countries with stock markets in Southeast Asia,
so if one doesn't go belly up like predicted,
just divert attention to another. How is the
Australian market doing tonight, and how does
that impact the President of the U.S.?

Mozel,
May you always be protected and find a friend at your side in times of need.

All,

I saw someone asking for the closing price of spot gold today.

Avery good question. I wanted to answer immediately, but I began reflecting on what we have found out about COMEX and LBME. I don't think that anyone knows what spot bullion actually goes for.

I am not sure, but I don't think that anyone can walk into COMEX with the appropriate amount of cash and buy 100 ounces of gold bullion at $302.5 ( 4/2/98 13:55 kitco price ) and then turn around and walk away with that bullion. This transaction is not complicated, but I think you would be forced to purchase one of a variety of future contracts that would promise future delivery.

My point is spot price should be for actual bullion purchased and delivered daily. What we get is the paper contracted price. A BIG, BIG difference in my opinion.

Think about it the only spot sales we have heard of in the past few years have been "FORWARD SALES". Bullion that was borrowed and apparently sold immediately for prices far about the SPOT price ( spot paper price to be accurate ) . When the paper SPOT price was at $380 to $400 FORWARD SALES were being made at $460 plus.

More Recently, we saw a central bank move 299 tons of gold at $305 per ounce when the "paper spot" price was below $300 per ounce.


Well, I think what we have here is a game of doublespeak. Bullion SPOT price ( not to be confused with the paper bullion spot price ) is actually unknown to all of us at this time. BUT I think we will find it out in the coming days for we are living in interesting times.

BBL

Your a very funny man..I had a good belly laugh with that last post.

The 2 markets of any significance in the region is S. Korea ( 8th industrial power in the world ) and Japan. The others are secondary.

I wonder if you could take the time, blah,
blah, blah, you know the drill

( Mr. Disney, usually in cases like these, the person
who made the obviously unsupported claims issues
a retraction. Are you able to admit when you
are wrong? Are you man enough to admit that
a $350 bottom was a bad call? )

Oh, and for all that the head of Sony said,
I wonder if you could tell me what Sony's
profits were in the last quarter. Now
there's a quandry, yes?

South Korea is doing everything the IMF and USG want and yet...

Indonesia Jakarta Composite ^JKSE 11:30PM 533.228 +16.825 +3.26%
South Korea Seoul Composite ^KS11 11:59PM 422.78 -30.88 -6.81%

Heprat ..
I suggest a worm sandwich and a glass of
slime..
Regarding your comments .. I stopped
justifying myself to nut cases long ago.
Regarding your moniker .. you stole it.
You know it. Bart knows it. I know it.
Suggests a serious lack of imagination. I
can only assume you stole your "calls"
too.

and Singapore, and Thailand, and any other country
in Southeast Asia that happens to be down on a night
when the others are up. We have been reduced
to talking about New Zealand, New Guinea, Easter Island, and the
North Korean black market on betel nuts on some
nights.

No one heard of any news on Gold Standard, it closed up 266%. Was curious if the hit gold or was being bought out.

ago ( or was it a threat ) that you could do what you
didn't do before. Well....

I posed, which is:

Of the seven calls I pointed out to Mr. Cherrywee,
which of them were made after the fact?


As to you irrelevant rejoinder, Mr. Kitner would also know that when you denied to me that you were Bernatz, it was a lie.

How so you like my Kitco signature? Appropriate for a discussion group composed largely of folks waiting for something bad to happen to validate the wisdom of their gold investment. Gold is unique that way. I mean, how many investments are there that only do well when the world is going to Hell in a handbasket? Attracts a very particular type of investor, no?
-EJ

Estragon: I can't go on like this.
Vladimir: That's what you think.
- Samuel Beckett, Waiting For Godot

sorry to dash your hopes gstd had a 1 for 4 reverse split 4sh=1sh

the Nikkei barely seems to be holding its own this evening? Hint: South Korea doesn't have Postal Reserves quite as big as Japan does. I wonder how $$ like that could be better spent? Hmmmm... the public of Japan definitely wouldn't have an opinion about this, would they? I wonder how I would feel if I suspected my government to be propping up the stock market with MY tax Dollars. Naaaah, I probably wouldn't feel a thing now, would I?

Would I? - c

Heprat .. while you're enjoying your
sandwich .. Please be RAT enough to admit
that humans dont spell "quandary" that way.
See Below .. a not so good spelling call, NO?

Heprat speaks ....with rat accent..

"Oh, and for all that the head of Sony said,
I wonder if you could tell me what Sony's
profits were in the last quarter. Now
there's a quandry, yes?"

http://biz.yahoo.com/prnews/980331/ut_global__1.html

Should we match the BIG SELLER with this Buyer? with the provisio of a finders fee for Bart? Turn SilverBaron and/or Aurator loose on this one? {:- ) )

"We have several very large gold Buyers. Swiss Procedures only, i.e. gold proves, money moves. Seller must issue FCO and Authority to Sell.
We also have Capital Enhancement Programs. US$10M+.
Kenneth W. Smith ( USA )
P: 1 713 783 9292
F: 1 713 783 9352
e-mail: attysmith@earthlink.net"

http://www.intgate.com/13mesg/3204.html

to avoid the question. But I wonder if
before you attack my poor spelling again,
you could address this issue:

Of the seven calls I pointed out to Charity
yesterday, how many were made after the
fact? Please post evidence of same.
( I see you have learned the copy function.
Could you use it to provide specific posts
where I made a call after the fact? )

Have the stock on my Pointcast tracking,checking out Shellers ( SP. ) ASTROLOGY picks. It stuck out today, got the blood flowing

( Price is up slightly for gold is 303 at 00:15 4-3-98 ) Get while you can.

New York-April 2-FWN--COMEX ESTIMATED VOLUMES

TOTAL ESTIMATED VOLUMES
Gold 30,000
Silver 19,000
H.G. Copper 11,000


New York-April 2-FWN--THE FOLLOWING ARE THE COMEX GOLD
warehouse stocks:
GOLD ( Quoted in Troy Ounce )

TOTAL REGISTERED
571,508 0 0 0 0 571,508
TOTAL ELIGIBLE
148,278 0 0 0 0 148,278
COMBINED TOTAL
719,786 0 0 0 0 719,786


Silver

TOTAL REGISTERED
-868,520 0 35,099,522
TOTAL ELIGIBLE
1,190,027 0 52,080,803
COMBINED TOTAL
321,507 0 87,180,325

Please note that the following releases are coming later. I can only read the headlines at the moment. So some changes may ocurr in the numbers posted. I will post them tomorrow if I can't atay awake to see them tonight.



COMEX Correcting Silver Warehouse Stocks, Part 2
COMEX Corrects COMEX Metal Warehouse Totals for Today's Close


Forgive the repost of the following, but since Japan is continuing to look so intereting this evening - I can't resist.

For those that think the Asians have no recourse to the American fiat power game, think on this. How hard would it be for the Japanese to announce that they are selling treasuries and buying gold. Take delivery of comex eligible stocks. Require future trade agreements with the U.S. be made in SDR's . And push trade with Asia and Europe.

Remember without the U.S. dollar, the U.S. is bankrupted and cannot afford to pay for foreign goods. So not much is lost as far as Japan may be concerned.

IMHO

Goodnight

I've been doom and gloom for years ( and I'm a relatively young guy ) I found Gold about 6 months ago as a sort of concilation prize for what I see coming down the pike. Will you say it? You know, when there's a meltdown, chaos, and carnage.....I TOLD YOU SO!! It only hurts when I laugh.....

Send me your e-mail address cdhudson@erols.com

Do you mind speculating on the following? I have this theory ( who here doesn't have a theory ) that the US stock market rise that individuals leaving their wealth in the hands of kids running mutual funds because they are either too busy or too lazy to do the due dilligence to invest in actual corporations. If that's the case, then they probably also imagine that the kids who are handling their wealth are also interested in preserving it, that is, in selling the mutual fund for them if it drops below a certain level. If that's the case, imagine the fund owners' surprise when they find in a deap, long drop in the market that they have lost say 16% of their investment in a week ( 1500 points in the DOW ) and learn that they actually have to tell their broker to sell their shares in the fund to preserve what they have left. My guess is that this will happen around the same time. With now more funds in existance than actual stocks, there will be a much more fast and furious sell panic than in previous panics. Now, I'll go buy a generator.
-EJ

Estragon: I can't go on like this.
Vladimir: That's what you think.
- Samuel Beckett, Waiting For Godot

Just so you understand me better
1. sometimes I lie
2. I dont steal .. particularly
not Monikers
3. I never take ANY of your
"Calls" seriously because I
think you are a fool with some
kind of strange problem.
4. I also think you are not very
smart.
5. Moreover, I think I have wasted enough
time with you.
You see .. klepto rat .. I'm
just another one of those humans
that doesnt CARE about you !! Isn't
it AWFUL.

Date: Fri Apr 03 1998 00:22
SDRer__A ( Well, THIS makes a pleasant change.... ) ID#28594:

SDRer, it makes you wonder- this big buyer ad. Why don't they just walk into their friendly comex dealer and pick up what they want and need. Or the LBME for that matter.

Maybe, comex is for paper trading ONLY??


By the way I did read some kind comments about my comex postings today. Tanks one and all. This is team play as far as I am concerned. I learn more than I give and if I can help a little in solving this great puzzle I will be more than pleased.

I know this group can solve ANY problem. For certain we will find the way to perserve our captial and unravel the mysteries of the unholy derivatives. True value will find a way. The day of gold is coming. Paper gold is dieing under the unyielding eye of truth and honesty.

( Guess I am more tired than I thought )

The essence of the free market is that here is no ptice or fair value for any commodity. The market action is always trying to find that price. If one buyer and one seller exchange gold for three hundred dollars per ounce and two minutes later another ( interesting word ) buyer and seller exchange gold for $400 per ounce, what is the price? Only what is determined between one buyer and one seller and a point in time in history. It makes no difference to you as an individual whatever happened between these two people as it was their own business, but because that transaction is recorded or registered, we all have an opinion about it and those opinions are recorded in the next transaction that we do. There is no such thing as a good price or a bad price, or a good value or a poor value, it is only our perception of the transaction that affects our opinion. That is the essence of a free market.

Brother John,

I would guess that only 10-12 people in Russia know the
real situation with platinum in Russia. I don't know, and
if I knew, I would never talk about it anyway. I do not
play platinum games and never did. The sources of info
that you are using may be correct, but may be not. RSA
platinum mining companies are obviously interested in
having news of Russia being not able to supply platinum.
It's as simple as 2x2=4. I think that in evaluating platinum
business we should consider this also - it's normal business
to talk down competition. I may be wrong, but it is always
useful to ask "Who is beneficiary of the certain situation?"

I got a bad habit of trusting people, not news. For this
reason I trust you on your evaluation of RSA, and not
articles in newspapers. For the same reason I do not
trust Belgian news.

Please take into consideration that Russian platinum
reserves is classified information of strategic importance,
and can not be available for "open market" in principle.
I'm not kidding. So, what kind of information we have?
Not accurate for sure, "estimates" in the best case...

Magazines give you numbers, O.K., ask them about the
original source of info, was it a CIA agent, drunken
Russian official or info from the other "English language
source" or simply reprint? Ask them to show you original
statistics report in Russian - they do not have such report..

Otherwise, I agree with you 100%, because you know more
than me about platinum, but I'll keep my belief in mysterous
nature of Russia, which has a historical habit to surprise
everybody from time to time.

GSTD sent notice in the mail. But befor that I read it in the "Northern Miner." I knew something was up when GSTD took that spill from 45 to 34 cents about 3 wks ago. I've sold all my GSTD prior to the rev split expecting this event to only allow the stock to keep falling. I may pick up the shares if the price drops below 50 c

Does this look like government intervention to you?
http://web.kyoto-inet.or.jp/people/je3tbc/html/sthome.html
- c

DEAR DOW INVESTORS:


We wish to thank you for your past support and hope that you will appreciate the urgent need to continue this support. As you are all aware, we are now but a few points away from DOW 9000. It is
absolutely imperative that you continue your contributions to the cause...otherwise, we may not be able to sustain our vertical momentum, in which case all our past efforts will have been for naught. Please do
not pay any attention to our detractors out there who have established an agenda to undermine our noble efforts. When these detractors state that there are no future corporate profits out there to sustain the Dow
at its current levels, well, we do not wish to dignify such slander with a response.

Although we respect that many of you do not have huge amounts of remaining cash reserves, owing to second mortgages you have taken on your homes and cash advances upon your credit cards, nevertheless, we urge you to consider the extreme importance of the DOW 9000 in your life. Every dollar, every dime, every nickel counts...so please give just a little more. Your contributions will make some anxious investment broker's life just a little bit better.

Although many of you prefer to use your last few bits of available cash for other items, such as food, clothing and shelter, nevertheless, we urge you to forego these luxuries for the sake of the DOW 9000.

We respect that there are many other telethons out there that solicit monies from you each and every day. Naturally, it is impossible to give something to each and every one. However, we believe that solicitations on behalf of muscular dystrophy, fatherless boys, arthritis, seniors' food programs, Alzheimers, deprived inner city children, AIDS, and a host of other community charities are not quite as important at this time in America's history as our fight to reach the DOW 9000.

As you know, we have a big party planned once we cross DOW 9000. Our associate fund-raiser, CNBC, has cases of champagne and thousands of party hats, horns, balloons, and a big cake waiting in the wings...and while you are tooting your horns and munching upon your cake, CNBC has THREE WHOLE HOURS of never-before-seen footage celebrating the entire momentous occasion. It would be nothing less than a crime if these various celebratory items were left unused merely to collect dust.

Once again, we ask you to look into your hearts and find a little something for the DOW 9000. You know it will be well worth the pain.

Very Truly,


THE DOW 9000 TELETHON.


F*

Date: Fri Apr 03 1998 00:41
arden ( prices - Dirt and A. Goose ) ID#201239:

I agree Arden.

I would just like to separate the prices of acual gold bullion purchased and collected at the time of purchase from paper gold contracts that may or may not be used to obtain bullion at some future time.

If we review the contracts that werer sold and purchased 9 months ago we may find out that some folks collected their bullion ( accepted delivery rather that roll over the contracts ) recently. If that was the case, that bullion may have actually carried a price of $370 per ounce ( the price 9 months ago of that contract ) .

If no one is actually buying bullion today ( paying cash and walking out with their bullion ) then I question if the price comex is quoting us is valid. The valid price is price of delivered product at time of delivery ( it seems to me ) .

Arden, obviously, I am having trouble trying to figure this "spot price game" out. DO you know if actual bullion can be obtained in short order?

Or is "spot gold bullion" actual set from contract prices? If so can you explain how it is done?

Apparently the LBME puts out a call if anyone want to buy at such and such price - and then set the price there ( twice a day they do this ) . As to whether the price is for actual bullion that will change ownership on the spot - I have no idea.

Thanks for any clarity you can add.

I must turn in, eyes starting to fail. thanks in advance.

I haven't been on for several hours. Other fish to fry.
Something certainly intervened. I'm never quick to attribute market gyrations to governments.
By the time the news ( of Japan's demise in this case ) is so well disseminated that statements in the press are being made that Japan will soon collapse, the market has already digested it.
Like Adrian Day wrote last month, the markets may rise while the economy declines severely. This would be because the markets had already discounted the bad news to come in the economy.
I'm looking at the yen. It may have bottomed today. If not, then we're not too far from it, I'd say.

Now, I got to go to bed. Comex opens in six hours and thirty minutes.

Good night, all. Good night, ANOTHER, if you're out there.

The Preacher

PS. I bought a little Gold Canyon Resources today. Heard there could be a big announcement soon, maybe tomorrow.

A reference to an article posted yesterday spoke of manipultion by Jap govt in the market, speculating that futures contracts were likely used to move the market ( sounds familiar ) . In the US 87 the market turned, in 97 the market turned. On the contrary, the Nikkei has dropped markedly since the end of fiscal year. Is the BOJ just printing up cash to maNipponlate the market?

Mozel, doesn't this mean that Klinton, by having passed the bar exam and being awarded some sort of privilege, that he committed an expatriating act and is Not a US citizen, and is Not allowed to hold public office?

http://biz.yahoo.com/finance/980403/tankan_sho_1.html
- c

For my brother Oris
You are right as usual.. Russians are full of surprises.
Stravinksy was full of suprises.. so was shostakovitch ..
.. Prokofiev had LOTS... Even Yeltzin is full of surprises.
Why dont you surprise me and come down for a visit.
Even better .. send a blonde .. forget about platinum
Love to sheherazade..

Gianni
I think it was you who was asking about Auckland? I have posted on this see
http://www.kitcomm.com/comments/gold/1998q1/1998_03/980306.010608.auratoree.htm

Not a computer problem. More a heatwave, caused by UFOs and el Nio ( no loger flavour of the month ) and too many new office buildings' airconditioning units. That + The recent trend in Auckland to live in apartments in the city ( madness ) + Rapid CBD office Growth leading to more aircon units + the usual lack of foresight by energy planners + imminent privatisation ( read sell for a penny in the pound ) of the electricity Supplier whose assets have been built up by generations of aucklanders + Sod's law - if you get one flat tyre, you can expect one or two more in a week or so - like how light bulbs all go at the same time. When I walk around auckland cbd, as I did today buying you know what, there are generators beside many buildings. Very interesting.

Most aucklanders will just go fishing, or to the beach or sailing or gardening or all those other miserable things we do for leisure down under..


like footie. and sipping golden ales.


sweat

Where are you mate? didja get lost in the Marlborough vineyards? There's some Mac's gold in ma frig.

TO ALL WHO RESPONDED TO MY QUESTION: Thanks for the opinion regarding the Morgans. I suspected as much. Now I know what to say when/if the guy calls back. I'll look into the junk silver, too.

uh huh...
http://www.infobeat.com/stories/cgi/story.cgi?id=2553590975-36c
away.
zzzzzzzzzz...

The LBMA publishes the total amounts of gold and silver transactions monthly; but no breakdown for physical and paper trades are given.
Further no one knows the true substance of private transactions that may take place on that exchange, between a willing buyer and a seller of the physical.
I quess that I am trying to make mountains out of molehills, but often buyers pay more than the going price for such things as real estate, collectables etc., and for various reasons.
I guess that this can not apply to gold, even if the buyer wanted a delieverable ( hallmarked ) quantity of bullion in large amounts.
Is this a window of opportunity? Ahh........dream on...... dream on

3:07 a.m. ET
June gold 305.30 +1.10
May silver 6.54 + .07
July auckland electricity 0.0 -0.0

2/3rds retracement and away we go!!!

