Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="">Archives of [EMAIL PROTECTED]</A>
http:[EMAIL PROTECTED]/ <A HREF="">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED]
To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED]
Om
--- Begin Message ----Caveat Lector- EXCERPT FROM 'MIDAS' COMMENTARY FOR FEBRUARY 6, 2003, AT WWW.LEMETROPOLECAFE.COMCopyright 2003, LeMetropoleCafe.com By BILL MURPHY It has been a long day for me thus far. I am back in Vancouver to make a presentation Saturday at the World Outlook Investment Conference. Love this town. When I boarded the plane, gold had rallied back to just below unchanged. As it was rallying, this news hit the tape: * * * NYMEX upping COMEX gold margins at close Thursday NEW YORK, Feb. 6 (Reuters) -- The New York Mercantile Exchange will raise the amount of collateral required to trade gold futures contracts at its COMEX Division as of the close of business Thursday. Margins on COMEX gold futures will be increased to $1,500 from $1,000 for members, member firms, and hedgers; and to $2,025 from $1,350 for speculative customers, the exchange said in a release issued late Wednesday. * * * The gold war is on in full fury. The "Comex division" is loaded with members of various bullion dealers, who are the big shorts. A number of these folks have been part of the Gold Cartel all these years. From the Commitment of Traders Report, they know gold is filled with small speculators who are very leveraged. So Comex waited to raise the margin requirement when it would do the shorts the most good. Gold reversed yesterday after reaching $390 in the futures contracts. The open interest had increased to 245,682 on Wednesday. That is the highest since January 13, 1981. It went up 4521 contracts on the big spike yesterday. A 50 percent margin increase is a hefty one. They did not raise it sharply as gold went up, but as gold reversed sharply to the downside, making the specs vulnerable to such a significant margin increase. The Gold War is heating up. The good news for us is that all crooked cabal types are doing is buying time. They are finished. That does not mean we could not get a doozy of a swift, sharp correction. Because the spec position is so large, it could even be dramatic. My thinking is that no matter what happens, the drop will be a quick one and gold will shoot right back up. There is too much power behind the move and too much physical market demand for gold to stay down for very long. Besides, the massive, trapped shorts will have to cover when they can. This may be their last chance to do so before the inevitable gold- buying panic kicks in. -END- Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/ <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance�not soap-boxing�please! These are sordid matters and 'conspiracy theory'�with its many half-truths, mis- directions and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om--- End Message ---
