Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: t4texas who wrote (21512)	11/7/2002 5:51:57 PM
From: Jim Willie CB	Read Replies (1) of 36161

the story refers to GoldEagle article by Chapman I assume his source is several financial heads / jim gold-eagle.com the excerpt in question: Don Murphy, a technical analyst with Merrill Lynch speaking on CNBC says, "My view is that I like gold as an investment. I'm inclined to think that gold is making a secular low, a buy of a generation!" He went on to say, "To be conservative, I'm going to say $450 to $550, but my thought is that gold could go back and challenge the levels we saw in 1980-81 at $850 an ounce!" Firing of gold analysts....."Midyear it was Kevin Crisp and Dinsa Mehta of Morgan and Chase. Yesterday, it was Goldman Sach's Dan McConvey. These three were very well known in the gold industry and were among the leading apologists for their corrupt bullion banks. McConvey had the perfect background for Goldman as he came there via Barrick Gold." Could it be that exposure is near? Rumors abound that there is massive accounting fraud at JP Morgan Chase and they are under investigation. It seems the US attorney's office and the New York Attorney General have major investigations in progress. They are in the process of trying to prove criminal intent. The word is their losses, which have been covered up, run to $70 billion. It's expected the hammer will be dropped in the month of December. It's been reported that daily shipments by truck of Federal Reserve Gold out of NYC is covering a $170 billion fraud concealing $70 billion in losses. If this is true, and we believe it fits, then gold would skyrocket.

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