Daily Dispatches

Auction proved that gold''s higher price is solid

Section:

11p EST Monday, November 29, 1999

Dear Friend of GATA and Gold:

I've put together a little news of the day, most of it
related to the Bank of England's latest gold auction.

Of course GATA isn't in the business of disparaging
gold and you probably wouldn't expect us to put gold
down now, even after today's price decline, but maybe
the two most insightful comments of the day that I've
found are bullish.

News isn''t so bad despite poor results at auction

Section:

1:40a EST Sunday, November 28, 1999

Dear Friend of GATA and Gold:

Here are a few short items of possible interest.

* * *

First, a friend of GATA advises me of something that
might have been misleading in my essay the other day
about the financial analyst Steve Kaplan of
www.goldminingoutlook.com.

I remarked that anyone who has been taking Kaplan's

She''ll prophesy your death. (She won''t say when.)

Section:

3a EST Thursday, November 25, 1999

Dear Friend of GATA and Gold:

Since this is the Thanksgiving holiday in the United
States and news and comment about the gold market are
likely to be slow for a few days, maybe you won't mind
my posting some observations of my own for a change.

But first let me correct an error in my last post to you,
the essay by Anthony Hilton, which I misattributed to

A good day for gold, if not for Steve Kaplan

Section:

1a EST Thursday, November 25, 1999

Dear Friend of GATA and Gold:

A column in the London Daily Telegraph this week
elaborates on the issue raised the other day by Ted
Butler at www.gold-eagle.com -- whether the bankers to
the mining industry have taken some of their clients
for a very costly ride.

The column follows.

Please post this as seems useful.

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

Bullion banker integrity doubted in London

Section:

11:25p EST Tuesday, November 23, 1999

Dear Friend of GATA and Gold:

Three items of interest tonight:

1) A statement by the managing director of Anglogold,
Kevin Williams, about the third Bank of England gold
auction, scheduled for next Monday. Williams says
Anglogold, the world's largest gold miner, is considering
bidding. Let's hope AU does so and thereby strikes
another blow for the industry, as AU's chief executive,

Next auction, more on hedging, and Golden View

Section:

11p EST Monday, November 22, 1999

Dear Friend of GATA and Gold:

After sending to you yesterday Adrian Day's essay
about hedging in the gold mining industry, dated
November 18 and taken from Adrian Day's Global
Analyst, I noticed some posts at Internet bulletin
boards attributing Day's hedge ratings and stock
recommendations to GATA.

The same kind of thing happened the other day after I

GATA''s purpose isn''t to endorse stocks

Section:

1a EST Sunday, November 21, 1999

Dear Friend of GATA and Gold:

The following essay about hedging by the financial
commentator Adrian Day, posted three days ago,
may be pretty elementary for you in some respects,
but his evaluation of some major companies according
to their hedge books may interest you.

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

* * *

By Adrian Day

Adrian Day rates miners by their hedge books

Section:

12:45p EST Sunday, November 21, 1999

Dear Friend of GATA and Gold:

Ted Butler, who often comments on the precious metals
markets, has posted an important essay at www.Gold-
Eagle.com. It makes a strong and documented case that
some major gold mining companies have been swindled by
their bankers and that the shareholders of these companies
essentially have been expropriated. It's must reading and

Miners swindled by their own bankers

Section:

11:45p EST Thursday, November 18, 1999

Dear Friend of GATA and Gold:

Here's another excellent essay by financial analyst,
Harvard-trained lawyer, and former mining company
executive Reginald H. Howe at his web site,
www.goldensextant.com. Howe describes how gold
interests have failed to handle gold in ways that would
increase its financial utility and general value. Let's
hope that a few take the hint. You might help them by

How the gold business could help itself

Section:

10:30p EST Tuesday, November 16, 1999

Dear Friend of GATA and Gold:

I haven't had much to share with you for the last week,
so GATA Chairman Bill Murphy has agreed to my
distributing his latest "Midas" commentary at
www.LeMetropoleCafe.com. It follows. Please post this
as seems useful.

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

* * *

"MIDAS" COMMENTARY FOR NOVEMBER 16, 1999

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