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Daily Dispatches
Russia joins Middle East in shifting foreign exchange away from dollar
Submitted by cpowell on Thu, 2006-06-08 03:00 Section: Daily Dispatches8:53p ET Wednesday, June 7, 2006
Dear Friend of GATA and Gold:
While so many of us fret about our mining shares,
Michael Kosares, proprietor of Centennial Precious
Metals in Denver, demonstrates that buying gold
in June and July and walking away has been a
consistently winning trade. And of course it does
exactly what the plutocracy fears most -- that is,
it draws metal stockpiles down.
Bill Bonner: GATA isn''t as crazy as the financial establishment
Submitted by cpowell on Thu, 2006-06-08 03:00 Section: Daily DispatchesBy Steve Johnson
Financial Times, London
Thursday, June 8, 2006
http://news.yahoo.com/s/ft/20060608/bs_ft/fto060820061237072188
Russia became the latest country to shift a chunk of its central bank
reserves out of the dollar, further eroding the standing of the
greenback as the world's de-facto reserve currency.
America Online terminates GATA''s e-mail account without notice
Submitted by cpowell on Thu, 2006-06-08 03:00 Section: Daily Dispatches8:09p ET Thursday, June 8, 2006
Dear Friend of GATA and Gold:
Bill Bonner's nightly column at The Daily Reckoning has
some nice things to say about GATA. They are excerpted
below.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
By Bill Bonner
DailyReckoning.com
Thursday, June 8, 2006
India''s Financial Express reports IMF-directed double-counting of gold
Submitted by cpowell on Wed, 2006-06-07 03:00 Section: Daily DispatchesBy Jessica Holzer
Forbes
Friday, June 2, 2006
http://www.forbes.com/beltway/2006/06/01/paulson-tax-loophole-
cx_jh_0602paultax.html
WASHINGTON -- For Henry Paulson Jr., a Goldman-sized tax loophole
awaits his pleasure.
High-flying business executives almost always endure financial
sacrifice when they make a detour into public service. Paulson is no
$3 gas is just the flip side of deficits, housing boom, and war
Submitted by cpowell on Wed, 2006-06-07 03:00 Section: Daily DispatchesDouble-Counting of Gold by Central Banks
May Have Aided the Price Suppression
By Sangita Shah
Financial Express, Mumbai
Tuesday, June 6, 2006
http://www.financialexpress.com/fe_full_story.php?content_id=129715
The International Monetary Fund (IMF) apparently directed member
central banks to double-count their gold when it had been leased or
Complimenting GATA, Peter Grandich jumps back into gold and silver
Submitted by cpowell on Wed, 2006-06-07 03:00 Section: Daily DispatchesBy Chris Powell
Journal Inquirer, Manchester, Connecticut
Tuesday, June 6, 2006
http://www.journalinquirer.com/site/news.cfm?
newsid=16744571&BRD=985&PAG=461&dept_id=565860&rfi=6
Connecticut's governor and attorney general and some of its members
of Congress have complained indignantly about gas and oil prices and
Mike Kosares: June and July are most profitable for buying gold
Submitted by cpowell on Wed, 2006-06-07 03:00 Section: Daily Dispatches8:12p ET Wednesday, June 7, 2006
Dear Friend of GATA and Gold:
Peter Grandich lately has been calling the gold and
silver markets perfectly, and in his latest metals
investment letter, published this morning, he gives
some kind compliments to GATA as he argues that
"it's time to jump back in the precious metals and
mining shares with both feet again."
For some of us, that would require first getting
IMF study acknowledges risk of double-counting leased central bank gold
Submitted by cpowell on Tue, 2006-06-06 03:00 Section: Daily DispatchesBy John Dizard
Financial Times
Monday, June 5, 2006
http://news.ft.com/cms/s/9286fa74-f4a1-11da-86f6-0000779e2340.html
For all the fireworks in the gold price last month, including a 25-
year high, the metal that drives men mad ended down by slightly less
than 2 percent from the end of April. To me and some of the more
John Embry: Paper assets seeking safety send gold soaring
Submitted by cpowell on Tue, 2006-06-06 03:00 Section: Daily Dispatches12:56a ET Tuesday, June 6, 2006
Dear Friend of GATA and Gold:
A research paper commissioned by the International
Monetary Fund appears to confirm the Gold Anti-
Trust Action Committee's longstanding complaint
that the IMF has directed member central banks to
double-count their gold when it has been leased or
swapped or otherwise has left a central bank's vault
orpossession.
The paper, "Treatment of Gold Swaps and Gold
Buy ''Eye of the Pyramid'' through June 7 and support GATA
Submitted by cpowell on Tue, 2006-06-06 03:00 Section: Daily Dispatches1:18a ET Tuesday, June 6, 2006
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment strategist,
John Embry, has written for Investor's Digest of Canada
a new commentary explaining why the top for gold is
years away. Embry also has kind compliments for GATA.
Embry's commentary is headlined "Paper Assets Seeking
Safety Send Gold Soaring" and you can find it at the
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