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ARCHIVED DISCUSSION FROM 9/6/2000 All times are U.S. Mountain Time (Yesterday's Discussion.) Aristotle (09/06/00; 23:41:58MT - usagold.com msg#: 36172) Actually, 714, rather than asking I tried to explain how and why POG is stagnating. In my mind there is no mystery whatsoever as to the reason Gold is low in price. What have you to say about the reason I gave?You brought up other points entirely, which may certainly play a (lesser) factor, so let's discuss some of your points suggesting the reasons why you believe it to be stagnating--714--"As our fellow poster, oldgold, pointed out yesterday, lease rates continue to be very low."OK, those lease rates certainly factor into the mathematical equation that derives spot prices from futures prices, but they don't explain why futures prices are low. It wouldn't hurt to evaluate which aspects are ultimate causes, and which aspects are merely effects. We sure don't want to take our lead from the downstream processes. And on this issue of Gold lease rates, people might want to consider whether these rates are to this day determined by the marketplace (such as we basically see in the 30-year bond market), or are they more of a contrivance such as we see with the Fed's Discount Rate or Fed Funds Target rate.714--"Combine that with ongoing dishoarding central banks that could go on for years."??? It seems to me that new mining contributes much more to the annual supply than does CB sales. And of the small volume of CB "sales" that does occur, how much of this goes beyond a CB-to-CB transfer? How much (or should I say little?) actually is dishorded from the global CB reserve/monetary system to enter the private market? Not enough to worry about.714--"In fact, it seems as if the Washington Agreement is a bit disingenious, yes?"Respectfully, I say no. How can the argument be countered that suggests that the 15 CBs didn't HAVE TO make this agreement at all? They not only provided heretofore unprecedented transparency to their intentions regarding Gold reallocations, they also unequivocally stated that Gold would remain an important monetary asset, lest there be any doubt. On what point do you feel the 15 CBs have acted counter to their agreement?714--"And with the pathetic lack of interest in gold by investors, these factors combine to mire gold below $300 US."???? The quarterly Gold Demand Trends reports have consistently shown for the past couple years since the Asian Contagion wipeout that real Gold demand is at all-time record levels, and is greatly in excess of annual production. The shortfall is obviously made up through the wonders of bullion banking, through the extremely limited outright dishording of official reserves, industrial reycycling, and through the flow of private Gold holdings from the weak hands into the strong. In my mind, there is nothing pathetic about record demand.Gold. Get you some. The Sun is setting on the paper Gold system. ---Aristotle megatron (09/06/00; 23:01:44MT - usagold.com msg#: 36171) bill murphy renumeration I think they should carve his head into the side of Mount Rushmore. Knowing Clinton, he'll more likely get his head 'caved' in. JMB (09/06/00; 22:47:42MT - usagold.com msg#: 36170) I should say... ...on our behalf. How can we help? Maybe we should discuss this. JMB (09/06/00; 22:36:18MT - usagold.com msg#: 36169) BILL MURPHY Mr. Murphy is now referring to the XAU as the "Gold and Copper Index". I'm sure glad to see that he has not lost his sense of humor. How can we ever thank this fine gentleman for his efforts on our part?Luv ya Bill! 714 (09/06/00; 22:29:01MT - usagold.com msg#: 36168) Aristotle... ...why is POG stagnating, you ask?As our fellow poster, oldgold, pointed out yesterday, lease rates continue to be very low. Combine that with ongoing dishoarding central banks that could go on for years. In fact, it seems as if the Washington Agreement is a bit disingenious, yes? And with the pathetic lack of interest in gold by investors, these factors combine to mire gold below $300 US.Reality is not very pretty, yes? schippi (09/06/00; 21:42:26MT - usagold.com msg#: 36167) POG and Sunspot activity http://www.SelectSectors.com/sunspot.jpg For those of you who do not believe Sunspot activity is inversely correlated with the POG; I dare you to click on the above URL ( Smile ) Shermag (09/06/00; 21:36:19MT - usagold.com msg#: 36166) Lamprey, Canada's dwindling gold reserves You said:"Canada only has less than 40 tons of gold in its reserves?!A major gold producer and the country is holding less than 100 tons in the vault...very sad."Yes, very sad indeed for a Canadian like myself. You are correct on the amount remaining of our paltry reserves. It is the stated policy of our CB that the U.S. doller will be the primary reserve held. Unfortunately, the disposition of our gold reserves is only one example of how we Canadians (actually, I refuse to accept any of the blame) have squandered an enormous opportunity, given the heritage of a stable and effective rule of law, and abundant natural resources.I have simply resolved myself to protect my future by the acquisition of some of those discarded reserves.Gold. Got me some. Shermag Canuck (09/06/00; 21:28:34MT - usagold.com msg#: 36165) @ Lamprey_65 I think your statement may answer your question."A major gold producer and the country is holding less than 100 tons in the vault".I've often wondered why we (Canada) have so little reserve but maybe we can 'drum' it up in a hurry.Second, a commodity rich country ie: lumber, base metals, energy, etc. has high revenues during times of inflated prices. Thus the rise in the TSE300; best gaining index on the planet if I may be allowed to boast for a moment.Third, everybodies currency is higher than ours (ha,ha) so exports are cheap. Maybe this thought bears on the Euro debate?Canuck. TheStranger (09/06/00; 21:27:20MT - usagold.com msg#: 36164) (No Subject) Off With Her Head! As far as the U.S. Government is concerned, there is no inflation (and there won't be any either until after the election). Apparently oblivious that oil prices have already tripled in the past 18 months (they are still hitting new highs just about every week) a compliant treasury market blithely goes along for the ride.Boy, what a rude awakening those chirpy bond traders have got coming.Supposedly, the Fed has engineered a soft landing. Yet, with unemployment still near 4%, and the trade deficit regularly exceeding $30 billion/mo., now comes word that America's savings rate has just hit a new all time low, -.2%. Is this the stuff of soft landings? Just last week, it was reported that new-home sales exploded 14.7% in July, the biggest single month increase in 7 years.Yes, I know: Inflation is not just an economic phenomenon. It is also a psychological one. Nonetheless, sooner or later (sooner, I should think), all the wishful thinking and the statistical manipulation must give way to reality.Prediction: In the days ahead, gold will rise as more and more people begin to reject the spurious claims of those who have said inflation was dead. Labor Secretary, and chief Clinton propagandist, Alexis Herman will be dragged off to the guillotine. At the very end, she will be heard screaming to an angry public, "Who are you going to believe, dammit, me or your own lying eyes?"