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ARCHIVED DISCUSSION FROM 4/1/2002 All times are U.S. Mountain Time (Yesterday's Discussion.) Carl H (04/01/02; 23:33:30MT - usagold.com msg#: 72511) Cabal's Next Move I just received an investment newsletter touting a new gold mine just discovered in South Africa. It supposedly huge, high grade and, is strip mineable (only 60ft deep). The claim is that it could double world gold production.Sound like a tactic to try to drive down the price of gold and the price of gold mining shares so that the gold shorts can try to get out cheap.This smells even worse that Buba, Putin, and all the other stunts they have tried.The cabal is desparate. I can hardly wait to have a JPMC Bankruptcy party! Grubstaker (04/01/02; 23:28:36MT - usagold.com msg#: 72510) Thank You Chrusos...excellent post..!! Chrusos (4/1/02; 12:50:30MT - usagold.com msg#: 72475)Mid East Terror War - some of the hard factsI refer to Black Blade (04/01/02; 00:02:30MT - usagold.com msg#: 72455) It seems the self-appointed "expert" posters don't appreciate a reality check..I encourage you to continue ...the balance is appreciated and most welcome... Regards and well wishes to you and yours, Grubstaker Black Blade (04/01/02; 23:26:19MT - usagold.com msg#: 72509) Re: Mr. Gresham You forgot the alliance of Spain's Sephardic Jewish community and the Moors. The Sephardic Jews were the Gold (money) managers for the Moors. Unfortunately they seem to have always let their petty differences get the best of them eventually. Note that there is a community of Jews who live in Iran. After several years of living together peacefully, the Jewish males were arrested and charged with treason (likely trumped up charges) and were sentenced from several years in prison to death. Eventually they were freed after legal appeals (which I find amazing as this is the revolutionary regime where the courts are ruled by the Mullahs). Granted many Israelis and Arabs would just as soon that the extremists (Jewish and Muslim) would just kill each other off so they could get on with their lives. Unfortunately these few periods of time where both sides live together in peace don't seem to last. Maybe it is time that we in the west just wash our hands of them and let the chips fall where they may. Heck, since they all claim to be God's chosen people - maybe we will get to see whose side God is on after all ;-) As far as Natural Selection is concerned, You may be right. Therefore we just may have to even up the odds by selling weapons to all sides, and as some of my old friends are fond of saying – "let God sort em’ out".Cheers!- Black Blade Mr Gresham (04/01/02; 23:19:52MT - usagold.com msg#: 72508) Al Martin: Beating About the Bushes http://www.almartinraw.com/column54.html This guy does NOT like Republicans.Get gold -- because you don't know WHO'S driving the bus! Black Blade (04/01/02; 23:01:06MT - usagold.com msg#: 72507) Qwest sees goodwill charge; may face SEC action http://biz.yahoo.com/rf/020401/telecoms_qwest_sec_6.html Snippit:WASHINGTON, April 1 (Reuters) - Qwest Communications International Inc. (Q) warned on Monday it may take a charge up of to $30 billion due to accounting changes on goodwill, and said the Securities and Exchange Commission staff recommended action against the telephone company for excluding certain information from a January 2001 earnings report. Black Blade: More phony baloney accounting comes under fire. I used to have Qwest shares that I acquired during the US West merger but I sold this dog. I just couldn't stand the absurd accounting and the dishonesty displayed by CEO Nacchio any longer. This company or any number of others can be the next Enron. Beware when investing and insure with Gold and Silver. Mr Gresham (04/01/02; 23:00:15MT - usagold.com msg#: 72506) BB: Eternal enemies & natural selection Just to put the question mark to a couple of your comments you've made several times.The little bit I recall reading about Arab/Jew history had them living together in the Holy Land, and slaughtered side-by-side when the Crusaders came through. Under the Ottoman Empire, Jews lived mostly undisturbed in Moslem countries. I don't have time to read up on this now, so don't hold me to it; just off the top of the ol' cranium.Natural selection: Weaponry changes all that. It allows some pusillanimous puke with a degree from Oxford to order strong brave men to charge into machine guns. It allows an oil sheik at home in his Geneva mansion to dial up Henry Kissinger and order up some F-16s. The mechanical extension of man's ability to mangle the bodies of others has clipped the feedback wires of natural selection and made the process into a SYSTEMIC selection; what system can harness the most violence (and human conformity/compliance) to its own self-perpetuation. (Temporary as it may be, as it burns its support platform out from under itself.) Waverider (04/01/02; 22:32:53MT - usagold.com msg#: 72505) Japan's day of reckoning put off http://business-times.asia1.com.sg/views/story/0,2276,40588,00.html? Snippit:"JAPAN entered the fiscal new year yesterday with the satisfaction of having avoided a much-feared 'March crisis'.Unfortunately, this simply means the day of reckoning has been put off, and when the day does come - as come it must - it will require actions more radical and painful for having been delayed so long. It became obvious a month or so ago that the government was simply buying time when its package of emergency financial measures turned out to be little more than an exercise in propping up the Tokyo stock market. The aim was obviously to allow banks to hobble through to the end of fiscal 2001 without showing huge losses on their equity portfolios - and thus suffering a capital crisis. In coming weeks, it is likely that economic data relating to Japan's exports, industrial production and private capital investment will give the appearance of recovery. But this should not fool anyone into thinking that the root problems have been solved. The day of reckoning is approaching, and will most likely arrive before fiscal 2002 closes."Waverider: Yup...more on Japan...should bode well for Gold! Mr Gresham (04/01/02; 22:26:18MT - usagold.com msg#: 72504) I've always wondered... if someone might have a more deadly bombing planned some day, especially if the Dome of the Rock (Al Aqsa mosque) is threatened by the Temple Mount project..."When ye therefore shall see the abomination