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

To: long-gone who wrote (40834)	9/26/1999 5:02:00 AM
From: d:oug	Read Replies (2) \| Respond to of 116762

Richard, I have just read yesterdays posts on this thread and noticed a request from someone for an update on Bill Murphy. Follows is just a very small portion from the Cafe, but it includes mention of a Kondrattieff wave student of interest. (from lemetropolecafe.com) Taylor: Last month, Dr. Ravi Batra, who was interview in these pages last month, said he thinks it is highly likely we will see a market crash by the end of this year. At the very latest, he believes we will suffer a catastrophic downturn during the first or second month of 2000. And the only long-term investment he is suggesting people make is in gold and gold shares. Murphy: I could not agree with him more. Taylor: What you are saying dovetails pretty well from a timing perspective not only with Batra's views but also with the views of Ian Gordon, a Kondrattieff wave student who also thinks the market will crash before year end. In fact, Ian has chosen a specific date early in September. I would not want to be so specific myself, but that is what he thinks. Murphy: Well, let me just add something here if I may. A top-flight financial man in England named Kenny Butler Henderson told me he had lunch with Alan Greenspan in 1971. Greenspan told him then that his goal was to become Chairman of the Federal Reserve Bank. At that time Greenspan, was a Kondrattieff disciple himself. He told Henderson that he would do anything he could to prevent the Kondrattieff wave from crashing on his watch. And it appears to us that this is exactly what he has done. But we think he has only postponed the inevitable. Taylor: So you think he has been doing all he can to fool the natural cycle of the Kondrattief Wave. Murphy. Yes, we think he has been facilitating the bubble and part of this facilitation has been to hold the gold price down and to take all the money these institutions could borrow in the gold markets and use it for other purposes. I can't blame Greenspan solely for all this. He had Secretary of the Treasury Rubin there too with his powerful Wall Street connections so Greenspan may not have had all that much choice in the matter. Taylor: Of course, Greenspan wanted to do his job well and nearly everyone worships this man. Murphy: They do now. What will they say if the markets collapse? Watch what happens when folks begin to see their 401-k savings evaporate. There will be a witch-hunt. Meanwhile, the big guys, i.e., the Roberts Rubins of this world will have retreated from the market while the average Joe will not know what hit him. We think this process may already be underway evidenced by the continued weakness in the stock market. Although the popular averages have held in pretty well, the average stock on the NYSE is down something like 20% from its peak this summer. Taylor: On another note, have you ever been concerned about your personal safety in your hunt for the truth regarding potential manipulation of the gold markets? Murphy: Yes, I have been warned by many....

To: long-gone who wrote (40834)	9/26/1999 5:19:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116762

Richard, on second thought I think that just one small post on the very current status of Bill Murphy of the Cafe and GATA might not satisfy that threader here that asked for an update on Bill Murphy. So here is a second opinion in a very shorten cut version of an article from lemetropole.com that I deleted much of an off Bill Murphy topic. The man in the article, Peter Grandich, can you give me any background on him, as in history. Opps, that word history seems to ring a bell, ?????, as in people who read and study history ???, yes thats it, but what a coincidence as I have this thing that I do in that I study people who study history. But thats off topic and might... The Kiki Table Discussion du Jour: Potpourri Peter Grandich September 22, 1999 Dear Friends, My message in late August stated I was expecting a sharp decline in the U.S. stock market to begin immediately after Labor Day. Well, it was nice to see the Dow rally to a marginal new high just before Labor Day and proceed to slide ever since. Look, I can write a long and colorful account on how poorly the technical picture looks or how the fundamentals are severely tilted to the bearish side. But I won't. Instead, I will sum up the condition of the U.S. market in one word- UGLY!!!!!!!!!!! Any questions???? Precious Metals - SQUEEZE THE BASTARDS! Please lord forgive me, but it has been heart-wrenching to watch what may never be fully proven, but you just know, was pure manipulation of the gold market... No one in the world has taken more criticism for his expression of concern regarding this manipulation then Bill Murphy, Editor of www.LeMetropolecafe.com ... if we are right about how significant the manipulation has been, I can assure you Bill has truly put his life on the line. You must strongly recognize the meaning behind the announcement that two mining giants were willing buyers in yesterday's auction ( one managed to acquired some gold and the other didn't). When the people who live and breath it (and not to mention are part of the reason we got as low as we did by playing into the hands of bullion dealers by hedging so much) come out as buyers, you can pretty much draw a line now at the bottom price for gold. As noted in my message last Friday, I will be re-establishing my website and bringing back The Grandich Letter as a full-service advisory publication. I am also considering bringing back North of The Border as well. In it, I would cover the companies I work for as well as the markets in Canada.