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To: Keith Feral who wrote (116009)	3/26/2002 4:43:50 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 152472

IT WILL BE ASIA THAT BUSTS THE U.S. GOLD CARTEL who says gold is not consumed? some very surprising figures on gold industry dont IGNORE me too, Feral Kid !!! link to Gold-Eagle article below - Japan citizens are accelerating their gold purchases, which protect wealth in deflationary times as well as inflationary times, with a 670% increase in February gold purchases compared to a year ago... some doubt that gold buying will continue after March 31st... I say "full speed ahead" - TOCOM (Tokyo Commodity Exchange) has surpassed the US COMEX in gold futures trading - China has displaced Japan as the biggest consumer of platinum & gold, amazingly (I read elsewhere that China is the biggest silver consumer also, 100% for photography, and photo consumption rises 4-5% annually despite digital photo) - India is expected to increase its gold consumption by about 15% this year, in the 600 ton neighborhood (that is $6.4 Billion -- 30% of world production, fully hampered by cartel suppression) - Merrill Lynch Gold Trust is now ramping up in gold assets, after purchasing $2.75M worth of the BankofEngland gold auction two weeks ago, now holding £200 million in gold - the marketcap of all gold mining stocks is merely $35B, no wonder Wall Street is not interested... their theft would end quickly in promoting their congames article link: gold-eagle.com Nippons Going for the Gold Japanese depositors taking funds out of banks and buying gold will mean banks will have to hold funds in Japan to meet liquidity needs. That means there will be less US equities purchased, which will affect both the US stock and bond markets. Increased growing demand for gold out of Japan intensifies, as the banking problems and currency problems have Japanese investor hoarding gold. The latest numbers from the Ministry of Finance in Japan indicate gold imports were up 622% for the month of February. We believe the demand will only continue to grow, as their problems will not going away anytime soon. If this gets catchy with the rest of the world, we could have a real raging bull on our hands. Day after day TOCOM volume in gold continues to be higher than the COMEX. Those who believe that this will come to an end on 3/31/02 are sadly mistaken. Fear has taken hold in Japan. There could be $500 to $700 billion in buying over the next year. How does the criminal cartel like those apples? It is impossible for the world economy to continue as it is. A monumental financial crash is inevitable. The present monetary system will collapse and the world will return to a Gold Exchange Standard. The Nikkei Weekly quoted a senior official at Tanaka, the country's biggest gold refiner and dealer, as saying that "this is a once-in-a-lifetime opportunity to market gold to Japanese consumers." Tocom prices for gold futures are leading the gold market for the first time in 10 years. China and India Going for the Gold Beijing, March 19th Asia Pulse the world's market demand for platinum/gold was 2.52 million ounces in 2001, down 11% year-on-year. However, China's market demand for the product grew 18% in the year, and China has replaced Japan as the largest platinum/gold consumer in the world. Compared with foreign products, China-made platinum/gold products are yet to be improved in quality and design. Meanwhile, related rules and regulations are also needed to standardize market activities. February gold purchases in Japan were up 662%. They imported 19.8 tons versus 8.01 in January and 3.77 tons in December. This is only the second time since 1996 that they have been in double digits. We believe that India's official gold imports will exceed 670 tons in 2002 up from 594 tons in 2001. (Editor's Note: This represents nearly 30% of the world's entire mine production) Investment Newsletters Going for the Gold Eleven gold timing newsletters recommended gold market exposure at 54.7% as of 3/08/02 up from 37.5 the previous week. Except for traders short-term gold market machinations are not important. What is important is long-term fundamentals. The optimistic goal for exposure is 80.6% and 54.7% is a long ways away. Gold has been in a bull market since last June and probably a year before that. The important thing is staying the course and looking at the longer term. There are only $35 billion worth of gold shares out there and once the investing public rediscovers gold and gold shares there just won't be enough to go around thus the upside will be phenomenal. We have had a stealth gold and silver bull market so far and that's good. It allows the introspective and diligent to cash in on their homework. Soon the dollar will fall, foreigners will sell dollar assets and gold and silver will move higher. The 22-year bear market will be history and all that pent up demand will spring forward. We see the levels of $512 to $525, $670 to $680 an ounce being easily breached. Then the attack on the old high of $820 to $850 an ounce. Many will make fortunes as 95% of investors stand by and watch, as they believe the lies of our government and Wall Street. Remember there are more Enron's out there and like Enron they won't be single issue scandals but interlocking scandals, each outrageous in its own right. Lies, false accounting, gimmicks, deception and the buying of political influence have been going on for years and will now be exposed. The coming financial catastrophe, which only gold and silver will survive, will shake the world to its very foundations. Merrill Lynch Going for the Gold LONDON - Merrill Lynch World Mining Trust has been aggressively building up its gold holdings, a move that has included, among other things, buying US$2.74 million-worth of the Bank of England's bullion. "Gold is looking more interesting than it has been for a very long time," Graham Birch, the investment manager, pointed out when Miningweb discussed the Trust's performance ahead of its annual meeting on March 27. "There are now some hints of investment interest appearing - and it's investment demand that powers bull markets for gold." By the end of last year the Trust, which has a market value of about £200 million, had boosted gold's share of the portfolio to 25 percent of the net asset value, Birch reveals in his annual report. That compares with 16 percent of NAV at the end of 2000. Dave Skarica - March 21st, 2002

