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Welcome to the USAGOLD Gold Discussion Archives. The archives of this gold discussion forum are a treasure trove of information to educate investors about protecting their wealth through portfolio diversification with private gold ownership. The discussion forum also covers the wider issues of the past, present, and future role of gold in international monetary policy and the dynamics of the modern gold markets...   (Discussion Forum Hall of Fame) (The Gold Trail) ("Thoughts!" by ANOTHER)   The opinions posted by all guests are expressly their own and do not necessarily represent the views of the management or staff of USAGOLD - Centennial Precious Metals. The hosting of the public discussion shall therefore not be construed as an endorsement by USAGOLD - Centennial Precious Metals of any of the opinions posted here.

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ARCHIVED DISCUSSION FROM 12/31/1999
All times are U.S. Mountain Time

View Yesterday's Discussion.

DIRECTOR (12/31/99; 22:57:29MDT - Msg ID:21953)
To All
Do any of you fine people know if The Wall Street Underground has a website and if so, what the Link is for it? Thanks in advance to anyone who can help me with this.

SHIFTY (12/31/99; 22:27:39MDT - Msg ID:21952)
(No Subject)
so far so good
Happy New Year to all.

mike55 (12/31/99; 22:07:18MDT - Msg ID:21951)
Happy New Year!
From the Motor City to one and all at this finest of sites on the internet, our family wishes you all the best in the new year!

Mike

ji (12/31/99; 21:58:26MDT - Msg ID:21950)
Silent Weapons for Quiet Wars
http://www.freezone.org/mc/swfqw.htm
In conclusion, the objective of economic research, as conducted by the magnates of capital (banking) and the industries of commodities (goods) and services, is the establishment of an economy which is totally predictable and manipulatable.

In order to achieve a totally predictable economy, the low-class elements of society must be brought under total control, i.e., must be housebroken, trained, and assigned a yoke and long-term social duties from a very early age, before they have an opportunity to question the propriety of the matter. In order to achieve such conformity, the lower-class family unit must be disintegrated by a process of increasing preoccupation of the parents and the establishment of government-operated day-care centers for the occupationally orphaned children.

The quality of education given to the lower class must be of the poorest sort, so that the moat of ignorance isolating the inferior class from the superior class is and remains incomprehensible to the inferior class. With such an initial handicap, even bright lower class individuals have little if any hope of extricating themselves from their assigned lot in life. This form of slavery is essential to maintain some measure of social order, peace, and tranquillity for the ruling upper class.




backlash (12/31/99; 21:48:25MDT - Msg ID:21949)
We made it !

Greetings one and all, posters and lurkers, of this most prestigious forum so grandly hosted by MK.

Well, the apocalypse failed to arrive (at least not yet) as prognosticated by some doomsdayers. Yet is there not some concern available for the other 4 horsemen? I think so. If as much money and resources are thrown at the remaining horsemen as has been leveled at Y2K, they too may be tamed without undue hardship to the peasants.

The Bubble Market - Oh, it is just going to go on forever. The experts tell us so

Oil Shortages - Prices will be coming down soon because the Y2K scare is over. (The experts)

The Euro - gosh, has it been blasted out of the water. No danger there.

Inflation - well in check. Low unemployment and rising productivity say so!

Whew, it is hard to keep a straight face repeating the media mantra, but it appears most people are accepting it without question. It is clear that 'backlash' does not reflect a proper position (and/or name) to take given the stance that most on this August forum find appropriate (too negative, I think). Therefore, this will be the last post offered. All, rest assured that I do not take it personally. It is just my propensity to identify with the common person (because I am one) and try to project the position, or attitude, we will have when all the skullduggery finally comes to light. Or really when the 'shaft' is put to us. . . . 'backlash' will then be an action rather than a name.

Another, F.O.A., Ari, Peter, TC, and so many others - Thank you for the wonderful education I have received. It will not stop. Scrappy, you are a true inspiration. Leigh, please continue to see that posters mind their manners. (Chuckle)

Now it is time to be off to watch NY's New Year celebrations.

Peace to all for the coming millennium and best wishes. . . . bl . . . .-30-

mhchuck (12/31/99; 21:46:57MDT - Msg ID:21948)
Leigh
I'm glad you liked my analogy. I've always maintained the highest optimism for gold based on historic economic principles. But this blatant incessant manipulation of public opinion and markets has caused my resolve to falter, hence the negative overtones to my posts. I support GATA, and I encourage others to do likewise......But hey, it's NEW YEARS, and I want to wish good health, happiness, and prosperity to you, and to all who visit and post at this esteemed forum. Thanks MK.

Solomon Weaver (12/31/99; 21:44:05MDT - Msg ID:21947)
(No Subject)
The mood in our house is pleasant tonight as we have watched CNN roll in the new year and hear see the electric still working....

It's not all over yet...and our mutual favoured investment will certainly be good to us...more so when the lights work...

A truely Happy New Year to all of you..

Poor old Solomon

Mr Gresham (12/31/99; 21:20:08MDT - Msg ID:21946)
Fed actions
http://www.bog.frb.fed.us/releases/H3/Current/
Dec. 30 Fed report shows largest Special Facility draw $127 million -- still not such a big amount, seems to me.

But vault cash was up to $63 billion. Big jump. Did Town Crier say they had gone through $120 billion of the green stuff? I wonder what was left?


Canuck (12/31/99; 21:13:02MDT - Msg ID:21945)
Number Six
I heard the Broncos have it locked up for the the 'threesome'. Beats out my Cowboys.

Go Denver.

Canuck (12/31/99; 21:08:02MDT - Msg ID:21944)
Y2K
Number Six

We roll (eastern) in one hour exactly.

I pray for you,(central, mountain, pacific) you pray for me
as well, okay.

Love you American Canucks too, take care, we're cool.

Canuck.

Canuck (12/31/99; 21:02:09MDT - Msg ID:21943)
Y2k
Number Six

How are you guy?

Looks like Y2K is going okay. Thank God for the 'non-event'.

Haven't heard a single word from middle-east? What do you know my friend?

Canuck.

Peter Asher (12/31/99; 20:52:11MDT - Msg ID:21942)
beesting
Thank-you and best wishes for this better than epected New Year.

Peter Asher (12/31/99; 20:42:50MDT - Msg ID:21941)
pdeep (12/31/99; 20:18:59MDT - Msg ID:21938)
Re-Death From a Thousand Cuts

Donn't rain on the parade without cause!!

Those are incidents related to Mellinium preperation situations or breakdowns that happen sporadically every day.

Sounds like reports from people seeking 15 seconds of fame!

We are still 1 1/4 hour away from eastern zone roll-over. We havn't had the USA event yet.

I'll feel even better when we get an all-clear from Cheyenne Mountain.

