Sorry NICK, but that moongold concept has already been copyrighted by yours truly! See ya' in court mate! : ) By the way the Lihir ADR here in US is the equivalent of 20 Aussie Lihir shares. Keep me update will ya'!

Nick: "Next thing you know they"ll find gold in some of those rocks"

And guess what, they will tell us that estimated production costs are $42/oz !!

I agree with your take and also D.A.'s You suggest that our present economic position in Canada & USofA could have a bad result " this is depression -- unless the effects are temporary." I would like to expect that this is temporary, yet, I doubt it. The last depression only had 25% unemployment, and those working, were happy as hell, to accept reduced pay, and longer hours of work. Such exists now! ( organized labour represents approximately 8% of the non-government work force - 16% with )

You also suggest "that day will not be plesent for us" regarding "low-cost factories start up again" I submit that is exactly what the plan is. Starve the Canadian & USofA workers out, cause strikes and crush the efforts of the FREE workers, and organized workers will be happy as hell to just have a job, any job, at whatever the rate of pay is offered.

The Union Leadership are policemen, and will sell the workers out, we have TRADE UNION CAPITALISM in Canada and USofA. Yes, these progressive trade union leaders ( won the fight against the commie/pinko type leaders ) will crash the union,no members,no dues,no union. These leaders will work for investment bankers, as the representatives of the existing pension plans. All will be happy, ( jobs,jobs,jobs.@ much lower pay = Globalization )
Be Quiet....Consume....and Die.
Take Care

Anyone still wading into the Dow needs their head read! Just one mans opinion.......

Please allow me to deconstruct your remarks for just a minute. Your unsubstantiated assumtion equating praise for one ethnic, religious or cultural group with actionable derrogation of other groups is only valid within the narrow confines of socialist dielectic and an outmoded belief in social utilitarianism, i.e. the 'zero sum game'. Such dielectics are one system of consensual or subjective reality but not neccessarily general or objective reality.

( 'Zero sum games', for instance, while being present in very limited areas such as the floors of commodities options markets or the inner sanctums of the US Democratic National Committee, do not exist except as limited consensual realities. )

Although consensual realities ( such as your equation of praise=derogation ) are generalizations they are not objectively applicable outside the actual membership of said collective entities. In other words those who are not party to the collective are not involved in the consensus, which is entirely subjective.

( Perhaps by illustration, selling short in a rising market does not affect anyone except the players in said market. Those of us who merely buy and hold actual stocks or physical are not directly affected by the gyrations, however real and agonizing they may be to the shorts involved in the game. To us they are merely imaginary wiggles in the line of prices. Nor do the actions of one Democrat, Starr, against another, Clinton affect the world outside the beltway. )

There is one general exception to this rule, which you have already mentioned. Outside parties may be influenced by the process of warfare, whereby members of the collective attempt establish their ideology. Thus, of course, you may trump up charges against whomsoever you wish for whatever thought crimes you can imagine. However one would be wise to be warned that Lockean natural law will prevail in such circumstances if for no other reason than the Darwinean imperative. If you make war on others they then have the natural right to make war back.

All IMHO of course, merely the babblings of an idiot.

Nick@C: You may have it -- NASA must be very careful with what they release, as their funding is at risk these days. And, they need to parcel out their discoveries.

Did you know that two of the Astronauts have been publicly talking about 'visitors'? Gordon Cooper, and Edgar Mitchell, I think. And -- I have a book by a former NASA engineer Paul Hill ( now deceased ) , describing reverse engineering of 'unconventional' flying objects?

Silverbaron
I am in your debt for persuing this Dinar!
Funny you should mention about setting up a NZ office for purchase of Dinars ( and maybe the Dirham once WB sells enough Ag to the Islamic mints ) when I read your post earlier, I was wondering where in Europe I could get hold of one of these beauties, and who I should ask to help me.

~~~~~~~~~~~~
hamlet

I am glad you caught the tone of my last post. I was unsure whether I pitched it correctly. I am pleased to read that your students are learning the *truth* about Australia & NZ from kitco. ;- )

The Ancient Illuminati Society of Bavaria was, according to some paranoid authors, re-vitalised in 1776 by Adam Weishaupt after being dormant for two hundred years after the War of the Roses. This number, 1776 is written in Roman Numerals on the bottom of the pyramid described below. Weishaupt together with Benjamin Franklin ( ? I do not recall which US president ) is supposed framed the new order of American banking, "Novus Order Seclorum" which also appears on the $ bill.
The symbol of the Illuminati, a pyramid containing a radiant eye between its elevated apex and its base is, you guessed it, reproduced on the American $ note. This, say devoted conspiracists, proves that the American Banking System is a tool of the Illuminati whose only desire is to rule the world. This they will achieve by controlling the leaders of the most powerful nations on earth and the banks who finance them.

There are several other references to the Illuminati contained on the US bank notes, according to several paranoid authors. The Illuminati conspiracy, that features the Rosicruscans, The Knights Templar, The Free Masons, the Rothschilds, the Kennedys amongst others is a fruitful ground for publishers. That is, there is always an audience for Illuminati-based books Who knows, perhaps theres truth in it? I havent found any.
20 years or so ago I read much of this nonsense to discover the nonsense and to play with those who hadnt. I could recommend several books, but would not like to be responsible for wasting your time.

My reference to Eris was to the Greek Goddess of Chaos & Confusion who threw a *golden* apple inscribed To the fairest onto a dance floor where it was fought over, this act eventually led to the fall of Troy. ( I posted more on this 24/12/97 )

The Erisian allusion was a tip of the hat to the most fun Illuminati story, a trilogy by Robert Shea & Robert Anton Warner, in which the authors claimed that the worship of Eris was essential to both the ancient and modern Illuminati


The reference The MGT. was similarly a reference to that trilogy. The MGT was actually a midget who wrote official looking signs like Walk on the Grass. and All employees are to return to work after a washing their hands. and signed them The MGT. The purpose of these signs was to create confusion, discord, as the signs looked as if they was signed by the Management or something equally official.

There is even room in these conspiracy theories for Lovecrafts fnords.

Interesting, but a dreadful waste of time. imho.

~~~~~


Reading This Post May Be Hazardous To Your Health.

