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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (3265)	2/1/1999 5:58:00 PM
From: Bill Murphy	Respond to of 81023

Mr. Tom, From tonites Midas du Metropole: lemetropolecafe.com The silver market is explosive. We have tried to make this point over and over so that our strong opinion on the future price of silver would be clearly made. The trading action is classically bullish and there are no gaps to fill right below the close, which is a big plus. The only gap that is out there on the downside, is the breakaway one at $5.04. Four times the past couple of weeks silver plunged below $5.08, but it could not close this gap. This is a very bullish clue that a major player is accumulating silver. One more tailtale sign that we should see some silver fireworks very soon- silver is now closing on its HIGHS, while on the sell offs, it closed well OFF its lows. The lease rates exploded today ( see below ). The Indian premiums remain firm, indicating good demand in that silver devouring country and today the price of spot silver was the same as silver priced for March delivery. We might go into backwardization ( nearby prices greater than forwards ) which would be very, very bullish. The Comex silver stocks dropped again today and now stand at 75,016,717 oz. Our near term target of $5.80 is looking better and better and our longer term target of $9.78 by year end will be looking better and better very soon. We know of few others that are this bullish on silver Fundamentals - The silver lease rates shot up dramatically today. Overnite, the one month rate jumped rate jumped from 1.20 to 2.59 and the 6 month rate shot up to 4.08 from 3.10. This is very good news for us silver bulls. The "silver streak" has left the station and is now picking up speed. Very simply, this means that the silver supply situation is tightening and that news is significant for the bulls and scary for the bears. We have been pounding the table for weeks now about silver. There is talk around the silver pits that the"Buffet silver followers" have been buying. We do not know about that, but we have alerted Midas followers ever since silver was bombed down to $4.58 that we smelled something was up. On that day, Midas said he would not be surprised that the bombing of the market was orchestrated by Jimmy DePiazza, who is Buffet's silver broker. A pro like that would do so to clean out all the stale longs by setting off the stops. It also would attract computer system shorting. Then he could open up the bread basket to buy all he wanted for Buffet and his friends. All totally legal- and smart. Then when silver was trading around $4.92, we alerted you to the fact that it appeared to us that a big player had entered the silver game and was clearly accumulating it. We have also noted how strong the silver premiums are around the world. The dramatic jump in the lease rates has put the silver shorts on notice that they may be in big trouble. Are you listening Mr. Martin Armstrong?