panda
rhody
This one is a little longer than five years...
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Now, what did I do with my peanut butter cookies and cereal boxes and babe......er baywatch......................I is a 'murican ya' know........howdy y'all.............yuk-yuk ( said in my best Deputy-Dog accent ) . And where's the beef!.... ( ? )
away.......to live my life like a beer commercial.......and bash other countries......best I can.......uh huh.
poorboys - I hope that BiG lizard thumps you on the head so you SNAp out of it............... ( holy mackeral ) ....what's gotten into you????
go silver......ohmy. ( note to kitco: EB went long.....so it's safe to sell hell out-o-the-market...... )
away......with my profits....... ( ugh ) .
I will find an earlier date or we can wait until Mike Posts it.
away...
is good for rangy. I covered this item
maybe a month ago. In December 1997, Rangy
agreed that Deeps repay a debt to rangy in
the form of Deeps stock .. Thing was deeps
was trading about 7 to 8 rands at the time
and that will be be basis for repayment.
Obvious good deal as deeps now trades almost
twice that price. I hold both rangy and deeps
so I dont care. Despite this I cant see Rangy
moving up now till good news comes from Mali
which will be July end earliest. ( but then
Im wrong a lot Murrstein ) .
Only stories from Mali now are from
beer drinking analysts in Joburg some of
whom have never seen a tree. They speak of
snakes mud human sacrifice witch doctors
giant apes named KONG and prehistoric
beasts. One day they will be overheard by
a journalist. Stories will then appear in the
press. Next someone on Kitco will post it.
This is by way of a preemptive strike.
Seems as though CBS Market Watch is 'problems'. Hmmmm, I guess Galaxy IV does matter....
My reading of the XAU from these charts is Short and Intermediate-term oversold, Long-term near-overbought. Looking for a turn soon.....hopefully up!
Your article indicates gold is the ultimate Contrarian play - as a Contrarian, and with the evidence in the XAU charts posted below, I have to agree and to be ( cautiously ) bullish here. The next few days should prove the direction of the market; as Preacher says, we are at a critical junction. If wave 3 shows, it should be a whopper.
This is not investment advice - just my opinion.
I am very interested in what you seen in the stars for BC now that the House, defense department, Secret Service, and members of the Justice Department are after him. Also I put some of the family fortune ( ha! ) into PAASF -- so I ( and others here ) would be very intested in what you think about their future too!
http://tiger.golden.net/laird/
The simplest/cheapest way to do this in a very dilute solution such as drinking water, is probably to use lime ( CaO ) or limestone ( CaCO3 ) in contact with the water, followed by filtration. Just passing the water through a bed of crushed limestone rock followed by a household water filter will probably do the trick.
http://news.bbc.co.uk/hi/english/business/newsid_97000/97438.stm
The Justice department individuals I referred to -- who want Clinton out -- were the 'named' sources for the top secret information leaked out in the Friday or Sunday New York Times bombshell. This is the first time I have actually seen names of anyone in the Justice department in relation to bad news for Clinton. The way I see it is that people like Janet Reno are not able to totally suppress the truth, and fortunately some individuals are now speaking out, like those 4 AFIP forensic experts who did or witnessed Ron Brown's autopsy.
The tide is slowly shifting, abeit a bit slowly. We must be patient -- there are some honest people left in the US.
I agree with your assessment, at least for the XAU.
Short-to-intermediate term I think we go up, but when we get to overbought level on short, intermediate, and long-term indicators, that'll probably be the end of this move.
This is also what the INPATHIQUE chart was also showing at their last update - another move up, then a correction, then up again for the final top. Then down big time.
Just now we are near-overbought only on the long-term XAU chart, oversold on the shorter-term charts.
That brings up another point. He said that 'paper gold' was not a problem because the physical price of gold was within 25% of the price set by derivatives trading. I think he also said that COMEX is where the actual price of gold is set. We now know that COMEX is almost certainly just an empty facade, gold ( and silver? ) wise, and that the real action is in London or elsewhere. If he is getting bad advice on technical trading he could very well be getting bad advice on derivatives trading as well. Food for thought.
Always question your sources, and check for inconsistencies. No one person is likely to have access to all of the puzzle - especially with gold investing.
----------------------------------------
I too am convinced the next najor move will be up, but a final
spike lower would not be surprising. Gold stocks and bullion up just modestly today despite a sharp drop in the
greenback.
