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To: Jim McMannis who wrote (32927)4/30/1999 2:28:00 PM
From: long-gone  Read Replies (1) | Respond to of 116762
 
I thought Abbey had told us the recent Internets stocks and their IPO's were fairly valued. Maybe we need to better understand the word "fairly".

Friday April 30, 1:00 pm Eastern Time
Goldman Sachs Says Justice Dept Probing Alleged Underwriting Collusion
(This is a headline-only alert, although it will likely be followed by an article soon)
biz.yahoo.com




To: Jim McMannis who wrote (32927)4/30/1999 3:09:00 PM
From: Zardoz  Respond to of 116762
 
quote.yahoo.com
quotes.reuters.com

This speaks volumes, what did you due to the bonds? <g>
charts.quotewatch.com

Did the FED increase discounts rates last meeting and not tell us?



To: Jim McMannis who wrote (32927)4/30/1999 9:22:00 PM
From: Enigma  Read Replies (1) | Respond to of 116762
 
Robert Fisk 'The Independent' May 1:

War in the Balkans - 'Nato came by night, and God at dawn'

Robert Fisk in Belgrade
Nato came at night, God in the morning. The air raids lasted until dawn, the longest yet; that's when the earthquake trembled its way across Belgrade and moved the rubble of the defence ministry and the wreckage of Nato's latest awesome "mistake" - this time a direct hit on homes near the university. Two dead civilians were dragged from one house. "And they hit a car," an angry Serb shouted at me afterwards. "A man had stopped at the traffic lights on the street and a bomb cut him in half."

It had been easy - until yesterday morning - to mock CNN's reports of Belgrade's air raids. Missiles, we were always told, "rained down" on Yugoslavia. But when I walked on to my bedroom balcony early yesterday, it was raining fire. Tracer shells and anti-aircraft missiles arched and twisted up into the darkness from Belgrade's air defences as the night sky - how ominously lucid and white the moon had seemed at that moment - pulsated with sound.

A rumble of explosions shook the horizon and then the shriek of bombs passed over our roof. I remember thinking, standing there with the Sava river clear beneath the moon, that there was something inevitable about all this and I waited for the impact with a strange curiosity. Laser-guided, I thought to myself; 2,000lb. How familiar we have become with Nato's technology. But I never guessed it would change the atmosphere so suddenly that I would feel the air pressure against my chest. There was a mushroom of fire - only a few seconds of it - a second explosion (an echo?) and complete silence. And then the howling of a hundred dogs and a thousand burglar alarms.

We all knew the defence ministry was empty - it had been abandoned for weeks - and that the foreign ministry opposite (I had taken coffee there on Thursday afternoon, beside its high, fussy pseudo-baroque corridor) was deserted at night. Only a policeman or an unlucky motorist could die in such an attack. And they did.

The policeman was outside the foreign ministry, once the department of industry in the old Kingdom of Yugoslavia, and was torn to pieces. The motorist had obediently halted at the traffic lights on the junction of Kneza Milosa and Nemanjina Street - such normal routines continue amid all wars - and a missile hit his car.

That hollow drum-roll of sound came to us again from across the city, followed by another iron, supersonic scream, and a bright crimson light softened the rooftops. The old interior ministry hit again, the ruins of last month's bombs now sheared neatly in half. The television antenna at Avala was attacked and the Milosevic party headquarters for the third time. Then they bombed Vracar.

An entire house had been blasted into Maksima Gorkog Street which had partly collapsed; a burst water main inundated a row of smashed cars. They pulled out the first shattered body within 30 minutes. I had dined with Serb friends at their home 300 metres away just a few hours before. "We are all safe," Vesna said. "Do you want to know what it sounded like?" I didn't. The whole city echoed with explosions. I don't know how many were bombs dropped by aircraft, how many were missiles. In fact, I've never seen a Nato plane in five weeks of raids; because, almost always, they come at night.

Still the tracer arched high above Belgrade, the shells exploding in little white stars whose detonation took two or three seconds to reach us. When I come to think of it, sound never matched vision. There would be silent explosions of light - and dark, inexplicable bursts of noise. Only Hollywood synchronises the image and sound of war. And the moon was gone. The lights on the three great bridges over the Sava - the very river itself - had disappeared. A mist was passing over the city, a thick grey shroud of smoke and burning embers. It penetrated my bedroom and I fell asleep thinking how similar it smelt to the fires of Beirut in 1982.

