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National Post: Gold at $1,000? Anything seems possible now
9:23p ET Sunday, December 11, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, author of the "Midas"
column at his proprietary Internet site,
LeMetropoleCafe.com, just dispatched the following
alert to his subscribers.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
GOLD UP $5 IN TOKYO
The February Comex gold contract, which is the nearby
pivotal one now on the continuation charts, has taken out
its high of 1981 of $535 on a quarterly basis. This
breakthrough is of big-picture importance. What is of note
is that the next significant resistance for gold on a
quarterly basis on the continuation charts is all the way
up to $612.
Frank Veneroso confirmed tonight what Midas and GATA
have been saying for some time. The Gold Cartel has lost
control of the gold market. This was also confirmed to us
the other day by someone who once sat on the board of
one of the 12 regional Federal Reserve banks. This
former board member has loaded his own boat with
physical gold and expects the price to reach $900 to
$1,000 in three years. This is a conservative banker.
One of the most critical dynamics of the gold market at
the moment confirms what GATA has said all along --
and what no one in the mainstream gold world will even
admit exists. There is a MASSIVE Gold Cartel short
position, which the cartel cannot get out of. The bums
are trapped. These white-collar thugs who have violated
U.S. anti-trust laws for so many years have cooked their
own goose.
I sent the following today to Ted David of CNBC, which,
I know, is like dropping into black hole, but we in the
GATA army have to keep up the old college try. I
included the Russian/Gold Rush 21 stuff I have been
pounding away on for weeks ... and these notes:
-- Since Gold Rush 21 gold has risen $95, yet the
dollar has risen from 87 to 91 and oil has fallen from
$68 to $60 per barrel. Almost no one thought that
possible a year ago. The key to the gold market is
surging physical market buying overtaking the Gold
Cartel's ability to suppress the price.
-- For years GATA has said that the price of gold could
rally $100 and the dollar do nothing as the Gold Cartel
lost control of their price-rigging scheme. Few others if
anyone else thought that possible. But that is what has
happened.
-- The central banks have less than half the gold they say
they have. Over the last decade they have surreptitiously
lent out this gold to suppress the price. This calculation
is based on studies by three GATA consultants.
-- One of the major factors in the gold market today is the
gold short position -- more than 10,000 tonnes in a market
with a 1,500 tonne yearly supply deficit and only 2,500
tonnes per year coming out of the mines. The shorts are
trapped; they cannot get out. There are mega-derivatives
tied to those shorts. GATA knows this because of the
derivative numbers recorded by the Bank For International
Settlement derivatives numbers.
-- A gold derivatives neutron bomb will go off. It could
happen at any time.
-- Price prediction: Adam Fleming, former chairman of
Harmony Gold and now chairman of Wits Gold, said at
Gold Rush 21 that he is looking for $3,000 to $5,000 per
ounce. I concur.
BILL MURPHY
LeMetropoleCafe.com
----------------------------------------------------
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RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
http://www.cbs.marketwatch.com
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.capitalupdates.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kereport.com
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
http://www.resourceinvestor.com
http://www.goldpennystocks.com/
Subscription sites:
http://www.lemetropolecafe.com/
http://www.interventionalanalysis.com
http://www.investmentindicators.com/
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
http://www.blanchardonline.com
Centennial Precious Metals
Box 460009
Denver, Colorado 80246-0009
1-800-869-5115
http://www.USAGOLD.com
Michael Kosares, Proprietor
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
http://www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
http://www.eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Gold & Silver Investments Ltd.
Mespil House
37 Adelaide Rd
Dublin 2
Ireland
+353 1 2315260/6
Fax: +353 1 2315202
http://www.goldinvestments.org
info@gold.ie
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
http://www.gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
http://www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Lone Star Silver Exchange
1702 S. Highway 121
Suite 607-111
Lewisville, Texas 75067
214-632-8869
http://www.discountsilverclub.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
http://www.mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
http://www.buysilvernow.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
The Moneychanger
Box 178
Westpoint, Tennessee 38486
http://www.the-moneychanger.com
Franklin Sanders
1-888-218-9226, 931-766-6066
----------------------------------------------------
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