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Daily Dispatches
Ted Arnold whistles past the graveyard
Submitted by cpowell on Sun, 1999-10-10 03:00 Section: Daily Dispatches1a EDT Saturday, October 9, 1999
Dear Friend of GATA and Gold:
Here are the relevant parts of the quot;After The Close/The
Golden View from The Towerquot; commentary for Friday night
from www.usagold.com.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee
* * *
AFTER THE CLOSE:
THE GOLDEN VIEW FROM THE TOWER
www.usagold.com
October 8, 1999
As they would say in Europe, quot;psychopathsquot; ruled the
A vengeful gold has come back from the dead
Submitted by cpowell on Sun, 1999-10-10 03:00 Section: Daily DispatchesDear Friend of GATA and Gold:
You'll enjoy this story from Reuters from a few days
ago, wherein Prudential Bache's Ted Arnold acknowledges
the possibility of an imminent new rise in the gold
price even as he tries to persuade himself that it
wouldn't mean anything and that the price would drop
right back down. Of course I'm biased, but it sounds to
me like whistling past the graveyard, wherein a few new
Gold shines in several economic scenarios
Submitted by cpowell on Sun, 1999-10-10 03:00 Section: Daily DispatchesNoon EDT Sunday, October 10, 1999
Dear Friend of GATA and Gold:
Here's much of GATA Chairman Bill Murphy's most recent
quot;Midasquot; commentary, for Friday, October 8, posted at
www.lemetropolecafe.com. I'm not able to reproduce a
chart from his commentary, and I've shortened the whole
thing a bit in the hope of avoiding having this come to
you as an attached file. If this does come to you as an
Milhouse on prospects for hedged and unhedged
Submitted by cpowell on Sun, 1999-10-10 03:00 Section: Daily Dispatches8:40p EDT Sunday, October 10, 1999
Dear Friend of GATA and Gold:
Here's an interesting article from Friday's Australian
Financial Review, forecasting gold's success in a
number of hypothetical world financial scenarios.
Please post this as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
GOLD SHINES THROUGH GLOBAL GLOOM
By Tony Boyd
Global Markets Editor
Short-term gold lease rates jump again
Submitted by cpowell on Sat, 1999-10-09 03:00 Section: Daily Dispatches12:50a EDT Friday, October 8, 1999
Dear Friend of GATA and Gold:
Here's another brilliant essay by Reginald H. Howe,
Harvard-trained lawyer, financial analyst, former
mining company manager, and good friend to GATA,
just posted at his web site, www.goldensextant.com.
It examines the hedging catastrophe at Cambior and
speculates on a way out of it -- a way that closely
resembles GATA's raison d'etre (if we all can parlez
Only way out of short squeeze is hundreds up
Submitted by cpowell on Thu, 1999-10-07 03:00 Section: Daily Dispatches12:20a EDT Thursday, October 7, 1999
Dear Friend of GATA and Gold:
The gold defaults have spread from Karachi to
Ghana and Canada, what with the collapse in
the last two days of a major gold producer,
Ashanti, and a medium producer, Cambior.
In a new dispatch tonight at his web site,
www.lemetropolecafe.com, GATA Chairman
Bill Murphy says that Ashanti's banker, the
whiz that persuaded the miner to sell forward
Short position bigger than even Hathaway says
Submitted by cpowell on Thu, 1999-10-07 03:00 Section: Daily Dispatches11:50p EDT Thursday, October 7, 1999
Dear Friend of GATA and Gold:
Here's another crucial essay by John Hathaway of
Tocqueville Asset Management, who, like GATA
Chairman Bill Murphy, has called the gold market
exactly for months now. You may remember
Hathaway's essay, quot;The Golden Pyramid,quot; which
forecast the collapse of the gold carry trade, and
his alert, on the Friday before the gold market
Chaos for anyone short or near a short
Submitted by cpowell on Thu, 1999-10-07 03:00 Section: Daily Dispatches12:05a Friday, October 8, 1999
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy sent these comments
Thursday night to his subscribers at
www.lemetrpolecafe.com as a preface to the essay
by John Hathaway that I sent you a few minutes ago.
It's a reminder that GATA's forecasts from the spring
and summer are coming true.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
Goldman Sachs tops list of Ashanti''s creditors
Submitted by cpowell on Thu, 1999-10-07 03:00 Section: Daily Dispatches12:25a EDT Friday, October 8, 1999
Dear Friend of GATA and Gold:
Here's a good article from Reuters about the chaos in
the gold mining industry arising from the excessive use
of hedging.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
Thursday, October 7, 4:49p EDT
GOLD MARKET AWAITS
INDUSTRY FALLOUT FROM PRICE SURGE
By Alden Bentley
NEW YORK, Oct. 7 (Reuters) -- The world gold industry
Cambior''s catastrophe and maybe a way out
Submitted by cpowell on Thu, 1999-10-07 03:00 Section: Daily Dispatches12:35a EDT Friday, October 8, 1999
Dear Friend of GATA and Gold:
This Reuters story is interesting for its quoting the
Wall Street Journal's identification of Ashanti Gold's
creditors, who are now holding a very heavy bag of
debt. First on the list is Goldman Sachs.
Please post this as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
LONDON, Oct. 7 (Reuters) -- Gold prices bounced off the
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