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

To: d:oug who wrote (44955)	11/13/1999 9:58:00 AM
From: Hawkmoon	Respond to of 116753

choose the condition of a lunatic, thru force of your reason that now considers reason to be your enemy. Hmmm....... aren't we waxing pompously elegant.

To: d:oug who wrote (44955)	11/13/1999 9:49:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116753

...hate on this thread for ABX Barrick, must be something...not telling me... Its quite simple if one identifies Bill Murphy who is the Chairman of GATA, Gold Anti Trust Action located at gata.org which is a non profit organization dedicated to have truth justice and the GREAT American Way that has been violated by evil persons to obtain power and wealth thru corrupt means, to be reinstated by identifing how gold has been maniputated in a way that its importance as a means to prevent corruption, and its capatibility to identify and punish and stop the present day mismanagement of the USA economy that puts it and the world economy at risk. Its more than the price of gold as a focus, but GATA is limited to that task, while another Bill Murphy creation which he is the Le Patron of the Le Metropole Cafe located at lemetropolecafe.com engages the knowledge of many world noted experts in all the aspects of the gobal marketplace to explain what is really happening so that the spin and hype and lies of those who are not on the side of fairness and honestly are exposed. Sadly this is a pay for view web site so that Bill Murphy does not end up on the streets of a big Texas city homeless and unconnected to the internet except after he takes a shower whenever it rains and is allowed into a public library. Also, imagine one who is accustomed to buying and drinking the best beers the world has to offer, like a wine connoisseur, and then homeless on the streets going thru trash cans looking and hoping to find any discarded beer cans with remaining warm flat beer still inside. Wanna cry just thinking of the possibility, and of the possibility that thousands of new persons visit lemetropolecafe.com and pay NO money thru accepting a FREE 2 week trial look & see and enter the Cafe and read the thoughts of those who are at the top of top in knowing what is what. As for the heated discussion about Barrick ABX and hedging, a short simply example by me might identify it a little. Imagine a farm that produces food for the rest of us. They can win or loose each year based on the weather. So enters people willing to speculate, which is like a gamble. The farmer sees his farm as a way of life to value and contine. The farmer does not farm to get rich or have a secure and easy job. Talking old fashion farming here, 100 years ago. So farmer forgoes a possible big gain or lost money year with an ok one. No problem for the farmer, he ineffect un-gambles his farm. The farmer knows that he has a guarantee to not lose the farm. Money, farmer farms for the life style, let speculators work the money angle. Now imagine a difference here, long ago, at the Barrick Chicken Farm. Farmer Barrick mets this shiney slimly city slicker named dRon. Farmer Barrick and dRon create a new type of speculation. Later farmer Barrick goes to town for seed and sees other farmers talking. Other farmers say "Hope for good weather so we all can have good farms." Farmer Barrick says "Hope for very bad conditions, weather & prices." Imagine the thought and project it onto other areas of life. An attitude that one should not work for success, but for failure. As what is most important. To expect and plan for failure big time. Just a thought, a way to start each day. The more that do it this way, the more it becomes "the way", until it the correct way, and then it will be the only way. Plan big time that to become a looser is ok and correct because if it happens --- You Will Win, Not Loose ---. And as we all know, no free lunch, for every winner will be a loser, every coin you find on the sidewalk is you gain and someone elses lost. But farmer Barrick is not worried or concerned since he is alone in this big time, and those not into this type of hedging will be the loosers supplying his winnings. Only if all farmers join in would there be no Suckers to supply the gain for a loosing Hand. But then collapse would happen, as all of the scam and con games do, and the ones who created this way run away with the goods. The bottom line is that the stock[ABX] is going nowhere until they close at least part of their book. That's your opinion and if you believe it don't buy! It's really quite simple. ...that might be true, but one can make $ off the stagnant price by sellin' calls, so , who cares where she goes... there is some sort of hate-on on this thread for the stock... there must be something some one is not telling me, but i sure ain't gonna go back on the thread to figure it out... ... gold mining companies should be in the business of producing gold. ABX seems to be in a different business and I for one would love to see them eat dirt. 3 1/2 million ounces of gold isn't gold? They undermine the very business that they pretend to be in. this thread should be shut down...no one tuckin' listens to nobody... nonsense!

