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Nov. 18 - Gold $396.70 - Platinum $772.00 - Silve


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#1 goldsmith

goldsmith

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Posted 18 November 2003 - 11:22 PM

Nov. 18 - Gold $396.70 - Platinum $772.00 - Silver $5.35

Extraordinary!!!

"Continuous effort, not strength or intelligence,
is the key to unlocking our potential."
-- Liane Cardes

I have followed and traded the commodities markets
since 1975.

Without a doubt, today was one of the most extraordinary
days I have seen in all that time.

I say so because of the way Gold and silver reversed
course so quickly after yesterday.

NEVER have I seen Gold, and or silver, do such a reversal
in one day.

Not one time in the last 7 years.

Maybe a few days later Gold has rallied back
limply after a bashing like yesterday, but it
never roared back like this the very next day.

Always, Gold has needed TIME to recover -
probably because The Gold Cartel was always in
control.

Not for much longer.

The scene was set early last evening as Gold rallied
as much as $2 in Asian trading.

It came in higher in the US and never looked back.

The catalyst today was The Gold Stalker and a
VERY weak dollar.

The dollar was trounced, falling 1.26 to 90.41.

The euro soared to 119.39, up a whopping 1.82.

Meanwhile, the physical Gold market was very firm.

The swooning US dollar – UGLY!
http://futures.tradi...com/chart/US/C3

A stunner:

Yesterday’s Gold open interest ROSE, instead of
liquidating like most of us thought it would.

That also would have been the norm.

Instead it rose 707 contracts to 294,557.

Today’s dramatic surge suggests it is the shorts
who have the weak hands.

It is hard for me to imagine Gold not clearing $400
in the next few days.

Not only is the physical Gold market in good shape,
Gold has a wind at its back with:

*the dollar caving in
*Oil at $33.28 per barrel, up $1.55
*the stock market finally rolling over

OK, the funds were massive sellers yesterday.

That had to be liquidation.

So who were the buyers?
The Stalker and friends!!!! Will they pounce on Gold
in the overseas market this evening and catch
the cabal sleeping?

Time to overrun their night patrol.

Morgan Stanley was The Gold Cartel member who kept Gold
capped around $397 today.

Word is they have a significant option position
at $400 and above.

They are very short.
Please spread the word everywhere you can.

It’s about time they are carried out on GATA’s stretcher.

While today’s action was exhilarating, I am sick and
tired of the $6 rule.

Groundhog Day is a drag.

Maybe when we talk out $400, The Gold Cartel will
have to give up on that one.

Stiff Morgan, stiff Morgan, stiff Morgan!!!!

Second highest Gold close in 7 ½ years:
http://futures.tradi...com/chart/GD/C3

Silver has to be the cheapest commodity going.
It is SO undervalued.

Gold left a small gap today, but there is none
silver to fill. Good news.
Silver tends to fill gaps more than Gold does.
Can’t see silver staying below $6 too much longer.

Silver did liquidate yesterday with the open
interest falling 2707 contracts to 109,055.

Still five days left before the DEC options expire.
There are hundreds of thousands exposed written call
positions above the market.

Will the criminals be able to keep Gold below $400
before they go off the board?
Hard to say.
We saw what they were capable of doing yesterday.
My guess is they are in DEEP trouble!

The John Brimelow Report

Tuesday, November 18, 2003

Indian ex duty premiums: AM $4.58, PM $5.66, with world gold
at $393 and $391.40.
Questionable, and adequate, for legal imports.
This is basis Bombay.
The picture in India is mixed, with some cities reporting
prices permitting legal imports and others not.
Given the recent rise in world gold, this is an
impressive performance, and bad news for Bears.

For what it is worth, the Shanghai Gold Exchange reports
gold prices today which have moved back to small
premiums over world gold.
One of the major state Banks in China started offering
retail gold to the public today for the first time.
See

http://sg.biz.yahoo....8/16/3fzaq.html

For once, TOCOM displayed some interest in gold,
which of course at the opening was $6 lower than
Monday’s Tokyo close and over $8 below the high.
Mitsubishi reports buying by the public; open
interest rose the equivalent of 3,003 Comex lots
on volume equal to 43,343 Comex lots (down 33%
from Monday’s abnormally heavy trade).
The active contract closed down 24 yen and world gold
went out at $393, up $2.25 from NY’s last.

Mitsubishi says
"Constant overseas dealers’ Loco Ldn Gold selling were
absorbed by… Tocom."

So the immense selling effort continues.
Gold in NY yesterday traded a huge 92,828 lots, but open
interest actually rose 207 lots, suggesting that there
was heavy short selling.

