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Merrill Lynch buys a tonne of gold; and Jay Taylor''s latest commentary
Submitted by cpowell on Sun, 2003-06-15 03:00 Section: Daily Dispatches11:21p ET Friday, June 13, 2003
Dear Friend of GATA and Gold:
A couple of things possibly of interest....
Chris Temple, editor of The National Investor, has a new
essay arguing that the central banks are liquefying the
gold market to get the quot;too big to failquot; shorts out of the
way and arrange an orderly rise of the gold price:
a href=http://www.gold-eagle.com/editorials_03/temple061403.htmlhttp://www.gold...
Most central bank gold is now committed to price-suppression scheme, Howe finds
Submitted by cpowell on Sun, 2003-06-15 03:00 Section: Daily Dispatches11:20a ET Sunday, June 15, 2003
Dear Friend of GATA and Gold:
A Merrill Lynch fund has bought a tonne of gold.
quot;We look at gold as cash,quot; the fund manager
explains. quot;It's just a different type of cash.quot;
You can find this report at MineWeb here:
a href=http://www.mips1.net/MGLdn.nsf/Current/8525690B0032142042256D4600484AAht...
Got a derivatives problem? Call a JP Morgan guy!
Submitted by cpowell on Fri, 2003-06-13 03:00 Section: Daily Dispatches11:34p ET Wednesday, June 11, 2003
Dear Friend of GATA and Gold:
A few things especially worth checking tonight....
MineWeb has a dispatch about last weekend's
gold conference in Vancouver, at which GATA
Chairman Bill Murphy spoke:
a href=http://www.mips1.net/MGGold.nsf/UNID/NMOT-5NDQ97?OpenDocumenthttp://www....
And Jim Sinclair has two brief commentaries:
A report on Denver Gold Group''s convention in San Francisco
Submitted by cpowell on Fri, 2003-06-13 03:00 Section: Daily DispatchesWhite House Sends OFHEO's Brickell Nomination To Senate
By Dawn Kopecki
Dow Jones Newswires
Thursday June 12, 2003
biz.yahoo.com/djus/030612/1713001217_2.html
WASHINGTON -- After months of delay, the White House
hurried to the U.S. Senate Thursday the formal nomination
of a new director of the federal agency that regulates
Freddic Mac, just three days after the company booted its
top executives over problems with its accounting practices.
Barrick''s confession makes Insight Magazine online
Submitted by cpowell on Fri, 2003-06-13 03:00 Section: Daily DispatchesFed Is Creating Golden Opportunity
By Aaron L. Task
TheStreet.com
June 13, 2003
a href=http://www.thestreet.com/_yahoo/markets/aarontaskfree/10093462.htmlhttp:...
As fans of quot;Supermanquot; comics and/or quot;Seinfeldquot; know,
Bizarro World is a land where up is down, black is white,
good is bad and so on. In other words, it's sort of like the
Easing the gold shorts out; and South Africa cuts interest rates 1.5%
Submitted by cpowell on Fri, 2003-06-13 03:00 Section: Daily DispatchesGold Bugs Get Their Answer
By Kelly Patricia O'Meara
Insight Magazine online
June 12, 2003
a href=http://www.insightmag.com/news/439175.htmlhttp://www.insightmag.com/news...
More than a year ago, Blanchard amp; Co. of New Orleans,
the nation's largest retailer of precious-metal coins, filed
a lawsuit against J.P. Morgan Chase amp; Co. and a
Canadian mining corporation, Barrick Gold Corp.,
In Blanchard case, Barrick confesses to gold price suppression scheme
Submitted by cpowell on Wed, 2003-06-11 03:00 Section: Daily Dispatches1:19a ET Tuesday, June 10, 2003
Dear Friend of GATA and Gold:
Barrick Gold has confessed that it and its bullion banker, JP Morgan Chase amp; Co., are the direct agents of the central banks in the international control of the gold price.
Newmont says Yandal hedge is nearly down to zero
Submitted by cpowell on Wed, 2003-06-11 03:00 Section: Daily Dispatches12:08a ET Wednesday, June 11, 2003
Dear Friend of GATA and Gold:
Mike Hartman's quot;Today's Wrap-upquot; commentary at
Jim Puplava's invaluable Internet site,
www.financialsense.com, links support of stock
prices with the Federal Reserve's lately constant
intervention in the bond market -- something GATA
consultant Mike Bolser has been pointing out for
weeks now.
Here's an excerpt from Hartman's commentary:
Don''t despair, for even Richard Russell is coming around to our side
Submitted by cpowell on Wed, 2003-06-11 03:00 Section: Daily Dispatchesa href=http://biz.yahoo.com/rc/030611/minerals_newmont_hedging_2.htmlhttp://biz...
NEW YORK, June 11 (Reuters) -- The chief executive of
world No. 1 gold miner Newmont Mining Corp. said
Wednesday the company's controversial Australian gold
hedge book had shrunk close to zero after it assumed of
most of the unprofitable hedges of its Yandal operations
MineWeb reports on Vancouver conference, and two more Sinclair commentaries
Submitted by cpowell on Wed, 2003-06-11 03:00 Section: Daily Dispatches10:14p ET Wednesday, June 11, 2003
Dear Friend of GATA and Gold:
A longtime supporter of GATA wrote today in near-
despair at the pounding gold took Tuesday. The
manipulation of the gold market and other markets
is so brazen now, he said, but what can we ever do
to stop the bad guys?
All I could answer was that GATA would continue
to do what it has been doing for four years now,
would continue to try to expose the bad guys and
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