Daily Dispatches

Midas commentary for May 4, 2000

Section:

3:40p EDT Thursday, May 4, 2000

Dear Friend of GATA and Gold:

A few minutes ago the XAU was up 4.6 percent and
Barrick Gold, ABX, the hedge fund that masquerades
as a gold miner, was running from even to DOWN a
third of a percent. Some would call this irrational, but
not us at GATA. And if the markets are going to be
irrational, they might as well be irrational on our side
once in a while. In any case gold is getting attention

XAU way up but Barrick is down

Section:

1:40a EDT Thursday, May 4, 2000

Dear Friend of GATA and Gold:

A delegation from the Gold Anti-Trust Action Committee
will be in Washington next Tuesday for appointments
with high officials of Congress about the manipulation of
the gold market. In addition, we have an appointment with
the chief economist of the Senate Banking Committee
and key committee staff members. The document GATA
has prepared, titled "The Gold Banking Derivative Crisis,"

Barrick chief expects 20 percent rise in gold price

Section:

Copyright 2000, www.LeMetropoleCafe.com
Not to be reproduced without permission
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Midas commentary for May 4, 2000

By Bill Murphy
www.LeMetropoleCafe.com

Spot gold $279.90, up $2
Spot silver $5.10, up 10 cents

Technicals

The $2 rule again. Gold spiked early today, running up
over $4, only to be beaten down by Chase and Morgan.

House of Morgan: From gold bugs to paper hangers

Section:

11p EDT Tuesday, May 2, 2000

Dear Friend of GATA and Gold:

I don't know exactly what's going on with the index
of major gold mining shares on U.S. exchanges, the
XAU, which rose nearly 10 percent today even as
Switzerland was confirming its plans to sell gold,
but the observations of a few others elsewhere may
bear repeating in one place:

-- Reginald H. Howe of www.GoldenSextant.com

GATA goes to Washington next week

Section:

11:15p EDT Wednesday, May 3, 2000

Dear Friend of GATA and Gold:

Reg Howe of www.GoldenSextant.com has analyzed the gold
derivative position of Morgan Guaranty Trust Co. and
concludes that the firm has taken on so much exposure
as to suggest that it has done so with government
encouragement. Howe's essay follows but the columns in
the chart it contains may not line up properly in email
or on the GATA web site. If they don't, you can view

Midas commentary for May 2, 2000

Section:

An alert to the gold world (second of two parts)

Jan. 7, 1999 -- 12 major banks chaired by Goldman
Sachs and JP Morgan today formed a "Counterparty Risk
Management Group" with the intent of enhancing best
practices in credit and market risk management. The
policy group will develop standards for strengthened
risk management practices.

Jan. 12, 1999 -- The Goon Squad acted right on cue.

Others are starting to sound like GATA

Section:

Copyright 2000 www.LeMetropoleCafe.com
Not to be reproduced without the author's permission
-------------------------------------------------------

Midas commentary for May 2, 2000

By Bill Murphy
www.LeMetropoleCafe.com

Spot gold $275.40, up $2.20
Spot silver $5.01, 1 cent

Technicals

Break those chains! Gold is a SCREAMING BUY. Only the
shackles of the Black Knights are keeping the price of

An alert to the gold world, Part 2

Section:

An alert to the gold world (first of two parts)

By Bill Murphy
Chairman, Gold Anti-Trust Action Committee
Proprietor, www.LeMetropoleCafe.com

April 29, 2000

This is an "ollie ollie in free" call to the gold
world. GATA is going to meet with some of the most
powerful politicians in Washington about our view that
the gold market is being manipulated and that many
innocent people around the word, especially the poor

An alert to the gold world, Part 1

Section:

Copyright 2000, www.LeMetropoleCafe.com
Not to be reproduced without the author's permission.
-------------------------------------------------

Midas commentary for April 29, 2000

By Bill Murphy
www.LeMetropoleCafe.com

Spot gold $272.80, down $3.40
Spot silver $4.95, unchanged

It took me an extra day to get this commentary done.
Nobody wanted to hear about gold's miserable

Midas commentary for April 29, 2000

Section:

Copyright 2000 / www.LeMetropoleCafe.com.
Not to be reproduced without the author's permission
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MIDAS COMMENTARY FOR APRIL 26, 2000

By Bill Murphy
www.LeMetropoleCafe.com

Gold and silver were both hit again today with Goldman
Sachs starting off the action to the downside.

Yesterday I was told by Cafe sources that Goldman Sachs
would probe that downside in the gold pits and if they

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