'another' aaaaaaahhhhmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm....
ifoh------

Crazytimes -- Know what makes a black hole? THAT happens first.

the double naut...as jethro would say...away to cipher.

Thanks for posting. True we don't know, but that won't stop us from speculating on best-case and worst-case scenarios and all between. Your further insights will be appreciated.

Will get smacked tomorrow...charts don't lie...eventually.

away...to buy the dips



RJ...Re. RayBans....what is best time to call tomorrow as not to interrupt your metals thingy....OK.

go silver.

p.s. Cherokee - we are makin some kick-ass money on those grain puts, eh? I will look to rid of them soooooooon. Time to buy more cotton.

dat damn dollar.......

RJ - you haunt me with a referrence to a post from the past, but I still stand for what I have said. My reasoning and thinking is really long term. I can not tell you ( I have privately ) the anguish some of your posts last year on gold caused me because you were so right and I suffered great pain as a result of my inextractable position. ( Not your post you understand, just your truth. ) However, I believe that your current position on gold and silver is absolutely on the wrong side. No, I can not profess to have the ability to predict which face of the dodecahedron of the currency/hard currency world will be face up tomorrow, nor what the various players in that market will do, but I can tell you one thing. Speaking as a geologist and scientific observer of certain events. More gold and more silver is being 'consumed' than comes out of the ground. Sooner, or later, the price has to go up. Its kind of like Will Rogers said many years ago - buy land, they ain't making any more of it! Thats how I feel about natural resources, particularly gold, silver and oil. ardengold@msn.com

It's all about power and money and who will dominate.Crash the
developing world in order to bring the New World to its knees?
Trilateralism at it's best.No comments necessary just food for
thought.

But I was working. You were the one who made
the claim that you spoke my language, I was
just taking you at your word. I am sorry that
you are currently without gainful employment.
This forum is not to be used for an audition
or a hyperlink to your resume. You have demonstrated
that you speak a language, if not my language.
Now I wonder if you could demonstrate a few traits
that might get you further along in the corporate
world, for example, letting everyone have a turn,
or even better, letting people with a better grasp
of the situation having a few more turns.
Your joie de vivre approach to gold, while refreshing,
is unfortunately not something that can be
generally applied. For example, people who actually
buy gold ( instead of simply talking about it or daring
others to ) could not follow your approach and have
any chance of success in the current market. This is
a forum for people who actually buy and sell gold.
When you get a job or some source of steady income,
perhaps you can join our group. Until then

BART, PLEASE LIMIT THE NUMBER OF POSTS PER DAY
BART, PLEASE INSTITUTE A REGISTRATION POLICY WITH SOME TEETH

That is all.Nite.

Followed by this bit of silliness, that initially pissed Eldo off, but we made up and are as brothers from birth now. Seems an appropriate response to some of this weeks more strident zealots:

June 97,

Regarding my upcoming treatise on why the western world will not collapse. I have changed my mind completely and now see collapse as imminent. Going to fill up the Hummer with shotgun shells and Slim Jims and get while the gettin is good. Have enlisted the aid of a pair of neighbor twins who have agreed to be breeders and the future hope of humanity. They are nubile lasses with good childbearing hips. The new race of humans will be born in the wild like Cherokees; neither mother or child will make a sound. We will live in secrecy for the first few years, always on the watch for a dawn assault by Janet Reno and her minions, in full camouflage regalia. We will hunt and gather by night and huddle in our underground warrens while the sun shines.

Once the societal tremors have subsided we may surface and try to make our way to a mythical promised land which may not exist, but we have spoken of countless times in our stories of a clean and green place, told to each other in the faint, D cell light of our last Evereadys in those, our bleaker days. I suspect this journey will require guerrilla encounters and hand to hand combat. The twins will be a great allies during this last desperate dash to our final home. They will have spent their days preparing for this battle and will acquit themselves proudly and our children will lay down their water skins to help with reloading, while the battle is set and the heady vapor of war, spoil, and villainy fills our nostrils.

Do not envy those of us who will survive as we will surely have occasion to curse our stubborn lot and long that others are in our stead. The odds are against us at every turn and success is little assured. Should we prove truer than the fates, we shall live out our lives eating coconuts and playing in the waves like dolphins. We will never tell our children of the western world that was. Why burden them will what is no more, the world will have moved on..

testing

Past shock, perhaps in a state of ennui...Barrons did a piece years ago on an interview the Congress of the United States had with the then Commissioner of the IRS who, when queried as to why the IRSs books where not auditable replied, with majestic superciliousness, Our books were not designed to be audited. Was there a hue and cry of outrage? Nary a harsh word.

The assessment of government bureaucracy had been--up to that point--that there was a Greshams Law of Bureaucracy too, that talented civil servants would leave to pursue business careers where pay was higher. The IRS interview lead to the conclusion that a participant in a brain-trusting session had been correct. This gentleman postulated, Were I seeking power, I would find it within the IRS. Unlimited access to all information about everyone, everywhere in the United States.

So, $1.6 trillion gone-missing is a very small part of the theft.
In moments of greatest weariness and discontent one remembers,
".. history is nothing more than a tableau of crimes and misfortunes."
I think the stables need mucking out. But where is our Hercules?

Goodnight all.

After ya' get that five strand up....get ya' a few of dem angus mother cows and a polled hereford bull...yippeeee ay yeaaa! don't fence me in.....studio.

Arden -

The repost was too save typing effort and not necessarily directed at you. That was actually a compilation of 4 or 5 posts. As I recall, our discussion was on the fundamentals of gold and not on near term price direction. It is my habit, when getting long of word, to address a post to someone and then go of on some entirely new tangent. I agree with you about the long term outlook for metals. I believe a big move will happen. Just not in gold, not yet. Regarding my position in silver, I am cautiously bullish. It has been so whacked around, bottoms and tops blur. I am way big on PGMs.

Happy April Fool's Day ( heads up, Bernatz ) , and to all a good night. Couldn't end on a better note than RJ and the twins.

Cmax: Great post on the evolving geopolitics of oil. Your comments tonite helped my level of understanding a great deal. Thanks.

Mah Keetco frans.
Eet eez mah believe-ness zat zee FALSE BERTATZ
ees quiete because he has not found zee ideas to
STEAL recently by gar.
Regarding mah nomination by zee great promethious
as zee first POPE, Ah weesh to be called Bernatz zee
twelf and you can all keese mah reeng to show a leetle
respeck... with zee exepcion of bernatz le faux who can
.....
And as zee Bernatz zee twelf ah wanna everybody
gatta lova everybody an we make zee gold go up as ah
got a lot here een mah Vatican house and een zee basement of
mah summer residance een zee Pyranees ( where ah keep
mah dirt macheene ) . Please excuse mahself for flooding
zee market recently and smacking zee price.. ah lost
mah head for zee moment.

for RJ
.... NOT SIR OLIVIER ... SIR Laurence

Cmax:

Thank you for your fine post in answer to my questions from yesterday. Sometimes it gets depressing sitting here day after day watching the pointless arguements and catfights ( and worse ) ...and then a nugget like yours falls literally out of ( cyber ) space and makes it all worth while. For my money, the ANOTHER story is definitely the story of the year. If it all happens like he says, it will be the story of a lifetime.

BTW, it is Los Angeles. Please let me know if you are ever in town.

I knew. Are you sure you are the real Bernatz?

Bernatz XII
Does this mean, your twelfship, that you will presently proclaim papal infallability? It is, after all, your right. Is your proclamation a papal bull or ball?

below the salt

I always regret that I miss a "live" take of your late night show...but I gotta get to bed...nytol ( copyright Teddo )

B12 -

You don't know how I have missed that!!!!!!!!!!!

Best damn stuff ever posted on this forum.

Forgive my wayward wonderings

But I KNOW a true Bernatz when I see one!

RJ. Are things so bad we have to take several women with us so as to not risk the passing of our seeds??

Nice link to the chaos site - - Chaos can help us to understand the various financial markets, and if I read you handle properly, to ballistic performance as well. I have been using chaos as an accuracy indicator in my handloads for years. It explains and permits a lot of the fine tuning that is usually required in developing an accurate load, but allows us to do it with understanding and repeatability. Now if I could fare as well with gold futures options . . .



Niner Ken

I to,enjoy speculating about the future, both worst and best case.
That is exactly what brought me to this site over a year ago.I always
check in here befor I ever check the news on the web and I usually
have to look no further. However, some guys here are really obsessed
with the big crash and go nuts when gold moves a buck. All of this has
tempered my view of the whole world and has led us to make what we feel are sound
financial decisions with regards to the current global situation.
Y2K will be very interesting to say the least. I really dont think
we will have a meltdown of the global infrastructure like some
predict here i.e. no power or water etc. The global financial markets
are already taking care of themselves and I DO believe the U.S is next.
Y2k will be the icing on the cake so to speak.

RJ
Hope you saw the post a spin or two ago -- from Fred@Vienna. The silence of the Limes Date: Mon Mar 30 1998 04:05 sounds like your limes may be anaemic.

The amazing docaurator

Stock up now!

I don't care...I'm Buying More
IDCIBM
etc

RJ - I did not take your comments now or ever personal. We are slowing growing closer together in our perspective of where the markets are headed. If we ever totally agreed it would scare the bejesus out of me!

I am a 'rock in the box' guy, just basic common sense that my parents taught me. You are a good trader but one hell of a good writer. Everyone on this forum is in awe of your literary talents ( I know trading is more profitable! ) . I really respect your viewpoints, they have challenged me to challenge my own. It has allowed me to put my life in perspective and to carry on with what I believe in.
For that I thank you. ( But for the pain of realizing you were right, I hope your limes turn to lemons - just kidding, ok? )

Damnable protocols.

Well, I for one cannot find one plausible reason, rational, logistic, fact, or heresay that might in any way alude to any kind of collapse of the western mode of operation; I.E. Ever larger debt and debt service; The near total collapse of morality and schooling; An ever larger jack-boot entering the peoples lives; And ad nauseum. Nope, it's gonna go on virtually forever. The global plantation that so many are just panting for. No problemo. None whatsoever. Oh, you meant the freedoms we have; the big paychecks that buy ever more and more; The cars and homes and college educations that get ever more affordable; The homeless who find real homes; The smaller and smaller numbers of socialist types inhabiting the ways of power; The foreign economys that are trying to import more from US than the other way around. And again, ad nauseum. I would say that all of the above warrant a hearty 'HAR'! Perhaps a few more.

Well, pie in ya face everyone for April Fool

Feel like a little levity

REDNECK COMPUTER TERMS


Backup......... What you do when you run across a skunk in the woods.
Bar Code....... Them's the fight'n rules down at the localtavern.
Bug............ The reason you give for calling in sick.
Byte........... What your pitbull dun to cusin Jethro.
Cache.......... Needed when you run out of food stamps.
Chip........... Pasture muffins that you try not to step in.
Terminal....... Time to call the undertaker.
Crash.......... When you go to Junior's party uninvited.
Digital........ The art of counting on your fingers.
Diskette....... Female Disco dancer.
Fax............ What you lie about to the IRS.
Hacker......... Uncle Leroy after 32 years of smoking.
Hardcopy....... Picture looked at when selecting tattoos.
Internet....... Where cafeteria workers put their hair.
Keyboard....... Where you hang the keys to the John Deere.
Mac............ Big Bubba's favourite fast food.
Megahertz...... How your head feels after 17 beers.
Modem.......... What ya do when the grass gets too high.
Mouse Pad...... Where Mickey and Minnie live.
Network........ Scoop'n up a big fish before it breaks the line.
Online......... Where to stay when taking the sobriety test.
ROM............ Where the pope lives.
Screen......... Helps keep the skeeters off the porch.
Serial Port.... A red wine you drink with breakfast.
Superconductor..Amtrak's Employee of the year.
Lemming.........PC user who thinks Wintel is only choice
Stupid..........PC user who thinks Wintel superior to Acorn

HAR accepted

OK

Yea, and that's why I'm a goldbug. The problem is as EJ said, if gold goes ballistic it means our hunches were right. Thanks everyone for great posts and many laughs tonight...

Now I'm really worried. RJ agrees with me HAR!

RJ--I remember that June 1997 post. Seems like long ago, eh? Glad I didn't take you up on that wager! My strategy still consists of shifting assets into PM related investments, and getting rid of debts. KISS still rules my life ( Keep It Simple, Stupid ) . There are some disturbing things on the horizon that I find troubling. I think people are getting less civil, more violent, and less respectful of the social fabric. Throw in some monkey wrench like Y2K or a severe recession, and the potential for major disorder is enhanced. I want the ability to get off the front lines of all this if the "fit hits the shan". Not talking about heading for the hills, mind, just being able to quietly drop out for a time until things sort themselves out. Regardless of how this plays out, we'll be watching from our front row seats at Kitco, eh? BTW--Ya got me to thinking on Platinum...know anyone who could sell me a Maple Leaf or two?

Thanks, I missed it.

Fred@Vienna -

Any that would speak with such confidence and calm assurance should be heeded. I will Bump the Fe to necessary levels. Will ship case-o-limes to Vienna, home of the Austrian Mint, post haste.

A small contribution:

Ummmm . . . one way of keeping track of gold and silver jewelry consumption by Florida tourists is to visit the site

http://video-monitoring.com/newscape/mbdoc.html

which is a cam on a topless Miami beach.

Be sure to select 'Beach Monitor - Full Zoom' if you want closeups of the jewelry that people are wearing . . .

As to the fate of gold, I am starting to wain, which probably serves as my ultimate contrarian indicator. This protracted consolidation can be a good sign, but it sure would be nice to see a positive trend develop. I am convinced we've seen the bottom, but it appears we may have to wait for an indeterminate period of time before gold begins an upward move. However, if enough people believe this, then gold is on its way . . .

Enjoy the Miami beach shots,

Niner Ken

Auric -

Click on the RCM banner above, or contact Bart. Good buy + it supports the site.

Crazytimes -- I actually hope to forever leave my stash where it is buried and never need call upon it. Turn the weaponry into plowshares ( or is that stock shares? ) , and otherwise, use up all the other foxhole items. But you know those damn novas that create those black holes can be mighty fierce and always arrive in a most untimely manner. I think I'll leave things as they are. It's not even like anyone here as ever attempted to explain why all is 'well'.

gold stocks jump by 50,418, which just happens to be the amount of that eligible dropped. 50,418 ounces came into the eligible stocks and 50,418 ounces moved to the registered stocks. Overall comex gold stocks increased by 50,418 BUT eligible were unchanged.

you can still closed out all the eligible deliverable gold stocks in comex for $44.6 million dollars.

paper gold traded 3 million ounces while physical gold had 50,418 basically added to the registed stocks.

YES, it looks like a BIG shell game to me. Someone certainly seems to want to cover over the outflow and changes, becauce an exact effort was made to match the changes EXACTLY.

New York-March 31-FWN--COMEX ESTIMATED VOLUMES

TOTAL ESTIMATED VOLUMES
Gold 30,000
Silver 16,000
H.G. Copper 7,000

New York-March 31-FWN--THE FOLLOWING ARE THE COMEX GOLD
warehouse stocks:
GOLD ( Quoted in Troy Ounce )

TOTAL REGISTERED
521,290 0 200 -200 50,418 571,508
TOTAL ELIGIBLE
148,278 50,418 0 50,418 -50,418 148,278
COMBINED TOTAL
669,568 50,418 200 50,218 0 719,786


silver

TOTAL REGISTERED
-1,174,201 0 37,179,714
TOTAL ELIGIBLE
1,273,393 0 49,746,209
COMBINED TOTAL
99,192 0 86,925,923


I think the action in comex is positive - we just have to make sure the word gets out that stock games are being played. Eligible stocks for delivery are the tale of the story. Tell your friends and spread the word to other bb's.

IMHO

goodnight

What part of " COMEX IS A JOKE " did you not all get??Hello..Hello....

I'm proud of you, Sam. You are buying more...
Did I tell you that those Tony Packo's
pickles are the best?!

Sir Goose - usually when registered stocks increase by the same amount that eligible stocks decrease it indicates that someone who had written contracts against their physical deposit had bought them back and thus 'covered' their short. If total stocks increased by the same amount ( which is an unusual number ) then look for some 'error' to be reported in a few days.

Now that one of the true mysteries of this site has been revealed, the next question begs to be asked:

Who was ( not ANOTHER, sorry, not interested ) the Commissar KGB?

Today my neighbor was in need of plumbing repair. The fella worked for hours and hours. So I walked over, handed him a beer, a mapleleaf and a copy of Time Bomb 2000. You should have seen the look on his face.

The exclamation I ejoyed the most, " holy sh_t, this is real is'nt it!"
I will leave it to you to figure out which of the three items he was referring to.

I don't need more, I'm giving it away. I don't need more, I'm giving it away.

IDNMIGIA

YAH F!!!!!####******N HOOOOOOOOO!!!!!!!!

Once I got to looking at some old posts I couldn't stop. For those that have chided me for not detailing my reasons for some of the positions I take: It is just that I have already explained it all last year. So to save time, and my views are still fundamentally the same, the repost seems the path of least resistance.

7/1/97

George S. Cole - This is 1997. We are in a "new era" of global economics. Never before in human history has there been anything remotely similar to the worldwide economy of today. Information can travel to any spot on earth in the blink of an eye. The world yearns for US technology. No matter how much you reference 1929, any comparisons are invalid.

I guess I have used the era phrase because I lack the words to describe what we are witnessing today. This rise in equities is unprecedented. 2 billion people in China eastern Europe and Russia, rich beyond compare in natural resources, can indeed give us the only thing we need to continue this meteoric rise, markets, markets, markets. Remember, I sell metals for a living, wishing only for volatility to give my clients opportunity for profits. I have zero vested interest in convincing anyone that the crisis many see as inevitable, is increasingly unlikely. A strong equities market robs investment dollars that would otherwise be in precious metals.

One would think that, my game being metals, I would profit more if people would believe the house of cards will fall with the next gust, but I dont believe it will. I used to think this world would be unrecognizable by the turn of the century, war, famine, abject poverty, would abound, but one cannot ignore what is in front of ones eyes: Prosperity and the ever increasing likelihood of more to come.

I say to all, buy your gold, silver, and platinum. Protect yourself should I be proven naive and shortsighted, I have done, and will do the same. But dont let fear blind you to the incredible opportunities for profit that are staring us all is the face. Make your $, then use it to buy more gold if you must.

The shrill cries of the fear mongers should be taken for what they are; a stubborn belief system of those who will call for the end until it happens, even if it takes fifty years. When all finally does fall, they will cry unto the masses that their words were indeed prophetic. They imagine that people, will finally recognize them as great seers and benevolent protectors. The throng will prostrate themselves in righteous revelation, offer gifts of frankincense and myrrh, and bid your attentions to their nubile daughters whilst their reverent fathers with silver beards plan monuments to these prophets of doom. Meanwhile the rest of us will be living quite comfortably, thank you.

Hows that for "new era"? Let me know if you want some more, its kinda fun.

RJ
as you're taking a stroll down memory lane, how's about re-posting them silk shorts?
ha ha
Thanks to you, and to Preacher and to ADH and to Disney and to Eldo and Earle and and to arden and all the posters who are teaching me stuff despite my stubborn ways. Another good day, the last one in March

Reuters ( April 01 ) :
In a shock announcement the BOJ Governor, Mr Yasuo Fukuyu, has stated that the BOJ will sell its entire gold holdings of 3000 tonnes in April to support the Japanese banking system. "It is just not fair to use Japanese Postal Savings to support the Japanese banking system," stated Mr. Fukuyu. "The ordinary Japanese worker is going without sushi and sake as a personal sacrifice for his country. We intend to remedy this situation by selling all of our gold and adding the proceeds to the banking sector's statutory reserves. We expect this to have a positive influence on the plunging Yen."

Bank of England analyst, Mr. Adam Smith, expects the price of gold to be decimated in European and US trading later today. "We expect at least a $50 to $100 drop in the price of gold tonight, but believe it will then stabilize at around $200 per ounce. In a six month time frame we are looking at $150 to $200 per ounce for the yellow metal, said Mr. Smith." "We expect that it may recover to the $250 range by the December 1999, as Y2K worries enter the market. These worries are completely unfounded and will only have a temporary effect on precious metal prices."

