| 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-
------------------------------------------------------------------------
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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| To: Mike Paulin who wrote (2628) | 8/23/2000 5:57:02 PM | | From: Grant Baker | | | | Hi Mike. Very quiet around here lately.
Received my AGM package today. Financial statements all in French - not much good to me since I am not even a bit bilingual. I get the drift of the income statement, etc., because of their format, but the notes to the financial statements might as well be in ancient Greek! Too bad, some of the most useful information is in the notes....Anyone out there willing to attempt a translation of the financial statements for the rest of us? Maybe just the highlights.....
(Haven't checked the company website to see if there is an English version of the financial statements there, but would be surprised to see that concession to anglophones!)
I think that this is typical of the arrogance of these guys to publish their financial statements in French only - they don't really give a damn about the small shareholders, and never have.
I have half a mind to to vote against the share dilution proposal (ie. not agree to the company issuing more than 25% of outstanding shares to raise new equity) and hope that with all the other small shareholders acting together we might have enough votes to make it interesting! I know that I am dreaming, but at least these guys will know that some of us are pissed off at their business naivete and incompetence!
Hope to see a more lively discussion sometime soon.
Regards.
Grant. |
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