Daily Dispatches

GATA press release to expose ESF/Bundesbank gold swap


By Bill Murphy
April 22, 2001

A brand new day is coming.

It is Sunday morning and I am reflecting a bit over the
past 27 months that Chris Powell and I, as well as so
many other stout GATA supporters, have been trying to
wake up the gold and investment world to realize that
the gold market has been manipulated by certain bullion
banks and a faction of the U.S. government.

"Midas" commentary for April 22, 2001


* * *

There you have it. The ESF doesn't have to notify
Congress about anything in advance. It is under the
sole authority of the secretary of the treasury and the
president, and they can do "gold swaps" without any
congressional approval, which brings up an important
point I made in "The Smoking Gun."

I had noted a curious pattern in the correspondence
emanating from the Treasury Department. The secretary

Fed minutes reveal that ESF surreptitiously lends U.S. gold


By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
April 16, 2001

Gold producers around the world have been invited to
the GATA African Gold Summit in Durban, South Africa,
on May 10.

In the past, when asked about the manipulation of the
gold market, many gold producers have told their
shareholders that they have found no evidence of gold
market manipulation. That is about to change. The

How ESF / Bundesbank gold swap caps gold price -- Part 2


By James Turk
The Freemarket Gold & Money Report

This past December in my essay "The Smoking Gun" I
provided proof that the U.S. Treasury Department's
Exchange Stabilization Fund was intervening in the gold
market. From publicly available reports prepared by the
Federal Reserve, I established that the weight of gold
held as a component of the U.S. Reserve Assets has been
changing, and that these changes -- some of which are

How ESF / Bundesbank gold swap caps the gold price -- Part I


12:11a ET Friday, April 20, 2001

Dear Friend of GATA and Gold:

Minutes of the Federal Reserve's Open Market Committee
meeting of January 31, 1995, reveal that the U.S.
Treasury Department's Exchange Stabilization Fund has
been, as GATA long has alleged and as the Treasury
Department has denied, surreptitiously intervening in
the gold market by lending gold.

The minutes were discovered by GATA consultant Reginald

Here''s what GATA wants to show the gold producers -- so help us!


1:16a ET Sunday, April 15, 2001

Dear Friend of GATA and Gold:

The journalist Anne Williamson spoke brilliantly to the
April 4 meeting of the Committee for Monetary Research
and Education in New York. Since her criticism of the
credit bubble is aimed at the international economic
order that GATA also is out to disturb, Williamson's
remarks may be of interest to you, so I'm appending
them here.

Get ready to blame the people for the credit bubble


9:37p ET Wednesday, April 11, 2001

Dear Friend of GATA and Gold:

The economist and author Peter Warburton has
posted a great essay at the Prudent Bear
web site, explaining how the war against gold
being waged by central banks and investment
houses is also a war against all commodities.

You can find the essay here:


The war against gold is a war against all commodities


11:13p ET Sunday, April 8, 2001

Dear Friend of GATA and Gold:

Thanks to GATA's friend Adam Hamilton, the legal responses
of the defendants in Reg Howe's lawsuit against the Bank for
International Settlements and its accomplices in suppressing
the price of gold are now availbale for reading on the
Internet. (Adobe Acrobat Reader is necessary to view them.)
You can find them here:


Replies from GATA/Howe lawsuit defendants posted on Internet


3:29p ET Saturday, April 7, 2001

Dear Friend of GATA and Gold:

GATA's long-time supporters and contributors at
Investment Rarities in Minneapolis have put
together some special offers for your
consideration, and I'm delighted to forward them
to you below.

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

* * *

April 7, 2001

Dear GATA Supporter:

My firm, Investment Rarities Inc., a precious metals

Special offers for GATA supporters from Investment Rarities Inc.


7:34p ET Monday, April 2, 2001

Dear Friend of GATA and Gold:

GATA's friends and longtime supporters at Swiss America
Trading Corp. have a special offer for GATA members and
supporters, which I'm delighted to help inform you about
below. Note that you can get a free gold ingot out of it.
I've seen a few and they're pretty neat, reminders that
we're working toward the day when just one of them will

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