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ARCHIVED DISCUSSION FROM 3/29/2002
All times are U.S. Mountain Time

(Yesterday's Discussion.)

Gandalf the White (03/29/02; 20:45:20MT - usagold.com msg#: 72395)
WOWSERS !!
Just saw "Wall Street Week" on TV (West Coast)and heard "GUEST" Mr. Grant say that he "was a GOLDBUG" and one of the two recommended "things to BUY was GOLD" ! THAT statement has not been heard on WSK for many YEARS.
<;-)


mikal (03/29/02; 20:36:46MT - usagold.com msg#: 72394)
From Middle East Times and USAGOLD Live News
   Whether this is dollar bearish is a moot point at this stage.   
    
 Forex agencies ask Mubarak to help
CAIRO
Foreign exchange companies in Egypt have joined forces to send an urgent memorandum to President Hosni Mubarak regarding the closure of 65 of 120 such agencies, which were shut down on the grounds that they were engaged in currency speculation.
With the abolition of the Ministry of the Economy in a recent government reshuffle, the agencies argue that they have lost a contact point in the government.
They maintain that the agencies are an important instrument in the forex market, not an "axis of evil" as some would argue.
Subsequently, 30 more agencies have closed down voluntarily because of fear of criminal prosecution and for the absence of business transactions.
The agencies are required to trade in foreign currencies, primarily the dollar, in accordance with the exchange rates established by the Central Bank of Egypt, which are below the going rates in the black market.
In the absence of currency sellers at the official rate, and with the drying up of new supplies of hard currency by the CBE, the forex agencies have been squeezed out of business.


mikal (03/29/02; 19:56:40MT - usagold.com msg#: 72393)
Droke on the Blanchard gold bear
http://www.gold-eagle.com/gold-digest_02/droke040102.html
  
A response to Blanchard's gold bullion report
We have been asked by some of our subscribers to give an opinion of the recently released report on gold bullion by the Blanchard Economic Research Unit of the precious metals sales firm Blanchard (New Orleans, LA). This report was published, among other venues, on Gold-Eagle. Ordinarily, we do not read economic-related reports since the focus of our work is technical and not fundamental, but we were given a tip by respected sources that this controversial report is must-reading for the gold investor........
.......................... The report quotes a number of respected sources and makes a powerful argument that Fed Funds interest rates will indeed see a rise beginning sometime this year................................ Blanchard went bearish on gold in wave 2 of gold's emerging bull market. There are typically five waves in any rising Elliott Wave price progression, and according to Elliot Wave expert Robert Prechter in his seminal work "The Elliott Wave Principle," the second wave of a 5-wave bull market is typically when bearish sentiment is at its highest even though the trend has turned up. In true Elliott Wave fashion, Blanchard has conformed to this scenario).....................................
To buy into Blanchard's line of thinking, we would have to throw out the better part of 150 years of economic history in this country and focus exclusively on the past 17 years (which is apparently what Blanchard would have us do since they refer only to the period 1985-2002). This is nothing less than economic tunnel vision.................... What about the late 1970s, when interest rates and the price of gold rose in tandem?.........................Blanchard's job is to sell the customer what he or she wants (presumably gold coins, whether bullion or numismatic), not give them timing and investment advice that may or may not be in their best interest as investors. In our opinion, this sales strategy can only backfire on Blanchard when their forecast for a gold "bear trap" fails to materialize................
Clif Droke
April 1, 2002


R Powell (03/29/02; 18:18:33MT - usagold.com msg#: 72392)
Positive open interest numbers
Open interest and change as reported by the IBD, contracts of silver on Comex

For Tuesday 3/26/02
74,055 +1,099
For Wed 3/27/02
74,477 +422
For Thurs. 3/28/02
76,135 +1,658

Open interest was around 66,000 contracts just three or four weeks ago (if memory serves me right). The last higher low that POS made was just under $4.30. We're now in the mid $4.60s. Open interest has increased during this uptrend by approximately 10,000 contracts. My numbers and time frames are very rough but the main point- that open interest has been increasing with the price- is correct.
The theory is that any price rise with declining open interest indicates that the price advance may be short covering and the rally may lack long term strength. A price rise with increasing open interest, while still partly fueled by short covering, must involve more long contracts- hence more open contracts. While the number of longs and shorts (contracts) is always equal, the POS necessary to keep equilibrium is rising and the overall size of (enthusiasm for) the silver market is increasing. The same is true for the POG. Is the increasing exposure in the mainstream press being reflected in the size of our markets? Most importantly, the new interest is predominately long necessitating a higher price to keep everyone happy. Hopefully, this trend will continue for a decade or so.
Happy weekend to all!
Rich

Lamprey (03/29/02; 17:45:55MT - usagold.com msg#: 72391)
nickel62
Now, that's what I call "deep storage gold"! ;-)

slingshot (03/29/02; 16:20:06MT - usagold.com msg#: 72390)
Had to Roll the Dice.
GATA
We did not lose anything. It is documented and brought to light. They can not deny they knew nothing. I told you so, awaits the skeptics.


