Daily Dispatches

Gold carry trade coming to an end


By Bill Murphy
May 23, 2000

Right off the bat today J.P. Morgan came out selling
gold down. I remarked to an associate to look out for
trouble in the stock market. It is starting to appear
that the Plunge Protection Team is running out of
bullets in its effort to prop the stock market up. Sure
enough, today's stock market action was horrendous.
Every feeble rally was sold.

PPT and gold manipulations running out of gas


By Bill Murphy
Chairman, Gold Anti-Trust Action Committee
May 22, 2000

I had not intended to put this out today but I am so
ticked off that I decided a change in the game plan was
in order.

We are truly in a WAR of sorts. As we all know, the
collusion crowd has the money and power. We have the
truth and the Internet.

So I plan to use the Internet to get our side of the
story out to combat the stifling tactics of certain

GATA continues making Washington contacts


12:40p EDT Sunday, May 21, 2000

Dear Friend of GATA and Gold:

Reginald H. Howe of www.GoldenSextant.com has done it

The other day he disclosed that J.P. Morgan and Co.'s
volume of gold derivatives had exploded recently. Now he
is disclosing the same situation with Deutsche Bank.

This means that the primary agents in capping the gold
price have been identified.

GATA will be pursuing this.

Is Deutsche Bank Sabotaging Washington Agreement?


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


By Bill Murphy

Spot gold $273.90, up 90 cents
Spot silver $4.98, down 2 cents

As my namesake, Bob Murphy, said on CNBC about a year
ago, I cannot analyze the gold market using technical

Nuclear bomb hangs above the gold market


Barrick's Munk flies to defence of hedging

By Keith Damsell
May 17, 2000

Peter Munk, chairman of Barrick Gold Corporation, gave an emotional defence
of the company's hedging strategy on May 16, a forward-selling gold program
that has generated profit and controversy for the Toronto mining giant.

"Don't let yourself be taken in by confusion and propaganda," Munk told

Clinton administration goes to war against GATA


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


By Bill Murphy

Spot gold $275.30, down 20 cents
Spot silver $5.11, up 9 cents

The CRB index continues its relentless move higher,
closing at 221.15, up another 1.17 today, well above
its 200-week moving average number of around 219. Oil

Barrick''s Munk defends company''s hedging


Clinton Administration Launches
Counteroffensive Against GATA

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
May 17, 2000

As a result of the "enveloping horn" battle tactic
employed by the Gold Anti-Trust Committee, all heck is
breaking loose.

To begin with, I received this email early this morning
from a member of www.LeMetropoleCafe.com:

"Bill, apparently this article was in the news, then it

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

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