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

To: d:oug who wrote (47166)	1/17/2000 8:33:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116752

(GATA News) BULLETIN!!! - US Senator and GATA / Gold Coin Announcement Subj: Powerful US Senator and GATA / Bundesbank Gold Coin Announcement Date: 1/17/00 3:24:19 PM EST From: LePatron@LeMetropoleCafe.com Le Metropole members, As a result of the efforts of GATA Treasurer/Secretary, Chris Powell, one of the most powerful and respected members of the United States Senate has sent letters to Alan Greenspan, Chairman of the Federal Reserve System and to Lawrence Summers, U.S. Secretary of the Treasury. In those letters, this Senator asked both Mr. Greenspan and Mr. Summers to answer the 11 questions that were presented to them in the center spread RollCall open letter of December 9, 1999. In addition, this Senator asked that they respond to him "directly." GATA will keep you informed as to this Senator's progress in obtaining what was requested. GERMANY FIRES ANOTHER SHOT ACROSS THE BOW It is very, very clear that Germany (probably along with other European countries) is very unhappy with the orchestrated effort to hold down the price of gold. I do not have all the appropriate details but Cafe sources tell me it was announced today that the Bundesbank is going to mint 1 million gold coins that will commemorate the 50th anniversary of the D Mark. Last year the Cafe reported that it was the Germans who were most behind the Washington Agreement in which 15 European countries agreed to limit future gold sales and to curtail their gold lending practices. The price of gold then shot up over $80 before the gold market manipulators could marshal their forces to add enough supply to orchestrate the price down once again. That is why we believe today's announcement is far more significant than creating gold demand by minting the coins. It is another shot across the bow to those that are holding down the price of gold to suit their own interests. It also is clear evidence that there is a split among the major central banks of the world about what is being done to the gold market. Central bankers do not like sudden radical moves. They want stability. We strongly suspect that the Germans know that a future unstable situation is being created by those holding down the gold price. Too much gold demand is eating up too little gold supply at too low a price. The gold loans are TOO BIG to be paid back in a short period of time, etc. Yes, the Germans know this and are telling certain shorts to cease and desist with their price capping stranglehold of the gold market. The Germans know that the longer this goes on, the bigger the problem will be when this taught gold slingshot finally is slung. Thus, they want a gradual move up in the gold price NOW, so that things do not get out of hand in the future. For what it is worth, that is my take on this gold coin announcement. Germany has spoken. Oil is at $28 per barrel. Commodity indexes are all going into new high ground. Bond yields have risen from 5% to 6.7% in a year. The gold price should rise SHARPLY. If it does not, it will become even more clear that certain financial powers are HOLDING DOWN the gold price. Those entities then must be immediately exposed. All the best, Bill Murphy Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com