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ARCHIVED DISCUSSION FROM 12/27/2004
All times are U.S. Mountain Time

(Yesterday's Discussion.)

Gandalf the White (12/27/04; 23:57:15MT - usagold.com msg#: 127769)
Thanks Henri !!
http://charts-d.quote.com:443/1002980432830?User=demo&Pswd=demo&DataType=GIF&Symbol=DX00Y&Interval=10&Ht=600&Wd=800&Display=2&Study=MA&Param1=13&Param2=0&Param3=&FontSize=10
I can now go to sleep feeling much better !
YES, you have raised a fine young LADY.
AND the US$ is starting its DOWNWARD movement again, after a slight remound from the low of 80.37.
(see LINK)
<;-)

Dollar Bill (12/27/04; 23:44:33MT - usagold.com msg#: 127768)
.,.
Greetings Henri, It was a long wait between your posts, and I am glad she responded and is well. You raised a good daughter.


Aristotle (12/27/04; 23:43:52MT - usagold.com msg#: 127767)
Liberty Head -- obligations, if any?
Surely there's more to life than being a hapless observer. Surely there's something that may be done to improve the lot of your fellow man, and at the same time, your own??????

The roses are already red enough without anyone needing paint them. Whaddaya say we stop and smell them once in awhile?

Gold. Get you some. --- Ari

YGM (12/27/04; 23:42:45MT - usagold.com msg#: 127766)
Henri....Your News...........................
Nicest post I could have finished my evening with.... Lady GFG sumed it up most eloquently....I feel your pride and love glowing....Hate to think of what the total loss of life will be in the end! Sad day for the world, but a day your offspring showed what she has become....You deserve to be proud...Thanks for bringing the reality of true importance home!

GratefulForGold (12/27/04; 23:31:03MT - usagold.com msg#: 127765)
Henri -- She Lives!!

Oh, Henri, what joy you must feel! I sat here and cried, as I'm sure many others have. What a beautiful young daughter you have -- and I appreciate her thoughtful and descriptive account of her experience. Her message conveyed far more than any TV reporter ever could. Thank you for sharing it with us.

I'm sad for for all the losses and heartaches, and also happy for your daughter's safety. I hope this profound experience leads her to an ever deeper and richer life.

Lady GFG


Henri (12/27/04; 22:53:10MT - usagold.com msg#: 127764)
She Lives!!!
Just got a note by E-mail from my daughter in Thailand.

Excerpts below...true gold from an American I am proud to claim as my daughter:

-----Original Message-----
From: Kristen Moon
Sent: Monday, December 27, 2004 11:03 PM
Subject: on my way home


i'm fine, i'm fine, i'm sorry it took so long for me to get in touch. i was on gulf side when the tidal waves hit, but as soon as i heard about the extensive damage i hopped in the back of a pickup with a bunch of other backpackers and we headed three hours overland to the relatively sheltered relief beach of ao nang to see what help we could offer. the coast is complete wreckage. crushed boats and vehicles and any debris you can imagine washed out along shore.... very few local boats survived, and those that did have been full out ferrying between islands for the past two days. i was going to join a crew out to phi phi, but i didn't think i should risk any aftershocks. everyone coming inland has this permanent look of disbelief etched into their expressions, as well as fear for those that are still missing. most of them have lost everything - money, passports... from what i hear, there is virtually nothing left on these resort islands but flooded rubble. the thai people are still ridiculously accommodating to all the westerners - you'd think in this sort of situation it would revert to every man for himself, but they're almost favouring the tourists - putting them into relief trucks first, still carrying their bags...

there is very little first aid, some survivors have gone almost a full day without a proper feed or medical care. i've been working since all day yesterday and was part of a massive crew of volunteer locals and tourists who just camped out near the wharf last night. we must've unloaded a couple of dozen boats - coconut boats, long boats, ferry boats, even the yachts from up north are pitching in. i mostly just helped manually reloading supplies ...food, water, blankets, clothing and what little they've managed to donate from surrounding towns. i didn't have much money left, but it's all gone to donation. there's not much i can do, and i feel pretty useless overall. i mostly talk down the english speaking tourists and try to help them deal with what they just experienced, and help them to trucks that will take them inland and north where they can contact family overseas. the more boats that come in, the more apparent it becomes what scale of disaster we're dealing with.

our local efforts are pretty futile for the most part - until the redcross showed up there wasn't even any sort of makeshift hospital, because nobody really had any nursing experience. i sat with a man from the czech republic who had been caught snorkeling and full on scraped across the reef by a wave. he held a blood-soaked towel to his face and chest for hours before they could finally attend to his stiches - all fifty of them. some people didn't survive, mostly young children. they wrap them in white sheets and i try not to notice. thank god within twenty four hours more international volunteer crews showed up - these people are professionals and know what they're on about. after wandering around an unorganised mess of questions and offerings, we were suddenly formed into crews and put on shifts and patrols. this morning things started taking a turn for the better and more people's needs are being met, so i'm about to go into transit north to bangkok. transportation is a mess right now, everyone just wants to get the hell out of here, but my flight doesn't leave until tomorrow, so hopefully i'll get there in time.