"We were stoking the fires,and oiling up the machinery"
"Until the Gods found out we had ideas of our own".


Well Done GATA.

Slingshot--------------------<>

goldquest (03/29/02; 16:16:54MT - usagold.com msg#: 72389)
nickel62 Ref: Rukeyser
http://www.usatoday.com/money/media/2002-03-21-rukeyser.htm
I watched his sniveling commentary! Almost begging! I doubt that they will release copies of the program. The link does provide highlights.

Cavan Man (03/29/02; 15:35:01MT - usagold.com msg#: 72388)
Whither understanding?
Kyrie Eleison
"I am going to fight instead of the sleeping Arab armies who are watching Palestinian girls fighting alone, it is an intefadeh until victory," (comments of an 18 year old girl who blew herself up in a Jerusalem supermarket)

The "embrace" in Beirut is a sign of solidarity concerning the Palestinians and POO. Believe it!

Canuck (03/29/02; 15:31:44MT - usagold.com msg#: 72387)
Arafat's compound surrounded by Israeli tanks
All over CNN, Arafat apparently inside armed with a rifle.

Looks like Arafat is toast.

nickel62 (03/29/02; 15:19:41MT - usagold.com msg#: 72386)
Correction of a detail from the last post...
I picked this up from GATA 's web site and forgot to fully edit the letter...While I have been in the gold investing business for tweny years I am not a mine operator and I do not have any operational interests in any mine....the individual who sent this letter to Bill Murphey and I copied is and does...
Correction above, My apolegies to the writer...

nickel62 (03/29/02; 15:16:57MT - usagold.com msg#: 72385)
Bombshell from Nevada...The Betsy Post open pit mine has been the wellspring of ABX's success It fully depleted boys and takes out the very high grade deposit underneath it!!!!!!!!!!
Do you find it interesting that recently Barricks Betze Open Pit in Nevada failed a little earlier than expected bringing down 70 Million tons of rock. Guess where it landed ? On top of the Deep Post underground mine, burying 180,000 ozs of gold forever. And my my not a word in the press. Why ? Because the failure was expected ? Maybe, but not the loss of the ounces in the Deep Post !!!!!!!!!!! Ounces that may be important to delivery into thier hedge ? This information came to me at an annual mine safety refresher class given by the State of Nevada so I am confident of the accuracy and I hold no shares in Barrick. I've been in the gold industry for 20 years and manage a small company that is waiting for $ 350 to start production.


Black Blade (03/29/02; 15:00:54MT - usagold.com msg#: 72384)
Soaring Energy Prices Could Derail Economy, Force Early Fed Move
http://www.investors.com/editorial/feature.asp?v=3/29

Snippit:

Oil prices have some economists worried about this recovery. They've risen fast. West Texas crude has surged more than 40% since mid-January. It pushed above $26 a barrel on Thursday.

And it's more than just the knee-jerk reaction to demand or forecasts of more demand. Three or four dollars is a war premium, experts say, reflecting fear a U.S. invasion of Iraq will disrupt supply. "We know that oil price gains act like a tax," said Anirvan Banerji, director of research at the Economic Cycle Research Institute in New York. "It has the potential to hurt consumer spending." It could also hasten what many see as an inevitable Federal Reserve tightening later this year.

Economist Verleger is most worried about oil. A conflict would quickly lift prices by $10 a barrel, he says. Consumers would spend billions more on energy - and billions less on everything else. "That would hurt," he said.

He adds that higher oil prices must lead to inflation - and force the Fed to raise rates. "In the 1970s, central banks accommodated rising raw materials prices" by boosting money-supply, he said. The result: double-digit inflation - and painful recessions to get inflation under control.

Black Blade: Oil or "Cheap Energy" is the life blood that keeps the patient (the economy) alive. Without it, the patient dies. Right now the patient is on life support and has a temporary reprieve. Yet the lack of energy independence and the lack of desire to plan ahead for the inevitable rising energy costs has put the economy at serious risk. These days the situation looks more tenuous than ever with war in Palestine and oil-producing Arab nations looking for some way to react. The threat of nuclear power plant shutdowns, drought restricting hydropower, the US energy policy in doubt, and no meaningful drilling for domestic oil and natural gas leads one to the conclusion that the US economy is far from an economic recovery. If anything, it appears that te US economy is poised for a serious crash.

