####### GOLDBUGS ####### BATTLE STATIONS!!!!!!! :) #######greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread |
THIS COMES HOT OFF THE PRESS!THIS COULD BE IT!!!!!!!
Good luck all...
Got Gold?
======================================================================
12:55a EDT Saturday, October 16, 1999
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy tonight sent this dispatch to his subscribers at www.lemetropolecafe.com and asked me to send it to you because it is of general interest.
GATA is calling all friends of gold to their battle stations for a special announcement at 7:50 a.m. Central Daylight Time this Sunday -- tomorrow. This is going to be war, and we're going to win it.
Please post this as seems useful.
CHRIS POWELL, Secretary Gold Anti-Trust Action Committee Inc.
* * *
GOLD PRODUCERS ARE DIVIDED BUT OUR 2 HEROES ARE EFFECTIVE
By Bill "Midas" Murphy www.lemetropolecafe.com
Friday, October 15, 1999
This past week I told you that some of the major gold producers had agreed to an unwritten, but formal agreement, to cut their gold production, a la OPEC. My information came to me from the best of sources in the gold producer community.
I just received this email from GATA Treasurer, Chris Powell. It quotes an a usually informed source who posts on the Interet:
"It's illegal to form cartels in America. The government prohibits any such organization. But outside America, it's perfectly legal. Just take a look at OPEC.
"Since the British gold sale, South Africa got real angry and, led by Anglogold, it has been pushing full- steam into creating an international gold cartel made up of non-USA gold producers.
"The rumor buzzing out of London tonight is that an agreement has been reached and will be announced at a big press conference soon.
"If non-USA mining companies announce even a 25 percent reduction in global gold output, it's gonna ignite the gold price beyond description."
This confirms what I have been told.
I also have reported that there are rifts in the World Gold Council. This explains the rift. The overly hedged shorts do not care for a cut in production; their shares will not perform well if the gold price explodes. This also explains why Gold Field Ltd. announced today that it has now covered most of its hedges.
Chris Thompson of Gold Fields and Bobby Godsell of Anglogold have been the powerhouses on behalf of gold. They are standing up to the Hannibal Cannibals and are quietly changing the gold world in behalf of their companies and the gold industry. Gold shareholders, they are your angels. They should be applauded.
Carpe diem is in. Hannibal Lecter is out.
By now you all know that the U.S. Producer Price Index figures released today were far more bullish for gold than anyone imagined. The dollar was beat up and the equity markets were trounced around the world, yet gold was allowed to rally only $2 by certain malign forces. If that did not hit you over the head today about what we are dealing with, get a checkup with a top brain surgeon.
Our camp has been victimized far too long. I would like to echo our sentiments:
WE ARE MAD AS HELL AND WE ARE NOT GOING TO TAKE IT ANYMORE.
The Gold Anti-Trust Action Committee certainly will not stand for the government bailout of the cartel that has ruined so many companies, shareholders, and miners to suit its own greed.
At 7:50 a.m. Central Daylight Time on Sunday morning GATA and the "right flank" will make an important announcement to every gold company shareholder in the world.
-END-
-- Andy (2000EOD@prodigy.net), October 16, 1999
For the spot price of gold:
http://mrci.com/qpnight.htm
http://www.kitco.com/gold. graph.htmlFor the spot price of silver:
http://www.kitco.com/sil ver.graph.htmlFor the spot price of platinum:
http://www.kitco.com/p latinum.graph.htmlFor U.S. Markets and stock quotes:
http://finance.yahoo.com/?uFor Major World Indices:
http://finance.yahoo.com/m2?uSincerely,
Stan FarynaGot 14 days of preps? If not, get started now. Click here.
Click here and check out the TB2000 preparation forum.
-- Stan Faryna (faryna@groupmail.com), October 16, 1999.
Thanks Stan my man!!!
-- Andy (2000EOD@prodigy.net), October 16, 1999.
