You are here

Daily Dispatches

Newmont raises Normandy offer; Anglo won''t keep bidding

Section: Daily Dispatches

'MIDAS' COMMENTARY FOR DECEMBER 27, 2001

By Bill Murphy
www.LeMetropoleCafe.com
December 27, 2001

Gold $277, down $2.10
Silver $4.45, down 9 cents

Thirty-three months after the opening of
www.LeMetropoleCafe.com, the Gold Cartel is still
banging away at the gold price. Back then their quot;Guns
of Navaronequot; began blazing with selling barrages around
$290. Afraid of allowing gold to trade anywhere near

Newmont''s acquisition of Normandy seen putting a floor under gold

Section: Daily Dispatches

By Darren Schuettler and Sophie Hares

JOHANNESBURG/SYDNEY, Jan 3 (Reuters) -- Newmont Mining
looked poised to win a takeover battle for Australia's
Normandy Mining with a sweetened bid on Thursday, as
AngloGold Ltd refused to up its latest offer.

U.S.-based Newmont had earlier boosted the cash element
of its offer by 10 Australian cents per share, with the Normandy
board recommending the A$4.3 billion (U.S. $2.2 billion) offer.

AngloGold raises bid for Normandy, cites cooperation with Barrick

Section: Daily Dispatches

By Bill Murphy
www.LeMetropoleCafe.com
December 19, 2001

The following documentation and statements were presented
in Reg Howe's lawsuit in U.S. District Court in Boston against
the Bank for International Settlements, Fed Chairman Alan
Greenspan, New York Fed President William J. McDonough,
J.P. Morgan amp; Co. Inc., Chase Manhattan Corp., Citigroup Inc.,
Goldman Sachs Group Inc., Deutsche Bank AG, and former

ESF admits working with Fed to keep close watch on gold

Section: Daily Dispatches

By Walter Watson

SYDNEY, Dec 27 (Reuters) -- South Africa's AngloGold Ltd hit back
against Newmont Mining Corp in the battle for Normandy Mining Ltd
on Thursday, boosting its bid by 10 cents cash a share to value the
Australian gold miner at about A$4.1 billion (US$2.1 billion).

However, at the close of Australian trade the offer still valued
Normandy at only A$1.83 a share, compared to Denver-based

Bank of Italy accounts show evidence of gold swap deception

Section: Daily Dispatches

11p ET Monday, December 17, 2001

Dear Friend of GATA and Gold:

GATA consultant Mike Bolser has discovered that something
big is happening with J.P. Morgan's gold derivatives as
reported to the U.S. Office of the Controller of the
Currency. Mike's analysis is described in a new posting
at Reg Howe's Internet site, here:

a href=http://www.goldensextant.com/Charts.html#anchor161737http://www.goldense...

Morgan''s gold position is being hidden; and more on Godsell''s comments

Section: Daily Dispatches

10:24p ET Sunday, December 16, 2001

Dear Friend of GATA and Gold:

Our friend Jay Taylor of J Taylor's Gold amp; Technology Stocks
newsletter reports that U.S. Rep. Ron Paul believes that the
Exchange Stabilization Fund is intervening in the gold and
silver markets and that he is drafting legislation to forbid
it. Read about it here at www.Gold-Eagle.com:

a href=http://www.gold-eagle.com/gold_digest_01/taylor121701.htmlhttp://www.gol...

Helpful comments from AngloGold''s Godsell, and heartfelt thanks from S. Africa

Section: Daily Dispatches

Battle for Normandy sets the scene
for a shift in power in the gold industry

By Nic Hopkins
London Times
December 14, 2001

a href=http://www.thetimes.co.uk/article/0,,37-2001575099,00.htmlhttp://www.the...

Bobby Godsell, the chief executive of AngloGold, was
not in the least bit happy. The man in charge of the
world's biggest gold company should have been basking

Nine-page special report about GATA in New African magazine

Section: Daily Dispatches

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Sunday, December 16, 2001

The Christmas/end-of-year holiday season is a time of
reflection for many of us. As a result of the terrorist
attacks and other strife in the world, the closing of
2001 may be more poignant than most years. It certainly
is for me, as chairman of the Gold Anti-Trust Action
Committee.

Chris Powell and I will soon commence Year 4 in our

Essay in Barron''s protests Fed''s shredding its minutes

Section: Daily Dispatches

6:05p ET Sunday, December 16, 2001

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's dispatch this evening mentioned
briefly something of great encouragement to us: a nine-page
special report in the December issue of the New African
magazine about GATA and the suppression of the gold price.

The report includes the full text of Murphy's speech to the
GATA African Gold Summit in Durban, South Africa, last May,

Silver as money is proposed for Mexico''s economic liberation

Section: Daily Dispatches

8:45p ET Sunday, December 16, 2001

Dear Friend of GATA and Gold:

Last week Barron's published an essay by Robert D.
Auerbach, a professor at the University of Texas,
complaining about the Federal Reserve's active
concealment of the public policies it carries out.
Interestingly, one of the Fed meetings cited by
Auerbach is the one in whose minutes GATA's
investigators discovered what we consider to be the

Pages