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

To: Abner Hosmer who wrote (6971)	1/30/1998 3:07:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116760

Becker sez:in t' real wrld, U'll have Ur hd handed 2U!Hd N hand=hd N bush? Care to clarify your graphic allegory? U R correct, Thomas...it isn't funny!.. not 2 those 5 subordinates! Not to Clinton's wife. Not to most of us normal folk. Certainly not to our more prudish "global villagers!!!" This dude doesn't have a private life... obviously, he's the last one to know it. Prince Charles Knows there is no private life... DeGaulle knew it Churchill knew it Roosevelt knew it Kennedy knew it NBA stars know it I don't care when Col. Clink: pats his wife, belches, farts, scratches, eliminates, picks his nose, brushes his teeth or changes his boxers... but all else is NOT PRIVATE!!! AND IF "IT" EVER WAS, it certainly TAIN'T now!!! What do you think of a lil'woman who sends her man outta town for hick adulation while she tries to "clean house" while he's gone? Anyone else see the irony in this strategy???

To: Abner Hosmer who wrote (6971)	1/30/1998 3:39:00 PM
From: philv	Read Replies (1) \| Respond to of 116760

The "Silver" controversy. Big spike in silver today due to denials of market manipulation. biz.yahoo.com Phil

To: Abner Hosmer who wrote (6971)	2/1/1998 4:00:00 AM
From: Abner Hosmer	Respond to of 116760

For anyone who might be interested, "The Structure and Operation of the World Gold Market", an IMF paper by G. O'Callaghan, can be ordered for $15. Click on finish/review at the website for ordering details: bernan.bernan.com

To: Abner Hosmer who wrote (6971)	2/1/1998 4:12:00 AM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116760

"When they wrote that government ownership of gold does not contribute directly to general welfare, the study's authors...did not speak on behalf of the Fed. However, many outside the Federal Reserve take issuance of the study (International Finance Discussion Paper No. 582) as a clear sign the United States is considering a major change in its policy toward gold..." Vincent E. Cook in the Journal of Commerce (July 3, 1997) The home page of Stephen Salant, who co-authored the paper recommending that central banks sell all their gold: econ.lsa.umich.edu The paper itself can be downloaded with Adobe Acrobat. The paper consists of about 50 pages of equations, charts, and commentary, foucuses largely on the effects of sales on mining: econ.lsa.umich.edu There is apparently a review of the paper available on the web from the Christian Science Monitor, but I haven't yet been able to access it: csmonitor.com

To: Abner Hosmer who wrote (6971)	2/1/1998 4:31:00 AM
From: Abner Hosmer	Respond to of 116760

"Eventually, however, the price that would have prevailed without the stabilization scheme - the "shadow price" - will rise above the board's target. At that point speculators will regard the commodity as a desirable asset, and will begin buying it up; if the board continues to try to stabilize the price, it will quickly - instantaneously, in the model - find its stocks exhausted. Salant pointed out that a huge wave of speculative buying had in effect forced the closure of the open market in gold in 1969.." Paul Krugman examines the mechanisms of currency crises, and compares/contrasts the European, Latin, and Asian crises. The above quote is from chapter 1 "the canonical model". CURRENCY CRISES web.mit.edu Also worth reading, Krugman takes a closer look at the Asian crises, a landscape fraught with "moral hazard", where the dynamics of speculation and risk were altered by the perception of government guarantees: WHAT HAPPENED TO ASIA web.mit.edu