Gold Discussion for Investors and Market Analysts

Kitco Inc. does not exercise any editorial control over the content of this discussion group and therefore does not necessarily endorse any statements that are made or assert the truthfulness or reliability of the information provided.

(Sun Jul 26 1998 00:01 - ID#207145)
I didn't ask who recordedit. I asked who wrote it. Touche!!

(Sun Jul 26 1998 00:14 - ID#207145)
To all would be lemmings
And you know who you are. If not try this simple test: Do you salivate when the opening bell rings. Pavlovian. Stocks are out . Gold is out
because Asia can empower the dollar. Europe, maybe later, after the carnage.Late October. The Euro will power Europe. Wall street will rally nicely. Mid February Macarthur Park. cake was lert out in the rain,it"s sweet green icing flowing down. I can only speak for myself. I am not adept enough to battle this Bear Market. I will pick seasonally strong times. Nov 1--Feb 15. Those who are long term investors stand to lose 25% at a minimum. Good Luck.

(Sun Jul 26 1998 00:23 - ID#207145)
Worried about tax consequences?
More is stood to be lost in the market. However for those stout souls who can take the knife, then good luck.

(Sun Jul 26 1998 00:26 - ID#255284)
written by Domingo Samudio aka Sam the Sham

You are a hard man to please, here ya go:

WOOLY BULLY ( Domingo Samudio )

Uno, dos, one, two, tres, quatro
Matty told Hatty about a thing she saw.
Had two big horns and a wooly jaw.
Wooly bully, wooly bully.
Wooly bully, wooly bully, wooly bully.
Hatty told Matty, "Let's don't take no chance.
Let's not be L-seven, come and learn to dance."
Wooly bully, wooly bully
Wooly bully, wooly bully, wooly bully.
Matty told Hatty, "That's the thing to do.
Get you someone really to pull the wool with you."
Wooly bully, wooly bully.
Wooly bully, wooly bully, wooly bully.

Love da Net, Yes

(Sun Jul 26 1998 00:29 - ID#207145)
Macarthur Park
For I will have the love that I desire, and you'll never catch me looking at the sun. Nice optimistic end. Richard Harris. King Arthur in Camelot circa
68'. Always liked him. He could put away some scotch.

(Sun Jul 26 1998 00:30 - ID#207145)
Jimmy Web.

(Sun Jul 26 1998 00:32 - ID#340344)
Hello, Squirrel...
If the U.S. Government presses can print 38 million pieces of
currency daily, it will take them almost a week to produce
just one additional piece for each U.S. resident. I don't think
it matters much whether they produce all ones or fifties. There
won't be enough currency to fill a serious gap in the banking/grocery buying/etc. procedure, should a gap develop. I think a panic
will develop well before the magic date, and people will
realize they want to accumulate cash and food, to the exclusion
of spending money on beanie babies, trading cards, comic books,
and other frivolities, and maybe even to the exclusion of
paying that credit card payment. I would not want to be in a
business of selling oil changes, magazine subscriptions, doofy
toys ( imported or not ) and I surely would not want to have a
retail outlet selling ... gee, I was going to write "electronic goods
or camping goods," but now that I think about it, I wouldn't
want to have a retail outlet of any kind. In a severe panic
( a riot situation, ) how many of us would choose to attempt
to protect our retail outlet rather than doing the same for our
home/ family? Desi Arnaz, that great sage, always had five
words to describe his feelings about Lucy's latest predicament.
"Ay ay ay ay ay."%^ )

(Sun Jul 26 1998 00:37 - ID#207145)
Jimmy Web
Wichetaw Lineman, By the Time I Get To Phoenix, Macarthur Park.
Drudge says Clinton may have had a drug problem at the White House. Well, there goes his 66 % approval rating if true. That and a recession, all in one week. Of course he's negotiating. Looks like teflon is beginning to peel. My frying pan does thatt. I throw if in the trash, and get a new one.

(Sun Jul 26 1998 00:40 - ID#207145)
Sorry bout spelling
Wicheta Lintman ( FOR the county, and I drive the main road. Searchin in the sun for another overload ) .

(Sun Jul 26 1998 00:44 - ID#207145)
I give up. I just can't type
And Ive got slide outta here before Aurator comes back to tighten me up about something. Goonight all.

(Sun Jul 26 1998 00:51 - ID#207145)
Do-wa Diddy dum diddy do. There she was, justa walkin down the sreet.
Manfred Mann. I must admit, you are damn good. I appreciate the good research....Also Quinn the Eskimo ( Bob Dylan ) , Pretty Flamingo ( Who Knows, maby Manfred.....Let it go Aurator. You have proven yourself wothy.

(Sun Jul 26 1998 01:00 - ID#207145)
Jerry Jeff Walker
Mr. Bo Jangles. Cause I drinks some beers. I've used that excuse.
I can relate. Sorry bout your dog... Dance Bo..Dance... Jerry Jeff used to hang around with Chris Kristofferson. Jerry Jeff's Train songs, and blue eyes cryin' in the rain.

(Sun Jul 26 1998 01:04 - ID#255284)
No worries, Bloop

ALways glad to be wothy

(Sun Jul 26 1998 01:07 - ID#207145)
"Hardest wotking man in Kitco business".....A+
Domingo Samudio. A tipputha turban. Gotta go. I've been talking to myself for 20 minutes. Good night Aurator and all.

(Sun Jul 26 1998 01:15 - ID#255284)
Take me to Luckenbach Texas, Waylon, Willie and the boys
This suburban life we're living got us feuding like the Hadfields and McCoys.

K Kristofferson, The Silver Tongued Devil & !

(Sun Jul 26 1998 01:17 - ID#255284)
Wasn't Do wa diddy from Herman's Hermits?

(Sun Jul 26 1998 01:18 - ID#255284)
suburban = successful

end of lyrics thread

(Sun Jul 26 1998 01:19 - ID#411259)
..... Salty Sing Along .....

I couldnt resist

Salty -

Thanks for the Wooly Bully words. Tis an anthem of sorts and a stirring tune in any case; the type of ditty that should only be sung whilst waiving about big mugs-o-ale in the most irresponsible manner.

For decades now, the lyrics to another anthem - perhaps the ultimate PARTY anthem - remained a mystery. Teams of government code breakers using fantastically expensive Cray super-computers have never made it beyond the third line before all resources are tapped out and acrid smoke fills the room as the processors go into meltdown mode. Anyway, I have managed to crack the code and offer these words for the world to finally know.

If ever at a party, and this song is played, everyone will sing the chorus but nobody knows the rest of the words. You show up singing this..... You will get lucky.


Louie Louie ( ohohh baby ) me gotta go ( now )
Louie Louie ( ohohh baby ) me gotta go ( now )

Fine little girl she waits for me
Me catch the ship for cross the sea
Me sail the ship all alone
Me never thinks me make it home

( Chorus )

Three nights and days me sail the sea
Me think of girl constantly
On the ship I dream she there
I smell the rose in her hair

( Chorus & Guitar solo )

Me see Jamaica moon above
It wont be long me see my love
I take her in my arms and then
Me tell her I never leave again

( Chorus and more unintelligible stuff )

R. Berry, 1955


(Sun Jul 26 1998 01:21 - ID#280214)
ChasAbar - a retail outlet I have
And above it I live.
There will be dogfood in the streets.
Yes indeedy.
The dogs had best be careful of hard chunks in the meat!
When the are done.
Maybe I will have BBQed dog to supplement canned tuna.
Have to get at least one level above the slime.
To be safer from parasites.
Hi Yo Silver - Away!

(Sun Jul 26 1998 01:26 - ID#411259)
..... There I was just walkin down the street .....

Salty -

Singin Do Wa Diddy Diddy Dum Diddy Do.........
Manfred Mann, Late Sixties
Didn't you ever see, "Stripes"?


(Sun Jul 26 1998 01:32 - ID#255284)
Just one more
Nope it was Manfred Man

"You always trade Silver for Gold"
Randy Howard

He had a tongue made of silver
She had a heart made of gold
She was just out with the girls for the evening
And he was just in off the road.
He was halfway through his third scotch and water
When she got her first glass of wine
Her glance turned to stare and right there and there
The girl might as well have been blind.

He turned back to his drink
and tried not to think
About what he knew he could do.
But his mind took control
of his body and soul
and thought more than he wanted to
So he mosied on over
and said something shiny
And a sparkle came into her eyes.
I guess the silver-tongued devil
and the gold-hearted lady
Were meant for each other that night

He traded silver for gold
He needed some warmth from the cold
It ain't always real but a fool even knows
You always trade silver for gold...

(Sun Jul 26 1998 01:43 - ID#280214)
oops - got carried away there for a moment
Back to the printing presses.
My 22:36 earlier tonight said 40 billion per week.
M3 is about 5,600 billion.
( I can't get through tonight - it worked before )
If they got started early - as in now
they could print enough to replace half of M3.
But I agree with your premise...
There is now way they could print enough paper money.
Is there enough Gold, Silver and other useful supplies
and equipment that people could buy to soak up M3?
At least for Gold at US$300 the answer is not even close.
10,000 tonnes would only soak up 100 billion in US$.
Even at US$900/ozt Gold couldn't make a dent in M3 or M1.
And Gold can't get over that POG as long as miners make
3 Gold Grains per hour more production will come on line
- such as in the mines herabouts.
So we are stuck with all that capital wanting to flee paper
but having no where else to go.
To the Euro? or Yen? or and Islamic Oil backed standard?
Or maybe it will just evaporate. Use it or lose it!

(Sun Jul 26 1998 01:45 - ID#255284)
Never saw stripes but was in England when Do wa Diddy was released, I should know better.

What do you think of Randy Howard's advice ( from his eponymous 1987 album ) Always trade silver for gold? Even when the au/ag ratio is above 50?

(Sun Jul 26 1998 01:49 - ID#411259)
..... Salty .....

I would trade no silver for gold in these heady days

Nope not negative neither

Huh uh

(Sun Jul 26 1998 01:53 - ID#280214)
Oops again - slipped on a decimal point!
My brain is wet from Southern Comfort!
My last decimal point should have been:
"Gold can't get over that POG as long as miners make
30 Gold Grains per hour more production will come on line"
Cumbersome sentence structure too.
30 Gold Grains = US$18.25/hour at current POG.
What are the GM assembly workers asking for compared to
what hard rock miners are getting ( for a lot harder job ) .
No sympathy from this mining town.
And definitely no sympathy from those around here
making half that or less at Vail, Breckenridge, etc.

(Sun Jul 26 1998 02:00 - ID#280214)
Gollum - maybe the Mountie lost his head.
Which is understandable in this Gold Market.

(Sun Jul 26 1998 02:47 - ID#255284)
Golden songwriters of the south it's the DJ in moi, echoing past lives.
Always keep my perspective with the assistance of The Austin Lounge Lizards, Jerry Jeff, Guy Clarke, Terry ALlen, Emmylou, Nanci, Matreca Berg, Greg Brown, Townes van Zandt, Merle Haggard, Willie, Waylon, Johnnie, Roseane, Iris , Joe Ely, Butch Hancock, Ernest Tubb, Jimmy Rogers, SOns of Pioneers, Ry Cooder, Peter Rowan, Jason Eklund, good Southern Boys 'n girls, mostly from Texas way.

(Sun Jul 26 1998 02:58 - ID#255284)
Noone here?


A modern copy of Charles Mackay's 1841 Classic, "Memoirs of Extraordinary Popular Delusions & the Madness of Crowds" to the first kitcoite who posts an email address & the name of the great american songwriter who penned this:

Yes, as through this world I've wandered
I've seen lots of funny men;
Some will rob you with a six-gun,
And some with a fountain pen.

John Disney__A
(Sun Jul 26 1998 03:18 - ID#24135)
Im here salty
Didnt know you was a Ry Cooder
fan ..
But who wrote them words ??

John Disney__A
(Sun Jul 26 1998 03:28 - ID#24135)
Okay salty
Ill give it a try ..
was it woody Guthrie ??

I already have a copy .. if im
right I want to donate to my
favorite charity .. Disneys
home for wayward young girls..

(Sun Jul 26 1998 03:48 - ID#284255)
What is the best silver to invest in?

Just twisting the rhetoric ( :- ) ) )

John Disney__A
(Sun Jul 26 1998 03:55 - ID#24135)
it came to me in a dream ..
For swp1
that number ( 41,250 ) is from the great number place in
the sky ....
that also gave us "e" and "pi"

(Sun Jul 26 1998 04:05 - ID#250121)
Disney's home for wayward girls gets an important addition to their library.

where do I send it?

(Sun Jul 26 1998 04:11 - ID#284255)
Worse Than Blackouts, Y2K Power Shortages

(Sun Jul 26 1998 04:25 - ID#250121)
Nick@cannaSeeus has down-graded to Windows 98. Is having trouble tossing his cookies? try emailing him kitco's URL plse.


Yes, it was Woody Guthrie's song: Pretty Boy Floyd, the Outlaw. Ry Cooder? liked him since Cool Water and his first instrumental vinyl.

