To: d:oug who wrote (2 ) 8/12/1999 9:01:00 PM From: d:oug Read Replies (1) | Respond to of 40
To: dougak, From: LePatron@LeMetropoleCafe.com (GATA related excerpts) Subj: GOLD MARKET BULLETIN !!! Date: 8/12/99 10:32:40 AM EST ... Midas du Metropole informed you that much of the gold buying was due to a producer buy back. We just received word from Icarus that there is another producer buy back going on again today. And of possible extreme significance, "Hannibal Lecher" just bought 2,000 Dec 300 gold calls. AND, another very credible source tells us they have been told that "Hannibal" - Goldman Sachs - is reported to be willing to buy UP TO 20,000 Dec 300 gold calls. For days and weeks now, we have been reporting to you how tight the physical gold market is. That is what the soaring lease rates and narrowing gold market spreads have been telling us. Our camp believes the gold loans have risen to out of control levels - 10,000 to 14,000 tonnes. The "Hannibal" camp will tell you 4,000 to 6,000 tonnes. They are Pro disinformation spreaders. Perhaps, the time has come when they realize the jig is up and since they are all so SHORT, they are trying to cover their butts by covering their exposure (for themselves or clients) any way possible. For two weeks, we have explained to you the reasons why we have felt it is time to be AGGRESSIVELY LONG. Day after day the evidence and market action suggests that Midas du Metropole's assessment of the gold market is "on the money." The gold bear market is OVER. The Hannibals will not give up their manipulation easily. But, they may have no choice. If outside credit markets continue to deteriorate, central bankers will call in many of the gold loans - at least many of the ones in spec hands. That will reduce supply and force gold prices much higher. Subj: David Tice - Endemic Distortions to the US Economy Date: 8/12/99 10:34:03 AM EST From: LePatron@LeMetropoleCafe.com David Tice has served commentary at the Toulouse-Lautrec Table... "hyper-indulgent consumer sector" "buyers panic in Silicon Valley" "staggering outlays on sports facilities" "the elephant - Las Vegas" Dr. Neville Bennett has served commentary at the Man Ray Table entitled, "Global Warming" and "Japan: Dead Cat Bounce. Global Warming: "a more energetic sun" "thick brown cloud the size of the USA that hovers over India" "Kyoto Protocol on reducing emissions" Japan: Dead Cat Bounce: "land prices have fallen 7 straight years" "Japanese consumer accustomed to falling prices" "The Bank of Japan will simply print more money" Midas du Metropole responds to 3 emails at James Joyce Table. "Goldman Sachs takes delivery" "Morgan, Chase, BIS" "Why the $2 rule might backfire on "Hannibal" Bill Murphy, Le Patron, lemetropolecafe.com Bill Murphy, GATA - Gold Anti Trust Action