| To: DON who wrote () | 6/8/2000 1:34:00 AM | | From: jocko | | | |
11:55p EDT Wednesday, June 7, 2000
Dear Friend of GATA and Gold:
This commentary by Clive Roffey at the Moneyweb
Internet site is interesting for its acceptance
of GATA's contention that the price of gold is
being manipulated. It's all the more interesting
for its suggestion that the manipulators are
losing control.
Please post this as seems useful.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Has the gold catapult started?
By Clive Roffey
moneyweb.com.za
June 7, 2000
My oft-stated analyses on gold have continuously
defined the bullion price movement as a major base
formation in total contrast to the huge top patterns
evident on the world's equity market indexes. I have
frequently stated that when the lift upwards from this
base occurred it would be vicious and take the form of
a catapult, or almost vertical move.
Last Friday evening the gold price suddenly jumped $10
in the space of a few minutes as US futures players
covered their short positions on the back of a falling
dollar.
For any market to have an unexpected vertical move out
of a negative psyche it needs to have a sudden jolt
that turns the prevailing fundamentals on their head.
In the case of bullion there can be no doubt that the
US bullion houses have been keeping the lid on the gold
price to protect their short sales at the $310 level.
But the combined forces of a falling dollar, rising
commodity prices and weakening stock markets are
starting to take effect.
My analysis continues to look for the vertical catapult
with a target of around $385 by the end of the year. In
this context the shares have formed major buy signals
as their oscillators refused to mirror the new lows
made in the early part of last week. Avgold is a
classic example.
For the past month Avgold's share price has drifted to
new lows but the oscillator has refused to confirm this
movement thereby setting up a major divergence buy
signal. The identical data is to be found on the charts
of Anglogold, Af. Lease, Durban Deep, JC Gold, and
Goldfields.
All of these shares can be bought for substantial
upside moves over the next three to six months.
-END-
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| To: jocko who wrote (2621) | 6/8/2000 2:37:00 AM | | From: MAKAMAI | | | |
Aloha Jocko,
In my opinion, we need more that a $385 gold price by years end to get MIQ out of the doldrums, we need active drilling and positive results - even another joint venture with a major wouldn't hurt. I guess time will tell. Do you know if any drilling is taking place now that summer is upon us?
Mahalo,
Makamai |
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| To: MAKAMAI who wrote (2622) | 6/8/2000 12:25:00 PM | | From: jocko | | | |
Hi Brudda,
I agree and I have only heard rumors of other companieS interest. Hot & dry in the area for drilling :-)
As to $385 Gold..... With what's going on; pick a number, any number, and I bet your right :-) :-)
A guy ask Bill Seidman (CNBC) about the banks shorting gold, and will the tax payer get stuck with the bill when the shit hits the fan.
He smiled uncomfortably, or has he always had a red face :-)
and said we have the "bail out fund" but there is only a SMALL chance we will have to bail them out. IMPORTANT: He also said "I have no way of knowing whether they are shorting gold !!!!!"..... I wanted to say neither does the tax payer..... maybe that's why the guy ask the question :-)
Interesting because Ron Insana et-all received the "Gata Derivitives Report" yesterday.
Makes me wonder how they feel sitting on news like that :-)
Aloha
j |
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| To: jocko who wrote (2623) | 6/8/2000 5:23:00 PM | | From: MAKAMAI | | | |
Aloha Jocko, you said "Interesting because Ron Insana et-all received the "Gata Derivitives Report" yesterday. Makes me wonder how they feel sitting on news like that :-)
The first thought that came to mind was like a Mexican jumping bean on a hot seat... [:>))
Makamai |
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| To: MAKAMAI who wrote (2624) | 6/9/2000 12:24:00 PM | | From: jocko | | | |
More beans on the hot seat :-)
10:45p EDT Thursday, June 8, 2000
Dear Friend of GATA and Gold:
You'll see from GATA Chairman Bill Murphy's
comments below that GATA now is raising
serious questions about what is going on
with gold being shipped out of the Federal
Reserve Bank of New York and how it is being
accounted for. We just might have a few
government agencies going at it before long.
The Internet site of the Martin Armstrong
Defense Fund has grown and I encourage you
to check it out. As you may recall, Armstrong
is the financial adviser whose lawyers were
taken away by the government just as he
began to talk about various market
manipulations. The site is at:
armstrongdefensefund.org
Please post this as seems useful.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
GATA MAKES MORE TROUBLE AT THE NY FED
By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Thursday, June 8, 2000
Gold was trashed late today by Hannibal Cannibal Chase
Bank just as it looked like it would make a run to go
positive for the trading session.
On the positive side, we received word that hedge funds
were indeed going long. If that trend continues, the
open interest (which was up 1,300 contracts yesterday)
should continue to build as the gold price moves
higher.
On that note, tomorrow is a very important day. August
gold closed right above its 200-day moving average,
which is moving higher. The 15-day moving average is
about to cross its 40-day moving average to the upside
The last two times that happened were the spikes up in
September last year and February this year.
More from Agent W about the Federal Reserve Bank of New
York gold moving out of the country. Reg Howe covered
this issue in an essay last month, "The Fed: Up to its
Earmarks in Gold Price Manipulation." A quote from Reg:
"What is immediately apparent from this chart is that
disbursements of gold from the earmarked accounts of
foreign central banks and other foreign official
agencies at the New York Federal Reserve Bank, shown in
blue, are included in exports of non-monetary gold as
reported by the Commerce Department, shown in red.
