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Gold/Mining/Energy : Northgate Exploration - NGX (TSE)
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To: NYBob1 who wrote (22)8/29/2007 11:56:48 AM
From: NYBob1   of 37
 
MIDAS Alert........

Le Metropole Members,

There are numerous Cafe trial members and former Cafe
members who are still on this list who have dropped
out from the daily commentary. We all have our reasons
for doings. For those of you who want to be a part of
one of the greatest financial market moves in history,
it is time to wake up, pay attention, and do your
homework.

The latest from Adrian Douglas, whose brilliant work is
subsequently supported by a sequence of latest MIDAS
inputs. From Adrian Douglas:

Eat Your Heart Out Houdini

Bill,

The Great Escape!

In the August 28 session on the TOCOM Goldman Sachs,
with sleight-of-hand that would have made Harry
Houdini look like an amateur, wrote yet another chapter
of "The Great Escape". They covered an impressive 931
short contracts to bring their net short position to
9,579 contracts. This is another record low net short
since I have been keeping records (January 2006).

We are all disgruntled about the current state of
affairs in the mining equities, but for those who are disgruntled enough to
think of throwing in the towel
you need to ask yourself why Goldman Sachs is
reducing shorts like they were going out of style.
Why the Large Commercials have massively reduced their
net short position on the COMEX, and why some entities
are amassing large gold call options. What we are
seeing is unprecedented in this gold market. We have
seen that the Big Banks have packaged up worthless
sub-prime debt and sold it to Asia & Europe like the
gangsters who make pay-offs with a briefcase of
photo-copy paper and a few genuine $100 dollar bills
on the top. We now note that the Bullion bankers are
doing a wonderful job of finding some suckers to take
on their short positions in gold.

We are not watching the positions of some mindless
day-traders whose synapses are fired by a rearrangement
of some pixels on a trading screen; we are watching
the positions of a bullion bank that is connected to
the highest level of global finance. When they behave
as if short gold positions are hand-grenades with
the pins removed, the best that anyone who takes the
other side of the bet might hope for is being
posthumously awarded one of my coveted prizes!

GATA has proved that gold is dramatically undervalued
and suppressed. Does a growing financial crisis make
it over-valued?? I think not!
Cheers
Adrian

All the best,

Bill Murphy
Le Patron
www.LeMetropoleCafe.com

end quote.
----

btw..fys....
don't lose out on great health -
and wellness -
tinyurl.com
tinyurl.com
God Bless
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