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To: Phil Jones who wrote (3664)	6/25/1999 12:05:00 AM
From: d:oug	Respond to of 4066

Phil, I have not yet been to Le Metropole Cafe but the e-mail said that there was a new article there about a Mexican bubble ready to pop. If there does exist a USA or world bubble that is in trouble, then if and when it will pop will strongly depend if the forces that caused it weakness and faults were generated thru devious acts. If not, then the pop may not happen, but only a slow leaking or minor tearing of the surface. This will not "save" gold. But if the "bubble in trouble" was created thru events by persons, legal or not, for their personal gains at the expense of the regular folks, then the pop will happen soon before year 2000 because these movers and shakers that did this "wrong" are cowards and will run away and let all hell break loose as they look for places to hide and point the blame on others, prior "friends". Doug

To: Phil Jones who wrote (3664)	6/26/1999 3:28:00 AM
From: d:oug	Read Replies (1) \| Respond to of 4066

Phil, from years Of The Rat, to now 1999 will be Year Of The Gold. From Midas - I Smell A Rat (6/25/99) Midas du Metropole Bill Murphy ( Midas ) ........ had a hush hush meeting of leading world banking officials in Philadelphia a couple of weeks ago and strong indications of massive redemptions at hedge fund biggies, Tiger and Soros.......... .......followed by a stunning $20 billion intervention implemented to hold back the yen ( the old yen carry trade problem surfacing again ). ......... the word is that two more hedge funds are in trouble; Ross Capital and Monroe Trout are the names that have surfaced. Monroe Trout was heavy sellers of German Bunds the past two days as that market has been hit very hard. It would appear that the de-leveraging process that......... ..... feels more and more like part of that Goldman Sachs 1,000 tonne short position, that our sources tell us has been uncovered on the books, might be part of a Fed trading account..... .......... here is article 354 from the Federal Reserve System book ( we will tell you soon, but you might want to look and see who is behind the Federal Reserve. Most people have no clue...... *354 "Transactions involving gold coin, bullion, and certificates" "Every Federal reserve bank shall have the power to........ ......... when necessary, acceptable security, ......or other securities which Federal reserve banks are authorized to hold." So the Fed has the right to trade the gold market. Cafe members know that Long Term Capital Management sent us a letter and an affidavit and letter denying trading any gold. We are in the process of cordially responding to them and will ask for some SPECIFIC clarifications. .....from The Gartman Letter - Friday, June 25, 1999. "Precious metals are firmer helped, of course, by rising interest rates but helped even more by reports that the major Wall Street firm long associated with a large short position in gold (Goldman Sachs... having apparently inherited that position from LTCM last year) may be in fact "the bid" to the BOE's offer when the latter auctions a goodly portion of its gold reserves next month......... ...firm's intention to take all of the first 25 tonnes of gold, when it becomes more publicly understood, stands to push gold prices rather sharply higher. ......, making the rumours all the more readily understandable." This is very strange. Many weeks ago Mr. Gartman "condemned GATA in his Gartman letter for conducting our investigation....... So what gives? Where did he get his information about Goldman Sachs inheriting an LTCM gold position? That is what we said, yet we get abuse for saying the same thing he does. Even though he condemns us, we thank Mr. Gartman for pointing out to the world what our inquiry about LTCM was all about in the first place. One thing I promise you. The Cafe will be jumping this summer. All the best, Bill Murphy, Le Patron lemetropolecafe.com Send mail to lepatron@lemetropolecafe.com with questions or comments about the cafe. Copyright 1999 Le Metropole Cafe