I read the metropole cafe, but your glee is unwarrented. Look at your neighbors, all your friends are going off a cliff and to try and push us all of the cliff is wierd of you.Sure they made a mistake, but you just think it is gold shorts that are at risk. You have no idea of the trillions of gold derivitives that are going to collapse is we dont make it a smooth transition to the nmew future of gold based economys.
You revolutionary -tear it down today- types are foolish. Thanks a lot for your "short" sightedness.
Let the ones that are trying to make the transition to sanity work without collapsing the whole global economy! Wake up! It is your life too. We are on the same planet. Slap yourself in the face. Your glee is something you have to get past and see what is really at stake.
-- billburke (bill52@rocketmail.com), October 16, 1999.
Andy, OPEC has 11 members and operates at the directives of their member governments. The cartel controls 42% of the world's current oil production and a majority of total crude reserves.What you're describing here would be a cartel of private companies. How many would participate, and how big of a supply % are we talking here? How would you rate their odds of success in terms of staying together as a cartel? With the exception of OPEC, its sure hard to find many other production cartels that have worked.
Its sure getting interesting.....
-- Downstreamer (downstream@bigfoot.com), October 16, 1999.
Bill, I want an orderly transition too. I ake no glee in this so please do not tryand make me feel guilty that people will suffer. am pleased that GATA has taken a stand to fight those who have ruined people for the last 20 years. Please read my other posts and you aybegin to understand.The point is we are already ALL over the cliff, running like wile coyote, and are just about to experience gravitational pull.
No sour grapes please Sir. I have ben warning this forum for God knowshow lng about how this would endup - UGLY.
Downstreamer
We live in interesting times.
Stay tuned.
PS
Apologies for atrocious spelling -wetv is carpola.
-- Andy (No6InTheVillage@webtv.com), October 16, 1999.
I could be wrong but if memory serves...Anglogold is actually DeBeers and the Oppenheimers.
-- eubie (eubie@gotgold?.com), October 16, 1999.
billburke commented:"Let the ones that are trying to make the transition to sanity work without collapsing the whole global economy! Wake up! It is your life too. We are on the same planet. Slap yourself in the face. Your glee is something you have to get past and see what is really at stake. "
billburke, in case you didn't know, it was the folks that allowed this MASSIVE MANIA to be created that you now want to be allowed to:
"Let the ones that are trying to make the transition to sanity work"
What an IDIOT!!
Ray
-- Ray (ray@totacc.com), October 16, 1999.
Andy: I apologize, but I'm wondering if you could please explain what your post means in words that I can understand? I'm not following 100% and I'd like to understand. Thanks a lot! Or you can e-mail me at the above address. I appreciate it!
-- Diane (DiR9290343@aol.com), October 16, 1999.
Diane, please let me beat King of Spain to the punch and ask if you mud wrestle :) ?There is a little history here.
Back in the 70's a deal was worked out with the Arabs - oil for gold, which is what they wanted, rightly not trusting future-to-be-toilet paper greenbacks.
Some 12,000 tonnes I believe went south.
Ever since the POG (price of gold) has been artificially held in check, apart from one breakout to $850 in 1980.
Miners have suffered, small nationshave been wiped out, decimated, as have investors like myself.
It is a rigged game at the highest levels.
The Arabs now want to use the Euro as the world reserve currency, with oil and gold in future being priced in Euros. This fits in wth the Europeans agenda.
Britain, the normal usa poodle, has defected to the Euro camp.
The dollar is now going to tank - big time - market crash, hyper inflation in the usa. Factor y2k in too.
The Europeans fired the first shot at freeing POG from the dollar by announcing they would sell no more gold in quantity for the next five years.
POG shoots up to $330 and halts after the Fed illegally steps in BIG TIME to protect the dollar, their cronie shorts-covered bullion banks etc... the markets should rightly have ceased trading and imploded by now as all the blood-suckers would have been exposed - the Fed is preventing this.