To: Keith Feral who wrote (116009)	3/26/2002 10:30:06 PM
From: Rick	Respond to of 152472

Slightly OT GSM-land strikes again. BRUSSELS, Belgium (AP) _ European Union ministers approved funding Tuesday for a rival to the American GPS satellite navigation system, overcoming cost concerns and U.S. military objections that have delayed the project for over a year. Transport ministers released an overdue block of 450 million euros (dlrs 392 million) to fund development until 2006, when the first of 30 planned satellites are to be sent into space. That's on top of an earlier 100 million euros (dlrs 88 million) in EU money and 550 million euros (dlrs 485 million) from its partner, the European Space Agency. The EU wants to have its system, dubbed Galileo, up and running in 2008, with private firms sharing the total cost of 3.6 billion euro (dlrs 3.2 billion). Galileo backers say it will spur economic growth, as did the Ariane rocket and Airbus jet programs before it. The European Association of Aerospace Industries this week estimated that developing and operating Galileo would create 100,000 new jobs. Politics also played an increasingly prominent role, as leaders warned that Europe risked ``vassal'' status to U.S. technology in space. Galileo ``permits the EU to shake off dependence'' on the American Global Positioning System, French Transport Minister Jean-Claude Gayssot said after the vote. EU Transport Commissioner Loyola de Palacio said Tuesday's vote means that ``Europe wishes to be present on the international scene ... in all aspects of cutting-edge technologies.'' Six countries_ Germany, the Netherlands, Denmark, Austria, Sweden and Britain _ had originally balked at Galileo's cost and questioned the economic viability of setting up a commercial competitor to the freely available GPS, the de facto global standard. Washington also lobbied against Galileo, calling it unnecessary. The Pentagon, which controls GPS, wrote in December that Galileo could interfere with next-generation GPS signals intended for military use. But Germany signed on to the project shortly before an EU summit this month, citing the ``considerable political, strategic and economic importance'' of Europe having its own system. That ensured a majority for Tuesday's vote. De Palacio said the EU would continue its ``best cooperation'' with U.S. officials to ensure Galileo and GPS are compatible and complementary. ``We are ready to do it immediately,'' she said. ``It will lead to the strengthening of both systems.'' A U.S. government official said talks that started two years ago with the Europeans would continue this spring when delegations of experts meet in Brussels. ``Now that the ministers have made their decision, we hope to be able to cooperate with Europe to ensure that Galileo is inter-operable with GPS and benefits users worldwide,'' the official said on condition of anonymity. De Palacio conceded that, although Galileo is billed as a civilian project, its potential military applications made political control necessary. Each of the 15 EU countries will be represented on a supervisory board, and a separate ``security board'' will also be established, she said. Tuesday's agreement called for setting up a ``joint undertaking,'' based in Brussels, to handle Galileo's development phase. To avoid potential conflicts of interest, private companies won't be able to gain seats on Galileo's management board until after key project contracts are announced at the end of 2003. Also Tuesday, ministers approved new regulations on aircraft noise that should end another dispute with the United States over adopting international norms. The measures repeal a 3-year-old EU regulation banning older planes equipped with noise-reducing mufflers, known as ``hush kits.'' U.S. officials complained, saying the hush-kit ban has cost American companies and airlines more than dlrs 2 billion in lost sales and fleet depreciation. ``These (complaints) are now definitely resolved,'' Spanish Transport Minister Francisco Alvarez-Cascos said." ----------------------------------------------------------- Exactly how much demand is there for an alternative to something that's already free? - Fred

To: Keith Feral who wrote (116009)	3/27/2002 9:43:52 AM
From: Rajala	Respond to of 152472

>I had too many people on ignore. I took everyone off. I >only had to put one person back on. Keith, my old friend, you have finally taken me off the ignore. Who says you are a pathological head case of a self-inflicted tunnel vision? Also, this was the least you could do. All these years I have dutifully read all the garbage you have written. Cherished every word as you have struggled through muddy waters explaining the fundamental reasons why GSM will fail and why it is better for the operators to go GSM1X and why the people don´t mind changing their handsets. - rajala