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Daily Dispatches
Bid for a valuable souvenir of Gold Rush 21
Submitted by cpowell on Mon, 2005-08-01 03:00 Section: Daily Dispatches7:07p ET Sunday, July 31, 2005
Dear Friend of GATA and Gold:
Bloomberg News Service's weekly survey of traders'
views on the gold price, appended here, quotes a
GATA supporter, Paul Yusem of Lombard, Ill., and
a participant in GATA's Gold Rush 21 conference,
Gregory Orrell of Orrell Capital Management in
Livermore, Calif.
The survey also takes note of central bank gold
dishoarding, which, while the primary determinant
Russian central bank''s currency basket reduces dollars, adds euros
Submitted by cpowell on Mon, 2005-08-01 03:00 Section: Daily Dispatches11:44a ET Monday, August 1, 2005
Dear Friend of GATA and Gold:
Even if you weren't able to reserve a spot at GATA's
Gold Rush 21 conference in Dawson City, Yukon,
Canada, from August 7-9, you can bid now for a
valuable souvenir of what we plan to make a historic
event.
Agnico-Eagles Mines Ltd., a sponsor of GR21, is
donating to us 10 Johnson-Matthew numbered
1-ounce gold wafers and we'll be auctioning them
Yuan upvaluation may benefit Canada and Australia more than U.S.
Submitted by cpowell on Sun, 2005-07-31 03:00 Section: Daily Dispatches6:16p ET Saturday, July 30, 2005
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold & Money
Report, founder of GoldMoney, and consultant to
GATA, says in new commentary at the GoldMoney
Internet site that gold is breaking out in terms of
British pounds.
Of course that is, as Turk notes, a special delight
to gold's friends, since it is another repudiation of
British Chancellor Gordon Brown, who began
Bloomberg survey quotes GATA pals and notes central bank dishoarding
Submitted by cpowell on Sun, 2005-07-31 03:00 Section: Daily DispatchesBy Peter Robison
Bloomberg News Service
Monday, August 1, 2005
http://www.bloomberg.com/apps/news?
pid=10000081&sid=aEmftYnKdSP0&refer=australia
Now that China has responded to U.S. pressure to revalue its
currency, there may be some unintended winners: Canadian tourists
and Australian copper miners.
Big beneficiaries may include mining companies from Melbourne-based
James Turk says gold breaks out against British pound; and a correction
Submitted by cpowell on Sat, 2005-07-30 03:00 Section: Daily DispatchesNewmont Says Oil Prices Will Hurt Profits
By The Associated Press
Friday, July 29, 2005
http://biz.yahoo.com/ap/050729/indonesia_newmont_mining.html?.v=1
BATU HIJAU, Indonesia -- U.S.-based mining company Newmont said
Friday that rising oil prices will increase its costs by as much as
US$30 million at its massive copper and gold mine in Indonesia.
Italian prosecutors want to indict banks for market rigging in Parmalat case
Submitted by cpowell on Fri, 2005-07-29 03:00 Section: Daily Dispatches10p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
Here's an abbreviated link for the CBSMarketWatch
video interview with GoldMoney founder James Turk:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Newmont cautions on higher costs and lower gold production
Submitted by cpowell on Fri, 2005-07-29 03:00 Section: Daily DispatchesProsecutors Ask for Indictments for Five Banks
and Securities Firms in Parmalat Collapse
By The Associated Press
Friday, July 29, 2005
http://biz.yahoo.com/ap/050729/italy_parmalat_banks.html?.v=1
ROME -- Prosecutors in Milan asked a judge Friday to issue
indictments against five global banks and securities companies for
China''s golden key to independence from the United States
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily DispatchesPlacer Dome Announces 2005 Second Quarter Results
Excerpts from Company Press Release
via Business Wire
Wednesday, July 27, 2005
(U.S. dollars used)
http://biz.yahoo.com/bw/050727/276165.html?.v=1
VANCOUVER, British Columbia -- Placer Dome Inc. announces a second
quarter loss of $7 million ($(0.01) per share), inclusive of a non-
Peter Schiff: China''s peg was America''s crutch
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily DispatchesA Golden Solution to the China Syndrome?
By Richard Lehmann
Forbes.com
Wednesday, July 27, 2005
http://www.forbes.com/investmentnewsletters/2005/07/27/china-gold-
lehmann-cz_rl_0727soapbox_inl.html?
Put yourself in China's shoes. Your economy is heavily dependent
for its economic growth and well being on exports to the United
At this rate Barrick won''t close its hedge book for eight years
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches8:50p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
Peter Schiff of Euro-Pacific Capital Inc. argues in
his new essay, "China's Peg Was America's Crutch,"
that the upward revaluation of the yuan will not be
good for the United States.
He writes:
"China's announcement basically gives all Asian
central banks the green light to sell their dollars as
well.The ultimate implications for Asians and
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