i'm not sure what kind of media coverage you're all getting overseas, but i'm pretty sure these waves are going to literally sink thailand's economy. this country's already struggling from a previous market crash and with gems like phi phi and phuket submerged, it will be an excruciatingly long recovery period. i can't believe these gorgeous islands i've spent the last week exploring have morphed so suddenly from paradise to disaster area. my camera is permanently stashed. i won't be able to show anyone my andaman photos now without thinking of the victims they unloaded and lined up along the temporary dock.

on a brighter note, i spent my entire christmas day laid up sick in a cliffside bungalo after collapsing on the beach from muscle cramps. i guess its not a proper trip to southeast asia without a large scale natural disaster and a serious bout of food poisoning. i spent the entire 25th chugging electrolytes but luckily it was one of those 24 hour bugs, and the 26th found me down on hatrin beach with a fistfull of glo-sticks dancing until dawn at the full moon party. it was an intense experience jumping from the west coast - a place of fire-dancers and djs, where liquor was only sold by the bucket and every inch of skin was splattered with flourescent paint - to the devastation that had occurred on the east coast. you go from being one in thousands individuals out for the sole purpose of having a good time, to being one in a thousands-strong-workforce, linked together by the collective realisation that good times can't last. i find my little holiday is over on a variety of levels. it's been thrilling and shocking and amazing and sad and exhilarating and exhausting and completely opened my mind and certainly broadened my experiences, but i think i'm ready to leave this place now. i'll catch y'all in auckland.


YGM (12/27/04; 21:38:52MT - usagold.com msg#: 127763)
Positive to Negative...Negative to Positive,,,
Ying and Yang....Transition, Interdependance and Interconnection....Opposites Attract....Non Linear....Thus you have the "Circle of Life"

Liberty Head (12/27/04; 20:16:58MT - usagold.com msg#: 127762)
R Powell

I appreciate your comments as well.
Your comments about positivity and negativity are noteworthy indeed.
To an objective observer they are opposite sides of the same coin. You could not have one without the other. The very meaning of one is derived from the other. They are equal in importance. Both are required for balance.
I would no sooner want a positive attitude than I would want a battery that had only a positive pole. It wouldn't do work.
A balanced attitude would suit me better.

For every proton there is an electron. The more one excludes electrons in favor of amassing protons the more potential one builds for lightning to strike. The electrons don't disappear from the universe, they just disappear from the fools mind.
This universe is all about flowing to balance. Balance is harmony.
If I am negative it is only because of my desire to bring balance to an off balance situation. I fully realize how few folks appreciate it, though. Somebody has got to do it.
So many folks have been brainwashed and sold on being positive and excluding the negative that we are way out of balance. That is what our economy is telling us.
That is also why one should own gold.

Best Wishes

Best Wishes




Cometose (12/27/04; 19:27:21MT - usagold.com msg#: 127761)
BONDS and Stocks FALL
A Day is not a month and a month is not a year ..........
but someone was commenting this morning that this will be the 3rd year(2004) in the Dollar slide.

.....and there is some consensus among economists about where the dollar is going in 2005....

DOLLAR Denominated holdings therefor .........are not looking like a good place to hold/port for 2005.......

Again , a day is not a month and a month is not a year , but what if a day turns into a month and month turns into a year re: BONDS and STOCKS FALLING AT THE SAME TIME .....

WHy would that happen ? BECAUSE DOLLAR DENOMINATED ASSETS ARE OVERVALUED AND THEREFORE WE HAVE AN ONGOING DEVALUATION ......OF THE DOLLAR AND DOLLAR DENOMINATED ASSETS.....


Historians , more informed than I, have said that the depression of the 1930's started in England; at that time the Pound was the reserve currency of the world.... and fell from grace. Interesting that this is the first time I recognized that the depression occured when the BRITISH POUND changed places with the Dollar for position of World Reserve Currency Status ...

(The last Global Depression happened when the then world declared war on the Pound.....(English history prior to the fall of the pound is interesting with regard to where the U S SITS TODAY in the context of Empire Building)

Where is all that money ( Money fleeing the DOLLAR , Fleeing the US EQUITY MARKETS {denominated in euros : flat for over a year} Fleeing the US BOND MARKET ) going to go ?????????? the money that is fleeing the Equity Markets and Bond Market at the same time ................??????????????????????

Will some of these dollars flow from the most overvalued assets to most undervalued asset classes ??????????


What are these classes?????

Think about it ...........and then act decisively .....on your thinkings....

I SUSPECT YOU WILL BE HANDSOMELY REWARDED


If history repeats ..........

the Euro will benefit .........(indirect beneficiary /gold based/ trade through currency )
and the Yen ...........as a Proxy for the Asian monetary unit of the future....
GOLD : STAND ALONE CURRENCY , Harbor, Safehaven , Hedge,
ROCK , Foundation , ANCHOR, Standard.