***** Having just taken a long motorcycle journey, I have been mostly incommunicado, of late. I had a marvelous time, yet I am delighted to be back at hearth, home and Forum. I am sorry to have missed so much of the wisdom that regularly graces these pages. I am sure there will be gaps in my knowledge for awhile as a result. Still, I note the POG has hardly moved a whit in my absence. The POO, of course, is another story. How long can the one continue to rise without pushing up the other? Not long, if you ask me.Meanwhile, thanks to M.K., canamami, Peter Asher, Shifty, Leigh, Cobra, Cavan Man and anyone else who may have noticed my absence. Once and for all, I have proven to myself that friends are very important in this life and also that, given a choice, two wheels are almost always better than four.Cheers! Canuck (09/06/00; 21:08:29MT - usagold.com msg#: 36163) Oh My!! CRB closing in on 230; crude +35 big ones; heating oil hits a buck.-----------------------------------------------------------Bridge/CRB Current QuotesOther Futures Markets Bridge/CRB Index Page snapshot Wed 06 Sep 2000 23:07 ET Description Last Change Percent Change Bridge CRB Index 229.65 -0.09 -0.04 % Bridge CRB Futures Price Index 227.5 -0.25 -0.11 % Energies Description Last Change Percent Change Crude Oil 35.06 +0.16 +0.46 % Heating Oil 1 +0.0034 +0.34 % Unleaded Gasoline 0.997 -0.001 -0.1 % Natural Gas 5.021 -0.05 -0.99 megatron (09/06/00; 21:05:41MT - usagold.com msg#: 36162) topaz/lamprey Topaz:Great book, but Ayn Rand always did have a soft spot for lying scumbags like Greenspan. Why a precision-grade thinker like her would allow a two-faced stalinist-esquepuppet like him to destroy her beautiful writing is beyond me.Lamprey:If you arn't familiar with your 'commie' friends to the north, I'll let you in on a secret. We are BROKE!!! Why does a country that claims to have a budget surplus of billions sell 60,000 measly ounces? To support the banks that literally own this country. Full stop. Rockgrabber (09/06/00; 20:58:03MT - usagold.com msg#: 36161) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. BUT, I CAN PROVIDE A ROAD MAP TO "SUCCESS" THAT VEERS FAR AWAY FROM ACQUISITION. STAYING FAR AWAY FROM PREACHING, I COME A TEACHING. I'VE SPENT MY LIFE REACHING, LIKE A WHALE BREACHING, I CAN SEE THE SPLASH MY OWN BODY MAKES. RIDE MY WAVE. O' LOVE. FIND IT IN YOUR MIND TO FOCUS! GOLD OR MOLD, THE WORTH IS IRRELEVANT. YOUR SOUL IS NOT FOR SALE. BUT IT CAN BE REPOSSESED. BUTT OUT . STAY TUNED ....YOU CAN'T FEEL THE STORM IF YOUR MIND IS IN THE SAFE. I GOT AN IDEA. FEEL THE NEED FOR THE RESTORATION OF NATURAL PROCESSES. FARM LATELY? GOT THE ABILITY? NO AGILITY, LEAVES YOU STIFF. KINDA LIKE A WAD OF GOLD. PROFIT SHARKS EAT EACHOTHER. FLESH EATERS. I LIKE STEAK , BUT WHAT IS AT STAKE HERE IS YOUR POWER TO FOCUS ON CONSTANT AND NEVER ENDING FERTILIZATION OF THE GOOD THINGS....NEED I EXPLAIN. WE NEED FOCUS. NOT ON MONETARY YIELD, INSTEAD SEE THE NEED TO KEEP THE GOD GIVEN AIR CLEAN AS YOUR PORTFOLIO, ASS. Goldfly (09/06/00; 20:55:43MT - usagold.com msg#: 36160) Yessssssssss...... Rockgrabber...... You are living proof! Pay your exorcist.... or get repossesed! Rockgrabber (09/06/00; 20:55:07MT - usagold.com msg#: 36159) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. BUT, I CAN PROVIDE A ROAD MAP TO "SUCCESS" THAT VEERS FAR AWAY FROM ACQUISITION. STAYING FAR AWAY FROM PREACHING, I COME A TEACHING. I'VE SPENT MY LIFE REACHING, LIKE A WHALE BREACHING, I CAN SEE THE SPLASH MY OWN BODY MAKES. RIDE MY WAVE. O' LOVE. FIND IT IN YOUR MIND TO FOCUS! GOLD OR MOLD, THE WORTH IS IRRELEVANT. YOUR SOUL IS NOT FOR SALE. BUT IT CAN BE REPOSSESED. BUTT OUT . STAY TUNED ....YOU CAN'T FEEL THE STORM IF YOUR MIND IS IN THE SAFE. I GOT AN IDEA. FEEL THE NEED FOR THE RESTORATION OF NATURAL PROCESSES. FARM LATELY? GOT THE ABILITY? NO AGILITY, LEAVES YOU STIFF. KINDA LIKE A WAD OF GOLD. Rockgrabber (09/06/00; 20:51:25MT - usagold.com msg#: 36158) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. BUT, I CAN PROVIDE A ROAD MAP TO "SUCCESS" THAT VEERS FAR AWAY FROM ACQUISITION. STAYING FAR AWAY FROM PREACHING, I CAOME A TEACHING. I'VE SPENT MY LIFE REACHING, LIKE A WHALE BREACHING, I CAN SEE THE SPLASH MY OWN BODY MAKES. RIDE MY WAVE. O' LOVE. FIND IT IN YOUR M,IND TO FOCUS! GOLD OR MOLD, THE WORTH IS IRRELEVANT. YOUR SOUL IS NOT FOR SALE. BUT IT CAN BE REPOSSESED. Rockgrabber (09/06/00; 20:51:24MT - usagold.com msg#: 36157) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. BUT, I CAN PROVIDE A ROAD MAP TO "SUCCESS" THAT VEERS FAR AWAY FROM ACQUISITION. STAYING FAR AWAY FROM PREACHING, I CAOME A TEACHING. I'VE SPENT MY LIFE REACHING, LIKE A WHALE BREACHING, I CAN SEE THE SPLASH MY OWN BODY MAKES. RIDE MY WAVE. O' LOVE. FIND IT IN YOUR M,IND TO FOCUS! GOLD OR MOLD, THE WORTH IS IRRELEVANT. YOUR SOUL IS NOT FOR SALE. BUT IT CAN BE REPOSSESED. Rockgrabber (09/06/00; 20:51:23MT - usagold.com msg#: 36156) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. BUT, I CAN PROVIDE A ROAD MAP TO "SUCCESS" THAT VEERS FAR AWAY FROM ACQUISITION. STAYING FAR AWAY FROM PREACHING, I CAOME A TEACHING. I'VE SPENT MY LIFE REACHING, LIKE A WHALE BREACHING, I CAN SEE THE SPLASH MY OWN BODY MAKES. RIDE MY WAVE. O' LOVE. FIND IT IN YOUR M,IND TO FOCUS! GOLD OR MOLD, THE WORTH IS IRRELEVANT. YOUR SOUL IS NOT FOR SALE. BUT IT CAN BE REPOSSESED. Rockgrabber (09/06/00; 20:51:21MT - usagold.com msg#: 36155) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. BUT, I CAN PROVIDE A ROAD MAP TO "SUCCESS" THAT VEERS FAR AWAY FROM ACQUISITION. STAYING FAR AWAY FROM PREACHING, I CAOME A TEACHING. I'VE SPENT MY LIFE REACHING, LIKE A WHALE BREACHING, I CAN SEE THE SPLASH MY OWN BODY MAKES. RIDE MY WAVE. O' LOVE. FIND IT IN YOUR M,IND TO FOCUS! GOLD OR MOLD, THE WORTH IS IRRELEVANT. YOUR SOUL IS NOT FOR SALE. BUT IT CAN BE REPOSSESED. Rockgrabber (09/06/00; 20:49:19MT - usagold.com msg#: 36154) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. BUT, I CAN PROVIDE A ROAD MAP TO "SUCCESS" THAT VEERS FAR AWAY FROM ACQUISITION. Rockgrabber (09/06/00; 20:46:49MT - usagold.com msg#: 36153) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. I CAN PROVIDE A ROAD MAP TO "SUCCESS". Rockgrabber (09/06/00; 20:46:47MT - usagold.com msg#: 36152) moer insight to a bright furture AS AN AFFILIATE OF THE ROCKGRABBER CLAN, I FEEL COMPELLED TO THROW IN MY 2 CENTS. ALOHA TO THE IDEA OF MONEY. I