Has done for years and years - which will make the denouement EXPLOSIVE when it happens, and it will, soon... (same goes for bubble.com...)
GOLD is going to run free, soon.
Shot 2 across the bows of the USS Titanic has just been fired by the announcement at the top of the page. Some of the gold miners have got together to control the flow of gold, much like OPEC controls oil, and de Beers in SA control diamonds by limiting availability.
The announcement is cleverly timed over the weekend to prevent insider trading (ha ha ha POG went down, with silver, last week allowing cronies to stock up and position themselves...)
There's a lot more to this, it makes Machiavelli look like a sunday school teacher... :)
Stay tuned for FIREWORKS on Monday.
I'm sure it is not just a coincidenece that this has been done while AG and the Fed are on the ropes in Wall street on Monday... fuel to the fire... hardball from the "good" side for a change...
Check out www.usagold.com for the full scoop, specifically posts by ANOTHER and FOA (friend of another).
Hope this helps Diane, good luck.
Got gold?
-- Andy (No6InTheVillage@webtv.com), October 16, 1999.
"Back in the 70's a deal was worked out with the Arabs - oil for gold..."Back in the 70's I was living in a permanent state of, um, altered consciousness. Consequently, I don't recall having heard this before. Is there some source document that would explain it? "Got gold?" Yep.
-- (RUOK@yesiam.com), October 16, 1999.
Andy,Thanks for the explanation. That really helped me understand what is going on.
-- More Dinty Moore (dac@ccrtc.com), October 16, 1999.
Andy,what gold stocks, if any, do you think will participate in this move? I have a little of Barrick's, which held steady Friday. Newmont had alot of activity Friday.
Thanks for your contributions...very interesting...I've become more of technical trader but I just wonder what the Fed will do. I really thought the mkt was going to crash last Oct. but the Plunge Protection team took care of that. It's very crazy mkt now.
-- texan (prayfor@rain.com), October 16, 1999.
Andy,When this is all over we'll have to get together. I think you and I have played this whole mess as good as it can be played without being an insider. I'm hopeing like heck that this Y2K stuff is only a bump in the road. But, I'm really enjoying this financial transition that the world is going through. We live in interesting times indeed!!
You know, its really good for us that 99% of the public does not see whats happening with gold, the world fiat currency and the markets. If everyone saw it for what it really is then the explosive opportunities they we have taken advantage of and will continue to take advantage of, would not be there for us.
You know Andy, were going to be alright. I think it is to late to try to convince others. I tryed for awhile, as you have, because I cared so much for other people and especially for the people of this forum. After all, this is where I received my Y2K education last year. I think you share this genuine caring trait with myself.
If this thing ends up being a bump in the world at least you and I have become richer from this fiancial mess.
Hope Peach is doing well. Good luck to you!! Can't hardly wait until 7:50 tomorrow.
Mike
-- flierdude (flierdude@netscape.net), October 16, 1999.
Texan,you want to get out of ABX as quick as possible - they are hedged to the max - you want to finf unhedged like BMG and HGMCY for starters, also GOLD is good :)
Hey Mike - how ya doin'? A lot better than me I bet...:) I never did get into options, and have sold off a lot of stock to concentrate on physical. Just a gut feeling - physical is where it will be - not paper gold :) But hey, ya gotta speculate to accumulate, that's what I'm doing too...
Andy, When this is all over we'll have to get together.
##### i would love to - maybe we'll have a goldbug gathering if it's not too perilous to travel next year #####
I think you and I have played this whole mess as good as it can be played without being an insider. I'm hopeing like heck that this Y2K stuff is only a bump in the road. But, I'm really enjoying this financial transition that the world is going through. We live in interesting times indeed!!
###### me too. we are here for a reason, I believe... #######
You know, its really good for us that 99% of the public does not see whats happening with gold, the world fiat currency and the markets. If everyone saw it for what it really is then the explosive opportunities they we have taken advantage of and will continue to take advantage of, would not be there for us.