of desolation, spoken of by Daniel the prophet, stand in the holy place, (whoso readeth, let him understand:) Then let them which be in Judaea flee into the mountains. . . . For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be" (Matthew 24: 15, 16, 21). "For the days shall come upon thee, that thine enemies shall cast a trench about thee, and compass thee round, and keep thee in on every side, and shall lay thee even with the ground, and thy children within thee; and they shall not leave in thee one stone upon another; because thou knewest not the time of thy visitation" (Luke 19:41-44). "O Jerusalem, Jerusalem, thou that killest the prophets, and stonest them which are sent unto thee, how often would I have gathered thy children together, even as a hen gathereth her chickens under her wings and ye would not! Behold your house is left unto you desolate" (Matthew 23:37,38). "And when ye shall see Jerusalem compassed with armies, then know that the desolation thereof is nigh." Luke 21:20 They have healed also the hurt of the daughter of my people slightly, saying, Peace, peace; when there is no peace. Jeremiah 6:14For they have healed the hurt of the daughter of my people slightly, saying, Peace, peace; when there is no peace. Jeremiah 8:11"...A Time for Peace, I swear it's not too late." "Turn, Turn, Turn" -- Bob Dylan/The Byrds Black Blade (04/01/02; 22:25:18MT - usagold.com msg#: 72503) Japan's grads enter jobless market http://www.iht.com/articles/53142.html Snippit:TOKYO With Japan's economic engine stuck in neutral for over a decade, the recession's invisible victims are young people starting out in a radically changed job market..Two decades ago, about 90 percent of Akirudai graduates who wanted to work went straight into good-paying, stable, full-time jobs. This month, about half of the work-bound graduates drifted into part-time, temporary jobs with no benefits. Starting monthly salaries have fallen to $1,000 today, from $1,200 six years ago, said Tamiichi Okuyama, the school's guidance counselor.. Officially, Japan's unemployment rate is 5.3 percent. But Richard Katz, an American economist, argues that the real rate would be 8.5 percent if government statisticians counted discouraged workers, who are not currently looking for work, and part-time workers who lose their jobs. Official statistics show that young men have the nation's highest unemployment rate, 10.7 percent. "Unemployment is at least double the official figures," said Kiyoshi Sasamori, president of the Japanese Trade Union Confederation, known as Rengo.Black Blade: This is a very "grim" sign of the times in Japan. The economy is trashed and as Japan slips beneath the waves, many Japanese fear for their savings and continue to purchase Gold bullion in a "flight to quality" away from insolvent Japanese banks. Next year at this time all savings deposits will be restricted to very low deposit insurance. The people are being set up for the "fleecing", and the lucky one will have prepared by bailing out of banks and into hard assets. . GoldnSilver2002 (04/01/02; 22:22:09MT - usagold.com msg#: 72502) Gold holding,cabal scared and the middle east HMM Justifying suicide,cant be done.The people this girl killed never met here,never shot anyone or drove a tank.Imagine Arafat is hosting people who intend to attack innocent u.s citizens?Now everything is justified,didnt the us level afghan?So let me understand this,one terroist attack on u.s soil justifies what america does,but repeated terrorist attacks on Israel and the Jewish people must turn the other cheek,perhaps the world should take its own advice!Well gold is holding above 300,dont think for one second the cabal would bring it back down if they could,but with very little gold left euro banks now say they will extend the wash agreement for five years or perhaps forever'so much for Bundesbank giving the cabal away.They are desperate and know the tide has turned,their supplies of physical are so low they can sell no more.This is indeed a bull run which will go on for years.A breakout is building,along with rising oil prices,the spectre of inflation and the dow now going sideways.For a look at history go look at the charts for 1979.It starts the year well under 200.In may it begins a radical climb,almost vertical.Just 8 months later in jan 1980 it peaks at 850 per oz.Do we really believe all this bad news will just go away?Ill go on record gold will be over 1000 per oz by jan 03,after all gold wasnt supressed in 1979 and terrorsits werent blowing up whole chunks of america.The belief that life will just suddenly go back to normal now are sheer fantasy,foolishness and blatant denial of truth.When gold goes it explodes'soon the black star will reach critical mass and nothing will hold it back,not even the cabal! tedw (04/01/02; 22:09:58MT - usagold.com msg#: 72501) Best performing sector Wall Street Jouranl4/01/2002 page R3Best Performing Industry Groups Globally in the first Qrtr#1- Precious Metals +28.7% Horatio (04/01/02; 22:02:29MT - usagold.com msg#: 72500) Arthur Anderson ,Cabal Controllers It appears to me that Arthur Anderson is the accounting firm for several mining companies and Enron ,who engaged in metal commodity trading.I now suspect they were involved in a Mafia like conspiricy to use dirivatives to control gold prices .Top insiders at Anderson would be in a perfect position to advise and control Dirivative trading on a World Wide scale .Such access would be necessary to do what has been done.Now with its demise ,prices seem to be rising. None other than Paul Volker has been sent in to see to an orderly reduction in operations and maybe to cover some tracks.Hmmmmm YGM (04/01/02; 21:53:38MT - usagold.com msg#: 72499) Horatio (04/01/02; 21:30:36MT - usagold.com msg#: 72497) Sir...You have "The Best Solution" I've heard yet.....