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

To: d:oug who wrote (44768)	11/11/1999 5:47:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116767

shame on me, i am a lowly gata nut talking trash and posting rumors The James Joyce Table Discussion du Jour: Gold, Commodities, Midas du Metropole Sold out indeed! As suggested last night, it appeared to me that the gold market was SOLD OUT and that was the case... From a technical standpoint, the volume picture is very bullish as the... Gold floor sources have told the Cafe that if Dec. goes $303 bid, the gold price should FLY... I repeat this statement because it says it all to me. Goldman Sachs, Hannibal Lecter himself, is predicting $375 gold within one year. This is the bear of bears calling for an $80 move up... ... under advice of one of the "Hannibal Cannibals." With friends like that, who needs enemies? You also might like to know that several brokers have reported to me that they have suggested to their clients to sell Barrick Gold. The clients have done so. To date Barrick has refused to cover its forward sales and is doing a seminar on why hedging is so wonderful... I wonder what Barrick's unrealized *** will be as gold goes $350 bid? Food for thought: Scuttlebutt rumor is The Bank of England did not have the gold to deliver to Gold Fields Ltd that it bought at the second BOE auction. Sources speculate that is one of the reasons Kuwait sent its gold to the BOE. How can that be you say? Well, other sources say that the BOE may have lent out all its gold to the bullion dealers. The bank considers those account receivables to be as "good as gold." Much of the gold world today is about paper transactions. The BOE bidding rules call for the buyer to declare for physical delivery or an account receivable slip from the bank. Maybe the BOE did not count on producers coming in and asking for delivery. Just something to think about. Platinum ($426.90 up $12) and palladium ($413.65 up $10.50) are on fire. Before the gold market became manipulated, moves such as these were often precursors of a coming gold move. The Cafe's John Brimelow alerted us some time ago that the big news for platinum would be strong demand increase coming out of China. That news hit the wire services today. Last year that demand grew by 70% and it is very strong again this year. Russian supply disruptions continue to plague the palladium market which has strong orders from the automobile industry. Tom McNamara of CIBC World Markets reports that Jordan is under some pressure to sell its 826,000 ounces of gold. First Kuwait, now Jordon. The Hannibals must be really desperate ... search for gold suppliers Gold output in South Africa, the world's biggest producer, fell 4.3 percent in the third quarter from a year earlier ... a 44 year low. Financial Times - London - November 9: "He (Bernard Fleurose) was appealing against this year's tribunal verdict that he and Henri Laurent - another former JP Morgan trader and his superior - had manipulated the market by depressing stock prices to avoid the bank having to meet option obligations." JP Morgan, big time bullion dealer, is the Co-chair of the Counterparty Risk Management Group, along with Goldman Sachs. Another joke at the expense of the public. Does manipulating a market down to protect option positions sound familiar to any of you gold call option holders. Does it gall you? It does me. We would be put in the clink if we did what these bullion dealers and companies do. ... in knowing the gold hedging mining companies from the non-hedgers... ...listed alphabetically is contains seven companies which warrant the attention of serious gold stock players... Several million dollars have been spent on each of these company's projects, they are not hedged, time is on their side and they look very cheap. My favorite, because I know it so well, is still... Bill Murphy (Midas) Chairman, Gold Anti Trust Action (GATA) gata.org Le Patron, Le Metropole Cafe lemetropolecafe.com Note: GATA is a non profit organization working extremely hard for all man and woman kind to combat those evil forces aginst gold. Note: The Cafe is a pay per view that is Very Strongly pro gold, and its a good place to obtain extra information about the type of evil that GATA is engaged in. Currently a free 2 weeks available to one and all.