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Daily Dispatches
Jim Sinclair: The establishment is starting to pay attention to gold
Submitted by cpowell on Thu, 2005-06-16 03:00 Section: Daily Dispatches9p ET Thursday, June 16, 2005
Dear Friend of GATA and Gold:
Reginald H. Howe, proprietor of the Golden Sextant
Internet site and consultant to GATA, has studied
the latest report from the Bank for International
Settlements on over-the-counter derivatives in gold.
Among his conclusions:
* Gold short exposure seems to be shifting
gradually away from bullion banks to central
banks.
James Cook of Investment Rarities interviews Ted Butler on silver
Submitted by cpowell on Wed, 2005-06-15 03:00 Section: Daily DispatchesThey'll probably recover it from other
market scams in a week or two ....
* * *
JPMorgan Agrees to $2.2B Enron Settlement
By Joe Bel Bruno
The Associated Press
Tuesday June 14, 2005
http://biz.yahoo.com/ap/050614/enron_jpmorgan.html?.v=13
NEW YORK -- JPMorgan Chase & Co., the third-largest U.S. bank,
agreed Tuesday to pay $2.2 billion to settle a class-action lawsuit
Blanchard''s withdrawal against Morgan was settlement; suit continues vs. Barrick
Submitted by cpowell on Wed, 2005-06-15 03:00 Section: Daily DispatchesBy James Cook
InvestmentRarities.com
Tuesday, June 14, 2005
Theodore (Ted) Butler must certainly be the foremost silver analyst
of our time. Not only is he a pioneering thinker on the subject of
silver, he is also way ahead of the curve with what's happening
in the silver market. Many of his ideas are original and new. It's
no exaggeration to say that almost everything you see other people
Dollar declines as foreigners bought fewer assets than forecast
Submitted by cpowell on Wed, 2005-06-15 03:00 Section: Daily Dispatches4:30p ET Wednesday, June 15, 2005
Dear Friend of GATA and Gold:
GATA has confirmed that the withdrawal of Blanchard
& Co.'s lawsuit this week against JPMorganChase over
the manipulation of the gold price was in the nature
of a settlement of the complaint against MorganChase
and that Blanchard's lawsuit against co-defendant
Barrick Gold continues, the objective in both
respects being to end the unlimited provision of
Fed Governor Kohn warns on risks from unsustainable asset prices
Submitted by cpowell on Wed, 2005-06-15 03:00 Section: Daily DispatchesVivianne C. Rodrigues
Bloomberg News Service
Wednesday, June 15, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=aJcRmfjRCYRY&refer=top_world_news
The dollar fell for the first day in six against the euro after a
government report showed foreign investors purchased U.S. assets at
a slower-than-expected pace.
International investors bought a net $47.4 billion in Treasury
As labor talks begin, 86 percent of S. African mines are running losses
Submitted by cpowell on Tue, 2005-06-14 03:00 Section: Daily Dispatches4:40p ET Monday, June 13, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's presentation to the
Vancouver gold conference today has been posted
at the GATA Internet site here:
http://www.gata.org/Murphy061305.html
And over at LewRockwell.com, veteran independent
journalist Anne Williamson offers two cheers for
the New York Times Magazine's recent commentary
Morgan Chase pays $2.2 billion for facilitating Enron fraud
Submitted by cpowell on Tue, 2005-06-14 03:00 Section: Daily DispatchesTough Wage Talks Launched
in South Africa Gold Sector
From Reuters
Tuesday, June 14, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp;:42aeda65:e542267d
3f7ef0?type=businessNews&localeKey=en_ZA&storyID=8785819
JOHANNESBURG -- South African mining employers and unions opened pay
talks on Tuesday and one union said reaching a settlement would be
Blanchard suit against Morgan withdrawn, apparently continues vs. Barrick
Submitted by cpowell on Mon, 2005-06-13 03:00 Section: Daily Dispatches1:44p ET Sunday, June 12, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk, founder of GoldMoney
and editor of the Free Market Gold & Money Report,
has gotten out his charts for a new analysis about
the gold price. It's titled "Approaching an
Important Breakout" and it says, in part:
"Money is now fleeing all national currencies,
seeking the safe haven offered by gold. It is this
GATA chairman''s speech in Vancouver, and Anne Williamson on the NYTimes
Submitted by cpowell on Mon, 2005-06-13 03:00 Section: Daily Dispatches3:36p ET Monday, June 13, 2005
Dear Friend of GATA and Gold:
Blanchard & Co., the New Orleans coin and bullion dealer,
has withdrawn its lawsuit against JPMorganChase charging
the New York financial house with manipulating the price
of gold, MorganChase announced today. A brief Reuters
story and the MorganChase press release on which it is
based are appended.
While it's not explicit, the Blanchard gold price
China considers shifting yuan''s link from dollar to group of currencies
Submitted by cpowell on Sun, 2005-06-12 03:00 Section: Daily Dispatches11:41a ET Saturday, June 11, 2005
Dear Friend of GATA and Gold:
As you'll see from the Associated Press story appended
here, the Group of Eight industrialized nations agreed
today simply to cancel $40 billion in debt owed by poor
nations and to do it without reference to the gold held
(or supposedly held) by the International Monetary Fund,
which Britain long had been proposing to sell to
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