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ARCHIVED DISCUSSION FROM 6/30/2005
All times are U.S. Mountain Time

(Yesterday's Discussion.)

Great Albino Bat (06/30/05; 21:39:25MT - usagold.com msg#: 133672)
Whoops!

Spot gold reported this evening at $437 - up in a straight line from about $434.

Now, that's chicken feed, but - it shows that gold is alive in the minds of investors around the world and that the manipulation - How much gold was spent to bring the price down to $434? - is not killing this baby.

Gold is NOT staying down - that's the important message this evening.

What is better than owning a gold mine? Simply BUYING GOLD at this ridiculously low price! Skip the mine - buy the physical!

The GAB

Goldilox (06/30/05; 21:28:08MT - usagold.com msg#: 133671)
Quiet
Geez, Bill -

I don't always agree with you posts (in fact I have been working on a good one for you this weekend).

BUT DON"T STOP - especially when you can stay topical!

mikal (06/30/05; 21:13:35MT - usagold.com msg#: 133670)
The face of fascism
http://www.msnbc.msn.com/id/8422790/
Congress works to blunt court decision - Dennis Cook - AP -
June 30, 2005
Eminent domain backlash building...

Dollar Bill (6/30/05; 18:38:04MT - usagold.com msg#: 133669)
.,.
Goldilox, I trust they are well. I made a pledge quite a long time ago not to try to change Begian because he is a key asset here and I value him. I trust my nwo rant didnt alter anything there..just the threat that it could, would have stopped me from posting, so highly do I value his vision as it is.

Goldendome (6/30/05; 17:26:09MT - usagold.com msg#: 133668)
We know this!

Inflation is the friend of debtors; a bane to creditors. We know the world's largest debtor, as well as it's leading inflator, benefiting itself most in the process. That debtor hides and obfuscates it's true inflation, both in amount and effect. It can not easily conceal a collapse in the stock markets--now in decline--or the housing markets, that evidence presented shows topping in some previously hot areas.

The Fed has only loaded back 2.25% of the 5% interest rate used to jazz up the economy during the past recession. Soon we suspect flagging data will prompt them to reverse again in favor of "benign" inflation.

Goldilox (6/30/05; 17:23:16MT - usagold.com msg#: 133667)
Quiet
@ $ Bill,

No complaints here about TC's menu. I just don't remember ever seeing 8 solid hours of no posts from our Euro bretheren on a business day.

Dollar Bill (6/30/05; 16:17:36MT - usagold.com msg#: 133666)
.,.
Goldilox, why should quiet be a surprise around the table when Randy keeps serving up such meaty fare. And with flair. Or however Coloradans would say it.

Dollar Bill (6/30/05; 16:10:52MT - usagold.com msg#: 133665)
.,.
http://www.aei.org/publications/pubID.20248/pub_detail.asp
Does it make sense, unless you want the place destroyed, to incite the type of guys in the link, with, well, you know.
All the more reason to buy gold I suppose. The nwo guys really have come far, but obviously it will get messy.
....
Boy what a place, some nights I wonder, why is 30 million households watching the same episode of fictional living?
And countless others watching overall. But, if there was nothing to =watch=, the news would just be worse.
Today a report came out that said there is no safe dose of radiation. Even the smallest triggers cancer. To some extent. Well, thats what they said. A small radiation bomb, tnt say, and some radioactive medical waste, ect, in a city, with the newspapers now saying none is ok, people flee, despite other problems, how do you patch a derivitive hole the size of a city? How did they do it when 9-11 took out so many businesses? And stopped trading?
Any books or reports on that?

USAGOLD Daily Market Report (6/30/05; 14:55:07MT - usagold.com msg#: 133664)
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.

June 30 (from DowJones) -- Midsession profit taking took gold futures lower at the close Thursday on the Comex division of the New York Mercantile Exchange.

August gold futures settled down $1.50 at $437.10 after reaching an intraday high of $440.30.

Traders said a selloff was sparked ahead of an expected rise in short-term rates announced Thursday afternoon by the U.S. Federal Reserve.

Light volume in gold trading was seen ahead of the Fourth of July holiday.

"We saw some pre-weekend profit-taking but gold is still in a consolidation phase and a tight trading range," one market analyst said.

----(see url for full news, 24-hr headlines)----

TownCrier (06/30/05; 14:33:56MT - usagold.com msg#: 133663)
Chinese leader seeks Russian oil for boom economy
http://keyinvest.ibb.ubs.com/ki/ch/en/newsbody.ki?newsid=3764948
MOSCOW, June 30 (Reuters) - Chinese President Hu Jintao began a four-day visit to Russia on Thursday hoping to secure access to more crude oil and gas to fuel his country's booming economy.

He met President Vladimir Putin informally in the evening ahead of Friday's talks where he is expected to lobby for a new Russian pipeline to be routed to China and for Chinese firms to get stakes in Russian oilfields.

