Daily Dispatches

GATA chairman to be interviewed on South African radio


9:29p ET Sunday, May 20, 2001

Dear Friend of GATA and Gold:

Gold-Eagle has a great new essay by Jay Taylor
that explains what might well be called the
GATA rally in gold. You can find it here:


CHRIS POWELL, Secretary/Treasurer

More commentary on the gold rally


By Bill Murphy
May 21, 2001

Gold $284.05 down $2.10
Silver $4.53 down 2 cents

First the important gold market news, which is the GATA
news. There is no doubt in my mind that some very, very
big financial types are very aware of GATA, our GATA
African Gold Summit, and Reg Howe's lawsuit.

They have been buying for more than a month now. That
is why gold has been trading differently. These big-

Jay Taylor explains the GATA rally in gold at Gold-Eagle


Gold soars in classic investment 'squeeze'

By Allan Robinson
Mining Reporter
The Globe and Mail, Toronto
Saturday, May 19, 2001

The price of gold soared $13.80 (U.S.) an ounce in a
surge of afternoon trading yesterday to close the day
at $287.80.

The upward swing came abruptly after lacklustre trading
throughout the morning, traders said.

AngloGold''s Godsell becomes president of World Gold Council


1p ET Saturday, May 19, 2001

Dear Friend of GATA and Gold:

Mark Wellesley-Wood, chairman of Durban Roodeport Deep,
has written an essay supporting GATA in the company's May
2001 newsletter for shareholders and investors. GATA is
delighted to share it with you below, with the greatest
gratitude,for GATA simply would not have gotten started
in 1999 nor succeeded with our GATA African Gold Summit

The gold game: Hedging inventory risk


12:39a ET Sunday, May 21, 2001

Dear Friend of GATA and Gold:

Thanks to our friend who spotted and forwarded the article
below from a major German daily newspaper, and to our
friend who translated it. While I get the sense that the
newspaper simply hasn't been listening to much of what
we have been saying and has no command of the details,
that's probably not very important. No, what's probably

Gold soars in classic investment ''squeeze''



By Bill Murphy
May 20, 2001

Gold $286.50 up $12.65
Silver $4.55 up 8 cents

On Friday I informed you that it was the bullion
dealers and trade that ran up the gold price after it
broke above $275. I explained that it was clear to me
that once the dealers saw the Gold Cartel losing, they
panicked -- for they know what is coming down the road.

German newspaper article is skeptical, but who cares?


12:15a ET Sunday, May 20, 2001

Dear Friend of GATA and Gold:

There's an encouraging note in the following Reuters
story about the election of AngloGold CEO Bobby
Godsell as president of the World Gold Council: some
recognition that gold is money, not just jewelry, and
that developing nations need a currency alternative
to the U.S. dollar. This just may be something for
us to build on with the WGC, which lately has shown

Greenspan and bullion dealer panic over gold


By Don Luskin
Special to TheStreet.com
May 18, 2001
Originally posted at www.RealMoney.com


I wrote Thursday that we had taken a position in a couple
of gold stocks: Newmont Mining and Homestake Mining. It's
been more than 20 years since I've traded gold stocks;
doing it again took me back to my earliest days of trading

Durban Roodeport Deep supports GATA again and again


By Alden Bentley

NEW YORK, May 18 (Reuters) -- New York gold and silver
futures paraded to new highs after London closed on
Friday, chased by speculators who flipped stale bearish
positions into bets on further gains, dealers said.

The active June gold contract turned morning slippage into
a stunning 5 percent gain after midday, officially ending up
$13.80 at $287.80 an ounce, its highest since Sept. 28, 2000.

"It takes a monumental event to get gold moving like this"


By Lisa Sanders
May 18, 2001

NEW YORK (CBS.MW) -- Gold futures prices leaped more
than 5 percent to a nine-month high Friday as speculation
about inflation and the possible end to central bank sales
of the precious metal pushed it past a key technical level
and sparked an afternoon rush among traders.

June gold futures rose by $13.80 to settle at $287.80 an
ounce on the Commodities Exchange division of the New

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