Who will institute a flat tax and other emergency measures if the politicians can't get their act together? Who is expert at preparing emergency plans? The military of course.

The military has experience of running payment systems for countries of operation where no developed banking infrastructure exists.

On April 26, 1996, President Clinton signed into law the Debt Collection
Improvement Act of 1996, which mandates that all payments from Federal
agencies and corporations with the exception of tax refunds, be made by Electronic Funds Transfer ( EFT ) by 1999 ( so when Y2K hits, claim those refunds! )

Payments for military/contingency operations will be exempted from the mandatory EFT requirement because "a variety of cultural, political, and economic circumstances may also prevent EFT from being used."

Anyone care to guess what circumstances?

See:
http://www.fms.treas.gov/eft/polsumm.html
http://www.webcom.com/yardeni/y2kbook.html#B6

Nick@C ( ) ID#393224:

July auckland electricity 0.0 -0.0

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

0k, Ise ready for anything, the muzak was alright,
jam nite.

As regards this albatrossland 'lectra city
do we have opening bids on pollution credits?

Look into the 40% US 50 cent pieces from '65
to '69. For $1000 face value, you get 2000
coins and about 317 ounces of silver. A quote I just looked up has the price at $2015. This is about $6.30 per ounce of Silver. The nice thing is, you have a widely recognized form of Silver that is also legal tender.

Have noticed a few Aussie miners closing out their hedge books ( buying back the gold they have forward sold ) lately. Kaplan today remarks that Anglogold is considering reducing forward hedging:

"Anglogold chief executive Bobby Godsell said that his company, among others in South Africa and elsewhere,
were considering reducing their forward hedging to take advantage of an anticipated rise in the gold price in future
years."

When Western Mining Corporation ( one of Aussie's biggest gold miners ) bought back their forward position a few days ago, the gold shorts should have received a message. If I were a big-time mutual fund manager who was short gold right now--I would not be getting much sleep. I would also be checking out the wanted ads for my next job.

When they pass out the pollution credits, Auckland will be the world leader. I hear they are going to be using horses and carts soon. I hope you guys in the US have added N.Z. to your developing world aid list. We all have to pitch in to help these poor countries that haven't yet discovered electricity. While you're at it, send a care package to Auracious. Can't have a goldbug starvin', now can we?? We goldbugs look out for each other.

G'day 500.

Re Y2K--In English speaking countries-4. In Asia and Europe-9.5 The more I read, the scarier this thing gets.

Clinton, according to report, has accepted presents and emoluments from a foreign power without the consent of congress.

If Clinton has accepted, claimed, received, or retained the title of honor of Esquire or Attorney at Law, then he has not expatriated, but has ceased to be a citizen of the United States and incapable of holding any office of trust or profit under them, or either of them. He would still retain his state citizenship. Taking or passing an exam is wholly incidental to the substance. Exams are a recent or modern innovation.

Knowing the law, having the law, and getting the law are three separate hurdles to cross. In the final analysis, law is words with force behind them. The Constitution is the law of the land. If it cannot be enforced on government by due process of law, what is our situation ? When there is news, if there is news, I will post it.

Hey, everybody... Is anyone else awake? Am I awake?

I must be dreaming, looking at the charts. Seatbelts, everyone!

Hi Nick,
Hope all is well in Canberra. Normandy had a mark to market of over ONE BILLION dollars at 12/97. I suspect if they haven't been buying back like Western Mining , they might have blown maybe A$50 million of shareholder's funds in the last 3 months in opportunity costs. Hope you're still buying the Perth Mint nugget proofs for melt plus 10%. I've been busy.. just selling a house in Sydney at moment, and have finally upgraded my computer and got it working today. ( Gone from 33DX to 333P 2 ) . Amazing experience for me to download Kitco chat at first attempt, not 14th attempt.

Anyhow kind regards. Nice to see Gold at $305.50 above and NDY back to $1.66. Happy Trading

Tom

G'day Nick. Here is an interesting take on coming events. This was posted here some months back. While not mentioning Y2K,it dovetails with some of the more pessimistic views. http://www.webcom.com/beacon/Chaostan.html

Nick@C, by way of reply, in a word, Harley-Davidson.

Bought some 5-coin platinum sets today. 1,1/2,1/4,1/10,1/20 in fancy hardwood native timber display cases. How much??? Spot + 5%. Dealer gets 5%. Owner gets spot. I get fantastic bargain. All proof. Never touched by homo erectus hands. Sold for double ++ the price on issue. Can't believe people sell 'real' assets for paper price--take big loss--just before big price rise. I think-- buy ticket to US? Take plat sets? Sell in US for double price? Pay for ticket? Play golf with EB? Get drunk with Ted? Visit goldbugs? Come home all square. Hmmmmm.

Is everybody having fun tonight?
Decent metals moves happening, not to mention a few other commodities.
Welcome back Mozel!

Nick

Wambat Marsupial Corp is ANOTHER big secret.
Now, I should tell ya about The America's Cup in Y2K, just after your Sydney Olympics.

Sorry to disappoint some of the real chirpy folk who speach on this thread but the world *ain't* gonna end on 31/12/99. Uh uh. Cos Sudnee's hosting the 'Lympics, Now that's a town, Sudnee. They got a funny shaped oprah house, they spik funny and the whole country was once a convict settlement. It will be one heck of a show in Sudnee in 2000. Then auckland turns on the switch for the America's Cup. Can Jimmy ( I'm not a bad sport ) Connor wrest the Auld Mug from the Mercury Bay ( There'e that name again ) Yacht Club? Will the Australian boat sink again?? The best harbours in the world in Auckland. Did he say harbour *s* ? Well we gotta say that eh? We should be outta the dark by then..

'Course, since I listened in here, I now know that the real culprits for the dark days of auckland are the IMF and Nicko@Camdessus.

Who was asking a lunation or two ago about The America's Cup Limited Edition Bullion coins? Please tell me more////

Teddo

Now I know where Vronski got all his Churchillian logic quotes from. Crsus! The People you meet at kitco/ Tell, me, how was the Boer War?

I languish in the language

This looks like the take off we've been waitilng for. Hurrah for the gold bugs. What set this off. Anybody see the silver stocks report???

Please pass it along.

Thanks

And up up and away.v

Hey, did Belgium just buy back their Gold from ANOTHER?

Hey Nick-
Date: Fri Apr 03 1998 04:19
Nick@C ( White gold ) ID#393224:
This is of interest, would you email me details as to how and where
these are obtainable, please. Reify@sitcom.co.il

G'day JohnC. I was in Sydney last weekend. Daughter in the rowing at Penrith. Went to the leagues club. Big mistake!! I've seen better behaved pigs at the local abatoir!!! Keep posting, mate. Good to balance all the anti-antipodeans up there!!

500, mate. Good article on chaostan. The 'real' chaostan is gonna be in the gold-shorts fund manager's boardrooms in a few weeks. Anyone want an unemployed fund manager???

Auracious--I am very disappointed that you have spilled the beans on me.
My real name is Nick Camdessus, and you have outed me. PS--please don't tell intolerant1. Then I'd be in real strife!!

JUNE GOLD 308!!!!!!!!!
APRIL SILVER 670.50!!!!!!!!

I feel a YeeeeeeeeeeeeeeeeeeeeeeeHaaaaaaaaaaaaaaaaaaaaaaa coming on !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Nicobarnyardowl

You'll be please to know that this dastardly movement of mapes and bullion coins from hallowed auckland across the ditch to Caraberra is not only staunched, but now reversed. I am now receiving mapes from sudnee and, other things besides at spot + 4. Oh, I like this. The gold flow is reversing across the Tazzie. I am now learning how to provinance my soverinis. Thanks for the tip.

As to Aussie paper? Well, cobber, Um. how can I put this? Do ya remember the America's cup and the australian synchronised swimming, I mean yachting .. team? Or Greg Chappel's underarm bowl to my mate from Uni, Brian McKechnie? There will be a time. But not yet.


peering through a glass, darkly

This weekend, when I am less exhuberant, and much less alcoholified, I shall e-mail you. Promise!! Unbelievable deals, eh??? I LOVE bottoms!!!

Looking internationally, from the chilly Midwest, besides getting creamed in the stock market, Moody's just drove a stake through Japan's heart http://biz.yahoo.com/finance/980403/moody_s_cu_1.html Time to buy more of Bart's Mounties !!

Well, something different. There's the hardrock and
placer and crevice but not much of blacksands which leads
to Gold Beach, Oregon. Once upon a time all the rains and
suchlike washed all the gold out the rivers to the sea
which washed up on the beach in the finest of fines
called blacksands and thus discovereth the filthy
miners, horses, coal&steam driven bucket brigades,
whatever, to wash the blacksands from their gold
in overnite tent city veritably on the beach
of Gold Beach, hearsaid blacksands of gold
deposited who knows whence but mined for
a few years until big big wampum winter
storm surf come in and take away black
sands, thus tent city, mules, horses,
now coal-driven steam dredging bucket
brigades men to pour water over
sifting sieves in catching riffles


And that's Gold Beach today.

I just sold my May Silvers at 6.71, to much to fast. If it trades over over 6.80 I may buy them back for now I'm going back to bed.

Eddie
Where is the mid-west? I mean, wot dat? sum of us aint 'merkens.

cool as

go baby!

Sovauracious--hope you checked 'em out for pizzas!!

Just a little one--ok?? yeehaa!

This currency looks like it wants to become part of the problem.

!!!

!

Hi, guy! The chilly Midwest is Northern Illinois, halfway between Chicago and Rockford....about the same distance from the North pole as you blokes are from the South pole. The trees and early spring flowers, GOLDEN daff-o-dills are just starting to pop.

Chernenkov radiation ( slinegnp? ) is that eerie blue
glow is nuclear plant waste holding ponds. And wud the heck
hazzat, rumor has it, got to do with the closing angle at
the output flange.

Nico@australopissedasacuss

homo erectus? Plat proofs never touched by homo erectus? I always knowed youse aussie were, well backward, but Ludd! The last homo erectus died 100,000 yrs ago ( salty memory, 'twas my grand e*12 pappy ) does this mean that the reason that all australians are crims is because they haven't evolved for 100 millenia? It explains a lot, when you think about it.

BTW Plat proof sets from aussie on way to aurator's hands now....

Get the feeling we're dealing with the same people?

I just mailed my bank draft into Kitco for Mounties at a guranteed base price of $310. I wonder if gold will already be above that floor by the time Kitco receives my draft, courtesy of Canada Post? I wonder what gold will be by the time I take delivery in two weeks?!!!!!

The Midwest refers to Iowa, Illinois, Michigan, Minnesota, Wisconsin, Indiana, and Ohio. Also known as the Heartland. It has actually been a very warm winter due to..... EL NINO!!

Eddie
ahh. Mid West.. I have a friend ( classics prof ) on sabatical in Chicago. He's been there before. Love him to bits but he often speaks as though to Epistophenes. ( i'm sure i spelt dat rong ) and he does like the intellectual atmos of chicago.

Eddie
ahh. Mid West.. I have a friend ( classics prof ) on sabatical in Chicago. He's been there before. Love him to bits but he often speaks as though to Epistophenes. ( i'm sure i spelt dat rong ) and he does like the intellectual atmos of chicago.

Could we please have 30 second updates when gold is moving??

Cheers, Australopithecusnick.

all of those other states he mentioned are only there to keep the left and right coasts from imploding on Illinois

My apologies for my misuse of the anthropological term:Homo erectus. My mistake. I was watching the news about someone returning from Africa.

Ersel, You're in my back yard. Now I'm going back to bed.

Youse gotta axe yorself how much GOLD he brought back in that 747

Sorry about the trespass ! It's still dark outside .Where R U ?

Hi, guy! The chilly Midwest is Northern Illinois, halfway between Chicago and
Rockford....about the same distance from the North pole as you blokes are from the

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

Got some folks in Rockford which I visited while working
the Chicago environs a couple of years ago. Boy, LA traffic
has got nothing on that Chicago style of warfare. Still shopping
one of those undesirable, spiffy new Hyundais. As things are
shaping up, I suspect there's yet a deal to be had in that
brand.

Just a stone's toss away in Indianapolis aka Naptown aka Indianoplace. aurator- If you want to drive an Illini batty, pronounce the "s" at the end of Illinois.

I'm awake but shocked, shocked, not to find gold up $4.10 but to learn that there is intellectual life in Chicago! ( I'll check on the gold price now )

For Anybody ...
Just curious .. everyone seems to be 100 % that the
bottom is in for gold. Im curious what criteria you are
using .. Ill really BELIEVE a bottom is in when we have
a price above 325 .. which we havnt got yet.
While I agree that things look GREAT.. lets not let
good healthy GREED run away with us. My harmony is up
80 % in 6 months .. Im good but Im not THAT good. Just
a while back we were all dying .. and we've moved up
25 bucks .. Maybe this is just a cheepe thrille.

For Anybody ...
Just curious .. everyone seems to be 100 % that the
bottom is in for gold. Im curious what criteria you are
using .. Ill really BELIEVE a bottom is in when we have
a price above 325 .. which we havnt got yet.
While I agree that things look GREAT.. lets not let
good healthy GREED run away with us. My harmony is up
80 % in 6 months .. Im good but Im not THAT good. Just
a while back we were all dying .. and we've moved up
25 bucks .. Maybe this is just a cheepe thrille.

Illinoissssssssssssssssssssssssssssssssss!!!

http://dailynews.yahoo.com/headlines/business/story.html?s=z/reuters/980402/business/stories/commodities_5.html

http://biz.yahoo.com/finance/980402/japan_rati_4.html

http://biz.yahoo.com/finance/980403/markets_ja_1.html

http://biz.yahoo.com/finance/980403/brazil_con_1.html

You are now an honourary Hoooosier!

Time for my beauty sleep. Even Midas couldn't fix this one. I wanna see 305+ when I wake up, or I hold you personally responsible. Nite.

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

http://biz.yahoo.com/finance/980403/tankan_sho_1.html

Taking Kitco's latest Gold price of $305.30, and with the $A at $US 0.6573, gives an Aussie Dollar Gold price of about $A 464.50.

That's up almost $A 20 in a straight line on my P&F chart and makes it as certain as you are ever going to get in TA that the $A Gold price has broken out of its nine month bottom formation.

$A Gold almost always leads $US Gold at bottoms. Unless there is a heroic effort to force down the $US price today, the Gold bottom confirmation I called on my website last week looks to be in.

The most interesting thing I have seen lately is the announcement from the Treasury that Britain has taken over from Japan as the nation holding the largest amount of Treasury debt. When the nation that used to issue the world's reserve currency is propping up the nation that now issues it, you may be sure that the entire situation is coming to a head.

Off to get some sleep now. I am looking forward to updating my Gold pages tomorrow.

a good place to be.......from..... There is NO intellectual life in Chicago... We all moved out to the Boonies long ago.

Nicko... I spent a week in Canberra...one night.....Just kidding!

Go Gold !!

http://biz.yahoo.com/finance/980403/boj_believ_1.html

Everyone goes to bed and I have to work. FINE ! GOODNIGHT...from the chilly Midwest .

Looks as if ( measuring by Bill Buckner's excellent point and figure chart ) , if we make it over 306, next resistance is 312, ( the downtrend

line ) , going back to 414 in early 1996.

Silver Standard lagging latest move in silver ( $3.70 share ) . Anyone
have any information or news.

If Japanese ownership of US securities gave them leverage, I suppose the same argument applies to Britain? Would Tony Blair say "I hope that the US will cooperate so that we aren't tempted to sell Treasuries and buy gold" or words to that effect?

Recall stories about various US companies falling into British ownership in recent years. To pick just one example, in 1988, Grand Metropolitan PLC ( based at 20 St James's Square, London, now part of Diageo ) acquired The Pillsbury Company and its subsidiaries, including Burger King Corporation, for $5.79 billion.

The British are invading...
http://www.news-observer.com/daily/1997/10/25/biz00.html

Looking forward to Privateer update!

Off to lunch...

Pray to the GOLD GODS for growth .PLEASE we have been GOOD

Pray to the GOLD GODS for growth .PLEASE we have been GOOD

Now is the winter of our discontent
Made glorious summer by this sun of gold;
And all the clouds that lour'd upon our Kitco board
In the deep bosom of the ocean buried.
Now are our brows bound with victorious wreaths;
Our bruised arms hung up for monuments;
Our stern alarums chang'd to merry meetings...


If the stern alarums are really over, then start thinking about
our merry meeting in Vancouver, ladies and gentlemen.

uses for jewelry and industry. In that respect I feel a lot more confident that, overall it has the potential to go higher. I was losing that confidence . In short..GO GAULD Ye Yellow Meatal of WOONDER!!!

test1

http://biz.yahoo.com/finance/980403/japan_econ_3.html

Send me an Italian Beef. Better yet a combo with sweet peppers.

CBS MARKET WATCH show at 7.33am gold @ 307.50 with asking price of $307.90

http://biz.yahoo.com/finance/980403/japan_euro_1.html

I am just thinking out loud, but what is the impact to the dollar if the European single currency is backed by gold? What is the % of US gold reserves agaist the $? I have lived in germany for the past 9 years, and I have not known one person who favors this union. BUT!!!! If this new currency is backed by gold, and gold ( seems ) to be on the rise, it would give more bite for the union. I am not a broker, but just an observer. By the way, I took farfel's advice-I purchased 6 1oz pieces at 578DM. Go Gold!

Looks like the Japanese people are buying gold hand over fist.

http://biz.yahoo.com/finance/980402/text_green_1.html

Windows 95
Windows 98
Windows 99
Windows 00

Windows -- the only OS with the year 2000 problem built into it's name

As I said yesterday, gold's action was and is EXTREMELY BULLISH. POG up $3.70 this morning as dollar and bonds continue to surge. Market reaction to news tells all -- far more than any chart formation or theory on what POG should be doing.

http://biz.yahoo.com/finance/980402/mexico_s_g_2.html

However the uninformed shorts may try to bring gold down at the open in New York. With Gold and the dollar rising together, just think about what will happen to gold when the dollar falls.

June Gold up 3.70 @ 307.90~~~~~S&P futures up 1.50

Didn't Another mention something about the dollar and gold moving up together? Place your bets, gentlemen. The window is closing.

