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Daily Dispatches

How the Bank for International Settlements rigged gold even 20 years ago

Section: Daily Dispatches

3:57p ET Wednesday, June 5, 2002

Dear Friend of GATA and Gold:

MiningWeb.com has just reported an explanation for
the plunge in the gold price today.

The plunge, MiningWeb says, quot;came in the wake of a
large after-market trade in New York last night, with an
unnamed fund liquidating 5,000 futures contracts, a move
which knocked the price first to $326/oz, then to $324/oz,
and finally to $321/oz, where some dealers reckon it has

Edward Jay Epstein: The BIS, ruling the world of money

Section: Daily Dispatches

9:50p ET Wednesday, June 5, 2002

Dear Friend of GATA and Gold:

Thanks to Sean Corrigan of Capital Insight in Britain
for sending along this 1983 Harper's magazine
article by Edward Jay Epstein about the Bank for
International Settlements. While the essay is almost
20 years old, it has just as much relevance today,
when the world's big economic decisions continue

Dollar is burning and Japan is spraying it with paper

Section: Daily Dispatches

By Jim Buchta
Minneapolis Star Tribune
Saturday, June 1, 2002

Gold has its glitter again.

On Friday, as gold prices rose to their
highest level in more than two years, coin
and precious metals dealers said their phones
won't stop ringing.

quot;The world has changed,quot; said George Cooper
of Centennial Precious Metals, a Denver-based
company with dozens of customers in the Twin

Reg Howe''s presentation to the Association of Mining Analysts in London

Section: Daily Dispatches

By Thom Calandra
CBS.MarketWatch.com
Friday, May 31, 2002

As Nasdaq fends off its September lows, economists, analysts,
and technicians are pointing to the storm signals of rising gold
prices and the falling dollar.

The dollar's fall -- down about 7 percent this year against the
currencies of America's biggest trading partners -- is increasingly
linked with gold's relentless gains.

Barry Cooper, a gold equities analyst at CIBC World Markets

Precious metals dealers report surge of business across United States

Section: Daily Dispatches

12:46a ET Sunday, June 2, 2002

Dear Friend of GATA and Gold:

Reg Howe's presentation to the Association of Mining
Analysts in London on May 23 has been posted at
GoldenSextant.com. You can find it here:

a href=http://www.goldensextant.com/commentary21.html#anchor22027http://www.gol...

With his usual brilliance, Reg describes the background

The top 10 ways GATA could spend that $70,000 from Afrikander Lease

Section: Daily Dispatches

11p ET Thursday, May 30, 2002

Dear Friend of GATA and Gold:

Jim Sinclair, chairman of Tan Range Exploration,
and Harry Schultz of the renowned Harry Schultz
Letter have written an essay about the financial
mismanagement that has put many gold mining
companies at great risk in the event of a sharp
rise in the gold price. You can find it here:

a href=http://www.gata.org/GoldMinesExposed.htmlhttp://www.gata.org/GoldMinesEx...

Dollar bears ready for a golden day

Section: Daily Dispatches

12:04a ET Friday, May 31, 2002

Dear Friend of GATA and Gold:

Tim Wood of TheMiningWeb.com asks, as GATA
supporters well may, what GATA plans to do with
the generous contribution of $70,000 announced
Thursday by Afrikander Lease. For a little comic
relief from this week's excitement in the gold
world, I'll offer a quot;top 10quot; list of possible
uses of the money, in the style of CBS

Will the real Goldman Sachs please sit down?

Section: Daily Dispatches

4:56p ET Wednesday, May 29, 2002

Dear Friend of GATA and Gold:

GATA's friend John Hathaway, manager of the
Tocqueville Gold Fund (TGLDX), has just published
at the Tocqueville Internet site a wonderful new
essay that complements the recent essay by
Robert K. Landis about Barrick Gold at
www.GoldenSextant.com, and echoes what you
have been hearing from GATA Chairman Bill
Murphy.

An excerpt from Hathaway's latest:

Afrikander Lease makes huge donation of shares to GATA

Section: Daily Dispatches

Goldman sees gold losing its luster

By Susan Lerner
CBS.MarketWatch.com
May 29, 2002

Investors expecting gold stocks and the precious metal to
continue to glitter may be in for a surprise, according to
one analyst who downgraded several gold miners Wednesday.

quot;We believe that gold will be more challenged to rise
substantially from current $324 levels over the next year
due to weakness in physical jewelry demand,quot; Goldman Sachs'

Interview at TheMiningWeb.com elaborates on AfLease donation to GATA

Section: Daily Dispatches

10:45a CT Thursday, May 30, 2002

Dear Friend of GATA and Gold:

The Gold Anti-Trust Action Committee has received
a $70,000 donation from Afrikander Lease in South
Africa. GATA Secretary/Treasurer Chris Powell and I
both stunned and humbled by this extraordinary gift.

The letter GATA received from Patrick Driscoll and
Quinton George of Afrikander Lease announcing the
donation is appended here.

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