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I said something like 6 weeks ago that maybe looking at buying gold mining
share call options might be a good idea. Looks like it probably still is.
someone said this info isn't about trading...give your head a shake.
I usually only trade technically, but the fundamental info in this situation
is just too interesting...this is a good study in the interaction of
fundamental and technical analysis. Someone told me once why not use both?
You should watch both.
>From: LePatron@xxxxxxxxxxxxxxxxxxx
>To: trdoptions@xxxxxxxxxxx
>Subject: David Tice - Coin in the Fuse Box / Gold up another $11
>Date: Tue, 28 Sep 1999 07:57:05 -0400
>
>Le Metropole members,
>
>Another very bright morning for the Cafe. David
>Tice has served commentary at the Hemingway Table
>entitled, "Coin in the Fuse Box."
>
>"We are pleased that several publications including
>the Wall Street Journal, Barron’s and Business Week
>highlighted last week’s Credit Bubble Symposium.
>Today we will showcase Doug Noland’s speech,
>"Coin in the Fusebox."
>
>"I have spent the past decade in a personal quest,
>striving to understand the workings of our financial
>system and economy. I am here today hoping to share
>a few insights. Part of the dilemma we all face
>is that we are so inundated with numbers and
>statistics that it is difficult to see the forest
>through the trees. Today, I hope to bring
>some clarity to the forest."
>
>Doug Noland has one of the most clever minds in
>financial land. You will be hearing a lot about him
>in the years to come.
>
>The joint is jumping as I go to send this out to
>you all. There is panic in goldsville by the shorts.
>It is coming from short hedge funds and producers that
>have too many forward positions on. Gold is closing in
>on $300.
>
>What is important to understand in all this excitement
>is that a fair equilibrium price for gold is $600,
>not $300. The only reason the price of gold has been at
>these abysmal levels for so long is because it was
>orchestrated down here - manipulated, etc.
>
>This is a very big picture play that is unfolding before
>you. For every action, there is a reaction. The action
>was to unnaturally hold down the price of gold. Most
>gold market observers had no clue of what was going on.
>Thus, the reaction will be a move to much higher levels than
>they can comprehend.
>
>The contributors to the Cafe do understand this. This
>move up is no surprise to us. Neither will be the mega
>move up that is coming. By the time the gold move ends,
>the internet stock plays will look rinky dink!
>
><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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