OverHerd (12/31/99; 20:30:16MDT - Msg ID:21940)
Hi All
I'd like to wish all peace, happiness, good health, and prosperity in the coming new year.
Also a special thank you to Mike Kosaras for making this forum possible.
joe


Scrappy (12/31/99; 20:22:27MDT - Msg ID:21939)
O.k., o.k.,
maybe my exuberance is a touch
'irrational'. I realize that it isn't over 'til it's over, and there are likely to be glitches over the next few months, yada yada yada, but right now, I am Thrilled that the basic infrastructure seems to be holding up everywhere else. I needed this relief, please bear with me. :}

I can survive economic disaster, I could even live without electricity, (Except for the fact that it heats the water for my hot showers) but don't take away my indoor plumbing!


pdeep (12/31/99; 20:18:59MDT - Msg ID:21938)
Death From a Thousand Cuts
http://www.y2knewswire.com/Y2KNewswireHistoryProject.htm
While no major disruptions have yet been reported in NA, the following list suggests that many small glitches are indeed occurring, even before the date change.

Many small businesses will not fire up the payroll and inventory-related PC's until Monday.

I think it may be a bit too soon to judge this as a "non-event."





Scrappy (12/31/99; 19:55:15MDT - Msg ID:21937)
Leigh!
S'WUNNERFUL!
As I speak, our first HUGE pot of rice is being cooked! We are going to eat it in glorious celebration of electricity, computers, centuries and milleniums! With every pot I eat over the next year, I will THANK GOD that the worst DIDN't happen, and we can still take a burger break every now and then. Wanna make a fortune? Publish a reicpe book, "2000 Way to Prepare Beans, Rice, and Tuna" :}!

Oh, happy happy happy Scrappy! Yay! We can still talk to each other! Joy and love to you and yours, Leigh!



THX-1138 (12/31/99; 19:52:28MDT - Msg ID:21936)
Found the link to the missle launch news
http://wire.ap.org/APnews/center_story.html?FRONTID=EUROPE&STORYID=APIS71MIKNO0
Well, here it is.

THX-1138 (12/31/99; 19:43:37MDT - Msg ID:21935)
Scuds Said Launched at Chechnya
Got this of Free Republic web site but no actual link to news article


WASHINGTON (AP) -- Russia launched three short-range scud missiles into Chechnya on Friday, the Pentagon said.

The short-range missiles were monitored as part of the U.S.-Russia joint surveillance of any activity that might be related to the year 2000 computer glitch.

Thomas Pickering, undersecretary of state, said the launches were not related to any Y2K problems, however.

``We have confirmed with the Defense Department that this incident was not Y2K related, that the missiles were not strategic but short-range -- that is, under the 500-kilometer-range definition for strategic,''
Pickering told reporters at Washington's Y2K command center.

Under a binational agreement setting up the joint monitoring, any launchings of 500 kilometers or more would be considered a ``reportable event,'' with all details to be made public.

AP-NY-12-31-99 1712EST


Leigh (12/31/99; 19:38:11MDT - Msg ID:21934)
To Everyone
Scrappy, Peter, Cavan Man, beesting, and all of you: It is so wonderful to check in and find you here at the Forum. We're staying home this evening, watching Star Trek (gag), wondering how we're going to eat up all our Y2K food in this lifetime. What a relief to have Y2K come in smoothly. We've been searching for a home in another state (outside D.C.), and I was wondering how our move was going to happen amidst bank closures, gas shortages, and the stock market crashing. Hopefully those things won't happen now.

Let's all hope the Internet stays up so we can get together again tomorrow!

Strad Master (12/31/99; 19:34:42MDT - Msg ID:21933)
Y2K - Hoax?
Well, it looks like Y2K may turn out to be the biggest hoax in world history. The US spent trillions to fix the computers here but what of the third world countries who didn't spend a penny? Seems they're OK, too. Amazing! There's cause for some Y2K lawsuits!!! Now, of course, all that excess money the Fed printed can go into making the stock market go up to 10,000,000,000 or beyond (After all, why stop there?)
Actually, I'm really glad nothing bad has happened anywhere in the world. I do so love our civilization and modern conveniences -- all the problems notwithstanding. (It's hard to play concerts by candlelight.) Unfortunately, we goldbugs will now have to wait for some other major world catastrophe to cause our holdings to appreciate by $12 or $15. In the meantime, it looks like it's back to the long grind down in prices. Oh well...
May 2000 bring everyone on this esteemed forum Health, Happiness, Prosperity, (Put all your money in the stock market before it's too late!) and Inner Peace! My fondest best wishes to you all!

PH in LA (12/31/99; 19:34:33MDT - Msg ID:21932)
Nuclear War Update
Update!!Update!!Update!!Update!!Update!!Update!!Update!!

Still no nuclear war here in Los Angeles, California.

Good luck everyone!

PH in LA (signing off for the millennium!)

mhchuck (12/31/99; 19:22:25MDT - Msg ID:21931)
Do We Have Free markets?
So now I ask FOA, MK, ALL....How on earth (and I mean that literally) is gold going to rise when Alan Greenspan, as chief representative of the bankers, has done everything he said he would. When our great President (cough) announces in a speech "I wouldn't go out and buy gold." Also, it's no small irritant that it's called the "Washington" agreement.
Has anyone calculated cumulatively how many billions if not trillions of company shares there are? (Microsoft alone has 5 billion.) So they are going to run are they? Where are they gong to run to, when almost every Public official, newspaper, magazine, radio station and TV commentator denigrates gold? I have a friend who bought many stocks low, that have split multiple times....I give him the arguments for gold: The manipulation, the corruption, and I even threw in "they can't "split" gold" for good measure. He said, I like talking to you because you're different than everybody else. Yup, I said, "there's an inverse relationship between the amount of economic knowledge one possesses and financial gain." You sure know a lot he said. Just leave me in your will I retorted.
How is gold going to rise when banks and governments are "Writing Off" billions in third world debt? Didn't rumor have it that LTCM was "let off" of their multi ton gold short position through an "off book" transaction. I don't care how many tons short there are 10,000, 14,000, 50,000 Why won't governments and banks give absolution to the shorts? Tell me why? These are not free markets! You know, I could go on for about another three hours, but we have heard it all before, haven't we? Like I said, I hold gold because it reminds me.
One final note. If there is such a thing as justice, or if ever justice would once manifest, May "Barrick Hedge Fund" be the recipient, for having thumbed their noses at shareholder inquiries (myself a former shareholder who made inquiries) and finally...Yuk, Yuk, what an industry, if the price of the item they are producing rises...they all go bankrupt. Please come and get me, I'm ready for the nuthouse.

