h------,,, I now have an open order for 20,000 shares.

Where is your "country" ?

Shall I do more ????

ANOTHER is not God. His opinions or guesses are no better than yours. Wars have been fought over oil before and probably will again. The West is not going to rollover and play dead because of oil. As I've said before, and will again and again, the West WILL NOT, I say again, WILL not let gold or oil disrupt thier system without a disasterous WORLD WAR. I do'nt believe the East is yet ready to take them on until they consolidate thier power, which IMHO is still a few years from now.

Until that time, we will continue on the in the same rut we're presently mired in.IMHO.

I find it hard to believe that anyone reading this forum would actually invest money based on what anyone has ever recommended here. Everyone who gives advice here is usually right and then wrong or vice versa, and right about half the time.

C:TNX has no volume and little delta compared with CAU. Also, BICO ws down 20% from coupla' days ago,,, know about it ?

http://biz.yahoo.com/finance/980224/japan_says_1.html

You are as you act! Tom

ANOTHER, or Speaker for ANOTHER: I wish to add my concerns to that of sharefin. You know there are many on this site who are concerned about the future of 'fiat' currencies. We know from history what is likely to enfold for all 'fiat' currencies - in time. The SEAsian crisis for example, does not necessarily lead into a World crisis this year or even the next. Perhaps the year 2000 bug will be the trigger.
What I would like to know is I think what we all would like to know -- namely what you predict will happen. For example, in all crises I have reviewed in the past, there was solid evidence of a crisis -- the US dollar in 1987, the British pound stering in 1932 ( approx ) , etc. Can you tell us anything? Will you tell us that some key CB's have been using 'paper scrip' to represent their gold in the gold loan markets, but there is no gold in the bank in question? Whatever your concern is must be a serious matter indeed if you think 2/3 of the bullion price is 'paper' and only 1/3 physical gold -- but the world renowned gold expert Frank Veneroso thinks only 1/4 of the spot bullion price is due to 'paper'. Where is F. Veneroso's mistake?
We are very interested in what you have to say -- but we need more than the dire warnings you have always given us. Surely you realize that few of us are wealthy enough to put most of our assets in gold bullion. Many of us are trying to make money so that our assets will be of value in permitting a recovery from a financial crisis yet to come.

I used to think the same thing, until TBC came
on the forum and gave exact dates and numbers.

He was wrong once, to my knowledge, a tad
early on Dow 8300 but no one who followed
his advice to hold on suffered as a result of this.

Oh my! ( learned that from EB - queer fellow but got some cluse..I have learnt to ignore all the gold bugs and laugh at the tech charts. Finally started to turn around with SP Calls and a quick short on silver. HA HA might finally get my daughter off to college after all.


I will not diss the advertisers, I will not diss the advertisers
I will not diss the advertisers, I will not diss the advertisers. Hard job being a God, aint it Bart but someone's got to do it. "Kitco exercises no editorial control" I will not diss the advertisers,I will not diss the advertisers,

well hell.....drop into sunny california and damned near get
sucked into a tornadic event...was expecting a temblor...
soon.....what the hell happened to grains and bonds???
realistic reactions to realistic trends recognized by
an occasional home run hitter......time to buy some
more gold options...fire sale going-on....just about
time to hit the gold one over the fence......

conductor let your whistle blow....eagles.....
wooooo..wooooooooo.woooooooooo grain-train heading south....
cherokee!;...excercising-options-on-options....

@Tolerant1 Beer with food is good.
Young men think bones are never broken and they themselves will last forever. But some things I have seen and still remember.

I have been robbed. You have been robbed. But, there are so many thieves. So much night to hide them. And Felons R Us. Keep your goods close.

@StudioR And after twenty years Rip Van WINKle awoke and found the world had changed while he slept.

Probably an office janitor, with access to a PC, laughing his
f--king head off!!!

Ouro, RJ makes it legitimate to make a
lot of money on the backs of innocent
people leveraging P.M.'s in the Monex Atlas
program. He is a con and one of the lowest
of the lowest that dwells on this planet. He's
doesn't come out and play right now because he
knows whats good for him.

Greenspan lied today because if he told the truth nobody would understand anyway. Asia is in a depression. Japan, dead meat, however they are the worlds largest creditor.

Europe, pigs would not put up with the financial stye, is that how you spell that in Australia?!, Africa is the continent forgotten and if the world had a soul it would speak of and more properly address the problems there.