The MGT

~~~~

aurator

looking for balance in an unbalanced world.

Passing the baton to the more civilized from down under - yet one more day!

Had you going there for a sec? : ) All that was b.s. except for the idea that for the long term player all this up and down in the markets this winter is imaginary.

TYOUNG: You surmise that the addition of the copyright symbol will protect ANOTHER from further exploitation. I wish this were so, but it may not be. In general, you must copyright your work in accordance *with the laws of the country in which protection is sought.* In the U.S. the authors name, the word "copyright" ( or the circled c ) , and the date are the only requirements. ( And of course true authorship ) Canada adheres to the Berne Convention, which basically says the same thing. United States citizens are entitled to the full protection of the Canadian Copyright Laws without any formalities. A Canadian author, with a notice of copyright is also protected under U.S. law.

The danger lies in the concept of "public distribution", which occurs when you ".. sell, rent, lease, or transfer the work or copies to people *not restricted* from disclosing the work's contents to others." In cyberspace there are many unresolved issues. Where is a work published: In the country of the author? The country hosting the web server? In the endless recipient countries?

If ANOTHER is a Canadian, an American, a resident of a Berne Convention nation, or a nation which is a signatory to the Universal Copyright Convention- then Bart's new policy will probably have teeth. I hope so, *not* because I worry about Another's rights or royalties, for he seems quite capable of taking care of himself- but because I despise the parasites who profit from another man's work. This includes our government. Besides, ANOTHER has spoken quite clearly on several occasions that "the truth should not be hidden".

Remember that a copyright notice, just like a patent or a trademark, does not *prevent* anyone from copying your work or infringing upon your patent or using your trademark- it simply gives you recourse to the law if they do.

BART: You might wish to add the date.

I prepared my rather lengthy earlier post before I was able to read your"Swan Song".
You will note I apologized to a certain unnumbered few whom I had deliberately slammed!
You were among them. I'll make it personal.
Please accept my apology for my outburst directed at you.
I believe the rest of my earlier post can explain it all. If there are questions , feel free to ask!
I have four adult children who are ( more or less ) following my example. In purchase of insurance and protection as well as speaking plain truth re: the elitists and their plans for the majority of mankind.
I did not get the slightest intimitation from your earlier post as to
your bent toward individual freedom.
My apology is sincere, as I now recognize a kindred spirit and a MAN!.

aurator: Thank you for your post of Mar 04 regarding the status of Auckland's power problems. Is there an Auckland or NZ paper available on the web where one can read about this situation on a day to day basis.

One should keep his eyes open for all possible investments, not only gold and gold stocks, something that us goldbugs we fail to see.

...it's here.

When the goldbugs are at the end of their rope, then surely it is obvious...

...it's here.

Today, in Los Angeles, the city's worst traffic CRASH of the decade took place on the 101 late this afternoon...

...it's here.

Dow and Nasdaq investors can step forward...they can step back...they can move left...and they can move right... still, there's no escape because...

it's here.

F*, the Unpronounceable.

to anyone ..
re lease rates.. I think lease rate increases mean
one of two things.
1. CBs try to discourage short/forward sales against a
fixed demand by restricting supply thus raising rates.
2. CBs have a fixed availability of gold and Increasing
demand for short/forward sales forces an increase in
lease rates.
Of the two possibilities, I favour Number one. My
argument for this is too convoluted to go into.
Has anyone actually tried plotting the lease rate
( or the difference in the long/short rates ) against
the gold price ??

to Pete ..
Why in the world are you discontinuing posting ?

to Mozel
I see the merit in your guideline of avoiding making
favourable remarks about any group or individual for
fear of making OTHERS feel neglected. I believe that
I have unconciously followed this practice all my life,
and now I feel much better about it. First chance I
get, Ill point this out to my wife.

I second the observation by Clone concerning the extensive piece
done by Peter Jennings on the evening news. For those who not see it
tonight, they went into an elaborate explantion of the sorry state of
the Chinese economy and the competitive dis advantage that China
is now under due to the current strength of their currency versus
that of Malaysia , Thailand and Indonesia. It's like he was surfing
Kitco. Certainly it was the first of this type of reporting i have seen
in mainstream media. He also emphasized the importance of the health
the Asian economy being relevant to the health of US financial institutions



Myridon More likely than finding gold at $ 42 per oz on the moon
they should report finding paper at $350 an oz

attached to new IMF funding.

Another big deception implanted in the brains of the uninformed is that when a country devalues its currency it is a good thing ! Then why not overdevalue to make a good thing even better ?

Devaluations are needed to correct for the inflated currency, but, the way in which devaluations are now presented is to be "competitive" with some other country. The real issue is hardly ever mentioned.

If gold is tanking and heading to the depths--- then someone has forgotten to tell Aussie gold companies. Amidst all the doom and gloom on this site, I have just re-examined all of my Aussie gold charts. They are acting like they are at the bottom of a correction and are just waiting for an excuse to go back up. The price of gold in A$$ has NOT gone down this week!! Now a good contrarian would be selling his grandmother to 'Granny-Gro Fertiliser Company' right now to get funds for more Aussie gold shares. S/he would then have tight stops in place in case s/he were wrong. Some of the best buying of shares I've done over the years has been at times like these. Remember the part about the stops!! There could be a needle in the hay ( bubble ) stack.

3-5-98 comex gold

TOTAL REGISTERED
345,828 0 0 0 0 345,828
TOTAL ELIGIBLE
134,986 0 0 0 0 134,986
COMBINED TOTAL
480,814 0 0 0 0 480,814

Silver

TOTAL REGISTERED
0 -50,771 36,312,991
TOTAL ELIGIBLE
-537,454 50,771 53,388,364
COMBINED TOTAL
-537,454 0 89,701,355

IMHO, as also presented here earlier we are seeing higher lows being put in. We can see this not only in Gold but in other Commodities and related funds.

Check the Charts:

Gold and other Hard Assets ( includes OIL! ) :
http://www.stockmaster.com/sm/trmf/G/GHAAX.html
http://www.stockmaster.com/sm/trmf/G/GHACX.html
http://www.stockmaster.com/sm/mf/G/GRFRX.html
http://www.geocities.com/WallStreet/5969/agpm120.htm
http://www.geocities.com/WallStreet/5969/agpmlt.htm

Bonds appear to be topping out:
http://www.stockmaster.com/sm/trmf/O/OPCAX.html
http://www.stockmaster.com/sm/trmf/O/OPIGX.html
http://www.stockmaster.com/sm/trmf/R/RCVAX.html

We also have the double wammy hitting tomorrow of maxed out labor cost, while corporate profits are dropping. The Construction Industry, especially home building is really cranking at record levels this drives all industries, from plastics to dirt. If you believe that AG can raise rates in the face of deflation and potential market crash of remaining positive economies you may be right.

The point is:
If the Fed raises market collapse across the board.
If the Fed lowers rates hyper inflation in the US dollar will be damaged.
If the Fed stays, no increase, the US housing market will build into a collapsing market.

IMHO it is a no win situation. Every where you look everyone is practicing damage control. AGAIN, there are to many loose cannons rolling around on the deck. She is about to blow.

HighRise

Jin, would that no-one ever had to go through the enormous difficulties with which you are faced. I admire immensely your courage, your
dignity and your remarkable--given the circumstances--humor. I can only hope that when the 'difficult times' come to my country--as they will--
I shall meet the challenge as well as you have met--and are meeting--yours.

Until we all can wrench our futures from the greedy hands of bankers, I can only express my concern for the safety and well-being of yourself and your family. With the sincere hope that we all can meet with happiness on the other side of this mountain of trouble, best regards.

Good night all.

FundaMETAList
Now, you rally do not want to get me going on this power crisis thingy, how, for example, 5 of the 9 Trustees on the Board of Mercury Energy are appointed by one law firm? Undemocratically. It's a big issue down here in the soft underbelly of this sweet gold world with the lights turned off...

Here's Mercury's update URL, with its own bias:

http://www.mercury.co.nz/media/media_index.html
and FAQs

http://www.mercury.co.nz/faqs/index.html


The media, however, not without irony report:

"IMPORTANT: NBR and TVNZ sites are currently affected by the power outages affecting the Auckland Central Business District so links to those sites may not work reliably."

see for real parochial news. ( isn't all news parochial? )
http://www.7am.com/nzwires/

the "best" NZ daily on line is Christchurch's Press, which is rather slow.

http://www.press.co.nz/09/national.htm

All are variations on:



CBD Cable repairs delayed! Since 5:35pm on Friday the 20th of February Central Auckland has
been affected by a major power outages. The city is currently only receiving 10% of its usual
supply due to the failure of 4 x 110kV underground cables. Mercury Energy was predicting that the
first cable would be repaired and ready for service by Monday the 2nd of March. This would have
provided the city with about 40% of its usual supply. Problems with re-gasing the first repaired
cable are now causing delays. So far our backup power supplies have been holding up during the
blackouts and we do not expect any outages at this time.
===

Blanchard speaks...

Interesting, this is a quote from Yahoo's Prescious Metals commentary for yesterday:

``The gold market that we expect for 1998 is a mixed bag, one that will be a lot healthier in sentiment than 1997, but one in which the gold price itself is not likely to be dramatically higher,'' said James
Blanchard, editor of ``Gold Newsletter.''

My take was a little more positive that that alluded to in Yahoo's PM commentary...

This is some of what Blanchard wrote in his Feb 1998 newsletter:

While it ( gold ) has broken back through $300 and has apparently completed it's bottom, this year may still prove to be a mixed bag for gold. There are still disinflationary forces and the slow-down in world GNP growth will have a moderating effect on world gold demand. But at the same time, 1998 will mark the beginning of a market realization that there are new economic forces at work in favor of gold that are not just commodity- based, supply/demand-driven, as in the mini-bull market of 1993-1996. He says it is very important for readers to understand that a major new factor has emerged...that the global monetary trend has changed from disinflation to inflation. However, he said disinflationary forces will continue to work to some extent during 1998 even as the forces of global reinflation mount.

He further states...Don't expect 1998 to be an amazing year for gold, with the price soaring to $400. But there is increasing evidence that, with any good news on the central bank front, we could easily get a move to $350 this year and this would be the beginning of a very exciting gold market beginning in 1999. $350 gold may not sould like much, but from the low reached in Jan of $278.50, that would be a 26% move in bullion, which is significant and should cause some real action in the gold shares. In other words, 1998 may not be the most exciting year for hard asset investors who got used to some exciting price moves in the 1993 to early 1996 period. But the worst of these gold and gold share markets is over. He also says should the flood of central bank gold sales cease this year, as expected, then we will definitely see a very rapid rise in gold prices.

I myself will be happy if gold reaches the $350 level this year...maybe not a "dramatic move"...but as Blanchard says...a significant move.

IMF and Abortion

The IMF is trying to Abort the Asian Screwup, by Screwing the American taxpayer again. The US may as well pay for this Abortion as well. We are paying for everyone elses.

YES

Makes sense to me.

HighRise

See what I mean about NZ women, look at this Prime Minister, ain't she just wonderful? http://www.tvone.co.nz/news/general/06Mar0708.html


PM encourages legal action


The Prime Minister is encouraging businesses affected by the
crisis to sue Mercury.

Jenny Shipley and the Energy Minister Max Bradford will meet
Auckland Mayor Les Mills and Mercury Energy executives this
morning.

Shipley says there is a limit to the help the Government can
offer, but says business people who have lost money should take
legal action.

Shipley hopes details of the Government inquiry into the crisis
will be finalised and made public on Monday.

Candelabra
I hope you take "Granny-Gro Fertiliser Inc" public soon.

To OLD GOLD ( re your 20:27 ) : Your point is well taken. I have to agree. I run this site at the risk of being labelled a hypocrite ( and maybe a poor speller? ) . But I'm doing the best I can.

Lihir ADR's are 20 times the basic Lihir stock.
A quick and dirty will prove this.

1.73 x 0.68 x 20 = US $23.5+, the basic Lihir stock earned US $0.013 during 4th quarter, or US $0.26 per ADR and the damn ADR hasn't traded since the report.

Interest in gold and gold shares is so low here that I believe the tide is out and should return soon.

Frustrated

I subsribed to the Gold Newsletter for a couple of years. Sometimes, when I want a laugh, I re-read the old issues. I posted part of one several months back. Blanchard was Bullish on Gold & Ag during its decline from 400 to 325. Now that he sounds almost like a cautious bear I'd say it's time to be in.

Today, filing charges, US Attorney General Janet Reno said, "The Internet is not an electronic sanctuary for illegal betting. It's a federal cime to use the Internet to conduct betting operations. You can't hide online and YOU CAN'T HIDE OFFSHORE."

The phrase "subject to the jurisdiction thereof" in the 14th Amendment means the federales can include you in their well-defined "consensual reality" OFFSHORE. I made an offhand remark about this with aurator and his Republic of Texas residency. But, "jurisdiction is cold, metallic, and fits tightly around the wrists" and when they seized Noriega, he was subject to their jurisdiction.

Now, all you have to do is change the word betting in the quote above to "hate crime of disparagement by direct statement or by necessary implication" and you will see this topic is no joking matter no matter how harmless or well meaning Bart's speech rules may at this moment seem to be. The phrase "by necessary implication" gives legal sanction to government by necessity and emergency, or by martial law, which is no law. I first posted that phrase in a quote from a US Supreme Court opinion. It's time to stop smelling roses when it's merd they are putting right under your nose.

Do you know of any "good" newsletter's to whom one might subscribe. TIA

Thought it might be of interest to some here.

http://www.mcomm.com/canarc/confcall.htm

That phrase, "by necessary implication", can carry a "judicial process" anywhere.
But, it has been my observation, yea experience, that such tenets of martial law as "by necessary implication" are not universally successful in domestic relations.
Hence, you may wish to risk an occasional prosecution by one of the females which a compliment to your wife disparages by necessary implication in preference to the certain retaliation, and perhaps mutually assured destruction, which no disparagement of other women by you is sure to produce.

BTW the Soupreem Court today ruled anybody of either gender could sue any other body of either gender over sexual harassment.

I'm not into working out. My philosophy is "No pain, no pain." -- Carol Liefer.

I suggest that we gold bugs change that to "No gain, no gain."

Heavy auraHitter -- the candles are in the mail.

Frustrated

I suggest you save your money and read kitco and the links that branch off. Many of us have discovered and posted that these rapacious newsletter hawkers actually get their information from kitco and will then sell it to you. Besides some of these folk, why, even journalists have the morality of angels.

The fact that they are wrong as often as right often fails to reach their audience, like The Bartman Letter that Gart has just posted. Why. last year a poster complained he had lost heaps of money following BARTMAN's Letter, We suspect that Bartman used to post under the handle tgl. He always skulked into the shadows when I challenged him..


How Ya Going GARTMAN. Got any blls yet? Want some sport???

Then there's Pitts, who's still making a name for himself "out there" amongst the orthodox and presumably fleecing the wanting-to-believers, while he made a right fool of himself here.


I make a fool of myself too, but then again, I'm not trying to sell anything. I am giving light and love, illumination and illuminati to a world in darkness. hmmmmm

away to upchuck@nauseatingly_mawkish_aurator____Bluck

That phrase, "by necessary implication", can carry a "judicial process" anywhere.
When Schindler got his Jews to Czekoslovakia, he armed them. Spielberg did not portray this fact in his film, Schindler's List.

When the mutineer black hero of Amisted was returned to Africa, he went into the slave trade as a trader of slaves. Spielberg omitted to impart this fact in his film, Amisted.

Today some fellow was convicted in Sanata Monica of "stalking" Spielberg and of trying to break into Spielberg's home and rape him. The story did not say whether he was jewish or black.

Carabellia

your

"No gain, no gain."

won a quick belly laugh from me and a place in my heart always.

Rubin said the trade imbalance between the United States and Japan was worsening and an outbreak in protectionism would be unavoidable unless large-scale steps were taken, according to the paper.

Rubin also said that the world expected Japan to fulfil its responsibility to Asia, the paper said.

The New York meeting between the two was prompted by an urgent request from Rubin, the paper added.
http://biz.yahoo.com/finance/980306/rubin_aske_1.html

It's getting kind of tense out there.

HighRise

Apocryphal Quotes from this sweet gold world follow. When you look at this lot you realise that any conspiracy is most unlikely due to the general ineptness of decision makers, like these:

As of tomorrow, employees will only be able to access the
building using individual security cards. Pictures will
be taken next Wednesday and employees will receive their
cards in two weeks.
( This was the winning quote from Charles Hurst at Sun
Microsystems )

What I need is a list of specific unknown problems we will
encounter.

How long is this Beta guy going to keep testing our stuff?

E-mail is not to be used to pass on information or data.
It should be used only to be used for company business.

Turnover is good for the company, as it proves that we
are doing a good job in training people.

This project is so important, we can't let things that
are more important interfere with it.

Doing it right is no excuse for not meeting the schedule.

No one will believe you solved this problem in one day!
We've been working on it for months. Now, go act busy for
a few weeks and I'll let you know when it's time to tell
them.

G'day. I hope that if you are a gold investor that you become less so ( frustrated that is ) . Newsletters are a dime/shilling a dozen. You can get many of them here for free. For example -- instead of paying $10 000 for Veneroso's ideas -- they are usually posted here a little tardy, but gratis. Most newsletter writers are good value--if you do just the opposite of what they suggest, you might even make some money!! There are some very good posters here!!! Doesn't cost a cent. Problem is -- figuring out which of the 'experts' know what they are talking about. There are people here who don't know a put from a putt who will gladly tell you ( with great authority ) what to do with your money. Their advice is worth exactly what you paid for it. Put a big salt shaker next to your computer. Take a big grain of it every time you read something here!!!

One last piece of unsolicited advice. If you were an extremely good investor -- why would you need to write a newsletter?? Before you take advice on investing--check out the financial status and raison detre of the advisor. I would not take advice on investing from someone who is not filthy rich!!

BTW -- very good post!!

Carabella
was that an e-candle? cos there's nothing new in my mailbox :- (

AG was reported to be trying to talk Congress out of spending a recently announced budget surplus for this fiscal year. The fact the debt is going up apparently has nothing to do with the federal budget as it wwas not discussed. This is as we suspected all along.

One tidbit is that everyone seemed to agree that "some sort of privatization" would be part of "saving social security". IRA, Keogh, Roth holders take note. You are part of a privatized retirement plan, so I expect you to be part of "some sort of privatization to save social security."

Why doesn't Miyazawa urge Rubin to drastically cut US Taxes and report the truth about the US budget deficit.
Or just plain urge him to go **** himself.

Frustrated; Thanks for the Blanchard quotes! Nice that he agrees with my projection of $%350 later this year. For this to be acheived, centrsl bank selling has to ease significantly. This will require gold reserves of at least 10% in the new European CB and restrictions on gold sales by national CBs. Probable, but not certain.

Funny how some of the great prognosticators from 'Kitco Christmas past' have disappeared into the ether ( I like aether better ) . They deserve a chapter in. ..Madness of Crowds, mate. When the crash finally arrives you can expect 'Pitts' back immediately to crow big-time!! Doesn't matter that numerous lurkers and newsletter readers have done their dough. All investments have their time. Investing/trading is all about timing. As a contrarian, I am investigating buying electricity futures in Auckland. Can't get any lower than pitch black, mate. Now, about our 'Antipodean Contrary Newsletter', mate--how much $$/month you think we can get out of these suckers??

Thursday March 5, 5:38 pm Eastern Time

LME copper rises 12 pct in week, breaks $1,800

By Camila Reed

LONDON, March 5 ( Reuters ) - Copper prices on the London Metal Exchange ( LME ) vaulted through the $1,800 a
tonne mark today, up nearly $200 on last week and their highest level since mid-December.

``It all suddenly took place between rings ( trading sessions ) , with good buying from a number of brokers and trade
houses which sucked in fund buying,'' said Robin Bhar analyst at brokers Brandeis.
_____________________________________

Another bottom?

HighRise

Thought it might be of interest to some here.

http://www.mcomm.com/canarc/confcall.htm

The evils of tyranny are rarely seen but by him who resists it.
John Hay: Castilian Days, II, 1872

Yes, I've been bitten by the yellow bug for some time now...hence the handle...Frustrated. Just waiting for the day when I can say Frustrated ...not. I always try to follow the "fundamentals" when investing and they're pointing right to gold.

Just for your info, Blanchard has been working closely with Frank Veneroso over the past year and has published much of his views in the Gold Newsletter. I haven't invested in any of Blanchard's recommendations as of yet but am closely watching a couple...DROOY and Tan Range.