I have a few of these shares. From my charting standpoint, it's wide and

loose, and the momentum has been poor. However, it now sits one and a half days away from a downtrend line on the daily chart, and the weekly chart looks good, it closed up last week. ( Monthly still in a downtrend ) .

If it can close today above 3.81 today it could be ( absent a failure ) quite spectacular for the next couple of weeks ( upside hopefully ) . Also, it has an Omnitrader daily and weekly buy signal, which allows that various technical signals are forecasting higher prices from here.

Another sign of changing times -- POG rose yesterday when Greensspan gave a major speech. First time this has happened in many a moon. For the longest time POG has almost always declined ( sometimes quite sharply ) when AG gave a major speech or testified before Congress.

ANNEX BULLETIN 98-14 March 28, 1998
Volume XIV
------------------------------------------------------------------------
The copyright-protected information contained in the ANNEX BULLETINS is
a component of the Comprehensive Market Service ( CMS ) .
-------------------------------------------------------------------------
IBM's 1997 Annual Report Reads Like a Hollywood Script

PHOENIX - A dog wags his tail, rather than the other way around, because
the dog is smarter than his tail, claims the script of a Hollywood hit
movie, "Wag the Dog," featuring Dustin Hoffman and Robert DeNiro. The
film's political message, frighteningly close to real life these days, is
that the producers can play God at will with the American masses
dumbed-down over the decades by electronic images. Hollywood can see to it that real life conforms to its fantasies and interests.
Enter Lou Gerstner's IBM Hollymonk Studios. Whoever said that fiction and soap are only created on the West Coast? IBM's 1997 Annual Report,
scripted and produced by the Big Blue's Armonkwood-based crew, owes nothing to the Hollywood or Disneyland producers. It elevates glitz over
substance; words over deeds; and fiction over reality.
Which only goes to prove that the famous elitist "New Yorker" magazine
cartoon - the one which depicted Los Angeles on the western bank of the
Hudson River - has finally some to pass in the virtual reality America.
Wall Street's money and Hollywood's imagination have combined to wipe out
the rest of the country between Manhattan and LaLa Land. The IBM
Hollymonk's "Wag the Big Blue Dog" production reinforces this point.
"IBM's market valuation - the ultimate measure of our performance - grew by $23 billion in 1997," IBM CEO, Lou Gerstner, boasted in his Chairman's
letter." So the Wall Street Casino, which trades on perceptions, not facts, is "the ultimate measure" of a company's performance, according to the Big Blue's chairman? Hm...
Wonder why we had not heard this kind of rhetoric from IBM when its stock
was in the doldrums? No, we are not thinking of the Akers era. Even as
late as July 1996, over three years AFTER Gerstner became IBM CEO, the IBM stock was only HALF of its recent price ( $53 vs. $106 ) .
So what has changed since then? Did the companies revenues and earnings
suddenly explode? Nope. The 1997 revenues and profits were both up only 3% over 1996. And the 1997 earnings were actually DOWN 4% if adjusted for the lower tax rate. So what has changed since 1996 is Wall Street's PERCEPTION of IBM? How did IBM manage that?
Easy. The IBM Hollymonk created an illusion of prosperity by buying back
its stock. In 1997 alone, the Big Blue spent $7.1 billion on stock
repurchases - MORE THAN ANY OTHER INVESTMENT the company had made, and more than IBM earned last year ( $6.1 billion ) .
Since the start of the buyback program in 1995, the company has now spent
some $18 billion on such economic perversion - WITHOUT CREATING A SINGLE
JOB OR PRODUCT! ( also see Annex Bulletin 98-04, 1/20/98 ) .
Who says that the "Titanic" was the most expensive movie ever made? The
"Wag the Big Blue Dog" was over 70 times more costly! But it took gullible "movie-goers," the investing public, to buy IBM Hollymonk's illusion of prosperity, and give such a grand delusion a real life meaning. The ultimate irony is that stockmarket paper gains can disappear as fast as they are made. But the $18 billion of IBM shareholders' real money is now gone forever.
IBM, Real Life Story
And now, contrast the preceding IBM Hollymonk "Wag the Big Blue Dog" soap
with IBM, the real life story in 1997:
 EQUITY was down by $1.8 billion;
 CASH was down 7%;
 CASHFLOW was negative ( $581 million ) ;
 Core ASSETS were down 8%;
 Core DEBT was up 41%;
 REVENUES were down in five of IBM's seven business segments:
 SERVERS - down 4.5%;
 CLIENTS - flat ( -0.1% ) ;
 PERIPHERALS - down 5%;
 SOFTWARE - down 2%;
 MAINTENANCE - down 8%;
 RENTALS & FINANCING - down 8%;
Only SERVICES and OEM hardware revenues increased ( 22% and 23%
respectively ) . But alas, these two segments carry relatively low gross
margins. So, on we go with IBM's 1997 real life story...
 GROSS MARGINS were down 1.2 points to 39%, following a two-point decline in 1996.
 IBM's global SERVICES won $24 billion-worth of new contracts in 1997 - an impressive figure, except that it was down from $27 billion in 1996.
Which meant that IBM lost market share to EDS, which closed $16.3 billion
of new business last year, up from $8.4 billion the year before - an $11
billion swing in EDS' favor!
 Finally, as you've already seen earlier, NET EARNINGS were also down 4% when adjusted for the lower tax rate.

In light of the above FACTS, Gerstner's self-aggrandizing "Ode de Success" tune ( in his 1997 letter to the IBM shareholders ) sounds a bit off key. "Our customers and business partners are looking for someone to lead, and we intend to do it," he said.
Lead? With results like that? Such a request must have come from people, such as Gerstner's Fortune/Forbes 500 "Dino-pals" ( see Annex Bulletin 96-42, 8/21/96 ) , to whom mediocrity sounds like heaven compared to oblivion. No wonder even IBM's ebullient chairman let his guard down when he wrote, "a 40,000-foot view ( presumably his - in one of IBM's corporate jets? ) doesn't really tell the story - where the growth will come from and why, and how we plan to return IBM to industry leadership."
Notice something incongruous here? Given IBM's mediocre performance,
Gerstner is correct in talking about the growth in a FUTURE tense ( "will
come" ) . And he is admitting that IBM is no longer the industry leader
since the IBM CEO plans to "return" the Big Blue to industry leadership.
Well, if Gerstner hasn't done it in the five years he has been at the IBM
helm, what makes him think that he can do it in the next five? Or the next 50?
But those are evidently not the kinds of questions Gerstner's cronies had
asked ( whom he had appointed to the IBM Board - talk about corporate
incest! ) , before giving him two million shares as stock options last
November with an estimated value of over $80 million based on current
prices. And this was on top of some $95 million-worth of stock options
which the IBM CEO had received since joining IBM in 1993.

It was boring

consensus est. is 250,000 jobs creaTED

APH, silver up today! I hope you're still long on silver. It would be great to know what your opinion is right now about shorting silver. Although I believe its very risky to short silver with the silver stocks this low. You've had good calls on shorting silver in the past. For now I'm still going to stay long in silver.Let us know what your graphs are saying! By the way, in which time zone you live in?

Gold experienced the biggest gain in over a year in Tokyo. It was
UP 30Yen per gram, closing on the high at 1310Yen/gram.

http://www.tor.ec.gc.ca/forecasts/forecast.cgi?city=Sydney?ovince=Nova+Scotia

on your mark get set GO GOLD!!!!!

Ouro- I doubled up yesterday st 6.53, sold everything at 6.71 this morninng, I may short it between 6.75 - 6.80 but i want to watch it first, I'll let you know, Chicago

What a most excellent time for a movie mimicking the '29 crash set in a modern context. Opulence to wasteland in ninety days...hero is a smart guy who shorted stocks or had gold ( everyone thought he was a nut ) . Hero leads the peopleo out of the wilderness, and so forth...Copyright, studio.r, 1998. Dust Bowl 2000.

I would like to add something to Disney's comment about RSA gold reserves, when he said:

"On Gold mines .. there is nothing anywhere in
the world to match the gold deposits in RSA. If you
want to believe otherwise .. please do so.. just
remember that I told you ... Once."

Our GLOBAL GLOD COMPARATIVE ANALYSIS demonstrates the RSA gold stocks represent the CHEAPEST GOLD RESERVES per share in the world:

 Gold Reserves Per Share

RSA owns nearly SEVEN TIMES more gold reserves per share as North-America

RSA owns nearly FORTY-SEVEN TIMES more gold reserves/share as Australian

 Market Price Per Ounce

North-America shares reflect a market price of $138.09 per gold reserve ounce
Australian shares reflect a market price of $172.00 per gold reserve ounce
RSA shares reflect a market price of ONLY $12.01 per reserve ounce

 Market Price Per Ounce - Expressed Differently

North-America gold reserves are more than 11 TIMES more expensive than RSA
Australian reserves are more than 14 TIMES more expensive than RSA


HERMANOS, it ain't even close!

1998's big market play will be in South African Gold Stocks

Anybody have a quoate on overnight oil?
Anybody have the silver stocks data from yesterday??

The following information came from the 1995 report of a prestigious international financial research group.

While few investors buy gold stocks for the dividend yield, it is indeed nice to receive cash dividends during the year. The dividend yields indicated below are the averages of the principal gold mining companies of each geographical sector ( North- America, Australia and South Africa ) .

Dividend Yields --

North- America......1.0%

Australia..................2.1%

South Africa............6.9%

While investors patiently wait for the gold bull to reassert itself, does it not make eminently more common-sense to be earning 6.9% on your money rather than 1.0% or 2.1%???! On a $100,000 investment it obviously means $6,900 in your pocket from South African gold stock versus a paltry $1,000 from the North-American positions. That's $18.90 daily ( the equivalent of a good lunch in a decent restaurant ) , versus $2.70 ( the cost of a Big-Mac hamburger ) . Perhaps, what could have been dividend monies from North-American companies are really going to finance the luxury lunches of their top-management - while you munch away on your Big-Mac hamburger, perched precariously on a counter-stool in some rinky-dink McDonalds.

1998's big play will be in South African Gold Stocks.

consensus est is + 250,000 & the reality ( ?? ) is---DROPPED 36,000 ( good estimate..eh! )

He posted at about 4 that he sol all silver positions at 6.70
he said if breaks 6.80 he's back in,here comes the profit takers

GOLD ZOOMING!!!!!!!!!!!! The Japanese are buying ALL PRECIOUS METALS.

We need a $10 day! *** Go GOLD ***

Buenos Nachos! Hope all is swell, mi amigo.

He's here,better straight from the horses mouth,GO GOLD!

Asahi Shimbun Friday April 3 1998
Hashimoto, Kim agree on `partnership' program
By TAKESHI SOGA

Asahi Shimbun LONDON--Japan and the Republic of Korea ( South Korea ) on Thursday agreed in principle to draw up a comprehensive cooperation program to set the often rocky bilateral ties on a more stable course, officials said.

The agreement on a Japan-South Korea Partnership came during a meeting between Japanese Prime Minister Ryutaro Hashimoto and South Korean President Kim Dae Jung.

Kim also accepted Hashimoto's invitation to make an official visit to Japan. Kim, who took office Feb. 25, could come toJapan as early as autumn, Japanese Foreign Ministry officials said.

The two leaders met in London ahead of the second summit of the Asia-Europe Meeting on Friday and Saturday.
http://www.asahi.com/english/enews/enews.html#enews_13844

The XAU is poised for a 25 MONTH BREAKOUT of its downtrend which began in February 1996 - when it reached about 150. To fully appreciate the significance and probability of the BREAKOUT, please go to to the CBS charts at:
http://cbs.marketwatch.com/data/_charts/achart.htx

Set the Defaults for: 3-years/weekly, Moving Average of 40, and Stochastics Period of 8.

Looks mighty probable.

wood....gotta stay warm bro ( life& death battle..eh ) ...Life ( ? ) in Cape Breton goes on....and onnnnnn...

New York-April 2-FWN--COMEX ESTIMATED VOLUMES

TOTAL ESTIMATED VOLUMES
Gold 30,000
Silver 19,000
H.G. Copper 11,000


New York-April 2-FWN--THE FOLLOWING ARE THE COMEX GOLD
warehouse stocks:
GOLD ( Quoted in Troy Ounce )

TOTAL REGISTERED
571,508 0 0 0 0 571,508
TOTAL ELIGIBLE
148,278 0 0 0 0 148,278
COMBINED TOTAL
719,786 0 0 0 0 719,786


Silver

TOTAL REGISTERED
-868,520 0 35,099,522
TOTAL ELIGIBLE
1,190,027 0 52,080,803
COMBINED TOTAL
321,507 0 87,180,325

COMEX Correcting Silver Warehouse Stocks, Part 2
COMEX Corrects COMEX Metal Warehouse Totals for Today's Close


--COMEX correting the change for silver--
COMEX Metal Warehouse Statistics for April 2

-- TOTALS
Gold 719,786 + 0 troy ounces
Silver 87,180,325 + *254,482 troy ounces
Copper 112,561 + 0 short tons

TOTAL REGISTERED
-868,520 0 35,099,522
TOTAL ELIGIBLE
*1,122,922 0 52,080,803
COMBINED TOTAL
*254,482 0 87,180,325


Remember there is ONLY 148,278 ounces of eligible gold in comex. The price is going up, hurry and you can close it out with $45,29,515 ( $305.45 8:48 ) . All the eligible gold in comex CAN be yours.

Eye-balling the Intra-Day chart of the Johannesburg All-Gold Index, it
looks to be UP about 6%.

I'm having a hard time keeping up with all my RANGY emails, so maybe this will help:
During my month-long research phase on Randgold & Exploration before writing the article found on goldEN-eagle.com, I found over 500 references to RANGY. Ive condensed this down to the best 80+ articles and have zipped them into a 300k file. Hopefully this will save my fellow Kitcovites many long hours of searching. Rather than smoke Bart's bandwidth, Ive decided to email this file ( offer only valid until my ISP freaks out ) to all who want it. If you are interested, send me an email to rangy@usa.net and put RANGY-ZIP in the subject, and Ill do my best to get all replies sent out over the weekend. If you are concerned about revealing your email address, rest assured ( except for Heprat ) that Ill strictly honor your privacy, so please dont ask me for other peoples emails. Thanks.

For those who wanted a RANGY buyout/breakup prediction, my crystal ball is as cloudy as the next guys, but Ill recrunch all my spreadsheets and post my findings this weekend. John Disney's $4 per share sounds very reasonable to me. Been a long week here, calling it a night...Sayonara.
P.S. Vronsky, the 30 yen per gram jump was due to my local buying ( I wish : )

Futures Contracts
Updated as of: Apr 03, 1998 @ 8:57 am ET

Sym. Company Name Last Change %Chg High Low Vol.

GC M8 June Gold 3080 +38 +1.2 3095 3036 28.0K
SI K8 May Silver 6655 +122 +1.9 6745 6525 12.6K
PL N8 July Platinum 4106 +71 +1.8 4119 4099 1.88K
PA M8 June Palladium 26700 +600 +2.3 26700 26000 0

A breakout Friday, Yes?

A breakout Friday, Yes?

Spoke to a coin dealer this morning who says the phone is ringing off the wall over the past few days. My wife asked me if I had heard how bad things were in Japan. She had just heard about what the Chairman of Sony was saying.

Got your email, forgot your handle. You can contact LYDX info at cnw@newswire.ca Thanx

Give me Silver Streak at 10-1.

DROOY UP 3.8%, RANGY UP 6.7%, HGMCY UP 9.7%
geeze, guess ol' vronsky ain't so foolish after all.

There is one downside to the new Gold Bull. With all the new interest in Gold there will be a lot of newbees checking out the Kitco sight. Thus this means we might not have such easy access to all our friends on this discussion group. Kitco user resources could be tied up with all the new interest.

Though I believe there is a great wealth of information available in this group, this is a risk I am willing to take to see mine and all of your gold investments rise into the stratosphere.

MOODY'S INCOMPREHENSIBLE "DOWNGRADE"...
That this is war, there can be little doubt. Good-bye dollar.

1. Japanese economist Iida Tsuneo, asserts, ...the bubble economy developed because Japan caved in to US pressure to stimulate domestic demand and took it too far. ( Voice, January 1998 )

2. ..Eto Jun, This is not administrative reform for the Japanese but administrative reform for foreigners. The Japanese system is bad, we are told. Everything about it is bad. The financial system is bad too. The only way to make sense of it is to conclude that the object is to mass-produce self-hating Japanese. Japan has become a puppet on a string, manipulated both militarily and economically by the former Allies.

3.Nishibe Susumu, ...the spread of globalism is nothing more or less than the Americanization of the world.

4. To Western Europe...the apparent failure of the Asian model of development was not merely an economic phenomenon but a historical vindication of modern Western thought. In the eyes of the affected nations the terms of the proposed rescue packages from the International Monetary Fund were not so much rational economic measures as POLITICAL DEMANDS for what amounted to a wholesale repudiation of East Asias political systems.

5. South Koreas newspaper headlines speak daily of the IMF occupation, and Southeast Asian countries are awash in rumors of a Jewish plot to destabilize their currencies. The reaction in these countries has been the stronger because their confidence was at such a high point before the crisis, and it tells us how deeply they have been hurt by a situation they cannot account for in rational terms.
http://www.japanecho.co.up/docs/html/250213.html

AT 10:08 SHOWS GOLD AT $308.50 MIUM MIUM

Kitco seems ... what shall I say... REALLY SLOW. Must be a rush of lurkers checking gold.

Just in case you don't know. There is only 148,278 ounces of gold that is eligible for delivery in Comex's stocks. $45.4 million ( 305.90 10:10 am ) would wipe out this small store of bullion. Trust me that is NOT MUCH MONEY.

MOVE QUICKLY the price is going up. Just think only 148,278 ounces of gold that is eligible for delivery in the COMEX stocks.

Thanks for the update on the silver stocks at the comex. Hey what do you think the London stock size is.

Seems like our little silver rally has kinda run out of steam. Suspect it will have a little push higher by the end of the day. I'll settle for $661

Polarbear  It is obvious you have the sheep mentality. Everybody here makes money when the metals head north. We certainly dont promote boilermakers? We have our own greed to carry us along Away to count profits.

Are you out of your Gold shorts ???

Time will run back, and fetch the age of gold
And speckled Vanity
Will sicken soon and die.
John Milton

Methinks the orientals are going to respond-soon. Change,eh. Tom

.