To: d:oug who wrote (44955)	11/13/1999 10:42:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116753

Did Barrick(ABX) do "zip dee doo dah" with Bre-X ??? Subj: David Tice - Greenspan, Hero of NASCAR / Update Date: 11/13/99 10:33:21 AM EST From: LePatron@LeMetropoleCafe.com (LePatron@LeMetropoleCafe.com) Le Metropole members, David Tice has served commentary at The Kiki Table entitled Greenspan, Hero of NASCAR. It is a MUST READ serving. "Yet, these astonishing inflationary... Midas- For those of us who believe the stock market is a big bubble and that the gold market is being held down at unnaturally low prices, this is a very frustrating time. I heard on CNBC the other day that the United Parcel Service's IPO gave birth to 30,000 millionaires in that company. Good for them. ... Will this prolonged nightmare ever end? IT WILL. And the same principal still applies - for every action there, is an equal and opposite reaction. That is why the gold move up will be grander than most can imagine and this is why the stock market will tank further than most can conceive... That is why I continue to add to my junior gold share holdings on every opportunity. The overdue move on these devastated companies will be dramatic. Ten fold moves up in share prices will be commonplace. The wait has been agonizing, but the rewards will be very special for those that hang in there. Many of the junior and exploration silver and gold companies are priced near bankruptcy levels. There will be a coming, internet like frenzy for companies have found gold and silver resources. The eventual stock price multiples for these firms will be staggering. Keep the Faith! A little GATA update. Publicly, not much as been going on, but behind the scenes we have been trying to determine our future course of action while our investigation continues about the bullion dealer manipulation of the market. Our attorneys have been diligently looking into what course of action can be taken against the N.Y. Fed to force disclosure about their recent price capping activities in the gold market. The attorneys have also poured over the Freedom of Information Act to determine if we can force disclosure there. All this entails reviewing prior cases and the numerous exemptions that the Fed has. Hard to say what will come out of this - except that if we are blocked in one area, we will attack another. My gut tells me the N.Y. Fed has a real dilemma. I think they have facilitated the capping of the gold price, but are getting in over their heads. Due to a much higher supply/demand deficit than they were prepared to deal with, they are finding it harder and harder to hold the gold price down. They lost control of the market last month and they will lose control again. It would appear Alan Greenspan is keeping his word, "central banks stand ready to lease gold in increasing quantities should the price rise." The price of oil has increased 150% in one year while Greenspan and Co. have made sure the price of gold did zip dee doo dah. To hold the price of gold down, the bullion dealers and the N.Y Fed have had to call in all kinds of favors from the likes of the Bank of England and Kuwait (and who knows who else). Ironically, I suspect their scheme is entering a desperate phase. Will this be another example of "desperate men do desperate things?" Hard to say. What I am sure of is: one of the great U.S financial scandals of all time will unfold in the months and years ahead. I suspect the United States public will learn that the U.S. Treasury and the N.Y. Fed have squandered a good amount of the gold in Fort Knox. The reaction to that action will be one of significant public outrage. The gold loans (which probably are in excess of 10,000 tonnes) have not been reduced to any great degree. The natural supply demand deficit still exceeds 125 tonnes per month. Over time, that pales the BOE, Kuwait, etc, gold supply. The bullion dealers, N.Y. Fed, U.S. Treasury and overly hedged gold companies have no end game. No way out. They are trapped in their greedy scheme. They will have a big price to pay and their financial scam, that has devastated so many, will be exposed. That is why GATA fights the fight. That is why it makes sense to stay the course with our gold and silver investments. All the best, Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org Le Patron, Le Metropole Cafe lemetropolecafe.com