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ARCHIVED DISCUSSION FROM 9/28/2006 All times are U.S. Mountain Time (Yesterday's Discussion.) melda laure (9/28/06; 23:07:13MT - usagold.com msg#: 147902) Is the Euro the "anti-dollar"? Or is there but one world confraternal order of banksters. @ White hillsI'm not sure its garbage, but it was certainly shocking to hear it comming from Clive Maund who I've never thought of as a liberal weenie. It was certainly shrill and not quire rational on all points. I find it frightening that both parties seem to be happy to gut what's left of the constitution, the compromise torture/tribunal bill was done solely to get the subject off the radar before the election. There is somethig creepy about the talk about Iran. I suspect they are on the target list regardless of who is in the white house (which I assume is what Sir 'Lox hints at).I want to turn aside this conversation to something a little less partisan. Two of the key objectives that have been identified here are the need for A. Sustaining the International dollar reserve system.B. Securing the World Oil Supply for the dollar system, and the US.Clearly, the possibility of an Iran adventure would make these competing and incompapatible goals. At the least, there would be a severe need for multilateral intervention to keep the financial system stable in the event, and perhaps such coordination is ongoing at this time to hash out the various responsibilities (and the price of the necessary bribes).This brings me to the question that has been on my mind. Clearly the IMF is part of the dollar anglo alliance. But the FED is thought to be "owned" by foreign (mostly European) banking cartels. And as to the CFR, the Bilderberg Set, and other similar roundtables, these are not obviously "Amero-centric" or Dollar-centric, indeed, the FED and the whole Anglo alliance is thought by some to be but a manefestation of TPTB.The question is, where does the Euro figure? Is it REALLY the "anti-dollar", or is it too, just a tool, a counterpoint to the dollar to prevent too much power located at Wall Street or 1600 Pennsylvania Ave, by uniting europe into a Dollar rival. It is clear that Belgian, Oro (and TIH and others lately) have expounded at length how the Euro is NOT the Dollar, yet it has always seemed to me that there is but one confraternal order of banking (even as its European members chafe at american "exhorbitant priviledge"), and those who are not members are living on the outer rim of "the republic" (to use the George Lucas Star Wars idiom).It is too facile to place Sauron's ring on the hand of whomever happens to be the present tennant of the white house. That ring lies on other hands in hidden places and its corruption is more subtle and permeates both parties and the FED and the ECB participants I fear.Because if the Euro is part of the same game of control, then indeed the ring bearer has already failed and the cryptocrats of global statism will cover the earth in a second darkness, and in vain do we await the fall of the dark tower of the house of JPM.I for one, think Mr Maund may not quite have it right. The Euro area is not quite ready to block a Chinese take-over of the middle east. And (for a price) they are willing to stand by while the Dollar Alliance effects the "hostile takeover" of the world oil reserves, pays for the mess in dollar inflation and american blood, bidding the americans to come home with their shield or on it.Gold will shine in such dark days, for we cannot say how the fates will assign victory, only that the ring will not be unmade and the bankers will reconstitute their strength. The gold in THEIR vaults is our only guarantee of their intentions, else our only hope is in the black markets. Smeagol (9/28/06; 21:20:49MT - usagold.com msg#: 147901) Of Kings Of Hills Sam: "Now, where's that sneaker gone to for the last two nights? I've some tasks to set him."Frodo: "He's over on the Hill again, playing King. It's part of the Contest. Didn't you see him when he left earlier? Wearing a robe, crown and even carrying a scepter!"Sam: Well, if that old coat of his is a robe, and a pie tin's a crown, and a stick's a scepter, then we're all doing quite well, aren't we?"(meanwhile, on the Hill)Smeagol: Sss...we thinks we needs a koi pond up here! What's a King without fish at one hand and It at the other, O yess, precious! Goldilox (9/28/06; 19:33:44MT - usagold.com msg#: 147900) Hot Buttons @Contrarian,You'll always hit some "hot buttons" when you post anything derogatory about the second-in-command of the Mena, AR, Drug and Arms Distribution Co.