Phil, currently the USA bubble is bob'ing up and down in a tight range
as viewed by the DOW between 10,000 and 11,000. Everytime the winds
of correctness to bring down this bubble for a massive correction hit
this bubble an opposite wind is generated by the foolish folks that have
sent this bubble to its present ill gotten position without an escape
plan or process to undo the wrong. So they without a way out will eat
lots of beans in the hope that the resulting hot winds will repell both
the bubble and GATA and keep both at bay.
If the economic bubble thats dependent on Fiat money falls, then a new
bubble will lift up and up to historic heights and be supported not with
the smell of those who forgot to take their Beano tablets, but with that
solid foundation build with gold. And when, not if, this happening takes
place then the country of Mongolia will have the ability to obtain great
wealth from all its gold resources, except Bumbat unless the MAC and bank
issue is resolved, or as I have said, Mongolia chooses to ignore and
chit upon their own rule of law to protect certain of their citizens that
have abused their rights as citizens thru corruption, and done so with
no regard to the health and respect of their country Mongolia. These
people are having the political and legal system shield them from answering
to their incorrectness, at the expense of their country. If so, then
these MAC and those helping them have no respect for their country
of Mongolia and see themselves above the law, and a by product, make
a statement of contempt to their fellow citizens.
And now ladies and gentlemen,
give me an G
give me an A
give me an T
give me an A
whata you got ?
gata
i can't hear you
GATA
ok, and as Ed Sullivan would say "we got a really BIG show..."
The GATA invesigation is gaining steam. Quietly, and behind
the scenes, we have the support of some very influential
forces that believe our assessment of the gold market
is correct. They are............
........... they feel it is important
that we establish motive. One of the motives is the fortune
being made by those that have the "riskless" gold carry
trade on.
One of the other motives may have to do with the ....
..... We alluded to that in last nights message to you.
..... It is entitled, " A Conspirary behind the boom" and
was presented in the London Sunday Telegraph - February
15, 1998. The author was the highly respected Tony Dye,
manageing director of PDFM, a well known investment firm in London.
".... the western financial authorities have
secretly intervened to ensure that ........"
"But even though the financial authorities are regular...
........equity markets. This seems odd given the views of
Greenspan and Rubin"
"If this is what has happened, the implications are
frightening....
...weaker than is apparent to the ordinary investor, ....."
The Fed has intervened in the bond markets and currency
markets. The stock market? Why not the gold market?
Legally, the Fed can trade gold, which what we pointed
out to you last night.
If so, we have a big problem here....
At the same time, various banking institutions are raking in
windfall profits from this shameful maneuver.
The article by Tony Dye was written almost 1 1/2 years ago.
As you read it, think about all that has happened since. It
left my mouth open and, in my opinion, "says it all".
This is no smoking gun, but it lays out ...
... that manipulation of the gold market is no far fetched idea.
Professor von Braun has served very timely commentary
at the Kiki Table entitled, "A Breaking of the Ranks ?'
"end to a Mr. Magoo imitation ?"
"Shanghai Banking Company,
(HSBC) issued a 52 page report entitled, wait for it,
Bubble Trouble: the US Bubble and how it will Burst.
Friday June 25, 6:25 am Eastern Time
U.S. may face recession as mkt bubble bursts -HSBC
LONDON, June 25 (Reuters) - The U.S. economy could face
recession by 2001 as the financial market bubble is
likely to burst, driving asset prices sharply lower by the
end of this year, HSBC Securities said in its latest research.
In a 52-page report entitled ''Bubble Trouble,'' HSBC
economists argued a combination of rising interest rates
and a falling dollar was likely to herald the end of
the bull market.
''We see both coming through in the second half ....
.... and in the first half of 2000,'' HSBC said.
''This combination is likely ...
........recession in 2001,'' it said.
''These beliefs normally end in tears,'' HSBC warned, ....
Bill Murphy, Le Patron and GATA Chairman
lemetropolecafe.com
Send mail to lepatron@lemetropolecafe.com
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