DEZ
Borrowed post
by: obdctr
Long-Term Sentiment: Strong Buy 02/09/06 10:49 am
Msg: 8524 of 8527
This is worth sharing I borrowed from the AEM board.
I.E. "GATA" put out a message that the Central Bank gold cartel was trying to bash gold back down, on Tuesday,,,,GATA is a respected organization...they may have info...I'd heard it was some institution which sold at $575 area...but the institution remained "unnamed" >>> (post below)
Cartel Raid On Gold Failed; GATA Latest
Bill Murphy GATA message tonite
by: dlh3943 (M/TN) 02/08/06 10:18 pm
Msg: 128080 of 128122
Le Metropole Members, MIDAS GOLD ALERT
What is happening during the early trading hours in Asia is unprecedented.
Gold has been up as much as $8 and change ... and is now up $6.80.
The first day after the surprise Washington Agreement on September 26, 1999 gold was up only $7. That agreement caused chaos in the gold market in the next two weeks as gold rallied $84 an ounce. Bank of England Governor Eddie George later stated that they "were looking into the abyss."
The Gold Cartel rallied their forces and sent gold right back down to its lows. The difference between now and then is the bums have GONE THROUGH their available central bank gold in order to accomplish what they did back in those days.
I won't jinx tonight's spectacular gold price reversal.
Anything can happen between this evening in Asia and tomorrow on the Comex.
HOWEVER, this stunning price surge suggests this move is PANIC short-covering by The Gold Cartel and their allies.
They had hoped to create a gold debacle with their raid on Tuesday and it didn't work. They know it. GATA knows it. . .
The latest Credit Agricole/Cheuvreux gold report was the cabal's death knell as it confirmed what the speakers at our conference laid out.
This report is circulating at the highest government and financial market levels around the world.
The Gold Cartel understands this, and therefore staged a desperate attack on gold yesterday in order to influence fund selling so they cover their huge shorts as best they could.
The RAID failed and they are presently scrambling. YES, they can call for reinforcements tomorrow. That will only bide them time. The Gold Cartel is DOOMED. The price of gold is going to soar to $2,000 per ounce and well beyond.
If you have not been paying attention to the MIDAS commentary the past many months, or years, it is time to check back in before you miss THE historic investment opportunity of a lifetime. . . .
All the best,
Bill Murphy
Le Patron
www.LeMetropoleCafe.**m
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