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To: pater tenebrarum who wrote (56224)	7/14/2000 12:32:13 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116814

Agree re: GATA There is almost no chance of the boys losing control as long as the current paradigm of a strong dollar and ultra low lease rates persist. That means gold is effectively capped at $290-295 and the XAU at 60-65. The big gold bull that we all hope for can only occur when the dollar enters a major and sustained bear market and/or the European CBs stop leasing gold at absurdly low rates. Given the huge short positions outstanding, I am absolutely confident that gold will go to the moon SOME DAY. But that day could still be years away. Just no way to predict when it will arrive. And until then the upside in gold and gold shares will remain extremely limited.

To: pater tenebrarum who wrote (56224)	7/14/2000 12:32:57 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116814

Agree re: GATA There is almost no chance of the boys losing control as long as the current paradigm of a strong dollar and ultra low lease rates persists. That means gold is effectively capped at $290-295 and the XAU at 60-65. The big gold bull that we all hope for can only occur when the dollar enters a major and sustained bear market and/or the European CBs stop leasing gold at absurdly low rates. Given the huge short positions outstanding, I am absolutely confident that gold will go to the moon SOME DAY. But that day could still be years away. Just no way to predict when it will arrive. And until then the upside in gold and gold shares will remain extremely limited.

To: pater tenebrarum who wrote (56224)	7/14/2000 9:43:42 PM
From: d:oug	Read Replies (1) \| Respond to of 116814

hb, Yes, it might be time to replace currently created information that is onging and changing from present to newly created past, and forecast the later near future as in days and weeks with old past information of the type "history repeats itself". for example, <<GATA, even if it is 100% right, it faces almost insurmountable odds - its opponents are clearly too powerful.>> leads to a 95% probability that this time next year, July 2001, GATA's web site of gata.org will have the contents of an organization to promote the, as follows, Gaudy And Tasteless Art. The Le Metropole Cafe was also take a hit, as readers of the commentaries have already obtained that any moment the sky will fall, the dam will bust and house of cards are quickly loosing their foundations. Aliken this to one who visits New York City once every year, but here its every day at the Cafe, and each day its the same message received at that N.Y. City streetcorner of "...will end" and each day/week/month, into years, the same streetcorner remains the same, no end and same message of soon aChange. there is a lemetrocafe.com might be a lemetropolis.com could be a lemetropoliscafe.com wanna be a lemetropole.com will be a lemetropolecafe.com url For Sale <<..lease rates below 1% look rather fishy...>> But its legal, no? As for the Bank of England selling the physical gold of it's country, I remembered many opinions that she did so from the bullying of the USA, but another reason was given I could not remember until the following, and it reminds me that like some who question if the usa fort knox really has the american citizens gold still there, the similar place for the nation England might not of had it anymore physically there but lent out and knowingly unable to get back the physical. So what better way to wiggle out of a scam-a-rama disclosure then to sell for cash the physical so that everyone expects it to be gone. Could explain why England wants the lowest possible price per ounce, as this paper fiat money received is only smoke and mirrors, the less the better, as for sure if they were able to sell it for $500/oz, then they would need to fudge the bookkeeping too much, but at the lower prices, then England and the other manipulators that caused the bad situation can wheel and deal with other stupid=corrupt parties wanting to keep the price of gold low. doug To: heinz blasnik From: Rarebird Friday, July 14, 2000 I think it's possible that the BOE had leased out much of its gold reserves at the time and was in danger of not getting their gold back. That is why they publicly announced on May 7, 1999, that they were selling their gold via auctions. I don't think the BOE was dumb or stupid. I think the BOE had much more to lose if the POG continued to rally at the time.....