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Daily Dispatches
''Midas'' commentary for June 29 posted in the clear at GoldSeek.com
Submitted by cpowell on Tue, 2004-06-29 03:00 Section: Daily Dispatches8:54p ET Tuesday, June 29, 2004
Dear Friend of GATA and Gold:
Jim Sinclair's commentary tonight calls for gold adherents
to buy real metal to break the forces suppressing the gold
price, and he echoes Ted Butler's call for mining companies
to withhold some production whenever the bad guys pound
gold down, as they did today. A slightly edited version of
Sinclair's commentary is appended.
Reg Howe: The gold and silver price suppression schemes are the same
Submitted by cpowell on Mon, 2004-06-28 03:00 Section: Daily Dispatches12:25p ET Saturday, June 26, 2004
Dear Friend of GATA and Gold:
Bill Buckler, editor of The Privateer newsletter, always
provides an insightful read, even if he never has been
able to bring himself to mention GATA's pioneering
work in exposing the suppression of the price of gold.
Buckler's commentary for last week, dated June 18,
is now posted in the clear on the Internet and remarks
in part:
Durban takes loan to close last hedge, may issue shares to close loan
Submitted by cpowell on Mon, 2004-06-28 03:00 Section: Daily Dispatches8:25a ET Monday, June 28, 2004
Dear Friend of GATA and Gold:
GATA consultant Reginald H. Howe, co-editor with
Robert K. Landis of GoldenSextant.com, has
studied the latest gold and silver derivatives
reports from the Bank for International
Settlements and has made some important findings:
1) There was a huge increase in bank and dealer
gold derivatives for the six months ended December
Waiting for acknowledgement of the obvious about gold
Submitted by cpowell on Sat, 2004-06-26 03:00 Section: Daily DispatchesEx-Bundesbank President Pays EU25,000 to End Probe
By Corinna Budras
Bloomberg News Service
Thursday, June 24, 2004
http://quote.bloomberg.com/apps/news?
pid=10000100&sid=ad.OPMf_dys8&refer=germany
FRANKFURT -- Ernst Welteke, who resigned as president
of Germany's Bundesbank after he accepted hospitality
from a bank he supervised, agreed to pay 25,000 euros
World Gold Council considers scrapping bullion fund before it starts
Submitted by cpowell on Fri, 2004-06-25 03:00 Section: Daily Dispatches8:55a ET Thursday, June 24, 2004
Dear Friend of GATA and Gold:
Richard Russell, editor of Dow Theory Letters, had
this advice yesterday:
"So what's a poor investor to do? You want my honest
opinion? Cool it -- just sit tight. I've been saying
this for a while and I'll say it again -- sit in cash
with the insurance protection of gold and gold shares.
Markets are all overpriced, stocks yield nothing,
Bundesbank''s former president buys his way out of prosecution
Submitted by cpowell on Fri, 2004-06-25 03:00 Section: Daily Dispatches11p ET Friday, June 25, 2004
Dear Friend of GATA and Gold:
MineWeb's Tim Wood reports tonight that the World Gold
Council is considering getting out of the bullion fund
business even before it really got into it. MineWeb says
that the indefinite delay in getting the WGC bullion
fund started in the United States, caused by the
Securities and Exchange Commission, is to blame for
shutting the WGC up just when gold needs an advocate as
New chief of Bundesbank casts doubt over German gold sales
Submitted by cpowell on Thu, 2004-06-24 03:00 Section: Daily DispatchesBy Ted Butler
Tuesday, June 22, 2004
The market structure in the COMEX metals (gold,
copper. and silver) remains intact and exceedingly
bullish. The latest Commitments of Traders Report
(COT) confirms the commercial dealers have fled
the short side in all three in unusual amounts. The
big concentrated commercial traders have their
smallest net short positions in recent times. While
no one can predict the exact day of liftoff to the
Richard Russell: Sit tight in cash, gold, and gold shares
Submitted by cpowell on Thu, 2004-06-24 03:00 Section: Daily DispatchesBy Laura Humble
Bloomberg News Service
Thursday, June 24, 2004
http://quote.bloomberg.com/apps/news?
pid=10000086&sid=aJ3k1VbA1_Mk&refer=latin_america
LONDON -- Gold gained in London as the dollar weakened
against the euro and yen, making the dollar-denominated
metal more attractive as an alternative investment.
The dollar fell after reports of attacks in Iraq before the
James Turk: The Fed is trying to talk inflation away
Submitted by cpowell on Tue, 2004-06-22 03:00 Section: Daily Dispatches10:50p ET Sunday, June 20, 2004
Dear Friend of GATA and Gold:
Encouraging commentaries by Clive Maund and Richard
Russell have been posted at 321Gold.
Maund's is here:
http://www.321gold.com/editorials/maund/maund062104.html
Russell's is here:
http://www.321gold.com/editorials/russell/russell062104.html
Chinese bank begins physical gold trade in Beijing and plans expansion
Submitted by cpowell on Tue, 2004-06-22 03:00 Section: Daily Dispatches8:19a ET Tuesday, June 22, 2004
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold & Money
Report, proprietor of GoldMoney.com, and consultant
to GATA, writes that the Federal Reserve's
propaganda about inflation -- it's not a problem --
doesn't match the data. You can find Turk's
analysis in the "Founder's Commentary" box at the
top left of the GoldMoney home page here:
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