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: Bobby Yellin who wrote (34856)	6/4/1999 8:19:00 AM
From: lorne	Read Replies (1) \| Respond to of 116764

Hi MD. You notice there is starting to be more talk lately about gold lending and short positions from places other than Bill Murphy. New York--Jun 3--Central bank gold lending is increasing and will this year likely exceed the 4,300 tonnes seen at the end of 1998, said Philip Klapwijk, managing director of Gold Fields Mineral Services Ltd. However, Klapwijk dismissed speculation that central bank lending may be as high as 6,000-10,000 tonnes, saying that such numbers were "fanciful." Gold Fields Mineral Services expects that central bank gold sales will be lower than the 412 tonnes seen in 1998, even including the recently announced UK Treasury gold sale plan. By Cristine Denver, Bridge News, Story .22496 New York--Jun 3--Given the significant amounts of gold central banks have apparently lent into the market there may be potential for a short squeeze situation to develop, Henry Bingham, president of Van Eck Institutional Advisors, said. A fair amount of the gold that has been lent into the market has been lent to producers, but there is also a significant amount lent to the carry trade. By Cristine Denver, Bridge News, Story .22712 London--Jun 4--The Bank of England (BOE) has published the results of consultation conducted with London Bullion Market Association (LBMA) members regarding the gold auctions it plans to begin Jly 6. "Following the announcement May 7 of plans to hold a series of gold auctions this financial year, the Bank launched a process of consultation with members of the London Bullion Market Association on the practical details of the auctions. This consultation exercise has now been completed," the Bank said in a statement. By Bridge News, Story .14625 London--Jun 3--The UK Treasury is likely to issue more information over the next few days relating to the gold auctions it plans to start Jly 6, according to sources here. A summary of the Treasury's consultation with market makers is expected either later today or Friday, while an information memorandum disclosing more details about precisely how the sales will be handled is expected early next week, they said. By Bridge News, Story .21007 crbindex.com

To: Bobby Yellin who wrote (34856)	6/4/1999 2:08:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116764

<<I heard now that the average US worker works 50 hours a week.. I wonder if all the people were so traumatized by all the layoffs, they are terrified to demand too much..unless they are right out of college and have no experience in getting laid off.. just had two more friends laid off again..one in programming..his whole division went and another in merger from financial company..>> did you catch that US has lost ANOTHER 40k manufacturing jobs?

To: Bobby Yellin who wrote (34856)	6/4/1999 5:34:00 PM
From: Ron Everest	Read Replies (1) \| Respond to of 116764

GPM Thread.....Information on Barrick's Hedging program: exchange2000.com

To: Bobby Yellin who wrote (34856)	6/4/1999 8:02:00 PM
From: Investor-ex!	Read Replies (1) \| Respond to of 116764

Hi Morgy, Good questions, I shall attempt to answer in my most foolish and rock-laden conspiratorial prose. With increasing globalization (which is, in reality, an increasing concentration of control of the planet's monetary function and productive capacity) an individual nation's trade deficit has become increasingly irrelevant. One nation's deficit becomes one or several nations' surplus although on a national basis a large accumulated trade deficit does represent an obligation that truly will someday be repaid, one way or another. If a dozen money center banks and a few dozen multinational corporations hold positions on both sides within the transaction pool, the net effect of trade imbalances is approximately zero to them, the real players in all this. The overriding goal is not to balance trade but to expand trade, whether such expansion makes any economically sustainable sense to a given nation or not. And expansion of trade is not an end unto itself, but rather a means of achieving further monetary expansion and global control. For without continuous monetary expansion, what passes for the current monetary regime cannot be sustained. And if the system is not sustained, it ceases to be possible to increasingly centrally control and direct the nations and peoples of the world via encumbrance of their assets, their current and future production, and their very self-determination. A nation does not devalue because it wants to, it devalues because, in order to meet ever-increasing obligations to its globalist masters, it has to. A race to the bottom is underway, forcing each nation to sacrifice its sovereignty at the altar of elite-dominated globalization in return for "credits" in a de facto single global fiat monetary system that the nations themselves do not comprehend and cannot control. And when loans start to go bad, new loans are issued simply to keep existing loans current so that the game may continue on its merry way for a few more months. I agree, an implosion, very likely a world-wide implosion, is coming. Both the natural and artificial limits of expansion will have been reached, the ability to the sustain the limit of expansion will have been exhausted, and the entire shoddy artifice will come tumbling down. Unfortunately, the true reason for this collapse will not be apparent to many. As usual, the excuse will be a war, a madman, an act of God, or some other seemingly relevant event, but the true cause will be the mere instability of the global monetary structure. I'm guessing Y2k will act as both trigger event and scapegoat in this regard. But if not Y2k, it will be something else, something less out of the ordinary, that yanks the plug. The whole Earth is becoming one big plantation. The institutions of the global elite are the taskmasters, their co-opted governments the whip, and the multinational corporations the company store. The free market is a lie and the sovereignty of both individual and nation may be on the very edge of extinction. ''The spirit of the times may alter, will alter. Our rulers will become corrupt, our people careless...From the conclusion of this [American Revolutionary] war we shall be going down hill. It will not be necessary to resort every moment to the people for support. They will be forgotten, therefore, and their rights disregarded. They will forget themselves in the sole faculty of making money, and will never think of uniting to effect a due respect for their rights. The shackles, therefore, which shall not be knocked off at the conclusion of this war, will be heavier and heavier, till our rights shall revive or expire in a convulsion.'' --Thomas Jefferson