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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.04+0.4%Nov 11 4:00 PM EST

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To: d:oug who wrote (42832)10/16/1999 4:24:00 AM
From: d:oug  Read Replies (3) of 116754
 
GATA's Battle Plans & Sunday morning 8:50 am est (GATA's Right Flank)

Fashioned after the great Zulu warrior of South Africa, Shaka.
To vanquish his foes.....
Shaka formed a diamond formation that became an enveloping horn.

GATA will do the same.

At the front of the diamond, was our retention of Berger & Montague.

While proceeding head on with our investigation, we would call for the
left flank to flair out and start to encircle those that have no regard
for free market activity. The left flank would be a PR campaign that
targeted the Congress of the United States and the press.

We have now unleashed the right flank, go to the gold companies via the press
and letters to their CEO's and ask them to speak up for their industry,
to take some action, and to get behind us.

This past week I told you that some of the major gold producers
had agreed to an unwritten, but formal agreement, to cut their
gold production, a la OPEC. My information came to me from the
best of sources in the gold producer community.

"It's illegal to form cartels in America, the government prohibits
any such organization. However, outside America it's perfectly legal,
just take a look at OPEC.

Since the Brit gold sale, South Africa got real angry and, led by Anglogold,
its been pushing full steam into creating an international gold cartel made
up of non-USA gold producers.

The rumor buzzing out of London tonight is that an agreement has been reached
and will be announced in big press conference soon.

...there are rifts in the World Gold Council. This explains why the rift.

The overly hedged shorts do not care for this. Their shares will not perform
well if the gold price explodes. This also explains why Gold Field Ltd
announced that it has now covered most of its hedges.

Chris Thompson of Gold Fields and Bobby Godsell of Anglogold,
have been the powerhouses in the gold industry. They are standing
up to the "Hannibal Cannibals" and quietly changing the gold world
in behalf of their own companies and the gold industry.

At 7:50 AM Central Standard Time on Sunday Morning,
GATA and the "Right Flank" will make an announcement to the Cafe
and to every gold company shareholder in the world.

All the best,
Bill Murphy, Chairman
Gold Anti Trust Action (GATA) gata.org
Le Patron, Le Metropole Cafe lemetropolecafe.com
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