CAN PROVIDE A ROAD MAP TO "SUCCESS". R Powell (09/06/00; 20:35:26MT - usagold.com msg#: 36151) Dollar and Gold together? Mr. 714 reminds (36141) us that Another predicted the dollar's rise during currency wars. Did he not also speculate that both the dollar and POG could rise together. I always had trouble with that until recently when I began thinking of the dollar, not as stronger, but as stronger on the currency exchange table. If rising oil prices effect the global economy, might the dollar not gain against other currencies even while the whole world economy blows up and POG skyrockets? Is this what Another was refering to? Aristotle (09/06/00; 20:34:12MT - usagold.com msg#: 36150) Here's one for you, Cavan Man. My longish thoughts seem to be making very little headway in leaving a lasting impression in answering the oft' repeated question, "Why isn't the price of Gold rising?" They are either ineffective or incorrect, and therefore the question is asked again and again in search of a valid answer. In the event that my proffered explanations are ignored because the general impression is that they are NOT the correct, I encourage anyone and everyone to please promptly set me straight on the path to a keener understanding.I'm inclined to think I'm not being met with objections because my position is fundamentally sound, but that I'm failing to provide a suitable and lasting answer to this question because my delivery needs to be reduced to a standard media soundbite. So here it is, in response to the question and consternation that you've articulated on behalf of the free world for hopefully the last time--to be promptly followed by a Gold rush as a million cartoon lightbulbs illuminate over heads. Everyone wants to know--"Why isn't gold moving? POG is defying every historical precedent where, fundamentals should dictate AT LEAST A MODEST RISE."IN A NUTSHELL (my own cranium?):Physical Gold is flying under the radar.It has been the issue and trading of paper Gold that has called the tune.It is this paper Gold that is being "priced" by the markets.The POG that you see falling is actually a representation of the falling price of paper Gold.So then, why is the market price of paper Gold in decline?It is falling for the same reason that we have seen ALL national currencies lose value over time--through a combination of 1) inflation of the paper supply, and 2) through dwindling confidence in the paper.To be sure, it is not confidence in physical Gold that is slipping, but is rather a failing of confidence in the inflated supply of paper Gold that is at this time calling the tune and being reflectively priced into Gold by the structure of the marketplace.Just as it always has before, complete failure of the paper equivalency awaits. The paper portion dies, and only the physical Gold remains to deliver your wealth to the other side.In a nutshell's nutshell: The price of Gold is falling because we are witnessing the end days of the timeline/lifespan of a "currency system" known as Paper Gold. I expect considerable volatility until the "bitter end." (If you can in fact call something "bitter" that ushers in the dawn of a new Golden day.)Gold. Get you some. ---Aristotle jinx44 (09/06/00; 20:30:20MT - usagold.com msg#: 36149) What's in it for the EU??? I wonder if the EU has an ulterior motive with letting the euro fall as it has. I know it is fallacious to assume that a government works as anything but a kakistocracy, however, lets say they could force a move into the euro by letting it fall and then, perhaps, trapping a group of targeted shorts, force some kind of settlement? Is there a gold angle here too? Do they want to break a Soros-type trading entity and focus attention on the euro? How could a low euro get the attention of the ME oil producers? Are they buying gold with cheap euros as an incentive to "go euro"? Any Europeans here have an opinion?? Aristotle (09/06/00; 19:35:54MT - usagold.com msg#: 36148) Good thoughts, Rockgrabber. I largely agree with you. It's all about "keepin' it real," isn't it? I especially liked your comment-- "Anything clothed in deception is destined to fail. It just takes time..." The same thing can be said for policies and operations built on unstable principles or theories. But I'll tell you this: any timeframe of false reality built on deception or bad policy that happens to also offer me such cheap opportunities to acquire a mountain of Gold for the eventual reality check certainly makes it easier on me to bide my time and endure the lengthy process of inevitable correction. And as dollar-earning Americans, we should not only be thankful for the present opportunity, but we should also not delude ourselves into believing that the world "owes" us this kind of favor. It can't last forever, and the euro-introduction is the writing on the wall. In terms of real income, Gold is nowhere in the world so easily obtained as it is right here, right now.Gold. Get you some. ---Aristotle Cavan Man (09/06/00; 19:29:56MT - usagold.com msg#: 36147) Crude Showing $34.95 Cavan Man (09/06/00; 19:27:03MT - usagold.com msg#: 36146) Best advice from USAGOLD Today In a lengthy conversation with our fine host he said, "Buy wine by the case." I hope that is something we all can agree upon. Cheers MK. Rockgrabber (9/6/2000; 18:21:22MT - usagold.com msg#: 36145) (No Subject) I am sorry I left out a main thought of mine. Especially for us here in America, or anybody buying anything with US dollars. Anser me this would you rather see gold at 280 or 600? I can buy twice as much here at this level because even when its 1000 I will still trade in every fiat dollar I ever make that I dont have to use to pay a legal tender payment on anyhow. Keep the Gold flowing so freely to me. Rockgrabber (9/6/2000; 18:12:27MT - usagold.com msg#: 36144) Opec as a watch dog I am a western thinking mind to a certain degree, and I have strong thoughts that my mind has been messed with. That is exactly why I buy everybit of this whole concept of deception being brought about on the people right now. After all we are being fleeced and obviously hardley any either know or care. Is it there fault? I wont go there, cause I dont know. Is it not the conspiritors themselves that own, controll, and print the press we read? It is. Then contrary opinion should be easy to see why on this subject you should want to use it. That is probably not just in relation to Gold Manipulation either, but in all aspects of life I am betting. Anyhow... Oil prices seem to be the first things that rise after Drugs that reflect the inflation that is to come from money expansion. But Oil is of course easier to see. Its the hidden tax that allows the goverment to steal ones fiat money (thought to be wealth) that the goverment has made them work for and the more they can get them to barrow the more they will have to work, the