(Sun Jul 26 1998 04:28 - ID#250121)
number heaven
and avogadro's number crusty?

(Sun Jul 26 1998 04:31 - ID#230376)
Old Dan and I, our throats burned dry...................

Youse guys down under rigged the quiz ! Good day from the chilly Midwest !!!

(Sun Jul 26 1998 04:32 - ID#373284)
grant, skinny, Hmmmmmmmmmmmmmmm
Just finishing an Arturo ( spelling ) Fuente number 7 ring, and putting the cork into a large bottle of a few moments...I shall be meeting friends, out into the boat and fishing...yes...heh...heh...heh...

(Sun Jul 26 1998 04:38 - ID#373284)
a privilege to know you both...taking a bite out of the Moon on the Island that is Long...peyote salads and madness this evening...

away to go fishing...My VERY best to ya!!!!!!!!!!!!!!!!!!!

(Sun Jul 26 1998 04:41 - ID#230376)
@ T1...

Please dont fall in the sound..........who would give "gulps" to posters@kitco ?

(Sun Jul 26 1998 04:45 - ID#250121)
Morning Eddie
cant stay long. It's still raining downunder, records broken ( and some albums ) all over the country...raining. raining. warm but raining

(Sun Jul 26 1998 05:04 - ID#230376)
@ Auracious

Mornin' dude, See if you can send some of that rain to Texas, will you? They haven't had any ( rain ) since March........bbl

(Sun Jul 26 1998 05:40 - ID#284255)
Email on the way.
Why's he downgrading????

Tis the last thing I would do at the moment.

(Sun Jul 26 1998 06:01 - ID#284255)
Breakfast wakeup.
Britain: Abject Failure to Deal With Y2K "Effectively"

(Sun Jul 26 1998 06:50 - ID#39862)
The first "cracks" appear..............

China to de-regulate Government controls on GOLD......

Opening the door to multi-national gold mining and exploration......

(Sun Jul 26 1998 06:53 - ID#252391)
Current scenorio?
Do I have this right now. The consensus is that we are headed for a crash in commosities the beginning of which we have seen. Down to say 150 on the CRB from 200 now, gold at about 250-260, oil at $9 as Ais lead by Japan yen at 160+ curtails demand. Looking at the charts I starting to become a believer. Watch out below next week.

(Sun Jul 26 1998 07:03 - ID#284255)
How to protect with GOLD inexpensively

(Sun Jul 26 1998 07:15 - ID#288369)
@surfing the faulted plane.....................
I, studio, hereby predict a massive and destructive earthquake in southern to central California running from Brawley, through Riverside on up to Gilroy. This tragedy will occur between Aug.15 and Sept. 23.
There is nothing that can be done, other than to worry and wait.
I can make no other comment on this. nostrastudio.

(Sun Jul 26 1998 07:17 - ID#39862)
The BIG LIE...............Gold is dead........

"Capitalism has only one goal: the increasing of a pot of gold into a larger pot of gold."

"If a Big Lie is repeated often enough, as the Nazis proved, people believe it."

(Sun Jul 26 1998 08:35 - ID#242325)
Jims: the bottom in gold and commodities probably is much nearer than you opine. Gold perhaps $275, CRB a bit south of 200. Yen may already have troughed. The fact that bonds rallied only slightly last week despite the drops in stock and commodities prices is very significant

Mtn Bear (SE)
(Sun Jul 26 1998 08:45 - ID#347267)
Morgan@23:13 last evening
Sorry bout late reply, had to catch some ZZZZ's. Re your question: Not my writing!! Was quoting Bill Fleckenstein ( who has been bearish on the stock market for awhile ) . Seems to have some common sense. I exerpted from an article posted by someone ( forget who ) earlier. Look at:
Re Pan American Silver: look at http://
Best Regards; Mtn Bear
Note: Could not get the url's to post; delete the space between the http:// and the next character.

(Sun Jul 26 1998 08:48 - ID#411112)
Haggis...Thank you Sir...that not only is a bookmark I'll add it to my web page


(Sun Jul 26 1998 09:02 - ID#273432)
Mtn Bear

Don't forget

You can get a package of analyst's reports from this website with a great deal of good information on silver and silver mining companies. Mine arrived in about 3 days.

(Sun Jul 26 1998 09:25 - ID#286230)
Chips may be the problem--along with inertia.

LS/2000, the DRI Legasys Group's proven Y2K solution, sets the industry standard for automated Year 2000 source code analysis and conversion for systems written in COBOL,RPG and PL/I.

Using our unique Year 2000 "hot spot" strategy, LS/2000 accurately points out exactly those few lines in each program that may be Year 2000 sensitive, and automatically reprograms them to be Year 2000 ready in the style and implementation that you choose."

(Sun Jul 26 1998 09:48 - ID#288369)
@the new Island that is Longest (the Island of California)............
will be separated from the rest of the state by the Bay of California ( so named by Gov. Jerry Brown and two of his ol' drinking buddies ) . No gold mining will be allowed on this newly created resort-oriented island. Property now elevated above the soon-to-sink onion fields will be almost priceless after the great crack. In the 22nd century, war will break out between California and the Island O' California. This will be a tax revolt. The revolutionary leader will have the name of Jimenez.

(Sun Jul 26 1998 10:22 - ID#43460)
Aurator, was it Pete Seeger?
He wrote stuff like that.

(Sun Jul 26 1998 10:24 - ID#411440)
@ Gollom, OLD GOLD: some thoughts on the silver market:
1. The 1929 crash devastated silver prices, which expired for the
duration of the hungry thirties. ( Silver is an industrial commodity. )

2. Silver lease rates render the silver carry trade uneconomic, so
the present market is a product of supply and demand fundamentals.

3. On Friday, both silver and gold were shorted within minutes of
each other driving silver down 10 cents ( 1.7% ) and gold down
( 1.2% ) . This suggests that both were shorted by the same parties.

If we accept the 3 above statements, is it possible that those funds
who are holding massive short positions in silver ( and gold ) and
cannot cover, may be shorting these metals ( with near term losses )
hoping to retard the silver bull until a DOW crash throws the
world economy into another depression? The depression kills the
silver demamd, and the shorts never have to cover except at depression
prices. Here short term losses are better than defaults and bakruptcy.

Gold and silver stocks have lagged change in the spot prices of metals
of late. Could it be that the equity investor has finally realized
that the metal markets are totally manipulated, and can no longer be
interpreted at face value? After all, if I was an equity investor,
and I realized that from day to day, the spot price was only the
function of a huge conflict between shorts ( staving off bankruptcy ) and
longs who were trying to buy silver as cheaply as they could, wouldn't
I be wise to wait to see who won the conflict? Waiting to buy
reduces the demand for pm equities, and places them at risk to
selling off by mutual funds who are forced to sell by redemption
pressures. The result is low volumes and slipping prices for pm
stocks, even as the US$ and bonds slide.

If I had realized two years ago, how totally artificial was the pm
market place, I would never have invested a dime in pms! The problem
is, the pattern of equity purchases suggests that more and more
the sophisticated investor now realizes what a scam this market is
and that gold investing should be left to the insiders.

(Sun Jul 26 1998 10:37 - ID#288369)

(Sun Jul 26 1998 10:54 - ID#368244)
Studio R

Now this guy was the original GOLD BUG, had to be, listen to him sing the blues.

(Sun Jul 26 1998 11:10 - ID#113316)
RHODY: I would think you could only manipulate a market by the use of financial instruments as long as there is a sufficient physical supply of the commodity. If there is a true shortage of the commodity ( from new production and existing stocks ) , then the market must respond to either increase the supply or decrease the demand. Price, of course, is the mechanism to accomplish this.

In the case of the POS, if we look at existing stocks that are available, we are at the doorstep of an actual shortage in physical supply. IMHO, we could see a spike in the POS at any time not unlike the one we have seen in Palladium.

(Sun Jul 26 1998 11:28 - ID#207145)
Perhaps less manipulation
And more deflation. Maybe unloved is the key word here. Most feel it is not worth the investment. What a sorrowful state. Consider this: it may take 12 years for Asia to get well. Inflation, no not really.

(Sun Jul 26 1998 11:31 - ID#207145)
Hope for fall rally: Oil, Gold
Cold winter, shortage of natural gas. Energy could improve in Oct, Nov.
And thusly Gold. It is a resonable HOPE.

(Sun Jul 26 1998 11:31 - ID#288369)
@Isure...of what?
Hank had the ability to glimpse into the bottom of a glass and foretell the future. you and me, too. top o' da mornin' to YA! 104@10:00p.m. last night.....86@6:00.this.morn WOW!!! unheardof...80 year old farmer told me yesterday that he had never seen it this bad. damn hot ( and dry ) .

(Sun Jul 26 1998 11:38 - ID#373284)
STUDIO_R, Namaste' I am never again watching the old man in the sea...not one
nibble, a kid next to me on the boat kept pulling in fish like they were free...aghhhhhhhhhhhhhhhhhhhhhhhhh...

(Sun Jul 26 1998 11:40 - ID#207145)
Surfin USA
Chuch berry penned the song. It is "Sweet Little Sixteen". "All over Lajolla, and down Dohini way, everybody's gone surfin Sweet Little Sixteen. Carl Wilson could really pick those Chuck Berry licks. Take the edges off.

(Sun Jul 26 1998 11:41 - ID#147201)
Silverbaron re silver
I'm not big on silver, just casually watching to keep up to date. Your URL here -- did the info you got appear to be worth it??

(Sun Jul 26 1998 11:42 - ID#288369)
@T#1........was that earnest lemmingway you saw?
Have the striped marlin moved out da Sound of the Island that is Long? Try the patron jig.

(Sun Jul 26 1998 11:45 - ID#207145)
"Rock music"s gone down hill
Ever since Buddy Holly died". American Graffiti. Buddy Holly played the Appolo theatre in New York. The man had soul. It was well hidden under the horned rims.

(Sun Jul 26 1998 11:47 - ID#207145)
How to cure hiccups?
Unless you're Buddy Holly. Loved the guy.

(Sun Jul 26 1998 11:48 - ID#288369)
@The Big Blooper................
Rock'n'roll means good sex.......not muzac. it hasn't changed.

(Sun Jul 26 1998 11:52 - ID#207145)
10-4 good buddy, and nobody knows that better than you. Music man.
Gulps to ya! Is there an oil curse goin on here or what?

(Sun Jul 26 1998 11:53 - ID#147201)
STUDIO.R re surfing
I have a friend set up to monitor some of the area in central Ca. He is trying for precursor signals. If he gets any, I'll let you know. Good luck, Charlie

(Sun Jul 26 1998 11:54 - ID#207145)
Gone to catch Louis R.
Got that Davis boy from N.Y. Venture fund. Remember Shelby? Smart. His name in Chris.

John Disney__A
(Sun Jul 26 1998 11:56 - ID#24135)
Back off ..
I already won that prize ... and
pete seeger was a pale red imitation
of the REAL writer .. woody guthrie.
My wayward girls' eyes are watering
for that book .. if'n only they could

(Sun Jul 26 1998 11:57 - ID#288369)
@b.b. blooper......
The God of Hydrocarbons, Oilcannus, is very displeased...he demands an unreasonably large sacrifice........this will hurt me more than you....pard!.....G&P to YA!!!!!

John Disney__A
(Sun Jul 26 1998 11:59 - ID#24135)
Avagadro .. Avagadro..
salty ..
Didnt he play for the Giants ..
Old Number 34 ??

(Sun Jul 26 1998 12:01 - ID#28994)
You state in your 4.32 that you recorked a bottle of Tequila.
Have you never been told that the cork is for shipping purposes only.
Once the bottle is open it is to be consumed and the cork destroyed.
I will forgive you but just this once.

(Sun Jul 26 1998 12:04 - ID#288369)
When my first prediction from my first "coltrane" comes to fruition....I plan on taking me public....a hot IPO ( idiot-predicted-occurrence ) . G&P to YA!!! keep me posted on the shakin' due to bakin'.

(Sun Jul 26 1998 12:10 - ID#147201)
STUDIO.R "coltrane"
I liked the post, but what the hell is "coltrane"?

(Sun Jul 26 1998 12:14 - ID#368244)

Alas! Gold seems to have gone the way of great music---just a forgotten symbol of a time and an era gone by. Hail to the New World Order and ROR! In a society where those who work support those who lay up on their collective arses like a golden hog basking in the sun, let the second millennium begin.

(Sun Jul 26 1998 12:14 - ID#288369)
I don't version of quatrain...but worse.

(Sun Jul 26 1998 12:16 - ID#147201)
goldfevr your 7/25 @ 16:12
Thanx for the post and comments. I don't really hate silver. As you say it is a "necessity" as corollary to gold in smaller denominations. The time I am referring to would be when currency becomes obvious to the public that it falling ever faster in relation to the same product. I would appreciate some of the more pertinent URL,s you found. Many thanx, Charlie

(Sun Jul 26 1998 12:23 - ID#402131)
I have been burned by the gold insiders like all the rest of us here.
One thing I have tried to keep in mind is that those that have been playing with the price of gold and silver must have a plan to make money at some point on the long side. How much lower can they push the price below the cost of production? Supply will have to drop due to mines closing. Its too late for me to get out now so I just wait and wait and WAIT.

