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Gold/Mining/Energy : Mountain Lake Resources Ltd ( MOA) VSE -- Ignore unavailable to you. Want to Upgrade?

To: peter dumbrille who wrote (474)	2/27/2001 12:47:10 PM
From: jocko	Read Replies (1) \| Respond to of 598

Hi Peter and thanks. Here is a heads up :-) 9:45p ET Monday, February 26, 2001 Dear Friend of GATA and Gold: On such a big day for gold it's hard not to dispatch something to the long-suffering, so I've purloined a few excerpts from GATA Chairman Bill Murphy's "Midas" commentary tonight at www.LeMetropoleCafe.com. They're below. If you'd like to see the whole commentary, visit the Cafe and consider a free trial membership. And here's a plug, provided happily, for a great friend of GATA, Robert Chapman, editor of the International Forecaster newsletter, since he proposes to help raise money for GATA's next excursion to South Africa, the GATA Africa Gold Conference, at which we hope to gather mining ministry and industry officials from all the African gold-producing countries. For three years in the early 1970s Chapman, whose writings have been distributed by GATA and www.LeMetropoleCafe.com, lived in South Africa and Rhodesia, now Zimbabwe, so he has more than an ordinary interest in ensuring that Africa gets a fair chance. For every new one-year subscription to Chapman's International Forecaster newsletter at $79.95 U.S. funds, $30 will be sent to GATA. The International Forecaster, some 25-plus pages every week, is published via email -- except, Chapman says, when he visits his grandchildren. By surface mail the International Forecaster is published twice a month. The International Forecaster is an international financial, economic, political, and social commentary. Over the past year the International Forecaster has: 1) Recommended that securities be sold in early April 2000, due to a coming correction. A host of shorts were recommended. 2) Told subscribers last February to go long oil, gasoline, heating oil and natural gas, as well as oil and gas stocks. The commodity recommendations were sold just prior to topping out. 3) Recommended a short on the Nikkei Dow at 21,000, a cover at 14,500, a short at 15,000, and a continuing short. For a free sample copy of Chapman's International Forecaster, send an email to BIF@gate.net. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * Excerpts from "Midas" commentary By Bill Murphy www.LeMetropoleCafe.com Monday, February 26, 2001 The one-month lease rate spiked up again today and was all over the place. It settled at 3.02 percent. That means that the one-month rate has advanced 200 percent in two trading sessions. Pretty extraordinary action for a market that was supposed to be in the toilet for the next few years. Gold toiled a little more than $1 higher for most of the Comex day when a slew of buying hit the ring. The price jumped dramatically and kept on going. Hannibal Lecter (Goldman Sachs) showed up late but was overpowered.Two of the big buyers today were mega-hedge fund short Moore Capital and Republic Bank. Moore Capital was tied to the Citibank/Rubin/Fed Euro capping escapade exposed by the Frankfurter Allegemeine Zeitung a few months back. Republic Bank is still dealing with the aftermath of the murder of its founder, Edmund Safra, in Monaco.... The word of the moment is "stress." There is stress in the gold world -- stress from a shortage of physical gold and stress on the Gold Cartel from GATA. Word was passed on to me from London this morning that gold demand for all kinds of bars is smashing -- even in Turkey, in which the local price of gold has soared due to the devaluation of the currency. The physical gold market is on fire and is very tight. Short-term lease rates do not take off like this for the heck of it. Cafe members should be aware of what could happen to your gold or the gold of friends who believe it is safe and sound.... >From I.M. Vronsky of www.Gold-Eagle.com: "Goldbugs are massing on the border of a weakened dollar. Testament to an imminent rise in the price of gold is Gold- Eagle's record-breaking week.During the week of Feb. 17-24, Gold-Eagle experienced a record number of accesses to its web pages. It soared to a rate of 1.5 million monthly hits.This reflects both the anticipation of a total collapse of fiat investments (stocks and U.S. dollar-denominated bonds) and heralds a substantial rise in the price of gold. The stoic patience of all will be amply and richly rewarded. Within a week of gold's finally breaking loose from its artificial shackles, the free forces of supply/demand will be reflected in Gold-Eagle's access rate to immediately soar to more than 2 million per month.".... Gold shares have really been popping lately. The XAU Gold and Copper Index has risen to 53.33. Today's move up of 3.3 is the biggest in some time. The senior golds usually move first in the serious gold moves, then the juniors and the exploration stocks. The coming moves in the juniors and good exploration companies are the casino plays of a lifetime. Ten-baggers will be common. Some of the quality ones will rise 5,000 percent and more when all is said and done. The difference between the coming gold boom and gold share rocket ride and that of the hyped Wall Street dot.com bust is that the gold move will be for real and last a long time. -END- Your use of Yahoo! Groups is subject to docs.yahoo.com