There is a lot of trouble accessing many of the other coin dealers sights also.

The url for the Japan Echo article quoted, "A New Backlash Against American Influence" is--correctly!--
http://www.japanecho.co.jp/docs/html/250213.html

Off to sign-up for typing lessons...{:- ( (

theres going to be a mean run at short covering at the close
today,NOBODY wants to go into this weekend exposed to the
possibilites of?~~~~~~~~lets hope it snowballs,it might not take until
the close,some will take their medicine sooner.

Remember there is only a $75 daily limit on Gold futures. Gold can only get to 379.20 today.

I know! I know! It's nice to dream sometimes...

Frauds, Phonies, Scams in US Treasury Securities
Now here is an interesting development
http://www.publicdebt.treas.gov/gsr/gsrcc.htm

Sigh. An ounce of gold is an ounce of gold.

A look at USG priorities?
The world is in a bit of a muddle. Saudi/Iran/Iraq. Japan/South Korea.
Care to guess where US Secretary of State has been directing her
efforts? Haiti. bbl

Check out the South African stockd traded in New York ( ADRs ) :

http://www.dbc.com/cgi-bin/htx.exe/dbcfiles/SOAFRAt.html?source=core/dbc

One, two, three, four, five, six, seven...oh, sorry--I was just counting my profits.

SDRer__,

Thank you for invoking the poetic muse of John Milton on gold. My own favorite is William Butler Yeats poem, "Sailing to Byzantium."

"Once out of nature I shall never take
My bodily form from any natural thing,
But such a form as Grecian goldsmiths make
Of hammered gold and gold enamelling
To keep a drowsy Emperor awake;
Or to set upon a golden bough to sing
To lords and ladies of Byzantium
Of what is past, or passing, or to come."

TVX $5.25 +10.5%
ABX $31.90 +3.4%

on gold......NONE. Like it would ever move that far that fast....EVER..... ( ugh ) . go plat!
away.....to w/w
?

If good South African stocks are going to be the winners of 1998,everyone

should know that Vaal Reefs name has now changed to Anglogold Limited,

AGOLY.

VAALY is now AGOLY; now at 4 7/16, up 1/8. Ashanti ( ASL ) is not on the list? It's really booming too.

To all:

It's pouring down rain today in beautiful, downtown Hapeville, GA. But who cares?

Gold has made its first stab at its 200-day MA. It didn't make it above it. That's not unusual on a first attempt.
The XAU has broken over its 200-day MA on its second attempt. Very impressive. We haven't seen this for two years or so.
Gold has also taken out the January high. So we can say definitively that the uptrend remains in tact, with a series of higher highs and higher lows.
I don't know if this is the end of the present move upward or not. But enough technical damage has been done to the bears already to put them in a sour mood.
Hopefully, gold will knock on the door again and get over that MA and we'll be off to the races.
Stay posted

The Preacher

A number of gold stock securities were at a high in mid-March 1997, but in a downtrend which began in the previous year. Since that last high all gold securities have fallen hard. However, recent positive price action strongly suggests the long awaited bull is here at last. Consequently, it behooves us to carefully evaluate what gold securities have the probability for the greatest per cent gain in the near future.

Our fundamental report "GLOBAL GOLD COMPARATIVE ANALYSIS" clearly shows the South African golds to have far superior value based upon total gold reserves, and the best market price per share for those reserves. Subsequently, I would like to submit additional technical support to our conclusion that 1998''s biggest play will be in South African gold stocks.

For my comparison I will again use Polarbear's favorites of Randgold ( RANGY ) and Durban Deep ( DROOY ) - see his Internet report "RANDGOLD & EXPLORATION." To represent the best North-American gold companies I will use as their proxy Fidelity Select American Gold mutual fund ( FSAGX ) .

History demonstrates that succeeding bull markets always take out its past highs. This one will be no exception. Consequently, when the looming gold bull market progresses to that stage, we will see each of the above three securities again reach their March 1997 highs. Following are the expected per cent appreciation of these securities. You may verify my figures by going to the websites listed below - just set default parameters for "3-years/weekly and Stochastics for an 8 period, and a Simple Moving Average of 40:
http://cbs.marketwatch.com/data/_charts/achart.htx
http://www.stockmaster.com/sm/g/R/RANGY.html
http://www.stockmaster.com/sm/g/D/DROOY.html
http://www.stockmaster.com/sm/trmf/F/FSAGX.html

FSAGX will appreciate this per cent to reach 1997 highs: ....80%

DROOY will appreciate this per cent to reach 1997 highs: .270%

RANGY will appreciate this per cent to reach 1997 highs: ..480%


One does NOT have be a Warren Buffett nor a Bernard Baruch to "analyze" the merits of this little technical comparison. To reach old highs FSAGX will less than DOUBLE, DROOY will nearly QUADRUPLE, and RANGY will nearly SEXTUPLE in appreciation. On top of all this, the two South African gold mining companies are up to their eye-balls in cheaply valued gold deposits in comparison to their North-American brethren.

There is no decision making process here --as the answer blares out into our faces:

1998'S BIG WINNER WILL BE SOUTH AFRICAN GOLD STOCKS..

HARMONY ( HGMCY ) up 13.27% to $4 ( up 15/32 )

Go SA stocks. Was I the last one to buy HARMONY yesterday?

I'm a pig. I want to see silver close today in the mid $6.70's. It can do it.
Gold I'd be happy with @ $309. $312 - $315 next week. Oink.

He suggested the stock, good call John, thank you.

Date: Fri Apr 03 1998 10:14
jims ( Thanks Goose ) ID#252391:
Thanks for the update on the silver stocks at the comex. Hey what do you think the London stock size is.


I wish I new. Now that we know how little is left in Comex, you can understand why they keep that information hidden from us. It for sure is a BIGGER paper game than Comex.

Who knows maybe as little as $200-300 million may wipe their eligible stocks out. Wish I knew.

Only 148,278 ounces of gold in comex that are eligible for delivery. $45,387,895.80 ( $306.1 11:04am ) and you can walk off all that bullion.
If 1,490 contracts take delivery, all the eligible bullion in comex is gone. That is only 4.9% of the contracts that traded yesterday!!!

..dropping hard, anyone else concerned?

Got your email. Outgoing still out and could only get off one post today so far. It looks like this will go. If you can, give me a call 704 433 6473--how do you read Ken Smith?. Thanx

"Monuments of unageing intellect"!

Treasury securities themselves are big scams. Like the United States ever plans on paying back $5.5 trillion.

If this generation chose not to pay for current consumption, what makes you think the next generation wants to? Not only will they not want to pay for their current consumption but they surely will not want to pay for the previous generation.

$430 Billion in new M3 money annually for the past few years. The preliminary numbers for March look like almost $60 billion in new M3. How does the Federal Reserve justify this?

Forget about the DJIA at 9000, and the 3 hour CNBC special. When are we going to have our Kitco gold convention? ( Hope I did not steal your thunder Bart ) . When gold rips through $500 every body here should be able to fly anywhere to the said convention -no excuses, If only the DJIA bull can stay alive to give my gold stocks the extreme valuations they all merit.

Who is going to organize the convention???

Go Gold, Silver & Platinum

Myrmidon et al: Today's exemplary action is ONLY THE BEGINNING in what we will see during 1998 in South African Gold Stocks. Wait till US institutions ( Gold Mutual Funds ) - and large, cash heavy N/A Gold Mining Companies, hungry for GOLD RESERVES ACQUISTION at basement-sale prices - see Golden Elephants in South Africa.

Today's Action:

Durban Deep ( DROOY ) * UP 6.33%

Randgold ( RANGY ) ****** UP 6.67%

Harmony ( HGMCY ) ******** UP 13.27%

Just looked at an intra-day chart of Gold ( June basis ) . Using standard chart analysis, looks like it's forming a penant/triangle after a large flagpole upward from yesterday to today. Using standard projection techniques, if it breaks up, we could get about 312-315 this afternoon. It looks like it's coming to the end of the penant/triangle formation and ready to go.

My only concern/hedge is that on intra-day charts, it' not as reliable as on even a daily chart. Sometimes what seems obvious on these intra-day charts, winds up reversing. However, given the power shown so far with Monthly and Weekly momentum indicators, I think we'll get the 312-315 this afternoon. I'm straddled as usual for protection, but have a few more calls than puts. Don't know if I want to go to lunch or not. Either direction might give me a turning stomach. We'll see!

When I first talked with my wife about buying gold -- that is, when I first laid out to her my rationale, my view of what's coming down in the world -- she said, "You're either a fool or a genius!" But she went along.

It's amazing how much smarter I seem to be getting lately.

When I first talked with my wife in February about buying gold -- that is, when I first laid out to her my rationale, my view of what's coming down in the world -- she said, "You're either a fool or a genius!" But she went along.

It's amazing how much smarter I seem to be getting lately. ( And she too, how much more wise she becomes with every uptick. )

Futures Contracts
Updated as of: Apr 03, 1998 @ 11:32 am ET

Sym. Company Name Last Change %Chg High Low Vol.


GC M8 June Gold 3085 +43 +1.4 3095 3036 32.6K
SI K8 May Silver 6565 +32 +0.5 6745 6525 17.1K
PL N8 July Platinum 4095 +60 +1.5 4125 4081 1.88K
PA M8 June Palladium 26225 +125 +0.5 26700 26000 309

CNBC just mentioned 'flight to quality" and gold in the same sentence.

traded yesterday take delivery!? !? !?
WOW! Somebody is on dancing on quicksand.
"How can we know the dancer from the dance?"

Myrmidon and others who are accumulating shares od SA Gold Stocks:

Do yourselves and the rest of us a big favor. Tell your Stock Broker to
read the GLOBAL GOLD COMPARATIVE ANALYSIS located at the G-o-l-d--E-a-g-l-e website.

For any skeptics out there. Should you wish to construe my rhetoric as 'hype,' that's your perogative... YOUR LOSS, but your perogative. Then DON'T READ WHAT I SAID!!! But do yourself a big favor of looking at the SPREADSHEET COMPARING North-American, Australian and South African gold shares. No hype there, baby... just pure objective numbers. They tell their own story!! Just as today's market action is telling its own story.

TELL YOUR BROKERS
If indeed the XAU closes today above 85, we will have a legitimate 25-month BREAKOUT... heralding the new bull market in precious metals mining shares - where-ever. But as history is prologue, the South African gold Stocks performance will far out-shine the N/A and/or Australian gold stocks.

Looks like the triangle/pennant has broken downward on intraday chart. Momentum still up, but the fast jump scenario to 312-315 may take a little longer than this afternoon. Momentum still strongly up at this point, unless something drastic occurs here.

Looks like the triangle/pennant has broken downward on intraday chart. Momentum still up, but the fast jump scenario to 312-315 may take a little longer than this afternoon. Momentum still strongly up at this point, unless something drastic occurs here.

Harry Schultz points out in his newsletter http://www.ihsl.com/

July 3 Thailand to devalue Baht--Australia announces it sold gold

Oct 24 Big stock market volatility on 10 yr. anniversary of 87 crash-- Swiss panel announces recommendations for gold sale

Nov 24 Japane Yamaichi goes bankrupt--Eddie George announces opinion that Euro central bank would likely hold little gold.

He notes that none of these were current news, merely fed to the press at critical moments.

He says the purpose of owning gold is not just to make profits, thuogh that's a hoped for bonus, but to have some buying power in case of bank runs/failures ( eg Asia today ) , and to legally transport wealth ( if rare coins ) , for privacy from govt, to have some money outside the banking system, and the ultimate crisis and wartime survival material. No nation is risk-free! Even if I knew gold would fall every year, I would still want to own it, as it could save my life or life savings.

Just got the packet from AYM. It's about 1/2 inch thick. Might pay to wait till Sat am. I'll do my best, thanx

Konoe Fumimaro, Against a Pacifism Centered on England and America:
... calling it a natural impulse for countries like Japan... who labor within an inequitable international system that works to the advantage of Britain and America alone.

...it would be a great economic blow to Japan...in such a case, the need TO INSURE ITS SURVIVAL WOULD COMPEL JAPAN TO ATTEMPT TO OVERTHROW THE STATUS QUO as Germany did before the first world war.
http://www.japanecho.co.jp/docs/html/250213.htm

TheMissingLink@right.2.b.skeptical Do you think they feel they need
to explain ANYTHING to their "subjects"? When they want the "sheeple"
to move in a given direction, they send out an infoDOG to herd us up
and get us moving.

Mozel@Be.well.God.Bless --you made/make a difference; bacon's "nam et ipsa scientia potestas est!

Last fall when the Hang Seng and the Nikkei were plunging, the global media showed an old man on the streets of Tokyo. He said, I'm putting my money in the Postal Savings account. I don't trust any of the banks. Now it appears that the Postal Savings are being used in vain to support the Nikkei. I feel sorry for that guy. I don't know how difficult it is to get gold in Japan, but that's what this guy should be doing.

Try to understand, IN ORDER TO PROFIT FROM DEFLATION, YOU NEED MONEY ( GOLD ) NOT PAPER.

Harry Schultz is still writing and has been knighted???? He wrote one
of my all-time favorite books on markets "PANICS AND CRASHES AND HOW TO MAKE MONEY OUT OF THEM. 1972, Arlingon House. One of his/my favorite quotes

" All the perplexities, confusion and distress in America arise, not from the defects in their constitution or confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation." John Q. Adams, 1829

Yes?

Thank you.

In Deflation because of defaults, the value of cash ( purchasing power )
will increase. There will be less money in circulation.

I'm familiar with Island arc and tectonics for Atlantic spreading center. How do you read Yamana's PNG stuff? Thanx

Gott im Himmel, Vronsky, took me over an hour to get onto this site! Quit hoggin' the bandwidth will ya? : ) Just a couple of words, now that I've finally gotten through all the propaganda, on cheeeeeap SA deeeeeeeeps! The newly-created SA Gold Index ( HDR ) was, as of an hour ago, UP 21/32 to
8 1/16 ( +8.86 % ) while the NA GOLD INDEX ( LBN ) was UP 4 11/16 to 82 13/16 ( +6.00% ) . On the surface it would appear that Vronsky's deeps are outperforming, but remember, the SA deeps are SOOOOOO cheeeeeap relative to their NA counterparts that mathematically speaking they have a much higher probability for larger percentage gains than their larger NA cousins initially on any given day. We all know it's easier for a really cheap penny stock to outperform a larger more expensive thoroughbred mathematically because it's easier to double a penny stock selling at a couple of bucks/share than it is to double a more expensive thoroughbred selling at 25-30 bucks a share! Case in point today is Cornucopia ( CNPGF ) . Here's a NA gold that is up a breathtaking 40% today because it is so cheap ( from 5/32 to 7/32 UP 1/16! ) . Does this mean Cornucopia is a better gold stock than ABX or NEM? What a joke! Could it be a better investment for a quick trade? Ah! Now that's a horse of a different color! If'n I wanted to outperform the HDR Index today all I'd have to do would be to put ( CNPGF ) +40% into an index with Dayton ( +9.52% ) and TVX ( +9.26% ) ! Does that mean that CNPGF, DAY and TVX are better gold stocks than DROOY, HGMCY and RANGY? Obviously not! All it means is that the cheeeeeaper the price of the stock the LESS it has to move to rack up bigger percentage gains ON ANY GIVEN DAY! Of course the OPPOSITE holds true as well! They will UNDERPERFORM the larger cap gold stocks on a day when gold is tanking! My point is that day to day fluctuations in perecentage gains doesn't really prove a whole lot. What we need to do is sit back and evaluate relative performance over a much longer period of time like six months to a year. Keep this in mind as THE CONTEST BEGINS LATER TODAY AND WITHHOLD ANY JUDGMENTS UNTIL DEC. 31. Heilige Kuh! What a day to begin a goldmining stock contest! I can hardly wait!

PS. VRONSKY--Since you's the appointed SA GOLDMEISTER at this site, perhaps you'd like to explain to this goldbug why St. Helena ( SGOLY ) has a dividend yield of 22%!!! Is this mine viable or is it even more undervalued than Drooy? Enquiring mines want to know! Fun to watch the talking heads on CNBC struggle with the alien concept of gold and gold mining stocks, ain't it? Talk about sheep!

JSE All Gold index up 7.16% to 883.

On CNBC the analyst was bumbling, the dollar was strong, the bond market strong, gold bullion should not go up...bla, bla.. Then he said here is a stock, Homestake and called it a value play, Even saw the nice chart, going up. He also said something about investors like a cheap $11.00 stocks.

Ouro - I bought back half of my may Silver at 6.54.

Yeah, Harry puts out a great newsletter. The copy price is even quoted in gold among other currencies ( 0.168 oz. ) Fairly expensive but worth it IMO. There are 2 or 3 free samples of back issues at that site. He was trying to get more subscribers a few months back, so if you decide to get a subscription, mention my name please.

Harry Schultz Letter was recommended to me by Scope International http://www.britnet.co.uk/scope/ who put out books dealing with freedom, libertarianism, especially for people who are seeking financial and political freedom. Libertarian minded people should contact scope for a free brochure.

Your following "Enquiring mines want to know!" is typical and representative of your dribble.

Today currency is not an asset it is a confidence game. It is hard to believe that the Dollar won't be destroyed/devalued in a market collapse. Nothing stops them from trying to print more dollars. I am not sure whether the dollar will collapse before during or after the stock market collapses. I do feel strongly that the dollar will collapse, or in other words, lose massive purchasing power.

It was mighty quiet around here when Allen posted, so with the forebearance of those who had time to do all their catch-up reading, I will repeat it now:

llen ( USA ) ( Gentlepersons, quietly look about you ... ) ID#246224:
Copyright  1998 Allen ( USA ) /Kitco Inc. All rights reserved
... Notice where the EXITS are and where they lead. The theater IS crowded. It is important to not contribute to panic as this would
block your timely and safe departure. This theater is called "Investments, Savings and Operating Capital". The show has been running well
for quite a long time now, but time IS running out. May I suggest you begin, discretely, moving toward the exits.

These exits are small and narrow. You will need to duck under as you traverse through. There are three: cash, physical PM's and 'other
tangibles of value' such as land. Unfortunately the last exit mentioned is a trap, do not go through that door as it will lead you back into the
theater again.

The narrowest door is platinum. The next narrowest is gold and finally silver. But do not be fooled even the 'cash' exit is extremely small
and when even a few try to exit through that way it will be blocked.