In a related development the chairman of Barrick Gold Corporation declared that ABX will close down all gold mining operations until the price of gold recovers. "We have received a generous offer from Microsoft Chairman, Mr. Bill Gates, to take a second mortgage over all ABX assets until we can struggle through our debt problems, he stated". "ABX shareholders will not miss out as we are arranging a share swap with Microsoft in the ratio of twenty ABX shares for one in Microsoft. With 30% gains per annum for each new share, we expect ABX shareholders to be extremely pleased with this generous offer."

Full story and links:
http://junior.apk.net/~jbarta/idiot/idiot.html

For zee boreeng Bernaise le faux et le fou
As you arre vairy well knoweeng .. as zee POPE nouveau
eet eez mah dutie to luv every body.... But een youre
case leetle won Ah mak zee ow you say excepsion.
An am now considaireeng zee RE-IN-stitution of
zee Spanish Inquisition Jus for you by dam.
Pairhaps a few years in zee IRON MAIDEN well
be stimulating to your poor non imagination an een
zee future you weel be able to zink up your own
monikairs razair zen to try to steal zem from zee
ozairs.
Ah suggeste zat you call yourself "joan of arc" ..
an we all get togezair for a big Bar-be-que.. of..you.
PS for ma brozair Oris . who ees now an OFFICIAL
Cardinal ... do you know where ah can find zee peeckles
of monsiour Packo in Roma????

Priceless, absolutely priceless. BRABO!

Hey! I went to that site and nothing happened! Now where is that story on the Japanese Gold sales!?

Did ya catch the "exploding whale" website? http://www.xmission.com:80/~grue/whale/ Hilarious. ( it really happened )

canaberraCarumba!

Auric--was the whale thingy a true story? I read it and didn't think anyone could be that dumb. Thought it was an Apr. 1st joke!

Auracious, mate--have you heard that our parliament has just ratified the New Zealand expropriation agreement? You are now an Aussie!! You will rank just after Tasmanians--so don't expect any handouts! The 100 000 Kiwis on the dole here can now do it legally. You will of course have to hand in all your gold, mate. Our government doesn't like the stuff!!

For a minute there my heart did some flip flops. Absolutely priceless!

Yep, it is true. Remember, these were GOVERNMENT officials.

Here is Dave Berry's article on the exploding whale http://www.xmission.com:80/~grue/whale/article.html

http://www.dbc.com/cgi-bin/htx.exe/dbcfiles/curcommt.html?SOURCE=core/europe

Auric--you made me spill beer all over my keyboard. Not to worry, happens all the time!!

You weren't foolin' they are the best. IDCIBM Packos, gold too. Have you seen farfel, I'll buy another round?

See ya later auragator! Don't take no wooden nickles! ;- )

http://www.si.edu/folkways/harry/hsa.htm

Found it, 9/30/97

OOOOhhh, that silk sure is soft and.... well......silky.

Been wearing those golden silk shorts under my skirt all along.

Only a precious few have had a peek.

Suffice to say, I'm going to be hiking up the skirt for all to see.

No winds needed here, I will show my silky golden shorts to the world,

and say loadly and proudly, "I am of Kitco blood, I".

http://www.ravenna.com/blackhole.cgi?18

...if your powers of perception are such that you believed my previous posts regarding my sarcastic confessions of unemployment and drunkenness. Bernatz...Bernatz...is this the type of "clear" perception you bring to the gold market?? Oh..oh...

If I can fool you ( on April Fool's Day Eve, no less ) into believing any of that nonsense, then I suppose it is no surprise that Wall Street is about to sell you and your fellow gold shorts the Brooklyn Bridge. What comeuppance is truly in store for you and all your gullible ilk?

The fascinating thing about the internet ( and clearly one of its major shortcomings ) is that one cannot detect tone of voice in the postings. Is the post earnest or sarcastic?

Just a few facts about myself, my dear Bernatz...

I live in Bel Air, California...that's why I post at these wee early morning hours, not for lack of gainful activity. I do the majority of my computer work betwen 11:00 P.M. PST and 2:00 A.M. PST...despite my wife's preference that I come to bed early and cuddle with her. She's a real cutie...however, I find the quiet, dark night stimulates a flood of ideas and original thoughts.

I have a fairly active sizable gold & silver portfolio...significant enough that I am on just about every gold broker and gold forum mailing list...not owing to any efforts on my part as I toss most of the materials into the waste basket. I do not day trade on my stocks although I do engage in a great deal of options trading.

As I said earlier, I am a Yale graduate, setting up my first business venture in the entertainment industry when I was a mere 25 years old. Today, I remain self-employed ( I guess many wage earners like yourself consider that a form of unemployment, I don't know ) and continue to follow my entrepeneurial heart wherever it may lead me. I continue to write prolifically and speechify whenever I am called upon for my perspectives on life ( often as the case may be ) .

Owing to my precocity, most of my friends are 15-20 years older than me...that has been the case all my life. Hence, I am not very intimidated by gentlemen like yourself who enter my life and wish to mentor me. Never had one and never will. I learned more from Autodidact University and the School of Life than Yale ever taught me. The most important lesson: When You Grasp the Truth, Do Not Allow Self-Anointed Gods to Undermine Your Beliefs!

Bernatz, I tell you all this, not to be boastful but rather to apprise you of the simple facts. Actually, I find it kind of amusing that, in your inimitable, condescending manner, you imagined me to be something radically different than what I am.

Ultimately, I must conclude by saying...

I DON'T CARE...I'M BUYING MORE.
I DON'T CARE...I'M BUYING MORE.
I DON'T CARE...I'M BUYING MORE.

Fondest,

F*

Wow, the creature is some sort of electrical-based monster,
continually recreating itself... The only way to kill it is to...
pull the plug....

What you posted is, even to put it mildly, SHOCKING!!! All we can do is hope that Japan is not stupid enough to sell off all their gold. Although that would cause gold to plummet in the short term, and possibly put a number of gold mines out of business, the long-term effect would be to eventually send the price of gold right into the stratosphere. Meanwhile, Japan would be sitting in the undesirable situation of having sold off all their gold at LOW prices, with a totally prohibitive cost of ever replenishing their gold reserves. In essence, I believe such a move would result in selling Japan's wealth and economic future right down the tubes. The LONG-TERM beneficiary would be the group that buys the gold.

Unless the USA was smart enough to buy Japan's gold, that could have eventual bad effects on the USA as well as all countries worldwide that have been foolish enough to sell off their national gold reserves.

While I've wavered back and forth between suspecting a conspiracy ... or simple stupidity ... if what you posted is true, I'll have to give serious thought to the possibility of conspiracy. I believe very strongly that it would be bad for ALMOST EVERYONE if gold suddently plummeted. Even though the ( expletives deleted ) "shorts" would make out like bandits initially, and Wall Street might profit in the short term, such a downward movement would have IMO serious consequences...both short term and long term.

It would totally RUIN many who have had the foresight to buy gold at these unbelievably low prices, because it would scare many out of even thinking about buying gold.

While I personally believe in the golden rule ( do unto others that which you would have them do unto you ) , the WORLD'S golden rule throughout time has been: WHOEVER HAS THE GOLD MAKES THE RULES. Why doesn't the Press disclose who is BUYING all this gold that is being sold??? That group, country, etc., might be worthy of our attention, regardless of where we live on this planet.

Gold has been down TOO LONG, TOO MUCH, TOO DEPRESSED!!!!!!!!!!!! ...and personally, I'm getting very, very, very, very, very, very tired of incessant bearish news regarding gold. I believe that I've made my point quite clear. Perhaps the Japan posting is nothing more than an April Fool's joke...a very sick joke. Nonetheless, I'm concerned. I'm very concerned. Then, the stress might kill me before the price of gold ever returns to even where it was a year ago at this rate. I keep making all the right decisions at the WRONG time. An unexpected emergency kept me from selling my ABX call options today when I had the chance to do so at a small profit...and now I'll probably lose on the 10th straight gold option in-a-row. ( expletives deleted!!! )

--Skip

04:11 April Fool's Day post. Sorry, kid. None of it is believable.
And nobody called upon you to speechify. You are not a lot different
than a kid with a can of spray paint, maybe artistic in your own mind,
but grafitti-blight on the community billboard. Some of your ideas
could be right but that doesn't make up for you being a jerk. Mister
Market doesn't care whether you post or not. You are not important
enough to affect him. I hope you DO buy more, and I hope you carry each
one of them home individually, and I hope you walk both ways. Use up
some of that energy elsewhere. fffffttttt *

Having earned a degree in Economics, I have never stopped following the field ( kind of like a special hobby, the way some people collect stamps ) .
I have read and continue to read some of the most esoteric, cutting edge material out there. I am an omnivorous reader, specializing in my hobby, Economics, and my industry, Entertainment.

The economic policies that are about to be effected outside this country will be nothing less than earth-shattering. A whole new world is about to be created over the next two or three years.

The major error the gold shorts and Wall Street bulls like yourself commit is this sad, pathetic American solipsism...this absolute, inexorable certitude that America defines the exact nature of the world and will continue to do so well into the 21st Century. It just cannot be...and it will not be.

As the shift to a new tri-continental hegemony occurs, America the Empire will cease to exist. Naturally, Americans will react as most people do when confronted by radical change...shock, denial, anger, then acceptance. We are now hovering somewhere between the first and second stages. During all this turmoil, major central banks around the world will seek to protect themselves during the global financial systemic storm by resorting to augmentation of their gold reserves. Does it make sense? Maybe not...but it will happen owing to an atavistic reflexive reaction in the human species. Right now, global central banks are engaging in a little shell game with each other, trying to pretend that gold is of "mythical value" while simultaneously re-accumulating cheaper gold either directly or through proxies.

I am apprising you of these realities because I sense you are a conflicted man not without certain virtues...unfortunately, your hubris and past record of gold shorting success are your Achilles Heel. The whole purpose of this forum is to provide useful information not readily accessible to the average citizen. Hopefully, we are here to help each other and not cause harm to any individuals. It is not too late for you to modify your thought patterns and accept the genuine New Paradigm about to unfold in this world...not the snake-oil version propounded by Wall Street hustlers and profiteers.

Fondest,

F*

...the acts and pronouncements of every individual have some effect in this world. A compelling idea has the potential force of a tornado.
Ask Hitler...ask Marx! If you doubt this, then I feel sorry for you wallowing in your pit of cynicism.

Are my posts graffiti? I imagine they appear as such to subscribers of mainstream thoughts and concepts such as the Wall Street Bull. But as Simon & Garfunkel once said, "The words of the prophets are written on the subway walls, the tenement halls, within the Sounds of Silence."

I wish you a cheerful April and a significant diminution in your hostility level.

Fondest,

F*

Farfel, your 4:11 and associated comments seemed particulaly inspired tonight. With things pretty boring, otherwise they make a very delightful read, though I rather suspect their addressees may think otherwise.

I don't know if your theories are correct - only time will tell. I'm in these markets and comfortable here becasue I beleive there to be more than a thread of truth and prospect in what you suggest.

With the gloom in Japan we seem to be in the quiet before the storm when such musing such as yours can be enjoyed or picked at by all.

Yes, and I'm long and buying more - especially if silver can get over 6.57

Regarding the BANK OF JAPAN announcement....that one had me in stitches!!

It's always nice to see Kitco posters who maintain a good sense of humor.

F*

...GOOD LUCK and a good night to you.

F*

http://www.asia1.com.sg/biztimes/3/views01.html

F* I guess you are pretty important after all. This is your
Special Day.

And let me guess, when you were only 25 you started your very
own venture in entertainment. You opened your very own comic
book store??? Where you remain self-employed to this very day?

OK, how about go write your same daily stuff on all the subway
walls. Then the real fast readers may give you a try. The
rest of us have heard it all, seen it all from you, multiple
times. Like a grafitti artist, you are. That's my point,
and it's obvious you are oblivious. *"Who you are speaks so
loudly that I can hardly hear what you're saying."*

I just asked Hitler and Marx, and they said your ideas are not compelling
enough to be considered a tornado. You must wear a 25-gallon hat.
I am buying more, and I really don't care whether or not you are.

I find your posts among the best that appear here so ignore those who obviously know it all, just as they can ignore us if they wish. Do I allways agree with you, of course not, just as you do not always agree with me. The way of the world and the U.S. First Amendment.

http://biz.yahoo.com/finance/980331/japan_bank_4.html

http://biz.yahoo.com/finance/980401/japan_cars_1.html

http://biz.yahoo.com/finance/980401/mof_s_saka_1.html

http://biz.yahoo.com/finance/980331/u_s_envoy__1.html

http://biz.yahoo.com/finance/980401/japanese_i_1.html

Again, thanks for your efforts. I see the East continues to have your attention, with good cause. Tom

Notice that the South African gold mining share index continues to move ahead. On its high at this point up 2%+. What's this, gold going up while the yen declines!! Could this be?? Europe up across the board, again, of course.

Not going to be a pretty world if gold stocks ever get to going up like European equities have in the last three months. I'll want to be living on some remote island in the Western Pacific, then, hopefully protected by the US flag but free of the IRS.

Tonight though, we are just trying to pull out of a long bear market and any ray of hope sure is a pleasant light to see.

http://biz.yahoo.com/finance/980331/indonesia__2.html

There was a lot of talk in recent months ( including mine ) that Asia would flood the rest of the world with low priced products. Some of this news shows that instead we may see drastic production cuts in Asia. They can't buy raw materials or pay wages with lousy currencies.

http://biz.yahoo.com/finance/980401/japan_daii_1.html

Looks like the Nikkei and Yen crash is beginning to harbor
the turn-around in gold that we've all been looking for!

http://biz.yahoo.com/finance/980401/kia_motors_1.html

Implosion. Derivatives next. Tom

This is some of the worst stuff I have ever posted. If everything still connects to everything ( and I think it does ) when does Wall Street get the message?

But the longer Wall Street ignores, the uglier it...well
you know...

Maybe tonight Donald

http://biz.yahoo.com/finance/980331/gold_price_1.html

Enjoy your posts. Also believe you are for real. Interesting how different responses to ( controversial? ) posts can be is it not?

I eagerly await today's action in silver. Hope I am not disappointed.

I was off-line last night, but just caught your story about the plumber.....It's amazing to think that a huge ( I would guess 99%+ ) percentage of the population has never held a gold coin in their hand.......and their first experience with holding a gold coin sort of blows all the 'gold is dead' hogwash right out the window. You do, indeed, have a heart of gold!

You are an "early bird", huh?

bd

http://biz.yahoo.com/finance/980401/korea_fina_1.html

You know how us old folks are - early to bed, early to rise....I'm usually on-line about 5:30 to read the previous night postings.

Bart - Can't access any posts for May 31. Hope there were no jewels that I missed.

I just received this e-mail

"One of the fellows I'm working with is a friend of one of the air force types who investigated the Brown death. He sent some pretty damning info and then because he was scared shitless immediately left the AF ( retired I think ) . Apparently, more than just Brown was whacked in that incident and the aftermath."

"Wierd stuff...."

Did you hear that the guy who found the 20 yr old pay off check to Bill Clinton in a car trunk, a few months ago, died in an auto accident? Another related death?

HighRise

How 'bout March 31?? ( ;^ ) )

And a hangover the size of New Foundland.

that the Euro will indeed be "backed" by gold, to the degree of 30%. Does this equate to a 100% gold-backed Euro should gold go to $950.? Knock. knock. Mr. Dollar...come out and play! Uh oh!

Good Morning to all.

http://biz.yahoo.com/finance/980331/brazil_iss_1.html

Per Japanese markey expert, the Nikkei is headed down with a vengeance:

"The Nikkei 225 average found very strong resistance around 17,300 level and came under further selling pressure yesterday. It appears that failure to reach 18,000 by the fiscal year-end discouraged market participants. The Nikkei is about to form a double-top pattern as illustrated on the chart. The neckline is lying at the 15,900 level. The decisive breach of this level would bring the Nikkei down to the
December low of 14,488."

This spells desaster for the Nippon banking system, their economy, their
currency. The Domino Effect continues.

Silverbaron - Actually, I WAS trying to read the posts for May 31. I figured this would help in making investment decisions in April. Would you buy this, or do I have to admit that my brain doesn't function well this early?

Silverbaron - Actually, I WAS trying to read the posts for May 31. I figured this would help in making investment decisions in April. Would you buy this, or do I have to admit that my brain doesn't function well this early?

My first double post! I've been feeling left out.

It works for me - actually, not a bad thought....Hmmmmmmmm

$44.6 million would buy ( at $305 ) 146,229 ounces.
Give them away to selected individuals! ( Use an ad campaign as a front- "You have won a valuable prize!..." ) Those individuals suddenly get interested in gold, and want the price to go up ( vested interest, you see ) . Some of them buy more, some tell their friends all about gold. Now, which would be most effective and lasting as a pick-me-up for the gold bull? Buying up Comex, or the scheme just described? I have a funny feeling that Comex would conjure up some new eligible stocks anyhow.

Buy two Maples, and call me in the morning if you're not better.

http://www.cgg.ch/

Main news radio out of Boston to whole East Coast this morning stating that the Asian financil problems are safely behind us!

Classy-looking 24-hour spot gold chart! Now, can you just make the graph go up like the Dow? Mornin' Bretoner/Maine-ah...

thought all his troubles were behind him....
They were!
Et tu, Brute?

I will attempt to, however, today, blinking is a chore. I wish I had a photograph of that guys face yesterday, priceless, absolutely priceless.

Robnoel -- Is that particular 'gold' kind of a lackluster, leaden color?

http://www.free-market.net/features/lottery/

Jokie=

HERE'S A QUICK QUIZ FOR THE "GENTLE"MEN....

1. In the company of feminists, coitus should be referred to as:

a ) Lovemaking
b ) Screwing
c ) The pigskin bus pulling into tuna town

2. You should make love to a woman for the first time only after you've
both shared:

a ) Your views about what you expect from a sexual relationship
c ) Five tequila slammers

3. You time your orgasm so that:

a ) Your partner climaxes first
b ) You both climax simultaneously
c ) You don't miss SportsCenter

4. Passionate, spontaneous sex on the kitchen floor is:

a ) Healthy, creative love-play
b ) Not the sort of thing your wife/girlfriend would ever agree to c ) Not the sort of thing your wife/girlfriend need ever find out about


5. Spending the whole night cuddling a woman you've just had sex with
is:

a ) The best part of the experience
b ) The second best part of the experience
c ) $100 extra

6. Your girlfriend says she's gained five pounds in weight in the last
month. You tell her that it is:

a ) No concern of yours
b ) Not a problem - she can join your gym
c ) A conservative estimate

7. You think today's sensitive, caring man is:
a ) A myth
b ) An oxymoron
c ) A moron

8. Foreplay is to sex as:

a ) Appetiser is to entree
b ) Priming is to painting
c ) A queue is to an amusement park
9. Which of the following are you most likely to find yourself saying at the end of a relationship?



a ) "I hope we can still be friends."
b ) "I'm not in right now. Please leave a message after the tone...."
c ) "Welcome to Dumpsville. Population: You."

10. A woman who is uncomfortable watching you masturbate:

a ) Probably needs a little more time before she can cope with that
sort of intimacy
b ) Is uptight and a waste of time
c ) Shouldn't have sat next to you on the bus in the first place


If you answered 'A' more than 7 times, check your pants to make sure
you really are a man.

If you answered 'B' more than 7 times, check into therapy, you're still
a little confused.


If you answered 'C' more than 7 times, call me up. Let's go drinking.



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

hi

NRE=NEW ( am I stoopid or what )

JSE Gold Index now up 3.5%. Looks like a good day today.

I think it is pretty safe to say that the gold bear is over and a new bull has begun. The real issues now are the length and strength of this nascent bull.

My take still is $320 this quartwr and $350 in the second half. But that forecast ( like all others on this forum ) should of course be taken with a grain of salt. Anyting is possible, even Ray's $550 by August projection. I'll be staying with my PM funds as long as we continue to see higher highs and higher lows.

.

Comeon you stupid silver! Prove me wrong and move your butt UP! And some people complain about golds non-performance!

http://biz.yahoo.com/finance/980331/autos_sale_1.html

I could only get 1000 t of that stuff. Glad you put out the word, Charlie

http://nypostonline.com/business/825.htm

CBS MARKET-WATCH website is now listing a Stock Index called "US 60."
Will someone tell me what this is?