I was sure another raid had begun at dawn when I woke with a racing heart to find my bed moving across the floor and the walls shaking. A Serb friend had given us a "Lazarus bell" - children wear them round their necks on the Orthodox Easter Saturday - and we had hung it over a bed lamp. Now it was ringing crazily, bouncing on its string as the whole building swayed.

Can air raids cause earthquakes? The tremor lasted all of 15 seconds and when I ran to the balcony again, the city lay blanketed in smoke. Serb television had been bombed off the air for the third time - and repaired for the third time from hastily mended transmitters. A car's headlights blinked through the smog from the Branko Most bridge.

How had I slept, the waiter at the street cafe downstairs asked me. He apologised for the zemljotres, the earthquake. An old man was drinking coffee at a table with a pink cloth. Round the corner, more than a thousand people queued like ghosts for cigarettes, waiting forlornly in the gritty-brown air. There were more queues for the buses by the vegetable market in Stari Beograd, the buses ever fewer as the petrol runs out, the queues ever longer. But standing there were girls in bright blouses and mini-skirts with well-polished nails, and men with briefcases; more of that dangerous routine that stubbornly defies human conflict.

I drove east out of the city, over the massive steel road-and-rail bridge that spans the Danube, where tyres still smouldered from the night before. The Yugoslav army sets them alight - not to obscure the bridge from the Nato pilots, which would be impossible; but to confuse the guidance system of their bombs, blinding the lasers with a wall of smoke.

There was something both wearying and gentle about the countryside north of Belgrade, the little towns with their 19th-century German-settler architecture, farm-horses pulling ploughs. But by the time I had driven for an hour up the Danube, the sky darkened again. Nato had just hit the Novi Sad refinery for the eighth time in four weeks and its scummy black clouds hung over the fields for 30 miles. Across the river, the smoke towered a mile up into the sky from the oil storage plant. To how many cancers has this month-long cloud already given birth?

It drifted far over the Vojvodina plain. Beneath its black film were peasant women in scarves herding sheep and goats outside villages called Vilovo, Perlez, Titel, Lok, and delicate churches with golden onion domes, all dedicated to the wrathful god who had shaken the earth beneath us a few hours before.













To: Jim McMannis who wrote (32927)5/1/1999 5:35:00 PM
From: Bill Murphy  Read Replies (3) | Respond to of 116762
 
I would like to thank so many of you for your
feedback after my email about my concern over the
lack of press attention to Chairman Saxton's
Press Release and to the fact that not one
newspaper in the United States printed Janet Whitman's
Dow Jones Newswire story about GATA.

There was note one in particular that I thought you
might enjoy. John has been a friend for some time and
is a big fan of the Cafe. He is also very well known
and highly respected in his field:

Dear Bill,

I haven't been in touch lately because we're working
to finance our return to an active site and it's
more time-consuming than expected. I read your good
stuff, however and I can explain why you can't get the
news media interested in GATA.

The problem is that the regular media are terrified
of being out there alone with a controversial story.
Ben Bradlee has said that if no one else had picked up
on Watergate he was within a week of dropping the story.

The press pretends to be anti-establishment, but it's
very reluctant to take any information from an
unofficial source. So, the only way you really get
information is to read all the non-estabishment stuff,
especially the extreme Right and Left. The Right wing
American Spectator magazine had the Indonesian connection
with Clinton more than a year before the NY Times
“discovered” it.

As a reporter, I have run into this all my life. I've
come in with a hot story and unless official sources
confirmed it they wouldn't run the piece. I tried to get
a story about massive theft from air cargo at JFK in TIME
for two years and always got shot down because the FBI
wouldn't admit it. Off the record they told me it was true,
but they had territorial problems.

Some years ago a black teenaged girl in Peekskill claimed
she'd been attacked by a gang of white cops. Sensational
front page in the Times, TIME, Newsweek, TV, etc. And then
a few weeks later a reporter from The Village Voice and
a guy from some non-network local TV station went up there
to get details--and found out that the story was a hoax.
The chief crime reporter from the Times found it hard to
look me in the eye and explain why they didn't bother
to go and check. The reason: it seemed to be police
brutality and the media WANTED it to be true.

