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Dear Larry:
Please, continue to do what you do "usually" and trade technically only.
Despite all the excitement in gold and gold stock technically (IMHO) we are
not in bull market.
I do not know if this current advance is a start of new bull market or not
and my technical would not let me know for some time. So I do trade
accordingly. Hope, you will do too.
Yours, Alex.
At 06:14 PM 8/15/99 -0700, Larry Muir wrote:
>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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