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>From: LePatron@xxxxxxxxxxxxxxxxxxx
>To: trdoptions@xxxxxxxxxxx
>Subject: BULLETIN !!! - Silver up 13 cents- Armstrong broker a buyer on
>Comex
>Date: Tue, 21 Sep 1999 11:24:40 -0400
>
>Le Metropole members,
>
>Silver has been up as much as 15 cents today. At the
>moment, it is up 13 cents while gold is up $5 and has
>been up as much as $6.
>
>Whether it is complete coincidence or not I do not know,
>but I had much feedback today about our alerting the
>internet that it was my opinion that Martin Armstrong
>is still megashort gold and silver - and that was the
>reason for PEI's attack on GATA as noted at the
>Matisse Table at the Cafe.
>
>The Comex broker who has done the buying for Martin
>Armstrong over the years was in the silver pit this
>morning and has bought about 2500 contracts so far
>according to my sources. He paid between $5.195 and
>$5.22 basis Dec. for those contracts.
>
>At the moment, he is taking a rest.
>
>The official word is that Armstrong's positions are
>frozen. But, Republic Bank may be responsible for
>these shorts if Armstrong's firm cannot pay.
>They know they cannot wait too long to cover.
>If they are responsible, the CFTC and
>other regulatory authorities would have to let them
>cover the gold and silver shorts before the market
>forces smell blood and bury the position.
>
>The action in the metals market so far today is a break
>of the pattern of the past year for many reasons.
>
>I will go into today's action later in my Midas du
>Metropole. As I explained last nite. The shorts are in big
>trouble.
>
>Earlier today, Goldman Sachs was trying to stop the gold
>market from rallying more than $2, but they were overpowered
>by two big funds - John Henry and Tudor. Perhaps, like sharks,
>they smell it is time to attack the helpless Armstrong and
>other vulnerable hedge fund shorts that have borrowed
>gold.
>
>A lot of time left in the day, but so far so good. The lease
>rates have moved up a tad according to postings.
>
>All the best,
>
>Bill Murphy
>Midas du Metropole
>http://www.lemetropolecafe.com
>
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