A very good article


ski (03/29/02; 14:44:32MT - usagold.com msg#: 72383)
R Powell ... #72334

Certainly ...... spread the word!

......................................

#46 Even the GOLD FUNDS (who can own silver shares and physical), ARE UNDERWEIGHTED when compared to their gold holdings.

nickel62 (03/29/02; 14:22:03MT - usagold.com msg#: 72382)
Here is a sign that the manipulation is finally being recognized for what it is...Goldman did manage to get it released on Good Friday when the markets are closed...maybe we can help them get it publicized a little more broadly...too bad CNBC hasn't had a chance to mention this yet! Must be too busy touting GE 30 year bonds...
Goldman May Be Charged Over Bond Trading, People Say (Update1)
By Vicky Stamas


Washington, March 29 (Bloomberg) -- Goldman Sachs Group Inc. has been notified that the Securities and Exchange Commission enforcement staff plans to pursue a case against the third-biggest securities firm for trading Treasury bonds based on inside information, a person familiar with the case said.

The agency began investigating Goldman after a consultant the firm had hired gave traders advance warning Oct. 31 that the U.S. Treasury Department would stop selling 30-year bonds. The $3 trillion Treasury market rallied, with the 30-year bond having its biggest one-day gain in 14 years.

The SEC notification, called a ``Wells notice,'' is one of the last steps before the agency's staff asks the commission to discipline a securities firm by filing a civil lawsuit or administrative proceeding.

``It means the staff has reached a conclusion, subject to your persuading them otherwise, that your client ought to be charged with some violation of the federal securities laws,'' said John Olson, senior partner at Gibson Dunn & Crutcher in Washington.

A case against Goldman would be the first insider-trading bond case in memory, some lawyers said. ``I'm not certain I can recall a single case involving bonds, but there's absolutely no reason that a case could not involve bonds,'' said Joel Seligman, dean of the Washington University School of Law. ``It can involve any security.''

Lucas Van Praag, a Goldman spokesman in New York, declined to comment, as did SEC enforcement chief Stephen M. Cutler and Treasury spokeswoman Betsy Holahan. The consultant hired by Goldman, Peter Davis, president of Davis Capital Investment Ideas, had no comment.

Davis also received a Wells notice, according to the person familiar with the case.

Explaining a Surge

Goldman spokesman Peter Dietlmaier said Nov. 12 that the firm was among the companies told of the Treasury's decision before the government announcement. The firm didn't engage in wrongful behavior and will assist authorities with an investigation, he said at the time.

The firm, the third largest by capital, wouldn't comment then on whether its traders tried to benefit from the information by buying bonds before the government's announcement. Securities laws prohibit trading on non-public information.

Davis said he told clients of the Treasury's decision to stop selling bonds, based on a press briefing he attended at 9 a.m. on Oct. 31, before the department made the announcement at 10 a.m. Government officials held the briefing, intended for reporters, on condition that the media not release the information until 10 a.m.

The Treasury itself posted the news on its Web site at 9:43 a.m., 17 minutes before the embargo ended.

The Davis leak helped explain a rise in prices that at the time dumbfounded traders and investors in the bond market, where $300 billion of securities trade daily.

The benchmark Treasury bond price jumped from 102 1/2 at 9:30 a.m. New York time, when the meeting with the press ended, to 104 at 10 a.m. By contrast, between 9 a.m. and 9:30 a.m., the bond traded within a range of 1/8 point.

Treasuries had fallen on an 8:30 a.m. report that showed U.S. growth in the third quarter exceeded expectations. Traders scaled back bets that the Federal Reserve would lower its target interest rate by half a percentage point.

Buying soon overwhelmed those who were selling on the economic report. The rising bond price sent its yield down 9 basis points in the 12 minutes before 10 a.m.

Falling Yields

The price surge wreaked havoc among bond traders, many of whom were locked into bets that yields on 30-year bonds would rise relative to short-term debt, such as two-year notes, traders said.

Instead, the bond buying shrank the two- to 30-year yield gap by 30 basis points in a few hours, marking the reversal of the strategy that had proven profitable for almost a year.

By day's end, the Treasury's announcement had sparked the biggest one-day gain in 14 years, and pushed the yields to levels not seen since Russia's debt default and the collapse of hedge fund Long Term Capital Management in 1998.

U.S. Treasury General Counsel David Aufhauser said in November that his agency would ask the SEC to investigate the matter.