Thanx for the info last nite. Arden said he did not have historical, but maybe he has aCommex ph #. I'll check. Tried a few times for 800 and couldn't get it.

Just wanted to repeat A.Goose's ***extremely*** pertinent observations of the desperate shell-game COMEX is playing with gold & silver:

"gold stocks jump by 50,418, which just happens to be the amount of that eligible dropped. 50,418 ounces came into the eligible stocks and 50,418 ounces moved to the registered stocks. Overall comex gold stocks increased by 50,418 BUT eligible were unchanged.

YES, it looks like a BIG shell game to me. Someone certainly seems to want to cover over the outflow and changes, becauce an exact effort was made to match the changes EXACTLY."

BRA-VO Goose! Twist the knob all-way 'round to depeche mode.

To quote Alec Lemas ( "The Spy Who Came in From the Cold", John LeCarre ) : "What we are witnessing is the sorry end to a squalid little operation"

When all this comes down ... the Dow ... the COMEX ... the Federal Deficit ... the intersellar expanses of unbacked Federal Reserve Notes ... the Euro ... the annihilated savings of the Baby-Boomers ... Year 2000 software failures ... the morally rotted out cities ... we are going to have some fun.

The End of the current crop of politicians, bankers, brokers, will not be pretty; hemp neckties.

Spud

http://www.theglobeandmail.com/docs/news/19980401/ROBFront/roakk.html

http://www.theglobeandmail.com/docs/news/19980401/ROBFront/rtriz.html

http://cbs.marketwatch.com/cgi-bin/htx.exe/squote?source=htx/http2_mw&ticker=$USLX

Indonesia can't afford to buy Canada's wheat anymore,
so Canada is loaning Suharto $250 million.
Ditto for Korea which got $35 million.

Crisis? What crisis?
http://www.theglobeandmail.com:/docs/news/19980401/GlobeFront/uindon.html

I just checked comex gold ( 9:44 ) . Said prev @ 3033 and open @ 3033 with last @ 3036. At 8:08 I printed for nite session ( ends at 8:00 am ) and the last was 3009. Anybody got any ideas---Goose etc?? The shell game continues

All PPT employees please report to your stations. You are needed immediately. This has been a public service announcement. Tom

( Jordy, calling up to the command deck ) : "Captain, we're in danger of a warp core breach if we continue!!"

Some moron sold 100 shares on PDLCF and the stock is down 3/16 ( 10% ) to $1 9/16 according to Yahoo.

With domestic labor markets the tightest they have been in many years and wage pressures increasing imagine where we would be without the Asia breaks and commodity weakness. TROUBLE!

While there is a lag between the Asian slowdown and commodity weakness and their ability to slow our economy, an Asian recovery and commodity strength would IMMEDIATELY strain our already strained system.

U.S. monetary policy has been too easy for too long. The Fed has capitulated to political opposition to restraint. Afraid to throw cold water on irrational exhuberance, interest rates have not been raised in almost a year, money supply has grown at over 10% for the past two years, and accounting changes have allowed debt to grow while reporting deficit reduction and elimination.

By the time the "authorities" report inflationary theft of purchasing power and it's dillution of creditors assets, it will be too late for fiscal policy to put on the breaks. Higher interest rates and a reduction of the money supply will not automatically ease employment and wage problems as the labor market is a large and forceful ship to turn.

By the time fiscal policy does cause a correction in inflationary pressures, it will likely overshoot it's mark. The longer the Fed waits to act, the more pressure they will be under to react quickly, the more definitive will be their actions, and the more dislocations and overreaction will occur.

While stating that Asia is only 1/3 of our exports which itself comprises only 15% of our economy, we are asked to believe that this will break inflationary pressures. It has not in five months since the crisis began, to the contrary, things have gotten tighter for us. Easy money is sloshing around the globe and nothing short of removing them will deflate this bubble gradually. Instead high inflation will raise the atmospheric pressure and force the bubble to implode.

Thanks Alan Greenspan for the courage you have shown. Probably blame the whole thing on gold speculators and hoarders and confiscate it all.

With domestic labor markets the tightest they have been in many years and wage pressures increasing imagine where we would be without the Asia breaks and commodity weakness. TROUBLE!

While there is a lag between the Asian slowdown and commodity weakness and their ability to slow our economy, an Asian recovery and commodity strength would IMMEDIATELY strain our already strained system.

U.S. monetary policy has been too easy for too long. The Fed has capitulated to political opposition to restraint. Afraid to throw cold water on irrational exhuberance, interest rates have not been raised in almost a year, money supply has grown at over 10% for the past two years, and accounting changes have allowed debt to grow while reporting deficit reduction and elimination.

By the time the "authorities" report inflationary theft of purchasing power and it's dillution of creditors assets, it will be too late for fiscal policy to put on the breaks. Higher interest rates and a reduction of the money supply will not automatically ease employment and wage problems as the labor market is a large and forceful ship to turn.

By the time fiscal policy does cause a correction in inflationary pressures, it will likely overshoot it's mark. The longer the Fed waits to act, the more pressure they will be under to react quickly, the more definitive will be their actions, and the more dislocations and overreaction will occur.

While stating that Asia is only 1/3 of our exports which itself comprises only 15% of our economy, we are asked to believe that this will break inflationary pressures. It has not in five months since the crisis began, to the contrary, things have gotten tighter for us. Easy money is sloshing around the globe and nothing short of removing them will deflate this bubble gradually. Instead high inflation will raise the atmospheric pressure and force the bubble to implode.

Thanks Alan Greenspan for the courage you have shown. Probably blame the whole thing on gold speculators and hoarders and confiscate it all.

Sorry! We're too busy protecting Vronsky, Disney and Drooy from this bull market a startin' here in gold! ( And Rangy and FSCNY and Sgoly and Angly and Wdepy, and Harmony--you get the picture! :- ) ( Tongue firmly in check and gold firmly in check until the PAPER BOYS upchuck on the buck! )

I went thru the last week of printouts I use to chart POG and vol. I found several little errors and a couple of "glaring" ones. If you can't get accurate info, then the situation turns into a buckety shop. What do you think? Thanx , Charlie

Out of PDG and XAU on the side line for now.Break below 80
will be negative ,support 76.Cycle down till April 20.
Happy trading

To all:
I always fear a $5 drop on the first day of a new month. It happens sometimes when I least expect it. We're not getting it today. We've had three months in a row when gold closed in the very upper end of its monthly trading range. I think that's a good sign.
Remember the words of Jesse Livermore: "In bear markets, prices tend to close near the bottom of the range and in bull markets, prices tend to close near the top of the range." ( loose paraphrase, but you get the picture )
Hang om there. I bet when we look at gold's monthly chart in May, it will show that April took us above the congestion of the past three months at $300-$305.

Happy trading,

The Preacher

Still haven't heard your enlightened opinion as to why the gold cycle you referred to a couple of days ago with such enthusiasm and pride did just the OPPOSITE of what the cycle said it should do in 1996 and 1997! Your silence is deafening, mein Herr! Must be a NEW PARADIGM IN STOCKS AND GOLD, EH? Or maybe it's because the hard money crowd ( now there's an oxymoron for you! ) are too busy buyin' all those great RSA mining bargains at the center of the earth to care much about the price of gold :- ) Whatever! I know you'll have a HAPPY FOOL'S DAY!

To All: There have been lots of postings about a market crash, decline of the US$, inflation/deflation, El Nino, the Big Bang and Y2K, and now along comes the SOLAR EL NINO. Article by Knight-Ridder in my evening newspaper, Mar. 31st, titled "Solar El Nino will create havoc with communications".

I'll quote a few sections. "During the next three to four years, the sun regularly will spew out storms with electrical pulses that will probably interfere with the electrical systems of satellites and could knock out Earth's interconnected electrical power grids. The damage could be in the billions of dollars, a government report warns."

"It's the space-weather El Nino," Boston University astronomy professor George Siscoe said. "The common citizen can expect some frustrating outages ... sporadic periods when most television reception will go bad as satellites go down and programming has to be rerouted. The same thing will happen with cellular phone reception ..."

"But that's nothing compared to the grief expected for telecommunications companies and the U.S. Department of Defense..." "You can expect fireworks anywhere from Christmas of 1999 and 2000 for the next three years," said Donald Trombino. "We're welcoming in the millennium with a bang."

I'm catalogueing your post with others you wrote. We might get thru the looking glass. If you were a large oil producer and wanted to be paid in gold, what would you do with the currency ( s ) you had to take? How would you control the cost to you of the gold you preferred? These are legitimate questions, not a spook, because I have thought about this and I'm damn sure I don't have all pertinent details. Looking forward, thanx Charlie

The majors stand ready to purchase up to one million tons annually from the central banks and spend $200 million on promoting the new coin -- a formidable counter-offensive to central bank mobilizations.

I saw this as well; the number I've seen reported for this is 1000 tonnes.

something wrong in your post.

they definetely will not purchase up to one million tons anually. I think you meant 1,000 tons anually.

Been there, the sun has a 11 year cycle. We are about to reach a peak in about 2 years. About the only positive is that short wave radio becomes very useable. ( stations on the other side of the planet sound like their local ) Last one Quebec hydro went down , but they go down all the time anyway. Could be real trouble for the communication satellites especially the old tired ones.

Date: Wed Apr 01 1998 10:33
chas ( A Goose re Comex ) ID#342282:

Hard to say what it is? Sounds like the june contract maybe?
GC M8 June Gold 3034

Maybe software glich.

CBOT not trading because of technical difficulties????

Remember, you only need $44.6 million to close out comex eligible gold stocks. Someone mentioned that comex would be able to come up with more gold to place in the eligible stocks.

Well, I wonder. Comex traded 3,000,000 paper ounces yesterday alone. If 25% of those folks took delivery, comex would have to provide 750,000 ounces. If the same action happened for a week, comex would need 3.75 million ounces.

And they run this market with 148,278 ounces. I don't think they have enough gold to play a honest game.

IMHO

1000 tons is a much better figure. Must have been a typo.

We hit the bottom of the this cycle in may of 96 so we more
like 4 years away from the next peak. I know this for sure
because my hobby Ham Radio depends on it. We watch it very
closely.

Who, by offering to purchase that 50m of gold has closed
the CBOT! {:- ) )

This question is for those that buy and sell metals vs those who sit on it waiting for it to hatch. [;- )

I heard of a book called;

Mathematics of Money Management by Mark Douglas.

Has anyone read or seen this book and have any comments on it. I am interested in buying it but would like a recomendation before I spend big bucks on it.

http://home.worldnet.fr/scdut/default.shtml

I'm running GC J8 ( April ) . Maybe typo on them, but in view of your work, I think that's a cover. If they keep it up it will sure screw up my work. Going after Arden for anything he"s got, thanx

Perhaps you would like to look at how the ISD handles that
problem? They have a specific agenda, specific rules and manage to wend their way through the currency glut...

Which is why their presence on the Committee of Twenty-four strikes one
as most significant! {:- ) )

POG holding up really well in light of the 3,000 tonne Japanese gold sale.

Satellite commmunications, my background, is affected by
intense solar activity, particularly the marginally weak links
displaying low signal to noise ratios. Also, the increase in
the faint pressure called solar wind caused by solar flares,
bursts, storms 'blows' the satellites off position a little
more than usual requiring expenditure of precious fuel for
repositioning. The most intense activity bursts encountered
over the past decade or two amounted to an inconvenience
due to intermittent loss of signal or increased bit error rate
to those dependent on the link. Don't know about ham radio,
cellular, power grids, etc. The 'eclipses' routinely encountered
during spring and fall equinoxes during which time the satellite
transits the face of the sun as seen from an antenna location
cause total outage temporarily ( 20mins or so ) and far more
trouble to space-baced networks than any solar activity
observed to date or anticipated in my informed opinion.

It appears from your post you didn't keep the figures on the comex eligibles. Ifyou have any string of consistent, let me know. Otherwise do you have a phone # for Comex? Thanx

Which you brought forward, if memory serves{:- )
Off for "Wake-Up" coffee jolt.

Great web site. Can you link up the ounce of gold chart on the first page? Would like to see it, too.

Since we are on sunspot activity now, I have a story to relate. My father told me the following story about when he was a kid.

He said that during the 20s-30s ( I don't remember the exact date ) That he saw cross country power lines get so hot from induced current caused by solar flares that the wires streched until they touched the ground. He also said that they had lots of power outages in those years.

I never knew whether to believe him or not. Has anyone here ever heard a story like that?

Just when I think the goal is open, here comes a fumble. You are right, I would appreciate your usual appropriate comments on this. Turn loose what you can. Many thanx, Charlie

Date: Wed Apr 01 1998 11:19
SDRer__A ( A. Goose--Do you reckon we found our "Donald Trump ego"? ) ID#280245:
Who, by offering to purchase that 50m of gold has closed
the CBOT! {:- ) )

SDRer, you know sooner than later some folks are going to step up to the plate. If for no other reason, because the amount of money needed to corner the market is tiny compared to any other areas.

Once the paper traders lose confidence, then commodities will be off to the races.

I agree exactly with your post! We hams look forward to solar
cycle peaks because propagation on the higher frequencies
( above 10mhz ) becomes terrific! I have worked over 100 countries
on 10m during the last peak using 2 watts and single sideband
and a 8 foot piece of wire. Also during flares that generate
an auroral event, signals coming over the pole have a distinct
flutter. The higher frequencies in the hf spectrum ( 28mhz )
have been showing signs of life with excellent trans-equatorial
skip conditions. The best on record was the peak of 1957-58 and
predictions are that this next one will even better. WWV on
5,10,15mhz ( for those of you that have a shortwave receiver ) broadcasts
a solar report at 18 minutes after every hour.

It wasn't me; I'm holding onto my PDLCF stock .
Just think what will happen with this thinly traded stock
when the metals complex goes soaring! Hang in there bud!

What Japanese gold sales, what news service?

Contains:
- Space Weather
- Ionospheric Propagation Conditions
- Space Alerts
- Lots of other neat stuff SOMEBODY here will eventually link to GOLD.

http://sec.noaa.gov/radio/radio.html

HenryD - Go Gold [up uP UP!]

It may be time to pull the plug. Great Laffs

A comment worth repeating by a Deutsche Bank official
from an earlier Yahoo snippet inserted by Donald ( ever grateful
for the impartial insertions of a day's world, Don ) --

``Other factors helping to support gold prices and revive demand in Asia include the realization that
gold did perform its traditional role as a store of value during the East Asian financial crisis of late,''
he said.


1. unit of account 2. medium of exchange 3. store of value

That is invariably the textbook definition of the basic
definitions of money and stated in that order for reason, the
second and third functions of money flowing from the primary.
Read comment again, upside down.

1. unit of account

2. _medium_ of exchange

3. *store* of value

Deep doo-doo.

No Japan Gold sales

There's a new entry on the Kitco Web Resource Links - the page for Frank Veneroso. Under the silver market section, he talks about the short position and the leasing of silver. For the first time that I've seen, he states an amount of total silver leased - 400 million ounces. He breaks it down to 300 by producers and 100 by consumers. He does admit ( as I suspect ) , that the total could be much greater.

Admittedly, I'm in a distinct minority in labeling metal leases as stupid and fraudulent and in saying that even the producers stand no chance of collectively repaying these loans. The fact that I stand alone in this conviction might make me lonely, but not necessarily right or wrong. But perhaps someone could explain to me how there is nothing wrong with consumers borrowing ( and thereby promising to repay ) material that they are vaporizing. To Veneroso's credit, he does ask the question of how silver loans can be repaid collectively in the current stockpile shrinking environment, but my question go

Vronsky:

Yesterday ANOTHER mentioned that he intended to read the Oracle of Alberta at your site. I have looked there twice since then and not found it. Is it still there? Would you mind posting the URL for us?

Thank you.

by the Dow and rejoicing at the downsizing of the military, our adversaries are busy building better missiles and delivery systems.

http://www.washtimes.com/news/news3.html

GOLDEN CHEESEHEAD
Regarding your recent comment of These RSA mines are in such DEEEEEEEEP DOO-DOO financially with $300 gold and $350-$400+ cost structures...
You must not have read the RANGY article then that Mr. Disney and I wrote if you think all SA shares are going down the tubes. Heres the link again if youd like to take the time to enlighten yourself: http://www.golden-eagle.com/editorials_98/polarbear031798.html ( minus the usual EN in goldEN-eagle.com )
It is conservatively estimated within the next two years RR will be producing nearly 500,000 ounces of gold at a very low production cost. RANGY management estimates a positive cash flow of $50-million a year with gold at $320 an ounce.
Crown is incorporating new technology for the pretreatment of dump material. This includes the use of spirals and cyclones that can concentrate 70% of the gold into 15% of the mass, which will dramatically reduce treatment costs. This year's average production cost is estimated at $275 an ounce, but, using the new preconcentration procedure, Crown is aiming for costs of $53 an ounce
Randgold Resources is accelerating the phase-two expansion program to achieve a production rate of 270,000 oz/year, at a cash operating cost of not more than US$210/oz, by the December quarter of 1998. This will be some 6 months ahead of schedule and $5 million under budget. RR is also preparing a bankable feasibility study for a heap leach project which will add 30,000 oz /year at only $110/oz. Syama gold resources are estimated at 5 million ounces and rising.

Chas hope this helps as a start point.

The New York Mercantile Exchange

The Exchange is a membership organization. It merged with the Commodity Exchange, Inc., on August 3, 1994; as a result, trading is
conducted through two divisions, the NYMEX Division and the COMEX Division. The NYMEX Division consists of 816 seats held
by approximately 770 individual members who conduct trading in energy and platinum group metals futures and options and have
proprietary electronic trading rights for all COMEX Division contracts. The COMEX Division is comprised of 772 seats held by
approximately 640 individuals who conduct futures and options trading in gold, silver, copper, and the Eurotop 100*, as well as the
NYMEX Division platinum group metals contracts on a proprietary basis. COMEX Division members also have proprietary
electronic trading rights for NYMEX Division products.






New York
One North End Avenue
World Financial Center
New York, NY 10282-1101
( 212 ) 299-2000
marketing@nymex.com

Houston
1000 Louisiana Street
Suite 1095
Houston, TX 77002
( 713 ) 658-9292



Washington D.C.
1331 Pennsylvania Ave., N.W.
Washington, D.C. 20004
( 202 ) 662-8770

Who will win? Da; Bears or Da; Bulls?

http://www.golden-eagle.com/gold_digest_98/alberta032098.html

http://www.golden-eagle.com/gold_digest_98/alberta032098.html

why does gold come out as golden in above link? change golden to gold in above link

A Tripoloar currency does not necessarily suggest a trilateral world; that is, one might suggest, the very antithesis of the goal; look at the concentrated efforts directed from such as the World Bank! They wish control of all from a single global source. Their goal is for a Global Master of the Mint. Their credo--one suspects--is that business is too important to be left in the hands of politicians, a belief endorsed by most central bank chiefs.

What we are witnessing is the subversion of the political to the commercial. That seems a strong statement, nonetheless it seems--from available information--a true statement. Business needs stability, business needs a currency that has a stable measure of value, business needs Rules that do not change with every election in every locality, when business is to do business over a broad range of localities. And politicians need business. But Big-Business is now border-less. Believe it.

Chas@whose.got.the.ball? Never fear, this community will work it out! {:- ) )

Suharto said the poverty level had risen in the past nine months. ``The reality is that our standard of
living has dropped,'' he said.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Money of the Mind; The History of Credit and Lending
in America from The Civil War to Michael Milken
James Grant; 1992


Where every debt is eventually repaid, if not by
the debtor then by the creditor, squirrel your nuts.

http://biz.yahoo.com/finance/980401/full_impac_1.html

I tried yourURL for Alberta with an o and a 0 , but "not found"!Maybe Vronsky can reinstate, thanx.

Japan sells not just 3000 tons of their own gold but also
1100 tons of gold they got from Korea, 650 tons from China
and all Russian gold ( nobody knows how much, but it's a bunch ) .
Anyway, Soros is buying all this stuff for pennies, and
Buffet is there too...Market is doomed and all of us also...

