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Daily Dispatches
James Grant: Gold joins the mainstream
Submitted by cpowell on Tue, 2007-06-05 00:24 Section: Daily DispatchesBy James Grant
Forbes magazine
June 18, 2007
www.forbes.com
Once upon a time gold was the sanctuary of nonconformists, visionaries, contrarians, idolators and cranks. And the gold price moved accordingly. If stocks went up, bullion went down, and vice versa. Which is to say, as the financial theoreticians say, that gold was an uncorrelated asset.
Michael Kosares: Turning point?
Submitted by cpowell on Mon, 2007-06-04 22:44 Section: Daily Dispatches10:45p ET Monday, June 4, 2007
Dear Friend of GATA and Gold:
Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of the firm's wonderful forum at USAGold.com, has put together a summary of some recent interesting commentaries on the currency and precious metals markets. It is titled "Turning Point?" and you can find it at GoldSeek here:
James Turk: Measured in gold, stock market gains are illusory
Submitted by cpowell on Mon, 2007-06-04 17:42 Section: Daily Dispatches5:40p ET Monday, June 4, 2007
Dear Friend of GATA and Gold:
GoldMoney founder James Turk notes that recent U.S. stock market gains are illusory when measured in gold rather than the declining U.S. dollar. His commentary "What New Record?" can be found at Kitco here:
http://www.kitco.com/commentary/turk.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
GATA sympathizers invited to lunch in Canberra on June 11
Submitted by cpowell on Mon, 2007-06-04 17:31 Section: Daily Dispatches5:25p ET Monday, June 4, 2007
Dear Friend of GATA and Gold:
To curb inflation, Syria ends dollar peg
Submitted by cpowell on Mon, 2007-06-04 17:00 Section: Daily DispatchesBy Zainab Fattah and Matthew Brown
Bloomberg News Service
Monday, June 4, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahGpyu4D9xBk&refer=home
DUBAI -- Syria became the second Middle Eastern nation in two weeks to say it will dump its currency's peg to the dollar to curb rising import costs and inflation.
Some bank other than ECB, probably Spain, was selling gold heavily
Submitted by cpowell on Mon, 2007-06-04 13:34 Section: Daily DispatchesCentral Bank Gold Sales
Seen Lasting Through Summer
By Melanie Burton
Dow Jones Newswires
Monday, June 4, 2007
LONDON -- The European Central Bank said Monday that sales of gold from its foreign exchange reserves announced Friday haven't yet shown up in
UBS affects to be mystified by gold's loss of correlation
Submitted by cpowell on Mon, 2007-06-04 08:57 Section: Daily Dispatches8:50a ET Monday, June 4, 2007
Dear Friend of GATA and Gold:
James Turk: Probabilities favor rally for gold and silver
Submitted by cpowell on Mon, 2007-06-04 08:45 Section: Daily Dispatches8:41a ET Monday, June 4, 2007
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, says technical and fundamental factors now favor rallies in gold and silver. You can find Turk's analysis and charts in the "Founder's Commentary" box in the third column of the GoldMoney home page here:
Blanchard's Neal Ryan on ECB's suspension of gold sales
Submitted by cpowell on Fri, 2007-06-01 10:27 Section: Daily Dispatches10:25a ET Friday, June 1, 2007
Dear Friend of GATA and Gold:
European Central Bank won't sell gold through September
Submitted by cpowell on Fri, 2007-06-01 09:16 Section: Daily DispatchesBy Claudia Carpenter
Bloomberg News Service
Friday, June 1, 2007
http://www.bloomberg.com/apps/news?pid=20601012&sid=aLXkYhS5mjKI&refer=c...
LONDON -- Gold rose in London after the European Central Bank said it has no plans to sell more gold through September. Silver also gained.
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