Daily Dispatches

GATA now accepts contributions by credit card on the Internet


By BILL MURPHY, Chairman
Gold Anti-Trust Action Committee Inc.
August 19, 2001

While it is important to discuss gold price fixing problem on the
Internet, it is more important to DO something to correct it. That
means writing your U.S. representative and senators, asking them to
go to Treasury Secretary Paul O'Neill for answers to specific
questions -- such as to the meaning of the disappearing Special

Don''t just discuss and argue; get out there and DO something


By Michael Kosares
August 18, 2001

Steve H. writes: "It seems that there is no end to the
confusion over Special Drawing Rights. Is it the
International Monetary Fund gold controlled or held by
the United States that is encumbered? Is it U.S. gold
that is encumbered? Or is it Exchange Stabilization
Fund gold, which is not part of the IMF or U.S. gold,
that is encumbered? Or is all the yellow stuff

On the Turk hypothesis, the gold-lending business, and the future of gold


9:48a ET Saturday, August 18, 2001

Dear Friend of GATA and Gold:

GATA consultant Michael Bolser has found that the rules
of the International Monetary Fund in regard to gold
are contradictory, putting the IMF in the gold lending
business even as they forbid that business to the IMF.
His memo to a financial journalist follows. The chart
contained in the memo cannot be reproduced here, but it

IMF rules both provide for and forbid gold loans and swaps


Lawsuits Continue To Pursue Summers After Leaving D.C.

By David H. Gellis
Crimson Staff Writer
The Harvard Crimson
Cambridge, Mass.

Currency bearing University President Lawrence H. Summers'
signature isn't the only lingering reminder of his time as
Treasury secretary. This week a U.S. District Court judge
in Boston scheduled an October 9 hearing on a motion to
dismiss a lawsuit that names Summers as a defendant.

Larry Summers can run but he can''t hide from GATA


10:22p ET Thursday, August 16, 2001

Dear Friend of GATA and Gold:

Tim Wood's excellent new essay, "Seal the
Next Contract with America in Gold," is now
on the home page of The Mining Web. You
can find it here:


The previous links sent tonight aren't working

CHRIS POWELL, Secretary/Treasurer

New locator for Tim Wood''s new essay at The Mining Web


8:06p ET Thursday, August 16, 2001

Dear Friend of GATA and Gold:

TheMiningWeb.com gets better and better. There's some
fine reporting there tonight, but let me call your attention
particularly to Tim Wood's latest essay, "Seal the next
Contract with America in gold":


Seal the next Contract with America in gold


4:55p ET Wednesday, August 15, 2001

Dear Friend of GATA and Gold:

Here's a CBS MarketWatch story today quoting our friend
John Mesrobian about the campaign to keep gold down.
The more it gets out into the open, the less successful it
will be.

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

* * *

Metals issues climb; prices weaken

By Myra P. Saefong

Dollar needs external price link, like you-know-what, Calendra writes


4:30p ET Wednesday, August 15, 2001

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy this morning issued a press
release about GATA consultant James Turk's recent
discovery about the disappearing SDRs. The release
got very good distribution through Business Wire and
good notice throughout the financial business, including
posting by Bridge News and CBS MarketWatch. The
release is below.

GATA press release publicizes Turk discovery of missing SDRs


4:25p ET Monday, August 13, 2001

Dear Friend of GATA and Gold:

Brien Lundin, executive editor of Gold Newsletter, has included
in his August issue some supportive commentary that we at
GATA especially appreciate because it recognizes the great
political and ethical purpose of gold in the world economy.

Lundin's commentary is reproduced below, with permission.

But Lundin's support goes much farther. He has invited GATA

Campaign to suppress gold is getting more exposure


By Thom Calandra
August 15, 2001

NEW YORK (CBS.MW) -- It was a small step for Richard Nixon and a
giant leap backwards for the global monetary system.

When the U.S. president severed the price link between the American
dollar and gold 30 years ago today, White House advisers figured
they had discovered the path to shock-free economic growth. What
followed, instead of the stable consumer prices, low interest rates

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