& so simple it is!!.........YGM. Sierra Madre (04/01/02; 21:31:55MT - usagold.com msg#: 72498) Cavan Man: some words about a young girl who died recently... You said:"People who are so frustrated economically, socially and politically that they will commit suicide before their 19th birthday are classified not only as terrorists but also religious fanatics."I hope neither you nor I nor any reader, ever has to see an eighteen-year-old daughter, sister, niece or cousin destroy herself as this young girl did.She did not die for "economic, social or political reasons"!!She died because her home was bulldozed; her father's business destroyed and the family penniless to feed their children; subsequently, her father and her brothers killed by Israeli bullets. Her cousins brutalized, their homes razed. Her town in ruins. This young girl was brave, very brave. Everything of value in life for her, was destroyed by the Israelis. Vengeance is perhaps something that Americans - used to watching atrocities, on T.V., that happen to OTHERS - don't understand. She wanted revenge, she wanted it so badly, she gave her life for it. Anybody fools with the lives of MY family, the way this girl's family was treated...you fill in the dots.Sierra Horatio (04/01/02; 21:30:36MT - usagold.com msg#: 72497) Mid East A PLAN FOR PEACE A Letter to Kofi Annan,United Nations It is quite evident that both sides in the mid-east conflict have chosen the most hostile people for leadership ,both are terrorists or former terrorists. Its time for UN to do something with its troops.The Mid -East conflict can be solved simply by using UN troops to arrest Ariel Sharon and Yassar Arafat. Send them to the Hague for trial as War criminals when they should receive ten year sentences for their crimes against humanity.Then each side can choose their second worst leaders who will probably suffer the same fate, as revenge dies hard. This should continue on down the line to their third worst set of leaders and forth worst set ,as you can see, things are getting better .At some point a set of leadership will emerge that has in mind the fate of its predecessors and will begin to think that their predecessor was not such a bad guy ,yet he went to jail . At this point the thought of increasing hostilities will cease to be an option and peace will have been achieved . This plan will take courage ,but it affords you the opportunity make the UN achieve something no one else has been able to do and your place in history will be assured.. Sincerely A Friend YGM (04/01/02; 21:00:49MT - usagold.com msg#: 72496) Snippet.. From Another Gold Site... ...Which I'll not link for obvious reasons...(They sell Au)........................................................."Technically, gold has established a new range with the break above $302. A test of resistance at $308 could be the next stop, with some technicians looking for $330. Support is now found between $300 and $298, and below that $292.".........................................................Gotta love those 'Short Sighted' technicians whether it be price wise or time wise....After years of mining/waiting/watching and even fighting (thru GATA) this Goldbug believes our time "IS" now finally at hand....YGM."Go Physical" & "Sleep Well" YGM (04/01/02; 20:40:22MT - usagold.com msg#: 72495) Currency,Politics & Gold.... http://www.safehaven.ca/GoldenBar/GBR040102.htm GoldenBar aricle..."Excellent read".....YGM. Black Blade (04/01/02; 20:06:10MT - usagold.com msg#: 72494) Investors with mettle turn to gold http://www.rockymountainnews.com/drmn/business/article/0,1299,DRMN_4_1056758,00.html 'Hard assets' were winners in 1st quarterSnippit:Precious metals, natural resources, real estate and emerging markets were the mutual fund winners of the first quarter, while the already battered communications funds fell hard, fund trackers said Thursday. "Gold, natural resources and real estate -- those are the hard assets that investors flock toward in times of uncertainty," said Jeff Tjornehoj, research analyst in Denver for Lipper Inc. Black Blade: There are more and more positive pronouncements for gold in the investing community. Today, even Merrill Lynch raised their positive outlook for Gold and the Gold mining sector. Current world events appear to have helped the POG rise and hold onto recent gains. Black Blade (04/01/02; 19:57:49MT - usagold.com msg#: 72493) Time To Buy Japanese Stocks Or Gold? http://biz.yahoo.com/fo/020401/0401inlwatch_1.html Snippit:Yes, but what about the exchange-rate currency risk? If Japan does expand its money supply, doesn't that mean--all other things being equal--that the yen will depreciate? Dessauer says nothing in this context about exchange rates--it's a blind spot for this investment letter. But Harry Schultz of the International Harry Schultz Letter is acutely aware of yen risk and the gold buying it's provoking among the sorely-tried Japanese public. This famous 1970s gold bug, who baled out after its historic 1980 price spike, is once again bullish on gold: "In due course the Japanese people will own over 70% of the world's gold! Wrap your mind around the implications of that!" Black Blade: The Japanese could buy all the available Gold bullion several times over. It is certainly something to think over though. As Harry Schultz says: "In due course the Japanese people will own over 70% of the world's gold! Wrap your mind around the implications of that!" Black Blade (04/01/02; 19:51:02MT - usagold.com msg#: 72492) Price of gold set to soar http://cnniw.yellowbrix.com/pages/cnniw/Story.nsp?story_id=28960960&ID=cnniw&scategory=Metals+%26+Minerals%3APrecious& Snippit:GOLD prices are about to surge as the world's central bankers prepare to renew a 'ceasefire' on sales of their own bullion reserves. The present deal, agreed in Washington in September 1999, expires in 2004, but talks behind the scenes suggest it will be extended, or even made permanent. Black Blade: Already presented here before but from a different source. Word is getting around. Black Blade (04/01/02; 19:45:33MT - usagold.com msg#: 72491) Pro forma earnings falling out of favor http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/03/31/BU240874.DTL&type=business Snippit:With corporate America desperate to avoid even a hint of financial wrongdoing after Enron's collapse, an accounting tool long used to pump up earnings reports is quietly falling out of favor. Pro forma results, which exclude one-time expenses from a company's earnings, are being subtly de-emphasized by some of the firms that relied on them in the past. Some of these newly scrubbed earnings will likely be on display in the coming weeks as Wall Street gears up for its next round of quarterly earnings reports. Merrill Lynch recently told its stock analysts not to rely too heavily on pro forma when rating companies even though Wall Street typically bases its predictions for a firm's performance on the numbers. The moves come as analysts and investors submit corporate earnings to greater scrutiny, punishing companies whose reports even suggest