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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (17482)	2/4/2000 1:14:00 PM
From: long-gone	Read Replies (1) \| Respond to of 63513

I've seen "his site" before, & some(much?) smell a bit(being nice here). BUT I've heard that same stuff other places also!

To: Jorj X Mckie who wrote (17482)	2/4/2000 1:51:00 PM
From: long-gone	Read Replies (1) \| Respond to of 63513

fwiw Noon EST Friday, February 4, 2000 Dear Friend of GATA and Gold: Here's a bulletin from GATA Chairman Bill "Midas" Murphy to his subscribers at www.LeMetropoleCafe.com. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * 11:30a EST Friday, February 4, 2000 By Bill "Midas" Murphy www.LeMetropoleCafe.com The pulse of the gold market has really picked up. April Comex gold last traded at $298.80, up sharply on the day so far. As I mentioned in last night's "Midas," there were massive stops $2 to $3 above yesterday's gold close. Two well-known funds alone were short at least 7,000 contracts. No more. They were taken out this morning. Sources close to the Cafe now tell us there are additional massive stops building right above $300 basis the April contract. We also understand that Goldman Sachs is waiting for these stops to be touched off and plans to sell into the buy stops. Speaking of Goldman Sachs.... Rumors continue to circulate that they, Deutsche Bank, and Merrill Lynch are the ones with the trading problems due to the steepening yield curve. Goldman Sachs' share price was down almost 6 points yesterday in an up stock market, and is down another 1 3/8 today. The economic news this morning showed that the U.S economy is still booming with wage pressures creeping into the picture. The bond market has turned negative again. Frank Veneroso noted this morning that all the Treasury has to do to fix the inverted yield curve problem and the bond dealer bad trade problem is to announce that it will buy back shorter-dated notes as well as the 30-year Treasury bond. But Icarus notes that this would require Treasury Secretary Lawrence Summers to eat crow. For the spin this morning by the establishment was that President Clinton had told the dealers that this was coming when he announced that U.S. debt was to be reducted. Which will have precedence here -- the ying or the yang? Is it not interesting that the gold market surges when the bullion dealers who have been manipulating the gold market run into market problems? COINCIDENCE? How obvious can this manipulation get? The question now is: Will they lose control of the market again as they did last September? It is inevitable that they will. Now or later and the price of gold will shoot up toward its natural suuply/demand equilibrium price of $600 per ounce. The oil market has reversed to the upside just now and is trading in contract high close ground. Stay tuned! -END-