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Daily Dispatches
More examination of Morgan Chase gold derivatives
Submitted by cpowell on Thu, 2002-02-07 03:00 Section: Daily Dispatches8:59p ET Thursday, February 7, 2002
Dear Friend of GATA and Gold:
Our friend Reg Howe first raised the issue of the
disproportionate position in derivatives of J.P.
Morgan Chase. Today it was the subject of John
Crudele's column in the New York Post, published
just a few blocks from the corner of Broad and
Wall Streets. It's a good bet that it was read by
some of the denizens of that neighborhood.
Gold''s swift rally may spark scramble
Submitted by cpowell on Wed, 2002-02-06 03:00 Section: Daily DispatchesMiners finally get Street's attention
Gold's run at $300 an ounce sparks a mini-rush
By Thom Calandra
www.CBSMarketWatch.com
Tuesday, Feb. 5, 2002
SAN FRANCISCO -- Long-forgotten gold mining stocks are
attracting the attention of Wall Street money managers.
quot;I'm getting a lot more calls,quot; says Pierre Lassonde, who later
this month will become president of Newmont Mining, soon to
But they ARE selling a bridge in Brooklyn....
Submitted by cpowell on Wed, 2002-02-06 03:00 Section: Daily DispatchesBy Thom Calandra
www.CBS.MarketWatch.com
Wednesday, Feb. 6, 2002
SAN FRANCISCO -- Now comes the hard part in the
$300-plus gold rally: finding the neglected mining stocks.
Problem is, there aren't many. The entire category of
gold mining stocks, from the Newmont Mining giants to
the Vancouver-listed juniors, doesn't exceed $50 billion
of market capitalization. quot;Up until three weeks ago the
Toronto Globe Mail cites gold price suppression issue
Submitted by cpowell on Tue, 2002-02-05 03:00 Section: Daily DispatchesPress masks world's fiscal distress;
Nikkei tumbles, gold gains, short-sellers stage left
By Thom Calandra
www.CBS.MarketWatch.com
Monday, Feb. 4, 2002
SAN FRANCISCO (CBS.MW) -- You've got to hand it to the
financial press, doing everything it can to take the world's
eyes off real fiscal woes.
Raise your hand, for instance, if you know Ken Lay's
home address, the amount of Enron stock he sold and
Miners finally get Street''s attention
Submitted by cpowell on Tue, 2002-02-05 03:00 Section: Daily Dispatches4:23p ET Tuesday, February 5, 2002
Dear Friend of GATA and Gold:
Here's to a wonderful day and the eve of
the demise of the gold cartel. And below
is the quot;Voxquot; column from today's Toronto
Globe amp; Mail, which recognizes the gold
price suppression issue and even mentions
the Internet site of GATA Chairman Bill
Murphy, www.LeMetropoleCafe.com.
CHRIS POWELL, Secretary/Treasurer
Press masks world''s fiscal distress
Submitted by cpowell on Mon, 2002-02-04 03:00 Section: Daily DispatchesGATA NOTE: J.P. Morgan/Chase shares fell
5.5 percent Friday, after this news story
was published.
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Charges of collusion with Enron, big losses
raise questions about J.P. Morgan's judgment
By E. Scott Reckard
Los Angeles Times
February 1, 2002
In the rubble of recent financial collapses,
one prestigious institution seems especially
vulnerable: J.P. Morgan Chase amp; Co., the
Enron scandal, big losses put Morgan''s judgment in question
Submitted by cpowell on Sat, 2002-02-02 03:00 Section: Daily DispatchesGold gain points to currency risk
'Strange' buying of metal may be sign of distress
By Thom Calandra
CBS.MarketWatch.com
Friday, February 1, 2002
SAN FRANCISCO -- As the world's economic leaders
meet in New York, professionals wonder whether gold's
steady price rise this week is the first crack in the global
currencies dam.
In a daily note, UBS Warburg's precious metals team
said Friday, quot;Gold remains strangely supported despite
Investment pros puzzled by gold''s stubborn rise
Submitted by cpowell on Fri, 2002-02-01 03:00 Section: Daily DispatchesBy John Crudele
New York Post
January 31, 2002
Is J.P. Morgan Chase too big to fail?
This question is admittedly a bit premature. But you can bet
this concern will start going around in the next few weeks if
the giant New York bank continues its recent streak of bad
luck.
Back in early December this column speculated that
Global Crossing Ltd. would be the next Enron, bitten by
the bankruptcy bug. That happened this week as Global
Morgan/Chase may crash but U.S. government would rescue it
Submitted by cpowell on Thu, 2002-01-31 03:00 Section: Daily Dispatches7:40p CT Tuesday, January 29, 2002
Dear Friend of GATA and Gold:
The Gold Anti-Trust Action Committee needs your
help in making our luncheon at the National Press
Club on Tuesday, February 12, Lincoln's Birthday,
a big success.
The luncheon is for the news media, members of
Congress and their staffs, representatives of public
policy study institutions, and others who could have
an impact on legislation, public policy, and publicity.
Help GATA get the right people to its Washington conference
Submitted by cpowell on Tue, 2002-01-29 03:00 Section: Daily DispatchesAngloGold Reduces Forward Gold Sales
by 3.5 Million Ounces
By Antony Sguazzin
Bloomberg News
Johannesburg, Jan. 28 -- AngloGold Ltd., the world's second-biggest
gold company, said it has cut the amount of gold it sold at preset
prices by 3.5 million ounces over the last 12 months.
quot;There has been quite a substantial decline in our hedge position,quot;
said Steve Lenahan, AngloGold spokesman in an interview.
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