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

To: d:oug who wrote (44736)	11/8/1999 6:26:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116753

Gads, as in gadabout, or am I a GADDA gauche of a GATA nut. Either what or not there, I have here confusions of is this following stuff for real ? ... chief gold trader, James Riley of Goldman Sachs: New York, Nov. 4 (Bloomberg) -- "J. Aron & Co. chief gold trader James Riley said prices will rise as high as $375 an ounce over the next year from less than $300 now... ... Newmont Mining, Placer Dome and Gold Fields Ltd. have all come out looking for $375 gold. Now Goldman Sachs is looking for $375 gold. If they be for us, who can be against us. I can name two. J.P. Morgan and Barrick Gold. Frank Arisman, chief gold trader at J.P. Morgan, is advising Barrick to stay short and not cover their hedges ... that is the scoop I am receiving. If that is true, and it may not be, then we have a split in the "Hannibal" ranks. It would indicate the manipulation of the gold market may be coming to an end. It does not negate what they have done, not even close, but it tells us that there might be big changes going on within the "gold cabal." Physical gold supply remains tight. There is still a good possibility the December gold contract could be squeezed... ... certain producers that are anxious to cover some of their hedges. ... How long will they wait to cover with "Hannibal Lecter" calling for $375 gold? How can producers justify large forward sale positions on their books when the bear of bears is that bullish? If no one can verify the above, then I will have to look where I know that there are folks that know what I want to know, and for those which wish to know the truth then you should get to know the man below. Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org Le Patron, Le Metropole Cafe lemetropolecafe.com