####### that is very true. we have both been badgering people on this forum for over a year now and for the most part just get abuse - however i think a lot of lurkers have listened and are gonna do just fine thank God :) #######
You know Andy, were going to be alright. I think it is to late to try to convince others. I tryed for awhile, as you have, because I cared so much for other people and especially for the people of this forum. After all, this is where I received my Y2K education last year. I think you share this genuine caring trait with myself.
####### Amen to that. It is just our duty as humans do do what we can - and we have done about as much as we can. My family are pretty poor and or DGI so I am stocking up for them too for the coming transition, whatever it may be ... #######
If this thing ends up being a bump in the world at least you and I have become richer from this fiancial mess.
Hope Peach is doing well. Good luck to you!! Can't hardly wait until 7:50 tomorrow.
####### Peach is doing great. She has a job now as a barmaid at a ski resort in Idaho. I will see her soon. She doesn't know it yet but she will be dragged, with her Bulldog Ned, kicking and screaming back to Denver for rollover. She's a GI but thinks it won't be too bad - it will be a duct tape and handcuffs job if necessary :)
Maybe when she learns what I've made with gold and silver it will be a party trip :)
When the hell is silver gonna break free? I have 30,000 ounces leveraged - we'll wait and find out soon enough :)
I hope the cartel blows POG sky high next week and gets it free of the cabal.
We have waited a long long time for this.
Later!
ON THE ROAD indeedy!!! #######
-- flierdude (flierdude@netscape.net), October 16, 1999.
-- Andy (2000EOD@prodigy.net), October 17, 1999.
Andy, I appreciate the gold education you've disseminated. I too would like to learn more about the Arab oil for gold deal. Any suggestions? I'm also still looking for specifics on the Sun morning press release. I see NYMEX ACCESS gold futures start trading at 6:00 PM tonight. I'd sure like to have more info b4 then.I don't currently have much physical gold because here is my admittedly high risk game plan: I've evaluated how much gold I could go out and physically purchase but I like this approach better: For each $2000 I can control a 100 oz NYMEX gold contract taking full advantage of the extensive leverage. (I rarely mess with options cept for covered calls or puts cause I don't like time decay and the competitive disadvantage of not being on the floor). I'm gonna scale into a few varied precious metals contracts starting this week. I'll liquidate b4 the rollover, wire the money here, and then go out and cover my ass with the physicals. I'm sure you get my drift- take advantage of the huge leverage inherent in futures markets to capitalize on the bull move and then 'get physical'.
You should diversify a little also. Get into some long oil positions somehow. It sounds like all your golden eggs are in the same basket.
Good Luck!
-- Downstreamer (downstream@bigfoot.com), October 17, 1999.
Andy,I have about 3 million dollars in various banks and I'm getting more interest on the money than I know what to do with. How would you allocate this money?
-- (TooMuch$$@the.bank), October 17, 1999.
Very funny. No one who is smart enough to earn 3 million dollars would be stupid enough to keep it in banks.
-- @ (@@@.@), October 17, 1999.
@@@@@@,Where else would you suggest I keep it? Under my pillow? In a tin can in the back yard? What rock did you crawl out from under?
-- (TooMuch$$@the.bank), October 17, 1999.
Anyone who has 3 million dollars has got to be aware of something called "investing". You'd have to be a complete imbecile to keep it in banks and you know it. Quit pulling our leg and go annoy the debunkers.
-- @ (@@@.@), October 17, 1999.
@@@@@,You are the dumbest person I have ever seen. Invest in what? I have millions. Why do I need to invest? I'm living off the interest. Should I invest in the stock market? Let me guess...
@@@@ = asshole, right?
-- (Toomuch$$@the.bank), October 17, 1999.
Get lost idiot troll. You are obviously just trying to bait Andy into a big dispute so that you can insult and attack every suggestion he makes. Go pick on somebody your own size, like a cockroach. LOL!!
-- @ (@@@.@), October 17, 1999.