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You have a delete button - why don't you use it? Those of us that are able
to glean worthwhile information from these letters shouldn't be denied the
opportunity.
Sincerely,
Pete Hallock
-----Original Message-----
From: scheier <scheier@xxxxxxxxx>
To: Larry Muir <trdoptions@xxxxxxxxxxx>; RealTradersList
<realtraders@xxxxxxxxxxxx>
Date: Friday, September 24, 1999 12:58 PM
Subject: metrotrash / was Re: Fwd: Harry Bingham - On The Economist, Daewoo,
European Credit, EdwardChancellor, etc
>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
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>>
>> ______________________________________________________
>> Get Your Private, Free Email at http://www.hotmail.com
>
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