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Daily Dispatches
A report from ground zero of the gold-price suppression scheme
Submitted by cpowell on Thu, 2004-07-29 03:00 Section: Daily DispatchesBy Ted Butler
Tuesday, July 27, 2004
The previous deterioration in the COTs paved the way
for a significant selloff in gold, silver, and copper. The
same old pattern prevailed. While the commercial net
short position did not approach the extremes
witnessed in gold and silver earlier this year, there
was enough of a technical fund long position recently
established to warrant a collusive dealer rig job to the
Kalgoorlie conference: Barrick production increase, Lassonde''s price prediction
Submitted by cpowell on Tue, 2004-07-27 03:00 Section: Daily Dispatches6:34p ET Monday, July 26, 2004
Dear Friend of GATA and Gold:
A loyal friend of GATA wrote today that the gold
community seems to have given up. Discouraged
as many may be about the gold price, we should
recognize the cause and cheer up.
It's not that gold has topped out; far from it.
It's that the strains on the world financial
system and particularly on the U.S. dollar and
the general U.S. equities and bond markets are so
Ted Butler: Miners must stop subsidizing the low price of silver
Submitted by cpowell on Tue, 2004-07-27 03:00 Section: Daily DispatchesBarrick Gold Aims To Lift Output Faster Than Competition
By Nicholas Sinclair
Dow Jones Newswires
Tuesday, July 27, 2004
http://sg.biz.yahoo.com/040727/15/3lzje.html
KALGOORLIE, Australia -- Canada's Barrick Gold Corp. intends
to increase production at a compound rate of 12 percent per
annum through 2007, thereby vastly exceeding the
John Brimelow: Indian demand for physical vs. central bank price manipulation
Submitted by cpowell on Mon, 2004-07-26 03:00 Section: Daily Dispatches8p ET Thursday, July 22, 2004
Dear Friend of GATA and Gold:
FreeMarketNews.com has done a video interview
with GATA's friend David Morgan, editor of
Silver-Investor.com, in which he makes the case
for the eventual triumph of the monetary metals.
You can find it at the right side of the site's
home page here:
James Turk: Last week didn''t take dollar out of its 3-year decline
Submitted by cpowell on Mon, 2004-07-26 03:00 Section: Daily DispatchesGold Is Up to its Old Tricks;
Expect a Rally in Battered Gold Shares
By John Brimelow
CBSMarketWatch.com
Monday, July 26, 2004
http://www.marketwatch.com/news/story.asp?
siteid=mktw&dist=moreover&guid=E0AE9B3F-FE26-472E-8E7F-CD4FC2D482F5
NEW YORK -- Gold is below $400 again. It won't last.
Twice this year I have written on gold, making the
Don''t think of gold as down but rather as vindicated
Submitted by cpowell on Mon, 2004-07-26 03:00 Section: Daily Dispatches8:50a ET Monday, July 26, 2004
Dear Friend of GATA and Gold:
James Turk, founder of GoldMoney.com, editor of
the Freemarket Gold & Money Report, and
consultant to GATA, has updated his chart of
the U.S. dollar index and finds that the dollar
remains firmly within the downward channel it has
inhabited for three years. He concludes:
"Nothing good has happened to suggest that the
This is the future the Federal Reserve is planning for gold
Submitted by cpowell on Thu, 2004-07-22 03:00 Section: Daily DispatchesBy Andrew Davis
Bloomberg News Service
Wednesday, July 21, 2004
http://quote.bloomberg.com/apps/news?
pid=10000085&sid=aMO5Il2qCFrU&refer=europe
ROME -- Parmalat Finanziaria SpA's main banks such
as Citigroup Inc. and UBS AG allowed the bankrupt
Italian foodmaker to hide the true state of its
finances for more than a decade, according to a
David Morgan of Silver-Investor.com interviewed by FreeMarketNews.com
Submitted by cpowell on Thu, 2004-07-22 03:00 Section: Daily DispatchesBy Roshiela Moonsamy
Cape Argus, Cape Town, South Africa
Wednesday, July 21, 2004
http://capeargus.co.za/index.php?fSectionId=49&fArticleId=2158445
A woman paid thousands of rands for one hour's
parking -- with a single coin in the meter.
The 55-year-old inadvertently dropped a century-old
gold Kruger sovereign she reckons could be worth
China''s Minmetals cinches bid for Noranda, Brazilian paper says
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Ted Butler
Monday, July 19, 2004
The market structure, as depicted by the Commitments
of Traders Report (COT), deteriorated more sharply than
I expected in gold, copper, and silver. The latest COTs,
as of the close of business July 13, indicated a notable
increase in the dealers' net short position. Extrapolating
from the report's cutoff date, there was further tech fund
buying and dealer short selling since then. My guess is
China''s hunger for raw materials is seen in acquisition of Noranda
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily Dispatcheshttp://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5729807
RIO DE JANEIRO, Brazil, July 21 (Reuters) -- Brazil's Cia
Vale do Rio Doce (CVRD) lost out to China's Minmetals
in a battle to buy Canadian miner Noranda Inc, local
business daily Valor Economico said on Wednesday.
Valor quoted unnamed sources following the negotiations
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