We can all laugh at the predictions made by these newsletter writers but I don't believe that many of us could say our predictions have been much better. Who would have thought a year ago we would have seen gold at this level. I'll keep subscribing to a few...never know what one might learn. I'm throughly convinced no one really knows when this gold market is going to break out, but it sure is interesting listening to all the predictions and analyses.

He probably has told Rubin to get his act together, but remember Clinton and Rubin own the Media. It doesnt really matter who they screw over, the press blesses it as OK.

Japan has stopped buying US Bonds and may be selling; And of course maybe evidence of this is in the Bond Price / Interest rates.
http://quote.yahoo.com/q?s=FNM&d=1y

Do we know if the Fed has replaced Japan as purchaser of US Bonds?
They add liquidity everyday it seems - coupon purchases?

HighRise

Frustrated

That is the point actually. The future is unknowable. Like necromancers of yore these Newsletter publishers capitalise on the human frailty of wanting certainty over the future. Therefore they prognosticate, they suppose they make a living. Life happens around. Some will be right and some will be wrong.

Imagine a children's party game. Divide the room in half. Toss a coin. Heads. THose that are in the Heads half of the room get to stay in. get them to spread out. Do this coin flippin again and again. If there are enough children to start with it might take say 20 tosses of the coin to get one winner.

Apply this to the markets. Each time a Newsletter prognosticator gets it wrong s/he's out. After say 20 calls have you got a "good" prognostiator or a lucky one dictated by chance.

Remember. The best performing funds today are inevitably the worst tomorrow, therefore, with suitable caution, you should put your money in last year's worst performing fund. Most don't of course. Most lemmings will but last year's best fund and watch it retreat.

May I suggest that instead of spending your $ on newsletters you buy Peter L Bernstein's "Against The Gods - The Remarkable Story of Risk." easy mathematics and a whole heck of a lot of good sense.


---

ALL KITCO FRIENDS,

Events around indonesia seem on the corner now!The imf dead line for the loan on 15/03 looks rejected,though they try last few attempts!Yesterday and today,hundreds of thousands students,peasants protest/riots on 7 big cities!Including bandung,...and beautiful BALI!THE RUPIAHS,THAI BHATS,SING DOLLARS,RINGGITS slipped further this morning 06/03.
Around the coarst of MALACCA,the SINGAPORE and MALAYSIA army in fully guard to prevent thousands of immigrants from INDONESIA!Same as the BORNEO island!
The helicopters,army jets fly around the INDONESIA riots areas.Looks very tense.We the asean countries in very edge of civil war or revolutions...!
Personally think that the situations get worsen day by day.The collapes of the GIANT INDONESIA sure will have big impact of the neighbourhood countries.Just forget about the investments,SAFETY first.
off.....life so hard....
take it easy and free....
HAPPY....always!

regards,
jin

p/s ZIVA,please e mail me:cssamtrue@hotmail.com

I shall now join the chorus of fearless Kitco prognosticators of the future price of gold. Be sure to copy this post so that you can quote it in the "Kitco Hall of Fame". I absolutely guarantee that it will be just as accurate as any Kitco posting you have read in the past year!!!!

By this time next week ( Friday the 13th ) Harr, harr, harr. THE PRICE OF GOLD WILL BE:

$305/oz.......err....ummm......unless of course the US $$ goes up some more and then THE PRICE OF GOLD WILL BE...$285/oz.... err....ummm....ahhhh.....unless maybe the Chinese devalue and then maybe $265....ummm...... errr....we could also have a market crash..and then $350/oz....err....ahhh.....maybe a war and $500...........come to think of it....a NUCLEAR war and $5000.......err...ahhh...umm...well, where is that Veneroso newsletter anyway?? Back soon to give you the REAL price of gold next week...Now another shot of that ginseng Auracious sent me..... -hl!!

Canelloni,

You've got the style right mate.

------The Antipodean Contrarian Newsletter------

Free Issue #1.

Nickaurator Enterprises 1998.


All profits will be drunk in one night.

"THere is a good chance that the support level of $282 will not be broken during the next correcting "faze" of this nascent bull market. If it is broken, then we see the fibo 0.618 point holding at $265. The more likely event is a steady rise to $320 with possibly a sharp but brief spike to $345 by the end of the year. If $345 is not broken within six months it may be broken in the next leg up, after the 61.8% retracement of the super-cyclic corrective C wave of the 3rd wave in a 5 wave bull. We could also see some doldrum patches as well as good volatility in the next few weeks."

That's the sort of crap that often rates as a good post. Not just here but anywhere there are people who are buying someone else's ideas. Cave Lector, it can turn your brain to tripe..

You should all save yourselves the bother and just send your money to us directly.

Some lark, this chicken entrail divination biznezz.

Canelloni,

You've got the style right mate.

------The Antipodean Contrarian Newsletter------

Free Issue #1.

Nickaurator Enterprises 1998.


All profits will be drunk in one night.

"THere is a good chance that the support level of $282 will not be broken during the next correcting "faze" of this nascent bull market. If it is broken, then we see the fibo 0.618 point holding at $265. The more likely event is a steady rise to $320 with possibly a sharp but brief spike to $345 by the end of the year. If $345 is not broken within six months it may be broken in the next leg up, after the 61.8% retracement of the super-cyclic corrective C wave of the 3rd wave in a 5 wave bull. We could also see some doldrum patches as well as good volatility in the next few weeks."

That's the sort of crap that often rates as a good post. Not just here but anywhere there are people who are buying someone else's ideas. Cave Lector, it can turn your brain to tripe..

You should all save yourselves the bother and just send your money to us directly.

Some lark, this chicken entrail divination biznezz.


----
To the poster formerly known as farfel

May I suggest you append your glyph as follows:

F*,~

you have earned the honour

Where's everyone gone?

nite

---------The Antipodean Contrary Newsletter---------

Free Issue # 2 ( unless of course you would like to send $10 001 to Nick@c/Auracious@never-mind--no post office in N.Z. ) -- Hey--if Veneroso can get away with 10 k!!

-------------------Nickaurator Enterprises 1998------------------------

The head and shoulders bottom we have all been waiting for in gold is just finishing it's right buttock. The C.B.s have all run out of gold as they have secretly been using it to buy oil from Saudi Arabia. Our inside source--Sheik Ali Mubaratin Al Wadi ( SDRer to you ) informs us that "they are out of gold" and that the Portuguese ruse of this past week was to buy extra time while they look for some more ( gold, that is ) . Crisis talks in the White House are proceeding at this moment. It appears that the USA sold all its gold to the Chinese last year to support the US dollar. The President is preparing a 'memorandum of confiscation' for his wife's approval to replenish US gold stocks.

The silver market is so out of silver that all cameras will be confiscated by July of this year ( remember--you heard it here first ) . Warren Buffet is tipped to take over the reigns of Kodak Ltd.. He apparently has made them an "offer they can't refuse". The Indian government is considering making Buffet an 'honorary' Indian citizen until 'normalcy' returns.

Apologies for such a brief 2nd issue--but we've run out of ginseng. I hope your cheques are in the mail.

Here is a question. If you assume that the IRS will be hobbled by Y2K, how will the budget be balanced? What will that do to the deficit, the value of the US Dollar, Gold, and Treasury Bonds? Go Kitco!

reigns=reins.
Just fired my typist!!

Nicoletto

I think we're on to something here. Next issh tomorrow/sometime

Pardon me while I fall ashleep.

I'm a baaad, baaad paaasword

G'nite mate. Baaaaaaaaaaa.

There are those who do not
imitate,

Who cannot imitate
But then there are those
who emulate
At times, to expand further
the light
Of an original glow.

Knowing that to imitate
the living
Is mockery
And to imitate the dead
Is robbery
There are those
Who are beings complete unto
themselves
Whole, undaunted,--a source
As leaves of grass, as stars,
As mountains, alike, alike,
alike,
Yet unalike
Each is complete and
contained
And as each unalike star
shines
Each ray of light is forever
gone
To leave way for a new ray
And a new ray, as from a
fountain
Complete unto itself, full,
flowing.
So are some souls like stars
And their words, works and
songs
Like strong, quick flashes of
light
From a brilliant erupting
cone.
So where are your
mountains
To match some men?

This man can rhyme the tick of
of time
The edge of pain, the what
of sane
And comprehend the good in
men, the bad in men
Can feel the the hate of fight,
the love of right
And the creep of blight
at the speed of light
The pain of dawn, the gone
of gone
The end of friend, the end of end
By math of trend
What grip to hold what he
is told
How long to hold, how
strong to hold
How much to hold of what
is told.
And Know
The yield of rend; the break
of bend
The scar of mend
I'm proud to say that I
know it,
Here-in is a hell of poet.
And lots of other things.
And lots of other things.


-- eulogy to Bob Dylan by man-in-black Johnny Cash
on back of Nashville Skyline album,

Implied gold lease rates are about 2.8% for one month and 2.0% for one
year. Such an inverted condition demonstrates that short-selling speculators are more eager to borrow the metal
than producers are eager to lock in current prices for future output, a classically bullish indicator.

http://cnn.com/TRANSCRIPTS/9803/04/cf.00.html

read the article. note what they say at the end - how it ( Microsoft ) is a "priceless national treasure" ...

MS is ( arguably ) an overbloated, overvalued software company that makes money not only from good products ( which is also arguable ) but especially from market manipulation ( think of which OS was *pre*-installed on your PC and how MSN before and now IE are forced onto your PCs ) ...

Perhaps the comparison between MSFT and RCA ( of the 1920s fame ) isn't that bad a discussion after all....

MS stock has been going up on market mania that the fair value of the company is ever higher than what it currently is. We shall soon see if this remains true. IMHO, MS's time is nigh. Perhaps goldbugs should start watching MSFT stock prices as another indicator of market mania ...

Showed my gold chart to a complete novice without him knowing
what it was. After veiwing other charts with explanation he
veiwed this chart and said thats goin up! Cotton tail and
big ears thats all I have to say. Cotton? iTS A GOER but
Ive got big ears and am all TANGLED UP IN BLUE. Got the
gold cup and I think its fan hitting time.,....... I need
to say more but a water hole beckons. Good luck all and
play it safe. Viva la BRA.

Nick, Read the second issue of your newsletter, mate. Can I quote you??

I've been looking for news that confirms Jin's 3:15 post. Can't find a mention. Anyone else?

http://search.washingtonpost.com/wp-srv/WAPO/19980306/V000075-030698-idx.html

http://biz.yahoo.com/finance/980306/indonesia__4.html

http://biz.yahoo.com/finance/980305/indonesia__3.html

http://biz.yahoo.com/finance/980306/yugoslavia_1.html

Mornin Donald + G-bugs....Looks like paper is making a come-back t'day and S+ P futures are up 1.90~~~~~

http://www.pathfinder.com:80/fortune/1998/980316/gol2.html

March 6, 1998
Wary Investors Beginning to See Luster in Gold Company Stocks

By NEIL BEHRMANN
Special to THE WALL STREET JOURNAL

JOHANNESBURG -- Is it time to buy bombed-out South African gold stocks?

Investors are beginning to nibble, although they're wary because the price of gold -- $293.50 an ounce -- is only 5.6% above its 12-month low of $278, seen in January.

"We're prudent buyers of selective stocks, but aren't advising huge orders," said Gerard Kisbey-Green, an analyst at Fleming Martin Securities in Johannesburg. "If gold surprises the bears and rallies toward $320 later this year, the stocks will run a lot further and
faster," he added. Such caution among stock pickers is
understandable. Since gold peaked at $418 an ounce in January 1996, the
metal has slumped dramatically. Stocks have tumbled along; after surging 60% on a bullion rally that started in November 1995 and peaked at 2000 in January 1996, the Johannesburg All Gold Index plunged 67% to 668 points early in December. The index then rallied 27% to 850 when gold briefly rose above $300 an ounce last month. Since then, the index has sunk with the price of gold, falling to 745 on Thursday.

"Any further gold-price slide to the recent lows, or even worse, is a scenario I don't wish to contemplate," Mr. Kisbey-Green said.

"Gold stocks certainly aren't for the faint-hearted," said Roger Chaplin, head of research at T. Hoare & Co., London-based stockbrokers that specialize in mining. Mr. Chaplin said gold prices might bottom within 5% of present levels. If that doesn't occur, he warned, large portions of the global gold-mining industry could fail.

The Bullish View

On the bullish side, however, Mr. Kisbey-Green said the cost of producing gold is so close to present quotes that South African gold stocks are leveraged, and any price increase would raise earnings substantially.

For example, Mr. Kisbey-Green estimated the cost of production for Free State Consolidated Gold, or Freegold, amounts to $316 an ounce. At current gold prices, Freegold is estimated to earn 44 U.S. cents per share, but if gold rises 9% to around $320, Freegold's earnings will
surge 27% to 56 cents a share. If gold revived to levels near $340 seen six months ago, Freegold's earnings would touch 67 cents a share, 52% higher than current estimates, he said. Freegold's stock price is up 24% since early December to $4.34 in U.S. trading. In contrast, any gold-price slide would be accompanied by a Freegold dive.

Illustrating his fears of what could happen if gold were to plunge, Mr.
Kisbey-Green's picks are low-cost mines such as Southvaal Holdings Ltd., which produces gold at $220 an ounce and is quoted at $15.40 on an estimated price-to-earnings ratio of 12. It isn't so leveraged, so any gains would be smaller, but it's a much safer stock in terms of risk, he said.

Merger Expected

In coming months, Freegold and Southvaal will be merged with several
other Anglo American Corp. mines in a company called Anglogold, analysts said. The two companies will thus become part of a much bigger and stronger liquid international stock, they said.

Anglogold will produce about 6.5 million ounces of gold and will be capitalized at more than $4 billion, Mr. Chaplin estimated.

Two South African mining houses, Gencor Ltd. and Gold Fields of South Africa Ltd., combined their gold mines, and the company, Gold Fields Ltd., was listed in early February. At $5.10, it is 6% above its lows, Mr. Chaplin said. The capitalization of that stock is about $1.6
billion, he said.

Mr. Chaplin's South African pick is Driefontein Consolidated Mines Ltd.,
which could become a "corporate play" between Gold Fields, which holds 37% of the shares and manages the operation, and Anglo American Corp.,
which owns 19% of the stock. Technically, Driefontein fits in better
with the Anglogold mines, so they might want to control it, he said.

As I said yesterday, whenever sentiment on this site gets sinks into the depths, a rally usually is very close. But only God knows if it has legs. POG must go above $300 and remain there before we can be reasonably sure a new bull is underway.

We have 35F and sunny, frost on the roof though. It was supposed to rain but no sign of it.

Story in NY Times today. See electronic version of Times. Subscription is free and easy.

27 degrees and first time in approx.TEN days that I have seen the sun~~~

Gold:

345,828 Registered

134,986 Elligible

480,814 Total No change

Silver:

36,212,991 Registered

53,388,364 Elligible

89,791,355 Total Net change - 537,454

Good Morning All - I don't usually do this but since I've just heard it on the radio I'll repeat what I heard. Even though London is up just over 1% Motorola is down $3.00
"On the outskirts of every agony sits some observant fellow who points. ---- Virginia Woolf

http://biz.yahoo.com/finance/980306/japan_scan_2.html

Ted, j'adore tout le Cape Breton. What do you think would be the cheapest town/area to buy a house in on Cape Breton? Could one buy a house of $50,000 U.S. or less? Thinking of putting more money into real estate, after just adding more to gold; still trying to get out of paper and into something tangible. Thanks.

John - The Director of the Islamic Mint says that the new gold Dinar is being produced in South Africa; perhaps your contacts could do some nosing around and find out some of the details. ( Perhaps the Islamic Mint is one of the buyers of mine forward sales )

On a more cheerful note ;- ) Silver is down this morning very close to the 'major' support mentioned yesterday and so may be at a perfect spot for Futures Traders to take a nible with a fairly close stop-loss point.
"An objective without a plan is a dream. ---Douglas McGregor

http://biz.yahoo.com/finance/980302/tanzania_g_2.html

...It was at Bretton Woods, the New Hampshire resort, that financial officials from more than 40 countries agreed in 1944 to link currencies at fixed exchange rates, making adjustments only rarely. The system offered the world the stability it needed to resume impressive growth after World War II and paid off handsomely until the late 1960s, when its anchor, the U.S. dollar, was weakened by Lyndon Johnson's spending excesses. The end arrived in August 1971 when Richard Nixon cut the link between the dollar and gold.

...Now, after drops of up to 80% in the values of won, baht and rupiah, South Korea, Thailand and Indonesia in particular have suffered not only a wealth loss but the prospect of high inflation--hitting 32% in Indonesia last month. It's only natural, then, to think of systems--whether it's a currency board or a GOLD STANDARD--that can assure people that the value of their money will not wither overnight. Mr. Sakakibara deserves a hearing.

The discussion of a gold standard is "out in the open". It will be interesting to see how the powers that be respond. Nothing will happen overnight, but it is necessary for the discussion to come out in the open for any progress to be made.

Once again, if you are caught up with Gold emotionnally, skip this message or take a deep breath!

For a fourth consecutive day yesterday, talks were circulating worldwide among key central bank officials about a way to liquidate more Gold and they seem concerned to find a way to do so in an orderly fashion without creating a panicky situation.

At an Australian Gold conference yesterday there was talk about a plan to auction European Union bank reserves. The auction is expected to take place after the EU decided what reserves to hold and by the very nature of the plan its clear they expect more supply to flow to the market! One thing the plan would do is force central banks to go through the main bank before announcing sales over the next few years which would make liquidation more orderly.

This dialogue is very likely to limit any rallies ( even the little ones! ) for a long time to come.

Estimated non-core jobs created is 250,000~~~~and the reality ( ? ) is: 310,000 jobs---bonds selling off a little bit----Average hourly wages up .6 % ( also stronger than expecTED )

S&P Futures going crazy on jobs report: up, down, up, down, nuts -- like these people know what they're doing.

Did the bankers spend anytime at all discussing what they were going to do to make currency markets more orderly ?

The cheapest place to buy R.E. in Cape Breton would probably be Sydney Mines but I do NOT reccomend this as place to put your money!!--Cheapest in R.E is NOT the way to go! ( especially here ) ...There is cheap oceanfront property in the Framboise area and that is what I'd reccomend~~~~~In Sydney Mines you could find a house for 25,000 ( Can ) but........

Thanks for your info. Will look in that area you mentioned, probably this spring, if my paper assets haven't evaporated into ( international ) debt implosion by then. Thanks.

It seems that for one brief moment, the other day, the Portugese were once again World Leaders!

Anyone have the site for Globex ( that was erased by my 'computer tech guy' too ) .....only selected sites were erased and he seemed to know which ones were important to MOI~~~~~~

hi

We hear that the big Japanese dealers are now closely watching Berkshire holdings, as they believe that Silver could quickly move back above $7 if they decide to take deliveries for long term investment.

But we also remember that the Berkshire holdings were purchased and allocated between U.S. and Europe which means not all deliveries may come out of the Comex inventories.

I think that there will have to be official deliveries over the short term to have the current Silver prices supported and more declines in the Comex warehouses because the overall bearish attitudes towards the metals in general is beginning to ge noticed everywhere once again.

http://www.cme.com/cgi-bin/gflash.cgi

Looking for chart on Silver Comex wharehouse stocks.

Are there any regularky updated ones available on the www.

jsmith@wire.net.au

From elsewhere on the net.leman . . Fri, Mar 6, 7:45AM CST ( -0600 GMT ) eman . . Fri, Mar 6, 7:41AM CST ( -0600 GMT ) eman . . Fri, Mar 6, 7:41AM CST ( -0600 GMT ) leman . . Fri, Mar 6, 7:26AM CST ( -0600 GMT )
alice: Lotsa people havin it tough nowadays. Just think, with Chung, Trie, and Hsia now indicted, the Chinese
government will likely have to wait and get this NFP number at the same time we get it.: )
oleman . . Fri, Mar 6, 7:38AM CST ( -0600 GMT )
swtrans: It sure is easier to trade now that spoos have decoupled from bonds. And Stocks have decoupled from
earnings. And spoos have decoupled from stocks. Yup, it was especially tough sledding back when spoos,
stocks, bonds and earnings were all related.: ) .
sw: I been waitin all my trading life for the day when I only had to look at ONE indicator for overall market
direction, and I finally lived long enough to get there. Slick's approval rating in the polls is the ONLY number that
matters now. When spoos decouple from THAT, the party's over.
I expect Klinton's popularity AND this bull market to peak some time in the fall, somewhere in the mid-90's.
Gotta get above 91%, cuz Bush once got that high. I figure that 2 more molestations in the oval office, or 1
forcible rape, or 1 homosexual encounter, or one sneak attack on a small country will get him there.: )

Anyone who still thinks that the worst is now over for ASIA had better go back and read Jin's lament at 3:15AM! Indonesia headed for civil war! SAFETY now more pressing than PROFIT--a mentality that will soon sweep the planet! THEN, and only then will the precious yellow SHINE like the beacon of SAFETY and STABILITY which it IS!

Jobs report this morning strong enough to avoid fears of deflation but not strong enough to insoire fears of inflation--YET! The situation in Asia will change all this by the end of Q1--COUNT ON IT!

http://biz.yahoo.com/finance/980306/markets_pr_1.html

thankx

Could you post sources for your 8:24 please?

I am selling my waterfront lots in that area that Ted speaks about-
25 acre lots c/w 700 ft water frontage-s.w exposure. If interested-
provide me ur e mail for further details-have five lots. BBL

http://biz.yahoo.com/bw/980305/thomson_ba_1.html

The following are not my opinions

Letter from the masses to all American gold bugs.

We don't care! We only want to make money. 58% of us don't care if the president lied under oath. We don't care what our president does, he doesn't matter. We don't care about earnings or buying at 18 times book value. We only care that are stock price goes up. Which is a given any ways! It will always go up. It will never crash. We only care about watching people curse and fight with each other on the now number one talk show, Jerry Springer. We just don't care about world politics or economies. All our credit cards are at their limit and we have home 125% equity loans. We may be paying 20% on credit card interest but are making 30 to 50% on stock investments. Plus we are all working and always will be. If any of us gets into trouble we will just declare bankruptcy. The government will take care of us. Gold as insurance? HA! We have enough jewelry! Times will always be good for us. Come join us! Membership is easy! Just buy some stock that was recommended to you by someone your neighbor knows brothers uncle.

