Just a little something to think about:
Le Metropole members,
Will Arch Crawford be right about a big stock market
tanking on August 11?
Today, the bond yields went up once again and reached
6.24% in the U.S. The CRB Index is still climbing and
finished the day at 197.85 up 1.07. The price of oil
rose sharply, closing at 21.27. Base metals led by
nickel (6400 and new high for the move) also were up.
The financial scenario laid out to you by the
commentators in www.lemetropolecafe.com is coming
to pass. The commentary on the financial markets by
David Tice and Charles Peabody is right on the money.
We hope you will pass this on to others who might
want to have a leg up on other investors regarding
the breaking of the "stock market and credit market
bubbles"; the predictions of David Tice, the bond market
and banking stock calls of Charles Peabody,"the inside scoop"
on the gold market by yours truly, and all the
other informative Café commentary that is served
to you by our savvy other contributors.
The bull market move coming in gold
will most likely be the most grandiose of all time.
Think of it as a pressure cooker blowing its top. The
XAU broke thru all technical barriers today closing
at 68.49 up 3.64. If you are interested in the gold
market, I hope you will read the Midas du Metropole
that I put out yesterday, entitled," The Gold Market -
Why Be Aggressively Long? - "the risk/reward ratio is
as good as it gets."
Today, gold closed up 70 cents, as it was knocked
down at the close by cousin "Hannibal", Chase Bank.
But the real excitement is going on behind the scenes.
The lease rates continue to SOAR. Midas told you weeks
ago that this was in the works, and here it is! Today,
the one month rate was 3.20 (up 43 basis points), the
six month rate was 4.33 (up a whopping 92 basis points)
and the one year rate was 4.09 (up a sizzling 93
basis points). That tells us that there is significant
tightness in the physical gold market that borders on the
extradordinary.
The gold spreads between the contract months on Comex
also narrowed once again with the nearby months gaining
40 basis points over the spring months of next year.
A week ago Midas told you that the gold market could
go into backwardization and NOW the floor on the
Comex is talking that way; THEY are actually talking
about a gold squeeze coming up.
"Hannibal Lechter" and Co. are still huffing and puffing
as they try and forestall the inevitable. But, they
will lose. Once outside market forces go against
them in a significant way, their "gold market
manipulating cartel" will break apart. Tis going to
happen. Then the gold price will roar!
Some wonderful Cafe commentary has been served to
you at the Dos Passos Table.
1. Executive Intelligence Review - a roundtable discussion about the Bank of
England Sale and Tiger, the hedge fund.
(Late in the day it was brought to my attention that
former British Prime Minister, Margaret Thatcher is on
the Board of Tiger. That needs to be confirmed. If so,
she could have no idea of what is going on here. She is
revered all over the world and rightly so. A person of
her moral caliber would never stand for what is going
on in the gold market.)
2. Café member Steve H - "Investors take note, a new
place to invest"
3. Mark J. Lundeen - 'Some Thoughts From An Old
Retired Sailor"
4. Café member Gdomka - sends us an interesting
www.usagold.com post
lemetropolecafe.com |
