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Daily Dispatches
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
World may send U.S. inflation back home
Submitted by cpowell on Wed, 1999-10-06 03:00 Section: Daily Dispatches12:50a EDT Wednesday, October 6, 1999
Dear Friend of GATA and Gold:
It now has been edited, so I'm sending you here the
transcript of GATA Chairman Bill Murphy's interview
Tuesday with Alex Hogg on the South African radio
program quot;Moneyweb.quot;
GATA continues to take its message around the world
every day, and we're being heard by millions now.
Please post this as seems useful.
WorldNetDaily.com report features GATA
Submitted by cpowell on Wed, 1999-10-06 03:00 Section: Daily Dispatches9:20p EDT Wednesday, October 6, 1999
Dear Friend of GATA and Gold:
Herewith our friend Gordon R. Franke presents an essay,
quot;Cheating the Neighbors,quot; which elaborates on GATA Vice
Chairman and Treasurer John D. Meyer's recent essay on
the meaning of the European central banks' declaration
in support of gold. I think you'll enjoy and learn from it.
Please post this as seems useful.
The hedging horror unfolds
Submitted by cpowell on Wed, 1999-10-06 03:00 Section: Daily Dispatches9:25p EDT Wednesday, October 6, 1999
Dear Friend of GATA and Gold:
Yesterday GATA Chairman Bill Murphy was on nationwide
radio in South Africa. Today he was featured in a major
article at WorldNetDaily.com. Here it is. Please post it as
seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
GOLD MARKET MANIPULATION MESSAGE TAKES HOLD
By Jon E. Dougherty
GATA''s Murphy on South African radio
Submitted by cpowell on Tue, 1999-10-05 03:00 Section: Daily Dispatches1:05a EDT Tuesday, October 5, 1999
Dear Friend of GATA and Gold:
This Bloomberg dispatch from Australia says the gold-
buying panic has begun. Please enjoy it, and post this
as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
MAD BOTTLENECK IN AUSTRALIAN GOLD MARKET
Sydney, Oct. 5 (Bloomberg) -- Gold rose 4 percent to a
two-year high in Asia as speculators, producers,
Vox populi, vox Dei: Squeeze ''em good!
Submitted by cpowell on Tue, 1999-10-05 03:00 Section: Daily Dispatches9:50p EDT Tuesday, October 5, 1999
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed at length
today on South Africa's most popular financial news
radio show, quot;Moneyweb.quot; A transcript of the interview
can be read on the Internet at:
a href=http://196.36.119.130/BusToday.nsf/%20Currenthttp://196.36.119.130/BusTo...
The transcript appears to have been made by one of
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