Was the Euro designed by the west and for the west as INTERIM CURRENCY for the WEST........while we go through

"THEM CHANGES"

Buddy Miles .........----- Subtle Prophet

R Powell (12/27/04; 19:15:37MT - usagold.com msg#: 127760)
Liberty Head
Jesus? No. Maybe Prometheus...?

Your evaluation of the state of mankind may be similar to that of many observers throughout recorded history. Believe what you may but be cogniscent of the fact that beliefs, so deeply held, may overwhelm the holder and alter you...change you...for better or worse.

I admire your stance, but I avoid your negativity (and the same found in many in this world) as it offers nothing positive, educational or advantageous in any way. Many believe we are on the brink of destruction. Mankind has always been so positioned. Maybe the next dominant species on Earth will fare better?
rich

R Powell (12/27/04; 19:03:25MT - usagold.com msg#: 127759)
Metals' price and HUI index
Very recently the price (in US dollars) of coffee has appreciated (about 20% in a matter of weeks) YET the increase has not enticed more producer selling from Brazilian farmers. Brazil is the largest coffee producer (followed by Vietnam, then Columbia). Why? The answer lies in the also recent currency exchange valuation changes between the US dollar and the Brazilian currency (the real). Net end result is that the increase in US dollar terms has been offset by the exchange rate into Brazilian currency so the farmers net no increase in the sale of coffee. There are other issues with coffee but, as with most everything, the currency exchange is important.

The analogy works equally well in terms of many mining companies whose expenses must be paid for in their own country's currency. With the weakening dollar, these expenses are increasing in dollar terms, perhaps offsetting the higher dollar price of their product...gold. How many of the XAU or the HUI companies are based in the USA? How many are in South Africa or other countries whose currencies are strengthening against the dollar. As Aristotle might say...gold is gold, equities are equities. He's right, there are many considerations that determine a mining stock's price (value), not just the POG.

I've also read speculation that the new gold stock traded equities (ETFs) may have taken investment money away from mining stocks...? I don't know, but it sounds logical to me. These may offer an investment that is more closely aligned to the POG and less likely to be adversely effected by other influences. I don't know. I own no stocks, as I prefer physical metal and leveraged paper investments.
rich

Liberty Head (12/27/04; 18:48:42MT - usagold.com msg#: 127758)
Aristotle

I appreciate your comments.
I don't have any solutions for the human predicament or know that any are necessary. As far as economics go, I stand for free-markets in world of controlled markets.
I stand for truth and honesty in a world of lies and deceit.
I detest the use of force and fraud to achieve any goal, any purpose. If I could put a stop to it, I would. I know that is not within my power except within my own example.
From my point of view, the world is in the hands of fools. That's not to say everyone is a fool.
Most folks are easily minipulated by their emotions, namely fear. We are at where we are at because most folks react emotionaly without sufficient thinking. Those that do think and dare to speak out are routinely crucified. I think that sucks. It pisses me off quite a bit. So that's where the chip comes from and I'm not ready to loose it just now.
Another Jesus I am not.
I say what's on my mind without letting fear of reprocussions get in the way. I'll take whatever comes back to me and deal with it as best I can.

Even if it means losing my head, you won't catch me painting the roses red.:-)

I do have gold though I didn't loose the chip first.

Thanks for speaking your mind Ari.

Best Wishes








Caradoc (12/27/04; 18:18:57MT - usagold.com msg#: 127757)
Ned's query
Ned: Can't answer your "why?" about dollar tanking while gold lags and the miners lag even more. If I had to guess, it's because markets have been conditioned to expect massive intervention of more than a full percentage point whenever the dollar begins a nosedive. The query I'd rather know the answer to is "For how long?" because that answer defines the window for buying metal and miners cheap before they begin to play catch up with what the dollar is doing.

Meanwhile, today marks day 2 of no intervention while USDX closed below its support level. Maybe day 3 or 4 of USDX nosedive with no intervention will mark the point where gold takes off.

We'll see, won't we?

Caradoc



Aristotle (12/27/04; 17:11:25MT - usagold.com msg#: 127756)
Liberty Head (127747) -- Wow. That's a nice little chip on your shoulder
Howzabout articulating for us the solution as you would see it.

After that, howzabout taking an additional moment to recognize why the problem came to us from the past, and then after that, try to reconcile for us why the future might be imagined as any more amenable to the workings of your solution. I think it's a flight of fancy you'll discover yourself to being on. Let's get those feet back on the ground, fella!

Two recommendations:

First,
Lose the chip.
Second,
Gold. Get you some. --- Ari

Cometose (12/27/04; 16:28:44MT - usagold.com msg#: 127755)
SEC Documentation for earlier submission
http://www.sec.gov/rules/final/34-50103.htm
Had to run out to work earlier the
Document cited with my earlier post is here/

USAGOLD Daily Market Report (12/27/04; 16:22:09MT - usagold.com msg#: 127754)
Page Update!
http://www.usagold.com/DailyQuotes.html
The Daily Gold Market Report has been updated.