Davis said he also disclosed the Treasury's decision to Stone & McCarthy Research Associates and Capra Asset Management. Ray Stone, a managing partner of Stone & McCarthy, declined to comment.

James Capra, president of Capra, didn't return a call. He chairs the Treasury Advisory Borrowing Committee, a group that advises the government on the mix of debt securities it sells. The group had recommended the elimination of the 30-year bond in January 2000, when surpluses were projected to continue growing. Traders hadn't expected the bond to be eliminated because a return to budget deficits meant an increased borrowing need.

The SEC has authority to determine whether insider-trading laws have been violated. It can subpoena trading records to see if Wall Street firms were given advance notice of the Treasury's decision.




Black Blade (03/29/02; 13:24:34MT - usagold.com msg#: 72381)
Japan banks hope for less stock risk in FY02/03
http://biz.yahoo.com/rf/020329/financial_japan_banks_1.html

Snippit:

TOKYO, March 29 (Reuters) - The Tokyo stock market ended the fiscal year on Friday down 15.2 percent from a year ago, meaning big losses for banks on their shareholdings, but the damage was not as bad as feared and next year will be better, analysts say.

Worries over the economy and rising fears of a financial crisis pushed the Nikkei average down as much as 30 percent at one point during 2001/02, increasing latent losses on companies' stockholdings and threatening their earnings. The pain was particularly strong at the top banks, which together held over 25 trillion yen ($188.3 billion) in stocks.

Japanese banks must for the first time report their full-year earnings under mark-to-market accounting rules in the year about to end on Sunday, March 31. They have to post appraisal losses if a portfolio loses more than 50 percent of its value and deduct 60 percent of the appraisal loss from their capital. That, together with rising loan-loss charges against shaky borrowers, has led most of the top banks to forecast full-year losses for 2001/02.


Black Blade: This is not good for Japanese banks. The coming year should be no better. Insolvent Japanese banks are teetering on the edge and we could see several of the major players go tits up. Now without government guarantees on deposits over Y10,000, see could see what would amount to a run on the banks as investors lose confidence. Japanese Gold buying should continue strongly over the next several months.



nickel62 (03/29/02; 12:52:39MT - usagold.com msg#: 72380)
Uncle Rockeysier gettting the boot....
Did anyone see a transcript of what Ruekeiser said that got him fired. Never liked the guy and would enjoy seeing the transcript.THanks.

Humble Pie (03/29/02; 12:38:32MT - usagold.com msg#: 72379)
Message to FOA/ANOTHER
Thanks for all the wisdom that has been planted here at USA Gold .May you enjoy the Peace and Solitude of this Easter season. I hope and pray that you shall visit us once again .

USAGOLD (03/29/02; 12:16:10MT - usagold.com msg#: 72378)
Mr. G. . .
That will happen again. Gold's getting so much publicity in the mainstreams these days that I'm beginning to worry. Along those lines, don't know if you saw it, but James Grant will appear on Wall Street Week tonight just one week after Uncle Ruykie got boot. Which proves that all things cycle. Wasn't it Grant that was permanently disinvited after mentioning our favorite four letter word way back when?? Should be fun to see what Grant might have to say As the Cycle Turns. . . . . .

Mr Gresham (03/29/02; 11:57:03MT - usagold.com msg#: 72377)
Holiday?
Noon shutdown in NY? Can't get a plumber on a Friday? Awwww, fuggeddaboudit! (You know what I say: A watched POG...) But, thanks, Mike, my goal in life ;-) is to get so freakin' busy at other worthwhile things that I end up hearing it on NPR when I'm listening for the traffic report...

USAGOLD (03/29/02; 11:18:08MT - usagold.com msg#: 72376)
Mr. Gresham. . .
We've got gold around $303.00

Don't know what the problem is at INO, but I was going to post something on this anyway. Your query provided the opportunity.

Best wishes to all for a pleasant spring (Easter) weekend. . . .MK

Mr Gresham (03/29/02; 11:10:26MT - usagold.com msg#: 72375)
Charts?
Now Kitco chart is flatlining? INO out? Is this their last trick in the bag -- shut down all the charts? (Mostly just kidding here, I've got other links I haven't checked in ages, ah, somewhere right around here -- old cluttered "Favs" folder)

Mr Gresham (03/29/02; 11:05:27MT - usagold.com msg#: 72374)
Randy: Suicide bombers
http://www.amazon.com/exec/obidos/tg/stores/detail/-/dvd/6305308772/quotes-trivia/ref%3Dpm%5Fdp%5Fln%5Fd%5F4/103-3379339-2918218
You're getting me into an "Eastwood moment".

