Friday, December 15, 2006

Special Report - The Manipulation of Gold with Bill Murphy of GATA.org, Savant, Mark Faulk and Debi Kiontke

The James Joyce Table
Midas du Metropole Topic du Jour

December 15 - Gold $614.60 down $11.50 - Silver $12.81 down 98 cents

A MIDAS For Fans Of Political Incorrectness … "Know Your Limits""When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." Frederic Bastiat GO GATA!

Another one of those lockdown, swear word days … which turned into a crashing takedown following the London Fixes of $626.00 and $623.75. The farce goes on and on … in the same manner … and by the same people. After early strength which saw gold reach $629 in New York, Morgan Stanley began to bomb the market, offering 500 lots at a clip. $630 was defended all week as The Gold Cartel lay in wait for a Friday afternoon bomb raid. The Gold Cartel attacked early. As the day wore on, the funds were the heavy sellers and the cabal crowd were the buyers. You might like to know that 30 seconds BEFORE the CPI number was released, the euro began to sink fast.

I was dead right about silver exploding, just the wrong way. Well, perhaps imploding would be more appropriate. What a farce this gold/silver mess is … make that travesty.
(continue reading at www.lemetropole.com )

William J. Murphy III is the Chairman of the Gold Anti-Trust Action Committee and owner of www.LeMetropoleCafe.com. A graduate of the School of Hotel Administration at Cornell University in 1968, he went to become a starting wide receiver with the Boston Patriots of the American Football League. Mr. Murphy, who now resides in Dallas, Texas, spent much of his business career in the Futures Industry with such firms as Drexel Burnham and Shearson Hayden Stone. Today, he writes gold market commentary for his financial web site that features the precious metals and contrarian economic analysis. Copyright 1999-2006 LeMetropoleCafe.comAll Rights Reserved

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