more the goverment can tax, the more money the can expand the system with and use as inflation to steal away ones basically vital energy. But the great thing is is that here in America our govermant has been in the lead of this, and our dollar is funnilly super strong, and even though it is fiat, we can purchase the real stuff for the fake stuff at a bargain.. This has worked out all to well. THE BOOK JUST KEEPS ON UNFOLDING PERFECTLY ACCORDINGLY. Next Pages please.. AHAHA Actually its not funny, I dont think, when I think about it Anyways we create our own enemies just to distract our own people. I am not falling for it. Never has a moment in history been so easy to see the saying BUY LOW. Go ahead Goverment spread the lies, take over this earth, behind deception. But there is a law they dont look like they know yet and it would read... Anything clothed in deception is destined to fail. It just takes time... I just felt I wanted to say a little something. After having read such great contrary thinking here I really just wanted to say thanks to all who dont wish to decieve, but wish to kill it. Please kill the deception!!OPEC stand firmAfter saying that I will be so bold if I may (may not pay off, but I can pray) I will already thank OPEC for being such a good watchdog at such a great time. Thank you OPEC. nickel62 (9/6/2000; 17:49:08MT - usagold.com msg#: 36143) Simply Me the reason the US Dollar was strong in the early 80s The US dollar strength in the early eighties was do to Reaganomics as you postulated. It was a period of very high interest rates in the US and a tightening money supply due to Paul Volker beginning to try and restore credibility to the US dollar in November 1979,Money supply was tightening, Fiscal spending exploded to rebuild the defense force and taxes were cut dramatically with the Reagan tax cut. The economy in the US was in a deep recession in 81-82 and the rest of the worlds economies were weak. We still had very high rates on the US dollar,tight money under Volker and Huge Government spending and Consumer spending unleased by the massive tax cuts goosed growth tremendously. All this meant money flowed from all around the world and the US dollar sky rocketed to amazing highs. The Plaza Accord in February(?)1985 was a meeting designed to figure out how to move the dollar down with the cooperation of our trading partners. It worked big time and the world began a long recovery as the strength of the US dollar in the early eighties became the engine that allowed the world to pull itself back from recession. The trading partners of the US were able to stimulate their economies as our manufactures became very expensive and there manufacturing concerns were able to earn very valuable high priced US dollars by selling into the United States markets and the massive tax cuts and huge defense spending provided the money to buy the goods from around the world that the high dollar value made affordable. The Plaza Accord was two and a half years before the market crash in October of 1987. Its relation to that crash if there was one is too complex for my mind. TownCrier (9/6/2000; 17:27:05MT - usagold.com msg#: 36142) Sirs auspec and CoBra(too) au,HOF post is near the top of my current to-do list, to be posted alongside the latest ORO entry at the top of a fresh new page. My, how that wing has grown...CB,Great post...msg#: 36139you're closer to the action so your euro sentiment means more than any of ours ever could. Your comment was perfect..."this is too big not to work in the end - so it's time to show some meaningful countermeasures, I think."Whenever that time comes, the unique treatment of the gold position of reserves within the euro system bodes very well for our yellow metal's future. Politically, socially, and economically, the issue is so vital and sensitive regarding the aftermath that the application of countermeasures must surely await the right time (or near enough). I'm sure we can all await the weeks or months as needed to see our personal stakes and comprehensions validated, but I can certainly also see where the majority gathered around have become quite overanxious to tell their skeptical friends, "I told you so," regarding the promising results for gold, particulary as priced in dollars. In Turkey, they gold proponents are already telling their friends, "I told you so!"In the meantime, keep your chin up...structurally the euro seems to have the higher ground (over the dollar)...but gold reigns supreme. Often imitated, but never duplicated.On your comment:"... euro hitting new lows - probably the first new currency in history starting without a gold/silver convertability? Or probably I'm just too old fashioned."I still remain skeptical that a paper currency could succeed that was not originally born into usage as gold currency. In this regard the euro is OK because it is just another step along that evolution that began of many roots in golden soil (old marks, francs, lira, etc) coming together into a single unified (but still distinctly paperish) trunk. I don't know if that puts you any more at ease, but there it is. 714 (9/6/2000; 17:14:01MT - usagold.com msg#: 36141) Look again, Simply Me... http://www.fyii.net/cgi-local/chartgen.pl?dx.m ...the US$ topped out at over 160 in early '85. And now we have a nice saucer pattern to boot. Look out above!Topaz, I don't know why it was as strong as it was in 84-85. Reaganomics, perhaps? It reminds me of late 70's, early 80's AU chart. Another once predicted (Kitco prognostications) that US$ would spike up before his currency war. Fwiw. wolavka (9/6/2000; 17:00:41MT - usagold.com msg#: 36140) Tonite tells alot Globex so far is holding over 278, dec.range over, 281 before new york opens, a plus.282 magic# next resistance 284 then 289.looking for 306 soon. CoBra(too) (9/6/2000; 16:29:46MT - usagold.com msg#: 36139) $-Index soaring, so is POO and CRB ... euro hitting new lows - probably the first new currency in history starting without a gold/silver convertability? Or probably I'm just too old fashioned. Sorry, friends TG, Ari and others, including MK - I'm becoming more of a sceptic in the viability of the euro, though mostly because of political, or socialistic nuisance in the EU - than fundamentals. The Denmark referendum this month will be crucial towards the future of the euro - and as all polls promise - it will be against the "common" currency. Reluctantly, or better expressed in "FED" up - I feel that the $-faction is playing the end game much better than any of its would be (currency) contenders-with the Yen/Yuan a'waiting its chance on the sidelines- maneuvering the hybrid* euro into the box. As I had some hope for a reasonable srength in the euro I'm arriving at Dante's Inferno: " Voi centrate ogni speranza la chate" - doomed? NO, only sojourned!!! As too big to sink - this is too big