Jay Taylor - Blanchard vs. Barrick & JP Morgan Chase
Date: 1/3/04
From: LePatron@LeMetropoleCafe.com
To: SiDougak@abcde.com
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Le Metropole Members,
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Jay Taylor's interview with Don Doyle, CEO of Blanchard.
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It is served at the Dos Passos Table and is entitled:
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Blanchard & Company’s Don Doyle Explains
Blanchard vs. Barrick & JP Morgan Chase
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... is significant as it will help Cafe members to understand
one aspect of the manipulation of the gold price.
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Since the interview, the GATA high command had the...
We wish him well and have offered our assistance
in his lawsuit against Barrick and JP Morgan Chase.
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... you will get a better idea why Barrick's CEO...
... why his replacement, Barrick's chairman Peter Munk,
made a fool of himself...
Munk had to be stunned by what transpired in New Orleans.
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Barrick has surrendered on the hedging issue,
which was one of GATA's goals four years ago.
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We won, they lost.
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I would guess their hedgebook is now $1.6 billion in the hole
and growing by the week. For every $1 gold rises,
they go deeper in the hole by $16 million.
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Fairly soon Barrick's hedgebook losses could jeopardize
the entire company which GATA warned of years ago...
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My how times have changed!
Will Barrick survive?
Will they cause the gold derivatives neutron bomb to go off?
How long [until] their hedgebook goes $3 billion underwater?
It could happen sooner than most think.
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Play close attention to this interview.
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The establishment and clueless gold world may be forced to
in the months to come.
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All the best,
Bill Murphy
Le Patron, LeMetropoleCafe.com
Chairman, Gold Anti-Trust Action gata.org |