(Sun Jul 26 1998 12:26 - ID#373284)
STUDIO_R, Namaste' distraught be me...Hmmmmmmmmm...oh well...the kindred
souls humbled me with their compassion for my condition...good folks one and all...thank God littles from England arrive this evening to lift my spirits...todays word...wallow....aghhhhhhhhhhhhhhhhhhhhhhhhhh...

And a gulp to ya my friend...when in doubt...drink heavily...

Oh yeah, I think today I get the sombreros...things are looking up...yes...into the rush...chin up...IT IS A WONDEFUL LIFE...


and what song puts Eichmen and Hemmingway in the same line ...heh...heh...heh

(Sun Jul 26 1998 12:27 - ID#288369)
@.........drum rrroooooooolllllll....(rimshot) (rimshot) (rimshot) (scream!)
ooooowwwwwoooooooooooooooooolllllllllll! Now, it my great privilege to introduce to you kitcos.....The Studio First Law of the Milky Way, and beyond.........

1. The Law of Hope.

At the same moment that a HOPE is created, concurrent and adverse universal conditions occur such that the chance for the hope to come true is reduced by a factor of exactly 1.56125.

thank you.

(Sun Jul 26 1998 12:27 - ID#431200)
august von finck
I will appreciate if somebody could provide informations or a site on August Von Finck the germain industrialist who is interested to increase his ownership of Homestake.The site could be in germain.Thanks

(Sun Jul 26 1998 12:28 - ID#207145)
Inagoddalavida .
What is that. In the gargen of Eden Baby? I remember that turned out badly for us guys. Takeabite. Takeabite. Dammit I said takeabite. OK. dear whatever you say. Oh no, Oh no.

(Sun Jul 26 1998 12:31 - ID#251166)
Dubai gold trade ponders new trading environment
09:04 a.m. Jul 26, 1998 Eastern

DUBAI, July 26 ( Reuters ) - Dubai, the world's prime gold re-export centre, has
taken time out to reassess its future strategy after losing ground in the key
Indian bullion market.

Bullion traders in the Gulf Arab emirate have seen sales to India ebb away after
New Delhi's decision to liberalise its gold market by allowing some banks and
agencies to buy their yellow metal direct from source, bypassing agents in

India -- the world's single largest consumer of gold -- accounted for some 80
percent of the 660 tonnes imported last year into Dubai, one of the seven
emirates that make up the United Arab Emirates.

As Indian direct imports from Switzerland, South Africa and Britain grow,
Dubai's imports have fallen to 244 tonnes in the first half of the year, down 20
percent on the same period in 1997, figures reported this week showed.

Imports hit a new low in June when they slumped to 24 tonnes, down 47
percent on the same month last year.

At current bullion prices, the tonnage equates to nearly $600 million in lost
business during the six-month period.

``Dubai's imports have gone down as a direct consequence of changes in India
but the Dubai trade is not going to sit and cry,'' one leading industry executive
said on Sunday.

A seasonal lull in Indian buying because of the monsoons and a slowdown in
retail sales in the emirate because of scorching summer temperatures has
allowed time to draw up business plans to revamp sales.

``New markets have to be found. India has been the mainstay of our business
for many years but it cannot be relied upon forever,'' the industry executive

Traders said that prime new markets would be nearby Iran, Pakistan, Egypt
and Lebanon, backed by strong marketing of a long-awaited Dubai hallmark
and an emphasis on small gold bars incorporated into jewellery pieces.

Dubai traders were also looking at increasing the local manufacture of the
benchmark ten tola ( TT ) bars, boosting the local gold recycling sector and
increasing the size of import consignments to cut import costs and stay

Even with these changes, traders said it would be unlikely that the emirate's
imports would recover this year to reach the record level of 660 tonnes
imported into Dubai last year.

Indian import demand is expected to stay subdued until the end of August or
early September when gold demand traditionally picks up because of the local
wedding and festival season.

Sellers were also putting faith in continuing economic uncertainty in India after
the United States imposed sanctions against the New Delhi government for
conducting nuclear tests in May.

``Whenever there is uncertainty the need for gold is more,'' said one observer of
the Dubai gold scene.

But bullion prices in Dubai continued to drift down in the week, in line with
softer international markets.

TT bars -- 3.746 ounces of 24-carat gold -- were assessed by traders at 4,030
dirhams ( $1,098 ) , down from 4,070 dirhams on July 19.

Spot international gold was last traded on Saturday at $291.20/$291.70 an
ounce, down from last week's $294.20/294.70 and the London Friday fix of

( $-3.67 dirhams )

(Sun Jul 26 1998 12:31 - ID#207145)
Now women are saying: Clintons all right
Take that apple and stick it where the sun don't shine.

(Sun Jul 26 1998 12:33 - ID#373284)
skinny, Namaste' and a most unique gulp from the Island that is Long to ya and yours...
This is news to me...I will inform the Gauchos of Cuervo Central and see what reaction such commentary brings...they are a feisty group...

I truly appreciate the clemency...compassion should rule every day...


(Sun Jul 26 1998 12:36 - ID#207145)
Clinton sat on sopeona for 10 days
Releases the news under the cover of capitol hill shootings. Hiding behind blood of officers.

(Sun Jul 26 1998 12:37 - ID#288369)
@T#1........papa y eichman? huh?
whooooo dat? Johnny Quatrain played vibes?......lionel hamp. move over.

(Sun Jul 26 1998 12:43 - ID#280214)
Regarding Silver and posts from Sharefin and Rhody
Sharefin - I think the rhetoric is twisted in the URL of your 03:28.
Walking_crow states: "more important in terms of contingency planning, it has been predicted we will see ( if things get bad, _if_ things get bad ) an inflation in prices of necessities, a deflation in prices of all else
( luxuries, non-necessities ) ."
This agrees with my premise in my posts of Tue Jul 14 1998 00:08 and Mon Jul 13 1998 23:05

Next he states: "It is likely in those circumstances we will see
a division in terms of currency quality. By that I mean non-necessities will be sold for FRN's or other fiat currency. Important stuff will be sold for specie, gold and silver coin, not for fiat currency."
This I do not understand. Common folk will NOT have much in PMs to trade with. Only those affluent enough or wise enough to have squirreled away PMs would be able to use them for trade and the affluent could maybe still buy non-necessities.

Then he states: "IOW, we will inevitably get a deflation, because a silver dollar will be then worth -- a dollar. A half will be worth -- $.50. A dime will be worth -- $.10. Face value will control."

I don't get it. From his first premise I read that groceries would be going for big bucks This I agree with except that the unemployed won't have much money so the inflation may not persist beyond the first flush of capital fleeing stocks, etc. into material & survival goods. There will be such a demand for paper money that more will be printed and a loaf of bread may cost $100 in paper.\

Rhody's post has Silver deflating due to collapse in demand for it.
Perhaps that is where the 50cent piece would be worth 50cents in fiat but that, if combined with general inflation, would make Silver darn near worthless ( as Rhody states in his first sentence ) .

So why do I buy Silver? - To resell it retail to the common folk wanting souvenirs or to invest a little in PMs - just in case. Perhaps given the dismal state of Gold investing ( as per Rhody's last paragraph ) we should also unload our Gold to that very same market. This strategy may pay off because if we all turn into retailers of Gold & Silver to every friend, neighbor, acquaintance and, in my case, walk-in shoppers - then maybe we could get enough Gold & Silver into enough pockets that it could be used for trade after the collapse. This would sustain the demand for both Gold & Silver and forestall a collapse in their prices - especially that of Silver.
Regarding Gold and its dismal returns ( except for those trading small ups & downs - in which case they don't buy physical to do it with anyway )
Reselling an ounce or less for a 10% to 20% premium to the above market could result in a 100% return if you turned your inventory once each month or so. The ROI would depend on how honest you are with yourself regarding Gold & Silver held for resale or as private stocks withheld and perhaps buried in the back yard.

Kitcoites all: Is my rhetoric twisted too?
( The Southern Comfort has worn off but I do need some more coffee. )

(Sun Jul 26 1998 12:44 - ID#273432)
chas @ PAASF information

Worth it???? Well it didn't cost anything, so how could it be otherwise. For sure better than the 10 flyers I get about every day advertising this or that newsletter....

Seriously, though - Yes......there are some good research reports there, including some pricing models for PAASF that I thought very worth knowing about.

(Sun Jul 26 1998 12:50 - ID#288369)
@more Kitcoso JD knows................
Incomparable technique........

(Sun Jul 26 1998 13:00 - ID#340344)
Coltrane, Coltrain
Must have been Freudian slip. Or, cleverly added to the discussion
of musicians. Johnny Coltrain, I believe.

(Sun Jul 26 1998 13:01 - ID#288369)
@uno mas y I'll shut it up............101 cont.
I know you know, but.....

(Sun Jul 26 1998 13:07 - ID#288369)
@sooo sorry, baby......just one more time...uhuhuh....101.5..
da bird..

(Sun Jul 26 1998 13:29 - ID#373284)
STUDIO_R, Namaste' and a most fine gulp from the Island that is Long to you and
your wonderful family...alright, enough of the niceties...c'mon pal... a song from one of the Island's most noble souls...maybe it can be said the MOST noble...truly, one of the BIG DOGS...yes, one of the BIG DOGS...


Harry Truman, Doris Day, Red China
Johhny Ray
South Pacific, Walter Winchelll, Joe
Joe McCarthy, Richard Nixon, Studebaker,
North Korea, South Korea, Marilyn Monroe
Rosenburgs, H Bomb, Sugar Ray,
Brando, The King And I, and the Catcher In
The Rye
Eisenhower, Vaccine, England's got a new
Maciano, Leberace, Santayana goodbye
We didn't start the fire
It was always burning
Since the world's been turning
We didn't start the fire
No we didn't light it
But we tried to fight it
Joseph Stalin, Malenkov, Nasser and
Rockefeller, Campanella, Communist Block
Roy Cohn, Juan Peron, Toscanini, Dancron
Dien Bien Phu Falls, Rock Around The Clock
Einstein, James Dean, Brooklyn's got a
winning team
Davy Crockett, Pete Pan, Elvis Presley,
Bardot, Budapest, Alabama, Khrushchev
Princess Grace, Peyton Place, Trouble in
the Suez
We didn't start the fire
It was always burning
Since the world's been turning
We didn't start the fire
No, We didn't light it
But we tried to fight it
Little Rock, Pasternak, Mickey Mantle,
Sputnik, Chou En-Lai, Bridge on the River
Lebanon, Charles de Gaulle, California
Starkweather, Homicide, Children of
Buddy Holly, Ben Hur, Space Monkey,
Hula Hoops, Castro, Edsel is a no-go
U2, Syngman Rhee, payola and
Chubby Checker, Psycho, Belgians in the
We didn't start the fire
It was always burning
Since the world's been turning
We didn't start the fire
No we didn't light it
But we tried to fight it
Hemingway, Eichman, Stranger in a
Strange Land
Dylan, Berlin, Bay of Pigs invasion
Lawrence of Arabia, British Beetlemania
Ole Miss, John Glenn, Liston beats

and like that, another magnificent gulp to ya and your's from the Island that is Long...

(Sun Jul 26 1998 13:32 - ID#368244)
Wonder what happened to these guys?

(Sun Jul 26 1998 13:39 - ID#433172)
I agree S.S. is a rich get richer and poor get poorer tax system

(Sun Jul 26 1998 13:50 - ID#432112)
OK George...Why? Beacause there is a Dollar Cap?
Social Security has done more for the poor than an other program devised.

(Sun Jul 26 1998 13:54 - ID#373284)
STUDIO_R, Namaste' charley P. nice touch, but the big man himself who cranked
the sax...c'mon now...who was the big man himself, the big dog...Me Buckwheat and Stymie are going to have to make a trip to the O'tay coral and settle this once and for all....................

(Sun Jul 26 1998 13:57 - ID#147201)
Squirrel re Sharefin URL
Do you mean 3:28 or 3:48?

(Sun Jul 26 1998 13:57 - ID#340344)
ROFL, ROFL... In Avogadro's final year with the giants, and
by the way, back then giants were about 5'10", he hit 1.56125,
thus ending his career of diamond-running. %^ )

I think Von Finck is more germain to this site, but he may be a
little Austrian, or a Swiss giant. I don't know if he is a
team player, but rumor has it that he is in his golden years.
Whereas Soros not only plays on a team, but also the stitchery on
his Jersey reads the same forwards and back. ( And almost the same
when he is standing on his head. ) What nationality is "Whereas?"

(Sun Jul 26 1998 14:02 - ID#253246)
@Silverbaron****************PAASF financing Rusian silver project


Financing the Rusian silver project is going to take alot of $$$$ and
I was wondering if you read on any of the reports that you obtained
did anyone takes a stab a putting a price on what their share
of the Tres Cruces gold deposit is worth. In their anual report
they mention 2 million oz of gold with more drilling to be done.

