You are here
Daily Dispatches
Gold soars in classic investment ''squeeze''
Submitted by cpowell on Sun, 2001-05-20 03:00 Section: Daily DispatchesMIDAS COMMENTARY FOR MAY 20, 2001
By Bill Murphy
www.LeMetropoleCafe.com
May 20, 2001
Gold $286.50 up $12.65
Silver $4.55 up 8 cents
On Friday I informed you that it was the bullion
dealers and trade that ran up the gold price after it
broke above $275. I explained that it was clear to me
that once the dealers saw the Gold Cartel losing, they
panicked -- for they know what is coming down the road.
Jay Taylor explains the GATA rally in gold at Gold-Eagle
Submitted by cpowell on Sun, 2001-05-20 03:00 Section: Daily DispatchesGold soars in classic investment 'squeeze'
By Allan Robinson
Mining Reporter
The Globe and Mail, Toronto
a href=http://www.theglobeandmail.comhttp://www.theglobeandmail.com/a
Saturday, May 19, 2001
The price of gold soared $13.80 (U.S.) an ounce in a
surge of afternoon trading yesterday to close the day
at $287.80.
The upward swing came abruptly after lacklustre trading
throughout the morning, traders said.
Durban Roodeport Deep supports GATA again and again
Submitted by cpowell on Sat, 2001-05-19 03:00 Section: Daily DispatchesBy 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
Submitted by cpowell on Fri, 2001-05-18 03:00 Section: Daily DispatchesBy Tim Wood
TheMiningWeb.com
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
covering.
* * *
For the complete story:
It takes a monumental event to get gold moving like this
Submitted by cpowell on Fri, 2001-05-18 03:00 Section: Daily DispatchesBy Lisa Sanders
wwwCBS.MarketWatch.com
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
Submitted by cpowell on Thu, 2001-05-17 03:00 Section: Daily Dispatchesquot;MIDASquot; COMMENTARY FOR MAY 16, 2001
DUPLICATION PROHIBITED WITHOUT PERMISSION
By Bill Murphy
www.LeMetropoleCafe.com
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
Submitted by cpowell on Wed, 2001-05-16 03:00 Section: Daily DispatchesMIDAS COMMENTARY FOR MAY 14, 2001
By Bill Murphy
www.LeMetropoleCafe.com
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
Submitted by cpowell on Wed, 2001-05-16 03:00 Section: Daily Dispatches11:38p 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=http://groups.yahoo.com/group/gata/message/734http://groups.yahoo.com/gr...
No panic yet -- but wait until this afternoon!
Submitted by cpowell on Wed, 2001-05-16 03:00 Section: Daily Dispatches10a 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
Submitted by cpowell on Wed, 2001-05-16 03:00 Section: Daily DispatchesDaily gold market commentary
for May 16, 2001
at www.USAGold.com
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
Pages
