Daily Dispatches

Bullion banks'' bets against gold are getting noticed


By Thom Calandra
Friday, May 24, 2002

SAN FRANCISCO -- As gold -- and silver -- prices keep
steamrolling higher, the bandwagon for metal investment
vehicles is getting larger.

The audience of individual investors learning about metals
investing for the first time, or for the first time in a
long time, is growing rapidly. Conference directors report
swelling interest in gold-oriented shows such as the 2002

James Turk''s GoldMoney.com featured by CBS.MarketWatch.com


11:22a ET Tuesday, May 28, 2002

Dear Friend of GATA and Gold:

The story below from the Daily Mail in Britain is interesting
for showing that GATA's story about the bullion banks' big
short position in gold and the resulting manipulation of
the gold price is breaking through even to mainstream
news organizations. Meanwhile, the gold price seems to
be reflecting this growing awareness. One has to suspect

Metals bandwagon is growing as silver gains with gold


11:12p ET Thursday, May 23, 2002

Dear Friend of GATA and Gold:

There's some fine reporting tonight at TheMiningWeb.com
about the London conference of mining industry analysts,
which a delegation from GATA is attending.

There are two articles:

1) Washington gold pact must go


Reports on GATA''s role at the London conference of mining industry analysts


12:53p ET Thursday, May 23, 2002

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy reports that the
GATA delegation "stunned" the mining industry
analysts conference in London today with a
presentation about the official sector short
position in gold and the suppression of the
gold price by central banks.

The GATA delegation includes Reginald H.
Howe, James Turk, Robert K.Landis, and the

GATA presentation stuns London mining analyst conference


9:12p ET Wednesday, May 22, 2002

Dear Friend of GATA and Gold:

The secretarial help here at GATA headquarters isn't
what it used to be, so you've just been sent in error
some text involving what I do in my other life, in the
newspaper business in Connecticut. Please forgive
the distraction.

You were meant to receive an advisory about
TheMiningWeb.com's report that GATA's great
friend, Durban Roodeport Deep, is issuing new

Durban reported issuing shares to close hedge book early


By Thom Calandra
May 21, 2002

SAN FRANCISCO -- Gold's sharp rise is boosting the
6-year-old Gold Bugs Index of unhedged miners much
more than its larger counterpart, the 13-year-old
Philadelphia Gold and Silver Index.

In a day, as the price of spot gold surpassed $315,
the Amex Gold Bugs Index (HUI) rose 11 percent vs.
a 3.1 percent gain for gold. The Gold Bugs Index,

New commentary by Reg Howe on gold price suppression


Noon Tuesday, May 21, 2002

Dear Friend of GATA and Gold:

Our consultant Reginald H. Howe, proprietor of
www.GoldenSextant.com, has just written a great
essay about the increasingly troublesome
suppression of the gold price. It's beautifully
illustrated with some important price charts. You
can find it here:


CHRIS POWELL, Secretary/Treasurer

Different gold share indexes track unhedged producers'' lead over hedgers


From "Midas" commentary for Tuesday, May 7, 2002
Copyright 2002, www.LeMetropoleCafe.com
Used by permission

By Bill Murphy
May 7, 2002

This morning I received a phone call from the best of
sources in South Africa. The source has a friend who
spent some time recently with two J.P. Morgan Chase
senior bankers. The friend was told by the Morgan
people that they have "lost control of the gold market

Bigger money flowing into gold, and GATA''s Murphy gets some credit for it


By Thom Calandra
May 20, 2002

SAN FRANCISCO -- When the saints come marching in, you
want to be in their number.

The gold market, surging Monday, is luring large investors
stymied by low or negative returns in their core stock-market
holdings. Managers of $100 million or more are establishing
hundreds of new positions in Placer Dome Gold, Anglogold,
Gold Fields, and Newmont Mining, the world's largest gold

GATA chairman prepares for mining analyst conference in London


Sunday, May 19, 2002

Dear Friend of GATA and Gold:

I am spending my weekend preparing for the
mining analyst conference in London next
coming Thursday. What fun!

Many GATA supporters are coming to this
conference from all over the world. I am
especially looking forward to meeting the
famed novelist Arthur Hailey, who has done so
much for GATA. What a thrill it will be for
me to meet him!

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