The Middle East is a cauldron of hope, fear and stupidity, God, or at the very least their God wreaks havoc on the living. The chosen eat well and the people suffer. The Jew lives alone supposedly, not, screw the bible, we have the latest technology to kill everybody, we have no UN hats, whats changed? I think nothing, how true, back in Asia, off shore,

Whats next folks. The Japanese dump their US debt paper, South America being the fine Juntas ( spelling ) they are go up in smoke following their idiot bastard chiefs to the north.

Central America, and so, yeah what a power, and Blanchard and Davidson want to sell condos in New Zealand, I love people of conviction, at least a rattle snake has the decency to strike once.

So all the worlds pundits speak, currency, not as in grapes, but rather the pieces of paper that men and women hand to each other which mean nothing more than their words end up being meaningless.

America is everything, everything, if you think not, remember how much you hate us for what you do not have and what most here will never understand.

By the way I loved Breaker Morant, great flick.

That's right ! Ain't no packer like
you swollen lips.

All: I think we need input from Mike Sheller to determine why the Kitco cycle is reaching the depths again. Is it fear? Is it frustration? IS it the pending solar eclipse? I don't know -- but it is fascinating to observe the cycles.
Bill Buckler -- I concur. Sanity must return to Kitco, or this site is of no value to anyone. This morning we had useful discourse on silver. But not anymore.

ANOTHER should be treated as if he/she is the same entity on this forum. If ANOTHER chooses to allow the account to be used by multiple folks than that's ANOTHER's problem. If any of us were to allow "the many" post to the forum we would "be all over 'em" and point them out ( ex: HepCat, LGB0, LGB1, et al ) . Treat ANOTHER as a source of information and not one of multiple personalities ( although this may be true ) . Just MHO...

p.s. How many of us would allow their employees/employers the ability to log-into their accounts .... ( as tolerant1 would say ) ,,,,,,,hmmmmmmmmmmmm

"Breaker Morant" == fantastic history and drama all-in-one...

...renounce your worship of the false prophet ANOTHER...repent for your sins..and pray forgiveness from the Lord...

With luck, all is not lost for you, idolater...

Just believe...believe in the Great Holy Dow and the Immaculate Nasdaq!!

Holy, holy, holy....

Watch the miracles of the surging Holy Dow...rising higher and higher...IT WILL NEVER FALL!!

DO YOU HEAR ME???

IT WILL NEVER FALL!!!!!!!

Cooomalakacoomalakabubbagummadooba.

It is really gratifying to see so much talk and discussion in this group about comex inventories and in particular the difference between eligible and registered stocks. For such a long time I was a voice in the wilderness, beating a drum alone. Now others have taken up the drum beat. Others will join them. Then others again. I have another drum to beat. ardengold@msn.com

You are intelligent. Please tell me what transpired this morning regarding silver that you found to be efficacious.

Start the beat because I'm ready to dance .....

Could not agree with you more brother, the countries we live in are great . FREE thoughts, FREE SPEECH, can't do that everywhere you know?

what's the cue for your housecleaning chores ???

Will you diss the advertisers?

someone who's been looking forward and doing His plan,
lot of people got no plan and they don't try to see far
enough down the road,in fact they get there face so into
the NOW they start going nuts. aug,320's 300 today
june 310's 270
load'em up

someone who's been looking forward and doing His plan,
lot of people got no plan and they don't try to see far
enough down the road,in fact they get there face so into
the NOW they start going nuts. aug,320's 300 today
june 310's 270
load'em up

This site can feel like being in the land of Oz lately.

WetGold - I did start the beat. My other beat is only by private email.

One swing and I could destroy you
worm. Get off my network.

Pete
I do not think for one minute that ANOTHER is God.
He is no different than any of us here.
He obviously has a vision-story to tell
Just like the rest of us.

What I find interesting is the path that his vision travels down.
I am interested in what *else* ANOTHER sees coming.

All of us look to the future but few have a clue what lies ahead.
Many here on this forum get caught out 100% at times,
Trying to predict what will happen next week.

I am prepared to listen, learn and read from all on this forum.
And after that I will throw out the garbage.
And keep that to which I prescribe some truth to.

There is always an essence of truth,
In someone else's story,
From which I can learn.

Yes, where is Mike when you need him! Only joking Mike.

Sometimes this group is like a bunch of caged hungry dogs - we all know what we want, when we don't get it instantly, we take it out on each other! Snarling, growling, biting and sometimes just vicious. When we get a little meat, we all wag our tail and jump up and down until the meat is digested and we become hungry again. Arf. Arf.