The only person that I hearI even mention Tres Cruces is W.Fleckenstein
and obviously he works for them. I never see any of the newsletter
writers even acknolwledge Pan American Gold deposit in Peru.
All the infracture to exploit this is already in place right next to
their "q" mine. In their anul report they mention that they plan
the sell this gold deposit and have stated that they have had
several senoirs looking at the property.

The management of PAASF is way ahead of the game compared
to Quatermain at Silver Standard.

(Sun Jul 26 1998 14:18 - ID#147201)
Silverbaron your reply
Thanx. That was what I was looking for. Much obliged

(Sun Jul 26 1998 14:28 - ID#287186)
Chas - re small coins & bimetallism
I agree that bimetallism introduces risks of imbalance.
But for small change ( under 10 GG ) Silver is the only choice.
Is it weight or size the mint is limited to?
A 10-grain Gold coin would be 33 cubic millimeters and thus
could be about 1 centimeter in diameter and 0.43 mm thick.
A 5-grain Silver coin could be 1 cm by 0.39mm thick.
For the purposes of comparison only...
The above Gold coin = US$6 and the Silver coin = US 6 cents.
The upper end of convenient Silver coins is 1 ounce which,
at today's POS, is about US$6 - the same as a 10 GG coin.
All such coins would have no denomination stamped on them.
They would be denominated only in the weight of Gold or Silver.

The 10-grain Gold is far more portable in larger quantities.
At today's G/S ratio coins of pure Silver or Gold would work.
But if the POG should go up and the POS down - a gap would open
which Gold would be too small to fill and Silver too large.
A bimetallic coin like the Canadian 2 dollar may cover this gap.
A Gold/Silver coin would be a beautiful transition piece.
If 0.5mm thick with a 5-grain Gold core 6.5 mm in diameter, such
a coin could be over 1 cm in diameter to be more easily mintable.
The surrounding Silver would be essentially worthless compared to
the Gold core it carries. But Silver would be far more appropriate
than a base metal carrier. It also would make a beautiful coin!

P.S. Aurator - Avogadro's number is 6.02 x 10^23.
( for those wondering what this is about -
the above is the number of atoms in a gram atomic or molecular weight
which for Gold is 196.967 grams )
A grain is 1/480th of a troy ounce and = 0.0648 grams.
A Gold grain = approximately 200 quintillion ( 200 x 10^18 ) atoms of Gold
( Question for those in British-derived nations -
Do you still use the term "trillion" for 10^18? )

(Sun Jul 26 1998 14:29 - ID#26793)
Just saw your question of last night. Sorry for the delay in responding. Yes. I think you can have serious deflation in the prices of big ticket items such as houses, cars, businesses etc. Things that are traditionally purchased with credit and can be postponed. While that is happening there could be inflation in food, fuel, etc; things you need now and are not generally available due to the disruption in the economy.

(Sun Jul 26 1998 14:29 - ID#432112)
AP reports Capitol shooter Russell Weston complained that...
"...federal officials sprinkled his Montana property with land mines."

(Sun Jul 26 1998 14:31 - ID#287186)
chas - it was supposed to be 03:48 for Sharefin's post
Told you I needed more coffee!

(Sun Jul 26 1998 14:32 - ID#266105)
South African earnings this week

MONDAY: Gold Fields will add its June quarterly results
to recent reports from other major groups. Crown
Consolidated Gold Recoveries and Durban Roodepoort
Deep June quarterly results are also due for release today.

Tuesday's offerings are from JCI Gold units Western
Areas and Randfontein Estates. Avgold reports on
Wednesday. Randgold Resources comes with its June
figures on Friday.

(Sun Jul 26 1998 14:53 - ID#288369)
@T#1....apologize for bbq delay of game.............yum yum............
I have heard of a boots'man who blew the sax and, er, a stan'man getz........uhuhuh and sa sa sooooooooo on from da fam...yes...great crowds await you and your ride here@otay. yippeeeayoae!!! I call your billy@joel and raise you one bob@dylan.

(Sun Jul 26 1998 15:08 - ID#233199)

Bob Dylan ( Zimmerman )

(Sun Jul 26 1998 15:16 - ID#43349)
Your points regarding silver this morning are well taken. Silver does react much like the industrial commodity it is, but at times it also behaves like the little brother to gold it also is.

Silver is not a buy and hold investment. It is not for the faint of heart. On the other hand it is getting into the area of short supply that Warren Buffet has based his decision upon. As such it will come to be dominated by supply/demand figures rather than the day to day manipulations we still see in something like gold.

However, no matter how high silver might go in the intermediate term, it will not be able to hold at those heights. If demand does not wane because of a lax or even collapsing economy then supply will zoom because of high prices. And of course at some level Mr Buffet as well as other holders of large amounts will decide it's time to cash in.

Even though the risks are high however, so can the rewards be if one is skillfull enough and lucky enough to avoid the pitfalls. And those rewards ( or losses ) will be forthcoming much sooner than one might have to wait in the gold market.

It all kind of depends on the time frame one is working to. I can see a time of reckoning approaching in a fundamental way in silver. The end of the tunnel for gold from a fundamental standpoint still seems too far off to be able to see if there is much light there yet.

We will watch thsi silver market now together, yes?

(Sun Jul 26 1998 15:19 - ID#147201)
Squirrel re yours
Got a bunch to correlate here. I'll be back later, thanx. Charlie

(Sun Jul 26 1998 15:46 - ID#195260)
2BR02B? S.A. Quarterly reports
Where do you get that information? I've been looking for report dates for months. Do you know ex-dividend dates also?

(Sun Jul 26 1998 16:11 - ID#266105)
He not busy being born. Is busy dying. -- his bobness

Kuston-- local newspaper site.

(Sun Jul 26 1998 16:14 - ID#251166)
@ Gollum, Silverbugs
My ( idiosyncratically calculated ) charts point to a high of $7.75 - $7.97 around August 21.

(Sun Jul 26 1998 16:43 - ID#233199)
Make that Woodie Guthrie ( I shouldn't have jumped so fast )

(Sun Jul 26 1998 16:47 - ID#287186)
Chas - For a look at the Canadian bi-metallic $2 coin

Great idea - if they had made it Gold/Silver for circulation
instead of base metals - for details see:

History of recent Canadian coinage is to be found at:
January 26, 1996
"The Royal Canadian Mint unveils the circulating bimetallic $2 coin,
and a special collector coin...
The special collector coin has a gold inner core,
and white gold outer ring."

(Sun Jul 26 1998 17:17 - ID#335190)
Federal Agents (Bank of Canada Lackey's for IMF & FRB) @ CLC-LABOUR #1 POLICEMAN over Labour-Sellout
July 26, 1998

Canadian monetary policy: don't just do something, sit there

TORONTO ( CP ) -- Federal agents are locked in an eyeball-to-eyeball stalemate with the world's fickle financial markets as part of a top-secret plan to cushion the blow of a global economic crisis.

In the old days, current MCI levels would have had the bank raising rates "with both barrels," Mullins said. But with Asia and Japan wreaking havoc in world markets and Canada's own economy showing signs of slowing, the bank doesn't seem to be paying attention.

And on Friday, Canadian Labor Congress president Bob White lauded the bank for a policy he said is designed to create jobs and income growth.

"For once the Bank of Canada has got it right," White said in a statement. "It would be a profound mistake to attempt to prop up the dollar through higher interest rates which could well plunge us back into a recession."

(Sun Jul 26 1998 17:23 - ID#411440)
@ Gollum: yes, we shall indeed watch this silver market together.
I agree the fundamentals are very strong for silver, but my concern is
whether we can squeeze a silver boom in between now and the next
As far as gold being a far more long term item, I wonder.
I suspect that the launch of the EURO in Jan 1999, only 5 months
away will see a change in the leasing policy of European CBs and
a related drop in leased gold availability. This is becasue in
Jan. 1999, the Europeans will have a vested interest in seeing the
POG rise, not fall, as they attempt to magnify the strength of a
10-20% gold-backed currency. The USdollar is already in distribution.

(Sun Jul 26 1998 17:26 - ID#335190)
Tricks - Trickery - Trickster's @ The Game of debts = wealth, EH!
July 26, 1998

Is it a new era in stocks?

NEW YORK ( AP ) -- If you understand the two major conflicting views of the stock market, you may be able to sympathize with those whose job it is to anticipate the direction of prices.

The contradictory evidence is enough to split the personality of a genius, which your broker probably is not, or even the most philosophically well-grounded individual of your acquaintance.

Over here, so to speak, you have an assortment of evidence that Wall Street stocks are grossly overpriced. So much evidence, in fact, that you can pick and choose from a grab-bag of ratios and norms that have been exceeded.

In other words, the current rise exceeds by close to 60 per cent the previous postwar high, an astonishing dimension that in itself some market historians would term an aberration.

We are, it relates, "in that euphoric stage where success fosters complacency and greed, and today's excesses may have to be paid for eventually."

(Sun Jul 26 1998 17:35 - ID#411440)
@ Rack: yes we do seem to be in the same boat, locked in to
a pm market that begins to defy reason. If we finally get back to
break even on a couple of my golds, the market will treated me not
too badly. I made money on techies, but any idiot can do that.
Making money on pms takes a genius, or an insider.

(Sun Jul 26 1998 17:36 - ID#287114)
6 Pac
Winston Churchill ( my hero ) said, the biggest crime agaist the working man is the factory not making a profit.
I recall many years ago that left wing waco union leader saying profits are a dirty word. ( Bob White )
Winston Churchill was a very smart man.

(Sun Jul 26 1998 17:37 - ID#280214)
If the Canadian $2 coin had been Gold/Silver
Its 28mm diameter and 17mm core, at 2.3mm thick
( thicker than the circulating base metal version )
would have contained about US$100 in Gold & Silver
162 gn of Gold = US$97, 151 gn of Silver = US$1.83.
A New Zealand $100 coin would be 2 cm in diameter
with a 12mm Gold core and the same 2.3mm thickness.

Any such bimetallic coin, in order to employ the locking feature
of the Canadian $2 coin may need to be 1.6mm or more thick.
A 5-grain Gold core then may be 5mm diameter and 1.65mm thick
surrounded by 20 grains of Silver to yield an 11mm coin.
( worth about US$3.25 for comparison only )
Unfortunately - it may still be
infeasible to make such a bimetallic coin in such a small size.

So I guess the price of Silver must stay up and Gold down
so no gap occurs that pure one-metal PM coins can't cross.
Or if Gold goes up, then Silver tags along at least as quickly.
I like the latter option better. ( Or does Gold follow Silver? )

Enough already - I must tend to my real business - retailing.

(Sun Jul 26 1998 17:48 - ID#411440)
@ skinny: I agree with 6Pak. Raising interest rates in Canada
to support the CAN$ would only turn off the Canadian economy.
The problem is not a weak Can$, but an artificially high US$.
This 'problem' should fix itself as the DOW sells off, and
foreign money leaves the US. I doubt that the foreign
investors will rotate into American bonds, as they appear
to be weakening as well. So the foreign money will leave,
and the American dollar should decline on its own. The reason
the FRB has been talking to the BOC is that a round of
significant interest rate hikes here ( 2% would be needed ) would
precipitate a competative round of rate hikes in the US, and
I can't believe that the FRB wants that! IMHO

(Sun Jul 26 1998 17:55 - ID#411440)
@ Gollum: some further thoughts on silver: I have heard that
the Ballard fuel cell system relies on a silver battery recharging
system. If this is true, and the Ballard system replaces the
internal combustion engine, then silver may indeed be in the
same league as platinum. So we shall watch this silver market
together, both short and long term.

(Sun Jul 26 1998 18:03 - ID#287114)

( you heard it here first ) One of the first large uses of the Ballard fuel cell will be for electic generating plants in the Canadian North.
Of course they will be government subsidised.

(Sun Jul 26 1998 18:22 - ID#411440)
@ skinny: yes I did. Thank you. My concern was that Gollum
may not have been posting or lurking when you ( ? ) first posted
the info about the silver lining of the Ballard Fuel system.

Maybe in 5 or 6 years, after the depression, Ballard may actually
get into production.

(Sun Jul 26 1998 18:24 - ID#335190)
China & Russia @ Informal Talks ?? ( Nuclear - India - Pakistan - Kosovo - USofA - U.N. ??)
China, Russia Stress Accord on S. Asia,

BEIJING -- ( Reuters ) China and
Russia have underscored their
agreement on curbing the spread of
nuclear arms in South Asia and the
need to halt hostilities in Kosovo,
Russian Foreign Minister Yevgeny
Primakov ( pictured ) said on

Primakov, who held talks in Beijing on Wednesday and Thursday,
said he and the Chinese leadership agreed to press India and
Pakistan to unconditionally join the Comprehensive Nuclear Test
Ban Treaty and the Nuclear Non-proliferation Treaty.

"There are no differences between the positions of China and us over
the ( Kosovo ) issue, including inside the United Nations."

Asked why the two leaders would hold an "informal" summit rather
than a formal one, Primakov said the arrangement would "give us the
possibility to discuss very sensitive and highly complicated issues".
He did not elaborate.

