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.

RB
(Tue Jan 05 1999 00:00 - ID#411198)
James.. 21:27
You could have been reading my mind. That is exactly the conclusion
my wife and I came to this weekend. There is know limit to what the US.
will do to maintain the dominant position it is in today. Cruise missiles
are just the "tip" of the iceberg in its unpublicized arsenal of gadgets.
In my humble opinion, only some unforseen internal or external supernatural
event would change this equation.
In our present state of consciousness of lies and damn lies I'm not sure we
would know the truth concerning the present behavior of gold if it hit us
between the eyes. In the meantime it just seems natural and right to own
some.

aurator
(Tue Jan 05 1999 00:08 - ID#257304)
Pedantry
ne'er-do-well
That depends what "is" is.

SDRer
(Tue Jan 05 1999 00:13 - ID#290172)
Cage Rattler, re-"On Thursday, EU officials gave the last reference rate for the ecu
of 1.16675 usd"

Mon ami, SOMEONE is moving this stuff around! {:- ) ) The quotes change. Word from the Wizard's Cave: "private ecu adjustments". O yes?

Monday, January 4, 1999

1 ECU = 1.1725 US Dollar
1 US Dollar ( USD ) = 0.8529 ECU ( XEU )
Median price was 1.1720 / 1.1725 ( bid/ask ) .
Minimum price was 1.1720 / 1.1725
Maximum price was 1.1720 / 1.1725
Computed from a sample of 1 price on Friday, January 1, 1999

Monday, January 4, 1999
1 Euro = 1.1808 US Dollar
1 US Dollar ( USD ) = 0.8469 Euro ( EUR )
Median price was 1.1803 / 1.1808 ( bid/ask ) .
Minimum price was 1.1700 / 1.1710
Maximum price was 1.1913 / 1.1960
75% of the prices were above 1.1786 / 1.1791 and below 1.1829 / 1.1838
Computed from a sample of 6521 prices on Monday, January 4, 1999

Re: XPT--They had them both at 309 by Sunday, now we're back to a 2 unit spread. mmmm
1 Platinum ( oz. ) = 309.243 Euro
1 Platinum ( oz. ) = 311.433 ECU

1 Gold ( oz. ) = 245.307 ECU
1 Gold ( oz. ) = 243.582 Euro

Methinks we are moving from 'eyes glaze over' headache territory, into
migrainous mud...deep, dirty and depressing.

CompGeek
(Tue Jan 05 1999 00:25 - ID#343259)
Some Y1.999K Bugs
Well, we got hit today. Not too bad, but still hit. A client in Singapore was first to call ( As would be suspected ) . Client couldn't log on to the system at all. It turns out there was a bug ( Y2k date related ) that had "reappeared". The reason for the reappearance, was that the bug was found in production code, fixed there, and not moved to the Y2k-1999 version. This is just another problem... the necessity to keep the code frozen until the final Y2k version is in. Anyway, it affected all clients, so, after compiling, needed to dial into all clients and fix. Some we have access to, others not, so needed to wait until staff were on-site to open up modems, etc. All in all a very full day.

Point being, One "IF" Statement was in the wrong place and ALL CLIENTS COULD NOT LOG ON! ( Translation-dead in the water )

We got it fixed in a few hours, but what about those people who haven't started?

BTW, 8864 hours left until 1/1/2000, for those counting.

RJ
(Tue Jan 05 1999 00:32 - ID#22849)
..... My New Web Page .....

Is under way.

It is still very basic, but it is the best I could put together in a couple hours. I will post some charts and insights as time goes on.

If anybody thinks it is lame, let me know privately by e-mail, yes?

I can be reached at: rjgold@home.com

The page can be found at: http://members.home.net/okrj/rjgold.htm

OK




HighRise
(Tue Jan 05 1999 00:35 - ID#401460)
US $
Yen
111.66
-0.09

@ 12:35 01/05/99 just in case you don't see it for a couple of days.

HighRise

HighRise
(Tue Jan 05 1999 00:40 - ID#401460)
Japan
I have so many pages going it takes me awhile to find the one that is updated.

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

http://quote.yahoo.com/q?s=^N225&d=1d

HighRise

africanminer
(Tue Jan 05 1999 00:57 - ID#257313)
grenstone gold
I have been to the site, thanks..oh by the way what part of africa were you from?

Auric
(Tue Jan 05 1999 00:59 - ID#257312)
Son Cruiser Arriving

There could be some news in the morning about a DNA test result. http://www.drudgereport.com/

Dutchman
(Tue Jan 05 1999 00:59 - ID#268260)
ZEKE
The Noles got dumped by the Vols. No more tomahawk chops left. Too bad for Bobby and his feebleminded players. Too many penalties to win a National Championship. There is a God in heaven and His name is JoePa not Steve Spurrier. But, hey, you guys did whip up on the Qs.

Jack
(Tue Jan 05 1999 01:00 - ID#254288)
Duty on imported gold into India going up

This is indicating that too much gold is entering India and that the half baked scheme of Indian gold accounts is seen for what it is.
Why should India's Bankers support the short sellers who are supported by our US Fed and US Treasury? If this happens Bombay, Calcutta abd New Delhi will look like LA during its "Worst of Times".
What India needs is a gold backed and exchangeable currency so that small amount of gold "on a per capita basis" will remain with its 925 million people and not support the Western Bankers FIAT SCHEME.

Auric
(Tue Jan 05 1999 01:30 - ID#257312)
Has It Really Been a Whole Year?

Archives:Kitco9801040130 [January 05, 1998 01:30 Auric ( Predictions for the Next 12 Months ) 1. Gold to be flat. 2. Internet stocks-- To The Moon! 3. Clinton found to be deadbeat dad. 4. The Dow will roar ahead. 5. Don't buy Homestake this year]

BigFisherman
(Tue Jan 05 1999 01:44 - ID#258273)
Auric
Been a thread on free republic started early today in which a poster leaked that the tests are positive. 1 in 700,000 probability that Clinton is not the daddy. We shall see.

Jack
(Tue Jan 05 1999 02:11 - ID#254288)
YEN @ 111.40 to the dollar

Now Japanese interest rates are not that high......are they?
If Japanese money was flowing to the Euro, it might be partially understandable, but wait, the YEN would fall against the Euro. Has it?
Maybe its Japanese money leaving the dollar to return home.
Will it buy gold?
Will it run to the Euro?
Is it waiting for the Nikkei to fall a bit more before those YEN start to support the Japanese economy?
Or is something up?......Something that going to make the Fed sweat. I like that Idea.

snowbird
(Tue Jan 05 1999 02:12 - ID#220325)
APH: Thanks for your take on the markets.
Thanks for the invitation BUT Canadian Snowbirds are ones who leave Canada in the winter to escape the snow and cold climate. If you don't mind I will stay in Victoria British Columbia for now as there is no snow and the weather is moderate. You are welcome to come here for respite.
Regards

Jack
(Tue Jan 05 1999 02:13 - ID#254288)
Why has New Zealand's market been so strong recently?

Duh

snowbird
(Tue Jan 05 1999 02:18 - ID#220325)
Advice to all- Read APH's Jan 04 1999 23:20 take on the markets
He is making money while many of us are not. For the newbies, APH's advice is excellent and honest. He is an exceptional man who is unselfish in his advice and it is good! Be careful to look for the APH handle only.

Jack
(Tue Jan 05 1999 02:27 - ID#254288)
Seems like the Big Boys completed their purchases of Asian companies last Septembe/October

Now they will let them go up.

aurator
(Tue Jan 05 1999 02:29 - ID#257304)
Ewe Zealand
Jack
We been/bean down so long, it looks like up to me.
We have a CB that is bound by legislation to keep inflation below 3%, and has been v successful at that, we have some of the free-est markets on the planet. No gobmint regulations stand in our way from exporting our goods {unless you're a miner}, Gobmint spending is reducing.
The NZ Experiment has sold off many gobmint assets ( paid for by our forebears/forebulls ) reduced trade tarrifs, thrown open our arms like an easy girl spreading her wings to the fickle winds of international trade, we have few duties on imported goods, and may be the poorest "developed" country on earth.
But for those of us who are doing well, we're doing very well, thanks.


Cage Rattler
(Tue Jan 05 1999 02:38 - ID#33182)
NEW Drudge update re paternity claim just released
http://www.drudgereport.com/matt.htm

Jack
(Tue Jan 05 1999 03:04 - ID#254288)
Butt'dey ain't got enny Gold Reserves

I mean Noo Zeeland; not Mr. Aurator.

With gold miners cutting down on their mineable ore reserves because of the low prices; I can imagine that a possible price spurt that holds will make some of these miners look pretty interesting.
I wonder if a company that took a big write-off based on mineable reserves in 1998 -will have to justify- for tax purposes if gold went to $420+ in Y2K.

ChasAbar
(Tue Jan 05 1999 03:21 - ID#340344)
Jack,
New Zealand's people are a treasure infinitely more precious than another country's Gold. I toured the country 10 years ago, and long to go back.

aurator
(Tue Jan 05 1999 03:46 - ID#257304)
It's even more sad, when one realises it's true.
Jack
Te Reserve Bank of Noo Zilund says "We don't need no steenkin' gold."

When you're dealing in fresh air, ther & phlogiston, gold is anathema, yes?


aurator
(Tue Jan 05 1999 03:57 - ID#257304)
We don't know how lucky we are.
Chasabar
We are mostly pretty laid back, friendly and like a laugh. The real human treasure of NZ is the maori culture, a unique, rare and precious jewel.

For the most part there is a lot of good will between the many races who share this beautiful country.

Just done another barbie tonight: As I cooked the burgers, snarlers, chicken, steak and salmon I had a dread moment. What ifnext year we only had a can of beans and were looking hungrily at the cat?

We don't know how lucky we are.
We don't know how lucky we are.

Dabchick
(Tue Jan 05 1999 04:01 - ID#258195)
Monday's Gold and Silver Lease Rates
For Monday 04th Jan calculated from data published in Today's FT.
Period------------1- month--------3- month--------6- month---------12- month
Gold Lease Rate---0.91---------------1.03-------------1.26-----------------1.62
( Change ) ------ ( - 0.04 ) ------- ( - 0.02 ) ------- ( + 0.06 ) ----------- ( + 0.03 )

Silver Lease Rate---0.96--------------1.66--------------2.66-----------------2.89
( Change ) --------- ( + 0.05 ) -------- ( 0.00 ) --------- ( + 0.12 ) ------------ ( + 0.03 )
( Change ) = change in lease rates since previous day

For Monday 04th Jan from data published on their website by Mitsui
Gold Lease Rate---0.85---------------1.00-------------1.20-----------------1.50 ( Mid-rates )
Silver Lease Rate---0.80--------------1.55-------------2.55-----------------2.85 ( Mid-rates )
I will post Lease rates in the above format this week so that the rates published by Mitsui can be compared with those calculated via the FT. I accessed the Mitsui site at 17:30 Kitco time yesterday, which was a good 10 hours sooner than my Financial Times is delivered. The Mitsui site is at http://mitsui-gold.com/ Then click on the "London Commentary" link. where you will find lease rates together with much other up-to-date info. We are grateful to GoldieHawk for finding this useful Mitsui site.
Regards...........Dabchick

Hedgehog
(Tue Jan 05 1999 04:30 - ID#39857)
RJ, you made my day......I had to laugh
Is that hepcat at the bottom again, shaking his head at gold...
wonderful stuff. I love you man, beyond what I try for most humans...
ommmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.

Cage Rattler
(Tue Jan 05 1999 04:52 - ID#33184)
$/yen just a new 19-month low again - 110.46


Envy
(Tue Jan 05 1999 05:12 - ID#219363)
Nikkei
Just a few hundred points before it hits new lows.

http://quote.yahoo.com/m2?u

Cage Rattler
(Tue Jan 05 1999 05:14 - ID#33184)
$/yen - actually a 27 month low


Junior
(Tue Jan 05 1999 05:16 - ID#248180)
Dead Beat Dad- Klinton "Guess Who is Coming to Dinner?"
http://www.drudgereport.com/

Cage Rattler
(Tue Jan 05 1999 05:51 - ID#33184)
Another reason for the oil price to go one way
LONDON ( AFX ) - Texaco Inc and Famfa Oil Ltd of Nigeria said they have made a 'major' oil discovery on OPL Block 216, in the deep waters offshore Nigeria in the central Niger Delta.

The two companies said data shows that reservoirs at the discovery oil Agbami-1 contain "several hundred million barrels" of recoverable oil. "The Agbami-1 shows significant oil reservoirs, however, we will not know the full magnitude of this discovery until further appraisal drillling and testing are conducted later this year," John J. O'Connor, President of Texaco Worldwide Exploration and Production, said.

Texaco's deepwater operations in Nigeria OPL 216 are managed through Texaco's wholly-owned subsidiary, Star Deep Water Petroleum Ltd. The company currently produces 65,000 barrels of oil per day from offshore operations in the Pennington and adjacent fields, through Texaco Overseas ( Nigeria ) Petroleum Company Unlimited.

