Jan. 13, 2004 - Gold $423.50Jan. 13, 2004 - Gold $423.50 - Platinum $857.00 - Silver $6.56
GATA Love That Silver
When you cannot make up your mind which of
two evenly balanced courses of action you
should take -- choose the bolder.
... William Joseph Slim
GO GATA!!
Gold was under pressure all of last evening and
all during the Comex session.
It mattered little that the dollar was fairly
weak early this morning.
The Gold Cartel folks are desperately trying to
take Gold below $420 and to keep it from taking
out $430.
They did manage to knock bullion to $422.20, where
it hit a stone wall. Considering the effort put
in to break Gold down technically, the close
wasn’t too bad.
The Gold Cartel is huffing and puffing, but I don’t
think they will be able to blow the house down.
Silver continues to maintain its very firm tone.
It was bashed to $6.47 when the cabal crowd attacked
Gold, but it came right back, jumping 4 cents late
to return to the unchanged level.
Have some new silver input for you from one
of our sources.
It comes out of the Middle East.
Veteran Café members will remember what this Café
member sent us concerning huge hedge fund
Gold buying a ways back:
Dear Bill
You will probably remember that when the Gold was
struggling with the $325 I sent you information
that a big European fund which bought
2.6 billions worth of Gold.
This information came to me from a friend, a
banker which took an active part of the
purchasing process hence was total 100% reliable.
At the time, the fund's target was $380 at
which point it intended to exit.
Well, they are still in.
But, he now tells me that this fund switched some
of it's Gold to silver in the first 10 days of
January - worth 250 millions dollar.
Searching the world they couldn't find the
40 millions silver ounces they wanted, so some
of it went into derivatives.
Thank you for all the work you are doing.
So far you are spot on.
D
Silver should be ready to make a run
for $7 fairly soon.
With buyers like the one above, Buffet, etc.,
it is going to be hard to break silver down.
More and more big league buyers want in.
The Gold open interest rose 4181
contracts to 304,406.
The silver open interest only dropped 544
contracts to 110,596.
GATA BE IN IT TO WIN IT!
The Crystal ball ~
~ Video Clip from GATA about GOLD ~
https://www.smartstox.com/interviews/gata.html
DD: Eurasia Gold Corp. (EGX:TSX-V)
Email: eurasia@eurasiagold.com
Website: https://www.eurasiagold.com
imo, All the Best! /W
