Daily Dispatches

PART 2, HOUSE OF COMMONS SOUNDS LIKE GATA

I have already quoted Mr. Greenspan, who said that in
1944 Germany could not buy anything except with gold.
In a real crisis, there is no doubt that gold is
important. It is not just my taxi driver who takes that
view. When I was in Vietnam last year, everybody told
me that every Vietnamese peasant has gold underneath
his floorboards or his straw because the Vietnamese

Part 3, House of Commons sounds like GATA

We will have a better diversified portfolio. We will
not be as concentrated in gold as in the past. At the
moment, we are twice as exposed to movements in the
gold price as to movements in the value of the dollar.
Therefore, it is a simple portfolio decision, designed
to reduce the risk borne by the British taxpayer.

The hon. Members for Louth and Horncastle and for

1p EDT Thursday, June 17, 1999

Dear Friend of GATA and Gold:

Long-Term Capital Management has sent our lawyers a
formal denial of involvement in the gold business,
though its wording is something less than comprehensive.
The following dispatch from Dow Jones Commodities
Service today explains the situation.

As veteran of quite a few libel lawsuits and threats of
lawsuits during my 30 years in the newspaper

9:45p Monday, June 14, 1999

Dear Friend of GATA and Gold:

There's good news and bad news for GATA, but even the
bad news is good.

The bad news, such as it is, is that GATA was
disparaged loudly in a recent issue of the Gartman
Letter, a major commodities market publication. Here's
what the Garman Letter had to say:

quot;The Gold Anti-Trust Action Committee (GATA), a
gathering of disgruntled gold bulls, is in the news