Plainly there is no realistic sense in which these
withdrawals of foreign official gold from the Fed are
U.S. exports. Possibly they are reported this way by
mistake, perhaps reflecting the fact that non-monetary
gold cannot be distinguished from monetary gold at the
points where exports are measured. Intentionally or
not, the effect is to gild the export numbers, making
the trade balance appear better than it is."
GATA's Agent W has been doggedly on the case to find
out what is going on here and what it might mean. This
is a follow up to last night's dispatch:
* * *
From: Agent W
To: Bill, Reg, Chris
June 8, 2000
"Called the staffer at Census who is assigned to
investigate and answer my letter to pass on my news and
the names of my contacts at the Fed and Commerce. She
confirms that there is a clear discrepancy and that
this is a serious matter.
"It probably won't be resolved quickly because of the
different government agencies involved, but she thinks
my providing her with my contacts will help. She seems
quite motivated. I note that this staffer has been able
to get some answers and stir up interest from Customs,
whereas Customs does not return my phone calls.
"She also believes that a key issue may be that the Fed
considers the gold vault a warehouse but Customs does
not. If the gold vault is a warehouse, the customer
files the import documents; if not, then the Fed must
do so."
* * *
>From www.LeMetropleCafe.com member and GATA contributor
Carlos:
"I was watching CNBC this morning, and Bill Seidman,
their chief commentator, was being asked some questions
over the phone. One viewer asked him if U.S. taxpayers
would have to bail out J.P. Morgan and Goldman Sachs,
as they were shorting gold and were tremendously
exposed should the price rise.
"Bill answered very politely that he didn't know that
those guys were short, but that he doubted the
taxpayers would pay the bill, since Goldman Sachs and
J.P. Morgan were protected by the FDIC.
"I think the word is spreading around real fast."
-END-
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Remember four years of good friends, bad clothes, explosive chemistry
experiments.
click.egroups.com
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| To: DON who started this subject | 7/13/2000 10:40:17 AM | | From: Mike Paulin | | | | 4 for 4
Well what a brilliant and intelligent management we have there.
Out of 4 Co's in the Ariel Group, we now have 4 non trading Co's.
Most of them order by the commissions.
So what are we going to do now ?
Seat down like good little boys and girls and wait for their decisions
as usual, or do something about it.
I am open to suggestions?.
Sincerely, Michel
PS: I will like to hear from the cheerleaders bench what
they think. |
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| To: Mike Paulin who wrote (2626) | 7/13/2000 10:53:07 AM | | From: andre dallaire | | | | I hope you can translate:
Re: Brex
Date:
Thu, 13 Jul 2000 08:59:32 -0400
From:
ariel@lino.com
To:
André Dallaire <decision@royaume.com>@hermes.lino.com
At 22:48 00-07-12 -0400, you wrote:
>Est-ce que c'est possible de savoir quelles informations la bourse de
>Mtl demande pour les satisfaire, est-ce que ca un rapport avec la
>réponse que vous avez donné au mois de Mars laquelle semblait un peu
>pour se débarasser, et j'ai aussi de la misere a comprendre pourquoi
>vous reculez toujours la réunion annuelle, est-ce qu'il est trop tard
>pour le Nevada cette année.
>un actionnaire un peu fatigué,
>André
>
>
>Bonjour monsieur Dallaire, si les actions sont arrêtées à la Bourse, c'est
à la demande de la CVMQ. Nos états financiers sont encore chez les
vérificateurs et c'est ce que la CVMQ attend, nous aussi d'ailleurs.
Aussitôt que nous aurons envoyé les états financiers et les rapports
annuels, d'ici trois semaines ou au plus tard un mois, tout devrait revenir
à la normale. Nous sommes désolé de ce retard.
Pour ce qui est du Nevada, je vous communique le numéro de téléphone de
notre président qui est responsable des relations avec les investisseurs.
C'est le 416-368-0114.
Bien à vous,
Madeleine Ayotte
Agente aux affaires corporatives |
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| To: andre dallaire who wrote (2627) | 7/13/2000 11:24:26 AM | | From: Mike Paulin | | | | Re: Ariel email
Hi Andre, thank you for your effort in asking them.
This is what my problem is with this peoples, they are basicaly telling you
that for the last 10 month they are so busy, that financials can not done
in proper time, and that now it is going to take 3 to 4 weeks to fix it and maybe start trading after that.
What a team, they sure know how to buy time for free.
Also, she sure did not answer you question on the posponed meetings.
As for getting an answer for the president, if he ever answer you, I will
respectfully request that you get the answer recorded and certified,
because so far is answers where not on the level.
Sincerely, Michel
"Bonjour monsieur Dallaire, si les actions sont arrêtées à la Bourse, c'est
à la demande de la CVMQ. Nos états financiers sont encore chez les
vérificateurs et c'est ce que la CVMQ attend, nous aussi d'ailleurs.
Aussitôt que nous aurons envoyé les états financiers et les rapports
annuels, d'ici trois semaines ou au plus tard un mois, tout devrait revenir
à la normale. Nous sommes désolé de ce retard.
Pour ce qui est du Nevada, je vous communique le numéro de téléphone de
notre président qui est responsable des relations avec les investisseurs.
C'est le 416-368-0114. |
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