unusual accounting. Black Blade: The only purpose of Pro Forma accounting is to deceive and confuse investors. Once investors realize that the Emperor wears no clothes, then they will severely punish any corporation that uses Pro Forma accounting as having suspect earnings (ala Enron and Global Crossing). Black Blade (04/01/02; 19:33:13MT - usagold.com msg#: 72490) Puplava Market Wrap Up http://www.financialsense.com/Market/wrapup.htm Wall Street Reacts to WarSnippit:The other uncertainty for the financial markets is perhaps the most difficult one for the markets to digest, which is war itself. It appears now that the decades long standoff in the Middle East will have to be settled once again on the battlefield. Only when one side emerges as victor will the prospects for peace stand a chance. The failure over the last decade of diplomacy to bring resolution to conflict makes war the only solution. The violence that has been escalating since September of 2000 is now coming to a head. Like the last era of violence in the Middle East, it once again pits Arafat against his old nemesis, Ariel Sharon. The seriousness of the approaching war took on greater significance this weekend as Israel called for general mobilization of its reserves. The military is calling up between 20,000-30,000 troops. The fact that troops were called up during a major religious holiday gives emphasis to the serious nature of the approaching conflict.At the same time, Washington is building up a major military presence in the Persian Gulf. U.S. forces in the region have increased significantly due to the war in Afghanistan. However, new troops and equipment are being moved into the region -- a fact that hasn't been lost on the financial markets. The fact that the U.S. and Israel are mobilizing speaks of military conflict in the days ahead. U.S. troops in the Persian Gulf have gone from 25,000 to now 80,000. In Kuwait American troops have doubled from 5,000 to 10,500 since last September. Meanwhile in Saudi Arabia, weapons and military gear are being pulled out of storage. Administration officials are quick to say the Gulf buildup is not a prelude to an invasion of Iraq. However, if they were, it wouldn't be substantiated anyway. They are obviously there for a reason -- peacekeeping isn't one of them. The force is too large for that.In the general markets gold, silver, oil, natural gas, defense stocks were being accumulated by investors. Other areas doing well were drug, biotechs, and chip stocks. On the selling side were airline stocks which fell as the price of oil rose to within a hair of $27 a barrel. Crude futures soared above $27 a barrel with another suicide bombing in Jerusalem. Saddam Hussein also issued a plea to the Arab world to use the oil weapon against the U.S. as they did in the Yom Kippur War back in 1973. Volume levels came in at an anemic 1.04 billion on the NYSE and at 1.55 billion on the Nasdaq. Market breath was negative by 17-14 on the NYSE and by 20-16 on the Nasdaq.Black Blade: Perhaps this snippit from Puplava gets my point across much better. Unfortunately I agree that war is the only possible outcome. These two enemies have been at war since the two sons of Abraham have disputed their birthright. This family squabble will never be settled short of annihilation of one side or the other. That is nature – in fact we have a name for this – it's called "natural selection". The real uncertainty is how far this current "squabble" will spread through the region. The implications for petroleum and precious metals is obvious. Canuck (04/01/02; 18:54:29MT - usagold.com msg#: 72489) Pondering Here's a statement that I heard a few times over the weekend which I feel is most important for the immediate and near future.During the recent Arab Summit, the Arab nations declared that "an attack of Iraq would be construed as an attack to all Arabs."As an aside I believe I heard that all journalists in Israel were moved out of 'harms way' ie: no commentary of Arafat's condition. What have we heard of his condition today?. Is Arafat a dead man?Connecting the dots of paragraph 1 and 3 might lead one to believe that any foul conclusion (re: Arafat) will immediately cause a 'clear and present danger' of horrificmagnitudes.Thoughts?On a different note, there is a 'pure-play' non-hedger on the TSE that I watch very closely. It is a very low cost producer that I have marked as a proxy for the price of gold. There are now clear definitions in stock prices for companies that will prosper for a rising POG and others that have stalled fearing a rapidly rising POG. Be careful!!It was up handsomely again today, as were many other gold producers. The XAU and the HUI were up smartly as well. I heard recently that the POO has a 3 or 4 dollar war premium attached, is there a war premium attached to gold at this moment, and if so, how much?TIA. Mr Gresham (04/01/02; 18:14:47MT - usagold.com msg#: 72488) Chrusos, BB Way to do it, bro's. State it, and move on. None of us made the situation, and none of us are involved as propagandists for either side. We _are_ pro-active types, problem-solvers, so we look for causes and effects. We land on some opinions that way, and they clash with others' opinions. But we're not pointing guns at each other, thank God. A different accident of birth, and any of us might be in the same pickle. "There but for... go I." Kind of humbling, when you think about it.You've shown respect, for each other, and for all readers whose thoughts you touch each day. Keeping this a "heads up", problem-sniffing-out, and possibly -solving, place. Thanks! Cavan Man (04/01/02; 17:52:06MT - usagold.com msg#: 72487) @Pippin If you pay close attention, you can observe that we are devolving into an "US vs them" paradigm. People who are so frustrated economically, socially and politically that they will commit suicide before their 19th birthday are classified not only as terrorists but also religious fanatics. For them, a career as a "freedom fighter" is not an option. What is lost upon most is the fact that although Islam has always spread by the sword (I'm not an apologist for them), the core issues are large masses of people living lives of complete hopelessness who have a natural and historic affiliation with solidarity vis a vis their preferred form of divine worship who must act out their frustrations. This solidarity, when targeted by unscrupulous and so-called "leaders" as means of their own empowerment