(Google it to see why)Although most don't seem to mind nearly so much if you derail the third-in-command, who some people actually believe is "liberal", because he uses Democan banksters to fund his dirty work instead of Republicrat banksters. The "still unallocated" $400M Katrina Charity speaks volumes about these powerful grifters and their inter-relationships!It's hard to miss the fairly obvious hints that this cartel has been completely dominant for a number of decades, dating back to when Grandpappy brought the I.G. Farbin (you know, the cartel than ran the concentration camps) monies back home to his own bank and somehow "evaded" the "Repatriation of Foreign Funds Policy". Why has their drug-running stooge Noriega NEVER gone to public trial? Can he name too many names?Why was a well-known National Security council "aide" pardoned for refusing to testify about illicit heroin/cocaina/arms deals in the White House? Was he sent back to finish his work under cover as CNN "War Corespondent"?Why have the Saudi Royals, who funded Al Quaida directly through "charities" deposited in well-connected western banks never been brought to the bear witness over 911? In fact, the bin Laden family was "escorted" out of the US by the FBI on Sept 12, when law-abiding Americans weren't allowed to fly - NO questions asked. They only detain and "question" peasants from the mountains, NOT monied royalty!Do the math . . .Americans are all up in arms about Chavez' "devil" remark, but applaud Bush's "Axis of Evil" description - what's the difference? They're both examples of political posturing at the lowest common denominator. When the Krips battle the Bloods, is it really appropriate to take sides?I don't believe gold is going to return to prominence because one side or the other "wins". In fact, both sides prefer the slavery of FIAT control. I believe gold will find its "value" in the disruption and perhaps even the collapse of some very corrupt and incompetent "leadership", and it won't be "pretty". White Hills (9/28/06; 18:01:14MT - usagold.com msg#: 147899) THE MASTER PLAN FOR THE WORLD! Sir Contrarian, Do really you believe this is a brilliant sumup of the present situation? The last line of your post should give everybody reason to doubt everything in it as well as the entire rant from a obvious liberal nut. "However, as the Commander-in-Chief of the United States is known to be mentally challenged and unstable and to have severe personality problems, anything could happen"This quote is garbage and so is the rest of the article. White Hills TownCrier (9/28/06; 16:22:11MT - usagold.com msg#: 147898) Gold sales sparkle on low prices http://www.thehimalayantimes.com/fullstory.asp?filename=aBXaza0sa2qzpa4a2Ta1qa.axamal&folder=aBDasaian729&Name=Business&sImageFileName=&dtSiteDate=20060929 Himalayan News ServiceNew Delhi, September 28 :The festival spirit has brought joy in the Indian gold market as current low prices coupled with a forecast of new highs by the year-end have propelled sales.Buyers returned to shop for the Hindu festival of Diwali and the wedding season even during the shraddha period - a fortnight during which people pray for their ancestors and avoid auspicious activities including buying gold - as the prices touched a low of Rs 8,700 per 10 grams...Market observers say that Indian buyers have come to accept the fact that the time when gold was available for about Rs 5,000 for 10 grams is over and are ready to make a beeline for gold purchase when prices show signs of getting below what they consider as low.With prices on the rise again to reach Rs 9,000 per 10 grams of pure gold, the demand is mostly for gold bars, with even small investors seeking to buy 50-100 grams in anticipation of gold scaling past earlier high levels of over Rs 10,000 per 10 grams.^---(from url)---^With prices rising across the board, gold is the solid savings vehicle to use no matter which national currency you have.R. TownCrier (9/28/06; 16:17:27MT - usagold.com msg#: 147897) Gold and Silver Offering a Rare Buying Opportunity http://gold.seekingalpha.com/article/17704 Sept 28th, 2006 (The Texas Hedge Report) -- While the Dow may soon briefly take out its old 11,700+ highs, the real story of late in our opinion is the recent pummeling of all commodity markets. Though we follow oil, natural gas, copper, and other commodities with great interest, our continued belief is that the best risk/reward set up in the major commodities comes in the form of the precious metals – namely gold and silverYou see, after