Leigh (12/31/99; 19:21:18MDT - Msg ID:21930)
mhchuck
The Bible says that Satan roams around the earth like a roaring lion, seeking whom he may devour. Good analogy you used.

beesting (12/31/99; 19:16:13MDT - Msg ID:21929)
Peter Asher #21924
Your a master with words Peter,good poem.....beesting.

mhchuck (12/31/99; 19:13:55MDT - Msg ID:21928)
Just Another Squashed Bug.
What I'm about to relate is the real life story of a true gold-heart. In 1981 it was my desire to begin a search for the truth regarding politics, financial matters and the like. Whereupon I stumbled upon the existence of secret cabals, the fraudulent nature of the monetary system, John Meynard Keynes, etc. etc. My productive years were directly ahead of me, and my philosophy was (and still is) "I don't want nothing for nothing, and nothing from nobody" (excuse the English) so I devised a plan to PRESERVE the purchasing power of any dollars I might earn through a systematic purchase of Gold, while keeping approximately fifty percent of my earnings in dollars. Plain and simple...that's it. I didn't know anything about stocks except that they are pieces of paper that were "pushed" by thousands of what can only be called the equivalents of race track touts. And today it's worse, everywhere you look you hear "buy this stock," "buy that stock," my questions are, why? because YOU said so? And who are you? I wanted no part of stocks then, or now. I wanted truth and stability. So I worked hard, sometimes fifty to sixty hours a week and with my excess earnings bought gold.
Here I am almost twenty years later and the gold part of my plan has been devastated, annihilated, decimated. I have been chewed up and spit out, and in the process have lost eighty to ninety percent of earnings I worked my tail off to acquire. If that weren't bad enough, I have been taunted and ridiculed for my beliefs, while acquaintances laugh at me, and my tax preparer asks every year (after we deduct losses) Why do you keep buying more? So when Farfel ( bless him ) rails about the scum running most of the gold companies, boy does that make me smile. Mere words cannot convey my contempt for these traitorous self serving Pukes for SELLING SHORT the product they produce in order to receive their inflated salaries and bonuses while shafting the owners (shareholders) of the company. So now I'm sitting with three gold stocks (FN, AEM, and GOLD) plus my bullion coins.
But I want to also post my world view. Turn on the Discovery channel often enough and you are bound to see footage of Lions tearing apart wildebeest or some other peaceful passive animal. Human life is similar to that....except that it is veiled by an apparatus called "society," and the lions have holed themselves up in fortresses called banks. There, they present themselves as benefactors of the human race. If you worship the lions, accept their view of the world, their politics (after all, whose dictates does the term "politically correct" refer to?) Their philosophies, their idea of morality, all of which are injected into the culture through totally "controlled" media, you can distance yourself from harms way.(To see what they have wrought just observe today's cultural landscape) But if you don't march to their tune, you become lion fodder. Hundreds of millions of innocent people have been brutally murdered in military conflicts instigated and initiated by these so called benefactors of humanity. (Please read "The Creature From Jekyll Island")
ANOTHER and FOA? Great men IMO, delivering a message saturated with much truth. Their argument is cogent, consistent, and compelling. But while I might not be able to see beyond my nose , I can't deny what I DO see, and I plainly perceive that gold is "BENEATH" the footsteps of giants. The massive multi central bank, and government operation to sell gold cannot be denied, nor can I close my eyes to it's price action. And while several giants are purported to be battling, I believe their nature and ultimate goal is the same, specifically, the establishment of a "World Currency" to compliment the "World Army" etc. etc. What scares me is the Totalitarian nature of this "New Era New World Order" and the virtual control exerted on all markets and channels of information. What ANOTHER/FOA are forecasting (as I read it) is a change of direction by these giants that involves nothing less than the revolutionary idea that they would relinquish considerable power, and control over money and markets through the act of recognition and acknowledgment of gold as "real money" to the benefit of the human race. (lions just don't say to wildebeest, OK, now it's your turn to eat me.....so I remain skeptical) IMO, unrestrained money creation is their lifeblood and vital to the establishment of the NWO. Haven't we been bombarded with the message that we now live in a "Global" community where national boundaries are meaningless or are in the process of becoming so. I hope I'm wrong, but if I could choose between gold at five thousand an oz., and representative government, I would choose the latter. I humbly extend my gratitude to FOA/ ANOTHER for enriching my life and sharing their wisdom. I intend to pass it on in the spirit in which it was given. "Truth," to me, is worth more than all the riches in the world. I hold Gold because it reminds me.

mhchuck (12/31/99; 19:09:33MDT - Msg ID:21927)
Test
Test

Scrappy (12/31/99; 18:48:02MDT - Msg ID:21926)
HOOOOORRRRRAAAAAY!
The way I see it,
the two worst things that could've happened--sudden loss of electrical power, or devastating nuclear mishap, have NOT happened anywhere else, and are unlikely, therefore, to happen here, (Because we were supposedly the ones who were furthest ahead in remediation matters.)

We CAN survive anything else that might happen from here on in.

Happy New Year, New Century, New Millenium, everyone!

THX-1138 (12/31/99; 18:44:23MDT - Msg ID:21925)
Power Line Sabotaged in Oregon
http://www.washingtonpost.com/wp-srv/aponline/19991231/aponline131904_000.htm
Well, looks like the wackos are starting to show themselves.


Peter Asher (12/31/99; 17:59:40MDT - Msg ID:21924)
We have arrived
- - - - - - 0/1/00 - - - - -

I'm glad I'm wrong, not right today,
Regarding theories here held sway.
Diaster has not come our way,
The World is back in order.

As midnight travels 'round the Globe,
The World is new, not back to old.
We soon will know the final truth,
Upon the dateline border.

Yet still the Masters try their lies,
Designed to see that Freedom dies,
Through plots that drain the peoples wealth
By monetary slaughter.

The markets will ignore the way,
Liquidity, the price will pay.
Balance will come into play,
Gold will rule the waters.

'Tis more than just an idle hunch,
there's soon to be a credit crunch.
Wealth will seek the safer way,
Goldheart's dreams will rule the day!






Jon (12/31/99; 17:59:06MDT - Msg ID:21923)
No Nuclear Devastation Here
Hey Invisible Hand: Re your dire warning [msg # 21891],every thing seems normal thus far in So. Florida. Do you think we can now relax a bit, and get back to tabulating our losses on our gold investments?

nickel62 (12/31/99; 17:39:02MDT - Msg ID:21922)
Steve H enjoyed your post and agree with your comments.
Could you elaborate on the comment about buyers of opions from trading desks losing what they have not used. I don't use options but am very familar with trading desks and amcurious what specifically you were referring to. Thanks and Best wishes for the new year everyone.

ET (12/31/99; 17:27:41MDT - Msg ID:21921)
Cavan Man, PH
Hey CM - how ya doin? You're from St. Louis! I wish I had known that. Every few months a group of programmers get together over at a sports bar in the Westport area and talk about the latest y2k stuff. One of the guys is a COBOL guy that works for Mastercard. Anyway, they've been inviting me to attend and I was finally able to make it to the last meeting a couple of weeks ago. Had a ball. Had a hangover. If I had known you were from the area I would have let you know. I think they will be having another meeting in a couple of months and you have to make it.