Donald
(Tue Jan 05 1999 06:11 - ID#26793)
London morning currency news
http://biz.yahoo.com/rf/990105/dg.html

Donald
(Tue Jan 05 1999 06:17 - ID#26793)
Late payments by Brazilians soar 48%
http://biz.yahoo.com/rf/990103/bp.html

Speed
(Tue Jan 05 1999 06:32 - ID#29048)
WSJ-Indian gold fees won't dampen demand
January 5, 1999

Dow Jones Newswires

India Gold Import Duty Hike Seen Boosting Prices, Smuggling

Dow Jones Newswires

BOMBAY -- The Indian government's move to increase the import duty on gold by 60% will not change the country's consumption, but will give rise to higher prices and smuggling, gold industry officials in India said Tuesday.

The import duty on gold was raised to 400 rupees ( INR ) for ten grams from INR250 effective Tuesday, the government said in a news release late Monday. ( $1=INR42.58 )

The duty increase will make gold in India 9%-10% more expensive than in the world market. Prior to Tuesday, consumers in India paid about 5%-6% more than international prices, plus some marginal local taxes.

Gold analysts and traders were unanimous in saying that this increase in duty will encourage smuggling. Gold retailers will prefer to pay less for the smuggled gold than buy it from licensed importers, they said.

"The price differential ( between foreign and domestic prices ) will now be 9%-10% minus the sales tax and octroi duty. This is a big enough margin for smugglers," said Derrick Machado, financial institutions manager at the World Gold Council in Bombay. Sales tax differs from state to state in India and is approximately 2%. "I appreciate the compulsion of the government, ( as it is ) looking at ( increasing ) revenue. But to make it ( the duty ) 400 rupees is not worth the effort because it will have long term ramifications," Machado added. According to him, a sizable chunk of gold demand will now be met by smuggled gold.

The government said it has taken this step to moderate the imports of gold into the country and to get additional revenue of around INR2.50 billion from customs duty. Gold imports jumped after the government abolished restrictions on the quantity of gold imported and reduced the duty in 1997.

During the period January-November 1998, 575 tons of gold were imported, up 28% from the corresponding period of the previous year, according to the government release.

"This may revive the unofficial supplies regime, as Indian's need for gold is not going to change," said Ramesh Gamesan, head of trade and commodity finance in India for ABN-Amro Bank.

ABN-Amro is one of the 11 organizations that are permitted to import gold. Ganesan said prices in the country will be immediately raised because sellers will add the additional duty on their old stocks.

As if to illustrate the point, gold prices shot up in Bombay Tuesday with the 10 tola bar ( 116.74 grams ) opening at INR51,200 up from its Monday's close at INR49,600. The 22 carat 10 gram gold was quoted at INR4,045 early Tuesday, up from Monday's closing at INR3,915.

Smuggling of gold in India was rampant before the government liberalized the industry.

-By Ruchira Singh; +91-22-288-4211; rsingh@ap.org

Barney
(Tue Jan 05 1999 07:00 - ID#258269)
Miners Strike Heralds Troubled Year
http://www.woza.co.za/reuters/jan99/amplatso1.htm>http://www.woza.co.za/reuters/jan99/amplatso1.htm http://www.woza.co.za/reuters/jan99/amplatso1.htm

JohnC
(Tue Jan 05 1999 07:17 - ID#24864)
Mad Dreams of making a Silver Million/ THC 3rd of Jan response
THC,
I'm late catching up with Kitco but saw your 03:37 from last Sunday about turning $850 into a million.
No problems at all with your scenario: Six consecutive events over a couple of years where deep out of the money Silver calls turn into deep in the money ( s ) at expiration. You gave the example of silver going from $5 to $17 in 4 or 5 years.

Like all wild speculation, THC ,a little mathematics can be applied.
Now, you take $850 and turn it into a million, yippee 1,176 times your money. Is it worth it ?

Well think of your call option delta as the chance your option will finish in the money. ( NOTE in the money, not necessarily deep in the money, as your scenario requires ) .

Now I'm only guessing but let's say a long term silver call with a strike US$1.25 out of the money had a delta of 20 ( Think of it as a bet with 2 chances in 10 of having SOME value at expiry ) So what's the odds ?

Well you're in advance betting that a .2 chance will win 6 consecutive times. Or 1 divided by .2 to the sixth power, or about 1 in 15,625 odds.
And that is only calculating the odds of your calls being AT the money on expiry, not deep in the money as you require to get your million bucks.

So a 1,176 times payout on an over 15,000 to 1 runner is probably not good maths but is sure a cheap New Year Mad Dream.
Kind regards and best wishes for 99. John_C@Sunny_Brisbane

Tortfeasor
(Tue Jan 05 1999 07:27 - ID#37463)
More on the Clintons
It appears that Chelsea Clinton may not be an only child.
http://www.drudgereport.com/. That Mr. President does get around. Amazing when he has all time to cavort about with the time he spends playing hide the ball and the spin game. On the subject of gold, we are on the cusp of a pretty good move up. That is said from a subjective feeling and not from in debt analysis. Have a good day all.

Greenstone Gold
(Tue Jan 05 1999 07:34 - ID#428218)
aurator (We don't know how lucky we are.) .....

Don't laugh, but when I worked in South Africa at the President Brandt gold mine in Welkom in the Free State......I was once invited to a braii ( barbaque ) one lunch time, by the Black staff at the core yard.

Guess what was on the menu.........here kitty, kitty.......

I declined !

I used to think that HAGGIS was an acquired taste..........

Aye,

Haggis

POLARBEAR
(Tue Jan 05 1999 07:36 - ID#183109)
a nice picture of RJ.....
Found a nice picture of RJ while surfing. It is reported to be taken on January 1st, 2000.

Yes?

Thanks for all the great posts RJ !

Greenstone Gold
(Tue Jan 05 1999 07:41 - ID#428218)
Africanminer......

I spent 10 years in Africa, 1975-1985.

Three years in Zambia, working in the Eastern province near the Angloan boder; 1 year in the Free State in South Africa; and, 6 years in Namiba.

Now-a-days, living in Kalgoorlie in Western Australia.

Haggis

POLARBEAR
(Tue Jan 05 1999 07:44 - ID#183109)
VRONSKY PIC?
Found a nice shot of VRONSKY too, reported to have been taken in June 2000, as gold surpassed the $600 mark.

Greenstone Gold
(Tue Jan 05 1999 07:49 - ID#428218)
I wonder what Bill Clinton uses....a bath or a shower.....

If a bath..... I wonder when he relaxes in a large, warm bubble bath, if he thinks of the natural resources he's wasting.

If a shower....does he think of the film "Psycho" ?????????

I wonder !

Greenstone Gold
(Tue Jan 05 1999 07:56 - ID#428218)
sharefin....any comment on these software packages ?

http://www.paritech.com.au/

morbius
(Tue Jan 05 1999 07:57 - ID#35757)
Clinton-Williams
If they finger our boy as father to this kid, it should be amusing to hear Bill make the point that technically he's not a dead-beat dad because there is no court order directing him to pay child support.

Greenstone Gold
(Tue Jan 05 1999 08:03 - ID#428218)
See ya later....good nite......

Why do Scottish people refuse to buy refrigerators?

They don't believe that the light will go out when you close the door.

Thank God, Scotland has a cold climate.........

I have a real problem living in 40 deg C heat !!!!!!


morbius
(Tue Jan 05 1999 08:04 - ID#35757)
@JohnC
I don't think delta has any predictive value. The price of silver is a totally psychological phenomenon. Like any psychological phenomenon, it can turn on a dime ( no pun intended ) .

Mike Sheller
(Tue Jan 05 1999 08:15 - ID#348257)
wake up and smell the...
It all depends on what your definition of "his" is.

PS - Have you had your coffee today? It's percolating!


Greenstone Gold
(Tue Jan 05 1999 08:16 - ID#428218)
Looks like the Brits may adopt the EURO.......

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

Greenstone Gold
(Tue Jan 05 1999 08:22 - ID#428218)
I wonder........

Have you ever written down a list of all your most intimate worries?

Do you ever chant the list, say on an hourly basis, until you become unconscious or rigid with horror.

Bets are, Bill Clinton has !

Greenstone Gold
(Tue Jan 05 1999 08:31 - ID#428218)
Good nite....

Haggis

THC
(Tue Jan 05 1999 08:51 - ID#367411)
To John C re "Math for a Madman"
Thanks for the response!

I appreciate your laying out the odds in a mathematical format. Math is a gambler's best friend?

"So a 1,176 times payout on an over 15,000 to 1 runner is probably not good maths but is sure a cheap New Year Mad Dream."

Taken in that light a 1,000x payout for a 15,000x odds is not a "good gamble"........since the scenario has not happened for the past 18 years, the odds are definitely against it.......but if we take into account the various fundamental reasons why silver may at some time in the not so distant future appreciate significantly, perhaps the odds are somewhat better than 15,000 to 1:

*Supply deficit for industrial demand
*No silver available for potential monetary demand ( all consumed by current industrial/jewelry demand )
*Only minimal silver available for investment demand
*Y2K madness
*Currency instability
*US equity bubble
*Historically low inventory levels

Any idea how the above can be factored into the mathematical probability of silver starting a bullrun in the next year or so?

Good luck to all!

THC

tolerant1
(Tue Jan 05 1999 09:01 - ID#20359)
Clintler is always up to something hidden and un-American...YO skinny...this is an OPINION...
http://www.worldnetdaily.com/bluesky_smith/19990105_xcsof_administra.shtml

tolerant1
(Tue Jan 05 1999 09:13 - ID#20359)
an OPINION on having Clintler in CONTROL this year and into Y2K...AGHHHHH!!!!!!!!!!!!!!!!!!!!!!
http://www.worldnetdaily.com/bluesky_btl/19990105_xcbtl_civil_libe.shtml

tolerant1
(Tue Jan 05 1999 09:17 - ID#20359)
Without the right to bear arms by the time a lawyer is any help...you ARE dead...very dead...
http://www.washingtonpost.com/wp-srv/WPcap/1999-01/05/028r-010599-idx.html

Crystal Ball
(Tue Jan 05 1999 09:18 - ID#306412)
We don't need no steenking badges
You know "Treasure of the Sierra Madre" is one of my favorite movies. I can still see that scene at the end where the old codger ( Walter Huston ) is laughing his ass off as the wind blows the gold dust back to the hills where the prospectors got it in the first place. But I thought "We don't need no steenking badges" was from Blazing Saddles. "Stampeding cattle in the Vatican? Hmmmmmm. Kinky!"

SDRer
(Tue Jan 05 1999 09:19 - ID#290172)
More than one way to 'skin a currency'...

In January 1997
POG in USD was 367.7
POG in Euro was 293.222
POG in JPY was 42634.8 [USD:JPY = 115.95]

In January 1999
POG in USD is 287.5 [change of 80.200]
POG in Euro is 243.582 [change of 49.640]
POG in JPY is 32637 [change of 9997.8]

Now, which currencies have appreciated? And what currency is holding the nasty end of the stick? {:- (

FYI
3p Eurogold is USD = 243.484
3p JPY Eurogold = 243.570
3p CNY Eurogold = 243.505

Mamma may have, Poppa may have, but God bless the child who has his own...
Got gold?

sharefin
(Tue Jan 05 1999 09:28 - ID#284255)
Haggis
I havn't tried Omni Trader.
I currently have Metastock and Supercharts plus a few others and would prefer Supercharts out of them all.
All the programs have a few extra whistles but I reckon Supercharts is the easiest to use.

Make sure what you get is Y2k compliant.

Paritech do offer this service:
http://www.paritech.com.au/Chartparam.htm

-----
What does a scotsman hide beneath his kilt?

A chaotic attractor................
http://ccrma-www.stanford.edu/%7Estilti/images/chaotic_attractors/t128/tchaos1gold.gif

Crystal Ball
(Tue Jan 05 1999 09:29 - ID#306412)
@ Tolerant 1
Inside joke- Freeport McMoran Copper and Gold ( FCX, last 10 15/16 ) was a $34 stock exactly two years ago. I heard "Son of Bre-X" is making a hostile takeover bid at $20/share.

SDRer
(Tue Jan 05 1999 09:43 - ID#290172)
Jack -re: yr 02:11 "If Japanese money was flowing to the Euro,

it might be partially understandable, but wait, the YEN would fall against the Euro. Has it?"

Euro:JPY [Aug 1998] = 160.755

Eur:JPY [Jan 1999] = 134.000
{:- )


Cage Rattler
(Tue Jan 05 1999 09:54 - ID#33184)
Newsgroup posting: How to make 442%pa from gold
"I am currently seeking investors who will get behind a company that will
buy gold at a 6% discount and turn around and sell it to the markets. I
have the seller contacts ( very established ) and I also have the buyer
contacts ( very established ) . Investors should be able to see an annual
ROI ( in their pockets -- based on a 49% ownership ) of somewhere around
442% a year. Address any further correspondence to Michael J. Merten at
wtradelimited@uswest.net."