peaking at $720 an ounce on the yellow metal and $15 an ounce for the poor man's gold, the two metals have come under a great deal of selling pressure. We think this correction is due to a number of factors......With the intense correction in the commodity complex, it appears that the black box traders (who can from time to time dominate gold and silver markets) are selling gold and silver simply because they are going down. Selling has continued to beget more selling and the fact that a clearly weakening U.S. economy only supports the case for gold and silver is overlooked.Despite temporarily lower prices, gold and silver's strong fundamentals haven't changed one bit. If anything they have only gotten stronger.We have recently seen that gold mine supply through the first half of the year amazingly dropped 2% year-over-year on 10% higher cash costs...Likewise, we have also seen that despite stepped up September gold sales ahead of the annual September 26th deadline, the European Central Banks (for the first time in seven years) will likely fall about 20-25% short of their 500 ton gold sale maximum quota as central bankers led by the Germans ... realize the investment value of gold...A world record monthly trade deficit of $68 billion was recorded in August by the U.S., which once again should be long-term U.S. Dollar negative and gold and silver positive.Yet, despite all this, panic has set in in the metals markets. Most investors seem quite confident that a commodities bubble is unwinding and gold and silver will be no different than copper or natural gas for that matter.Over the last couple of years, we have tried to step up during these steep and nasty metals corrections and say that these times will turn out in hindsight to have been great buying opportunities for long term gold and silver bulls such as ourselves.Now, once again, we sense the level of angst for gold and silver participants is high and the level of concern about the U.S. Dollar is low. Those with the courage to hold $600 gold and $11 silver in September 2006 will likely find heady metal gains in their stockings in the years ahead.Picking the exact bottom is impossible but the precious metals have now lost 15-20% in a little over a few weeks’ time and when one considers the supply/demand tightness in both markets, we think that such buying opportunities won't exist for very long.(^---(from url)---^Solid advice from Todd and Steven.R. USAGOLD Daily Market Report (9/28/06; 16:08:13MT - usagold.com msg#: 147896) Page Update! http://www.usagold.com/DailyQuotes.htmlThe 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.THURSDAY Market ExcerptsSeptember 28 (from Reuters) -- Gold futures rose to a 17-day high in New York on Thursday, amid quarter-end book squaring and increased physical demand after the recent sell-off, retaining a tight correlation with oil prices, which rallied.Trade was volatile. The technicals, fund positions and supply/demand picture were viewed as short-term positives. But there were offsetting flows from producers who sought to bolster balance sheets before Sept. 30 by selling gold inventories, a dealer said.Oil prices continued to improve from a drop below $60 a barrel this week. That added an inflation insurance factor to to the short covering in gold, which clamored above $600 an ounce for the first time in more than two weeks on Wednesday.At the COMEX division of the New York Mercantile Exchange, gold for December delivery rose $7.60 to $610.90.On Wednesday, benchmark gold rose back above the 200-day moving average, a widely watched long-term trend indicator, closing right on it at $603.30."Even with some fairly decent producer selling for quarter end, the funds seem to have fairly decent appetite and it seems like some of the fundamentals are driving it a little better now, with oil bouncing nicely off $60 and copper making a resurgence," said Graham Leighton, a vice president of precious metals at Societe Generale.India is entering its wedding and festival season, when demand for bullion to use in jewelry and gifts usually peaks. Physical buying perked up in recent weeks when gold dropped toward its lowest price since mid-June at $576.60 on Sept. 15."Physical demand has been amazing, especially the Far East and India in gold," said another bullion dealer.