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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (34283)	9/28/1998 5:21:00 PM
From: Char	Respond to of 35569

Bill I appreciate the content on your post. I just think it is inappropriate to post it on so many stock threads. There are threads on SI such as the Kitco thread, Price of Gold thread and several others that anyone interested in gold stocks monitor. I feel that would be a better place for your message. Don't be too offended. Dave

To: Bill Murphy who wrote (34283)	9/28/1998 8:51:00 PM
From: d:oug	Read Replies (2) \| Respond to of 35569

Bill, good spam, but before my digestion of it I trimed the fat and reduced it from 10k bites to less than 2k bites. Still taste good. The boxer George Forman is also a spokesperson for Midas Muffers. I remember Zeev Hed is knowlegable on this stuff, so when he does his daily search on his name being used, please comment. Thanks. Follows is 98% fat free version. If the Fed and banks had to do the unprecedented and arrange a solution for the huge derivative problem of that Long Term Capital fiasco, what else could the Fed be up to? .... about the incredibly large short gold positions by the hedge funds and what that liability could mean exposure wise. If the hedge funds are short all this gold, the Fed can not allow in the very short term for the price of gold to take off too quickly. Since the price of gold has not done much compared to the movement of other derivative positions, the gold short would be one of the trades Long Term Capital, and other troubled hedge funds, still have. One thing the orchestrators, Fed and other banking institutions of the bailout might do is borrow some gold from bullion banks and stop an out of control gold rally. An exploding gold market would undo their fixit plans for Long Term. They need time to figure a way out of this entire derivative problem. The gold borrowings, could be worse than the others. Where are all the hedge funds, that are short gold, going to find such massive quantities in a very short period of time. The other big story is this about face by the Fed. The entire psychology about gold is changing because of what they have done. From Morgan Stanley," The Fed's about face on monetary policy over the past two months may well reflect a new philosophy that breaks sharply from the anti-inflation policy paradigm that has been in place over the past 19 years". Much of the public and many money managers are fearful that many of smaller gold companies will go bankrupt. But, it presents us with extraordinary investment opportunities. The returns you can make are staggering. We will start to tell you what we have done, and are doing, next week. Bill Murphy ( Midas )