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this is an ongoing story;
>From: LePatron@xxxxxxxxxxxxxxxxxxx
>To: trdoptions@xxxxxxxxxxx
>Subject: Smorgasbord Commentary - XAU Soars-$21.27 Oil-Gold Lease Rates
>Rocket
>Date: Mon, 9 Aug 1999 17:03:12 -0400
>
>Le Metropole members,
>
>Will Arch Crawford be right about a big stock market
>tanking on August 11?
>
>Today, the bond yields went up once again and reached
>6.24% in the U.S. The CRB Index is still climbing and
>finished the day at 197.85 up 1.07. The price of oil
>rose sharply, closing at 21.27. Base metals led by
>nickel (6400 and new high for the move) also were up.
>
>The financial scenario laid out to you by the
>commentators in www.lemetropolecafe.com is coming
>to pass. The commentary on the financial markets by
>David Tice and Charles Peabody is right on the money.
>We hope you will pass this on to others who might
>want to have a leg up on other investors regarding
>the breaking of the "stock market and credit market
>bubbles"; the predictions of David Tice, the bond market
>and banking stock calls of Charles Peabody,"the inside scoop"
>on the gold market by yours truly, and all the
>other informative Café commentary that is served
>to you by our savvy other contributors.
>
>The bull market move coming in gold
>will most likely be the most grandiose of all time.
>Think of it as a pressure cooker blowing its top. The
>XAU broke thru all technical barriers today closing
>at 68.49 up 3.64. If you are interested in the gold
>market, I hope you will read the Midas du Metropole
>that I put out yesterday, entitled," The Gold Market -
>Why Be Aggressively Long? - "the risk/reward ratio is
>as good as it gets."
>
>Today, gold closed up 70 cents, as it was knocked
>down at the close by cousin "Hannibal", Chase Bank.
>But the real excitement is going on behind the scenes.
>The lease rates continue to SOAR. Midas told you weeks
>ago that this was in the works, and here it is! Today,
>the one month rate was 3.20 (up 43 basis points), the
>six month rate was 4.33 (up a whopping 92 basis points)
>and the one year rate was 4.09 (up a sizzling 93
>basis points). That tells us that there is significant
>tightness in the physical gold market that borders on the
>extradordinary.
>
>
>The gold spreads between the contract months on Comex
>also narrowed once again with the nearby months gaining
>40 basis points over the spring months of next year.
>A week ago Midas told you that the gold market could
>go into backwardization and NOW the floor on the
>Comex is talking that way; THEY are actually talking
>about a gold squeeze coming up.
>
>"Hannibal Lechter" and Co. are still huffing and puffing
>as they try and forestall the inevitable. But, they
>will lose. Once outside market forces go against
>them in a significant way, their "gold market
>manipulating cartel" will break apart. Tis going to
>happen. Then the gold price will roar!
>
>Some wonderful Cafe commentary has been served to
>you at the Dos Passos Table.
>
>1. Executive Intelligence Review - a roundtable discussion about
>the Bank of England Sale and Tiger, the hedge fund.
>(Late in the day it was brought to my attention that
>former British Prime Minister, Margaret Thatcher is on
>the Board of Tiger. That needs to be confirmed. If so,
>she could have no idea of what is going on here. She is
>revered all over the world and rightly so. A person of
>her moral caliber would never stand for what is going
>on in the gold market.)
>
>2. Café member Steve H - "Investors take note, a new
>place to invest"
>
>3. Mark J. Lundeen - 'Some Thoughts From An Old
>Retired Sailor"
>
>4. Café member Gdomka - sends us an interesting
>www.usagold.com post
>
><A HREF=http://www.lemetropolecafe.com/scripts/products.cfm";>Le Metropole
>Café</A>
>
>All the best,
>
>Bill Murphy
>Le Patron
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