... Big News is that the lease rates are soaring...one month gold is 9.70% ...
Subj: Gold and Silver Prices Soars - Lease Rates Soaring
Date: 9/29/99 6:23:02 AM EST
From: LePatron@LeMetropoleCafe.com
To: dougak
Metropole members,
Midas du Metropole has served commentary at the James Joyce Table.
This email was delayed 8 hours as the web server was down last night...
... the big news is that the lease rates are soaring
... one month gold is 9.70%
... one month silver lease rate is also in the nine's
This makes last night's Midas du Metropole especially important.
September 28 -
Today was something else. At one point Dec. gold was
Approaching $330 and Dec. silver was knocking on $6.
Then Goldman Sachs and the N.Y Fed showed up to
knock prices down.
During this past summer, I "guaranteed" the Cafe this sort of Price action
in the precious metals. I was vilified for some for making that "guarantee."
Many market participants are confused about what is going on here. We, at Cafe,
are not. All last week I called CNBC, The Wall Street Journal and the lovely
news wire service people that I met in New York. Except for the gracious Janet
Whitman of Dow Jones, Rodney Dangerfeld got more respect.
They refuse to acknowledge GATA or the Le Metropole Cafe.
Really weird. Thus, it is with tremendous appreciation that I present the
following from one of the biggies in the gold industry, Bob Bishop of the
Gold Mining Stock Report:
- start-
A Note of Acknowledgment: While the internal dynamics of the gold market
do not lend themselves to ready understanding, one person stands out for
his work in developing the information on the gold market that more and
more are likely to gain a better appreciation for in the weeks ahead.
That person is Frank Veneroso, and I believe he's in the earliest stages
of being proven right about the extend to which the gold market is short,
and of the likely consequences attached to that trade.
His former associate, Bill Murphy of GATA (Gold Anti-Trust Action Committee)
is the person who has done the most to gain the attention of the marketplace
on this subject. Those who own gold and gold shares owe both men a debt of...
- end -
I accept such kind words in behalf of my two powerhouse GATA associates,
John Meyer and Chris Powell....
All the best, Bill Murphy, Le Patron |
