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Daily Dispatches
Calandra analyzes new blueprint for World Gold Council''s bullion fund
Submitted by cpowell on Mon, 2003-09-29 03:00 Section: Daily Dispatches11:24p ET Sunday, September 28, 2003
Dear Friend of GATA and Gold:
In two commentaries tonight, Jim Sinclair addresses those
with shaky nerves: quot;Insiders Selling Into Gold Risequot; and
quot;Sunday Evening Gold.quot; You can find them here:
a href=http://www.jsmineset.comhttp://www.jsmineset.com/a
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
''Midas,'' MineWeb, and Sinclair shouldn''t be missed tonight
Submitted by cpowell on Mon, 2003-09-29 03:00 Section: Daily Dispatches12:52p ET Monday, September 29, 2003
Dear Friend of GATA and Gold:
CBSMarketWatch's Thom Calandra reports that the
World Gold Council's proposed bullion fund has filed
a new registration statement with the U.S. Securities
and Exchange Commission, and he's the first to analyze
it. You can find his commentary here:
a href=http://cbs.marketwatch.com/news/story.asp?http://cbs.marketwatch.com/new...
Gold last week bounced off the top and bottom of its up channel, Sinclair writes
Submitted by cpowell on Sun, 2003-09-28 03:00 Section: Daily Dispatches11:17a ET Saturday, September 27, 2003
Dear Friend of GATA and Gold:
MineWeb's Tim Wood analyzes Barrick Gold's presentation
about its hedging policy at the Denver gold conference and
finds it confusing and questionable. To the contrary, GATA
finds that Barrick's policy makes perfect sense if one
assumes, as the Blanchard vs. Barrick and Morgan Chase
lawsuit charges, that Barrick, with Morgan Chase's backing,
Shaky nerves about gold? Jim Sinclair has something to tell you
Submitted by cpowell on Sun, 2003-09-28 03:00 Section: Daily Dispatches10:37a ET Sunday, September 28, 2003
Dear Friend of GATA and Gold:
Jim Sinclair argues that nothing much happened in
gold last week except perhaps for the panic of some
gold shareholders. In his Saturday commentary,
quot;Saturday Coffee and the Gold Market,quot; he writes:
quot;All that's happened so far is that gold touched the
overbought top line of its up channel and when it
backed away the Cartel jumped on it with Morgan
MineWeb confused by Barrick hedging policy, but Blanchard suit makes sense of it
Submitted by cpowell on Sat, 2003-09-27 03:00 Section: Daily Dispatches9:04p ET Friday, September 26, 2003
Dear Friend of GATA and Gold:
MineWeb's Tim Wood has a short commentary tonight on
China's golden ambitions as described in the China
Daily article just dispatched to you. Wood picks up
on what may be the most important point:
quot;Xi Jianhua, the Bank of China's gold business expert,
is also quoted saying that it would be 'safe and
feasible' for China to swap some foreign exchange
Why did gold go into reverse on Thursday?
Submitted by cpowell on Fri, 2003-09-26 03:00 Section: Daily DispatchesBy Michael Kosares, Proprietor
Centennial Precious Metals, Denver
a href=http://www.USAGold.comhttp://www.USAGold.com/a
Wednesday, September 24, 2003
Dubai did not produce an accord. It did not even produce
an accommodation. It ended as little more than an
affirmation of the status quo. So much so that the United
Kingdom and Japan basically said that nothing happened;
China dug in its heels, and the United States claimed that
15 Fundamental Reasons to Own Gold, by Sprott Asset Management Prez John Embry
Submitted by cpowell on Fri, 2003-09-26 03:00 Section: Daily Dispatches1:47a ET Friday, September 26, 2003
Dear Friend:
Chris Temple of National Investor analyzes gold's abrupt
reversal downward Thursday, quotes GATA Chairman Bill
Murphy's Thursday night commentary at LeMetropoleCafe.com,
acknowledges that central banks may not want gold to rise,
and predicts that the struggle over gold may intensify
from hand-to-hand fight to global thermonuclear war. You
China isn''t shaken out by usual desperate manipulation on commodities exchange
Submitted by cpowell on Fri, 2003-09-26 03:00 Section: Daily Dispatches8:20p ET Friday, September 26, 2003
Dear Friend of GATA and Gold:
John Embry, president of Sprott Asset Management
in Toronto and the one mutual fund manager who
acknowledges central bank intervention against the
gold price, has written an essay titled quot;15
Fundamental Reasons to Own Gold.quot; You can read it
in the quot;Founder's Commentaryquot; box at the top left
of the home page at GoldMoney:
Imagine China''s swapping some of its mountain of treasuries for real metal
Submitted by cpowell on Fri, 2003-09-26 03:00 Section: Daily Dispatches8:30p ET Friday, September 26, 2003
Dear Friend of GATA and Gold:
While some Western gold bugs are being shaken out
by the usual desperate central bank and bullion bank
manipulation of the gold futures price on the
commodities exchanges at options expiration time,
China is revving up its gold markets and gold
business in anticipation of gold's return as the
pre-eminent currency and preserver of wealth.
The March of Folly: To Be Continued at an Economy Near You
Submitted by cpowell on Thu, 2003-09-25 03:00 Section: Daily Dispatches11:25p ET Wednesday, September 24, 2003
Dear Friend of GATA and Gold:
The Association of Mining Analysts will hold a half-day
seminar in London on Thursday, October 2, titled
quot;Prospects for Gold: Is the Bull Here to Stay?,quot; and
GATA consultant Robert K. Landis, perhaps the
foremost authority on the hedging practices of Barrick
Gold, will be among the principal speakers.
The seminar concludes with a buffet lunch.
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