AUwolf
(Tue Jan 05 1999 09:56 - ID#254130)
NAPM, lowest levels in the 68-year history of the report
http://dailynews.yahoo.com/headlines/bs/story.html?s=v/nm/19990105/bs/manufacturing_2.html

``Manufacturing is bearing the brunt of the Asian recession and the issue is how long it
will take for the rest of the U.S. economy to feel the ripple effects,'' said Paul Kasriel,
chief domestic economist at Northern Trust. ``I think you'll see it fairly quickly, possibly in
the first quarter of 1999, certainly within the first half.''

Of the nine NAPM sub-indices, which together comprise the main index, most stood at or
near their lowest levels in the 68-year history of the report, said Norbert Ore, chairman of
NAPM's business survey committee.

``Both production and new orders ( indices ) declined, signaling that the manufacturing
sector is obviously struggling,'' Ore said.

In addition, the employment sub-index fell to 40.8 from 44.9, which analysts said points to
a decline of 20,000 to 30,000 manufacturing jobs in December and slower consumer
spending heading into 1999.

~~~~~~~~
if memory server me, that's near 800,000 layoffs in the past
six months...or...equiv to 80% of 1 major US city's population.

while in Seattle Washington for new years, i noted a half
dozen service sector jobs ( help wanted ) within a 10 block
area downtown, the news this morning ( NPR ) puts the
livable wadge in Oregon at $10+/hr ( single person )
$16/hr for family of 3.
now we have 800k $16/hr workers looking for $6/hr work. ( ? )

got work?
got gas?
got bread?
got food stamps?

Crystal Ball
(Tue Jan 05 1999 09:58 - ID#340392)
Amazon.com
Did AMZN split 3:1? I see it's trading down $240/share. LOL :- )

AUwolf
(Tue Jan 05 1999 10:03 - ID#254130)
FIRST LADY MAY WANT TO BE A SENATOR
http://www.vny.com/upiwire/watercol.htm
( http://www.drudgereport.com/ ( UPI watercooler ) )

Will Hillary Rodham Clinton leave the White House next year and move to New York so
she can run for U.S. senator? That's what a Democratic lawmaker is telling the New York
Post.

A story in the paper yesterday quotes Senator Robert Torricelli, who said he thinks the
first lady could successfully campaign for the seat being given up by Daniel Patrick
Moynihan.

By Bobbi Murphy ( UPI )

Mike Stewart
(Tue Jan 05 1999 10:04 - ID#270253)
Technical Update
The Toronto Mining Issue McClellan Summation Index has been rising for five days now. This represents a notable improvement in breadth now that tax loss season is over. This is positive.

The new lows on Toronto Mining Issues have dried up over the last two days. It is too early to be clearly positive, but is encouraging. I like to see five or less issues hitting new lows each day as a sign of strength in the market. We need a few more good days here.

The 200 Day MA for the Toronto Gold Index is at 6308 and dropping. Any good move in gold shares will require the index to break this downtrend. The Toronto Gold Index is at 5935 ( ^TGL on Yahoo ) .

The 220 Day MA of gold is at 294.32 and falling. This too must be broken for any significant move upward to materialize.

The trendline drawn to rise at 2% weekly from the last major low in the Toronto Gold Index has held, but a bounce has not yet materialized.The index hit the trendline and then moved sideways in a tight range. This is a slight negative as a new bottom must now be formed. It just isn't there on the charts yet.

Overall improvements are noted, but negatives still outweight the positives for now.


tolerant1
(Tue Jan 05 1999 10:13 - ID#20359)
Crystal Ball, Namaste' gulp and a puff to ya...sorry, I am ill at the moment, the thought
of the First Bunt Cake as a Senator in NY is just too much...sheesh!!!

Mike Stewart
(Tue Jan 05 1999 10:16 - ID#270253)
General Market Comments
FWIW my long term indicators for the S&P are overbought for the third consecutive year.????? The three long term gold indicators are ALL positive. This is the first time since 1993 that all have been in agreement. I am obviously a gold bull for this year.

I trade Dow stocks when I find one that is statistically oversold based on my analysis. There were none last year. This year we have one...Boeing. I haven't bought any yet.

I have had good success treating the calender as two seasons, one from Nov to April for selling shares as they hit target prices. The other season is a buying season from April to November where you buy shares as they hit target prices. 1999 should be no different.

My partnership was up by 31% after performance fees in 1998. This while I held a precious metals position of 30 - 50% during the year. My best trades/positions were Bethlehem Steel ( Sold in Apr ) , Roberts Pharmaceuticals, Durban Deep ( sold in Nov ) , Innovex, Procom, Southwestern Gold and Ascend Communications. I buy anything that appears to be a bargain to me, not just golds. Enough bragging. Back to work.

sharefin
(Tue Jan 05 1999 10:28 - ID#284255)
Swing chart updated
http://www.cairns.net.au/~sharefin/Markets/Swing.jpg

sharefin
(Tue Jan 05 1999 10:46 - ID#284255)
Why I am quiet and missing Kitco
http://www.cairns.net.au/~sharefin/Marketstest.htm

Currently working on the next lot of webpages.

Here's 2000 odd links about gold and sharemarkets that I'm organising.

Enough to be mind boggling....................

LGB
(Tue Jan 05 1999 10:46 - ID#269409)
GOLD.... As ASB as ASB can get!
OK you chartists TA types. Riddle me this. Has there ever been a time in the past 10 years, when Gold has traded in such a narrow ( and depressed ) range, for so many consecutive days...with little or no action whatsoever one way or the other? And this, during Iraq war, the collapse of Russia threat of global financial collapse, impeachment of the prez., millenial Y2K madness, etc. et al.

If central bankers control Gold's price, then they have been doing a damned fine job.

$280 to $300...mostly $285 or so...and little else......in MONTHS

ASB.... ASB....

( Hey "another" with a SMALL 'a'..... where's the "Oil wil not stand this as it comes back to the $320 to $369 range" leading to the "All out run to infinity" hy year end 1998? Hmmmmmm ????? )

Denton,Tx
(Tue Jan 05 1999 10:48 - ID#271215)
401K
Mike Stewart write me and tell me about yourself at gold@flash.net

TYoung
(Tue Jan 05 1999 11:04 - ID#317193)
LGB...
I thought it was $320-$360, not $369. Maybe my memory is fading. Oh well, I am expecting the run up in gold any day now. $30,000. is "in the bag" within a matter of days, months or years...maybe decades?

We watch this old gold market together? Yes! Sure glad my physical gold and silver do not care about price. Just sits there, every ready if needed. Unfortunate, Mr. A seems to be MIA.

Get silver to bolt will you...it needs a kick in the arse.

: ) : ) : )

Tom

sharefin
(Tue Jan 05 1999 11:05 - ID#284255)
LGB - has there ever been a time like this before???????
Has there ever been a time in the past 10 years when the Dow has been so high?

Has there ever been a time in the past 10 years when fiat paper has been so grossly overvalued?

And commodities valued so low?


NASB.......NASB

Now when will this change???

What would gold be worth at Dow 6000?
What would gold be worth at Dow 3000?

Seems like we're standing on the top of the mountain and the view has never been this good before.

As they say -- it doesn't get better than this --
Or does it?

Cage Rattler
(Tue Jan 05 1999 11:19 - ID#33184)
Last week, Russian money supply increased 3.37%
MOSCOW ( AFP ) - Money supply rose 6.5 bln roubles to 199 bln in the week to Dec 28, the Central Bank was quoted as saying by Interfax. Money supply stood at 192.5 bln roubles in the week to Dec 21.


TYoung
(Tue Jan 05 1999 11:20 - ID#317193)
Mr. Kitner...one of the great aspects of this site WAS...
The prices of the PM's. Any chance of getting those going again? MIA...kind of like Mr. A.

Please, pretty please. TIA

Tom

TYoung
(Tue Jan 05 1999 11:36 - ID#317193)
30 year Bond....hmmmmmmm
We watch this new Bond market together. How big is this market? Wow, if it tanks...duck. IF, IF....tick tock...paper...burns...gold...sits...this is good about every 60-80 years. Tick tock.....

Tom

Cage Rattler
(Tue Jan 05 1999 11:56 - ID#33184)
ECB reserves and gold fraction thereof
Today that ECB reserves totalled $268b on January 1, of which $118b is held in gold. This compares with U.S.'s $135b and Japan's $227b. This leaves a lot of room for "rationalization", especially the gold. Any thought on what the ECB will do? Could have negative implications for the dollar and gold in light of the overhang?

hugo
(Tue Jan 05 1999 12:01 - ID#404312)
charts

anybody hear any rumors about silver. warehouse stocks have risen over 1 mil in last week so it's not that.

looking at mar 93 chart and have same kind of action after the low was hit--sharp move up after low then a double top followed by another rise, another double top and etc.

could get that rise over 5.20 quickly

Cage Rattler
(Tue Jan 05 1999 12:16 - ID#33184)
@SDRer - how synthetic euro rates are calculated pre 1/1/1999
HSBC's Model D approach is used by Bridge Telerate.

The starting point involves calculating the amount of the component currencies. Next, implied weights are applied. This can be done in different ways but Model D uses trade weighted factors. The trade weighted index ( TWI ) has been constructed to assess the relative performance of the Euro against other currencies.. The reason for doing so is twofold. First it provides a means of assessing the general performance of the currency against an assortment of others. Second it provides a better gauge for the impact of an economy ( i.e. the current account and inflation performance ) of changes in the value of the currency than would bilateral rate movements. The TWI is a simple geometric weighted average of the bilateral exchange rates of EMU and its top 36 partners. The percentage trade shares have been used as weights. The TWI has been constructed from the synthetic Euro exchange rate series.

Market items for calculation
The rates for each currency pair are derived from the following rules:
( 1 ) . The Euro is assumed to consist of a basket of currencies.
( 2 ) . The ECU spot rate at the time of its final fixing is taken.
( 3 ) . The Dollar weights are derived from the trade weights by scaling the trade weights so that they sum to the ECU spot rate.
( 4 ) . The local currency weight for Germany is calculated from the dollar weight for Germany and the DEM spot rate at the time of the final fixing.
( 5 ) . The market spot rate for the other countries are derived by multiplying the DEM spot rate by the bilateral fixing rates.
( 6 ) . The local currency weight for the other
countries is calculated from the dollar weight for each country and the appropriate market spot rate at the time of the final fixing.
( 7 ) . The dollar value for each country at any time prior to the final fixing is calculated by dividing the appropriate local currency weight by the spot rate at the relevant time against the dollar.
( 10 ) . The resultant historic files are scaled on January 1st to ensure that 1 ECU equals 1 Euro with respect to all currencies.


Cage Rattler
(Tue Jan 05 1999 12:22 - ID#33184)
Iran makes military training compulsory for teen-age boys
TEHRAN, Iran ( AP ) - Iranian boys between the ages of 13 and 18 will now be required to undergo military training courses, a newspaper reported Tuesday.

Under the ``defense readiness'' training program, boys in junior high will receive one hour of training each week, while high school students will have to take at least one military training course, the daily Abrar newspaper quoted Iranian Education Minister Hossein Mozaffar as saying.

Two optional training courses also will be offered to high school boys, he said. The minister gave no reason for the new policy.

At 19, Iranian men are required to serve in the military for 18 months unless they get special exemptions.

Iran fought an eight-year war with Iraq in which at least a million people were killed or wounded, many of them Iranian teen-agers.

The 1980-88 war ended with a U.N. brokered cease-fire, but the two sides have never signed a peace treaty and animosity has persisted between the two neighbors.


MM
(Tue Jan 05 1999 12:23 - ID#347167)
Green lights on XAU/HUI/GOX
First bet on AU-stox made for 1999
loss limit = -5% ( ratcheted never goes down ) 7Dma ( as usual. )
profit limit = 10% 7Dma
Looking for a good two to three week run : ) we shall see...



Cage Rattler
(Tue Jan 05 1999 12:37 - ID#33184)
Tales of woe for oil producers
Nigerian oil revenues in 1998 down 43.3% from 1997. This loss of revenue was 28% of country's budget.

Allen(USA)
(Tue Jan 05 1999 12:40 - ID#246224)
Aragorn III @TheGoldMine
We do agree. And I'm glad to have the opportunity to hear your understanding. A good point of view. I get stuck on words. I still think of gold as different than 'commodity' because it is essensial 'useless' in terms of industrial or other functional uses ( ie - tonnage used ) . The white precious group is used predominately, as you know, for their respective physical properties: electrical, chemical. Whereas gold is really not as useful since it is rather soft, tends to become brittle and flakey, etc. It is essentially inert and does have a good electrical conductivity, yet is easily replaced by other, more robust, materials.

In fact the only real use, because of its properties, which make any sense is as money: inert, divisable, recognizable, assey-able. It is not easily mined or refined and so is inflatition of supply is much less a problem.

So, commonity or money, we will let it be what it is so effortlessly: gold.

Thank you for the dialog on this.

Go gold!

Allen(USA)
(Tue Jan 05 1999 12:42 - ID#246224)
Selby@Webster'sCommodityDefinition
So, I have just yesterday bought Webster's and will be changing the definition to my own in the next edition ;^ )

Allen(USA)
(Tue Jan 05 1999 12:51 - ID#246224)
All who responded to last night's squeaking from me.
Thanks for you comments either way, on the commodity vs money issue.And to all those who took the other side of this well, Your _wrong_. I'm _right_ and; "NA-nner, nANNer, NA-NNER!!!".

Your a great group. Let's have a good run up in gold for all our sakes, OK?

Go gold! ( you dog you - Arf! )

John Disney
(Tue Jan 05 1999 12:53 - ID#24135)
platinum dreams ..
To all platinum people ..
The amplats strike has apparently been settled ..
Many platinum traders ( and a recent poster ) take
strikes in RSA at Christmas seriously ... not me . they
are routinely employed to get a couple of days extra
vacation ..

to all cricket people ..
RSA on way to four straight against the
windies .. God bless the aussies for
taking the poms apart ...

John Disney
(Tue Jan 05 1999 12:54 - ID#24135)
platinum dreams ..
To all platinum people ..
The amplats strike has apparently been settled ..
Many platinum traders ( and a recent poster ) take
strikes in RSA at Christmas seriously ... not me . they
are routinely employed to get a couple of days extra
vacation ..

to all cricket people ..
RSA on way to four straight against the
windies .. God bless the aussies for
taking the poms apart ...

Cage Rattler
(Tue Jan 05 1999 13:02 - ID#33184)
Trade of the Century ?
Amer. Assoc. of Economists annual meeting ending today in NYC,, a couple of major presentations re privatising Social Security/and or equity investment by SS funds...Greenspan in attendence....the whole subject is gearing up and should become a major topic this Spring....To have an inventory of securities to sell into this if it ever happens would be the trade of ...

Tantalus Rex
(Tue Jan 05 1999 13:06 - ID#372182)
SHORT COVERING TAKING PLACE NOW
Volume on ABX trading at the TSE is a whopping 7.5 Million shares!!!!!

I've been wrong many time on this form, but one thing I'm almost certain of.... once the large ( 15Million ) short position has been covered with ABX... then Gold has bottommed out, the gold bull has begun.

( ABX has been manipulated like the POG simply cause of it's large market cap, it influences the XAU tremendously )

Selby
(Tue Jan 05 1999 13:13 - ID#286230)
Flag's Platinum/Palladium Potential
http://www.newswire.ca/releases/January1999/05/c1201.html

Allen(USA)
(Tue Jan 05 1999 13:21 - ID#246224)
Y2K-ness: Blue Cross/Blue Shield starting to lock up
An announcement about Washington, DC BC/BS perscription system failure and our recent experience. Y2K is happening now. Why else would Kaiser Permanente System be printing and issuing paper vochers for 1999???