Just finished drinking with my buddy visiting from Moscow,
we run out of pickles, like usual. After 23rd shot he told
me that Platinum Mafia in Russia ( PM Wing of Russian Mafia )
already stockpiled12 mln.oz. of platinum in a basement
of UN building in New-York, and as soon as so called Black
Russians ( Russian mafia people working in RSA ) arrange for
revolution in RSA, which will shut RSA platinum mines, Russian
mafia will make a real good money on selling this stockpile
from UN building. Beware of danger, my friends...

I'm sure Suharto and his cronies are not finding any difficulties in finding food. His standard of living has risen on the backs of his people. I pity his people.

I know you got it. I'm not worried because I know sure as hell I can't do it. My outgoing email doesn't work. So I'll be CMA. It's like being in the woods w/o a flashlight-- if you don't know the woods, you'll get tangled in a laurel patch. Appreciate yours.

Date: Wed Apr 01 1998 12:28
chas ( Gianna and Vronsky ) ID#342282:

You have to cut and paste and then remove the en from golden-.

It's a silly little game we have to play to get to Vronsky's site, but that's life.


SDRer,

I wait daily to hear of some move made from the East on the paper manipulators of the West. I fear the middle east and far east have plans that will shake the west to its foundations.

For some reason, the server changes the address even though it was typed correctly www.golden-eagle.com is changed by server to golden-eagle.

edit the word golden to gold

For Polarbear ..
For Info Rangy was trading at 7 rands up from 6.25
monday .. I think I figured That with the 25 per cent
unlisted stuff it holds valued at ZERO it was worth 10
based on the rangold resources, deeps, harmony, and Crown
that it has. The total NAV as of yesterday was 13.44 Rd.
But lay off Mr Cheesehead. People with Cheese heads
should not buy RSA stocks .. they wouldnt be able to
deal with the level of profit. Leave him with his Lihir.

But Big-Business is now border-less. Believe it.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


If one can imagine trying to engineer and construct
a highway system or hydroelectric project during which
the ruler foot or kilogram weight varies randomly by 50%
in either direction in any given twelve month period,
imagine trying to rationalize capital expenditures
in which revenues, earnings don't come on stream for
a year ( s ) . Which, in my opinion, is partly the engine
of the phenomenal growth in swaps, trying to lock
something in, somewhere, somehow simply in order to
proceed on the firmest basis available. As things
grow increasingly chaotic in these financial realms
ever since the initialisation of the grand experiment,
closing of the gold window in '71, leaving no link
to gold or anything of intrinsic value since at least
7000 B.C.

For my money, it matters little if fiat currencies
are woven from silk, provided silkworms and farming thereof
are naturally of limits...or a backing basket of commodities--
grains, oil, etc. It's in parsing through the alternatives
and glaring drawbacks that the PM group remains the most
attractive as monetary backing simply as a practical matter.
Leaving aside the more esoteric-- metallic and physical
properties, traditional roles, mythical significances, etc.

Date: Wed Apr 01 1998 12:32
oris ( 3000 tons of Japanese gold and more ) ID#238422:
Copyright  1998 oris/Kitco Inc. All rights reserved

any url's, reference to Japan's sale, ..., Soro's buy,...

I do realize this is April 1.

So Japan sold all that gold,... What about treasuries???


You say...
"Soros is buying all this stuff for pennies, and
Buffet is there too...Market is doomed and all of us also... "

???


BBML

I did type it in, twice once for o32098 and once for 032098. My machine is highly suspect. Thanx

My memory is off today- what's IDB? Thanx

jim c ( 2bro2b ) ID#69280:
I'm sure Suharto and his cronies are not finding any difficulties in finding food. His
standard of living has risen on the backs of his people. I pity his people.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


There's a related situation the 27-nation OECD western world
over. Those who can and do issue the siren call that difficulties
must be endured and hopes/expectations sharply diminished are not
the ones who will suffer, whether or not those issuances have any
validity with an eye towards the longterm consequences of continuing
an institutionalized modus operandi that is not sustainable.

It is in that equation that my concerns dwindled to not much
beyond the boundary of the yard, and rightly so, given realistic
spheres of influence. It is my peeve that where the rights of another's
fist stops short of my nose, knowingly or unknowingly/uncaringly,
that one is left to take matters into one's one hands as regards
those most concerned. Where that/those failures lie is, in my opinion,
up for grabs.

If you guys persist, the news services will be
using "The big Japan Sale' to explain today's
drop in the POG.

either she got hosed by the travel agent,or the Rand has plunged,which one?

R5.05 = $1.00

I think the 3000 ton is a 4/one/98 deal

brain engaged

I was stopped out of my long May silver 6.31. I'm now short at 6.36, 6.40 stop. Silver broke my support line came back to test it and failed.

from Autodidact University and the School of Life than Yale ever taught me.

_____________________________________


"....the worst perversion of all, autodidacticism."
Gore Vidal

( snort! )

2B&c
I've always thought that the worst perversion is celibacy.

One for Haggis, in Scotland, "Hey. Hey. You. You. Get Offa My Cloud."
becomes

"Hey. Hey. McLoed. Get Offa My Ewe."

Date: Wed Apr 01 1998 13:06
chas ( A Goose ) ID#342282:
I think the 3000 ton is a 4/one/98 deal

Good call chas. Thanks.

Thought I should remind this time slot that eligible comex gold stocks are unbelievely low compared to the paper volume they are doing.

paper volume 3,000,000 ounces

New York-March 31-FWN--THE FOLLOWING ARE THE COMEX GOLD
warehouse stocks:
GOLD ( Quoted in Troy Ounce )

TOTAL REGISTERED
521,290 0 200 -200 50,418 571,508
TOTAL ELIGIBLE
148,278 50,418 0 50,418 -50,418 148,278
COMBINED TOTAL
669,568 50,418 200 50,218 0 719,786


only 148,278 ounces eligible for delivery in comex stocks. Mightly slime . If 1,490 people take delivery on their contracts - its gone. If 10,000 people get together $4,460 each they can buy out all the eligible stocks.

And of course, anyone of 100,000 rich folks around the world can pick up these stocks in an eye blink. The second they buy gold goes to the sky!!!

For mah brozair and His Eminence Oris
Ah am appy for you een your new role as mah numbair
one Cardinal. Ah am glad you tipped me off on the
Russian Mafia PM wing plan for revolution in RSA ..
Okay by me cause ah am needed in Roma anyway.
Can you arrange for zee 2000 cases of monsiour packo
peeckles to be sent pronto to zee vatican .. bring
zee ow you say buddy from mozcow .. we can always use
zee "backup" Cardinal .. Ah lak mah new job a lot ..
but do not telling zee Russian mafia about zee gold
from zee dairt macheene by gar ... Ah already had
enough trouble avec zee Templiers.
Best regards from youre fran zee Pope most holiness
Bernatz Xll

In another space and time, other's observances deemed that
that is the _strangest_, of one who practiced. : )

Have you been driving around talking to yourself in your shiftless car again?

For Robnoel
She got hosed CRAZY OR MORE likely she converted 1000
POUNDS to rands. $ rate is 5 plus .. pound rate pushing
8.5. I changed TODAY at 5.04 Rd/$. Something is wrong.

Attention Monsiour Joan d'arc alias Barnatz le Faux alias heprat.
Ah was so sad to read zat you deed not lak mah "imitation" of
mahself .. hah Hah.
Ah on zee ozair hand was so impressed by YOUR imitation of
zee beeg Monkey person..Eat eez always pairfeck by dam ..
Voulez vous la banane .. ho ho .. voulez vous la beeg rubber
tire ho ho .. you arre so funny by gar

Reuters 13:50 April 01:
COMEX traders were shocked to learn that all trading in gold futures would be suspended temporarily until further disclosures pertaining to today's surprise afternoon announcement.
Sources report that a "mysterious" speculator stunned the gold market just moments ago with his unsolicited bid to purchase the entire COMEX gold inventory for a flat figure of US$50 million.
The chairman of the COMEX, Pete Swappington, admitted that the surprise bid would empty the COMEX gold vaults and it would be necessary to find new inventory before any further trades in gold would be allowed.
"We have been forced to enact this Draconian measure in order to prevent a buy panic that might send gold to unprecedented heights," Mr. Swappington announced. "We are attempting to preclude any resultant and significant disruption in the gold derivatives markets. Furthermore, we are in touch with the U.S. Treasury and they are monitoring the situation closely. Naturally, there is concern pertaining to an irrationally exuberant rise in the price of gold and its negative effects on both U.S. treasuries and the U.S. dollar itself."
It is expected that further details will be released in another hour as to the identity of the mysterious speculator and the exact details of his gold bid.

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

Here are some 14 releases from CCN.
http://192.139.81.46/scripts/ccn-scroll.pl?query=@dockeywords+"stock=PDL">http://192.139.81.46/scripts/ccn-scroll.pl?query=@dockeywords+"stock=PDL" Past red ink, lots of hope. Good luck.

Ya! Ya! I like your rumor better

So this is the C.I.A

A few months ago, there was an opening with the CIA for an assassin. These

highly classified positions are hard to fill, and there is a lot of testing

and background checks involved before you can even are considered for the

position. After sending some applicants through the background checks,

training and testing, they narrowed the possible choices down to 2 men and

a woman, but only one position was available. The day came for the final

test to see which person would get the extremely secretive job. The CIA

men administering the test took one of the men to a large metal door and

handed him a gun. "We must know that you will follow your instructions no

matter what the circumstances", they explained. "Inside this room, you will

find your wife sitting in a chair. "Take this gun and kill her." The man

got a shocked look on his face and said, "You can't be serious! I could

never shoot my own wife!" "Well", says the CIA man, "you're definitely

not the right man for this job then." So they bring the second man to the

same door and hand him a gun. "We must know that you will follow

instructions no matter what the circumstances", they explained to the

second man. "Inside you will find your wife sitting in a chair." "Take this

gun and kill her." The second man looked a bit shocked, but nevertheless

took the gun and went in the room. All was quiet for about 5 minutes, then

the door opened. The man came out of the room with tears in his eyes. "I

tried to shoot her, I just couldn't pull the trigger and shoot my wife. I

guess I'm not the right man for the job." "No" the CIA man replied, "You

don't have what it takes. Take your wife and go the home." Now they're

down to the woman left to test. Again they lead her to the same door to

the same room and hand her the same gun. "We must be sure that you will

follow instructions no matter what the circumstances, this is your final

test. Inside you will find your husband sitting in a chair. Take this gun

and kill him." The woman took the gun and opened the door. Before the door

even closed all the way, the CIA heard the gun start firing. One shot

after another for 13 shots. Then all hell broke loose in the room. They

heard screaming, crashing, banging on the walls. This went on for several

minutes, and then all went quiet. The door opened slowly, and there stood

the woman. She wiped the sweat from her brow and said "You guys didn't tell

me the gun was loaded with blanks! I had to beat him to death with the

chair!"

__________________________________________________

go silver.

away...to liquidate my grain puts......tee hee ( chirped EB with tickled glee ) ....... ( OHMY$! ) ( $ ) !.

lovinit

Hey Ted....Aurator ( how'r the hops? ) ...StudioR...I'm buyin'. Let's chugum'!

I hope this is no joke. Would it not be ironic if gold caused the big crash? Wander who spent the fifty million? I'm on the edge of my seat!!!

http://192.139.81.46/scripts/ccn-scroll.pl?query=@dockeywords+"stock=PDL">http://192.139.81.46/scripts/ccn-scroll.pl?query=@dockeywords+"stock=PDL"

2Bro2B@trying.to.lock.something. in, somewhere, somehow simply in order to proceed on the firmest basis available." BRABO! We tend to neglect
the day-to-day realities {:- ) The existence, e.g., of WEF is an indicator of how serious global business is about this problem. Why one needs to
look at an international company like SGS--because one quickly realizes
there is NO possible way they can hedge efficiently in 140 currencies
over a four-prong base of critical business divisions. Thanks for acuity and clarity of thought!

A.Goose@Japan.Non.Sale.of.Gold Mischievous Nick@C started this last
night as a brillantly constructed April Fools Post. Not to worry
Goose~taint happening!

Chas@What.is.IDB? We all suffer from "cyber-memory-gap syndrome"; it comes from electronic-information-overload! IDB=Islamic Development Bank--they who measure money in gold weight...{:- )

XAU has given a sellsignal.Gold projected to slide to
296,happy trading

You got it again. I'm following this. I wonder how well the Saudi etc producers are following it. Thanx again

Let,s pick a tiny segment of the gold market, lets say the CM. I bet the crowd here could cornor something along those lines. If we own um all at these cheap prices, sounds like we set the market. You always have the gold. Just a thought---

had me going for 3 tenths of a second, I told my kids this am.
that school was cancelled due to the 6 inches of snow we got
overnight.
real news:
Dain Rauscher yesterday put buys in for:
Barrick
Battle Mountain
Homestake
today:
Cour D Alene
Newmont Mining
Placer Dome

do you think it might be a April Fools post?Ha looks like
april fools selling everything~~~~~~~~~Copper~~~~ka boom

Last week I posted that fortunes would be made shorting the JY. $7500 in the last 4 trading days is'nt exactly chopped liver. Although there will be cries of anguish from Detroit & thinly veiled threats from Washington

Last week I posted that fortunes would be made shorting the JY. $7500 in the last 4 trading days is'nt exactly chopped liver. Although there will be cries of anguish from Detroit & thinly veiled threats from Washington

The excitement made my day anyway ! But why doesn't some big player do just that?

.

With a few good gold producers, coin made with an established mint mark and 4 9's wht's the possibility of cornering the ME oil production??

Last week I posted that fortunes would be made shorting the JY. $7500 in 4 trading days is'nt exactly chopped liver. Although there will be cries of anguish from Detroit & thinly veiled threats from Washington, the inexorable trend is down.
Unfortunately a weak JY is not positive for AU as evidenced by it's recent performance.

Sorry about multiple posts.

Robnoel_A:

No apology needed, but terms accepted as offered.

PH in LA

Remember my post to you? HIGER AND HIGHER

Just back from visiting the ebay auction website. Bidding has closed for a one ounce American Eagle at $345. ANOTHER Eagle is at $330 and still out for bid.

$320-to $360 range? Yup, in there!

Muslims on UN Holidays
http://www.arabia.com/content/living/4_98/holidays_1.4.98.shtml

The two holidays -- Eid al-Fitr, which this year fell in January, and Eid al-Adha, which this year falls in April -- WERE PROPOSED BY ABOUT 100 NON-ALIGNED COUNTRIES AND CHINA.

But during he committee session, Qatar's ambassador, Nasser Bin Hamad al-Khalifa, argued THAT MORE THAN A THIRD OF U.N. MEMBERS AND MORE THAN A BILLION PEOPLE WORLDWIDE SUBSCRIBED TO THE TENETS OF ISLAM

A few years back , a few dates in the Chinese Panda went from 400-1000 in less than 12 months. Rarity- is you friend.

TrickyNicky@Cannedlaughter

Hey, I never thought there were so many gullibles out there. ( One day I'll tell ya about a couple of times i've been took in )


The best NZ April fool yesterday was flummoxed by the Speights Brewery in Dunedin ( thats New Edinburgh ) which offered free beer for a couple of hours only.
The Speights Brewery is situated at the bottom of the valley whence cometh the sweet spring water that, for generations, has made Speights Great. The full page advertisment in the local paper urged the good burghers of Dunedin to come to a tap on the side of the Brewery Building for the free beer. Needless to say, there were many takers. They hopefully lugged their peters ( half-gallon jars ) to the tap, especially bedecked for the occaision and were videoed as they poured clear, crisp spring water into the glass containers.

To really convince anyone that your post of 13:40 was true, you would have needed to follow through and post continuously for every minute on the minute until this mysterious comex buyer was outed. You know that's what you would have been doing had there been any chance of being true. Since it's been about 30 or so minutes since your last post, I assume it is not true. THEN AGAIN MAYBE YOU HAVE FAINTED AND ARE UNCONCIOUS. I better not write this one off yet! : ) .

I think its important to note that I don't think gold is impacted by a weak Yen as much as it is by a strong dollar.

The Yen could be down and Dollar could be down against, say DM, and gold would probably be up.

I've never had a lot of confidence in Munk & felt that he lucked into the Nevada properties. I had a bad experience with Lowen, when they really got hosed by a jury in Mississippi--to the tune of 125 mil.
This whole ABX/BRE-X thing makes me a little nervous. I would'nt put it past Munk to have left ABX open to a suit by trying to lever the BRE-X bonanza cachet into a higher stock price, even though they knew it was a fraud.

Now that Munk is concentrating most of his efforts on real estate, I would'nt be surprised to see that sector crash & burn.

Suspicious:

A.Goose has his tongue firmly in cheek when he boldly claims that the comex stocks can be had for $44 million. The moment the first contract was bid the price would start rising and by the time the last one was purchased the run would be well under way and the spot/strike price would be well beyond the initial price. Shorts rushing to cover would add insult to injury.

Please correct me if I'm wrong. Some of the traders would be more familiar with this than I am; and what about the graduate from Bel Aire with the degree in macroeconomics from Yale? Any comment from that quarter?

As I understand the Oracle of Alberta, ANOTHER, Ted Butler, and others, the situation is on the verge of this and could go this way at any moment.

PSGQF
2:02PM
@ 0.42/share +0.03 +6.33% 19,700

+6 1/3 % not bad for one day.

HighRise

about me ( since you obviously weren't around when the
Kitco discussion got started ) :

1. I am much younger than you.
2. I never short gold.
3. I have yet to be on the wrong side of a gold call.

adds,for metric tons of gold,I've been in this busness a long time,it is a scam,I get calls all the time this bus is hard enough dealing with honest folks,the fly by nite former car salesman rub me big time.

Carpe Aurem ( @James ) ID#339292:
I think its important to note that I don't think gold is impacted by a weak Yen as much as it is
by a strong dollar.

Then you should take a look at Bill Buckler's AU/JY chart.

Have'nt you noticed an inverse relationship, especially the last 1-2 years?

...with gentlemen like former president George Bush and former Prime Minister Brian Mulroney and Vernon Jordan sitting upon the ABX board of directors, the likelihood that ABX will suffer any negative repercussions from its relationship with Bre-X is less than zero ( there is no smoking gun ) ...and the chances that the XAU will suffer any negative repercussions from the suit are two times less than zero. On the other hand, if Bre-X litigants win hefty awards against some of these Wall Street and Bay Street investment powerhouses ( and I rate the chances at better than 75% ) , then I think the BKX index will take a huge hit.

F*

...just a touch under 300...enough to whip up a good deal of short interest action yet not so weak as to discourage future bullish enthusiasm. Smart manipulation on the part of the market makers.
( Are they sending a hidden message that the gold shorts are the April Fools? )

F*

James
Your 14:31, Munk as schmuck buying real estate at top of cycle. My observations are that the best kinds of inter-generational assets are Real Estate and Real money. They appear to move out of phase with each other. It is my pick ( being endorsed by the local news on real estate prices ) that Real Estate prices have reached their peak which is why I'm out of real estate, and as real money is in the trough....


Munk is gonna send a lot of money to money heaven...IMAFO
in my april fool opinion

...judging from the tone on this forum, gold bulls are still in a very cautious frame of mind. They still do not fully believe in a sustainable gold rally. Much nervousness about Nick's "phony" Bank of Japan post indicates that the gold bulls remain steady but cynical buyers.
Yet, it's the very unsteadiness of their convictions that augurs a developing gold bull.

F*

Let me ask this April Fools question, which is the most important?

IDC I bought more!

Half of the PDLCF ( American Palladium ) volume so far IT WAS MINE!

and IDCIBM ! GO Pd.

Be still my beating heart.

As I have never experienced the blessed state of infallibility, I envy your perfection...especially at such a young age ( You state you are younger than me...how old in fact? ) .

On the other hand, I must confess to making errors and misjudgements in my life...but great lessons learned from the occasional failure, I think. Still, I remain optimistic that my current prognostications in the gold market are highly probable.

F*

New Patent for Microsoft protested by Sun

http://www.theonion.com/onion3311/microsoftpatents.html

...but I think my fictional scenario is much more likely than the Bank of Japan ever dumping their gold reserves into the market.