---(see url for full news, 24-hr newswire)--- Flatliner (9/28/06; 15:16:50MT - usagold.com msg#: 147895) The more I learn about derivatives The more I believe that those in the know, know that the end of time for the dollar is at hand. It appears that on a daily basis, we see hints that preparations are being made for life after the dollar from those that police trillions of them. It appears - that they are scared they'll lose control.In the face of this stands gold reserves. Gold reserves have never lost value (except in the rare case of a gold rush). When the US Dollar finds its overnight death toll and gold is no longer priced in US Dollars, I ask, what will be gold's value be on that particular evening? The following morning?To the central banks around the world that hold gold, it will be 100% of the reserve in the bank (the US Dollars will be zero). The following day, when gold opens to trade, it will be quoted in local currencies. That is the day that gold will carry its weight and function to float that local currency against gold. That is the day when ALL currencies will immediately be measured against gold and any local economy that does not have gold will find its currency floundering with the sea shells.The act of having to bail out those that trade derivatives will be the catalyst for the demise of the function of the dollar. But, as long as the public does not SEE the bail out, the dollar will continue to function. As long as the public does not see a lock-up of the system due to derivative failures, they will continue to use the dollar. Any other country can trigger the lock-up. Any other country can create the imbalance through derivative positions. With the number of dollars that they hold they can easily go short or long anywhere at anytime.One could bet that the trigger will be political, but that would lead to war and a clear escape route for TPTB. If there is a lock-up from the stand point of the dollar being to strong, function of the dollar is lost and the reason will apparent. War – the retaliation of the US political system against any other country in support of the dollar – may be avoided because no clear party will be singled out as the cause. By playing the Strong Dollar policy to the end, the US Dollar may be isolated and forced to relinquish the reserve privilege to gold.Stock up and rejoice. One day, we might all be able to grow palm trees and swim comfortably any day of the year and put our own gold reserve to work. mikal (9/28/06; 14:08:18MT - usagold.com msg#: 147894) "Regulating" unregulated derivatives? Regulators urge joint action on derivativesBy Gillian Tett in London and Anuj Gangahar in New York Published: September 27 2006 22:01 | Last updated: September 27 2006 22:01Three of the world's most powerful financial regulators have taken the unusual step of issuing a joint warning that individual nations cannot contain some of the risks posed by the explosive growth of derivatives and must collaborate across borders.The dramatic pace of integration and innovation in global markets makes it increasingly difficult to solve problems with "a local or national solution", top officials from the UK Financial Services Authority, the Federal Reserve Bank of New York and the US Securities and Exchange Commission write in the Financial Times.The rest of this article is for FT.com subscribers only." Gandalf the White (9/28/06; 12:45:43MT - usagold.com msg#: 147893) KING of THE HILL report for Thursday 9.28.06 From sources thought to be valid -- December '06 COMEX Settled at $610.90===and THEREFORE, the King of the Hill again today (by ITselfs)was:Sir Smeagol !*** FRN606.7 *** Smeagol (9/23/06; 01:57:50MT - usagold.com msg#: 147687)Hang in there Sir Smeagol, only a week to go !===<;-) Rimh (9/28/06; 09:47:59MT - usagold.com msg#: 147892) test test Ten Bears (9/28/06; 09:16:27MT - usagold.com msg#: 147891) The Myth of Free Markets: Hans Schicht http://www.gold-eagle.com/editorials_99/schicht061499.html Invisible Hand #:147883: Thanks for the reminder of Hans Schicht. another very good read from Hans:snips:Refinements in trading, short selling, futures and options were introduced over the years. The goal was not to improve the smooth functioning of the markets, but rather to produce benefit to the insidersI have considerable experience in just about all markets: metal, financial, precious stones, coffee, hides, textile, cotton, wholesale produce markets up to the local veggies market. Subsequently, I must confess I still have to find a market free of collusion, rigging, bias, preferences and favoritism. There is no level playing field where humans are involved - regardless of what the public is told about free and open markets.With time Western capitalism works in such a way that capital clusters and gravitates together into a few hands only. It has