There is US$5,500 BILLION US$'s in the "liquid" section of this theater, some of which may decide to leave the theater rather to hastilly
through the 'cash' exit. Unfortunately there is only room enough for US$ 100 BILLION to actually leave in total before that exit weakes
and fails.

That is the largest exit. The other exits will, of course, be blocked if even a minor portion of the patronage wishes to bypass the 'cash' exit
in an attempt to egress.

... Notice where the EXITS are and where they lead. The theater IS crowded. It is important to not contribute to panic as this would
block your timely and safe departure. I believe we are in the last portion of the closing act. It may be a good time to move slowly to the
exits, now.

Good night.

For Myrmidon
Thank you and bless you ..
For Mozel
Great to have you back
For high rise
Im worried about lease rate ..
whats the easiest way to get them??
For Cheese head..
When I started recommending Harmony
it was as low as 10 rands .. that was
a few months ago .. now its pushing 20.
Im ready to take some profits and
you're still telling everybody all
about it. Have another banana.
For Everyone ..
A warning .. the first quarter
results for the RSA mines must be bad.
It is seasonally the worst quarter
because of lost vacation days PLUS
the rand gold price was maybe 5%
worse than in the December quarter.
Plus it is possible that the forces
of evil may launch a counter-attack
against GOLD.

You can compare the SA gold index and XAU. Don't mess with individual stocks. Simply compare the 2 indices and keep the data so you can plot it as you go along.

Which one is going to be the winner is not so important to me. I view SA golds as a necessary diversification, and so should any prudent gold investor.

You need someone like me to keep ya' humble and stimulate your DEEEEEEP thinking! DEEEEEEP down I kinda' admire you! Just don't always agree with ya'! Have a beer and change your name to BREWSKY--might lengthen your up- tight Type A personality and prevent you from joining the Rand in currency heaven! : ) JUNE GOLD @ 308.40!! GO JUNE 320'S and 30's! Might make enough money to buy a few shares of SGOLY and lock in that 22% yield!

...and I went along and kept buying gold and shares ( and she knows part of it! ) , but until today I don't look like a genius! ( YET!!!! )
Your timing was better than mine.

Thanks for sharing your story with us!

Alberich the Dwarf

M3 Money supply in $billions

93.01 4178.2 94.01 4264.3 95.01 4356.9 96.01 4626.9 97.01 4961.1

93.02 4177.3 94.02 4248.6 95.02 4362.6 96.02 4658.8 97.02 4997.8

93.03 4174.7 94.03 4251.6 95.03 4374.3 96.03 4692.3 97.03 5032.0

93.04 4184.1 94.04 4265.6 95.04 4401.7 96.04 4710.2 97.04 5075.2

93.05 4213.3 94.05 4269.9 95.05 4435.0 96.05 4739.3 97.05 5091.2

93.06 4213.2 94.06 4269.3 95.06 4472.8 96.06 4764.3 97.06 5114.3

93.07 4211.0 94.07 4290.5 95.07 4503.1 96.07 4783.6 97.07 5154.2

93.08 4213.0 94.08 4289.1 95.08 4531.2 96.08 4801.7 97.08 5199.3

93.09 4223.4 94.09 4298.2 95.09 4554.3 96.09 4832.1 97.09 5237.2

93.10 4233.9 94.10 4307.9 95.10 4571.1 96.10 4867.1 97.10 5274.4

93.11 4248.6 94.11 4319.4 95.11 4583.0 96.11 4894.2 97.11 5325.8

93.12 4258.9 94.12 4333.6 95.12 4595.6 96.12 4935.5 97.12 5375.7

Total_$65.4______$74.7_____$262.0_____$339.9_____$440.2

With all due respect, I hope to be exiting the gate before the end of your poll.

All that is gold does not glitter,

Not all those who wander are lost;

The old that is strong does not wither,

Deep roots are not reached by the frost.

From the ashes a fire shall be woken,

A light from the shadows shall spring;

Renewed shall be blade that was broken,

The crownless again shall be king.

Words from Tolkien that seem particularly applicable to gold as currency

past, present, and future! All hail KING GOLD.

We're going to make our French friend, Stephane, very happy with a
close over $306 in the gold. On his graph, you can see a breakthrough
at $294, which was a good mid-term omen. He has been looking for a
breakthrough of the two coinciding resistance levels at 306, which
will leave gold wide open for a rapid rise to 320 -330, in the short-
term. Gold mining stocks confirm the breakthrough on the mid-term.

http://home.worldnet.fr/scdut/ANALYSE.HTM

Not a technician myself, but feel it's important to know when the
technicians have their heads in your direction. They have the weekend
to think about it, too. Come on, gold. Only a little longer now . . .

Doing my part to make a "push" the last 15 minutes. Tom

The forces of evil are waitin' in the wings to knock some sense into that precious yellow upstart! Gold now climbing the precious wall of worry to new respectability! Thank you, Herr Hoover Hashimito!

Too excited too type!

CAN we hit 310 on the day the DOW hits 9000? RED FLAGS AND DIVERGENCES ALL OVER THE PLACE FOR THE PAPER BOYS!

BUY GOLD WITH YOUR US DOLLARS!

Cast off the corrupt tentacles of the Federal Reserve and its slavery-based worthless paper!

You do not need to live in the shadow of US politician's lust for power and control. Buy gold with those US dollars you hold! Send a shockwave through the craven souls of US manipulators!

If the US threatens you, cut off the supply of raw silicon wafers - just as we once cut off your supply of oil!

Be a proud people once again, not the deferential lackys of our rotten
politicians, nor your own!

1776 Now!
Spud

The 40% rise in CNPGF is an illusion. 7/32 was the open and it can bounce around the spread, 5/32 bid, 7/32 ask, all day long. A few minutes ago was at 5/32, for no change for the day. If you play the spreads on that kind of stock, you better be a friend of the market maker otherwise you'll never get to just buy at the bid and sell at the ask. If a stock is moving a lot you may occasionally get filled at the ask. And SGOLY's rise is only on the heels of 7,800 shares traded. I don't like low volume plays. Try to sell that and you will wait or sell to the bid which will erase "profits" due to the high spread. That's why I prefer DDeep. You get narrower spreads on higher volume and higher movement up if it gets hot ( I made nearly 40% on DDeep's last swing up a few weeks ago ) . I'm in it again. We'll see where it goes this time.

The 40% rise in CNPGF is an illusion. 7/32 was the open and it can bounce around the spread, 5/32 bid, 7/32 ask, all day long. A few minutes ago was at 5/32, for no change for the day. If you play the spreads on that kind of stock, you better be a friend of the market maker otherwise you'll never get to just buy at the bid and sell at the ask. If a stock is moving a lot you may occasionally get filled at the ask. And SGOLY's rise is only on the heels of 7,800 shares traded. I don't like low volume plays. Try to sell that and you will wait or sell to the bid which will erase "profits" due to the high spread. That's why I prefer DDeep. You get narrower spreads on higher volume and higher movement up if it gets hot ( I made nearly 40% on DDeep's last swing up a few weeks ago ) . I'm in it again. We'll see where it goes this time.

Congratulations to all who predicted a stellar
day today. you have me convinced. I am considering
buys into GRE GEO and MNG on the TSE.
Any advice for a novice?

Anybody wann'a be short over the looooooong weekend? : ) NEM UP 1 3/4! XAU UP 4.18 over 86! ROLL OUT THE BARREL, VR!!!

To all:

This morning I wrote that the XAU had not been above its 200-day MA in two years. That is not correct. It was a mistake on my part. XAU made it above MA last October for about 3 weeks.

Still, this has been a big day. I don't look at updated charts through the day, but download end-of-day info at 7PM EST. I'll be very interested in what the charts show tonight.

I think that with the new high above the January high, gold has served notice it is still in its nearly 3-month uptrend and will move higher still, although not necessarily immediately. More to follow around 8 PM unless my favorite flight attendent gets home from wherever she is, calls me, and out we go. Then it will be much later before you hear from me.

The Preacher

Recently, someone had some concern and confusion about "QUALITY" of reserves of North-American ( N/A ) mines vis--vis South African ( SA ) .

"The quality of reserves usually has to do with their classification: proven, probable or
only possible. But it has also to do with accessibility and economic mineability of the
reserves. It is interesting to note that NA Gold stocks are producing close to 7% of
their total reserves on an annual basis while SA Gold stocks are producing some 2% of
their total reserves. This can either means that NA Golds are more efficient or that SA
Golds production is limited by production capacity or low quality of reserves."

Here are my reasons why I totally disagree. In the study posted at G-o-l-d-E-a-g-l-e ( GLOBAL GOLD COMPARATIVE ANALYSIS ) , we analyzed COMPARABLE cross-sections of the three gold producing areas: North-America, Australia and South-Africa. Following are the stated results regarding reserves.

 Annual Gold Production - Average per company

.N/A produces 1.210 million ounces - ( 12 major producers )
.Aus produces 0.462 million ounces - ( 10 major producers )
.SA produces 0.870 million ounces - ( 13 major producers )


 Gold Reserves - Average per company

.N/A has 19.7 million ounces - ( 12 major producers )
.Aus has 4.6 million ounces - ( 10 major producers )
.SA has 38.8 million ounces - ( 1 major producers )


 Annual Production as a Per Cent of Reserves

.N/A production is equivalent to 6.1% of its total reserves
.Aus production is equivalent to 10.0% of its total reserves
.SA production is equivalent to 2.2% of its total reserves

It is quite evident that "quality" has little or nothing to do with any perceived production "efficiencies" in either area. The numbers here simply mean that South African companies possess vastly more gold reserves as its competitors across the "Big-Pond." Moreover, a lower annual production rate is INDEED A VERY POSITIVE FACTOR FOR THE LONG-TERM INVESTOR. The rationale for this assertion is the following.

For the sake of argument let's assume all areas continue to produce at the same annual rates, and that NO NEW RESERVES ARE ADDED. It is then rather evident that the South African mines will continue to produce gold, long after its brethren have shut-down their mines for lack of reserves.

- N/A at 6.1% annual production of total reserves will exhaust deposits in 16.4 years
- Aus at 10.0% annual production of total reserves will exhaust deposits in 10.0 years
- SA at 2.2% annual production of total reserves will exhaust deposits in 45.4 years

South African production will far outlast its counterparts who have CONSIDERABLY LESS RESERVES. For N/A mining companies to prolong their gold producing lives, they must necessarily acquire through acquisition and/or merger the SA mines, LITERALLY PREGNANT WITH GOLD RESERVES

Consequently, it is QUANTITY OF RESERVES, AND NOT QUALTIY that is important in a comparative analysis of similar companies in each area -- and therefore of paramount concern to a prudent investor, especially institutional investors who are necessarily long-term oriented - and who are always seeking intrinsic value ( like a Warren Buffett ) .

QUANITY NOT QUALITY!

The 40% rise in CNPGF is an illusion. 7/32 was the open and it can bounce around the spread, 5/32 bid, 7/32 ask, all day long. A few minutes ago was at 5/32, for no change for the day. If you play the spreads on that kind of stock, you better be a friend of the market maker otherwise you'll never get to just buy at the bid and sell at the ask. If a stock is moving a lot you may occasionally get filled at the ask. And SGOLY's rise is only on the heels of 7,800 shares traded. I don't like low volume plays. Try to sell that and you will wait or sell to the bid which will erase "profits" due to the high spread. That's why I prefer DDeep. You get narrower spreads on higher volume and higher movement up if it gets hot ( I made nearly 40% on DDeep's last swing up a few weeks ago ) . I'm in it again. We'll see where it goes this time.

Recently, someone had some concern and confusion about "QUALITY" of reserves of North-American ( N/A ) mines vis--vis South African ( SA ) .

"The quality of reserves usually has to do with their classification: proven, probable or
only possible. But it has also to do with accessibility and economic mineability of the
reserves. It is interesting to note that NA Gold stocks are producing close to 7% of
their total reserves on an annual basis while SA Gold stocks are producing some 2% of
their total reserves. This can either means that NA Golds are more efficient or that SA
Golds production is limited by production capacity or low quality of reserves."

Here are my reasons why I totally disagree. In the study posted at G-o-l-d-E-a-g-l-e ( GLOBAL GOLD COMPARATIVE ANALYSIS ) , we analyzed COMPARABLE cross-sections of the three gold producing areas: North-America, Australia and South-Africa. Following are the stated results regarding reserves.

 Annual Gold Production - Average per company

.N/A produces 1.210 million ounces - ( 12 major producers )
.Aus produces 0.462 million ounces - ( 10 major producers )
.SA produces 0.870 million ounces - ( 13 major producers )


 Gold Reserves - Average per company

.N/A has 19.7 million ounces - ( 12 major producers )
.Aus has 4.6 million ounces - ( 10 major producers )
.SA has 38.8 million ounces - ( 1 major producers )


 Annual Production as a Per Cent of Reserves

.N/A production is equivalent to 6.1% of its total reserves
.Aus production is equivalent to 10.0% of its total reserves
.SA production is equivalent to 2.2% of its total reserves

It is quite evident that "quality" has little or nothing to do with any perceived production "efficiencies" in either area. The numbers here simply mean that South African companies possess vastly more gold reserves as its competitors across the "Big-Pond." Moreover, a lower annual production rate is INDEED A VERY POSITIVE FACTOR FOR THE LONG-TERM INVESTOR. The rationale for this assertion is the following.

For the sake of argument let's assume all areas continue to produce at the same annual rates, and that NO NEW RESERVES ARE ADDED. It is then rather evident that the South African mines will continue to produce gold, long after its brethren have shut-down their mines for lack of reserves.

- N/A at 6.1% annual production of total reserves will exhaust deposits in 16.4 years
- Aus at 10.0% annual production of total reserves will exhaust deposits in 10.0 years
- SA at 2.2% annual production of total reserves will exhaust deposits in 45.4 years

South African production will far outlast its counterparts who have CONSIDERABLY LESS RESERVES. For N/A mining companies to prolong their gold producing lives, they must necessarily acquire through acquisition and/or merger the SA mines, LITERALLY PREGNANT WITH GOLD RESERVES

Consequently, it is QUANTITY OF RESERVES, AND NOT QUALTIY that is important in a comparative analysis of similar companies in each area -- and therefore of paramount concern to a prudent investor, especially institutional investors who are necessarily long-term oriented - and who are always seeking intrinsic value ( like a Warren Buffett ) .

QUANITY NOT QUALITY!

Sorry for the multiple posts. I was not getting the post confirmation back from Kitco. Busy server, I guess.

Help, Help, I don't have enough Gold.....

Help, Help, I don't have enough Gold.....

I like BGO, look at it.

Lihir has 21.6 million ozs. proven and 42+ million ozs. probable and a whole island of gold possible! And they don't have to dig to the center of the earth to get it out! Production cost/oz is $225 or less! Accessibility is far superior to the deeeeeep catacombs of DD! And little chance of a mine strike or disruption! JUNE GOLD CLOSED @ 310.30!!!! Gotta' love it! Maybe that gold cycle of yours ain't dead after all, eh VR? : )

$430 Billion in new M3 money annually for the past few years. The preliminary
numbers for March look like almost $60 billion in new M3. How does the Federal
Reserve justify this?

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


This presumes that the Fed has power, reach and control to effect these numbers
or how and where the numbers come from in what is created, where and how, in
creating them. Somewhat related to assuming what to point to in redress of spending
out of control, focusing on the redress and ignoring the out of control. Rhetorically,
that the world over, and that moreso than yesterday yet less than tomorrow and then that-- long, long ago.

....and the F* Kitco Goldbug Forum Barometer seems to indicate that, other than 4 or 5 individuals on this forum who have become somewhat over-exuberant, there is only a slight increase in optimism by the majority. Again, I suspect that many Forum members do not believe this gold rise is sustainable and there is a note of disbelief in their postings.

Again, this a good sign. Even in the face of another fairly decent up-tick in the price of gold, the goldbugs maintain a healthy dose of skepticism and caution. This suggests the possibility that a foundation for the gold price might develop around the 310 level. If this foundation is established ( and we should know over the next 2 or 3 trading sessions ) , then I think there might be a reasonably good increase in professional interest in the yellow metal.

Again, volume levels on the XAU, although heavier for certain stocks, remain relatively light in others. Again, the public is obviously very indifferent to gold's rise at this point. They are far too preoccupied with donating funds to the DOW 9000 telethon. I am certain many still believe that 10,000 will present itself in another one or two months. I think you may draw your own conclusions about the level of optimism amongst DOW investors.

F*

Lihir has 21.6 million ozs. proven and 42+ million ozs. probable and a whole island of gold possible! And they don't have to dig to the center of the earth to get it out! Production cost/oz is $225 or less! Accessibility is far superior to the deeeeeep catacombs of DD! And little chance of a mine strike or disruption! JUNE GOLD CLOSED @ 310.30!!!! XAU @ 86.40!!! Gotta' love it! Maybe that gold cycle of yours ain't dead after all, eh VR? : ) ROLL OUT THE BARREL, MEIN HERR!! Prost!!!

... and most goldbugs don't get excited like you do with noise.

The party doesn't start until $400, until then "IDCIBM"

Can we all view one Kitco time-segment at a time, please! If we all make multiple trips to the salad bar instead of taking 6 plates at once, there will be food enough for all. Thanks.

Does anyone know of informative sites for the Ballard Fuel Cell ?

TVX 5.65 +19.0%
ABX 32.05 +3.95

Canyon Resources...with very strong legs under this upward climb.

Canyon Resources...with very strong legs under this upward climb.

Canyon Resources...with very strong legs under this upward climb.

Are several $20 dollar up days to scare the hell out of losing shorts and to keep them from laying any new short positions, otherwise it will be more of the same ole, same ole.

Dow/Gold Ratio = 29.20 A week ago the ratio was 29.07. We are midway in a channel stretching back to at least September, 1996. If we get a reading below 27 in the next 10 trading days we will have broken out to the downside.

Canyon Resources...with very strong legs under this upward climb.

XAU/Spot Ratio = .284 A week ago the ratio was .275. The XAU continues to outpace the metal, a troubling condition should it continue. History shows vulnerability in the XAU with readings above .320 and the all time high is .397

Gold/Silver Ratio = 46.69 A week ago the ratio was 47.58

Not intentional...I have been away since posting one hour ago. Hmmmmmm...

wouldnt that be the Wombat Marsupial Corp.....as in Wombo

Donald:

Seems that at .296 the caution light comes on, and risk increases as the number grows above that point. A great timing device.

Holy CAU!!!!

