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Daily Dispatches
AngloGold''s Godsell becomes president of World Gold Council
Submitted by cpowell on Sun, 2001-05-20 03:00 Section: Daily Dispatches1p ET Saturday, May 19, 2001
Dear Friend of GATA and Gold:
Mark Wellesley-Wood, chairman of Durban Roodeport Deep,
has written an essay supporting GATA in the company's May
2001 newsletter for shareholders and investors. GATA is
delighted to share it with you below, with the greatest
gratitude,for GATA simply would not have gotten started
in 1999 nor succeeded with our GATA African Gold Summit
German newspaper article is skeptical, but who cares?
Submitted by cpowell on Sun, 2001-05-20 03:00 Section: Daily Dispatches12:15a ET Sunday, May 20, 2001
Dear Friend of GATA and Gold:
There's an encouraging note in the following Reuters
story about the election of AngloGold CEO Bobby
Godsell as president of the World Gold Council: some
recognition that gold is money, not just jewelry, and
that developing nations need a currency alternative
to the U.S. dollar. This just may be something for
us to build on with the WGC, which lately has shown
The gold game: Hedging inventory risk
Submitted by cpowell on Sun, 2001-05-20 03:00 Section: Daily Dispatches12:39a ET Sunday, May 21, 2001
Dear Friend of GATA and Gold:
Thanks to our friend who spotted and forwarded the article
below from a major German daily newspaper, and to our
friend who translated it. While I get the sense that the
newspaper simply hasn't been listening to much of what
we have been saying and has no command of the details,
that's probably not very important. No, what's probably
Greenspan and bullion dealer panic over gold
Submitted by cpowell on Sun, 2001-05-20 03:00 Section: Daily DispatchesBy Don Luskin
Special to TheStreet.com
May 18, 2001
Originally posted at www.RealMoney.com
a href=http://www.thestreet.com/comment/openbook/1433611.htmlhttp://www.thestre...
I wrote Thursday that we had taken a position in a couple
of gold stocks: Newmont Mining and Homestake Mining. It's
been more than 20 years since I've traded gold stocks;
doing it again took me back to my earliest days of trading
Gold soars in classic investment ''squeeze''
Submitted by cpowell on Sun, 2001-05-20 03:00 Section: Daily DispatchesMIDAS COMMENTARY FOR MAY 20, 2001
By Bill Murphy
www.LeMetropoleCafe.com
May 20, 2001
Gold $286.50 up $12.65
Silver $4.55 up 8 cents
On Friday I informed you that it was the bullion
dealers and trade that ran up the gold price after it
broke above $275. I explained that it was clear to me
that once the dealers saw the Gold Cartel losing, they
panicked -- for they know what is coming down the road.
Jay Taylor explains the GATA rally in gold at Gold-Eagle
Submitted by cpowell on Sun, 2001-05-20 03:00 Section: Daily DispatchesGold soars in classic investment 'squeeze'
By Allan Robinson
Mining Reporter
The Globe and Mail, Toronto
a href=http://www.theglobeandmail.comhttp://www.theglobeandmail.com/a
Saturday, May 19, 2001
The price of gold soared $13.80 (U.S.) an ounce in a
surge of afternoon trading yesterday to close the day
at $287.80.
The upward swing came abruptly after lacklustre trading
throughout the morning, traders said.
Durban Roodeport Deep supports GATA again and again
Submitted by cpowell on Sat, 2001-05-19 03:00 Section: Daily DispatchesBy Alden Bentley
NEW YORK, May 18 (Reuters) -- New York gold and silver
futures paraded to new highs after London closed on
Friday, chased by speculators who flipped stale bearish
positions into bets on further gains, dealers said.
The active June gold contract turned morning slippage into
a stunning 5 percent gain after midday, officially ending up
$13.80 at $287.80 an ounce, its highest since Sept. 28, 2000.
Gold spikes to 9-month high; gold and silver shares follow
Submitted by cpowell on Fri, 2001-05-18 03:00 Section: Daily DispatchesBy Tim Wood
TheMiningWeb.com
May 16, 2001
NEW YORK -- There is a creeping perception that the
gold market is in the midst of a turning tide, for
the better at last, as gold raced to a near quarter
high of $272.20 per ounce bid on Wednesday afternoon.
That's a four-dollar increase on the day and this
time it may be more than just another burst of short
covering.
* * *
For the complete story:
It takes a monumental event to get gold moving like this
Submitted by cpowell on Fri, 2001-05-18 03:00 Section: Daily DispatchesBy Lisa Sanders
wwwCBS.MarketWatch.com
May 18, 2001
NEW YORK (CBS.MW) -- Gold futures prices leaped more
than 5 percent to a nine-month high Friday as speculation
about inflation and the possible end to central bank sales
of the precious metal pushed it past a key technical level
and sparked an afternoon rush among traders.
June gold futures rose by $13.80 to settle at $287.80 an
ounce on the Commodities Exchange division of the New
Tide is turning for gold, Mining Web says
Submitted by cpowell on Thu, 2001-05-17 03:00 Section: Daily Dispatchesquot;MIDASquot; COMMENTARY FOR MAY 16, 2001
DUPLICATION PROHIBITED WITHOUT PERMISSION
By Bill Murphy
www.LeMetropoleCafe.com
May 16, 2001
Gold $272.10 up $4.30
Silver $4.45 up 15 cents
Mega-commodity fund John Henry was a huge buyer
today with Goldman Sachs executing the trades for
them. It must have been a most unwelcome big order
for Goldman Sachs, a grin-and-bear-it type.
I cannot stress enough how important the news out
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