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Daily Dispatches

John Hathaway: Welfare state democracy is sure to destroy the dollar

Section: Daily Dispatches

8:12p 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

Section: Daily Dispatches

6:14p ET Wednesday, May 25, 2011

Dear Friend of GATA and Gold:

Market manipulation is the very purpose of derivatives

Section: Daily Dispatches

11:13a ET Wednesday, May 25, 2011

Dear Friend of GATA and Gold (and Silver):

World back on gold standard by 2014, Ian Gordon tells MineWeb

Section: Daily Dispatches

10:35a ET Wednesday, May 25, 2011

Dear Friend of GATA and Gold (and Silver):

Stewart Thompson: QE having failed, gold revaluation is next

Section: Daily Dispatches

12:35a ET Wednesday, May 25, 2011

Dear Friend of GATA and Gold:

Colombia intervenes surreptitiously to push peso down

Section: Daily Dispatches

Colombia'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

Section: Daily Dispatches

But wanting prices down, governments never move against short-side manipulations. Instead governments assist them.

* * *

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

Section: Daily Dispatches

Lawmakers 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

Section: Daily Dispatches

7:11p ET Tuesday, May 24, 2011

Dear Friend of GATA and Gold (and Silver):

Join GATA at the Vancouver conference in June

Section: Daily Dispatches

1:27p 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.

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