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Daily Dispatches

Where is gold''s Patton? A reply to Tim Wood of www.TheMiningWeb.com

Section: Daily Dispatches

10:22p ET Friday, August 31, 2001

Dear Friend of GATA and Gold:

There's another interesting essay tonight by Tim Wood
of The Mining Web. Here's an excerpt:

quot;The recipe to break the gold carry trade has been laid out
explicitly by Mister Gold, Jim Sinclair. GATA has written
its formula, fund managers and bullion dealers acknowledge
how thin the market is and so susceptible to a confident

The BIS shoots back but leaves lots of stuff out

Section: Daily Dispatches

September 1, 2001

Tim Wood
www.TheMiningWeb.com

Dear Tim:

This may be of some interest as a response to your
latest essay at www.TheMiningWeb.com, quot;Gold bulls
surrender Labor Day opportunity,quot; which shows much
insight.

Around 1994 Jimmy DePiazza, Phibro's trader in
Connecticut, figured out a way to corner the silver
market. Phibro had been taken over by Salomon Brothers,

BIS official''s comments interpreted as responding to GATA

Section: Daily Dispatches

'Midas' commentary for August 29, 2001

By Bill Murphy
www.LeMetropoleCafe.com
August 29, 2001

Gold $273.60 up $1.70
Silver $4.18 unchanged

Surprise! Gold is not going down as the pundits
said it would due to the overpositioning of specs
on the long side. Pleasant surprise for me too.

The open interest has contracted all the way down
to 120,128 contracts, which is a drop of 12,000

Where, The Mining Web asks, is gold''s Patton?

Section: Daily Dispatches

From the Financial Times
www.ft.com
August 31, 2001

BIS banker speaks on gold:
Giacomo Panizzutti's estimates of central bank
gold lending implicitly contradict conspiracy theories

By ADRIENNE ROBERTS

The question of how much gold has been lent out by
central banks -- an emotionally charged topic in some
circles -- has received its most authoritative answer
so far.

Giacomo Panizzutti, head of foreign exchange and gold

Mining Web''s Tim Wood joins Tocqueville''s Hathaway on manipulation of gold

Section: Daily Dispatches

By Vincent Cook

Reg Howe is to be highly commended for
calling our attention to an academic paper
co-authored by former Treasury Secretary
Lawrence Summers concerning a positive
correlation between wholesale price levels
and interest rates that existed under the
classical gold standard (also known as
quot;Gibson's paradoxquot;).

It should be noted that the paradox depends
on a couple of crucial assumptions about the

South African Reserve Bank admits gold swaps, says it has none on deposit

Section: Daily Dispatches

1:24a ET Wednesday, August 29, 2001

Dear Friend of GATA and Gold:

Tim Wood of www.theminingweb.com has joined the
Tocqueville Gold Fund's John Hathaway in concluding
that the gold market is probably being manipulated
by the U.S. government.

Wood writes of the quot;conspiracy theoryquot; advanced by
GATA for the last three years:

quot;Hathaway is no longer flirting; he's hitched. The

Greenspan was wary of Treasury ''initiatives'' in 1995

Section: Daily Dispatches

By Joe van Zyl
Bedfordview, South Africa
swissbourgh@worldonline.co.za

As a shareholder of the South African Reserve
Bank, I have directed questions to the bank in
respect of the bank's involvement in gold swaps
and collateral agreements, but the bank refused to
make any information available. I requested Peter
George to have questions in Parliament directed to
the minister of finance, Trevor Manuel. Manuel is

$25 donation to GATA wins free copy of Rediscovering Gold from Swiss America

Section: Daily Dispatches

GATA PRESS RELEASE

quot;Gold as Theatrequot; by Tocqueville's Hathaway
Bolsters GATA's Credibility

DALLAS (Business Wire, Aug. 27, 2001)-- Gold fund manager John
Hathaway has endorsed the findings of the Gold Anti-Trust Action
Committee (GATA) that the price of gold is being suppressed by the
U.S. government.

Hathaway's endorsement came in a press release dated August 23
and titled quot;Gold as Theater,quot; posted at the Internet site of the

Summers'' academic paper missed inflationary potential of ''paper gold''

Section: Daily Dispatches

August 27, 2001

Dear Friend of GATA and Gold:

quot;Rediscovering Gold in the 21st Century: The Complete Guide
to the Next Gold Rushquot; is the only book in print that explains
the cause of the Gold Anti-Trust Action Committee in a
positive light.

Written by Craig R. Smith, CEO of Swiss America Trading
Corp. of Scottsdale, Ariz., and published just weeks ago by
IdeaFactory Press, this book is the perfect educational tool

GATA press release cites support from gold fund manager Hathaway

Section: Daily Dispatches

By John Waples
Sunday Times, London
August 26, 2001
a href=http://www.sunday-http://www.sunday-/a
times.co.uk/news/pages/sti/2001/08/26/stibusagn03001.html?

Don't throw your gold trinkets away just yet.

As an investment, the metal may have been horribly out
of fashion for the past decade, but with world
economies continuing to slide, gold could be about to
stage a revival.

There are already signs that sentiment may be changing.

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