~~~~~

BC/BS screw up. How long will it take for them to get this thing fixed? Work around ( the entire nation is facing this similtaneously ) ? Think about the calls this is generating. This paralyzes other operations, don't cha know.

"Please be advised that we are experiencing some difficulties with Blue Cross and Blue Shield. We recently sent Blue Cross an electronic file of 1999 enrollment. Blue Cross has notified us that their computer system has not processed all of the data properly.

As a result you may not have received your 1999 medical identification card or you may have been notified that your coverage has been canceled or you may have had an invalid Primary Care Physician appear on your ID card. Blue Cross and Blue Shield is working expeditiously to resolve this. New and corrected ID cards are expected to be mailed out this week.

Please be assured that the coverage you elected on your 1999 benefit enrollment form, which also appeared on the benefit confirmation mailed to your home is in affect for January 1, 1999. I expect that Blue Cross's system will properly reflect this within a day or two.

Many of you may have been trying to reach us in the benefits office. We have been inundated with calls and are responding to them as quickly as possible. Please be patient as we continue to work with Blue Cross to resolve this matter. Thank you."

~~~~~

We also know that 13 USA States medicaid ( ? ) systems have now fried because they didn't do anything to fix them. News starting to leak out.

summicron
(Tue Jan 05 1999 13:40 - ID#287247)
Gold Has Uses
because it doesn't tarnish or corrode, and thus lose its electrical
conductivity. So it is used for the contacts in cameras between the lens and body. Also it is used for high end hi-fi cables and plugs for the same reason.

PMF
(Tue Jan 05 1999 13:44 - ID#224363)
@Tantalus Rex (SHORT COVERING TAKING PLACE NOW)
Most of that volume appears to be a block trade ( around 6M ) . Don't think that is short covering. Maybe a cross between houses or Mr. Munk and friends are raising some cash to buy real estate.


El Borak
(Tue Jan 05 1999 14:00 - ID#230155)
Allen - Y2K
The 13 states ( and D.C. ) were unemployment insurance systems, not medicaid. These systems needed to enter 1/1/2000 dates in order to set the limit on how much unemployment a person could draw.

I think they got around them ( for now ) by expiring everyone on 12/31/1999. Here's the story from the Washington Post:
http://www.washingtonpost.com/wp-srv/WPlate/1998-12/23/051l-122398-idx.html

Being a collector of "insurance Y2K problems", I am interested in the BC/BS messup. Can you give me more info? And can I share it?

billhoyt ( at ) my-dejanews.com

Copyright 1999 El Borak, inc. Makers of Who'sYourDanny? brand home DNA kits. Some dissembly required.

L. Long
(Tue Jan 05 1999 14:03 - ID#245113)
Price of gold relative to bread.
I have heard it mentioned several times on this forum that the price of bread relative to gold is nearly a constant ( Also heard interesting things about the price of salt ) . Would anyone happen to have any historical data for this? I've been doing some web research, but have been unable to find anything useful.

Thanks

Goldteck
(Tue Jan 05 1999 14:04 - ID#431200)
GOLDCORP
http://biz.yahoo.com/rf/990104/2w.html

LSteve
(Tue Jan 05 1999 14:07 - ID#316256)
Gold uses
Look inside the avionics of any aircraft, military or civilian and you will find gold all over the place. Satellites also. Gold does not corrode, thus it makes good connectors and many cases and shielding are gold plated. The King Radio Company has a product line called the Gold Crown. The cases of the radios were gold plated until 1980 when the cost became prohibitive. If you look at the cases of most Gallium Arsenide transistors ( used for UHF and SHF applications, and hugh growth potential in wireless LAN applications ) these are all gold plated.

ALBERICH
(Tue Jan 05 1999 14:25 - ID#212197)
Here are the Frozen Euro Rates of the 11 Member Countries
1 EUR = = 40.3399 BEF


= 1.95583 DEM


= 166.386 ESP


= 6.55957 FRF


= .787564 IEP


= 1936.27 ITL


= 40.3399 LUF


= 2.20371 NLG


= 13.7603 ATS


= 200.482 PTE


= 5.94573 FIM

SDRer
(Tue Jan 05 1999 14:32 - ID#290172)
Cage Rattler- re: The Ten Commandments of New Money

Many thanks! I gave a lil presentation some while ago, in the Swift 'Modest Proposal' spirit, about a world where the medium of exchange had become the article of speculation. Some folks got quite upset.{:- )


G-Nutz
(Tue Jan 05 1999 14:47 - ID#433143)
L. Long
I believe in revelations it say something about the price of gold relative to bread?? : ) )

Envy
(Tue Jan 05 1999 14:59 - ID#219363)
@G-Nutz
We had this discussion on Kitco a few months ago, I can't remember exactly when it was. Here are the two sections from Chapter 6 of Revelations, I believe these are from the King James. Anyway, I seem to remember a "penny" being translated from a Roman coin, I can look it up again if you want to know.

6.5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.

6.6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

Isure
(Tue Jan 05 1999 15:06 - ID#421269)
Black Gold, Arkansas Tea

http://www.stormfront.org/truth_at_last/archives/danny.htm

gunrunner
(Tue Jan 05 1999 15:19 - ID#354133)
Too little, too late (see article)
The guardians ( U.S. policy makers ) have already given away the hen houses. U.S. industrial manufacturing base has rapidly gone out of our territorial boundaries and continues to flow towards expedient and/or cheaper labor. The U.S. no longer manufactures a great deal of its own communications electronics ( TVs, radios, computers/components, etc. ) And it is rapidly allowing its sources for steel, cars, industrial tooling, and textiles to come from foreign manufacturers.

High technology innovation, while originating in private industry within U.S. soil, more often than not gets sold, exported, or otherwise ends up overseas ( usually through various multinational corporation agreements and/or aggressive intelligence gatherers from our "former enemies". ) All with blessings from our current elected "leaders". Read the article to see who is whining the most about U.S. efforts to limit certain exports...

AND

They are asking the WRONG people to answer the questions being posed to them... "An elite group of future military leaders" ( Lt Colonels and above ) should be thinking about better ways to conduct battlefield operations in the continuing austere military environment.

~~~~~~~~~~~~~~~~~~~
Defense News
January 11, 1999
Pg. 1

Is U.S. Security Threatened By Global Industry?

By Colin Clark, Defense News Staff Writer

WASHINGTON --The question of protecting the U.S. military's technology edge is the theme of at least one of the Pentagon's ongoing studies of defense industry globalization.

John Hamre, U.S. deputy defense secretary, has directed an elite group of future military leaders to study how the U.S. armed forces can continue to enjoy technical superiority over potential enemies in an age dominated by the rapid worldwide dissemination of high technology. Hamre's internal Aug. 26 memo to the Defense Secretary's Strategic Studies Group, obtained by Defense News, offers a detailed look at his views on an issue Hamre and other Pentagon leaders have discussed only sparingly in public.

The Strategic Studies Group was created three years ago. Officers are picked from each service with an eye to their "high flag/general officer potential to focus [each year] on a strategic management [issue] of personal interest to the Secretary of Defense," according to a memo by Andy Marshall, director of the Office of Net Assessment. Marshall guides the officers in their work.

Hamre wants the officers to address four principal questions:

* "Does the globalization of American commerce threaten our ability to sustain a long-term technological advantage over potential competitors?" he asks in the memo.

* "What long-term threats to our national security are associated with the movement of key component manufacturing capability to foreign or multinational companies?"

* "Can we develop trade/security policies that control the flow of key military technologies in this global economic marketplace?"

* What "implications does corporate migration to open network architectures have for the security of the networks that are essential for military operations" and is the United States ready to counter such threats?

Many U.S. and European industry representatives worry that this approach is too negative, focused on controlling technology that already has escaped Pentagon hands. Failure to recognize commercial facts on the ground -- such as the inherent inability to control the spread of information technology -- could hobble U.S. companies in the international marketplace, these observers fear.

"If the Pentagon doesn't work out a better approach, U.S. companies are going to get screwed," one industry consultant said.

Traditionally tight U.S. controls on technology transfer will mean that U.S. firms cannot compete in the global marketplace, he and other industry representatives said.

But at least one proliferation expert worries that Hamre's memo points the opposite way.

"It seems as though the presumption of the memo is that, quite possibly, you can't control military technologies," said Henry Sokolski, deputy for nonproliferation under President Bush.

Sokolski said the Pentagon's policies on exporting technology have become more relaxed since President Bill Clinton took office in 1993.

"In light of that trend, you've got to worry we are in for another round of relaxation rather than informed innovation that will revive restraint," he said.

2BR02B?
(Tue Jan 05 1999 15:21 - ID#266105)
Isure

In the interest of full disclosure, the frontispage for
that website--

http://www.stormfront.org/

There is the possibility of daisies from dungheaps I guess,
bring gasmask.

One discovery of this wondrous worldwide web is the number of
nuts out there. Another discovery is that now they're linking up.

LGB
(Tue Jan 05 1999 15:30 - ID#269409)
Gnutz, Envy... More than a penny
Actually the measure of wheat for a penny, is a bit lisleading. The accurate translations from the hebrew text say a measure of wheat for a Denarious, which is a coin that represented about a days wage.

This price would be considered quite inflated, thus grain will be expensive and hard to come by after this partuclar famine inducing plague, but apparently other commodities, oil and vineyards, will not be seriously affected.

There is another reference which I'll try and find later "at home".., which indicates that Gold & silver will become worthless as "disaster" hedges during the tribulation period.

MM
(Tue Jan 05 1999 15:31 - ID#347167)
Isure,
The homepage of that last link...
JTF spoke of this phenomenon yesterday : )
I must register my extreme opposition to ( what I understand to be ) their philosophy.

StormFront =
The White Nationalist Resource Page.
World Wide White Pride.
( In a stylin' teutonic font to boot )

Maybe their reports aren't prejudiced?