If you are considering investments in gold we invite you to request our free introductory information packet detailing the products and services offered by USAGOLD ~ Centennial Precious Metals. We welcome your inquiry and look forward to working with you.

Monday market excerpts

Gold futures climbed above $446 an ounce Monday, reclaiming their highest level in three weeks, as the dollar fell to another record low against the euro.

Christmastime volume was a very light 12,000 contracts. Gold opened firm but many participants were out of the market for UK public holidays on Monday and Tuesday. London bullion trade will reopen on Wednesday.

Investors worried that the United States and Europe have no plans to intervene to stop the greenback's slide.

The six-year old euro traded above $1.36 for the first time around midmorning on Monday, giving gold a shot in the arm.

COMEX February gold traded as high as $446.70 before closing at $446.20, up $3.30 for the session.

"I would have expected more of a move given the euro push up," said Paul McLeod, a vice president of precious metals at Commerzbank Securities. "So, gold is lagging behind a little bit. We're waiting to see over the next couple of days if it does make a push to the upper part of the range."

Investment funds chased gold to a 16-year high near $460 an ounce early this month as the dollar fell on worries about economic growth and ballooning U.S. current account and budget deficits.

"We're in the middle of a $430-$450 range," said a New York bullion trader. "But you've got to like gold as long as we continue to hold $430. The euro really did mount a nice rally against the dollar so there could be some catching up in the gold market."

"The rally is certainly being fueled by the overall dollar weakness and also by new buying coming back in the market for another try at $500," said Kevin Kerr, president of Kerr Trading International.

Gold may also be experiencing a "mild boost" from Sunday's massive earthquake and tidal waves that struck countries bordering the Indian Ocean and in Southeast Asia region, he added.

All in all, "gold seems to be re-doubling its effort to build solid support ... and if it continues, we are likely to see $450 very shortly," he said.

-----(see url for 24-hr international economic newswire)----

HEADLINES

Gold futures close at a three-week high -- MoneyAM

Treasurys end lower in pursuing dollar's drop -- MoneyAM

Economic toll from Asian quake expected to be tempered by extreme poverty of affected regions -- San Diego Union-Tribune

Human toll seen as higher than economic toll from quake -- The Business Times

Bullish gold rallies towards a 30-year record -- The Advertiser, South Australia - Business

Talk that intervention won't happen sparks dollar fall -- Today's AFX News

Treasuries fell, gold rose on weak dollar -- FinanceGates

U.S. stocks fall as lower oil and dollar weigh -- Reuters

R Powell (12/27/04; 16:08:24MT - usagold.com msg#: 127753)
Ned
It may be that the POG is determined as the result of a multitude of factors. Seems lately that everyone is pointing to the relative dollar strength index as the only determinant. Maybe it is currently the strongest but I'm sure it's not the only factor. Many analysts who usually have almost nothing to say about gold (because they know nothing?) are now spouting off about the POG being directly inverse to the dollar's strength. Even Bob Pisani can look intelligent explaining that "gold is trading like a currency". It certainly seems true, but it's not the only puzzle piece in the game.

Also influencing prices are supply/demand fundamentals, money flows into and out of commodities, currency traders' hedges, producer and end-user hedges, physical demand, market perceptions (of not only the POG but a mulititude of other perceptions), end of year bookkeeping, the usual market noise (ups and downs), the current state of the empire's wars, inflation/deflation fears, very light holiday trading volume, Gandalf's + the hobbits purchases, profittaking, Aristotle's massive paper position (just kidding), etc.

OR, it may be as you imply, that the dollar index will rise as the POG is low,....or that the POG needs to catch up with that falling index..?? I don't know but I'm betting on long term price inflation as wars are often costly and the deficits (fears) need to be kept under control.
rich



Liberty Head (12/27/04; 15:13:22MT - usagold.com msg#: 127752)
The Dollar is going to 50

It will likely go below 80 before the end of the year.

I have to laugh at those who think the answer to the failure of our Keynesian economy is to replace it with a global Keynesian economy.
P.T. Barnum was right.
There's a sucker born every minute.

Those who think the only reason government fails is because it isn't big and powerful enough, are funnier than the 50 circus clowns climbing out of one small car.
I just wish they would all wear white make-up and red noses so it would be easier to recognize the clowns when you see them. I can't complain though cause admission is free.


Best Wishes


Gandalf the White (12/27/04; 14:55:55MT - usagold.com msg#: 127751)
NOT to worry, Sir NED !
Ned (12/27/04; 14:47:08MT - usagold.com msg#: 127750)
What's up with the POG?
===
This is only the early warning.
The pressure will build up and then we shall see ANOTHER type of Tsunami !
IT TOO shall sweep away many and cause terrible LOSSES !
Let us pray for those in South Asia, and hope that more can read the financial waves !
GW

Ned (12/27/04; 14:47:08MT - usagold.com msg#: 127750)
What's up with the POG?
I just had a look at the USDX chart, another new low. Now when we broke 81 in early December gold jupled to 455. Today we break to a new low (80.68) and we're flailing at 444. What's up with thta?