Moscow and Beijing are keen to boost ties to offset the influence of
Washington in the region. ( ( c ) 1998 Reuters )

(Sun Jul 26 1998 18:39 - ID#335190)
OIL - Russia @ Russian Central Bank (Corp.) BIG DEAL eh!
The Central Bank on 24 July reduced its annual refinancing rate
from 80 percent to 60 percent. ITAR-TASS noted that it is the
ninth change in the benchmark rate since the beginning of the year.
In an effort to protect the ruble, the Central Bank raised the
refinancing rate from 28 percent to 42 percent in February, then
lowered it three times before recurring instability on financial
markets prompted two rate hikes in May, bringing the refinancing
rate to 150 percent. The bank lowered the rate to 60 percent in
early June but raised it to 80 percent three weeks later as the
sell-off of Russian securities continued. The first $4.8 billion
tranche of an $11.2 billion IMF loan will be used to bolster the
Central Bank's hard-currency reserves, which stood at $13.6
billion as of 17 July. LB

Kazakh Prime Minister Nurlan Balgimbayev told a meeting of
senior officials of the country's oil industry on 22 July that the
situation in the oil sector is "very serious," Interfax reported.
Balgimbayev said that "production is not competitive" and that
refineries in Pavlodar and Chimkent are "on the verge of grinding
to a halt." A government commission, headed by First Deputy
Prime Minister Uraz Jandosov, has been charged with helping the
country out of "its pre-crisis situation." BP

Azerbaijani President Heidar Aliev completed his five-day visit to
London on 23 July by signing three new agreements on the
exploitation of Caspian basin oil, Interfax reported. PG

The government has cut the list of state-owned companies that
may not be privatized in the near future from some 3,000 to 697,
ITAR-TASS reported on 23 July. The 2,300 companies removed
from the list of firms that produce goods of "strategic importance"
are to be sold, but no time frame for their sale has been
announced. The 697 enterprises that remain on the list span a wide
variety of industries and sectors, such as nuclear facilities,
weapons producers, health and medical facilities, metallurgy, oil
and chemical companies, communications enterprises, airports,
shipping lines and seaports, and Russian Public Television, the
Channel 1 broadcaster that is only 51 percent state-owned.
Opposition deputies in the Duma have denounced plans to shorten
the list of strategically important companies. LB

Speaking to journalists on 23 July, Seleznev also agreed with a
recent statement by oil companies warning that the government's
policies are influenced by international financial organizations and
could lead to social unrest ( see "RFE/RL Newsline," 22 and 23
July 1998 ) . He said leading oil industry executives "understand
perfectly" that loans from the IMF will not solve Russia's long-term
problems, Interfax reported. He also argued that heads of oil
companies know better than the president, prime minister, or
"anyone else what state the Russian economy is in." However,
Seleznev added that Russian policy should be shaped by the
legislative and executive branches, not by oligarchs, Interfax
reported. LB

(Sun Jul 26 1998 19:33 - ID#210127)
OK GOLLUM....Let's get this silver rally going again

I want to see it over $6.00 by the time I get up in the morning. OK!!

(Sun Jul 26 1998 19:36 - ID#210127)
SnP futures down 5 bucks...

What a way to start the week..

Go Gold...Go Silver...


(Sun Jul 26 1998 19:42 - ID#335190)
Russian State Duma,(dumat - to think) comfortable positions @ Think Tank for Progress.Communists EH!
World: Europe

Analysis: Who really runs

The Russian constitution ensures the president usually has the last word

The Russian parliament, which is dominated by communist
deputies, is yet again defying President Yeltsin - over a
tough new austerity plan. The BBC's Russian Affairs
Analyst, Stephen Dalziel, asks what this meeting says about
where power lies in Russia.

The Russian constitution which was adopted after a
nationwide referendum in December 1993 makes it quite clear
that in any dispute between the president and parliament, it is
ultimately the president who makes the final decision.

Duma no more than a think-tank

The lower house of the new parliament which came into being
at the same time as the new constitution was given the old
Russian name for a representative body, the State Duma.

But the word "duma" comes from the verb, "dumat", "to

And clearly President Yeltsin and many in his entourage
believe that the State Duma should be no more than a
thinking shop.

It can come up with suggestions for what the president and
the government should do, but it has no powers to force
them to act as it wishes.

The impotence of the Duma in
the face of presidential pressure
was never shown more clearly
than in the recent dispute over
the appointment of Mr Yeltsin's
choice of prime minister, Sergei
Kiriyenko. The Duma twice
refused to endorse Mr
Kiriyenko. But when it came to
the third vote, deputies knew
that another refusal would
probably result in President
Yeltsin exercising his
constitutional right, and
dissolving parliament.

The way in which the Duma caved in showed not only that
deputies did not want to lose their comfortable positions, but
that they acknowleged the ultimate power which the
president holds over them.

It has become increasingly clear that there is a group of
powerful businessmen who, though not elected
representatives of the people, have a strong say in the way
that Russia is run.

And ultimately it may prove that they even control the
president's strings, thus reducing the constitution to little
more than a legal nicety.

(Sun Jul 26 1998 19:46 - ID#317193)
So you think gold is a good investment? Maybe yes or maybe NO...
Gold as of 07/31/98 will be $320 or $285 to $270. I originally thought $285 would be the low but now see $270 as a possibility. I'm out of my long gold futures position and may short gold to $270's.

This week will either be a God-send or a nightmare. Cover your @ss. Be ready to jump either way. Not being on the wrong side of the next move is not a question of goldbuggery but of preserving your @ssets and capital. Go short if you must to counter any loss. At these price levels no loss or gain is not all bad. Wait for the up trend. Catching 1,000 pound boulders is not fun.

Protect yourselves...physical gold at this level is a must if your time line is more than one year. Falling markets are hazardous to your financial well-being. Gold is not in an up market...yet. Coming to a town near you soon...CHANGE! Wait for the up move.


(Sun Jul 26 1998 19:57 - ID#340344)
Part time
Anyone looking for a part-time biz, why not drop what you're
doing, move to Hawaii, and start trading PMs between the hours
of 14:45 and 18:00? As per the Kitco gold and silver charts,
there is currently a space between the words New York and
Sidney. Please don't interrupt my glee by reminding me of
after-hours ( access ) trading, etc. Thanks.

(Sun Jul 26 1998 19:58 - ID#43349)
Wait a minute. I need to get my positions set first. I thought we'd drop things a bit to get some good prices and then kick things off maybe 10:45 or so NY time tomorrow morning.

(Sun Jul 26 1998 20:04 - ID#335190)
Slow Evening eh! @ Pole results & Talk about legalization of marijuana (cannabis) 89% YES
Thursday, December 11, 1997 Published at 13:34 GMT

Talking Point

Should cannabis be legalised?

Your Reaction

Votes so far: 100%

Yes: 89%......No: 11%

The suffering my mother suffered while dying from cancer
would have been much fewer and far between had she had
access to legal prescribed Marijuana. It's prohibition is a
crime against the laws of god.
Melissa Raikos, USA

The hypocrisy of public policy with regards to soft drug use
should end. Nicotine and alcohol are "legal" highs despite
their proven dangers. Why not recognise the comparatively
benign nature of a drug used by millions of citizens around
the world? I'm sure our governments would enjoy the savings
in budget expenditures and new taxation income from
marijuana. The worst form of civil disobedience to be
expected from a recreational user? As opposed to the pub
brawls and broken shop windows caused by irresponsible
users of alcohol, the worst a marijuana user could do would
be to eat all the bar snacks!
P. Tosh, Canada

It's time to shift the cannabis paradigm, The general
population is with this issue, and the corporations and
governments will just have to ease up with their control
issues, and put more trust in the people!
Mark Bais, Canada

What we do with our own bodies that doesn't endanger the
lives of others is not the governments, nor anyone else's
The outragous claims that resulted in cannabis being made
illegal in most nations have been debunked. Its time to admit
that we were wrong in making it illegal, and stop the madness
of putting hundreds of thousands of people in jail for a
personal choice.
Dan DeVoe, USA

(Sun Jul 26 1998 20:10 - ID#43349)
Silver has some rather unique properties in an electronis oriented world.

As to whether we'd have time to aqueeze in a silver boom before the next depression, I think at least a small one.

Signs are Korea may have turned the corner, Japan will have bottomed out soon, and even if the US has to go thru the wringer yet, there is a pretty good chance the asian and other countries will be on the way back up by then. Major recessions are worse when all the countries are in synch. That doesn't appear to be the case here.

I also have my doubts y2k will be as bad as the worst doomsayers fear. As a matter of fact, I would plan on being ready to do a lot of buying
the first part of January. There may be a really good relief rally going then. The worst part, I think, of the Y2K crises will be the anticipation of it. Markets will be going even more down in the fall of '99 if they haven't already by then.

Still, if the world economy in general does deteriorate to any great extent ir will kill a lot of demand in silver.

A silver player will have to be adroit.

(Sun Jul 26 1998 20:13 - ID#28961)

I think the June 14th low is the key for your short-term projection. I'll go with something over 297 in the short term to get us going. We may not have long to wait.

Mike Sheller
(Sun Jul 26 1998 20:15 - ID#347447)
cannabis sativa
6pak: It should be long as nobody inhales. ( ;- )

(Sun Jul 26 1998 20:16 - ID#43349)
Here we go
Spot silver showing down about 1 and gold up 35 on the early overnight market so far. I think we are going to shape up nicely for the week.

(Sun Jul 26 1998 20:21 - ID#43349)
Jump of $2.85 in gold!! Either a Kitco glitch or we've got intervention or some damn thing.

Cage Rattler
(Sun Jul 26 1998 20:22 - ID#33182)
Nikkei down approx 120 points

(Sun Jul 26 1998 20:22 - ID#207145)
Bear to last
18 months? What do youse guys think?

(Sun Jul 26 1998 20:23 - ID#411112)
Maybe this is the week we see what the Clinton effect on the market will be...

remember the news that broke late
Friday..Clinton forced to appear before GJ...
....however the big AT&T merger could save
the market tomorrow

(Sun Jul 26 1998 20:24 - ID#207145)
Maby buy banks
In November 99? Buy some more in December.

(Sun Jul 26 1998 20:26 - ID#207145)
Is it a Merger? Or a collaboration.

(Sun Jul 26 1998 20:28 - ID#43349)
If the market crahses really deeply, you will not only be able to go long in banks, you will be able to take delivery on the physical.

(Sun Jul 26 1998 20:31 - ID#228128)
Shows gold at 295.30 and silver at 5.42

(Sun Jul 26 1998 20:31 - ID#207145)
By December 99 I expect a lot of whatever will have found it's way into the market, don't you. What will be left to "crash".

(Sun Jul 26 1998 20:32 - ID#430212)
gold's $2.85 upward spike
It has got to be a fluke. Gold has been the most undesired precious metal out there of late. Anybody know why the spike upward?????

(Sun Jul 26 1998 20:36 - ID#43349)
If it's like it was in '29 there will be a rush of dipsters after the initial crash and the vast majority will los it all in the second fall.

(Sun Jul 26 1998 20:37 - ID#207145)
Why the bad action in bonds
Or the failure to react slowing action in economy.

(Sun Jul 26 1998 20:37 - ID#317193)
Bart...could you fix the God-damn frames...this is getting OLD...THANKS

(Sun Jul 26 1998 20:37 - ID#28961)
remember how the gold stocks acted on Friday.

Barrick shows a nice 1,2 formation off the June 14th low and many the of precious metals indices and stocks are still showing positive divergences from the January lows and now as well from the June 14th low.

(Sun Jul 26 1998 20:38 - ID#43349)
What's going on???
Has war broke out? Has Rubin opened the intervention gates? Is someone having trouble rebooting their price monitoring servers?

(Sun Jul 26 1998 20:39 - ID#35049)
Y2K and timelines
The timing on gold might play out in ways no one has ever seen before. I'm reminded of an axample here in Charlotte. Seems a bright young newpaper guy had the vision to set up a web page for our region: Charlotte's Webb. It was a huge hit, such a hit he won a national award. About that time the county manager decided he wanted to get all the credit for the big success and started pushing this guy out of the small space he had been given in the downtown library so that he ( slim bag ) could take over... you know the technique... another author simply forgotten

My friend sent out a message on the net for help. The results shocked even my friend. The next day the manager was absolutety overwhelmed with E-Mial and phone calls. Very very embarassing!

Well, what's going to happen when Y2K hits its watershed? We have never seen the kind of highly integrated communications blitz that is possible with today's technology. The point is that all the bar graphs, research data and charts will probably go out the window once markets start to move. And more importantly there is no way to tell how soon it might happen. When I hear folks tell me "lots of time" and that we have "until after the first of the year" I really wonder. But then I could be just on edge because I'm busy trying to liquidate real estate in what feels like a closing window. I may be new to this metals business but it seems obvious that a serious person should be ready for some very very fast moves. From the Y2K perspective It's going to be about fear driving completely new technologies, not traditional trends and forces.