not to work in the end - so it's time to show some meaningful countermeasures, I think - cb2 - High Noon - soon!! auspec (9/6/2000; 16:24:45MT - usagold.com msg#: 36138) HOF Nomination To CoBra[too], Cavan Man, Gandalf the White, & Steve H- Thanks for the nomination and seconds for Abbr. Version-Gold Economics. Let's just say I'm as pleased as though we were seeing $600 Gold. On 2nd thought let's just say am VERY PLEASED! Thanks gentle people, I do enjoy this forum. If you will let me know who is on the HOF selection committee can start working on my bribing strategy [smile].All the best,AUSPEC TownCrier (9/6/2000; 16:22:55MT - usagold.com msg#: 36137) Looking for signs of real gold demand? Look here... Bridge News reported today that the amount of gold imported throught the Istanbul Gold Exchange for this past August was 25.4 tonnes, two-thirds greater than the 15.7 tonnes imported in the same month last year. Year-to-date gold imports (Jan-Aug) have now reached 151.6 tonnes, already exceeding the entire gold imports from 1999 which totaled 107.3 tonnes. TownCrier (9/6/2000; 15:52:40MT - usagold.com msg#: 36136) Danish gold coins http://www.usagold.com/onlinestore/special.html Sir Beowulf,The coins are indeed still available for both on-line and direct ordering from Centennial Precious Metals, Inc. The link, given above, can continue to be found under the "Special On-line Offers" category listed on the Home Page.Now that we have our new and exciting European delivery program up and running, we decided that it would be better to replace the Kroner advertisement with the Euro Info page instead of keeping them BOTH up (in order to reduce the amount of clutter and gratuitous self-promotion that we already make you endure.<wink>When I talked to MK about the coins' remaining availability, he said that the 10 Kroners were almost sold out. I put in my own order for some of the 20's, and when they arrived immediately proclaimed them to be the most beautiful manhole covers that I had ever seen...they're HUGE. Slightly bigger than the 20 mark coin which itself is somewhat larger than the lovely and ubiquitous British Sovereign. They definately made a nice addition to The Tower's treasury. Beowulf (9/6/2000; 15:09:47MT - usagold.com msg#: 36135) Mermaid coin special? MK,How did the special go on the "mermaid" 10 and 20 Kroner coins go? I noticed you no longer have the special ordering page up. Did you sell out? I can't wait till mine show up.Beowulf CoBra(too) (9/6/2000; 15:07:30MT - usagold.com msg#: 36134) Hi Stranger - you've shocked the forum... Fremder - mein Freund - hoping you've enjoyed a lenghty and as I'm sure deserved vacation, you've been badly missed. In an environment of CPI/PPI "core" rate unchanged, in spite of POO and other commodities rallying, including CRB topping 229 - and the $ Index reaching new highs for the (beginning-IMO)cycle - we've missed your input - Glad you're back - Other developments - FAZ - citing GATA's research on manipulation of $/AU - believed to be BuBa's (his masters) voice - WA # 2? ... cb2 Journeyman (9/6/2000; 14:56:46MT - usagold.com msg#: 36133) Free-trade II: The Good @ALL PREVIOUS INSTALLMENT: Journeyman (09/05/00; msg#: 36076)_So who DOES like free trade?_If whole villages, including "tradesmen, and workers of all kinds-- including business persons" dislike free trade enough toengage in centuries of vat-smashing and loom-stealing, who _does_like free trade? WE do. Just about all "consumers" usually like free tradewhether they know it or not. That's because it counters theselfish "vested interests of entrepreneurs, capitalists,land-owners, and workers" of all kinds who, instead of sellingtheir products and services into competitive markets at lowprices want to sell into markets where they enjoy a monopoly (orat least restricted competition) and can therefore charge highprices.Therefore most of us are, whether we've thought about it or not,schizophrenic about free trade. In our capacity as "consumers," we want to buy from free markets where competition automaticallykeeps prices low, but we want to trade the goods and serviceswhich pay our rent into markets protected from competition so_we_ can charge top-dollar.Clearly then, most of us schizophreniclly harbor twodiametrically opposed interests when it comes to trade. It's ourbuyer half vs. our seller half. [**1*] Which of these interestsis, in the wider context of "society," the "common interest?" _"In the common interest"_Who's the fool in a trade? Is the grocer who sells you a loaf ofbread foolish to let such a valuable commodity go at such a lowprice, or are _you_ (the "buyer") a fool for paying for somethingthe grocer clearly want's to sell?In a free market the answer is usually, "Neither is the fool." In fact people trade because they _both_ gain time and/or energyand/or money in a good trade. And this gain isn't justpsychological or a matter of the whims or desires of the moment. In fact, in most cases, both parties would have to be fools _NOT_to trade.For example, let's suppose you can trade wheat to a shoemaker fora pair of shoes. You can, alternatively, make your own pair ofshoes with let's say, 40 hours of work, including aquisition ofthe raw materials -- leather, rubber, etc.. Let's say theshoemaker will trade you the pair of shoes for 20 bushels ofwheat. It takes you about 20 hours total to produce that 20bushels. Are you better off spending 40 hours making the shoesfor yourself or 20 hours producing the wheat and trading it forthe shoes?I did a very sloppy non-market, non-price-discovery equivalenceguess here as to the trade relationship between 20 bushels ofwheat and a pair of shoes. You may be thinking, "That Journeymanmade this shoe-wheat price up out of his imagination and thoughtI wouldn't catch on." You're thinking, "It could be that I couldproduce those shoes in less than 20 hours. I'm not going to letJourneyman get away with that!" Well, I think you'll decide tolet me get away with it afterall - - - It's obvious that someone who specializes in making shoes willhave all sorts of tricks to save herself time and energy. Shewill have learned her mother's tricks as well as hergrandmother's in addition to, over a period of time, discoveringher own time/money/energy saving tricks. She probably even hassome special machines (capital goods) to make her shoe-makingfaster, easier and better. Perhaps you have to punch holes inthe leather and then thread the shoe-thread through the holeswhereas she has a special industrial strength sewing machine thatdoes both automatically in a single operation. Etc. The same observation applies to you as a wheat producer. Sure,the shoemaker could raise her own 20 bushels of wheat --- but itwould take her more than the 20 hours it took you because shedoesn't know _your_ tricks of the trade any more than you knewhers. She doesn't have your capital