higher than a year ago? A rising tide raises all ships. If the

free market is a reflection of what is going on financially

in a society, how come the roads are beat to hell, the bridges

need work, and downtown L.A. still looks like crap. It is

so obvious that them monied classes are playing games with

their monopoly money.

One would think that you should learn by now. Oh well, maybe it’s too late for you.

On the morrow:

Dollar go way up

Yen go down

Gold go down

Silver go down

PGMs hold true

OK

Let me ask this April Fools question, which is the most important?

A few years back , a few dates in the Chinese Panda went from 400-1000 in less than 12 months. Rarity- is you friend.

Let,s pick a tiny segment of the gold market, lets say the CM. I bet the crowd here could cornor something along those lines. If we own um all at these cheap prices, sounds like we set the market. You always have the gold. Just a thought---

A few months ago, there was an opening with the CIA for an assassin. These

highly classified positions are hard to fill, and there is a lot of testing

and background checks involved before you can even are considered for the

position. After sending some applicants through the background checks,

training and testing, they narrowed the possible choices down to 2 men and

a woman, but only one position was available. The day came for the final

test to see which person would get the extremely secretive job. The CIA

men administering the test took one of the men to a large metal door and

handed him a gun. We must know that you will follow your instructions no

matter what the circumstances, they explained. Inside this room, you will

find your wife sitting in a chair. Take this gun and kill her. The man

got a shocked look on his face and said, You can't be serious! I could

never shoot my own wife! Well, says the CIA man, you're definitely

not the right man for this job then. So they bring the second man to the

same door and hand him a gun. We must know that you will follow

instructions no matter what the circumstances, they explained to the

second man. Inside you will find your wife sitting in a chair. Take this

gun and kill her. The second man looked a bit shocked, but nevertheless

took the gun and went in the room. All was quiet for about 5 minutes, then

the door opened. The man came out of the room with tears in his eyes. I

tried to shoot her, I just couldn't pull the trigger and shoot my wife. I

guess I'm not the right man for the job. No the CIA man replied, You

don't have what it takes. Take your wife and go the home. Now they're

down to the woman left to test. Again they lead her to the same door to

the same room and hand her the same gun. We must be sure that you will

follow instructions no matter what the circumstances, this is your final

test. Inside you will find your husband sitting in a chair. Take this gun

and kill him. The woman took the gun and opened the door. Before the door

even closed all the way, the CIA heard the gun start firing. One shot

after another for 13 shots. Then all hell broke loose in the room. They

heard screaming, crashing, banging on the walls. This went on for several

minutes, and then all went quiet. The door opened slowly, and there stood

the woman. She wiped the sweat from her brow and said You guys didn't tell

me the gun was loaded with blanks! I had to beat him to death with the

chair!

__________________________________________________

go silver.

away...to liquidate my grain puts......tee hee ( chirped EB with tickled glee ) ....... ( OHMY$! ) ( $ ) !.

Éßlovinit

Hey Ted....Aurator ( how'r the hops? ) ...StudioR...I'm buyin'. Let's chugum'!

There's a new entry on the Kitco Web Resource Links - the page for Frank Veneroso. Under the silver market section, he talks about the short position and the leasing of silver. For the first time that I've seen, he states an amount of total silver leased - 400 million ounces. He breaks it down to 300 by producers and 100 by consumers. He does admit ( as I suspect ) , that the total could be much greater.

Admittedly, I'm in a distinct minority in labeling metal leases as stupid and fraudulent and in saying that even the producers stand no chance of collectively repaying these loans. The fact that I stand alone in this conviction might make me lonely, but not necessarily right or wrong. But perhaps someone could explain to me how there is nothing wrong with consumers borrowing ( and thereby promising to repay ) material that they are vaporizing. To Veneroso's credit, he does ask the question of how silver loans can be repaid collectively in the current stockpile shrinking environment, but my question go

Found it, 9/30/97

OOOOhhh, that silk sure is soft and.... well......silky.

Been wearing those golden silk shorts under my skirt all along.

Only a precious few have had a peek.

Suffice to say, I'm going to be hiking up the skirt for all to see.

No winds needed here, I will show my silky golden shorts to the world,

and say loadly and proudly, I am of Kitco blood, I.

Once I got to looking at some old posts I couldn't stop. For those that have chided me for not detailing my reasons for some of the positions I take: It is just that I have already explained it all last year. So to save time, and my views are still fundamentally the same, the repost seems the path of least resistance.

7/1/97

George S. Cole - This is 1997. We are in a new era of global economics. Never before in human history has there been anything remotely similar to the worldwide economy of today. Information can travel to any spot on earth in the blink of an eye. The world yearns for US technology. No matter how much you reference 1929, any comparisons are invalid.

