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To: Alan Whirlwind who wrote (27933)	2/9/1999 7:25:00 PM
From: TD	Respond to of 116753

Al, totally agree with your comment. Buffett knows what he is doing. Just wish he would buy another 129.7 M ounces of silver, since there is only about 75M ounces on the Comex it would get very interesting. Sure glad Marty Shorty Armstrong knows so so much about silver. It works for stocks but not commodities, time will tell.

To: Alan Whirlwind who wrote (27933)	2/10/1999 3:41:00 AM
From: Alex	Read Replies (1) \| Respond to of 116753

China Aims More Missiles at Taiwan Rapid build-up of M-9s and M-11s China has sharply increased its deployment of missiles aimed at Taiwan in a move likely to raise tensions in the region and strengthen calls in Washington for Taiwan's inclusion in a US-backed regional missile defence system. The Chinese military has stationed 150 to 200 M-9 and M-11 missiles in its southern regions aimed at Taiwan. It plans to increase the number to 650 missiles over the next several years, according to military analysts in Washington privy to a classified Pentagon report. A senior administration official said the build-up risked heightening tensions in the region. China "couldn't assume that a continued missile build-up in south-east China will go unanswered". China had 30 to 50 short-range ballistic missiles in its southern areas in 1995-96 when it launched the M-9 missiles into waters off Taiwan, prompting President Bill Clinton to send two US aircraft carrier task forces to the area. The reported escalation of China's missile capability, coming before a planned visit to Washington in the spring by Zhu Rongji, the Chinese premier, is emerging as a serious foreign policy headache for the Clinton administration. It is causing sharp differences within the US government over an appropriate response. The Department of Defence is said to favour a stronger show of support for Taiwan, but the State Department and National Security fear risks to Washington's growing "co-operative strategic partnership" with Beijing. The Pentagon and Mr Clinton's foreign policy advisers are wrangling over the wording of separate Pentagon reports due to be sent to Congress. One deals with issues raised by missile defence systems in Asia to defend Japan, South Korea and Taiwan, and the other looks at the cross-strait military balance. Bates Gill, a proliferation expert at the Brookings Institution, said the Pentagon studies would mark the "first round of what is going to be a very lengthy and sensitive confrontation with China about theatre missile defence", adding: "The US side is trying to be extra cautious about how this first salvo is handled. The administration wants to avoid at all costs the broader relationship being held hostage and undermined by a single issue." Congress is already sensitive to the issue of Chinese missile proliferation following the report of a congressional committee chaired by Representative Christopher Cox. It found that China systematically over many years had stolen US military secrets, including those relating to guidance systems for rockets. A declassified version of the Cox report is due to be released in late March, but the administration has been seeking to blunt its more damaging assertions by disclosing some of the report's conclusions. A Pentagon study in October noted that China was pouring resources into missile development to improve its ability to prevail in a local conflict on its south-eastern flank "especially in the Taiwan Strait and South China Sea". The report said that China's development of its M-9 and M-11 missiles enabled "Chinese forces to attack with conventional firepower areas which previously were unreachable, even by air platforms." The M-9 is capable of delivering a 500-kilogram payload over a range of 600 kilometres. The M-11 has shorter range, but can deliver a larger payload. Both are capable of carrying nuclear warheads. The Financial Times, Feb. 10, 1999