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To: habitrail who wrote (4272)	8/9/2002 3:04:59 PM
From: Jim Willie CB	Respond to of 89467

pulse: US$108.25, gold #314.2, HUI +6.1%, XAU +7.3% >>>>> I dont believe this minor upleg in gold will gain strength in August we might see over #320 again no big deal but by month's end it should be establishing a nice bullish biased double bottom on both the gold metal and gold indexes that is my guess, which is worth a little more than the paper on which dollars are printed I am beginning to conclude that the major reason for the divergence between HUI and XAU was the removal of both Barrick and PlacerDome from the S&P last month that created some downward momentum for two of the biggest members of the XAU Goldman Sux noticed that, and seized the moment I dont think the Gold Cartel now maintains a doubled short gold futures position I think they dumped 100,000 contracts in two days back in late July, most of which was during lunchhour on a single day but I think they covered a bunch of them a week later, when Goldman issued that gold sector BUY reco they are scum, and I hope they die, along with Morgan Morgan will not be allowed to fail but their greatest and final NEARDEATH experience will shake up the world banking system and accelerate the rise in GOLD / jim

To: habitrail who wrote (4272)	8/9/2002 3:16:56 PM
From: Jim Willie CB	Respond to of 89467

JPMorgan fails to disclose its gold risk to shareholders I expect this to be the basis of future lawsuits could this be because DeptTreasury bought JPM's gold hedgebook? I wonder, I doubt it, but it is possible this would further deplete the US Gold Treasure gonna be wild and woolly by the way, the origin of the word "Treasury" pertained to the gold treasure chest my oh my, how times have changed now the Treasury is where debt is issued !!! and "Treasurys" are bonds, bills, notes secured by the USGovt so the word has been transformed from a context of wealth to one of debt UGLY, DANGEROUS, OMINOUS / jim GATA consultant Michael Bolser has discovered that J.P. Morgan Chase has not reported to the U.S. Securities and Exchange Commission or to its shareholders, via the firm's last annual report, the $45 billion in gold derivatives the firm has reported to the U.S. Office of the Comptroller of the Currency. "This," Bolser writes in an essay posted at www.GATA.org, "implies that J.P. Morgan Chase shareholders have far greater risk than disclosed by the company." GATA Chairman Bill Murphy has just brought this discrepancy to the attention of Morgan Chase's president, William Harrison Jr., the SEC, and several other government agencies. GATA urges its U.S. supporters to raise this issue with Morgan Chase, the SEC, and Congress in pursuit of getting a public accounting of Morgan Chase's role in the gold market. Such an explanation well might be that those gold derivatives really don't belong to Morgan Chase at all but to the U.S. government. In any case, those gold derivatives seem to be the main device by which the gold price is suppressed, so you may understand the need to call maximum attention to them. Murphy's letter to Morgan Chase, which has been copied with Bolser's report to those government agencies, is appended here, along with the first paragraph of Bolser's report. You can read the whole of the report here: gata.org Chris Powell, Gold AntiTrust Action Committee