Bully Beef
(Sun Jul 26 1998 20:40 - ID#260119)
Gee Whiz.. with all this talk of pot ....
I hope Bart didn't inhale! That gold graph does look good but I don't believe it. The spin masters are doing their job and we are buying it. Everybody in the world knows the U.S. dollar is out of sync but it doesn't matter. The American Labourer is about to pay for the mistakes of their economic controllers. It is just a matter of time.Most of us in the world have already paid the price. Every dog has his day. I envy the US dollar and your hot economy. But I think something is rotten in the state of.... Gold maybe go down but it is tangible and worth something.
Jah Man! Jah Man! I hope you like jammin too.

(Sun Jul 26 1998 20:40 - ID#430212)
One more thought......
I predict this "gain" will be sold off by days end. Probably be down by the end of the trading day, at least that has been its norm. Think the worst and hope for the best.

Go Gold!!!

(Sun Jul 26 1998 20:40 - ID#207145)
You're expecting this Bear to last how long?

(Sun Jul 26 1998 20:41 - ID#402148)
Japanese are raising $Y cash...
which means sell USD bonds and stocks, but have to buy gold with proceeds to keep $Y from slumping against all other non-$USD currencies.


(Sun Jul 26 1998 20:41 - ID#411112)
Blooper...another sick mind I love it :-)


(Sun Jul 26 1998 20:41 - ID#317193)
Sheller...hope your treatment is working and you are able to come and go without...


(Sun Jul 26 1998 20:42 - ID#43349)
Which one? Equities? Commodities? Economy? Gold? Silver?

(Sun Jul 26 1998 20:44 - ID#207145)
It won't get past the Feds or Europe.

(Sun Jul 26 1998 20:45 - ID#432148)
Goldteck - August von Finck
I have used several search engines to try and run something down on the HM big buyer without too much success. Forbes had him on their 500 list at $4.5 billion as I recall and he is 68 I think I have read. I would sure like to know what he sees in Homestake to want 25% of it. I have written HM's CEO to ask what is going on with von Finck and is he going to get the seat or two on Board he has asked for? Awaiting answer which will probably be vague, if any. Interesting move in any event. If you know anything further would appreciate if you would share.

(Sun Jul 26 1998 20:45 - ID#207145)

(Sun Jul 26 1998 20:47 - ID#207145)
Thanks, I figured as much. So did Jimmy Rodgers.

(Sun Jul 26 1998 20:48 - ID#28961)
T-bonds ---- Gold ----- Yen joined at the hip right now

Go Hopefull, Go Gollum

Bully Beef
(Sun Jul 26 1998 20:49 - ID#260119)
F the dips buy gold!!!!
This comment by a loser Gold bug. Nothing should be taken seriously by him except except his capacity to hold onto his convictions even tho obviously wrong. You know a gold rally would kind of make my day.

(Sun Jul 26 1998 20:51 - ID#43460)
Dick and Jane, its 9 oclock. Do you know where Spot is?
See Spot Run.

(Sun Jul 26 1998 20:52 - ID#287223)
undesirable conduct
TomYoung: I personally resent your using The Lord's name in vain on this forum. Please refrain from such conduct in the future. As to Bart's incorrect graphs...what did you pay to be here, or to view the graphs? We are Bart's guests...we need to act as such.

(Sun Jul 26 1998 20:53 - ID#206358)
NIKKIE DOWN -205.20,ERR...!,please!
please show the address ( URL ) of JIMMY RODGER,THANKS!
Beautiful monday.....!Though...xxxxxx

(Sun Jul 26 1998 20:53 - ID#43349)
Assuming we are seeing the begining of the bear market now, which is probably true but I would like to see it confirm for another week or so, the bear market will most likely last for one to three years depending on how many banks and brokerage houses go belly up. I am kind of an optimist so I am inclined toward the short end.

Say down hard for six months, waffle around for another six. By this time next year the economy showing signs of recovery but the equities markets held down by Y2K fears. Big rally in January into February.

(Sun Jul 26 1998 20:55 - ID#411112)
Blooper ...I thought you were coming from the conspiracy side....every time we expect the Dow to

tank another merger is announced ......I
think this story on Clinton is BIG news round
the world....the WH got news of the subpoena
Wed or Thursday but released it after the
shooting Friday add to that Greek officials
on Friday made a public statement that
Clinton is a liar...throw in Russia,asia
tonite who knows brother...but when this
thing lets go its going to be ugly

(Sun Jul 26 1998 20:56 - ID#346404)
up and down, round and round...

Japan Nikkei 225^N225 8:54PM 16165.13 -196.76 -1.20%

Where it stops, nobody knows...

Bully Beef
(Sun Jul 26 1998 20:57 - ID#260119)
Barts graph right or wrong?
Anybody? Especially if Japan is tanking ? Curiouser and curiouser.

(Sun Jul 26 1998 20:58 - ID#207145)
He can't fool the rest of the world. Only journalists and soccer moms.
Clinton is in deep trouble.

(Sun Jul 26 1998 21:02 - ID#43349)
@Bully Beef
It's got to be a Bart glitch. The Yen is down. On the other hand, IDT's post has ABCNET seemingly confirming ( they probably got it from Bart ) .

Besides, I don't have any big gold rallys scheduled until the middle of the week.

(Sun Jul 26 1998 21:02 - ID#189268)
Gold Prices shows August gold bid $291.10 ask $291.20 last @ $291.20 which is unchanged from Friday's Comex close.

(Sun Jul 26 1998 21:02 - ID#207145)
They may have to sell an awful lot of bonds to keep their as*es afloat.

(Sun Jul 26 1998 21:03 - ID#28961)
Too soon for Japan to swoon....

The June 14th-15th intervention was significant for many indices and stocks that have connections to Asia. The Nikkei broke the downtrend line of the last year. Still needs to work its way higher. Major resistance line at 18500-19200.

(Sun Jul 26 1998 21:06 - ID#207145)
Bonzai Rubin
Where are you when Japan needs you?

(Sun Jul 26 1998 21:06 - ID#43349)
I'm going to go watch X Files reruns
Maybe there'll be some better data later. See ya in a while.

(Sun Jul 26 1998 21:08 - ID#433172)
Thanks for the answer. True, S.S. has done more for the poor than any other system. The trouble is; it's a major chunk of cash out of the income of young people around here who have to pay the whole thing, and it's hardly necessary for those with incomes of 50K +. S.S. should pay benefits by flat rate, everyone should be entitled to social security including those who work in jobs not covered.
If they raise the age of eligibilty it will effectively kill the concept.

Buying into the gold movie has been good for a lot of entertainment, I'm getting up early and staying up late having a good time.

(Sun Jul 26 1998 21:10 - ID#20748)
Can you please post url for Quote-Com August gold

(Sun Jul 26 1998 21:11 - ID#57232)
Nikkei up, Gold up
Nikkei down, gold down.
This is what we expect ( unfortunately ) .
Anyone know what gold is really doing?
Just spent the weekend on the lake -- water down another foot in 2 weeks. Lowest level this time of year since 1980-1982. I am in the midwest -- hot and dry.

Bully Beef
(Sun Jul 26 1998 21:12 - ID#260119)
Gollum...I dropped my crocheting for nothing?
Oh well! Go gold anyway!

(Sun Jul 26 1998 21:14 - ID#197328)

Savage: I'm with you on the subject of profanity on this forum, especially that which takes our Lord's name in vain. For years I endured the salty language of airline Captains who felt it necessary to speak in that manner. Now, as a Captain myself, I am required to brief my First Officers on what I expect of their performance and set the tone for the flight. I refuse to tolerate profanity in the cockpit and state so as part of my briefing.


Gandalf the White
(Sun Jul 26 1998 21:19 - ID#433301)
Gold now down again to original price
I am now a non-believer in BART !
Please advise us when the bugs will be out, Bart !

(Sun Jul 26 1998 21:22 - ID#317193)
Savage & JD8D...sorry to offend and I will not say what I'm really thinking...a
GULP to you...hmmmmmmmmmmmmmm


(Sun Jul 26 1998 21:24 - ID#57232)
Clinton as the British see us
All: From the Christian Science monitor -- a respected international paper
They cite Janet Reno's loyal attempts to hold off on independent counsel -- the CSM ( non US ) sees that Janet Reno's situation is untenable.

On a different topic: What I enjoy is how Communist countries look at our scandals -- they could not understand why Nixon got in trouble, and probably do not understand why WJC is in trouble now. We should be thankful democracy is alive in the USA -- just sleeping for a while, I guess.

(Sun Jul 26 1998 21:25 - ID#317193)
Pease advise when anyone knows the REAL name of the LORD...
PS...don't ask to many people... the name changes...OH NO!


Bully Beef
(Sun Jul 26 1998 21:29 - ID#260119)
I don't care if it rains or freezes
I am safe in the arms of Jesus
I am Jesus little lamb,
Yes by Jesus Christ I am!

"He who has not sinned be the first to cast a stone."
Here I am defending freedom of speech. I am a hypocrite.
I think buddy was harmless and plain darn I don't want to get involved. Go GOLD!

(Sun Jul 26 1998 21:33 - ID#287223)
TomYoung:..make mine Killian Red. ...JT8D: Thanks for the support...How'd you get that handle?

(Sun Jul 26 1998 21:33 - ID#174103)
Non-linear analysis of the DJIA
I noted a couple of months ago that the DJIA had been following close to a random walk along a rising trend line over a couple of years ( Brownian noise ) , measured in time windows of three to 12 months. By close I mean that there was a slight tendency for trends to be reversed, but it was pretty close to a random walk. Then, for the first four months of the year, the "noise" pattern changed to one where trends tended to be slightly re-enforced. Well, over the past three months, this noise pattern has gotten stronger. Trends appear to be even more re-enforced. Unfortunately, the math does not allow fine graining at epochs less than 3 months without introducing a lot of error in the estimate, unless I had acess to hour to hour data and lots more time....:- )

Disney and I agreed that the best hypothesis was that previously, dips engendered more buying than selling, whereas rises engendered some selling, though not as much selling as occurred during the rises ( hence the upward trend ) . But that the nature of the selling/buying function had changed when trends now tended to be re-enforced. More momentum players perhaps? Since this dynamic is now stronger, I wonder if it means that buying/selling decisions are being made based mainly on momentum, and whether a falling trend has more of a chance to "feed on itself" than it had previously. Of course, the same goes for a rising trend.

(Sun Jul 26 1998 21:34 - ID#317193)
404...not yet...Lighten up folks..How about just DAMN...or is that a NO NO

(Sun Jul 26 1998 21:36 - ID#255151)
Legalize Drugs? No Way!

For the following reasons--You would throw a lot of corrupt judges, politicians, prosecutors, and DEA agents out of work. You would take away the livelihood of those nice young men in the Crips, Bloods, and all them other crack gangs. The South Florida economy would collapse. The Columbian drug lords would be forced into bankruptcy. Many banks would be hit without all that drug money. Hospitals would suffer revenue loss without turf wars providing trauma patients. Lawyers would suffer a revenue loss. I am sure there are many other points to be made, but you get the idea.

(Sun Jul 26 1998 21:37 - ID#284255)
Where's the confidence???
Equity funds report the largest outflow of funds for 1998 1.4 billion.

Market Crash Index
Still hovering @ -4

Swing chart points to further falls this week with the potential for a climatic washout.

(Sun Jul 26 1998 21:39 - ID#189268)
Nj Re: url

Now down to $291. Nj you must select all sessions and use gc98q for August gold. This is 30 minutes delayed.

(Sun Jul 26 1998 21:39 - ID#317193)
Sorry Tol#1...did not mean to take your WORDS....but they seemed to fit so well
crazy or whatever....


(Sun Jul 26 1998 21:42 - ID#287223)
D.A. :That commentary of yours ( this week ) about across the board gains for all the industrial metals may be THE most significant fundamental news in the last 18 months...IMTHO. Thank you, and keep up the good work. ( ..heard your 7 iron needs some practice though... )

(Sun Jul 26 1998 21:46 - ID#284255)
Worth a look...

Lots of indicators are flashing warning signs/divergences etc.


(Sun Jul 26 1998 21:46 - ID#207145)
I agree we don't need to say GD and stuff like that
I need the protection I get from being reasonable with the Big boss.
I get away with a lot. No use in pushing it. God knows cussing is a weakness of mine.

(Sun Jul 26 1998 21:48 - ID#207145)
Confidence was a vapor. Europe 42 Billion. There's confidence.

(Sun Jul 26 1998 21:52 - ID#57232)
The latest from Matt Drudge about WJC
All: Matt Drudges opinion: If WJC refuses to respond to a videotape offer by Kenneth Starr, and insists on written testimony, he risks losing Democratic support.
My guess is that WJC will eventually comply. Problem is, is WJC good enough at what he does to explain how he did not have sexual relations with Monica? Can you imagine what the conniptions his loyal media will have if he says he had oral sex, not 'real sex'?
What I find amusing is that if he had told the truth from day one, none of this would have happened. I thought that was the lesson from the Nixon era. Guess it went right over WJC's head. Says alot about WJC doesn't it? Anyway, the very reason the Monicagate issue is important is that he lied. If he can lie about this, IMHO, he could lie about anything.

