To All:
It is beginning to look like gold is coming back and the so-called mining disasters will have a new lease of life!
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Just out in Harry Schultz Life Strategies:
GOLD
These facts stick out:
1. There is powerful buying of gold shares. For the first time in ages, gold stocks recently appeared on the NYSE list of "biggest gainers" of the day!
On May 18, Glamis, Homestake & Ashanti appeared with gains of 10-12%.
On May 24, Glamis and Meridian appeared. On June 1,
Glamis again.
On June 8 AgnicoEagle, Anglogold, Homestake, Glamis & Newmont. On June 8, gold shares made up 1/3rd of the total big gainer list! This bespeaks depth of buying. And when bullion was pushed down in late May by the illegal price cartel, gold shares didn't give up all their gains. Most
were retained. Gold stks are in strong hands. Weak
hands left the scene long ago. People are accumulating, esp on setbacks. GATA reported: "Gold shares remain firm, are being bought up by wealthy individuals. This info from one of the most popular NY stock clearing firms."
2. The FT Gold Index has broken up from a big base pattern, forecasting higher prices.
3. Inflation is now voiced as a major concern around
the world; that's much of the rational for gold's rise.
4. Gold price action is pro-active & has strong relative-strength.
5. US$ rose with gold!
That's rare. M. Edelson says "A split of old system
is at hand; gold & $ will move together for some
time. A strong $ won't mean weak gold. When dollar
gains, it's a sign of bigger problems outside the US
that could easily light a fire under gold."
(World Net News)
6. Gold production is falling fast.
7. Gold bullion demand is rising.
8. This is more presumption than fact: heavily hedged mines (eg, Barrick) & bullion dealers/banks are sweating blood
as a gold short squeeze of historic proportions is
tightening around their conniving necks.
9. US controlled-media pretend they're unaware of
GATA & gold price manipulation, but the White House
is aware of it. Lawrence B. Lindsey, Assistant to
the President for Economic Policy, has acknowledged
to Bill Murphy of GATA that he's received the data
but "As it's the subject of litigation, it would be inappropriate for me to make any comment on the
matter." U can't be more aware than that! He refers,
of course, to Reg Howe's suit against bullion banks
& parts of the US govt for gold price fixing,
during Clinton admin (& ongoing), in violation of
anti-trust law. GWB can put an end to the price
fixing or let it continue & become defacto-conspirator.
I'm sure GWB is against the fixing, but it'll much
courage to face down the insider/fixers. He was
born into the insider world, but rebelled against
it at college, is a free spirit & maverick at heart.
Like me.
If U have access to the Internet & haven't accessed
GATA (Gold Anti-Trust Action) for their steady flow
of gold war revelations, U should. And send them
a donation! Don't be a cheapo. The enemy has
unlimited funds. GATA has attacked the gold cartel
on half a shoestring budget, done wonders, a David
vs Goliath. www.LeMetropoleCafe.com *** Very old
friend Jim Sinclair agrees & says if GATA/Howe's suit
goes to discovery stage, the media will be all over
it & "The simple revelation of the truth will make
gold free. The truth is that gold has been artificially
held back by govts to break the thermometer of
inflation, gold bullion's price."
Benefit from gold price run ups/down by noting which
stks moved most during any runup, so U know which
to buy on pullback. One such was DurbanDeep. I bought,
will get more & highly leveraged & v.speculative.
Agnico Eagle & Placer Dome are bluechips with good
chart patterns, as is Harmony. I bought these too.
U should already have good profits if U bought when
I recommended in early March.
As the gold bull mkt develops, I'll devote more space
to details of more AU stks, with price guidelines. If
U wait to buy til bullion breaks out to $305, or
the price fixers are brought to trial, U'll hesitate
to buy at all because then gold stock prices will
doubtless be 100% higher & bullion on it way to
$525 & then $600. But don't buy if U require quick
results or if U plan to shoot me if nothing happens.
Gold is political & thus defies prediction precision
I call it the way I see it & feel it. I put my money
where my mouth is. If U follow me, we win or lose
together. But U are on your own with decisions.
Glow with gold. |
