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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.38-0.3%Dec 22 3:59 PM EST
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To: Phil Jones who wrote (3616)6/8/1999 5:45:00 AM
From: d:oug  Read Replies (1) of 4066
 
FINANCIAL CRISIS MAY BE CLOSER THAN ANYONE THINKS

from Le Metropole Cafe lemetropolecafe.com

However, we might be much closer to some very good times than anyone
thinks and that is what we are going to focus on in the weeks to come.

................But that rigging of the gold market could just
possibly be part of a more elaborate manipulation that had its
beginnings right after the stock market crash of 1987.

.....started out as a real plus may eventually turn into a nightmare.

... to 1997 there was never a stock market correction of more than
10%. The more recent stock market corrections were greater, but
mysteriously turned around on dimes after being in crash modes....

... a result of derivative trading and the general feeling that bailouts
will occur whenever a really big financial problem arises, the leverage
in the financial system may be out of control.

......... the Café will serve up extraordinary commentary by Veneroso
Associates in which, among other things, they point out that there is
evidence that 50% of all US Treasury bonds are held on leverage in some
fashion, up from 20% earlier in the decade. That could be very
significant.........

............ That shudder could send bond yields soaring as many bond
longs try and exit the door at the same time. That exit .......

So hang tough gold family. The price of gold is going to soar as the
shorts cover in a panic mode, and that "gold carry trade" short covering
may not be as far away as you think.
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