"Dying isn't hard for men like us, when every everything around you has been butchered or slaughtered….living is what's hard."---Clint Eastwood to Chief Ten Bears in "The Outlaw Josey Wales"


Ten Bears: These things you say we will have, we already have.

Josey Wales: That's true. I ain't promising you nothing extra. I'm just giving you life and you're giving me life. And I'm saying that men can live together without butchering one another.

Ten Bears: It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see, and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. The words of Ten Bears carries the same iron of life and death. It is good that warriors such as we meet in the struggle of life... and death. It shall be life.

G: Are there any REAL warriors out there? Ones who stand at the front line and try to save the lives of their men by avoiding the conflict that is unnecessary? An age of Button-toting Bureaucrats, and COWARDS.



Novice Bear (03/29/02; 10:24:38MT - usagold.com msg#: 72373)
Water - Gravity Fed Ceramic Water Filters
There's been alot of mention on the forum lately regarding water storage. It's also important to consider having a means of purifying water. About a year ago our family purchased a British Berkefeld Emergency Water Filter
system.

It is designed for use in situations where a reliable supply of treated drinking water is unavailable.

We use it on a daily basis to filter the city water coming
from our taps . It sits on our kitchen counter and looks like a big stainless steel coffee pot.

The upper chamber is filled with water which gravity feeds through the filters into the lower chamber.

One set of ceramic filters will purifying several thousands of gallons of water, depending on the quality of water.

I know the web address of the company where I purchased mine (very nice people to deal with) but don't know if it
would be against forum guidelines to provide this.

The company also sells non-hybrid seeds. They are located
in Oxford, OHIO.

-- Novice Bear


Chris Powell (03/29/02; 10:10:56MT - usagold.com msg#: 72372)
GATA evidence
Reply to Cousin Rich....

Thanks for your encouragement. I'm not aware of any explosive evidence GATA has been holding back in deference to Reg Howe's case. I'm sure Reg knows stuff that was not included in the lawsuit, but I couldn't say how explosive it is.

sector (03/29/02; 09:51:33MT - usagold.com msg#: 72371)
Dubai [UAE] Gold Imports...Way Up
Australian gold exports to UAE spurts
Posted: Tuesday, March 26, 2002

DUBAI:

Gold is fast replacing milk and lamb as prime export products from Australia, a report said.

Australia has managed to boost its gold exports to the UAE by 421 per cent between 1999 and 2001. Diversifying its commercial activities in the UAE, Australian gold exports rose dramatically from Dh79.19 million ($21.56 million) in 1999, to Dh413.33 million in 2001, said a report in Gulf News, quoting figures from the Australian embassy in Abu Dhabi.

"Australia has shifted its traditional gold exports from Hong Kong, China and Singapore to the UAE and Dubai," said Moaz Barakat, Dubai-based regional director of the World Gold Council (WGC).

"Secondly, Australia also started manufacturing the ten tola bar (TTB), which has a very high demand in Dubai, specially among the people from India, Sri Lanka, Bangladesh and Pakistan."

Australia is considered to be the third largest producer of gold worldwide, and regards gold as the second largest source of its national income, Barakat said.

A third reason is that the gold has an affordable pricing in Australian dollar terms, the report said.
++++++++++++++++++

Let's see...Japan gold imports way up...Dubai pog at $310-$317 for a week...lots of volume there [Up 500% lately according to sources].

More heat for gold shorters. The last bar to sell is in sight.


R Powell (03/29/02; 09:49:58MT - usagold.com msg#: 72370)
Paging Chris Powell
Hello cousin. I have a request of you if I may but I feel loathe to make it without some words concerning Judge Lindsey's recent decision. In this regard please refer to 3/28/02 post number 72329. Thanks.
My request is for that information hinted at but never fully disclosed pending the court's decision on Mr. Howe's lawsuit. Bill Murphy has alluded to material that he claimed would blow the socks off the market but which could only be released in court or after such time that it's disclosure would not interfere with the case. Can any of this now be told? We're all ears!
Thanks again for all your efforts. I do hope you have been using your professional training and notes toward publishing the official historical account of "The GATA Crusade". A publication release date during the coming gold and silver buying frenzy might boost sales for you. We may not have too much time left!
Happy weekend to all!!
Rich

TownCrier (03/29/02; 09:28:51MT - usagold.com msg#: 72369)
How To: growing a new crop of desperate suicide bombers
http://www.usagold.com/gildedopinion/Jensen/20020218i.html
A picture tells a story. (click link above)

Is it any wonder at all that a desperate person might act independently and rashly when he or she feels that they have nothing left to lose while their own government is either unresponsive or unable to act on their behalf in matters such as this? Such seems to be the plight of many Palestinians.