been that way since time immemorial. Look at all the super mergers and takeovers of late. Originally, the purpose of all markets was to facilitate trading and to match supply and demand. But today's markets have drifted far from their original goal. Markets have changed from goal to finance orientation. Consequently, markets have become a free-for-all playground for speculative excess capital. And we owe our "thanks" for the "benevolence" to the over-inflated Bubble beget and nurtured by corrupt governments and irresponsible monetary mis-managementAll markets are wide-open to corruption! Furthermore, the older tha market, the more it is likely to be corrupted. Laws covering markets are widely inadequate and much too lenient. Contrary to the Financial Times article, white-collar crime should in principle fall under criminal law. Perpetrators should not be able to escape justice through holes in civil law. One car stolen might mean a loss of $10.000 - whereas a fraudulent broker might cause the loss of all one's life savings and endless misery.The underlying reason of today's problems does not lie so much with the markets, finance, education, the media and society themselves, but with the permissiveness and the total collapse of standards and morality in the Western world where everything goes and all give a damn.Hans Schicht index: http://www.gold-eagle.com/research/schichtndx.html?page=2 Goldilox (9/28/06; 09:02:22MT - usagold.com msg#: 147890) Gold Foundation @ Rich,Nice 'crete work. Seems to be holding the Comix Avalanche back just fine! Thoreauly (9/28/06; 08:41:44MT - usagold.com msg#: 147889) "Modern-Day Secessionists Will Hold a Conference on Leaving the Union" http://www.nysun.com/article/40456?page_no=1&access=331144 There is comment on this on the Mises.org blog, including the fact that a full-blown secession movement would lead to the return of sound money.You go, Vermont!http://www.vtcommons.org Gandalf the White (9/28/06; 08:13:15MT - usagold.com msg#: 147888) TAA TAA TAAAAAAAAAAAAA, TAA TAA TAAAAAAAAAAAAAAAAAAAAA ! $$$$$$$$$$$$$$ THE "PRICE of GOLD" GUESSING CONTEST!! $$$$$$$$$$$$OFFICIAL CONTEST ENTRY LISTINGS ----$$$ $8,752.0 $$$ The Invisible Hand (9/23/06; 14:30:09MT - usagold.com msg#: 147701)$$$$ $650.0 $$$$ Sundeck (9/22/06; 22:41:10MT - usagold.com msg#: 147683)### $643.0 ### Topaz (9/23/06; 04:57:44MT - usagold.com msg#: 147694)$$$$ $635.0 $$$$ Demosthenes (9/27/06; 21:18:04MT - usagold.com msg#: 147871)**** $634.0 **** jenika (9/28/06; 00:42:53MT - usagold.com msg#: 147878)**** $626.2 **** Goldilox (9/23/06; 01:24:03MT - usagold.com msg#: 147686)$$$$ $620.0 $$$$ Clink! (9/22/06; 21:09:58MT - usagold.com msg#: 147681)*** FRN606.7 *** Smeagol (9/23/06; 01:57:50MT - usagold.com msg#: 147687)$$$$ $606.5 $$$$ balzac (9/27/06; 21:35:50MT - usagold.com msg#: 147873)$$$$ $605.0 $$$$ Titan (9/27/06; 12:30:56MT - usagold.com msg#: 147853)$$$$ $599.9 $$$$ DryWasher (9/24/06; 15:10:57MT - usagold.com msg#: 147742)$$$$ $595.5 $$$$ Federal_Reserves (9/25/06; 19:01:55MT - usagold.com msg#: 147777)**** $590.3 **** arbyh (9/26/06; 09:30:45MT - usagold.com msg#: 147809)$$$$ $577.7 $$$$ Peculium Aurum (9/27/06; 23:55:29MT - usagold.com msg#: 147876)$$$$ $545.0 $$$$ Thoreauly (9/24/06; 10:22:14MT - usagold.com msg#: 147738)===<;-) Gandalf the White (9/28/06; 08:11:11MT - usagold.com msg#: 147887) TAA TAA TAAAAAAAAAAAAA, TAA TAA TAAAAAAAAAAAAAAAAAAAAA ! $$$$$$$$$$$$$$ A "PRICE of GOLD" GUESSING CONTEST!! $$$$$$$$$$$$We shall have a price guessing contest on the closing (Settlement price) of gold for the December COMEX contract (GCZ6) on Thursday, October 5, 2006, ---BUT all entries must be posted to the TableRound before Midnight on Monday, October 2nd, AND ALL ENTRIES must answer THE QUESTION !!The POG Contest winner -- the closest price guess to the actual Settlement Price -- will receive a "Dutch Treat" -- No, No, No ! I mean one of these four different types of The Netherlands 10 Guilders gold coinage. IT (<== See that Sir Smeagol ?) could be a: "King Willem", (Minted 1875 - 1889, Fineness: 0.900 and Actual Gold Content: 0.1947 troy ounce; or a "Young Queen Wilhelmina" (Minted 1892 - 1897, Fineness: 0.900 and Actual Gold Content: 0.1947 troy ounce); or a "Queen Wilhemina", (Minted 1911 - 1917. Fineness: 0.900 and Actual Gold Content: 0.1947 troy ounce); or an "Elder Queen Wilhelmina", Minted 1925 - 1933, Fineness: 0.900 and Actual Gold Content: 0.1947 troy ounce) !!!! IT just depends which one SIR MK finds first when he goes down into the dungeon. <;-)Please go to the USAGOLD link at: http://www.usagold.com/gold-coins.html to view these coins.There will be also be two runners-up prizes for the next closest prognostications --- each winning an one ounce pure Silver Canadian Maple Leaf coin. ( <=== See that Sir Rich ?)The QUESTION -- (Put on your THINKING HATS !) -- is: "Who or what put gold to sleep, and who or what is going to wake it up?"Answers should be in 30 words or more.