Hey CM - its looking good for the infrastructure, huh? I assume if Nigeria can keep the power up, Kansas City Power and Light stands a decent chance. <g>

The consensus of the St. Louis crowd was no infrastructure problems to speak of. Still worries persist with government payments systems. Most figure if we get through any government problems the coast is clear.

No nukes here in Kansas PH. I'll keep you posted.

ET



Usul (12/31/99; 17:23:08MDT - Msg ID:21920)
Gold
2000 in London now! Happy New Year to all at USAGOLD!
A special greeting to our esteemed host, Michael Kosares,
and every single one whose posts I love to read!
And lurkers, who knows, while your thoughts may be
hidden from our view, you are many and your actions may be
as butterfly wings to whip up a storm...
I toast you all.

"Like an earring of gold or an ornament of fine gold is a wise man's rebuke to a listening ear."

Proverbs 25:12


ORO (12/31/99; 16:37:15MDT - Msg ID:21919)
SteveH Peter Golden Truth - it is being made
Money is indeed being made.

Like other Ponzi schemes, this one does include many who are making money in the stock market.
As usual, for a Ponzi scheme, early comers and the operators of the scheme make the bulk of the money.

In this case, the people SELLING internet companies to the markets are making the money. Bill Gates and Softbank's Son come to mind. The IPOs of internet "companies" are a clear set of winners. The employees of these companies that do cash out make money. Who has made money but will loose it? The latecomer investor. The also-ran mutual fund manager. The stock index funds and automatic stock index futures buyers. The buyers of long term options from Wall Street trading desks will lose what they have not used. Pension funds benchmarked to the indexes will lose.

Is money made? Yes. If you are a late buyer of net stocks, if you are an owner of index fund shares, if you are an employee of a 'net company with 4 years to wait till you vest your options, if you have a pension fund, even if you are just a plain old tax payer - know this:
the money is made off of you.

Netking (12/31/99; 16:27:46MDT - Msg ID:21918)
First US Territory OK also...
First US Territory Enters New Millennium. The US territory of Guam in the North Mariana Islands has passed into the
new millennium with no reported problems. All systems at US
installations on the island are reportedly working perfectly.


Netking (12/31/99; 16:26:57MDT - Msg ID:21917)
First US Territory OK also...
First US Territory Enters New Millennium. The US territory of Guam in the North Mariana Islands has passed into the
new millennium with no reported problems. All systems at US
installations on the island are reportedly working perfectly.


SteveH (12/31/99; 15:50:43MDT - Msg ID:21916)
Peter
Thanks for the quote.

Golden Truth,

I know your sentiment. My coin dealer buddy said something similar to me the other day, "I feel like the world is passing me by."

He referred to the stock market and all the money we perceive is being made there.

Often times sentiment runs lowest just before the turn. Here is wishing you the best of luck, yet, I also hope that your golden truth is that the gold market is about to turn. Here is hoping.

ORO (12/31/99; 15:48:27MDT - Msg ID:21915)
Coming buying op
Buy a 2 lb bag of Kosher salt before reading
The results of the Y2K transition were minor so far. Already safe haven dollar buying has reversed and the bond yields are resuming their upward path.I expect a spike in yields when 6.5% is passed with gusto in the first trading days. Stocks should make a short spike as well. All is predicated on there being no major disasters upon startup of business and banking operations on the 3rd and 4th. I expect these to be a sporadic few, and not humungous.

In the very likely event that a simillar reversal of flight to safety money exits the gold market, there should be a good buying opportunity in gold and gold stocks (unhedged, of course, or even a few hedge lites). The first signs of bottoming could be the microcap/penny gold stock buying op of a lifetime. They have, for the most part, continued falling through the whole recovery. In the "normal" gold bull markets of the past two decades these provided returns of 10X and better. I expect this to be exceeded over the next bull market.
This next gold bull market has started already. The next phase should start in early Jan or March, depending on the behavior of the stock and bond markets after the relief rally in stocks (which is well underway since earlier this month) and their effect on the dollar.

Watch.

Look for signs of further thinning in the gold market while reports of good physical buying continue. Follow EU, China and India economic officials. Watch for odd statements from the loose lipped Malay ministers. Their recent induction into the BIS should cause further leakage of information in the next few months, as Mahatir comes to speed and starts both complaining about the current situation and touting words that reveal he sees a threat to the status quo.

Take it for what its worth. This is not your individual financial advice, and I bear no fiduciary duties to any of you - caveat emptor.

PS. A box of salt will do just as well.

Peter Asher (12/31/99; 15:41:40MDT - Msg ID:21914)
All clear as far as Egypt
Latest report from Zone 2000

00:05 AM Jaunuary - Saturday 2000 - Cairo - Egypt. Mamdeyab@Frcu.eun.eg

Here in Egypt, Till now we have no problem, Every thing is Normal .. Electricity , Telephone lines and Mobiles, TV
Broadcasting, and Traffics. We Tell all who love Egyptian pyramids and sphinx .. they are very well and congratulate
the world with new century. We send our Congratulation From besides Pyramidsand sphinx to all over the world and
wish a happy Century of all. Engineer: Mahmoud A. Deyab

RAP (12/31/99; 15:38:12MDT - Msg ID:21913)
Leave it to the French to be different.
French Satellite System Gets It Wrong:
An automated system that posts
weather satellite pictures to the
Web had a Y2K "moment" today
when it briefly tagged the images
with the year "19100" but the
problem was quickly rectified.

Golden Truth (12/31/99; 15:09:49MDT - Msg ID:21912)
Paranoid Thinking Runs Amuck Here!
First things first there is and will be no "Y2K" meltdown!
Secondly Nuclear WAR will not break out in 7 Hrs? Get real! Or better yet, get a life man.
Thirdly i remember F.O.A saying that Y2K would be something to behold, and Y2K would be a good reason to De Throne? the U.S dollar without blaming foreigners, and thus not causing a War. I guess this means its now a war to "Transition" over to whatever it is we are transitioning over to? But more importantly when? If it takes 10 years that is not wealth that is just the same thing, the markets say "Stay in for the long haul"

Dear F.O.A when i was first learning about GOLD i viewed you as some sort of god. Now a year later i still have an enormous amount of respect for your knowledge about Gold.
Yet, I still respectfully say, the World markets are just to big and to unpredictable for one person to know with any certain
ty.
At best i'd say you can guess or maybe extrapolate. Its very obvious that you get to play in a "Golden Sandbox" therefore i can understand your Golden exuberance in all things golden.

