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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ken Benes who wrote (35717)	6/23/1999 10:32:00 PM
From: Bill Murphy	Respond to of 116781

Ken, I put this out to lemetropolecafe.com members at about 8 this morning. Subj: Gold Bulletin - Trading opportunity Date: 6/23/99 7:30:58 AM Central Daylight Time From: lepatron@lemetropolecafe.com To: midasnh@aol.com Le Metropole members, Perhaps, enough, really is enough for the time being. It would appear that the gold market manipulators are going to let the prise rise for a bit here going into the British auction. The gold price has dropped so much it is embarassing the British in a major league way, therefore the word is out that the price should go up for now. One used to say the "smart" money is gong long. Now our camp says the "colluding" money is going long. Yesterday, on the break, Goldman Sachs was a massive buyer on the lows. We now understand they are buying calls and are bidding up the cash market this morning. The bearish sales pitch of the "manipulation crowd" most likely drew in some sort of official sector selling these past few weeks. We now believe that selling is over and that is part of the reason Goldman Sachs is bidding. Everyone knows the market is very oversold technically. Now that the manipulators have "deigned" that the market should rise to take some of the heat off the British, it will most likely to so. Thus, we should get a good pop in the bullion price and in the senior gold shares. Look for a $15 to $20 pop as the big boys run in the short specs once again. $275 to $280 gold is still a sorry sight, but we have to start somewhere. We continue to alert Cafe members that silver could explode at any time. $9.78 our year end target with any kind of relief in the gold market. Have a nice day, Midas du Metropole