Seems to me that the DX keeps setting new lows while POG does not and further, POG sets new highs while the HUI for example does not. HUI is lagging the POG and POG is lagging the DX.

Why?

Federal_Reserves (12/27/04; 14:21:59MT - usagold.com msg#: 127749)
The collapse of the reform party.
When Ross Perot lost in 1990 & 1994, so did the US worker. It bought forth a rampage to unfettered globalism.

NAFTA was huckstered by Clinton I/Bush I and by Congress as a way to increase American jobs and benefit the great majority of people both at home and abroad through its realization of free-market global capitalism. Exports and imports were expected to grow. Likewise, so was communist China's entry in the WTO, which was approved by Bush II! The US dollar, was the currency of this global boom.

The results?

The dollar is in near free fall, becoming a toliet paper currency, the US trade deficit is soaring. US manufacturing jobs are still in decline. Job growth occurs only in the service industry and only in the lowest paying jobs. The US largest employer is WMT who sells cheap goods from China, and 1/2 of the workers there qualify for food stamps and get paid no benefits.

The US has no energy independence, no longer can clothe itself, or build the products it needs for export, it is
so bad for the first food imports exceed exports, and now we are engaged in a major war to keep ISLAMIC terrorists
from acquiring the oil assets of IRAQ and jacking of the POO to outrageous levels.

Globalization is starting to fail. US exports are not rising as predicted relative to imports. Wage growth is poor. Inflation is picking up as the dollar swoowns.

US Workers have suffered from the slave-wages paid by the prison factory workers in communist china, we have relocated "American" jobs. Instead of bringing the world
up to our level we are falling down to its.

Environmental, labor protection, and intellectual property measures have been totally ignored in the global
economy; countries such as Mexico & China produce cheap clones and knock offs! The US dollar is becoming
toliet paper.

The FED/IMF/BOJ,all CB's, and the World Bank are essentially tools of the world's oligarchy elites, they steal money from taxpayers when their loans go bad, and propping up uneconomic 3rd world entities. Now they want to raid the social security trust.

The global game is coming to an end and soon. A backlash is coming, new leadership is coming, on the back of a failed system.





R Powell (12/27/04; 13:48:02MT - usagold.com msg#: 127748)
Dollar Crisis
http://www.business-in-asia.com/dollar_crisis.html
Thanks to Farmboy2 for this link. It's an interview with Richard Duncan, author of "The Dollar Crisis". It prints out at seven pages (after highlighting just the questions and answers).

I found the book very enjoyable. I read it with my usual pen and small plastic ruler, for underlining purposes. Now, I can read this new interview and reread my underlining for a quick review. I'm not the brightest among us so I use these little tricks to try to keep up!

Mrs. Claus brought me a copy of Marc Faber's "Tomorrow's Gold" for Christmas. Great woman, that Mrs. Claus! Mother Nature dumped, last night + this morning, 14-18" of snow on us here in this corner of New England, effectively shuttering my construction activities for now so......thanks to Mrs. Claus and Mother Nature, I can now find a quiet spot and study, guiltfree to boot! And the POG and the POS were both higher today...in US currency. Sometimes chicken and sometimes feathers...today I got chicken!


Liberty Head (12/27/04; 12:13:08MT - usagold.com msg#: 127747)
F words

A Financial Foundation composed of Fiat, Force and Fraud, Fails to support Free-markets and Freedom.
_____________________

Most folks understand that inflation is an increase in the supply of money.
Few seem to recognize or care that inflation is a "fraudulent" increase in the supply of money.

Protect yourself from the fraud squad.
Hold Gold


Best Wishes

Clink! (12/27/04; 12:03:50MT - usagold.com msg#: 127746)
A riddle !
When is a GAB not a bat ? Answer when he's a bear ! Some strong stuff yesterday, O Winged One. I agree with much of what you say. Admittedly, you have maybe changed your venue to one where there are like-minded folk, but I think that there have been sufficient changes in the (American) world to lend more credence to your words.
Having been to the after-Christmas sales yesterday, I saw what I believe to be another for of malinvestment which might be termed spenditis. This would be the disease of buying things for the sake of buying them, just because they are inexpensive. A case in point is my future daughter-in-law. She and my son have been living together for the last few months (an eye-opening experience for all concerned, I believe !). They are renting a small 2-bedroom house which is, to say the least, underfurnished. However, they have a huge back-projection TV in the family room, another in the bedroom, and a third in the kitchen. What did she buy him for Christmas ? You guessed it. A flat-screen TV for .... goodness knows where. Just what was going through her mind when she bought it, I wonder ? And, assuming that she is far from unique, is this the consumer-based mentality which is keeping the world's economy going ? Sigh. And to think she could have probably at least spent it on an eagle or a mapleleaf - the picture doesn't change, but at least it will still be there in a hundred years time !
C!


