PAGE 2, MIDAS COMMENTARY FOR MAY 12, 1999
"AH: George, you've obviously been watching the
'conspiracy' theorists who believe that every time the
gold price is ready to raise its head, something knocks
it back quite badly. We saw that happening again this
week. In fact last week the gold price seemed to be
heading above $290 and maybe even to $300 before the UK
announcement came out. What's your take on these
9 p.m. EDT Thursday, May 13, 1999
Dear Friends of GATA and Gold:
Here's GATA Chairman Bill Murphy's brief commentary
tonight to members of www.lemetropolecafe.com.
It elaborates on the gold business news we were
Secretary, Gold Anti-Trust Action Committee Inc.
Le Metropole members:
Silver rocketed up 20 cents today and closed at $5.56.
From World Net Daily
Tuesday, May 11, 1999
Trouble in the gold market?
Analysts see move to manipulate prices
By Jon E. Dougherty
c 1999 WorldNetDaily.com
Whether influenced by uncertainties stemming from Y2K
or because global financial markets took a dramatic
turn for the worst, most gold analysts agree that 1998
was a "record year" for sales. So far, in 1999, record
buying has not subsided, according to the U.S.
HARRY BINGHAM COMMENTARY, MAY 10, 1999
Following is a gold report by Harry Bingham,
internationally acclaimed gold expert, president of Van
Eck Institutional Advisers and manager of PIMCO
Precious Metals Fund among other accounts. Furthermore,
he is a well-known speaker of frequent Gold Conferences
in the U.S. and Canada and is often interviewed on
nationally syndicated TV programs.
11:20 p.m. EDT Wednesday, May 12, 1999
Dear Friends of GATA and Gold:
Tonight's Midas commentary by Bill Murphy,
chairman of the Gold Anti-Trust Action
Committee and Le Patron of
www.lemetropolecafe.com, has just been
emailed to you in two parts because of
its length. (I hate having to try to open
Please let me call your attention to Bill's
brief mention of the big developments in the
MIDAS COMMENTARY, MAY 10, 1999
Spot Gold $277.30 down $5.30
Spot Silver $5.40 down 1 cent
Not so fast, Rip Van Winkle. Just as the gold market
was finally stirring up serious bullish commentary all
over the world, it was bushwhacked on Friday as the
shorts had to call in the Bank of England cavalry,to
announce that they are selling 415 tonnes of gold, to
defend "Navarone." The price of gold was sent reeling
GOLD PRICES OK HERE, FOR NOW!
Thu, 06 May 1999
To worry about the current low price of gold today is
the wrong approach since Y2K will take care of these
temporary price issues.
It is my opinion after 2 1/2 years and 3500 hours of
research and lectures that gold prices will have no
problem in advancing this Fall through the year 2000.
The current "short positions" held by banks, and
'Old Lady' swats the gold bugs
Some suspect 'cabal' is
protecting the short-sellers
Saturday, May 08, 1999
By William Hanley
The Financial Post
Pity the poor gold bugs. Just as they are getting ready
to get all caught up in a new wave of excitement about
a gold rally in the making, along comes the mean "Old
Lady of Threadneedle Street" to swat them yet again.
The Bank of England -- headquartered on Threadneedle
LAST CHANCE TO BUY GOLD AT LOW
By Steven Jon Kaplan
Gold Mining Outlook www.goldminingoutlook.com.
5 p.m. EDT, Friday, May 7, 1999.
Buy more gold.
Although the Bank of England announced early Friday
morning that they are selling 415 of their 715 tonnes
of gold, this is likely to be one of the last major
gold sales by central banks. The worldwide recession
recovery, combined with a strong commodities rally,
Saturday, May 8, 1999
Dear Friends of GATA:
I'm sending you along with this two interesting
articles about what happened to gold on Friday.
One is from the Financial Post. The other is
commentary by Bill Murphy, chairman of the
Gold Anti-Trust Action Committee, sent to
members of www.lemetropolecafe.com.
I encourage you to share them with all friends
of gold and to continue to spread the word that