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To: Jim Willie CB who wrote (51785)	5/20/2002 2:37:54 PM
From: mt_mike	Read Replies (2) \| Respond to of 65232

JW, I hate to say it but nothing has changed. Did you see where 3 men of middle eastern descent were arrested and released in Easton, Connecticut video taping the resevoir and water treatment plant. They apparently wanted to test out the camera because it was a pretty spot. Please. We need to stop worrying about what the rest of the world thinks about us and protect ourselves. If that involves racial profiling then so be it. I was in Alaska about a month ago. The pipeline is unrpotected. The oil supertankers are unprotected and susceptible to attack. It inspires a lot of confidence when the VP says not if, when for the next attack. Our new motto should be Dont Trust Anyone, except maybe for the English.

To: Jim Willie CB who wrote (51785)	5/20/2002 3:25:24 PM
From: stockman_scott	Respond to of 65232

Live from D.C. it's ... 'Foreign Policy Live dfw.com

To: Jim Willie CB who wrote (51785)	5/20/2002 3:38:21 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Reuters Market News COMEX gold shoots to new bull market high (Adds quotes, background, closing prices) By Alden Bentley NEW YORK, May 20 (Reuters) - Gold rallied to its highest level in more than two years on Monday, as investors turned their backs on U.S. dollar assets and looked to the gold sector for protection if open war breaks out in the tense Middle East or Indian subcontinent. "There are just a lot of global uncertainties and concerns about the dollar and equity markets are being translated into higher gold prices," said David Rinehimer, head of commodities research at Salomon Smith Barney. Spot gold rallied to $316.40 an ounce, its highest since February 2000 as the dollar fell to new 2002 lows against the euro, Swiss franc and yen, making bullion more affordable to overseas investors in local terms. Bullion is up almost 14 percent in 2002 and gold mining shares, one of the best-performing investments of the year, are up 52 percent. At the COMEX division of the New York Mercantile Exchange, benchmark June gold ended up $5.10 at $316 an ounce. It ended a two-week lull by speeding above the May 7 high at $314.50 as fresh commodity fund buying kicked in. It topped at $316.70, the highest since the thinly traded early days of the contract back in June 2000. Spot was last quoted at $315.65/6.15. Markets were more illiquid than usual because many European traders were off for the Whitsun holiday. The gold sector shined on Wall Street, where the Dow Jones industrials were down 129 points in mid-afternoon trade and the tech-heavy Nasdaq was off 44 after Vice President Dick Cheney said Sunday that another terror attack against the United States was a near certainty. "It's a combination of things, said Amaury Conti, an equities trader with U.S. Global Investors, which runs a gold fund out of San Antonio Texas. "We had a little bit of renewed tensions unfortunately in the Middle East and that may have had a little bit of impact, it took the wind out of the broader market." "But the dollar is the bigger story as something we're kind of keen on," he continued. Traders were watching the XAU Index of North American gold and silver mining shares, which rose to its highest level since October 1999 and this year has far outperformed bullion prices. It was last up 3.2 percent at 83.32. India and Pakistan jockeyed for international diplomatic support on Monday as their troops traded heavy border fire for a fourth day in the wake of a deadly attack on an Indian army camp by suspected Pakistan-based Kashmiri separatists, fueling fears of war between the nuclear-capable neighbors. A Palestinian blew himself up near a police patrol in northern Israel on Monday in the second suicide bombing in less than 24 hours, but killed only himself, police said. The blast, one day after a suicide bomber killed three people in the coastal city of Netanya, raised fears of a new wave of bombings and Israeli reprisals after a lull in violence. Gold broke above the psychological $300 level in late March after Israel launched its military thrust into the West Bank after a series of Palestinian suicide bombings. Finally, floor brokers said Friday's CFTC Commitments of Traders report showed the door was open for funds to come back in because speculators had reduced their net long position by 6,596 contracts to 37,839 contracts last week. Two weeks ago noncommercial players were sitting on the biggest long position in almost seven years, raising concerns that the bulls had used up all their ammunition. biz.yahoo.com