TownCrier (12/27/04; 11:47:33MT - usagold.com msg#: 127745)
HEADLINES from USAGOLD's newswire
http://www.usagold.com/DailyQuotes.html
Dollar Hits Historic Low Against Euro

Wall Street - U.S. stocks slip as dollar hits new lows -- MoneyAM

MKT BRIEF: Dollar, Bonds, Stocks Tumble -- American Stock Exchange

Gold futures near $447

Dollar Declines to Record $1.36 Against Euro as U.S., Europe Allow Slide -- Bloomberg

Gold Heads for Longest Rally Since 1970s Because of Dollar, Survey Finds -- Bloomberg

R.

Waverider (12/27/04; 11:00:10MT - usagold.com msg#: 127744)
Henri, Sundeck, YGM
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=i&w=5&t=l&a=2
Henri - I too have been in your position waiting news on a loved one following a disaster - there are no words to describe. Hold strong and know that many are praying for her safe return.

Sundeck & YGM - thank you for your thoughts.

Gandalf the White (12/27/04; 10:44:56MT - usagold.com msg#: 127743)
THERE goes the US$ !!! DIVE DIVE DIVE !!!!!
http://charts-d.quote.com:443/1002980432830?User=demo&Pswd=demo&DataType=GIF&Symbol=DX00Y&Interval=10&Ht=600&Wd=800&Display=2&Study=MA&Param1=13&Param2=0&Param3=&FontSize=10
Looking good for GOLD !
<;-)

goldquest (12/27/04; 09:38:45MT - usagold.com msg#: 127742)
Henri
Praying for your daughters safety and that you will receive good news soon.
goldquest

TownCrier (12/27/04; 09:34:01MT - usagold.com msg#: 127741)
Fed targets mortgage-backed securities, injects $10.75 billion to banking system
With the fed funds market trading on target, the Federal Reserve nonetheless conducted open market operations directed primarily toward MBS as collateral, adding $6.75 billion via overnight repos, and $4 billion through eight-day RPs.

R.

YGM (12/27/04; 09:31:33MT - usagold.com msg#: 127740)
Henri....
Just got home from xmas in the city...Thoughts, prayers and positive hopes coming your way friend....YGM

Lady Waverider ....your loss is still in our thoughts also, hope you and family are at peace, as we know your brother is....YGM

OverHerd (12/27/04; 09:22:42MT - usagold.com msg#: 127739)
Henri
My prayers are for you and your family today. I hope all turns out well. Please post to the list if you can.
Joe

R Powell (12/27/04; 09:02:16MT - usagold.com msg#: 127738)
Henri
Words sometimes fail me. I have been in your wiating to hear position. May it be good news.

USAGOLD - Centennial Precious Metals, Inc. (12/27/04; 09:01:27MT - usagold.com msg#: 127737)
A is for Asset Preservation: Why Americans Need Gold
http://www.abcs-of-gold-investing.com/
(excerpt from newly released Second Edition, 'The ABCs of Gold Investing' by Michael Kosares, president of USAGOLD - Centennial Precious Metals)

The incident is one of the most memorable of my career. Never before or since has the value of gold in preserving assets been made so abundantly clear to me. It was the mid-1970s. The United States was finally extricating itself from the conflict in South Vietnam. Thousands of South Vietnamese had fled their embattled homeland rather than face the vengeance of the rapidly advancing Communist forces.

In my Denver office, a couple from South Vietnam who had been part of that exodus sat across from me. They had come to sell their gold. In broken English, the man told me the story of how he and his wife had escaped the fall of Saigon and certain reprisal by North Vietnamese troops.

They got out with nothing more than a few personal belongings and the small cache of gold he now spread before me on my desk.

His eyes widened as he explained why they were lucky to have survived those last fearful days of the South Vietnamese Republic. They had scrambled onto a fishing boat and had sailed into the South China Sea, where they were rescued by the U.S. Navy. These were Vietnamese "boat people," survivors of that chapter in the tragedy of Indochina. Now they were about to redeem their life savings in gold so that they could start a new business in the United States.

Their gold wrapped in rice paper was a type called Kim Thanh. ... It wasn't much gold -- about 30 ounces -- but it might as well have been a ton. The couple considered themselves very fortunate to have escaped with this small hoard of gold. They thanked me profusely for buying it.

As we talked about Vietnam and their future in the United States, I couldn't help but become caught up in their enthusiasm for the future. These resilient, hard-working, thrifty people now had a new lease on life. When they left my office that day, there was little doubt in my mind that they would be successful in their new life. It was rewarding to know that gold could do this for them. It was satisfying to know that I had helped them in this small way.

I kept those golden Kim Thanh for many years. They became something of a symbol for me-a reminder of the power and importance of gold. Today, when economic and financial problems have begun to signal deeper, more fundamental concerns for the United States, I still remember that Vietnamese couple and how important gold can be to a family's future.