A bee hive, not unlike the Palestinian people and lands, is (or should be) a very pleasant thing. That is, until you start poking it with a stick or otherwise trying to "occupy" a portion of it with your hand as a means of keeping the "potential danger" at arm's length. It doesn't take a PhD in biology or social science to recognize that this particular security policy approach adopted by the Israeli government is next to madness at this point in time.

These things can easily go from bad to worse as human nature would have the stung person grow bent upon destruction of the hive rather than electing to withdraw from that space.

If you pack enough people into a small space, then disharmony ensues unless fundamental tenets of civilization intervene. Given that we're all human with similiar needs to prosper in life, is it possible that there can be no "common law" (by this I mean common courtesy) for interactions between any two people selected at random from the face of the earth? How can it be possible that none could exist between close geographical neighbors? My simple take on it is that the governments involved are more than failing the people they purport to represent.

Tying this in to the forum, there is a not-to-distant parallel in the economic aspects of life. Where geographic, political and social distinctions and disharmonies inevitably exist among groups of people, physical gold is what can serve near perfectly as the common ground for mutual understanding and courtesy in all cross-cultural economic interactions.

R.

Boilermaker (03/29/02; 09:20:50MT - usagold.com msg#: 72368)
Water
http://www.glerl.noaa.gov/data/now/wlevels/
Thanks Black Blade for the water info particularly the drought map. Drought's not evident here in the Eastern Great Lakes area and lake levels are near normal. In fact I was wallowing in 6" mud this AM fixing paddock fence boards and the ground has been totally saturated after the thaw.

There will no doubt be a strong appeal to use the Great Lakes for watering other regions and in fact several years ago a Canadian company wanted to load Lake Superior water for export. Check these articles http://www.freep.com/voices/columnists/eeder28_19991128.htm
http://www.freep.com/voices/columnists/qerdz13.htm

The Great Lakes States and Provinces have a pact that strictly limits water exports outside the Great Lakes Watershed. Pressure will be brought to bear on this pact in the name of free trade or just plain $$$ when the stuff gets real valuable.
http://www.cglg.org/projects/water/

Some day we're going to have to trade water for oil unless we make our own oil.


Pizz (03/29/02; 08:07:41MT - usagold.com msg#: 72367)
Sierra Madre - On terrorisms and justifications for war
No offense taken. Same thoughts have crossed my mind more than once.

Another aspect of our current position, irrespective of how we got here, is that our leaders are just meer mortals like ourselves. We would like to think they are under complete control, with answers and solutions to the problems of the world, but no.

I try to anticipate events by turning situations around and asking "What would I do under these circumstances" with the knowledge I have on hand at the time.

A couple of things have bothered me for the last few months, and one is that we have had NO attacks within the US since 911, and if we're the enemy, this just does not make sense.

The other is why Israel is getting all the activity. We will not ever know for sure in our lifetime. Do I think we would "terrorize ourselves" if the situation were grave enough. I do not think I would, but I know many who would not think twice.

Have we made a deal trading Israel for Iraqi oil? Only time will tell, but if I were leading the terrorist attack against the US and taking down the US was my primary goal, I would have done it already. Taking us down financially, which is the only way to beat us, was, is, and will be for a long time to come just way too easy.

Makes me realize that it's more than likely a sovergn state or two controlling the terrorists, and a complete collapse of the US will be too devastating to all financially for that to be the primary goal.

We may never know, but I do sleep somewhat better with my golden disaster insurance in hand. But meantime, we've sure got ourselves and the rest of the world in one heck of a mess.

May cooler heads prevail in the ME, but I think the odds are against it.

Off to my own little financial wars.

Pizz



Black Blade (3/29/02; 05:31:49MT - usagold.com msg#: 72366)
Limit on Bank Guarantees make Japanese Anxious
http://www.washingtonpost.com/wp-dyn/articles/A33399-2002Mar28.html

Snippit:

In the last quarter of 2001, deposits held by Japan's seven largest banks, perceived by the public as the most secure, rose 2.9 percent, at the expense of deposits at regional banks and credit cooperatives, where deposits grew much less rapidly.

Worried Japanese are snapping up books and magazines purporting to help them distinguish between "safe" and "risky" banks, and flocking to seminars peddling advice on how to protect their savings. Meanwhile, sales of gold have jumped fourfold in the past quarter.

"Of course I'm worried about the banks," declared a construction company owner who recently purchased a box of gold coins for $34,850 as a hedge against the government's new deposit insurance policy. "With so many bad loans, you can't tell when they might go bankrupt."