Go Canyon GO......

http://biz.yahoo.com/finance/980403/gm_gm_n_ma_1.html

...silver's extreme volatility seems to be subsiding, suggesting the real possiblity of a foundation established at 6.50. Despite a barrage of anti-silver propaganda ( most notably the continuous media reports of huge amounts of silver from India ready to be dumped upon the market at any moment ) , the metal seems to discount the plausibility of the scare tactic. Volumes once again suggest mostly professional interest...the best barometer, SSC stock, although experiencing somewhat heavier volume is far, far away from the 9-10 million share volumes that would indicate any kind of populist investor participation.

I think that if foundation is obtained for gold, then silver will
begin to derive significant benefits from gold's upward path. On a percentage basis, I would expect silver to greatly outperform gold in the incipient stage of such foundation development. If we really are in a developing gold bull, then silver should outperform gold at this early stage and in the final stage while underperforming gold in the middle stages. At least, that is what I have seen in the past on an empirical basis.

F*

...silver's extreme volatility seems to be subsiding, suggesting the real possiblity of a foundation established at 6.50. Despite a barrage of anti-silver propaganda ( most notably the continuous media reports of huge amounts of silver from India ready to be dumped upon the market at any moment ) , the metal seems to discount the plausibility of the scare tactic. Volumes once again suggest mostly professional interest...the best barometer, SSC stock, although experiencing somewhat heavier volume is far, far away from the 9-10 million share volumes that would indicate any kind of populist investor participation.

I think that if foundation is obtained for gold, then silver will
begin to derive significant benefits from gold's upward path. On a percentage basis, I would expect to silver to greatly outperform gold in the incipient stage of such foundation development. If we really are in a developing gold bull, then silver should outperform gold at this early stage and in the final stage while underperforming gold in the middle stages. At least, that is what I have seen in the past on an empirical basis.

F*

If you're excited about CAU, take a look at GCU ( vancouver ) .
GCU up %36 today!

http://dailynews.yahoo.com/headlines/upi/story.html?s=n/upi/98/04/03/financial_news/usautosal_2.html

Oh well there is always Monday.Nice move today. Go Gold Monday!

I like the way the XAU/Spot Ratio is working out. I set up a special account using BEGIX ( Benham ) as a proxy for the XAU. I bought in with the ratio at .226 planning to double my position if it dropped below .20. That never happened. I plan to sell half my position at .300 and be all out at .320. So far so good.

Dear lurkers: I hope you realise that you must own at least 50 ounces of gold ( preferably bought from Kitco ) BEFORE you are allowed to lurk on this site!! Took me 15 minutes to get on this morning. Alternatively, you can send me your used catalytic converters for a free pass c/o Nick@C ( you pay freight ) .

Donald--good job mate. I only wanted 305 and you added 3 for good measure.

G'day and welcome STEPHANE. Hey, I like that "le niveau 320-330 pourrait etre rapidement atteint", mate. The more rapidement, the better!!!

Dear lurkers: I hope you realise that you must own at least 50 ounces of gold ( preferably bought from Kitco ) BEFORE you are allowed to lurk on this site!! Took me 15 minutes to get on this morning. Alternatively, you can send me your used catalytic converters for a free pass c/o Nick@C ( you pay freight ) .

Donald--good job mate. I only wanted 305 and you added 3 for good measure.

G'day and welcome STEPHANE. Hey, I like that "le niveau 320-330 pourrait etre rapidement atteint", mate. The more rapidement, the better!!!

hot damn samn---

yes sir, chaos and flux....where be they?

where are you? who has gold and silver, and
who rides the paper-tiger?

where are the grains??? yabba dabba doooooo

eb...bad time to be long grains.....especially beans...

realistic-----drag your onerous hide onto the playing field...
i need some comex data.....

cherokee!; ) ...using-the-hammer-upon-loki.......

You call, we haul.

hot damn samn---

yes sir, chaos and flux....where be they?

where are you? who has gold and silver, and
who rides the paper-tiger?

where are the grains??? yabba dabba doooooo

eb...bad time to be long grains.....especially beans...

realistic-----drag your onerous hide onto the playing field...
i need some comex data.....

cherokee!; ) ...using-the-hammer-upon-loki.......

Do you really think yhe economy is headed for problems? Handwriting on the walls? Look East young man, look East. Thanks again. You save me untold hours. Tom

Hey, brother John,
Just want to claim my prize again.
Did you read my post 20:41 of March 29?
Compare it with high for POG for this week...

But, I screwed on platinum, it was actually 5$
higher on average than I guessed. Something
didn't work out. But, you know, I had
"insufficient data", as I confessed...

Your brother Oris, searching for a blonde.

Real difficult time getting connected to Kitco ---Must be gold beagle with all the SA stuff again ---Seems strange he gets 33000 hits a day but hangs here  Poor lost soul ---Anyway what a great day for PL and GC ---I was out all day buying Gold and Platinum coins Good luck guys We dont have many days like this --WOW

The failure of the DOW to close above 9000 today should be of significant concern to all DOW investors.

Despite enormous strength in the BOND market in the early morning...despite the neverending spate of corporate share buybacks by many of the DOW heavyweights....despite today's unemployment report deemed by Wall Street propagandists to be mildly deflationary, thereby auguring lower interest rates....despite the flood of Wall Street analysts trotted out by the media ( notably CNBC ) to announce new DOW targets of 10,000 and higher my mid-year...despite the entire telethon approach of the DOW 9000 exponents...

...the close did not hold above 9000.

When the DOW bulls employ every strategy conceivable to ballyhoo the DOW and come up with a mere whimpering gain, then one must truly ponder whether the DOW is now completely topped out, ready to confirm a bear market soon with a particularly dramatic tumble.

There is truly little doubt that after today's anemic performance, any left field event that develops on the domestic or global scene will probably impact the DOW in a particularly negative way. Mutual funds liquidity inflows seem to be maxed out and their cash margins dangerously low.

F*.

http://dailynews.yahoo.com/headlines/entertainment/story.html?s=z/reuters/980403/entertainment/stories/industry_sony_3.html

Today's close was very bullish. Expect some more action monday morning!!

It feels GREAT to be able to say something bullish!

Some Guidelines.....

SYMPTOM: Feet cold and wet.
FAULT: Glass being held at incorrect angle.
ACTION: Rotate glass so that open end points toward ceiling.

SYMPTOM: Beer unusually pale and tasteless.
FAULT: Glass empty.
ACTION: Get someone to buy you another beer.

SYMPTOM: Opposite wall covered with fluorescent lights.
FAULT: You have fallen over backward.
ACTION: Have yourself lashed to bar.

SYMPTOM: Mouth contains cigarette butts.
FAULT: You have fallen forward.
ACTION: See above.

SYMPTOM: Beer tasteless, front of your shirt is wet.
FAULT: Mouth not open, or glass applied to wrong part of face.
ACTION: Retire to restroom, practice in mirror.

SYMPTOM: Feet warm and wet.
FAULT: Improper bladder control.
ACTION: Stand next to nearest dog, complain about his house training.

SYMPTOM: Floor blurred.
FAULT: You are looking through bottom of empty glass.
ACTION: Get someone to buy you another beer.

SYMPTOM: Floor moving.
FAULT: You are being carried out.
ACTION: Find out if you are being taken to another bar.

SYMPTOM: Room seems unusually dark.
FAULT: Bar has closed.
ACTION: Confirm home address with bartender.

SYMPTOM: Taxi suddenly takes on colorful aspect and textures.
FAULT: Beer consumption has exceeded personal limitations.
ACTION: Cover mouth

Change-soon. Be prepared. Tom

Some of my stocks have not been performing well lately. But I did post last night that I had bought some GCU late Thursday on a rumor that a big announcement was imminent. So far so good.
Newmont Gold, through Santa Fe Canada signed a deal to finance the next phase of exploration at Springpole in Ontario in return for GCU dropping a lawsuit against them, and with a right of first refusal to earn and interest in Springpole if the summer program is successful.
There's more to it, but someone wanted 20,000 shares at the close, and although the last trade was C$1.05, to buy 20,000, it was necessary to pay C$1.35, which someone did.
It probably has further to go.

The Preacher

Anybody see silver stocks information?

http://www.chebucto.ns.ca/~an388/current.html

If CAU comes out with the with their JV partner announcement which
was suppose to come by end of Q1 CAU could be In the $2 range

traded 20mm shares today, highest volume day since Dec 17. It moved up 5.6% and took out its 200 day MA.

Go Gold Stocks

Trader

Gold is an emotional investment? Naaaaaaah.
-EJ

kitkat,
I don't think anyone has answered you yet. I think you should do pretty good with Meridian and Greenstone providing the price of gold keeps rising.
Geomaque, I know nothing about, can't help you there.

The Preacher

PS -- To all: When Kitco is slow and you send in a post, it takes a long time for it to be posted. If you hit the button the second time or the third time during that waiting period, it will post your message a second and third time.
Can anyone forget when Ziva posted that 1,000-plus post six times? The night was over before it began. But sometimes, I sure miss Ziva.
But I never miss Heavy Hitter. "Hey, Homer, did you miss your bus?"

Clifton Mining sure got a bunch of attention today. CFB, go take a peek.

I personnaly thoughtthe CNBC telethon approach to DOW 9000 was poorly produced television. Hardly a word about the South African gold stocks blowing up 6+%, the XAU decisively gapping up and crossing its 200 day moving average.

With gold going up when the Japanese market was so weak one has to begin wondering what's on the agenda for next week. Alto of those DOW stocks looked pretty worn out. The mutual fund money flow should aobut have peaked.

What strikes me is the complacency. The certainty that adequate signals will be given everybody of a top and there will be an orderly exit. Fidelity's online and telphone brokerage system going down at the opening of Friday should be a warning thatthe door may not even be open when the mass exit begins.

Suppose we'll go down a bit on the DOw early in the week and then make a mad run over 9000 so CNBC can do their 3 hour special of self congradulations. The surprise would be if the Japanese start moving funds enmass to the precious metals which there seems to have been some indication they were dong Friday.

Monday is a holiday for HK but I'll bet there are some money flows in and out of Japan. Could you imagine what would happen if all those lemmings got on the gold bandwagon. Gadsssssssm

Donald, I'm having a little trouble following the implications of your XAU/Spot sell signal. For example, if gold were to double, wouldn't you expect the XAU to at least triple and probalby that is a low expectation? That would have gotten you out long before the high. Or maybe you expect gold to continue to fluctuate in its last 10 year range? I don't take your historical posts to indicate that.

If silver keeps climbing, I will become extremely rich AND...



BUY MORE GOLD!!

Glenn, are the floor traders still laughing at anyone who even scalps from the long side.\

it is true that volume was low..less than 2MM today ... but SSC is up over 20% in two days. Not bad ... think what could happen if the volume started coming in ...I look for SSC to be a 4-8 $ stock within 90 days ... ( OK, somebody capture this and play it back to me in 90 days, er... )

If you have your $ in the DOW you are as likely to wish for 9,000 and 10,000 as you are as a gold stock and physical holder to wish that things will go your way. The question is: who is correct? I am 1/3 in stocks, gold, and cash. Right now, my stocks are going up and my gold is also going up. My cash is flat, inflationarily speaking. My gold investments are the least liquid, stocks second, cash first. My stock investments are liquid and I stand prepared to drop them like a bag of burning dog poo when the time comes. My cash is ready for opportunities in stocks and gold. I can't wait to see what happens!
-EJ

CIBC precious metals fund up over 5% Today !

Recession predicted for Year 2000 by Chairman of Australian Stock Exchange http://www.users.dircon.co.uk/~netking/blizard.htm

Donald A: I noticed the Dow/Gold ratio was around 29 the other day.
That is getting close to a new long term record I believe. Ka Poof
time me thinks.

Thanks Preacher. I miss Ziva too although I must have come in after the 1000+ Gold post. Gold goes up any more and we'll never get on this site. I went through Kitco withdrawal pangs earlier today during the excitement. I think I have a problem. My name is crazytimes and I'm a Kitcoholic. To Gold Silver and Platinum Bug-- I've thought the same. It'd be great if gold goes through the roof to have a party sometime. I'm wondering if the sharp rise in POG will be a signal for the DOW's demise. I suspect that sentiment will change on a dime and quite soon. Word is getting out. Hundreth Monkey Effect gaining ground or should I say sheep? They'll probably be one last turnaround after a VERY BIG drop and that will be the last breath of the Bull in Equities. There may be thousands of Lurkers reading posts now on here. NY Times headlines-"DOW CRASH FOUND TO HAVE ITS ROOTS FROM KITCO POSTS"

It looks to me like as long as Asia is sinking the U.S. and European bull can continue. When they bottom out and start repatrioting their money, it's all over with but the weeping, and knashing of teeth.

BillD: Well, $4-8 range would be really nice. You'll notice that the volume in SSC will peak then the stock will retrace IMHO.

Oris, dou you know how you get a blonde to marry you even if she doesn't want to? You tell her she's pregnant.

This is the exact same question I was going to ask. I believe a earlier post this AM said they were because they are in such a mess. If anybody knows PLEASE post. How are they going to react on Sunday night???????????????

don't know what else could account for such a solid, sustained upward move. It wasn't like a large but short lived spike, it climbed steadily up and stayed.
I think when the Japs start buyin' gold, given their history of dominance in the currency market, and the amount of money they have, it's gonna represent a MAJOR shift in the gold market, not to mention a loud warning of things to come ( CRASH ) .

http://www.tice.com/markcomm.htm

Hello, My name is 223 and I'm a Kitcoholic.

Please don't mention Ballard, friend. It makes me weep whenever I think about it. Sad but true I could have had it at $20 on a hot tip from a Kitcoite last year but discounted the rumor. Too late now! Off to drown my sorrows in SWC's meager rise...and DROOY...and SSC...SSRIF... NEM... hmmm bartender, another pitcher over here at the corner table!

http://www.ballard.com/index.html

Bart ( Kitco ) I noticed the Mountie is up in price 6.43% --Can you give us some info on total sales everywhere to date? Thank you ----sorry should have grabbed a couple hundred at 310.00 ---Away to check should have.

the magical fruit
the more ya eat the more ya toot
the more ya toot the better ya feel
so lets buy bean calls for every meal.

cherokee - yes i got spanked today in beanies....but i think my timing was off by only a small amount. i am going against the grain ( har har ) on this one. beans will rally, someday ;- ) ( doh! ) . it is strictly a seasonal. kids are not advised to do this at home or w/o adult supervision.

yen puts were VERY nice, mark is double bottom ( daily? ) , plat is my friend, gold is starting to pay off ( could-it-would-it? ) monday will be good.

Lime-Lad, picked up some more plat today and finsihed the day profiting on them.......I am sooooo knee deep in Plat right now.....h M! I can't see it below 400 again for a while. Rooskieville wants higher prices....they have large debts.....and very little platinum... ( that they will part with until price goes farther north ) . Whoever is not aboard had better be gettin there..............OK.
away....to get outta this workplace and enjoy the wet weekend
B... ( got a haircut ) .

As the Dow goes ever higher it's thousand point hurdles become ever less meaningful percentage-wise even as the need for ever greater mountains of cash becomes necessary to fuel its rise. The result obviously is ever less and less bang for the buck until finally exhaustion sets in and the whole collapses from the sheer weight of the rise! Think about it! At DOW 9000 a 1000 pt. move is only 11.1% From 10,000 to 11,000 is only a 10% move. From 11,000 to 12,000 is only a 9% rise. And so on until a 1,000 pts will be a normal trading range on any given day plus or minus 1 or 2%!

Anecdotally, my 18 yr. old son who made $3,000 last summer finally heeded my advice to buy the Benham Gold Fund ( BGEIX ) . He got in a couple of weeks ago at a little over $6. Today when I told him that his $3,000 was now worth $3,619.67 he nearly fell through the floor! He has to work his tail off at his part-time job to make that much money in two months! But because he bought low he made two months salary in a couple of weeks in something he knows nothing about! And that's just the way alot of stock investors have made their wealth the past 10 years. They got in at the right time and rode the tide all the way up to its now frothy top! Since they have no idea how they got up there they unfortunately will have no idea how they got down when the whole thing dissolves! So my teenage kid makes 20% in gold stocks in a couple of weeks! Unless he knows when to sell 'em he'll be no better off than Ma and Pa at the crest of the Dow tidal wave. Early in the bull you might have been able to make 20% in a couple of weeks. A few hundred point days would have done it. Now even a couple of 500 pt. days won't do it! And if it keeps on going, not even a couple of 1,000 pt days will be able to do it! I'll wager my kid will wind up with more geld in his account by the time this bull is slain than 90% of those poor helpless sheep out there in CNBC land who think that every dip is but another buyin' opportunity!

Just a couple of weeks ago our good friend Polarbear posted an
in-depth report at G-o-l-d--E-a-g-l-e entitled "RANDGOLD - SOUTH
AFRICAN MINING. In the report he recommended three outstanding
South African gold mining stocks ( RANGY, DROOY & HGMCY ) - all traded ADRs on the NASDAQ. In the days since his report
these stocks have been rising indeed very well. But today's
relative performance is really indicative of what is yet to come.
Here are the comparative results of today's trading:

XAU.......UP 6.24%

RANGY...UP 8.9%

DROOY...UP 7.6% ( but was as high as 11.4% during the day, so buy Monday )

HGMCY...UP 15.0%

It is obvious that the South African golds were UP 10.5% vs
the XAU up 6.24%. This is NOT a mere difference of 4.26% -
The South African stocks SOARED 68% MORE THAN North-American
gold stocks as represented by the XAU. AND This is JUST ONE DAY!

Mr. Polarbear, Danke Schon, Muchas Gracias, Muito Obrigado,
Merci Boucoup, Domo Arigato Gozaimasu - and heartfelt thanks.
You are a real Mensch to share your considerable research and knowledge with us - because we well know it takes 30-40 hours to complile data,
analyze, and consequently draw conclusions therefrom.

KUDOS, KUDOS & MORE KUDOS

Sir Cheezehead, I sincerely applaude your deed and comment thereof:

Date: Fri Apr 03 1998 20:11
GOLDEN CHEESEHEAD ( A WORD TO THE WISE AND TO THE
OTHERWISE! )

Mr M is doing his job of filling the air with BS, smoothing the waters, keeping everyone below deck.
There are people whose job it is to inject pain killers into to minds of those who want to believe that Y2K will just be a tough little spot in the road. Watch and listean very carefully to these people. Keep a list of their names and think a bit about who they report to and what their vested interests are.