(Sun Jul 26 1998 21:52 - ID#431366)
Hey Guys & Gals - a quick way to start a tirade from both sides
is to introduce religion here
( though the Biblical prophecies will have an effect on Gold
whether we any of us personally believe in them or not so
they must be taken into account in this Y2K, millenium stuff )
to get ROR started

When we get into those areas ( as indeed we sometimes must )
perhaps it is best to confine comments to the subject of K1
or ignore the off-subject comments ( regardless of our feelings )
since a retort may only spawn a retort - ad infinitum.

Now back to the regularly scheduled programming.

P.S. speaking of commercials.
Some of the commercial "breaks" seem longer than the shows.
Sometimes so long that I forget which show I am watching.
So I punch the off button and check in at Kitco - for hours.

(Sun Jul 26 1998 21:52 - ID#317193)
Is GD a NO NO?

PS...OK I"ll retire again...BYE, bye

PPS...went gold

(Sun Jul 26 1998 21:59 - ID#255151)
JTF--Slick Willy?

From reports of the Paula Jones deposition, Clinton does a very poor job in that setting. Remember, the man is a coward who hides behind skirts. I think any one of Starr's prosecutors would gut him. There is no substance.

(Sun Jul 26 1998 22:02 - ID#57232)
D.A.'s good news and AG comments may be connected
All: We should be very cautious about gold investing at this time, given that AG sees the same indicators we see, and will be tempted to tighten the money supply controls. What I don't know is how much he dares, given the strength of the US dollar worldwide ( Canadian dollar down 20% or so -- not good ) . Normally, AG would raise rates at this juncture, since we are not in a recession. If he does raise rates, this may not be a good sign for gold short term, but it will be an indication that he thinks Japan can handle a stronger dollar.
I'll bet that what AG really wants to do is talk the US markets down without raising rates.

(Sun Jul 26 1998 22:02 - ID#210127)
SnP futures down over 9 dollars

I think limit down is 15 $

(Sun Jul 26 1998 22:09 - ID#57232)
Perhaps that is why WJC wanted the Paula Jones stuff sealed
Auric: Interesting comment -- I haven't read the Paula Jones material. Does this mean that the seal was removed? Hard to believe that WJC has trouble lying about anything, given his history.
Would be interesting to know if the Secret Service was used to recruit 'babes' like he did with the Arkansas State police. And, who picked the babes up and dropped them off? Secret Service, too? Big difference between a small state where the Democratic machine controls everything, and Washington DC. Wonder if he was foolhardy enough to do this.

(Sun Jul 26 1998 22:09 - ID#207145)
What about Europe. It is strong and getting stronger. Will it fall do you think?

(Sun Jul 26 1998 22:11 - ID#434298)
Nothing or Everthing is Sacred. Some of us may be Pagans.
Who worship images or concepts cast in Gold or Silver.
I prefer sacrificing chickens or pigs over hot coals!
With an appropriate toast to the appropriate diety.

Bully Beef - were you able to pick up where you left off?

(Sun Jul 26 1998 22:11 - ID#207145)
Suit yourself. Me, I cuss all I please.

(Sun Jul 26 1998 22:13 - ID#207145)
Maybe we could legalize murder too.

(Sun Jul 26 1998 22:13 - ID#195264)
Silver futures just took a big hit

down 8.7 cents to 5.62...crap!!

(Sun Jul 26 1998 22:14 - ID#335190)
Auric @ 21:36
Legalize Drugs? YES WAY!

Mike Sheller suggests, that conditions/controls be placed on inhales.

Take Care.

(Sun Jul 26 1998 22:14 - ID#227238)
SI8U showing 562.00. Off 8.70. For those not finding quotes..... Aug SP presently off 8.90, at 1138.50

(Sun Jul 26 1998 22:16 - ID#20748)
Many thanks.

(Sun Jul 26 1998 22:16 - ID#207145)
Norkmally Europe would Fall, BUT
With the Euro a happening thing soon, and money wanting to go to Europe, there may be a flight to Quality.... Europe may be the only Quality to fly to.

(Sun Jul 26 1998 22:18 - ID#290118)
Grizz - see my 22:55 on PIG ROASTS & MEAD
It was also a play off Sharefin's 22:26 about WJC.
As Sharefin would say; :- ) ) :- ) ) :- ) )

(Sun Jul 26 1998 22:18 - ID#189268)
Asian Markets
All the markets in Asia are down except Korea. Japan down 280 and Hong Kong down 130. With S&p futures down sharply and the Clinton subpoena fiasco to be splashed in morning newspaper, it should make for a down opening.

(Sun Jul 26 1998 22:20 - ID#207145)
Legalizing murder
Would ttwrow the whole prison system out of work, judgesetc. Then when someone disagrees with you, he can blow your arse to kingdom come. Who needs laws.

(Sun Jul 26 1998 22:22 - ID#255151)

My post, of course, was tongue in cheek. Legalizing drugs would have some very negative consequences for society. However, the negatives of the drug war, such as corruption of government, trashing the Constitution, and violent crime, are far worse, in my judgement.

(Sun Jul 26 1998 22:25 - ID#430212)
I told you so......
Did'nt I say that the $2.85 upward movement in gold would be sold off by the end of the trading day and that it would probably be down which is the norm. Check out my posting @20:40 today. There is no hope for any bull market at least not until we ( United States ) is in a recession or there is a war abroad somewhere.

(Sun Jul 26 1998 22:29 - ID#207145)
OK so now we've legalized pot and murder
So you can forget who you shot. Next, lets take those controls off nuclear weapons. IAnything goes. Whoppe we're all gonna die.
Controls. Pro and con. Most people are stupid enough without dope, murder, and nuclear weapons.

(Sun Jul 26 1998 22:30 - ID#413307)
@Gazebo: I do not think there is a lot of downside potential
for the POG here, but neither do I expect the leasing pressure from
CBs to be off until Jan. 1999. I think it's sideways from here
with oscillations to keep the gold carry boys happy.

(Sun Jul 26 1998 22:32 - ID#417249)
George - The scary things about Social Security...
Some problems to resolve in the next few years:
1. Longer life expecancy - Aging population
2. Low rate ( read negative! ) of savings.
3. Growth of entitlements.
4. Dumbing down of America.

In other words...How are the few pimply faced idiots working at McDonalds going to support the hoards of sickly old geezers in the style to which they are used to? ( Given that they won't invest in and educate the supporting population )

Unfortunately, most older and wealthier people would rather not even face the problem. They prefer to isolate themselves.

(Sun Jul 26 1998 22:33 - ID#413307)
@ Gazebo: Sorry, that should read gold carry persons. (Must not be sexist)

(Sun Jul 26 1998 22:33 - ID#255151)

Mate, I'm not saying drugs are good. Just that the drug war has been a disaster for the US and many other countries, like Columbia, Mexico, and most of Central America. It has made the bad guys rich, powerful, and well armed.

(Sun Jul 26 1998 22:33 - ID#335190)
Union (UAW) Policemen Leadership,doing an outstanding job, selling out Membership @ Mushrooms
FOCUS - GM returns Flint metal dies as talks continue

FLINT, Mich., July 26 ( Reuters ) - Hundreds of cheering United Auto Workers strikers escorted a dozen trucks loaded with metal stamping dies back into a General Motors Corp. plant on Sunday as high-level bargaining to end two strikes continued.

American-themed music blared through loudspeakers while workers walked alongside semi-trucks

"This is where it's going to end -- with those dies back in this plant," said Duane Zuckschwerdt, president of UAW Local 659. "I think ( GM ) sensed the resolve of the UAW and this membership."

The dies, used to stamp out hoods, fenders and other parts for GM's full-size pickup trucks, had been quietly taken out over the Memorial Day weekend to protect the launch of GM's new full-size pickup trucks, infuriating UAW workers.

(Sun Jul 26 1998 22:34 - ID#207145)
What do you think about Europe. I know it will be taken down finally , as it relapses. Will it go right away? Yes there are a lot of red indicators. Aprudent person would take a long fishing trip.

(Sun Jul 26 1998 22:36 - ID#195264)
Silver just came back 6 cents

now down 2.7 to 5.68...I'm going to bed and leave it to Gollum to have it over 6.00 by dawn...or else...!

(Sun Jul 26 1998 22:37 - ID#251166)
@ xanadu, re. SILVER
cf. APH's post yesterday ( 12:07 ) -- "If you are a buyer, 5.55 [base Dec.] should be a good price to buy at about mid-day Monday with a 5 point stop. If 5.55 fails, next stop 5.25." ( Keep in mind, APH is shorting, though he concedes 5.90 [base Dec.] "would give the up side more credability." ) But nothing goes straight up -- that is, except silver in a massive short covering. Even then only for a day or two. If silver pops, it'll happen quickly. Need to be positioned *before* the pop. I'm looking to buy more in the morning, so I wouldn't mind a dip. But with Comex gradually draining ( with some consistency now ) , and rising lease rates bumping us into the realm of supply and demand, the price can't stay too down too long.

(Sun Jul 26 1998 22:38 - ID#430212)
I also believe that gold is in a trading range as I previously posted during last week. I believe that gold is in a trading range of $285 to $295 I don't think there will be a breakout of this to the upside unless we have a recession or a war abroad. A move of $2.85 would normally suggest a bullish move to the upside, but it usually is short lived for reasons I have already mentioned.

(Sun Jul 26 1998 22:38 - ID#207145)
Would that get rid of profiteers. Or would it turn a lot of good kids into bad kids. I started with pot and wound up on cocaine. It is evil stuff to me. You are your own boss.

(Sun Jul 26 1998 22:39 - ID#28994)
One evening out of one hours programing on the television, there was 28 minutes of somone trying to sell me somthing. That was many years ago, I doubt if things have changed. Since then I have only watched selected news and business programing. I feel the same way about movies, Walter Winchell had it correct when he said Hollywood is a place where they shoot too many pictures and not enough actors.

(Sun Jul 26 1998 22:43 - ID#207145)
Bad guys are always rich, powerful and well armed
There are many oportunities for bad people to profit. A lot work on Wall Street. People who use drugs are the life blood of the bad guys. Without users they would go somewhere else. Stop the consumption, and their arse is grass.

(Sun Jul 26 1998 22:46 - ID#290118)
GoldnBoy - you nailed that one on the head!
Our hope is the pimply-faced kids working at McDonalds.
Our terror are the punks spray-painting back of McDonalds
( among other activities they are engaged in back there )

You are right that the AARP crowd are determined to keep their
benefits and lifestyle - even if it bankrupts our nation
in more ways than one. I have seen this in my community where
school bonds were voted down 2 years in a row and likely a 3rd.
Many seniors ( not all ) refuse to fund education or youth programs
because "they don't have kids in school". It doesn't help when
the second group sabotage the efforts of the first group.

During Y2K's chaos and anarchy ( or now for that matter )
the second group of kids noted above will bust up homes
and beat on granny for a few cans of soup or just for fun.

We all may need more than one kind of "Silver Bullet".

(Sun Jul 26 1998 22:46 - ID#207145)
Lets dont legalize
The Devil will be running things soon enough as it is.

(Sun Jul 26 1998 22:47 - ID#26467)
Turning points
FWIW Thursday will give us an entry point in gold,Monday beans,retest coming in the first week of August
S&P Wednesday.

Mtn Bear (SE)
(Sun Jul 26 1998 22:52 - ID#347267)
@sharefin your 21:46
Still learning; please point me in the right direction to discover what comprises the GOX and HUI indices. Significant since both are nearer the January lows than is the XAU. TIA

(Sun Jul 26 1998 22:54 - ID#417249)
Squirrel - Have you given thought to entering the home security business in FL?
Doesn't take much to sell a rich bluehair a shmancy-fancy security system and monthly monitoring.

(Sun Jul 26 1998 22:55 - ID#255151)
blooper @ 22:43

Yep, I'm all for ending consumption of illegal drugs. But not willing to give up the Bill of Rights to do so. Especially the 4th Amendment. The 1st, 2nd and 10th Amendments are already being eroded by this government. All for noble purposes.

(Sun Jul 26 1998 22:56 - ID#206358)
apan's political upheavals and a weak yen may have grabbed
recent headlines, but some analysts are starting to sound alarm
bells -- again -- about China's susceptibility to the Asian crisis.

"China is where there's a real problem at the moment," said Mark
Mcfarland, regional economist at Santander Investment.

"It is a huge problem. A lot of people are still trying to talk China up,
but the situation is quite dire."

But in Manila, Chinese Foreign Minister Tang Jiaxuan told Japan's
next prime minister Keizo Obuchi yesterday that China's policy of
keeping the yuan at current levels was unchanged, a Japanese official

The Chinese foreign minister told Mr Obuchi that "difficulties in East
Asia are not over but are deepening", the Japanese official said. Mr
Tang and Mr Obuchi are attending the Asean Regional Forum.

"China intends to perform a responsible role in the Asian financial
crisis . . . China has decided not to devalue the yuan as a result of
serious and cautious consideration. There will be no change to this,"
Mr Tang said.