U.S. treasuries first...gold last. That's my belief anyway.

F*

Sure hope you ( we ) do well with PDLCF - been riding this horse quite a while now - time to GO, BABY!

Sorry I got out of SWC, a man learns from his mistakes as F* says.

So, into PDLCF to make it up. Got 3,000 shares at $ 1 13/16.

But, a few points back on SWC and I will be getting into it too.

GO Pd !

realistic----

go here and look at the sea of red in the grains....

http://www.bmiquotes.com/cgi-bin/htx.exe/dbcfiles/curcommt.html?source=core/bmi

time to re-post your re-posts of my posts relative to grains....
and your comments.....'a likely bottom is in for the grains'
posted 2 months ago....dbd!

yeah, right.......realistic---ally.....you better re-think your
THOUGHTS, and take ANOTHER look at what is staring at you......

CROW........baby........yes CROW.......AAAAWWWWKKKKKKKKKKKKKKK.....
better stick to posting comex data, it fits you like a glove....
nothing better than cheap grains....except when they were expected!

cherokee!;...swinging-the-scythe-of-life-at-un-realistic-peopleo....

What's your current gold call?

For Farfel

Continuing on behalf of Bernatz le faux.....

4. I lie a lot
5. and I steal monikers

To close to the truth to be satire? {:- ) )

James: Sinking yen certainly a negative for POG. Gold holding up very well considering, but probably would be five bucks higher if the yen was still at 125. And with the Dutch and Portugese CBs probably selling AU as we speak, this gold bull will have to fight heavy headwinds for awhile.

But if the old adage about bull markets climbing a wall of worry is true, POG has a long way to go on the upside.

To close to the truth to be satire? {:- ) )

Worth a hell of a lot more than the nugget variety ( more fun too,eh )

For some time now one of my oft postponed projects is to sit down and run a spectal type analysis of gold prices, daily price changes and of the two together and see if there is a chaotic correlation. I think you'd run into trouble though with the bandshift you'd get due to inflation, which over the last 30 years has varied enormously, so that you're actually dealing with a small universe of prices. Maybe use a fudge factor of CPI or interest rate or both?

As for the handle, I'd been one of many consecutive 'neophyte's but then Bart instituted registration so I had to choose a permanent handle, 223.
( Bart, if you're reading this, why not make neophyte, newby et cetera temporary handles only? ) At the time that was the market cap of SSC, 223,000,000. I'm not a shooter generally, although I have to carry a gun daily due to my line of work. And I think that for hunting the 223 would be an entirely inadequate calibre, so that if I'd chosen a handle on that basis it would have been 22-250 or 243 or 270...

Warning, the following is totally unreadable. Best scroll on. :^ )

I think that gun ownership rights should be reframed as a civil rights issue to make them understandable to the general public and try to refrain from discussing the matter otherwise. While from time to time I have some posts showing anger toward neofascist government, most of my internet posts on that general subject have been to point out aspects of historical relationship between ownership of items which create personal empowerment, guns, gold, land, books, et cetera.

speaking of the hep-rat and honesty....

go back and read kitco the archives...
he was caught in an outright lie
realtive to his age....it was my arrow
that hit the mark...he simply shrugged
it off and continued his patheticisms...
he also claims to have been a gold bear
for exactly the time gold has been in
a bear market!! mr perfect....in a wet dream.

john meissner----SWAT!.....there, now we both feel better.
sorry, i mean....

hep-rat---

so you made 2 calls.....so what. c'mon bmat....give
that which you desire the most, yet cannot....

another 'right' call.........you cannot do it...har dee har har....
by yar....and i know why!!!! doo dee doo dee doooooooooooo.


cherokee!;..knowing-unc-and-knowing-peopleo...it-was-me.....heeee..heeeee

I would appreciate your assessment of my post yesterday at 19:02. You have excellent command of this language...is my thought not true?

is "considering" yer favorite word or is 'this' a broken-record?

http://www.stockmaster.com/sm/g/R/RANGY.html

223 -- Why do you feel you need to have the government 'give' you rights?

223---

this caliber is more than adequate....it has to do with placement...

get a slug-gun....300+gr @ 100yds @ 1-1/2" pattern...mean&nasty---
$450. reach out and touch someone.....

Called World Fin Ctr #. Supposed to get a call. Maybe tomorrow, thanx

but most of the people educated in the english speaking world over the last 30 years have been indoctrinated in the language of socialism. They have no concept of nor language for constructing an understanding of natural law, judeochristian ethics, socratic morality, et cetera. So expanding the concept of civil rights advocacy is probably the easiest way to educate without argument. If you will notice, BTW, the NRA has also incorporated this concept into some of their teaching material.

I think this apples to the accrual of wealth as well. As long as the only people talking about rights are those who are anti-property-rights, then we'll continue to have these frantic worries about government confiscation. We need to start publicising the human suffering involved whenever there is gold confiscation. ( The other side does this all the time. Imagine the outrage that would have been generated if the Koreans had been encouraged to voluntarily turn in their HIV positive friends for mandatory treatment. Since it was gold there wasn't a whimper. )

223 -- What the government can 'give', they can and do take away. Therefore, anyone relying on their so-called 'civil rights' is just simply begging to be a 'victim', regardless how uninformed they are!

Hillary Clinton calls Bill one day, and she's bullshit.

"You bastard, you've gotten me pregnant!" she yells.

There's silence on the other end of the phone.

"Did you hear me?" Hillary yells. "You've gotten me pregnant!"

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

You have more faith in the U.S. judicial system than I do. After my Lowen experience ( which I felt was even more frivolous than this suit ) , I think I'd have more faith & trust in the Russian judicial system. At least in Russia, it's just a matter of getting the mafia on your side. In the U.S. there is so much graft & corruption involved that no one can guess the outcome of a suit with any degree of certainity. Combine that with a semi-literate jury that hates big foreign companies & I can envision a ridiculous settlement. BTW, do you think that the average Texan juror will be impressed by Mulroney? He is such a phony , transparent, duplicitous a*shole, that the lawyers should do everything possible to keep him off the witness stand.

It is not good to try to kill flies with a hammer. Use a flyswatter instead. And if the fly turns out to be a thug breaking into your bedroom one late night your twelve peers on the Grand Jury will be more symathetic if you talk about your fears, your sense of need to protect your family, et cetera than if you start trotting out all your freedoms.

The same general stance holds true if you're pulled over for speeding and some Louisiana deputy tries to confiscate your coin collection. As George Kennedy's character in "Cool Hand Luke" said, "You got to get your mind right, boy."

.

...that allows me to predict a victory for ABX in the Bre-X suit.

ABX has access to extremely powerful figures and institutions throughout the world. They can hire the most powerful, influential attorneys in America. Generally, the majority of court verdicts rendered in America are determined by who has the most expensive and powerful gunslingers at his/her disposal and the most political influence.

F*

He's obviously betting on inflation. If we end up with deflation then his
Co. ( Trizac Hahn ) will lose big. No doubt, he'll still have a few hundred mil left to see him into his dotage. At his stage in life, his business decisions are determined more by hubris & egomania than the welfare of his shareholders.

Because I outed myself, and also because when I asked him if
he had anything to do with the post in question, he denied it.
We all know that Cherrypee adheres to the doctrine of telling
the absolute truth and admitting when you have been had
( for which, see John Disney ) .

Cherrypee, for the last time, since you have so much trouble
counting beyond two:

1. The initial gold call to $325.
2. The preannouncement that a Benelux country was selling
gold one day before the actual announcement occurred.
3. The call that gold would be again be at $325 on 7/24/97
after it hit $325 on 7/7/97.
4. The call that gold would be at $310 on 10/24/97.
5. The call that gold would go to $300 "soon, very soon"
after Bart Kitner said the bottom was in at $310. ( It
arrived there within a week. )
6. The call of the bottom in gold at $277.25 +/- five dollars
and/or five weeks which has at this time proven to be true.
7. Add to this the correct call on Flag, the astonishing
call on T.IC, the repeated batting down of GSC who is always
calling for the gold bull, and the current call that what
gold does over the next few weeks is up to the participants
of Kitco, and the way they are behaving ( F+ as a prime example )
it just looks like its going to hover here for a long while.

Commodities in general took a big hit today .

...that touted Bre-X stock will have their collective asses kicked by a jury...especially if that jury gets to render a verdict shortly after a stock market debacle. At that point, most Americans will not be feeling wll disposed to major investment firms that snookered them into the stock market. Even without a stock market disaster, most Americans are regarding the investment firms of America as "pigs gorging themselves at the Wall Street trough." They will be happy to award impoverished Bre-X investors a small piece of the loot. A nice billion dollar settlement could imnpact somewhat on the Wall and Bay Streets' bottom lines.

F*

Just received my "mounties" with imprinted quarantee. lovely coin

Wall street over evaluation...solved. Y2K... Taken care of. Asian meltdown ...won't affect us. El Nino ...out with the bath water.Threat of Bill Clinton's immoral behavior...neutered. Derivative losses...hedged. You can all now safely sell you gold and join in the frenzy on Wall Street and make some real money. April Fools.

Just heard on radio that the Judge in Arkansas, ( A Clinton appointee of course ) has just dismissed the Paula Jones Case, As a retired soldier of course I will make no other comment.

Is there a company web site for PDLCF ( N. American Palladium Ltd. ) ??

Your URL, the April Fools message - I don't understand the joke. However, I hadn't noticed before the obvious pattern of increasing volume for Randgold. In Dec there was a little spike, Jan a bigger spike, Feb an even larger spike, and Apr a huge spike. Kind of interesting, I wonder where all the interest is coming from? - c

Dear Goose, the source of info is
Russian "Mafia Business Daily" newspaper,
so I would refer you to the latest issue..

In regard to treasures...you know, it's
a very sad story. Soros bought all of them
at the end of 1997 for nothing, and sold them
to Yeltsin for rubles+certain % in gold, who got
so excited that fired all his government for not
telling him that treasures were in Japan all this time.
When he's been visiting Japan some time ago, he didn't see
any of them...

.

PDL/PDLCF web site has been under reconstruction over past few weeks ( or was when I last looked looked in ) . Have been in and out of this stock several times over last few months with a nice gain... Company finances have been shaky, but the current price of PGMs has to help. Regardless, it's performance has bettered that of my gold stocks...

Eldorado Gold Corporation Reports 1997 Financial
Results, Builds Foundation for Growth

VANCOUVER, British Columbia-- ( BUSINESS WIRE ) --April 1, 1998-- Eldorado Gold
Corporation ( TSE, VSE: ``ELD'' ) today reported its financial results for the year 1997, a net loss of
$111.1 million or $1.52 per common share, including an after-tax charge of $95 million.

While they are building a foundation for growth, the foundation is sinking in a sea of red ink.

There are several more jrs all reporting big losses today. If the POG stays @ these levels for a few more Qs, most of these jrs will have to merge or shut down, further cutting supply. I can see the POG @ $450
within a year & the survivors tripling from here.

Dow/Gold Ratio = 29.61

XAU/Spot Ratio = .268

Gold/Silver Ratio = 47.09

"Date: Wed Apr 01 1998 16:23 RETIRED SOLDIER ( Sad news ) ID#347235:
Just heard on radio that the Judge in Arkansas, ( A Clinton appointee
of course ) has just dismissed the Paula Jones Case, As a retired soldier of course I will make no other comment."

Why won't you comment further? While you and I were putting in our 20+ years in the defense of our country, this weenie was going around screwing anything with long hair and a high-pitched voice! You owe him NOTHING! Not respect, not consideration; not the time of day.

My hat is off to you, sir. You obviously disagree with the judge's decision, but honorably refrain from comment. I'm afraid I don't have your powers of self control.

HenryD Go Gold ( GET UP, first! )

Soldier, I thought yours was another Apr Fools joke, but there it is on Irish news. I hope this is a war of the worlds thing. If not there is no justice

Soldier, I thought yours was another Apr Fools joke, but there it is on Irish news. I hope this is a war of the worlds thing. If not there is no justice

http://dailynews.yahoo.com/headlines/business/story.html?s=z/reuters/980401/business/stories/japan_1.html

The reason I wont comment further is that I willingly collect my retired pay, and as a retiree we are still subject to the UCMJ although I know of no one who has been recalled lately for punishment

Cherokee, 223, Old solider, et al;
Be sure to purchase your long guns before Nov. 30th, 1998. Most people don't realize that the "Brady Bill" requirements will include all firearms after this date. The FBI "WILL" have the new national instant-check database approval system, up and running by then ( inside word has it ) . This new system tracks, and spits out statistics on 67 data fields for each transaction. The system also has the capability to record and track ammo transactions, for future use of course. Don't be surprised to see national legislation that will require "ALL" private transactions of firearms to register under this new system. This not yet introduced legislation, was used to design the national instant-check database system. I wonder if Gold sales could be tracked in the same way ??

Gold-en Arms for the good guysGMJ

What if you told an April Fools Joke and nobody laughed? Guess my last post was, like Primary Colors, too close to the truth to be good satire.

http://biz.yahoo.com/finance/980401/britain_ch_1.html

Spud states calmly:

#1 ) This poor decision by a biased judge will be swiftly overturned on appeal.

#2 ) It says everything about NOW, the liberals and the democratic party: Women's rights were never anything but 'lip-service' to them - and President Clinton has indicated precisely the kind of lip-service he expects from America's women.

#3 ) We are living in a period of time perfectly analogous to the transition from the Roman Republic to the Roman Empire. Kiss your freedoms goodbye; it now only a matter of time.

This is an intriguing stat. You once said it was as I recall 14:1 pre 1929 crash and 2:1 after, back to 14:1 in Jan 1997 and now 1:29. Do I have that right? What do you think it means? Intepretations:
a ) Gold is too cheap ( Kitco mantra )
b ) The stock market is overvalued ( Motherhood and apple pie )
c ) a and b
d ) Gold is disconnected from the basis of Information Age asset values: information quality and transation rates ( Kitco heresy! )

Come on, cheer up, Spud.
Judge Webber making this judgment on April fool's day is just hilarious.

And only a few years ago everyone was getting retrained at the office, learning what you could and couldn't say to an underling and blaming Clinton for their trouble.

harharharharhar

Excuse me. This is too much.

RETIRED SOLDIER - I get one every month, just like you. And we E A R N E D that priviledge through combat duty, lousy food, deprived family and meager pay. While I respect your concerns for the long arm of the UCMJ ( that's Uniform Code of Military Justice, Kitcoites ) I, for one, dare them to try and take it away because of any political comment I might make.

Now I suppose the DOW will celebrate this news in the morning, yes? ..er, no?

HenryD - Go G... ( you know the rest... )

Do NOT read this and miss out:
___________________________________________
http://www.trade-futures.com/reports.html
___________________________________________
Cherokee - I sold the corn and oat puts for a HEALTHY profit ( YES$! ) . I had May. Too close to expiry for me to let ride. Now I await the opp to go long and profit....w/w. Let us now pass smoke signals across the western states...
Aurator and Ted - an avocado headed your way...
RJ - good talking w/ ya today. hang on to that  ouncer... ( ohmy ) !
away.
?

I have read recently that there is talk about restraining even further Gold purchases in the latest chapter of the "War on Drugs" scam.

Who are they trying to kid! Gold is far too heavy to transport for this purpose. Their real intent is to track the underground economy and to tax it into oblivion; an inventory of sorts to find out who has what so that they can come and take it away at a future date.

Will gold be confiscated? In a last ditch effort, politicians will try to grab all the wealth that they can steal, gold included. Its use will be outlawed for a time and then confiscated when it surfaces or when it tries to leave the country.

To all: Check out this article: especially the last few paragraphs.
http://www.afr.com.au/content/980402/invest/invest7.html

copyright."These Fibrocci numbers apply.Jan. '80 top to Feb.85 bottom 61 months.Feb. '85 bottom to Dec.'87 high was 34 months. 87' high to Jan98 low was 122 months. It is possible that we just reached the completion of a huge A-B-C correction of the previous bull leg ended Jan.1980." Prediction is a rally to 460 by the end of June.
Are there any tech analysists who would expand on this? Thought this might be my useful contribution to this site. Certainly worth discussion.

June Gold open on the high of the day as dealers sold on behalf of producers right from the opening. June slipped to 302.80 where physical buyers provided some support but the selling from dealers continued causing gold to fall, closing at 301.90.

In silver a number of players came into NY long. Commision houses began selling pushing silver lower which forced some of the weak longs out. Initial support was at 6.40 but selling from several different sources pushed May silver below 6.36 which triggered resting stop loss orders which push silver to the lows of the day before settling at 6.33

.

Why is the price of Gold moving ( look up ) ? According to Bart's charts, there's no exchange open right now. I'm confused.

HenryD

Well, how that April fools day? I guess all the people here who thought gold would be going into orbit because of the moral turpitude of the President of the United States of America will be issueing retractions. As I recall, the words scumbag, dirtbag and worse were freely bandied about. And since that was the reason gold was going skyward, it will begin falling any moment now, unless, that is, it wants to wait for the next bimbo to stand up and remember she was raped ( or whatever ) 20 years ago. Good thing the markets are closed! Otherwise the PPT guys might not be able to restrain the DOW any longer from imploding. Fortunately, by the time the markets open again, the scandal will have dissipated and western civilization will be safe, again.

And so there wasn't even enough evidence in all those 700 pages to warrent bringing this thing to trial, much less to convict! Well, now what's going to happen to the impeachment proceedings against the President of the United States of America? I guess with 700 pages of nonsense to leak, page by page, one day at a time to the press, we can look forward to gold on the verge of a breakout upwards for some time to come. IDC,IBM, just think I'll wait a little longer for all this really important fundamental news to work its way into the market psychology, some more.

Thank you.

http://www.afr.com.au/content/980402/invest/invest7.html

Bully Beef:

I'm not exactly sure, buy I bet my spelling is much closer to correct than the one who wrote Fibrocci. I believe it's spelled Fibannaci. Anyway, if noone else takes a shot at this, I will a little later. It's take-a-long-walk time. And it's been a long day.

The Preacher

Thanks for asking. It got up to 18.43 in 1929, dropped to 1.90 in 1932. It worked its way up to 28.61 in 1966 then fell off to 1.40 in 1980. The recent high is 30.54 set a few days ago. I have charts on paper to send if you provide your postal mailing address to donald@uconect.net

What does it mean? It measures the Dow in pre 1934 dollars rather than confusing and misleading 1998 dollars. It tells you the truth. It gives you an inflation adjusted Dow which excludes any governmental tampering with CPI figures. One glance at the entire 100 year presentation tells you it is a risky time to be in stocks and a great time to be accumulating gold.

straight from Arkansas,hm B.C. was her teacher in law school
( thats true ) whats up? is this supposed to be a victory for good?
totaly absurd,these guys will keep spinning their dishonest
web and anyone who chooses not to see how wicked the whole B.C.
machine is has been and undoubtedly will continue to be is likeaan
ostrich with his head buried up his own ass

Date: Wed Apr 01 1998 10:43
chas ( Cmax re last nite to PH in LA ) ID#342282:

I'm catalogueing your post with others you wrote. We
might get thru the looking glass. If you were a large oil
producer and wanted to be paid in gold, what would you do
with the currency ( s ) you had to take? How would you
control the cost to you of the gold you preferred? These are
legitimate questions, not a spook, because I have thought
about this and I'm damn sure I don't have all pertinent
details. Looking forward, thanx Charlie

Sir Chas:
There are others here much more articulate than I in the
english language that can better respond to this. Since you
have directed it to me, Ill take a stab:
What would I do with the money that I HAD to take?
To start, Ill assume that you are speaking of one of the
royal saudi families. ( A Venezuelan director of the
PDVSA, Indonesian petro-department head or Saddam
will all have very distinct different agendas. )
Hmmmmm., well, private jets cost money, so do pilots, the
new shopping center just north of Orlando needed a $50
million shot last month, the California complex lost 30m
last year, oh yeah....dont forget Roxanne in New York ( the
penthouse was expensive, but ohhhh my, we must
remember our priorities ) .