Even Another thought or said the P.O.G would be higher before the Year 2000, I have the post # if anyone would like to read it.
I think the Stranger, (Howdy Stranger if you're out there still, really miss your down to earth posts.) is 100% correct that if you only allow yourself to own Gold, you'll miss out on obtaining real wealth in your life time, and buying or selling GOLD is all about TIMING! Think about it.

I've grown tired of trying to fight the Goverment on the P.O.G they will only let the price increase when they feel like it, and not one second sooner. I,am sure even if a group of terrorists held half of the Worlds gold captive the price would still not be able to budge.

If a paper profit is made in the markets can you not buy a car, a house,or food, or take a holiday or even buy GOLD.

What i've learned is GOLD is for the Rich who have a lot of paper wealth to protect, so far they don't seem to concerned about protecting it,do they? In this World "timing"
is everything, even for an emperor who heads for a higher mountain.

Watch for the markets to "Boom" on Jan 3/2000 and the price of oil to drop and unfortunately for the GOLD price to drop by $10-$20/oz in Jan, looks like its time to diversify.

I've never been more disappointed in an investment as i have been with GOLD, since i've spent so much time and effort on it and to add insult to injury i lose nothing but money. If i would of spent the $15,000 plus dollars i spent on GOLD and bought oil shares in my company i would of doubled my money and still be able to buy all the GOLD i want tomorrow.
Even more than 10 oz's right F.O.A???

Anyways good luck to all :-)))
G.T
P.S For all other Paranoids, Nuclear War will start in 5hrs so buy more GOLD because it will protect you? Or maybe the U.S dollar is going to crash on monday Jan3/2000. Its all true, a little birdy whispered it in my ear!
BELIEVE IT!! HONEST! IT,S ALL TRUE!! GET IT WHILE YOU STILL CAN!! DON,T DELAY "ANOTHER" DAY!! HURRY ON DOWN BECAUSE YOU WON,T BE ABLE TO BUY MORE THAN 10oz's!! TRULY!! BELIEVE ME!! TIME WILL TELL ALL!! How much time? you ask? don't worry about it ,you own gold, just keep buying more, because I SAID SO!!

The Invisible Hand (12/31/99; 15:02:02MDT - Msg ID:21911)
Analysis by Russian Defector: Y2K Bug Forced Yeltsin Out
http://newsmax.com/articles/?a=1999/12/31/95835
NewsMax.com
December 31, 1999

Colonel Stanislav Lunev, the highest-ranking military spy to ever defect from Russia, writes an exclusive column for NewsMax.com on Russia, military/espionage matters and foreign policy.

Col. Lunev offered his immediate analysis of the breaking news story that President Yeltsin had resigned effective today, handing the Russian presidency to his Prime Minister, Vladmir Putin.

Here are Col. Lunev's Key Points:

Y2K Bug: Last week, key members of Yelstin's inner circle - his family, money ,backers and political entourage - had a meeting. During the meeting, these members, referred to in mafia language as Yeltsin's "family," were, no doubt, informed about the disaster the Y2K computer problem may hold for Russia.

The family knows that Yeltsin is out of his mind, and has little support in the Russian military. There are fears and concerns of an accidental nuclear war. This is why the U.S. and Russia have sent top-level officers to each others military and nuclear command posts. The family knows that Yeltsin would be unable to handle a crisis involving nuclear weapons and that he would have to be removed, or risk removal by the Russian military.

There will be economic and social disruptions because of Y2K. Yeltsin's family has gotten something of a victory in the Parliamentary elections, and they feel Yeltsin needs to exit before Y2K erupts. Otherwise he risks the wrath and blame of the Russian people if disaster strikes.

Putin: Putin is first and foremost a KGB man. After graduating from Leningrad University, he was shipped to East Germany as an intelligence officer. He was not a good intelligence officer, so he was sent back to Russia and was reassigned to counter-intelligence. After the fall of the U.S.S.R., Putin was assigned by the KGB to work with a rising political star, Anitoliy Sobchak, who went on to become mayor of Leningrad, renamed St. Petersburg. Putin became Sobchak's right-hand man and gained the notice of Yeltsin and the family.

Putin was brought into the Yeltsin government, and made head of the Federal Security Service, the successor agency to the KGB. When Yeltsin sacked Primakov as prime minister, the family turned to Putin. It is widely believed that Putin has
promised the family that Yeltsin will not be prosecuted after he leaves office. At the same time the family is said to have incriminating evidence on Putin.

Putin and the future Russia: Putin is an extremely cold-blooded individual. His nickname is "Andropov Jr." -- after the former head of the KGB, Yuri Andropov. Andropov, who died as general secretary of the communist party, was known as one of the most sinister and cunning men in the Soviet hierarchy.

Already Putin has shown with his political and ruthless war in Chechnya that he is willing to sacrifice blood to fulfill his ambitions. He is a hawk. In recent months he has announced a massive increase in the Russian military budget -- by more than 50 percent. He also has returned Russia's nuclear forces to a Cold War footing. More ICBM's have been deployed and test-fired in the past 6 months than in any period since the end of the U.S.S.R.

Putin will show his military muscle to the world. He is aggressive and dangerous. He will do anything to reach his targets.

Mr Gresham (12/31/99; 14:43:51MDT - Msg ID:21910)
Town Crier -- $15.6 billion
http://biz.yahoo.com/rf/991231/in.html
A billion here, a billion there; pretty soon you're talking some REAL money! (That was Ev Dirksen, right?)

I just hope all those mortgages are good investments for the Fed, if they end up having to hold onto them. Hey, I wonder if ours is in one of those pools? Gives me that once-in-a-lifetime to participate in a great national endeavour, every month when I write the check.

YGM (12/31/99; 14:16:55MDT - Msg ID:21909)
The World's Alright? Maybe Not Just Yet.....
Japan Nukes Malfunction...


Saturday, January 1 3:08 AM SGT

Minor faults strike two Japanese nuclear plants at dawn of 2000

TOKYO, Jan 1 (AFP) -

Minor faults struck two nuclear power plants in Japan seconds after the clock ticked into 2000 on Saturday but no danger was reported, officials said.

Government and company officials launched investigations into whether the glitches were related to the millennium bug, which caused few other problems in Japan.

If a connection is proved, they would be the first cases of the millennium bug striking nuclear plants.

A system to monitor radiation levels malfunctioned at a nuclear plant in Ishikawa, central Japan, immediately after the turn of the year, officials said.

"Two of the five monitoring computers have stopped displaying data," said Takashi Minami, a local government official at Ishikawa prefecture which operates the detection system.

"There is a possibility that this is related to the 2000 computer problem," Minami conceded, insisting however that the system worked in other ways and there was no danger.

"Our preparation might not have been good enough," he added.

And an alarm sounded for 10 minutes at another nuclear power plant in Onagawa, northern Japan, just two minutes after midnight, indicating a problem with a guage to measure sea water problems.

