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: John Hunt who wrote (31653)	4/13/1999 9:06:00 AM
From: Enigma	Respond to of 116790

John - it would be more than a shame if that was your last post - because you are one of the best contributors to the thread - my point is this - if you post an article as extreme as the last one it is a good idea to have some idea of the agenda and background of the source - as an example I doubt if you'd even consider quoting something by Zundel?? Also I think it is entirely legitimate to pose questions about quotes, and dare I say it, opinions of one's own? Here is an article from the Times of London - note the fact that this is supposed to be the WORST civilian casualty list of this war, not that there is any joy in that: April 13 1999 BALKANS WAR Bridge bombing claims highest civilian death toll © The wreckage of the train that crashed in Kosovo after a Nato air attack yesterday, causing the greatest civilian death toll of the hostilities so far Photograph: SERBIAN TV Nato hits passenger train BY TOM WALKER, CHARLES BREMNER, PHILIP WEBSTER AND MICHAEL EVANS NATO admitted last night that a missile attack on a railway bridge south of Belgrade had struck a passenger train. At least nine people were reported to have been killed and another 16 injured. A Nato official said the bridge at Grdelica ravine near Leskovac was an important part of the Yugoslav military supply lines. "There was a train on or near the bridge at the time of the strike. There was no intent to hit the train and we deeply regret any loss of life," he said. The missile attack appeared to have cut the train in half, dragging two coaches down into the gorge. Foreign journalists bused to the scene by the Yugoslav authorities reported that all four coaches were smashed and burnt, while the engine was partly wrecked, although it remained on the track. The bridge itself was also severely damaged, with rails torn up. One of the first rescuers on the scene, Dr Tomislav Cvetanovic, was reported as saying: "People were moaning and screaming for hlep. Others managed to climb out of the windows." And Dragan Ciric, from Nis, told the state-run news agency Tanjug that he had scrambled through the window just before his carraige became a ball of fire. Another passenger who suffered only minor injuries described hearing what sounded like an aircraft near by and then a single explosion, followed by four detonations. Svetolik Kostadinovic, the Yugoslav railways director, said: "With anger we open a new page in railway history, written with the blood of innocent people killed by Nato. They strike civilian passengers. They want to create panic and to discourage us." The most serious incidence of civilian casualties in three weeks of Nato airstrikes came as as alliance foreign ministers in Brussels unanimously reaffirmed their determination to pursue the bombing campaign. They also voiced alarm over the plight of up to 700,000 ethnic Albanian refugees who, they said, were being deliberately starved and deprived of shelter and medicine inside Kosovo. Madeleine Albright, the US Secretary of State, said: "If these people are allowed to die, we will hold the Serbian authorities accountable." Nato military officials were ordered to work on plans for helping the internal refugees and the Greek Air Force is expected to drop humanitarian supplies to them. A similar airdrop was carried out by Nato aircraft to help victims of the Bosnian war five years ago. Taking stock of the three-week air campaign, the ministers accused President Milosevic of "appalling violations of human rights" and "criminally irresponsible policies". Their statement added: "Nato's air strikes will be pursued until President Milosevic accedes to the demands of the international community." Javier Solana, the Nato Secretary-General, said: "Milosevic is losing and he knows it. Nato is united. We have justice on our side and we will prevail." The ministers also warned Mr Milosevic that Nato would respond severely to any attack on Albania or other neighbouring states. There were further reports yesterday of Yugoslav forces shelling over the border into Albania. While demonstrating allied resolve to carry on with the air campaign, the ministers held open the door for diplomacy and urged Russia to join in efforts to bring peace. Hopes are being pinned on a meeting in Oslo today between Ms Albright and Igor Ivanov, the Russian Foreign Minister. Ms Albright gave the first hint that a partitioning of Kosovo was being given consideration, although she said it was not an option she favoured. "There are a number of ideas not yet settled on," she said. The foreign ministers again ruled out the possibility of a Nato ground force fighting its way into Kosovo. However, General Sir Charles Guthrie, the Chief of the Defence Staff, told a press conference in London: "As of today, neither Nato nor the UK have any plans for an opposed invasion of Kosovo by force. But this does not mean to say that over many months we have not been considering and making contingency plans for the use of ground troops." Tony Blair, who will today tell MPs to prepare for a long campaign, said that Nato would carry on pounding Mr Milosevic's war machine "day after day" until its objectives were met: "After the appalling scenes of suffering among the refugees it would be wrong for us to compromise in any shape or form on the objectives which Nato has set out. It is essential that we do not weaken in our resolve to see every single part of the Nato objectives secured." Next page: America's Role - Serbs losses mount on economic front Arts (Mon - Fri) \| Books (Sat) (Thu) \| British News \| Business \| Court page \| Features (Mon - Fri) \| Go (Sat) \| Metro (Sat) \| Obituaries \| Opinion \| Sport \| Travel (Sat) (Thu) \| Vision (Sat) \| Interface (Wed) \| Weather \| Weekend (Sat) \| Weekend Money (Sat) \| World News Opinion Leading article: War drums on the Hill Vanora Bennett Peter Brookes cartoon Letters to the Editor America's Role US forces get pep talk and tax break Diplomatic Battle Belgrade votes for link with Russia Pressure as anti-war sentiment grows Yeltsin evades Duma attack The Refugees 'Callous' guards block aid Tirana welcome Nato plan to step up offensive Tudjman ally on trial Conflict Spreads SAS 'on the ground in Kosovo' Alliance rethink on composition of Kosovo peace force Morning after pills for victims Balkans Summary Next page: America's Role - Serbs losses mount on economic front Copyright 1999 Times Newspapers Ltd. This service is provided on Times Newspapers' standard terms and conditions. To inquire about a licence to reproduce material from The Times, visit the Syndication website.