See ya soon!

Signed: The paper mongers!

Let us not forget all gold companies that forward sold helped get gold to these price levels.

If one looks at gold's behaviour at this point in time, gold is in an anomalous state. A simple analogy would be a river running over its banks, sooner or later it will come back within it's channel. Gold will be the only true standard that money can be backed by. Yesterday, I found it very encouraging to hear the CBer say that the amount of gold that will be backing the Eurodollar has been greatly "underestimated". All above comments are IMVHO.

http://my.excite.com:80/news/bw/980305/antares-mining-and-e

John Eade of Argus Research just said on CNBC that the equity markets in the US are 20-22% OVER VALUED at current interest rate of 6.06%! This would put the DOW back into the 6500-6700 range AT PRESENT RATE OF INTEREST! What if rates surge to 6.25% or higher? Could be looking at 5,000 OR LOWER! Too risky for my money!

Your lucky as that is a beautiful area!!!...Eddie + I are going to Center 200 for hockey-rum tonight ( you goin ta be there? )

The gold mines which led off with forward selling have potentially put the entire industry and market into somebody's hands. Properties are going to be bought cheap if POG stays low and this is starting to look to me like Black Friday in New York all over again. Any time you have a paper price for gold, somebody is going to corner the market with paper.

My husband and I might be interested. We are: rufus@vh.net. Thanks.

April Gold up $1.40, copper up $.40, silver down $.048

Sojourn

How ya doin' big guy. No-won't be there-probably at the Main Event.
Don't miss Burton Cummings at the Savoy-24th Mar. BE THERE!!! For
old fogey rockers like urself. U & Eddie gettin kinda close. Let's
have one day a week at Kitco dedicated to nothing but positve gold
comments. All contrarions get da boot!!!!! Let's make it Sunday.

Thanks-will respond in a bit.

apparently I have the most unique phone lines in Long Island. My ISP is running slower than government reform and on top of that I have had several lifetimes of things happen in the last three weeks that would make bad luck look good.

My hotmail account won't load but I see my messages and I can access my stock accounts but the page is blank.

Other than that, all is well. Hmmmmmmmmmmmmmmmmmmmm

right now being positive about POG is contrarian as you can get HA !GO GOLD!!

President will speak from the "ROSE GARDEN" at 10:15. Gee! What do you thing he is going to say about the economy from the "ROSE GARDEN"?

Put an advertisement in the Canada-Wide real estate section of the Saturday Globe + Mail ( only 25$ and very effective!! )

The rumor, and it is only a rumor, is that GE will disappoint.
If so, look out below. GE, no matter what "basket" one looks at, is the King of the Heavyweights.
If one thinks INTC can rock the market, well, INTC is just a mote in the eye of God compared to GE.
Congress effectively said yes to the IMF today. POG may have been affected but probably mostly the asian markets.
California is trying to put in a law that stops liability on the year 2yk . To me that states there is one large problem and one big answer probably all wont be fixed.
~~
Go my precious

This may be what you're looking for.
http://www.globexmining.com/

checking Pro Farmer site talk of humunges flood in area
around Katherine?any of you Oz"s in the area,they say even
the crocs are heading for higher ground?wo that's a flood.

Oldman
Go tell him he should be more thorough.
Only the best get to the TOP.

And see if he can hurry it up a bit.
All us goldbugs are going broke. ( :-}

Did you tell the folks at the gold dinar site how to access Kitco chat? They would probably be very interested.

http://biz.yahoo.com/prnews/980306/ny_s_p_sou_1.html

John Disney:
Re: Mena, Arkansas. I can speak only of that which I
know for a fact, having either seen it, participated in
it or being told by those who are ( IMNHO ) credible.

Bearing in mind I still live here in Arkansas, if you
wish you may read between lines or take with a shovel
of salt, as fancy dictates.
There have been many peculiar things occur in AR. of late years,
Many of which have ( as per news stories ) been directly aligned
with the yellow dog democrats of AR. Some even with our esteemed
coward in chief. ( thanx T#1 for the term! )
Chief among those of which I have either direct or ancillary
knowledge are the drug distribution and "Contra" training.

People will talk and if one is able to assess non-verbal
communication as well as verbal, one can learn a lot.
I know for a fact that Barry Seal, erstwhile drug runner, worked
out of Mena for a period of time. I worked on one of his planes.
No more on this!
I never saw a Contra in Arkansas or Oklahoma ( near the reputed training area and landing strip ( s ) . Might havwe seen a few in Centro America. Memory fails me at this juncture!
The subject to which I probably referred and which I believe
prompted your query was that of the investigator for the Arkansas
State Police who was pressured in various ways and was finally
sent anthrax dust in a sealed envelope which upon opening spewed
into the air and was ingested by inhalation.
Fortunately for the man, someone local was capable of giving
proper treatment and his life was saved.
The man was principal in the investigations into the illicit
activities of b.j.clinton, his brother and business associates.
Total detail escapes me, but it is enough to state some one had it
in for the man. He is alive and well and I was able to spend
several hours with him, during which facts he uncovered in
investigation were primary to the interview. He is prominent in at least one of the videos in eirculation about our beautiful area!
There are several videos being promoted on the net.
Lost the urls when my 'puter crashed in Jan or Feb ( ? ) .
I am sure you can search fruitfully by entering Mena Story;
"Mena, the coverup" or some such.
The name of those who produced the video ( s ) is Jeremiah Films.
The site is or was on line. Wishing you productive searching,
I am a.j.. The repentant!!

yesterday. Honk back at ya.

Golden Cheesehead....I keep an interest rate versus S&P 500 earnings yield indicator. It gave the first sell signal in eight years last week. This is not a precise trading tool, but provides a general indication whether rates vs earning are constructive or problematic. They are now a problem.

Yes, of course. I waxed at length discussing the contributions made here and described the reasons why most of us ( if not all ) look forward to future purchases of the Dinar.

I also supplied the URL and provided my thoughts as to what would be the result of their contribution to the forum; that is, an intelligent and informative dialogue. If I have the pleasure of receiving additional updates I will keep 'the family' posted.

Ted-tks-will try. Keep on rockin. Loved that song years ago by local
group-Buddy & The Boys called-Workin' at the Woolco-$1.44 day-Manager
Trainee Blues. Da Da Da Dumb. Still playing here on the radio. Things
haven't changed except Woolco's gone.

jman
The flooding around the Gulf of Carpentaria is breaking all records.
The bottom of the Gulf from Burketown to Karumba is all underwater.
They had a few cyclones in the gulf around xmas which were producing record rainfalls and now they just had another cyclone and heaps more water.
Some of the rivers are up 12m above normal and most of the land is 1m to 2m underwater.
The bottom of the gulf is a shallow basin and this new inland sea can extend up to 50km inland.
It becomes a prolific breeding ground due to the flush out and prawns, barramundi, king salmon, crocodiles plus everything else is on the move.
Great time to go fishing.
Fortunately it's not a densely populated area and the locals are used to the flooding.
But this year, when they thought and were told that the El Nino would bring a severe dry season, they have had one of the wettest on record.

Some of the gun fishermen are going to catch a hundred tons of banana prawns this season.

Why do we all not make a concerted effort to ask to purchase this item from each of the people that we purchase coins from? I mean the laws of supply and demand have not been repealed, yet?!?!

We as the customers should not have to do all the leg work. I for one shall ask my account executive to find out how I can purchase some.

There seems to be some argument among investors as to whether the stock market is overvalued or not. Following are some historical facts. A Dow Jones Industrial average of 8000 was used as today's price in the figures below.
The historical average price of the stock market is 48% of the Gross Domestic product. Today's market price is 118% of GDP. At 48% the Dow would be at 3250 today.
The historical average dividend yield of the S&P500 is 4.5%. The average dividend yield is below 1.5%. The Dow adjusted accordingly would be at 2600.
The historical average Price to earning ratio is approx. 11-1. Today the average P/E is almost 24-1. Adjusted to the average P/E this would put the Dow at 3667.
The historical average of the price to book ratio is just under 2-1. Today's average P/B is 6-1. Adjusted to the average this would mean the Dow should be at 2667.
Lets use the average of the four adjusted figures above and arrive at what might be a fair market value of the Dow. That figure would be 3045.0
Based on historical averages, with the Dow at 8500 the market is now overvalued by approximately 180%. If anyone can dispute these figures please post accordingly. Surely I have made some terrible mistake.

I forgot to mention that in addition to providing the Kitco site for discussion I had provided the ANOTHER ( THOUGHTS! ) thread. I would love to see some dialogue between ANOTHER and Mr. Vadillo from the Islamic Mint.,,,,,,,,,, hmmmmmm

this spring will be great in california for panning gold
I use to go as a kid and all the stupid weekenders would come up
and turn oner the same 2 ton rock and get zilch but if you
look at the winters water line and brush all the sediment
into the pan from cracks and wedges on the above water rocks
you get gold in every pan,kind of slow cause you got to keep
going down to the river and back up,but all you need is a pan
and a brush and a high rageing river to stir up everthing
and the gold seems to sink faster when water goes down and
get stuck in cracks and shelves,oh well back to GOLD

started last post to tell you thanks for info.thanks.

Our national debt seems to have risen apx. 15 billion just this week alone. Yet the president says these are the best of times.

Thank you for your fearless picks and prognostications. Great reading with the morning coffee. Where shall I send the $10,001?

more?

I, for one, forwarded a copy of the Islamic Mint response to each and every one ( of the many ) numismatic contacts who had told me that it did not exist, or that they never heard of it. Also to the director of the Islamic section of the American Numismatic Society.

It won't take long for the word to be out. My inquiries were to most of the world gold coin dealers I could find on the Internet. Go Gold!!

@Carl: I'd rather keep them private but if you wait a bit, Reuters or something alike will probable have it or even some of the Gold sites that we have been invited to many times here on this Forum could mention the developments soon but that I doubt because they don't seem to be too objective to me!

@Mozel: No they haven't discussed the currencies...you would have liked that eh?

@All: Those who bought S&P puts in a hurry right after the Intel news came out on Wednesday night or on Thursday morning when the market was already down 1200 points must not be in a good mood today! They litterally bought at the lows....and the S&P market will turn back lower only when they will capitulate and get rid of those options at huge losses. A very quick way to lose a bundle. One more time: NEVER trade the news.

Radical inversion of gold lease rates. For one month the annualized lease rate is 3.5% today ( about 3 times "normal" ) , with 1 year rate at 2%. This mean "Specs" are heavy short, yet commercials are not selling or buying, a very bullish situation for gold.

HB

The United States is in the most precarious financial position it has ever faced. The future will be interesting to watch as the lack of leadership in all areas attempt to place blame everywhere but with themselves.

IMVHO not one number the government issues is based on anything less than fantasy.

Jman, Your story reminded me of panning for gold in Alaska. We would go to the old gold dredge sites and scrub the spoil rocks wth wire brushes in a wash tub of water. After scrbing few hunded pounds of rough textured rocks we would pan the sediment in the bottom of the wash tub and alwas got several grams of gold.

je ne comro pa francais.
Comprende pocito espaol.
mil gracias.

The disorder in the floating debt currency system and resultant economic loss and social and political turmoil seem to have everyone's attention except the bankers, who are, according to you, concentrating worldwide on how to dispose of gold in an orderly fashion without panicing anybody. It is a bit peculiar since, objectively and realistically speaking, gold is not a very large portion of any central bank's assets, and converting it to T Bills cannot be expected to make that much difference to a central bank's balance sheet and "earnings" statement. So, all the time and attention being devoted to the topic is not to scale with the objectives. I only think it is realistic to notice this disproportion.

I suppose so long as the central bankers have a government enforced monopoly and imagine they will never have competition from a private bank alternative, disposal of gold would seem logical to them. This is not the first time in history that people with guns have used them to compel other people to accept their printed paper as payment. We shall just have to see if terror is a sound foundation for banking.

REF: Suspicious ( Real Market Value based on Historical averages )

Excellent post -- all prudent investors are obliged to agree. But an old Wall Street adage leaps to mind: "A trend in motion overrides ALL facts, arguments and reasons." Nonetheless, as Solomon reckoned, "THIS TOO SHALL PASS AWAY."

Just yesterday I wrote a friend in Ca to check appropriate creeks and rivers for the new load of gold brought down by the floods. Here in N.C. the real prospectors always go back to the flooded waterways for new stuff. We have a saying- a frog strangler is a possibility, but a nugget roller is good. We have very few floods like Ca, but if you can recover the frog hair stuff it pays to go. You know-Great minds etc. Enjoyed

Your earlier post said: "At an Australian Gold conference yesterday there was talk about a plan to auction European
Union bank reserves. The auction is expected to take place after the EU decided what
reserves to hold and by the very nature of the plan its clear they expect more supply to flow
to the market! One thing the plan would do is force central banks to go through the main bank
before announcing sales over the next few years which would make liquidation more orderly."

First, I wasn't aware that the EU had even decided to hold gold reserves.

Second, does it make sense that members would contribute more gold than the amount decided on when it is decided?

Third, Does it make sense that countries like Germany and Belgium will let go of gold in order that it be sold by the EU when they will not let go of it themselves?

Fourth, Can't the buzz you are hearing be accounted for by the naturally occurring problem ( for the EU ) : How the hell are we going to control the member central banks' gold positions? "lets make them transact everthing through the EU CB. Think this will work?

I agree with you.

No direct relation. My Grandfather was a big industry boss in Germany. 1941, when my
parents fell in love he advise them to love each other but not get married because we would
loose the war. My father was a young and ambitious army officer and just laughed. They got married soon
thereafter and my brother was born. Then the war was lost and was was born in 1947. My granfather shook his head and cited Shakespear's Hamlet
( which I can't translate exactly ) "And although it is madness there is yet a method behind it" This caused my father to give me
my name.

Hello Mozel, thanx for your post, which I have to digest a little more
I must admit that my German is better than my Kitco English

There was a day when I could have written it in German, but no more.

Hello John, and thanks for your post. I will be changing some of my more speculative gold stocks into ABX which seems to be quite solid.
What do you think my most unsolid shares are? I hold AEM, AU, CBJ,East Rand Gold, GGO,North Am Palladium,
NEM,PDG, SWC, SSIRF, Newcrest Mining, EN-T,FN-T,TVX, Randgold +CNPGF ( which was favored by Mike Sheller ) ?
Merrill Lynch is offering a Gold Put Warrant running until 14.Dec 98 with a strike price of 275 and a leverage of 64 times. Do you think this is a valuable medium term hedge for Gold shares ?
Do you think - re: the Canadian Bullion Connection - that Lloyds will also cover German confiscation risk ? What do I do when Lloydds crashhes with the crash ? What do I do if I sit in Germany and are not allowed to travel to Canada nor my Bullion are allowed to travel to me ?

( A fool can ask much more than a wise man can answer )
Your input is highly appreciated.

Iran-Contra, Mena, et al. are off the subject but a fascinating affair. I have an uncle who flew for Air America since its' inception ( actually started with its' predecessor Civil Air Transport ) . In the early '70's I came close to signing on to fly for them as well but a "change of life" precluded such a choice. After "retiring" from Air America my uncle ended up purportedly flying for an "oil company" in Libya in the late 70's/early 80's before things got "hot". Next, he was in the Sudan flying for another "oil company". One of his "loaders" there was Eugene Hasenfus who was the fellow captured by the Sandanistas when a C-123 was purportedly "shot down" by the Sandanistas. The pilot, Bill Cooper, was one of my uncles very good friends.

In 1988 I met a fellow in Nairobi, Kenya who was in the country bidding on a Kenya Airways DC-9 for sale. This fellow and I found out we had several mutual acquaintances in the aviation industry. When I shared with him some of my uncles experiences and acquaintances including Eugene Hasenfus and Bill Cooper, he became very quiet for a prolonged moment. He finally shared with me that he had flown for the "State Department" in Central America during those years and that he and many others on the inside were convinced that Hasenfus had been bought off and had bailed out leaving a bomb behind which brought the airplane down. I had shared this news with my uncle who was disbelieving. In 1995, I read Terry Reed's book "Compromised:Clinton, Bush and the CIA" in which he recounts an episode when he was told the same story by a fellow purported to be an Israeli Mossad agent. Reed's book is a fascinating account which in many respects is believable and quite frightening in many respects. It is extremely difficult to sift fact from fiction in such accounts but the gist of it all is quite believable and sheds great insight into Arkansas politics and Bill Clinton. Terry Reed makes a credible effort to document the major details of the story which adds to the value of the reading for those who are interested.

What does this have to do with the price of gold? Directly, not much. It does point out the concerns that many have with the character of our President and other aspects/individuals involved in running our country.

May silver dropping fast. Down to 6.11

defy all logic...~~~~~~~~~~~

and FSR and CFB are hanging tough and inching up. I can't wait for the next little run up in the price of silver. I am going to play these two stars all year long.

March 6, 1998
Fed denies reports of Greenspan health problem

WASHINGTON ( Reuters ) - A Federal Reserve Board spokesman Friday denied unconfirmed reports that Fed Chairman Alan Greenspan was suffering health problems. "There is absolutely no truth to it," spokesman Joseph Coyne told Reuters.

He was referring to reports in European financial markets that Greenspan had suffered a serious health problem. The rumors briefly had an impact on the dollar, traders said, but markets quickly calmed down after the Fed issued the denial.

The central bank chairman turns 72 on Friday.
Greenspan -- who last appeared publicly on Wednesday when he testified on the budget and the state of the U.S. economy before a House of Representatives panel -- suffered a cold two weeks ago.

The brief illness forced him to cancel a weekend trip to London where he was scheduled to attend a meeting of finance ministers and central bank heads from the Group of Seven top industrial nations.

But Greenspan apparently recovered quickly and appeared in good health just days later when he gave his twice-yearly Humphrey-Hawkins report to Congress on Feb. 24-25. "He's practically over that cold," Coyne said.
At this time, the Fed chairman has no public events scheduled for the next few weeks, he added.Greenspan became the 13th chairman of the Federal Reserve Board in August 1987.

Whoa - On Bart's 24 hour spot chart Silver has just dropped like a rock and Gold seems to be following! Don't shoot. I'm just the messenger!

Donald, just wait and see Warren buy shares of UBS and have Andy on the carpet.
Andy has to be one hell of an expert to tell Buffet what to do. Or is he sweating it?

I think not just another chance to dig in and show it's remarlable
abilty to not move down,anymore I hope I~~~~~~~~

some really bad news for paper coming out soon...this looks like a preemptive strike ... anticipating some announcement ... like GE's earnings for example...huh...!!!!

Congratulations To: ( I really don't believe this myself ) HAMLET! The first copywrite post at KITCO!

All one has to do is correlate the happenings after the events and conclude their is manipulation/conspiracy.
Your opinions will be missed, and as for Commies, they are probably more human than those Capitalists bastards who send our kids to war and then tranfer their future jobs overseas.

Tommorrows Possible Financial Headlines - WSJ - Buffet's Buy Bombs! or London Times - Buffet Backs Off And Dumps Silver Load Down the Loo!

Congratulations on copywriting Reuters.

Go figure eh! Now what ?

Reuters/Canoe/Greenspan. Will that make it right {:- )

http://canoe2.canoe.ca/ReutersNews/ECONOMY-FED-GREENSPAN.html

You remind me of my going gold panning 30 years ago with my dad - around Charlotte ( where I live ) e there is alluvial gold in all the streams, but almost nobody knows about it. We never found any amounts worth going commercial, but it was ( is ) very easy to catch a few flakes in just about every pan.

davis@crusader.bac.edu

Just an observasion,clicked on the silver graph and noticed
the big drop was on the close in London,must have been some
big rumer to get that kind of a frenzy going,got to love
that movement what goes down can go up.

As expected, a lack of immediate deliveries made Silver succumb to the renewed overall bearish attitude towards the precious metals.

The first big wave a buying several months ago came in at around 520 to 540. Will those who have been patient enough to hold for the long term since then continue to hold on?

May silver 6.07

Did you email Jefferson Coin and Bullion? If not please got to

http://www.jeffinc.com and send info to ATT-Russ Savage

Thanks

I'am also guilty of gratutous slants at commies,then again I'am from Rhodesia,however don't get fooled capitalist ( Trans National Corporations ) are just as evil if not more so,communism takes from the productive,TNC under the guise of free enterprise is bent on destroying US sovereignty,so who is worse ?

