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To: sea_urchin who wrote (15943)10/18/2002 8:58:30 PM
From: dospesos  Read Replies (2) | Respond to of 81266
 
Brother Searle!

Aureum vobiscum. ;)

Tom B was at another site today and I realized I hadn't heard your lovely pessimstic voice in ages.

I see you are still a devotee of "epater les bourgeoises" when they've got their facts wrong.

I was prompted to respond because of your comments on the Long Wave which remains a major interest of mine after all these years. Despite computer chips, birth control, and credit cards I am convinced the wave is still operative for general price levels, wages, and interest rates which drive everything else including gold and stock equities and, of course, bonds.

Being an impatient sort, I fully expected an early bottom in 1998, but really 1949 + 54 IS 2003, and we seem headed for that +/- a year or so. We are far closer to a bottom than the top, which was, after all is said and done, in the mid to late 1970's and not 1990 or 2000. Only stock worshippers believe the latter, as they were spared a recession until then, whilst the commodity folks and industry were hard hit in the 1980's and 90's.

So in my view we are due on course in the relatively deflationary terminal down phase. If it weren't for fiat money and fiat credit we'd be a lot worse off as in the 19th century and the 1930's.

I've spent most of my time since the 1996 gold top in S&P futures, but still have a love for the yellow metal whose time is coming. After all it bottomed in 1999 and is higher in all currencies since then: a lot higher in some poor cousins.

The last I wrote anything on gold was a year or two ago for Gold Eagle, but my analysis hasn't changed a bit.

gold-eagle.com

So there! There is some value in old Elliott's waves if properly done ;)

I hope you and your family are well, and I'm very happy that your nation's prospects seem brighter than when we last chatted. Or is that just for public relations and politics?

Cheers from Bro. Thomas,

Tom Drake



To: sea_urchin who wrote (15943)10/18/2002 11:46:57 PM
From: Alan Whirlwind  Read Replies (2) | Respond to of 81266
 
Wow Searle...you didn't tell me you knew celebrities!

Here's a new one:

Bird the size of a plane spotted in Alaska - paper

ANCHORAGE, Alaska, Oct 18 (Reuters) - A bird the size of a small airplane was recently spotted flying over southwest Alaska, puzzling scientists, the Anchorage Daily News reported this week.

The newspaper quoted residents in the villages of Togiak and Manokotak as saying the creature, like something out of the movie "Jurassic Park," had a wingspan of 14 feet (4.6 metres) -- making it the size of a small airplane.

"At first I thought it was one of those old-time Otter planes," the paper quoted Moses Coupchiak, 43, a heavy equipment operator from Togiak, as saying. "Instead of continuing toward me, it banked to the left, and that's when I noticed it wasn't a plane."

The Daily News, the largest daily in Alaska, said scientists had no doubt that people in the region, west of Dillingham, had seen the winged creature but they were skeptical about its reported size.

"I'm certainly not aware of anything with a 14-foot wingspan that's been alive for the last 100,000 years," the paper quoted raptor specialist Phil Schemf as saying.

Coupchiak said the bird disappeared over the hill and he then radioed Togiak residents to tell them to keep their children in.

Another local resident, a pilot who had initially dismissed the reports, said he recently saw the bird from a distance of just 1,000 feet (300 metres) while flying his airplane.

"The people in the plane saw him," John Bouker was quoted as saying. "He's huge, he's huge, he's really, really big. You wouldn't want to have your children out."

Schemf and Rob Macdonald of the U.S. Fish and Wildlife Service said there had been several sightings over the past year and a half of a Steller's eagle, a fish-eating bird that can weigh 20 pounds (10 kg) and have a wingspan of eight feet (2.60 metres), the newspaper reported.


10/18/02 07:21 ET

Copyright 2002 Reuters Limited.