and raison d'etre then becomes lethal. I wonder what Thomas Jefferson would say; better yet, John Adams? A Canadian (04/01/02; 16:31:04MT - usagold.com msg#: 72486) MIDEAST SOLUTION The obvious answer is that ARAFAT and SHARON need to roll up a big one and burn it together. The resulting peace accord would be bad for the price of my physical but I couldn't care less cause it aint for sale. Guided (04/01/02; 15:56:58MT - usagold.com msg#: 72485) Black Blade Bad choice of words on my part. Should have said opinions rather than feelings. Chrusos (04/01/02; 14:57:03MT - usagold.com msg#: 72484) Mid East Mess Hey mikal Your post tells me a lot about yourself. Firstly you threaten a fate for me suitable for that of my barbaric mentors – I presume this refers to the US which though flawed has much I admire. I never "assassinated" (Freudian slip?) BB's character at all. I said his posts were extremely valuable but the one was one-sided on the complex Israeli Palestinian issue. I can also back up all the other facts I stated. I have also seen shocking videos of the Israeli troops breaking the arms of Palestinian stone throwers.They are hard facts and not Greenspan abstractions but who wants untidy facts in an emotional issue that is going to split the world into 2 camps. Like Mugabe we don't need to pay any attention to facts. We can call famine - plenty and oppression - freedom and murderous deceived suicide bombers - holy martyrs beloved of Allah and give out sweets and celebrate with the parents when one of our teenage children blows herself up in a restaurantI am not entering into any further debate, as this is a gold site.BBThank you for your post. I have tried to study the recent history of the Jewish Palestinian issue, which goes back to Ishmael and Isaac. War is barbaric full of atrocities the US civil war or the second WW, where whole cities were bombed by both sides.I haven't studied the Liberty issue but will do so. Of course as I recall there is also the Jewish refugee ship that was turned away from US ports consigning the Jews aboard who were fleeing from the holocaust to certain death. I am not going into the Lebanese camp issue, which as you are well informed, know is not as simple as you make out.Debka are no more infallible than any other news source whatever its sympathies – I read many to try and get a picture of what is actually happening. Yes this whole deadly mess is likely to be positive for the POG and that is something to rejoice about. I've said my piece and I'm sticking to the gold war from now on, on USA Gold - its much more fun and the villains are more clearly identifiable! At least to goldbugs that is!!Thanks for all the timely posts they save me a lot of time especially because you post an extract so one can see if its worthwhile to pay a visit to the URLAdiosChrusos Black Blade (04/01/02; 14:47:22MT - usagold.com msg#: 72483) Middle East Conflict The Middle East conflict is the most serious event of late that has put pressure on the worlds markets. This has had an effect on both the price of Oil and Gold. The Middle East question is not something that should be avoided because someone might have his/her "feelings" hurt. To bury ones head in the sand is to ignore one of the most serious events that will drive energy prices higher and Gold out of the manipulators hands. As the conflict escalates it will drive the price of Oil and Gold as it threatens to spread throughout a region that is vital to the economic survival of every nation on earth. - Black Blade Guided (04/01/02; 14:28:35MT - usagold.com msg#: 72482) Precious Metals and Terror Come on. Let's at least respect the integriy of MK's forum. If not the feelings of others on some off topic subjects. Kindly leave this Israel, Arab thing alone aside from gathering and reporting the facts related to PM's as some here do so well. I doubt that few if any here have any real understanding of that.I could name an act that I consider terror at it's worst conducted on millions of innocents right here in the USA. And, all American taxpayers have had a part in funding it, like it or not.In the end, we are each responsible for the acts we do. Let's stay on the subject. Old Yeller (04/01/02; 14:25:09MT - usagold.com msg#: 72481) Bolstering Roach's case http://online.wsj.com/public/resources/images/b-wall_c03292002224412.gif One little graph says it quite nicely. Old Yeller (04/01/02; 14:21:32MT - usagold.com msg#: 72480) Point/counter -point at MS http://www.morganstanley.com/GEFdata/digests/20020401-mon.html#anchor0 Always a dissenting opinion,especially when the subject of unsustainable US debt loads come up.Personally,I favor Roach's opinion as it seems much more logical.One can never discount the trickery the Fed may have in store though.On with the show. Black Blade (04/01/02; 14:18:54MT - usagold.com msg#: 72479) BushSpeaks.com under investigation by Justice Department http://news.yahoo.com@64.45.54.134/bush%20speaks%20under%20investigation%20by%20united%20states%20justice%20department.html Snippit:United States Attorney General John Ashroft disagrees, "The owner of this web site is a foreign national who had permission to be in this country as long as he upheld our laws and system of government. His web site was unpatriotic, offensive and it not only undermines the military goals of our great country, it puts our military at risk. As far as I'm concerned, he gave up any rights he may have had under the law. We're looking into what charges we may bring against him." Black Blade: April Fools Day joke or just another erosion of the Bill of Rights? Safer not to criticize or speak up. Best to keep quiet and watch as they come and send off the neighbors to the "camps". We really do live in "Interesting Times" Hmmm… Black Blade (4/1/02; 13:23:04MT - usagold.com msg#: 72478) Re: Chrusos – Middle East Come now, they are all terrorists. That is why we will never see peace in the Middle East. Isn't it quite odd that if one murders a million with an organized army he's a conqueror, whereas if he kills a few with some disorganized individuals he's a terrorist? The situation is more complex than that. One-sided? Hmmm… I would think that both sides are equally at fault here. I also personally think that we in the west should profit from the situation and sell weapons to all sides and let them go at it. Perhaps full-scale annihilation of one side over the other (it doesn't matter who) is needed to finish this nonsense