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

To: Hawkmoon who wrote (3844)	3/3/1999 8:53:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 81023

Ron, This is what I think and what I put out today. Que sera sera ? Le Metropole members, A major gold rally is about to unfold. Our intelligence network has informed us that the Asian official sector has ,indeed, been stepping up to the plate again and has been a buyer of physical gold. That is the reason the gold market has not collapsed under the weight of all the spec gold borrowings and short selling that has hit the market. The Asians love to buy on weakness and have been doing so with great stealth. The reason that the price of gold is going to ROAR UP any day now is that some producers have become very concerned about all this talk about collusion with the bullion banks and are in the process of covering hedges, to take on this gold borrowing and spec crowd. These specs and gold borrowers are now massively short. On Comex alone the large specs are net short 70,000 contracts. The OTC spec short position is many times that. These mining companies are becoming increasingly nervous about too close an association with the forces that are holding down the price of gold. The timing of this bull attack is imminent. A clue to all of this is the plunge in the silver price. Why is silver tanking when the 1m silver lease rate is still at 7.5%. The gold lease rate is less than 1% for comparison's sake. We are assuming the "buyers" that we are talking about have some heavy gold tonnage to buy. The gold market is asleep. A way to create cover to buy gold in size without any "bells and "whistles" going off, is to crap out silver. That only brings on more demoralization in the precious metals arena and distracts market participants from noticing the gold accumulation of the buyer. If we are correct, the price of silver will go right back up again after the buyers have finished their gold buying ( or short covering ) as they buy back their silver short positions. Goldman Sachs ( coincidentally ) has been a big gold buyer this past week. I wonder why? They just went on a road show to South Africa proclaiming their bearish market outlook. Of course, they could be buying for a client. What is important is that they are buying in size. We suggest they know a change of short term strategy is now being orchestrated. They are booking profits on their short positions for their own account and, or, for client accounts, before the avalanche of other specs cover when the gold price breaches the $290 to $292 area to the upside. The price of gold could easily shoot up to $315 as a result of a powerful short covering rally. We have been told by very well informed sources from around the world that GATA is actually having some effect in that we have raised the awareness level about "collusive activities" in the gold market. This has caused many uncomfortable questions to be asked. The heat is on. The gold price has turned up in foreign currency terms. Often, that is a precursor of an upturn in the gold price in dollars. Last September, Midas du Metropole called on David Niven, James Darren, Gregory Peck and Anthony Quinn to take out The Guns of Navarone resistance at $290. They were our hereos then as the bears were routed. We call them back again and also have thrown in Indiana Jones and Shaka, the great Zulu warrior, to help them. So Be It !!!! All the best, Midas