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Fwd: BULLETIN- GOLD UP $12 AFTER COMEX CLOSE- HANNIBALS FLEEING - TOM CRUISE



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To anybody who doesn't like gold market information DON'T READ THIS
and don't send me your hate mail  just skip this
this is educational so it won't interest you.
I would like to share this letter I was sent because this a huge historic 
event in the markets. I thought what gata was saying made sense and it looks 
like they were accurate. As far as trading goes I would say being long gold 
could be profitable.



Don't read past this point if you are not interested in something 
educational



>Subject: BULLETIN- GOLD UP $12 AFTER COMEX CLOSE- HANNIBALS FLEEING - TOM 
>CRUISE
>Date: Mon, 4 Oct 1999 22:36:49 -0400
>
>To The Internet
>
>In behalf of the Supreme Allied Internet Headquarters,
>I would like to thank the "Internet Field Commanders"
>for all the intelligence they have provided our forces.
>The axis troops have big money, influence and power. We
>have the truth and the Internet on our side. What you
>are all doing is changing history!
>
>The gold market has been manipulated and orchestrated
>down to an unnaturally low level. Many of you all know
>that now. The bullion dealer camp that has participated
>in this manipulation has fed bearish propaganda to the
>press, which they have eaten up because of the reputation
>of the sources that fed them. Yes, "the establishment
>esteemed" have spread "disinformation" to foster their
>collusion.
>
>It is either that, or some of the most highly regarded
>financial institutions in the world ALL have much less
>brainpower than they let on. Could ALL these MBA's and
>hundred millionaires be that ignorant of the real
>fundamentals of the gold market? Except for Lee Ann
>Baker of Solomon Smith Barney, I can't think of another
>of this crowd that did not "lemming" bearish diatribe. By
>the way, Lee Ann has been a fan of Frank Veneroso for
>some time.
>
>But, enough of that. As you know, for many, many months
>I have reiterated that a highly placed "Field Commander"
>has told me that that the bullion banks and central
>banks have massive amounts of naked calls (options)
>around the $315 strike price level. As I mentioned in
>my note to you earlier today, there is no telling how
>high the price of gold could go if that price point
>was breached.. That is why  I spent this weekend
>preparing a Midas which explained the gold dynamics
>for you as best I could.  My imperative
>- "do not get out of position!"
>
>I have just received 3 emails from your fellow
>"Internet Field Commanders." It is superb intelligence.
>December Comex Gold is trading at $330 right now -
>UP $12 over the Comex close. More importantly
>"Hannibal Lecter" and other "Hannibal Cannibals"
>were seen buying heavily late in the Comex session.
>
>This was PANIC BUYING.
>
>Not only are hedge funds that have borrowed gold in
>deep trouble, but these bullion dealers have written
>all sorts of "structured deals" for producers to
>enhance their "forward sale price." That is why
>many of the producers have reported (in GLOWING TERMS)
>what genius' they were for getting $60- $100 higher
>a price than the then spot price for their future
>gold production.
>
>To accomplish that, the "Hannibal Cannibal" bullion
>dealers ADVISED them to go for it. After all, gold
>was never going up, according to these
>brilliant soothsayers.
>
>The hubris of these arrogants goes off the charts.
>They conned the gold producers, the press, portfolio
>managers and just about everyone. ALL BUT THE
>INTERNET CROWD. AT LEAST, MOST OF YOU.
>
>As I sent this email out, I can present you the
>following facts:
>
>Spot gold was trading $314.50 bid going into the
>Comex close when someone bought so much gold it
>rallied to around $316, violating the key $315
>resistance level that I have been telling you about
>for a long, long time. The "Hannibals" were seen
>buying in size late in the day. The gold lease
>rates ended up at a hefty 5% to 6% for the day.
>Borrowers of gold are being slaughtered just
>like they were in the end of the yen carry trade.
>The yen they could buy back. Gold?
>
>We believe the gold loans are in EXCESS of 10,000
>tonnes. Mine supply is 2550 tonnes. How do those
>that want to get out of their gold loans, get out?
>There are many thousands of naked calls written
>on top of that. How will they be covered? This
>is what I told 3 Congressional Committees in
>Washington this past spring. I urged them to
>look into the gold loan situation before big
>problems developed.
>
>Many of you know that there are a gazillion
>390 Dec Comex calls outstanding. We know for a
>fact that most of them are uncovered calls. A well
>known floor trader told me that if $390 is taken
>out to the upside, the Comex could be in VERY
>SERIOUS TROUBLE.
>
>It gets worse.
>
>This was posted by the well informed  Sequin at
>the popular Kitco gold site:
>
>"Option trader got fired .
>You guys can't even start to imagine how much blood
>there is .
>Bullion banks are in panic mode : derivative positions
>too big to cover , no liquidity , fear about medium
>size mine defaults because of overhedging and margin calls .
>Very bad words in board rooms these days.
>Banks hesitate to be the one who pulls the trigger on
>mines since they could start a cascading default