===THE RULES -- (We MUST have RULES !!) --- PLEASE READ !!1) The Winner is the poster with the Price Guess closest to the Settlement price of the COMEX (most active) December 2006 Gold Contract (GCZ6) on the date of Thursday, October 5th, 2006. 2) Price "Guesses" shall be stated in Dollars and tenths !(Such as $ 666.6) 3) "Guesses" shall be SHOWN in the SUBJECT BOX location AND enclosed in markers of "Dollar Signs" so as to be OFFICIAL !(Such as $$$$$ $ 666.6 $$$$$$$ )4) ONLY one "Guess" per Knight or Lady is allowed, and once that "Guess" has been "taken" -- no one can duplicate it !! FIRST COME has rights to that "Guess".5) HOWEVER, All "Guesses" MUST be posted before the clock in Denver strikes MIDNIGHT (24:00) on Monday, October 2nd, 2006.6) AND MOST IMPORTANTLY (as this part MUST accompany your Price prognostication)--- In order for your entry to be valid, YOU will need to answer "THE QUESTION", in 30 words or more.---LET the CONTEST continue !!<;-) Thoreauly (9/28/06; 08:04:47MT - usagold.com msg#: 147886) "What a US recession means for China" http://www.atimes.com/atimes/Global_Economy/HI27Dj01.html "A US economic downturn next year will undoubtedly have a strong negative impact on China's economy. However, this impact could be mitigated by the government's marshaling of China's considerable resources, including the country's nearly US$1 trillion of foreign exchange reserves."Since those reserves are parked primarily in the US bond market, their extraction would cause the bond market to collapse, which in turn would send interest rates soaring and the dollar into a tailspin.And gold into orbit. Goldilox (9/28/06; 06:52:31MT - usagold.com msg#: 147885) Comix morning http://www.netdania.com/ChartApplet.asp?symbol=XAUUSDOZ%7Ccomstock_lite So far, the obligatory morning smack-down is pretty weak. Goldilox (9/28/06; 06:50:17MT - usagold.com msg#: 147884) Euro @ TIH,"From 1994 tot 1999, the euro (lost 30% of its value vis-à-vis the dollar) and its gold ($253 All Times’ Law) were attacked."I thought the euro was introduced in 1999 - thus, it had no "value" to attack in 1994.I see attacks on PoG as separate, but perhaps similar to attacks on thie euro.The euro, though more gold-friendly than FRNs, is not the epitome of gold.One wonders if the euro would be any less gold friendly if the roles were reversed, but I doubt Asia will allow that to materialize, as the last thing they want is a repeat of western banking monopoly.Just MHO. The Invisible Hand (9/28/06; 06:35:28MT - usagold.com msg#: 147883) While the EU is concentrating on its internal development, the US of A works on delocalising globalisation..http://www.gold-eagle.com/editorials_99/schicht010399.htmlSNIPArmies have been replaced by money, and generals by money managers. When rivals get too powerful, "measures" are taken. When the Bank of America tried to establish its own financial empire on the West Coast, the carpet was pulled out from under it. And likewise it was done to the Japanese, the South Koreans and others. Now an attack on the euro must be in the cards. How and when this attack will begin is still a secret however.The latest weapons in New York's arsenal are the hedge funds. In the Asian camp stands Japan holding its trump card of its huge holdings of US government debt paper - which it might suddenly dump on the markets. Europe on the other side of the Atlantic is rallying to the euro, the youngest rival to financial power and the latest challenge to New York.New York, contrary to public opinion (promoted by its own media!) is far from hating gold. New York knows that the dollar will not be eternal, and that one day (set by them they think!) gold will make a great come-back. And when it does come roaring back, they want to have lots of it!December 1998Lake Chapala, MexicoHans Schichthttp://www.telegraph.co.uk/money/main.jhtml;jsessionid=SIZDZLC1HUTHPQFIQMGSFFWAVCBQWIV0?xml=/money/2006/09/18/ccview18.xmlMonday view: Why break-up of faltering euro could be the way aheadBy Ambrose Evans- Pritchard (Filed: 18/09/2006)SNIPSHandled well, it could be as liberating as Britain's exit from the ERM in 1992.+There is NO SIGN YET THAT HEDGE FUNDS ARE PREPARING FOR THE KILL.