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Daily Dispatches
Program for June 13-14 Vancouver conference announced
Submitted by cpowell on Thu, 2004-06-03 03:00 Section: Daily DispatchesBy Jim Sinclair
Wednesday, June 2, 2004
Oil is a weapon of economic destruction in this Third
World War, and the U.S. dollar is a prime target of
those who oppose us.
Is the Federal Reserve expecting catastrophe?
From Robert McHugh's monetary forecast of May 28,
which was echoed by Richard Russell today:
"Let me just say from the outset that the Federal
MineWeb has the New York gold conference covered
Submitted by cpowell on Thu, 2004-06-03 03:00 Section: Daily Dispatches8:35p ET Thursday, June 3, 2004
Dear Friend of GATA and Gold:
The program for the 2004 World Gold, PGM, and Diamond
Conference, to be held Sunday and Monday, June 13 and
14, at the Vancouver Convention and Exhibition Centre,
was announced today, and it has GATA Chairman Bill
Murphy speaking in prime time -- 6 p.m. Sunday.
Murphy will join GATA's Ed Steer and Mike Bolser and
your secretary/treasurer in a panel discussion at 3 p.m.
Whatever could explain that imbalance in the oil-gold price ratio?
Submitted by cpowell on Wed, 2004-06-02 03:00 Section: Daily DispatchesFrom MineWeb
Tuesday, June 1, 2004
JOHANNESBURG -- Barrick Gold and Placer Dome,
the world's No. 3 and 5 gold producers, which
until recently were reviled by gold bugs
because of their proclivity for hedging, wound
up more hedges than any of their competitors
during the first quarter of this year.
Explosion in U.S. money supply hints at Fed''s expectation of catastrophe
Submitted by cpowell on Wed, 2004-06-02 03:00 Section: Daily Dispatches12:47a ET Wednesday, June 2, 2003
Dear Friend of GATA and Gold:
MineWeb's Tim Wood has some musings on the
imbalance in the historic ratio of the prices
of oil and gold. While those musings don't
include speculation as to a cause of the
imbalance, GATA has filled you in about that,
and Wood figures that oil eventually will
carry gold up. You can find Wood's commentary
here:
http://www.mineweb.net/events/conferences/2004/nyigc/oilgold.htm
Like Rothschild, AIG resigns market maker positions in gold and silver
Submitted by cpowell on Wed, 2004-06-02 03:00 Section: Daily Dispatches1:07a ET Wednesday, June 2, 2004
Dear Friend of GATA and Gold:
Robert McHugh of TechnicalIndicatorIndex.com reports
an explosion in the M-3 money supply in the United
States and construes it as the Federal Reserve's
preparation for some sort of catastrophic event.
Apparently Richard Russell of Dow Theory Letters
has called attention to the same development.
McHugh writes:
"The Federal Reserve has confirmed our stock market
Ted Butler: Silver''s outlook remains spectacular in trader report
Submitted by cpowell on Wed, 2004-06-02 03:00 Section: Daily Dispatches1:22a ET Wednesday, June 2, 2004
Dear Friend of GATA and Gold:
AIG International has been to the silver market what
N.M. Rothschild has been to the gold market. And
now, as you'll see from the Reuters story appended,
AIG is resigning its leadership of the gold and
silver markets just as Rothschild resigned its
leadership of the gold market.
Maybe it's just a coincidence. Or maybe the people
Gold demand rises sharply despite price increase
Submitted by cpowell on Wed, 2004-06-02 03:00 Section: Daily Dispatches1:55a ET Wednesday, June 2, 2004
Dear Friend of GATA and Gold:
Ted Butler's new commentary on the silver market
begins this way:
"Still spectacular. That's the only way to describe
the current COMEX market structure, as evidenced
by the Commitments of Traders (COT) report. Not
only have the COTs for silver, gold, and copper
remained in strong "buy signal" territory, the latest
Fed''s frantic money-pumping would compensate for Bank of Japan''s withdrawal
Submitted by cpowell on Wed, 2004-06-02 03:00 Section: Daily DispatchesDemand For Gold Up 30%
By Jane Padgham
London Evening Standard
Wednesday, June 2, 2004
http://www.thisislondon.co.uk/news/business/articles/timid78950?
source=
Gold was in big demand during the first three months
of this year, despite a sharp increase in its price
triggered by the sliding dollar.
Figures today from the World Gold Council show
''Midas'' commentary for May 31 posted at FinancialSense.com and GoldSeek.com
Submitted by cpowell on Tue, 2004-06-01 03:00 Section: Daily Dispatches10:30a ET Monday, May 31, 2004
Dear Friend of GATA and Gold:
James Turk, proprietor of GoldMoney.com, editor of
the Freemarket Gold & Money Report, and GATA
consultant, has updated his dollar and gold charts
and found that the dollar has fallen off the precipice
on which he had recently charted it. You can find
Turk's analysis, titled "Trouble for the Dollar," in
the "Founder's Commentary" box at the top left of
Barrick and Placer Dome lead in closing hedges
Submitted by cpowell on Tue, 2004-06-01 03:00 Section: Daily Dispatches4:43p ET Tuesday, June 1, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary for
Monday, May 31, at LeMetropoleCafe.com has been
posted in the clear at FinancialSense.com and
GoldSeek.com here:
http://www.financialsense.com/editorials/murphy/2004/0531.html
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