You will find that as 1998 progresses there will be more of these people in all levels of upper management, politics and other authority structures who will begin to dominate the media with their rhetoric in order to drownd out the real story.

People do not want to think that their world will fall apart. And there are those who will be more than willing to provide the necessary cover music for that dance ( Titanic ) .

Besides, no one will even think about these people after the 'world' freezes up solid and troops hit the streets, will they?

Eb --Yes that DM$ sure looks good --But go Platinum go

GOLDEN CHEESEHEAD- Ditto, Ditto, Ditto, my kids did the same
and are jumpin with JOY. And with their dad's experience maybe
we will get out at the right time but that I think is several
years off.
Matter of fact the problem many people will have is to get out to
early and miss the REAL MOVES. Not too early not to late!

Tally Ho

Pork Bellies ---better than beans ---fart--fart-fart ---Go Gold *Right Ted *

"Poorboys ( ( I APPLAUDE Me ) ID#224149:
Pork Bellies ---better than beans ---fart--fart-fart"

Considering the source of this remark, one could NOT possibly
expect more....

Yes ---I got one bigger one to let go ---Interested?

Nice comparative results. Prechter in his latest issue for April also highlighted the fact that he thought the South Africans were a better relative play.

I think about three days ago I posted some technical thoughts on Agnico Eagle ( TSE-AGE, AEM-N ) and the fact that is was lagging the other golds. Earlier this week when there was softness in some of the blue chip golds, Agnico held firm. Moved up .45 cents yesterday to the top of a declining parallel formation. Today it popped .95 cents for a one day 11.30% gain. If 340-360 on gold is the target range this one should reach back to the October highs of 13-15 range.

Toward an Islamic Gold Standard
Final Call - February monthly edition

By forming an International Islamic Central Bank and issuing its own gold-backed currency notes, the Islamic world could establish the most stable money system on earth. But, would it be credible? Yes. The enormous mass of the Muslim nations - 10,450,000 square miles, a one billion member population, the combined Gross National Product of all of the Muslim nations and blessing of having much of the worlds oil supply running beneath its feet - would give the Islamic gold-backed currency all the credibility it would need.

Most people outside of political and economic circles do not realize that since 1945 it has only been possible to purchase oil with U.S. dollars. This creates a guaranteed demand for dollars that no other currency in the world can claim. The fact that oil is denominated in dollars ( meaning you have to use dollars to purchase oil ) means that people will always need dollars if they want oil. This is one factor that makes the dollar so unique.

The oil-producing nations ask for dollars because the dollar is the strongest currency in the world, but nothing is stopping the oil-producing nations from asking for another currency in exchange for oil. If the oil-producing nations with significant Muslim populations were to ask for their oil payments in the form of an Islamic currency, all the strength and purchasing power that the dollar gains from being the oil-producers currency of choice would now switch to an Islamic gold-backed currency.

Let's stitch a few pieces of information together and see what kind of a story we arrive at.

A Swiss bank abruptly leaves the bullion warehouse business after reporting it had FAR less gold AND silver bullion in physical form than it had been reporting to COMEX.

Warren Buffett is STILL waiting for delivery on 30 MILLION ounces of silver. Not 29, not 25, not 20 but the entire lot of it is still outstanding. These are undelivered futures contracts that are way past due for delivery. I suppose he is getting +20% anuallized return as he waits, no? But from whom is he collecting this?

Tyler Rose & Co finally received ONE 100 oz bar 3 MONTHS and 15 DAYS after the due date. ( Include the fact that the 'paper certificates' were not properly executed or authenticated. )

Warren and Rose, the two ends of the scale in terms of 'customer weight', are having the same problem: physical delivery.

The Swiss bank also had a physical delivery problem.

How is it that a Swiss bank could 'miss report' physical bullion holdings? Is it possible that they actually were following warehouse practise by holding bullion certificates AS PHYSICAL BULLION? This would be 'fractional reserve warehousing' would it not? Alot like what banks used to do way long time ago.

So the question is "How much physical bullion is REALLY THERE in the warehouse banks? A half? A quarter? Less? Does it matter if they have ANY PHYSICAL BULLION as long as they can maintain the image, the impression that it is there?

If you were a bullion bank that held mostly paper as receipts for gold and silver, but were reporting it as physical holdings, would you want anyone to know this?

Supposedly COMEX has enough eligible gold to handle Tyler Rose's physical delivery as well as Warren Buffett's silver delivery ( even if all of WB's silver came from COMEX ) . So what's the hold up, chum? Deliver the damn metal. Our plane is waiting at the airport.

Consider the fact that silver and gold consistently trade 10's of times actual reported inventories and the 'fractional warehousing' idea is not so far fetched.

We have fractional paper ( extremely low amount of paper money compared to credits in 'the system' ) .

We have fractional bank reserves against liabilities.

We have fractional tax receipts for government debt.

We have fractional world gold production verses LBMA trading volumn.

We have fractional COMEX trade to reported inventories.

SO WHY NOT fractional bullion inventories in COMEX warehouses as well?? That would be consistent, no?

No wonder the Saudi's and UAE's of this world are a bit jangled about hold paper gold.

But at least Tyler Rose got his. And for that we are glad!!!

Well those loudmouthed shorts I talked about did get a lesson they won't soon forget. And even sooner than I thought. Me -- I made a nice six figure killing this week in the PM funds and the move is just beginning.

RJ: When are we going to hit that $285 target you have been pushing for weeks? Your record is very food, but you got overconfident and arrogant. Likewise for EB and Selby -- our most dedicated and fanatical gold shorts whose hatred of the yellow rivals that of Andy Smith.

But let me congratulate the dedicated bulls on this site who kept the faith during the darkest days of the gold bear when all hope seemed gone and the shorts were taunting us daily with calls for $250 and even $150 ( POORBOYS ) People like Vronsky, Preacher, and Farfel. People like DA. People like Golden Cheesehead. .

I join Herr Vronsky in congratulating and thanking you for all the thankless sweat you put into your gold stock comparison chart! It was a labor of love which has profited us all at this site, yes, even me! My only complaint is that you didn't analyze LIHIR in the same way you did other lesser mines outside of the RSA. I have already pointed out the relative ease with which a beaten down gold stock with reasonable reserves can be resurrected over night from a decaying buzzard to a soaring golden eagle, but again I must caution not to judge relative value of a gold mine based on a couple of day's gains, however extraordinary in percentage terms. Let us not forget that there were other mining stocks outside of the RSA variety that also performed like eagles today even though relative to some of the blue chip golds they still remain turkeys! To wit I refer to GSR ( UP 14.55% today ) , TVX ( UP 18.52% today! ) , yes, even lowly Cornucopia ( UP 20% today! ) Even my favorite LIHIR was UP 5.77% today and was also higher before some idiot decided to take a quick profit! Even the old gold elephants Newmont, Barrick, Hm and PDG were stellar performers! ( Up 4-7%! ) Hey I own some Drooy, Hgmcy and Rangy too, but as the bull gets going I believe that most Americans will pile into Fidelity Select American Gold and BGEIX far quicker than they will a fund which specializes in SA mines! As sainted Ed Hart used to say, "We shall know in the fullness of time!" Had an old prof at college who used to remind us, "Don't run around in life telling everybody how right you are. BE RIGHT, and you won't have to tell anybody!" If your analysis of SA golds is right, you won't have to tell us every five seconds, we'll know! And you will be remembered as a GOLDMEISTER GURU EXTRAORDINAIRE! Humor me and include LIHIR on your chart! Who knows, it might just be another GOLDEN EAGLE!" : ) And to Vronsky, a tip of the Golden Cheesehead to you too, sir! For some reason I'm waxing sentimental tonight. For at long last I sense that things are really beginning to change and that for better or worse gold's time has finally come! I keep thinkin' of my neophyte teenage kid and the countless millions like him! Oh well, maybe we here at Kitco can yet save a few from the debacle about to come, nicht wahr?

One downtrend line broken along with the 100 D.M.A. YEEEEEE HAAAAAAAAAAAAAAW!

You may be closer to the truth than many can comprehend. What does "YOU KNOW WHO", say. I did'nt want to get someones ire up. Hmmmmmm.

1ST PLATEAU, $320/OZ.

Old Gold Sorry Dont understand? What you are saying? I have more gold than most posting on this page and yet I did predict To mike Sheller Gold will go to $180.00 in the next few years but I never - never said this year ----I know when to sell ---do you?

Yes Old Gold, the Golden Cheesehead's name will be remembered in the annals of gold bulldom. I can't believe we ever sunk to the point of cheering 310 gold but I did load up on small mining stocks near the bottom.

Weekly gold chart...

Another one... This is the first time in over one year that the slope of the 20 week moving average has turned POSITIVE.

I have been convinced since january that gold is short-in short supply. Remember back then when a Swiss bank was overstating holdings and sticken as a depository? Have the info at the office but recall it well. Gold is "short", we just don't know it yet. Tom

If you don't own a Saint Gauden $20 piece....get one ( OR A HUNDRED ) . By far, the most beautiful coin I have ever seen. These are going to be worth a great deal in years to come...I assure you. GO GOLDBUGS!

Tom

Allen ( USA ) ( COMEX and other charades ) : I think that is what Einstein called them and as long as you can continue thinking them, I will continue to take the greatest pleasure in reading them. ...... Super stuff.

Never thought o' that. In todays world of un-ending deceit,your credible theory certainly merits some thought.

POORBOYS: I distinctly recall you projecting $150 gold last fall. Have you changed your position? Or were you just kidding?

Tom

Studio-r Today I picked up a Triple self portraitNorman Rock I love the Art of coins and only 30 bucks for a 5 oz Silver coin ---Something like I lost my heart ---Between B.B and the King Stevie good old Texas. Yes the blues bring out de soul -----

I gave one of my favorites to my uncle this past Wednesday night. Should have seen the look on his face. Gave him all sorts of info to read and some ideas on what to invest in and such.

Think the coin will do its magic like the rest I have given away. All you have to do is put it in their hands and the metal works its magic.

Panda: Them 'er fine lookin' charts seeenor. If you have a monthly near at hand, please post that as well.

I could always use a couple. Grin thing.:- ) )

Old Gold ---I can take it --Please post that 150

YOU POSTED:

Date: Fri Apr 03 1998 21:14
Poorboys ( way above the curb on your charts ) ID#224149:
Old Gold Sorry Dont understand? What you are saying? I have more gold than most
posting on this page and yet I did predict To mike Sheller Gold will go to $180.00 in
the next few years but I never - never said this year ----I know when to sell ---do you?

WHEN DID YOU BUY THIS STASH BIG TRADER AND AT WHAT PRICE? HOW COME YOU DID'NT SELL? AND IF IT'S GOING TO $180/OZ IN NEXT FEW YRS, WHY ARE'NT YOU SELLING!

Just finished posting all the updated pages at my website. Gold
now almost exactly duplicates its technical formation on previous
bottoms stretching back to 1976.

The real eye opener, though, is to check out the non $US Gold charts. WOW! They have all taken off like they were shot out of a gun.

I hope now that skepticism about Gold's future prospects reaches fever pitch. I never yet saw a real bottom where people were confident that things had turned around for the investment in question and it was going to take off. You couldn't find a bull on Wall Street anywhere in August 1982 and there aren't many Gold bulls around now - outside the hallowed halls of Kitco, of course.

Guten Abend, mein Freund! What you say about gettin' out too soon is all too true. Yet, for some odd reason, gold bulls never quite last as long as paper ones. They snort a lot more feverishly and intensely but tend to run outta' gas more quickly! We're not to the point of irrational gold euphoria yet at $310, but at some point several hundred bucks hence we must prepare ourselves to sell until the herd regroups and snorts its way into the zodiac! Nothin' goes up quicker than a gold bull! And nothin' comes down quicker! Only die-in-the-wool contrarions can take its stresses and strains and survive with profits intact! Perhaps that's why I spend so much time and energy on mastering it! And I'll wager that's true of the majority who share on this beloved site their feelings, thoughts, opinions and prejudices! Tally Ho, mein Herr!

In the past, I have read academic research papers on the concept. I tended to dismiss the entire issue simply for these reasons:

1 ) The Arab nations have always seemed to have a great difficulty in pulling a consensus about much of anything...even OPEC has not been the paradigm of a cohesive cartel...much cheating on the part of member nations. There is a much greater leap involved from creating an oil cartel to the incarnation of a united currency standard.

2 ) Although Islamics control most of the world oil supply, they do not control all of it...non-Islamic major producers include Venezuelans, Mexicans, Russians, etc. and they seem quite happy to accept U.S. dollars for their oil. An Islamic currency standard risks splintering the relative cohesion of world oil producers over a currency issue.

3 ) Oligopolistic American oil corporations dominate the entire oil sector
and certainly dominate the refining end of the spectrum. Hence, demand for payment in American dollars.

However, I went to the Gold Council and took a look at the material you mentioned. It did spark an epiphany or two.

Essentially, one must really ask whether or not the American military presence in the Mid East has anything to do with an Iraqi threat..or is it genuinely a "warning" to the region that the oil status quo ( dollars for oil ) must not be upset. Whether Islamic nations were to demand physical gold for oil or an Islamic currency standard for oil, either scenario threatens American hegemony in the region.

Again, the central question is this: would Arab nations unite over this issue?

I still maintain that European union and/or Asian union in creation of new currency standards far outweigh the likelihood of Islamic union. The Europeans are 90% of the way there already...the Asians are highly motivated to act quickly because of their outrage over the "wealth rug" being pulled out beneath them in the name of American hegemony.

However, if America maintains its military presence in the Mid-East, especially at a time when lower oil prices are creating a notable, undesired drop in Mid-East revenues, then America increases the likelihood that these frustrated nations will combine their efforts on the currency front. Although American oligopolistic oil corporations initially might refuse to co-operate, in the long run, I question whether they would have any choice but to oblige. In a war between refiners and producers, I think the producers would win. Finally, if for any reason economic deterioration were to occur in major non-OPEC countries or if the U.S. dollar were to weaken in a sudden, dramatic manner, then such developments might inspire them to co-operate in accepting the new Islamic Currency Standard.

F*

Greenstone resources has been performing well of late. In today's action it was up 3/4 from 5 3/4 yday. For those into 'rithmatic that's about 13% on my HewPie. ,,,,, Too bad I'm only getting well on the damn thing.

"TYoung ( vronsky-enough already-point
made,again,again,again,again,again,again,again,again"

HEY TOM, why do you never have more than a 5 word criticism of what others have shared by their reserach. Do you feel you raise yourself in the esteem of the group by making spurious and worthless remarks about others work. Be that the case, you indeed are a sorry individual - worthy only of contempt.

To all:

Last night I wrote that we wouldn't know what would happen tomorrow until tomorrow, but I was leaning toward some explosive action because of the "outside day" formation on the daily charts of both gold and silver. I'd say today qualifies as explosive action.
In gold, here are the numbers I have. First, this is ten straight closes above the 100-day MA. The 200-day MA sits at $308.64. Today's high was $308.50. The close was $307.95. Gold is very close to its 200-day MA.
Last October, gold reached its 200-day MA at mid-week, but by week's end it had fallen off it by a good bit. This is the first time in two years or so that gold has closed the week very near to its 200-day MA. I'm looking for it to move above it next week, although there are no guarantees it will be Monday.

In the XAU, going back to last Nov. 6, there was a downside gap still open on the daily chart around the 84 level. Last week, the XAU moved into that gap and then fell back. Today, it gapped open above it, which sort of makes the entire chart since last Nov. 6 a huge island in an "island reversal". It may be that today's upside gap "never" gets filled and that this is a "breakaway gap" which means big things are in store for gold stock investors.
Normally, when the 200-day MA is broken, after an initial run higher, a retest of the line is made. We should see a pullback to this area at some point. If the XAU passes the test, then the next resistance level should be around 110.

What's very encouraging to me is something that Old Gold mentioned last night: the reaction of gold to the latest collapse in Asia. Each time before when Asian markets crumbled, gold crumbled right along with it. This time gold is reacting differently. If someone can explain this, I'd love to hear it.

Also, something that's been a concern to me is that since January, gold and the yield on the 30-yr. T-bond has been moving in tandem. And since the yield had penetrated its 100-day MA but not its 200-day MA, like gold, and then had fallen back, I guess I've been a little worried that gold would follow suit.
But it hasn't. In fact, the T- bond yield fell sharply today and this week. But gold has now started moving in the opposite direction. Again, if someone can explain this, I'd like to hear it.

The action in Coeur d'Alene, Hecla, and Sunshine tell me that silver is to move much higher.

And, although I haven't thought they would do so this time, in the past, the South African gold stocks have been upside leaders in legitimate gold upmoves. It seems they have assumed that leadership role this time as well. And despite my personal grudges, I see what I see, whether I like it or not.

The Vancouver Stock Exchange Index has hit a new high for the year. The average VSE stock has not participated in the excitement yet. But some of the larger ones with for-real gold deposits, like Francisco Gold, have done very well. I'm still holding onto my opinion, until proven wrong, that once gold climbs convincingly above its 200-day MA, the exploration stocks in Vancouver will catch fire. And nothing burns like the VSE, both up and down.

So things look good tonight. Let's not get carried away just yet. But like I said last night, good times are almost here.

The Preacher

on the stockmarket. Young women did the segment. They ended up the piece with the repeater asking this young women what the number 9000 on the DOW meant. Her response, "no, it means nothing really, its just a number. ( paraphrased in a minor way ) She and the repeater never even touched on what the number represented, its place in history, nothing, nada, zip, zero.

ABC tag line, "more Americans get their news from ABC than any other news source."

Uh huh...

Oh my darlin, oh my darlin, oh my darlin paradigm.

does anyone know why rhodium fell out of favor after hitting
$5500/oz in 1991? Also what companies mine the metal?

thanks in advance

dooon cut out noww buddy. My fund sucks . It went up only 3.6 per cent today. CBIC fund was better. I had to cost average on my fund cause I took such a hit on it. If gold hits 330 i will have made probably something comparable to what those WaLL sTREET WHEREs have been making. I like to think of all those twitching shorters this weeekend losing cotttammmed cleep. Go Gold.
PS Anothers style really does change. Poorboys... You are now entering Barrie Drive like an A-hole.Do you Know Larry from Barrie.
Oh.. Friday of next... Gold #!%...Thats in code. Deciphering required.If there has been no fight on a Friday night where I come from... it's another day of the week. Salute.!