+At the end of the day, EMU is no more than a glorified system of fixed exchange rates. We know from past shocks – ERM 1992, Asia 1997 – that such constructs can collapse in days if for any reason the markets start to smell blood.==There is no sign yet that hedge funds are preparing for the kill.Just like Soros killed sterling in 1992In 1992, sterling was attacked.From 1994 tot 1999, the euro (lost 30% of its value vis-à-vis the dollar) and its gold ($253 All Times’ Law) were attacked. The 1999 Washington Agreement was therefore a compromise to keep the price of gold under control in exchange for the dollar-hedge funds not attacking the euro.It is possible that just before the moment that the sheeple will realise the existence of freely priced gold, the dollar-hedge funds will be ordered by the dollar-International Financial and Monetary System to attack the euro, like Soros attacked sterling, in such a way that the euro would be priced out of the market or that price-inflation starts in euroland.Whether they will succeed is another question. Sundeck (9/28/06; 04:52:33MT - usagold.com msg#: 147882) Gold prices up, investors make big profit http://english.vietnamnet.vn/biz/2006/09/616772/ Sip:"...VietNamNet Bridge – Speculators who bought gold several days ago are now making fat profit as gold prices are increasing...... Gold price increases are always triggered by oil price hikes. In fact, oil prices have increased again, reaching $63/barrel, higher than the previous level of $59/barrel. In theory, gold prices will increase accordingly. Analysts say that the demand for gold is increasing in the world's markets, especially in Russia, China and India. India is considering increasing gold imports by 10% to 720 tonnes this year to meet the country's increased demand....."Sundeck: A view from Vietnam...oil and gold joined at the hip? Can it be so simple?:-) Sundeck (9/28/06; 04:32:18MT - usagold.com msg#: 147881) Nobel Prize-winning economist offers fix to make globalization work http://www.centredaily.com/mld/centredaily/news/nation/15622659.htm Stiglitz favours a shift away from the US dollar as the world's reserve currency...among other things...:-) ge (9/28/06; 03:13:54MT - usagold.com msg#: 147880) Mining stocks held by Amaranth http://www.mineweb.net/mining_finance/210582.htm "Among the mining stocks held by Amaranth are Anglo American, AngloGold Ashanti, Arch Coal, Barrick Gold, CVRD, Freeport-McMoRan, Glamis, Gold Fields, Goldcorp, Harmony, Inco, International Coal, Kinross, Massey Energy, Newmont, Pan American Silver, Peabody Energy, Phelps Dodge, Randgold Resources, Royal Gold, Silver Wheaton, Southern Copper, and Yamana Gold." USAGOLD / Centennial Precious Metals, Inc. (9/28/06; 02:34:05MT - usagold.com msg#: 147879) Missed the e-mail? Click to read Top Story: China officials in FT... "Gold purchases under consideration" http://www.usagold.com/amk/news-group.html BR> jenika (9/28/06; 00:42:53MT - usagold.com msg#: 147878) ************* $634.00 ********************* "Who put gold to sleep" I have no clue who did. However, we can recognise the benefits - cheaper oil and also cheaper gold - so to those responsible for playing with the gold price - thank you very much! Now, we can have some excitement as we watch the gold price recover. contrarian (9/28/06; 00:05:53MT - usagold.com msg#: 147877) A Brilliant Sumup of the Present Situation--The Master Plan for the World http://www.safehaven.com/article-5986.htm ...The outcome of such an attack may not be a foregone conclusion. Hitler thought he knew all the answers and look what happened to him. With what is going down in Iraq these days, Axis forces may find themselves spread a bit thin - and they certainly will if they ever go in on the ground. One thing is for sure though, if Iran is attacked all hell will break loose, and we can expect massive convulsions in financial markets. Precious Metals and Oil and their related stocks can be expected to spike dramatically. The Axis powers have got Iran in their sights, and one way or another they are going to go after it. The world at large can only hope that the more hawkish Axis elements are reigned in and they go for the less risky strategy of trying to lay siege to Iran, by isolating it, imposing sanctions, and economically starving it into submission over a long period of time. However, as the Commander-in-Chief of the United States is known to be mentally challenged and unstable and to have severe personality problems, anything could happen.... ViewYesterday's Discussion.
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