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>From: LePatron@xxxxxxxxxxxxxxxxxxx
>To: trdoptions@xxxxxxxxxxx
>Subject: GOLD FLYING - Some Feedback - Summer Gold Loans a Disaster for
>Borrowers
>Date: Mon, 27 Sep 1999 10:13:47 -0400
>
>Le Metropole members,
>
>Round the world, the gold market is so far having its
>best day in 10 years. A significant battle has been won,
>but not the war. I will have more on this later in my
>Midas du Metropole.
>
>At the moment, around 9 AM CST in the U.S, gold is up
>$13 and trading around $281.50. Silver is up 14 cents
>and the XAU just opened a whopping 8.14 at 79.60.
>
>As you all know I have been pounding the table about gold
>the past two months as "the best risk/reward investment
>that I have ever seen." The price has now rallied about
>$25 off the mid range of the summer.
>
>Thus, this big move today is no big surprise. The reason for
>that is because of the work my associates and I have been doing
>"gratis" for GATA. I am being fed as good, or better,
>information on the gold market as anyone in the world right
>now. Well positioned people in the gold industry want to
>help us succeed against the "maligned forces" that have
>been unnaturally holding the gold price.
>
>Several times this summer I reported to you that there were
>serious "government to government" negotiations going on
>about the gold price and the gold market. That information
>was RIGHT ON THE MONEY. More on this later.
>
>I thought I would share some emails with you that
>I received early today. This is a day to smile for gold
>bulls. It is only the beginning.
>
>Bill,
>
>Its about 3.00 PM Perth time and I have just come
>home from one of the best dealing days for gold ever.
>Its a public holiday in Perth today although the
>stock market is open. The dealing room was half empty.
>
>Well there we were, a couple of mates and myself
>watching a boring market when we noticed gold edging up
>and then edging up some more until we decided enough
>was enough and we pulled the cheque books out and
>started to buy the shit out of Normandy, Lahir, Sons
>of Gwalia and Delta etc. If fact we were so
>early into the rally we started to think noone
>gave a crap, so we started taking profits thinking
>well that was it.
>
>Well we sat back and discussed the continued
>upward pressure on gold which technically was looking
>like the space shuttle taking off. Being well
>schooled by GATA in whats happening in the gold market
>in general and it wasn't long before I was
>conducting a lecture.
>
>Well it wasn't long before we concluded the squeeze
>in the gold market was now on and we were lucky
>enough to witness the start. We of course
>received the European Economic Community's statement
>on gold sales which further cemented the case for
>conviction of Hannibal Lector.
>
>We then hit the market running. Bought everything we
>sold back and then some more, the market kept running
>so we doubled up. I didn't even
>know how much stock I had bought I was in such a
>frenzy and had no idea how much I was up, except it
>was a shit load.
>
>Its been a long time between drinks mate but today
>was our day. But thanks for the education on the gold
>market because without it, I would not have
>realized what was going on in the gold market and
>therefore would not have profited.
>
>The sentiment has changed down hear I can tell you.
>Its gold, gold, and all that bullshit being peddled
>by the shorters re gold heading to $200 and
>no longer being an important reserve asset etc, etc
>was being openly ridiculed in out dealing room today.
>That is a very important change in
>attitude and as such I see a pile of cash across
>the market pouring into gold stocks.
>
>My best buys:
>
>The Majors: Lahir (low hedging.)
>Middle: Sons of Gwalia (great dividend yield but
>hard to get stock)
>
>Small Cap: Taipan (high grade discovery at
>Paulsens, WA, recently dropped from 20 to 9.5 cents
>and has already had one failed takeover attemptagainst it)
>
>Spec: Montague: Great ground (next to Taipan and a
>farm in with MIM at TIck Hill in QLD, great
>management and exploration team, plenty of cash
>and currently drilling Tich Hill (scene of
>MIM's famous rich 25g/t discovery back around 1991.
>MIM made $200M net cashflow over 3 years. Montague
>has the right to earn 70% by spending around $3M
>over next 5 years. Currently has already
>earned 30% through past expenditure.
>
>Regards
>Mark
>
>Bill:
>I got up and Dec Gold is up to 287 ! Wow! You called
>it right! CNN is finally giving some news clips on GOLD.
>It's about time. The ingredients are finally making
>their way into the "bowl." Short covering...good publicity
>.declining market...and maybe Y2K. This should
>be a very interesting week...are you going to hand the
>Hannibals any towels to wipe up their "sweat?" I'm
>wondering what was the impetus for
>the G7 to make their announcement?
>Great job Bill!
>
>D T
>
>
>I wish to give you a personal thanks to you and your
>web site. It is the best $99 that I ever spent. I have
>a very meager knowledge of the markets and the web site
>has been a wonderful place to learn and expand
>my knowledge. Before reading your web site I had no
>knowledge of forward sells, hedge funds, the role of
>central banks and bullion dealers, and
>how they all interacted. I am also starting to get a
>feel for the expanding credit bubble, how it seems all
>money comes out of this and the precarious position
>that this bubble places us in. I can not thank
>you enough for the education. It has been uplifting,
>and unfortunately, depressing at the same time.
>
>I also thank you for your courage to stand forward.
>
>Gordon
>
>Cafe members - An item of interest for you:
>
>It will be helpful to keep this in mind. Anyone who borrowed
>gold at 3% this summer now has a 43% gold loan on their
>hands. - I repeat, 43%. The price of gold has rallied 10%
>on average for those loans. That is 10% in 3 months.
>Annualized - that is 40% per year. If a gold loan is to be
>unwound, that is what he borrower will have effectively
>paid if he buys his gold back today. Add the 3% gold
>lease rate and it is a 43% loan.
>
><A HREF="http://www.lemetropolecafe.com/scripts/products.cfm";>Le Metropole
>Cafe</A>
>
>All the best,
>
>Bill Murphy
>Le Patron
>
>
>
>
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