Daily Dispatches

Murphy''s report on GATA trip to Washington

Section:

10:45p EDT Thursday, May 18, 2000

Dear Friend of GATA and Gold:

John Hathaway of the Tocqueville Gold Fund has followed
Reginald H. Howe of www.GoldenSextant.com in analyzing
the huge gold liabilities recently undertaken by J.P.
Morgan & Co. Hathaway concludes that bullion dealers
are completely unprepared for the looming reversal in
the gold market.

I've not been able to reproduce the chart that accompanies

John Hathaway examines Morgan''s gold position

Section:

1a EDT Thursday, May 10, 2000

Dear Friend of GATA and Gold:

On Wednesday the GATA delegation to Washington met
with high officials of Congress and their staffs to present
evidence that the price of gold is being manipulated and
that gold loans have reached levels that threaten the U.S.
and world banking systems. We presented GATA's new
report, "Gold Derivative Banking Crisis," and asked that

Congress gets interested in gold manipulation

Section:

10p EDT Monday, May 8, 2000

Dear Friend of GATA and Gold:

The Battle of Washington is about to commence.

A little more than a year ago the Gold Anti-Trust
Action Committee developed a strategy to win the day
against the manipulators of the gold market. Our
strategy was based on the "enveloping horn" tactic of
the great South African Zulu chieftain, Shaka.

That strategy is working for us as it worked for him.

GATA presents its evidence to Congress this week

Section:

Canada's Barrick sees strong gold prices ahead

LIMA, Peru, May 4 (Reuters) -- Canada's Barrick Gold
Corp. is betting on strong future gold prices in 2000
as world demand for the precious metal improves about
20 percent over 1999, the head of its Peruvian unit
said Thursday.

Driven by increased Asian demand and renewed interest
by investors in gold as an alternative to inflation-
threatened currencies, prices are set to shine, said

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
----------------------------------------------------------------

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.

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