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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (41613)	9/29/1999 11:07:00 PM
From: John Paquet	Read Replies (1) \| Respond to of 116764

Last few days, gold demonstrated its real "GOLD" status, shooted up to $329 in less than a week, today a bit of correction, there are many many fumadamentals behind this rally, I need not to list any; despite that CB's annoucement regarding limited gold sales and leasing or loan stuff. My pure or 100% observation is that gold first enemy which is DOW--Dow Jones INdustrial Average 30 blue chip stocks. On the eve of collape or crash of that Dow from 11,300 to, that 10,000 marks is the siginificant factor made this gold rally. And more bad news are coming for that DOW. I expect that Dow will -300 more tomorrow or friday as U. S. unemplymeny rate or non-farm payroll numbers announced, int rate jitter will ignite DOW big sell-off Down she goes below that 10,000, and then 9,000 or 8,700; this 10,000 marks is so crucially, the whole global finacial system depends on it. Once Dow crashed, gold will break that $325 within hours to come, and then gold $400 which is the right price at the right place and Alan Greenspan would love it. {you know how many times Alan has warned that equity Exebulance; you see what it means} And I am not kidding at all. Of course, short covers will add feul to this big rally. Last time, only options expired made gold one day gains in history. Next when Dow crashed, another history will be in the making. As I said Dow is the gold very first enemey. And I see that enemy will be defeated within hours. Watch out folks!!! Again, I am not kidding at all. John Paquet Buy gold at this low, will make you titanic fortune.

To: Enigma who wrote (41613)	9/29/1999 11:10:00 PM
From: Giraffe	Read Replies (1) \| Respond to of 116764

Pay Raises for President, Congress By The Associated Press WASHINGTON (AP) -- President Clinton signed legislation Wednesday that will double future presidents' annual salaries to $400,000 and let members of Congress collect their second pay increase in two years. House and Senate members' salaries will climb by $4,600 to $141,300 a year beginning in January. Members of Congress last got a pay increase in January 1998 and before that in 1993. The increase to $400,000 will be the first presidential pay raise since 1969, but it will not take effect until Clinton leaves office Jan. 20, 2001. The Constitution forbids any change in a president's salary while he is in office. The measure also gives raises to Vice President Al Gore, Cabinet secretaries and about 1,300 other top-level branch officials in January. By law, they are entitled to the same 3.4 percent increase received by members of Congress. Gore will earn $181,400, while Cabinet secretaries will make $157,000. Under congressional pay scales, leaders earn more than rank and file members, topped by House Speaker Dennis Hastert, R-Ill., who will make $181,400 in January. Moreover, federal civil servants' salaries will rise by 4.8 percent a year, their highest annual increase since 1981. The increases were part of a $28 billion measure financing the Treasury Department and some smaller agencies for the fiscal year beginning Friday. Clinton signed the bill in an Oval Office ceremony attended by several members of Congress and news photographers. In a printed statement, Clinton did not mention the pay increases. Instead, he called attention to a new requirement that health plans for federal employees must offer prescription contraceptive coverage, with an exception for plans that object to such coverage on religious grounds. By law, members of Congress receive an annual salary increase unless they vote to block it, and the Treasury bill is the traditional vehicle for doing that. The measure contained no language preventing the congressional pay increase, nor was it mentioned during brief debate. While congressional pay increases often have triggered heated debates, there was no serious challenge to the latest increase. The bill passed the Senate, 54-38, and the House, 292-126.