Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jocko who wrote (2525)	8/19/1999 10:13:00 PM
From: jocko	Read Replies (1) \| Respond to of 2635

Last one..... for now :-) Le Metropole members, The Australian dollar was trounced yesterday. I do not have the numbers in front of me but when I woke up this morning, I thought it was a mistake - it was beat up that badly (63+). The thought running thru my mind was that such a weak Australian dollar would tend to bring on Australian producer selling. If the Australian dollar weakens versus the U.S. dollar, the gold price rises in Aussie dollars. All things considered, this tends to bring on Aussie forward sales. I just sent out an email to Cafe members that I was told that Goldman Sachs was "going around this morning to producers telling them that hedge funds were going massively short so they should forward sell before it was too late." And, I told you that was peculiar because, before the opening today, I was told that the hedge funds were lining up on the long side ( The XAU closed higher today). Well, I just got a call from a good a source as you can get from Australia and he told me that GOLDMAN SACHS WAS THE ONE WHO SOLD DOWN THE AUSTRALIAN DOLLAR. Good old "Hannibal Lechter" himself. And GATA caught him. How desperate are these "Hannibals?" They will do ANYTHING to attract selling. The problem is: they are being found out. The reasons to be bullish gold are overwhelming; yet, Goldman, "doth protest too much." That is so because they and the rest of the "Hannibal Cannibal" crowd are trapped with humongous gold borrowings that they cannot cover. This is another "Goldman Sachs" outrage! Bugler- sound: "Carp diem" The internet is changing the world. Be a part of THE CHANGE in the gold world. Contact the gold companies to get behind GATA. "MO" is going our way. All the best, Bill Murphy Le Patron and Chairman, Gold Anti-Trust Action Committee lemetropolecafe.com