Daily Dispatches

Privateer on interest rate hike and gold


10:15p EDT Monday, May 15, 2000

Dear Friend of GATA and Gold:

The text and image of the new GATA two-page
advertisement in Roll Call, published today,
are ready for viewing at GATA's informational
web site at:


We're having an impact in Washington, thanks
to our great supporters.

Please post this as seems useful.

Midas commentary for May 16, 2000


5p EDT Tuesday, May 16, 2000

Dear Friend of GATA and Gold:

You may enjoy this commentary from Bill Buckler's
Privateer Market Letter, which, apart from being
insightful, mentions GATA toward the end.

Buckler asks whether GATA last week told Congress
that it should give up on the dollar and return the United
States to a gold standard. We didn't. We think the
dollar has its place as much as gold does. But we

New GATA ad posted at www.GATA.org


12:05a EDT Monday, May 15, 2000

Dear Friend of GATA and Gold:

Reginald H. Howe of www.goldensextant.com demonstrates
in his latest essay that the Federal Reserve knows more
about the manipulation of the gold market than it is letting
on. His essay is accompanied by three important charts that
cannot be reproduced in this simple email. So I have copied
the text here, made parenthetical insertions showing where

Fed knows more about gold manipulation than it admits



By Bill Murphy, Chairman
Gold Anti-Trust Action Committee
and proprietor, www.LeMetropoleCafe.com

May 14, 2000

Many battles have been won throughout history using the
element of surprise. As members of www.LeMetropoleCafe.com
and GATA know, the Gold Anti-Trust Action Committee has
employed the "enveloping horn" battle tactic of the great South

New GATA offensive starts in the morning


11:15p EDT Friday, May 12, 2000

Dear Friend of GATA and Gold:

On Wednesday at 11:30 a.m. the Gold Anti-Trust Action
Committee -- consisting of Chris Powell, Reginald Howe,
Frank Veneroso, a state senator, and myself -- met with
one of the most powerful officials in Washington. It
was supposed to be only a 15-minute meeting. It lasted
45 minutes.

Toward the end of the meeting we were excused from the

Murphy''s report on GATA trip to Washington


10:45p EDT Thursday, May 18, 2000

Dear Friend of GATA and Gold:

John Hathaway of the Tocqueville Gold Fund has followed
Reginald H. Howe of www.GoldenSextant.com in analyzing
the huge gold liabilities recently undertaken by J.P.
Morgan & Co. Hathaway concludes that bullion dealers
are completely unprepared for the looming reversal in
the gold market.

I've not been able to reproduce the chart that accompanies

John Hathaway examines Morgan''s gold position


1a EDT Thursday, May 10, 2000

Dear Friend of GATA and Gold:

On Wednesday the GATA delegation to Washington met
with high officials of Congress and their staffs to present
evidence that the price of gold is being manipulated and
that gold loans have reached levels that threaten the U.S.
and world banking systems. We presented GATA's new
report, "Gold Derivative Banking Crisis," and asked that

Congress gets interested in gold manipulation


10p EDT Monday, May 8, 2000

Dear Friend of GATA and Gold:

The Battle of Washington is about to commence.

A little more than a year ago the Gold Anti-Trust
Action Committee developed a strategy to win the day
against the manipulators of the gold market. Our
strategy was based on the "enveloping horn" tactic of
the great South African Zulu chieftain, Shaka.

That strategy is working for us as it worked for him.

GATA presents its evidence to Congress this week


Canada's Barrick sees strong gold prices ahead

LIMA, Peru, May 4 (Reuters) -- Canada's Barrick Gold
Corp. is betting on strong future gold prices in 2000
as world demand for the precious metal improves about
20 percent over 1999, the head of its Peruvian unit
said Thursday.

Driven by increased Asian demand and renewed interest
by investors in gold as an alternative to inflation-
threatened currencies, prices are set to shine, said

Midas commentary for May 4, 2000


3:40p EDT Thursday, May 4, 2000

Dear Friend of GATA and Gold:

A few minutes ago the XAU was up 4.6 percent and
Barrick Gold, ABX, the hedge fund that masquerades
as a gold miner, was running from even to DOWN a
third of a percent. Some would call this irrational, but
not us at GATA. And if the markets are going to be
irrational, they might as well be irrational on our side
once in a while. In any case gold is getting attention

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