I guess I have used the ‘era’ phrase because I lack the words to describe what we are witnessing today. This rise in equities is unprecedented. 2 billion people in China eastern Europe and Russia, rich beyond compare in natural resources, can indeed give us the only thing we need to continue this meteoric rise, markets, markets, markets. Remember, I sell metals for a living, wishing only for volatility to give my clients opportunity for profits. I have zero vested interest in convincing anyone that the crisis many see as inevitable, is increasingly unlikely. A strong equities market robs investment dollars that would otherwise be in precious metals.

One would think that, my game being metals, I would profit more if people would believe the house of cards will fall with the next gust, but I don’t believe it will. I used to think this world would be unrecognizable by the turn of the century, war, famine, abject poverty, would abound, but one cannot ignore what is in front of ones eyes: Prosperity and the ever increasing likelihood of more to come.

I say to all, buy your gold, silver, and platinum. Protect yourself should I be proven naive and shortsighted, I have done, and will do the same. But don’t let fear blind you to the incredible opportunities for profit that are staring us all is the face. Make your $, then use it to buy more gold if you must.

The shrill cries of the fear mongers should be taken for what they are; a stubborn belief system of those who will call for the end until it happens, even if it takes fifty years. When all finally does fall, they will cry unto the masses that their words were indeed prophetic. They imagine that people, will finally recognize them as great seers and benevolent protectors. The throng will prostrate themselves in righteous revelation, offer gifts of frankincense and myrrh, and bid your attentions to their nubile daughters whilst their reverent fathers with silver beards plan monuments to these prophets of doom. Meanwhile the rest of us will be living quite comfortably, thank you.

How’s that for new era? Let me know if you want some more, its kinda’ fun.

Now that one of the true mysteries of this site has been revealed, the next question begs to be asked:

Who was ( not ANOTHER, sorry, not interested ) the Commissar KGB?

Auric -

Click on the RCM banner above, or contact Bart. Good buy + it supports the site.

Thanks, I missed it.

Fred@Vienna -

Any that would speak with such confidence and calm assurance should be heeded. I will Bump the Fe to necessary levels. Will ship case-o-limes to Vienna, home of the Austrian Mint, post haste.

B12 -

You don't know how I have missed that!!!!!!!!!!!

Best damn stuff ever posted on this forum.

Forgive my wayward wonderings

But I KNOW a true Bernatz when I see one!

Arden -

The repost was too save typing effort and not necessarily directed at you. That was actually a compilation of 4 or 5 posts. As I recall, our discussion was on the fundamentals of gold and not on near term price direction. It is my habit, when getting long of word, to address a post to someone and then go of on some entirely new tangent. I agree with you about the long term outlook for metals. I believe a big move will happen. Just not in gold, not yet. Regarding my position in silver, I am cautiously bullish. It has been so whacked around, bottoms and tops blur. I am way big on PGMs.

Followed by this bit of silliness, that initially pissed Eldo off, but we made up and are as brothers from birth now. Seems an appropriate response to some of this weeks more strident zealots:

June 97,

Regarding my upcoming treatise on why the western world will not collapse. I have changed my mind completely and now see collapse as imminent. Going to fill up the Hummer with shotgun shells and Slim Jims and get while the gettin’ is good. Have enlisted the aid of a pair of neighbor twins who have agreed to be breeders and the future hope of humanity. They are nubile lasses with good childbearing hips. The new race of humans will be born in the wild like Cherokees; neither mother or child will make a sound. We will live in secrecy for the first few years, always on the watch for a dawn assault by Janet Reno and her minions, in full camouflage regalia. We will hunt and gather by night and huddle in our underground warrens while the sun shines.

Once the societal tremors have subsided we may surface and try to make our way to a mythical promised land which may not exist, but we have spoken of countless times in our stories of a clean and green place, told to each other in the faint, D cell light of our last Evereadys in those, our bleaker days. I suspect this journey will require guerrilla encounters and hand to hand combat. The twins will be a great allies during this last desperate dash to our final home. They will have spent their days preparing for this battle and will acquit themselves proudly and our children will lay down their water skins to help with reloading, while the battle is set and the heady vapor of war, spoil, and villainy fills our nostrils.

Do not envy those of us who will survive as we will surely have occasion to curse our stubborn lot and long that others are in our stead. The odds are against us at every turn and success is little assured. Should we prove truer than the fates, we shall live out our lives eating coconuts and playing in the waves like dolphins. We will never tell our children of the western world that was. Why burden them will what is no more, the world will have moved on…………..

away...to buy the dips

Éß

RJ...Re. RayBans....what is best time to call tomorrow as not to interrupt your metals thingy....OK.

go silver.

p.s. Cherokee - we are makin some kick-ass money on those grain puts, eh? I will look to rid of them soooooooon. Time to buy more cotton.

dat damn dollar.......