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Daily Dispatches
Press masks world''s fiscal distress
Submitted by cpowell on Mon, 2002-02-04 03:00 Section: Daily DispatchesGATA NOTE: J.P. Morgan/Chase shares fell
5.5 percent Friday, after this news story
was published.
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Charges of collusion with Enron, big losses
raise questions about J.P. Morgan's judgment
By E. Scott Reckard
Los Angeles Times
February 1, 2002
In the rubble of recent financial collapses,
one prestigious institution seems especially
vulnerable: J.P. Morgan Chase amp; Co., the
Enron scandal, big losses put Morgan''s judgment in question
Submitted by cpowell on Sat, 2002-02-02 03:00 Section: Daily DispatchesGold gain points to currency risk
'Strange' buying of metal may be sign of distress
By Thom Calandra
CBS.MarketWatch.com
Friday, February 1, 2002
SAN FRANCISCO -- As the world's economic leaders
meet in New York, professionals wonder whether gold's
steady price rise this week is the first crack in the global
currencies dam.
In a daily note, UBS Warburg's precious metals team
said Friday, quot;Gold remains strangely supported despite
Investment pros puzzled by gold''s stubborn rise
Submitted by cpowell on Fri, 2002-02-01 03:00 Section: Daily DispatchesBy John Crudele
New York Post
January 31, 2002
Is J.P. Morgan Chase too big to fail?
This question is admittedly a bit premature. But you can bet
this concern will start going around in the next few weeks if
the giant New York bank continues its recent streak of bad
luck.
Back in early December this column speculated that
Global Crossing Ltd. would be the next Enron, bitten by
the bankruptcy bug. That happened this week as Global
Morgan/Chase may crash but U.S. government would rescue it
Submitted by cpowell on Thu, 2002-01-31 03:00 Section: Daily Dispatches7:40p CT Tuesday, January 29, 2002
Dear Friend of GATA and Gold:
The Gold Anti-Trust Action Committee needs your
help in making our luncheon at the National Press
Club on Tuesday, February 12, Lincoln's Birthday,
a big success.
The luncheon is for the news media, members of
Congress and their staffs, representatives of public
policy study institutions, and others who could have
an impact on legislation, public policy, and publicity.
Help GATA get the right people to its Washington conference
Submitted by cpowell on Tue, 2002-01-29 03:00 Section: Daily DispatchesAngloGold Reduces Forward Gold Sales
by 3.5 Million Ounces
By Antony Sguazzin
Bloomberg News
Johannesburg, Jan. 28 -- AngloGold Ltd., the world's second-biggest
gold company, said it has cut the amount of gold it sold at preset
prices by 3.5 million ounces over the last 12 months.
quot;There has been quite a substantial decline in our hedge position,quot;
said Steve Lenahan, AngloGold spokesman in an interview.
AngloGold to announce big cut in hedging
Submitted by cpowell on Mon, 2002-01-28 03:00 Section: Daily Dispatches12:28a ET Sunday, January 27, 2002
Dear Friend of GATA and Gold:
We've prepared a summary of GATA's work for
distribution to news organizations, political
leaders, and anyone else who is new to the issue
of the suppression of the gold price. It's
appended here for your use and may be updated
from time to time.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A summary of GATA''s work to expose the gold price suppression scheme
Submitted by cpowell on Sun, 2002-01-27 03:00 Section: Daily Dispatches1:15a ET Saturday, January 26, 2002
Dear Friend of GATA and Gold:
Here are a couple of things of special interest...
* An interview at TheMiningWeb.com with Durban Roodeport
Deep CEO Mark Wellesley-Wood, wherein it is reported
that the company contemplates not only paying dividends
in gold once its hedge book is eliminated in a few months,
but also using the facility of our friend James Turk's
''Midas'' commentary for January 26, 2002
Submitted by cpowell on Sun, 2002-01-27 03:00 Section: Daily Dispatches12:28a ET Sunday, January 27, 2002
Dear Friend of GATA and Gold:
We've prepared a summary of GATA's work for
distribution to news organizations, political
leaders, and anyone else who is new to the
issue of the suppression of the gold price.
It's appended here for your use and may be
updated from time to time.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A summary of GATA''s work and the suppression of the gold price
Submitted by cpowell on Sun, 2002-01-27 03:00 Section: Daily DispatchesBy Bill Murphy
www.LeMetropoleCafe.com
January 26, 2002
Gold $278.60
Silver $4.30
John Brimelow on Thursday:
Further evidence that increased Japanese
offtake is real has appeared in a trade
journal discussing the increased activity of
bar smelting: click on:
a href=http://www.japanmetalbulletin.com/news-http://www.japanmetalbulletin.com...
nm/n20020123.html#01
Sceptics of hedging will be gratified to see
Durban contemplates dividends in gold; and John Meyer makes The Case for Gold
Submitted by cpowell on Sat, 2002-01-26 03:00 Section: Daily Dispatches10:44p ET Thursday, January 24, 2002
Dear Friend of GATA and Gold:
The Tocqueville Gold Fund's manager, John Hathaway, has
written an interesting new commentary that can be found
here:
www.toqueville.com/brainstorms/brainstorms.php?id=108
And our own Reg Howe has written a response, here:
www.goldensextant.com/commentary19.html#anchor5124
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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