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Daily Dispatches
Don''t just discuss and argue; get out there and DO something
Submitted by cpowell on Mon, 2001-08-20 03:00 Section: Daily DispatchesBy Michael Kosares
www.USAGold.com
August 18, 2001
Steve H. writes: quot;It seems that there is no end to the
confusion over Special Drawing Rights. Is it the
International Monetary Fund gold controlled or held by
the United States that is encumbered? Is it U.S. gold
that is encumbered? Or is it Exchange Stabilization
Fund gold, which is not part of the IMF or U.S. gold,
that is encumbered? Or is all the yellow stuff
On the Turk hypothesis, the gold-lending business, and the future of gold
Submitted by cpowell on Sun, 2001-08-19 03:00 Section: Daily Dispatches9:48a ET Saturday, August 18, 2001
Dear Friend of GATA and Gold:
GATA consultant Michael Bolser has found that the rules
of the International Monetary Fund in regard to gold
are contradictory, putting the IMF in the gold lending
business even as they forbid that business to the IMF.
His memo to a financial journalist follows. The chart
contained in the memo cannot be reproduced here, but it
IMF rules both provide for and forbid gold loans and swaps
Submitted by cpowell on Sat, 2001-08-18 03:00 Section: Daily DispatchesLawsuits Continue To Pursue Summers After Leaving D.C.
By David H. Gellis
Crimson Staff Writer
The Harvard Crimson
www.TheCrimson.com
Cambridge, Mass.
Currency bearing University President Lawrence H. Summers'
signature isn't the only lingering reminder of his time as
Treasury secretary. This week a U.S. District Court judge
in Boston scheduled an October 9 hearing on a motion to
dismiss a lawsuit that names Summers as a defendant.
Larry Summers can run but he can''t hide from GATA
Submitted by cpowell on Fri, 2001-08-17 03:00 Section: Daily Dispatches10:22p ET Thursday, August 16, 2001
Dear Friend of GATA and Gold:
Tim Wood's excellent new essay, quot;Seal the
Next Contract with America in Gold,quot; is now
on the home page of The Mining Web. You
can find it here:
a href=http://www.theminingweb.com/http://www.theminingweb.com//a
The previous links sent tonight aren't working
now.
CHRIS POWELL, Secretary/Treasurer
Seal the next Contract with America in gold
Submitted by cpowell on Thu, 2001-08-16 03:00 Section: Daily Dispatches4:55p ET Wednesday, August 15, 2001
Dear Friend of GATA and Gold:
Here's a CBS MarketWatch story today quoting our friend
John Mesrobian about the campaign to keep gold down.
The more it gets out into the open, the less successful it
will be.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Metals issues climb; prices weaken
By Myra P. Saefong
www.CBS.MarketWatch.com
New locator for Tim Wood''s new essay at The Mining Web
Submitted by cpowell on Thu, 2001-08-16 03:00 Section: Daily Dispatches8:06p ET Thursday, August 16, 2001
Dear Friend of GATA and Gold:
TheMiningWeb.com gets better and better. There's some
fine reporting there tonight, but let me call your attention
particularly to Tim Wood's latest essay, quot;Seal the next
Contract with America in goldquot;:
a href=http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B285256AAA007468ht...
GATA press release publicizes Turk discovery of missing SDRs
Submitted by cpowell on Wed, 2001-08-15 03:00 Section: Daily Dispatches4:25p ET Monday, August 13, 2001
Dear Friend of GATA and Gold:
Brien Lundin, executive editor of Gold Newsletter, has included
in his August issue some supportive commentary that we at
GATA especially appreciate because it recognizes the great
political and ethical purpose of gold in the world economy.
Lundin's commentary is reproduced below, with permission.
But Lundin's support goes much farther. He has invited GATA
Dollar needs external price link, like you-know-what, Calendra writes
Submitted by cpowell on Wed, 2001-08-15 03:00 Section: Daily Dispatches4:30p ET Wednesday, August 15, 2001
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy this morning issued a press
release about GATA consultant James Turk's recent
discovery about the disappearing SDRs. The release
got very good distribution through Business Wire and
good notice throughout the financial business, including
posting by Bridge News and CBS MarketWatch. The
release is below.
Campaign to suppress gold is getting more exposure
Submitted by cpowell on Wed, 2001-08-15 03:00 Section: Daily DispatchesBy Thom Calandra
www.CBSMarketWatch.com
August 15, 2001
NEW YORK (CBS.MW) -- It was a small step for Richard Nixon and a
giant leap backwards for the global monetary system.
When the U.S. president severed the price link between the American
dollar and gold 30 years ago today, White House advisers figured
they had discovered the path to shock-free economic growth. What
followed, instead of the stable consumer prices, low interest rates
Support GATA by attending New Orleans Investment Conference
Submitted by cpowell on Mon, 2001-08-13 03:00 Section: Daily Dispatches11p ET Sunday, August 12, 2001
Dear Friend of GATA and Gold:
With his latest essay, quot;The Mystery of the Disappearing
SDR Certificates,quot; our friend James Turk has done it
again: documented how the U.S. government's suppression
of the price of gold may be working.
GATA supporters in the United States should print this
essay and send it to their congressmen with a request
that the essay be sent to the Federal Reserve and