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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (6420)	10/15/1998 10:23:00 PM
From: DebtBomb	Respond to of 119973

TM, I hope gold stays up, like a viagra episode. I got in the mail today an advertisement for a second mortgage, it said from First Plus, LOL. Geez, when is it going to stop, got credit cards advertisements too. Got a refinancing advertisement too, 6-7% depending on points. And everyday these guys call me from Texas, they're trying to sell oil and gas investments, LOL. Yesterday I lost my cool after they called, I told one of them if he didn't take me off their phone list, I was going to kill him.

To: TokyoMex who wrote (6420)	10/15/1998 11:05:00 PM
From: DebtBomb	Read Replies (1) \| Respond to of 119973

From the TVX thread, by the way I think TVX going down today was over-kill. Top:Business and Finance:Stocks:Basic Materials:Gold and Silver:TVX (TVX Gold Inc) <- Previous Message 7768 of 7768 Reply >>> TO ALL ... A must read..... <<< prof123 Oct 15 1998 10:56PM EDT Commentary from Bill Murphy at "le metropole cafe" BULLETIN The bulletin that we have to share with you is not to tell you about the Federal Reserve cutting the its fed fund and discount rates by a quarter point. We are sure you know about that by now. It does demonstrate however, how precarious the financial situation is in the world. Alan Greenspan does not normally react like this. As we have alluded to in the past, the hedge fund problem positions are enormous and he knows that further blows ups could jeopardize the entire world financial system. The Chairman of Merrill Lynch said he thought it would take two years for Long Term Capital Management to successfully solve its problems. Two years!. Not two weeks or two months. And that is just one hedge fund. Mr. Greenspan has cut our interest rates because these are desperate times and he is taking desperate measures. Of course, all this is very bullish for gold. The interest rate cuts further reduces the contango ( reducing forward selling incentives by producers ) and makes gold a more attractive investment vehicle versus interest yielding investments. But the real story here is the fear about what could happen to financial markets around the world and that fear is going around at the highest levels. When word of this gets out, and that type of real fear reaches the likes of you and me ( the public ) the desire to own gold will skyrocket from all sectors. Here is what we found out regarding the gold part of the fear. In essence, all that we have been telling you since lemetropolecafe.com opened is on the money. When Long Term Capital blew up, an immediate review of investments and lending practices of all financial institutions was undertaken by our government and senior management officials of all kinds. They found out that many of these institutions have borrowed massive amounts of gold as a cheap borrowing source of capital and they are exposed financially because they have lent out massive amounts of gold. This is in addition to the thousands of tonnes that they have lent gold producers to sell forward and also lent our to jewelry fabricators, etc. Our government knows now that there is no way this amount of gold can be bought back in a short period of time without the price of gold going ballistic. It could easily go to $375 to $400 overnite in this type of situation ( if a buying panic starts and the gold loans are called in ) . Our government is trying to buy some time here to solve other aspects of the financial crises before they deal with gold. We received confirmation again that they are using arm twisting and cajoling of the strongest kind to keep the price down. We were told that the bears gave it all they had last week and tried to really break the market. It did not work. And this is what our bulletin is about. It did not work and will not work because the Japanese and Chinese are buying gold and have been buying for 3 months now. Our government is so scared about what could happen, they have asked the Chinese and Japanese not to push the price of gold up. We do not know what was agree to, but we heard they said absolutely nothing when queried whether they would continue to buy gold. TVX: Quote \| Profile \| Research \| Insider This Is a Reply to: Msg 1 by YahooFinance <- Previous Message 7768 of 7768 Reply