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Daily Dispatches
Echoes from 1930: Central banking''s main purpose is to control the gold price
Submitted by cpowell on Sat, 2004-06-12 03:00 Section: Daily DispatchesBank of England Raises Interest Rate by Quarter Point
By Sam Fleming
Bloomberg News Service
Thursday, June 10, 2004
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aPU.2mRKT0xo&refer=home
LONDON -- The Bank of England raised its benchmark
interest rate for a second consecutive month, by a
quarter point to 4.5 percent, to prevent record
Bank of France says it may sell 600 tonnes ... someday, if price is right
Submitted by cpowell on Thu, 2004-06-10 03:00 Section: Daily Dispatches9:55p ET Wednesday, June 9, 2004
Dear Friend of GATA and Gold:
The May 7 decision of U.S. Magistrate Judge Daniel
E. Knowles III to deny the motion of Barrick Gold
to add a lot of other mining companies and
bullion banks as defendants in Blanchard & Co.'s
lawsuit against Barrick and its bullion bank,
J.P. Morgan Chase & Co., reported to you by
GATA on May 13, has been posted in full at
Bank of England way ahead of Fed and ECB in raising interest rates
Submitted by cpowell on Thu, 2004-06-10 03:00 Section: Daily Dispatcheshttp://www.fxstreet.com/nou/noticies/afx/noticia.asp?
pv_noticia=1086859235-9e32d306-16206
PARIS (AFX) -- Bank of France governor Christian Noyer
said the central bank plans to sell part of its gold
reserves to the market, possibly up to 500-600 tonnes.
The Bank of France holds about 3,000 tonnes of gold
reserves, valued at around 30 billion euros. The French
Greenspan talks inflation up after other Fed officials talk it down
Submitted by cpowell on Wed, 2004-06-09 03:00 Section: Daily Dispatches11:35p ET Tuesday, June 8, 2004
Dear Friend of GATA and Gold:
CFTC official Michael Gorham is resigning soon after
telling silver bugs that he can't imagine why anyone
would want to suppress the price of silver. Charles
Savoie has a detailed explanation for him at Dave
Morgan's Silver-Investor.com. It's titled "Michael
Gorham's Paper Money Job" and you can find it
here:
John Hathaway: Smooth sailing ahead for gold
Submitted by cpowell on Wed, 2004-06-09 03:00 Section: Daily DispatchesFrom The King Report
By Bill King
M. Ramsey King Securities Inc.
http://www.thekingreport.com/wst_page2.html
Wednesday, June 9, 2004
Yesterday stocks and bonds sank early on Easy Al's
most recent "double secret probation" innocuous
warning to the markets that he will raise rates if
inflation appears.Of course Al's talking apples and
Richard Russell: Deflation is the threat, and Fed isn''t inflating fast enough
Submitted by cpowell on Wed, 2004-06-09 03:00 Section: Daily Dispatches7:52a ET Wednesday, June 9, 2004
Dear Friend of GATA and Gold:
The Tocqueville Gold Fund's John Hathaway has told the
San Francisco gold conference that it's smooth sailing
ahead for gold. You can read about it at MineWeb here:
http://www.mineweb.net/sections/gold_silver/327986.htm
CHRIS POWELL, Secretary/Treasurer
Silver Summit 2004 planned in Idaho from September 23-25
Submitted by cpowell on Wed, 2004-06-09 03:00 Section: Daily Dispatches8:57p ET Wednesday, June 9, 2004
Dear Friend of GATA and Gold:
Richard Russell, editor of Dow Theory Letters, writes
in commentary just posted at Gold-Eagle that
deflation is the great threat to the world economy and
that the Federal Reserve is not inflating fast enough,
as indicated by dollar strength and gold weakness. You
can find Russell's commentary here:
Decision denying Barrick motion to add defendants in Blanchard case is posted
Submitted by cpowell on Wed, 2004-06-09 03:00 Section: Daily DispatchesSilver Valley Mining Association Press Release
Silver Summit 2004
A high-powered array of silver and silver-mining experts
will anchor Silver Summit 2004, a conference focusing
on investment opportunities in the North American silver
sector from Thursday through Saturday, September
23-25, in Coeur d'Alene and Wallace, Idaho.
Confirmed headliners include Silver-Investor.com
publisher David Morgan, Mogambo Guru publisher
New commentaries by Ted Butler and Richard Russell
Submitted by cpowell on Tue, 2004-06-08 03:00 Section: Daily Dispatches10:14p ET Monday, June 7, 2004
Dear Friend of GATA and Gold:
Some especially interesting commentary this evening....
Ralph W. Kettell II writes about the New York gold
conference for 321Gold and concludes from the
indifferent attendance that the bottom is in for the
precious metals:
http://www.321gold.com/editorials/kettell/kettell060804.html
Golden Star wins delay in Iamgold vote; Wheaton approves merger with Iamgold
Submitted by cpowell on Tue, 2004-06-08 03:00 Section: Daily Dispatches1:08p ET Tuesday, June 8, 2004
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler's new commentary,
posted at Investment Rarities, credits New York
Attorney General Eliot Spitzer for a big change
in the silver market:
http://www.investmentrarities.com/weeklycommentary.html
And Richard Russell's new commentary, posted
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