Beijing is scouring the globe to secure oil reserves, inflating asset prices in competition with India and the big oil majors of the West.

The real business will begin on Friday as China looks to the reserves of neighbours to cut its reliance on the distant and U.S.-influenced Middle East.

^-----(from url)-----^

Classic... "U.S.-influenced Middle East".

How much longer before the economic balance tips back to neutral on the grounds that the ol' dollar bill ain't exactly what she used to be?

R.

TownCrier (06/30/05; 14:25:27MT - usagold.com msg#: 133662)
Gold-flecked kiwifruit liqueur comes up silver with the Germans
http://www.nzherald.co.nz/index.cfm?c_id=3&ObjectID=10333587
July 01, 2005 (New Zealand Herald) -- A Bay of Plenty distillery has won an award for its gold-flecked Kiwifruit Liqueur.

Irmengard and Michael Deinlein and their son, Tobi, were awarded a silver medal in the liqueur section at the International Spirit Awards in Neustadt an der Weinstrasse, Germany, for their distinctly New Zealand product, which contains shavings of 23-carat gold leaf.

It came second to world-renowned French company Cointreau, which won the gold award.

Auckland-based 42 Below also won a silver medal in the vodka section.

"We're just tiny," a surprised Irmengard Deinlein said of their small distillery tucked away in the Minden hills, Te Puna, near Tauranga, with the capacity to produce just 30,000 half-litre bottles a year.
The Deinleins moved to New Zealand from Germany 24 years ago.
Unable to find the fruit brandies and liqueurs to which they were accustomed, they planned to set up a small distillery in their garage to satisfy their tastebuds.

...With Irmengard Deinlein's great uncle having run a small liqueur distillery in Bavaria in the 1930s, it was a natural progression to turn their nostalgic yearning into a business venture.

...The award-winning kiwifruit liqueur is distilled from organic green kiwifruit and, although the Deinleins admit the gold leaf was "a bit of a marketing ploy", ingesting gold is believed by some to have health benefits.

^-----(from url)----^

If anyone would ever care to send a bottle of this in my direction, I would certainly raise a toast or two to their everlasting health and kindness.

Just planting a seed...

R.

USAGOLD / Centennial Precious Metals, Inc. (06/30/05; 14:09:27MT - usagold.com msg#: 133661)
FREE Gold Information Packet...
http://www.usagold.com/Order_Form.html





Goldilox (06/30/05; 13:35:41MT - usagold.com msg#: 133660)
FED Statement
quote:

"labor market conditions continue to improve gradually"

for the empoyers - they're getting our services cheaper and cheaper as employment prospects continue to deteriorate!

-G

Federal_Reserves (06/30/05; 12:59:37MT - usagold.com msg#: 133659)
GOLD VS DOW

1971 GOLD GOES PUBLIC at $35, now $434 and increase of 1240%

1971 DOW trades at 868 now 10,300 an increase of 1186%.





TownCrier (06/30/05; 12:18:00MT - usagold.com msg#: 133658)
FOMC press release -- rate hike by 25bp to 3.25% fed funds target
http://www.federalreserve.gov/boarddocs/press/monetary/2005/20050630/default.htm
June 30, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 3-1/4 percent.

The Committee believes that, even after this action, the stance of monetary policy remains accommodative and, coupled with robust underlying growth in productivity, is providing ongoing support to economic activity. Although energy prices have risen further, the expansion remains firm and labor market conditions continue to improve gradually. Pressures on inflation have stayed elevated, but longer-term inflation expectations remain well contained.

The Committee perceives that, with appropriate monetary policy action, the upside and downside risks to the attainment of both sustainable growth and price stability should be kept roughly equal. With underlying inflation expected to be contained, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured. Nonetheless, the Committee will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability.

Voting for the FOMC monetary policy action were: Alan Greenspan, Chairman; Timothy F. Geithner, Vice Chairman; Susan S. Bies; Roger W. Ferguson, Jr.; Richard W. Fisher; Edward M. Gramlich; Donald L. Kohn; Michael H. Moskow; Mark W. Olson; Anthony M. Santomero; and Gary H. Stern.

In a related action, the Board of Governors unanimously approved a 25-basis-point increase in the discount rate to 4-1/4 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

TownCrier (06/30/05; 11:46:11MT - usagold.com msg#: 133657)
"He ain't heavy, he's my old worthless leu..."
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20050630\ACQDJON200506301230DOWJONESDJONLINE001109.htm&selected=9999&selecteddisplaysymbol=9999&StoryTargetFrame=_top&mkt=WORLD&chk=unchecked&lang=&link=&headlinereturnpage=http://www.international.na
HEADLINE: Romania To Introduce New, Redenominated Currency Friday

BUCHAREST -(Dow Jones)- Romania will redenominate its local currency, the leu, Friday as part of its efforts to prepare the economy for European Union accession in 2007.

