12:25p ET Monday, September 2, 2002
Dear Friend of GATA and Gold:
That TheMiningWeb.com report cited to you a few hours
ago has a comment from J.P. Morgan that is implicitly
bullish for gold -- a comment that the establishment
of new short positions is deemed unlikely. For a
frankly bullish analysis from Morgan, check out
TheMiningWeb.com's accompanying story about Placer
Dome, quot;Placer aids gold price and vice versaquot;:
* * *
quot;Hedge book reductions continue to be a focus for
almost all gold producers,quot; said JP Morgan analyst
Richard Rossiter. quot;The global anti-hedging lobby
remains vocal, and non-hedgers have significantly
outperformed hedgers (on stock markets).quot; He felt
hedged producers such as Barrick Gold Corp. and
Placer would soon see a catch-up in share price
performance, but added this depended largely on
gold price movements. quot;We believe the outlook for
the gold price is positive, but we also think gold
shares should be regarded as trading positions
near term, while gold is volatile,quot; Rossiter said.
* * *
As for what that Morgan analyst calls the quot;vocal
anti-hedging lobby,quot; GATA is eager to plead guilty
as charged.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
a href=http://www.theminingweb.com/http://www.theminingweb.com//a [1]
a href=http://www.gold-eagle.com/http://www.gold-eagle.com//a [2]
a href=http://www.kitco.com/http://www.kitco.com//a [3]
a href=http://www.usagold.com/http://www.usagold.com//a [4]
a href=http://www.GoldSeek.com/http://www.GoldSeek.com//a [5]
a href=http://www.goldenbar.com/http://www.goldenbar.com//a [6]
a href=http://www.silver-investor.comhttp://www.silver-investor.com/a [7]
a href=http://www.thebulliondesk.com/http://www.thebulliondesk.com//a [8]
a href=http://www.sharelynx.nethttp://www.sharelynx.net/a [9]
a href=http://www.mininglife.com/http://www.mininglife.com//a [10]
Subscription site:
a href=http://www.lemetropolecafe.com/http://www.lemetropolecafe.com//a [11]
Eagle Ranch discussion site:
a href=http://os2eagle.net/checksum.htmhttp://os2eagle.net/checksum.htm/a [12]
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Centennial Precious Metals
3033 East 1st Ave.
Suite 403
Denver, Colorado 80206
www.USAGold.com [13]
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com [14]
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com [15]
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net [16]
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
a href=http://www.gloomdoom.comhttp://www.gloomdoom.com/a [17]
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com [18]
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com [19]
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com [20]
Miles Frankl Ltd.
3601 Park Center Building
Suite 120
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
www.milesfranklin.com [21]
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com [22]
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
a href=http://www.buycoin.comhttp://www.buycoin.com/a [23]
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
figoldstein@buycoin.com [24]
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
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USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
a href=http://www.gata.org/creditcard.htmlhttp://www.gata.org/creditcard.html/a [25]
By GoldMoney:
a href=http://www.GoldMoney.comhttp://www.GoldMoney.com/a [26]
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
By E-Gold:
a href=http://www.e-gold.comhttp://www.e-gold.com/a [27]
Gold Anti-Trust Action Committee Inc.
Account number 110915
Donors of $750 or more will, upon request, be sent a
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