This is certainly what today’s violent reversal suggests.
Comex estimates 25,000 contracts traded between 10 & 11 am,
with gold rising from $392 to $394, about the highest
mid-day volume I can recall.

The ECB today week reported a 10 tonne sale last week –
double the recent pace in the face of gold’s rise,
which it did not stop.
The web site www.thebulliondesk.com reports extremely
heavy traffic and www.lemetropolecafe.com an unusual
spurt of new subscribers.
The defenders of $400 look likely to be hard pressed.
JB

I can hear a loud sucking sound out there calling
for Gold to climb to $400 and run from there.

The GOLD derivatives are Primed-EXPLODING and we
might just GO*^^^^^

- straight to and through not only $400 but $500,
$600, $700 and UP...

That is how it happened at the end of 1979.

GOLD Stocks will be the way to riches.
"hold for the long-term,"
"and you’ll be rich."

Gold will be seen as the answer
to economic freedom...

CALVF has more than 250 sq.km PM prime land
within the famous Bushveld Platinum Complex
Structure the most attractive land
for Platinum exploration and its land is
less than 10% explored for Gold and less
than 1% or hasn't been explored for
Platinum...
with any modern high tech.-geol...

CALVF is debt-free and own more land in
the Bushveld Geo. Formation than most large
Platinum mining corporations
and CALVF has just started the drilling on one
Platinum target ANGLO PLAT. said is most likely
that the Ore-structure from the largest Platinum
mine in the world continue in on Caledonia's
land holdings...

Platinum $760.00/oz
http://quotes.ino.co...=15&a=50&v=dmax

Got Caledonia Precious Metal Shares?

The historic investment opportunity of
a lifetime is still in play.

For investors looking to jump on board,
you have a gift.

GOT TO BE IN IT TO WIN IT! and
WE ARE GOING TO WIN IT!

The Gold chart is very constructive:

http://quotes.ino.co...=15&a=50&v=dmax

Gold stocks will shine after bullion prices hit
a seven-year-high in London...

A GOLD SHARE BUYING PANIC IS COMING...

There is no way the little Gold share market will be
able to handle this buying without the shares SOARING,

***To The Moon Alice, To The Moon!***

CALVF: Oversold / Undervalued

http://www.contraria...m/Triangles.htm

..market makers brokers/mafia-shortselling -
makes life time opportunity in...

Caledonia's Gold, Platinum, Colored Diamonds
PM Hard Asset Properties for a bargain!

http://chart.yahoo.c.../c/calvf.ob.gif

mmm-shortsold 200 mil ++ ready to explode
Note. don't let mmm pawns distort or distract
you and don't missout of CALVF...

http://www.caledoniamining.com

The US$ fiat falling off the cliff...

http://www.house.gov...03/pr073103.htm

The US$ fiat falling off the cliff...
U.S. Dollar Index (CEC)
Weekly fiat $$ Price Chart...

Dollar Index Cash (NYBOT:DXY0)...

http://quotes.ino.co...=15&a=50&v=dmax

...lower highs and lower lows...going down hill...

...the fiat US$ & Can$ will only be
worth the paper its printed on?..

http://www.house.gov/paul/

Platinum streaked to 23 year highs*^^^^^
Platinum is the front^runner to GOLD

http://quotes.ino.co...w=15&a=50&v=d12

Long Trend GOLD to the Moon/ BULL VERY STRONG^^^^^

http://quotes.ino.co..._XAUUSDO&v=dmax
you will be on a wild goose chase, if you not
catch it before take^off^^^^^

$Dollar falling off the cliff...
http://quotes.ino.co...BOT_DXY0&v=dmax
its leave-right a rock, bouncing off every ledge,
goes down bellow water\.

The BULLS Live Above 200 Day Moving Average^^^^^

http://ichart.yahoo....my&l=on&z=l&q=c

http://ichart.yahoo....my&l=on&z=l&q=l

CALVF a PM Mine Finder...
http://ichart.yahoo....1y&l=on&z=l&q=l

CALVF has also found the kimberlite pipes
with Gem Quality Diamonds!

* Protect your hard-earned wealth...

* Caledonia Mining Corporation, on the start line^^^^^
* The BULLS Live Above 200 Day Moving Average^^^^^
* CALVF, Repeat The *Mirror Reflextion of 1993 -94^^^^
http://ichart.yahoo....my&l=on&z=l&q=l

* CALVF Gold, Platinum, Diamond TEAM DD..
* Caledonia Min. Corp. has more than 250 sq.km
* PM prime land within the Bushveld Platinum
Complex DD CALVF...
* http://www.caledoniamining.com
* Imo.Tia.Pass It Along>>>

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)