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To: IngotWeTrust who wrote (30010)	3/14/1999 1:13:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116762

one would think that POG will be supported by oil regardless of G/S efforts to the contrary..and no one (even Saudis) have any interest in driving Oil down...as for WB..sorry.. Berkshire Report Sheds No Light On Silver 12:45 a.m. Mar 14, 1999 Eastern By Derek J. Caney NEW YORK (Reuters) - Warren Buffett couldn't have covered his tracks any better on his silver position than he did in his Berkshire Hathaway annual report issued Saturday, in which he offered no new information regarding a position he announced in early February 1998. Berkshire Hathaway had nothing specific to say about the silver position as it now stands. In its report issued over the Internet Saturday, it grouped silver along with its other ''unconventional investments,'' as reported in its 1997 annual report, which also included crude oil and U.S. treasuries. A year ago, Berkshire Hathaway announced that it had purchased 129.7 million ounces of silver for London delivery. The announcement caused silver prices to soar to nearly $8 an ounce, its highest level since the early 1980s. The spot bullion price for London delivery is currently hovering around $5.30 an ounce. Saturday the company said, ''We can report ... that we have eliminated certain of the positions discussed last year and added certain others.'' The company report said the only reason Berkshire disclosed its silver position in 1998, which by some estimates accounted for 20 percent of total silver supply, was that ''questions about our silver position that we had received from regulatory authorities led us to believe that they wished us to publicly acknowledge this investment. ''Normally ... we see no advantage in talking about specific investment actions. Therefore -- unless we again take a position that is particularly large -- we will not post you as to what we are doing in respect to any specific holding of an unconventional sort.'' Copyright 1999 Reuters Limited.

To: IngotWeTrust who wrote (30010)	3/14/1999 1:18:00 PM
From: goldsnow	Respond to of 116762

and here is a reason why "Red Oskar" retired...good for Euro not so good for dollar? Germany To Set New Priorities With Lafontaine Gone 06:25 a.m. Mar 14, 1999 Eastern By Erik Kirschbaum BONN (Reuters) - German Chancellor Gerhard Schroeder's top policy adviser said Sunday the government would change direction following the unexpected departure of left-leaning Finance Minister Oskar Lafontaine. Chancellery Minister Bodo Hombach said that Schroeder, a moderate in his leftist party with close ties to industry, would redouble efforts to cut taxes and try to remove barriers that have hindered companies investing in Germany for years. ''Things will obviously be different now,'' Hombach told ZDF television. ''We have to move in a different direction. Gerhard Schroeder will have different priorities, that's obvious.'' But the powerful left wing of the ruling Social Democrats warned Schroeder against tampering with the core elements of the government's programs. Detlev von Larcher, a leader of the SPD's left wing, said Schroeder would be looking for trouble if he tried to redirect the party. ''That would lead to a major conflict within the SPD and would undermine the government's abilities over the long run,'' von Larcher told the Welt am Sonntag newspaper. Schroeder's government was shaken Thursday when Lafontaine abruptly quit as finance minister and SPD chairman. He tried to limit the fall-out by quickly nominating Hans Eichel, who lost re-election as state premier in Hesse last month, to replace Lafontaine as finance minister. Schroeder took over the SPD leadership himself. A German industry leader said Sunday he hoped that the chancellor would use Lafontaine's exit as an opportunity to overhaul the government's economic policies and cut the country's 10 percent unemployment rate. ''I see the chance for a change in direction that will show the government is interested in policies that will be of benefit to the entire economy,'' Dieter Hundt, president of the BDA German Employers Association, told German Radio. ''Industry will honor that,'' he said. ''The previous policies had Lafontaine's signature all over them. We now have the chance for more modern economic policies which will then have a positive impact on the labor market.'' The outspoken Lafontaine, who had been ridiculed in the media for his leftist tax-and-spend theories and ostracized in financial circles for his lonely cries for market regulation, has sought seclusion behind the gates of his Saarbruecken home near the French border. In his only comments since quitting, Lafontaine Saturday briefly appeared before journalists who had been camping out on the street outside his house and said that he was a private citizen now and wanted to be left alone. Lafontaine submitted his resignation in writing and has refused to discuss any aspect of his bizarre departure. He has even hung up the phone on Schroeder, whom he had long called a close friend and ally. Schroeder, whose victory over Helmut Kohl in last September's election would not have been possible without Lafontaine's support, has declined any public comment on Lafontaine's motives. But the Chancellor admitted in a remarkable hoax telephone interview he unwittingly gave to a Berlin radio reporter posing as German President Roman Herzog that Lafontaine refused to speak to him. ''I received his letter of resignation...and have not been able to talk with him because he does not want to talk with me,'' Schroeder told the reporter, who was imitating Herzog's voice. Copyright 1999 Reuters Limited

To: IngotWeTrust who wrote (30010)	3/15/1999 7:21:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

Well, I wonder if this is what the greenies really wanted to "gain" from the low commodities prices and high dollar?: (We know his "green connection" is why Ron wants a low price of gold) <<Yahoo! NewsScience Headlines Monday March 15 12:51 AM ET Iceland Parliament Votes To Resume Whaling By Jonathan Lynn STOCKHOLM, Sweden (Reuters) - Iceland's parliament has voted to end a 10-year ban on whaling and asked the government to prepare for a resumption by next year, a senior official said Friday. The parliamentary resolution, passed Wednesday, is certain to outrage environmentalists, but underlines the fiercely independent North Atlantic island's determination to fish the seas as it sees fit. ''Parliament gave the green light for the resumption of whaling in Iceland,'' the government official, who asked not to be named, said by telephone from Reykjavik. The resolution urges a resumption of whaling as soon as possible, upholds Iceland's sovereign right to harvest its resources, calls on the government to implement the decision, and assumes whaling will start no later than 2000.(cont.)>> dailynews.yahoo.com