The redenomination will transform 10,000 units of the current currency into one new unit, dubbed "the heavy leu."

...Companies will be required to use the new leu for bookkeeping.

...Central bank governor Mugur Isarescu said last week that the redenomination marks the end of Romania's high-inflation transition period.

^-----(from url)-----^

Ongoing paper currency reform. Is your portfolio structured in such a way that it can withstand any such high-inflation transion period?

Choose gold. The original 'heavy'.

R.

TownCrier (06/30/05; 11:23:02MT - usagold.com msg#: 133656)
Norwegian crown dips after Norway CB rate-hike decision
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh58990_2005-06-30_12-14-47_l29319905_newsml
LONDON, June 30 (Reuters) - The Norwegian crown dipped briefly against the euro and Swedish crown on Thursday after Norway's central bank raised interest rates, (by a quarter point to 2.0%) as expected, but downgraded its inflation forecast for next year.

... the central bank said in its inflation report that it saw 2006 core CPI at 1.5 percent, versus 1.75 percent forecast in March.

^-----(from url)----^

Do you know where you stand when higher interest rates and lower inflation forecasts result in a weaker currency -- as seen here vis à vis the euro?

R.

TownCrier (06/30/05; 11:17:00MT - usagold.com msg#: 133655)
Fed creates $17.5 billion fresh money supply
With the market in fed funds trading tighter today in anticipation of a hike in target rates by the FOMC, the Fed's trading desk stepped into the open market this morning to ease the pressure with extra liquidity, adding $12 billion via 14-day repurchase agreements, and an additional $5.5 billion via five-day repos.

R.

TownCrier (06/30/05; 11:08:33MT - usagold.com msg#: 133654)
Japan's Watanabe urges quick, decisive yuan reform
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh57626_2005-06-30_11-29-58_l30719025_newsml
TOKYO, June 30 (Reuters) - Japan's top financial diplomat reiterated Tokyo's stance on Thursday that quick and decisive steps by China's authorities on reforming its yuan policy are desirable.

...Japan has recently stepped up its rhetoric over yuan policy, saying China needs to take decisive measures since small and incremental steps could lead to speculation in the market for further revaluations.

He added that calmer debate, rather than putting too much external pressure on China and politicising the issue, would be more productive to induce quick yuan reform by China.

...The market has been sensitive to any signs of a change in reserves policy by Japan, China, Taiwan or South Korea -- now the world's top holders of external reserves, with combined holdings of nearly $2 trillion resulting from dollar-buying intervention to stem an export-crimping rise in their own currencies.

^-----(from url)----^

Here is a v. brief look at reserves beyond Europe, with a splash of politics...

R.

TownCrier (06/30/05; 11:01:25MT - usagold.com msg#: 133653)
Eurosystem's quarterly MTM revaluations
The final figures won't be published until middle of next week, but to ballpark them now, the London A.M. fix provided a gold price of 362 euro per ounce (an all time high), and the afternoon dollar exchange rate was $1.21 per euro (0.826 euro/dollar).

The previous benchmarks from March 31st were a gold price of 329.76 euro per ounce and dollars at $1.296 per euro (0.771 euro/dollar).

Over this quarter, the euro slid by 7.1 percent against the dollar, which will result in a higher euro-denominated book value for the dollar portion of the EUR 158.6 billion net reserve position currently held in foreign currency.

As of end of last week, the reserve position held in gold stood at EUR 126.717 billion (11,952 tonnes). Denominated in euro, gold over the quarter has gained 9.8 percent, which should boost the book value of gold reserves accordingly to EUR 139.1 billion.

Meanwhile, U.S. Treasury gold reserves as monetized through the Federal Reserve System remain "under-utilized", booked at $11 billion on the historical basis of the 1973 price of $42.22 per ounce.

R.

Druid (6/30/05; 10:39:32MT - usagold.com msg#: 133652)
@Goldi

Druid: That should read "Knight". Now, back to jumping from screen to screen.

Druid (6/30/05; 10:35:36MT - usagold.com msg#: 133651)
@Goldi

Druid: I don't know about everyone else but, your fellow night here, is waiting to hear from Vader and his group concerning interest rates.

Goldilox (6/30/05; 10:00:36MT - usagold.com msg#: 133650)
VERY Quiet
Wow, did somebody's submarine run over the internet cable in the pond?

I don't think I've EVER seen it this quiet.

Topaz (06/30/05; 01:22:00MT - usagold.com msg#: 133649)
@smeagol
http://www.crbtrader.com/data/default.asp?page=optqte&sym=GC&mode=d
There's a "sore-thumb" on the August Comex Futures (option) at $445, this MAY be what they're alluding to.

PaperGold ...poor-man's Silver 'till August!



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