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To: PaulM who wrote (30761)	3/28/1999 11:15:00 AM
From: Edmund Lee	Respond to of 116796

Serbian War NATO members believed that Milosevic would return to the table as soon as a bomb had fall on Yugoslavia. The air power of the NATO ally war machine was invincible and all the blood will be shed on the other side. The shot down of a most advance warplane, a Stealth fighter F-117A proved not to be the case. The Serbian army is better trained and equipped. The war is not going to be short. NATO had their entire cards on the table and Milosevic last card is remain to be seen. Going through history, US had never been able to bomb his enemy into submission since the end of 2nd World War. He couldn't do it in Korea, not to mention Viet Nam nor Iraq recently. Now the so-called second stage of warfare is on. This involves low flying and slower plane such as A-10. Soon we will see on screen the footage of captured died or alive US and NATO pilots. Then the American public view will change and want US to get out of the war. IMHO, What this has to do with gold? The investment sector may hold the same view as our political leaders did, forcing gold down. Facing a long war ahead, they may have a second thought.

To: PaulM who wrote (30761)	3/28/1999 11:37:00 AM
From: Hawkmoon	Respond to of 116796

5. With the Pentagon's Dog and Pony show gone awry, continued and ongoing questions as to why we pay so much for the Stealth. Don't blame the Pentagon for Yugoslavia. The blame rests solely in the hands of the US adminstration. DOD strategists have been informing the White House of the limits of air power for years now. And most people realized that with the commencement of bombing, Milosevec would have the perfect excuse to ratcheting up the pressure on civilians in Kosovo. As for Stealth technology, I suspect the Russians already possess much of it, especially since I recall that some of the early physics on radar refraction and dispersion was developed by Russian scientists decades ago. The problem for them is the expensive technology in composite material manufacturing, and computer technology to control what is essentially an unstable aerial design, that they require to replicate it. Regards, Ron

To: PaulM who wrote (30761)	3/28/1999 6:28:00 PM
From: Alex	Respond to of 116796

Soaring sales leave gold merchants smiling By Ruwani Fernando Dubai - Gold merchants have reason to smile during Eid Al Adha because they expect to sell 20 per cent more gold than they did during Eid Al Fitr in January, thanks to the Dubai Shopping Festival, a member of the Gold and Jewellery Group said. "We generally have more people buying gold during the Eid holidays, but we have more customers from the GCC countries and Western tourists coming to the City of Gold during Eid Al Adha since it coincides with the Shopping Festival," said C.P. Renjith, manager of the Gold and Jewellery Group. He added that the Gold Souk, which usually comes alive after 5pm, has been teeming with customers all day. "We have seen a lot of cars with Kuwaiti and Bahraini number plates in this area." But gold dealers are not offering discounts because the cost of gold makes up 97 to 98 per cent of jewellery prices, leaving only a two to three per cent profit for the retailer. "So most retailers are offering give-aways, but the major promotion is the Shopping Festival gold raffle. Every night we are holding a draw for a kilo of gold. On April 2 and 14, in addition to the nightly draw, we will also have mega draws for five kilos of gold. Gold buyers will be given a raffle coupon for every Dh500 they spend." But a gift of gold has an intrinsic value beyond mere price, Renjith said. "People don't have to spend a lot of money on an Eid gift, as they can buy a gold pendant for Dh50, which would be better appreciated than an expensive electronic product or a designer dress." Not all gold buyers have the same taste. "Most UAE nationals buy 21-carat jewellery, which is not as yellow as the 22-carat preferred by Indians. Westerners and Arab expatriates go for the whitish 18-carat, which Asians rarely buy. "Pure 24-carat gold is generally more brittle than other types of gold which can be used on a regular basis, but now, as a result of manufacturing techniques pioneered in Bangkok, the Gold Souk sells pure gold jewellery, which is more expensive because of the longer manufacturing process," Renjith said. gulf-news.co.ae