I'am also guilty of gratutous slants at commies,then again I'am from Rhodesia,however don't get fooled capitalist ( Trans National Corporations ) are just as evil if not more so,communism takes from the productive,TNC under the guise of free enterprise is bent on destroying US sovereignty,so who is worse ?

I knew Korea had something to do with it.
http://www.infobeat.com/stories/cgi/story.cgi?id=2553223148-8ad

It's like witnessing Creation in reverse.

Gold complex holding up very well considering silver smash and dollar rally. Best never to forget that gold is near 18-year lows, while silver still is far above the trough.

USA gold reports the Czech CB sold 25 tons of gold which had been on lease. More of this likely as the the cutoff date for the EU approaches. Bottom line -- a sustained move above $300 will be very difficult until the cutoff. But after that, things may change radically.

You are right that few know about the gold. For those who do, they have a poor recovery system. In my experience the stuff goes from the edge of the coastal plain all the way west. I'm in Morganton and a few of us have worked out a good recovery for the frog hair. If you're still interested , let me know and I'll get you into some good creeks. Mucvh more, but too much to post. My phone is 704 433 6473. email is cdevoto@conninc.com - weather should lighten up in next few weeks. Thanx

According to CBS marketwatch, silver now UP 12 cents and gold up $1.40.

Correction: Silver down 24 cents and gold up 70 cents.

I'm having trouble posting the URL so comments from Reuters were as follows:

"Gold for London delivery is very tight and there are a number of theories about why that should be so," one bullion dealer said.

"A european central bank withdrew some liquidity from the gold lease market last week, but there is talk of a a final ECB sale before the May decision on ECB gold reserves is made, so gold may be being borrowed to finance the sale," he said.

"Alternatively there is the possibility that gold collected for sale in Korea has already been sold forward for London delivery and needs to be financed, while the collected gold is at the refinery."

I have a couple questions that have not been addressed here, as far as I know. I think we all agree that the US markets are poised for collapse and two senerios have been discussed on this forum as the final course of action i.e. deflationary or inflationary climates. My questions are what will happen to the other investment vehicles under each senario? Government bonds of all types; do we see the government defalting, even on EE savings bonds. This subject relates to PM's in that maybe some investments should be realigned to protect our liquidity.

Old Gold: Am I right that there should be no effect on gold prices if gold that is already leased is sold? I presume 'leased' means loaned. If so, why announce the gold sales, except to push the price of gold down by psychological action? The question I have is -- why does anyone want the price of gold to go down anymore, unless they are speculating, or someone is worried about the US dollar?

Message sent as you requested to Russ Savage.

The cheaper it is, the more I can buy.

JTF: Here is the report from USA Gold. If the CBs are calling in their leased gold so they can sell same, that would explain why the price has not changed much since lease rates began to rise recently. May not be too bearish, but sure isn't bullish short-term.

3/6/98
CURRENT
CHANGE
GOLD

295.30
+ 1.90
SILVER
6.34
+ .07
PLATINUM
383.00
+ 1.40
LBMA CLEARING TURNOVER ( DAILY AVG )
37.5 MIL OZS. ( 1/98 )
- 6.2 MIL ( mo/mo )
COMEX GOLD STOCKS
480,814
- 96




MARKET UPDATE ( 3/6/98 ) AM-----Gold came out of its four day funk to register sold gains
this morning as lease rates climbed again in London ( to 3.25% ) and jobless numbers in the U.S.
reflected an over-heating economy. Reuters reports contracting liquidity in the physical gold
market. In Hong Kong overnight Japanese buying was encouraged by a dropping dollar and the
announcement by the Japanese government that they would be willing to pump one trillion into
their stock market if it started to cave. While the Japanese share prices reacted favorably at first
blush, there have to be those in Japan that understand that this money is not going to drop out of
the sky. Japanese citizens will be the ones paying for this bailout whether it be through increased
tax rates or inflation -- either the bailout will not come without its cost to the taxpayer. In Europe,
gold was up broadly due to strong buying in London reportedly resulting from short covering
before the weekend. One London dealer called the market "still very short". The recent for the
recent mild doldrums in gold came to light in this morning -- the Czech central bank sold off 25
tons, according to this same dealer. He offered the Czech sale as one reason for the tightening
lease rate market. Apparently the Czech bank was previously a lender that became a seller. Reuters
reports that those preparing for membership in the European Central Bank are calling in their
leased gold in preparation for its launch. "I do not think we are going to see that there's been a big
sale," said this source, "although it appears some of the funds have started selling again on the
basis of that. I think that's a mistake." This statement verifies our contention published here
yesterday that the recent downside had more to do with short selling than anything else. The
twenty five ton sale by the Czech bank is a non-factor from a supply-demand point of view but it
may have a psychological impact depending upon whether or not other small banks intend to
follow suit. Silver's taking a beating as we go to fetch this over to the server. The yen's getting
hammered as well. Gold could turn to the downside yet today. That's it for now. We'll update
later if anything interesting surfaces.

Silver now down 29 cents and gold up 80 cents. VERY INTERESTING ACTION.

Though I usually don't post very often I have been hanging around here for about two years now. The most memorable time I can remember was last year around this time when there were posts from Big Trader getting us all excited about investing in gold. Then on the day it was suppose to skyrocket, it tanked. While gold was dropping, there was a post from Big Trader that read, "SUCKERS!" Does anyone remember and do you think that was really him that posted?

Anyhow, we have all had a lot of ups and downs, and many times feelings like the gold bull was reborn, only to find that it has not. There was a lot of disappointment during the great gold rush of the old west also. But there was wealth to be found also, as long as you knew the difference between the real gold and the fools gold.

However this time really does feel different. Without getting into technical indicators so much and using probably the worst trading indicator possible, ( the seat of my pants ) . it feels different this time. These weekly swings are typical of bull or bear markets changing direction and I have a feeling that BIG BIG money is stocking up on their precious metals. The price drops now are just speculators thinking that its just going to be more of the same.

These short speculators will have to get burned a couple of times before they realize, things are different. Who knows where we will really go from here but I just have to say once again, "something different," somethings up!" Someday it will be our day to say that it's a new paradigm.

As I peruse the posts here and the news from around the planet in general, I am constantly reminded of how the behavior of rats has been altered and observed and compared and equated with the behavior of humans.

STRESS is a major component in all our lives.

In my mind's eye as I think on the gold and silver upon which I have expended the fruits of my endeavors, I sometiomes wonder have I backed another losing horse?
In my musings, my heart hurts as I conjure up the images of future generations not so enlightened as we.
Grandchildren in particular.
We can't do it for them-- we can only make provisions for them and hope they will concur in our assessment of what is to be done.
Damnit!!
The big rats are so greedy they want to corner the market on everything even resembling gold and silver and any other form of wealth. Probably even cheese!
Recent happenings merely add to the validity of might triumphing over right, even if only temporarily!
Called my metals broker and he has not heard of the Dinar. Guess we here are among the favored few when it comes to info USG wants squelched!
enuf.
adios!

To hear these experts in the employ of bankers and brokers rave, you'd think that they mined paper and printed gold and silver..........and the public buys it.

And I thank you.

PRESIDENT OF QUEENSTON MINING TO GIVE PRESENTATION on monday at the prospectors & developers conference in Toronto Canada . This is a company to keep your eye on. Check out the amount of gold they have discovered . Their web site is www.queenston.ca RENO GAMBLER

1 ) CB's probably have to announce any gold sales, but not gold loans,etc.

2 ) Perhaps the Europeans are setting up to buy a boatload for the new European Central Bank.

I find it fascinating that the gold spot price does nothing, and it is silver that spikes down.

StrongMan: This does feel like a bottoming PROCESS to me also. I suspect we will see more of this violent up and down action before a decisive breakout develops. But the relatively good action of the gold stocks this week and the ability of the yellow to shrug off another silver smash suggests big changes are afoot in the not too distant future.

If this gold bear has taught us anything it is SELL ALL RALLIES. And the stronger the rally, the better the sale. But when the turn comes, it could well take the form of a huge rally in a one or two day period that leave most potential bulls too scared to buy. And then after a mild reaction, the price will start to skyrocket in a major way. Comments on this scenario are welcome.

Gold to blast to the hemispheres next week. Looks like I am gonna wear
my 3 week call and shorts left wearing a G-String thats getting
tighter and tighter. In the words of a forgotten Ausie, .......

I luv youze all, and susan took me down to the.................
well thats Anothers story which youze will hear about!

Goverment run out of cotton wool for ears., VIVA LA BRA

FU%K OFF RTZ or should I say CRA, Thats CRAp...................

Old Gold: Appreciate the USAgold post. I feel that I should get a white table cloth, candles and dim the lights when I eat my lunch in front of the Kitco screen -- all of those copyright italics seem to add class! Feels strange, though!

DA and RJ: I'm sure there are many here who would welcome any insight either of you could give as re: the silver action.

I've always avoided derivitive type investments like the plague, over the last few years anyway. I've got substantial holdings in physical silver at the moment, but now I'm tempted to consider options..... I really like silver below $6.20 as, IMHO, downside risk is quite limited relative to upside potential short moves...AND long moves.

Now, does anyone have a recommendation as to a good brokerage who trades metals options with low premiums and comissions? Last time I traded silver options, ( around 1980 ) I remember how difficult it was to overcome the high premiums & comissions, well nigh impossible at the time.

In fact, I recall having calls that were 6 months out, strike price of $14.00, calls purcahsed when Silver was at $10.00, the market moved my way for months, reaching just shy of $14.00 ( almost a 40% gain ) well before expiration, and all I got was a break even on the things! Yes, I must have been using the worst brokerage around, the comissions were something like 30%, and the option premium were quite high at the time due to market volatility...

Anyway, any recommendations? Here's an e mail address for private comments, much appreciated in advance "mikee767@aol.com"

Folks you might want to be careful in copywriting other peoples work.

Oldgold take a lool at your USA post

OldGold, may I second your 13:23 motion....

waiting for a bear to turn to a bull. When the bull move starts, I bet most will not believe it and quite a few will sell out far too early. Higher leasing rates indicate something is up short term. Hopefully, it will be a strong move up. I doubt that Buffet bought the silver for a short term play. More likely there are some very well-heeled investors looking at the PM situation and accumulating now.

How much longer do we have before we see significant Year 2000 Bug-related effects on our financial systems? I have debts that probably won't be paid off before the crap hits the fan. What form of precious metal would be most advantageous to own if I did get back to zero and could afford them then?

Take a long hard look at CFB and FSR - essential in this is that they are thinly traded, when silver heats up they will be highly volitile and offer strong leverage.

Just an option on options and futures IMVHO

ON a futures contract will be between 25 and 75 dollars
round turn ( total price includes in and out ) many brokers
have online sites ,Ira Epstein's seems to be good also
Lind-Waldock,etc many others ( comex silver cont=5000 oz )
sure you know most of this just in case,Good luck

All--Central Banking Index G offers over forty-odd articles regarding Gold--a few of the titles for your delectation:
1 ) India sends 25 tonnes to Bank of England as security; 2 ) gold franc value of the Swiss franc; 3 ) The Soviet gold drain ( article by G. Skorov and R. Pringle )
5 ) Baltic states want their gold reserves back...
6 ) ...Baltic gold to be returned
9 ) Gold in the international monetary system ( article by T.R.G. Bingham )
10 ) could it solve the Euromoney muddle?
14 ) Chris Stals on the role of gold as a reserve asset ( at the City of London central banking conference )
15 ) Robert Guy on central banks love/hate relationship with it ( at City of London central banking conference )
16 ) Gold regains its allure

18 ) CHINA STILL HOARDING GOLD

19 ) Reserve Bank sole seller of South African gold bullion output
20 ) an embarrassing mini gold rush in China
21 ) Central banks and the London gold market ( article by T.R. Smeeton )
29 ) dramatic drop in gold sales during 1994

33 ) GOLD LEAVING THE FED

and so on...a goodly number of thoughtful, interesting, speculative, informative writings on something that we are asked to believe is dead
http://www.centralbanking.co.uk/IndexG.html

Easy to push silver around. The present price is still very cheap and many of the LARGEST corporations use it and want to make sure the price doesn't get -to far- out of hand.

If the price got -to far- out of hand, the GOVERNMENTS would definately not like what it might do the gold price because that puts suspect on their PAPER.

Putting suspect on worthless IOU nothings would be the first step to a Sovereign World Order, where the people of each land make their own decisions on how to achieve their own destiny.

Thanks to both for recomendations, yes Tolerant I'm considering adding FSR, I just rebought some SSC finally, yesterday, so maybe a little FSR would be a nice, extra leverage play there. Been watching it ever since our SSC/FSR debate.

To add to the posts on how expensive stocks are relative to their historical averages, how about this one:

With the S&P 500 at 1052.85 ( just now ) and gold at $295.00 ( also just now ) , the S&P/Gold ratio is 3.57, the highest this century. It is 130% higher than the absolute peak day in 1929 ( 1.55 ) , and 27% higher than the absolute peak day in 1968 ( 2.80 ) . We all know what happened after those previous peaks were attained.

Gold goes up a buck. Whoopee S&*%! Two years waiting for a decent slump in the market so I felt comfortable taking a bigger position and always too chicken thinking it's just around the corner. I'll go in and lose. It will wait until I give up on gold, so I'll post when I do, so y'all can take a bigger position in gold. If it wasn't for bad luck I'd have no luck at all...signed Dear Abbey.

Tolerant1, LGB etc.: I concur re FSR and CFB; I hold both plus SSO.

Anyone know of a reputable and fair-pricing dealer of the
1997 US Liberty Eagle $100 Face Value Platinum coins?

is due, the GOLDBUG, one of the most straight forward, honest newsletters out there, no if and or buts about it.

Please consider this a blatant plug to get his newsletter. I have learned and earned much from it.

for jcw
The mena story was fascinating. I would expect
anything from a guy with a name like hasenfus.

for all anylysts...
The gold silver ratio is 48. The most recent prior
high was was around 48.5. If that high is broken we could see
something interesting happen .. The high before that
was around 50.5. If that little number breaks ..
we could see something REALLY interesting happen.

For realistic..
You used to scare me. Now you dont.

To all Islamic dinar people ..
If this coin is being manufactured here, it is being
done without the consent of Ibn al Crus'ti, and will
not bear the Crus'ti seal of approval
Al'lah O Akbar

Somebody is playing this one big time!

All it takes to become a respected "analyst" these days, is to find some other folks original work on the net and plagarize it. A sad state of affairs, but there are so many "sheep" out there searching for a "shephard". May better "shephards" emerge before they all go broke!

The ANOTHER phenomenon is a prime example. I've watched with incredulity as this "mystery" poster who has no identity, no accountability, no peer review, etc etc. becomes more amd more revered here. And now his public posts become the centerpiece of an "Analysis", being sold as a serious paper for a substantial fee!

Just goes to show how desperate we must be for the "magic bullet" of knowledge from ANYWHERE, that we can use to help make our investment choices.

Now in a separate vein, is there anyone else out there, who becomes nauseated every time a "Scudder" mutual fund ad comes across the airwaves? The whole jist of their current ad campaign, goes something like this;

"Are you a mindless. thoughtless, airhead with no market knowledge, no experience, no research, and no idea what's happening? And you'd like to now invest some bucks in the market? Great! We can offer you shallow, useless, baseless, worthless platitudes that having nothing to do with economic conditions or future prospects for the market, ( you know, buzzwords like "risk tolerance" ) so you can make your most important life decisions re your retirement future and feel as if you're in good hands!! And we'll talk real friendly and folksy to you about fishing and stuff as we do it!!, Call today...."

There are enough poeple like me that are going to take money out of the banks, and get out of the stock market, to cause problems. The only thing we have to fear is fear itself, but fear itself is something to fear. This could in itself cause a major stock decline. I predict gold will hit close to 500 by early 2000.

http://biz.yahoo.com/finance/980306/banco_de_m_1.html

http://biz.yahoo.com/finance/980306/sweden_ban_1.html

Some one queried CaCa and Merd ( e ) ..

They are indistinguishable ( sp?? )

Speaking of merde ...
How many Americans would know the name of Robert E Lee's Horse.?
How many Americans would know where Samual Barber went to University?
How many Americans would know who John Jacob Niles was ?
How many Canadians would know who Glenn Gould was ??

Even the recent strength in the $U.S. can't seem to push it below it's 24 & 50 day mvg avgs, but I can't pull the trigger again until the $ backs off. Then POG should break above 300 decisively.

Some one queried CaCa and Merd ( e ) ..

They are indistinguishable ( sp?? )

D'ya mean from anything , anything else or from one another?
( %+^] ) [

G'day Bill. You are welcome to quote the 'Antipodean Contrarian Newsletter' all you want, mate. We are, however, still awaiting the $10 001/annum subscription fees from everyone else.

Congratulations OLDMAN and APH on your stock market calls. But I suspect ( and hope ) that your gold projections will not be as successful.

March 6, 1998
Indonesia issues silken threat on IMF funds

Mar'ie made the silken threat in a statement issued as markets worried that President Suharto was showing little sign of implementing reforms prescribed by the IMF in exchange for the bail-out.

At a rate of 12,000 to the dollar, the battered rupiah was down some 25 percent in the past three days and has fallen about 80 percent since July last year, when the region's financial crisis began.

The plunge has led to soaring prices and riots in a dozen towns, a sharp rise in unemployment and a huge private debt crisis.

It is the most ravaging economic crisis in the nation of 200 million people since near-bankruptcy three decades ago.
http://canoe2.canoe.ca/ReutersNews/INDONESIA-IMF.html

Try http://www.currencyexchange.net/ftx4.htm E-Mail Michael Levy, I bet he can help you. I have done business with these folks and visited their business. Very old and reputable business.
For those who might prefer to hold your gold offshore Michael can ship anywhere in the world. This business is in Canada near Vancouver. Pleanty of Banks near Michaels business with safe deposit boxes. No reporting of offshore Safe deposit boxes is required by the U.S. government.

http://www.ai.mit.edu/people/wa/knowing.html

How Do I Know If I'm a Workaholic? ( MAY APPLY TO GOLD BUG )

1.Do you get more excited about your work than about family or anything else?

2.Are there times when you can charge through your work and other times when you can't?

3.Do you take work with you to bed? on weekends? on vacation?

4.Is work the activity you like to do best and talk about most?

5.Do you work more than 40 hours a week?

6.Do you turn your hobbies into money-making ventures?

7.Do you take complete responsibility for the outcome of your work efforts?

8.Have your family or friends given up expecting you on time?

9.Do you take on extra work because you are concerned that it won't otherwise get done?

10.Do you underestimate how long a project will take and then rush to complete it?

11.Do you believe that it is okay to work long hours if you love what you are doing?

12.Do you get impatient with people who have other priorities besides work?

13.Are you afraid that if you don't work hard you will lose your job or be a failure?

14.Is the future a constant worry for you even when things are going very well?

15.Do you do things energetically and competitively including play?

16.Do you get irritated when people ask you to stop doing your work in order to do something else?

17.Have your long hours hurt your family or other relationships?

18.Do you think about your work while driving, falling asleep or when others are talking?

19.Do you work or read during meals?

20.Do you believe that more money will solve the other problems in your life?

G'Day Nick @ C~~~~~~oh yeah,Go Gold!----away to destroy the chirping smoke alarm...

IMHO, as also presented here earlier we are seeing higher lows being put in. We can see this not only in Gold but in other Commodities and related funds.

Check the Charts:

Gold and other Hard Assets ( includes OIL! ) :
http://www.stockmaster.com/sm/trmf/G/GHAAX.html
http://www.stockmaster.com/sm/trmf/G/GHACX.html
http://www.stockmaster.com/sm/mf/G/GRFRX.html
http://www.geocities.com/WallStreet/5969/agpm120.htm
http://www.geocities.com/WallStreet/5969/agpmlt.htm

Bonds appear to be topping out:
http://www.stockmaster.com/sm/trmf/O/OPCAX.html
http://www.stockmaster.com/sm/trmf/O/OPIGX.html
http://www.stockmaster.com/sm/trmf/R/RCVAX.html

We also have the double wammy hitting tomorrow of maxed out labor cost, while corporate profits are dropping. The Construction Industry, especially home building is really cranking at record levels this drives all industries, from plastics to dirt. If you believe that AG can raise rates in the face of deflation and potential market crash of remaining positive economies you may be right.

The point is:
If the Fed raises market collapse across the board.
If the Fed lowers rates hyper inflation in the US dollar will be damaged.
If the Fed stays, no increase, the US housing market will build into a collapsing market.

IMHO it is a no win situation. Every where you look everyone is practicing damage control. AGAIN, there are to many loose cannons rolling around on the deck. She is about to blow.

HighRise
_____________________________________
A Repost:
Date: Fri Mar 06 1998 13:56
