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Daily Dispatches
Corrected version of Grandich Letter's special alert
Submitted by cpowell on Tue, 2006-09-12 19:50 Section: Daily Dispatches7:37p ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
There are have been some fixes to the graphics in today's special alert of the Grandich Letter. You can find a corrected version of the letter at the Grandich Internet site here:
http://www.grandich.com/docs/alertGL_09-12-06.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Join GATA
Peter Grandich: Special alert -- A realist's view
Submitted by cpowell on Tue, 2006-09-12 16:58 Section: Daily Dispatches4:42p ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
Peter Grandich's letter issued today -- "Special Alert -- A Realist's View" -- is a comprehensive analysis of the metals markets and includes a long section endorsing GATA's work and describing the probability of market manipulation. Grandich's continuing support of GATA has been of the greatest importance and we're deeply grateful for it. He will join GATA as a speaker at both the Toronto Resource Investment Conference and the New Orleans Investment Conference, which are cited below.
What happened in Vegas should NOT stay in Vegas
Submitted by cpowell on Tue, 2006-09-12 14:25 Section: Daily Dispatches2:16p ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
One of GATA's first supporters in the coin and bullion business, Dr. Fred Goldstein of Swiss America Trading Corp. in Phoenix, attended the recent hard assets investment conference in Las Vegas and his comments about it are appended, along with an essay by Swiss America's Craig R. Smith.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Whoever has been selling gold, the powerful are not omnipotent
Submitted by cpowell on Tue, 2006-09-12 11:51 Section: Daily Dispatches11:30a ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
This essay by Mike Kosares, proprietor of Centennial Precious Metals in Denver and host of the wonderful forum at the firm's Internet site, www.USAGold.com, is adapted from a couple of his posts there yesterday and today.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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By Mike Kosares
IMF worries that FX markets might develop, escaping central bank control
Submitted by cpowell on Tue, 2006-09-12 00:48 Section: Daily DispatchesIMF Identifies Risk of 'Disorderly' U.S. Dollar Drop
By Mark Drajem and Shamim Adam
Bloomberg News Service
Tuesday, September 12, 2006
http://quote.bloomberg.com/apps/news?pid=20601087&sid=aYXu7ScpRXC4
A "disorderly" drop in the dollar is the biggest risk to world financial markets, the International Monetary Fund said, urging policy makers to prepare and act quickly when asset prices slump.
Currency intervention reaches unprecedented heights, BIS says
Submitted by cpowell on Mon, 2006-09-11 20:48 Section: Daily DispatchesMight the central banks consider gold a currency too?. ...
The report of the Bank for International Settlements cited in the following dispatch can be found here:
http://www.bis.org/publ/qtrpdf/r_qt0609.pdf
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BIS Says Inflation May Force
Asian Countries to let
Currencies Rise, Hike Rates
By Steve Whitehouse
AFX News via Forbes.com
Sunday, September 10, 2006
http://www.forbes.com/business/feeds/afx/2006/09/10/afx3005525.html
Gold and silver go on sale
Submitted by cpowell on Mon, 2006-09-11 20:05 Section: Daily Dispatches7:45p ET Monday, September 11, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler is quick to report how he sees the smashing of gold and silver over the last few days. His commentary, posted at GoldSeek's companion site, SilverSeek, is headlined "Blatant Manipulation," and you can find it here:
http://news.silverseek.com/TedButler/1158011743.php
But really -- was anyone expecting anything else from the central banks on the anniversary of the September 11 terrorist attacks? At least central bank intervention is the suggestion of Peter Grandich of the Grandich Letter, quoted by CBSMarketWatch here:
Australian central banker admits disinformation campaign to dupe FX markets
Submitted by cpowell on Sun, 2006-09-10 15:27 Section: Daily DispatchesMarkets 'Duped' in Dollar Crisis
By Tim Colebatch
The Age, Melbourne (Australia)
Monday, September 11, 2006
http://www.theage.com.au/news/national/markets-duped-in-dollar-crisis/20...
Reserve Bank governor Ian Macfarlane has revealed that the Reserve teamed up with Prime Minister John Howard and Treasurer Peter Costello in the 1997-98 Asian financial crisis to hoodwink foreign exchange markets into thinking interest rates might rise.
Dubai's Khaleej Times cites GATA in review of silver's prospects
Submitted by cpowell on Sun, 2006-09-10 14:24 Section: Daily DispatchesSilver Could Be More Profitable Investment Than Gold
Khaleej Times, Dubai
Saturday, September 9, 2006
http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/business/20...
From Our Correspondent
JEDDAH, Saudi Arabia -- It is said that every cloud has a silver lining. But when it comes to silver, people usually see that lining more in gold than in the white metal itself.
Financial Times lets GoldMoney's James Turk explain metals bull market
Submitted by cpowell on Sun, 2006-09-10 11:13 Section: Daily DispatchesBullish on Bullion:
Desire for Safe Havens
Boosts Precious Market
By Monica Porter
Financial Times, London
Saturday, September 9, 2006
http://www.ft.com/cms/s/98e4c4f2-3f9f-11db-a37c-0000779e2340.html
James Turk of GoldMoney (www.GoldMoney.com) claims we are in the early stages of a multi-year bull market in precious metals.
"It is similar to the 1970s bull market in the metals, and just as that lasted for more than a decade, I expect this one will too," he says. "So we still have several years to go.
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