Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bobby Yellin who wrote (16211)	8/20/1998 8:34:00 AM
From: J. Nelson	Respond to of 116813

B.Y. T.Y. Good read today. Say have you seen any report on NISAN for autos? It's funny but where I live there are dealers who have changed hands, some have not sold cars for 3 months as dealers did nothing to hold the line. We have strong dealers in Ford, (old local family) yet the others are all in the take over stage ie. chev, honda, pont, etc. by one large firm. They seem to have bought up every dealership there was around to take two sides of the coin. First the good out of the U.S. auto market and the lines from Japan to cover sales when the U.S. auto market falls out of wack for a time with the flip flop of the yen. Have you seen any of this in your local economy by dealers ? Right now it seems that Japan lives on Autos as much of the past big money came from v.c.r. and computers that are more U.S. and Mex based. One thing that I have seen a big change in is the amount of computers compact is selling to local business in the purchase of 30 to 50 units each by a lot. If you wish to know what firms are doing this P.M. me and I will fill you in. Have a great day. Jim.

To: Bobby Yellin who wrote (16211)	8/20/1998 10:30:00 AM
From: John Mansfield	Respond to of 116813

OT - Senator Bennett on yesterday's internet Y2k conference ' Keynote speaker Sen. Bob Bennett, R-Utah, set the tone for the conference with an exhortation to businesses to exchange information. He addressed the need for the corporate community to share their Y2K solutions, and "tell everybody, be as open as possible, so we can all plan." Bennett emphasized the concern that corporations were not being candid in revealing their Y2K preparations, for fear of litigation problems. Those who could share potential solutions worry about being sued if the ideas don't work out. He also spoke out about companies which are not revealing their Y2K status to their investors. "I say to those businesses, 'You're going to get in serious legal trouble down the road if you try to avoid smaller legal problems now,'" said Bennett. .... worldnetdaily.com

To: Bobby Yellin who wrote (16211)	8/20/1998 10:37:00 AM
From: John Mansfield	Read Replies (1) \| Respond to of 116813

OT - 'Hardly a voice of confidence' _____ From: "Joseph E. McIsaac" <jem@marketpartners.com> 16:11 Subject: Re: Fed Official on BBC I think that the Fed will issue new currency, then pull it back when it turns out that it is no longer necessary in circulation. Rob O'Neal wrote: > Tonight I was listening to the BBC broadcast on NPR and they had a Clyde > Farnsworth, a Fed Reserve official in charge of "payments". He stated that > they Fed will be stockpiling an additional $50 billion in currency in > anticipation of Y2K related withdrawals. > > Now this figures to about $200 a person. Not a huge amount of money in the > big scheme of things. Clyde said this would be used for "small purchases" > for a week or so, while the "bugs are worked out of the system". > > When the reporter pressed him on the subject of whether or not the move > would be interpreted as the Fed's admission that there would be problems, > Clyde stumbled back into the party line about how they have every reason to > be confident the banking system will function. He did so very haltingly > and he measured every word. Hardly a voice of confidence. > > Rob ______ From comp.software.year-2000

To: Bobby Yellin who wrote (16211)	8/20/1998 11:04:00 AM
From: Alex	Read Replies (1) \| Respond to of 116813

Phila-region mfg price slide unprecedented-Trebing NEW YORK, Aug 20 (Reuters) - Materials prices for Philadelphia-region manufacturers have undergone an unprecedented slide, said Michael Trebing, an economist at the Federal Reserve Bank of Philadelphia. ''When we compare the results of this month's survey to previous months', we're seeing unprecedented levels, on the index at least, for prices paid,'' Trebing said in a teleconference. He referred specifically to the prices paid index of the regional Fed bank's monthly business outlook report, which fell to -10.6 in August from -2.1 in July. The index's measure of prices received fell to -8.2 from -5.8. ''On our price indicators this month we're seeing the firms report overall declines in both input prices and the prices they received for their manufactured goods,'' Trebing said. Asked what had produced the declines, Trebing said ''one could speculate that it's a combination of slowing in growth of the manufacturing sector ... and also some possible impacts on prices from imports, etc.'' The overall index of Philadelphia-region manufacturing activity fell to 13.3 in August from 11.6 in July.

To: Bobby Yellin who wrote (16211)	8/20/1998 4:30:00 PM
From: goldsnow	Respond to of 116813

Piece in the Middle East? Arabs accuse Israel over West Bank drought crisis By Alan Philps in Jerusalem PALESTINIAN officials have accused the Israeli authorities of cutting water supplies in the drought-hit Israeli-occupied West Bank so that Jewish settlers can sprinkle their lawns and top up their swimming pools. The shortage is most severe in Bethlehem and Hebron where there is a black market in water provided by privately owned tankers. Some outlying areas have tap water only once a month. Isa Atallah, head of the Palestinian Water Authority in Hebron, said: "It is really frustrating when your children are going thirsty and you see the settlers next door watering their gardens and swimming in their pools." Palestinian officials said Israel was pumping only half the amount of water required by the 1993 Oslo agreements under which the Jewish state handed back some of the land conquered in 1967 to the Palestinians. Mustafa Natshe, the mayor of Hebron, said Jewish settlers were allocated seven times the amount of water that the Arab population received. With taps dry in many places, Arabs with donkeys were queuing up at the Fawwar spring near Hebron yesterday to fill barrels. This summer has been unusually hot in the Middle East, and the neighbouring state of Jordan has had to import bottled water from Saudi Arabia after local supplies became contaminated. In Israel, water is a matter of survival. One of the many issues standing in the way of Israeli withdrawals from the West Bank is its refusal to cede control of aquifers. Ziyad Bunduq, the deputy mayor of Bethlehem, said: "The next war will be over water. I say to everyone, what kind of peace can there be while we have no water?" The Israeli authorities denied that they were cutting back on supplies to the Palestinians, saying that any shortage was due to leaky pipes. Ariel Sharon, the National Infrastructure Minister, formerly defence minister, said Israel was supplying more than required. He claimed that Yasser Arafat's Palestinian Authority was making a political issue out of the shortage. But he said: "If we want to avoid friction, we have to ensure that there will be no Palestinian control over Israel's main water sources." Official denials that Israel was selling the Palestinians short were rejected by a group of Left-wing members of the Israeli parliament who toured the West Bank to meet Palestinians. One MP, Dedi Zucker, said: "Israel has full control of water supply so while there is a shortage in Hebron, in nearby settlements sprinklers are working in the public gardens." Benjamin Netanyahu, the Israeli Prime Minister, has declined an invitation to a meeting in Norway next week marking the fifth anniversary of the Oslo peace accords because he is too busy, his spokesman said.

To: Bobby Yellin who wrote (16211)	8/20/1998 5:46:00 PM
From: Wizzer	Read Replies (2) \| Respond to of 116813

re: Dollar Slumps to Three Week Low vs. Yen as Japan says it may sell US Dollars It seems, from several examples in the past few years , that the threat of action seems to be almost enough to meet government and banking objectives (I'll leave out gold for now although it applies here also). Whether the Japanese government actually sells or not, will be another matter all together. It would depend on how sustained the reaction is to this "threat". Ultimately, I believe the Japanese will sell US reserves, but probably not to extent that the market will over-react to the sale. Also recent Russian indications of using gold to support their debt and ruble, appears to be staving off what ultimately should be the fall of the ruble and the Russian economy. This should decrease the "plunger" effect on the economy and the rampant speculation of the continued fall of the ruble that was going to occur. Government monetary and fiscal policy has always influenced all the markets and commodities. However, it seems to me that these "threats" and actions seem to be more and more drastic, as the global situation becomes more severe.