The alarm showed a defect with a calculator which measures the temperature of seawater before it is used as a coolant at the plant run by Tohoku Electric Power Co., a company official said.

"The alarm went off only once, and it has not resumed. This will not directly affect nuclear plant operations. We are investigating the case," Kanichiro Kobiyama, a spokesman for the plant, told AFP.

"We are not sure if it is related to the 2000 computer problem."

Takashi Ichinomiya, an official at the Ministry of International Trade and Industry working on the millennium bug, said he was investigating the incident.

But "there were no concrete problems, no danger and we have no plan to shut down the plant," he added.

Fears about nuclear power have increased in Japan since September 30 when three workers at a uranium processing plant in Tokaimura, northeast of Tokyo, set off the world's worst nuclear disaster since Chernobyl in 1986.

They triggered a critical reaction that exposed at least 126 people to radiation and forced more than 320,000 to shelter at home for more than a day. The worst affected worker, 35-year-old Hisashi Ouchi, died December 22.

Fifty minutes into the new millennium, Prime Minister Keizo Obuchi addressed the nation on television declaring that "fortunately, we have not heard of any situation affecting people's lives."

Two million state and corporate officials were on guard around the country against the bug and many people had followed government advice to stock up with three days' worth of food and water just in case.

"We have not monitored any major problem," said a spokesman for Tokyo Electric Power Co. Ltd.

JR East, the eastern Japan railway network with the world's heaviest passenger load, stopped trains for a few minutes over midnight but reported no problem in restarting.

A spokesman for Tokyo-Narita airport, Japan's main international gateway, also reported no trouble.

Fifty thousand people meanwhile packed the grounds of the timber Zojo Buddhist temple in central Tokyo with 3,000 people releasing transparent balloons at the stroke of midnight.

Monks in robes intoned Buddhist chants and swung a wooden beam by ropes to strike a five-meter (16-foot) high bronze bell, housed in the temple grounds. The bell was struck 109 times to bring in the New Year.

YGM (12/31/99; 14:00:18MDT - Msg ID:21908)
From "Robert Service" Gold Rush Balladeer....
Happy 2000 Friends.....
THE WORLD'S ALL RIGHT

Be honest, kindly, simple, true;
Seek good in all, scorn hut pretence;
Whatever sorrow come to you,
Relieve in Life's Beneficence! The World's all right; serene I sit,
And cease to puzzle over it.
There's much that's mighty strange, no doubt;
But Nature knows what she's about;
And in a million years or so
We'll know more than to-day we know.
Old Evolution's under way-
             What ho! the World's all right, I say.

Could things be other than they are?
All's in its place, from mote to star.
The thistledown that flits and flies
Could drift no hair-breadth otherwise.
What is, must be; with rhythmic laws
All Nature chimes, Effect and Cause.
The sand-grain and the sun obey-
             What ho! the World's all right, I say.

Just try to get the Cosmic touch,
The sense that "you" don't matter much.
A million stars are in the sky;
A million planets plunge and die;
A million million men are sped;
A million million wait ahead.
Each plays his part and has his day-
             What ho! the World's all right, I say.

Just try to get the Chemic view:
A million million lives made "you."
In lives a million you will be
Immortal down Eternity;
Immortal on this earth to range,
With never death, but ever change.
You always were, and will be aye-
             What ho! the World's all right, I say.

Be glad! And do not blindly grope
For Truth that lies beyond our scope:
A sober plot informeth all
Of Life's uproarious carnival.
Your day is such a little one,
A gnat that lives from sun to sun;
Yet gnat and you have parts to play-
             What ho! the World's all right, I say.

And though it's written from the start,
Just act your best your little part.
Just be as happy as you can,
And serve your kind, and die-a man.
Just live the good that in you lies,
And seek no guerdon of the skies;
Just make your Heaven here, to-day-
             What ho! the World's all right, I say.

Remember! in Creation's swing
The Race and not the man's the thing.
There's battle, murder, sudden death,
And pestilence, with poisoned breath.
Yet quick forgotten are such woes;
On, on the stream of Being flows.
Truth, Beauty, Love uphold their sway--
             What ho! the World's all right, I say.

The World's all right; serene I sit,
And joy that I am part of it;
And put my trust in Nature's plan,
And try to aid her all I can;
Content to pass, if in my place
I've served the uplift of the Race.
Truth! Beauty! Love! 0 Radiant Day-
             What ho! the World's all right, I say.

Netking (12/31/99; 13:55:29MDT - Msg ID:21907)
Most important development in the gold market in '99...
Now that PH in LA is keeping those missles away & NZ/Aussy have kicked Y2K away for touch...it's back to business as usual(I hope).

KAPLAN'S CORNER: QUESTION (Friday December 31): What was the most important development for the gold market in 1999?
ANSWER: Just as the long-term bottom in the XAU at 48.67 was the most important development for the gold market in 1998, the long-term bottom in the gold price itself at $252 spot while the XAU held at much higher levels (a strongly positive historic divergence) was the most important development in the gold market in the past year. The shift away from hard assets into paper assets has thus come full circle from an exactly inverted position two decades ago.
Expect the next decade to see a reversal as paper assets are gradually sold to accumulate hard assets. The biggest losers of the next decade are likely to be speculative high-tech stocks that never have any earnings. The biggest winners will be shares of mining companies that have the strongest increases in their positive earnings.

PH in LA (12/31/99; 13:04:21MDT - Msg ID:21906)
Nuclear War Update from Los Angeles, CA (USA)
"Nuclear World War less than 7 hours away!" The Invisible Hand (12/31/99; 7:16:55MDT - Msg ID:21891)

Break//break//

Surprise! No nuclear war so far here in Los Angeles. No mushroom clouds visible in any direction.

Will keep everyone informed from here. Perhaps others would be so good as to report in from around the world as the day goes on.

PH in LA // Over and out!



PS. Happy New Year!

Peter Asher (12/31/99; 12:59:32MDT - Msg ID:21905)
Al and All
Greewich Mean Time
Heard that Unix systems around the world are set for this, with a secondary clock for the local time zone. What else???

Midnight Greenwich, may be the most crtical moment of day one. ---Allmost there!!!

Netking (12/31/99; 12:37:27MDT - Msg ID:21904)
New Zealand...
http://7am.com/2000/
As you can see from the link above all systems have a 100% clean bill of health from the beginning of January 1st. In addition banks have reported all data & records are intact. EFTPOS, electronic transactions & money machines are all fully operational. The power is on, petrol is pumping, water is flowing & the sunrise was awesome...have a great Y2K all!

Peter Asher (12/31/99; 12:08:05MDT - Msg ID:21903)
Dont't Forget
The real Economic Y2K test, is Monday, when all the businesses of the world boot up, Then we will be full bore on internal and global connectivity and the reliance on stored information will be in play.

