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To: Winzer who wrote (46192)	12/22/1999 6:45:00 AM
From: lorne	Respond to of 116841

IMF completes 655,000-oz gold swap with Mexico Washington--Dec 21--The International Monetary Fund has completed a swap of slightly more than 655,000 ounces of its gold reserves with Mexico, which immediately transferred the gold back to the IMF in payment on some of its obligations to the fund. (Story .19437) ECB total gold assets down 119 mln euros at 114.836 bln euros Frankfurt--Dec 21--Total gold assets were down 119 million euros on the week at 114.836 billion euros on Dec 17, the ECB said Tuesday. The change of 119 million euros corresponded to a sale of 13.5 tonnes by a national central bank, the ECB said. Foreign currency assets registered by the European central bank system were unchanged at 236.8 billion euros on Dec 17, the ECB said in its weekly financial statement. (Story .78 crbindex.com

To: Winzer who wrote (46192)	12/22/1999 7:14:00 AM
From: long-gone	Respond to of 116841

<<Anyone, any feeling for when the bubble pops? >> That is like guessing the exact second when the next volcano will happen. Everything is really coming together now, rates going up, The gold comerical on TV speaks volumes about valuations when the Conquistador under Cortez call the P/E's "surreal". History has shown, all the valuations & rate concerns & even slowing or racing economy can cause the correction. It takes a trigger, or we will get another, even worse, Japan bubble remake. Maybe, because of the "surreal" valuations of the leaders and near total failure of everything else to return near the norm. of what it should, we can simply rotate. the NASDAQ may have some real problems, but the broader S&P & DOW might survive. Maybe? Let there be no mistake, the day is coming for some of these mo-mo money managers but it may take a trigger. 1st quarter? Maybe today, many are talking about what a great inverse indicator Ralph Accampora has become.

To: Winzer who wrote (46192)	12/22/1999 7:37:00 AM
From: long-gone	Respond to of 116841

<<Anyone, any feeling for when the bubble pops? >> This could do it(and make gold run HARD in the process): Poll: Two-thirds of Americans Want New Impeachment Review NewsMax.com December 21, 1999 NEW YORK?A NewsMax.com/Zogby International poll finds that two-thirds of Americans want Congress to consider a second round of impeachment proceedings against Bill Clinton for possibly swapping United States military secrets to China in exchange for campaign cash. Americans overwhelmingly indicated they are seriously concerned that President Clinton may have authorized the sale and transfer of nuclear and ballistic missile technology to China. The national survey of 1,005 registered voters was conducted by NewsMax.com/Zogby last week. The NewsMax.com/Zogby poll comes on the heels of a CNN/USA Today/Gallup poll released last week that found that 50 percent of Americans now approve of Congress? impeachment of Clinton in December of 1998 after the Monica Lewinsky scandal. Americans apparently take the China allegations more seriously. Since 1996, federal law enforcement and congressional sources have claimed that large amounts of money ? some estimates place the amount as high as $10 million ? were funneled from Chinese government sources to help the Democratic National Committee fund Bill Clinton?s re-election campaign in 1996.(cont) newsmax.com Remember what happened last time they impeached him?

To: Winzer who wrote (46192)	12/22/1999 7:40:00 AM
From: long-gone	Respond to of 116841

bubble pop? How about putting these two together? Jiang: Beijing Will 'Liberate' Taiwan Jiang Zemin revived Cold War rhetoric and startled aides to US Ambassador Prueher last week when he announced that Beijing will "liberate" Taiwan. Poll: Most Americans Oppose Panama Canal Transfer; Fear Chinese Influence A NewsMax.com/Zogby poll released today finds that nearly 50 percent of Americans oppose the transfer of the Panama Canal to the government of Panama. 58 percent of Americans say that the operation of the canal by Hutchison Whampoa - a Chinese-controlled company - threatens America's national security. newsmax.com

To: Winzer who wrote (46192)	12/22/1999 7:51:00 AM
From: long-gone	Respond to of 116841

could this "pop the bubble"(based on our current level of imports)? Nations rated as new year nears FRANK BAJAK THE ASSOCIATED PRESS Copyright ¸ 1999 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. In its final report last week, the World Bank-funded International Y2K Cooperation Center said the millennium bug poses the greatest risk in developing countries, where it anticipates the most serious failures in health, hospitals and government services. The center said large-scale humanitarian relief efforts may be necessary: "In addition to creating technical problems, Y2K could lead to humanitarian emergencies." The millennium bug, or Y2K, stems from older computer coding that signified dates with the last two numbers only -- "99" for 1999, for example. When the date switches to 2000, some computers with that coding will think it's 1900, causing them to malfunction or crash. Actions taken to prevent the computer problem from wreaking havoc have varied widely from country to country, with an estimated half a trillion dollars spent worldwide. Industrialized nations have invested the most by far in Y2K fixes but are also more susceptible to serious disruptions because computer automation is so widespread. Developing countries are less dependent on technology but do have computers running many crucial services, from telecommunications to power grids. The most serious economic damage is expected in countries -- generally in Asia and Latin America -- with highly (cont) ardemgaz.com prize quotes:"CHINA The government says banks, aviation and other critical sectors should experience few Y2K-related failures -- but readiness in other areas is mixed. International analysts say the government's lack of transparency on the subject belies trouble ahead..." "RUSSIA Experts expect widespread failures in vital public services. Most ominous trouble spots include Gazprom, the world's largest natural gas producer, and Unified Energy Systems, which controls Russia's electricity grid. Their systems are intertwined, so a failure in one could affect the other. Other possible weak points: An already failure-prone phone system and..." "JAPAN Although Prime Minister Keizo Obuchi says authorities don't think the millennium bug will trigger major disruptions, he has advised his countrymen to stock up on food, water and other necessities. The government has ordered 96,000 soldiers on duty for New Year's and has beefed up police patrols. It claims all major medical institutions are Y2K compliant, but it has stockpiled a half-year's supply of oil and printed an extra $330 billion worth of banknotes. Despite government assurances that all is prepared, experts say Japan got started late on Y2K work. They are particularly worried about small- and..." "South Africa - Officials also have been concerned about local authorities' preparedness. They say 58 of 810 municipalities were still less than 95 percent ready in late November." "BRAZIL Despite a study by technology consultants placing Brazil among the countries with the highest risk of Y2K-related problems, government officials insist everything is under control. The government's Y2K coordinator, Salon Lemos Pinto, says Brazil is now almost fully compliant, having spent $800 million on upgrading software and hardware. There has been no independent monitoring of public sector work in Latin America's most populous nation, and the outlook for Brazil's private sector appears grim." Any you say they have some other problems right now? "VENEZUELA Officials in Venezuela, one of the largest foreign suppliers of oil to the United States, say the country is well-prepared. But many Y2K expert say the government is deluding itself. Consultant Jim Cassell calls Venezuela "the poster boy of nonpreparedness in Latin America."

To: Winzer who wrote (46192)	12/22/1999 8:06:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116841

< Any feeling for when the bubble pops > Theoretically, it can pop at any moment on any given day. Practically speaking, it will probably last till Christmas, maybe through this year, but then pop at either the outset of the Millenium or sometime in January. I cannot see this lasting into February. The danger is that people will start taking profits on the 28th of December and put the proceeds into the laggards and beaten down issues. If that occurs, we could see the A/D line turn substantially positive and the indices get hit quite badly.