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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (49388)	4/3/2002 9:53:15 AM
From: Jim Willie CB	Read Replies (4) \| Respond to of 65232

got phone call from gold professional guy last night he was from Swiss America, a coin dealer of highgrade collectors I had responded to their Gold-Eagle.com website they offer to send a pamphlet on gold coins and gold industry very interesting, but clearly he is in the daily fight with the powers that be he said Bill Murphy of GATA (Gold Anti-Trust Action) committee talked with him last week the Reg Howe case in Boston against the Federal Reserve secret sale of gold on large scale was thrown out, not out of lack of merit, but because Howe had no professional stake in the case, only an investor stake he expects the bill before Congress by Rep Paul (R-Tex) will slowly gather steam, and probably force the hand of the Federal Reserve to reveal how THEY HAVE SQUANDERED A LARGE PORTION OF OUR NATIONAL GOLD RESERVE guy said gold miner firms will not challenge the Federal Govt, because they hope to continue with their recent lowprice gold purchases, as they unwind some future gold hedges, and if they challenge the Govt, they will be excluded from cozy nice opps to purchase big amts of gold (recently seen with BankofEngland gold auction) he said Murphy has uncovered evidence that the Comex 68,000 short contracts of silver are the TIP OF THE ICEBERG, and the real short interest in silver is more like 200,000 contracts, with a great many JPMorgan and Citibank contracts emanating from offshore accounts, not to be reported on Comex for fear of inviting shark attacks against shorts (68k shorts equates to 340 million oz silver 200k shorts equates to 1000 million oz silver Comex total silver supply is 95-105 moz annual deficit is roughly 150 moz annual production is roughly 750-800 moz) he expects the gold price of 305-310 to be FOUGHT TOOTH AND NAIL that is the line in the sand to be fought and for silver 475-480 to be FOUGHT TOOTH AND NAIL he expects to see a big attempt to keep it down here gold closed at 307 last night, but it back down to 302 now he expects the GOLD CARTEL to be slaughtered, not in court, but in the world gold market, with simple price action moving higher and higher, with higher highs, and higher lows on swings he expects when gold holds over 310 for a few days, that bigtime short covering will come in, but in stages he expects gold to fire past 400 this summer HE EXPECTS THE GOLD & SILVER SUPPRESSION TO BLOW UP BY JUNE he said the big buyers are now Japan, China, India, Turkey, and Saudi Arabia he said the size of the world central bank gold reserves is perhaps something like half what it was in 1990, with totals somewhere around 25,000 tons England now is way down to 315 tons, irresponsibly he expects a total scandal of unauthorized, illegal central bank sales of gold I withhold on his name he wanted to sell highgrade gold coins, like 1930's StGaudens I told him I was accumulating Apex (SIL) he thought it will skyrocket he is using major gold mining firm stocks, with option calls / JW SBG