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I am not long gold....wish I was. I am going to take a look at some Newmont
NEM call options and maybe buy some. I usually trade technically only, but
the fundamentals here to be long are like a no brainer. I usually trade
option straddles on stocks which are at a short term point of low
volatility...poised for a breakout.
>From: "Tom Alexander" <gta3@xxxxxxxxxxxxx>
>To: "Larry Muir" <trdoptions@xxxxxxxxxxx>, <realtraders@xxxxxxxxxxxx>
>Subject: Re: GOLD MARKET BULLETIN !!!
>Date: Thu, 12 Aug 1999 22:50:12 -0400
>
>Hi Larry,
>
>So I guess you're pretty long gold, right? What's your personal analysis on
>gold? I do love baguettes!!
>
>Regards,
>
>Tom Alexander
>
>
>----------
> > From: Larry Muir <trdoptions@xxxxxxxxxxx>
> > To: realtraders@xxxxxxxxxxxx
> > Subject: Fwd: GOLD MARKET BULLETIN !!!
> > Date: Thursday, August 12, 1999 10:04 PM
> >
> > good info on the gold market;
> >
> >
> > >From: LePatron@xxxxxxxxxxxxxxxxxxx
> > >To: trdoptions@xxxxxxxxxxx
> > >Subject: GOLD MARKET BULLETIN !!!
> > >Date: Thu, 12 Aug 1999 10:54:49 -0400
> > >
> > >Le Metropole members,
> > >
> > >At the moment gold is trading $2.20 higher on the
> > >Comex.
> > >
> > >Yesterday, Midas du Metropole informed you that much
> > >of the gold buying was due to a producer buy back.
> > >We just received word from Icarus that there is
> > >another producer buy back going on again today.
> > >
> > >And of possible extreme significance, "Hannibal Lecher"
> > >just bought 2,000 Dec 300 gold calls. AND, another
> > >very credible source tells us they have been told that
> > >"Hannibal" - Goldman Sachs - is reported to be willing to
> > >buy UP TO 20,000 Dec 300 gold calls.
> > >
> > >For days and weeks now, we have been reporting to you how
> > >tight the physical gold market is. That is what the soaring
> > >lease rates and narrowing gold market spreads have been
> > >telling us.
> > >
> > >Our camp believes the gold loans have risen to out of
> > >control levels - 10,000 to 14,000 tonnes. The "Hannibal"
> > >camp will tell you 4,000 to 6,000 tonnes. They are Pro
> > >disinformation spreaders. Perhaps, the time has come when
> > >they realize the jig is up and since they are all so
> > >SHORT, they are trying to cover their butts by covering
> > >their exposure (for themselves or clients) any way possible.
> > >
> > >For two weeks, we have explained to you the reasons
> > >why we have felt it is time to be AGGRESSIVELY LONG. Day
> > >after day the evidence and market action suggests that
> > >Midas du Metropole's assessment of the gold market is
> > >"on the money."
> > >
> > >The gold bear market is OVER. The Hannibals will not give up
> > >their manipulation easily. But, they may have no choice.
> > >If outside credit markets continue to deteriorate, central
> > >bankers will call in many of the gold loans - at least many of
> > >the ones in spec hands. That will reduce supply and
> > >force gold prices much higher.
> > >
> > >For the "inside scoop" on gold -Stay tuned to the Cafe!
> > >
> > >All the best,
> > >
> > >Bill Murphy
> > >Le Patron
> > >http://www.LeMetropoleCafe.com
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> >
> >
> > ______________________________________________________
> > Get Your Private, Free Email at http://www.hotmail.com
______________________________________________________
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