once and for all. Israel is a nation born out of terrorism. After, even Ariel Sharon was a member of the Irgun, a terrorist organization that murdered British citizens among others. He also gave orders for the attack on the USS Liberty where helpless unarmed US sailors were machine-gunned down in lifeboats (I thought that was rather cold-blooded myself). He also gave the order to slaughter men, women, and children in UN refugee camps in Southern Lebanon. Sorry, but I don't see any real difference between either side. Arafat, Sharon, Bin Laden, Netanyahu, Saddam Hussein, etc. – They are all terrorists. Aside form that, I would not call DEBKA anything but an Israeli tabloid. They have never been reliable as a news source. I thought it strange that they claimed that the Mainland Chinese army invaded Afghanistan and captured 18 US military personnel. Credibility is certainly a problem for DEBKA. On the positive side, we should see the POG and POO rise and break loose from market manipulators as this situation in the ME deteriorates. As I see it, there is nothing wrong with anyone profiting from the Israeli-Arab folly in the ME. - Black Blade mikal (4/1/02; 13:16:44MT - usagold.com msg#: 72477) @Chrusos Your "hard facts" are the brainwashed delusions of an egocentric American sycophant, resigned to share the fate of his barbaric mentors. Can you find some better sources to quote than declared socialists, Zionists, and controlled media! At the same time, you attempt to assassinate Black Blades character, all with more abstractions and distortions than Chairman Greenspan, without any civility. Belgian (4/1/02; 13:14:02MT - usagold.com msg#: 72476) @ Waverider Indeed, Saddam pushes for the POO weapon. He invaded Kuwait for the simple reason that other ME oilstates (SA) didn't want to follow him in his demand for a POO of 21$/barril !Saddam is an oil hawk.Israel doesn't want UN troops as neutral buffer. As long as the US keeps supporting their vision of a final deportation(exodus) of all Palestines to neighbouring Arabic states (Jordan/Egypt). As you suggest, there is that escalation strategy à la Kissinger and Co. The Palestines are the actors/victims of the Arabian agenda. Needles to repeat the sadness of all the atrocities that go with this.Isn't it remarkable that *no-one* dares to mention the POO as the economical fundamental behind all this suffering and manoeuvering. POO is always mentioned as a side-effect and never as the main cause ! The reasons for this are divergent. The globe's polarizations would change dramatically. Crude Oil would be seen as a tool of superiority and consequently, generate less sympathy for the Arab suppression/domination. Euroland doesn't mentionthe oil fundamental for a variety of reasons (Tax-revenues).And the US has a global strategy for dominating cheap oil(ME + Caspian).Israel has no oil and must stay under the US (economical/political) umbrella. All the 50 year old problems could be solved at once if this globe could agree on a fair price of oil wich serves the widiest of interested parties. But such a positive action is not even considered by the other-globalists.That's why the theories (gold/euro/oil/dollar-concept) of TG are so positively interesting (to me) ! Chrusos (4/1/02; 12:50:30MT - usagold.com msg#: 72475) Mid East Terror War - some of the hard facts I refer to Black Blade (04/01/02; 00:02:30MT - usagold.com msg#: 72455)Without mercy: Israelis execute Arafat's elite guards USA Gold is a gold site and Black Blades news snippets are extremely valuable to keep us informed of events that will impact gold. I prefer HIS economic news or straight war news but one-sided sniping at the most complex issue in the world the Mideast is not helpful.Just like I wouldn't go to the normal media to find out what's up in the gold market I don't go there to find out what's happening in Israel. I subscribe to a number of first rate intelligence briefings as well as other media and persons on the ground. I feel no more sorry for Arafats Elite guards than I do for Bin Ladens elite guard. They are exactly the same – international terror groups. Do you suppose that if a Palestinian state was established it would follow western democratic principles and open society practices? Or would it join their comrades on the axis of evil? Every thing was offered to Arafat by Barak who wanted to prove that Arafat did not want peace. He wants war and is trying to ignite a holy war over the whole of the Mideast in which many Americans are likely to be killed both in the war theatre and at home before it is over.The Palestinians are Jordanians displaced when colonial powers drew lines in the sand – naturally Jordan doesn't want them hence they don't go home to their brothers who own 22 times the territory of Israel in the mideast so they sit in refugee camps rejected by their own people. From age 3 they are taught to hate, act out suicide bombings and killings and this constant incitement continues day and night in the Palestinian and Arab media. Want to see pictures of the Palestinians rejoicing when the 9-11 attacks took place? The Palestinian holy martyrs come and collect their suicide belts and briefing from Palestinian police headquarters or groups of which Arafat is the head. Many of these terrorists and their explosives are transported in Palestinian ambulances. Arafat is master of deception. Just like Bin Laden claims he is a peace loving man of God but the US is the super aggressor and root cause of every world problem for the faithful as they use their global reach and power to terrorize and victimize peace loving followers of Islam who then are forced to declare Jihad in retaliation.Here is a conservative report extract on the PLO compound in Ramallah which incidentally sits on top of massive tunnels with serious military hardware – this is just one of hundreds of similarly politically incorrect intelligence briefings. ""Bush disclosed that Secretary of State Colin Powell had been unable to reach Prime Minister Ariel Sharon by telephone because Sharon was not taking calls after the Tel Aviv café suicide bombing. In this latest terror outrage, 30 Israelis were injured, 10 seriously, most of them youngsters out on the town on Saturday night. DEBKAfile's sources report that the prime minister had a second reason for not taking overseas calls: He had just issued ultimatums to the Palestinian West Bank security chief, Jibril Rajoub, in Bitunya, and to Yasser Arafat