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Daily Dispatches
Julian Phillips: French gold sales have stopped
Submitted by cpowell on Fri, 2005-03-04 03:00 Section: Daily Dispatches10:44p ET Thursday, March 3, 2005
Dear Friend of GATA and Gold:
What we might as well start calling the Woertz
Report -- the study just published by the Gulf
Research Center in Dubai -- is already getting
noticed around the world, and GATA has high
hopes for it. The excerpt appended here from
tonight's edition of the HCM Daily Client Market
Letter, published by Harris Capital Management
Central bank threatens traders with intervention if Taiwan dollar keeps rising
Submitted by cpowell on Fri, 2005-03-04 03:00 Section: Daily Dispatches8:27p ET Friday, March 4, 2005
Dear Friend of GATA and Gold:
Julian D.W. Phillips, editor of Gold-Authentic
Money, reports that French gold sales have
stopped. You can find his analysis at
GoldSeek here:
http://news.goldseek.com/AuthenticMoney/1110121200.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Dubai study warns oil producers that Western banks rig gold market
Submitted by cpowell on Thu, 2005-03-03 03:00 Section: Daily Dispatches11:20p ET Wednesday, March 2, 2005
Dear Friend of GATA and Gold:
David Bond, author of the Wallace Street Journal
column, may be the best writer in this business,
as indicated by his new essay, "Redemption,"
which is appended here as a sobering reminder of
the real work done behind all the philosophizing,
argument, and investment calculations.
Bond's essay echoes William Jennings Bryan's
GATA distributes international press release on gold-rigging report from Dubai
Submitted by cpowell on Thu, 2005-03-03 03:00 Section: Daily Dispatches12:35a ET Thursday, March 3, 2005
Dear Friend of GATA and Gold:
A study published by a research foundation in Dubai
has endorsed the Gold Anti-Trust Action Committee's
findings that Western central and commercial banks
have rigged the gold market but have much less gold
than they claim to have and so are vulnerable to
rising demand for gold. The study recommends that the
oil-producing countries of the Middle East diversify
Harris Capital Management: The real currency is crude oil
Submitted by cpowell on Thu, 2005-03-03 03:00 Section: Daily Dispatches1:24p ET Thursday, March 3, 2005
Dear Friend of GATA and Gold:
Below is the press release GATA has just
distributed internationally by the
Business Wire service to publicize the
report of the Gulf Research Center in
Dubai endorsing our findings about the
rigging of the gold market. GATA has paid
$2,000 to have the release translated into
Arabic and Hebrew and sent to all major
news organizations in the Middle East, so
David Bond: Redemption for the hard-rock miner
Submitted by cpowell on Wed, 2005-03-02 03:00 Section: Daily Dispatches8:32p ET Tuesday, March 1, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary for
March 1 at LeMetropoleCafe.com reports an explosive
development -- publication of an Arab world equivalent
of the Sprott report about manipulation of the gold
price. More about that shortly, but in the meantime
you can find the "Midas" commentary in the clear at
Ted Butler: Commitment of traders report update
Submitted by cpowell on Tue, 2005-03-01 03:00 Section: Daily DispatchesCitigroup Sees 1,400 Job Cuts
From Reuters
Monday, February 28, 2005
http://biz.yahoo.com/rb/050228/financial_citigroup_1.html
NEW YORK --- Citigroup Inc., the world's largest financial services
company, on Monday said it will cut about 1,400 jobs in its
corporate and investment bank in early 2005, and take a related $275
Murphy''s ''Midas'' commentary discloses the Arab world''s Sprott report
Submitted by cpowell on Tue, 2005-03-01 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, March 1, 2005
The most recent commitment of traders (COT) report reflected
continued deterioration, or a buildup in dealer net short positions
in silver and gold, as should be expected in strong price rallies.
While it is true that we are no longer at the recent low-risk entry
points in silver and gold, we are nowhere near the extreme high-risk
Bill Fleckenstein: Dress rehearsal for a dollar deluge
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily Dispatches5:36p ET Sunday, February 27, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk, founder of GoldMoney
and editor of the Freemarket Gold & Money Report,
has written in his newsletter an excellent review
of the British government's obsession with
putting the International Monetary Fund's gold
on the market. Turk's analysis is titled "The
Truth Behind the Proposal to Sell IMF Gold" and
Clive Roffey on the panic selling of Durban Deep shares
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesBy Bill Fleckenstein
MSN Money
Monday, February 28, 2005
http://moneycentral.msn.com/content/P108997.asp
This week I'd like to put into perspective a few recent developments:
Problems in the housing-ATM food chain, inflation concerns and news
that the South Korean central bank planned to diversify its dollar
reserves.
Prerequisite to current events: Bubble 101