Had the couple escaped with South Vietnamese paper money instead of gold, I could have done nothing for them. There was no exchange rate for the South Vietnamese currency because there was no longer a South Vietnam! Wisely, they had converted their savings to gold long before the helicopters lifted U.S. diplomats off the roof of the American Embassy in 1975.

Over the years, I have come to understand and appreciate the many important uses of gold... As an asset of last resort, gold makes its most important contribution to the general welfare. Through the many economic debacles in human history runs one common thread: those who survive financially do so because they own gold.

In recent years, gold has regained its glitter among American investors. This renewed interest in gold is not so much a hedge against the devastation of war but against something much more subtle-the potential destruction of wealth from an international collapse of the dollar and a subsequent economic breakdown.

The telltale symptoms of a currency and an economy in stress dominate the U.S. financial and political scene. The litany is familiar: massive federal government deficits, a burdensome and virtually unpayable national debt, a rapidly growing foreign-held debt, unsustainable levels of private indebtedness, confiscatory taxation, high structural inflation rates, and declining productivity across the board.

However, only a handful understand that these problems are interrelated and deeply rooted, and that they directly affect the viability and value of investment portfolios for all Americans...[continued]

R Powell (12/27/04; 08:48:32MT - usagold.com msg#: 127736)
GAB // Relative currency values
Your words, here, from yesterday...

"I think the euro is going to cave in. Not what I would like to see, but what I think will likely happen.

That means, Europe is going to go whole hog for inflation, to keep the euro down, not over, say $1.40 at the limit."

Good question. I've been wondering about relative currency values and how the market determines them. How much is the value of a country's currency tied into its GNP? How much is it determined by its supply? If the dollar supply and the euro supply are both inflating, then does one weaken against the other if that one is inflating at a greater rate than the other? How much should liquidity be increased in relation to general economic growth? Or, is a currency's strength more determined by simply the supply versus demand for that paper? Or, are relative strengths a combination of all these factors and many more, some of which we might be aware of and some of which might be unknown?

How much is relative strength determined by debt? Suppose I owe $10,000 when my net worth is $100,000.... then a year later my debt has increased to $100,000 but my net worth has too...to $1,000,000. My debt to net worth ratio is still 10 percent. Am I deeper in debt or have the numbers simply changed? How does today's US debt compare to that of years' ago in this respect? Is the US dollar weakening relative to other currencies only because the RATIO of debt to net assets is increasing. I hold the opinion that ALL fiat currencies will inflate (and their value deflate) with the passage of time, it's the relative strength of one to the other that interests me, especially the relation between the US dollar and Asian currencies.

The Chinese yuan is pegged to the dollar at a 1:8.3 ratio now. How can such a peg be maintained if economic growth, currency supply, trade balances, etc. DO influence the relative values? How will such a peg be broken without a major disruption? Are the Chinese inflating their paper money supply? At what rate? Is this rate tied into their rate of economic growth? Is this rate greater than or slower than that of the US dollar?

Needless to say, commodities (tangible, physical assets) are traded (exchanged) on the basis of their numerical currency value. Precious metals are too. If one holds the opinion that price inflation is likely to occur, then metals prices will increase. Is the advancing "price" of gold simply a currency evaluation change. Is the POG advancing in all currencies? This is the simple rational behind an investment in metals. I wonder more about the future currency valuations with an eye toward other investments, but certainly currencies' "values" may be the premier influence in the forseeable future.

I'm aware of the opinion that "value" should be determined by a weight of gold rather than by any currency. Unfortunately, this is not the case, at least at this time. Items are still bought and sold with currency units. I ask these questions from a pragmatic point of view, but, if they instigate other trains of thought, so be it and have at it! Nobody died and left me king. However, I do hope some fundamental information will be offered, lord knows I need all I can get.

I have no trouble thinking of questions for which I have no definitive answers (grin). So, I'll have to disappoint those who were waiting for any. The best I have are opinions but I'll throw these questions out hoping to elicit some facts, information and opinions..Happy Boxing Day!
Any takers??
rich


TownCrier (12/27/04; 08:39:31MT - usagold.com msg#: 127735)
Henri
You can be sure that we are wishing you the speediest arrival of news of your daughter's safety.

R.

Cometose (12/27/04; 08:23:43MT - usagold.com msg#: 127734)
An End to Naked Shorting ?????
The following appeared on the other board and I apologize if this is a repost ...This the first I have seen of this ...


I'm submitting it here to see if we could have little commentary and interpretation thereby ....


Date: Mon Dec 27 2004 10:00
PoP_Eye (?The? ONE MAJOR reason why Gold and Silver shares are going down, and how you can PROFIT by it!) ID#170196:
Copyright © 2002 PoP_Eye/Kitco Inc. All rights reserved
DON?T scroll over the following, as it directly concerns YOU! You can call it a Christmas gift or a NEW YEARS gift from the one-eyed corn-cob pipe smoker, who wears a sailor hat.