----------------------------------------
Classic Kitco.......yup.
away.......to chuckle myself to tears
straddler - I don't see it either.....daily-weekly-monthly, nothin', nada, zilch. He must be looking at ANOTHER chart. I see choppy to flat market through '98.....sell ALL good rallies. Highs of '98 will not ( I repeat ) NOT exceed 340.......UH UH. Buy Plat. UH HUH.
away...to search for big bergs
But they may have their own ideas about what kind of paper gold. Second possible fact -- perhaps the Rothschilds are setting up their own 'paper gold' transaction system, just in case the public ones melt down -- for any reason, y2k being only one reason. Third possible fact -- perhaps the 'paper' gold prices are already far from equilibrium, or the Rothschilds are trying to bypass the US dollar entirely. Why should they bother with the US dollar when they have all the gold they need -- for any transaction they might need.
And -- if they set up their own transaction system -- they can set their own rules as to what 'paper' gold should be. Bet they are much more conservative than even the LBMA about that.
All: I am no banker. Perhaps Donald or someone else can tell us what this might do. Of course, the Rothschilds might have purchased a custom package -- lips would be sealed about that, I'm sure.
Are you from Indonesia, by any chance?
Since you mentioned this - I never thought to ask E-Gold if they are Y2K-proofed. Any ideas?
You are one of our resident experts on Y2K......what's likely to happen to all those slot machines in Vegas or Atlantic City ( with their imbedded chips ) when the date rolls over? Should we take our 5 gallon buckets and get ready to load up? Just thought I'd ask - I have relatives who work in a couple of those casinos.
Oris -- are you sure your contacts are on the level? Sounds very bad to me.
India Says Pakistan Opens Fire in Kashmir
http://news.bbc.co.uk/hi/english/world/s/w_asia/newsid_97000/97794.stm
I got murdered on this one today!
For those of you interested in charting, or "technical" data:
the pattern of 'Commmitment of Traders' charts, as depicted in charts I subscribe to, from Commodity Trend Service's "Futures Charts" ( - for more info. &/or subscription, call them at 1-800-331-1069, or visit their web-site at http://cts.dearborn.com>http://cts.dearborn.com ) ....indicate a pattern of base-building for the gold market ( - see their weekly charts for gold prices, and Commitment of Traders patterns. ) This pattern of lower highs for net-buying of Commercials, as gold prices have steadily worked lower, since July, 1997, until/into March, 1998, is very bullish.
I repreat, since July '97, into/thru Mar '98: ""The "commercials", and their 'lower net buys', at successively lower goldprices, is a bullish pattern, for precious metals."" I urge those interewsted, to re-read, and study this pattern. This is the obvious accumulatuion pattern, by commercials, beginning in July '97, thru March, & into the current period of Apr-May, '98. Whether this accumulation pattern is completing, for commercials in the gold market -- remains to be seen. But again, this building, accumulating pattern, as it has been mapping itself, since July, 1997; confirms that a base or bottom,
in gold markets, is forming/has formed ( - for this investment/trading period/opportunity. )
A similar bullish pattern can be identified in the cotton market, with the Commitment of Traders net buying - declining - as prices have denclined, since Dec. '97.
I repreat the importance/significance, of this Commitment of Traders' pattern. It is an EARLY indicator, and must be used, if effectively, with a combination of other technical indicators, such as moving averages, on-balance-volume, stochastics, MACD, roc, etc.
Although there is often more heat than light on the Kitco board, there are enough of us, here, who sincerely seek the 'truth' of markets and timing - in particular, for the prospects of gold/precious metals.
Best wishes to you all.
Sincerely,
Davd Blair Macrory
if you wish:
email me at essene@k-online.com or goldfever@k-online.com
( - for more info. &/or subscription, call Copmmodity Trend Service, at 1-800-331-1069, or visit their web-site at http://cts.dearborn.com )
When the fall comes, intermediate correction or something else, you can be sure of one thing; It will be swift.
I must admit, simply buying gold bullion does look like a better investment these days then buying the higher yield, but more volatile gold stocks.
Incidentally, have you been following the Russian situation? Looks more and more bleak to me. Their markets went down nealy 30% in the last 10 days for no apparent reason. That should cause alot of gold buying in Europe when the Europeans begin to realize what is up -- trouble ahead, unfortunately in a country that knows little else other than communism, and where purges have removed the individuals most likely to bring that country around. Makes me think of the Fatima prophesies.
Welcome aboard -- and I apologize for the lack of a better welcome -- but I think you understand!
On a less positive light, I noticed that the Xau has been showing some rather bearish activity for the last week on an intraday chart -- rising up quickly in the morning, but steadily falling the rest of the day -- not a good sign at all. I didn't spot this till today -- still learning. If gold bullion does not move up soon, we are in for a short - term bath in gold equities.
