Daily Dispatches

3:26a ET Thursday, July 3, 2003

Dear Friend of GATA and Gold:

The Newmont press release appended here, issued in
the middle of the night U.S. time, suggests that the
company has not gotten concessions from the bullion
bankers of its Yandal division and so is putting
Yandal into a reorganization process by which the
banks might receive even less repayment than Newmont
had offered. We'll have to await more expert analysis

1:41p ET Wednesday, July 2, 2003

Dear Friend of GATA and Gold:

Gold's partisans see market manipulation almost
every week, either in the futures or the shares.
It often involves smashing the price in the last
hour or two of trading to leave a bad and
misleading impression.

Now renowned market analyst Mark Hulburt
acknowledges evidence that market manipulation
is common. In his new commentary today at

7:50p ET Tuesday, July 1, 2003

Dear Friend of GATA and Gold:

GATA consultants Dietmar Siebholz and Florian
Riedl-Riedenstein examine Barrick Gold's
huge and supposedly risk-free gold hedging
position in a new essay at Gold-Eagle. They
conclude that SOMEBODY is going to have to pay
the piper, probably sooner than later. You can
find the essay here:

http://www.gold-eagle.com/editorials_03/siebholz062903.html

9:12a Tuesday, July 1, 2003

Dear Friend of GATA and Gold:

The most enthusiastic endorsement of gold's future
has just been issued by Rick Ackerman of Black Box
Forecasts, whose commentary has been published
widely in newspapers in San Francisco. An excerpt:

"I will not elaborate here on why money is no longer
money, but rather a form of debt. But suffice it to
say, the implications of a fundamentally valueless

5:26p ET Monday, June 30, 2003

Dear Friend of GATA and Gold:

The long headline on this CBSMarketWatch story might as
well have added: "And gold bugs STILL don't realize that
they are going to win."

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

* * *

Gold futures end Q2 with a $10 gain;
metals indexes log gain of at least 18 percent; silver climbs

12:19p ET Tuesday, July 1, 2003

Dear Friend of GATA and Gold:

The Rick Ackerman commentary cited in GATA's previous
dispatch has been moved into the archive at his Internet
site. Now you can find it here:

http://www.marketwise.com/MW_WiseG/BBF_Archive/20030630.htm

CHRIS POWELL, Secretary/Treasurer

Newmont announces 83% acceptance
of Yandal bond tender offer

(Newmont press release)

http://biz.yahoo.com/prnews/030627/laf023b_1.html

DENVER, June 27 -- Newmont Mining Corp. today announced
that it has received tenders totaling $196.8 million
representing 83%) in response to its offer through its
subsidiary, Yandal Bond Company Limited (YBCL) to acquire

10:58p ET Thursday, June 26, 2003

Dear Friend of GATA and Gold:

Sprott Asset Management's new president, John Embry,
turned up again on ROB-TV in Canada on Tuesday
night, and GATA's Mark Webber not only hung on
every word but once again produced a transcript, which
is appended. It is encouraging on account of Embry's
telling a nationwide audience that the bashing of the
gold price this week was obviously an attempt to

9:31p ET Thursday, June 26, 2003

Dear Friend of GATA and Gold:

These are tough days for gold and particularly for junior
mining companies, even those that have great properties
and prospects. So a new post at MineWeb is a delight:
the story of a junior mining company in South Africa
whose chief executive and chief financial officer have
just pledged their own shares in the company as
collateral for a company loan for an ore-processing

12:52p ET Sunday, June 22, 2003

Dear Friend of GATA and Gold:

Jay Taylor of J. Taylor's Gold and Technology Stocks
newsletter has new commentary at Gold-Eagle, wherein
he asks the musical question: "Is the Bernanke
High-Tech Money-Creation Machine Finally Working?"
(The music is Chopin's "Marche Funebre.") There's
favorable mention of the work of GATA and its
consultant, Frank Veneroso. You can find the new