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So these blatant solicitations by this bullshit metrocafe group to join their
newsletter service continue. Why are we being bombarded by this? This kind of
trash belongs on news.investors.misc. Who are they kidding. Gold is just
another commodity. Lot's of us were long the silver market on the triple
inside day break out a few days back and took profits as it hit the gap. Big
deal. It's just another chart. If silver breaks out of its current flag, I'll
buy it again. No need to polute one's opinion with such trash as this. Begin
to treat gold and silver like they have some special magic and you're doomed as
a trader. These pitiful gold misers have been losing money all they way down
crying like liberals being voted out of congress. Now the market finally turns
around and they want to say "I told you so". The spite these people seem to
have for Martin Armstrong is by itself a tip-off that they can't be trusted.
Some funds are always short at bottoms, that's why we have short covering
reversals. The tone of their analysis implies they have some moral high ground
and that the rest of the financial community has been out to get them. This
they call market analysis. I got your tables. What a bunch of fags. I thought
this group was called RealTraders.
Mark Scheier
Larry Muir wrote:
> of interest to some
>
> >From: LePatron@xxxxxxxxxxxxxxxxxxx
> >To: trdoptions@xxxxxxxxxxx
> >Subject: Harry Bingham - On The Economist, Daewoo, European Credit, Edward
> >Chancellor, etc
> >Date: Wed, 22 Sep 1999 16:03:16 -0400
> >
> >Le Metropole members,
> >
> >The erudite Harry Bingham has served commentary at
> >the Kiki Table that covers the waterfront on a
> >variety of related subjects.
> >
> >"The Economist"
> >"Daewoo"
> >"Korea"
> >"The European credit markets"
> >"credit overall"
> >"Edward Chancellor - "Devil Take the Hindmost"
> >
> >Today's gold market action from Midas:
> >
> >Gold roared out of the box today, opening strongly. We
> >learned this morning from a bullion dealer that
> >"Hannibal Lecter" (Goldman Sachs) was in their selling
> >yesterday like they had never seen. 8,000 contracts was
> >the number on Comex alone.
> >
> >Today, they handed the baton off to fellow "Hannibal,"
> >Chase Bank, that took on all comers early up to the
> >$265.30 level, basis the Dec. contract. The locals were
> >all foaming at the mouth to get short and they did.
> >Trapped short! - as they had to cover late when gold
> >refused to break going into the close. December Comex
> >gold finished at $265.40 - up $3.60.
> >
> >The only reason gold did not finish higher was that
> >"Hannibal Lecter" showed up offering 2,000 Dec. contracts
> >at $265.50 on the close. He was taken out. Then he
> >offered another 1,000 contracts. It was late in the
> >day and that worked.
> >
> >The open interest only went down 4700 contracts yesterday.
> >The market was looking for a 10,000 drop in the open
> >interest on Comex (this past year the open interest
> >often dropped 10,000 contracts on a $2 rally). That is
> >BULLISH as new buying came in. That is what we have
> >wanted to see for some time.
> >
> >We also received feedback this session that producers
> >were buying the back months and covering some hedges.
> >
> >The physical gold market is on fire. The gold market
> >fundamentals have not changed in two days. They were just
> >as bullish two days ago when most of the mainstream
> >gold analysts were telling you how bearish the gold
> >market was.
> >
> >The only change in the past two days is PERCEPTION.
> >
> >It is of interest to me that word is now spreading about
> >the gold market exposure of hedge funds because they have
> >borrowed so much gold to finance their trading operations
> >and investments.
> >
> >The Cafe has alerted you for weeks that we have heard
> >that just 4 hedge funds (Soros,Tiger,Armstrong and Moore
> >Capital) may be short 30 to 50 million ounces of gold.
> >
> >Yesterday, I reported further confirmation of Tiger's
> >short gold postition from a good source. You might recall
> >I mentioned how nervous this Tiger investor was because
> >Tiger is short gold.
> >
> >I also suggested that it would be only a matter of
> >time before some hedge fund sharks stepped up to
> >the plate to take on the vulnerable hedge fund shorts.
> >
> >Awhile back, I pointed out that the highly regarded Tudor
> >operation was buying thousands of December gold options with a
> >$260 to $265 strike price. That trade looks awfully good
> >today. Yesterday, Tudor was a big buyer of futures.
> >
> >One of the new top guns at Tudor, Dwight Anderson, just
> >happens to have been a big wig at Tiger until very
> >recently. Hmmmmm.
> >
> >It is Cafe time. Make a reservation if you have not done
> >so and check in for a full membership. The party is
> >just starting.
> >
> ><A HREF="http://www.lemetropolecafe.com/scripts/products.cfm";>Le Metropole
> >Cafe</A>
> >
> >All the best
> >
> >Bill Murphy
> >Le Patron
> >www.LeMetropoleCafe.com
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
>
> ______________________________________________________
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