You are here

Daily Dispatches

Midas commentary for June 12, 2000

Section: Daily Dispatches

9:45p EDT Monday, June 12, 2000

Dear Friend of GATA and Gold:

For evidence that GATA's quot;Gold Derivative
Banking Crisisquot; report is zipping around
the world, you might want to check out an
interesting essay by Adam Hamilton at
www.Gold-Eagle.com. Hamilton analyzes the
leverage to the gold price of three leading
South African mining companies, Gold Fields,
Harmony, and Durban Deep, and GATA's report

One more analyst acknowledges manipulation

Section: Daily Dispatches

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Wednesday, June 7, 2000

Deutsche Bank, along with some help from Goldman Sachs,
bashed gold early today, taking it down almost $6, but
the funds came in as buyers, taking it back up late in
the day. August gold finished at $290, down only $1.80.

Good ol' $290 again. That is the price the manipulators
have been defending for a couple of years now. They are

GATA makes more trouble at the NY Fed

Section: Daily Dispatches

11:55p EDT Wednesday, June 7, 2000

Dear Friend of GATA and Gold:

This commentary by Clive Roffey at the Moneyweb
Internet site is interesting for its acceptance
of GATA's contention that the price of gold is
being manipulated. It's all the more interesting
for its suggestion that the manipulators are
losing control.

Please post this as seems useful.

CHRIS POWELL, Secretary/Treasurer

GATA report goes all over as we terrorize NY Fed

Section: Daily Dispatches

12:30a EDT Monday, June 5, 2000

Dear Friend of GATA and Gold:

The enigmatic guru of www.USAGold.com, Friend of
Another, lately known as Trail Guide, has much to say
about GATA in his latest dispatch, which I've appended
here. FOA/Trail Guide has a different perspective on
the gold market, but he is fully in the gold camp and
his comments here are recognition of the growing
importance of GATA's work -- for which we thank him.

GATA discloses what the big gold players know

Section: Daily Dispatches

$9 Gold Move and Internet Release of
quot;Gold Derivative Banking Crisisquot; report:
Just a Coincidence? Maybe Not

By Bill Murphy
www.LeMetropoleCafe.com
June 3, 2000

Spot Gold $281.40, up $8.90
Spot Silver $4.99, up 9 cents

Friday was rock 'n' roll time for gold. A welcome
change of pace. From a Cafe source:

quot;You should have seen this fight during the last couple
of minutes on the floor. Funds were buying like crazy

GATA busts the shorts and gold rallies

Section: Daily Dispatches

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
June 1, 2000

The Gold Derivative Banking Crisis report that the GATA
delegation presented to one of the most powerful
politicians in Washington as well as to Dr. John
Silvia, chief economist of the Senate Banking
Committee; Alabama U.S. Rep. Spencer Bachus, chairman
of the House Subcommittee on Domestic and International
Monetary Policy, including six of his staff members;

Midas commentary for June 3, 2000

Section: Daily Dispatches

11:55p EDT Friday, June 2, 2000

Dear Friend of GATA and Gold:

The word is getting out about the manipulation of the
price of gold and part of its purpose: to protect the
financial institutions that sold gold borrowed from
central banks, and to protect the central banks that
lent so much. So much gold has been sold short that
it cannot be recovered without exploding the price,
threatening the solvency of the participants in the

Gold Derivative Banking Crisis report is on Internet

Section: Daily Dispatches

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Wednesday, May 31, 2000

An astute member of www.LeMetropoleCafe.com, Ian Brain
of Australia, alerted me to the following essay by John
Hathaway of Toqueville Asset Management that should be
posted on the Tocqueville web site tomorrow.

Hathaway's commentary is titled, quot;Conspiracy And The
Gold Market: A Clarification.quot;

Gold company merger speculation grows

Section: Daily Dispatches

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
May 30, 2000

Spot gold $272.70, up 60 cents
Spot silver $4.90, down 1 cent

Today I had a conversation with John Mielke, director
of the Market Surveillance Section of the Commodities
Futures Trading Commission, and told him of GATA's Gold
Derivative Banking Crisis report and other material
that was coming his way via overnight mail.

Hathaway says gold market is probably manipulated

Section: Daily Dispatches

Franco-Nevada at hub of
gold merger speculation

Mining royalty firm said to show
interest in several companies

By Keith Damsell
Financial Post
(National Post/Canada)
Wednesday, May 31, 2000

The moribund gold sector was buzzing yesterday with
increasing rumours that a major merger or acquisition
is in the works.

Franco-Nevada Mining Corp. Ltd., a Toronto-based mining
royalty firm, is at the centre of much of the

Pages