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

To: Ken Benes who wrote (44193)	10/28/1999 10:56:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116764

Why are you so determined to hammer your opinion - why don't you rejoice and short the darn stocks? Or are you uncertain deep down, and merely trying to convince yourself that gold stocks are a bum investment. The trouble with such blanket statements is that there's no such thing as a generic gold stock - things change all the time - ABX may finish up with one of Ashanti's key properties for example.

To: Ken Benes who wrote (44193)	10/28/1999 11:10:00 AM
From: re3	Respond to of 116764

ken your comments are exactly the reason to hold or buy now...sorry

To: Ken Benes who wrote (44193)	10/28/1999 11:11:00 AM
From: Alex	Read Replies (2) \| Respond to of 116764

*The one certainty* coming out of this past month, ownership of gold shares is less desireable than at any time in the past, the potential for making money is just not there.** That's quite a visionary statement Ken. I'd put that right up there with death and taxes. Not saying that you're wrong, the future is never that clear to me. But couldn't damn near anything come to pass? Including gold shares rising?

To: Ken Benes who wrote (44193)	10/28/1999 12:41:00 PM
From: Richnorth	Respond to of 116764

Pardon my ignorance! Are all the short-covering and hedge positions done and over with by now? Where did you get the news that there's gold aplenty for the shorts and hedges to take good care of themselves? Rightly or wrongly, I got the impression there's still lots more short-covering and hedges to be taken care of in the days ahead! Though a number of analysts and newsletter writers waxed enthusiastic on the pog at the Calgary Mining Conference October 3/4, saying it would reach at least $400 by year end, I am somehow not as optimistic. (Mind you, they had been dead wrong before!!!) I think May 2000 is likely to see a sharp upswing in the pog. Just my opinion only! Perhaps a number of investors/speculators are not buying right now because they are caught in a market funk! and the uncertainties that it spawns despite the best efforts of the powers that be to jack up the DOW. BTW, fellow poster Paquet said that the gold is the public enemy #1 of the Dow, and so gold has to be made to look very unattractive. Like so many others, I am frustrated by the inertia of gold etc., and I long for a custom-made market where everything happens on cue! A tall order, eh? VBG!

To: Ken Benes who wrote (44193)	10/28/1999 5:01:00 PM
From: Richnorth	Respond to of 116764

Bill Murphy has just emailed me the following. It says that forward sale positions are STILL being covered. Perhaps this may be of interest to you and others. Le Metropole members, >From the horses mouth: As we suspected and alerted Cafe members: producers are covering some of their forward sale positions. It is the Australians. They started last night and are buying RIGHT NOW. As our source told us, it is the RIGHT people buying here. Tomorrow is month end. Word is spreading. "Clean up your your upside forward sale exposure and get your books in order." Shareholders do no want even want to think about more Ashantis or Cambiors. Dec gold last traded at $301. All the best, Bill Murphy Le Patron lemetropolecafe.com

To: Ken Benes who wrote (44193)	10/28/1999 5:27:00 PM
From: Richnorth	Respond to of 116764

Here's another email. Got this one rather late last night. Recently someone pooh-poohed Bill Murphy's enveloping horns and flanking movements and compared them to someone's overarching fingers grabbing his dick! Maybe someone would care to comment on the email below. "One thing is crystal clear to me and should be to all gold market participants. When a market moves up $80 out of nowhere from a deep slumber, after heaps of ridicule have smothered its advocates by the press and elite "money power brokers," it means a powerful, new dynamic has been unleashed." "I received a phone call late today from one of the United States' foremost attorneys. This distinguished individual was formerly with the Justice Department. His partner used to be affiliated with one of the regional Federal Reserve Banks. All I can say now is that they told me they are fed up with the manipulation of the gold market and they want to know how they can help get this out into the open. In my role as Chairman of the Gold Anti-Trust Action Committee, I am going to meet with them in the very near future." <A HREF="http://www.lemetropolecafe.com/scripts/products.cfm">Le Metropole Café</A> All the best, Bill Murphy Le Patron lemetropolecafe.com