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

To: Ron Schier who wrote (12148)	5/25/1998 11:17:00 AM
From: Crimson Ghost	Respond to of 116832

Ron: The golden glass can be viewed as half full or half empty. To me gold is holding up extremely well considering the super-strong dollar. BTW, renowned economist Martin Armstrong expects gold and the dollar to surge together the next few years, reflecting strong capital inflows into these markets.

To: Ron Schier who wrote (12148)	5/25/1998 12:47:00 PM
From: Terry Rose	Read Replies (1) \| Respond to of 116832

Ron, The strength of the U.S. dollar is due to capital inflows from outside the U.S. and is not due to strong fundamentals since it is backed by 6 trillion dollars worth of debt. Examples of inflows are 1. Asian and European central bank purchases of our debt. 2. Hedge fund spread activity ie. yen/dollar carry trade (borrow yen at .5% and buy treasuries yielding 5-6%) and gold/dollar carry trade (borrow gold at 1-2% and buy treasuries at 5-6%}. One of my main premises in understanding the strength of the dollar, bond market, and stock market is that a lot of it is due to Japan's loose money policy done to prevent deflation which resulted from their own bull market's implosion. In essence their bull market was transferred over here. All parties must come to an end. The latest oasis of a strong dollar and low inflation has weeds sprouting up all over the place. Some of the weeds are 1. Euro haven siphoning off some of cash headed for U.S. dollar 2. Record trade deficit 3. Employment cost index inflation is escalating despite the government's latest fabricated report. Once these weeds get big enough this oasis looses it's water supply and becomes a desert. How will gold do in the cycling down in the value of the dollar? I think it will do well and be the ultimate safe haven. My gut instinct is based on all the media bashing on how poor an investment gold has been. Being a contrarian by nature I think that the big players who influence the media and probably own some of the media are fading the market while they accumulate gold at bargain prices. Terry,

To: Ron Schier who wrote (12148)	4/11/2002 4:24:04 PM
From: long-gone	Respond to of 116832

SEC INSTITUTES AND SETTLES PROCEEDINGS AGAINST PHOENIX FIRM AND TWO INDIVIDUALS FOR ACTING AS UNREGISTERED BROKERS AND SELLING UNREGISTERED PROMISSORY NOTES IN CONNECTION WITH AN INTERNATIONAL GOLD TRADING SCHEME On April 10, the Commission instituted and simultaneously settled public administrative and cease-and-desist proceedings against South West Trading Diversities, Inc. (South West) and its president, Darrell Flanders, both of Phoenix, Arizona, as well as an independent contractor for South West, Ronald Nelson Weems, formerly of Phoenix and currently of Fairfield, Connecticut. The Commission found that Flanders, Weems and South West willfully violated Sections 5(a) and 5(c) of the Securities Act of 1933 by selling unregistered securities, and violated Section 15(a) of the Securities Exchange Act of 1934 by acting as unregistered brokers. Specifically, the SEC found that, from October through December 2000, Flanders, Weems and South West offered for sale to prospective investors unregistered promissory notes issued by Big Country AGS, Inc. d/b/a AGS, Inc. (AGS), a Texas corporation based in Sweetwater, Texas. The notes purported to bear interest at the rate of 5% per month, and to be payable in full within 30 days of written demand for payment. Investors received offering materials that stated that the funds AGS received from the sale of promissory notes would be used to trade gold bullion in the Republic of Ghana and the United Kingdom. Seven of the investors solicited by Weems, Flanders and South West purchased a total of $440,000 worth of the AGS promissory notes. Neither South West, Weems nor Flanders has ever been registered with the Commission as a broker or dealer. Without admitting or denying the SEC's findings, Weems, South West and Flanders consented to the entry of an order that requires them to cease and desist from committing or causing any violation and any future violation of Sections 5(a) and 5(c) of the Securities Act of 1933 and Section 15(a) of the Securities Exchange Act of 1934, and that bars them from association with any registered broker or dealer, with the right to apply for association with a registered broker or dealer after 18 months. Flanders also agreed to pay a civil money penalty of $15,000, and Weems agreed to pay a civil money penalty of $10,000. (In the Matter of Darrell Flanders and South West Trading Diversities, Inc. - Rels. 33-8083, 34-45723, File No. 3-10752; In the Matter of Ronald Nelson Weems - Rels. 33-8084, 34-45724, File No. 3-10753) sec.gov