On the other hand -- something very bullish for gold is slowly taking shape in Russia -- storm clouds slowly gathering for the Europeans.
TSE ejects YBM from 300
By SANDRA RUBIN
The Financial Post
The Toronto Stock Exchange booted troubled YBM Magnex International Inc. off its 300 index
yesterday amid questions about why it was there in the first place.
Two sources said the exchange knew of a damning British police investigation into a Russian
mobster with links to YBM before the company's listing was granted in May 1996.
Both said officials felt Canada's largest exchange could be on shaky legal ground in refusing
the listing because no one had been charged with a crime.
As reported in The Financial Post Wednesday, Britain's National Crime Squad concluded in
November 1995 that Russian mob boss Semian Moguilevitch was using Canadian markets to
legitimize money from "large-scale extortion, prostitution, arms dealing and drug trafficking."
Moguilevitch was a director and major shareholder of Arigon Co. Ltd., a Channel Islands
company that was rolled into YBM.
The report said Canadian law enforcement officials had contributed intelligence to the
investigation, code-named Operation Sword.
YBM shares were trading on the Alberta Stock Exchange at the time and didn't receive a TSE
listing for another six months.
The RCMP refused yesterday to discuss what the force had told TSE or Ontario Securities
Commission regulators three years ago, saying the U.S. Attorney's Office in Philadelphia is the
only agency that will be fielding questions on YBM.
Const. Michele Paradis said what the RCMP may have told the TSE -- and when -- is "all part
and parcel" of a U.S. criminal investigation.
"Anything right now that has to do with this investigation, whether it's at the beginning [of YBM]
or at the very end, is part and parcel and could conceivably affect the court case later on,"
Paradis said. "The last thing we want to do right now is jeopardize the court case because of
something we say.
"Anything that could be given in evidence can not be given out."
She said the RCMP has been "assisting" U.S. agencies, which swooped on YBM's
Philadelphia-area headquarters last week and carted away a truckload of documents.
The raid was co-ordinated by the Organized Crime Strike Force of the U.S. Attorney's Office,
and carried out by the FBI with customs and immigration agents on hand.
Meanwhile, YBM broke its silence on the Moguilevitch connection late yesterday, with a
statement saying that while he was one of the original 31 shareholders, "he is not a director or
officer of the company, has never exercised control over the company and has never had any
involvement in the management of the company."
It appears he still holds a stake.
YBM pointed out that charges of conspiracy to handle stolen goods were dropped, and said it
disclosed the proceedings to the TSE and ASE. It did not say British police blamed the
collapse of the case solely on a lack of co-operation from Moscow.
The company's statement also said another Russian mobster, Sergei Mikhailov, is not a
"registered shareholder."
YBM maintains no non-institutional investor has more than 3.2% of its shares, although it's
nearly impossible for anyone to verify how much any investor owns if their shares are held in
street names.
The TSE was not available last evening to comment. But a spokesman said earlier John
Carson, senior vice-president of regulation, had nothing to say yet about a review of the
circumstances surrounding YBM's original listing.
The exchange removed the shares ( ybm/tse ) from the 300 index under a policy that states a
stock's status will be reviewed if it is halted or cease traded for five consecutive days. It said it
valued YBM shares at 0.05 each for index calculation purposes, "since the last traded price
of $14.35 does not reflect recently announced information about the company."
It reassures me that I'm not retarded.
I suggest your review of my comments at ....
See their 'Gold Digest' link.
My introductory comments, from the 2/98 article, are as follows:
A Golden Cure for World-wide Deflation
Contagion
From Thomas Jefferson, in an address to his
fellow 'founding fathers' of the new nation:
Thomas Jefferson: "If the American people ever
allow the banking system to control their money,
first by inflation, then by deflation; their children
will one day wake up homeless on the continent
their fathers conquered."
The world's financial and monetary systems may
be likened to a gigantic teetering circus-tent. An
when the tent finally collapses. It will not be the
center-post that goes first; it will be the side-posts;
and even the stakes."
The "stakes" are the Asian Tiger economies. The
"side-posts" are the most important trading
partners of the U.S. This includes the strategic
national economies of: Hong Kong/China, Japan,
Canada, Mexico, South America and Europe. The
"center-post" is the U.S. economy, including its
stock markets.
The "tent" is the world-economy, built on a
mountain of artificial money and credit, created out
of thin air, by a politically engineered and
dominated central banking system, that has
mastered the art of legalized counterfeiting. It has
taken generations, to perfect this art and master
this tune, that plays to the drum-beat of billions of
dollars of false wealth created per week.
