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Daily Dispatches
Gold traders are in for a bumpy ride
Submitted by cpowell on Tue, 2004-11-09 03:00 Section: Daily DispatchesBy Myra P. Saefong
CBS.MarketWatch.com
Tuesday, November 9, 2004
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SAN FRANCISCO -- Gold futures have climbed to their
highest levels in 16 years and are unlikely to stop there.
But traders face a very bumpy ride ahead.
Peter Brimelow: Gold quietly reaches critical level
Submitted by cpowell on Mon, 2004-11-08 03:00 Section: Daily DispatchesBy Peter Brimelow
CBS.MarketWatch.com
Monday, November 8, 2004
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NEW YORK -- Gold's spot price closed at $434.30 on
Friday -- its highest level since December 1988. It's
been trending relentlessly upward since May.
Thayer Watkins: ''Episodes of Hyperinflation''
Submitted by cpowell on Mon, 2004-11-08 03:00 Section: Daily Dispatches7:08p ET Monday, November 8, 2004
Dear Friend of GATA and Gold:
Thanks to GATA supporter Mark Lundeen for calling
attention to quot;Episodes of Hyperinflationquot; by San
Jose State University economics professor Thayer
Watkins. Its accounts are fascinating, pathetic,
and tragic. But before anyone starts feeling
superior to the people whose lives were devastated
by government's mismanagement of monetary systems
Financial Times discovers that gold isn''t quite so dead after all
Submitted by cpowell on Mon, 2004-11-08 03:00 Section: Daily Dispatches9p ET Monday, November 8, 2004
Dear Friend of GATA and Gold:
Seven months ago the Financial Times bade gold
good riddance, so how, Resource Investor's Tim
Wood asks, can the paper miss the irony of its
acknowledging gold's seeming comeback the
other day? You can find Wood's commentary
here:
a href=http://www.resourceinvestor.com/pebble.asp?relid=6987http://www.resource...
Marshall Loeb: Double deficits and the faith-based dollar
Submitted by cpowell on Sun, 2004-11-07 03:00 Section: Daily DispatchesBy Marshall Loeb
CBS.MarketWatch.com
Friday, November 5, 2004
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NEW YORK -- As if President Bush doesn't have enough
economic and investment problems to worry about in his
Bloomberg''s weekly gold price forecast survey gets it right half the time
Submitted by cpowell on Sun, 2004-11-07 03:00 Section: Daily DispatchesBy Choy Leng Yeong
Bloomberg News
Monday, November 8, 2004
a href=http://quote.bloomberg.com/apps/news?pid=nifeaamp;amp;sid=aOSOl0uxw0RQht...
Gold may top a 15-year high of $435 an ounce on
speculation the re-election of U.S. President George
W. Bush will erode the dollar's value and make
precious metals more appealing than U.S. stocks
John Hathaway: Beardsley Ruml''s Road to Ruin, Part 1
Submitted by cpowell on Sun, 2004-11-07 03:00 Section: Daily Dispatches11:19p ET Sunday, November 7, 2004
Dear Friend of GATA and Gold:
John Hathaway, manager of the Tocqueville Gold Fund,
has just written a long analysis of the prospects for
gold and the world financial system, quot;Beardsley Ruml's
Road to Ruin.quot; Hathaway's work may be especially
satisfying to GATA supporters for quoting from the
speech given to the June meeting of the London
Bullion Market Association in Moscow by Oleg V.
Part 2: John Hathaway, ''Beardsley Ruml''s Road to Ruin''
Submitted by cpowell on Sun, 2004-11-07 03:00 Section: Daily DispatchesImbalances must proliferate on artificial suppositions.
Asset values are marked to market in the absence of
an objective standard of value. Credit is extended on
the same false pretenses.Returns are illusory; the
security of credits a fiction. It is the sort of thing that
can happen, unchecked, only in a regime of central
planning.
The misdirection of capital flows in the current global
economy is illustrated by the U.S. trade deficit, the
Hathaway''s analysis is also posted at GoldSeek.com
Submitted by cpowell on Sun, 2004-11-07 03:00 Section: Daily Dispatches11:44p ET Sunday, November 7, 2004
Dear Friend of GATA and Gold:
You can also find John Hathaway's essay,
quot;Beardsley Ruml's Road to Ruin,quot; and its
chart work at GoldSeek.com here:
a href=http://news.goldseek.com/Tocqueville/1099928662.phphttp://news.goldseek....
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Financial Times: Stars aligned for gold; bullion fund may get SEC OK next week
Submitted by cpowell on Sat, 2004-11-06 03:00 Section: Daily DispatchesGold market harking back to 1970s
By Kevin Morrison
Financial Times, London
Friday, November 5, 2004
a href=http://news.ft.com/cms/s/a7beab52-2f1e-11d9-984e-00000e2511c8.htmlhttp:/...
The gold market is starting to resemble its 1970s form
after the price of the precious metal hit a 16-year high
on Friday, making the current rally the second-longest
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