Daily Dispatches

What if central banks have dumped their gold already?


12:10a EDT Monday, June 19, 2000

Dear Friend of GATA and Gold:

GATA gets many suggestions, and some were offered to
us publicly the other day by Ted Butler, who frequently
has written about the precious metals markets and
particularly about silver.

Butler's essay is posted at:


Interview with GATA Chairman Bill Murphy


Why Barrick has most to lose
from Gold Fields-Franco-Nevada merger

By Keith Damsell
June 14, 2000

The $3.7 billion merger of Franco-Nevada and Gold
Fields is expected to send a shock wave across Canada's
mining sector with a wide mix of players feeling the
impact of the deal.

"This changes the face of the industry," said one
Toronto analyst that's working on the merger. "There's

Gold Fields/Franco merger bad for Barrick


11a EDT Tuesday, June 13, 2000

Dear Friend of GATA and Gold:

Below is the press release announcing the merger of
Gold Fields and Franco-Nevada. The people at these
companies believe in gold's historic purposes and
have been acting from that belief, and so I think
that this couldn't be better for the gold cause.

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

Gold Fields and Franco-Nevada to merge


Copyright 2000, www.LeMetropoleCafe.com
Not to be reproduced without permission

By Bill Murphy
June 11, 2000

Spot gold $286.50, up $2.80
Spot silver $5.03, down 2 cents


They could not look better! A spike up from $270+ spot
gold to $292. Then a run of several one-day small
pullbacks, with the 200 day moving average holding like

Gold price suppression summarized, documented by Howe


By Bill Murphy, Chairman
Gold Anti-Trust Action Committee
June 10, 2000

Neil Behrman of www.miningweb.com called me last week
about a story he was doing on the recently revealed
gold derivative positions. Here's what Behrman

* * *

Bullion Banks' $190 Billion Derivatives Position

By Neil Behrman
June 8, 2000

Gold bulls have been thwarted again.

An extensive $20 short covering rally by commodity

Midas commentary for June 12, 2000


9:45p EDT Monday, June 12, 2000

Dear Friend of GATA and Gold:

For evidence that GATA's "Gold Derivative
Banking Crisis" report is zipping around
the world, you might want to check out an
interesting essay by Adam Hamilton at
www.Gold-Eagle.com. Hamilton analyzes the
leverage to the gold price of three leading
South African mining companies, Gold Fields,
Harmony, and Durban Deep, and GATA's report

Mining Web conned by bullion bank shill


10:45p EDT Thursday, June 8, 2000

Dear Friend of GATA and Gold:

You'll see from GATA Chairman Bill Murphy's
comments below that GATA now is raising
serious questions about what is going on
with gold being shipped out of the Federal
Reserve Bank of New York and how it is being
accounted for. We just might have a few
government agencies going at it before long.

The Internet site of the Martin Armstrong

Central Banks vs. Gold: Winning Battles but Losing the War?


12:30a EDT Monday, June 12, 2000

Dear Friend of GATA and Gold:

The following essay by Reginald H. Howe of www.GoldenSextant.com
may summarize and document the manipulation of the gold price
more comprehensively than anything yet written. An understanding
of the gold market and the forces GATA is confronting starts
here. So please post this as widely as you can.

CHRIS POWELL, Secretary/Treasurer

GATA makes more trouble at the NY Fed


11:55p EDT Wednesday, June 7, 2000

Dear Friend of GATA and Gold:

This commentary by Clive Roffey at the Moneyweb
Internet site is interesting for its acceptance
of GATA's contention that the price of gold is
being manipulated. It's all the more interesting
for its suggestion that the manipulators are
losing control.

Please post this as seems useful.

CHRIS POWELL, Secretary/Treasurer

One more analyst acknowledges manipulation


By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Wednesday, June 7, 2000

Deutsche Bank, along with some help from Goldman Sachs,
bashed gold early today, taking it down almost $6, but
the funds came in as buyers, taking it back up late in
the day. August gold finished at $290, down only $1.80.

Good ol' $290 again. That is the price the manipulators
have been defending for a couple of years now. They are

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