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Daily Dispatches
China sees gold-buying surge to hedge against declining dollar
Submitted by cpowell on Tue, 2004-12-14 03:00 Section: Daily DispatchesBy Ted Butler
December 14, 2004
I'm keeping this week's comments brief. In last week's
article, even though I wrote that I had the feeling that
we could have a real "thumper" to the downside,
actually seeing it immediately occur was somewhat
unnerving. That said, while timing is akin to luck, I hope
readers understand that the reason for the dramatic
James Turk: An Open Letter to the Bullion Desk
Submitted by cpowell on Sun, 2004-12-12 03:00 Section: Daily Dispatches5:30p ET Saturday, December 11, 2004
Dear Friend of GATA and Gold:
Here's a report from the heart of the developing
world -- Nigeria -- that is encouraging and
touching. Encouraging, because it shows that
the government is just beginning to sense how
the country is being ripped off by the imperial
currency, the dollar; touching, because it shows
the struggle of people who are trying to make
James Turk: Dollar ends ''waterfall'' decline but gold rises in other currencies
Submitted by cpowell on Sun, 2004-12-12 03:00 Section: Daily Dispatches4:06p ET Sunday, December 12, 2004
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the
Freemarket Gold & Money Report and founder
of GoldMoney, has written "An Open Letter to
the Bullion Desk," correcting the misinformation
the Bullion Desk posted last week about the
World Gold Council's new exchange-traded
bullion fund, misinformation from which the
Bullion Desk ran away after it was challenged.
How the gold ETF might be used to smash gold and the mining shares
Submitted by cpowell on Sat, 2004-12-11 03:00 Section: Daily Dispatches11:34p ET Friday, December 10, 2004
Dear Friend of GATA and Gold:
The Northern Miner's December 10-16 issue
has a meaty interview with veteran gold
investor and mining company executive Jim
Sinclair, proprietor of www.JSMineset.com,
who comments on the relationship between
gold and the dollar, their futures, the
manipulation of the gold price, and
international affairs. You can find it in
Nigeria contemplates doing business in currencies other than the dollar
Submitted by cpowell on Sat, 2004-12-11 03:00 Section: Daily Dispatches12:42p ET Saturday, December 11, 2004
Dear Friend of GATA and Gold:
In an essay that could use a little more copyediting
at 321Gold, Julian D.W. Phillips of Gold-Authentic
Money waxes rhapsodic about the World Gold Council's
new exchange-traded bullion fund. The essay is titled
"The streetTRACKS Gold Trust" and you can find it
here:
http://www.321gold.com/editorials/phillips/phillips121304.html
Refiner says duplicate numbers on its gold bars are normal
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily Dispatches10:43p ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
Tim W. Wood of the Cycles News & Views
newsletter writes at CBSMarketWatch that
gold has topped and should be sold on
account of its awful failure to keep pace
with the CRB Index of commodity prices as
gold did 25 years ago. Too bad that Wood
doesn't delve a bit into that anomaly and
consider whether the difference between
CFTC economist tells mining group that silver market is not manipulated
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily DispatchesBy David Elliott
Dow Jones Newswires
Friday, December 10, 2004
http://money.iwon.com/jsp/nw/nwdt_rt.jsp?section=news&news_id=dji-
00058920041210&feed=dji&date=20041210&cat=INDUSTRY
LONDON -- Gold bars held by the StreetTRACKS
gold-backed exchange- traded fund may be
stamped with the same number but such a move
China denies reducing U.S. dollar reserves
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily Dispatches12:32p ET Friday, December 10, 2004
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich reports today on yesterday's
remarks to the Northwest Mining Association in Seattle
by an economist for the U.S. Commodity Futures
Trading Commission, who insisted that the silver market
is not manipulated. If only the meeting had included a
panel discussion with silver market analyst Ted Butler
or ANYONE capable of asking a pointed question or
Bill Bonner: A goldbug''s life is always to deny that there''s a free lunch
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily DispatchesBy The Associated Press
Friday, December 10. 2004
http://www.forbes.com/business/businesstech/feeds/ap/2004/12/10/ap1703
982.html
The agency that maintains China's US$540 billion
in foreign reserves denied Friday that it has
reduced its holdings of U.S. dollar-denominated
assets, rejecting what it said were unfounded
In the furnace of Hell, you''ll do better with metal than with paper
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily DispatchesBy Bill Bonner
Friday, December 10, 2004
Mr. James Surowiecki wrote a wise and moronic piece
on gold in The New Yorker. His wisdom is centered on
the insight that neither gold nor paper money are true
wealth but only relative measures, subject to adjustment.
"Gold or not, we're always just running on air," he wrote.
"You can't be rich unless everyone agrees you're rich."
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