equipment either, any morethan you have her industrial strength sewing machine. Thus shesaves time too and therefore benefits from trading with you. This advantage to trading is based on the knowledge accumulationefficiencies of "specialization" which inevitably leads to"division of labor" and is called in economic's classes, "The Lawof Comparative Advantage." Because of "comparative advantage,"good trades are highly common instances of those fabled "win-win"propositions we hear about so often. We engage in them nearlyany time we buy (or sell) anything. That is, other peoples' skill and expertise saves _us_time/energy/money _IF_ we trade with them - - - and vice-versa. That's why free-trade in free markets is _usually_ "in the commoninterest," and tariffs and trade restrictions are, in general,_against_ "the common interest."NOTES:1. While you may not sell anything directly to the public,unless you work for government, the folks paying your salary orcommission do. While you may not think of this often, yoursalary is much safer if your employer has a monopoly.Comming next: Free-trade III: The Ugly -- _Free markets don'texist_Regards,Journeyman Cavan Man (9/6/2000; 14:46:47MT - usagold.com msg#: 36132) Stranger Glad to see you as well. I was concerned you might have taken all the bearish action in NEM too seriously :>). Welcome back! Bobbo (9/6/2000; 14:29:02MT - usagold.com msg#: 36131) Rally continues... I hope you have a big grin on your face as do I. This puppy has legs, at least so far. At this point the fantastic XAU rally in the last hour of trading today is super bullish. The bullish divergence is at a point that the POG must turn now and start to run up. Perhaps a POG gap at tomorrow's open. That'll bring a double big grin to my face...)) The stox often lead the metal and we have been seeing the stox outperform for over a week now.We are heading into XAU resistance around the 54.80 area. If we can take that out tomorrow (only .58 over today's 54.22 close) it will be another feather in the hat of the gbug bulls. Depending on POG action, I wouldn't be surprised to see some back and filling after (or even before) we break through that 54.80-55.00 area since au stox are overbought. That condition can remain against all odds and it is during such conditions that mucho gains can be had. Furthermore, stox like PDG and NEM have taken out resistance and are ready to run. PDG to 10.12 and NEM to 20+. Maybe tomorrow, but only with POG help. Will revisit at those levels.The action in XAU has been classic and with international events heating up, oil heading to the moon and inflation roaring, things are still lookin' gud fer ole yeller. Enjoy the ride. Don't be shaken out on pullbacks, but trade for a scalp if you must. GOT GOLD?....GO GOLD.....GO XAU Simply Me (9/6/2000; 14:00:09MT - usagold.com msg#: 36130) Thanks to 714 and Mr. Gresham Thanks for the dollar chart links. I have been looking for just such charts in my little bit of spare time. Now I'm trying to understand how the current levels are, as 714 says, "bullish" for the dollar. In the charts I see that the dollar hit it's highs of 116-117 in '85-'86, just before the '87 market crash. Wasn't that when life-support became necessary for the dollar until the Euro came on line? With the dollar currently at 114, and rising a point or nearly two at a time lately. Could we not be at 116 again very soon? I'm not, by any stretch of the imagination, a technical analyst....but, considering the intervention that has kept the dollar on it's feet the last fifteen years, could 1985 to the next 116 high point be considered a double top? And considering the oil, gold, inflation situation, wouldn't that double-top be followed by a very steep deflation?watching, waiting, wondering,simpy me Leigh (9/6/2000; 13:51:21MT - usagold.com msg#: 36129) Stranger VERY glad and relieved to hear from you again, Stranger!! SHIFTY (9/6/2000; 13:32:05MT - usagold.com msg#: 36128) The Stranger Glad to see your back!$hifty TheStranger (9/6/2000; 13:28:12MT - usagold.com msg#: 36127) This Just In I am just back from vacation and will post something as soon as I catch up. I am truly sorry for any trouble I may have caused by not warning anybody. Back soon. Thanks. lamprey_65 (9/6/2000; 12:47:28MT - usagold.com msg#: 36126) Wanted: Candian Poster! First, how may ounces of gold make a ton...isn't it around 32,150? So, Canada only has less than 40 tons of gold in its reserves?!A major gold producer and the country is holding less than 100 tons in the vault...very sad.Canadians -- Unite! It's an embarrassment and it's not going to be good news when the the dollar begins to c*** out and all the Canadians have to float their "loonies" are chits of U.S. paper!Hey, some of us Americans KNOW how pathetic we've become, but at least we're holding several thousand tons of the shiny stuff (well, it's on the books anyway...that's about all I can be sure of).Lamprey SHIFTY (9/6/2000; 12:45:16MT - usagold.com msg#: 36125) BRIDGE UPDATE--PRECIOUS METALS: Canada sells 60,000 oz of gold I should have read more than the first sentence before listing the link. Who knew it was a one line lead. I cant find story .4821$hifty SHIFTY (9/6/2000; 12:32:59MT - usagold.com msg#: 36124) BRIDGE UPDATE--PRECIOUS METALS: Canada sells 60,000 oz of gold http://www.crbindex.com/news/story2203.html The link above is to the story Schippi brought to our attention.Thanks Schippi!$hifty wolavka (9/6/2000; 12:26:22MT - usagold.com msg#: 36123) gold isn't moving because Big money is positioning itself and it will gap with short covering.Today was constructive for gold. Cavan Man (9/6/2000; 12:05:24MT - usagold.com msg#: 36122) Boxman 36120 Why isn't gold moving?POG is defying every historical precedent where, fundamentals should dictate AT LEAST A MODEST RISE. I think at least some of us would be content to see a little progress in the upside direction. I think $300 would be teriffic.Either the world has forgotten gold or, many of the allegations regarding market interference for vested reasons are spot on.For myself, I haven't a clue. I'm just a humble box salesman who believes in many reasons to own metal.What a wierd world; this world of gold. schippi (9/6/2000; 11:52:27MT - usagold.com msg#: 36121) More Gold being sold?? Updated Wed Sep 6 12:34 ETBRIDGE UPDATE--PRECIOUS METALS: Canada sells 60,000 oz of gold Sep 06--1630 GMT/1230 ET Boxman (9/6/2000; 11:47:21MT - usagold.com msg#: 36120) Why hasn't Gold moved? (9/6/00) www.USAGOLD.com . . .Gold was fighting a bout of anemia on the New York open even as the euro plummeted to the nether depths of hell and oil continued to climb in world energy markets. Asia continues to take advantage of the low gold price with physical purchasing according to a Dow Jones report this morning, but the European markets were relatively quiet. With the Asian's buying, and, if I am not mistaken, the Indian wedding season, with brides to be buying heavily for their dowries,and oil on a moon shot, why hasn't gold budged? If manipulation is the reason, it must be getting more difficult with each passing day.I know that it is good time to be acquiring the precious metals, but I have already done that, and I'm about ready to pop. Boxman (9/6/2000; 11:23:26MT - usagold.com msg#: 36119) Cavan Man, and a question on Buffett Cavan Man, I'm on vacation this week. I had planned to do a lot of honey do's, but I find that I'm glued to this computer. I think that I have an addiction, particularly to this forum.As an aside, last week, Fleckenstein wrote that there were rumors that Warren Buffett was selling some of his silver. Has anyone heard anymore on this? SHIFTY (9/6/2000; 11:07:13MT - usagold.com msg#: 36118) Box Man The photo is a hoot! Wish it was larger.