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

To: Enigma who wrote (18346)	9/10/1998 12:14:00 PM
From: long-gone	Respond to of 116795

Quick anyone or all, What is this greater US stock market worth? What would be the value of 5% of it? How much would everything be on a split of 75% to XAU 5% to Jr's and rest to bullion? rh

To: Enigma who wrote (18346)	9/10/1998 1:08:00 PM
From: CIMA	Read Replies (2) \| Respond to of 116795

Good morning to you all. After a record gain of 380 points on Tuesday, the Dow Jones dropped 155 points on Wednesday and is now off 225 points in the first hour of trading on Thursday. The reasons, in point form, are as follows: - Strong possibility of impeachment proceedings relating to President Clinton - Dissapointing profit announcements by companies - Quarterly trade deficit at a new high. The Commerce Dept. announced this morning the current account deficit rose from 46.7 Billion in the first quarter to 56.5 Billion in the second quarter. Thus, putting the nation on track to register a deficit of $200 Billion + in 1998. This would be the worst performance in history. To put it into perspective, the 1997 current account deficit was $155 Billion. These last two points are completely in line with our projections made over the last 11 months. Specifically, we have stated on several occasions "with the global economy going into recession and their currencies devaluing, who will be left to purchase US goods?". Pursuant to this opinion, we continue to conclude that very little fundamental value exists in equity markets today, especially US markets. The fact of the matter is that major global economies and regions are in trouble and their problems can not be solved overnight. It took several years of poor credit management to reach this point and it will take some time to correct it. We continue to remain very defensive in our portfolio. Pursuant to possible impeachment proceedings in the US, gold is now up $6.50 on the October Comex Gold. To elaborate, gold is now the beneficiary of decreasing confidence in the US dollar, brought about by the strong possibility of impeachment proceedings, as well as, Alan Greenspan's comments the Federal Reserve Board is leaning towards an interest rate cut. We had expected gold to move yesterday, soon after the announcement of a bi-partisan investigation into impeachment options. However, the Japanese central bank announced a small cut to interest rates, which led to more Asian money flowing into US dollar denominated securities. It now appears money is flowing out of the US dollar and into gold, at least until the full contents of Ken Starr's report are released. Secondly, the TED spread, the difference between 90-day T-Bills and the Eurodollar, is now up to .78. It is a generally accepted principal that a spread of .80 or higher is an indication of global economic concern. For our new subscribers, a bulletin explaining the TED spread was broadcast in July. If you need a copy for your records, kindly forward a request and we will send it directly. We will keep you updated. Regards, Agora. The Investor's Investor. Published by Agora International Enterprises Corp. c COPYRIGHT 1997-1998 by Agora International Enterprises Corp. ALL RIGHTS RESERVED Information presented by The Investors Investor is not an offer to buy or sell securities referred to herein. It is strictly for information or entertainment purposes, highly opinionated and not in any way guaranteed as to accuracy or completeness. Readers are urged to obtain complete financial and other information directly from their investment advisor or the company. We are not liable for any investment decision. We are not an investment advisor, analyst, market maker, geologist, mining expert, money manager, stockbroker, etc. Stocks mentioned tend to be extremely speculative, volatile, high-risk and unsuitable for all but the most aggressive investors willing to lose all of their investment. DISCLOSURE STATEMENT AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Mirandor Explorations Inc., Sideware Systems Inc., King Communications International and Valu-net Corporation for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in these companies AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals. AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in these companies.