So you want to trade Gold on short side, ?? Read this.
the tide must be turning,
Le Metropole members,
As we have been reporting to you, the
"Hannibal Cannibal" bullion dealer camp is in
utter disarray. Our side received word today,
via a Cafe member, that Gavin Stuart, chief gold
options trader for Dresdner Bank, was just
given the hook.
Previously, the Caf‚ has reported that the chief
gold trader for UBS was fired and that mega bear
gold analyst, Kevin Crisp of J.P Morgan, is now
on permanent vacation. We also have received more
input that there will be further dismissals at
J.P Morgan's bullion operation. J.P Morgan is
co-chair of the Counterparty Risk Management Group.
It is very clear that bullion desks around the
world are feeling HEAT. They will feel much
much more.
The official sector "general" still desperately
trying to hold down the price of gold is losing
his lieutenants all over the place. Hard to fight
a war without soldiers and strategists.
That is not to say they are defeated. Gold was up
$2.50 this morning before the U.S opening at 7:30
to 8, Society Generale, Morgan Guarantee, et all,
came in right on cue to knock the gold price down
going into the U.S opening, in the hope of
attracting more selling.
So far today, their ploy has not worked as gold
is presently trading up $3.20 on the day. According
to John Brimelow, demand for gold in INDIA
continues to surge and the premiums are as high
as he can remember.
Just in. A surprise. Chase Bank, the massive
seller yesterday, has turned around as a massive
buyer today buying everything it can.
Stay tuned!!!!!!!
<A HREF="http://www.LeMetropoleCafe.com/scripts/products.cfm">Le Metropole Cafe</A>
All the best,
Bill Murphy
Le Patron
www.LeMetropoleCafe.com |