>chain reaction.
>UBS is dead.
>Goldman is dead.
>Morgan is sh*tting razor blades but not dead yet .
>Morgan stanley disappeared from radar screen.
>They NEEEEED Gold to go down .
>There is about 1 year production of buy order
>between 280 / 295 If these guys start to panic it
>might get interesting . But too much blood is not
>always the best you can hope for : Beware of CBs
>stepping in .
>If there are small to medium mines defaulting ,
>we could see contagion on the XAU.
>So I would prefer an orderly rise .
>I know this is too much to ask for and I am a
>little bit excited. THKS"
>
>I cannot vouch in any way for Sequin, but I can tell
>you this man knows his stuff and his highly regarded
>by my associates. What I can vouch for is that the
>banks (Hannibals) are being seriously queried about
>their gold market exposure. Today, Chase Bank (who
>Field Commanders tell me has MEGA problems) downplayed
>the gold problem to banking analysts.
>
>"First Call" is an institutional service that provides
>portfolio managers the opinion of buy side analysts.
>Chase Bank, who is in the spotlight big time, has told
>the analysts they have no problems because, in essence,
>they HAD their producer clients hedge; ie, the downside was
>protected and now with this gold move up, the credit
>ratings of the gold producers will go up.
>
>More on this Chase hype soon. My violin is strumming away.
>
>Choke, choke choke
>
>From what I know, Chase is Newmont Mining's
>"Hannibal." "Field Commanders" tell me they talked
>Newmont into a "structured deal" forward sale at $270
>just when the manipulation crowd was looking for
>more gold supply to continue their "gold cartel games."
>
>Newmont: what do you think of  the "Hannibal Cannibal"
>strong arm tactics now? What do your loyal shareholders
>think? In Barron's you said "NO ONE SAW THIS COMING."
>BULLCRAP. You met with me in Dallas, Texas and Frank
>Veneroso in New Jersey. We TOLD YOU IT WAS COMING.
>
>I don't blame Newmont. They are very decent people.
>"HANNIBAL" forced them to do what they did. How would
>you like to have been a Newmont Board of Director?
>The esteemed Chase Bank tells you the price of gold
>is going down. It is getting touch and go for you.
>Hannibal: "You know Mr. Board of Director, if the
>price of gold does do what we say it is going to do
>that you might be held personally liable by
>shareholders if your company goes down for the
>count." That is what the "Hannibal Cannibals" did
>to Newmont Mining and to other gold producers.
>These guys were given little choice. IS THAT NOT
>SO NEWMONT?
>
>GATA still loves you Newmont. Get behind us! Stand up
>for your shareholders!
>
>Meanwhile, back at the ranch, the Supreme Allied
>Internet Headquarters is pleased to announce to the
>Internet that the "Hannibal Cannibals" ARE in full
>scale retreat. They have accepted GATA's ultimatum
>of unconditional, dishonorable surrender and are now
>fleeing out the back end of the "enveloping horn."
>We will honor our terms and not close the back end
>of the "enveloping horn" on them. (Perhaps, that is
>where we differ from Shaka, the great (but, brutal)
>South African Zulu Chieftan, who employed this strategy).
>
>Again, I congratulate you all. Your persistent,
>informed intelligence has been right on the money.
>Only the U.S. Federal Reserve can bail them out now.
>But, GATA has the heat on the Fed right now. We are
>watching their every move. We know the commission
>firm they cajoled to not pressure the "Hannibals."
>The Congress of the United States has already opposed
>the IMF gold sales- for very good reasons.
>
>This is a big political year coming up. If the Fed
>steps in trying to bail out its cronies, we will rush
>to the political opposition of the present administration
>and wave a red flag. GATA's recent findings have
>already been sent to 3 Congressional Committees. For
>9 months, GATA told you we would be RELENTLESS and that
>we would not let down the thousands of gold family
>people that told us they were counting on us. We promised
>them an all out effort and results.  And, we will
>keep that promise.
>
>Our camp will be more gracious than the "Hannibals"
>have been. We will show mercy on them and let them
>out of the back end of our "enveloping horn." When
>the price of gold hits $340, we will ACCEPT THEIR SURRENDER.
>
>Just a few more requirements before we ease off on
>them. First, we want them to admit that Frank Veneroso's
>analysis was right and Gold Field Mineral Services was wrong.
>
>Second, we insist the talented, loquacious bullion
>dealer apologist, Andy Smith, come up with a title
>for the GATA movie. Andy told his well heeled clients
>this past year over and over that GATA's ruminations
>were more fanciful than a "Julia Roberts" movie.
>
>Andy: hint - My Dad befriended Tom Cruise of Glen Ridge,
>New Jersey when he was a busboy at the Glen Ridge Country
>Club. He took Tom to his first professional football
>game at Giants Stadium and they shared a good camaraderie.
>Tom was commuting into New York at the time studying
>acting and thought he had a shot at being a decent actor.
>
>I TOAST THE INTERNET, ALONG WITH THE CAFE, AND THANK ALL
>OF YOU THAT FIGHT THAT TRUTH BE KNOWN.
>

>
>All the best,
>
>Bill Murphy

>There is no advertising here so don't send hate mail.
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