Sounds like all the grumblers will have their pc's repoed
and we will still be watching gold go up go gold

I can recommend a grammar book if your interested in reading a book. Your Freind. Tom

For we Excavate tonight....scrape away the lush and humus...cut to the bedstone. Purge and prepare for...

We will build here on another day when the right material has been delivered.

The phenonmenon that ANOTHER talks about is not unique to gold. Look at the current M3 growth vs actual PPI data. There is a general decoupling between the financial and physical worlds. US M3 does not even scratch the surface when you consider the unregulated Eurodollar market or the even wilder derivatives scene.

The question is whether "anyone cares". The only time there will be "problems" is where the financial pollyana world impacts the physical world. Curiously, one place this is happening most dramatically is in the world of gold where paper is used to destroy the price of the physical.

Another way of looking at this is that the US dollar is being driven balistic by the financial hyperinflation that is happening and is starting to blow apart the "American Economic Empire". "Noone" can afford to buy assets priced in US dollars outside of the US.

Theorectially this phenonmena could go on for years except for the singular fact that the lifeblood of the current economy - oil - is priced in those increasingly very expensive dollars. So all of a sudden you start to see talk of the Euro, the Yen or Singapore dollar based asian currency block and, of course, the gold dinar.

Curiously the price of gold bullion is probably irrelevant to the process that is unfolding here. What IS relevant is that it is a universally accepted financial asset without a "political history" ( like the Yen would be to those ex members of the Japanese empire of the 30's ) . The world has to find an alternative to the US dollar as it spins out of control in its own pollyanna world.

of us are serious about the ponzi games being played in order to cover up the meltdown on the horizon. I recently met with an 85 year old gentleman who has a net worth in excess of forty million dollars. I asked this gentleman for some investment advice and this is what he told me. "A WEALTHY MAN IN THE YEAR TWO THOUSAND WILL BE A MAN WITH NO DEBT." He went on to explain that his father spent his life waiting for the next depression and died without ever seeing it. Although he does not feel he will see the next one he is of the opinion that it is near. In his parting words to me he stated; " BY THE WAY SON DONOT BE AFRAID TO STOCKPILE SOME GOLD IN CASE I AM WRONG." I have since learned that this wise old man has tucked away $10,000,000 in gold bullion, gold stocks and gold funds and it is his holdings in gold that allows him to sleep at night. You see when you are worth millions the fear of loss is much greater than when you are worth $100,000.00! There is much wisdom in his words! By the way, he made his money in real estate.

ANOTHER knock out game.
http://www.canoe.ca/SlamCurling/home.html

WELL SAID!!!

The peak in the silver market and the apparent turnaround in the Asian markets followed shortly after the government's confiscation of the entire chicken supply in Hong Kong. Could this be coincidence?

...Renounce your faith in the filthy slime of Oil and the futile hopes of Gold and Silver.

There are soothing words you must say to yourself in the quiet dark of night....they will bring you rapture...

DISNEY, IBM, GILLETTE, COKE, HEINZ, MICROSOFT, INTEL...

Say them with deep feeling and meaning...and believe!

BELIEVE IN THE HOLY DOW AND THE IMMACULATE NASDAQ!!!

ABANDON ALL YOUR GOLD AND SILVER BEFORE IT IS TOO LATE!!

Anything coming from you must have
HIV all over it. Now be a good little
fag and find your self a sausage.

arden: I think you are right -- frustrated hungry dogs looking for food ( gold ) . What this site needs is a little humor to let off steam, so that the participants can stop gnawing on each other when profits in their favorite topic are not available.

What I find amusing is that we are all seeing the end of the gold bear, and comex gold and silver stocks are doing what they have not done in nearly twenty years, but this is not enough!

Otherwise try a Disney Chatline or if you are over 19 try an Adult one!!!

"I've had sex with Bill Clinton every Christmas for 30 years,
ever since we were in our early 20s in Arkansas. It's my
annual Christmas present to him!"

That's what presidential assistant Marsha Scott told her boyfriend
Danny Dwyer about her longtime fling with Clinton.

Marsha and Danny, both 50, shared a house in Santa Cruz, Calif.,
from 1987 to 1992, and "every Christmas she went to visit
Governor Clinton in Arkansas," Dwyer told The ENQUIRER.

Chew on that for awhile and run not walk
to Farfel the holy Dow.

I am increasingly stunned by the shear stridency we see on the part of our "diplomats". I suppose it is due to our singular position as a superpower but a little humility could go a long way. What would it hurt to be a humble giant.

I am talking about their statements that we will go into Iraq regardless of China, Russia, and France. Regardless of most other "allies" non-support. Are we going to enforce UN resolutions based on our national interests?

