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

To: Richard L. Williams who wrote (21757)	10/15/1998 8:30:00 PM
From: C Hudson	Read Replies (2) \| Respond to of 116782

Major Gold News!! Japan and China have been buying gold for at least three months now. Possible plan on getting together some type of IMF set-up with the yen as a reserve currency with some holding in gold!! Commentary can be found from Bill Murphy at: lemetropolecafe.com

To: Richard L. Williams who wrote (21757)	10/16/1998 11:54:00 AM
From: E. Charters	Read Replies (2) \| Respond to of 116782

Wartime gold was hard to mine in Canada due to the manpower shortage although it was considered a strategic metal. They had the Emergency Gold Mining Act during the war and although few gold mines were started some were kept limping along. The price was calculated on cost of production and some mines say close to 40 dollars. The Leitch got 38.50 an ounce I believe. Only Kerr Addison and Campbell Red LAke didn't need the act's premium price. Copper by contrast was rushed into production. Copper was hard to find and Canadian production was at a premium. Mines like the Kam Kotia in Timmins were prioritized and permitted quickly. One of the big problems was getting electric pumps as the best high pressure ones for pumping from shaft bottoms came from Germany. If something pumped water then it was on a convoy. EC<:-}

To: Richard L. Williams who wrote (21757)	10/16/1998 7:44:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 116782

The Germans were hampered by the Treaty of Versailles among other post-war agreements which limited the size of their navy, army etc. With regards to their airforce, they never did develop the long range bombers necessary to cripple Russian production of war material in the Urals and quash the Russian Bear because they entered the war already tied to medium range prototypes. As Germany's civilian air service grew throughout the 1930's, planes were brought into production with dual purpose designs. These many passenger civilian planes were readily converted to medium range bombers with the onset of the war. And their development apparently raised no hackles with those who were sticklers over the various post WW I agreements. They were fine, however for knocking England out of the war. If the Germans would have considered England more of an enemy than Russia, the outcome may well have been different. Anyway, why are gold and stocks moving up together? Still think a record downday is in the cards this month. --Alan