Not too many years ago, it was against the law to
counterfeit money, including by governments or
banks.
And now what: Gold going up?in the midst of
spreading Deflation? How can this be!
I've been visiting the Kitco site for about a year
now; and it is evident from the discussions there,
that most of us are still deluded by, and caught up
in, the artificial Santa-Clause Economy built on the
BIG LIE: money and credit created out of nothing.
This insures an over-extended, artificial, seemingly
benevolent "economic summer" that may last for
generations. All the while the masses
misperceptions grow, while the money-masters of
power, in the world, in control of interest rates, of
credit availability, and of the volume of money
flooding the world.they thus become economic
dictators in hiding.ruling over the ultimate value
of the money you earn, spend, invest, and save for
a 'rainy-day" or retirement, or the kids'' education.
The world over central banks have evolved with
their governments blessings into a quiet, awesome
club of collusion and unbridled power. They hold
in their hands the destinies of nations, and the fate
of millions. Reginald McKenna, a 19th century
banker of England said: "Give me control of a
nation's money, and I care not who makes the
laws."
It is, in fact, very natural, for gold to go up, as
deflation intensifies. Just as it is very natural for
gold to go up in inflationary times, as well. That is
because the inflation and deflation are happening
to the paper currency, the artificial money of the
realm. Inflation and deflation do not happen to
gold. And it is artificial, unbacked money and
credit, once it is spawned out across the world,
that ebbs and flows by the billions and trillions,
thus distorting and manipulating the economies of
the world's nations. Once this spreading cancer is
set in motion, the economies and countries grow
increasingly out of balance, and ultimately out of
control. And it almost always starts showing up in
an obvious way with with currency instability,
which was the root of the problem to begin with -
unreal currencies. Just ask the hundreds of
thousands of Asians who have just been laid off,
or reduced to 30% of their previous income, almost
overnight.
The ignorance, misconceptions and confusion
grow, because we seem to live in enduringly good
times. And the BIG LIE that artificial money
created out of nothing is real money -- has had
generations of time to take root: in our institutions
of higher learning, in the board rooms of our most
brilliant corporations, at the family dinner table
discussions of what we studied in school today,
and in the not so noble halls of government offices
across our fair land. What we have failed to
understand, or have forgotten, is that the basic
standard, the unit of a nation's money -- the
medium of exchange and store of value -- is the
foundation of, and the fundamental building block,
upon which, a nation's entire economy is built. It is
essential for this unit, this standard of money, to
be freely, willingly , and universally acceptable
because it is stable, real, and can be trusted, by
any and every one.
Historically only gold money, or money and credit
units convertible to and backed by gold, have
endured as real money, immune to both inflation
and deflation. Gold is independent and free of
manipulation and control by any governmental
powers and special interests. John Adams' words
of 200 years ago are just as timely and important
today: "All the perplexities, confusions and
distresses in America arise, not from defects in the
Constitution or confederation, not from want of
honor or virtue, as much as from downright
ignorance of the nature of coin, credit and
circulation."
Real money, gold, endures as stable and trusted
currency, regardless of governments that rise and
fall, and economies that go through there natural,
moderate, non-manipulated cycles of economic
summer and economic winter. Politicians resist
gold-based money, because it strictly limits them,
and disciplines their lust for power and control,
along with their intimate banking friends. This
means that economies no longer remain in
balance, and ultimately, over-extended economic
summers, are followed by inevitable, and very
painful economic winters. All of this excess to
excess, is unnecessary, and would be avoidable, if
a gold standard money system were established
and honored, among the community of nations.
The brilliant Ludwig von Mises, of the Austrian
School of Economics put it this way: "The
eminence of the gold standard consists in the fact
that it makes the determination of the monetary
unit's purchasing power independent of the
measures of governments. It wrests from the
hands of the "economic czar" their most
redoubtable instrument.. It makes it impossible for
them to inflate. That is why the gold standard is
furiously attacked by all those who expect they will
benefit by bounties from the seemingly
inexhaustible government purse." ( The truth and
wisdom from this master-teacher of true
economics, might help us better understand why
there has been so much media coverage of
reported central bank gold sales, the last year or
two. )
Now, the last several decades of mushrooming
credit-creation world-wide, has led to a debt-ridden
international economy with careening markets and
collapsing paper currencies. This debt-ridden,
artificially propped up, international economy is
symptomized by over-built real-estate, with grossly
inflated values. World-wide, property values are
beginning to feel the effects of spreading deflation.
