Last one..... for now :-)
Le Metropole members,
The Australian dollar was trounced yesterday. I do not
have the numbers in front of me but when I woke up this
morning, I thought it was a mistake - it was beat up that
badly (63+).
The thought running thru my mind was that such a weak
Australian dollar would tend to bring on Australian
producer selling. If the Australian dollar weakens versus
the U.S. dollar, the gold price rises in Aussie dollars.
All things considered, this tends to bring on Aussie
forward sales.
I just sent out an email to Cafe members that I was told
that Goldman Sachs was "going around this morning to
producers telling them that hedge funds were going
massively short so they should forward sell before it
was too late." And, I told you that was peculiar because,
before the opening today, I was told that the hedge
funds were lining up on the long side ( The XAU closed
higher today).
Well, I just got a call from a good a source as you
can get from Australia and he told me that GOLDMAN SACHS
WAS THE ONE WHO SOLD DOWN THE AUSTRALIAN DOLLAR.
Good old "Hannibal Lechter" himself.
And GATA caught him. How desperate are these "Hannibals?"
They will do ANYTHING to attract selling. The problem is:
they are being found out. The reasons to be bullish gold are
overwhelming; yet, Goldman, "doth protest too much." That
is so because they and the rest of the "Hannibal Cannibal"
crowd are trapped with humongous gold borrowings that
they cannot cover.
This is another "Goldman Sachs" outrage!
Bugler- sound: "Carp diem"
The internet is changing the world. Be a part of THE CHANGE
in the gold world. Contact the gold companies to get behind
GATA. "MO" is going our way.
All the best,
Bill Murphy
Le Patron and Chairman, Gold Anti-Trust Action Committee
lemetropolecafe.com |
