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Strategies & Market Trends : Gold - soon to be the new "in" play -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (21)	9/1/1999 6:57:00 PM
From: d:oug	Read Replies (1) \| Respond to of 40

...Goldman Sachs...Bank of New York...SCANDAL! SCANDAL! SCANDAL! Subj: Holman Jenkins Jr. - Russians agree US Banks are Tops Date: 9/1/99 1:59:37 PM EST From: LePatron@LeMetropoleCafe.com To: dougak Le Metropole members, I have served a Wall Street Journal article for you at the Kiki Table entitled, "Russians Agree: U.S. Banks Are Tops!" It appeared today and was written by Holman W. Jenkins Jr. "Nobody was surprised when Mr. Khodorkovsky, the wheeler-dealer so studiously cultivated by Goldman, emerged as a figure in the Bank of New York scandal. He told the New York Times last week that the money belonged to the Russian political elite, who were trying to get their funds out of high-yielding Russian treasury bills in the weeks just before and after Russia devalued the ruble and declared a moratorium on paying back its debts." Sources tell me that the Russian elite are skimming $20 billion out of Russia every year now. That amount is 2 to 3 times greater than drug traffickers take in. This is another story about "Hannibal Lechter" and the author suggests "Congress should look into this mess." While Congress is at it, they might as well subpoena their gold books too. Like I said in last night's Midas: the gold market manipulators are no better than street thugs. Yesterday, it was Goldman Sachs along with fellow Hannibals AIG and Morgan Stanley that sat on the gold offers when gold rallied. Big surprise, eh! Well today, the CRB broke 200 to the upside giving them more reason to beat gold down. It has now retraced all of yesterday's gain. I just received a report from a Cafe member who has an assoicate who just returned from Singapore. The gold trade there is BOOMING and the talk of the town. Base metals aluminum, copper, zinc and nickel are flying. Take a look at their charts if you can. Oil is up again today. All this and gold goes nowhere. SCANDAL! SCANDAL! SCANDAL! Le Metropole Cafe Bill Murphy, Le Patron