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Daily Dispatches

Response to Martin Armstrong

Section: Daily Dispatches

2:30p EDT Thursday, July 1, 1999

Dear Friend of GATA and Gold:

Martin Armstrong of Princeton Economics
International has replied to Professor von Braun's
reply to his essay of June 28.

While I have received some hostile and even violent
reaction to my posting Martin's commentaries because
they disagree in part with the beliefs of many
advocates of gold, I think we benefit immensely from

Professor Von Braun solves the mystery

Section: Daily Dispatches

11p EDT Monday, June 28, 1999

Dear Friend of GATA and Gold:

There's been a lot of favorable response to Professor
Von Braun's essay on the mystery of the gold market.

There also has been some response to Martin Armstrong's
essay, quot;Gold: Manipulation or Exaggeration. It follows
below.

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

* * *

Mark Warnes writes:

How Barrick Gold evades hedging rules

Section: Daily Dispatches

12:30a EDT Monday, June 28, 1999

Dear Friend of GATA and Gold:

It's time again for an exchange with an expert and
articulate critic, Martin Armstrong of Princeton
Economics International, who has graciously given
permission for me to send to you the essay below,
recently posted at the PEI web site.

Martin and I had an exchange here some weeks ago
and I hope it was as enlightening to you as it was fun

Martin Armstrong disputes gold manipulation

Section: Daily Dispatches

10p EDT Monday, June 28, 1999

Dear Friend of GATA and Gold:

Here's a great essay posted today at
www.lemetropolecafe.com by a great supporter of GATA
who writes as Professor Von Braun of the Rocket School
of Economics. It is in part a reply to the recent essay
by Martin Armstrong of Princeton Economics
International.

Please post as seems useful.

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

Now Gartman Letter Sounds Like GATA

Section: Daily Dispatches

11:30a EDT Sunday, June 27, 1999

Dear Friend of GATA and Gold:

You're sure to be interested in Ted Butler's latest essay
at www.gold-eagle.com.

Butler examines the masssive gold short position of
Barrick Gold on the commodities exchange and describes
how the company has effectively evaded ordinary limits
on hedging. He also describes the inattentiveness of
the Commodities Futures Trading Commission.

Part 3, House of Commons sounds like GATA

Section: Daily Dispatches

11a EDT Saturday, June 26, 1999

Dear Friend of GATA and Gold:

Here's a special dispatch from GATA Chairman
Bill Murphy to members of his web site,
www.lemetropolecafe.com.

While signs of manipulation of the gold market are
everywhere, I am encouraged by the growing and
increasingly influential opposition to the proposal to
have the International Monetary Fund sell gold
assigned to it by its member nations. It is now generally

House of Commons sounds like GATA, Part 1

Section: Daily Dispatches

Part 3, House of Commons sounds like GATA

We will have a better diversified portfolio. We will
not be as concentrated in gold as in the past. At the
moment, we are twice as exposed to movements in the
gold price as to movements in the value of the dollar.
Therefore, it is a simple portfolio decision, designed
to reduce the risk borne by the British taxpayer.

The hon. Members for Louth and Horncastle and for

Part 2, House of Commons sounds like GATA

Section: Daily Dispatches

11:15p EDT Thursday, June 17, 1999

Dear Friend of GATA and Gold:

Please pardon the length of this dispatch -- it's in
three parts -- but I think you will find it interesting. It is
the better part of a debate yesterday in the British
House of Commons about the Bank of England's plan
to sell a huge part of its gold reserves.

Two members, Sir Peter Tapsell and Quentin Davis,
conducted the debate for the gold side essentially on

A Denial by Long-Term Capital Management

Section: Daily Dispatches

PART 2, HOUSE OF COMMONS SOUNDS LIKE GATA

I have already quoted Mr. Greenspan, who said that in
1944 Germany could not buy anything except with gold.
In a real crisis, there is no doubt that gold is
important. It is not just my taxi driver who takes that
view. When I was in Vietnam last year, everybody told
me that every Vietnamese peasant has gold underneath
his floorboards or his straw because the Vietnamese

Gold shorts are in for a surprise

Section: Daily Dispatches

1p EDT Thursday, June 17, 1999

Dear Friend of GATA and Gold:

Long-Term Capital Management has sent our lawyers a
formal denial of involvement in the gold business,
though its wording is something less than comprehensive.
The following dispatch from Dow Jones Commodities
Service today explains the situation.

As veteran of quite a few libel lawsuits and threats of
lawsuits during my 30 years in the newspaper

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