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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: jocko who wrote (2511)	8/9/1999 5:28:00 PM
From: jocko	Respond to of 2635

Just a little something to think about: Le Metropole members, Will Arch Crawford be right about a big stock market tanking on August 11? Today, the bond yields went up once again and reached 6.24% in the U.S. The CRB Index is still climbing and finished the day at 197.85 up 1.07. The price of oil rose sharply, closing at 21.27. Base metals led by nickel (6400 and new high for the move) also were up. The financial scenario laid out to you by the commentators in www.lemetropolecafe.com is coming to pass. The commentary on the financial markets by David Tice and Charles Peabody is right on the money. We hope you will pass this on to others who might want to have a leg up on other investors regarding the breaking of the "stock market and credit market bubbles"; the predictions of David Tice, the bond market and banking stock calls of Charles Peabody,"the inside scoop" on the gold market by yours truly, and all the other informative Café commentary that is served to you by our savvy other contributors. The bull market move coming in gold will most likely be the most grandiose of all time. Think of it as a pressure cooker blowing its top. The XAU broke thru all technical barriers today closing at 68.49 up 3.64. If you are interested in the gold market, I hope you will read the Midas du Metropole that I put out yesterday, entitled," The Gold Market - Why Be Aggressively Long? - "the risk/reward ratio is as good as it gets." Today, gold closed up 70 cents, as it was knocked down at the close by cousin "Hannibal", Chase Bank. But the real excitement is going on behind the scenes. The lease rates continue to SOAR. Midas told you weeks ago that this was in the works, and here it is! Today, the one month rate was 3.20 (up 43 basis points), the six month rate was 4.33 (up a whopping 92 basis points) and the one year rate was 4.09 (up a sizzling 93 basis points). That tells us that there is significant tightness in the physical gold market that borders on the extradordinary. The gold spreads between the contract months on Comex also narrowed once again with the nearby months gaining 40 basis points over the spring months of next year. A week ago Midas told you that the gold market could go into backwardization and NOW the floor on the Comex is talking that way; THEY are actually talking about a gold squeeze coming up. "Hannibal Lechter" and Co. are still huffing and puffing as they try and forestall the inevitable. But, they will lose. Once outside market forces go against them in a significant way, their "gold market manipulating cartel" will break apart. Tis going to happen. Then the gold price will roar! Some wonderful Cafe commentary has been served to you at the Dos Passos Table. 1. Executive Intelligence Review - a roundtable discussion about the Bank of England Sale and Tiger, the hedge fund. (Late in the day it was brought to my attention that former British Prime Minister, Margaret Thatcher is on the Board of Tiger. That needs to be confirmed. If so, she could have no idea of what is going on here. She is revered all over the world and rightly so. A person of her moral caliber would never stand for what is going on in the gold market.) 2. Café member Steve H - "Investors take note, a new place to invest" 3. Mark J. Lundeen - 'Some Thoughts From An Old Retired Sailor" 4. Café member Gdomka - sends us an interesting www.usagold.com post lemetropolecafe.com