Isure
(Tue Jan 05 1999 15:38 - ID#421269)
2Bro 2B
You are right and my apologies are in order. My intentions were for the pictures only and did not realize the racist nature of this site.

When we have to resort to the likes of Larry Flint and smut monkers we are all cheapened by it. The office of president in this country has become the laughing stock of the world and it hurts when my children ask if President Clinton really did these things, but two wrongs don't make a right. To all at Kitco please excuse my lousy judgement.

2BR02B?
(Tue Jan 05 1999 15:52 - ID#266105)

Isure- plenty big enough of ya for me. For what it's worth,
I find boatloads of bigotry, propaganda, hate speech,
Hitlerian methods and worse emanating from the PC crowd,
polluting and poisoning the air.

cherokee
(Tue Jan 05 1999 15:53 - ID#343449)
@....klinton.going.down..........look.back.......see.forward....damned.coffee.burned.my.lip!

interpet this ANYway you want......

posted here again......

a blast from the distant past....

who wrote it? who lived it?

V.83 A hypocritical leader from a powerful nation who loves to quote from the Bible.

Ceux qui auront entrepris subvertir
Non pareil regne puissant et invincible
Feront par fraude, nuits trois advertis
Quand le plus grand a table lire Bible

NOTE:
Entrepris: enterprise, scheme; subvertir: to subvert; nonpareil: non-parallel, unequal; puissant: powerful; advertis: advertise; lire: read.

Those who plan a subversive scheme
In the reign of unequal power and invincibility
Through fraud shall advertise ( a campaign ) for three nights
While their leader is reading the Bible at his table

COMMENT: ( Let the reader himself figure out whom this quatrain implies. )

VIII.14 An immoral leader.

Le grand credit, d'or, d'argent, l'abundance
Aveuglera par libide l'honneur
Cogneu sera d"adultere l'offense
Qui parviendra a son grand deshonneur

NOTE:
Aveuglera: shall blind; libide ( libido ) : sexual desire; cogneu ( cogner ) : to hit, knock; adultere: adulterer; parviendra ( parvenir ) : to obtain, reach.

Great credit, of gold, of silver in abundance
Shall blind his honnor through sexual desire
Shall be struck with his aldultery offenses
Who shall obtain a great dishonnor

COMMENT: Do this quatrain and the previous one both describe someone that we know?
More to come.

VI.13 A dubious US president shall be impeached.

Un dubieux ne viendra long du regne
La plus grand part le voudra soustenir
Un captiole ne voudra point qu'il regne
Sa grande chair ne pourra maintenir

NOTE:
Dubieux: dubious, shady; plus: most; plus grand part: by majority; soutenir: to support; captiole: an anagram of the word "capitol" or Capitol Hill; point: point, mark; pourra ( pourrir ) : to become rotten, decay; maintenir: to uphold, defend.

One dubious president shall not reign long
The majority of population shall give him support
But Capitol Hill shall not give high mark of approval
Such a great chair shall be upheld from decay

COMMENT: This president shall be impeached by Congress even he gains a majority of approval from his people. The English word " chair" indicates that this event shall occur in an English-speaking country. And the word "Capitol" clearly indicates US Congress.

'if i have seen farther than others, it is because i have stood on the
shoulders of giants' .......sir isaac newton

'the farther back you can look.....the farther forward you can see'
.........sir winston churchill

cherokee!;..standing.on.giants.shoulders...looking.back.to.see.forward..



yellowcab
(Tue Jan 05 1999 15:58 - ID#18355)
tantalus rex on abx
i don't follow tse, but is the abx volume a lot over the norm? i usually see around a million shares trade on the nyse give or take. and today i saw a block of 1000 hm options go off on the buy side for july calls 12 1/2 strike. a big bullish bet.

i think your logic is correct on the short covering but maybe there are other reasons for the volume seeing that it is early in year. i don't want to jump to conclusions, nice observation.

LGB
(Tue Jan 05 1999 15:59 - ID#269409)
Speakin o' Revelations (and the Euro) 666, mark o the beast
In Revelations 14:18, the "Mark of the Beast", is discussed. Commonly translated as the well known "666"... in fact, if you study commentaries from serious scholars, ( or look in the footnotes of any good study bible such as the Ryrie NIV ) you'll find that the translation MAY be 616, not 666. This is due to the fact that some of the oldest Hebrew texts say 666, and some say 616. Scholars aren't sure which is accurate.

The point of the above? OK..the classic interpretation of serious biblical propehtic scholars, Eschatologists..is that the "Beast" in the context of the chapter, represents the end times revived Roman Empire, AKA the EU. The "Mark of the Beast" will be some type of permanent mark, say a bar code implanted chip under the skin, or a scanable tatoo, without which future global citizens will not be able to conduct commerce.

Finally getting to the point about the 616... I saw a picture of the new 1 unit "Euro" coin design...and noted with interest that it shows 6 stars, divided by a 1, and 6 more stars. Along with a little map relief of the "Revived Roman Empire"...the EU.

It may mean something....you never know.....it's interesting.

Also had a large full page article in today's business seciton of the San Jose Mercury News all about the new Euro and how it may bury the U.S. dollar and any other competitive currency vehicles in the future, giving added strength to the European Union, and dsiplacing the U.S. as the world's primary economic power center.


LGB
(Tue Jan 05 1999 16:01 - ID#269409)
Speakin o' Revelations (and the Euro) 666, mark o the beast
In Revelations 14:18, the "Mark of the Beast", is discussed. Commonly translated as the well known "666"... in fact, if you study commentaries from serious scholars, ( or look in the footnotes of any good study bible such as the Ryrie NIV ) you'll find that the translation MAY be 616, not 666. This is due to the fact that some of the oldest Hebrew texts say 666, and some say 616. Scholars aren't sure which is accurate.

The point of the above? OK..the classic interpretation of serious biblical propehtic scholars, Eschatologists..is that the "Beast" in the context of the chapter, represents the end times revived Roman Empire, AKA the EU. The "Mark of the Beast" will be some type of permanent mark, say a bar code implanted chip under the skin, or a scanable tatoo, without which future global citizens will not be able to conduct commerce.

Finally getting to the point about the 616... I saw a picture of the new 1 unit "Euro" coin design...and noted with interest that it shows 6 stars, divided by a 1, and 6 more stars. Along with a little map relief of the "Revived Roman Empire"...the EU.

It may mean something....you never know.....it's interesting.

Also had a large full page article in today's business seciton of the San Jose Mercury News all about the new Euro and how it may bury the U.S. dollar and any other competitive currency vehicles in the future, giving added strength to the European Union, and dsiplacing the U.S. as the world's primary economic power center.


Envy
(Tue Jan 05 1999 16:06 - ID#219363)
@LGB
I guess it's the same as it ever was. If people need food, it's good to have a bunch of it. If people need water, it's good to have a bunch of it. If people don't need oil and wine, go short *grin*. The "just in time" inventory paradigm has it's problems, especially when the shelves at the grocery store are cleaned out.

Got barbecue flavored Fritos brand corn chips from Frito-Lay ?

Envy
(Tue Jan 05 1999 16:10 - ID#219363)
@LGB
The problem with the modern "grocery store" is that it doesn't.

yellowcab
(Tue Jan 05 1999 16:15 - ID#18355)
Barton Biggs on CNBC
best trade right now is to short US blue chips, the chick was shocked to hear that.

ChasAbar
(Tue Jan 05 1999 16:25 - ID#287358)
Brokers...
Please tell me where I can go to buy junior mining shares where the toll is less than $60.00 per transaction. If I buy $1000. worth of a stock, I don't want to pay 6% both coming and going. Thanks.

Jim
(Tue Jan 05 1999 16:45 - ID#252452)
LGB - Revelation 666
It is very interesting to read your comments regarding the mark of the beast and the famines etc which will occur during the tribulation which is coming on this world. Please do not overlook the fact that it is not necessary for anyone to endure this coming terror. All who have trusted in Jesus Christ as their saviour, and are thereby members of His church, will be raptured to heaven before the tribulation.

When all this trouble is causing "mens hearts to fail them because of fear" I will be enjoying the presence of the Creator and Lord of the universe. "at his right hand there are pleasures for evermore"

FOX-MAN
(Tue Jan 05 1999 16:47 - ID#288186)
COMEX METAL WAREHOUSE TOTALS...
COMEX Metal Warehouse statistics for Jan. 4

-- TOTALS
Gold 809,210 - 96 troy ounces
Silver 76,300,596 + 0 troy ounces
Copper 94,263 + 355 short tons

Charles Keeling
(Tue Jan 05 1999 16:47 - ID#344225)
@ ChasAbar RE: Inexpensive trades
I use E-Trade. It's on line, and they have a lot of
good features. Trades cost about 15.00 each.

You might also look into AmeriTrade. That too is an on line service
that is somewhat cheaper than E-Trade.

Good luck with those Juniors. I aslo have bought a few, looking
for perhaps 2 10 baggers out of the 8-9 now in my portfolio.

CoolJing
(Tue Jan 05 1999 16:51 - ID#343171)
LGB
Satan is a bright boy and is more clever than to use a bar code, I take
it to mean 'the mark of the beast' = worshipping the false Christ

lady_bug
(Tue Jan 05 1999 17:08 - ID#320202)
ChasAbar(Brokers...)
There are numerous cheap online discount brokers in the states, but in canada, I am with TD Greenline. they charge C$ 29.00 per 1000 shares , penny shares are cheaper, for info call 1 800 387 1050
http://www.tdbank.ca/greenline
hope that helps
l_b

BigFisherman
(Tue Jan 05 1999 17:23 - ID#258273)
Internet mania to continue?
From Red Herring:


If you thought 1998 was weird, wait until 1999 gets
traction. We've only begun to see the changes that the
Internet will cause to our economy. For example, watch for
these three trends in 1999:

1. Moonshot Internet stocks level off. Well, some will. But
that's only because a glut of IPOs in 1999 will do a better
job of absorbing a continued huge demand for new Internet
issues.

2. Microsoft loses ground. Microsoft is a technology
company. But in the new economy, technology is a supporting
player. Service and commerce -- accessible from any
platform -- will drive innovation this year.

3. Retail fights back. It was a slow holiday season in
retail, but online stores cleaned up. This won't happen
again -- retailers will fight back. Barnes & Noble is
already going after Amazon.com; other "bricks and mortar"
brand owners will get Internet religion as well.

These three trends point to a huge, sustained demand for
companies that create Internet services or support the
communications infrastructure.

Think 1998 was a boom year for the Internet? 1999 will put
it to shame.

BigFisherman
(Tue Jan 05 1999 17:31 - ID#258273)
Mark of the beast
As a biometrician I have always wondered, "Couldn't the mark of the best just be our fingerprints and retinas?" After all the technology is available and being implemented now for computer based commerce systems to recognize and approve transactions based upon these unique indentifiers.

JTF
(Tue Jan 05 1999 17:32 - ID#254321)
Kitco website at Limweech
Sharefin: Have you been at it again? This is great! I can actually read and post on Kitco in less than an hour.

If this is someone else's doing -- thanks!

Lou_Jan
(Tue Jan 05 1999 17:42 - ID#320136)
QTR
Good afternoon, all. Just picked up 5,000 Queenstake Mining
today. Anybody with any insights or opinions on this stock?
TIA!!!

longj
(Tue Jan 05 1999 17:56 - ID#30345)
heres one for EB the Euro symbol.....copy me
 use the right ALT+0128 for it....

longj
(Tue Jan 05 1999 18:08 - ID#30345)

 use the right ALT+0128 for it.......no $...just uro.

Hut
(Tue Jan 05 1999 18:10 - ID#347235)
Tantalus Rex---

If that was short covering on ABX, wouldn't the stock have moved more than 1/8 of a point. Thanks for any insights.

Donald
(Tue Jan 05 1999 18:25 - ID#26793)
@Kitco
Dow/Gold Ratio = 32.44. The 233 day moving average is 29.58

Donald
(Tue Jan 05 1999 18:28 - ID#26793)
@Kitco
XAU/Spot Ratio = .233. The 233 day moving average is .247

Donald
(Tue Jan 05 1999 18:37 - ID#26793)
Gwalia has cash and wants to buy a gold mine
http://www.theaustralian.com.au:80/finance/4223886.htm

yellowcab
(Tue Jan 05 1999 18:42 - ID#18355)
russia misses wheat payment to canada
so what else is new?
http://biz.yahoo.com/rf/990105/bcy.html

LGB
(Tue Jan 05 1999 18:50 - ID#269409)
Internet stocks... crack forming in the dyke?
Internet stocks lose favor as big-techs gain

By Stephanie O'Brien, CBS MarketWatch
Last Update: 6:07 PM ET Jan 5, 1999
NewsWatch


NEW YORK ( CBS.MW ) -- Internet stocks were mixed Tuesday after
investors poured money into large technology stocks, especially computer
hardware and semiconductor shares.

