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Yuan upvaluation may benefit Canada and Australia more than U.S.
6:16p ET Saturday, July 30, 2005
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold & Money
Report, founder of GoldMoney, and consultant to
GATA, says in new commentary at the GoldMoney
Internet site that gold is breaking out in terms of
British pounds.
Of course that is, as Turk notes, a special delight
to gold's friends, since it is another repudiation of
British Chancellor Gordon Brown, who began
liquidating the Bank of England's gold at the bottom
of the gold market and who, having squandered
so much of his nation's patrimony, now aspires to
succeed Prime Minister Tony Blair.
You can find Turk's analysis in the "Founder's
Commentary" box at the top left of the GoldMoney
home page here:
Also, a correction: GATA's dispatch Friday about
Barrick Gold's second quarter statement
misconstrued some misleading language to
conclude that the company had received only
$243 per ounce for its gold while the spot price
had just reached $427. In fact, it appears that
Barrick received very close to the spot price for
gold throughout the second quarter because, as
the dispatch noted, the company did very little
to reduce its gold hedging during the quarter.
Barrick's report says it hedged gold totals 6.6
million ounces. And as the gold price rises,
it must be very nice for Barrick to have
arrangements with its bullion banks so that it
really never has to come up with those ounces.
Whoever discovers exactly who is really
underwriting those extraordinarily generous
terms to Barrick will have broken the secret
of the gold market.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
http://www.cbs.marketwatch.com
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.capitalupdates.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kereport.com
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
http://www.resourceinvestor.com
http://www.goldpennystocks.com/
Subscription sites:
http://www.lemetropolecafe.com/
http://www.interventionalanalysis.com
http://www.investmentindicators.com/
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
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888-413-4653
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Centennial Precious Metals
3033 East First Ave., Suite 807
Denver, Colorado 80206
1-800-869-5115
http://www.USAGOLD.com
Michael Kosares, Proprietor
cpm@usagold.com
Colorado Gold
222 South 5th St.
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Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
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Harvey Gordin, President
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Gold & Silver Investments Ltd.
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info@gold.ie
Investment Rarities Inc.
7850 Metro Parkway
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Greg Westgaard, Sales Manager
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178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
http://www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Lone Star Silver Exchange
1702 S. Highway 121
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Lewisville, Texas 75067
214-632-8869
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3015 Ottawa Ave. South
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fax: 952-925-0143
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Contacts: David Schectman,
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Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
http://www.mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
The Moneychanger
Box 178
Westpoint, Tennessee 38486
http://www.the-moneychanger.com
Franklin Sanders
1-888-218-9226, 931-766-6066
----------------------------------------------------
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