You are here

Daily Dispatches

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.

Business Day''s report on Durban conference

Section: Daily Dispatches

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
May 13, 2001

The GATA African Gold Summit was a huge success.
Before I get into the reasons why, I would like to
thank James Turk, Frank Veneroso, and Reg Howe,
who from four to seven days on their own time to
fly all the way to Durban, South Africa, to bring
some surprising transparency to the gold market.

They were all terrific and are an inspiration to

Daily gold market commentary at

Section: Daily Dispatches

By Ilja Graulich
Business Day, South Africa
a href=
May 14, 2001

They are the $289 Club: power brokers who held the gold
price to exactly $289/oz on the last trading days of
1997, 1998, and 1999. So says the Gold Anti-Trust
Action Committee (GATA). (For the record, according to
the London Bullion Market Association, the prices were
$289, $287, and $290 respectively.)

Bullion banks told to cover by month''s end, source says

Section: Daily Dispatches

10:26a ET Monday, May 14, 2001

Dear Friend of GATA and Gold:

Here's today's gold market commentary at, whose Internet site's
bulletin board has been a generous host to
GATA from our beginning. The USAGold daily
commentary is where many people start the
day's watch on the market.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *'s

Bullion banks told to cover by month''s end, source says

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 featured in major German newspaper

Section: Daily Dispatches

Gold 'plot' seems to hold more bull than bullion

By Ingrid Salgado
Business Report, South Africa
a href=
May 13, 2001

DURBAN -- Outspoken supporters of the Gold Anti-Trust
Action Committee (GATA), the Texas-based group that
believes the world's central banks are colluding to
squash the gold price, are few and far between.

Critical responses to TheMiningWeb report on Durban conference

Section: Daily Dispatches

12:13a ET Sunday, May 13, 2001

Dear Friend of GATA and Gold:

Here's a big article published last week in the
Sueddeutsche Zeitung in Germany -- the South German
News, a major German newspaper. Many thanks to the
friend who forwarded it and the friends arranged its

I think you'll get from this article and others the
sense that GATA is slowly breaking onto the world
stage, beginning to establish its point, but still a

Durban Daily News report on GATA African Gold Summit

Section: Daily Dispatches

2:18p ET Sunday, May 13, 2001

Dear Friend of GATA and Gold:

Our friends have leapt to our defense at
in response to the site's disparaging story about the Durban
conference -- so much so that the site has grouped some of
the responses in another story.

Thanks to all who got involved -- and to TheMiningWeb itself
for the equal time provided.

You can find the responses here: