Daily Dispatches

Insight magazine examines the gold price suppression scheme


Gold's floodgates open, finally
Above $300, metal's rally to spark mania, some say

By Thom Calandra
Saturday, February 9, 2002

SAN FRANCISCO (CBS.MW) -- Adrian Day, a Maryland
money manager who has specialized in gold mining
companies for 30 years, swore to himself years ago he
would bite his tongue if he ever caught himself saying,
"This time it's different."

Gold''s floodgates are open, CBSMarketWatch''s Calandra says


12:24p ET Saturday, February 9, 2002

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy today issued
the following statement. Part of it is for
GATA supporters, and part of it is for
subscribers to his proprietary Internet site,
www.LeMetropoleCafe.com. I'm just going
to pass the whole thing on to you, figuring
that the latter part well might be of
interest anyway ... and that people can

GATA supporters in Washington area invited to Lincoln Day conference


Thursday, February 7, 2002

Hi, Chris:

I'm a currency strategist and have read a lot about GATA.
I would like to know what you think would happen in the
short term (this year) if gold spot clips $320. In simple
terms, do you think banks would start to default in large?
This will have a huge impact on spot forex medium-term
strategy. Most of us are already short yen on the
potential of bank default.

A speculation on what happens if gold reaches $320


9:43p ET Thursday, February 7, 2002

Dear Friend of GATA and Gold:

Here's another piece of financial commentary
examining J.P. Morgan Chase's gold derivatives
for which we can thank Reg Howe's trailblazing


CHRIS POWELL, Secretary/Treasurer

Is J.P. Morgan Chase to big to bail as well as fail?


9a ET Thursday, February 7, 2002

Dear Friend of GATA and Gold:

There's new commentary by Reg Howe at his Internet
site, www.GoldenSextant.com. It's titled, "Olympic
Special: Will the Enron Tar Baby Go for the Gold?"
You can find it here:


CHRIS POWELL, Secretary/Treasurer

New commentary by Reg Howe examines Enron


JP Morgan says suffered no gold trade loss

NEW YORK, Feb. 6 (Reuters) -- J.P. Morgan Chase & Co. on
Wednesday squashed rumors in financial markets that it
sustained a loss during Tuesday's powerful gold rally,
saying instead it made a profit on gold's run to two-year

"We had a very good day yesterday," said a senior
bank official with knowledge of the bank's bullion trading

More examination of Morgan Chase gold derivatives


8:59p ET Thursday, February 7, 2002

Dear Friend of GATA and Gold:

Our friend Reg Howe first raised the issue of the
disproportionate position in derivatives of J.P.
Morgan Chase. Today it was the subject of John
Crudele's column in the New York Post, published
just a few blocks from the corner of Broad and
Wall Streets. It's a good bet that it was read by
some of the denizens of that neighborhood.

But they ARE selling a bridge in Brooklyn....


By Thom Calandra
Wednesday, Feb. 6, 2002

SAN FRANCISCO -- Now comes the hard part in the
$300-plus gold rally: finding the neglected mining stocks.

Problem is, there aren't many. The entire category of
gold mining stocks, from the Newmont Mining giants to
the Vancouver-listed juniors, doesn't exceed $50 billion
of market capitalization. "Up until three weeks ago the

Gold''s swift rally may spark scramble


Miners finally get Street's attention
Gold's run at $300 an ounce sparks a mini-rush

By Thom Calandra
Tuesday, Feb. 5, 2002

SAN FRANCISCO -- Long-forgotten gold mining stocks are
attracting the attention of Wall Street money managers.

"I'm getting a lot more calls," says Pierre Lassonde, who later
this month will become president of Newmont Mining, soon to

Toronto Globe & Mail cites gold price suppression issue


Press masks world's fiscal distress;
Nikkei tumbles, gold gains, short-sellers stage left

By Thom Calandra
Monday, Feb. 4, 2002

SAN FRANCISCO (CBS.MW) -- You've got to hand it to the
financial press, doing everything it can to take the world's
eyes off real fiscal woes.

Raise your hand, for instance, if you know Ken Lay's
home address, the amount of Enron stock he sold and

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