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Daily Dispatches
Other big miners plot dismemberment of Placer Dome
Submitted by cpowell on Fri, 2002-11-08 03:00 Section: Daily DispatchesFinancials weak, Morgan Chase weakest
By Greg Morcroft
CBS.MarketWatch.com
Thursday, November 7, 2002
www.marketwatch.com/news/yhoo/story.asp?source=blq/yhooamp;siteid=yh
ooamp;dist=yhooamp;guid=%7B7A62450C%2D1234%2D47BE%2DBCBE%2D282D053C3007%7D
NEW YORK -- J.P. Morgan Chase shares came under selling
pressure Thursday, despite a denial by the nation's second-largest
bank that it had suffered large losses on gold derivatives.
MineWeb reports on Russell''s pro-gold views at New Orleans Investment Conference
Submitted by cpowell on Fri, 2002-11-08 03:00 Section: Daily DispatchesBy JACQUIE MCNISH AND WENDY STUECK
Globe amp; Mail, Toronto
Friday, November 8, 2002
a href=http://www.globeandmail.comhttp://www.globeandmail.com/a
TORONTO and VANCOUVER -- Placer Dome Inc. shares have
been caught up in a torrent of trading as major mining players
mull possible takeover scenarios.
Industry sources said a number of foreign and domestic mining
companies have privately expressed interest in acquiring some
Gold Fields denies interest in acquiring Placer Dome
Submitted by cpowell on Fri, 2002-11-08 03:00 Section: Daily Dispatches8:09 CT Friday, November 8, 2002
Dear Friend of GATA and Gold:
Tim Wood of MineWeb reports on investment adviser
Richard Russell's gold-bullish comments at the New
Orleans Investment Conference. You can find the
story here:
a href=http://www.mips1.net/mgno.nsf/Current/85256C67003B8C9C42256C6A006987F4ht...
?OpenDocument
No paper is good paper these days, even in money-market funds
Submitted by cpowell on Fri, 2002-11-08 03:00 Section: Daily DispatchesBy Sue Thomas
JOHANNESBURG, Nov 8. (Reuters) -- South Africa's second-largest
gold producer Gold Fields on Friday denied market talk that it is
about to make a bid for Canadian peer Placer Dome Inc, but its
share price still fell on investor concerns.
quot;It's a vicious rumour and there is no substance to it,quot; Gold Fields
spokesman Willie Jacobsz told Reuters.
Gold Fields' share price tumbled 8 percent to a late-session low of
Canada''s National Post joins the questioning about Morgan''s gold exposure
Submitted by cpowell on Fri, 2002-11-08 03:00 Section: Daily Dispatches11:16a CT Friday, November 8, 2002
Dear Friend of GATA and Gold:
The most brilliant analysis of the week may belong to
Michael Kosares of Centennial Precious Metals in
Denver, proprietor of www.USAGold.com, who seems
to have tossed off the commentary below as a casual
aside on his Internet site's forum. If you read only
one thing on the markets this week, read this.
CHRIS POWELL, Secretary/Treasurer
Morgan loses bid for summary judgment in Enron bond case
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily DispatchesGoldman, JPM face 'laddering' action;
SEC cracking down on IPO practice
By Steve Gelsi
CBS.MarketWatch.com
Wednesday, Nov. 6, 2002
NEW YORK -- The Securities and Exchange Commission
notified Goldman Sachs Group and JP Morgan Chase
that it recommended filing civil securities-fraud and
market-manipulation charges against the firms for
directing shares of initial public offerings to clients
Advice from strategists who don''t trust the market
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily DispatchesBy Colleen DeBaise
Wednesday, November 6, 2002
NEW YORK (Dow Jones) -- A federal judge denied J.P. Morgan
amp; Co.'s request for summary judgment in its dispute with
insurers over nearly $1 billion in surety bonds on Enron Corp.
oil and gas contracts.
The ruling, handed down Wednesday by U.S. District Judge
Jed S. Rakoff in Manhattan, clears the way for the case to go
to trial Dec. 2.
Wall Street senses funny business with gold
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily DispatchesStrategists counter market optimists
They advise watching yields, gold, Brazil, and banks
By Thom Calandra
CBS.MarketWatch.com
November 6, 2002
quot;If you don't know who you are,quot; Wall Street author and
trader George Goodman once said, quot;the stock market is
an expensive place to find out.quot;
Not everyone has an identity crisis. Some strategists,
fund managers and investors know exactly who they are
CBSMarketWatch''s Thom Calandra reports from New Orleans Investment Conference
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily Dispatches10:14a ET Thursday, November 7, 2002
Dear Friend of GATA and Gold:
Just moments before Reuters dispatched the
story below, a Dow Jones reporter reached
GATA Chairman Bill Murphy here at the New
Orleans Investment Conference to ask about
rumors that trucks of gold had been seen
speeding from the New York Fed to the
vaults of J.P. Morgan Chase. The rumor
can be only a metaphor, of course --
GATA chairman quoted in CBS.MW story about Morgan Chase weakness
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily DispatchesBy Thom Calandra, Editor
CBS.MarketWatch.com
Thursday, November 7, 2002
a href=http://cbs.marketwatch.com/news/story.asp?http://cbs.marketwatch.com/new...
column=Thom#43;Calandra's#43;StockWatchamp;dist=nwtwatchamp;siteid=mktw
NEW ORLEANS -- The skeptics just don't buy it.
Contrarians -- the folks who refuse to believe the American
economy can stage a lasting rebound this year or next --