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

To: d:oug who wrote (47352)	1/21/2000 11:08:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116762

(GATA News) ...the story about the blind squirrel and the gata nut! ------------------------------------------------------------------- Q. Little Bear is in the 'doghouse'. - Which table do you think he'd be under ? A. Gold, of course. But he is hopeful. ------------------------------------------------------------------- "Besides, you know the story about the blind squirrel and the acorn." (off topic) Nope, so can anyone here fill me in, please. Thanks. Doug ------------------------------------------------------------------- Subj: Midas - Greenspan, Senate Banking Committee..... Date: 1/21/00 9:00:02 PM EST From: LePatron@LeMetropoleCafe.com Le Metropole members, Midas du Metropole has served commentary at The James Joyce Table. The James Joyce Table Discussion du Jour: Gold, Commodities, Midas du Metropole Midas du Metropole "The Gold Market and Precious Metals Commentary" January 21, 2000 Brick wall hit again. The "gang" does not want spot gold much above $290. ...they put up a "Do Not Pass Go" sign and gold retreats. Ironically, the floor remains more bullish than usual. The gold spreads continue to widen (back months gaining on nearby months) and our floor sources think that is a bullish signal..... The fact that gold is still below $300 with commodities surging and bond yields sharply higher is mind boggling. At least, it would be if we did not understand that the U.S. officialdom is sitting on the gold price. For that reason, I sent the following to my staff contacts at the Senate Banking Committee today as they are preparing for Alan Greenspan's confirmation hearings next Thursday: Fed Chairman Alan Greenspan made the following comment on July 24, 1998 before a House Banking Committee and on July 30, 1998 before a Senate Agricultural Committee: "central banks stand ready to lease gold in increasing quantities should the price rise". Questions for his confirmation hearing: Does that statement reflect the policy of the Federal Reserve Bank or US Treasury? Is that an inference that the gold price will not be allowed to rise? End. On a similar note, Senator Gramm's Dallas office just phoned as I called yesterday to try and get an appointment to see the Senator, who is Chairman of the Senate Banking Committee. They told me that the Washington office had forwarded the RollCall questions letter that I sent to them that Senator Lieberman mailed to Alan Greenspan and Lawrence Summers. The staff member who called said that Senator Gramm's schedule did not have any immediate appointment availability due to his schedule, but that Senator Gramm wanted to know if I wanted him to request the same answers to the question that Senator Lieberman asked for. Naturally, I said yes. She also said she would bring the questions I would like presented to Chairman Greenspan at his confirmation hearing to Senator Gramm's attention. Hard to say what will come out of all of this, but you can be sure that Greenspan and Summers know that GATA is out there and that we will come at them from many different directions via many different contacts and that we will be relentless until we get to the bottom of the manipulation of the gold market. Their worst nightmare as you might say. ... other interesting wire service stories sent to me by two Cafe members: "What is this all about????????????? Zurich--Jan 20--Swiss National Bank Vice President Jean-Pierre Roth said Thursday the National Bank only had a small window of opportunity for planned sale of 1,300 tonnes of gold reserves, and couldn't afford to wait too long. Roth wouldn't say when the planned sales would begin, but said the legal framework allowing sales would be in place by end-March. Bill....a small window of opportunity to sell their nation's wealth at bargain basement prices...What an absurdity!!! I am mad as hell and I won't take it any more!!! BUT, I just get poorer and poorer everyday and have HOPE THAT GATA SUCCEEDS!!! End. Why do the Swiss continue to put out this sort of press. Do they have a problem with having lent to much gold? I am told that this Roth fellow was corrupted into an anti-gold man by Paul Volker. Colluding banks fined..... Another banking manipulation scam. The mainstream US press reports on these banking scams all the time. The Caf‚ has been bringing them to you over the past 17 months. Yet, the US mainstream press scoffs at the idea that the gold market is being manipulated by bankers. None are so blind as those who will not see..... The odds are growing increasingly in our favor. Besides, you know the story about the blind squirrel and the acorn. ... is clear to even those that know nothing about the gold market that something is not right about the gold price action. Actually, it is a step beyond that now, they smell something is very wrong. That sort of general feeling is making it easier for the likes of GATA to do our thing and expose the colluding culprits. $600 gold and $12 silver is ahead of us and far sooner than all those big shot mainstream analysts can conceive..... Keep the Faith. Midas Bill Murphy ( Midas ) Chairman, Gold Anti Trust Action (GATA) gata.org Le Patron, Le Metropole Cafe lemetropolecafe.com