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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (29130)	2/28/1999 9:09:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 116756

www.gata.org Le Metropole members, www.gata.org is up and running. The GATA Committee invites you to visit the Gold Anti-Trust Action site. This is a site for all those that consider there may have been collusion by some of the Wall Street Giants- certain financial firms that are borrowing gold at less than 1% interest rates and using those funds to finance other investment activities. In doing so, we believe that they may have conspired in a manner that violated U.S. anti-trust laws. The GATA Committee believes that various bullion banks and certain New York investment houses are short thousands of tonnes of gold. As there is a natural, yearly 1600 tonne supply/demand deficit at the moment, they must continually borrow more gold and feed that supply into the gold market place to keep the price down. If they do not, the price will rise to ration the diminished supply. It is our opinion that without this borrowed gold supply, the price of gold would rally to an equilibrium price of between $400 and $500 per oz. It is the intention of GATA to expose the huge short positions of these arrogant price colluders. We will expose their bullying, block busting type of tactics that have terrorized gold producers and the gold shareholder community. When it becomes known how short they really are and that number of tonnes is greater than a year's gold mine production, other big money will go after them by buying up the available gold. The shorts will then be in big trouble as that word spreads to the central banks that have to be concerned about gold loans to financial institutions. The gold lease rates will start to firm, then firm dramatically. The loans will become very, very expensive to roll over. When that happens, the gold game that is being played by "The Masters of the Universe" will end We ask you to stand up and be counted. Are you fed up with your gold shares going nowhere but down? Would you like them to soar in price? Stop fretting and do something about it. Alain Despert,our Absolut Vodka artist, has brilliantly captured the GATA spirit in his painting at gata.org. Be part of the GATA legion that he portrays to you in his GATA painting. Your contribution WILL make a difference. Here is a letter I received from a $20 contributor: Dear Bill Murphy and GATA staff, "Thank you dearly for your efforts. In the spring of 1997 I contracted a major illness and have not been able to work for two years. In July of 97 I learned about Y2K and moved my small pension in hard currency into gold and silver. My wife and I have hung on to that pension $ with white knuckles as we've moved down the economic ladder. We are now living in my Mother-in-Law's back yard, in a travel trailer. A positive change in the price of gold will keep us out of bankruptcy and save the majority of our pension. I regret not being able to send more $. Sincerely, Tim Johnson Can you at least do what Tim Johnson has done? GATA will be relentless in our pursuit to expose this outrageous situation that has devastated the gold market participants. We will demand a "level playing field". Nothing will stop us, or our effort. There are millions of gold stock shareholders. While we hope to attract some significant contributions, smaller contributions by thousands of Tim Johnsons will really add up and create a substantial war chest that will be necessary to confront our adversaries that will commence by GATA, and our law firm, launching a serious investigation. The internet can make all this possible. The GATA Committee would appreciate it if you could this email GATA request to other gold stock shareholders and to the gold companies in which you have made investments. We thank you. Bill Murphy Chairman GATA ------------------------------------------------------------------------------------------------------------ The silver close on Friday was spectacular as it rallied 13 cents in the final 10 minutes. That is a very rare Friday afternoon event and suggests Mr. Strong Hand has set up the shorts perfectly. The lease rates rose back to 14% and the market went up so fast, so late, the shorts had no time to cover and get out. Midas du Metropole thinks we will see $6 silver very soon. Indiana Jones and The Mine of Boom update: Indiana Jones has a big smile on his face. When he was in the bowels of ECU Gold Mining's Valardena underground silver mine on Tuesday, the ECU share price was $.29 Cdn. It closed at 40 cents Cdn. on Friday while most precious metals shares were sinking all week. Indiana Jones sees ECU at $1 Cdn by early summer and if Midas du Metropole is right about $9.78 silver by year end, Indiana thinks this one could go to as high as $3 Cdn. by the end of 1999. All the best, Bill Murphy