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French finance minister proposes gold sales by Bank of France
Submitted by cpowell on Tue, 2004-05-04 03:00 Section: Daily DispatchesAN OPEN LETTER TO JESSICA CROSS,
MANAGING DIRECTOR OF VIRTUAL METALS,
FROM GATA CHAIRMAN BILL MURPHY
Monday, May 3, 2004
Dear Ms. Cross:
Since it advocates a free market in gold, the
organization I chair, the Gold Anti-Trust Action
Committee Inc., is often distressed by your
commentary about the gold market, which seldom
fails to disparage investment interest in gold.
Your new remark about gold demand in India -- that
Mitsui''s Smith notes that gold lags commodities but is most uncurious about it
Submitted by cpowell on Tue, 2004-05-04 03:00 Section: Daily DispatchesFrom Business Report, South Africa
http://www.businessreport.co.za/index.php?
fSectionId=565&fArticleId=425463
By Agence France-Presse
Tuesday, May 4, 2004
PARIS -- France's finance minister Nicolas Sarkozy
proposed Tuesday that 500 to 600 tonnes of gold held
by the Bank of France be sold in the coming five years
after an agreement with the central bank.
China''s demand for raw materials won''t falter, mining specialists say
Submitted by cpowell on Tue, 2004-05-04 03:00 Section: Daily Dispatches6:23p ET Tuesday, May 4, 2004
Dear Friend of GATA and Gold:
Mitsui's precious metals expert, Andy Smith, has made
a presentation in London noting that the gold price has
not kept up with the price of commodities. Unfortunately
for those who seek understanding of the gold market,
this observation was for Smith simply an opportunity to
swagger in triumph rather than cause for serious
inquiry about what even he implicitly acknowledges as
Jim Sinclair: Gold share bottom is in and gold will reach $480 in 103 days
Submitted by cpowell on Tue, 2004-05-04 03:00 Section: Daily DispatchesBy Veronica Brown
Reuters
May 4, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5037044
LONDON -- China's hunger for raw materials will drive
further demand for commodities such as metals despite
worries that the country's economy might overheat, a
panel of mining specialists said on Tuesday.
The suzerain of the largest exchange-rate manipulation in history
Submitted by cpowell on Tue, 2004-05-04 03:00 Section: Daily DispatchesThe Gold Creed
By Jim Sinclair
Tuesday, May 4, 2004
http://www.jsmineset.com
Please repeat after me: "In 103 days or less gold will
trade at $480."
I know this because:
* China is doing the right thing by increasing interest rates
to decelerate growth to a comfortable 4 percent per year.
* Increased interest rates are part and parcel of a major bull
A gold-based financial system is more practical than ever, just impolitic
Submitted by cpowell on Mon, 2004-05-03 03:00 Section: Daily DispatchesGold May Rise as Fed Likely to Leave Benchmark Rate Unchanged May 3
By Claudia Carpenter
Bloomberg News Service
Sunday, May 2, 2004
http://quote.bloomberg.com/apps/news?pid=10000080&sid=adFYmvdcLnTE
NEW YORK -- Gold may rise this week, ending a five-week
slide, amid speculation the Federal Reserve on Tuesday will
An open letter to Jessica Cross, managing director of Virtual Metals
Submitted by cpowell on Mon, 2004-05-03 03:00 Section: Daily DispatchesBy Mark S. Wallace
Monday, May 3, 2004
Unfortunately I cannot attend the May 13-14 conference of
the American Institute for Economic Research in Great
Barrington, Mass., about resuming a gold standard, as
reported in GATA dispatch 2122:
http://groups.yahoo.com/group/gata/message/2122
But there are many more reasons now than there were
Sunday commentaries by Jim Sinclair
Submitted by cpowell on Sun, 2004-05-02 03:00 Section: Daily DispatchesGold's monthly loss tops $40;
is this a buying opportunity?
By Myra P. Saefong
CBS.MarketWatch.com
Friday, April 30, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7B6E489D59%2D130B%
2D467B%2D86D9%2D6B039BAD3AEB%7D&siteid=mktw
Gold futures closed out April with a cumulative monthly loss
of more than $40 an ounce Friday, as growing expectations
Doubts that Fed will raise interest rates prompt buy recommendations for gold
Submitted by cpowell on Sun, 2004-05-02 03:00 Section: Daily Dispatches4:07p ET Sunday, May 2, 2004
Dear Friend of GATA and Gold:
Jim Sinclair's two Sunday commentaries, "Jim's Mailbox"
and "A Technical Look at Gold and Its Market
Constitutents," are urgent and encouraging reading:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
Gold''s monthly loss tops $40; is this a buying opportunity?
Submitted by cpowell on Sat, 2004-05-01 03:00 Section: Daily Dispatches9:24p ET Friday, April 30, 2004
Dear Friend of GATA and Gold:
Jason Hommel's latest "Silver Stocks -- Comparative
Valuations" report has been posted at his Internet
site along with some interesting commentary:
http://www.goldismoney.com/ssr/SS32.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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