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

To: Bobby Yellin who wrote (37874)	7/27/1999 9:44:00 AM
From: Baba 2	Read Replies (1) \| Respond to of 116770

bobby, say it ain't so....c'mon your kidding right????......could it be......???. naw better change the batteries in your hearing aid..<VBG>....gold???...it was "cold" not gold...goldman is touting a company that has found a cure for the common cold....that's it.... ya had me wondering for a bit there...

To: Bobby Yellin who wrote (37874)	7/27/1999 9:52:00 AM
From: Richard Mazzarella	Respond to of 116770

Morgy, I heard it too!!!!! Someone please call 911. <VBG>

To: Bobby Yellin who wrote (37874)	7/27/1999 9:59:00 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 116770

Goldman on gold, biz.yahoo.com

To: Bobby Yellin who wrote (37874)	7/27/1999 12:05:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116770

Le Metropole members, Yes, it IS time to be aggressively long. The "collusion crowd" is feeling the heat for orchestrating too low a gold price. The IMF gold sale is history at the moment as it will not get through the U.S. Congress, the Swiss gold sale is in serious jeopardy, African countries are pleading with the English and the IMF to cancel sales, and The Black Congress in the U.S. Congress is up in arms. Therefore, the spotlight is on the "gold cartel crowd" -( the bullion dealers led by Goldman Sachs, the Clinton Administration, and the Blair administration in England ). It is becoming too obvious what they have been up to so they have decided that it would be better for their grand scheme for the price of gold to rally. For example - this is what kind of flack Tony Blair has to put up with: Langkawi, Malaysia ( Dow Jones ) - The U.K.'s Bank of England should suspend all sales of its gold reserves, South Africa's Deputy President Jacob Zuma said Monday. "The reality is we want the Bank of England to halt the sales," he said at a new conference on the fringes of an international economic conference on the Malaysian Resort Island. Thus, Goldman Sachs initiated a hasty conference call for its clients this morning and came up with some lame supply/demand reasons why the price of gold is going to average $270 this year, $275 next and $290 the year after. ( Make that $375 or $475 next year, not $275 ). Dan McConvey, their precious metals analyst, told Goldman's clients that: mine supply is being curtailed at these prices, the high grading that is going on is unsustainable as gold mines to not have the long life reserves capacities of base metals mines ( 10 years versus 20 years respectively ) and that is politically incorrect for central banks to be seen selling gold at this point in time. I wonder if Blair and Co. told that to McConvey? Goldman Sachs has been a big buyer recently so they had to tell their clients that they felt a rally was coming- after they finished buying of course. This buying probably came on on notification from Peter Fisher at the New York Fed who got the word from "the top" that the manipulation game plan has been altered for the moment. That is - they are going to orchestrate, or "allow" the gold price to go higher to temporarily diffuse some of the political pressure that is being exerted upon them. So uptown we go and we know WHY the gold price will go up. That does not mean the manipulation is ending. It just means that are side is gaining ground and that means we will only intensify GATA's efforts to expose this ludicrously obvious manipulation scheme that is destroying a supposedly "free trading market". One more thing. The lease rates are going back up again. Could it also be that what we have been saying for some time is upon us - namely, that the central banks have planned to reduce their gold lending from here on in to the end of the year. One month lease rates are 3.17% today and 6 month rates hit a NEW HIGH of 2.71%. Talk about risk! Who wants to borrow $254 gold with the risk that entails and pay 3.17% to boot? Gold, silver, and the XAU should rocket in the weeks to come. Get long, be strong and go WITH the "gold conspiracy crowd" this time. All the best, Bill Murphy Le Patron lemetropolecafe.com