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Daily Dispatches
MineWeb interviews Brett Kebble on the difficulty of mining in South Africa
Submitted by cpowell on Wed, 2005-03-23 03:00 Section: Daily DispatchesLink Between Treasury Yields
and Dollar Is Questioned
By Steve Johnson
Financial Times, London
Wednesday, March 23, 2005
Two leading investment banks on Wednesday questioned whether rising
US Treasury yields would increase the attractiveness of the dollar,
even as the US currency rose on the back of rising US inflation
concerns.
"We question how much support the dollar will get from rising US
Central bankers manipulate currency markets, and gold and silver are currencies
Submitted by cpowell on Tue, 2005-03-22 03:00 Section: Daily Dispatches8:25p ET Monday, March 21, 2005
Dear Friend of GATA and Gold:
The news report appended here about Citigroup's
avoidance of criminal charges in Germany for its
euro bond market manipulation last August evokes
the dictum of the great American journalist
Charles Peters, editor emeritus of The Washington
Monthly.
The big scandal, Peters remarked, is seldom what
is illegal but what is perfectly legal.
Newmont''s Lassonde takes over chairmanship of World Gold Council
Submitted by cpowell on Tue, 2005-03-22 03:00 Section: Daily Dispatches12:26a ET Tuesday, March 22, 2005
Dear Friend of GATA and Gold:
"Every profession," George Bernard Shaw
remarked, "is a conspiracy against the
laity." And it seems that every meeting
of central bankers is a conspiracy
against the currency markets.
Gold and silver prices are routinely
listed with currency prices because the
precious metals are supra-national
currencies. So if central bankers often
DRDGold will close South African mines, dropping 5,600 jobs
Submitted by cpowell on Tue, 2005-03-22 03:00 Section: Daily DispatchesFrom Reuters
Tuesday, March 22, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh54537_2005-03-22_12-04-08_l22240854_newsml
LONDON -- The World Gold Council has
appointed Pierre Lassonde, president
of leading global gold mining firm
Newmont Mining Corp., as its new
chairman.
The industry-backed group said in a
Ted Butler: None so blind
Submitted by cpowell on Tue, 2005-03-22 03:00 Section: Daily DispatchesBy David McKay
MiningMx.com
Tuesday, March 22, 2005
DRDGOLD has today applied to liquidate its operating
shafts in South Africa's North West province (Blyvoor
and Harties) in a step that saves the group from
bankruptcy but cedes a third of its 15 million in gold
reserves.
The decision is likely to stir the ire of unions, as
some 5,600 jobs have been placed in jeopardy.
The application to liquidate the mines also opens the
GATA''s international press release on Veneroso report in Gold Newsletter
Submitted by cpowell on Mon, 2005-03-21 03:00 Section: Daily Dispatches9:30p ET Sunday, March 20, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood tonight has posted
his essay "GATA's Fatal Gold Solipsism," which
seems to argue, contrary to GATA's recent
suggestion, that gold should not necessarily have
any correlation with the CRB Index. You can find
Wood's essay here:
Learn the basics of precious metals at Solari''s Precious Metals Miniseries
Submitted by cpowell on Mon, 2005-03-21 03:00 Section: Daily DispatchesNew Report on Gold Market
By Veneroso Vindicates GATA
GATA press release via Business Wire
Monday, March 21, 2005
http://home.businesswire.com/portal/site/google/index.jsp?
ndmViewId=news_view&newsId=20050321005333&newsLang=en
Frank Veneroso, perhaps the world's foremost gold market analyst,
has written a new study of the market that the Gold Anti-Trust
The big scandal isn''t what is illegal but what is perfectly legal
Submitted by cpowell on Mon, 2005-03-21 03:00 Section: Daily Dispatches8p ET Monday, March 21, 2005
Dear Friend of GATA and Gold:
Here's a little plug for the Precious Metals Miniseries
of Solari Teleseminars, the undertaking of GATA board
member Catherine Austin Fitts. It will make a donation
to GATA for everyone who enrolls. Please check it out.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Announcing Solari Teleseminars
James Turk: The Fed''s track record isn''t pretty
Submitted by cpowell on Sun, 2005-03-20 03:00 Section: Daily DispatchesBy The Associated Press
Friday, March 18, 2005
http://biz.yahoo.com/ap/050318/fed_citigroup_2.html
WASHINGTON -- The Federal Reserve has barred Citigroup Inc., the
largest U.S. financial institution, from making major new
acquisitions until it corrects regulatory problems that have gotten
it into trouble with authorities in several countries.
Germany''s Silberinfo interviews GATA''s officers
Submitted by cpowell on Sun, 2005-03-20 03:00 Section: Daily Dispatches12:55p ET Sunday, March 20, 2005
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the
Freemarket Gold & Money report and consultant
to GATA, has measured the dollar's long-term
decline in value and taken note of the more
recent declines in shares of Fannie Mae,
Freddie Mac, General Motors, and AIG. You'll
like his conclusion. Just go to the GoldMoney
home page here: