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To: Hawkmoon who wrote (41029)	9/27/1999 8:05:00 AM
From: long-gone	Respond to of 116764

At the very least, hedged from a far higher point, & in which direction now? That is the question?

To: Hawkmoon who wrote (41029)	9/30/1999 3:27:00 PM
From: long-gone	Respond to of 116764

NAVY CONFIRMS RUSSIAN MISSILE BUY, ZVEZDA MA-31 CAN'T MEET SSST SPECS SEPT. 13, 1999 U.S. Navy Undersecretary Buchanan has confirmed that the U.S. Navy will continue to purchase MA-31 super-sonic target missiles from Russian missile maker ZVEZDA despite admissions the MA-31 cannot meet the necessary range specifications. In a letter to Senator Senator Lugar, Secretary Buchanan stated the "the MA-31 is available from the Boeing company and emulates more challenging threat characteristics than the VANDAL." ... SEPT. 13, 1999 U.S. Navy Undersecretary Buchanan has confirmed that the U.S. Navy will continue to purchase MA-31 super-sonic target missiles from Russian missile maker ZVEZDA despite admissions the MA-31 cannot meet the necessary range specifications. In a letter to Senator Senator Lugar, Secretary Buchanan stated the "the MA-31 is available from the Boeing company and emulates more challenging threat characteristics than the VANDAL." However, U.S. Navy officials, responding to a SOFTWAR Freedom of Information request (FOIA), have confirmed the MA-31 does not meet the requirements for the U.S.N. super sonic sea skimming (SSST) target program. "It can only fly 16 miles on the deck," stated a U.S.N. program manger for the MA-31 program. The U.S. Navy super-sonic sea skimming target (SSST) program requires the selected missile to travel at 1,500 miles per hour for a distance of 50 miles at 50 feet. More importantly, the Navy has also requested the missile fly over 40 miles at altitudes of 15 feet or less. According to U.S.N. managers, the Russian Zvezda missile falls short. The contradiction between actual performance and the support from the Clinton administration remains unexplained. Boeing officials again refused to comment on the MA-31 drone project with Zvezda. Repeated phone calls to Boeing have not been returned. Secretary Buchanan has also turned down a Softwar request for an interview. Under pressure from the FOIA request, U.S. Navy managers denied any knowledge of allegations of corruption regarding the payments for the Russian missiles, which according to Janes Defense, include a 28% fee for the Russian Generals. (cont) softwar.net

To: Hawkmoon who wrote (41029)	10/11/1999 11:18:00 PM
From: long-gone	Read Replies (4) \| Respond to of 116764

Are you proud of the results of your efforts helping the BASTARDS manipulate the gold markets? It is a matter of public record Goldman Sachs pushed for the Bank of England sale of gold,. All, Print a copy of this, send a copy to your Congress person & Senator with a note Demanding one of the top MOTHER FUCKERS is in JAIL by close of business the last day of this month! Thursday October 7, 11:37 am Eastern Time European gold bounces off lows, platinum firmer LONDON, Oct 7 (Reuters) - Gold prices bounced off the day's lows in late Europe and dealers said bullion is likely to trade in a range, awaiting the next big move. Gold was last quoted at $323.00/$325.00 a troy ounce, down from New York's close on Wednesday at $324.00/$326.00. Dealers said prices lifted from the day's lows around $315.00 a troy ounce and traders said some participants still needed to cover their short positions. ``It seems to be in a range between $315.00 and $325.00. It is in a range waiting for the next big move,' one London dealer said. Gold option volatilities, which indicates market thinking on future price direction, edged lower on Thursday. One-month option volatility was last quoted around 43 percent from Wednesday's 50 percent. Volatility were sky-high compared to the usual 12 to 13 percent. Dealers remained cautious about potential losses on their forward books after gold's surge since the September 26 pledge by 15 European central banks to cap gold reserve sales, gold lending and derivatives activities. Some gold producers had already suffered losses on their hedge positions in the wake of gold's rally, which saw spot prices hit a two-year high of $338.00 a troy ounce this week. Fiji gold miner Emperor Mines Ltd reported overnight that its hedge book value was a negative A$11.5 million at September 30 compared with a positive A$17.4 million at June 30. ASHANTI'S HEDGE WOES LINGERING The fall in value of the hedge book was based on a spot gold price of $299.55, the company said in its September quarterly. Emperor's woes follow the problems suffered by Ghanaian producer Ashanti Goldfields Co (quote from Yahoo! UK & Ireland: ASHGq.L) and the mid-sized Canadian miner Cambior Inc (Toronto:CBJ.TO - news), both of whose hedge positions have been hit by the rising gold price. The Wall Street Journal's interactive edition (www.wsj.com) said on Thursday that the Wall Street banks with the largest credit exposure to Ashanti were the Goldman Sachs Group (NYSE:GS - news), $105 million; Societe Generale , $82 million; Credit Suisse First Boston, $62 million; UBS , $61 million; American International Group (NYSE:AIG - news), $32 million; and Chase Manhattan (NYSE:CMB - news), $25 million. The higher gold price has brought Ashanti face-to-face with margin calls for more collateral from its counterparties. Ashanti and Lonmin Plc (quote from Yahoo! UK & Ireland: LMI.L) said on Tuesday they were in talks which could see Lonmin secure full ownership of the Ghanaian mining firm of which it already holds a 32 percent stake. Bullion dealers said the market is keeping a close eye on news about producers' hedge positions. ``If there is more news like the Ashanti stuff, gold could well move up,' one dealer said. Silver ignored gold's dip lower and was last quoted $5.60/$5.63 against the New York close at $5.51/$5.54. Platinum continued to surge higher as lease rates continued to climb. Spot platinum was last quoted at $424.00/$429.00 against the $413.00/$418.00 New York close. Palladium was also higher at $390.40/$395.40 from the New York close at $380.00/$385.00. biz.yahoo.com