The recent deflationary free-fall in Hong Kong
property values, will likely spread next to Japan
and China. The deflationary world economy is like
a Titanic, and their are never going to be enough
IMF buckets to bail her out.
Also symptomatic of this international economy
beginning to mire in debt and growing deflationary
momentum, is the overcapacity of industrial and
technological production. This has resulted from
first of all, a glut of easy credit for the asking, and
now, the world is not only awash in red-ink, but
also in a glut of goods and services that most
people don't want, and fewer and fewer can really
afford. These kinds of glaring symptoms are the
recipe for spreading, world-wide deflation, with
ominous implications. When desperate Asian
nations want to import new cars to sell here at half
last year's prices, the protectionism, trade barriers
and trade-wars will be looming right behind.
For lifeboats, we best look to the historical lessons
of gold: gold unassailable, real money, and gold as
a haven of capital preservation in times of
economic crisis and currency turmoil. We got
ourselves into this mess by allowing our
governments and special interests to divorce our
money from gold backing and convertibility. At one
time, our currency was originally as good as gold,
a virtual receipt for real money. It was even
printed, right there on each and every U.S. piece
of currency: "payable to the bearer on demand in
gold". It's enough to make our grandparents
generation roll over in their graves.
Deflation happens to artificial currencies and credit
instruments at certain times, just as inflation does
at other times, because they can be controlled and
manipulated by the powers that be. Naturally
stable economies, based on real money, are
immune to inflation and deflation, and the powers
that be -- their hands are tied, by the immunity of,
and independence of gold. I have an early 1930s'
chart of HM overlaying the DJIA. In 1973, I was
giving economics seminars in the SF Bay Area
entitled: "What Makes the U.S. Economy
Tickand Why it is a Ticking Time-Bomb." The
economy's turned out to have a longer fuse than
I'd figured/surmised, at that time. But now, the fuse
is, indeed, running out. From early 1930 to 1932
Homestake Mining appreciated approximately
500% while the Dow was crashing in wave after
deflationary wave, wiping out the livelihoods and
fortunes of millions who never knew what hit
themsort of the way growing numbers of
people are feeling in Asia. And the "Asian
Contagion" is spreading, regardless of our
self-absorbed, insular, wishful thinking.
In my editorial./article of 2/98 I attempt to explain that regardless of inflation, or deflation, that gold will increase, which-ever
economic momentum......holds sway/accelerates.
For my more recent timing tools/suggestions
Feb. '98 ....... : --
that gold rises.......
whether by "inflation" ...
or ... "deflation".
, might perhaps, be helpful to you all, depending on open-minded-ness.
Gold is but a mirror
of what is happening
with the "economy",
the political 'czars',
the currencies - "of the realm" - 'and day'.
...........................
Here, as follows, is one of my short-term technical-timing
suggestions, for trading and investing decisions of timing.
Best wishes,
David Blair Macrory
Usually the US markets are bullish just before national holidays, but not this time.
By the way, do you have any idea what Antony Sutton was referring to when he described the 'Road to Ramboullet' conference in the 70's? Apparently the US had some sort of debt due the BIS at that time, and the BIS called in their chips, forcing the US and the IMF to stop seling gold, and devalue the dollar.
I would sure like to know what the BIS had over the US. Some missing gold that the BIS know about?
Thanks in advance.
20/20 is a US one hour documentary type news show, usually covering about 4 controversial ( but generally mainstream ) subjects. This show gets alot of attention in the US. Remember the Kathleen Willey bombshell? I'm pretty sure that was 20/20. The fact that y2k even got consideration means that some media specialists think it is newsworthy.
Just wait till the Clinton/US satellite/Chinese missle story gets on 20/20! But -- this is probably too hot to handle -- for now, at least.
I heard from a native South American professional today that only Chile and Argentina are doing well. He tells me that the Brazilians are running scared. He knew little about Mexico and Venezuela.
Please take care -- the Indonesia situation is apparently only on hold, with a Suharto doormat for president.
I'll bet that this time she has stirred up a hornets nest. Why did the
FBI ask for the independent counsel? This is new. I wonder how long she can control the floodgates on this one. If this keeps up, there may be a clamoring to remove Janet Reno.
I guess we should ask the question differently: what countries did not have the opportunity to upgrade their nuclear weapons capability? Did we miss any? Any more campaign contributions still in the pipeline?
I sure would like to know how you sleep at night.
Find out more about Kitco at info@kitco.com, or call 1-800-363-7053.
Copyright © 1996 Kitco Minerals & Metals Inc.
All: Mike posted a great "disclaimer" a while back. Can anyone
re-post it, or tell me where to find it? Thanks