Seriously, this caliber of investor ( winfall collector ) likes to
play near to or in some how involved with his money. You
cannot play with the gold invest...the other above
mentioned tangible investments are quite fondle-able.
There is never a shortage of investments, only time in ones
life to administer them. At htis stage, budgeting ones time
becomes priority number one. Also, all gold and major
cash would be kept in Swiss account...dont trust those
offshore jungle islands much...and good god, the U.S.
goverment even less!

I dont follow your question about controlling the cost to
you of the gold you prefered, but if you are refering to the
question of at WHAT PRICE do you accept gold for your
oil, I dont beleive that it is a question of price in as much a
question of QUANTITY.
In other words, X quantitry of apples = Y quantity of oranges.
Whether the price goes up or down on one of them is of no consequence, unless less it was a permanent trend and someone
else wanted the apples. As in all transactions, the product always goes to the highest bidder ( sometimes a more trustworthy but lower paying trading partner IS the highest bidder ) . I would recommend that you reread ANOTHERs post on the subject.
It is a very refreshing perspective.

Never mind, guys, I think I just figured it out. Apparently it took Bart's frame ( above ) a few hours to update the closing numbers. Isn't technology wonderful?

Sorry to bother you all;

HenryD - GG!

This INPATHIQUE discovery continues to predict the future moves of the precious metals index ( gold ) of the Toronto Stock Exchange with astounding accuracy for months. http://home.istar.ca/~inpath/project.shtml#itsgl
The prediction of the move through what they call a First X-over last Wednesday precisely on the mark is a radical move forward in technical analysis. I've been doubling my money every two week to four weeks via ABX which I chart with Inpathique along with the additional input of this index's Inpathique pattern.

It is the trait of a true-believer that no matter how gross the act, he will adhere to the icon of his mistaken faith to the end.

If Bill Clinton sent six million Christians to the gas chambers ( dangerous right-wing militants, to protect public safety ) and the economy was humm'n along ... would PH'ed just say "he's doing a great job; what does his religious preferences have to do with his job?"

Just a simple reminder that we are seeing 1940's totalitarianism here in America, the names have changed, the tactics are a little ... slicker
this time ... the end will be the same.

Pretty much nothing, since it told you back in
October not to invest in the Dow but to invest
in gold. Where did that get you? Pretty much
nowhere, since gold has gone to new lows since
October and the Dow has gone to new highs.
Where does that get you? Back to the beginning
of the supposition, which is that gold is a
good investment and the Dow is a bad investment,
and I have developed a ratio to show just that.
Where does that get you? Well, suppose I had
a different ratio, which is money I made from
the Dow over the last 20 years versus money
I made from gold. Ahh, but that is for another
channel, the channel where people actually know
what is going on.

Donald used to say after a 10% rise from
the previous high of around 27, he would
admit he was wrong. There has been
greater than a 10% rise, and he is saying
the same thing, that gold is a good
investment and the Dow is a bad investment.
I have stated all the time that the ratio
is meaningless. It's like taking the ratio
of total box office receipts for current
movies over airline tickets sold to Peru.
All it tells you is that the Dow is high
and gold is low. It has no predictive effect.

Maybe Paula should be glad she is alive, given the tragic end
so many other detractors have endured.
I have long felt that a catastophic end to Clintons career would
trash the US dollar, the stock market and send gold to where it
belongs, over $400. Not making any predictions, just venting a
gut instinct. There has been a direct positive correlation to
Clinton follies and dollar strength, he has been wandering through
a minefield of his own creation, and the dollar mostly is inverse
to gold price. Patience is an attribute I admire but do nor possess
so I am always fighting the desire to sit on the edge of my seat.

http://biz.yahoo.com/finance/980401/markets_co_2.html

If you don't have the brains to comprehend the Dow/gold ratio, don't show your ass

Every currencys gold value is a matter of USD translation. There is ONE exception {I think they are probably two, but--as yet--can not prove that]. The USD gold value is calculated from a set of 533 sample prices.

The only other currency whose gold price is NOT predicated upon USD rates, has its gold value calculated on the basis of 1,080 sample prices. That currency is the Swiss Franc.

On Wednesday, April 1, 1998
1 Japanese Yen = 0.00002495 Gold ( oz. )
1 Gold ( oz. ) ( XAU ) = 40080.2 Japanese Yen ( JPY )
Median price was 0.00002495 / 0.00002500 ( bid/ask ) .
ESTIMATED PRICE BASED ON DAILY US DOLLAR RATES.

ON WEDNESDAY, APRIL 1, 1998
1 GERMAN MARK = 0.001796 GOLD ( OZ. )
1 GOLD ( OZ. ) ( XAU ) = 556.793 GERMAN MARK ( DEM )
Median price was 0.001796 / 0.001799 ( bid/ask ) .
ESTIMATED PRICE BASED ON DAILY US DOLLAR RATES.

ON WEDNESDAY, APRIL 1, 1998
1 BRITISH POUND = 0.005572 GOLD ( OZ. )
1 GOLD ( OZ. ) ( XAU ) = 179.469 BRITISH POUND ( GBP )
MEDIAN PRICE WAS 0.005572 / 0.005567 ( BID/ASK ) .
ESTIMATED PRICE BASED ON DAILY US DOLLAR RATES.

ON WEDNESDAY, APRIL 1, 1998
1 CHINESE YUAN RENMINBI = 0.0004008 GOLD ( OZ. )
1 GOLD ( OZ. ) ( XAU ) = 2495.01 CHINESE YUAN RENMINBI ( CNY )
MEDIAN PRICE WAS 0.0004008 / 0.0004014 ( BID/ASK ) .
ESTIMATED PRICE BASED ON DAILY US DOLLAR RATES.

ON WEDNESDAY, APRIL 1, 1998
1 ECU = 0.003575 GOLD ( OZ. )
1 GOLD ( OZ. ) ( XAU ) = 279.720 ECU ( XEU )
MEDIAN PRICE WAS 0.003575 / 0.003572 ( BID/ASK ) .
ESTIMATED PRICE BASED ON DAILY US DOLLAR RATES

BUT look at the SWISSIE--its price is based on a look at 1080 Actual Prices
On Wednesday, April 1, 1998
1 Swiss Franc = 0.002182 Gold ( oz. )
1 Gold ( oz. ) ( XAU ) = 458.295 Swiss Franc ( CHF )
Median price was 0.002182 / 0.002187 ( bid/ask ) .
Minimum price was 0.002163 / 0.002168
Maximum price was 0.002190 / 0.002196
75% of the prices were above 0.002177 / 0.002182 and below 0.002184 / 0.002189
COMPUTED FROM A SAMPLE OF 1080 PRICES ON TUESDAY, MARCH 31, 1998

ON WEDNESDAY, APRIL 1, 1998
1 US DOLLAR = 0.003318 GOLD ( OZ. )
1 GOLD ( OZ. ) ( XAU ) = 301.386 US DOLLAR ( USD )
Median price was 0.003318 / 0.003323 ( BID/ASK ) .
Minimum price was 0.003303 / 0.003308
Maximum price was 0.003336 / 0.003341
75% of the prices were above 0.003309 / 0.003315 and below 0.003324 / 0.003330
COMPUTED FROM A SAMPLE OF 533 PRICES ON TUESDAY, MARCH 31, 1998

Please note that currencies other than Swissie and USD are ESTIMATED...

Since I ignored it last October when I put money into the
Dow instead of into gold. Is the Dow/gold ratio giving
you the confidence right now to plunk your money into
gold? How is this any different from F+ chant, since
both are not backed up by past performance.

HTTP://WWW.OANDA.COM/CGI-BIN/NCC

All "prices" just cut and paste--untouched by human hands and/or thought {:- ) )

Thanx a lot for this. It must have taken a while. I will digest and get back

what was that about posting limits?Now now show us the way.

http://biz.yahoo.com/finance/980401/toyota_720_1.html

http://biz.yahoo.com/finance/980401/nissan_720_1.html

http://biz.yahoo.com/finance/980401/mitsubishi_1.html

http://biz.yahoo.com/finance/980401/chrysler_c_1.html

Recently we had what I'd argue as a "steep move" up from aprox 585 to 646 over three days. Very nice, as I'm holding a fair bit - but I don't believe in "steep moves" like this.

Steep moves or in other words "unrealistic expectations" are followed by a return to reality.

What do I define as a steep move. Very subjective, I'm afraid - mainly eye-balling the graph - not very scientific.

Nevertheless, it appears to me that we had other "steep moves" towards the end of what I read as waves 1 3 and 5 of the last cycle.

It seems to me that a sudden jump is followed soon after ( or immediately in the case of the end of wave 5 ) with a correction of close to 100%.

NOTE: Not necessarily 100% from the completion of the sudden jump, but 100% from the high reached soon AFTER the end of the sudden jump.

So. What am I doing to do about it?

I read the last steep jump as being about 60 cents ( 584 - 646 ) . Note this is not from the last low and we may yet close higher than 646. What I'm looking for is a drop of somwhere close to ( 100% of ) 60 cents from the next high ( probably a steep drop but not necessarilly so ) .

When I see that move approaching completion, I'll be increasing my current holding.

Will keep you posted.

http://biz.yahoo.com/prnews/980401/ca_lexus_s_1.html

Hep Du Ventanut: Must be tough, goin' through life widdout any respect. Huh?

Dissin', dissin' everywhere you go. ....... Perhaps there's a lesson there somewhere.

But then, with all those voices it's difficult to know which one to listen to. Hmmmm? Do work on it though. It will all be worth it in the end.

My brother, I regret to inform you that
requested 2000 crates with pickles were
stolen by the Food and Fool Wing of RuMa.
I'm currently paying big bribes to all
officials I can find around in order to
arrange for return of merchandise.

RSA Wing of RuMa just made an official
statement in mafia press that the real name
of Mr.Nelson Mandela is Nikolai Mandelov,
and that he supports penetration of RSA
by Russian female mafia members in order to
bring RSA platinum mines down. In light of
this new discovery, I would ask you, my brother,
to reconsider accepting young beautiful russian
blonde, which you ordered some time ago, and instead
take Mr.Yeltsin's mother-in-law, who are above
suspicion...Mr.Yeltsin also promised to pay you any
money in any currency you want if you do that...

I hope you are gonna be O.K., my brother, w/o pickles
and blonde, we will overcome some day...

I must agree with you on the DOW/gold ratio. I do not see how it is worth any emphasis. Whether you compare the DOW to gold, or you compare them both to the dollar, the DOW is high and gold is low.

the Euro was not going to be backed by any PM? What if the "gold only has mystical value" attitude prevails. What if the CB's of Europe actually want to drive up gold prices in preparation for a huge sell off where gold is traded for $US and Swiss Francs - the real backings for the Euro? The paper mongers win!! What if? Have not stranger things happened?

- not if I have anything to say about it. - c

Is that a merit badge you can earn by flushing your money down the toilet?
You learned a new verb, Earl, to dis. Have you been listening
to some of your grandkids' 45's? See the trailer for "Gang Related" on
a video rental? Welcome to our generation, Earl, only you're about two years too late.

I can appreciate on the minute decision for the dow, but I have had the confidence to be in gold since 1954. Also, what's in the ground is more important. If I had the confidence to catch the turn in the dow ( like chasing butterflies ) I may follow your trail. I also have confidence in the ability of the dow to turn on a button and reduce it all to below your investment. Hope you win, but I'm sticking to the anchor. No bad felings.

Thursday April 2 1998

Global stocks forecast to crash 40pc amid loose monetary policy
JAKE LLOYD-SMITH

The world's equity markets will crash this year,
losing 30 to 40 per cent of their value, according to
investment consultants Independent Strategy.
http://www.scmp.com/news/template/templates.idc?artid=19980402015813046?=biz&template=Default.htx&maxfieldsize=3238

Hep Du Ventanut: Surreal comedy of the Hepper variety is a difficult act to follow. Who needs video? ...... Stated perfection ( never wrong on gold ) is its own reward. Eh?

OTOH, if you canned that crap, it would make great fertilizer. The planting season is at hand.

In the meantime, concentrate on the voices. One of them is real.

If it happens, then we all gonna have a heart attack...

Several times today when I tried to get a quote on RANGY at that URL all I got was this error message from Stockmaster:

We're sorry. We are experiencing some technical difficulties today, April 1, due to our launch of the new version of StockMaster, which includes portfolios and other new features. Please be assured that we are working to correct the problem and will have the site up again as soon as possible. After waiting at least 20-30 seconds, you may click here to try
your page request again. Note that reloading the current page will simply refresh this message. We appreciate your patience.

Well, when you click on the place it says all you get is the same message. http://www.stockmaster.com/sm/g/R/RANGY.html

On the morrow:

Dollar go way up

Yen go down

Gold go down

Silver go down

PGMs hold true

OK

And stop thinking that a Dow crash is going to wipe
everyone's investments out. People have bought
houses and cars and vacations and sent their kids
through college on money made in the stock market.
These things are paid for and can't be taken away
by a market crash. Go to the SI Fairmile thread
and tell me that investing in gold did these people
any good. Throughout history, stupid people have
lost money on every form of scam and in every type
of solid investment. I've seen people lose money
scalping tickets to popular sporting events.
You can't get more stupid than that. Will I lose money
in the stock market. Undoubtedly. But will I lose
more than I've already made? Impossible.

223: As I recall, RANGY closed at 1 3/8 off a steenth. ..... 'n I'm still in SWC. The charts still don't indicate a downtick worth selling on.

The Dow HAS been a good investment and gold HAS been a poor investment. Some people don't "invest" as much a "hold" that which they beleive in. This is not cause to cast aspersions. The PRESENT and FUTURE are the issues at hand. I no longer view the Dow as an investment vehichle because of the risk. The downside risk of gold is minimal, at least in my estimation. Perhaps it is time to quit extolling past claimed sucesses and ponder the present and future. This, of course, unless you just like to rub peoples noses in any past mistakes. God knows we have ALL made a few. Any positive comments about the FUTURE of gold investment vehichles? Smile, life is good.yes? Tom

the SWC stockmaster file was working the last time I looked. It was still above $25 when I checked. http://www.stockmaster.com/sm/g/S/SWC.html

If so, maybe sellers show-this is itself good,for some.yes? Tom

Go Gold. Go Venta storm a colon.

Hep Du Ventanut: From your's of a moment ago. You might consider packing this in the fertilizer can as well: "But will I lose more than I've already made? Impossible." ..... Obviously, the future is yet to be determined.

It belongs in there, right along side of: "Never been wrong ( on the wrong side ) of gold". .... A rich source of cybernitrogen.

BTW, if you don't especially like my pursuit of your comments, consider for a moment how others have felt as a result of your continuous hassassment of them. Not only in the past but as recently as today.

223: SWC was down 3/16 today with a potential short term correction of maybe a point. The monthly looks great and it's still above recent highs at 23 1/2. I just couldn't see doing an in/out for a point or so. .... Besides, RJ just said that PGMs will hold 'n that's good enough for me.

I've got it now. Unless the Fibrocci was some type of a joke, the fibonacci numbers were named after Leonardo Fibonnaci da Pisa, a 13th century mathematician.
The fibonacci numbers are determined by adding the last two fibonacci numbers together: 1,2,3,5,8,13,21,34, etc to infinity.
What this guy is saying is this ( I think ) : The Elliott Wave holds that the universe is forever progressing in mathematical fashion of five waves up and three waves down. Sort of like the communist dictum of two steps forward and one step back to get where you want to go in continuing revolution.
Applied to the gold market, the Jan. '80 top is reckoned as the fifth wave of the fifth wave up, or the top of the top. It would then be natural for an Elliottician to look for a three-step decline in gold from the $800-or so level.
This writer says that the first wave down ( A ) lasted 61 months to the Feb. '85 bottom of $284 or so. The second wave ( B ) was a partial retracement of wave A, so gold rose to $502 at the Dec. '87 top which took 34 months. The third wave ( C ) was to be a down wave, usually similar to wave A in length and distance. He says it lasted 122 months into the Jan '98 low at $278 or so.
Therefore, he thinks the major correction in gold is now over and the next five-wave sequence has begun. His reckoning is that it will take gold to $460 by the end of June. What he didn't say, but I assume he believes, is that this will only be a beginning. And after a correction, gold will move much higher than $460 or even $800, possibly into the ANOTHERsphere around $10,000.

First of all, for what I understand, the waves that lasted 61 and 122 months were not fibonacci time lengths because 61 and 122 are not fibonacci numbers although one is twice as long as the other.
Also, the distance that gold traveled downward in waves A and C are nowhere near equal as wave A fell about twice as far as Wave C.
This may be why Robert Prechter still believes gold is headed to $103 or so.
And one more thing, since 61 and 122 are not fibonacci numbers, maybe that's why he called them Fibrocci numbers and he's jerking everyone's chain.
How valid all this is, I don't know. Maybe someone else can comment on it.

The Preacher

."These Fibrocci numbers apply.Jan. '80 top to Feb.85 bottom 61 months.Feb. '85 bottom to Dec.'87 high was 34 months. 87' high to Jan98 low was 122 months. It is possible that we just reached the completion of a huge A-B-C correction of the previous bull leg ended Jan.1980." Prediction is a rally to 460 by the end of June.

Earl, if I have made X in the stock market, taken
than money out and spent it on food, clothing,
house, car, vacation, other material possessions,
etc. and I currently have an amount Y in the
stock market which is less than X, can I lose
more than I have made?

Earl, if I have made seven calls on gold and
all of them are right, what is my current
percentage of correct calls? If someone makes
12 out of 12 free throws in a game, have they
missed a free throw in that game? Are they
shooting better than someone who has made 4 out
of 10 free throws?

22a. OUTRAGE GREETS TAKEOVER OF RESERVE BANK: BUSINESS DAY, 980401, P.13 - Public outrage has greeted news that Nedcor and Old Mutual have effectively taken over management of the Reserve Bank for about R1,5m in
off-market deals. The quiet acquisition was apparently possible because Nedcor's advisers, Fleming Martin, spotted a loophole in the Bank's financial structure. The Reserve Bank has had, almost since its inception, an authorised and issued capital of 2 million preferential shares which have been quoted on the JSE at 85c in recent weeks. Government does not have a blocking mechanism, so the Old Mutual-Nedcor group could take control confident that the deal could not be overturned in terms of existing legislation. Nedcor chairman and former finance minister Chris Liebenberg put a less emotional perspective on the deal
and supported Old Mutual's Mike Levett. "It is something I have had in mind since I rejoined the private sector," he admitted.
"It has been made possible by the replacement of the old Bank rate system of determining interest rates with the new repo system in terms of which interest rates are determined by the market."

.

Since my discussions ( rantings is a better word ) with RSA DEEEEEEP lovers is going nowhere and proving less, I propose two new gold indices to put an end to the fruitless rantings once and for all. The first index I propose to call the "HDR Index" composed of the 3 most beloved DEEEEEEPS in the world, HARMONY, DROOY and RANGY. The second I propose to call the "LBN Index" composed of what I consider to be three of the best non-African mines in the world, LIHIR, BARRICK and NEWMONT. Each Friday at the close of business the closing prices for each of the three mines in each index will be added together into one whole number and divided by three. The result will be the closing price for the respective index that week. At the end of the year on Dec. 31, 1998, we shall then divide the opening price for the index beginning this Friday, April 3 by the closing price on Dec. 31, 1998 and determine the respective percentage gain or loss for each index. The one with the biggest percentage GAIN or smallest perecntage LOSS will then be declared the winner of the contest and will settle the question of relative superiority as an investment for 1998! Agreed? If you think this contest is not fair or is not representative of the mines it is supposed to represent, then speak up now or forever hold your peace! May the BEST INDEX WIN! The competition begins on Friday of this week.

...is that the gold shorts and Dow Bulls will now proclaim that a major negative stalling the Great Dow Bull ( and its corollary, the Great Gold Bear ) has been removed in perpetuity. They will be exulting that "the CLinton Factor" has been removed from the markets and now, the American dollar will soar to the moon along with the indigenous stock and bond markets.

Of course, it is nothing more than a spin...and it is a total crock. Why? Because for the past month, they have been spinning the exact opposite spiel...that Clinton's potential impeachment is actually irrelevant to the currency, stock, and bond markets...that any such impeachment would have little if any effect on gold. Why? Because the Republican Congress in effect runs the country so ergo, it will be great to get rid of a Democratic impediment to Republican pro-Dow, pro-free enterprise hegemony. It is all part of the Wall Street New Paradigm...ignore all negatives or transform all negatives into positives. The corollary: when positives do occasionally manifest, then ballyhoo them to the hilt...crow about them all over the media and the marketplace.

