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

To: d:oug who wrote (45618)	12/6/1999 8:41:00 AM
From: Alex	Read Replies (1) \| Respond to of 116790

FED'S IN FOR A CONFRONTATION By JOHN CRUDELE -------------------------------------------------------------------------------- A LAN Greenspan now has a really big problem. The inflation index that the Fed chief monitors closely rose sharply again last month. But since Wall Street knows that Y2K will keep Greenspan from raising interest rates this month no matter how bad inflation becomes, it used some laughably inaccurate figures from the Labor Department to push stock prices sharply higher on Friday. That one paragraph explains the enormous confrontation that will take place between the financial markets and the Federal Reserve at the beginning of next year. Here's how the plot thickens. Wall Street could have stocks up another 10 percent before the month ends. With the Fed's hands tied, there's little to keep speculators from having their way with the markets. And the biggest moves could be in technology shares, especially those here-today, gone-tomorrow Internet companies that everyone is pretending are actually viable businesses. They might do considerably better than 10 percent gains. The long and short of it: Inflation will be acting crazy at the same time that stocks will be going nuts. The two put Greenspan in an extremely delicate position. And the question now becomes: Can he wait until the February Fed meeting to raise interest rates for the fourth time in what will be six months, or will he have to act ahead of that meeting? My guess is that a pre-emptive strike will be needed. Sometime in January. Right after the Y2K hoax ends. On Friday, the Economic Cycle Research Institute -- a private group headed by Greenspan's friend Geoffrey Moore -- reported its future inflation gauge rose from 115.5 to 116.4. Greenspan gets that number ahead of everyone else. That's a big enough increase to almost guarantee more than one more rate hike even if Washington's official data continues to ignore inflation. Friday's report by the Labor Department that 234,000 jobs were created in November was the excuse for the latest rally, which sent the Dow up more than 247 points. But, as usual, the jobs figure -- as well as one on the unemployment rate and the rise in average hourly wages -- is massaged through constant statistical adjustment so that it is meaningless to anyone, Greenspan included, who is trying to determine what the economy and inflation are really doing. Friday's rise in stock prices and the jump since the November rate hike -- as well as the market's likely appreciation between now and year's end -- should give Greenspan a severe itch to boost interest rates by bigger than usual increments. There are a couple of inflation reports in a week or so that could slow the Wall Street express. And fear that Y2K problems might turn out to be real could slow the market toward the end of the month. But after the millennium bug has been squashed, the Fed will have to face the question of inflation head-on. And Wall Street's bubble will be in its way. I suspected it was happening; now columnist Bob Novak is writing about the impending feud between Greenspan and President Clinton. Greenspan's three rate hikes this year, I've said, couldn't have sat well with the White House. And I guessed that Alan probably wasn't long for the Fed job. His term ends next year, and he hasn't been behaving like a guy who plans to stick around. And I have also said that friends say Greenspan is truly petrified of the stock market bubble and what it will do to his legacy when it pops. Novak is now saying that Clinton would rather have Bob Rubin, former Treasury Secretary, take over the top Fed job. And that V.P. Gore would also like Rubin, should he win. Only George W. Bush favors Greenspan. The fact that Greenspan will have to raise interest rates more times in 2000 won't make him any more liked by the Clintons. The Clinton Administration is apparently hooked on drugs -- as the next presidential campaign issue. In October, President Clinton ordered the Department of Health and Human Services to conduct a study of prescription drug costs. The White House reaction was not surprising, since the Clintons have used government agencies repeatedly as their personal enforcers, and the pharmaceutical industry opposed government Medicare reform. That report, in one of the fastest turnarounds in government history, is now expected by some on Wall Street to be the cornerstone of Clinton's last year in office. The betting is that it will prove that prescription drug prices have been rising faster than overall inflation and that -- surprise, surprise -- the elderly are being hurt. Kent Blair, an analyst with Donaldson, Lufkin & Jenrette, even thinks President Clinton will use the issue of drug prices as one of the main topics in his January State of the Union message. "Unfortunately, it seems likely that this is just the beginning. In our opinion, during the next two to three months, political attacks on the pharm industry will intensify," Blair told clients this week. nypostonline.com

To: d:oug who wrote (45618)	12/6/1999 1:09:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116790