Black Blade: Japanese are about to "live in interesting times". Gold sales should continue strongly over the next several months as restrictions on deposit guarantees tighten further by this time next year.


Black Blade (3/29/02; 05:22:11MT - usagold.com msg#: 72365)
Another ME Suicide Bomber

The situation is getting out of hand as another suicide bomber detonates inside an Israeli supermarket. Reports say many casualties. This time it is a female suicide bomber. It appears that the attacks are not only intensifying but also are becoming more frequent and Israel is powerless to stop it. Could erupt into all out warfare at anytime.

- Black Blade

LeSin (3/29/02; 05:08:17MT - usagold.com msg#: 72364)
In Middle-Eastern & Muslim Eyes - Arafat Will Be Like Unto The Sacrifical Lamb
http://www.reuters.com/news_article.jhtml?type=worldnews&StoryID=756045

Arafat said he had discussed the situation with unspecified American envoys and demanded action. "Where are you? Don't you know that this will shake the Middle East?" he said.
____________________________________________________________

Arafat Vows No Surrender After Israeli Raid

March 29, 2002 02:25 AM ET

RAMALLAH, West Bank (Reuters) - Yasser Arafat responded defiantly to an Israeli army raid on his presidential compound in the West Bank on Friday, saying the Palestinians would never give up their fight for an independent state.

The Palestinian leader, speaking from his headquarters in the city of Ramallah, said in a telephone interview with Qatar-based al-Jazeera satellite television he had contacted U.S. officials to demand action to prevent an eruption of violence across the Middle East.

"This is the Israeli response to every attempt to make peace because they do not want peace, they do not want peace. We should remember that," Arafat said after armored bulldozers punched a hole in the outer wall of his presidential compound.

"No Palestinian and no one in the Arab nation will surrender or kneel," he said, adding that he regarded the military offensive as Israel's response to a Middle East peace plan adopted by Arab leaders at a summit in Beirut on Thursday.

Arafat said he had discussed the situation with unspecified American envoys and demanded action. "Where are you? Don't you know that this will shake the Middle East?" he said.

____________________________________________________________
Snip:

This situation provides a perfect 'reason' for the USA to mobilise a greater war machine and supreme presense in the ME. Condolence & sympathy to all innocent Peoples of Pallestine & Israel. May the murderous war mongers and promoters of war and hate on 'any-side' burn in hell.

I beleive that the Son of God would once again weep at this tragic site in Jerusalem. Maybe even ask, Father why have we created them?

Peace and Goodwill to All Peace-Loving Ladies & Gentlemen here at this table. God Bless us one and all during this truly trouble Holy Passover Week.

"S"

barnacle bill (3/29/02; 04:11:34MT - usagold.com msg#: 72363)
I Rode a Tank
Right On!

Waverider (03/29/02; 02:51:56MT - usagold.com msg#: 72362)
Was Nikkei surge a fool's rally?
http://business-times.asia1.com.sg/companies/story/0,2276,40230,00.html?
Snippit:
"NEXT Monday is April Fool's Day, and it also happens to be the time when it should begin to become apparent whether the more than 20 per cent jump in Tokyo stock prices over the past month or so has been a real recovery or simply a 'fool's rally'.

The unexpected bull market in Japanese stocks was triggered on Feb 27 when the government announced what had been billed as an emergency package of financial system supports but which turned out to be an official exercise in supporting stock prices. The objective was to boost equities through to the start of the new financial year - on April 1 - so that banks could close their books on March 31 without having to reveal major losses.

Tactical victory: This tactic worked remarkably well, although partly because Federal Reserve chairman Alan Greenspan happened to choose the same time to declare US recession at an end. Japanese authorities also promised to pump semi-official funds into the stock market, and in addition launched a crackdown on short-selling of Tokyo stocks.

With the old financial year virtually at an end, the danger of a 'March crisis' among Japanese banks - which are staggering beneath an intolerable burden of bad debt - has passed. They will be able to meet new accounting rules and 'mark to market' their substantial volumes of equity holdings on March 31 without showing the kind of valuation losses which might have eroded their capital savagely had the stock market not been propped up.

But while the stock market rally was welcome to banks, many analysts feared that it had diverted attention from the underlying problem of deflation which is eating away at Japan's economy. Investors appear already to be having second thoughts about the Tokyo market recovery. The rally which took the benchmark Nikkei 225 stock average up from well below the 10,000 mark to nearer 12,000 within a matter of weeks has begun to run out of steam and the Nikkei is trading nearer to 11,300 [actually 11,024]at the present.