Wall Street analysts also said Internet stocks' expensive valuations can't be
sustained. And a sales report from Amazon.com might have provided a dose
of reality that could spell bad news for smaller online retailers.

The contrast was sharp. Computer hardware stocks surged Tuesday, buoyed
by strength in semiconductor shares. The Philadelphia Semiconductor Index
rose 6.2 percent with help from a product announcement from Intel ( INTC )
and soaring capital equipment stocks. See story.

Yet Internet stocks as measured by the Goldman Sachs
Internet Index rose 0.8 percent for the day. The
Amex Internet Index climbed 1.4 percent. Gains by
the Internet group, which had benefited from hopes
for online holiday spending, paled next to the broader
technology market.

The Nasdaq Composite Index, which contains many
technology issues, rose 43.22 points to 2251.57, a
newhigh.

"Internet stocks [have run up] because of online
avarice," said Rick Berry, a technical analyst at J.P.
Turner & Co. in Atlanta. "We're now starting to see a
decline that will be even more substantive as the first
quarter unfolds," Berry said.

Amazon.com ( AMZN ) said fourth-quarter sales more
than tripled to about $250 million. Yet the online
bookseller also cautioned investors that the higher
seasonal sales "will not translate into correspondingly
lower net losses in the fourth quarter

Donald
(Tue Jan 05 1999 18:53 - ID#26793)
The bull market in U.S. Treasury bonds is over
http://biz.yahoo.com/rf/990105/ba3.html

SDRer
(Tue Jan 05 1999 18:56 - ID#288155)
The euro currency symbol

These fonts contain the new euro currency symbol. Windows NT 4 users should download and run the 'NT 4.0 euro product update' or 'Windows NT Service Pack 4' and Windows 95 should run the 'Final Windows 95 product update' in order to use these fonts. See our Euro FAQ for links to these updates.
http://www.eu.microsoft.com/typography/fontpack/default.htm>http://www.eu.microsoft.com/typography/fontpack/default.htm
http://www.eu.microsoft.com/typography/fontpack/default.htm

Donald
(Tue Jan 05 1999 19:01 - ID#26793)
Royal Oak news
http://biz.yahoo.com/rf/990105/ba8.html

dirt
(Tue Jan 05 1999 19:05 - ID#215379)
Jim---the bible says in Revelation only 144,000 will go to heaven to be with Jesus

skinny
(Tue Jan 05 1999 19:06 - ID#28994)
Chas A Bar
In regards to your post on Jan. 3 21.05, the mines of VENGF and GRERF, what exchange are they located on? I am still quite concerned about buying into the juniors at this time because of the economic predictions of all the major banks that there will be no major movement in the price of gold for at least 1 year. However, I do see your point that we should buy at the bottom. Myself, being quite greedy, I also am looking for the 10 bagger. However, I am very relunctant to invest in juniors that just cannot survive much longer with the present price of gold.
I noticed from a previous post that you are Canadian, eh?

2BR02B?
(Tue Jan 05 1999 19:08 - ID#266105)

http://www3.techstocks.com/~wsapi/investor/reply-7119673

EB
(Tue Jan 05 1999 19:18 - ID#230216)
online brokers....

Date: Tue Jan 05 1999 16:25

ChasAbar ( Brokers... ) ID#287358:

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

try here......

I use 'em

http://www.tradingdirect.com/

Can't beat $9.95 trade.............

however....... they won't do buy orders for shares UNDER a BUCK......or so it says here... use ANOTHER account for those.......... ( ? )

http://www.tradingdirect.com/YOR/Public/Commission-frame.html

away......




Rumpled
(Tue Jan 05 1999 19:30 - ID#411251)
Has anybody else noticed that the POG has been dropping lately? Why? TIA.


Denton,Tx
(Tue Jan 05 1999 19:32 - ID#27251)
who goes to heaven
Dirt, what kind of name is dirt? Anyway the 144,000 you speak of are from the tribes of Israel and have a purpose to bring the gospel to their people. ( Rev 7:4 NIV ) "Then I heard the number of those who were sealed: 144,000 from all the tribes of Israel." Those in heaven are from all nations, in fact every nation and they count in the millions. ( Rev 7:9-10 NIV ) "After this I looked and there before me was a great multitude that no one could count, from every nation, tribe, people and language, standing before the throne and in front of the Lamb. They were wearing white robes and were holding palm branches in their hands. {10} And they cried out in a loud voice: "Salvation belongs to our God, who sits on the throne, and to the Lamb.""


gagnrad
(Tue Jan 05 1999 19:42 - ID#43460)
It could be worse, much worse
The Emperor Calligula wore a dress and married a Roman soldier ( although it is not known whether they rode in a chariot ) . Go golf!

http://www.drudgereport.com/matt.htm

Rumpled
(Tue Jan 05 1999 19:45 - ID#411251)
Then there are those who scoff at all the Y2K girding.


"I don't think this will be the economic catastrophe
of the world," said Professor Michael Dertouzos,
director of the Laboratory for Computer Science at
the Massachusetts Institute of Technology.

"Imagine tomorrow morning one piece of paper in every
desk drawer in the world gets destroyed," he posited.
"What is the consequence of that to the world?"


Year2000
(Tue Jan 05 1999 19:52 - ID#235248)
Search the Bible
Here's a great source to find virtually anything in the Bible:
http:/www.bible.gospelcom.net/bible?
Let us know if anyone finds anything related to the POG!

James
(Tue Jan 05 1999 19:53 - ID#252150)
Caligula@Also made his horse a General. At least they had complete horses
for Generals.

tolerant1
(Tue Jan 05 1999 19:59 - ID#20359)
ah,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha,ha...
FOOD FOR THOUGHT: Wednesday's sale of U.S. 10-year index-linked notes is likely to yield a spread of 80 basis points below that of regular 10-year notes. This means that investors anticipate that inflation in the U.S. will average below 0.8% per year for the next ten years. Sure. And internet stocks are a good long-term investment. And the S&P 500 is undervalued with a P/E of 32.67. Look for the sun to soon be rising in the west.

http://www.goldminingoutlook.com/

James
(Tue Jan 05 1999 19:59 - ID#252150)
How many Angels can fir on the head of a pin? How many people in heaven?
And he said "verily, the road to hell is paved with good intentions". And he said "yada yada yada yada yada yada". And Jim Jones said "pass the cool-aid".

small investor
(Tue Jan 05 1999 20:08 - ID#105145)
Feb Gold
Feb Gold may be the low for the year. Usually the low point for the year.
I would be careful putting too much monies with online traders. A few margin calls on yhoo could wipe our their equity real quick. Any one notice that as of Dec 31, 1998 the circuit breakers kick in for the day at 2,700 points up from 500 points. I guess they forgot to mention that on CNN. A bird told me that a major brokerage firm is putting Gold on their focus list for the month of Feb. ( check and see what firm just bought a metals dealer ) . Money growth is moving towards 15% ( m-3 ) . Just a matter of time!

MoReGoLd
(Tue Jan 05 1999 20:08 - ID#348286)
@Kaplan Is Increasingly Bearish on the Markets - ALL-TIME High on the S&P P/E Ratio
EUPHORIA, LIKE THE POSTMAN, ALWAYS KNOCKS TWICE: As in 1930 and 1973, the biggest bear markets are always preceded with a final double top in the large-cap indices which is not confirmed by the broader market. Here it is, folks.

AND I SAID TO MYSELF, IT'S A BEAUTIFUL ( IF TOTALLY WACKY ) WORLD: On Tuesday, January 5, 1999, the P/E ratio on the S&P 500 closed at 32.67, a new all-time record.

The Hatt
(Tue Jan 05 1999 20:35 - ID#294232)
Hut/ ABX volume had nothing to do with short covering!
There was one multi million share cross executed late in the morning!

Roebear
(Tue Jan 05 1999 20:46 - ID#412172)
LGB 15:59,Jim,CoolJing,Big Fisherman
LGB, a very sharp observation on 616, this is a viable possibility. BTW, 11 nations current ( or 14 or whatever future ) may not mean much compared to 10 in prophecy, as numbers may change in future and also definition of nations in Bible means more in the sense of "peoples" than government divisions. Jim, right on and CoolJing likely so. Big Fisherman, whatever mark is it is something that has to be received by choice. This is definitive in the prophecy, as is free will.
Not that I am calling for a head to the hills, the end is now, terror in the streets etc., but it is definitely getting interesting to watch the fruit on that prophetic olive tree ripen.
As far as PM investments go, just more stuff going into the soon bubbling pot.
As far as where we all stand personally, not my responsibility, except to speak the truth as honestly as I know it. Like I said, free will, ( its your GIFT ) !

ALBERICH
(Tue Jan 05 1999 20:48 - ID#254112)
YES,it could be worse: Lawrentij Berija, Stalin's powerful
secret service chief, one of the most powerfull guys in the bi-polaric power establishment, used his "troopers", the secret service agents, to bring to him women which he saw randomly on his limousine rides through Moskwa and other places. His specialty were blond, nordic looking women.
He raped them in the most sadistic way. None of them ever returned. Their lives ended in the cellars of the KGB.

Miro
(Tue Jan 05 1999 21:08 - ID#347457)
@Roebear on EU and Revelations
Well Roebear, I won't try to argue if EU has anything to do with Revelations, biblical prophecies, etc. However, I would like to point out that the USA with all its states ( or as you say more in the sense of "peoples" than government divisions ) , using the US$ currency to screw up the world financial market while printing on these financial instruments "In God we trust" is more of the beast than the EU trying to fend it off.

Spock
(Tue Jan 05 1999 21:11 - ID#210114)
To all
This is a gold investment discussion group, not a Bible studies session.

summicron
(Tue Jan 05 1999 21:42 - ID#287247)
The Hatt/ABX

What is a "share cross"?

ERLE
(Tue Jan 05 1999 21:48 - ID#190411)
We're all in this together, no?
BANK FOR INTERNATIONAL SETTLEMENTS, CH-4002 BASLE

PRESS STATEMENT

10th December 1998

Multilateral financial assistance to the Banco Central do Brasil

Within the framework of an international financial support programme for Brazil, the Bank for
International Settlements ( BIS ) is coordinating a Credit Facility of up to USD 13.28 billion in
favour of the Banco Central do Brasil, with the backing of 19 participating central banks:
Banque Nationale de Belgique, Bank of Canada, Danmarks Nationalbank, Deutsche
Bundesbank, Bank of England, Banco de Espaa, Suomen Pankki - Finlands Bank, Banque
de France, Bank of Greece, Central Bank of Ireland, Banca d'Italia, Banque Centrale du
Luxembourg, Oesterreichische Nationalbank, De Nederlandsche Bank N.V., Banco de
Portugal, Schweizerische Nationalbank, Sveriges Riksbank, Federal Reserve Bank of New
York, as representative of the US Department of the Treasury, and Norges Bank.

This Facility, which has a draw-down period of one year, has been offered to the Banco
Central do Brasil together with a parallel Facility of up to USD 1.25 billion granted by the
Japanese monetary authorities. Upon approval by the Brazilian Senate, these Facilities can
enter into effect and allow the Banco Central do Brasil to apply for a first drawing of up to USD
4.18 billion under the BIS Facility, together with a corresponding drawing under the Japanese
Facility. Drawings upon both Facilities are linked to disbursements under a Supplemental
Reserve Facility provided to Brazil by the International Monetary Fund.
....
All for one, one for all.
I'd like yo see the references to the US Constitution that allows the Fed to act as agent of the Treasury Department. I am sure that that several of the other countries mentioned, which encompasses anyone with a relatively liquid currency, have overstepped their legal limits in the bailout for the banks that set up this horror.

Roebear
(Tue Jan 05 1999 21:49 - ID#412172)
Miro/states and Spock...just once more, thanks for your indulgence
I understand what you are saying about the dollar. BUT, there is competition in business and it makes no more sense to call the dollar a beast than it would have for US citizens to call the Swiss Franc a beast during the 70's. With the Euro intro the competition becomes more interesting and the currency fluctuations which admittedly hurt many may fall under the category of economic war preparations, so to speak. The shennanigans that have been going on in the world economy surely have more players than just the US. I also understand that Europe and others may chaffe under the green inked heel of the US dollar, hence the term "economic war".
I am not saying this is right, just the way it is.
States as governing bodies would not equal the definintion of "peoples" I was refering to. Ethnic origins would not define it either, not exactly. More like a cultural heritage coming from spiritual roots. also, it is obvious from the written Word that governments are often at odds with the truth and the hearts of their people. Nothing new under the sun.

Charles Keeling
(Tue Jan 05 1999 21:57 - ID#344225)
@ SPOCK RE: Gold Discussion
"This is a gold investment discussion group, not a Bible studies session."

I agree. It's been going on since about 2:00 today.