fergie__A ( S&P 500 valuation--in terms of gold--at record, too )
ID#324209:
To add to the posts on how expensive stocks are relative to their historical averages, how about this one:

With the S&P 500 at 1052.85 ( just now ) and gold at $295.00 ( also just now ) , the S&P/Gold ratio is 3.57, the highest this century. It is 130% higher than the absolute peak day in 1929 ( 1.55 ) , and 27% higher than the absolute peak day in 1968 ( 2.80 ) . We all know what happened after those previous peaks were attained.
_____________________________________
Thank you Fergie

AND THE DOW IS AT +125 with the S&P +20

HighRise

...it's very important now to understand the position of Portugal, because Portugal had an alliance of Great Britain, which is usually referred to as the oldest alliance because it dates from 1373. And it was a cornerstone of Portuguese foreign policy ...

The British knew that whenever vital interest was at stake, they could invoke the alliance and Portugal would comply.
http://www.cmep.com/usgov/usgov11.htm

Just an interesting scrap to ponder...

The smoke alarm just died a quick death!!

One month gold lease rate up a wopping 50 basis points today; longer-term lease rates up just slightly. This suggests heavy short selling by speculators. The fact that gold staged a decent advance today despite a collapse in silver, a surging dollar, and heavy short selling suggsests that the tide MAY soon turn decisively against the bears.

Buy a deaf parrot, it won't talk, but will scream bloody murder when there is too much smoke in the house.

Hey Kitcoites,

Did anyone else notice the article on p. 25 of the Financial Post: 'Indian Demand Drives Gold Consumption to Record?'

Any comments?

Steve

Been going down so long, seems like up!

( ABX@ Looking good )
http://quote.yahoo.com/q?s=abx&d=b

The chart matches others, looks like a bottom has been established?

If POG pops above $300 decisively ABX may pop to 24 quickly.

Check the longer term charts like the 2 yr big chart.

HighRise

I wonder how I might go about setting up a long position in oil to take advantage of the recent low prices.

blah blah blah blah blah blah blah blah blah blah blah blah
blah blah blah blah blah blah blah blah blah blah blah blah
blah blah blah blah blah blah blah blah blah blah blah blah
blah blah blah blah blah blah blah blah blah blah blah blah
blah blah blah blah blah blah blah blah blah blah blah blah
blah blah blah blah blah blah blah blah blah blah blah blah
blah blah blah blah blah blah blah blah blah blah blah blah
blah blah blah blah blah blah blah blah blah blah blah blah

"For anyone who likes to ramble inanely at length, the new headers should at least be helpful in making them feel important."

Thanks Bart!

"Sell all rallies" I have to reluctantly agree with you. This is a piss poor market, that can't even manage an occasional $7. + rally.
The idiot europeans are still bumbling around with no clear policy announced on the ECB Gold reserves. THIS IS KILLING THE LONGS.
Is this how they plan to instill confidence in their new currency???
Im getting the feeling that there is a good chance they will will manage
to blow the Euro.
Meanwhile nothing can stand in the way of the DOW bull.
Looks like this pain will continue until there is a change in the visible actions of the various CB's that control the market with their
leasing, lending and selling.
This is not an enjoyable market......

6pak: What do you call it when you take your work seriously and take precious metals investing periodicals to bed? Workagoldaholic?

Couldn't resist!

Buy some real estate in Saudi Arabia.

HighRise

ZIVA - you might want to take note of JIN's 3:15 post. He requested that you contact him at the enclosed E-mail address.

Leonoid Showers: This space shower of fine debris from a comet is scheduled to pass around the Earth on November 17 and 18, 1998. It is a once-every-three-decade phenomon. A good article appeared in the March 1998 magazine THE SCIENCES. Potential to disrupt communications satellites, etc. You might want to mark your calendars.

I'll drink-smoke to that~~~~~~~~

A flock of Canadian geese are flying past ( headed North ) ~~~a little early I'd say.....

Good idea my friend as smoke alarms & MOI do not mix...It is now in pieces thankx to my hammer

I am well convinced that the tide is turning. You might even call this the beginning of the golden El Nino. I would not sell or buy any metals right now, but instead just sit back and enjoy the ride with the metals you already have. The next two years are going to be very interesting, and I for one will be watching all the news to see how it all plays out.

Have a good weekend everybody!

Oh... they're the ones getting a return on their investments?

Gold stock volume modest today, so no big surge azppears to be imminent. Nonetheless, the action of the gold complex today was very encouraging indeed. Especially after the miserable action earlier in the week and the raft of bearish invective on this thread of late. But until we get over $300 for good, the bulls will remain on the defensive.

http://www.businessweek.com/premium/11/b3569168.htm

For aj

If you answer my four questions, all will be revealed.

http://www.theAtlantic.com/atlantic/issues/98mar/misquote.htm

Central bankers' agenda is changing. What is happening in Japan is instructive. The Bank of Japan was the first to face the far-reaching
implications of asset price inflation - the Bubble Economy - followed by a stock market collapse. The fall of the Tokyo Stock Exchange in 1989-90 was quickly transmitted through the effects on the banking system to the real economy. Because of bad debts and inadequate collateral available to borrowers, Japanese banks have for many years been unable to perform their proper economic functions of providing working capital or loans for longer-term investment. A crippled banking system has severely hampered the recovery of the real economy, as highlighted in our interviews with
top Japanese business leaders ( see pages 25 to 30 ) . South-East Asia is teetering perilously on the edge of the same abyss.

It would not be surprising if central bankers elsewhere soon have to deal with similar problems in the wake of a fall in world stock and bond markets as interest rates rise. In preparing for this possibility they should not overlook the experience of Japan - or of Finland, where former Bank of Finland governor Kullberg became a victim of an episode of asset price deflation; see the review of Kullberg's book defending his record in this issue.

Central bankers have been very lucky - or perhaps very wise - in persuading politicians to give them freedom to pursue one
well-defined and attainable objective, thus removing from them the burden of formal responsibility for what happens in the financial markets and the real economy. But they know that they will only retain their independence to run monetary policy if they seen to be helping to manage these other problems.

Dow/Gold Ratio = 29.10 This is a new high for the 118 years that I have records. Last week the reading was 28.62

There is nothing unusual in current Gold/Silver ratio except that it is still very low. Please look at the chart starting from 1990

XAU/Spot Ratio = .254 ( A week ago the reading was .252 )

Gold/Silver Ratio = 48.51 ( A week ago the ratio was 46.05 )

Wanta see a mostly GREEN screen go here
http://www.dbc.com/cgi-bin/htx.exe/dbcfiles/SOAFRAt.html?source=core/dbc
What issa goin on- SOMEBODY ISSA BUYIN GOLD SHARES.

The REAL question is WHO bought all those BONDS, especially on a inflation news day??

Blanchard is playing it too conservative with his message, this is the TURN year but the potetial is much more that eluded to in his letter.

Tally Ho

General, your 14:09
RJ at Monex had an inventory of 1997 Platinum Eagles last time I talked to him. At that time he was not charging a numismatic premium ( about 3 weeks ago ) . F. J. Vollmer & Co. in Bloomfield Illinois, is another very good source for all your bullion needs. They consistently seem to have the best buy and sell prices. I have done business with Vollmers for years, albeit, mostly firearms. Never a problem.

Gold for the good guysGMJ

All:

Inflation in the USA

I think D.A. is correct about the inflationary trend in the US, simply because there is no SEAsian goods Tsunami. Production in SEAsia appears to be dropping due to the loss of liquidity. However, we may get flooded with cheap goods in a year or so, if these empty factories are restarted.

The expansion of the money supply, and rising labor prices will thus dominate in the USA over the next 12 months or so. The ElNino disruption of crops will also push up commodity prices.

Expansion of the Money Supply in Europe.

I suspect that the EURO 'certification' deadline of April 31 will presage expansion of the money supply, simply because Germany, and France need to stimulate their economies -- as well as counter deflationary threats -- just as we in the US have had to counter them. The EURO will then not be launched under ideal conditions on 1/1/99 because the Mark and the French Frank will be fairly weak. Under these conditions, it would seem that the US dollar would remain relatively strong for some time, relative to the German Mark and the French Frank.

The only mystery in all of this is the need to launch a strong EURO, and how much gold will be bought to prop up the EURO. Probably this buying has already quietly started. I suspect that the Europeans have bought a large quantity of dollars with their gold loans/gold sales. It is possible that they will sell their dollars in large quantities. To strengthen the EURO, while inflating their currencies. That will work only if dollar sales are very extensive.

So -- my guess is that the only way to make the EURO relatively strong, in the light of having to expand the money supply in Europe at the same time -- is to dump dollars. That will be bullish for gold and oil.

--- I think the next 6 - 12 months will be very interesting, IMHO ---

S&P 500/Gold ratio closed in record territory today, too, at 3.585. This is 130% above the previous peaks in 1929 and 1968, by 130% and 28%, respectively. Yikes!

Are you interested in tracking this ratio, too?

Post should have read: ...above the previous peaks in 1929 and 1968, by 130% and 28%, respectively.

Sorry, Fergie

Anybody ready for $10.00 oil? 5% T-Bond? $200 Gold? $100 Hi-FI Vcr's?
$500 computers? ASIA WILL BRING IT TO PASS!

Ted-u get Halifax Herald-Heard today-don't know which edition-big article
on the stench in Our Casino-Sydney-people not wanting to leave VLT's
using coin buckets as honey buckets or pissing their pants & that apparently sales of adult size pampers have shot thru the roof in the
Industrial area. Have to get a copy of that article. Am gettin' outta
gold & into pampers. No laughin' matter ( well a little bit ) . Am hearin'
big-big problems with a lot of people. I know early this A.M. there was
a big line up outsie to get in.

Jim Rogers just said that S. Korea has 154 Billion foreign debt today and only 8,7 billion in reserves. $50 Billion coming due in a couple months! Now how they gonna' pay it all back folks!! Export it to US!!

All: I posted yesterday that the ice would be on the dark side of the moon, and that it probably would not be comet - related. NASA now officially states - dark side, comet - related. On retrospect, I would guess that the real phenomenon is probably from the space snowballs that we know slowly rain down on the Earth. Probably do the same on the moon. But -- I still have difficulty figuring out how the water gets hidden and concentrated -- unless we are talking about hundreds of millions of years. Still possible then.

Here is a flip-side idea to think of -- if you were a space-faring civilization, and you wanted to set up a colony on the airless, dry moon, what would you do to make it possible? The answer would be -- find a water rich asteroid, or comet fragment ( also water-rich ) , and move it to a gentle collision course with the moon. You would have gravity, abundant water, and all the oxygen you would ever need from solar-energy induced electrolysis of water! Other asteroids -- many are iron - rich -- could be used for minerals sources. Then you would set up domed, sealed colonies, or underground colonies.

Did you all know that there is an asteroid mining venture already on the drawing boards? I have forgotten the name of the company! I don't think precious metals are on the list -- yet.

Here's to the future of mankind -- may we solve our problems peacfully, and protect our economic system during the troubled times ahead.

When tailgate first broke out on the news gold jumped $9.00 that day. It appears that something major is about to happen related to the First Fellons. If the news breaks it this weekend look for a nice jump in gold monday along with a market and bond fall.

March 6, 1998
Republican leaders criticize IMF compromise bill

WASHINGTON ( Reuters ) - Republican leaders in both houses of Congress Friday cast doubt on compromise legislation to fund and reform the International Monetary Fund a day after President Clinton won bipartisan support for the measure in a key committee.

Senate Majority Leader Trent Lott told reporters "I don't like dictating labor or environmental laws or requirements," Lott said.

On Thursday, the White House was upbeat after the Banking Committee approved the compromise bill by 40 votes to nine

New Jersey Republican Rep. Christopher Smith, a leading abortion foe in Congress. Smith's provisions would prohibit any U.S. funding to private or multilateral institutions that perform or promote abortions inforeign countries.

New Jersey Republican Rep. Jim Saxton. Saxton's proposal would require the IMF to disclose the minutes of its meetings and to release loan documents and related staff studies and analyses.

It would require the IMF to stop subsidizing its loans. Future IMF loan interest rates would be set at market rates. If these reforms were not implemented, future U.S. funding for the IMF would be suspended.
http://canoe2.canoe.ca/ReutersNews/IMF-CONGRESS.html

Compaq Warns about 1qtr earnings-FLAT

http://biz.yahoo.com/bw/980306/compaq_1.html

This should mean about a 50 point rise in the NASDAQ according to the New Era thinking. This was one man's view of it at Silicon Investor. Incredible!



Compaq warning: who cares?

The big boys already knew this. It might not be totally priced in, but I'll be buying if it
weakens more.

Compaq will be fine. Just not this month.

If I recall correctly, it is the world's largest computer manufacturer. It ain't going out of
business anytime soon.

Dell down 7 on instinet!!! Compaq will open down big time in 5 more minutes! Look out on Monday!!!!

Sorry if this has been posted already.

CNBC - CPQ Warns of lower earnings!

Markets will go down now - maybe?

HighRise

Ice on the moon solves only part of the problem. You still need to find rum, cola and lime trees. Keep working on it.

COMPAQ IS A MARKET LEADER EVER SINCE 87 CRASH.

HighRise

Dell - 7 1/2
CPQ trading halted.

HighRise

Watch the Asian markets tonight.
Some markets are open. South Korea is one, I think?

Later
HighRise

Now think about this for just a moment.

There is NO dark side ofthe moon. There is a FAR side. The moon's
period of rotation is the same as it's orbital period. Hence, It
goes through a complete day, night cycle in slightly less than a month.

Because these periods of rotaion are the same, we only see ONE
side, but all sides of the moon get light equally during the
course of a month.

CPQ - Another buying opportunity!

BUY THEM DIPS!

HighRise

Dell now down 7 1/2 and Compaq opens down 2 5/8!!

Bill Siedman sees market up another 10% by year end! Dow now at 22 times earnings!! And you still don't believe the FED is inflating the money supply!! Rates still too high relative to inflation!! LOWER rates ahead says Bill! NEW ERA!! BEST OF ALL WORLDS!!

http://canoe2.canoe.ca/ReutersNews/MINORCOMNORLUCANAD.html
March 6, 1998
MinorcoCanada unions say no strike 15 yrs

TORONTO, March 6 ( Reuters ) - Two unions at Hudson's Bay Mining and Smelting Co., a unit of Minorco SA, voted not to strike at the Manitoba zinc and copper mine for the next 15 years in exchange for job security, a union official said.

"We locked more language on the collective agreement that guarantees things like seniority and deals with contracting out," said Blair Sapergia, president of the International Association of Machinists Lodge 1848 in Flin Flon, Manitoba.

A month ago the 900 members of the United Steelworkers of America Local 7106 and 200 members of the IAM rejected a request for labour peace to 2012.

The mine employs 1,500 of Flin Flon's 6,500 residents.

Hudson Bay Mining then announced on Feb 16 it would close the mine in 2004. It was seeking labour peace prior to asking its parent firm for a C$1 billion investment in the Flin Flon plant. Hudson's Bay Mining spokesman Dale Powell was not available for comment.

In calendar year 1996 the Flin Flon area mines produced 83,900 tonnes of zinc, versus 78,600 tonnes the year before, and 54,200 tonnes of copper, versus 37,800 tonnes the year before, HBMS statistics show.

The mine also produced 990,000 troy ounces of silver in 1996 compared to 835,000 in 1995 and 83,100 troy ounces of gold versus 63,700 in 1995.

Jed: I'm not in the prediction business ( unless we are talking silver ) but I'll tell you what I think we might see. I think it is possible that we could have minor disruptions in our financial systems all during 1999, especially in government circles where the states fiscal year 2000 start on various dates throughout 1999 and the federal fiscal year 2000 starts in Oct 1999, but I wouldn't expect any actual breakdowns that will affect large numbers of people until early 2000. How early in 2000 depends on if the power grid and phone network give us any problems. One thing that could change my outlook would be governments and businesses going into panic mode and rushing updated systems into production before they are well tested. This would most likely occur during Q4 1999 and could cause serious problems. Another thing that could cause problems even when the systems continue to function normally is a run on banks and people cashing out of stocks because they are apprehensive about what is going to occur in early 2000.

As for what form of precious metal, I see junk silver ( pre-1965 silver coins ) as a great 2-way play. First, if we do have big problems after the turn of the century your coins are a great cash assest. Second, I think silver is heading towards a multi-year bull market due to declining above ground stocks so it could turn out to be a great investment. I'm also accumulating some Maple Leafs but silver is my main focus.

As you are probably aware there are lots of other preparation issues to sort out before the big date. There are some good books ( Time Bomb 2000 by Yourdon & Yourdon, A Survival Guide For the Year 2000 Problem by Jim Lord ) and web sites ( http://www.y2ktimebomb.com/ ) out there that will educate you on these issues. Good luck!

COMPAQ now down 10% Earnings down $1 Billion ! . Large whipsaw trading over the past 6 months indicative of distribution at a market TOP!!! THIS IS THE BLOW-OFF LAST GASP GRASP FOR AIR BEFORE THE BULLoon BREAAAAAAAAKKKKSS at the seams! WHOOOOOOSH!!!

This Compaq news is likely Y2K related. The news indicates that retail computer sales remain stable but corporate sales are down. It would not surprise me if MIS budgets are being redirected to solving Y2K problems and are not available for equipment upgrades unless they are Y2K related.

GOLDEN PROPHET: Doubt we are at the end yet, but this stock bull has gone beyond speculation into a full fledged MANIA. And manias are not followed by tame black bears, but by monster grizzlies.

COMPAQ the day's debacle d'jeur!! Another whipsaw on Monday IMHO! How many more whipsaws like these can long-term investors take before they turn into short term traders and goldbugs! ? Methinks that the volatility will become so great that premiums on puts and calls will become prohibative!!

Suspicious,

Could you please tell me what you are refering to when you say "it appears that's somethng's up"?
What evidence is there that something is up?
Thanks in advance.

The Preacher

Just transferred my wife's IRA to Rydex URSA FUND!! Let the BIG BEAR EAT!!!

Listen guy's, take a lesson from the current Clinton investigations. The more stories you hear, and the more it becomes apparent that no one cares, the more "immunity" get's built into the equation.

Intel dove after hours Wednesday. Look where the market is today? Dell and Compaq earnings are going to cause a crash now? What a laugh! Read my lips, NO ONE CARES amymore about value fundamentals. The market at large has decided to absorb all the Asina crises inspired earnings disappointments as it rages to yet higher highs...... the DOW has now been immunized......

I don't have the historical data to do the same quality job I ( hope ) I am doing on the Dow/Gold Ratio. The problem with the S&P is that it is followed by professionals. Fewer people act on changes in the S&P as act on Dow changes. Also, it has a shorter history. The Dow represents the emotion of the public and that is key to tracking the emotion of the markets.

IBM dropped like a rock in the last half hour of trade.

It's here.

P*, the Unpronounceable.

I believe this week will be looked back at with wonder and awe as the week the financial universe changed! Just a GUT feeling! But one based on plenty of info!!

Re all this crash coming talk, Tell it all to Farfel, and Steve Puetz. They'll listen and cheer. Everyone else will just keep pumping billions into their 401 K mutual funds.....as the market roars on to 9000 and beyond.....

F*, the Unpronounceable.

I'm just putting together the Gold charts and the commentary for my website and I am struck by how "tight" the Gold charts are right now. That goes for $US gold, and for Yen, D-Mark and $A Gold too. By way of illustration, here is the week's trade ( March 2-6 ) in $A Gold:

$437

$437

$437

$437

$438

The P&F charts in all four currencies are just sitting there, waiting to break either up or down. Right now, the best looking chart is the D-Mark Gold chart.

Dow is whipsawing madly. European bourses through the roof on Friday. U.S. long-bond yield still over 6.0% ( just ) . Another surge in Treasury funded debt - up to $5.285 TRILLION on March 5. Like the duck on the pond, it looks like smooth sailing up top but there's a hell of a lot of thrashing going on under the surface.

Why do you guys' think they save these little announcements for a Friday after market close eh? They know that the average "investor bearish news memory" has now shrunk to mere nanoseconds. By Monday AM, we'll all be ready to pump a few billion more into the Tech market....well be Tuesday at the latest!

It's here.

F*, the Unpronounceable...

Donald: Yes, that is one of lines of reasoning I've come across a good deal. Earnings for many high tech companies are going to get knocked for a loop because of redirected resources. Because the Y2K problem is so pervasive and solving the problem is so expensive now and getting more so each month there is going to be a wide spread hit on the earnings of many companies. The option to not fixing the problem is basically to cease operations. That's why I think Y2K is going to have a great impact on the stock market. I know very little about stocks but I do know that company earnings are important.

How much all this pertains to COMPAQ's current earnings problems, I have no idea but I wouldn't be surprised to find out that your theory is on the mark.

All the "citizens" that bought in October bought back in today...

IBM insiders dumped stock in last half hour of trade.

Remember, IBM saved the market in the last October debacle...maybe not this time.

F*, the Unpronounceable.

Pssssst, for someone with bigger Huevos ( and pocketbooks ) than I have. You wanna make a quick killing? Go long Compaq and Dell on Monday after it dips and becomes a "bargain".........

As for me, I'm going to find yet more ways to get a little leverage on silver. And I'll reamin shy of the mighty DOW bull, though I was faithful to it all the way to last August.

You folks cheering for a DOW crash. Only one way it'll happen. Get Puetz to come back to this forum and have him make a forecast for a quick DOW rise....

Read the drudge report on Mike McCurrie's briefing.
