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Daily Dispatches
No paper is good paper these days, even in money-market funds
Submitted by cpowell on Fri, 2002-11-08 03:00 Section: Daily DispatchesBy Sue Thomas
JOHANNESBURG, Nov 8. (Reuters) -- South Africa's second-largest
gold producer Gold Fields on Friday denied market talk that it is
about to make a bid for Canadian peer Placer Dome Inc, but its
share price still fell on investor concerns.
quot;It's a vicious rumour and there is no substance to it,quot; Gold Fields
spokesman Willie Jacobsz told Reuters.
Gold Fields' share price tumbled 8 percent to a late-session low of
Canada''s National Post joins the questioning about Morgan''s gold exposure
Submitted by cpowell on Fri, 2002-11-08 03:00 Section: Daily Dispatches11:16a CT Friday, November 8, 2002
Dear Friend of GATA and Gold:
The most brilliant analysis of the week may belong to
Michael Kosares of Centennial Precious Metals in
Denver, proprietor of www.USAGold.com, who seems
to have tossed off the commentary below as a casual
aside on his Internet site's forum. If you read only
one thing on the markets this week, read this.
CHRIS POWELL, Secretary/Treasurer
Morgan loses bid for summary judgment in Enron bond case
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily DispatchesGoldman, JPM face 'laddering' action;
SEC cracking down on IPO practice
By Steve Gelsi
CBS.MarketWatch.com
Wednesday, Nov. 6, 2002
NEW YORK -- The Securities and Exchange Commission
notified Goldman Sachs Group and JP Morgan Chase
that it recommended filing civil securities-fraud and
market-manipulation charges against the firms for
directing shares of initial public offerings to clients
Advice from strategists who don''t trust the market
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily DispatchesBy Colleen DeBaise
Wednesday, November 6, 2002
NEW YORK (Dow Jones) -- A federal judge denied J.P. Morgan
amp; Co.'s request for summary judgment in its dispute with
insurers over nearly $1 billion in surety bonds on Enron Corp.
oil and gas contracts.
The ruling, handed down Wednesday by U.S. District Judge
Jed S. Rakoff in Manhattan, clears the way for the case to go
to trial Dec. 2.
Wall Street senses funny business with gold
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily DispatchesStrategists counter market optimists
They advise watching yields, gold, Brazil, and banks
By Thom Calandra
CBS.MarketWatch.com
November 6, 2002
quot;If you don't know who you are,quot; Wall Street author and
trader George Goodman once said, quot;the stock market is
an expensive place to find out.quot;
Not everyone has an identity crisis. Some strategists,
fund managers and investors know exactly who they are
CBSMarketWatch''s Thom Calandra reports from New Orleans Investment Conference
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily Dispatches10:14a ET Thursday, November 7, 2002
Dear Friend of GATA and Gold:
Just moments before Reuters dispatched the
story below, a Dow Jones reporter reached
GATA Chairman Bill Murphy here at the New
Orleans Investment Conference to ask about
rumors that trucks of gold had been seen
speeding from the New York Fed to the
vaults of J.P. Morgan Chase. The rumor
can be only a metaphor, of course --
GATA chairman quoted in CBS.MW story about Morgan Chase weakness
Submitted by cpowell on Thu, 2002-11-07 03:00 Section: Daily DispatchesBy Thom Calandra, Editor
CBS.MarketWatch.com
Thursday, November 7, 2002
a href=http://cbs.marketwatch.com/news/story.asp?http://cbs.marketwatch.com/new...
column=Thom#43;Calandra's#43;StockWatchamp;dist=nwtwatchamp;siteid=mktw
NEW ORLEANS -- The skeptics just don't buy it.
Contrarians -- the folks who refuse to believe the American
economy can stage a lasting rebound this year or next --
Co-sponsors of Monetary Reform and Accountability Act are easily re-elected
Submitted by cpowell on Wed, 2002-11-06 03:00 Section: Daily DispatchesGold's gains linked to dropping dollar;
Bullion bounces as elections, interest rates take toll
By Thom Calandra, Editor
CBS.MarketWatch.com
Tuesday, November 5, 2002
a href=http://cbs.marketwatch.comhttp://cbs.marketwatch.com/a
What's wrong with this picture? Gold -- along with the
shares of the companies that mine it -- is rising even
as the overall stock market stages an autumn rally.
SEC may bring market-manipulation charges against Goldman, Morgan Chase
Submitted by cpowell on Wed, 2002-11-06 03:00 Section: Daily Dispatches8:10a ET Wednesday, November 6, 2002
Dear Friend of GATA and Gold:
The co-sponsors of the Monetary Reform and
Accountability Act, H.R. 3732, which would
require the U.S. Treasury Department and
its Exchange Stabilization Fund to obtain the
approval of Congress before intervening in
the gold market, were easily re-elected
Tuesday.
U.S. Rep. Ron Paul, R-Texas, received 68
percent of the vote, and U.S. Rep. John B.
Gold''s gains linked to dropping dollar
Submitted by cpowell on Tue, 2002-11-05 03:00 Section: Daily Dispatches11:11p ET Monday, November 4, 2002
Dear Friend of GATA and Gold:
In a new essay, GATA consultant Andrew Hepburn
has compiled and examined the evidence of U.S.
government intervention against the gold price,
accomplished through the U.S. Treasury
Department's Exchange Stabilization Fund and
the Federal Reserve. This essay is what well
might be called a quot;state paperquot; for the gold
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