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Daily Dispatches
IMF draft report expects more depreciation of U.S. dollar
Submitted by cpowell on Wed, 2003-08-27 03:00 Section: Daily DispatchesBy Alden Bentley
a href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=3339143...
NEW YORK, Aug. 26 (Reuters) -- The once frothy gold
options market is drying up as mining companies
comply with new hedge accounting rules and try to
retain the confidence of investors still infuriated by the
gold derivatives debacle four years ago.
Central banks don''t have the gold anymore, Sprott''s Embry tells Investor Canada
Submitted by cpowell on Wed, 2003-08-27 03:00 Section: Daily Dispatchesa href=http://biz.yahoo.com/rf/030827/imf_draft_dollar_1.htmlhttp://biz.yahoo.c...
MILAN, Aug. 27 (Reuters) -- The International Monetary
Fund sees further potential for a depreciation of the
U.S. dollar due to the high U.S. current account deficit,
according to a draft IMF report obtained by Reuters.
quot;The IMF sees further potential for a depreciation of
Gold is boomeranging on George, Greenspan, and the other central bankers
Submitted by cpowell on Wed, 2003-08-27 03:00 Section: Daily Dispatches8:42p ET Wednesday, August 27, 2003
Dear Friend of GATA and Gold:
John Embry, president of Sprott Asset Management
in Toronto, today gave an interview to Investor
Canada and again publicized the essence of GATA's
findings about the gold market. The interview is
appended.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
INVESTOR CANADA INTERVIEWS JOHN EMBRY,
Gold breaks through resistance; funds said to be ''monster buyers''
Submitted by cpowell on Wed, 2003-08-27 03:00 Section: Daily DispatchesBy Sean Corrigan
a href=http://www.capital-insight.comhttp://www.capital-insight.com/a
sean@capitalinsight.co.uk
Wednesday, August 27, 2003
Though vehemently denied by all and sundry in officialdom,
there are many in financial markets who will tell you that the
decision taken suddenly in 1999 by Culpability Brown, with
the endorsement of Sir Eddie the Unready George to dump
roughly 400 tonnes of Britain's precious reserves of gold at
Two essays to enjoy the gold and silver breakout by
Submitted by cpowell on Wed, 2003-08-27 03:00 Section: Daily Dispatchesa href=http://biz.yahoo.com/rf/030827/markets_precious_comex_2.http://biz.yahoo...
NEW YORK, Aug. 27 (Reuters) -- New York gold surged
to a three-month high Wednesday, snapping a summer
downtrend and catapulting silver and platinum to new
peaks as buyers swarmed out of the woodwork.
Mining shares soared and commodity funds lined up to buy
gold futures at the COMEX division of the New York
Gold''s physical market is overcoming the paper market
Submitted by cpowell on Wed, 2003-08-27 03:00 Section: Daily Dispatches9:20p ET Wednesday, August 27, 2003
Dear Friend of GATA and Gold:
Worth reading tonight as you enjoy today's breakout
of gold and silver prices....
Jim Sinclair's quot;Gold Market Summaryquot; for Wednesday,
at this hour the second item on his Internet site's
home page:
a href=http://www.jsmineset.com/s/Home.asphttp://www.jsmineset.com/s/Home.asp/a
And trader Rick Ackerman again talks openly about
Producer dehedging chokes gold options trade
Submitted by cpowell on Tue, 2003-08-26 03:00 Section: Daily DispatchesInvesting with John Hathaway, Tocqueville Gold Fund
By Carole Gould
The New York Times
Sunday, August 24, 2003
a href=http://www.nytimes.com/2003/08/24/business/yourmoney/24INVO.htmlhttp://w...
Gold prices appear poised to reach new highs, in the
view of John C. Hathaway, manager of the $280 million
Tocqueville Gold fund.
Gold prices were in a bear market for more than 20
Brimelow commentary at CBSMarketWatch cites GATA''s Murphy and Landis
Submitted by cpowell on Mon, 2003-08-25 03:00 Section: Daily Dispatches11:13p ET Friday, August 22, 2003
Dear Friend of GATA and Gold:
Trader and analyst Rick Ackerman may not yet be able
to pronounce quot;GATAquot; but he can say quot;Jim Sinclairquot; and
he has started to take government suppression of the
gold price as a given. Exploit it, he says in his
commentary today, and grab gold shares while they
are cheap:
a href=http://www.marketwise.com/MW_WiseG/BBF_Archive/20030822.htmhttp://www.ma...
Sunday New York Times features interview with Tocqueville Gold''s John Hathaway
Submitted by cpowell on Mon, 2003-08-25 03:00 Section: Daily Dispatches12:10p ET Monday, August 25, 2003
Dear Friend of GATA and Gold:
Peter Brimelow's commentary today at CBSMarketWatch,
quot;Gold at a Crossroads,quot; quotes GATA Chairman Bill
Murphy and cites GATA consultant Robert K. Landis. You
can find it here:
a href=http://cbs.marketwatch.com/news/story.asp?guid=%7B15BE96A4%2D88D9%http:/...
We''re really winning, so don''t be so disappointed by one bad day
Submitted by cpowell on Fri, 2003-08-22 03:00 Section: Daily Dispatches7:28a ET Thursday, August 21, 2003
Dear Friend of GATA and Gold:
MineWeb's Tim Wood has some great reporting this
morning about how Goldman Sachs tried to destroy
Newmont's Yandal mine in Australia but was
prevented by Newmont's reoganization scheme,
which was nevertheless very generous to creditors,
including Goldman Sachs itself. And now, MineWeb
says, Newmont seems about to prevail in the