Daily Dispatches

Murphy address to GATA African Gold Summit in Durban

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Metals stock indexes rally;
gold's technicals attract bank buyers

By Myra P. Saefong
MarketWatch.com
May 9, 2001

NEW YORK (CBS.MW) -- The benchmark indexes for metals-
related stocks rallied to their highest level in nearly
a year Wednesday as gold prices broke above $269 an
ounce for the first time in two months.

Charles Nedoss, a gold analyst at Chicago brokerage
house SpikeTrading.com attributed gold's price rise to

New questions for Fed chairman and treasury secretary

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2:23p ET Wednesday, May 9, 2001

Dear Friend of GATA and Gold:

News from GATA Chairman Bill Murphy, safely arrived at the
front, South Africa, for the GATA African Gold Summit tomorrow
in Durban....

1) Murphy was interviewed at length today on the most popular
national radio program in South Africa, the Tim Modise show
on the South African Broadcasting Co. network. This was heard
all over the country and set off an explosion of interest.

CBS MarketWatch story cites GATA''s Durban conference

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By Adam Aljewicz
Dow Jones Newswires
May 9, 2001

JOHANNESBURG -- It's around two years since the U.S.-
based Gold Antitrust Action Committee came out and
accused some of Wall Street's finest of conspiring with
the Bank for International Settlements and U.S.
government and Federal Reserve officials to depress the
price of gold.

In those two years GATA has been vilified by market
professionals for peddling harebrained conspiracy

GATA sweeps South Africa on eve of Durban conference

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8:38a ET Wednesday, May 9, 2001

Dear Friend of GATA and Gold:

Monday the Financial Times wrote about us, and
today the London Evening Standard did. Both stories
are in the context of the report out of the London
Business School dismissing the impact of derivatives
on the gold market and purporting to "refute" GATA's
complaint. (If only the big papers remembered their
Journalism 101 -- off the opinion page, it's "rebut,"

Dow Jones report prepares for Durban conference

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3:43p ET Wednesday, May 9, 2001

Dear Friend of GATA and Gold:

Below are the questions I have put to Fed Chairman Alan Greenspan
and Treasury Secretary Paul O'Neill through Sen. Joseph I.
Lieberman. It would help if others in the United States asked
their congressmen to do the same.

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

* * *

1) What are the "gold swaps" cited in the minutes of the January

Evening Standard reports putdown of GATA

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12:19a ET Tuesday, May 8, 2001

Dear Friend of GATA and Gold:

Just imagine the help the gold cause would get if more
American citizens followed the example set by Joseph N.
Tlaga with his open letter to the U.S. Treasury
Department, posted at Gold-Eagle:

http://www.gold-eagle.com/editorials_01/tlaga050901.html

CHRIS POWELL, Secretary/Treasurer

A citizen confronts the U.S. Treasury Department on behalf of gold

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By Gillian O'Connor
Financial Times
Monday, May 7, 2001

The London Business School has debunked the popular myth of an
international conspiracy to suppress the price of gold.

Fans of gold, notably the US-based Gold Anti-Trust Action Committee
(GATA), believe that at least part of the once-precious metal's price
weakness can be attributed to a conspiracy between the Bank for
International Settlements, top officials at the US Treasury

Financial Times story cites GATA lawsuit

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11:32p ET Saturday, May 5, 2001

Dear Friend of GATA and Gold:

Here is the press release GATA has issued in Africa about
next week's GATA African Gold Summit.

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

* * *

May 4, 2001

African Gold Summit (Gold Anti-Trust Action Committee)

Delegates representing mining companies in South Africa
(Harmony, Gold Fields, Durban Roodepoort Deep) as well

Press release for GATA African Gold Summit

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12:49p ET Saturday, May 5, 2001

Dear Friend of GATA and Gold:

There's a fine essay at Gold-Eagle by Steve Saville, writing
from Hong Kong, that concludes with a point GATA has been
making for a couple of years now, and so I can't resist
thrusting it on you:

"The gold mining industry needs to wake up and
realise that its product is money, not an industrial
commodity. The more the miners and the World

Miners must come to realize their product is money, not jewelery

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By Adam Hamilton
May 4, 2001
http://www.zealllc.com

While the gold price appears to be calm and placid,
powerful forces war behind the scenes in a life-or-
death struggle to shape the gold market of the new
millennium.

The world gold markets are embroiled in a raging gold
information war. The stakes are stupendously high, as
the state of the gold market and the price of gold do

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