FWIW..... today's bulletin:
Le Metropole members,
At the moment gold is trading $2.20 higher on the
Comex.
Yesterday, Midas du Metropole informed you that much
of the gold buying was due to a producer buy back.
We just received word from Icarus that there is
another producer buy back going on again today.
And of possible extreme significance, "Hannibal Lecher"
just bought 2,000 Dec 300 gold calls. AND, another
very credible source tells us they have been told that
"Hannibal" - Goldman Sachs - is reported to be willing to
buy UP TO 20,000 Dec 300 gold calls.
For days and weeks now, we have been reporting to you how
tight the physical gold market is. That is what the soaring
lease rates and narrowing gold market spreads have been
telling us.
Our camp believes the gold loans have risen to out of
control levels - 10,000 to 14,000 tonnes. The "Hannibal"
camp will tell you 4,000 to 6,000 tonnes. They are Pro
disinformation spreaders. Perhaps, the time has come when
they realize the jig is up and since they are all so
SHORT, they are trying to cover their butts by covering
their exposure (for themselves or clients) any way possible.
For two weeks, we have explained to you the reasons
why we have felt it is time to be AGGRESSIVELY LONG. Day
after day the evidence and market action suggests that
Midas du Metropole's assessment of the gold market is
"on the money."
The gold bear market is OVER. The Hannibals will not give up
their manipulation easily. But, they may have no choice.
If outside credit markets continue to deteriorate, central
bankers will call in many of the gold loans - at least many of
the ones in spec hands. That will reduce supply and
force gold prices much higher.
For the "inside scoop" on gold -Stay tuned to the Cafe!
All the best,
Bill Murphy
Le Patron
lemetropolecafe.com |
