Daily Dispatches

Newmont raises Normandy offer; Anglo won''t keep bidding

Section:

'MIDAS' COMMENTARY FOR DECEMBER 27, 2001

By Bill Murphy
www.LeMetropoleCafe.com
December 27, 2001

Gold $277, down $2.10
Silver $4.45, down 9 cents

Thirty-three months after the opening of
www.LeMetropoleCafe.com, the Gold Cartel is still
banging away at the gold price. Back then their "Guns
of Navarone" began blazing with selling barrages around
$290. Afraid of allowing gold to trade anywhere near

Newmont''s acquisition of Normandy seen putting a floor under gold

Section:

By Darren Schuettler and Sophie Hares

JOHANNESBURG/SYDNEY, Jan 3 (Reuters) -- Newmont Mining
looked poised to win a takeover battle for Australia's
Normandy Mining with a sweetened bid on Thursday, as
AngloGold Ltd refused to up its latest offer.

U.S.-based Newmont had earlier boosted the cash element
of its offer by 10 Australian cents per share, with the Normandy
board recommending the A$4.3 billion (U.S. $2.2 billion) offer.

AngloGold raises bid for Normandy, cites cooperation with Barrick

Section:

By Bill Murphy
www.LeMetropoleCafe.com
December 19, 2001

The following documentation and statements were presented
in Reg Howe's lawsuit in U.S. District Court in Boston against
the Bank for International Settlements, Fed Chairman Alan
Greenspan, New York Fed President William J. McDonough,
J.P. Morgan & Co. Inc., Chase Manhattan Corp., Citigroup Inc.,
Goldman Sachs Group Inc., Deutsche Bank AG, and former

ESF admits working with Fed to keep close watch on gold

Section:

By Walter Watson

SYDNEY, Dec 27 (Reuters) -- South Africa's AngloGold Ltd hit back
against Newmont Mining Corp in the battle for Normandy Mining Ltd
on Thursday, boosting its bid by 10 cents cash a share to value the
Australian gold miner at about A$4.1 billion (US$2.1 billion).

However, at the close of Australian trade the offer still valued
Normandy at only A$1.83 a share, compared to Denver-based

Bank of Italy accounts show evidence of gold swap deception

Section:

11p ET Monday, December 17, 2001

Dear Friend of GATA and Gold:

GATA consultant Mike Bolser has discovered that something
big is happening with J.P. Morgan's gold derivatives as
reported to the U.S. Office of the Controller of the
Currency. Mike's analysis is described in a new posting
at Reg Howe's Internet site, here:

http://www.goldensextant.com/Charts.html#anchor161737

Morgan''s gold position is being hidden; and more on Godsell''s comments

Section:

10:24p ET Sunday, December 16, 2001

Dear Friend of GATA and Gold:

Our friend Jay Taylor of J Taylor's Gold & Technology Stocks
newsletter reports that U.S. Rep. Ron Paul believes that the
Exchange Stabilization Fund is intervening in the gold and
silver markets and that he is drafting legislation to forbid
it. Read about it here at www.Gold-Eagle.com:

http://www.gold-eagle.com/gold_digest_01/taylor121701.html

Helpful comments from AngloGold''s Godsell, and heartfelt thanks from S. Africa

Section:

Battle for Normandy sets the scene
for a shift in power in the gold industry

By Nic Hopkins
London Times
December 14, 2001

http://www.thetimes.co.uk/article/0,,37-2001575099,00.html

Bobby Godsell, the chief executive of AngloGold, was
not in the least bit happy. The man in charge of the
world's biggest gold company should have been basking

Essay in Barron''s protests Fed''s shredding its minutes

Section:

6:05p ET Sunday, December 16, 2001

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's dispatch this evening mentioned
briefly something of great encouragement to us: a nine-page
special report in the December issue of the New African
magazine about GATA and the suppression of the gold price.

The report includes the full text of Murphy's speech to the
GATA African Gold Summit in Durban, South Africa, last May,

A few souvenir Krugerrands from Durban Roodeport Deep are still available

Section:

9p ET Sunday, December 16, 2001

Dear Friend of GATA and Gold:

The Mexican industrialist and patriot Hugo Salinas Price,
a longtime GATA supporter, got onto national television
in Mexico a couple of weeks ago for an interview advocating
the remonetarization of silver in that country.

Price was explaining and warning about dollar imperialism
long before GATA was even founded, and his analysis of

Rep. Paul would outlaw ESF intervention in metals markets

Section:

By Michael Weir
The West Australian
http://www.thewest.com.au/20011217/business/tw-business-home-
sto36656.html
December 17, 2001

North American gold miners Barrick Gold and Homestake
Mining have wrapped up their $US2.3 billion ($4.43 billion)
merger, clearing the way for the expanded Barrick to enter
the battle for Normandy Mining.

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