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Daily Dispatches
The Northern Miner interviews Jim Sinclair
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily DispatchesFrom The Daily Reckoning
Friday, December 10, 2004
The price of gold got hit, as the technical analysts
thought it would. We thought it might too ... but
only because it had run quite a bit without taking
a breather.
Does it mean the bull market in gold is over? Is it
time to sell -- taking advantage of the 40 percent
gain since George W. Bush took over the White
GATA crashes gold market; bonds are next!
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches10p ET Wednesday, December 8, 2004
Dear Friend of GATA and Gold:
Because of its special importance, GATA Chairman
Bill Murphy's "Midas" commentary tonight at
LeMetropoleCafe.com has been posted in the clear
at GoldSeek.com here:
http://news.goldseek.com/LemetropoleCafe/1102610013.php
CHRIS POWELL, Secretary/Treasurer
Bullion Desk and 321Gold refuse to post reply to ''open letter''
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches10:42p ET Wednesday, December 8, 2004
Dear Friend of GATA and Gold:
TheBullionDesk.com today more or less accused
GATA of causing today's smashing of the gold
price. The accusation came in a brief market
note by the site's proprietor, Ross Norman,
suggesting that the World Gold Council's new
exchange-traded bullion fund had been forced
on Tuesday to sell 15 percent of its gold
holdings on account of "a foul attempt by a
Bullion Desk buries GATA reply under the press releases
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches10:21a ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
My reply to David Walker's "open letter"
to me at TheBullionDesk.com and
321Gold.com was sent to both Internet
sites last night with my request that
it be posted.
The Bullion Desk responded this morning
with a fatuous editorial declaring that
it is "time to move on," while 321Gold's
proprietor responded with a malicious,
Richard Appel: We''ve been here before but what short memories we have
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches2:07p ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
TheBullionDesk.com has posted my reply
to David Walker's open letter of
yesterday, but while Walker's open
letter was posted at the top of the
Internet site's home page with a big
headline all day, the reply has been
buried among the press releases that
quickly roll off the bottom of the
page and into the archive.
You can find my reply here:
AngloGoldAshanti''s Williams suggests that central banks regulate the gold price
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily DispatchesBy Dr. Richard S. Appel
www.financialinsights.org
Thursday, December 9, 2004
Most of the below commentary was written prior
to Wednesday's $15 gold price collapse. However,
it still remains applicable and further strengthens
my belief that important buying points are
approaching for both gold and the gold equities.
The current disconnect between the price action
of gold and the major and junior gold stocks has
Argentina opens a Museum of Foreign Debt; can one in Washington be far behind?
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches8:38p ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
David McKay of MiningMX.com today posts an
important interview with AngloGoldAshanti's
marketing director, Kelvin Williams, who all
but declares that central banks are trying
to regulate the gold price.
From the interview:
"Williams also said central bank attitudes toward
gold had changed because its profile as a store
Sweet dreams, courtesy of Rick Ackerman and John Mackenzie
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily DispatchesArgentina's Debt Museum Is Set
To Tackle Woeful Financial Past
By Suzelle Tempero
of Dow Jones Newswires
The Wall Street Journal
Wednesday, December 8, 2004
BUENOS AIRES -- When tourists in Buenos Aires tire
of the usual museum fare of tango, Evita, and Argentine
art, they can delve into a more academic topic: the
country's staggering external debt.
Set to open in March at the University of Buenos Aires,
Tim W. Wood: Dump gold because it badly lags the CRB Index this time
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches9:27p ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
Stick your head up long enough to read Rick
Ackerman's commentary tonight, which quotes
John Mackenzie unrepentantly repeating his
prediction of an imminent reverse in the gold
price that will take it up to $556. You can
find it at GoldSeek here:
Reg Howe: Central banks at the abyss
Submitted by cpowell on Wed, 2004-12-08 03:00 Section: Daily Dispatches10:42p ET Tuesday, December 7, 2004
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood examines the questions
about the security of the gold in the World Gold
Council's exchange-traded bullion fund and finds
that James Turk and GATA have landed an unlikely
ally in the financial establishment: Mitsui's Andy
Smith, never considered much of a friend of gold as
an investment.
Smith calls the bullion fund "a paper claim based on
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