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Daily Dispatches

Durban Roodeport Deep supports GATA again and again

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By Tim Wood
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

* * *

For the complete story:

It takes a monumental event to get gold moving like this

Section: Daily Dispatches

By Lisa Sanders
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

Section: Daily Dispatches

quot;MIDASquot; COMMENTARY FOR MAY 16, 2001

By Bill Murphy
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

Help us prod Congress to get answers from Fed and Treasury

Section: Daily Dispatches


By Bill Murphy
May 14, 2001

Gold $268.30 up 30 cents
Silver $4.34 up 1 cent

Here's a bombshell from Bob Chapman that fits in perfectly
with the information you have been getting from Midas for
the past four weeks or so. Bob, who is a big GATA supporter
and editor of the International Forecaster, sent us the
following even before he published it in his own newsletter:

GATA claims, lawsuit discussed in South African Parliament

Section: Daily Dispatches

11:38p ET Tuesday, May 15, 2001

Dear Friend of GATA and Gold:

Here is a suggestion for our American friends who would
like to help us expose the U.S. government's manipulation
of the gold price.

First, please print copies of James Turk's essay, quot;How
ESF / Bundesbank gold swap caps the gold price,quot; which
is archived in two parts here:

a href=

No panic yet -- but wait until this afternoon!

Section: Daily Dispatches

10a CT Wednesday, May 16, 2001

Dear Friend of GATA and Gold:

I have just received a report from GATA's heaquarters
in Durban, South Africa, that the Gold Anti-Trust Action
Commmittee and our allegations were discussed
extensively today during the afternoon sesssion of South
Africa's Parliament in Cape Town.

Our South African publicist, Rhoda Fowler, just called
from Durban to report that she is getting hundreds of

Gold futures and stocks move higher

Section: Daily Dispatches

Daily gold market commentary
for May 16, 2001

Gold rallied convincingly in early New York trading,
blowing through the $270 barrier and causing concern
among traders short the market. In what I thought to be
a slightly odd assessment of this morning's market
conditions and one which perhaps reveals more than
was intended, one trader said, quot;There is no panic on
the gold market now, especially after yesterday's

Doug Casey''s commentary on GATA lawsuit

Section: Daily Dispatches

By Lisa Sanders
May 16, 2001

NEW YORK (CBS.MW) -- Strength in the June gold contract
Wednesday gave equities a lift and propelled both of the
major metals indices higher by more than 4 percent.

The CBOE Gold Index 1.88 to 42.13, while the Philadelphia
Gold and Silver Index added 2.53 to 61.10. Individually,
Homestake Mining rose by 5.7 percent, or 38 cents, to trade

A big day for gold and silver, and more are coming

Section: Daily Dispatches


By Doug Casey
a href=http://www.dailyreckoning.com
May 16, 2001

Reviewing lawsuits isn't exactly my favorite form of recreation.
But I've recently been taken to task for not taking seriously a
lawsuit filed on Dec 7, 2000 by one Reginald Howe in U.S.
District Court in Massachusetts.

The suit names, among others, Alan Greenspan, the U.S.