BUT: Gold goes up to 299. It then goes down to 280. It doesnt
matter what the TA experts say, or what the law of supply and
demand says. Gold is rangebound. Gold is controlled.

Everyone on the site is bored out of their mind. Waiting---waiting
waiting--for the other shoe to drop.

It is slack tide now, but soon we hope to finally see a major Sea
Change.

Sooon WJC, RR, AG, and the whole goon squad on Capital Hill wil
be gone. A scandal so rotten that it will offend even the
LIBERALS is overtaking those who now control our economy.

If that fails to move the POG, I will fall on my sword and sell
my entire portfolio. That, my friends will immediately cause
a huge increase in the POG. I am the last of the most hard headed
GOLD BUGS. When I sell, you will all see huge gains in your
GOLD portfolios.

What say you?






EJ
(Tue Jan 05 1999 21:57 - ID#45173)
Hello
Anyone heard from Gollum?
-EJ

gagnrad
(Tue Jan 05 1999 22:02 - ID#43460)
Spock, how about this Bible story?
There was once a rich 401k manager for a Fortune 500 company. And so it happened that he decided to take a month of diving in Cancun. So he called in his assistants and gave them each $10,000,000 to invest in his absence. One of the assistants put his money into an internet stock fund earning 60% per annum with hair raising swings in equity value. The second put his money into a portfolio of Ginnie Maes and Dow blue chips earning about 15% annually, but with less volatility. The third said to himself, "When the boss comes back with his tan next month the first thing he will ask me is how well his money is doing. He's such a hard@ss that if I don't maintain the money against all the market threats he will toss me out the window." So he bought gold hedged with some puts just in case the POG did keep going down.

Well you know the rest of the story? http://www.ozemail.com.au/~jduthie/bible/talents.htm

ERLE
(Tue Jan 05 1999 22:05 - ID#190411)
Speaking of the Swiss Franc.
Does anyone have an opinion on the next year for the Swissie?
I don't see much good for the USD, and the Euro is a contrivance to subjugate the several states of Europe, IMHO. The Swiss, if they can resist the propaganda of some of their politicians, might just come out of the impending currency wars less damaged than their neighbors.
The savings rate of the Swiss means that they will have a far larger buffer to withstand the deflation/inflation that I see coming.
Is the government debt there comparable to the rest of the Western countries?

BARUCH HA SHEM
(Tue Jan 05 1999 22:08 - ID#258302)
IM SORRY I MISSED THE BIBLE STUDY - PLEASE LET ME KNOW OF THE NEXT ONE
IN THE KING JAMES BIBLE- REVELATIONS CHAPTER 7 THE BIBLE SAYS THAT THE 144,000 WILL BE 12,000 MEN OF ISRAEL FROM EACH ONE OF THE 12 TRIBES. 12 TIMES 12,000 = 144,000. IN CHAPTER 14 OF REVELATIONS VERSE 1 IT SAYS----AND I LOOKED, AND, LO, A LAMB STOOD ON THE MOUNT SION,& WITH HIM AN 144,000, HAVING HIS FATHER'S NAME WRITTEN IN THEIR FOREHEADS. -2- AND I HEARD A VOICE FROM HEAVEN,AS THE VOICE OF MANY WATERS,& AS THE VOICE OF A GREAT THUNER: & I HEARD THE VOICE OF HARPERS HARPING WITH THEIR HARP: -3- AND THEY SUNG AS IT WERE A NEW SONG BEFORE THE THRONE, & BEFORE THE 4 BEASTS,& THE ELDERS:AND NO MAN COULD LEARN THAT SONG BUT THE 144,000 ,WHICH WERE REDEEMED FROM THE EARTH. -4- THESE ARE THEY WHICH WERE NOT DEFILED WITH WOMEN; FOR THEY ARE VIRGINS. THESE ARE THEY WHICH FOLLOW THE LAMB WHITHERSOEVER HE GOES. THESE WERE REDEEMED FROM AMONG MEN,BEING THE FIRSTFRUITS UNTO G-D & TO THE LAMB. -5- & IN THEIR MOUTH WAS FOUND NO GUILE: FORTHEY ARE WITHOUT FAULT BEFORE THE THRONE OF G-D. ( READ THE REST IF YOU WOULD LIKE TO KNOW ) IT SAYS THAT THESE 144,000 ARE GOING TO BRING IN END TIME PREACHING OF THE GOSPLE SO THAT EVERYONE WILL HEAR. THIS IS RIGHT AROUND THE TIME OF THE BIG WAR WHICH WILL HAPPEN.

Who Cares?
(Tue Jan 05 1999 22:12 - ID#189232)
Keeling Over The Starboard Rail
"If that fails to move the POG, I will fall on my sword and sell
my entire portfolio. When I sell, you will all see huge gains in your
GOLD portfolios. What say you? "

Offhand, I'd say that selling would increase the supply of
gold and drive prices down further. : )


BARUCH HA SHEM
(Tue Jan 05 1999 22:13 - ID#258302)
THUNDER
I MISPELLED THE THE WORD THUNDER IN VERSE 2

Charles Keeling
(Tue Jan 05 1999 22:14 - ID#344225)
@ The Scene OK...Who was it that started this?

Charles Keeling
(Tue Jan 05 1999 22:20 - ID#344225)
@ BARUCH HA SHEEM
CHEESHEAD....IS THAT YOU?

WELCOME BACK.

Earl
(Tue Jan 05 1999 22:25 - ID#227238)
Baruch:
Misspelling?? Who gives a damn. ...... Ain't nobody paid any attention to them caps anyway.

BTW, if you have any interest at all in communication, it would be in your best interest to make some effort to emulate conventional written communication. The conventions exist for a purpose. They make it easier to be understood. For an example you might re-read that ghastly paragraph you posted a moment ago. The caps make it nearly impossible to read.

aurator
(Tue Jan 05 1999 22:28 - ID#251181)
What this site needs is some blasphemous goldbuggery......
Right about now I'm grateful I got a Mac.
I can chill out from this God Discussion group and go play Rupture the Rapture.

Here's some publicity puff:

ELIMINATE THOSE ANNOYING CHRISTIANS FOREVER
WITH
"RUPTURE THE RAPTURE!"

Not a paste! Not a gel! "Rupture The Rapture" contains over one
megabyte of offensive graphics and heinous sound f/x's guaranteed to bring
soothing relief to irritations caused by Christian Fundamentalism or
DOUBLE your religious persecution back!

STRATEGIC DEFENSE INITIATIVE TECHNOLOGY CHEAP!

"Rupture The Rapture's" patented V.W.A.R.E. ( VolksWagen, Accelerator
Railgun-Equipped ) weapons system is a state-of-the-art particle
accelerator capable of destroying Soviet SS-20 missiles. Imagine what it
can do the average Heaven-bound Bible-Thumper!

{The idea is to shoot the Christians before they reach heaven}

Download Rupture The Rapture and other progs, like MacJesus ProGold {fer real, and on topic}
here

http://www.postfun.com/pfp/news/iviews/carr.html

skinny
(Tue Jan 05 1999 22:29 - ID#28994)
The bible
Every now & then we run across a discussion that I always enjoy, whether I agree or disagree, its the participants themselves that give me my greatest enjoyment. Somehow or other, I always sit back & wonder what these various people look like, what kind of houses they live in, and various backgrounds. I particularly enjoyed the nov. 3 discussion starting at 00.54 between MJPL and ending at 312 with MJPL, who obviously had a dislike for the Knights Templar. I have since lost track of MJPL, but the two other names involved are still regular posters on Kitco. There is very little said about the Templars, the world's greatest financiers & bankers that ever existed, because they are extinct. However, I really do enjoy the f-you contests whenever the bible comes in to discussion. Although a little off-topic, I find the discussion from the combatants very enjoyable.
shhhhhh.......the Templars are listening.

Charles Keeling
(Tue Jan 05 1999 22:32 - ID#344225)
@ Donald Re: Cheesehead returns
Would you have a word with Baruch. I think it is
Cheesehead with another name.

jims
(Tue Jan 05 1999 22:32 - ID#252391)
What I am pondering
Microsoft has a PE of 70, a price to book of about 20 and a valuation to sales ratio of 25 - yes that's 25:1. The stock has 2.5 billion shares outstanding; those shares rose in value five points today. The company's valuation and that of the market rose by 12.5 billion dollars today on account of the move in this one huge stock.

We hear about money coming into the market, 10 million into mutual funds a week ( or is that a month ) all sucked up, today, by the movement in one stock.

My question is: how do the inflow of funds relate in amount to the increased valuation in stocks - my sense is that its not equal. Far greated than the dollar inflows' impact on stock prices are the increases in margin accounts and the higher hopes of potential sellers who raise their asking prices - seems this could have devestating effects in reverse. Any stock market bulls thought of that??

/DOW 10,000 BEFORE GOLD $315?????

aurator
(Tue Jan 05 1999 22:36 - ID#251181)
Something fishy going on at kitco
Bart
I protest!
There's not enough discussion about fish on this Cod Discussion Group.

icthyologists_R_Us

Got shark & tatties?

piscetaur@tor

BARUCH HA SHEM
(Tue Jan 05 1999 22:36 - ID#258302)
NO IM NOT CHEESE HEAD
THE WORD OF G-D IS MORE PRECIOUS THAN SILVER & GOLD. PROBVERBS 3: 13-14 HAPPY IS THE MAN THAT FINDETH WISDOM, & THE MAN THAT GETTETH UNDERSTANDING: - 14 - FOR THE MERCHANDISE OF IT IS BETTER THAT THE MERCHANDISE OF SILVER, AND THE GAIN THEREOF THAN FINE GOLD.

BCIWN
(Tue Jan 05 1999 22:41 - ID#259323)
@EJ
Happy New Year EJ. And I hope it is prosperous and healthful to you.
Gollum posted sometime yesterday but I haven't read anything from him today.
EJ, I have been looking at the trader commitments for gold from last year at this time and the ratios are very close to where they are right now. Can you recommend a site that gives a good chart for gold so I can see how it moved with the commitments from last year.
Also, do you think the DOW and Nasdaq are just bubbles ready to burst,
or is the fed in control enough to bring them down slowly?

Gollum
(Tue Jan 05 1999 22:43 - ID#43349)
Perspective
There has been some talk of deflation due to the overall decline of commodity prices. Examination of the CRB spot index, however, reveals that cyclical dips in prices are a regular occurrance. Indeed one can see that even with the impact of the "Asian crises" brought on by the high dollar and the "hot money hurricane of recent years the latest dip is reaching a point where major reversal would not be surprising.

http://www.crbindex.com/crbspot/crb-b7.gif

There is even some evidence that such might be the case in that precious metal equities aew often a leading component in commodity price trends.

http://www.securitytrader.com/daily/zgold.gif

It might be further noted that some volatility has begun to creep into silver prices in the last few days.

EJ
(Tue Jan 05 1999 22:43 - ID#45173)
aurator
Hi. I've been away. Any word from Gollum?
-EJ

Charles Keeling
(Tue Jan 05 1999 22:48 - ID#344225)
@ Baruch Hashem If you are NOT CHEESEHAED then..
Undoubtably you must be.....ANOTHER If so, oh wise
one, tell me why oil & gold is so low.

ChasAbar
(Tue Jan 05 1999 22:51 - ID#340383)
EB, Skinny
EB, thank you. I will get specifics from the onliner you listed.

Skinny... I don't recommend that you buy any of the juniors. I was just telling youse guys what steps I just made, and that I am wanting to buy with far less commissions next time. The two juniors you asked about are listed on the Nasdaq.

Further thought, any mining stock with palladium or platinum in it's name ( or in it's intention ) has an automatic kicker in the price, when PGM's make their next move up. Wouldn't you say, eh?

No, I'm not Canadian. 'cept when I travel.... I wannabee a New Zealander, but the complicated politics of family prevent that at this time. To have even one cup o tea with Aurator would be awesome.

panda
(Tue Jan 05 1999 22:52 - ID#50149)
Politics explained, lefty style....
"The issue is never THE issue, the issue is the REVOLUTION!"

Apply that logic to the current political scene, and lefty liberalism and you will understand much.....

aurator
(Tue Jan 05 1999 22:56 - ID#251181)
Chasabar
I look forward to it. Right now we could boil the billy on my sunburnt shoulders. Spent 3 minutes too long in the searing GOLDen sun at the beach this arvo, and I'm as scarlet as the Crayfish we had for dinner a couple of nights ago.



