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Daily Dispatches
Gold''s slide seen ending amid inflation worries; physical demand ''fantastic''
Submitted by cpowell on Mon, 2004-05-17 03:00 Section: Daily DispatchesFannie Mae faces more income issues
By Rex Crum
CBSMarketWatch
Saturday, May 15, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7B31DC261A%2DBFD5%
2D4063%2D8788%2D8D6496968FD5%7D&siteid=mktw
In the latest criticism of Fannie Mae, this week's Barron's
says the mortgage finance behemoth is on shaky ground
China seen draining foreign exchange reserves to prop up state banks
Submitted by cpowell on Mon, 2004-05-17 03:00 Section: Daily DispatchesGold May Halt 7-Week Slide on U.S. Inflation Concern
By Claudia Carpenter
Bloomberg News Service
Monday, May 17, 2004
http://quote.bloomberg.com/apps/news?pid=nifea&&sid=a6zPrW3X8JpI
Gold may rise for the first week in eight on concern
that U.S. inflation will accelerate, according to a
Bloomberg survey of 36 traders, investors, and
Bloomberg story raises silver price suppression issue
Submitted by cpowell on Mon, 2004-05-17 03:00 Section: Daily DispatchesChinese Banks Face Crisis
By Nick Mathiason
The Observer, London
Sunday, May 16, 2004
http://observer.guardian.co.uk/business/story/0,6903,1217630,00.html
China's banking system faces a mounting crisis that
threatens to further destabilise the country's teetering
economy. Speculation is growing that the authorities
There''s no inflation ... unless you open your eyes
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily DispatchesBy Jim Sinclair
Saturday, May 15, 2004
http://www.jsmineset.com/home.asp
Here I am reviewing a host of material from bearish gold
advisers and "trade everything always" hustlers and I can
no longer contain myself.
That's because on the right side of my desk is a report
on the COT (positions of large and assumed-to-be
commercial traders) and the Saturday edition of
James Turk: Inflation is rising and the trend for gold remains up
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily DispatchesBill Coming Due
By Paul Tharp
New York Post
Friday, May 14, 2004
http://www.nypost.com/business/20852.htm
Price tag shock is heading into stores by Memorial Day
due to soaring wholesale prices, with dairy prices
jumping to their highest levels in 58 years.
Retailers also are suffering a new shopping slump after
their biggest boom in a year and could get hit harder
James Grant: Encouraging debt, Fed itself has created threat of deflation
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily Dispatches10:13a ET Sunday, May 16, 2004
Dear Friend of GATA and Gold:
James Turk, editor of The Freemarket Gold & Money
Report, proprietor of GoldMoney, and consultant to
GATA, has posted a new analysis of the gold price
at the GoldMoney Internet site. He writes that
inflation is rising, that the gold price remains
firmly in its upward channel despite the recent
decline, and that the recent decline was
Clive Roffey: If you don''t buy metals now, you''ll hate yourself in six months
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily DispatchesLow Rates, High Expectations
By James Grant
The New York Times
Sunday, May 16, 2004
http://www.nytimes.com/2004/05/16/opinion/16GRAN.html
Inflation is returning to the American checkout counter
under the unlikely sponsorship of the Federal Reserve.
For the past year, the Fed has been striving to make
the dollar buy less. It's well on its way to succeeding,
Fannie Mae is too big to fail, and thus too big to tell the truth
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily Dispatches6:10p ET Sunday, May 16, 2004
Dear Friend of GATA and Gold:
Clive Roffey couldn't be more enthusiastic about gold,
silver, and their mining shares. You can find his
commentary at Gold-Eagle here:
http://www.gold-eagle.com/editorials_04/roffey051604.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Smart Money magazine reports on gold, GATA, and price suppression
Submitted by cpowell on Sat, 2004-05-15 03:00 Section: Daily Dispatches8p ET Friday, May 14, 2004
Dear Friend of GATA and Gold:
David Bond's new Wallace (Idaho) Street Journal
commentary, posted at 321Gold.com, pays
tribute to Silver Standard Resources for
recognizing that its product is MONEY, to be
held as savings and as cash without apology:
CFTC responds to complaints of manipulation in the silver market
Submitted by cpowell on Sat, 2004-05-15 03:00 Section: Daily Dispatches10:39a ET Saturday, May 15, 2004
Dear Friend of GATA and Gold:
Gold and GATA are the subjects of a beautifully
illustrated six-page report in the June edition
of Smart Money magazine, which arrived on
newsstands this week.
The report is titled "Return of the Goldbugs,"
and while it dismisses the long-term prospects
for the gold price, it identifies conditions
contributing to gold's rise, anoints GATA
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