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Daily Dispatches
The Fed is intervening directly in the stock market
Submitted by cpowell on Tue, 2002-04-02 03:00 Section: Daily Dispatches10:26p ET Monday, April 1, 2002
Dear Friend of GATA and Gold:
TheMiningWeb.com's Tim Wood has an essay about
the dismissal of Reg Howe's federal lawsuit against
the U.S. government, the Bank for International
Settlements, and the bullion banks. You can find it
here:
a href=http://m1.mny.co.za/MGGold.nsf/Current/4225685F0043D1B285256B8E0083959ht...
Howe won despite dismissal of his suit against gold price fixers -- Part 1
Submitted by cpowell on Tue, 2002-04-02 03:00 Section: Daily DispatchesBy John Crudele
New York Post
April 2, 2002
a href=http://www.nypost.com/business/44932.htmhttp://www.nypost.com/business/4...
With the economy looking extraordinarily weak back
in January and Alan Greenspan just about out of room
to cut interest rates, the Federal Reserve considered
a variety of quot;unconventionalquot; emergency measures.
Recently-released comments from the policy-making
Howe won despite dismissal of suit against gold price fixers -- Part 2
Submitted by cpowell on Tue, 2002-04-02 03:00 Section: Daily DispatchesBy James Turk
The Freemarket Gold amp; Money Report
The long-awaited ruling from Judge Lindsay
has arrived. All claims against the Bank for
International Settlements and the other
defendants in Reg Howe's lawsuit have been
dismissed.
When I received this news, my initial
reactions were dismay and disappointment, but
I was also surprised. The wrongdoing by the
Defendants appears so clear-cut, and the
TheMiningWeb.com reports on Howe lawsuit''s dismissal
Submitted by cpowell on Mon, 2002-04-01 03:00 Section: Daily Dispatches2:10p ET Thursday, March 28, 2002
Dear Friend of GATA and Gold:
Reg Howe's lawsuit against the Bank for International
Settlements, the U.S. Treasury Department, the
Federal Reserve, and the bullion banks was dismissed
today by Judge Reginald Lindsay in U.S. District Court
in Boston. We haven't analyzed the decision yet, but with
Adobe Acrobat, you can read it on the Internet here:
a href=http://pacer.mad.uscourts.gov/recentopinions.htmlhttp://pacer.mad.uscour...
Mining analysts point to smaller companies
Submitted by cpowell on Thu, 2002-03-28 03:00 Section: Daily DispatchesBy Kevin Drawbaugh
WASHINGTON, March 26 (Reuters) -- Enron Corp. shareholders
are expected to unveil a lawsuit next week against big
investment banks with ties to the bankrupt energy trader,
threatening a legal battle with potentially devastating
consequences for Wall Street, lawyers said on Tuesday.
Frustrated at the dwindling resources of Enron and its former
auditor Andersen, plaintiffs' lawyers were on the verge of
Gold price-fixing lawsuit dismissed in U.S. District Court in Boston
Submitted by cpowell on Thu, 2002-03-28 03:00 Section: Daily DispatchesGold strategists dig deeper for profit;
mining analysts point to small-fry companies
By Thom Calandra
CBS.MarketWatch.com
March 28, 2002
SAN FRANCISCO -- With spot gold above $300 an ounce, the
question becomes, what's still a steal? Very little, it turns out.
Established gold companies are trading at 10 to 15 times cash
flow. Smaller ones, like Durban Roodepoort in South Africa,
have become the new momentum stocks. This $3.50 stock is
The manipulation is in the open now, and it''s faltering
Submitted by cpowell on Tue, 2002-03-26 03:00 Section: Daily DispatchesFed considered emergency measures to save economy
By Peronet Despeignes
Financial Times
March 24, 2002
a href=http://markets.ft.com/ft/gx.cgi/ftc?http://markets.ft.com/ft/gx.cgi/ftc?/a
pagename=Viewamp;c=Articleamp;cid=FT3ZO6O38ZCamp;live=trueamp;tagid=IXLTN37YICCamp;su
bheading=currencies%20amp;%20money
WASHINGTON -- The U.S. Federal Reserve in January
considered a variety of quot;unconventionalquot; emergency
Gold''s easy money lures Wall Street
Submitted by cpowell on Tue, 2002-03-26 03:00 Section: Daily Dispatches2:27a ET Tuesday, March 26, 2002
Dear Friend of GATA and Gold:
Monday's first big news was the Financial Times story
about the latest minutes released by the Federal
Reserve's Federal Open Market Committee, in which
the Fed is seen contemplating openly buying
equities to keep the stock market bubble inflated
in case interest rate cuts fail to do so. Gold was
prominently mentioned in the story. So now
A new gold investor contemplates gold''s morality
Submitted by cpowell on Tue, 2002-03-26 03:00 Section: Daily DispatchesGold's easy money lures Wall Street
Mining industry unblemished in shaky times
By Thom Calandra
CBS.MarketWatch.com
March 26, 2002
SAN FRANCISCO (CBS.MW) -- Maybe you heard the
ad: quot;You bought the stock last night, and next morning,
the CEO is on the stand, pleading the Fifth.quot;
It's that kind of market.
Maybe your favorite corporate chieftain is hung over
from shopping sprees, wiping tens of billions of dollars
Enron''s victims preparing lawsuits against big investment banks
Submitted by cpowell on Tue, 2002-03-26 03:00 Section: Daily Dispatches3:25p ET Tuesday, March 26, 2002
Dear Friend of GATA and Gold:
Part of an exchange I had this week with a newcomer
to gold investing raised the issue of its morality.
Maybe it will interest you, so it's below.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
-----------------------------------------
Dear Chris:
An essay titled quot;The Morality of Gold Jewelry,quot; written
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