Http://www.drudgereport.com Something is comming out maybe tonite.

Suspicious as ever : )

It's here.

F*, the Unpronounceable.

If the Intel's, Compaq's and Dell's of the world are losing earnings to Asia what about the rest of Nasdaq techs? Trade deficit over next 18 months will SOAAAAAAAAAR!! Political pressures will become UNBEARABLE!!!
DEFLATIONARY PRICE pressures will butt head on with INFLATIONARY WAGE PRESSURES and SOARING M123 MONEY CREATION! STAGFLATION WILL GRIP THE US LIKE BILL C on a young intern's chest! The US and CLINTON will have one humongeous STAG PARTY!!

It's here.

F*, the Unpronounceable.

Listen, at this point the drudge report and CBS's Dan Rather could report that Clinton was the "real killer" of OJ's wife Nicole, and it STILL wouldn't affect his rating one iota! The polls, the media, and the people have spoken. Those looking for a Clinton fall are going to be mightily disappointed.

Not only has Clinton now been immunized aginst any and all Lewinsky/Perjury issues, but no one even cares about meaty stories like the Chinese fund raising scandal, Clinton influence peddling, which is breaking wide open! Not to mention Whitewater, Travelgate, Hillary futures, Ron Brown, Troopergate, IRS FBI filegate, Monica/Paula/Michelle/et all Health Care reform closed door shennanigans, 38 mysterious deaths, Susan McDougal's bought silence, convictions of all the Arkansas Clinton cronies such as the Governer and Web Hubbel, Tyson chicken, Sales of the Linclon bedroom and coffee clatch influence peddling, Vincent Foster....etc etc etc etc

Repeat after me, No one cares....no one cares.....no one cares....no one cares....no one cares.......

Jimmie Rogers says THIS IS SERIOUS and we'll all see just how serious it is over the next 5-6months!! Everbody printin' money like no tomorrow!!!
Jimmie buyin' RUBBER and OIL!!!

Sometimes, a visual message means much more than messages composed of mere words.

F*, the Unpronounceable.

I am at kitco on and off all day, learning and filtering, I will be back on SI
later. Your insight is appriciated. Keep on being SUSPICIOUS.
Nicodemus

Note the recent activity in CDE and HM. They are very reluctant to close the gaps. This week they held in a very narrow range despite weakness in the futures. If they can't get these stocks to fill the gaps, the next move is likely to be up with some strength.

...you know it's here.

F*, the Unpronounceable.

No one cares.....

http://www.tampabayonline.net/news/news101k.htm

Obsidian: I am a physicist, so I understand what you are saying. In retrospect, you are right -- since one side of the moon always faces the earth, and the moon orbits the earth, there is no way there could be a dark side of the moon -- just a far side. You may have answered one question I had later today, and that was why the ice was at the poles. I said dark side incorrectly -- now that I think about it -- I think NASA said the poles of the moon. The poles of the moon are probably the coldest spots -- I will check my astronomical texts. I think the orbital axis of the moon is only slightly skewed relative to the orbit of the earth. Good thing I was not trying to drop an asteroid on the moon tonight!

There is one planet or moon that perpetually faces the sun. Perhaps it was mercury.

Thank you for pointing out my glaring error!

Bearex is the symbol for the Prudent Bear Fund, similiar to Rydex Ursa. I decided to buy this instead of Ursa. If you look at the charts of both I think you will find that it reacts more positively to market drops. In either case good luck.

Normally I try and maintain some propriety in my speech. But right now I think I'll just states what I believe IMF stands for.....

Insane....Mother...Fu**ers

Why not let the Asian dominoes fall? It'd be healthy for the world economy in the long run. Isn't that what truly "free" markets are all about? What kinda hypocritical capitolism IS THIS anyway? Let em crash and burn...... ( I need a glass of CLassico...ahhh that's better.... )

I must have been delirious.

My email keeps getting rejected from the pike address. I sent instead to the davis address. Please confirm if received.

Bill Buckler: Makes sense that the Deutsche mark trend would be the most bullish for gold -- if the Bundesbank has indeed decided to really loosen up. Perhaps the Germans have decided they have held their breath long enough to get through the EURO initiaition phase, and now they can expand the money supply. Hope they are not too late, given their major economic problems.

Interesting times we are in. I vote for instability in the markets, and not an outright crash -- not yet anyway. Instability will be ideal for a gold rally, if enough people get nervous and start heading for the exits. As I recall -- all the gold equities in the world represent about the same amount of cash as one stock -- Coca Cola! I think the crash that Farfel et al fear will not happen without alot more turmoil -- such as a dollar crash like what we had in 1987. The boomers are still buying -- at least for a few more months, at least.

As Oldman once said, it takes alot to bring down a strong bull market.

Rubin must be feeling the growing pressures of diplomatic doublespeak!
God help us all if he really thinks the IMF and its lunatic program of economic reform is the only answer for curing Asia's ills? Educate John Q. PUblic about the importance of the IMF and World Bank? If John Q. Public knew how much it was gonna' cost him to fund the economic salvation of Asia through the IMF he'd blow one through the floor!

might be what they are reporting as the ladys attorney got reprimanded by the Judge hearing the case, something called a propher? could very well be allowed into the trial. If so, apparently she said she did, blah, blah, blah.....who knows.

Dammit Warren !! Sell Coca-Cola and BUY some Homestake! 1% of Berkshire should be able to buy up every gold stock on earth!!! Better even than buyin' silver methinks! Are ya' listening to me, WARREN???

Do you know any who are not?

It's here.

F*, the Unpronounceable.

now, if the handcuffs were also attached to the offending member, that would be a photograph.

It's here.

F*, the Unpronounceable.

http://biz.yahoo.com/upi/98/03/06/financial_news/goldsilver_3.html

Washington DC the home of waste, fraud, corruption and abuse!!! Home of Bill C! 64 city managers now being paid $100,000 each! Bars needed on windows! I resident in 8 now in jail or just let out! 'Nuff said!

...then it's here.

F*, the Unpronounceable.

http://dailynews.yahoo.com/headlines/business/story.html?s=n/reuters/980306/business/stories/dollar_7.html BTW, Bart, can we copyright common words and phrases? If so, stake out my claim on 'the', 'and', 'this', 'that', 't'other' and all the pronouns and verbs of being.

http://biz.yahoo.com/finance/980306/argentina__1.html

CB's are printing money like never before.Fearing deflation this
seems reasonable.How do we buy rubber?

Marion Barry has 15 bodyguards!!!! Used to have 31!!!! Still not safe!! Police force DISFUNCTIONAL!! Not to mention tha mayor! 'Nuff said!

Many people have spoken highly on this page about APH. Who are they? What do they do? How accurate have they been? Why are they so good?

This is just the sort of person I want to hear more from re:PMs

Live Long and Prosper.

http://www.motherjones.com:80/mother_jones/MA98/klein.html

Mixed signals everywhere in this market.Are gold and natural
resources the winners out 2-3-5 years?

Perhaps the better question is. 'why would we want to buy rubber?'It seems to me that all that xtra M123 is going right into the DOW, and will vanish at the drop of a hat. The little guy is convinced that dis-inflation is the stock market's friend, and has no clue what the next step down will bring. Deflation is not a good thing for stocks.F* - it may not be here, but you can see it from here.

TIME TO ROLL OUT THE BEARrel! It's STAG time in DC!!!

....Absolutely Phull of Hooey!!


F*, the Unpronounceable.

DOW 15 points off of record! US market 15% of world market valuation!
Can't find any value in US! Motorola havin' troubles in Asia! Compaq down 3. Dell down 7. IBM down 2. GOAL--CUT INVENTORY. TOO MUCH INVENTORY! Will only build to fill firm orders in future! Look out on Monday! The BEAR WILL POLKA!!! Wages risin' at TWICE THE RATE OF INFLATION!!! HOW LONG, O ALAN, HOW LONG?

http://www.smh.com.au:80/daily/content/980303/business/business7.html

Thanx for that farfel the UNPRONOUNCABLE. But who is APH?

spots he likes based on his inflationary expectations X years out
PS I am waiting to buy SSC fearful the same bulls eye has been
painted on silver as was on AU. What do you think about recent
price movement? Thanks.

Can't sell to Asia? SELL TO CUBA!!! Yeah! They gots lotsa' US dolla's!

...a technical chartist...Absolutely Phull of Hooey.

F*, the Unpronounceable.

...all combined.

F*, the Unpronounceable.

dollar cost average into T.Rowe Price New Era starting today.I
feel like singing 'We Shall Overcome' and mean it.

Crisis of confidence tankin' the Rupiah yet again! And again! And again!

Camdessus worse than agent orange in defoliating Indonesian economy!

IMF WILL DELAY $3 BILLION loan to INDONESI till APRIL at earliest!!!

RUPIAH ENDED WEEK ON A VERY BAD NOTE!!! US disappointed with Suharto! Customers now more educated in ways of money -changing! More speculation now! Every Indonesian company with fopreign loans now virtually bankrupt! No govt. action on economy! New cabinet by next week! Suharto dismissed foreign exhange director. 6 out of 8 central bankers dismissed now! Bank of Indonesia out of control!! Credit ballon building--now 12% of GDP!!! HYPERINFLATION ON THE HORIZON!! IMF PROGRAM A FAILURE!!! $10 billion of money now gone!!! WORSE OFF than before IMF came to rescue!!! --Steve Hanke, Special Counsellor to President Suharto

Needs a significant infusion of foreign reserves!!! Credit lines needed to establish a currency board! Economy collapsing on IMF program! Social pressure building and ready to EXPLODE INTO VIOLENCE!!!! MELTDOWN WILL LEAD TO CIVIL WAR AND POLITICAL ANARCHY!
But the DOW WILL RISE TO NEW HIGHS AND WAGES WILL CONTINUE TO OUTPACE INFLATION BY A FACTOR 2 FOREVER!!!!
--NOT NOT NOT NOT NOT NOT NOT!!!!!!!!

http://biz.yahoo.com/upi/98/03/05/washington_dateline_general_news/uscubasen_2.html

Thanx farfel Anyone else able to enlighten me?

Fresh off the wire, reports that Bill Clinton recently snuck into an orphanage of handicapped children, and molsted several young boys. This was during a drug induced frenzy brought on by an overdose of crack smoking, which drug was procured from a street vendor who was subsequently murdered to keep him silent. It was also disclosed, that CLinton has been selling aging Nuclear weapons to several middle East Moslem arms merchants on the side, to help pay his substantial legal bills.

Widespread polls done of citizenry who have been apprised of this latest scandal, indicate that Clinton's approval rating on this recent news, has now jumped to 99.6% "Yeah but he's doing a good job" all those queried stated. "Who cares what he does in his personal life?"

See ya next Monday.

Doanld--Since when did the Catholic Church become the official vehicle of the US govt. to funnell aid into Cuba???

Friday March 6, 7:18 pm Eastern Time

CORRECTED - Technology stocks rebound, Nasdaq surges

In New York story headlined ``Technology stocks rebound, send Nasdaq surging,'' in fourth paragraph read ``...third
biggest-point drop''...instead of ``...third biggest-point gain...'' ( Correcting market direction. ) . A corrected repetition
follows.

NEW YORK, March 6 ( Reuters ) - The Nasdaq Composite Index on Friday soared to its second-biggest point gain ever as
investors snapped up the same high-technology issues they frantically sold a day earlier, traders said.

``It looked like some of these big computer stocks just got hammered ( Thursday ) , so we jumped on in,'' one trader said.

The index surged 41.57 points Friday -- or 2.43 percent -- to 1753.49 on volume of more than 799 million shares.
Advancing issues led decliners more than 2-to-1.

On Thursday, the index fell about 47 points --its third-biggest point drop ever -- after Intel Corp ( INTC - news ) said its
first-quarter earnings would be below expectations. Like Thursday, Intel was the most-active issue on Friday, gaining back
2-9/16 to close at 78-1/8. It fell more than 10 points a day earlier.

Dell Computer Corp ( DELL - news ) , which fell 7 Thursday, gained 6-5/8 Friday to 138-1/2. Microsoft Corp ( MSFT -
news ) , which lost 2-1/4 Thursday, gained 2-11/16 Friday to 82-3/4.

PRT Group ( PRTG - news ) lost 9-9/16 to 9-9/16 on high volume after the information-technology services company said it
expects a first-quarter loss from customer delays in the start-up of new projects.

im a gen X'r and ive seen the light. ( bouncin of a 1 Oz. gold maple )

I don't know. Ask Jesse Helms. He is the Chairman of the Senate Foreign Relations Committee. Nothing gets done without his approval.

Gosh, I love Jimmy Rodgers - but he's been beating this inflation drum for a long time now....perhaps one day he'll be right - If so, we'll all be happy as pigs in mud......SSC? I don't own it, don't follow it closely except as a barometer for the other silver shares...I looked at the chart for you - SSC appears to me to be perched just above its 50 day avg at about 1.125, momentum is flat, volume is small, money flow is falling, and the stochastics may be rolling over....but one good sign is that the bollinger bands are narrowing which usually seems to prestage a move up. If I were interested, I think I would watch it for a few more days...a nice pickup in volume on a rise in price would be very good. If it falls below 1.125, however, I think it is going lower....All this said, however, I must admit I don't have a clue what is going on in the silver market just now....I've got my shares and am just waiting it out.

All you folks who transferred your SM $s into PMs,all you folks that have clung to the diminishing hope that the POG would benefit you ( and over the years lost their as ) , and all you folks that have relied on logic as a guide to you're investment strategy ( Im a member of all 3 groups ) , are now ,most likely feeling some degree of discouragement, ( if you're anything like me )
The financial gods and the politicians do'nt see things the way we do.They have a much larger agenda.
The UN and the IMF are the precursers of the new global govornment . Clear as glass.
The bad news is that their plan excludes PMs in favor of debt.
The good news is their plans are not rock solid, they are subject to failure.
As a "little guy", the biggest influence you can muster is your continued confidence in an "alternative"economy, namely PMs. If "we" lock up enough resource in "our" medium of exchange of choice, the "powers that be" will have no choice but to include "us".
I for one, have decided to hold my physical assets long term in case the New Word Order aint as smart as they think they are. I'd highly reccomend all consider this strategy.
There are certainly many others reading this who have much more to lose than I. This is simply one mans opinion,I hope it may help someone, I hope it helps me.
For those of us who have gambeled our families wellbeing on the PM market, good luck and bless.....

I have been beating SSC's drum for quite a while, and actually made some money on its last run-up...but, like you, I have not a clue except to believe that silver is going UP up and ( as EB would say ) AWAY....

PS...Missle arrived in your mailbox...

Donald: Here's a recent Y2K and earnings article.

http://www.cnnfn.com/hotstories/companies/9803/05/account/index.htm

Study Puetz story

http://www.worldbank.org/
It's a purely political bank. It has a martial law structure of countries and REGIONS. It's "capital" is paper. The Rockefeller Foundation likes it. It funds "education". Whole countries graduate from it and join it. It is NOT in the news.
A search on the word gold at this "bank's" site turned up 0 documents.

All who own ( possess ) physical gold are sovreign and free. Those who wield paper are slaves to the system, victims of control. Another on this forum has already explained to us how the world changes, and with it, the general perception of value. Do not wait too long to break the paper chain, to liberate yourself from the inefficient, corrupted, old system. Open your eyes before it's too late. The next large purchase you make, try offering gold in trade as well as cash; watch the eyebrows raise. Gold will be easily accepted once the value of currency is challenged. Uncertainty in stability ( aka: instability ) is a sure and immediate road to cold, hard assets. Be sure you get your gold out of the country BEFORE it is recalled! Also, be a voice against the nationalization of gold. We still have the power, we just lend it to other people. Be proactive, before you have to react - then it will be too late! THE EARTH IS SHIFTING BENEATH US! Listen to the distant rumble.... - c

All over the "news" tonight "Markets can't go down" this from the
new "punks" on the block who have never experienced a "bear"
market. All the Dow did today is regain the 100 points it lost yesterday!
what is the great news about that? the after hours news of Compaq
is additional proof that "bad" earnings is going to eventually ( next week )
start the Dow slide........
Up to this point I was of the view that the markets
would decline orderly, however judging by the incredible and unjustified
optomism, I suspect we shall have a few very large drops in the Dow
before too long. The fact that the market is "expecting" lower interest rates may be another "nasty" surprise since "they" cannot really
raise rates not simply because of it's negative effects on the markets
but more importantly because so many homeowners re-mortgaged
their properties with lower "floating" rates, which would cause
mortgage payments to increase instantly, and thereby deprive same
of much needed disposable income, in addition many have invested
said funds in the markets, a real double Whamy!.....An important FACT
about 66 million Americans invest about 5 US$ Trillion in Mutual Funds,
this should give some scope as to the MAGNITUDE of the problems
in the US financial and economic picture ahead, and why AG really
CAN'T raise interest rates....And more importanly speaks volumes as to
why the American public so desperately want to "believe" Clinton
and want Starr to get off his back, they can't afford to see him and
the US markets ( their money ) crash.....

Moscow and Iran are getting "cozy" just signed a nuclear reactor deal
today over the very strong objections of the US....and word has it that
the US is "seeking" better relations with Iran, recognizing that in fact Iran is growing as a regional power, and thereby a "player"
in the Oil price...actually all Iran wants is it's frozen $US Billion back....
No way Iran can "normalize" realtions with the US while the religious
militants control power....For those who say "who cares" about the
Dow bad news nothing will happen I say look out below very soon.....
Breaking News IMF will delay until April US$ 3 Billions to Indonesia
due in a week, which causes the Rupiah to immediately close higher...
Suharto will do his "thing" and the US and the markets are not "ready"
for it, and IMVHO will usher in the start of the great bear equities market
as the US$ also begins it's long bear market, reflecting the start of
of major currency realignment, and eventual loss as sole world reserve
currency, since this will be "real" evidence of the impotence of the US$ hiding under IMF......Gold is holding up rather well in spite of the intense anti-Gold propaganda, and should seriously attack the $300 mark
in the next 2-3 weeks before encountering additional propaganda
campaigns....just another great buying ( trading ) opportunity......

stay tuned ......

they own pawn shops all over the USA, and a few in Europe. People that have to get rid of whatever will be going somewhere to sell it. Just a thought.

I recently purchased a toolroom lathe, asking price $1800, for 3 -1 oz. Eagles. = $600/oz. I also traded 1 Eagle for an M-1 carbine ( asking $375 ) . You're right, there is a "sub-economy" . I share you're advice , "OFFER GOLD" !!!!!!!!!

It is a very simple equation: Gold - Debt = Safety & Influence. Paper is debt which an entity owes you, it only has perceived value and is generally based on confidence. Our confidence is being tested as we speak. Do not base your wealth on confidence!!! - c

Clone, I understand your feelings, however, don't fool yourself.

Some of your suggestions ( including references to mystical Another, oh yeah that prophet hiding behind internet handle ) just does not make sense..

Gold will be easily accepted? Well I want to see my grocery store accepting gold.

Move gold out of country before it's confiscated? Then what? I don't want to leave country where my kids live.

Folks, we are again reaching a point of desperation due to a long bear market and many posts reflect just that. IMHO

Dont take me wrong, I have a large investment in gold, but lets try to separate reality from dreams!

Gold charts et al now up at The Privateer's Gold pages. The longer-term weekly bar chart with the 20-week MA is quite something. Gold's been bouncing off it for six weeks now

http://www.the-privateer.com/gold.html.

LGB, re "what kind of capitalism is this?" What's capitalism got to do with it? The IMF won't let Asia go belly up ( if they can help it ) because the Asian's owe money to non Asian banks. If the non Asian banks don't get the money, they won't be able to service the debts they owe. If that's allowed to start, then the whole thing will fall over like the house of cards it is.

As you undoubtedly know, some of those non-Asian banks have their headquarters in New York.

Capitalism requires free markets. Find me a free market anywhere on earth. No such animal.

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

Computers, Electronics & Software Sector Chart
http://www.geocities.com/WallStreet/5969/ces70.htm

Fidelity Select American Gold & Electonics looking GOOD!

I wonder if the government thinks Americans have enough gold to even think about confiscating it? God only knows, I have yet to meet anyone who does in passing conversation in the street.

Interesting thought - come to think of it, I don't think I know more than a couple of people outside this forum who own ANY gold or silver ( other than jewelry ) , let alone ( Heaven forbid ) gold or silver mining stocks.

SUPPORT THE PPT, buy, buy, buy when the indiders are selling.

The only thing free about Free Markets, is that they are free to screw you over.

http://www.cnet.com/Content/Features/Dlife/Millbug/index.html?dd

reminds me of a gold and silverbug oldtimer from Alaska
I used to do carpentry for,when it came time to settle up
he'd pull out a stack o fresh 100's and bunch of eagles
and advise me if I was going to spend it to take the counterfit
and if I was going to save it take the real money,He always
called paper counterfit,quite an amazing guy he kept 5 gallon
buckets of silver quarters in his shop covered with junk,
and kept large 999.5 ingots in barrels covered with somekind
of slimey liquid ( said thieves would never look there ) kept all
the coins and nuggets in house.One time he handed me a coffe
can full of gold ( glass jar in can ) he told me to prepare myself
for the weight and it still caught me by surprise.Well I guess
most of us have someone we met in life who we can thank or blame
for transfering the goldbug,He took that role in my life,
one other quick point about this oldtimer He kept his word
even if it was to his own hurt,if he said he was going tdo something it was a done deal,makes me wonder if we will ever see men likthat again,

following up on your post ... NOBODY owns physical and mining stocks... at least nobody I know...now here we are...3 or 4 of us in the Carolinas on Kitco ... think what would happen if just a small percentage of the world ( as we know it ) became interested ... in no way can we even imagine what could happen to the prices if the great "unwashed" multitude wanted just a small percentage of their assets in PM's ( enough words for a copywrite?? ) ... I see a great explosion in prices in the not too distant future ... I keep a list of reasons ... to remind myself of why I am so heavily committed to PM's...

Received your email...later

