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

To: Zardoz who wrote (61360)	11/27/2000 4:27:23 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 116759

Hutch - re: "Will the Real Slim Shady please stand up" ... hell; I'd be happy if ole "Slim" would take a firm stand sans sarcasm & make a call one way, or the other for once without mincing words & hedging his position with endless philosophically - neutral straddled sarcastic criticism .... As far as being long here; Hell, if not now; when ? Given the unsustainability of a simultaneous growing account deficit & King Dollar, given the still equity market bubble valuations that have cracked, given the very high likliehood of accelerated repatriation of foreign investment, let alone the coming hedging of the Petro-Dollars along with alltime lows for individual Gold Miner shareprices, alltime lows for the XAU, alltime low valuations on ounces of production per $ & ounces of reserves per $.... if not HERE & NOW - when ? <"The correlation between gold and gold stocks is limited. I'd even say causal. "> - that's amusing... the correlation between the US dollar and the US equity market is limited, even casual as well. So is the XOI to the price of crude oil - if you want to be real cute about it. ...tell us why old sage one; and not with another riddle that allows you to endlessly philosophically play critic - with a perfect positionless straddle here... take a stand for once & spell out in simpletonian english for once (an ort for the masses) - "why, what & when" - otherwise save it... Or, is it too much fun to throw darts without ever taking a stand ? Come on out of the closet; you've been long NEM since $32 haven't you (VBG) ?

To: Zardoz who wrote (61360)	11/29/2000 8:26:32 PM
From: long-gone	Respond to of 116759

OT(?) - it may help U.S. National Defense Silver Stockpile Eliminated November 27, 2000 -------------------------------------------------------------------------------- (Washington, D.C. – November 27, 2000) The U.S. Defense National Stockpile Center (DNSC) committed to deliver its remaining stockpile of silver, nearly 15 million ounces, to the United States Mint for its coinage programs. The final balance of silver will be shipped to the U.S. Mint over the next few weeks, effectively depleting the silver stockpile. The silver stockpile has been managed by the DNSC, an arm of the Defense Logistics Agency. Once the U.S. Mint depletes its silver reserve, they must then purchase silver for its coinage programs from the open market, potentially boosting silver demand by up to 1 percent annually. "According to silver market analysts, this increased demand would further widen the gap between overall silver supply and fabrication demand," said Paul Bateman, Executive Director of the Silver Institute. In the late 1960s, the DNSC had over 165 million ounces of silver in its stockpile. The silver stockpile once posed a serious threat to the market when government officials determined it was no longer needed and that domestic silver production combined with reliable imports could sustain the United States in the event of an emergency. The General Services Administration, an executive branch agency, attempted to sell the silver in the fall of 1981 through auctions, but the auctions were discontinued when bid prices fell below the market price of silver. In the early 1980s, the General Accounting Office (GAO), an investigative arm of Congress, recommended that silver from the stockpile be used for coinage rather than sold on the open market. GAO's proposal assured that using silver to mint a bullion coin and other forms of coinage would minimize or eliminate any short-term market price disruption by developing new demand to offset the increased supply. GAO's proposal was implemented when Congress created the American Silver Eagle bullion coin in 1986 and specified that metal for the coin be drawn from the stockpile, unlike the Gold Eagle for which the U.S. Mint is required to use newly mined gold from domestic mines. Having consumed over 120 million ounces of silver over the past 19 years, the U.S. Mint is one of the largest silver users in the world, accounting for more than 1 percent of worldwide demand during that period. The Silver Institute is a Washington, D.C.-based nonprofit international industry association. Established in 1971, the Institute serves as the industry's voice in increasing public understanding of the value and many uses of silver. -------------------------------------------------------------------------------- For Further Information Contact: Mike DiRienzo The Silver Institute 1112 16th Street, N.W., Suite 240 Washington, D.C. 20036 Tel: (202) 835-0185 Fax: (202) 835-0155 silverinstitute.org