Daily Dispatches

Text of Murphy talk on S. African radio

Section:

11:35p EDT Tuesday, October 5, 1999

Dear Friend of GATA and Gold:

I'm sending you the whole of GATA Chairman Bill
Murphy's "Midas" commentary tonight at
www.lemetropolecafe.com in the hope of letting
everyone know that any momentary calm in the
gold market only masks the panic that continues
backstage. The short squeeze is just beginning.

Please post this as seems useful.

Panic buying in Australia

Section:

12:05a EDT Tuesday, October 4, 1999

Dear Friend of GATA and Gold:

If this comes to you as an attached file and you don't
like downloading those, as I don't, you can read it on
the Internet at:

http://www.egroups.com/group/gata/232.html?

A few hours ago GATA Chairman Bill Murphy issued this
letter to his subscribers at www.lemetropolecafe.com,

NY Post credits GATA for Euro CB action

Section:

12:54a EDT Monday, October 4, 1999

Dear Friend of GATA and Gold:

You'll enjoy this article from Sunday's San Francisco
Chronicle. It's probably the best one yet from the
mainstream press about what's happening with gold in
the world economy. I don't mind noting that, as usual
lately, GATA is at the center of it all.

Please post this as seems useful.

CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.

An appeal and a warning

Section:

10:30p EDT Monday, October 4, 1999

Dear Friend of GATA and Gold:

Vincent Cook offers this excellent essay warning of the
chance of default of the fractional gold banking system
operated by the London Bullion Market Association.

Please post this as seems useful.

CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.

* * *

THE OTHER DEFAULT RISK

By Vincent Cook

October 4, 1999

Default risk in fractional gold banking

Section:

9:20p EDT Monday, October 4, 1999

Dear Friend of GATA and Gold:

Yesterday GATA broke into the Sunday San Francisco
Chronicle. Today John Crudele's column in the New York
Post gave us much favorable notice and even mused that
we well may have prompted last week's declaration in
favor of gold by the European Central Banks.

We're not the only ones working for the gold cause and
working to expose the shorts and manipulators. But we

Shorts default on Karachi bullion market

Section:

8:23p EDT Saturday, October 2, 1999

Dear Friend of GATA and Gold:

I bet you're tired of all the good news from me, right?

Think you can handle one more piece? It's from the
Forbes news wire. It quotes James Grant of Grant's
Interest Rate Observer as acknowledging central bank
manipulation of the price of gold, and explains the
huge leverage inherent in gold stocks. Nothing that you
probably don't already know, but it's remarkable how

SA mines plan fatal blow to gold leasing

Section:

12:28a EDT Monday, October 4, 1999

Dear Friend of GATA and Gold:

Here's a good way to start the week: Read these three
important essays at www.Gold-Eagle.com, providing
excellent analysis of the impending bull markets in
gold and silver.

http://www.gold-eagle.com/gold_digest_99/butler100499.html

http://www.gold-eagle.com/gold_digest_99/milhouse100499.html

Vital analysis of impending gold, silver booms

Section:

7:55p EDT Sunday, October 3, 1999

Dear Friend of GATA and Gold:

From this further dispatch from the Karachi newspaper
Dawn, it seems that the suspension of the gold market
there is due to the bankruptcy of the forward sellers
and that they are looking to be bailed out. My guess is
that they called the Federal Reserve in Washington but
Alan Greenspan was already on the phone, arranging a

SF Chronicle smashes gold-carry trade

Section:

12:30a EDT Monday, October 4, 1999

Dear Friend of GATA and Gold:

GATA Chairman Bill "Midas" Murphy has been working
all weekend as usual, collecting intelligence on the
precious metals markets from around the world, and
has filed two more dispatches.

They are very long and I'm not going to post them
here to you, but I'll summarize them and you can
read them in their entirely without charge by taking

Forbes notes leverage in gold stocks

Section:

Noon EDT Saturday, October 2, 1999

Dear Friend of GATA and Gold:

This item from Reuters foreshadows a funeral that we
won't be invited to. Enjoy.

CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.

* * *

LTCM may be out of business,
Fed's McDonough says

By Knut Engelmann

CHICAGO, Oct. 1 (Reuters) -- Long-Term Capital
Management, the huge U.S. investment fund that almost

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