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Daily Dispatches
Probability of central bank intervention against gold rattles Gartman Letter
Submitted by cpowell on Fri, 2012-03-02 10:28 Section: Daily Dispatches10:20a ET Friday, March 2, 2012
Dear Friend of GATA and Gold:
This week's counterintuitive smashdown in the gold price has not only brought a couple of gold fund managers to the point of wondering aloud about market manipulation by central banks:
Kevin Michael Grace and J.S. Kim on gold market manipulation
Submitted by cpowell on Fri, 2012-03-02 01:07 Section: Daily Dispatches1a ET Friday, March 2, 2012
Dear Friend of GATA and Gold:
Kevin Michael Grace of Resource Clips and J.S. Kim of SmartKnowledgeU and the Underground Investor comment incisively on this week's manipulation of the gold market.
Grace's commentary is headlined "Auguries -- The Great and Powerful Oz" and it's posted at Resource Clips here:
James Turk: Mining stocks -- still on the runway
Submitted by cpowell on Thu, 2012-03-01 23:33 Section: Daily Dispatches11:30p ET Thursday, March 1, 2012
Dear Friend of GATA and Gold:
Brazil declares new 'currency war' against foreign devaluations
Submitted by cpowell on Thu, 2012-03-01 21:20 Section: Daily DispatchesBy Samantha Pearson
Financial Times, London
Thursday, March 1, 2012
http://www.ft.com/intl/cms/s/0/76d1d4d0-63d0-11e1-8762-00144feabdc0.html
SAO PAULO, Brazil -- Brazil has declared a fresh "currency war" on the United States and Europe, extending a tax on foreign borrowings and threatening further capital controls in an effort to protect the country's struggling manufacturers.
Sharps Pixley's Norman blames gold smashing on single seller 'out for effect'
Submitted by cpowell on Thu, 2012-03-01 20:31 Section: Daily Dispatches8:25p Thursday, March 1, 2012
Dear Friend of GATA and Gold:
In his gold market commentary today Ross Norman, proprietor of the London bullion broker Sharps Pixley Ltd. and founder of TheBullionDesk.com, joins those who attribute gold's smashdown yesterday to a single source who was "out for effect." Norman writes:
Gold smashing was a central bank operation, Salinas Price says
Submitted by cpowell on Thu, 2012-03-01 19:26 Section: Daily Dispatches7:25p ET Thursday, March 1, 2012
Dear Friend of GATA and Gold (and Silver):
Hugo Salinas Price, president of the Mexican Civic Association for Silver, tells King World News tonight that yesterday's smashing of the gold price was a central bank operation that should not deter anyone from continuing to acquire the monetary metals.
Wow! Another gold fund manager gets suspicious
Submitted by cpowell on Thu, 2012-03-01 13:45 Section: Daily Dispatches1:49p ET Thursday, March 1, 2012
Dear Friend of GATA and Gold:
Another gold fund manager, Gabelli's Caesar Bryan, today tells King World News that yesterday's bombing of gold was done by a not-for-profit seller, the strange sort of selling that keeps turning up at strategic moments in the market, and he's starting to wonder if it has something to do with central bank intervention.
A single seller drove gold down as Bernanke testified
Submitted by cpowell on Thu, 2012-03-01 11:32 Section: Daily Dispatches11:35a ET Thursday, March 1, 2012
Dear Friend of GATA and Gold:
Friends have sent the full text of the CIBC gold market note from yesterday that was quoted in part at GoldAlert here:
http://www.goldalert.com/2012/02/large-seller-in-the-market-as-comex-gol...
The full text reads:
China's share of reserves in dollars dives
Submitted by cpowell on Thu, 2012-03-01 10:21 Section: Daily DispatchesBy Tom Orlick
The Wall Street Journal
Thursday, March 1, 2012
http://online.wsj.com/article/SB1000142405297020375370457725479406865576...
To end the Fed, Paul will have to start questioning it
Submitted by cpowell on Wed, 2012-02-29 21:03 Section: Daily Dispatches9:08p ET Wednesday, February 29, 2012
Dear Friend of GATA and Gold:
At a hearing today of the U.S. House Committee on Financial Services, Rep. Ron Paul did an entertaining job of berating Federal Reserve Chairman Ben Bernanke about the Fed's long debasement of the dollar. Video of Paul's comments has been posted at GoldSeek's companion Internet site, SilverSeek, here --
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