Honestly, I simply can not believe that something this stunning can be purchased for $465. US. Wow! Tolerant....your gifts are helping all of us....thank you. Poorboys....How big is a five-ounce silver coin?...a frisbee?

LURKERS...Attention! Sell 4 shares of Microsoft...buy a St. Gaudens...do yourself and the ones you love a big favor.

...however, I for one, have noted your posts have been consistently and significantly bearish about the yellow metal since I first posted on this forum.

F*

Vronsky ---Do you have anything good to say? Try the Manchurian candidate ---its easy put a sour cream puffball in your head ----I guarantee it will explode.

Date: Fri Apr 03 1998 00:37
John Disney__A ( For Klepto-rat ) ID#24135:
Just so you understand me better
1. sometimes I lie

Looking back at the past 15 years of XAU data the XAU tends to drop off when the ratio to spot reaches .320 ounces. If all goes well this move will keep a relationship between the metal and the XAU that is below that historical problem point. That can happen by adjustments at either end; right now we need either the stocks to take a breather while the metal catches up or for the metal to move higher very soon. This is new to all of us so use these figures with caution. It needs much more experience to see if we have it figured out right. In theory, the metal and the XAU could keep a healthy relationship for years during a gold bull bull market. The XAU wasn't created until December 13, 1983, so the historical data only is available for a gold bear market backtest.

Will you be buying on the dips?

This blonde I'm searching for is not for marrige.
This blonde is for delivery to John Disney for
use as his teacher of Russian language...
Whatever he wants to say to her is fine with me.
If he wants her to be initially pregnant, I can
arrange this also...If he wants to do it himself,
it's his God given right...He is my brother and
he deserves to get a good deal on this blonde...

the trigger to buy stocks? 0.1? 0.00000001?

The number of hits are down at his site,
so he has to limp back here and promote,
promote, promote. And fend off all the
abuse from others.

Vronsky - TYoung is not me.
Vronsky - Poorboys is not me.
Vronsky - I don't know how many voices you
are hearing, but only one of them is mine.

Noticing changes in market behavior probably is key. I mean, lower earnings were reported and it didn't effect a thing. Do you think the market has developed a conscience? Maybe their make-up is running? Maybe their icing is running? Maybe I should go to bed? Gonite. Gow Gauld!!!

Good insights, mein Herr! Could your rhetorical questions have anything to do with the rumor today on CNBC that the Chinese have purchased 52 BILLION DOLLARS worth of US treasuries since February with which to punish the US should any attempt be made by some western hedge fund to attack the HK Dollar? Perhaps their purchases for a war chest against the US has helped the current flight to safety in bonds, and perhaps at some point in the near future, with the collapse of the yen and the soaring dollar, pressure will be brought to bear against the HK Dollar and then the flight will be out of the US dollar and bonds and into the "barbarous relic" called GOLD! Keep posting your technical work! Some of us are too busy to study the charts as often as we would like!

Thanks for the response. I would just point out that if the XAU and spot remained in a relatively constant ratio ( that is in a band ) during a big run in gold, there would be no reason at all to own shares. This is because in order for their ratio to stay in that band, their prices increases would have to be proportionally the same. Given the leverage in share profits with gold price increases, one wouldn't expect this to happen.

times people have visited Vronsky's gold ( downtrodden ) eagle
web site since Bart stopped letting him have free advertising
space.

0 = 0 times
1 = 1 time, but only because Vronsky fooled me
into going there by telling me to go to the
Alta Vista search engine and enter LMBA
2 = More than 1 time, but only because I
wrote something for his site and I wanted
to wallow in the rich goodness of my prose.

I hope you have not taken the wife out for dinner tonight ( or the other way around ) and you are there to answer this question ) .

Last night you mentioned that in a capitalist system 90% of all financial assets are controlled by 5% ?? of the people. Something like this.

How does this apply in todays DOW when most public has a significant stake in company stock? One often sees that insiders own no more than 5% of a stock. Even the funds which own stock do so with the public's money.

I appreciate your views on this, and surely others wonder the same.
Thanks.

Pete Maybe towards May when everybody plants Sunflower seeds ----Farfel ---When God spoke Remember ---Studio-r ---Big ---so big Hendrix used it as a guitar pick before he set the old guitar on fire how the fire sat in space ---space.

having seen it here. I am glad you and I am sure others will look at it as it is always good to drag something out and let everyone throw their slice of thought at it.

As far as I understand it the end game with the Dinar, etc. is the death of paper, of course this is over a period of time. It would seem to me that if various oil producing and or Islamic countries demanded payment in Dinar then obviously gold and silver would become highly monetized as it were. Government minted money, rather than bullion.

Quite frankly I detest the word bullion as it represents soup to me whereas gold and silver represent the Constitution, coined freedom and money to me.

That is the problem we have with a lack of historical gold bull market data. We could be seeing a lower problem point because leverage is working against you since 1983. If leverage is your friend in a gold bull then perhaps the problem point should be set much higher. Nothing goes straight up so we should be able to see where the ratio is on future pullbacks. I hope it beats throwing darts at the newspaper.

It's a ringing in my ear

There has been a change in the voting. Please
note this on your ballots

1 - One time, but only because Vronsky fooled
me into going to the AltaVista search engine
and entering LBMA ( you can get to Vronsky's
site by entering LMBA - the London Marching
Band Association - but you have to go through
Craig Westerchuck's flugelhorn link to get there.

3 - The maximum degrees of separation from any
site on the web to get to Vronsky's site just
by using the mouse and clicking on the advertisements
he has left there.

Tolerant 1 Are you sober tonight ---Me thinks you got a new Word procceerOh no Never gonna understand you ---

bernatz du ventadorm-Boy your slow --connect Big V

bernutz du crappe, hepcat, crabs de no se que....

Your multiple persoanality is now turning paranoid - this is
usually followed by subtle agression... then overt hostility
progresses until it becomes violent toward those near.
Puuulease see a shrink!

This site is great except for people like you that contribute nothing but drivel. Why don't you just lurk and learn something of value. Leave Vronsky alone , get off and do not take up this site's valuable space.

What ever happened to ( LGB ) Baby Jane Rocket Scientist extradoinare I know he predicated the Dow was over valued but I jumped in anyway at better than his predication 7400 and waiting for 12800 like I predicated here a year ago at Kitco ---Obviously much of my money will go to charities for tax purposes but LGB still remains my hero for hypocrock----adock sort of rap predications.

There is only one reason for the Euro and that is either the new reserve currency or something that is proximate to the US$ supplements world reserve currency status. Having a single European currency be the reserve would be unacceptable. THEY KNOW the US will come apart at the seams and the Euro is there for supplementation or replacement. Euro Big Boys are touting gold and this is why it is starting to move.

A few days ago, just before this recent spike upwards in the price of gold, John Hepcat wrote concerning gold that short "is the place to be." So much for his claim of 100% accuracy.

Sorry John. Just couldn't resist that!

-Tom

Please go back and copy the exact context of
the post you're referring to, and then post it here.
Where did I say that, over the next three days,
short is the side to be on?
Just couldn't resist pointing out your
stupidity, BTT.

Tolerant1. What's your email address? I just sent

you a message and it bounced.

Please get in touch with me at capt@the-privateer.com

One thing this pleasant exchange has pointed
out is that, once again, any unemployed halfwit
with access to a computer can completely
oertake this forum BECAUSE THERE ARE NO POSTING
LIMITS.

Believing that one person can truly make a difference,
I am going to post the following repeatedly until I am
kicked off or until the changes occur

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

Date: Tue Mar 31 1998 01:03
farfel ( @RJ...but yet you claim to be a metals trader.... )
ID#340302:
Copyright  1998 farfel/Kitco Inc. All rights reserved
...who operates outside the realm of emotion??

Yet, your overriding rant is "Sell, sell, sell." You have taken a
determined stance and somehow, the idea that there are others who
shout, "Buy, buy, buy!! incenses you to no end. If you are truly a
"trader," what do you care if my chant is unidirectional??
Certainly, at some point, you will go long on the metal, won't you?
Traders do that, don't they? Problem is you are not a trader...you
are disingenuous because you are, plain and simple, an ideologically
committed gold short.

If you were not shorting gold on a sustained basis, then you shoul
care less about some guy named "Farfel" exhorting others to take
an opposite tack.

You argue that your advocacy of selling gold is on the basis of pure
logic...yet, there is equally ( if not more ) compelling logic that
invalidates your own.

Relax, RJ, so far the shorts are winning the game. "The trend is
your friend," as they say. However, isn't it unnerving when highly
articulate, well-educated antagonists can repell every contention
you offer...and when more and more such antagonists are climbing
on the bandwagon to repudiate the ideology of the Great Gold
Bear??? It's scary, isn't it?

F*
Such is life








Date: Tue Mar 31 1998 00:56
Bart Kitner ( Kitco ) ( Updates ) ID#25867:
Tech Dept: Some of you may have noticed some data glitches
happening from time to time. These things happen. We're training
our computers to ignore prices when they're too good to be true,
too fast. I don't have to tell anyone that if you're using our data or
anyone else's for trading, always confirm with another source
before committing yourself in any way. This is especially true for
day traders where every dime is meaningful.

Sales Dept: Our first batch of Mounties shipped today. Those who
ordered early should have something to show for it before the
weeks' up.


Date: Tue Mar 31 1998 00:50
Hardguy2 ( @223, I'm not tense ) ID#399119:
Copyright  1998 Hardguy2/Kitco Inc. All rights reserved
Really, I'm just afraid! I'm afraid this "noble experiment" is nearly
over. The electorate has lost control of the elected, the un-elected
gentry, the elite who have been appointed to judge-ships and
OVER-RULE?? the Constitution, the "in-place" infrastructure in
our various Capitals, the"Staffers" who "help" newly elected,
starry-eyed, idealists "learn the ropes" so that they soon become the
"business as usual" "inside the beltway" Party toadys ( with just a
few exceptions like Ron Paul, so far anyway? ) I know I've posted a
mite "off Topic" but not too far really, it's all moot if we arn't a
free people, our system used to be based on a strong right to own
property, now as I indicated in a previous post, we
rent-through-taxation and clear title is a legal fiction. I am a
Hardguy too disgusted to continue for now, WAKE UP
AMERICANS, DON'T TAKE IT ANYMORE!

Date: Tue Mar 31 1998 00:44
farfel ( REPOST...and this "intellectual" accuses me of vitriolic
spittle... ) ID#340302:
Copyright  1998 farfel/Kitco Inc. All rights reserved
...and ad hominem condescension???? Who is this RJ guy kidding? I
offer up this reposted non-emotional ( ? ) tidbit for your
evaluation, a classic example of a "Wall Streeet kid" ranting and
raving because there are actually foreigners out there
contemplating ( heaven forbid ) the end of American hegemony.
Even worse, he is infuriated because there are actually individuals
on this forum that refuse to accept his thesis that gold is going to
sink into a toilet??

Oh, poor RJ, what will happen if you threaten to take your
American football home...and the Asians and Europeans say, "Sure
go ahead. We'll play another game instead." ( and with a GOLDen
ball at that? ) .

F*

REPOST:
Date: Mon Mar 30 1998 22:35
RJ ( ..... Unbelievable ..... ) ID#411259:
Copyright  1998 RJ/Kitco Inc. All rights reserved

The following rosy scenario was offered hereabouts:.

Japan sells off US T bills, sends US economy into tailspin.

Let's see. what would be the result of this action? Japan kills off
its biggest and most profitable market. They sell no more cars or
TVs or camcorders to the US. Neither do they sell to the rest of the
world, because the United States IS the market for the rest of the
world and without our buying they all fall. The Japanese thereby
have cut their collective throat. Who thinks this crap up?

You can always count on people doing what they consider to be in
their own best interest. The proffered scenario fails to take that into
account. One may sit around all day with lofty theories and clever
little theses on the demise of the world, but the world tends to not
cooperate in petty fears of mortals, and goes on much the same
tomorrow as it is today.

The response to this is sure to be as mindless as the refrain that
brought it forth. Nobody cares about the facts, they're buying
more. Kind of like the dunce who pounded his head with a hammer
because it felt so good when he stopped. The reasoning is the same.
I won't even bother to respond to the rest. When the initial premise
is misguided, all that follows will be in error.

Date: Tue Mar 31 1998 00:25
Stilgar ( test ) ID#234201:
testing

Date: Tue Mar 31 1998 00:22
Poorboys ( Maybe The Poorboys Golden Plaza ? ) ID#224149:
Earl Poor boys Plaza Yes sort of like a place to help our young
children find values, Principles, pride and respect with a touch of
Human Rights. Maybe they could learn to produce for a living
instead of cogitating on stocks and show the world of boiler room
makers that they are no longer desired. Like the weeds in your
yard they are very difficult to eradicate but the Internet at this
period in time gives us all freedom to speak on both viewpoints of
what we believe to be conscientiously correct. Amen MR.EARL
you are gentleman.

Date: Tue Mar 31 1998 00:16
Interesting Times ( real-time spot prices ) ID#423355:
Any recommendations? I gather that nobody makes this available
for free... thanks in advance.

Date: Tue Mar 31 1998 00:15
Old Soldier ( Young ones, stand guard! ) ID#185274:
Cherokee, please provide more info on Lifon.
No antipodeans in sight, I'll quit my post and off to the foxhole. A
fine evening!!!

Date: Tue Mar 31 1998 00:11
EJ ( G'Nite ) ID#45173:
Gimme a dome
Where the megabucks drone
And the monkeybills chagger all day
It'll give you a lick
A buffalo kick
And send you on your way

Date: Tue Mar 31 1998 00:09
223 ( Cherokee_A ) ID#26669:
Hari Seldon? You know he has a 20th century analog, a fellow
named Robert Jay Lifton. Which is at least as close a match as the
one between The Mule and WJ Clinton. Isn't it eerie the way life
follows fiction?

Now if we could just find Eldorado...

Goodnight all! :^ )

Date: Tue Mar 31 1998 00:07
SDRer__A ( Old Soldier, Expect you're right...the human
condition ) ID#288155:

"Think now
History has many cunning passages, contrived corridors
And issues, deceives with whispering ambitions,
Guides us by vanities.
...Thoughts of a dry brain in a dry season."
Gerontion/T.S. Eliot

Goodnight!

Date: Tue Mar 31 1998 00:02
RJ ( ..... Wiping off the chin .... ) ID#411259:

JD -

If you could see the grin on my face when I type that crap, your
opinion of my would raise immeasurably.

Away............topracticespittingovertherailinaladylikemanner

http://csf.colorado.edu/dfax/atn/atn9406.htm Arms proliferation thingy cool, has some shiyat bout korea deploying guns and stuff, mideast too, and the rest of the world. btw BERNATZ i like the way you talk to vronsky. real nice.

_LuRkEr - LuRkEr_

I bet you all knew this already. Coins have serrated edges because when gold coins were the money of the realm, people would shave a little off the edges. Likewise, pictures and writing were put on the faces of these coins to discourage the practice of shaking many coins in a leather pouch for the dust.

You know me not. Judgement based on such is valid? Lighten up Mr. Tom

hrmm bernatz you shure are whinny btw whats your ip? : )

All, Soberly, you will agree that the recent price increase/runup from the long time lows is not an astronomical US dollar amount nor percentage. Rightly or wrongly, I believe the metals lows are in place, and that we will ultimately see much higher prices. Like many others, I expected to see the low price in place previously. Comments about the duration of gold bull markets and the necessity of timing the interim tops notwithstanding, many of us goldbugs have ridden gold up and, mostly down, for a very long time. We have seen mostly losses in holding physical metals, and significant or total losses in long futures, options, and diminished and bankrupt mines, in short, essentially all metals sectors. This is not to mention the opportunity cost of the forsaken paper financial markets. Hopefully, you all have mitigated and offset these deductions to some extent, and kept some dry powder for the present times. This is always prudent.

We know all markets go up and down. The paper and gold markets are no exception. Many of us are of the mind that paper is totally overvalued, and its inverse function is gold and other valuable commodities. It is perfectly acceptable to believe and understand that the normal direction for paper values is down. Over time, gold always has outperformed paper. This time will be no exception. The astute analysis which occurs on this forum daily regarding the absurdity of valuations in most all markets is insightful and appreciated on this end.

I do not intend to enumerate the goldbugs problems and discount the suffering of hundreds of millions or billions of people who have suffered immensely at the hands of paper. This has been shown and illustrated in great detail, and is ongoing. We must be eternally vigilant against the evils of the paper pushers. It was not that long ago that many posters felt the paper pushers were firmly in control and that there was no hope. Times and things can change quickly. Gold does not.

As Farfel and others have so eloquently stated, we must educate all people on the freedom of gold and the horror of paper. I posted earlier that I would never short gold. It is simply, IMHO, too risky. A second huge risk, is to have none. This is also potentially catastrophic. This brings me to the crux of this post.

With respect to the timing of physical markets, I believe it is time for Farfels corollary, which could be:

I DONT CARE HOW HIGH IT IS, IM NOT SELLING!

Thanks to Bart for the best site, and to ALL contributors.

Done.

interesting in a way...

Tom

Can you repeat that please .Thank You --All I have on my hard-disk is 10 megs of why I should buy S.A.

Dear Sir, I have never seen the kind of rantings you produce here except
on one of the .alt newsgroups. If you think you are smarter than
everyone else on this forum... so be it! You have forever earned the
title "Fool on the Hill" from me. and will not waste any MORE time
reading your posts. I think most of the group feels this way from
what I have read here this evening.
If you have something meaningful to say here put it in your title.
Thats the only way I will ever see your nonsense...

Have a Nice Day.... :- )

Hello again, John. You wrote: "Please go back and copy the exact context of the post you're referring to, and then post it here. Where did I say that, over the next three days, short is the side to be on?"

I think we both remember your statement clearly enough. You said something like, "I believe that RJ is short, which is the side to be on." Now your statement was, I'll admit, a bit vague, as is often the case with those who claim 100% accuracy in their predictions. You did not, for example, mention a specific time-frame. So, do you still think that one should short this gold market?--and if so, what *is* your time-frame? A week? A month? A year?

You go on to write: "Just couldn't resist pointing out your stupidity, BTT."

This is supposed to bother me? When it comes to the art of effective criticism, you have, I fear, a lot to learn.

-Tom

Loop De Loop ----WOW ------Who did that song ? Tell me Studio_R

I love it when the children have had to much chocolate-they get REAL hyper. Tom