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Daily Dispatches
Where is gold''s Patton? A reply to Tim Wood of www.TheMiningWeb.com
Submitted by cpowell on Sat, 2001-09-01 03:00 Section: Daily Dispatches10:22p ET Friday, August 31, 2001
Dear Friend of GATA and Gold:
There's another interesting essay tonight by Tim Wood
of The Mining Web. Here's an excerpt:
quot;The recipe to break the gold carry trade has been laid out
explicitly by Mister Gold, Jim Sinclair. GATA has written
its formula, fund managers and bullion dealers acknowledge
how thin the market is and so susceptible to a confident
The BIS shoots back but leaves lots of stuff out
Submitted by cpowell on Sat, 2001-09-01 03:00 Section: Daily DispatchesSeptember 1, 2001
Tim Wood
www.TheMiningWeb.com
Dear Tim:
This may be of some interest as a response to your
latest essay at www.TheMiningWeb.com, quot;Gold bulls
surrender Labor Day opportunity,quot; which shows much
insight.
Around 1994 Jimmy DePiazza, Phibro's trader in
Connecticut, figured out a way to corner the silver
market. Phibro had been taken over by Salomon Brothers,
BIS official''s comments interpreted as responding to GATA
Submitted by cpowell on Fri, 2001-08-31 03:00 Section: Daily Dispatches'Midas' commentary for August 29, 2001
By Bill Murphy
www.LeMetropoleCafe.com
August 29, 2001
Gold $273.60 up $1.70
Silver $4.18 unchanged
Surprise! Gold is not going down as the pundits
said it would due to the overpositioning of specs
on the long side. Pleasant surprise for me too.
The open interest has contracted all the way down
to 120,128 contracts, which is a drop of 12,000
Where, The Mining Web asks, is gold''s Patton?
Submitted by cpowell on Fri, 2001-08-31 03:00 Section: Daily DispatchesFrom the Financial Times
www.ft.com
August 31, 2001
BIS banker speaks on gold:
Giacomo Panizzutti's estimates of central bank
gold lending implicitly contradict conspiracy theories
By ADRIENNE ROBERTS
The question of how much gold has been lent out by
central banks -- an emotionally charged topic in some
circles -- has received its most authoritative answer
so far.
Giacomo Panizzutti, head of foreign exchange and gold
Mining Web''s Tim Wood joins Tocqueville''s Hathaway on manipulation of gold
Submitted by cpowell on Wed, 2001-08-29 03:00 Section: Daily DispatchesBy Vincent Cook
Reg Howe is to be highly commended for
calling our attention to an academic paper
co-authored by former Treasury Secretary
Lawrence Summers concerning a positive
correlation between wholesale price levels
and interest rates that existed under the
classical gold standard (also known as
quot;Gibson's paradoxquot;).
It should be noted that the paradox depends
on a couple of crucial assumptions about the
South African Reserve Bank admits gold swaps, says it has none on deposit
Submitted by cpowell on Wed, 2001-08-29 03:00 Section: Daily Dispatches1:24a ET Wednesday, August 29, 2001
Dear Friend of GATA and Gold:
Tim Wood of www.theminingweb.com has joined the
Tocqueville Gold Fund's John Hathaway in concluding
that the gold market is probably being manipulated
by the U.S. government.
Wood writes of the quot;conspiracy theoryquot; advanced by
GATA for the last three years:
quot;Hathaway is no longer flirting; he's hitched. The
Greenspan was wary of Treasury ''initiatives'' in 1995
Submitted by cpowell on Wed, 2001-08-29 03:00 Section: Daily DispatchesBy Joe van Zyl
Bedfordview, South Africa
swissbourgh@worldonline.co.za
As a shareholder of the South African Reserve
Bank, I have directed questions to the bank in
respect of the bank's involvement in gold swaps
and collateral agreements, but the bank refused to
make any information available. I requested Peter
George to have questions in Parliament directed to
the minister of finance, Trevor Manuel. Manuel is
$25 donation to GATA wins free copy of Rediscovering Gold from Swiss America
Submitted by cpowell on Tue, 2001-08-28 03:00 Section: Daily DispatchesGATA PRESS RELEASE
quot;Gold as Theatrequot; by Tocqueville's Hathaway
Bolsters GATA's Credibility
DALLAS (Business Wire, Aug. 27, 2001)-- Gold fund manager John
Hathaway has endorsed the findings of the Gold Anti-Trust Action
Committee (GATA) that the price of gold is being suppressed by the
U.S. government.
Hathaway's endorsement came in a press release dated August 23
and titled quot;Gold as Theater,quot; posted at the Internet site of the
Summers'' academic paper missed inflationary potential of ''paper gold''
Submitted by cpowell on Tue, 2001-08-28 03:00 Section: Daily DispatchesAugust 27, 2001
Dear Friend of GATA and Gold:
quot;Rediscovering Gold in the 21st Century: The Complete Guide
to the Next Gold Rushquot; is the only book in print that explains
the cause of the Gold Anti-Trust Action Committee in a
positive light.
Written by Craig R. Smith, CEO of Swiss America Trading
Corp. of Scottsdale, Ariz., and published just weeks ago by
IdeaFactory Press, this book is the perfect educational tool
GATA press release cites support from gold fund manager Hathaway
Submitted by cpowell on Mon, 2001-08-27 03:00 Section: Daily DispatchesBy John Waples
Sunday Times, London
August 26, 2001
a href=http://www.sunday-http://www.sunday-/a
times.co.uk/news/pages/sti/2001/08/26/stibusagn03001.html?
Don't throw your gold trinkets away just yet.
As an investment, the metal may have been horribly out
of fashion for the past decade, but with world
economies continuing to slide, gold could be about to
stage a revival.
There are already signs that sentiment may be changing.
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