$hifty:) TEX (9/6/2000; 10:52:25MT - usagold.com msg#: 36117) Boxman Yeah, it doesn't have anything to do with gold but what a great photo! Cavan Man (9/6/2000; 10:51:42MT - usagold.com msg#: 36116) Boxman Who's out selling boxes today? Boxman (9/6/2000; 10:41:59MT - usagold.com msg#: 36115) Sorry about the incomplete link Sorry about that. Click on "The witch of November Boxman (9/6/2000; 10:34:47MT - usagold.com msg#: 36114) OT--Serpent Head and the Witch http://etherzone.com/ Sorry, this has nothing to do with gold, but I loved this picture. Don't bother reading the article, unless you find Hillary as revolting as I do.Thought it might give a chuckle to a few. wolavka (9/6/2000; 10:06:00MT - usagold.com msg#: 36113) 11 o'clock cst floor change If we move up watch 11 . USAGOLD (9/6/2000; 9:15:46MT - usagold.com msg#: 36112) Today's Report: Late September OPEC Get-Together Holds Key DAILY COMMENTARY (9/6/00) www.USAGOLD.com . . .Gold was fighting a bout of anemia on the New York open even as the euro plummeted to the nether depths of hell and oil continued to climb in world energy markets. Asia continues to take advantage of the low gold price with physical purchasing according to a Dow Jones report this morning, but the European markets were relatively quiet. The euro was plumbing record lows against both the dollar and yen in the early going -- a situation likely to encourage traditional physical gold buying in the European Union. "Until intervention actually takes place, the market will test the European Central Bank's pain threshold," Neil MacKinnon , senior currency strategist at Merrill Lynch in London, told Reuters. "The pressure on the ECB and Ecofin (European finance ministers) to consider intervention is certainly growing, although there's no indication that the ECB is about to do it imminently." In the past, the ECB, given the weak currency policies of the respective national governments, has been slow to intervene in support of the euro. We shall see what develops over the remainder of the week. As I said yesterday, their most pressing concerns would be more tactical in nature and centered around whether or not the ECB retains the ability to effectively take on the big speculators and hedge funds. As for the yellow metal itself,there was little in the way of news. We did miss this Dow Jones report from last week and thought we would get it into today's report: "Robert Champion de Crespigny, chairman of Australia's largest gold producer, Normandy Mining Ltd, said he sees the gold price back up to $850-$900 a troy ounce -- levels not seen since the late 1970's." Overall, the gold market seems to be most interested for the moment in the euro/dollar relationship and reacting to its own set of internal circumstances -- low lease rates, short-covering sidelined (with all eyes on euro/dollar), and physical purchases coming in on the dips. With Saudi Arabia's Crown Price Abdullah due in New York this week for a little heart to heart with the President, one wonders precisely what it is the Clinton administration is up to with respect to the oil situation beyond considerable wheel spinning. The trip to Nigeria turned out to be much ado about nothing. One wonders if the meeting with Saudi Arabia's future king will turn up another dry well, or giving the spigot another full turn. Let's face it, these prices didn't get to this level by accident no matter what's being said. Late in September we will witness something that has not happened since 1975 -- a meeting of the OPEC heads of state (not the finance or oil ministers but the heads of state) in Caracas, Venezuela. Caracas is the home of one Hugo Chavez, president of the South American oil producing state upon which the United States has become so dependent for a good chunk of its oil imports. Chavez, it is now coming out, is an admirer of Fidel Castro and an oil price hawk that thinks that the industrial economies have pretty much had a lucrative ride for the past decade born, raised and nurtured by cheap oil. I would say that the Crown Prince and Mr. Clinton might have that meeting later in the month. That's it for the today. We'll see you back here tomorrow. Had it with the tired, one-sided anti-gold financial press mentality? If you want a fresh view of the gold market go to the link above for an information packet on gold ownership which includes our widely read newsletter, News & Views: Forecasts, Commentary & Analysis on the Economy and Precious Metals. We offer solid commentary in a rapid fire, no-nonsense, bullet format designed for busy people who want gold related news and opinion without the unnecessary fluff. And stay tuned here for our Daily Commentary. Please call Marie at 1-800-869-5115 or click here to request News & Views as well as our helpful introductory information packet for gold investors. We invite you to stay tuned to the gold market through our DISCUSSION FORUM featuring round the clock gold news & commentary from the public. PLEASE REMEMBER: It is your purchase of gold from Centennial Precious Metals that nourishes these pages. Call us at 1-800-869-5115 for prices and to have your questions answered. Bobbo (9/6/2000; 9:00:53MT - usagold.com msg#: 36111) According to Mr. GreenScam: "I keep diligently looking and looking for indications of inflation:Bridge CRB Index 230.25 +0.51 +0.22 %Crude Oil 34.26 +0.43 +1.27 % Platinum 607.5 +6.2 +1.03 % Palladium 734 +11.35 +1.57 %Gold 278.4 -1.3 -0.46 %But gold is down and the BLS numbers say there is NO INFLATION. So even though we can't define money anymore, we are free to keep pumping the debt bubble."Clear case of the blind leading the blind, eh? oldgold (9/6/2000; 8:43:23MT - usagold.com msg#: 36110) The Euro http://quotes.ino.com/exchanges/?c=currencies getting creamed again today. BUT THE DECEMBER FUTURES CONTRACT IS UP SHARPLY THIS MORNING AND NOW IS WELL ABOVE SPOT.Apparently some players expect a rally before long. ET (9/6/2000; 7:58:12MT - usagold.com msg#: 