Got Printouts?

Peter Asher (12/31/99; 12:00:19MDT - Msg ID:21902)
Steve H and all
Robin told me last night, when we were discussing your 2nd amendment posts, that (I think it was) Benjamin Franklin said,

"When people are afraid of the Government, you have Tyranny, When the Government is afraid of the people, you have democracy."

Peter Asher (12/31/99; 11:51:22MDT - Msg ID:21901)
Elevator guy
One of my favorite quotes from RFK attributed to dialogue in a GB Shaw novel:

" Most people look at things that are, and say 'why?' I Dream of things that never were, and say 'Why not'."

Peter Asher (12/31/99; 11:45:50MDT - Msg ID:21900)
Well, He sounds good, But many do.
http://asia.dailynews.yahoo.com/headlines/world/article.html?s=asia/headlines/991231/world/afp/Putin_rocked_Russians_with_ruthlessness.html
"Russia is never going to be another USA or England, where liberal values have deep historic roots," Putin asserted.

"It is a fact that in Russia the attraction to a collective way of life has always been stronger than the desire for individualism."

At the same time, though, the country and its people understand better than many the dangers that a government -- particularly
an executive branch -- endowed with excessive power can pose to people's freedom, he said.

"The global experience prompts the conclusion that the main threat to human rights and freedoms, to democracy as such,
emanates from the executive authority," Putin wrote.

"The state must be where and as needed; freedom must be where and as required."


Goldfly (12/31/99; 11:36:58MDT - Msg ID:21899)
Townie.....
Do you have, can you make, or can you post a link to a chart or spreadsheet showing the how much reserves the Fed has been adding? Especially lately, but over the long term too?



Goldy Locks Guy (12/31/99; 11:24:26MDT - Msg ID:21898)
(No Subject)
Hi guys....My broker just told me that Boris Yeltsin DIED last night....it he wrong??? I've read all the news about him resigning, but did he later die in the evening or something? I would expect that this kind of news would have surfaced by now, but also, my broker isn't known for being wrong about such things.......

In either case, is there any comments on what this will do for platinum shipments? Could it help or hurt?

Thanks....goldilocks guy

Goldy Locks Guy (12/31/99; 11:23:25MDT - Msg ID:21897)
Yeltsin dies???
Hi guys....My broker just told me that Boris Yeltsin DIED last night....it he wrong??? I've read all the news about him resigning, but did he later die in the evening or something? I would expect that this kind of news would have surfaced by now, but also, my broker isn't known for being wrong about such things.......

In either case, is there any comments on what this will do for platinum shipments? Could it help or hurt?

Thanks....goldilocks guy


Goldy Locks Guy (12/31/99; 11:23:12MDT - Msg ID:21896)
Yeltsin dies???
Hi guys....My broker just told me that Boris Yeltsin DIED last night....it he wrong??? I've read all the news about him resigning, but did he later die in the evening or something? I would expect that this kind of news would have surfaced by now, but also, my broker isn't known for being wrong about such things.......

In either case, is there any comments on what this will do for platinum shipments? Could it help or hurt?

Thanks....goldilocks guy


TownCrier (12/31/99; 11:22:10MDT - Msg ID:21895)
$15.6 billion in new money created for the banks
http://biz.yahoo.com/rf/991231/in.html
The Fed used weekend repurchase agreements totaling $15.6 billion to add yet more reserves on top of the billions of forward RPs now taking effect that were arranged earlier this month.

A single operation of $15.6 billion. Wow!

Journeyman (12/31/99; 10:05:50MDT - Msg ID:21894)
For what it's worth ....

A good friend and impeccable source became friends with a
fellow earlier this year. The guy recently revealed he works
in the upper echelons of the Comptroller of the Currency and
claims to be in charge of Y2K remediation, working closely
with Greenspan. My friend doesn't impress easily, nor does
he exploit his friendships. But when I explained my concerns
over the banking interlinks and the effects they would have
should they crash, he said he'd ask his new friend, "Is
there anything I should do to to protect my family?"

In response, the Comptroller friend told him he himself
wasn't doing anything, not even taking any extra cash out of
the bank.

Of course, folks have been known to exaggerate their own
importance to their friends. And bureaucrats have been known
to be incorrect, etc.

So far, however, as far as I can tell, Y2K has come in as a
lamb. Remember, however, it's the first three months, not
just the first day, that will tell the full tale.

Regards,
Journeyman

Cavan Man (12/31/99; 9:49:55MDT - Msg ID:21893)
On Y2K
Here in St. Louis this AM, we are watching Cinderella. All is quiet at banks, gas stations and grocery stores; situation normal. Undoubtedly, we have one of the better zoological parks in North America. We'll spend a beautiful day there.

Although preparation on this end has been comprehensive and a bit of an expense, I have no doubt the purchases we have made were wise considering our proximity to the New Madrid fault and the propensity of tectonic shifting as of late. To be prepared and to safeguard the ones you love is to be a good citizen of the USA.

I never thought Y2K was one of the many reasons to own gold. I have not purchased any gold because of it.

I wonder if anyone here could list the many reasons for gold ownership sans Y2K. No doubt, there will still be many reasons to own gold in 2000.

Thank you MK for making me the goldbug I am today. I am eternally grateful.

To all.....Happy New Year....CM

USAGOLD (12/31/99; 9:37:35MDT - Msg ID:21892)
Today's Gold Market Report: Clear Sailing So Far
Market Report (12/31/99): New Zealand reports Y2K turnover without a
hitch, according to FWN. No reported problems thus far with electrical
generation, telephone service, or air systems in Wellington, Auckland or
or Christchurch. AP reports officials will be watching China, Russia and
Eastern Europe closely for problems. Russia's Yeltsin resigned
unexpectedly on New Year's Eve beggin the Russian people's "forgiveness
for your dreams that never came true." Russia's attempt at a market
economy has been undermined by corruption in both the political and
business sectors making most of Yeltsin's reign a study in futility and
economic chaos. Elections have been set for March, 2000. The popular
Vladmir Putin took control of the government immediately. We will be
watching the situation in Russia closely. Political transitions in
Russian have rarely been smooth. Keep in mind that it was the threat of
default on its international loans a little over a year ago that put a
major strain on the world's financial centers and international banks.

The gold market is closed today.

We would like to wish everyone a Happy and Golden New Year.

The Invisible Hand (12/31/99; 7:16:55MDT - Msg ID:21891)
Nuclear World War less than 7 hours away!
http://news.bbc.co.uk/hi/english/world/europe/newsid_584000/584727.stm
snip
President Yeltsin has handed over the "nuclear briefcase", which contains the codes controlling Russia nuclear weapons, to Mr Putin.


elevator guy (12/31/99; 7:16:17MDT - Msg ID:21890)
@Peter Asher, msg id #21883
I wish I could say that I ever knew how to calculate it.

