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: Hawkmoon who wrote (25924)	1/11/1999 3:57:00 PM
From: John Hunt	Respond to of 116915

Sources of rikan's European Central Bank Reserve Data rikan explained where he got the figures, in response to a query... << The "18 month ago" data is from IMF data released in July 1997, and listed in a Vronsky article . . . gold-eagle.com The current data is from a Press Release last Friday . . biz.yahoo.com Note that 1 million ounces = 31.1 tonnes (metric). Convert the Vronsky figures using this multiplier. >> I would think these are net increases ... but of course the leased gold on the books has been sold and may not be returned as gold.

To: Hawkmoon who wrote (25924)	1/11/1999 4:45:00 PM
From: John Mansfield	Read Replies (2) \| Respond to of 116915

'Panic Time NOW? asked in the TimeBomb 2000 (Y2000) Q&A Forum OK, we've all been watching for "barometers" to gauge the general publics response to Y2K. I just got a HUGE one in an e-mail from a friend who does NOT know I am preparing. All of you probably get stories forwarded to you from friends. You know the kind, it comes as an attachment that has been forwarded about 4,000 times. :-) Anyway, this e-mail was about the National Guard mobilization. Included was info. about the Red Cross article and the FEMA article. If the responses I saw were any indication of what is coming, a mass frenzy of buying may be starting NOW! I also wanted to share a response included in the e-mail that is apparently from a National Guardsman. I found this very interesting and the person seems to know what they are talking about: "I am a C2 (Command and Control) person with NGB in Wash DC. This is going to happen, they are currently working on the Public Affairs guidance. On May 1-2, 1999 the National Guard is going to conduct Exercise COMEX/MOBEX. In short this is a nation-wide recall of ALL 480k+ Guardsmen. This will be simulated COMM-Out, in other words the standard method of recall ie: telephone is not an option. The driver for this exercise is Y2K. The purpose is to test whether or not the Guard can be recalled with a Mobilization Order (MO) during COMM-Out. The MO in this case will be a simple phrase to determine where the holes in the system are. This will NOT be an actual MO. Significance 1. The National Guard has NEVER performed a national test of the system. Individual units or States do perform tests of their systems internally, on an annual basis, with standard methods ie: telephone. Each unit has a recall plan with backup system: Radio/Television then house to house. In theory, the system should work. 2. The last time there was full mobilization was 1940 with the National Guard being absorbed by the Army in preparation for WWII. 3. Mobilizing the Guard is big-doings, even thinking about it is big-doings. Parts of the Guard were Mobilized for Berlin Airlift, Korea, Berlin Wall, Pueblo Crisis, Vietnam, Desert Storm and units are rotating through Northern/Southern Watch, Bosnia, Haiti etc, but never the WHOLE thing. When you recall almost a-half-a-million troops that are embedded in every career field expect to disrupt parts of society. 4. The President can only recall 200k and that requires an Executive Order declaring a National Emergency. Full mobilization requires Congressional input. 5. The Guard can be mobilized in one of two ways: Federal and State. When recalled for State status, The Guard falls under the control of the individual Governors and laws of the individual States. When recalled for Federal status, the Army Guard becomes part of the US Army and the Air National Guard becomes part of the USAF. This depends upon the wording of the recall order, they can be used "to execute the Laws of the Union, suppress Insurrections and repel Invasions" (U.S. Constitution, Article I, Section 8, Clause 15). Because of the "execute the Laws of the Union" it can be argued that Posse Comitatus does not apply. Outcome Logistically, we have a nightmare situation regarding recall. Most Guard units are comprised of personnel that live in a surrounding area of the unit, but that can include crossing State lines. During this exercise I can promise you that the nationwide numbers will be 95%+ personnel contacted and ready to respond. In the Real World a COMM-Out situation compounded with rolling or otherwise brownout/blackout -a 25% attrition rate, for the 72 hour recall period. WHAT DOES IT MEAN? [commentary] The government is gearing up for a nationwide deployment of troops that we haven't seen since World War II. A national emergency will almost certainly be declared before troops are deployed. The US Constitution will again be hotly debated as the Clinton administration attempts to deploy the National Guard as a "national police force." But attrition will be high. The predictions above conclude that approximately 25% of the guardsmen will be a no-show. If Y2K turns out to be worse than most people now think, expect that to increase to 50%. That will leave the National Guard with approximately 240,000 troops: just a quarter-million troops. Divide that among the 120 largest cities and you end up with only 2,000 troops per city. "Spread too thin" takes on new meaning here. Will the National Guard really have the resources to stop riots? Will they have the resources to actually reach people that need help? The bottom line here is easy: don't depend on the National Guard to save your a**. Get prepared now. Follow the advice of the American Red Cross and FEMA. Stockpile the supplies you can afford and that you think are necessary." It will be interesting to see what happens as this e-mail info. spreads. -- Gayla Dunbar (privacy@please.com), January 11, 1999 Answers Whaamaakaaneezzz! Gayla, THANK YOU. Who needs coffee anymore?! These insider eMails are good to read. Very glad you're back with us, Gayla; have missed you. Would write more but we're off to the Mill to get, yep, rice & beans & whatever else they've got. In our CERT/NERT/NET/FEMA class, guess who was there? Yep, employee of the big Mill; they've had to go to three shift, just hired another 14 people. The Mormon cannery in Cascadia in now CLOSED to non-Mormons. They cannot keep up with demand! The emergency supply outfit is hiring like crazy and extending hours. Off to bulk market, Ashton & Leska in Cascadia, who are sick of shopping and almost out of money, but figure get it while you can xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xx -- Leska (allaha@earthlink.net), January 11, 1999. Contribute an answer to "Panic Time NOW?" timebomb2000@yourdon.com

To: Hawkmoon who wrote (25924)	1/11/1999 4:54:00 PM
From: John Mansfield	Respond to of 116915

To: Hawkmoon who wrote (25924)	1/11/1999 5:59:00 PM
From: Al Cern	Respond to of 116915

The question is where is the physical coming from? If the borrowers of the gold can't get the gold to satisfy the loan, then surely the CB's can't either. The only way I see them getting out of this mess is by buying the miner's hedges. Once they are set up to their liking, then the price will go up because it will be in their interest to see the marginal mining companies, who are the likely sellers of the hedges, be profitable. The solvent (low cost) miner's are probably not hedging and are helping create this situation. I think that this is the way the CB's will attempt to extricate themselves out of this situation, if it actually exists. Sincerely, Al Cern