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Daily Dispatches
She''ll prophesy your death. (She won''t say when.)
Submitted by cpowell on Sat, 1999-11-27 03:00 Section: Daily Dispatches3a EST Thursday, November 25, 1999
Dear Friend of GATA and Gold:
Since this is the Thanksgiving holiday in the United
States and news and comment about the gold market are
likely to be slow for a few days, maybe you won't mind
my posting some observations of my own for a change.
But first let me correct an error in my last post to you,
the essay by Anthony Hilton, which I misattributed to
Bullion banker integrity doubted in London
Submitted by cpowell on Wed, 1999-11-24 03:00 Section: Daily Dispatches11:25p EST Tuesday, November 23, 1999
Dear Friend of GATA and Gold:
Three items of interest tonight:
1) A statement by the managing director of Anglogold,
Kevin Williams, about the third Bank of England gold
auction, scheduled for next Monday. Williams says
Anglogold, the world's largest gold miner, is considering
bidding. Let's hope AU does so and thereby strikes
another blow for the industry, as AU's chief executive,
A good day for gold, if not for Steve Kaplan
Submitted by cpowell on Wed, 1999-11-24 03:00 Section: Daily Dispatches1a EST Thursday, November 25, 1999
Dear Friend of GATA and Gold:
A column in the London Daily Telegraph this week
elaborates on the issue raised the other day by Ted
Butler at www.gold-eagle.com -- whether the bankers to
the mining industry have taken some of their clients
for a very costly ride.
The column follows.
Please post this as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
Next auction, more on hedging, and Golden View
Submitted by cpowell on Tue, 1999-11-23 03:00 Section: Daily Dispatches11p EST Monday, November 22, 1999
Dear Friend of GATA and Gold:
After sending to you yesterday Adrian Day's essay
about hedging in the gold mining industry, dated
November 18 and taken from Adrian Day's Global
Analyst, I noticed some posts at Internet bulletin
boards attributing Day's hedge ratings and stock
recommendations to GATA.
The same kind of thing happened the other day after I
GATA''s purpose isn''t to endorse stocks
Submitted by cpowell on Mon, 1999-11-22 03:00 Section: Daily Dispatches1a EST Sunday, November 21, 1999
Dear Friend of GATA and Gold:
The following essay about hedging by the financial
commentator Adrian Day, posted three days ago,
may be pretty elementary for you in some respects,
but his evaluation of some major companies according
to their hedge books may interest you.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
By Adrian Day
Miners swindled by their own bankers
Submitted by cpowell on Sat, 1999-11-20 03:00 Section: Daily Dispatches11:45p EST Thursday, November 18, 1999
Dear Friend of GATA and Gold:
Here's another excellent essay by financial analyst,
Harvard-trained lawyer, and former mining company
executive Reginald H. Howe at his web site,
www.goldensextant.com. Howe describes how gold
interests have failed to handle gold in ways that would
increase its financial utility and general value. Let's
hope that a few take the hint. You might help them by
Adrian Day rates miners by their hedge books
Submitted by cpowell on Sat, 1999-11-20 03:00 Section: Daily Dispatches12:45p EST Sunday, November 21, 1999
Dear Friend of GATA and Gold:
Ted Butler, who often comments on the precious metals
markets, has posted an important essay at www.Gold-
Eagle.com. It makes a strong and documented case that
some major gold mining companies have been swindled by
their bankers and that the shareholders of these companies
essentially have been expropriated. It's must reading and
How the gold business could help itself
Submitted by cpowell on Thu, 1999-11-18 03:00 Section: Daily Dispatches10:30p EST Tuesday, November 16, 1999
Dear Friend of GATA and Gold:
I haven't had much to share with you for the last week,
so GATA Chairman Bill Murphy has agreed to my
distributing his latest quot;Midasquot; commentary at
www.LeMetropoleCafe.com. It follows. Please post this
as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
quot;MIDASquot; COMMENTARY FOR NOVEMBER 16, 1999
Midas commentary for Nov. 16, 1999
Submitted by cpowell on Tue, 1999-11-16 03:00 Section: Daily Dispatches11:40p EST Monday, November 8, 1999
Dear Friend of GATA and Gold:
The following story, distributed today by Dow Jones
Newswires, suggests that the bullion banks have been
burned by the gold-carry trade and aren't eager to get
back into it. It may be a straw in the winds of change.
Please post this as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
Bullion banks retreat from gold arbitrage
Submitted by cpowell on Mon, 1999-11-08 03:00 Section: Daily Dispatches11p EST Sunday, November 7, 1999
Dear Friend of GATA and Gold:
I think you'll recognize in this article from South
Africa's Business Report a lot of what GATA has been
saying in recent weeks. The bullion banks are the
enemies of both gold and their own clients, the gold
mining companies. But can the gold mining companies
ever stand up to those who control their credit lines?
Please post this as seems useful.
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