Daily Dispatches

Gold shines in several economic scenarios

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Noon EDT Sunday, October 10, 1999

Dear Friend of GATA and Gold:

Here's much of GATA Chairman Bill Murphy's most recent
"Midas" commentary, for Friday, October 8, posted at
www.lemetropolecafe.com. I'm not able to reproduce a
chart from his commentary, and I've shortened the whole
thing a bit in the hope of avoiding having this come to
you as an attached file. If this does come to you as an

A vengeful gold has come back from the dead

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Dear Friend of GATA and Gold:

You'll enjoy this story from Reuters from a few days
ago, wherein Prudential Bache's Ted Arnold acknowledges
the possibility of an imminent new rise in the gold
price even as he tries to persuade himself that it
wouldn't mean anything and that the price would drop
right back down. Of course I'm biased, but it sounds to
me like whistling past the graveyard, wherein a few new

Short-term gold lease rates jump again

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12:50a EDT Friday, October 8, 1999

Dear Friend of GATA and Gold:

Here's another brilliant essay by Reginald H. Howe,
Harvard-trained lawyer, financial analyst, former
mining company manager, and good friend to GATA,
just posted at his web site, www.goldensextant.com.

It examines the hedging catastrophe at Cambior and
speculates on a way out of it -- a way that closely
resembles GATA's raison d'etre (if we all can parlez

Chaos for anyone short or near a short

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12:05a Friday, October 8, 1999

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy sent these comments
Thursday night to his subscribers at
www.lemetrpolecafe.com as a preface to the essay
by John Hathaway that I sent you a few minutes ago.
It's a reminder that GATA's forecasts from the spring
and summer are coming true.

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

Cambior''s catastrophe and maybe a way out

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12:35a EDT Friday, October 8, 1999

Dear Friend of GATA and Gold:

This Reuters story is interesting for its quoting the
Wall Street Journal's identification of Ashanti Gold's
creditors, who are now holding a very heavy bag of
debt. First on the list is Goldman Sachs.

Please post this as seems useful.

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

* * *

LONDON, Oct. 7 (Reuters) -- Gold prices bounced off the

Short position bigger than even Hathaway says

Section:

11:50p EDT Thursday, October 7, 1999

Dear Friend of GATA and Gold:

Here's another crucial essay by John Hathaway of
Tocqueville Asset Management, who, like GATA
Chairman Bill Murphy, has called the gold market
exactly for months now. You may remember
Hathaway's essay, "The Golden Pyramid," which
forecast the collapse of the gold carry trade, and
his alert, on the Friday before the gold market

Goldman Sachs tops list of Ashanti''s creditors

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12:25a EDT Friday, October 8, 1999

Dear Friend of GATA and Gold:

Here's a good article from Reuters about the chaos in
the gold mining industry arising from the excessive use
of hedging.

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

* * *

Thursday, October 7, 4:49p EDT

GOLD MARKET AWAITS
INDUSTRY FALLOUT FROM PRICE SURGE

By Alden Bentley

NEW YORK, Oct. 7 (Reuters) -- The world gold industry

Only way out of short squeeze is hundreds up

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12:20a EDT Thursday, October 7, 1999

Dear Friend of GATA and Gold:

The gold defaults have spread from Karachi to
Ghana and Canada, what with the collapse in
the last two days of a major gold producer,
Ashanti, and a medium producer, Cambior.

In a new dispatch tonight at his web site,
www.lemetropolecafe.com, GATA Chairman
Bill Murphy says that Ashanti's banker, the
whiz that persuaded the miner to sell forward

World may send U.S. inflation back home

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12:50a EDT Wednesday, October 6, 1999

Dear Friend of GATA and Gold:

It now has been edited, so I'm sending you here the
transcript of GATA Chairman Bill Murphy's interview
Tuesday with Alex Hogg on the South African radio
program "Moneyweb."

GATA continues to take its message around the world
every day, and we're being heard by millions now.

Please post this as seems useful.

The hedging horror unfolds

Section:

9:25p EDT Wednesday, October 6, 1999

Dear Friend of GATA and Gold:

Yesterday GATA Chairman Bill Murphy was on nationwide
radio in South Africa. Today he was featured in a major
article at WorldNetDaily.com. Here it is. Please post it as
seems useful.

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

* * *

GOLD MARKET MANIPULATION MESSAGE TAKES HOLD

By Jon E. Dougherty

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