Daily Dispatches

Gold Derivative Banking Crisis report is on Internet


By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Wednesday, May 31, 2000

An astute member of www.LeMetropoleCafe.com, Ian Brain
of Australia, alerted me to the following essay by John
Hathaway of Toqueville Asset Management that should be
posted on the Tocqueville web site tomorrow.

Hathaway's commentary is titled, "Conspiracy And The
Gold Market: A Clarification."

Hathaway says gold market is probably manipulated


Franco-Nevada at hub of
gold merger speculation

Mining royalty firm said to show
interest in several companies

By Keith Damsell
Financial Post
(National Post/Canada)
Wednesday, May 31, 2000

The moribund gold sector was buzzing yesterday with
increasing rumours that a major merger or acquisition
is in the works.

Franco-Nevada Mining Corp. Ltd., a Toronto-based mining
royalty firm, is at the centre of much of the

Gold company merger speculation grows


By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
May 30, 2000

Spot gold $272.70, up 60 cents
Spot silver $4.90, down 1 cent

Today I had a conversation with John Mielke, director
of the Market Surveillance Section of the Commodities
Futures Trading Commission, and told him of GATA's Gold
Derivative Banking Crisis report and other material
that was coming his way via overnight mail.

GATA makes new contacts in Washington


By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
May 30, 2000

Today the Dallas Morning News published the first
full story about the Gold Anti-Trust Action
Committee that has appeared in the mainstream U.S.
press in the 15 months since GATA began.

It is fair and balanced, though, for the life of me,
I cannot understand where John Hathaway of the
Tocqueville Fund is coming from with some of his

Dallas Morning News story features GATA


By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
May 29, 2000

Word is finally getting out that something is very
wrong with the gold market. As a result, it is going to
be scrutinized much more closely, and as the facts are
understood, there is going to be a gold price explosion
that few are prepared for or expect.

I thought you might like to know what the Gold Anti-
Trust Action Committeeis planning for the next couple

Washington, Paris, And Then Johannesburg


By Bill Murphy, Chairman
Gold Anti-Trust Action Committee
May 27, 2000

At a time when so many are demoralized about gold,
there is a shining light out there that is trying to do
so much for all of us. He deserves to be heralded.

He is Joshua Wright of

Josh Wright may be likened to some of the most powerful

Let Normandy know it''s rude; and Josh Wright helps gold


9:30p EDT Friday, May 26, 2000

Dear Friend of GATA and Gold:

Having gone through the data posted by the Bank for
International Settlements, Reginald H. Howe of
www.GoldenSextant.com has concluded that, far
from not being money anymore, gold was so tempting
as money to central banks and bullion banks that
they couldn't help but spend it as recklessly as they
could, putting themselves in an impossible situation

Bankers lost all restraint when it came to gold


Copyright 2000, www.LeMetropoleCafe.com
Not to be reproduced without permission


By Bill Murphy

Spot gold $270.40, down $3.10
Spot silver $4.90, down 7 cents

The CRB: 224.55 and was over 227 at one point this
morning, crude oil at $30.51 per barrel, platinum at
$547, and gold: $270.40.

Midas commentary for May 25, 2000


11:50a EDT Wednesday, May 24, 2000

Dear Friend of GATA and Gold:

I'm sharing with you below the daily market commentary of Michael
Kosares, proprietor of www.USAGold.com, which I'm sure many of you
read as religiously as I do but which may be new to some of you. It
is a brilliant and comprehensive look at the gold market situation.

Please post this as seems useful.

CHRIS POWELL, Secretary/Treasurer

Gold carry trade coming to an end


By Bill Murphy
May 23, 2000

Right off the bat today J.P. Morgan came out selling
gold down. I remarked to an associate to look out for
trouble in the stock market. It is starting to appear
that the Plunge Protection Team is running out of
bullets in its effort to prop the stock market up. Sure
enough, today's stock market action was horrendous.
Every feeble rally was sold.

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