But your seat of the pants reasoning tells you that 600 MPH is not enough. Even after saying that last sentence, it occurs to me that the frame of reference I am using has to do with the land speed records set at Bonneville salt flats. (And also considering the thrust needed by the shuttle and the Apollo missions) Those cars go fast enough to lift off the track, but its not because of centrifugal force, but rather drag/lift dynamics with the incident wind. I think it would take speeds in the neighborhood of a several thousand miles per hour, in order for a vehicle to experience lift, due the centrifugal force, given the very gentle curvature of the Earth. Keep in mind that when we stand at the Equator, we are traveling through space at 1000 MPH, and no one reports feeling any lighter when traveling there. (Unless they've been smoking some local herbs) Which is not to say that the force doesn't exist, it most certainly does, but it is very minute.

And if not for this example, of the salt flats, I'm not sure I would be able to debunk flying trains, seeing how I would have no frame of reference.

And so you are right, if you say that we, as (almost), 21st century men and women, have reasoning powers largely built upon precedents, owing more to things that have gone before, and less to general all-around savvy of the physical universe.

Many inventions owe credit to the study of certain phenomenon, such as magnetism, radio waves, coherent light, radioactivity, etc, that have no practical application when they are first discovered. They are merely curiosities, studied by a strange sort, who are dismissed by the masses as dreamers, wasting their lives in futile pursuits.

Imagine how it would be in a primitive culture, (Not "evolutionary", but just backward and primitive)where the family or group is out tilling the ground, or hunting for food, and one member of the group finds two funny red rocks, that seem to stick together, and he is obssesed with the phenomenon. I can just hear the group leader say "Put those silly rocks down, quit dreaming, and get back to your plow"
But as soon as a laser, or microwave, or radio, etc, etc, etc, is invented, and the application found, a discovery of natural phenomenon becomes an invention, the invention finds worthwhile use, is distributed to the public at large, and is universally accepted as a neccessary part of life.

Those who dreamed of things that were not yet, were scorned and ridiculed. After thier efforts were brought to fruition, the masses simply say "of course, we knew it all along" So observation of natural phenomenon, and dreaming of things that as yet are not, is the first step in discovery, and has to happen before the next step of becoming reality, and such dreaming is the force which propels us into the future. And if this be true, then it could be said that there are two types of people, (here we go again with the devisive "two types of people" analogy again)(If this analogy held true every time it is used, there would certainly be thousands of types of people by now) But permit me to continue. On the one hand, we have those who look at extant civilization, and dream of something better, and on the other hand, we have those who simply bumble and stumble through life, not looking for a better way, not really interested in natural phenomenon, nor inclined to improve the way things are.

And as we stare out into the vaccum of space, we peer into the unknown, and have the same feeling of awe and wonder that those at the turn of the last century had. Actually, we still stand where they stood, on the verge of great advancements and discoveries, should the Lord tarry.

It seems that even standing on the moon has improved our perspective of infinity not one wit, anymore than the improved perspective a frog gets, after jumping from one lilly pad to the next. Its an awful big swamp!

But jump we must.

I am sick today, and my head is swimming with dizzyness. So please excuse me if I digress off topic.

Go gold, go GATA, There, can I stay?

THX-1138 (12/31/99; 7:10:03MDT - Msg ID:21889)
Boris resignation
I wonder what effect Boris Yeltsin's resignation will have on the markets, and gold?
Next week may be more interesting than I thought.

Mr Gresham (12/31/99; 5:14:56MDT - Msg ID:21888)
Liquidity
http://www.trimtabs.com/dects.shtml
Trimtabs Dec. 27 report asks the question (after some good overall calculations): Where Will the More Than $37 Billion of New Cash Come From To Stop A Market Collapse?

I'd happened across this site before and wandered away before saving it -- the theory is that stock market levels are coincident with liquidity levels, and if you identify the trends contributing to liquidity, you've got a pretty good predictor of when things will turn.



YGM (12/31/99; 4:25:34MDT - Msg ID:21887)
Peter....
The Devil Deals In Paper..& The River's on the Rise...
"If we don't give him shelter, He'll have no place to hide"...apologies to Hoyt.....YGM
.......Y2Kineteic Gold.....
"From bleachers to Centre Stage in a NY Minute"

YGM (12/31/99; 4:11:47MDT - Msg ID:21886)
Strange Timing.....
Does Putin Like Gold??? Does He Like Anything??? Power? Buttons?
XXXXX DRUDGE REPORT XXXXX URGENT XXXXX

FLASH--YELTSIN RESIGNS. PUTIN TO ACT AS PRESIDENT. - 9:20 UTC

X X X X X

ELECTIONS IN RUSSIA WILL BE HELD ON MARCH 27, 2000. - 9:37 UTC

X X X X X

Friday December 31, 9:53 AM UTC

President Yeltsin resigns from his post.

MOSCOW, December 31 (Itar-Tass) - President Boris Yeltsin has declared on Friday that he resigns from the post of the Russian president. Yeltsin announced his resignation in his speech on television shortly after noon Friday.

"Today, on the last day of the outgoing century, I resign," Yeltsin said.

Yeltsin declared that he turns over the presidential powers to Prime Minister Vladimir Putin.

Vladimir Putin has been in the Kremlin now where he met Boris Yeltsin on Friday morning.

The new status of the prime minister will be followed by a change in the work schedule of the prime minister for the next few days.

While performing the presidential duties Putin will likely continue work in his office in the building of the Russian government, rather than in the Kremlin.

"I am going," Yeltsin said in a televised address. "I did all I could."

Yeltsin appealed to Russians to forgive him for what he said had been the errors of his administration. It was a highly unusual admission from a leader who rarely admitted mistakes and always insisted that his policies were correct.

"I want to beg forgiveness for your dreams that never came true. And also I would like to beg forgiveness not to have justified your hopes," he said.

"I shouldn't be in the way of the natural course of history. To cling to power for another six months when the country has a strong person worthy of becoming president why should I stand in his way? Why should I wait? It's not in my character."

Yeltsin said: " I am going. I am going earlier than my established time."

He added that Russia needs new political leaders to lead it into the new century.

-----------------------------------------------------------
Filed by Matt Drudge
Reports are moved when circumstances warrant
http://www.drudgereport.com for updates
(c)DRUDGE REPORT 1999
Not for reproduction without permission of the author

Peter Asher (12/31/99; 1:27:16MDT - Msg ID:21885)
Gandalf! more mail. -- Anybody staying up for
NEW ZEALAND?? I feel like a kid who can't sleep on Chistmas ev, OR more like that famous photographer who radioed, seconds before Mt. St. Helens took his life, "Vancouver, this is it"

SHIFTY (12/31/99; 1:19:36MDT - Msg ID:21884)
(No Subject)
Just want to wish all a happy new year !!!




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