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Daily Dispatches

Harry Bingham commentary for May 10, 1999

Section: Daily Dispatches

From World Net Daily
Tuesday, May 11, 1999

Trouble in the gold market?
Analysts see move to manipulate prices

By Jon E. Dougherty
c 1999

Whether influenced by uncertainties stemming from Y2K
or because global financial markets took a dramatic
turn for the worst, most gold analysts agree that 1998
was a "record year" for sales. So far, in 1999, record
buying has not subsided, according to the U.S.

Midas Commentary for May 10, 1999

Section: Daily Dispatches


Following is a gold report by Harry Bingham,
internationally acclaimed gold expert, president of Van
Eck Institutional Advisers and manager of PIMCO
Precious Metals Fund among other accounts. Furthermore,
he is a well-known speaker of frequent Gold Conferences
in the U.S. and Canada and is often interviewed on
nationally syndicated TV programs.

Last Chance to Buy Gold at Low

Section: Daily Dispatches


Spot Gold $277.30 down $5.30
Spot Silver $5.40 down 1 cent

Technicals --

Not so fast, Rip Van Winkle. Just as the gold market
was finally stirring up serious bullish commentary all
over the world, it was bushwhacked on Friday as the
shorts had to call in the Bank of England cavalry,to
announce that they are selling 415 tonnes of gold, to
defend "Navarone." The price of gold was sent reeling

Another article from

Section: Daily Dispatches


Thu, 06 May 1999

To worry about the current low price of gold today is
the wrong approach since Y2K will take care of these
temporary price issues.

It is my opinion after 2 1/2 years and 3500 hours of
research and lectures that gold prices will have no
problem in advancing this Fall through the year 2000.
The current "short positions" held by banks, and

Essay by David Elliott

Section: Daily Dispatches

Saturday, May 8, 1999

Dear Friends of GATA:

I'm sending you along with this two interesting
articles about what happened to gold on Friday.

One is from the Financial Post. The other is
commentary by Bill Murphy, chairman of the
Gold Anti-Trust Action Committee, sent to
members of

I encourage you to share them with all friends
of gold and to continue to spread the word that

Two articles and an appeal

Section: Daily Dispatches

'Old Lady' swats the gold bugs

Some suspect 'cabal' is
protecting the short-sellers

Saturday, May 08, 1999

By William Hanley
The Financial Post

Pity the poor gold bugs. Just as they are getting ready
to get all caught up in a new wave of excitement about
a gold rally in the making, along comes the mean "Old
Lady of Threadneedle Street" to swat them yet again.
The Bank of England -- headquartered on Threadneedle

Financial Post on Bank of England

Section: Daily Dispatches

The English Poodle and TheStreet

Friday, May 7, 1999

By Bill Murphy

Last night, in the Midas du Metropole commentary at the
James Joyce Table (as many of you know), I went over
the supply/demand situation of the gold market, as I
saw it.

If you recall, it was clear from the commentary that
the bears were running out of ways to talk down the
market and the price of gold had risen to a point that

Bill Murphy on Bank of England

Section: Daily Dispatches


By Steven Jon Kaplan

Gold Mining Outlook

5 p.m. EDT, Friday, May 7, 1999.


Buy more gold.

Although the Bank of England announced early Friday
morning that they are selling 415 of their 715 tonnes
of gold, this is likely to be one of the last major
gold sales by central banks. The worldwide recession
recovery, combined with a strong commodities rally,

No Subject

Section: Daily Dispatches

Friday night 5/7/99

Dear Friends of GATA:

Here's another article from tonight
that's about gold and mentions GATA. Our chairman,
Bill Murphy, has been working nearly around the
clock for a couple of weeks now and it's starting
to pay off with publicity in the mining and
financial worlds.

Gold Anti-Trust Action Committee


Five Items and a Farewell

Section: Daily Dispatches

Friday night, May 7, 1999

Dear GATA Egroup members:

You may be interested in this major feature
article published about the Gold Anti-Trust
Action Committee tonight at

While this was a day of treachery in the gold
market, thanks to the Bank of England, this
treachery is so extreme and desperate that I'm
hopeful that it will open the eyes of many.

More and more evidence supports GATA's