in his besieged office in Ramallah. Rajoub was told to hand over Tanzim chief Marwan Barghouti to the soldiers encircling his command post. Arafat was called on to surrender top master terrorists responsible for dozens of serious attacks, who were enjoying sanctuary in his quarters. Among them were organizers of Israeli minister Rehavam Zeevi's assassination last year. Arafat's response, according to military sources, was adamant: If Israeli troops attempted to take the men under his protection and remove any more documents from his office, he would fight to the death. This brought the Israel-Palestinian standoff to a critical point. Sharon could make good on his ultimatum, send the troops in to seize the terrorist chiefs at whatever cost. Or else, both sides could take a step back from the brink, letting the wanted men trickle out from the confinement of the two-room apartment, one by one. In this tense situation, Sharon decided not to lay himself open to international pressure and ordered his aides to stop putting through calls. Arafat, for his part, made the international lines hum, pleading with world leaders to save him from great danger, without explaining that he was using his personal immunity to shelter top terrorists and send suicide bombers on the rampage in Israeli cities. According to military sources, the Israeli prime minister is running the Ramallah operation in person because of the high stakes involved. In the 48 hours of the Ramallah operation, military intelligence and Shin Beit operatives, who went in with Israeli forces, collected documentary proofs from Arafat's presidential suite linking the Palestinian leader in person and his most trusted lieutenants -- some with high diplomatic standing in the international community -- to some of the most horrifying terror outrages in Israeli cities, including Jerusalem. DEBKAfile can report exclusively that Israel has passed these findings to President Bush, together with the first results of the interrogation of Sahar Habash, one of Arafat's closest aides, who is the biggest fish rounded up by Israeli troops since the onset of the Ramallah operation early Friday. Habash, an apparently gray figure, is charged with his leader's most vital confidential tasks. In January 2001, DEBKAfile first exposed his function as chief coordinator of Arafat's connections and communications with the Lebanese Hezbollah and the al-Qaida militants hiding in -- and passing through -- the Gaza Strip and the West Bank. On Feb. 17, DEBKAfile reported that Sahar Habash was involved in setting up the visit to the Gaza Strip of the al-Qaida shoe-bomber, Richard Reid, in July 2001, six months before he attempted to blow up a Paris-Miami American Airliners flight. Habash was instrumental in obtaining explosives for Reid's operation, passing them to him through the Gazan Hamas activist, Nabil Aqal. Sharon is anxious to lay hands not only on Zeevi's killers, but also on the men and documents that will demonstrate to the U.S. president beyond doubt the degree of Arafat's complicity and that of his close followers in crimes of terror -- not only in Israel, but also their interaction with international terrorists""The Bush establishment knows exactly what's going on despite posturing for the benefit of the press and the UN. Cheney read the riot act. The US is pulling out of Saudi which sends billions to the radical Islamic schools to appease their masses while their leaders swan around with Harems in London. I live in South Africa the large Moslem community here treat it as common knowledge and basic unarguable fact that the US is a global aggressor and victimizes both poor and Islamic nations and forces peace loving followers to at least resist or even better retaliate against a global anti Allah power – the US. A US Christian lady who discovered her Jewish roots issues a convenient daily summary sent on email. To subscribe visit www.foryourglory.org. Alternatively Worldnet daily will give you the conservative viewpoint. Also Konigs site is useful roundup http://www.watch.org/articles.html?mcat=1– there are more conservative sites but I have just stuck to these to give more balanced view than in the myopic media.This coming war on global terror fanatics is going to probably make the cold war, which we have lived most of lives our under, look like the good old days. Gentlemen controlled the nuclear triggers while the CIA and KGB played cat and mouse with one another. You think the US wants to attack Iraq just because they are bully boys or because they know what a nuclear device will do in the hands of these fanatics who would blow away a city in the same way we would exterminate a vermin rat. Your government does not want to unduly alarm your people and keep your bubble economy going but make no mistake they know exactly what they are dealing with – US friends of mine who toured ground zero with the FBI do as well."The Palestinians are so blinded by their narcissistic rage that they have lost sight of the basic truth civilization is built on: the sacredness of every human life, starting with your own. If America, the only reality check left, doesn't use every ounce of energy to halt this madness and call it by its real name, then it will spread. The Devil is dancing in the Middle East, and he's dancing our way. © The New York Times, March 31, 2002" Waverider (4/1/02; 12:23:40MT - usagold.com msg#: 72474) Anti-Israel protests intensify across Arab world http://www.haaretzdaily.com/hasen/pages/ShArt.jhtml?itemNo=147597&contrassID=1&subContrassID=0&sbSubContrassID=0 Snip:"Police fired tear gas and water cannons to disperse demonstrators headed toward the Israeli Embassy in Cairo as Arabs took to the streets for a fourth straight day of anti-Israeli protests on Monday, keeping up the pressure on their governments to get tougher with Israel. Police fired tear gas and water cannons to disperse demonstrators headed toward the Israeli Embassy in Cairo as Arabs took to the streets for a fourth straight day of anti-Israeli protests on Monday, keeping up the pressure on their governments to get tougher with Israel. Palestinian Planning Minister Nabil Shaath on Sunday rejected U.S. criticism that Yasser Arafat can do more to stop Palestinian suicide attacks. "President Arafat is a hostage. The Palestinian people in Ramallah are hostages of Israeli forces, and the American president speaks of Israel's right to defend itself ... This is very astonishing. We