Goldcorp CEO is scheduled for CNBC on Monday
at lunch time. Rally the troops this weekend, get
them to e-mail CNBC with questions, and phone-in if
possible. I have been on the phone this morning
with AEM - discussed their successful secondary
equity offering and the company's ANTI-HEDGE policy.
Good luck - Dale
Ironically, I had a very pleasant conversation with
Goldcorp CEO Bob McEwen on Friday. You might like
to know that he and Goldcorp are:
*Very supportive of GATA and what we all have been
doing
*Very appreciative of the consistent, "staying at
it" efforts that we have all made over these
past years
*Believers that gold should primarily be marketed
for what it is, "money," rather than focusing on
its jewelry aspects
Bob will be ringing the bell to close the trading
on Monday at the NYSE.
Bob Chapman put out this blurb in his commentary
at The Toulouse-Lautrec Table on this superb gold
company.
You are all invited *Goldcorp Inc.:
R.S.V.P.
Tel: (416) 865-0326 ext. 2324
Email: rsvp@goldcorp.com
Robert R. McEwen - Chairman and Chief Executive
Officer requests the pleasure of your company for
a celebration of the sixth anniversary of our listing
on The New York Stock Exchange and the successful
start-up of our new Red Lake Mine and its glittering
future. Monday, June 18, 2001 - Presentation: 4:30 p.m. - Reception: 5:30 p.m. - Boardroom of The New York
Stock Exchange (entrance at 18 Broad Street)
New York, N.Y
Red Lake production surges past feasibility
target - June 13, 2001
Canada's *Goldcorp Inc. has achieved the full-year
production target at its new Red Lake mine in less
than six months, producing 240,000 ounces of gold
at a cash cost of US$57 an ounce up to June 8....
-END-
Just out in Harry Schultz Life Strategies:
GOLD These facts stick out: 1. There is powerful
buying of gold shares. For the first time in ages,
gold stocks recently appeared on the NYSE list of
"biggest gainers" of the day! On May 18, Glamis,
Homestake & Ashanti appeared with gains of 10-12%.
On May 24, Glamis and Meridian appeared. On June 1,
Glamis again. On June 8 AgnicoEagle, Anglogold,
Homestake, Glamis & Newmont. On June 8, gold shares
made up 1/3rd of the total big gainer list! This
bespeaks depth of buying. And when bullion was
pushed down in late May by the illegal price cartel,
gold shares didn't give up all their gains. Most
were retained. Gold stks are in strong hands. Weak
hands left the scene long ago. People are
accumulating, esp on setbacks. GATA reported: "Gold
shares remain firm, are being bought up by wealthy
individuals. This info from one of the most popular
NY stock clearing firms." 2. The FT Gold Index has
broken up from a big base pattern, forecasting
higher prices.
3. Inflation is now voiced as a major concern around
the world; that's much of the rational for gold's
rise. 4. Gold price action is pro-active & has
strong relative-strength. 5. US$ rose with gold!
That's rare. M. Edelson says "A split of old system
is at hand; gold & $ will move together for some
time. A strong $ won't mean weak gold. When dollar
gains, it's a sign of bigger problems outside the US
that could easily light a fire under gold."
(World Net News) 6. Gold production is falling fast.
7. Gold bullion demand is rising. 8. This is more
presumption than fact: heavily hedged mines (eg,
Barrick) & bullion dealers/banks are sweating blood
as a gold short squeeze of historic proportions is
tightening around their conniving necks.
9. US controlled-media pretend they're unaware of
GATA & gold price manipulation, but the White House
is aware of it. Lawrence B. Lindsey, Assistant to
the President for Economic Policy, has acknowledged
to Bill Murphy of GATA that he's received the data
but "As it's the subject of litigation, it would be inappropriate for me to make any comment on the
matter." U can't be more aware than that! He refers,
of course, to Reg Howe's suit against bullion banks
& parts of the US govt for gold price fixing,
during Clinton admin (& ongoing), in violation of
anti-trust law. GWB can put an end to the price
fixing or let it continue & become defacto-conspirator.
I'm sure GWB is against the fixing, but it'll much
courage to face down the insider/fixers. He was
born into the insider world, but rebelled against
it at college, is a free spirit & maverick at heart.
Like me.
If U have access to the Internet & haven't accessed
GATA (Gold Anti-Trust Action) for their steady flow
of gold war revelations, U should. And send them
a donation! Don't be a cheapo. The enemy has
unlimited funds. GATA has attacked the gold cartel
on half a shoestring budget, done wonders, a David
vs Goliath. www.LeMetropoleCafe.com *** Very old
friend Jim Sinclair agrees & says if GATA/Howe's suit
goes to discovery stage, the media will be all over
it & "The simple revelation of the truth will make
gold free. The truth is that gold has been artificially
held back by govts to break the thermometer of
inflation, gold bullion's price."
Benefit from gold price run ups/down by noting which
stks moved most during any runup, so U know which
to buy on pullback. One such was DurbanDeep. I bought,
will get more & highly leveraged & v.speculative.
Agnico Eagle & Placer Dome are bluechips with good
chart patterns, as is Harmony. I bought these too.
U should already have good profits if U bought when
I recommended in early March.
As the gold bull mkt develops, I'll devote more space
to details of more AU stks, with price guidelines. If
U wait to buy til bullion breaks out to $305, or
the price fixers are brought to trial, U'll hesitate
to buy at all because then gold stock prices will
doubtless be 100% higher & bullion on it way to
$525 & then $600. But don't buy if U require quick
results or if U plan to shoot me if nothing happens.
Gold is political & thus defies prediction precision
I call it the way I see it & feel it. I put my money
where my mouth is. If U follow me, we win or lose
together. But U are on your own with decisions.
Glow with gold.
***********************
Hsl.mentor@skynet.be
Harry Schultz is listed in the Guinness Book of
Records as world's highest paid investment
consultant 1981-2001.
-END-
San Diego Café members: I will be appearing on Jim
Puplava's popular Financial Sense Newshour
(KKSM - 1320 AM) tomorrow - June 18 - at 3:15
Pacific time. There will be an internet re broadcast
at www.financialsense.com after 6 pm Pacific time.
BILL MURPHY
CHAIRMAN
GOLD ANTI-TRUST ACTION COMMITTEE
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