~~~~~~~~~~poof~~~~~~~~

All anti-hysteria propaganda and whitewash...NOBODY knows what will happen with the Y2K thing....And until perhaps next summer, not much worry will be done in public about it. That's when the little guy will start to wonder whether the 5% or 10% ( or whatever unknown ) chance of losing everything he has in banks and the stock market is worth the risk. I'm betting he will pull the plug, and I plan to be outathere ( or short ) beforehand...

He posted Wed night that Intel down 12 points would not stop the BULL. Good call, sir. Also DA and i believe Glennsaid that silver could go as low as $6 when it was at $7+ - good calls. I hope I'm learning.

I meant summer of '99.

I am anticipating that my dreams will be reality - perhaps sooner than any of us think! I already have my tuna and rice in the basement. I have prepared for the worst that I can conceive. Anything less than that I will be greatful for. I don't want to see a recession. I will probably be out of a job ( though I am not debt ridden as are most! ) , and my entire family ( mother, sister, grandmother ) will probably look to me for strength - even after I have warned them numerous times to get out of debt, to lose those damn mutual funds, and to aquire the "physical!" When property values plummet, I'll be there with gold. I also do not see an abolishment of the Great Dollar. I do not anticipate buying groceries with the physical - I think cash will still have its place, but at the same time gold will regain its lost respect, value, and shine! For a while, it might even be preferred ( for large purchases, mostly ) . Start trying to use it for barter - not for food, but for lathes and things like that. Test it. Take part in its return to prominance! PUSH GOLD AND SILVER, the kind physical! It will treat you right. BRING GOLD OUT OF THE SAFE AND INTO THE LIGHT. The CB's have taken control - take it back! - c

I just read through most articles posted on that page. The truth is somewhere in the middle. I like the statements which challenge the "doom and gloom" however, there is the major problem. All references used to counter Y2K claims are based on statements from people who are not very credible and put up just politically correct statements ( e.g., Sally Katzen from OMB or Raymond Long from FAA ) .

Again, itll be much worse that the page creator paints ( flatly wrong when ( s ) he states that none of the big companies think that Y2K would affect their mission critical systems, or that everybody will be ready on time ) , but I agree that the sky will not fall and we will live through it.

3/6/98 -- 5:04 PM
Rubin warns of severe consequences if Asian crisis isn't

NEW YORK ( AP ) - Treasury Secretary Robert Rubin warned of ``severe'' economic consequences for the United States unless the International Monetary Fund receives crucial financing to aid Asian countries battered by financial turmoil.

``While we think the risks of that happening are low, if it does happen we are severely at risk unless the IMF has the capacity, which it does not now have, to respond effectively,'' Rubin said in a speech at an annual U.S. Savings Bond luncheon in New York.

His remarks come at a time the Clinton administration to fighting to win congressional support for an $18 billion U.S. contribution to the IMF, which Rubin described as the ``central institution in the effort to resolve the financial crisis in Asia.''

Funds for the 182-nation agency have been seriously depleted by $100 billion-plus rescue packages it has arranged since summer to help Thailand, South Korea and Indonesia. On Thursday, the administration cleared a major first hurdle when the House Banking Committee approved the $18 billion U.S. contribution.

Rubin's comments are part of a vigorous campaign by the administration to win support for new IMF funding, which was blocked last year and is expected to face a challenging hurdle again although it cleared the banking committee by an overwhelming vote.

He said he was ``deeply concerned'' that public support for the IMF and its role in helping to maintain financial stability in countries around the world was moving ``backward'' at a crucial time.

``There needs to be a redoubled effort by all of us to communicate with the American public the dynamics of the new global economy and the importance of U.S. leadership in the global economy to our own well-being,'' Rubin said.

The United Sates is now enjoying a period of rosy growth with low inflation and high employment, but the Asian crisis is expected to hurt the economy by dampening demand for U.S. exports and causing manufacturers to curb production.

Although he said the risks of the Asian crisis escalating are low, Rubin warned that if the problem were to spread to other developing countries ``it would exacerbate these effects and the potential impact to our economy could be severe.''

Before his speech, Rubin told reporters that Japan's economic recovery is important for lifting the rest of Asia out of its misery. He reiterated the U.S. position that Japan should try to stimulate its economy through increased spending and tax cuts.

``We have the consistent view that Japan restoring domestic-demand-led growth is extremely important with respect not only to Japan but to the recovery of Asia,'' Rubin said. ``A failure to achieve solid growth is a serious factor that can have an adverse effect within the rest of Asia.''

Rubin also said it is important for Indonesia to adopt and sustain a ``strong reform program'' to regain confidence and financial stability. The IMF is expected to decide soon whether Indonesia has lived up to the terms of its $43 billion bailout before it gives the country another $3 billion installment from the package.

I dunno what will happen, but I always have stuf for emergencies. Just the way I am, I have seen what nature can do, so I am always prepared as best I can be. Man can only do so much, so I figure just watch and wait, wait and watch.

You betcha! get it in the ground too if possible. Good luck

For Delphi
Ive done that long ago.. Of course it is low .. Look a little
closer and read what I said .. a break up above 48.5 gives you
about 50.5 .. a break above that gives you a very fast runup.
What goes down fast can also go UP fast.
Gold also testing resistance on down trend lines in
currencies.

I do not think the sky will fall, but I also do not think anyone has the ability to predict with any degree of certainty just what will happen with the computer systems....There just is not enough time or free computing power to backtest all the systems, even if they are debugged against Y2K.I think the fear factor, and its consequent overreactions, is far more important ( and even more unpredictable ) than the Y2K event itself, and perhaps even more potentially damaging. After all, it would only require something like net withdrawal of 6 or 7 percent of funds from banks to make them illiquid. Do you think that 6 or 7 percent of the population is likely to cash out of banks and pull their funds out of the market? If so, you have the answer to the outcome of this.

Rob, Bill, and Alan,
It is obvious to anyone that the "Asian Crisis" WILL adversely affect the entire world. This situation wold more appropraitely be defined as a "World Crisis." Please stop trying to fix it, you are only making it worse. These things happen and are necessary to make the world wiser. Wisdom follows experience. As long as you enforce public morality, the market will take care of the rest. Allow those who understand the system to be unrestrained by political motives. The USA needs that 18 billion. You cannot prop debt with more debt. To do this is feeding the fire. Please, let it go, take your lumps, and act responsibly! Everyone would be better off in the end. Thank you for giving this thoughtful consideration.

Respectfully,
clone

Posters are disappearing from this forum. Where is Another? What happened to Barb?

Gold and Silver, the destroyer of minds and fortunes, has carried them away. Kitco reminds me of the biblical story of Cain and Able and lends credence as to why I own a small pot of gold. Peace be to you brothers and sisters of like minds.

Remember that at one time all of the following were forecasted to be our immediate ruination:
+ inflation
+ budget deficit
+ firing of the air traffic controllers
+ trade deficit
+ money supply
+ Japanese economy
+ communism
+ low dividend yields
+ high price earning ratios
+ etc etc etc

Y2K is a far far simpler problem to overcome. Not only that, unlike the boogey men above, once it is solved, it'll never come back.

There is no business like silver business...there no business better
than I know. The funds are taking profits too early. The smart
money will stay in the game til 8.50+ per ounce or better!
Silver is in more demand than it was on 1/1/98 because everyone
can see a good bet. The big boys see it but do not want this
to be a "Silver" to be a wild fire like the 80's. If what I'm
seeing at my desk is any type of trend Investor know a good thing when they see it! This movement reminds me of the Palladium Market
in the last 11 months. Everything is ready for higher prices
in the tiny silver market.

I wish everybody had some good ole buddies like that. You're lucky

Art
In historic times of deflation silver has always out-performed gold ( ie increased purchasing power ) . Do you have any views on whether Ag will drag Au upwards too?

a.j.
si.

Prometheus et al
Thanks for your comments, watch this space, The Antipodean Contrary Newsletter #3 is with the subbies now.

Maybe some of us are hocking our computers to cover losses in PMs. : )

Donald:

I agree that the public follows the DOW more than the s & P 500, but isn't the S&P a broader barometer of the market and, hence, more telling of when the market is "high" or "low"? Further, I'll be the professionals just as susceptible to the herd mentality as the public.

Perhaps both ratios are important, especially when they confirm each other, as is the case now. Both ratios are at century long ( or longer ) highs today. So, perhaps both the pros and the public are made from the same cloth.

By the way, I think you are a wonderful contributor to this site. While others occaisionaly go after each other, you are the calm and steady provider of relevant news and information for us all. Keep up the good work!

Thanks, Fergie

http://www.ddc.net/ygg/inv/gold3.htm

March 6, 1998
Thai PM Chuan to meet Soros in U.S. -report

BANGKOK, March 7 ( Reuters ) - Thai Prime Minister Chuan Leekpai is expected to meet international financier George Soros during a visit to the United States, a local newspaper reported on Saturday.

Thai officials criticised Washington last year for failing to provide direct financial assistance to help Thailand weather its financial crisis.

Last week U.S. Treasury Secretary Robert Rubin said the United States would support Thailand having access to a special International Monetary Fund lending scheme, the Supplemental Reserve Facility.
http://canoe2.canoe.ca/ReutersNews/THAILAND-SOROS.html

John Disney: I have about 1/3 of my precious metals investments in South American gold stocks, and the rest in American/Canadian ones. Generally, in the last few months they have moved up and down together. During the last mini-surge my South African gold stocks have not recovered anywhere near as much as the American/Canadian ones. Any comments? I am getting very concerned -- just how many of the SA mining concerns can survive if gold lingers for several more months at $280-290/oz?

March 6, 1998
Hawking predicts people will become more advanced

WASHINGTON ( AP )  Physicist Stephen Hawking says technology won't be the only thing more advanced in the next millennium  people will be better too.

"Unless we have a totalitarian world order, someone will design an improved human somewhere," he said, clarifying that he wasn't passing judgment on such changes.


"I am just saying that it is likely to happen in the next millennium whether we want it or not," he said.

President Bill Clinton invited Hawking, author of the bestseller A Brief History of Time, to speak as part of the presidential Millennium Evenings series. His speech to several dozen people, including many fellow physicists and other scientists, touched topics ranging from "closed loop histories of particles" to Moore's Law, in which the speed and complexity of computers doubles every 18 years.
http://canoe2.canoe.ca/WorldTicker/CANOE-wire.Hawking.html

To the benefit of all those with whom you deal in any way, you CAN BE that man. Practice it deliberately if you are new to the concept.
To your benefit, look in the mirror and see if you are watching a "Man like that"!
Men with the moxie and smarts to be gold bugs and read here are certainly capable of becoming just what you posted about: MEN to match our mountains.
Tall ( in spirit and principle ) and strong ( in conviction and behavior ) courageous ( despite resistance ) .
Could continue, but I know y'all get the drift.
Morality, conviction and righteous behavior is never really out of reach-- merely and temporarily out of FASHION.

a.j. @ 23.27
my hat is off to you, sir.

P/Es of some major hi-techs

DELL 51.5
MOT 28.8
CPQ 22.8
IBM 16.5
TXN 11.5
NSM 11.2

Some have made remarks of P/Es of 40+, well, at least in the hi-tech area things do not look soooooooooooo overpriced.

Leland, good post. Thanks

Remember that at one time all of the following were forecasted to be our immediate ruination:

No one has changed the forecast that I know of, have they?

+ inflation - have you seen the size of a box of cereal lately or tried to hire someone?

+ budget deficit - exist if they dont use Social Security funds, they are cooking the books.

+ firing of the air traffic controllers - That was years ago, and the act has helped to keep labor cost down today. FAA re: Y2K problem, they havent even started.

+ trade deficit - still a big problem and getting worse every day.

+ money supply - increasing at a 8% rate, what is the US $ worth today?

+ Japanese economy - It is still a problem, at least according to one half of the World and Sec. Rubin and the boys.

+ communism - CHINA, have you heard of the place?

+ low dividend yields - INTEL & COMPAQ with more coming.

+ high price earning ratios - market collapse potential any day.

+ etc etc etc - print, print, print, print, print, print, print, print, print, print, print, print, print, print, print

Y2K is a far far simpler problem to overcome.
REALLY please explain what makes it such a simple problem to solve.

Not only that, unlike the boogey men above, once it is solved, it'll never come back.

The problems that are created by Y2K may be around for a few years my friend. It is not that far off and no one wants to work on the problem. Even AG talked extensively to Congress about the unique nature of the problem,
 ...No one knows what the extent of the problem may be....

I am sorry, but I just dont understand how you can make such a statement. Do we live on the same planet?

HighRise

yapping about money on HBO - Ill leave it to you, you tell me.

a.j., Jman: My posts have not been quite as colorful as yours, but repeating: We gold bugs understand the value of gold -- the 'gold standard' or anchor for our 'fiat' currencies. Gold's lack of popularity -- the 'political metal' -- is simply because it forces the 'powers that be' who give us our 'fiat' currencies to be honest about currency debasement.

I think many gold bugs also tend to be better at detecting the truth, ( or lack of it ) in other walks of life, because of their basic sense for value and truth. Unfortunately, gold is available as an anchor only for our fiat currencies, not for truthfullness in life. Those who look for truth in life must supply their own internal anchor. Clearly that old GoldBug from Alaska had one worth admiring.

Myrmidon
Your last post reminded me of 1987. Y'all know that the NZSE had the biggest durned bubble then and the biggest sucking vacwoom when it popped? ( still only 50% of 1987 highs )
I was talking to a well know business journalist who was trying to pump me, some company launch party or other, he was saying how undervalued our stocks were. At that time ave P/E NZSE40 was 21, cf the Japanese average of 42. There are some idiocies that render even me speechless, this was one of them.

Here Asia, instead of defaulting on our corporations who give us hefty campaign contributions, take this $18 Billion and default on our taxpaying citizens.

http://www.ddc.net/ygg/inv/gold2.htm

Will keep on looking.

link: That was an outstanding insight!
all: PUSH THE PHYSICAL! THE GOLD IS MONEY - USE IT!!!

What do you think it should be the P/E of a premier hi-tech company like Intel or Motorola?

I would say around 20. Certainly in a growth industry like hi-tech, an overall P/E of 15 is certainly a buy. But I am interested of your opinion.