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

To: long-gone who wrote (41197)	9/27/1999 9:52:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 116764

Welcome to I-Nut land. Used to be called the XAU but rumor has it they are changing the tag to SOAR.-g-

To: long-gone who wrote (41197)	9/27/1999 11:40:00 PM
From: d:oug	Respond to of 116764

Richard, its now 11:30 pm est monday and I have not yet read the last 199 posts on this thread, so the following might have already been posted. But atleast I see gold at $185 at this moment, so hopefully all still ok. Also hopefully Bill Murphy was an on topic today, and I will assume so, so I will attach his e-mail to me of monday morning. Also, I currently have another more recent e-mail from Bill Murphy, so after reading it I will post it also if its also on topic. Doug Subj: GOLD, Feedback, Summer Gold Loans a Disaster for Borrowers Date: 9/27/99 10:30:04 AM EST From: LePatron@LeMetropoleCafe.com To: dougak Le Metropole members, Round the world, the gold market is so far having its best day in 10 years. A significant battle has been won, but not the war. I will have more on this later in my Midas du Metropole. At the moment, around 9 AM CST in the U.S, gold is up..... As you all know I have been pounding the table about gold the past two months as "the best risk/reward investment that I have ever seen." The price has now rallied about $25 off the mid range of the summer. Thus, this big move today is no big surprise. The reason for that is because of the work my associates and I have been doing "gratis" for GATA. I am being fed as good, or better, information on the gold market as anyone in the world right now. Well positioned people in the gold industry want to help us succeed against the "maligned forces" that have been unnaturally holding the gold price. Several times this summer I reported to you that there were serious "government to government" negotiations going on about the gold price and the gold market. That information was RIGHT ON THE MONEY... I thought I would share some emails with you that I received early today. This is a day to smile for gold bulls. It is only the beginning. Bill, Its about 3.00 PM Perth time and I have just come home from one of the best dealing days for gold ever. Its a public holiday in Perth today although the stock market is open. The dealing room was half empty. Well there we were, a couple of mates and myself watching a boring market when we noticed gold edging up and then edging up some more until we decided enough was enough and we pulled the cheque books out and started to buy the shit out of Normandy, Lahir, Sons of Gwalia and Delta etc. If fact we were so early into the rally we started to think noone gave a crap, so we started taking profits thinking well that was it. Well we sat back and discussed the continued upward pressure on gold which technically was looking like the space shuttle taking off. Being well schooled by GATA in whats happening in the gold market in general and it wasn't long before I was conducting a lecture. Well it wasn't long before we concluded the squeeze in the gold market was now on and we were lucky enough to witness the start. We of course received the European Economic Community's statement on gold sales which further cemented the case for conviction of Hannibal Lector. We then hit the market running. Bought everything we sold back and then some more, the market kept running so we doubled up. I didn't even know how much stock I had bought I was in such a frenzy and had no idea how much I was up, except it was a shit load. Its been a long time between drinks mate but today was our day. But thanks for the education on the gold market because without it, I would not have realized what was going on in the gold market and therefore would not have profited. The sentiment has changed down hear I can tell you. Its gold, gold, and all that bullshit being peddled by the shorters re gold heading to $200 and no longer being an important reserve asset etc, etc was being openly ridiculed in out dealing room today. That is a very important change in attitude and as such I see a pile of cash across the market pouring into gold stocks. My best buys:..... Regards Mark Bill: I got up and Dec Gold is up to 287 ! Wow! You called it right! CNN is finally giving some news clips on GOLD. It's about time. The ingredients are finally making their way into the "bowl." Short covering...good publicity .declining market...and maybe Y2K. This should be a very interesting week...are you going to hand the Hannibals any towels to wipe up their "sweat?" I'm wondering what was the impetus for the G7 to make their announcement? Great job Bill! D T I wish to give you a personal thanks to you and your web site. It is the best $99 that I ever spent. I have a very meager knowledge of the markets and the web site has been a wonderful place to learn and expand my knowledge. Before reading your web site I had no knowledge of forward sells, hedge funds, the role of central banks and bullion dealers, and how they all interacted. I am also starting to get a feel for the expanding credit bubble, how it seems all money comes out of this and the precarious position that this bubble places us in. I can not thank you enough for the education. It has been uplifting, and unfortunately, depressing at the same time. I also thank you for your courage to stand forward. Gordon Cafe members - An item of interest for you: It will be helpful to keep this in mind. Anyone who borrowed gold at 3% this summer now has a 43% gold loan on their hands. - I repeat, 43%. The price of gold has rallied 10% on average for those loans. That is 10% in 3 months. Annualized - that is 40% per year. If a gold loan is to be unwound, that is what he borrower will have effectively paid if he buys his gold back today. Add the 3% gold lease rate and it is a 43% loan. All the best, Bill Murphy, LePatron@LeMetropoleCafe.com lemetropolecafe.com Bill Murphy, GATA - Gold Anti Trust Action gata.org