Patenting Gold Property via 1872 Mining Laws governing same, is by & large NOT done anymore. However, once upon a time, and as recently as the 70's, people could file claim and then received clear title to a gold property (which requires among other things-PROOF from another person or mining company or some other official document that gold actually exists and has been recovered from same piece of property.) After doing a series of proscribed work, over a fixed period of time, then said claimant could apply for and RECEIVE the title to said property, free and clear for perpetuity. Usually the cost was $5 per acre, but I'll have to check on all this with the Valentines, as I may be mistaken in some detail specified above. I'll be happy to be corrected about this from my mentor, Roy. Patented Property owner's are exempt from governemental requirements as to who/what/when/and where one can mine the gold therein, with whom they can do busines in extracting same, and especially freedom from dictation of methods used for extracting same. As gold historians know, a particularly effecient way of stripping gold in the "olden days" was to train highpressure hose nozzles known as monitors onto a hillside and literally wash gold, dirt and all down into waiting sluiceboxes canted ever downward to facilitate concentration of the precious gold at the bottom of said interlocking wooden troughs/sluice structures. Most modern patented gold property land holders eschew said practices, which have been outlawed primarily in most locations by various municipalities. Instead, what has replaced that practice has been an era of restitutive land practices developed by miners like Roy, which are too few in number frankly. Most miners on patentend land to this day, are still AFTER the gold by hook or by crook and ignoring replanting of native grasses, trees, coveted havens to indigenous wildlife necessary to continue to find home and hearth in the land now sans its gold. Patented property is highly coveted both for known and hidden reserves by both individuals and companies, commanding far more than its original $5 per acre price, thanks to 1872 mining laws still "on the books." This is due to the fact that harvesting said gold is outside the pervue of municiple authorities and their absurd whimsical dictates. For example, BLUE BUCKET GOLD DIGGINGS is the ONLY publically accessible goldmining experience on any interstate system criss crossing Oregon regardless of whether one is coming from Nevada, Idaho, California or Washington states allowing drop-in guests access to 24/7 mining experience whenever...yes, even when snow covered, the Valentines are prepared to educate, demonstate and otherwise facilitate the visitor/guest with an authentic mining "off season" experience. This is a priceless advantage for visibility, for accountability to both visitor and governmental authorities always casting jaundiced eye at any mining operation nowadays, PLUS a priceless opportunity for Roy to show off not only for customers but for generations of miners to come, his "Sweetheart" conservation/restoration practices born out of his genuine love for the land, a trait usually assigned to only ranchers or farmers. This makes him a rare combination businessman and husbandman of the land. So, owning patented gold property allows harvesting methods, 12 months a year not allowed on the alternative NON-patented, gov't controlled gold bearing properties through either the US Forest Service regulatory system or the Federal Bureau of Land Managemant regulatory system. For example, in the REST of the state of Oregon (and Washington state is even worse!!!) a prospector cannot even go & set foot into ANY streams, regardless of whether the stream is on THEIR claim or public goldbearning land that HASN'T been filed claim upon looking for gold that is rightfully his/hers, whether they be professional or hobbyist/vacationer, EXCEPT for a 30 day window between July 15 & August 15th. That onerous restriction on mining what one has "ordinary" claim to, makes seeking and acquiring patented gold property an achieveable and somewhat costly "supreme goal" of all of us who seek to pursue this craft and way of living. This rendering of goldbearing land to only usable 1 month a year modality instead of whatever access to the gold is dictated by seasonality, goes directly to supply/demand equation of what really affects Price of Gold. This basic access is so far removed from the manipulative Fed Reserve and the Goldman's and Republic's Bullion Banks, oh, and let's not forget the LBMA, those cretins seem like light years away from reality in their POG manipulation. Hope this address both the "what is a patented gold property" and "what it was/is that earned Roy Valentine of Blue Bucket Fame his 'Old Sweetheart' moniker originally whispered by his admiring peers" in his own native origins of Eastern Oregon. The fact that Hutch couldn't see the relationship between actual gold mining 1999 into the next millenia experiences which he can neither "long nor short" only goes to Hutch's credibility as a Price of Gold Factors analyst. How sad. FOR COOKIE FREE ACCESS Surfing experience: oregontrail.net <----Roy & Pat's Blue Bucket's website O/49r <--- proud webmaster of same