To: Fuller who wrote (348 ) 10/4/1999 1:50:00 PM From: jocko Respond to of 530
Hi Fuller & all..... AMMUNITION Was the best way I could think of to describe this one :-) 12:30a EDT Monday, October 4, 1999 Dear Friend of GATA and Gold: GATA Chairman Bill "Midas" Murphy has been working all weekend as usual, collecting intelligence on the precious metals markets from around the world, and has filed two more dispatches. They are very long and I'm not going to post them here to you, but I'll summarize them and you can read them in their entirely without charge by taking a free trial subscription to www.lemetropolecafe.com. Bill's first dispatch of the weekend puts together the interesting coincidences surrounding the bailout and imminent dissolution of the infamous hedge fund, Long-Term Capital Management. You may remember that LTCM started fighting with GATA a few months ago, but the firm's lawyer took off when we asked him to document his assertions, and now it seems that the whole firm is about to take off. At least that's what the firm's de-facto agent, New York Federal Reserve President William McDonough, announced in Chicago on Friday night. Bill's second dispatch is a compendium of the latest indications about gold from around the world, and a warning to the big and desperate shorts that GATA now has them surrounded and offers them a dishonorable surrender: Cover or die. Bill disclosed Friday that some shorts are already defaulting. He has another big scoop in the second weekend dispatch: South African gold producers are about to unite to restrict production and thereby apply the fatal pressure to the already faltering gold- leasing business. This will create a bit of an OPEC for gold. Asian gold is being quoted at this hour at US$309, almost $4 above Friday's close. May we all have another interesting week as we carry the gold cause toward the victory of working people and honest money worldwide. Please post this as seems useful. CHRIS POWELL, Secretary Gold Anti-Trust Action Committee Inc. ------------------------------------------------------------------------ eGroups.com home: egroups.com egroups.com - Simplifying group communications