36109) Diane Alden http://www.newsmax.com/commentmax/articles/Diane_Alden.shtml From the article; Professors Thomas Naylor of Duke University and Donald Livingston of Emory University in Atlanta have stated: "A booming economy and a roaring stock market can cover up a host of social, economic, and political sins. But once the bubble bursts and everyone discovers that the emperor truly wears no clothes, whether in the Oval Office or elsewhere, local independence movements may seem a lot less radical than they do today." Mr Gresham (9/6/2000; 7:36:21MT - usagold.com msg#: 36108) Dollar Chart http://www.contraryinvestor.com/mo.htm There is a good long-term dollar chart at the current Contrary Investor page... (and much more good reading) wolavka (9/6/2000; 7:24:28MT - usagold.com msg#: 36107) Taiwan/China Gold trader in taiwan now, will report on return. Bobbo (9/6/2000; 7:07:39MT - usagold.com msg#: 36106) Ready to Rumble This tidbit of good gbug news is from Erik Gebhard: "Take note that from approximately 9/6 to 10/8 gold has risen the last 13 of 15 years for an average profit to bulls of $757, about a $7 to $8 move per contract. Keep in mind that the $757 figure is just an average, with the worst performance being -$3,560 in 1988 and the best being $6,870 in 1999." Black Blade (9/6/2000; 6:51:08MT - usagold.com msg#: 36105) "Morninhg Wakeup Call!" From the "Yellow-Brick Road" Sources: BridgeNews. - Look at Petroleum! Asia Precious Metals Review: Australian dollar moves goldBy Mari Iwata and Polly Yam, BridgeNewsTokyo--Sept. 6--The movement of the Australian dollar against the U.S. dollar dominated the price movement of spot gold in Asia on Wednesday, dealers said. Bearish sentiment on spot gold increased in the market with the gold price being expected to test its nearby support of U.S. $274 later Wednesday in the U.S. market, they said. Spot platinum and palladium remained steady.Black Blade: Sometimes you just can't win.Asia Metals Focus: Japanese' fondness on platinum jewelry remains Tokyo--Sept. 6--Japanese fondness for platinum jewelry has not lessened despite prices of the metal being strong over the past few months, Mototsugu Naito, the Japan-based representative of the platinum marketing group Platinum Guild International (PGI) said Wednesday. Platinum demand in Japan is expected to rise in the second half of the year following the local economic recovery, he said. (Story .2016)Black Blade: Pt is a fashion statement as it were for the Japanese and Chinese, and to a lesser degree the western cultures. Look for PGMs to continue to be strong.South African platinum marketing group to set up office in India Tokyo--Sep. 5--Platinum Guild International (PGI), a marketing group for platinum jewelry founded by South African platinum producers, will set up a new office in India next week, a spokeswoman at South African major platinum producer Anglo American Platinum Corporation Ltd. (AMPLATS) told BridgeNews Tuesday. AMPLATS is one of the founding members of PGI.Black Blade: Looks as if the Gold producers should keep an eye on this as a template to market Au. Meanwhile, Oil Gushes higher +$0.29 at $34.12/bbl marching on toward $40.00 and beyond. NG is at an all-time high pushing up to $5.005 Mbtu up +$0.055. Au is down -$0.50 at 274.80. Ag off a penny, Pt up +5.00 at $606.00 and likely to stay higher for some time, and Pd up 4 bucks on the paper markets at $724.00. Flying out shortly to Vancouver,CA. hope to keep up with events as they unfold here at the castle. Cheers. Hill Billy Mitchell (9/6/2000; 5:48:00MT - usagold.com msg#: 36104) Official release http://www.bog.frb.fed.us/releases/H15/update/ Official: Federal Reserve Statistical ReleaseRelease Date: September 5, 2000Rates for Monday thru Friday, August 28, 29, 30,31and September 1Federal funds 6.57, 6.51, 6.51, 6.65, 6.52Treasury constant maturities:3-month 6.32, 6.31, 6.32, 6.31, 6.2710-year 5.78, 5.81, 5.81, 5.73, 5.6820-year 6.01, 6.04, 6.03, 5.96, 5.9530-year 5.72, 5.75, 5.74, 5.67, 5.67Spread - FF vs long bond:(0.85%), (0.76%), (0.77%), (0.98%), (0.85%)Spread - 10 yr vs 30 yr:(0.06%), (0.06%), (0.07%), (0.06%), (0.01%) Spread - 3 mo. vs 10 yr(0.54%),(0.50%),(0.51%),(0.58%),(0.59%) Topaz (9/6/2000; 5:22:01MT - usagold.com msg#: 36103) 714 G'day 714:Re the $,What do you reckon gave it it's legs in 84-5? Rugen (9/6/2000; 5:15:33MT - usagold.com msg#: 36102) Barium Carbonate and Barium Sulfate Does anyone have Info? On Barium Carbonate and Barium Sulfate mining.Annual production tonnage for the last 10 Years.Thanks wolavka (9/6/2000; 5:08:20MT - usagold.com msg#: 36101) pressure point pushing dec gold down but suppport @ 278. Appears sideways to down for several days unless intervention in currency mkt.expect surprise news item to gap this mkt. 282 magic #. Topaz (9/6/2000; 4:38:23MT - usagold.com msg#: 36100) ...from a Sharefin link@Kitco http://www.the-moneychanger.com/html/a_dangerous_man.html By Franklin SandersAlmost 30 years ago, just a few weeks before I got married, on a drugstore bookstand I found a strange book: Capitalism, the Unknown Ideal. It was a collection of essays about a philosophy of freedom. Two dealt with the American monetary system. The author explained that nothing -- no gold or silver -- backed our currency. He argued that sooner or later, this fiat money system would lead to disaster, and that only a money backed by real value -- gold -- could last. That author was Alan Greenspan. 714 (9/6/2000; 4:03:29MT - usagold.com msg#: 36099) Simply Me re: US$ Not even close to historic highs. In fact, US$ looks pretty bullish:http://www.fyii.net/cgi-local/chartgen.pl?dx.m Knallgold (9/6/2000; 3:55:33MT - usagold.com msg#: 36098) @MarkeTalk Thank you.I agree'something has to change now.The oil thing is a little bit out of hand in Europe now.Though France made now some concession I heard to cut taxes on Diesel.(?)And the euro is challenging new lows.There is alot of media coverage of the oilprice.I would say the information they provide is on the mark.Someone provided them with good stuff. Simply Me (9/6/2000; 3:31:44MT - usagold.com msg#: 36097) Is it all pegged to the value of the dollar? According to the Bloomberg site, the dollar stands now at 113.02. This seems to me amazingly high. Can someone with a longer history of watching the dollar value tell me if this is an historic high?No wonder the Euro looks small in comparison to this US Dollar giant. Reminds me of a lizard that puffs itself up when faced with a rival or potential predator! And the US dollar faces 3 threats...the Euro, gold, and oil. Alan must be huffing and puffing like crazy! I've felt like the U.S. has been standing on a precipice since last August....and the longer we stand here the deeper the chasm gets. Time to reinforce my golden parachute!simply me ViewYesterday's Discussion.
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