Now I am watching the dynamic duo pitch to congress the widening of NATO. They appear maniacal in their arguement. Why do they want this so bad? Why forge new alliances for mutual protection when most current NATO members would not support our recent Iraq adventure? Makes me think the trilateral, Bildeberg, CFR arguements may have more reality than I gave them credit for.

There is definately a disconnect between the stated reasons for Iraq intervention and Nato enlargement and the current geopolitical situation. We are being fed insecurity where the world seems relatively secure. Why?

...is that not intelligent enough for you?

Is that not the brilliant road to Happiness and Success?

Is that not the proven path of the Sages and Prophets of our time?

all: I am impressed ANOTHER would even bother posting to us when we are behaving this badly. Instead of ridiculing his posts, you should think about what you know already. ANOTHER is not that much different from the rest of us -- there is as much value in his posts as in many of ours -- and tonight he is showing much more evidence of civilized behavior.

I will repeat what I and many others have said. Nothing we read on Kitco should be taken literally without cross correlation with other sources of information.

sharefin: Missive heading your way by a more sane route.

JTF
If this is the work of the eclipse, imagine the mania of the pack after the event.

Wetgold
To amusing for the housework today.

~~~~~~~~~~~~~~~~~~~~~~~~~~
FULL TEXT-Greenspan's House Humphrey-Hawkins testimony
http://biz.yahoo.com/finance/980224/text_green_1.html

JTF - yes at this stage in the cycle the only ones who are left are the true believers, and their belief is questioned because of an eradict and imperfect bottom in prices, coupled with their early entrance trying to predict it so that everyone has is on 'edge'. Sometimes, the problem is seeing the opportunity but picking the wrong vehical! Choose one with a great chance to succeed and little chance to fail. ardengold@msn.com

damnit its true the chicken is going to be the new ME currency i knew it, soon we will trade chickens for oil and gold! yes, my uncle already has bout 30 - 40 chickens, this is great. soon 1 chicken will = 1 OZ of gold.

it is easy for one to speak of "no debt" with his wealth. I am certain that with his multiple real estat holding he had plenty of debt so that he could leverage on the rising prices of real estate. I know from personal experience. He now sits atop a fortune and provides us with insight while for many hears he utilized the paper world. I'm curious as to how much of his portfolio was invested in PMs in 1980.

I certainly appreciate the advice BUT I also talked with many people of wealth and they are quick to offer advice that they themselves were not willing to undertake. ( like a broker recommending a security that they don't have in their portfolio..... hmmmmmmm )

BTW: the days of real estate millionaires will not be in our lifetimes.

Gold has to hurry to make $320 by end of Feb., but I beome a Silver buyer below $6.20. Let's get the show on the road!

Most Goldbugs may have already gone insane. If there's any truth to this, I suspect a breakout in POG quite shortly. I agree with Arden, where's Mike?

Amazing Grace, how sweet Thou are...
That saved a wretch like me....
I once was lost but now I'm found
Was blind but now I can see...

Well I once believed the Dow would fall..
I once believed there would be...
A Day of Reckoning in the U.S. dollar...
A financial catastrophe

For years I've believed in gold and silver...
Shunned paper made from a tree
I always felt precious metals would climb
And make me rich as a king..

And now I know deep in my heart
PM's aren't what they're cracked up to be
You can make so much more in the Standard & Poor
So I've gone long on the Dow, you see.

Amazing Grace, how sweet thou are
That saved a wretch like me
I once was lost but now I'm found
Was blind but now I can see.

The old man sounds smart to me. Cheers.....

The Hatt: Appreciate your post. I agree -- those who have already made their fortune are the ones least likely to risk it -- hence the large purchases of gold bullion insurance. Those who have little money have much less to risk - and need less insurance.
And if we are right that all the world's financial systems will not go up in flames in an instant -- risking assets in gold stocks don't seem all that risky to me. That 3x multiplier over gold bullion prices is tempting indeed.

I to have lived through times when leveraging made sense however from a basic lifestyle perspective would it not make sense to be DEBT-FREE! Futhermore can you honestly say that you have at any point in your adult life been at the point where no-one could ever say to you "YOU OWE ME". Am not trying to argue this point as i have not reached that point yet but I can tell you that the closer I get the better I sleep! The idea that Americans are using their credit cards to invest, tells me the time is near when more people will wish that they had not been so foolish. Greenspan actually eluded to it today in his speech! He stated that in 12 to 18 months many would look back and regret having risked their capital in the markets!