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

To: d:oug who wrote (47306)	1/20/2000 12:38:00 AM
From: d:oug	Read Replies (2) \| Respond to of 116763

(GATA News) The Little Central Bank that Roared. You kidding me? What a joke! Subj: Dow Jones and GATA / MINI MIDAS - Commodity Markets Exploding Date: 1/19/00 4:04:58 PM EST From: LePatron@LeMetropoleCafe.com Le Metropole members, MINI MIDAS The commodity markets are flying. The CRB Index last traded at 211.57 up 2.27 and is just coming out on top of a pretty good sized 4 month base which offers the support to propel it a good deal higher. Some of today's action: Copper - up $1.65 to $88.25 - new high for the move Aluminum - cleared $1,730/mt - a new 29 month high Platinum - up $12.30 at $428 Cotton - LIMIT BID - up 3 cents at 57.76 cents Crude Oil - $29.45 last with a high of $29.70 Heating Oil - 79.90 cents up 2.80 cents Bloomberg - Johannesburg, 19 January 2000 The new Randfontein Board, having concluded a detailed investigation of all of the gold hedging positions of Randfontein, have found them to be completely inappropriate for the company. In a series of transactions completed yesterday a substantial portion of the hedge book has been closed. [End.] With all this commodity price action today, gold only managed a 60 cent gain. Throughout history gold used to be a leading indicator as its price advanced BEFORE other commodities turned higher. Not now. We know the answer why! Gold demand is at record levels around the world, the European banks announced they were curtailing lending in September, producers are covering, hedge funds have pulled back on the gold carry trade. Who is selling? NOT SO FAST - JUST IN FROM THE COMEX FLOOR - word is that there is "MASSIVE LENDING" going on - From little central banks, or central banks that no one has heard of before, as being active in the gold market. Are you kidding me? What a joke! Who are these central banks and who are these so called central banks lending to? Who is borrowing gold in this exploding commodity environment and taking on the upside gold price risk? Has the Sep/Oct gold $84 price explosion been forgotten already? Ludicrous! The gold supply hitting the market to hold the price from exploding has got to be U.S. orchestrated and is a part of the same old gold manipulation scheme. All the "collusion crowd" does is spread disinformation about what is really going on behind the scenes. I am fed up with that crap. I would hope the gold producers and the rest of the industry would be too. There is one other possibility and it is just as bad. Sources close to the Cafe told me yesterday they had heard of possible IMF gold lending. I called the Joint Economic Committee in Congress to see what they had heard. Word back to me was that they had not heard anything and said that would end up to be a pretty stupid end run maneuver if true. Congress would consider action such as that as hostile. More on that one soon. On a positive note: our savvy floor gold trader, who is rarely bullish, is now very bullish as the spreads are blowing out (widening dramatically). He thinks $330 gold will soon just look like a little blip. Special note to Cafe member constituents of Ohio Congressman Sherrod Brown: I called his staff to see if they would like to see the Senator Lieberman letters and they immediately told me that Congressman Brown was just about to send his own requests to Greenspan and Summers. This thing is catching on. Nice work out there in Ohio land. These central bank lending stories (unless the IMF is in clandestine action) that were floated today just goes to show you how DESPERATE the "colluders" are becoming. They must be scared stiff - watching all the commodity markets roar - and realizing what they have got themselves into. The gold loans of 10,000 tonnes CANNOT BE COVERED, as it is, and now they ARE LENDING MORE to try and hold down the gold price? They must fear that if gold gets rolling again like it did in late September, they will not be able to stop it this time and their fraudulent scam will be exposed. That is their rigged problem. We have got to force US "officialdom" and its bullion dealer buddies out of the "hold down gold business" as they have already tried to ruin an entire industry. AND WE WILL by increasing the pressure on them by going thru Congressmen who just want the truth for their own constituents about what they are doing. It is time for a free gold market again. All the best, Bill Murphy Chairman, Gold Anti Trust Action (GATA) gata.org Le Patron, Le Metropole Cafe lemetropolecafe.com

To: d:oug who wrote (47306)	1/20/2000 9:42:00 AM
From: Casaubon	Read Replies (1) \| Respond to of 116763

I'm just trying to draw a roadmap of the state of the economy. Technical analysis helps me make decisions. I enjoy truth but find it evasive. TA helps sort out the truth. If you think you're going to topple the system, you're tilting at windmills. I won't fight a war over who said what to whom. I can only form opinions because ALL the info I get is, at least, second hand. If you aren't the primary recipient of truth you are likely getting a distorted view (just like playing telephone). Don't confuse your opinion for truth.