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Daily Dispatches
Congress gets interested in gold manipulation
Submitted by cpowell on Wed, 2000-05-10 03:00 Section: Daily Dispatches10p EDT Monday, May 8, 2000
Dear Friend of GATA and Gold:
The Battle of Washington is about to commence.
A little more than a year ago the Gold Anti-Trust
Action Committee developed a strategy to win the day
against the manipulators of the gold market. Our
strategy was based on the quot;enveloping hornquot; tactic of
the great South African Zulu chieftain, Shaka.
That strategy is working for us as it worked for him.
GATA presents its evidence to Congress this week
Submitted by cpowell on Mon, 2000-05-08 03:00 Section: Daily DispatchesCanada's Barrick sees strong gold prices ahead
LIMA, Peru, May 4 (Reuters) -- Canada's Barrick Gold
Corp. is betting on strong future gold prices in 2000
as world demand for the precious metal improves about
20 percent over 1999, the head of its Peruvian unit
said Thursday.
Driven by increased Asian demand and renewed interest
by investors in gold as an alternative to inflation-
threatened currencies, prices are set to shine, said
XAU way up but Barrick is down
Submitted by cpowell on Thu, 2000-05-04 03:00 Section: Daily Dispatches1:40a EDT Thursday, May 4, 2000
Dear Friend of GATA and Gold:
A delegation from the Gold Anti-Trust Action Committee
will be in Washington next Tuesday for appointments
with high officials of Congress about the manipulation of
the gold market. In addition, we have an appointment with
the chief economist of the Senate Banking Committee
and key committee staff members. The document GATA
has prepared, titled quot;The Gold Banking Derivative Crisis,quot;
Midas commentary for May 4, 2000
Submitted by cpowell on Thu, 2000-05-04 03:00 Section: Daily Dispatches3:40p EDT Thursday, May 4, 2000
Dear Friend of GATA and Gold:
A few minutes ago the XAU was up 4.6 percent and
Barrick Gold, ABX, the hedge fund that masquerades
as a gold miner, was running from even to DOWN a
third of a percent. Some would call this irrational, but
not us at GATA. And if the markets are going to be
irrational, they might as well be irrational on our side
once in a while. In any case gold is getting attention
Barrick chief expects 20 percent rise in gold price
Submitted by cpowell on Thu, 2000-05-04 03:00 Section: Daily DispatchesCopyright 2000, www.LeMetropoleCafe.com
Not to be reproduced without permission
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Midas commentary for May 4, 2000
By Bill Murphy
www.LeMetropoleCafe.com
Spot gold $279.90, up $2
Spot silver $5.10, up 10 cents
Technicals
The $2 rule again. Gold spiked early today, running up
over $4, only to be beaten down by Chase and Morgan.
House of Morgan: From gold bugs to paper hangers
Submitted by cpowell on Wed, 2000-05-03 03:00 Section: Daily Dispatches11p EDT Tuesday, May 2, 2000
Dear Friend of GATA and Gold:
I don't know exactly what's going on with the index
of major gold mining shares on U.S. exchanges, the
XAU, which rose nearly 10 percent today even as
Switzerland was confirming its plans to sell gold,
but the observations of a few others elsewhere may
bear repeating in one place:
-- Reginald H. Howe of www.GoldenSextant.com
GATA goes to Washington next week
Submitted by cpowell on Wed, 2000-05-03 03:00 Section: Daily Dispatches11:15p EDT Wednesday, May 3, 2000
Dear Friend of GATA and Gold:
Reg Howe of www.GoldenSextant.com has analyzed the gold
derivative position of Morgan Guaranty Trust Co. and
concludes that the firm has taken on so much exposure
as to suggest that it has done so with government
encouragement. Howe's essay follows but the columns in
the chart it contains may not line up properly in email
or on the GATA web site. If they don't, you can view
Midas commentary for May 2, 2000
Submitted by cpowell on Tue, 2000-05-02 03:00 Section: Daily DispatchesAn alert to the gold world (second of two parts)
Jan. 7, 1999 -- 12 major banks chaired by Goldman
Sachs and JP Morgan today formed a quot;Counterparty Risk
Management Groupquot; with the intent of enhancing best
practices in credit and market risk management. The
policy group will develop standards for strengthened
risk management practices.
Jan. 12, 1999 -- The Goon Squad acted right on cue.
Others are starting to sound like GATA
Submitted by cpowell on Tue, 2000-05-02 03:00 Section: Daily DispatchesCopyright 2000 www.LeMetropoleCafe.com
Not to be reproduced without the author's permission
-------------------------------------------------------
Midas commentary for May 2, 2000
By Bill Murphy
www.LeMetropoleCafe.com
Spot gold $275.40, up $2.20
Spot silver $5.01, 1 cent
Technicals
Break those chains! Gold is a SCREAMING BUY. Only the
shackles of the Black Knights are keeping the price of
An alert to the gold world, Part 2
Submitted by cpowell on Mon, 2000-05-01 03:00 Section: Daily DispatchesAn alert to the gold world (first of two parts)
By Bill Murphy
Chairman, Gold Anti-Trust Action Committee
Proprietor, www.LeMetropoleCafe.com
April 29, 2000
This is an quot;ollie ollie in freequot; call to the gold
world. GATA is going to meet with some of the most
powerful politicians in Washington about our view that
the gold market is being manipulated and that many
innocent people around the word, especially the poor
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