BCIWN
(Tue Jan 05 1999 22:59 - ID#259323)
@ Gollum
You will have to take off the magic ring more often so we know where you are. And a Happy healthy New Year to you my friend! If you don't mind me calling you friend!!
I have to say, my bet is with EJ and that we are headed deeper into deflation. Now unless either you or Gandalf can show me a clearer, brighter future,I see deflation .

panda
(Tue Jan 05 1999 23:00 - ID#50149)
As in oil....
The fact that oil is cheap is all that matters, not WHY is it so cheap. Thus, we can inflate with no 'inflation' because it's costing less to fill your gas tank. Meantime, the band plays on in Washington, D.C. The populace willingly accepts this moral reprobrate for president as being 'good', because their gas tanks are full with cheap gas and all seems well. But, behind the curtains, their agenda goes on... Yes, it is late in the Roman Empire. Good night all.

gagnrad
(Tue Jan 05 1999 23:01 - ID#43460)
Another tangent: coins to Caligula to emperors to barter to Gresham's law
And you read it all on Kitco. This is all very loosly connected except for the last one which is a solidly written discussion of Gresham's law. ( Like most really deep doodoo on the Net it is in one of those damned .pdf files, which in the present incarnation of my computer is savable only by manual extraction from the temp files! )

virtual catalog of roman coins
http://artemis.austinc.edu/acad/cml/rcape/vcrc/index.html

spicy biographies of caligula and some others
http://www.xs4all.nl/~kvenjb/madrome.htm#flavian

list of roman emperors
http://www.salve.edu/~dimaiom/impindex.html

intersting intro to a computerised multibarter system
http://www.globalideasbank.org/BOV/BV-96.HTML

link to a .pdf file discussing Gresham's law
http://research.mpls.frb.fed.us/research/qr/qr1012.html

nuggets
(Tue Jan 05 1999 23:02 - ID#386129)
Gold not going in the right direction?...feel the need to abuse a poster?
do it in a shakespearean manner...Thou beslubbering, paper-faced fustilarian. neat little program for that instant response....email nugget0@yahoo.com.....if you have the need

BCIWN
(Tue Jan 05 1999 23:03 - ID#259323)
@v Gollum
Did you make that chart for security trader?

aurator
(Tue Jan 05 1999 23:10 - ID#251181)
Insults
Nuggets
or you could
http://www.pangloss.com/seidel/Shaker/index.html?
or

http://www.thegrid.net/napoleon/insult.html

Gollum
(Tue Jan 05 1999 23:12 - ID#43349)
More perspective
Although the major stock indices comprised of high cap stock averages have been posting highs recently, an examination of broader based averages such as the Russel 2000 or the Value line composite shows this is somewhat misleading. For instance this Value Line chart shows that not only has the most recent rally of the past few weeks failed to regain the summer highs, it has not even regained the lows of a year ago. Infact the MACD indicates it may be close to the verge of another drop.

http://www.marketgauge.com/charts/CMACD.GIF

The chart is rather reminiscent of another more infamous point in the history of the markets.

http://www.lowrisk.com/image/29crash.gif

Note that in '29 the real killer decline did not occur until some time into the beginning of '30

The dichotomy of price levels between the high cap and broader based stocks is created in large part by the operations of large funds which, because of their current defensive posture and the continued influx of 401k funds, tend to support the more well known issues. However, the funds are running low on cash and will begin to run even lower as the economy declines and unemployment rises.

http://www.marketgauge.com/charts/CMFCASH.GIF

So, if one considers the precipitous decline from the summer highs as the "first wall" of the eye of the storm and considers events of '29, one might expect the "second wall" sometime in late winter or early spring of '99 this time.

Charles Keeling
(Tue Jan 05 1999 23:13 - ID#344225)
@ panda re: last days of the Roman Empire
Well said. I accept that as a reasonable explanation
of todays status quo.

I suppose that you never want to over estimate the
intelliigence of the average person.

I really think that the average American just does not
get it. There is no free lunch. Perhaps there should
NOT be a law. WJC sees himself above the law, why should
we not see ouselves above the law?

ChasAbar
(Tue Jan 05 1999 23:14 - ID#340383)
still looking
I am still looking for a discount broker that will handle orders for shares under $US1.00 ( I bought 6 different ones this week ) and ditto with Canadian shares ( I bought two this week. )

My present broker charges $US60.00 minimum,with 3% being the top. If I place a big order which is filled over a period of several days, I get dinged $60.00 each day. Maybe I cannot get around this, but it certainly serves to discourage investors. Am I wrong, or is there a need to be filled here?

I guess these problems with low-priced stocks are part of the reason for reverse splits.

Maybe I am hard-headed, or just plain foolish, but I think that when stumbling blocks appear on the road ahead of me, and I carry on, regardless, I am walking a road seldom travelled, and the reward may be greater. In looking at the average daily volume of some of these microcaps, I think I must be walking on a narrow path, never mind a road.

BARUCH HA SHEM
(Tue Jan 05 1999 23:19 - ID#258302)
THE PRICE OF OIL IS LOW BECAUSE IT WILL KEEP THOSE COUNTRIES THAT DEPEND ON OIL LESS ANGRY, &
THERE4 IT WILL HOLD OFF THE WAR WHICH IS ABOUT TO HAPPEN SOONER OR LATTER WITH THE OIL RICH NATIONS THAT WAR WITH USA & ENGLAND. THE OIL NATIONS R BUILDING THEIR STRENGTH RIGHT NOW & GETTING A COALITION GOING. THEY NOW THINGS WILL BE BETTER IF THEY WAIT. THAT IS MY THEORY. WHEN THE PRICE GOES UP THEY WILL BE READY 4 WAR

aussidave
(Tue Jan 05 1999 23:20 - ID#251175)
Dome Resources
Watch this one fly, today they announced that production for December was 8,209oz ( gold equivalent ) vs production of 19,900oz for the September quarter, a 20% increase ( 100,000ozpa producer at below US$160/oz all in cash costs ) . Company fully cashed up, paying a dividend 0.5cps ( books close 7th Jan ) , and buying back 10% of their capital. Market cap for all of this is a mere US$18m, listed in Aust code DOR.AX, trading at 19.5c.

Gollum
(Tue Jan 05 1999 23:26 - ID#43349)
@BCIWN
Not at all, friend.

We are indeed headed into deflation, or at least we hve been for many months. The CRB charts show amny other times when commodity prices were dropping in the past also. They also show, however, that just as mant times the tide turned and inflation trends occurred.

The Fed and other agencies are always fighting the last war. In our case the last war was inflation. In taking measures ( high dollar together with high real interest rates ) to attain sustainable growth while suppressing inflation they brought on the hot money hurricane and triggered this deflationary trend.

Now they beginning to get worried about deflation and have begun to take measures to increase liquidity and the general money supply.

They are piloting the Queen Mary however and turning the wheel brings no immediate response to the helm. They will turn harder on the wheel, and by the time the ship begins to move they will once again have overdone it.

Notice the yo-yo effect in the CRB spot indices.

Charles Keeling
(Tue Jan 05 1999 23:31 - ID#344225)
@ Baruch HaShem RE: Price of Oil
That indeed does ring true. I am not nearly as angry when
I go the the gas station to fill up my big thirsty RV that has
460 cubic inches of snarling power.

I travel to he mountains where my gas mileage goes to 5 MPG's,
and I feel no anger at the people of the middle east.


FOX-MAN
(Tue Jan 05 1999 23:35 - ID#330280)
There's a new update at drudgereport.com site. The mother was interviewed by
Hard Copy ( to be aired at some unknown date as of yet ) . If and when the
actual tests results are made known, this could very well shake the
confidence of U.S. citizens. Remember when news 1st broke about Clinton's
affair with Monica? The Dollar retreated and Gold temporarily rose.
I could see this "news" help spark Gold's move upward, which we know will
happen soon whether this event triggers it or not! This, of course, is
IMHO. Here's the site. See ya! http://drudgereport.com

Gollum
(Tue Jan 05 1999 23:35 - ID#43349)
@EJ
Hi. I, too, have been a little busy lately. Not too much going on in PM's at the moment as we coast through the Sargasso sea of thin winter trading, but I think that we'll begin to pick up a little headway before long. Some of the charts I posted tonight look like we might have anywhwere from another week or sooner to a month or two depending on how one extrapolates.

aussidave
(Tue Jan 05 1999 23:35 - ID#251175)
Dome Resources
Watch this one fly, today they announced that production for December was 8,209oz ( gold equivalent ) vs production of 19,900oz for the September quarter, a 20% increase ( 100,000ozpa producer at below US$160/oz all in cash costs ) . Company fully cashed up, paying a dividend 0.5cps ( books close 7th Jan ) , and buying back 10% of their capital. Market cap for all of this is a mere US$18m, listed in Aust code DOR.AX, trading at 19.5c.

BARUCH HA SHEM
(Tue Jan 05 1999 23:41 - ID#258302)
GOLD PRICE WILL JUMP - SKYROCKET
WHEN THE ECONOMY IS SO BAD & THOSE TRING TO COVER UP THE FACT THAT IT IS HAPPENING, WILL BE STORING IT UP LIKE A DAM HOLDING BACK THE FLOOD WATERS. IT CAN ONLY HOLD BACK SO MUCH & THEN IT BURSTS. THE FEDS DO NOT WANT THE PEOPLE TO PANIC SO THEY R TRYING TO WORK THINGS OUT. SOMETIMES THINGS ARE BEYOND FIXING & CAN NO LONGER BE WORKED OUT. IT IS TIME 4 THEM TO INFORM THE PEOPLE OF THE PROBLEM THAT IS OUT OF CONTROL, BUT THEY WILL NOT DO THAT. SO WE CAN NOT HELP IF THEY R NOT WILLING TO GET OUR HELP. THERE4 UTTER KAOS IS COMING OUR WAY. AND THAT IS MY OPINION. SO AS 4 ME I WILL BELIEVE GOLD WILL BE A GOOD THING TO HAVE WHEN THE TROUBLE STARTS. OF COARSE I KNOW OF SOMETHING BETTER TO HAVE IN THAT TIME BUT MOST HERE DO NOT TO HEAR ABOUT G-D I HAVE BEEN TOLD. SO AS GOLD WILL HAVE ITS DAY OF FAVOR , THERE WILL ALSO COME A DAY LATER WHEN IT WILL BE NO GOOD. HAVE A NICE DAY YA ALL!

Gollum
(Tue Jan 05 1999 23:45 - ID#43349)
Away for another night.
Have to get up early to fix a PC whose hard disk crashed. Now it sounds like a coffee thermos I dropped one time. I guess it was too much for it to deal with the Y1.999K problem. Good night.

aussidave
(Tue Jan 05 1999 23:47 - ID#251175)
DOME RESOURCES
Internet site

http://www.domeresources.com.au


Envy
(Tue Jan 05 1999 23:47 - ID#219363)
@Aurator
Thank you so much Aurator! The book you sent arrived today! I haven't had the chance to read through it, but it looks like a good one, I'm looking forward to the weekend. Everyone in the office loved the packaging and the stamps. *smile*

aussidave
(Tue Jan 05 1999 23:49 - ID#251175)
DOME RESOURCES
Internet site

http://www.domeresources.com.au


Crystal Ball
(Tue Jan 05 1999 23:49 - ID#287377)
If Baruch HaShem is Cheesehead, I'm Iron Feliks Dzerzhinsky
Hey, Blessed be the Name: Cut it out with the CAPS LOCK. You're giving me a nasty migraine headache. Prediction for tomorrow: XAU lower, Stocks open higher but end up six feet under. Bonds finally bounce ( flight to quality you know ) after days of taking gas. No more top-picking in AOL for me, I'm buying OEX puts.

ChasAbar
(Tue Jan 05 1999 23:50 - ID#340383)
Thanks
Charles Keeling... Thanks for the response. I cancelled my account with E-Trade. Too overwhelming.

lady_bug... Thanks for the response. It looks as if TD Greenline might be the one for me. $29.00 or 1.5% of the total, each represent *half* of what I am currently paying. I have to check out things such as Canadian vs US funds and issues, but if there are no problems, then I will go with it. Also, I know that Greenline is a market-maker in many of the Canadian juniors, so I should be able to get good fills.

Does anyone else have suggestions for me to consider?

aussidave
(Tue Jan 05 1999 23:53 - ID#251175)
DOME RESOURCES
Internet site

http://www.domeresources.com.au


EJ
(Tue Jan 05 1999 23:55 - ID#45173)
@All
I've been away. Lurking off and on. I've noticed the general mood among gold and silverbugs and bears here and at other sites has been very negative. Seems a lot of folks have come to the conclusion that government manipulation of markets will win. The bear market rally in stocks, fueled by CB efforts to correct for the panic this past fall, has everyone thinking the rules have changed.

Not I. History says otherwise. In the end, the markets will win out over government manipulation, and sooner than you think. Trillions of dollars ( and euros ) will seek to become denominated in gold and silver this very year. The good news for gold from my recent experience is that new buyers are beginning to appear. I have become reacquainted with an old friend who make millions when the Internet company he worked for as a VP went public in 1997. A student of economics and history, in the past two weeks he bought a large amount of gold, with my support, of course. The bad news is that he's the only person I know who has bought any gold. But more and more people I know are talking about it, especially in reference to Y2K.

This will be a wild year. I hope all are well prepared with cash, gold, and little debt.

Peace and best wishes for the New Year.

-EJ