The weird thing is that gold bulls and Dow/Nasdaq skeptics always fall for the same Wall Street New Paradigm tricks. You would think by now that most goldbugs and Dow skeptics would fully understand the methodology employed by the Great Dow Bull Stampede.

Unfortunately, the knee-jerk reaction by the downtrodden goldbug crowd is almost always fear. It is certainly the most ill-considered reaction.
Goldbugs must adopt the same methodology of the Dow Bull Mania...and this methodology revolves around the issue of perception. Like Dow Bulls, they must change the perception...transform all perceived negatives into positives or ignore the negatives entirely.

In that astute methodology, there is real power....

F*

23. TWELVE PRIVATE BANKS APPOINTED TO MARKET RESERVE BANK BONDS: BUSINESS DAY, 980401,
P.14 - Government yesterday appointed 12 private banks to handle market making of its bonds - a move which frees the
Reserve Bank to concentrate on its monetary policy objectives. Finance Minister Trevor Manuel said yesterday the
appointment of the banks represented a further milestone in bringing the marketing of government stock in line with international
best practice. It would enhance the transparency of the SA market and make it more competitive internationally. The first bond auction will be next Tuesday. The department said primary dealers would be required to bid for a minimum of 10% of stock on offer at an auction, and would be restricted to a maximum of 40%. The banks are: ABN Amro, Barclays, Deutsche Morgan Grenfell, First National Bank, Genbel Securities Bank, Investec Bank, JP Morgan, Merrill Lynch, Nedcor Investment Bank,
Rand Merchant Bank, Standard Bank of SA and Societe Generale.
http://www.southafrica.net/news/1998/today.html#economic

PSGQF
3:01PM
0.300000/share
-0.095000
-24.05%
24,000

Man, I lost 24% today.

HighRise

29. MINE DEAL SAVES THOUSANDS OF JOBS: BUSINESS DAY, 980401, P.3 - Gold Fields and the National Union of Mineworkers ( NUM ) have reached an agreement aimed at saving the jobs of more than 4 000 workers at Kloof and Libanon mines. The company said yesterday that agreements reached at both mines ruled out any person being forced to take a compulsory retrenchment package and was in line with the spirit and intent of the gold-crisis committee. The agreement contains two measures intended to minimise job losses. Gold Fields CEO Richard Robinson said: "With this kind of support from our workforce and their representatives, our industry will compete effectively in the international arena with the world's best".

Hep Cat, I used to teach and saw a lot of college kids like you - snooty kids that nobody liked. They were not dumb, however, nobody liked them. Classmates, girls, and teachers took a turn and walked the other way to avoid that unpleasant encounter with that snooty kid who shouted "I deserve some respect". Well, he did not want to change his behavior so he did not get any. Not from his teachers, not from his classmates, and for sure he did not get any from girls.

One would think that you should learn by now. Oh well, maybe its too late for you.

You think Japanese', et al. declines in auto sales might be tempered by their rise in truck sales? If so, enough to offset the whole decline?

Appreciate your posts always.

Respectfully, dj

"Of course we are in favour of the Euro. With the Euro we can take on the Yen and the Dollar on equal terms." Alfons Peeters, managing director of Eternit Construction Materials to Johan Cuppens, European financial journalist and analyst

"The Euro--the world's strongest 'local currency':"We expect the Euro to be a strong currency especially against the dollar..."

I like your idea... and let me add my onw index will be based on 3 of my favorites: Cumberland Resources, Manhatan Minerals and Minefinders Corp.
Good luck

Get back in from the ledge hombre, Pegasus only dropped
3 cents to .60CDN, -4.5 %

By the way, may I ask what is your current call on gold ?

Great post re. 30-40% stock market crash. Dow approx. 5500-6000? Seems optimistic.

Im 22 and got me a considerable amout of gold ( for my age, noone i know has any either or even knows it comes in coins!! ) , and im UP about 8.77 % for tha year, and yea ive seen gang-related didnt really like it, ( but I did see Dont be a Menace ( parody of Boyz in tha Hood ) , and kinda liked it ) , but as for the genration thing, I think that it really doesnt apply here.

What do you make of the really weenie volume today? 54,900 according to the chart. There was a big spike over 500,000 last year when it started its march down.

...although many goldbugs feel that Clinton and his regime are substantive impediments to a Great Gold Bull...and although many such goldbugs hoped that the Prez would be removed via the Paula Jones case...
they should stop for a moment and reflect upon the superfluity of positives resulting from Clinton's "escape."

It means:

1 ) The Republicans, who were hopeful that Clinton's ultimate impeachment might offer them a chance to win the presidency at the next election, must now resort to other tactics to terminate the Democratic hold on the presidency -- a fact that stands in the way of complete and total Republican rule of the U.S.A. What would be the best way to see Clinton and his heir apparent removed from office? Answer: Do whatever they can to ensure a stock market collapse occurs while Clinton is still in power. If such a financial debacle were to occur, then that would be the nail in the coffin of Gore's potential presidency.

2 ) Americans have been enculturated to root for the underdog. Ironically, owing to expert Wall Street spin, Clinton has been perceived as the underdog in the entire Zippergate mess... just a real, sweet warm
ladies man from Arkansas who put the country and the economy back on its feet, only to be villified by a cabal of vengeful, mercenary bimbos. Now, Clinton is no longer the underdog...he is the flippant victor and poor Paula Jones is left a defeated, little woman, crying in the street, unable to defeat the corrupt system and have her day in court. She is truly the victim now so it will not be long before the media and Americans in general rush to raise her up and, at the same time, tear down Slick Willie. It is a classic Horatio Alger tale ready to unfold, this time with a switch of characters in the roles of protagonist and antagonist.

3 ) The rest of the world can no longer sympathize nor joke about the poor sex-addicted American president who is set upon by his own "irrational" citizenry. With the Prez's problems behind him, America appears unified and stronger, an even greater bully ...at a time when it should be trying to soften and sweeten its image with the global family. Expect less tolerance...less forebearance...and more economic acts of rebellion from other nations and their leaders as they confront a bully they wish vanquished.

There are certainly a litany of other positives that can be deduced from the Clinton exoneration. Goldbugs need only spin them and disseminate them broadly to the world. At the same time, they must believe in the power and validity of these perceptions and avoid a flight into panic. The inexorable firmness of their goldbug beliefs in the face of an increasingly nervous Wall Street Bull Mania audience will attract other investors to them, like moths to a flame.

F*

Does anyone have any info on Anglo American ( angly ) pro or con. It was up almost 2 points today and up last few days ? Thanks

Miro ( @Hep Cat the Kid ) : The requisite and descriptive expression generally is: "It's not me. It's the rest of the world". ...... and so it goes.

...is that in the larger broader scheme of world events and news...

I DON'T CARE...I'M BUYING MORE.
I DON'T CARE...I'M BUYING MORE.
I DON'T CARE...I'M BUYING MORE.

F*

It's about time!

I DON'T CARE . . . I'M BUYING MORE!
I DON'T CARE . . . I'M BUYING MORE!
I DON'T CARE . . . I'M BUYING MORE!

Respectfully, dj

Japan Nikkei 225 ^N225 8:42PM 15962.84 -278.82 -1.72%

I DON'T CARE . . . I'M BUYING MORE! AND MORE! AND MORE! AND MORE!

republicans will do whatever they can to make the market crash?
You give them a lot more credit than I,I think everyone thats involved
in the paper machine is doing just fine at setting up the demise
of the stockmarket without any help from some inept politicians
if they tried to make it crash it might go up forever,OH NO WHAT HAVE I SAID!

223: Given the lack of excitement in PGMs today, 54k of volume is not unexpected. The 500k spike last year was probably on news that their hedging program left something to be desired. As well, they changed CEOs and were awaiting an environmental permit. ...... They had no shortage of reasons to decay into the mid teens.

Hepcat: Don't weep too loudly for the goldbugs. I just figured my PM stock paper gains for the first quarter of '98. Would you believe 19%? Actually it's 19% plus a fraction but who quibbles over small change while the money is still on the table?

http://biz.yahoo.com/finance/980401/interview


Montana bear Jim stack recommending 4% positions in euro & franco
neveda for stocks and 8% bgeix for mutuals. this bears been in cash
for years

Talked to a few women, who have just absorbed the news that the boss
can pull down his pants tomorrow and, well, you know now. AND THEY
CAN'T SUE FOR HARASSMENT!!! It doesn't count.

Guess the response.

I have been looking for big problems in all kinds of vehicle manufacturing. New plants are being built worldwide. By year 2000 there will be enough capacity to make 80,000,000 per year. I believe that the market is saturated now, that the excess capacity will make it much worse. GM has not reported yet. They are putting on a sales campaign with their own employees and their families. Things are not rosy in an industry that is related to about about 25% of all consumer spending. Korea and Japan have weak currencies and can undercut US producers. US producers are already complaining about the dollar being "too high". The whole scenario is deflationary. Auto prices will be coming down and manufacturing will be shifted to low cost countries. Contrary to what you have been hearing on CNBC, this is not the best of all possible worlds. And it is not good for stocks.

Japan Nikkei 225 ^N225 9:00PM 15847.15 -394.51 -2.43%

The Great Reckoning unfolding before all our eyes.

A woman can run faster with her dress up than a man with his pants down. Confucsius

...one thing that mystifies me is this: if you do in fact have a perfect record of gold calls...then why do you waste your time declaring your thoughts and ideas to a forum comprised of severely retarded individuals ( like myself ) who occasionally might err in their predictions of gold's path?

It does not make much sense to me...wouldn't you rather spend your time with other more knowledgeable and prescient individuals like yourself than with mentally deficient, blind people like us?

Are you trying to help us like some therapist at a psychiatric ward? Or are you simply raising your spirits or experiencing some form of sadistic glee in knowing that there are people like us who will never attain your level of insight??

Finally, if you do not short gold as you have claimed, then what is your aim in declaring its effective worthlessness as a financial investment?

Could you please answer? Inquring minds want to know.

F*

You are obviously well read in this sort of analysis. The fib thing was a spelling error on my part. If you want to see the discussion these guys have I will post their address for you. They are very serious and are the last two posters on a stock discussion group.The site had a format change and everyone left except these two. I came here when it wound down.

I guess my mind is not all that inquiring,but I am ready to buy some more,this last week of movement is actually making dec calls cheaper!

Looking on the bright side, at least you've seen the blueprint.

I'm a firm believer in martial arts myself. More fun than running.

Been wondering if your news search service is tuned just to find really
seriously bad news. If not, then this really has been a hell day.

Oh Steven King of the financial markets,did you notice the small rise in DOW. S&P and NASDAC? Wonder if the Japanese are buying. To them a PE of 50 would look good.

farfel ( @BERNATZ.: Exactly. Or more to the point, if perfection has been achieved, why not keep it to himself and "cut a fat hog" in private.

Alas, Monsieur Du Ventanut has stated on many occasions that he is on a mission. A mission to save the more "impressionable" among us from the clutches of dreadful charlatans, like you and me, and who would, if left to our nefarious devices, otherwise lead such unsuspecting sheep to an unwitting and untimely demise. ..... Goldwise speaking. A notable extension of the modern canon of social conduct: "Intrude into your neighbors business, in order to justify your own position and feel good in the process." ....... F*, you an I will never understand. ...... I don't care, I'll keep stepping on his nut bag.

There is a glut of used lease cars on the market.They are in good condition,they have been depreciated and the leasers keep up dating.Less money down, reasonable payments.This is combined with vehicles which last longer.My Dad's 72 Buick Skylark was finished by about 77. I have a 10 year old Toyota 4 by 4 with 2 times the mileage and age. This has got to hurt the manufacturers. Besides, for many people the motor vehicle is losing the status symbol. Many drive their old cars as a badge of honour. If being thrifty becomes chicf I'll be Leonardo di Caprio .Spelling...Titanic fame )

The glass is half full, hmmmmmmmmm, given the deflation scenario in the book, and what they considered to be a cure worse than the disease, the numbers relative to the money supply are a tad un-nerving.

Wednesday April 1, 9:06 pm Eastern Time

TOKYO, April 2 ( Reuters ) - Tokyo's benchmark Nikkei average fell below 16,000 in late morning session on Thursday as worries about Japanese companies' financial health continued to weigh on market, brokers said.
Bank issues and shares related to domestic demand continued to slide on worries over their financial strength, which were fuelled by news on Wednesday that non-bank Daiichi Corp ( 8847.Q ) had decided to prepare for liquidation, brokers said.

At 0158 GMT, the Nikkei 225 average was down 320.38 points or 1.97 percent at 15,921.28. June futures lost 360 to 15,850.

The market confirmed gloomy corporate sentiment, as the Bank of Japan said its diffusion index for major manufacturers, a key gauge of business confidence, fell to minus 31 in March from minus 11 in December. But brokers said the outcome was mostly what they had expected.

I might be missing part of the context of your posting regarding fibonacci number and Prechter; however I have been a reader of the Elliott Wave Theorist for some time and one of his persistent wave counts is that gold bottomed in a "cycle degree" A wave in 1982 which was then followed by a long and protracted intervening X wave which he thinks ended in February 1996. The two year decline that we have all experienced he labels a primary wave A of a second zig-zag formation. The ultimate target for wave C of Y is around the $200 area. Even if he is right about this wave count there should be a large B wave rally taking gold to the 340-360 area depending on the retracement level.

The wave count that you describe is one that he to my knowledge has never discussed but one that I think should clearly be considered as a possibility. If gold rallies beyond the 62-70% retracement level for wave B then this very bullish scenario becomes more probable.

I too, would like to say I appreciate your market comments

Sojourn

Nikkei DOWN 400 POINTS! - The rest of Asia seems to be
following suit. John Kutyn's pronostication is painfully materializing. And the Domino Effect will wash up on Western shores. The
only safe harbor will be the precious metals.

Those who fail to read Kutyn... will indeed pay dearly.

.

I am just pointing out that the self-annointed
prophets on this channel are for the most part
wrong.

The other day, EJ made up a story where he purchased
gold in 1978 for $120/ounce. Now, we all know what a
great guy EJ is, and what a great story this was.
Only problem is, you couldn't purchase gold for
$120/ounce in 1978. Now, since I am not campaigning
for most popular guy at this site ( you abhor Clinton,
yet you want this group to mirror his philosophy -
everyone at this site must be good buddies and
feel each other's pain ) and since I am not campaigning for
most ignorant guy, I pointed out the mistake in this
story. A site that purports to be beneficial must
have some type of foundation in truth. You raise
challenges, I answer them while at the same time
asking for data which would somehow refute what
I am saying or providing data which supports what
I am saying, and then everybody just kind of melts
away or starts assigning me motives and characters
they they feel most comfortable attacking. Earl
envisions himself a kind of Messiah, so he always
attacks using the Messianic thrust. Farfel has
a putdown at the ready for someone who shorts gold,
when I tell him I have never shorted gold, then
he just kind of stands there agog and tries once
again to make me a gold shorter. Farfel, I don't
short Amway stock nor do I have a family member
who was killed by an Amway truck or suffocated
using defective Amway plastic wrap. Do I have
to have a hidden reason why I tell people that
Amway is a terrible way to make money?

Wednesday April 1, 8:35 pm Eastern Time

HONG KONG, April 2 ( Reuters ) - Merrill Lynch International & Co. C.V. has issued 300 million American-style put warrants on the Dow Jones Industrial Average ( DJIA ) .
50,000 warrants control one index unit.

EXERCISE PRICE US$10,560 PREMIUM 2.23 PCT
ISSUE PRICE HK$0.3033 GEARING 4.5X
EXPIRY DATE 19.MAR.99 BOARD LOT 10,000
LAUNCH DATE 01.APR.98 PAY DATE 14.APR.98
REFERENCE PRICE US$8,800 LISTING HONG KONG
GOVERNING LAW HONG KONG LISTING DATE 15.APR.98
NOTES: CASH SETTLEMENT ONLY

vronsky---

there have been many here telling of the coming tsunami..kutyn has
nothing on any of us....he probably read about chaos and flux---here.

well, maybe he does have it on hep-rat...just barely.

that Japan was finished ( Kaput was the word he used
last night - apparently the Nikkei was somehow
resurrected this morning so it could be savaged again ) .
Yet Japan is not finished, nor will a 1000 point
drop in the Nikkei finish it tonight. One time
Vronsky went so far as to extrapolate the performance
of one Asian market to zero, telling us how many
days before that particular market went to zero
at the current rate of decline. What kind of
nonsense is that?

argue with this----

http://nw3.nai.net/~virtual/sot/dow8000b.htm

Hep Du Ventanut: So sorry, but we can only judge your intent by your words. Some of which, the more lucid of them, stated categorically that it was your intent to save the innocent on this site from the harm of misguided gold bug enthusiams. Saved from what to what was never made clear. But then, very little ever is.

BTW, you were at your ahsolute hysterical best as Crab Rangoon. Fond memories. How they linger.

innocent

the trend is your friend....your friend the nikkei....

http://web.kyoto-inet.or.jp/people/je3tbc/html/sthome.html

what a story...every picture tells a story don't it? rod

and words of wisdom from oldman.......

http://www.kitcomm.com/comments/gold/1998q1/1998_01/980112.225035.oldmaneee.htm

There is nodoubt whatsoever that the political fortunes of Clinton are joined at the hip to the fortunes being made in the financial markets. That is the reason why the government numbers numbers are constantly manipulated and the printing presses are going ar warp speed.

Recently there was a very moving piece by Abe Rosenthal on the Op Ed page of NY Times. He was chiding Gloria Steinem for her article belittling the Paula Jones case. He recounted the story of how his own sister Bess, a 19 year old secretary at the time, ran in terror one wintery New York day when a man exposed himself to her on the street. His sister caught pneumonia because of the exposure, stress and exertion, and died shortly thereafter. This was more than fifty years ago, but to this day he holds that unknown man responsible for the death of his sister and has been unable to forgive him.

Now the lady judge in Arkansas has outdone Gloria Steinem and has even gone on record saying that the "stress and harassment suffered by Paula Jones could have been endured by any normal person", or words to that effect.

Nonetheless resignation or impeachment of Clinton is inevitable and it shall come from the charge of Obstruction of Justice, same as for Nixon. Here I would like to reproduce a paragraph lifted from the PEI site.

"The issue of obstruction of justice is the only issue in this scandal. It would not matter much if Clinton had sex with every member of his staff as well as the entire House of Representatives. Such an issue is
NOT an impeachable offense unless there is a cover-up. What is impeachable remains the very same issue that brought President Nixon down - attempting to interfere with an investigation. Mr. Starr may not be popular. His tactics may even appear to be beyond the call of duty. However, that is our legal system if you were being investigated for criminal behavior they CAN subpoena your mother and often do. Yes they can have a friend wired and sent to your home. All those things are LEGAL and standard operational procedure. What is fair for the average citizen should be fair for our politicians as well."

intra-day dow.......peopleo on the move

http://nick.assumption.edu/DJIA.html

s&p roaring like a wounded aardvark....

http://nick.assumption.edu/SP500.html

Bully Beef, in regards to your 72 skylark lasting about only 5 years, now the govt takes into account a reasoning that cars last longer, are better built, and thus the quality is improved. So they gerrymander the inflation numbers lower to reflect this increase in quality. The same thing is happening with computers. Chips are faster and hold more data, and so this improvement in quality drives down reported inflation.

Not only do they make these kinds of adjustments, they revise upward Real GDP figures in the same way as Real GDP is inflation adjusted. The same is done with productivity gains. Much of productivity gains aren't the traditional output per worker anymore but faster computer chips, more storage space, etc.

and the nasdaq.....

http://nick.assumption.edu/NASDAQ.html

NJ: There is virtually no possibility that Clinton will suffer any temporal punishment for his actions. Nada. The system is too corrupt to allow that to happen. He will retire from office unscathed and collect his pension check. To bet against him right now is as foolish as betting against the DOW.

