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Daily Dispatches
John Hathaway: Welfare state democracy is sure to destroy the dollar
Submitted by cpowell on Wed, 2011-05-25 20:10 Section: Daily Dispatches8:12p ET Wednesday, May 25, 2011
Dear Friend of GATA and Gold (and Silver):
Writing at the King World News blog, Tocqueville Gold Fund manager John Hathaway studies the age of the gold bull and concludes that the bull has longer to run because welfare state democracy has pushed the U.S. dollar past the tipping point. Hathaway writes:
GATA urges Paul to probe Fed's gold swaps; he tells CNBC he will
Submitted by cpowell on Wed, 2011-05-25 18:09 Section: Daily Dispatches6:14p ET Wednesday, May 25, 2011
Dear Friend of GATA and Gold:
Market manipulation is the very purpose of derivatives
Submitted by cpowell on Wed, 2011-05-25 11:14 Section: Daily Dispatches11:13a ET Wednesday, May 25, 2011
Dear Friend of GATA and Gold (and Silver):
World back on gold standard by 2014, Ian Gordon tells MineWeb
Submitted by cpowell on Wed, 2011-05-25 10:38 Section: Daily Dispatches10:35a ET Wednesday, May 25, 2011
Dear Friend of GATA and Gold (and Silver):
Stewart Thompson: QE having failed, gold revaluation is next
Submitted by cpowell on Wed, 2011-05-25 00:41 Section: Daily Dispatches12:35a ET Wednesday, May 25, 2011
Dear Friend of GATA and Gold:
Colombia intervenes surreptitiously to push peso down
Submitted by cpowell on Wed, 2011-05-25 00:03 Section: Daily DispatchesColombia's Dollar Purchases Generate Angst In Forex Market
By Darcy Crowe
Dow Jones Newswires
via The Wall Street Journal
Tuesday, May 24, 2011
http://online.wsj.com/article/BT-CO-20110524-714164.html
BOGOTA, Colombia -- The Colombian peso has been roiled by a dose of fear in recent weeks spurred by discretionary government dollar purchases in the exchange market.
Similar tactics are easily implemented in the precious metals markets
Submitted by cpowell on Tue, 2011-05-24 23:55 Section: Daily DispatchesBut wanting prices down, governments never move against short-side manipulations. Instead governments assist them.
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US Sues Big Oil Traders for 2008 Manipulation
By Joshua Schneyer and Timothy Gardner
Reuters
Tuesday, May 24, 2011
http://www.reuters.com/article/2011/05/25/cftc-oil-manipulation-idUSN242...
Maybe someday they'll notice JPM's and HSBC's gold and silver custodianships
Submitted by cpowell on Tue, 2011-05-24 19:34 Section: Daily DispatchesLawmakers Alert Watchdog on LME Warehousers
By Pratimi Desai
Reuters
Tuesday, May 24, 2011
http://uk.reuters.com/article/2011/05/24/uk-committee-metals-idUKTRE74N3...
LONDON -- Anti-competition authorities may probe activity by large traders on the London Metal Exchange that also own warehouses, including investment bank JP Morgan, after lawmakers raised concerns.
Silver's tightness could take it to $125, Embry tells King World News
Submitted by cpowell on Tue, 2011-05-24 19:19 Section: Daily Dispatches7:11p ET Tuesday, May 24, 2011
Dear Friend of GATA and Gold (and Silver):
Join GATA at the Vancouver conference in June
Submitted by cpowell on Tue, 2011-05-24 13:28 Section: Daily Dispatches1:27p ET Tuesday, May 24, 2011
Dear Friend of GATA and Gold (and Silver):
Nothing is lovelier than Vancouver in June, except maybe Vancouver in June full of gold and silver and resource bugs. So please consider joining GATA at Cambridge House's World Resource Investment Conference in Vancouver on Sunday and Monday, June 5 and 6.