It is no secret that growth is slipping in China and that a banking crisis
looms, but the significance of these facts may have been eclipsed by
events in Japan.

Because China's capital account remains closed, a market-led
economic adjustment is unlikely in China, which remains the last man
standing in a region littered with broken currency pegs.

With the ball firmly in Beijing's court, debate continues to rage over
whether China will, won't or should allow its currency to depreciate
in response to a weaker yen, which has hurt China's trade and
investment performance.

China's external position, however, remains relatively robust.

Over the first five months this year Chinese exports rose 30 per cent
to Europe and 24 per cent to the United States, suggesting that
increased competitiveness from the rest of Asia has yet to influence
China's performance in third markets.

And so far, the crisis has had a limited impact on China's exports to
the rest of Asia, China's biggest export market.

The yen is around 141 to the US dollar now.

If the yen were to drop to 160, Chinese exports to Japan would
contract 29 per cent, or about one-third, estimated Fred Hu, head of
Asian research at Goldman Sachs.

Japan accounts for 17 per cent of China's exports to Asia.

So there would be an effect. But it would not be huge.

Mr Hu was more concerned about foreign direct investment, which
was expected to shrink 25 per cent this year to US$33 billion
( S$56.1 billion ) from US$45 billion last year. He said that lack of
investment could help to shave nearly 2 per cent off Chinese growth
this year.

"Such a large impact imposes substantial pressure on China, raising
the stake of China's domestic stimulus packages," Mr Hu said.

Without strong growth, China confronts unemployment, poverty and
potential social unrest as the impact of bank and state enterprise
reform filter down.

China has already postponed some economic reforms because of
concern about social unrest -- but the longer China delays reform, the
more likely is a banking collapse. -- Reuters

(Sun Jul 26 1998 23:00 - ID#417249)
The AARP's quest for security from drug thugs will usher in 1984 (albiet late)
More security, More fun! More Cops, More Protection! More Criminals, More Jails!

(Sun Jul 26 1998 23:02 - ID#28994)
Inteligence cannot be legislated.......I agree with your thoughts.

(Sun Jul 26 1998 23:03 - ID#434298)
skinny - yes, about half is wasted on commercials
for stuff I can't afford or won't buy anyway.
So I catch up on my reading while they yammer away.
Sometimes I can even continue reading during the show.
I can read a few chapters of a novel during one evening of TV.
I look forward to Y2K shutting down television.

Gazebo -
I am afraid it would take more than a recession or war abroad
to get Gold to move up. It would take full-fledged DEPRESSION
*AND* WWIII with nukes flying into Aspen to get the message to
the jet-set, creme-de-la-creme that the party is finally over.

Hmmmmm - there is only one road out of Aspen in the winter.
I'll bet a lot of the above will be relieved of their Golden
burdens as they flee down that road. Many may not make it out.
Couldn't happen to a nicer bunch of stuck-up folks.
I feel sorry for the few real folk that will be caught in it
- the commoners who make beds and serve meals to these snobs.

(Sun Jul 26 1998 23:04 - ID#207145)
Thats what makes a market. You and George Soros.

(Sun Jul 26 1998 23:05 - ID#341312)
The Drug War
Somehow we've gone from drugs are bad and they could screw up your life, maybe permanently, to utterly destroying the 4th amendment of the Constitution. Property, even up to homes, has been siezed without even charges being brought against citizens of this formerly free Republic. Cash may be siezed as well with no probable cause even while the CIA has knowingly allowed the importation of cocaine into this country. At the Kerry Senate hearings in the '80's, DEA agents testified under oath that they were prohibited from taking down major smugglers due to "national security" claims of the CIA. FINCEN ( financial crimes enforcement network ) was created for the purpose of tracking illegal drug profits but now it tracks all kinds of financial transactions. It used to be that you could make large cash withdrawals from your checking account without fear of being turned in by the teller and due process prevented warrantless seizure of property, but, as one writer put it, "That was before the war". Or, as another writer said, "Free country or drug-free country. Choose one." Warrantless searches? Obscene taxation? Arrogant government? Hmmmm, there's something vaguely familiar about all this...

(Sun Jul 26 1998 23:08 - ID#28994)
Highland Park 12.......The bottle is open....the cork destroyed.
God bless Scotland and may the spirits never end there flow.

(Sun Jul 26 1998 23:10 - ID#207145)
Stupidity can't be outlawed. Legal things are considered ok. I like murder better. You can't stop it. People profit from it. Shoot I recon so.

(Sun Jul 26 1998 23:12 - ID#417249)
Family Values? Son, you don't have a Family you have an Organization!
Ooohh Baby..Kick backs from off-budget operations that gut the competition of our associates...

(Sun Jul 26 1998 23:13 - ID#431263)
Just a late week-end thought as we begin week two of the current DOW DEBACLE ( soon to be become a world event, I might add ) !

While watching a special on PBS this evening on the construction of the HOOVER DAM during the height of the Great Depression, I was struck by the warning that should this dam FAIL, the water pressure downstream would destroy EVERY DAM on the Colorado River and literally wipe out the economy of the Desert Southwest OVERNIGHT!

Just think about it! One well placed bomb or devastating earthquake could literally destroy the economy of an entire region of the United States! Can you imagine the severe economic and geographical dislocations such an event could have on US citizens?

Hoover's Dam was instrumental in bringing this country out of the Great Depression--no doubt about it! But what would we call it were it to be the cause of our economic DOWNFALL as a nation? Dam Clinton? Just a thought as we contemplate the possibility that history may be repeating itself. It's not a pleasant thought--especially if your long equities for the next 18 months!

(Sun Jul 26 1998 23:14 - ID#290118)
GoldnBoy - did you see "Soylent Green"?
Skip the environmental message and pay attention to the difference
in lifestyle endured by those outside the security fences and the
lifestyle enjoyed by those inside. We could end up with just such
a socio-economic situation after Y2K. I would have a hard time
keeping my mouth shut while "protecting" the rich bluehairs.
I do not want my socio-economic realities rubbed in my nose by
close association with them. That is why I do not ski or even visit
the resorts in Colorado to dine out, gamble or go to a movie.
I can't tolerate their lifestyle just as the can not tolerate mine.
I'd probably join Grizz alongside the highway out of Aspen.

(Sun Jul 26 1998 23:15 - ID#335190)
Auric @ 22:22
I have no difficulty with your views. Yes, I see the drug landscape as you have stated.

Yes, Star ( suits ) members of our respective communities, receive excessive pay cheques, and pension contibutions/benefits, as the leaders/workers/low life, of this war.

Makes me sick, to think these bastards, can take the money from taxpayers/fathers/mothers, and at the same time, put their children in jail. Wages/life style for guards, police, social workers etc. etc. etc.

Like Jay Gould said in 1886:
"I can hire one half the working class to kill the other half"

Take Care.

(Sun Jul 26 1998 23:19 - ID#417249)
Lawyers, Guns and Money...(sound familiar?)
Some things the poor saps in Soylent could've used.

(Sun Jul 26 1998 23:20 - ID#255151)

There are many tragic stories associated with heroin, cocaine, and crack. Ruined lives, deaths by overdose, and children who get shot by stray bullets are some examples. These are all happening now. Anyone, of any age, anywhere in the US, can get any drug they want. The drug war gives profit and incentive to further this. I wonder if drug consumption would actually decrease under legalization?

(Sun Jul 26 1998 23:22 - ID#284255)
Mtn Bear
Here's the GOX
Not so sure on the others.
Maybe someone else can help you out.

Sorry mate hardly had an eye on Europe.
42 billion, was that inflows???

Germany plus other indices show the Dow to be a laggard.

(Sun Jul 26 1998 23:23 - ID#417249)
Auric - NOT! e.g.Denmark - Safer maybe...

(Sun Jul 26 1998 23:23 - ID#431200)
Goldbug23 Thanks for the informations on August Von Finck

(Sun Jul 26 1998 23:25 - ID#253418)
To Gazebo and Bart watchers
The misquotes at the opening of Japanese tradingwere most interesting because nobody believed them - Gazebo correctly noted they would be corrected by the start of our trading. He was right, but it was corrected by getting the quotes straight not by selling the $2.50 rally in gold.

Everybody watching saw the improbability of the yen being down, the Neikii being down and S&Ps being down and gold being up... Well conditioned we are now to the tantum moves of all the markets.

Latest quotes have gold off 70 cents and silver off 5 cents. Neikkii looks to be in trouble if it gets and closes under 16000.

Don't know far this new metals decline will carry but I think APH's $5.55 will be blown right through. Seems there is no ability to maintain rallies. PT and PD are also at critical junctures. Down openings will look very negative.

Shaping up to be a down opening Monday - a continuation of the master deflationary trend in place. Silver may hold if the shorts have anything to worry about - though following Friday's action and the opening in Asia it seems they don't feel they do.

(Sun Jul 26 1998 23:29 - ID#28994)
The debate on the usage of drugs is never ending........If your apot head your for it, if not your opposed.
If the Eagle and the lamb were to lie down together I would bet on the Eagle.
If that dont make sense dont blame me...It is Scotlands fault.

(Sun Jul 26 1998 23:31 - ID#430212)
Mtn. Bear & sharefin.....
Try this site out...

(Sun Jul 26 1998 23:32 - ID#255151)
Blooper--How Durst You!

Me and George Soros?? You have gone too far, sir ! Why, I ought to sic my FEROCIOUS Golden Retriever on you! He's a really mean dog. He once barked at a mailman.

(Sun Jul 26 1998 23:32 - ID#227238)
fiveliter ( The Drug War ) : You have effectively covered all of the bases. There is no "social war" worth the price of further erosion of individual liberty. None. ..... Not even if drugs are sold in kindergarten. ( Said for rhetorical effect ) .

(Sun Jul 26 1998 23:35 - ID#417249)
Trading Babies for Heroin...What's the Spot Price?

(Sun Jul 26 1998 23:43 - ID#207145)
Sharefin Re, inflows;
I checked the regional funds. Japan= 1.8 B, Europe 43.2B

(Sun Jul 26 1998 23:44 - ID#227238)
Goldnboy: I know your being facetious but the trade involving the lives of children for drugs is real ...... and old news. If "war" on the drug trade does not carry the ultimate sanction, then it is not worth the price we all have to pay for a half assed, very expensive, effort. Declare victory over drugs and let parents become parents, once again. When they realize that no one will safeguard their children better than they themselves, attitudes will change rapidly. ..... If they care. And if they don't care...... what's the point of the war?

(Sun Jul 26 1998 23:47 - ID#207145)
Don't do that. OK, I will admit that you are an ok. dude. George was a low blow.

Steve in TO__A
(Sun Jul 26 1998 23:48 - ID#287337)
OK gang - Orlin Grabbe's latest article . . .
in his series on the workings of the gold markets is up at:

- Steve

(Sun Jul 26 1998 23:49 - ID#424394)
I've been so gnarly lately that you all deserve a break
With a few sites for emoticons.
( Besides, I am tired of the same old stable )
Remember we are not allowed to use the greater than or less than
symbols here since the Kitco server refuses HTML markup symbols.
It does limit our possibilities some.

check out the bottom one :-[ -{9

The Unofficial Smiley Dictionary

your one stop shop for smileys!

The above were selected from ( pardon for the long url - just cut & paste as necessary )

And then there is E-mail IQ incl. buzzwords, acronymns, & emoticons.
( give it time to load )

(Sun Jul 26 1998 23:51 - ID#207145)
I checked AMG under regional funds. Can you believe the funds ( coming out of USA ) no doubt.

Steve in TO__A
(Sun Jul 26 1998 23:58 - ID#287337)
Concerning drugs & kids . . .
there was an excellent article on how Prohibition in the 1920's led to drinking among young children, and comparing it to the use of drugs among schoolkids today.

Here's a quote from the article:

"Why are these dangerous substances so far outside of the control of responsible society that we cannot keep them out of the hands of kids? The answer is that drug prohibition, like alcohol prohibition before it, has failed our children, and failed them spectacularly.

We have been here before. On February 9, 1925, nearly halfway through America's disastrous national experiment in alcohol prohibition, Colonel William L. Barker, Northern Division, Salvation Army, was asked by a Minnesota newspaper reporter about the impact of Prohibition.

Col. Barker's response, which speaks to a vastly increased level of access by children to prohibited substances, is as relevant to the parents of today as it was to the parents of the time. "Prohibition has diverted the energies of the Salvation Army from the drunkard in the gutter to the boys and girls in their teens," he said. "The work of the Army has completely changed in the past five years... Prohibition has so materially affected society that we have girls in our rescue homes who are 14 and 15 years old, while 10 years ago the youngest was in the early twenties."

Today, we are faced with the shocking reality of twelve and thirteen year-olds using heroin, methamphetamine and LSD. And despite ever-increasing efforts to enforce prohibition, Michigan University's Monitoring The Future Survey shows that over the past twenty years, while America's incarcerated population has grown nearly ten-fold, access by kids to these substances has risen almost across the board."