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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (380)	6/12/2002 9:41:38 AM
From: Jim Willie CB	Respond to of 89467

big Euro/Arab selling before WTC could tip breakdowns /jw

To: SOROS who wrote (380)	6/12/2002 2:19:13 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

taken from Slider: Fidelity Johnsons own 20% of Newmont / jim The famous "Johnson" family which owns Fidelity have been one of many old/big money families personally accumulating HUGE "personal" positions in gold stocks. There have been a couple of articles about a rather large well connected group of some of the biggest old-money families in America not just "hedging" portfolio's with gold stocks - but, accumulating very large positions. ...ironic that these very well connected folks; seem to be a bit more worried about the present market valuations & the global geopolitical environment...than their minion market pundits. The pundits poo-poo and talk GOLD down - all the while America's wealthiest and best informed familes have been quietly accumulating HUGE positions ! whodathunkit ? re: biz.yahoo.com Abigail Johnson & Edward Johnson III are both 10%+ beneficial owners of NEM !

To: SOROS who wrote (380)	6/12/2002 5:09:39 PM
From: Jim Willie CB	Read Replies (6) \| Respond to of 89467

message from friend in mining business, who goes to SoAfrica he doesnt address the financial implications much he is involved in mine inspections and safety in December he told me that Saudi oil rigs are the most dangerous on earth, with toxic sulfurous oxide gases more later on the finances, like diversion of mining capital / jw my question: Ken, two weeks ago I read a news report about nationalization of SA mining industry... it was a report from Johannesburg's Congress with new legislation... many new practices will have forced upon the mining firms... like community investment and development...I had warned several investing friends in March & April to beware of SA mine stocks... I thought the risk would be (and might still be) labor disputes and strikes, and expected the SARand to enjoy a bounce back versus the dollar... now it appears both risks happened could you help me to understand how business will change from your pespective? a great many changes are in store, each cited without much detail but from your professional view, what do you see changing? thanks much / jim his reply: Hi Jim, Good question. Don't see any big changes based on these new regulations. As I see it, these regulations simply place mineral rights where they are most commonly held, with the Government, not with private companies. In this way, Government can spread the benefits of this resource based economy. It's not clear how owners of these mineral rights will be compensated, if at all. see ya, K