The fortunes of the Tokyo stock market are closely bound up with those of the banking and technology sectors, and the prospects are not exactly glowing for either of these as things stand. The first test for the banking sector will come around mid-April when the Financial Services Agency is due to publish at least some of the findings of a special inspection it has made of lending by banks to a group of major Japanese companies.

Paradoxically, bad news would be good news in relation to these findings. If it is acknowledged that significantly more banking debt has gone bad, or is going bad, than previously admitted - and that this requires new public capital to be injected into leading banks - the market will take heart. But if the 'good news' is no news, and the FSA simply declares banks able to cope on their own, the market will lose faith.

Investors will also lose faith in the idea of an export-led recovery in the economy - which government ministers have been promoting - unless firm evidence appears soon. But the recovery is predicated upon an upturn in the US information technology sector, coupled with the competitive advantage Japan gains from a weak yen. But the US numbers for computers and electronics did not look too good in February. Without external stimulus, Japan's economy seems doomed to deep and protracted recession.

Price-keeping operations: All of this of course raises the question of why the market has appeared to ignore such issues in its recent rally. The answer appears to lie in official 'price-keeping' operations. The Bank's Shareholdings Purchase Corporation launched by the government at the start of this year has pumped possibly up to two trillion yen (S$27.7 billion) into the market and the Government Pension Investment Fund has let it be known that it has another two trillion yen or so waiting to go into the market. But these buyers could be left holding the proverbial baby after April Fool's Day."

Just waking up (03/29/02; 02:30:01MT - usagold.com msg#: 72361)
Excuse me...
Should say, "on the GROUND"

Just waking up (03/29/02; 02:27:31MT - usagold.com msg#: 72360)
@ Hipplebeck, your "reality on the ground"
The Palestinians are on the fround with my boot on their neck and my gun pointed at their head, huh? Well, they weren't that way before they killed my children.

Why is the EU giving the Palestinian Authority six BILLION Euros?

Golden Bear (03/29/02; 02:03:19MT - usagold.com msg#: 72359)
Sierra Madre (03/28/02; 23:51:33MT - usagold.com msg#: 72354)
http://www.copvcia.com
Greetings Sierra Madre,

Yes, the truth can be bitter for some to hear, but never apologise for speaking it...and the evidence exists, if one wishes to open their eyes and ears to receive it.

Best of all, you plant the seeds, which may take time to sprout, but eventually they blossom into greater depth of understanding.

Cheers.

Belgian (03/29/02; 01:43:56MT - usagold.com msg#: 72358)
The New Feudalism
http://www.mega.nu:8080/ampp/
*** The Architecture of Modern Political Power ***

Daniel Pouzzner

An abondance of information is here to be found. More than enough facts compiled, to form your own, individual and personal, opinion on *WHAT* is going on and *WHY* .
Leave, respectfully, the author's opinions for what they are and build your own BIG PICTURE with the Golden frame.

The recent (WAT) alert by the US on the Italian territory, can be placed/framed, with much more accuracy on its profound significance. The New Feudalism !? Export of Fear !

One World, One Government...will never, ever happen as long as the last Reg Howes aren't extinct !

Happy reading to all.



Mr Gresham (3/29/02; 01:08:48MT - usagold.com msg#: 72357)
I Rode A Tank...
http://www.msnbc.com/news/677951.asp?pne=msn
in the General's rank,

when the Blitzkrieg raged, and the body's stank.

Woo-woo, hope you guess my name.

But what's confusing you, is the nature of my game.

Knallgold (3/29/02; 00:44:20MT - usagold.com msg#: 72356)
GATA
In my view,GATA has found the truth about the Goldmanipulation.For a scientist like me,finding the truth is the greatest of all gifts and the highest of all feelings!

If GATA wouldn't have an excellent case,they would have been allowed into discovery phase.Europeans know the US system of justice is a joke (sorry).

I guess Bill Murphy will make public some more information..

Nice Eastern to all.Hope you will find lots of Golden eggs!

Black Blade (3/29/02; 00:13:38MT - usagold.com msg#: 72355)
War In Palestine and Assassination of Arafat

It appears that Yasser Arafat will be dead in a matter of minutes or hours. Israeli tanks are pounding Arafat's PA compound in Ramallah and several Palestinian guards are reported to have been killed with fighting between Israeli and Palestinian troops. Tonight Ariel Sharon went on TV tell announce that as of now "Arafat is an enemy of Israel" and that means the order to kill Arafat has been given. So now it will be interesting to see how the rest of the Arab world reacts, who will replace Arafat, and what new terrorist attacks will follow. Israeli reservists have been ordered to report for duty. We just might soon see a new major Middle East war erupt. On the bright side Oil and Gold should rise on this news.

- Black Blade




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