Richard, Bill Murphy's latest e-mail about Pork BellyButtons ???
So I deleted that part, and the rest is as follows.
Subj: Midas - Biggest Up Day in Gold in 15 Years - XAU Explodes
Date: 9/27/99 8:48:19 PM EST
From: LePatron@LeMetropoleCafe.com
To: dougak
Le Metropole members,
Midas du Metropole has served commentary at the James Joyce Table.
Best one day move for gold in 15 years. Bloomberg reported this
from Frederic Panizutti, head of Strategy at MKS Finance,
a Swiss gold refiner and trader:
"Nobody expected something this concrete and this good for the gold price
to happen. With this major supply problem out of the way, we may get a demand
driven market, and demand is strong."
Frederic, take out a Caf‚ membership and you would not have been surprised.
We saw this sort of thing coming and while www.lemetropolecafe.com may be
"nobody" to your crowd and to the U.S. press, we nailed this one, thank you.
The Caf‚ and GATA would like to thank the esteemed Chevalier Harry Shultz,
who publishes the International Harry Schultz Letter, from Europe,
which is now in its 36th year of publication, for this press release today:
"CHEVALIER HARRY SCHULTZ GIVES GATA CREDIT FOR GOLD ACTION"
"World's highest paid investment consultant (Guinness Book), Harry Schultz
issued a press release today giving Bill Murphy & GATA a "large measure
of credit for the announcement by Euro central bank president Duisenberg
that bank gold sales will be limited & modest."
Chevalier Schultz said GATA organized pressures & made revelations which
altogether played a role in this significant EU action. It can probably
now be said that a gold bull market is underway. It's arrival was delayed
by certain bullion dealers & bullion banks who have contrived to illegally
hold down the price for many years.
"Schultz also gave credit to gold-eagle.com for their internet revelations.
Some gold producers also woke up to the need to stop selling forwards.
A coordinated effort by those who believe in gold as a system for
honest money, which fosters honest govt, is starting to pay off.
The momentum will now build. The days of the price fixers are doomed.
It's a long road ahead to full gold freedom, but a start has been made."
God Bless Chevalier Harry Schultz. He has been behind us all along and
GATA thanks him for his unwavering and powerful support; that is one
stand up guy.
Tonite's Midas:
"The extent to which these (short) positions are unwound will now help to
determine how far the current gold price rally has to run," commented
Philip Klapwijk, Managing Director of GFMS. "Clearly if short positions
are anything close to the size some people (now who do you think he is
talking about here) have rumoured then $400 or even $500/oz would not
be unrealistic targets."
"New York - Sept 27 (Bloomberg)-- comment from John Brimelow, director of
international equities at Donald & Co. in New York, on the outlook for gold
prices after 15 European central banks agreed to limit their gold selling
and lending over the next five years."
"I think we could see the price go up $100 in less than a week. This is what
happened in 1985. It turned $45 in three or four days. Gold market shifted,
and it caught a lot of people my surprise. Just like today."
"Veneroso Associates - "Gold Watch" - A Special for the Caf‚"
"My favorite Gold Chairman and much more"
lemetropolecafe.com
Le Metropole Cafe
All the best,
Bill Murphy
Le Patron
www.LeMetropoleCafe.com |