He will however, lose the one thing he would treasure most. A good mark in the history books. ...... big deal.

and gold.....what of buying low, and selling high?

http://www.digisys.net/futures/chart/fstwin70.gif

or selling high, and buying low? everything is cyclical....
this cycle has run its' course....

Is that just for the US market? Just thinking about all the rhodium, platinum and palladium in 80,000,000 catalytic converters and all the gold in 160,000,000 airbag detonators...don't matter if car prices are cut in half as long as they use PMs...IMHO ( I keep fergettin' that IMHO thingi. You folks just remember that everything I write is IMHO, please. I don't know nuthin' don't see nuthin'. )

Cherokee: Yer on a roll. That's four posts in a row - "Denied access".

Earl - You said that I was trying to save people on this site.
This is a quality that you ascribed to me. I immediately
responded by saying I didn't care one bit for the sheep
that wandered onto this site, that I was pointing out
that people who claimed they knew a lot ( Vronsky with
the Asian markets, for example ) didn't know diddly.
Earl, as possible table conversation for tomorrow night,
do you think you could respond to my questions?
How can I lose more than I invested in the stock
market if I made X and I have currently invested
Y, and Y is less than X? If I shoot 12 free
throws and I make 12 free throws, how many free
throws have I missed?

Coming to a city or town near you soon-CHANGE. Tom

Oldman maintains Clinton will die in the White house of old age, during Chelsea Administration. I hear it is the Republicans who want him in power until the mid term elections. I also hear that Clinton may be persuaded to resign, but only way hillary will leave the White House will be in a strait jacket.

Sojourn,
In the book Elliott Wave Principle by Frost and Prechter, fifth edition, written in 1985, he "predicts" $103.??. He has NEVER repudiated this. I know Peter Rhemer, the precious metals man in Gainesville. I've talked to him a bit about this. They say $200 for public consumption. but in their hearts, they still believe $103.??.

That's my perspective.

The Preacher

http://www.usajournal.com

Better in a strait-jacket than in a hearse

Wayne Newton - If you make enough predictions
or repeat the same predictions enough times,
you're gonna be right some time.

Wayne Gretzky - You have to look into the past
to see what you owe on the 1040, unless your
income is below $14,000, the so-called
"Cherokee line"

Hepcat - Predictions borne out by the market

Cherrypee - He's right cause he says he right, and
he includes spurious quotes from other people.
Oh, and if he's ever challenged with facts, watch
out, cuz he's gonna go ballistic ( Remember how
he attacked LGB when LGB called him on his layperson's
misconceptions about magnetism? )

Oldman - Called the bottom in gold at $350

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

you got to go to this site without the graphs on side or # on top,and ity works for me. ( not sure of terminolgy,frames no frames )

...you may not short gold...but it seems obvious that you are a Wall Street Bull long on Dow/Nasdaq stocks. Today, Wall Street Bull and Gold Short are one and the same thing.

Here's why:

One of the main reasons The Wall Street New Paradigm manifested itself in our world is the imperative to create reasons to validate the Dow's verticality in the face of all evidence that discredited it. As became necessary to have near exponential increases of cash flows into the mutual fund cartels to maintain the Dow/Nasdaq verticality, the New Paradigm disciples searched around for a bear sector they could disparage for the purpose of directing cash flows from that sector into the Dow/Nasdaq darlings.

Thus, in the same manner that the New Paradigm disciples used index purchasing to raise Dow stocks to absurd levels, the New Pardigm disciples also used a form of what I call "de-indexing," targeting gold and gold stocks for slander, attack, and disparagement in order to pull gold investment monies out of that sector and redirect them into the Dow/Nasdaq indices.

Thus, Bernatz, you may not short gold...but, based on your constant espousal of the Dow, you are certainly a gold de-indexer targeting gold for constant disparagement and abuse in order to redirect gold investment monies into your Dow/Nasdaq darlings.

Right? Right.

Fondest,

F*

Earl: Don't be so frustrated that the elected leader of this country is not the moral leader of the country. If that is what you want then get a nice Catholic bishop to run for prez. Polls today show that 2/3 of Americans agree with the judge's decision, unfortunately, majority rules -that's just the way freedom is, those citizens, damn them all!

Jan 5426.9
Feb 5469.1
Mar. 2 5493.5
9p 5508.1 16p 5528.0

WOW! $58.9 BILLION in three weeks!

You have to rework me into something you can attack.
Find some other straw man, F+, because I am the wrong
person to be calling a cheerleader for anything.

The trouble I see with their prediction of 103 or 112 is that they are measuring gold in dollars. Dollars are created from nothing. I think that they are possibly right in that the dow will make a new high in the 320-356 range and then make its final leg down. Do you really believe it will go that low?

I feel that when gold does make its final low, it will spike lower and then shoot up immediately. There may not be much of a window of opportunity to buy.

Bernuts du Crappe, hepcat, Crab Rangoon or EZ-sitz, or
whatever is your ID du Jour ----
You definitely are a psycho-schizophrenic, bordering on homicide, and I stress the "HOMO" --- for your own good, I humanly suggest you consult a psychiatrist SOON!

Your obsessive propensity to assume other personalities is
tell-tale. Do not delay in seeing a reputable "shrink."

Farfel: Just because someone has a different point of view doesn't mean that you need to create all sorts of internal defense mechanisms to justify why you are right and the other is wrong. With your last post, you became less credible. What are you trying to prove?

I've heard it said that silver casts into beautiful 50 cal. slugs for those black powder enthusiasts. Since it will no-doubt be s-o-o-o cheap when we finally have to ride on D.C., and since it's the only way to kill a were-wolf or a vampire.....hmmmmm, maybe some of you physical collectors could cast some limited editions. You could stand out on the beltway and take in a few bushels of that green Clinton funny money.

Went up today! Wow, the power of a little favorable press.

...nice to see you use my actual handle, FARFEL, instead of some silly, juvenile epithet.

I think you are slowly evolving...maybe you are finding my logic just a slight bit compelling...even a little scary.

Ah, you truly are my favorite Gold De-Indexer ( aka Wall Street Bull ) on this forum.

Fondest,

F*

P.S. Wife wants me to take her for sushi...back later.

not many people looking to get short this market?it has a history of bouncing hard and fast off support, caution

for the record......my assertations about magnetics
were on the money....affirmations from would-be gumbies
are not needed..knowing a little about a lot, will go a
lot further than knowing a lot about a little...
blinders blind, and you are blined by the rage from
a childhood berefit of love and attention. the attention
you get here satiates the craving....who was it that sings
about constant craving? yes, she is one of the ellen degenerate's
lesbian-for-lunch-bunch....see....she has the same problem as you.
see how she solved it? you can too! village peopleo...by yar.

Cavender: The intent was to frame the political/judicial system, primarily. But since they are but a reflection of the greater body politic, I guess there is some inevitable 'slop over'.

Date: Wed Apr 01 1998 22:35
Cavender ( Farfel, a budding Oliver Stone. ) ID#334280:
Farfel: Just because someone has a different point of view doesn't mean that you need to create all sorts of internal defense mechanisms to justify why you are right and the other is wrong. With your last post, you became less credible. What are you trying to prove?

Cavender, I am simply espousing the Goldbug line as it rightfully should be advocated...utilizing the methodologies of the Wall Street New Paradigm. That's all.

Keep in mind, Cavender, that goldbugs have a different point of view and that doesn't mean you need to create all sorts of internal defense mechanisms to justify why you and the Great Wall Street Bull Mania Crowds are right and others are wrong. With your previous posts, you became less credible. What are you trying to prove?

Fondest,

F*

bernatz du ventadorm ( Earl, I can't believe it, we are already through talking for the night ) :

Thank God for small favors.

Japan Nikkei 225 ^N225 10:47PM 15723.18 -518.48 -3.19%

Japan Nikkei 225 at 10:47PM 15723.18 -518.48 -3.19% going down.

The Japanese stock market is leading all Asia into ultimate and complete disaster. The Domino Effect will hit Western shores like a szunami!
Paper will revert to paper, and precious metals will again assume
their position at the head of the investment table, deeomonstrating its intrinsic worth.

is by far and away the worst part of the whole fiasco it shows how far we have fallen as a country,hard to ask somebody to give up his life for ( military )
for the freedom to be lied to by the leader of your country,as he laughs and pulls his pants up and down,

Tokyo is burning and I...........

I live by the River.

here is what awaits the us fleets in the persian gulf...
the phalanx anti-missle defense will only see its' contrail...

http://www.robust-east.net/Net/russia/missile2.html

jibe only with the reality on those parts of Trinidad and Tobago
that still worship the war god Smiley. They would be
laughed at by every physicist, scientist, or self-
respecting high-school graduate in every other part of
the world, if they had time to read those sections of
the National Enquirer from which Cherrytree directly
lifted these views.

Vronsky - What is past is not necessarily prologue.
I got that from GSC, who now posts under the name
Old Gold. What I was in the past I am not now.
I post under one handle.

ANOTHER view...

http://gopher.uconn.edu/~jpa94001/social.html

ANOTHER url for those who need to know...

http://www.stratfor.com/services/gintel/region/index.html

No way, brother. I don't believe it will go that low. I'm saying that this is what Prechter believes.
Can you imagine the world we would be in if gold was 103.50 ( I looked it up since I wrote "xx" )
I don't really follow the EW. I saw where Prechter once wrote that the EW was subject to a great variety of interpretations. To me, something that means everything means nothing as well.
I'm no EW man. But that's just me. Others seem to do quite well with it.

The Preacher

PS. -- for those interested, look at a weekly chart of the Japanese yen. If you view the stochastics you will see a major downside non-confirmation forming where the price is breaking to new lows but the stochastics are far above where they were at the previous low. This is usually a prelude to a turnaround. Maybe not tomorrow, but in the near future.

Hmmmm. Too much extremely poor band-width usage agravating the place tonight. Perhaps I'll try again tomorrow. Good night.

Hep Du Ventanut: "What I was in the past I am not now. I post under one handle." Only because you have no choice. ........ Reminds me of a comment I once heard about a fart. "Yer voice may have changed but your breath still smells the same".

What's your thinking on this second zig-zag scenario that Prechter espouses?

At the Crest of The Tidal Wave, there is an "Important Caveat", after discussing gold, he leave himself with plenty of wiggle room and concludes "The market is precise, but it is also a living thing, not a machine. As such, it always has options open, even within the formal structure of the wave principle. If this analysis is negated, I will rewrite this chapter for the benefit of readers of a later edition."

So, as they say on CNBC, stay tuned to Prechter.

Does anyone know what is the gold stochastic tonight ?

I really don't know that much about it. I know the overall theory from reading the book, but when it gets to things like the zig-zag, I can't comment.
In reading the black booklet they put out this month, I see they are getting bearish on gold already and don't believe it will make it to $350. Someone borrowed it so I don't have the exact copy in front of me, but I remember Rhemer saying something like: if gold couldn't rally when silver went so high, it may not have much farther to go."
You may or may not know this, but let's go back to 1994. For five years, Prechter had not made a public speech except for his EW show in Gainesville. He went to the New Orleans Investment Conference to give one because he was so sure what was to happen next ( his words ) . He gave a speech that would make your milk curdle. The Dow was to crash, the U.S. gov't was to collapse, panic and anarchy were to grip the world, etc.
It was almost like he was predicting the descent into another dark ages. He believed it and told it without equivocation. It was at once terrorizing and fascinating. And I'll always admire him for telling it like that, leaving himself no wiggle room for error.
But, it didn't happen like that. In fact, it's been just about the opposite. Now his scenario may still work out in the future. But he was ready for it to happen in the first quarter 1995.
Despite my admiration for him for that performance, it is hard to take what he says with more than a grain of salt after it. I think everyone can understand that.

The Preacher

Is this Gainesville you speak of in the land of ORANGE & BLUE?

bernutz du Crappe, Crab Rangoon or EZ-sitz, or whatever is your
Nom de Plume du Jour: this is my response to your latest
rationalization of your mental instability.

You said: "What I was in the past I am not now. I post under
one handle." Pure DENIAL... man, you seriously need professional
attention.

Pleeasse seek help.

To all
... The HEPRAT du ventacrud caper..

1. Heprat is a guy with a severe personality disorder.
2. He has felt throughout his life that he does not
get sufficient "respect".
3. He is articulate, but not really very bright.
4. His free throw comments and "perfect calls" are
bullsh!t. For some reason he is compelled to try to
impress his "peers" that has never given him the
"respect" he craves.
5. He does not have the vaguest idea of how to behave.
6. He is rude, tasteless, and humourless.
7. Anybody that wants his "calls" is an idiot.
8. He is obsessed with being "outed" and "outing"
others ... why?? .. I dont even know what the little
dork is talking about on this one. But the key may lie
HERE. Perhaps he really fears that others will find out
about him and he does not want THAT to happen.
9. His big time specialty is prediction after the
fact.
10 . His lack of talent is underlined by the simple
fact that he cannot even think up a moniker and has to
STEAL one. My God.
11. Although engaging him in dialogue is pointless,
it is interesting to study him. He may be typical of
a certain type of investor ( doubtful ) , and a possible
indicator of current American attitudes .. I hope NOT.
12. I think that he shows NO redeeming features and
as you can gather, he is NOT my cup of tea.
13. How would you like to be MRS Heprat??
14. How would he ever be able to name his kid should he
have one . Probably call him "Cherokee".
15. I wonder if he ever found out who Bernatz really
was.
16. I wonder what he does for a living .. I think he's
a male nurse. Im interested in what OTHERS think. Dont
believe what he SAYS... You can bet your you know what
he's lying.

NJ,
Am I to understand you are associated with EWI? If so, can you vouch for the accuracy of what I have written here tonight?

1 ) on the 103.50 target for gold
2 ) the speech in New Orleans
3 ) the change in thinking that gold will not make it to $350 on this correction.

Thanks,

The Preacher

Sorry, no it's not. Actually the Gainesville you speak of is my father's home town. He was born there one summer while my grandparents went to summer school at UF. They were schoolteachers in Miami and would go to Gainesville to take classes during their off time.
Elliott Wave International is located in Gainesville, GA, 70 miles from beautiful downtown Hapeville.

The Preacher

Vronsky,

How is gold faring tonight in Tokyo? It seems to trade differently there than on CBS MarketWatch where it was unchanged last time I looked.

The Preacher

On an hourly chart May silver continues forming a flag or pennant with solid support at the lower support line. That line has been tested four times ( 3/23 7:30 CST, 3/25 13:10 CST, 3/31 9:25 CST, 4/1 12:55 CST ) and held. If the market trades under 6.25 look for a drop under 6.00. To start another leg up it now needs to close above 6.50. I offset my shorts at the close and went back long at 6.32 with stop and reverse orders under today's lows. I have been in and out 3 times in last 2 days trying to catch the move out of this congestion area making nickels and dimes but no loses. Long June S&P at 1107 objective tomorrow 1127. Seasonally from now until mid April is one of the strongest up periods for the S&P.

Thanks. Just wanted to say, "How 'bout them dawgs!"GO GATORS!

I am always amused by those who post on this site critical of this day and age ( its mores ) as if there existed some glorious day and age that we should strive to regain like Paradise Lost? Is it the Roman Empire, Napoleonic Wars? Is it the "good ole days" of the wild west? Is it Ronald Reagan's era when everything was a Rockwell painting? There hasn't been a better time to be alive, a more enriching time, a more civilized world than todays ( and still there is child rape, genecide, avarice, and all those ugly human things people do ) . We should not look to our political leaders for salvation, yikes!- they're just like us!

Thanks, I hear you about his "edge of the abyss" stand which regularly frequents his letters. I respect the Elliott wave theory because I have seen it develop and illustrate itself many times over. As I have said on this forum before his biggest errors have been his reliance too exclusively on the wave patterns to the exclusion of other reliable technical tools, such as simple trend lines and moving averages. He seems to rely a fair amount on cycle analysis for his short to medium term forcasts for the Dow. When I have used Elliott wave in combination with other tools my results have been enhanced. Tushar Chande in his book "New Technical tools" confirms the the fact that you can't rely on price level analysis alone when approaching the markets.

In any event, getting back to gold, I believe the break-out last week on some the gold stocks and indices were a prelude of things to come. I was impressed today at how resilient gold was in face of a new high in the US dollar index. What concerns me is the last two moves in the US dollar index coincided with problems in Asian. Gold did not fair well alongside those moves. It is so far, and the momentum on the US dollar index is waning badly. I believe after a two year slide in gold there has to be a 8-13 month rally attempt that should become more pronounced as we progress through this year. The previous wave four retracement level is in that 340-360 range. I still think that's a possibility. Stay tuned.

Sojourn

Vanguard: US group moves into Europe

WEDNESDAY APRIL 1 1998
By Jane Martinson and Philip Coggan

Vanguard, the world's second largest mutual fund manager, is to enter the
European market with a range of index-tracking funds.

The move by the conservative US company is designed to take advantage of
the continent's fledgling defined contribution pension fund market and the growing interest by investors in passive fund management.

In contrast to Vanguard's US business - two thirds of which is sold direct to the public - its European business will be aimed at company pension plans.
http://www.ft.com/hippocampus/q43932.htm

As of April fools day 98, the NASDAQ is worth 50% more than it was on April fools day 1997! What fools the world was to doubt its kinetic value back then! Year to date, the NAZ is on an anualized tear of 64% & what fools we are not to plunge in.
This is a loose afilliation of millionairs & bilionairs & babies. This is the long distance call.
The year began wih wallstreet pundits like Abbie Joseph Cohen calling for 15% earnings growth. Now they are revising to 8% while increasing their predictions on market caps. Hmmm?
I believe in lasers in the jungle & the baby in the bubble & the boy with the baboon heart. I believe in miricles & wonders...this is the long distance call.
Let us see how this mania unfolds.

Y.O.S.
TAR BABY

i dont care, im buyin some more tommorrow ( say farfel ) but look we all know what we do and dont want to happen, so lets look at the best news not the worst.

Drudge Report--
CLINTON CELEBRATION // VIDEO SHOT BY A NEWS CREW CAPTURES PRESIDENT CLINTON IN HOTEL ROOM DANCING AROUND, SMOKING CIGAR, BANGING AN AFRICAN DRUM HOURS AFTER JUDGE THROWS OUT SEX CASE. A CAMERA ZOOMED THROUGH AN OPEN HOTEL WINDOW WHERE THE PRESIDENT WAS STAYING IN DAKAR, SENGAL.

Dow@100,000.of.course If all it takes is 'FIE-t' money...

All my family went to U. of Florida until my generation. This goes back to the early 1900s. I was raised in Miami and was a Hurricane fan. When I was very young, 1966, we drove to Gainesville to see UM play UF. Steve Spurrier was the quarterback for UF. UM took a 10-0 halftime lead and I was in hog heaven. But Spurrier led UF to a comeback 12-10 victory. ( Spurrier was also the place kicker, if you recall. And I know he missed the first extra point and may have missed both of them. ) Then I remember the long, long drive home on the Fla. turnpike. It was bumper to bumper at 70 miles per hour all the way.
I smarted from the loss for many days. But everyone else really enjoyed it.

The Preacher

It astounds me that people are so stupid. The market is 50%

higher than a year ago? A rising tide raises all ships. If the

"free" market is a reflection of what is going on financially

in a society, how come the roads are beat to hell, the bridges

need work, and downtown L.A. still looks like crap. It is

so obvious that them monied classes are playing games with

their monopoly money.

I laughed at your comment on people who drive old cars and wear it as a badge of honor. All through college, grad school, and early professing days I was forced by personal economics to drive old beater cars. I had one 74 Chevy Impala that I called the Great White Hope. It was big, it was white, and I hoped it would get there. To this day I still drive old cars, although slightly better. I consider them to be the worst investment possible. When we take a vacation, we rent a full size Buick. I pay only liability insurance and save thousands of $ every year.

but not necessesarily like US!!
Most of US have principles and standards beyond the mere satisfaction of the "baser" needs.
The meeting of the needs for food, sex, shelter, clothing are not all there is to life.
I feel the fact you are on this forum is proof WE are not like our political leaders.
Hell man, most of us know how to provide for ourselves and ours without having to pander to the base instincts of the baser elements of the society.
If I'm wrong, I still stand apart, even if alone, from you and yours!

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

FDPMX takes the LEAD!