To: John Hunt who wrote (31653)	4/13/1999 9:18:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116790

John: It is a common thought on this thread that the price of gold will soar when the shorts are forced to cover their 8000 ton position. This may not be the case. With the world economy improving and the consequent rising of commodity prices, not to inflationary levels but to levels that producers can make some money, the price of gold may in fact rise to the 300 to 340 level indicated by some. This can be done in a very orderly manner. Switzerland, the IMF, and some other large holders will begin selling some of their gold. This gold can be purchased by the shorts to cover their positions. How much of the 8000 tons can be covered in arranged sales. That is the question. I believe many of the reasons that caused the cb's to force the price of gold below 300.00 is dissipating. The gold carry trade provided a lot of liquidity to the worlds markets during the currency upheavals of the past two years. As those battered countries begin to recover and the excesses of the years prior to the decline are overhauled, the need for this artificial liquidity will decline. As has been mentioned many of the emerging markets that were hit so hard were economies based on natural resources. Already, the oil sector is on the mend with the blessing of the industrialized economies, how far behind can gold be. OPEC did not put together the agreement to raise prices by themselves, the process had the blessing of the G7. The fundamental shift by the industrialized nations will spread. Hopefully markets will return to prices based on fundamentals rather than ones set by interference. Ken Ken

To: John Hunt who wrote (31653)	4/13/1999 11:13:00 AM
From: sea_urchin	Read Replies (2) \| Respond to of 116790

And, if I ask you nicely to stay? Please, John!

To: John Hunt who wrote (31653)	4/13/1999 11:27:00 AM
From: Ptaskmaster	Respond to of 116790

Your posts are consistently appropriate to the financial and geopolitical factors that influence the Price of Gold in the long-term, short-term, and in-between. Please continue to post interesting and pertinent material. Opposing materials, evidence and debates will surely follow, since that is the purpose of this thread. I also appreciate your timely selection of new releases and other information on Canadian affairs and issues, punctuated by pithy remarks and cartoons.