have not seen this before," Shaath said after talks with Egyptian Foreign Minister Ahmed Maher. In Iraq, President Saddam Hussein urged Arab countries to adopt "economic measures" against Israel and its supporters. He did not elaborate, but the ruling Baath party in a statement called on the Arabs to use oil as a weapon against Israel, apparently by cutting off supplies to the West in order to force Western powers to pressure Israel. Waverider: Begium, you are right. But there is a variable here that shouldn't be underestimated and that is Saddam. He's using the situation to his advantage to strengthen relationships with his neighbors and convince the Arabs to cut off oil supplies...then how does the US respond...Many Arab nations are calling for an immediate UN presence in Palestine - where are they...or does the west want this to escalate? Sierra Madre (4/1/02; 12:03:35MT - usagold.com msg#: 72473) Pippin: what that means.... What that means is that the person you quoted, is not capable of thinking clearly.Sierra Pippin (4/1/02; 11:51:21MT - usagold.com msg#: 72472) Suicide bombing due to religion ? New to me. http://www.washingtonpost.com/wp-dyn/articles/A46507-2002Apr1.html First paragraph article in the Washington post (URL above):Quote<<WASHINGTON –– President Bush appealed Monday for Palestinian leader Yasser Arafat to order a halt to the suicide bomb attacks in Israel and the West Bank. "Suicide bombings in the name of religion is simple terror," Bush said.>>EndQuoteFirst time I read that the reason for the bombing is RELIGION ?? What does this mean ? Any reason for the relationship ? Cavan Man (4/1/02; 11:47:46MT - usagold.com msg#: 72471) then.... armageddon? Belgian (4/1/02; 10:37:23MT - usagold.com msg#: 72470) What if....? ...Arafat is forced to go in (second) exile (Morocco) ?No viable Palestinian state will ever be negociated and Gulf escalation is therefore guaranteed. US and Israel trapped in their WAT. Anti Israel events in Europ (France/Belgium). T. Blair must temporize on the Iraq issue.Not enough evidence against Saddam Hussain ?Euroland (France) is strongly divided on the matter. Theoretically and tactically, no islamitic (!) terror acts are to be expected .The islamic martyr/victim role is optimized (Euroland activists protecting Y.Arafat). What if Israel becomes a Libanon and US forces are lured into Israel ? How to manoeuver when more evidence of Iran's support for Palestine shows up ? This in combination with Iran being Afghanistan's neighbour. Pfffft !Dollar declined 1% against the euro as happened with 9/11!?Is there a consensus about the dollar's weakness when the US should carry on with its ME consolidation, dispite the obstructing events (unforeseen escalation) in Israel ?Or is it POO (rise) that indicates dollar's weakness ? A POO above the 27 1/2 $ is a break out of the declining price-channel pattern (TA/TI). USAGOLD (4/1/02; 10:37:15MT - usagold.com msg#: 72469) On Becoming a Client of USAGOLD / Centennial Precious Metals Randy, in reading the snippet from the ABCs just below I realized that some of the advice given was based on an erroneous presumption, i.e., that gold brokers would guide their clientele to the gold products which would meet their individual needs.I am beginning to wonder:One well-known gold retailer is advertising a gold bear trap which can be avoided by buying high-priced exotic rare coins and reproduction medallions at four figure prices. I would think that they can no longer refer to themselves as a "gold firm."Another is running a television advertising program where they extol the virtues of "safe-haven" gold buying only to turn that conservative investor into a gambler through leverage plays in the gold, silver, platinum and palladium markets. Two others, sell their silver and gold products at such high mark-ups, it's hard to imagine how the investor will ever get his head above water.Check with USAGOLD / Centennial Precious Metals before commiting elsewhere. We can't tell you how many calls we've received from investors who have fallen for various sales pitch and then called us AFTER the damage had been done when they can't be helped. We've been in the gold business for a long time. We have satisfied clients whose files nearly fill one room in our office. We have one of the best reputations in the business -- both with investors and the trade -- and we work hard to keep it that way. USAGOLD Market Commentary (4/1/02; 09:19:48MT - usagold.com msg#: 72468) Gold Registers Strong First Quarter PerformanceNEWS & VIEWS Update! Available online to all clientele and prospective clientele, NEWS & VIEWS Forecasts, Commentary & Analysis on the Economy and Precious Metals has again been updated.
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"Without waxing philosophical, a few words are helpful concerning the mind-set with which you pursue your interest in gold ownership. Some enter the gold market to make a profit, others to hedge disaster, some to accomplish both. No matter into which category you fit, make sure you understand why you are going into the gold market. Convey that understanding to the individual with whom you are structuring your gold portfolio. The whys have quite a bit to do with what you end up owning.
"Frequently investors will say that any kind of gold will do because after all gold is gold, isn't it? This type of attitude has helped a great many coin shop owners unload unwanted inventory they hadn't been able to get rid of for years. This is probably a good deal for the coin dealer, but it could spell disaster for you. In the same vein, I have talked to hundreds, probably thousands, of investors in nearly a quarter century in the business. Quite often, potential investors have no more reason for buying gold than 'everybody else is doing it.'
"In Chapter 16 on portfolio planning, you will find some details on this important subject. For now, consider the inscription over the entrance to the temple of the ancient Delphic Oracle: 'Know Thyself.' Study. Read. Learn what's going on around you. Call a few gold firms and ask questions. There's nothing like conversation to stimulate thinking. Take time to lay a little groundwork. Then make your move. The political and economic situation being what it is, there is no better time to start than now. Know thyself -- your goals and needs -- and you will be a more confident, happier gold investor." (more)
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