To: long-gone who wrote (41197)	9/28/1999 12:05:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116764

Richard, Bill Murphy's latest e-mail about Pork BellyButtons ??? So I deleted that part, and the rest is as follows. Subj: Midas - Biggest Up Day in Gold in 15 Years - XAU Explodes Date: 9/27/99 8:48:19 PM EST From: LePatron@LeMetropoleCafe.com To: dougak Le Metropole members, Midas du Metropole has served commentary at the James Joyce Table. Best one day move for gold in 15 years. Bloomberg reported this from Frederic Panizutti, head of Strategy at MKS Finance, a Swiss gold refiner and trader: "Nobody expected something this concrete and this good for the gold price to happen. With this major supply problem out of the way, we may get a demand driven market, and demand is strong." Frederic, take out a Caf‚ membership and you would not have been surprised. We saw this sort of thing coming and while www.lemetropolecafe.com may be "nobody" to your crowd and to the U.S. press, we nailed this one, thank you. The Caf‚ and GATA would like to thank the esteemed Chevalier Harry Shultz, who publishes the International Harry Schultz Letter, from Europe, which is now in its 36th year of publication, for this press release today: "CHEVALIER HARRY SCHULTZ GIVES GATA CREDIT FOR GOLD ACTION" "World's highest paid investment consultant (Guinness Book), Harry Schultz issued a press release today giving Bill Murphy & GATA a "large measure of credit for the announcement by Euro central bank president Duisenberg that bank gold sales will be limited & modest." Chevalier Schultz said GATA organized pressures & made revelations which altogether played a role in this significant EU action. It can probably now be said that a gold bull market is underway. It's arrival was delayed by certain bullion dealers & bullion banks who have contrived to illegally hold down the price for many years. "Schultz also gave credit to gold-eagle.com for their internet revelations. Some gold producers also woke up to the need to stop selling forwards. A coordinated effort by those who believe in gold as a system for honest money, which fosters honest govt, is starting to pay off. The momentum will now build. The days of the price fixers are doomed. It's a long road ahead to full gold freedom, but a start has been made." God Bless Chevalier Harry Schultz. He has been behind us all along and GATA thanks him for his unwavering and powerful support; that is one stand up guy. Tonite's Midas: "The extent to which these (short) positions are unwound will now help to determine how far the current gold price rally has to run," commented Philip Klapwijk, Managing Director of GFMS. "Clearly if short positions are anything close to the size some people (now who do you think he is talking about here) have rumoured then $400 or even $500/oz would not be unrealistic targets." "New York - Sept 27 (Bloomberg)-- comment from John Brimelow, director of international equities at Donald & Co. in New York, on the outlook for gold prices after 15 European central banks agreed to limit their gold selling and lending over the next five years." "I think we could see the price go up $100 in less than a week. This is what happened in 1985. It turned $45 in three or four days. Gold market shifted, and it caught a lot of people my surprise. Just like today." "Veneroso Associates - "Gold Watch" - A Special for the Caf‚" "My favorite Gold Chairman and much more" lemetropolecafe.com Le Metropole Cafe All the best, Bill Murphy Le Patron www.LeMetropoleCafe.com