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Daily Dispatches
Henry Fellerman: An open letter (and a warning) to Newmont Mining
Submitted by cpowell on Thu, 2006-04-06 03:00 Section: Daily Dispatches10:46p ET Wednesday, April 5, 2006
Dear Friend of GATA and Gold:
Our hero John Embry, chief investment strategist for
Sprott Asset Management in Toronto, says silver's
prospects may be even better than gold's. He also
remarks on the continuing but doomed efforts of the
central banks to suppress the prices of the precious
metals. Embry's observations come in a new essay
written for Investor's Digest, which has been posted
Jay Taylor tells ROB-TV about the short position in gold
Submitted by cpowell on Thu, 2006-04-06 03:00 Section: Daily DispatchesMarch 31, 2006
Wayne Murdy, Chief Executive Officer
Newmont Mining Corp.
1700 Lincoln St.
Denver, Colorado 80203
Dear Wayne:
I've written Newmont CEOs over the last five years about my
concerns that the gold market is rigged by the U.S. and other
governments working through the big Wall Street bullion banks
(Goldman Sachs and JP Morgan). Most of us shareholders hold Newmont
in hopes of making money from an increase in the share price.
Ted Butler: The learning curve
Submitted by cpowell on Wed, 2006-04-05 03:00 Section: Daily DispatchesBy John Spence
CBSMarketWatch
Tuesday, April 4, 2006
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B93A43D8B%
2DC95D%2D46E3%2DB098%2D843BD6D55D61%7D&siteid=mkwt
BOSTON -- A highly anticipated exchange-traded fund tracking silver
prices may usher in a correction from multidecade commodity highs if
John Embry: Demand for silver will give you better bang for your buck
Submitted by cpowell on Wed, 2006-04-05 03:00 Section: Daily Dispatches10:35p ET Wednesday, April 5, 2006
Dear Friend of GATA and Gold:
In commentary posted today at SilverSeek, the
companion site to GoldSeek, silver market analyst
Ted Butler criticizes what is passing for expertise
in the market and analyzes the worsening hedge
books of Barrick Gold and Apex Silver. You can
find Butler's latest, "The Learning Curve," here:
Chinese legislative leader urges end to buying of U.S. bonds
Submitted by cpowell on Tue, 2006-04-04 03:00 Section: Daily Dispatches8p ET Monday, April 3, 2006
Dear Friend of GATA and Gold:
GATA consultant James Turk, founder of GoldMoney
and editor of the Freemarket Gold & Money report,
offers reflections on the end of M3 at Kitco here:
http://www.kitco.com/commentary/turk.htm
... and on the end of his "Fear Index," which was
based in part on M3. You can find the latter
Peter Brimelow: Painting a ''perfect picture'' for gold?
Submitted by cpowell on Tue, 2006-04-04 03:00 Section: Daily DispatchesDollar Falls on Chinese Diversification Fears
By Steve Johnson
Financial Times, London
Tuesday, April 4, 2006
http://news.ft.com/cms/s/0ca841d4-c3c7-11da-bc52-0000779e2340.html
The US dollar extended losses in European morning trade on Tuesday
amid a call from a Chinese politician for China to stop buying US
Silver ETF could trigger price correction, analysts say
Submitted by cpowell on Tue, 2006-04-04 03:00 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch
Tuesday, April 4, 2006
http://www.marketwatch.com/News/Story/Story.aspx?
column=Peter+Brimelow&siteid=mktw&dist=
NEW YORK -- These are great days for gold -- and the gold bugs
remain calmly confident.
One of the features of the gold rally that's been under way for most
of this millennium is that the investment letters most identified
Gold to become scarcer still, AngloGold Ashanti''s Godsell warns
Submitted by cpowell on Mon, 2006-04-03 03:00 Section: Daily Dispatches11:26a ET Sunday, April 2, 2006
Dear Friend of GATA and Gold:
James Turk, founder of GoldMoney, editor of the
Freemarket Gold & Money Report, and consultant
to GATA, reports more bull-market confirmations
for gold and silver. You can read his analysis
in the "Founder's Commentary" box at the top
left of the GoldMoney home page here:
James Turk bids goodbye to M3 and the Fear Index
Submitted by cpowell on Mon, 2006-04-03 03:00 Section: Daily DispatchesBy Rebecca Bream
Financial Times, London
Sunday, April 2, 2006
Bobby Godsell, chief executive of AngloGold Ashanti, predicted that
worldwide gold production would stagnate, then fall in the coming
years as large deposits of the precious metal become scarce.
He said this would support the rally in the gold price, which last
week hit a 25-year high of $588 per ounce.
The South African company, the world's third biggest gold producer,
James Turk: More bull-market confirmations for gold and silver
Submitted by cpowell on Sun, 2006-04-02 04:00 Section: Daily DispatchesFrom Islamic Republic News Agency
Friday, March 31, 2006
http://www.irna.ir/en/news/view/menu-237/0604017358084243.htm
TEHRAN -- An informed source in Central Bank of Iran on Friday
denied the news published in a Swiss daily on withdrawal of 250 tons
of Iran's gold reserves from that country's Credit Bank.
The Central Bank official, who spoke on condition of anonymity, told