GATA is unofficial and making what seem outrageous claims
against the establishment. So, they ignore GATA and
listen to Goldie and Rubin and others who probably call
your operation a bunch of nutty speculators.

The story is also hard to understand and that also
makes editors nervous. Finally, the official position that
gold is just another commodity is pretty much accepted
by the media. (Still, I'm surprised that Crudele hasn't
said anything. He's pretty good at doing odd-ball stories)

Your best hope is that Congress will get interested and
say so to the press. Another possibility: go to American
Spectator. Still, the official line will be to ridicule it
and deny it with self- righteous indignation. “How dare you
suggest that the Treasury and Wall Street are part of a
giant conspiracy!”

Assuming that Congress does look into it, and comes up
with some convincing evidence, the official line will be
that they are “Shocked! Shocked! that some offshore hedge
funds and such would try to rig the gold market.” And the
Treasury and White House will see to it that the
malefactors are punished.

Finally, they will want to make sure that none of the bad
guys really get hit in the pocketbook. So, they might try
doing what President Grant did to break the corner in
gold engineered by Fisk and Gould: release tonnes of
AU from Fort Knox. Knowing how Clinton & Co work I would
not find this at all surprising. And they will be very
convincing explaining how they managed to step in an
avoid a worldwide panic.

When our ‘net site is running again [ ClickOnMoney.com ]
I will be giving GATA plenty of space.

all best,
John

Thank you John and we will give you as much exposure as we
can.

GATA has received some special interest from members of
the Dallas, Texas community. Certain individuals learned
that Jerome Marcus is one of our attorneys and it caught
their attention.

For those of you that are not familiar with Jerome, I will
quote the following from the front page of the New York
Times - Jan 23, 1999:

"Quietly, a Team of Lawyers Kept Paula Jones's Case Alive"

This time last year, Hillary Rodham Clinton described in a
now-famous appearance on the NBC News program "Today," how
a vast right-wing conspiracy" was trying to destroy her
husband's Presidency.

As it turns out, some of the most serious damage to Bill
Clinton's Presidency came not from his high-profile political
enemies but from a small secret clique of lawyers in their
30's who share a deep antipathy toward the President,
according to nearly two dozen interviews and recently filed
court documents.

While cloaking their roles, the lawyers were deeply involved -
to an extent not previously known - for nearly five years
in the Paula Jones sexual misconduct lawsuit. They then helped
push the case into the criminal arena and into the office of
the independent counsel, Kenneth W. Starr. The group's
leader was Jerome M. Marcus, a 39-year-old associate at the
Philadelphia law firm of Berger & Montague, whose partners
are major contributors to the Democratic Party.

Although Ms Jones never met him or knew he had worked on her
behalf, Mr. Marcus drafted legal documents and was involved
in many of the important strategic decisions in her
lawsuit, according to billing records and interviews and
interviews with other lawyers who worked on the case. As
much as any of Ms. Jones's attorneys of record, Mr. Marcus
helped keep Ms. Jones's case alive in the courts."

Thus, as a result of very recent interest in GATA from the
Southwestern part of the U.S., I have decided to move
to Dallas, Texas on May 15 so that I may be more effective
and productive as GATA Chairman.

Bill Murphy




To: Jim McMannis who wrote (32927)5/3/1999 11:16:00 AM
From: Ken Benes  Read Replies (1) | Respond to of 116762
 
Jim:

I ran the XAU thru my old Elliot Wave Analyszer and it came up with the following outlook. Using 200 days of data it is showing a converging triangle zig zag pattern, degree 5-intermediate, with wave c having been completed. The final wave D should reach a minimum of 71.98. which it has. To break out of this pattern, the xau would have to break through 87.53 which is the maximum projection for wave D.
Analyzing the data with a shorter range perspective, we are currently in an inverted zig zag, degree 4-minor, with wave B having been completed, and wave C expected to reach a price of at least 71.39 with a maximum target of 85.64.
It appears that for something more substantial, an impulse wave pattern, to be in the cards, the XAU is going to have to breakout above the 85-87 range after a correction from that range is complete.

Ken