***On January 3rd , 2005 the SEC is implementing a revised Regulation SHO / Affirmative Determination with strict rules for Market Makers to CLOSE OUT all naked short positions on all stocks in compliance with RULE 203, ?Locate and Delivery Requirements for short sales?. Compliance Date: The compliance date for ??242.200 and Rule 203 is January 3, 2005.
.

****Beginning January 10th, 2005 the SEC will DAILY PUBLICIZE ALL stocks where the Market Makers in each stock that has not complied, where traded shares have ?NOT? been accounted for, which will force the Market Makers to buy shares of the Naked short or just plain short company's shares. Very quickly investors will recognize this ?MANDATORY REQUIREMENT? and will refuse to SELL ( like the weak hands have and are doing ) for give-away prices which will cause the miscreant market makers to raise their bids on the stocks they NEVER had in the first place!

*****The smell of napalmed shorts when the market is open will cause the ?Poor? Market Makers to buy shares at ever and ever increasing prices!

******The illegal practice of trading non-existent shares will come to a screeching halt!

Check it out for yourself: click here ...

How,,,,,,,can you profit RIGHT NOW? It is very simple when the market opens Monday make sure you are ready to buy with both hands on the computer or speaking into your phone;,,,,,,purchasing the bargain basement shares that the uninformed are dumping because THEY follow the crowd. ?IF? you have DYODD and have a fav stock then back up the pickup or wait till the rest of the followers finger out just what is going on!

Common sense would indicate that the market makers are deliberately driving the prices of PM stocks down so they can short them further and make more money the shorter the stock goes. Then they will take the money made from the illegal shorting and buy Precious Metals stocks with their very last penny! You can beat them in this game of chicken ?they are playing? by holding firm NOW or buy all the bargains you have dry powder for causing max pains for the illegal manipulators!

Now you have a clue why the PM stocks have been steadily declining since September 2004! I M what I M and that is all that I M!

( this is a repost of this item for any who missed it the first time ) .




Henri (12/27/04; 08:12:00MT - usagold.com msg#: 127733)
Daughter Missing in Thailand Tsunami
My daughter Kristen Moon (20) was island hopping on the southern beaches of Thailand when the tsunami struck. We have not as yet heard from her but her last e-mail mentioned Ko Phi Phi and Ko Lanta both of which were hard hit by 10 meter waves.

Please pray for her safety and for strength to the emergency workers in their grim duty...it is our hope that she is among them.

Thank you all

ronald (12/27/04; 00:43:09MT - usagold.com msg#: 127732)
Asian Shares, Currencies Slide on Tsunami
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=7182046
SINGAPORE (Reuters) - Asian stocks and currencies fell on Monday after tsunami waves triggered by the world's worst earthquake in 40 years killed nearly 15,000 people and wreaked havoc on tourist beaches.

The yen touched an 18-month low against the euro, falling with emerging Asian currencies as traders tried to assess the economic fallout from the disaster.

Shares in travel-related companies fell across the board as the region counted the cost of tsunamis that devastated areas of Sri Lanka, southeastern India, Thailand, Indonesia and Malaysia.

Thai shares fell 1.5 percent to lead losses in Asia, weighed down by a 3.5 percent drop in Thai Airways.

Singapore Airlines fell 1.7 percent and Malaysian budget carrier AirAsia Bhd dropped 2.3 percent on expectations the devastation would hit travel in the region. "In Southeast Asia, the hardest hit would be Thailand," said Sani Hamid, a currency analyst at 4CAST in Singapore. "It hit the heart of the tourism industry there."

The benchmark index in Thailand, where tourism accounts for about 5 to 6 percent of the economy, has fallen 14 percent this year to rank with China as the region's worst-performing market.

Japan's Nikkei stock index slipped 0.03 percent to 11,362.35, weighed down by a 3.2 percent drop in discount travel agency H.I.S. Co. The index has risen 6 percent this year.

NEC Electronics Corp. tumbled 5 percent after a newspaper said the company, the world's eighth-largest chip maker, was likely to miss its profit forecast for the year to March due to sluggish demand.

FIVE-YEAR HIGH

MSCI's broadest index of Asia Pacific shares outside Japan had dropped 0.2 percent by 0620 GMT, after touching its highest level in almost 5 years in opening trade.

India's Bombay index rose two-thirds of a percent to a record high, led by a 2.9 percent rise in Tata Steel



TownCrier (12/27/04; 00:29:54MT - usagold.com msg#: 127731)
Away for the holidays?
http://www.usagold.com/cpmforum/archives/23200412/default.html
Review what you missed. Start here in the archives (give or take a day).

R.

Liberty Head (12/27/04; 00:16:24MT - usagold.com msg#: 127730)
Asian Shares, Currencies Slide on Tsunami
http://story.news.yahoo.com/news?tmpl=story&ncid=749&e=1&u=/nm/20041227/bs_nm/markets_global_dc

snippit:

Gold held steady in Asia around $442.75 an ounce.
________________

Hmmmm

Best Wishes



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