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

To: C Hudson who wrote (43042)	10/15/1999 10:17:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116762

Rumour - probably as implausable as the earlier one about the Feds bailing out funds to the tune of 10 million ounces. Rumours started by bulls and bears? d

To: C Hudson who wrote (43042)	10/16/1999 12:30:00 AM
From: C Hudson	Read Replies (2) \| Respond to of 116762

That rumour I posted earlier today looks to be true! Gold shorts are gonna DIE!!!!!!! Le Metropole members, This past week I told you that some of the major gold producers had agreed to an unwritten, but formal agreement, to cut their gold production, a la OPEC. My information came to me from the best of sources in the gold producer community. I just received this email from GATA Treasurer, Chris Powell. It is an internet post: "It's illegal to form cartels in America, the government prohibits any such organization. However, outside America, it's perfectly legal just take a look at OPEC. Since the Brit gold sale, South Africa got real angry and, led by Anglogold, its been pushing full steam into creating an international gold cartel made up of non-USA gold producers. The rumor buzzing out of London tonight is that an agreement has been reached and will be announced in big press conference soon. If non-USA mining companies announce even a 25% reduction in global gold output, it's gonna ignite the gold price beyond description." This post, at minimum, confirms what I have been told. I also told the Café that there are rifts in the World Gold Council. This explains why the rift. The overly hedged shorts do not care for this. Their shares will not perform well if the gold price explodes. This also explains why Gold Field Ltd announced that it has now covered most of its hedges. Chris Thompson of Gold Fields and Bobby Godsell of Anglogold, have been the powerhouses in the gold industry. They are standing up to the "Hannibal Cannibals" and quietly changing the gold world in behalf of their own companies and the gold industry. Gold Co. Shareholders: They are your "angels." They should be applauded. "Carp Diem" is IN. "Hannibal Lecter" is OUT. By now, you all know that the PPI stats released today were far more bullish than any one conceived. The dollar was beat up and the equity markets were trounced round the world, yet, gold was only "allowed" to rally $2 by certain "maligned forces." If that did not hit you over the head today about what we are dealing with, get a brain check up with a top flight brain surgeon. Our camp has been victimized far too long. If I may, I would like to echo most of our sentiments," WE ARE MAD AS HELL AND WE ARE NOT GOING TO TAKE IT ANYMORE." The Gold Anti-Trust Action Committee certainly will not stand for the bail out of the "gold cartel forces" that have ruined so many companies and lives to suit their own greedy, self serving needs. At 7:50 AM Central Standard Time on Sunday Morning, GATA and the "Right Flank" will make an announcement to the Café and to every gold company shareholder in the world. All the best, Bill Murphy Le Patron and GATA Chairman lemetropolecafe.com