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Daily Dispatches
Encouraging commentaries by Clive Maund and Richard Russell
Submitted by cpowell on Sun, 2004-06-20 03:00 Section: Daily Dispatches9:15p ET Sunday, June 20, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary for
Friday at LeMetropoleCafe.com has been posted in the
clear at GoldSeek here:
http://news.goldseek.com/LemetropoleCafe/1087791851.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
James Turk: Gold is building a base for a run beyond $400
Submitted by cpowell on Sat, 2004-06-19 03:00 Section: Daily Dispatches8:30a ET Wednesday, June 16, 2004
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler's new commentary
observes that nothing bad like international
financial collapse has to happen for the price of
silver to soar. You can find it at the Investment
Rarities site here:
Ted Butler: Nothing bad has to happen for silver to soar
Submitted by cpowell on Wed, 2004-06-16 03:00 Section: Daily Dispatches8:18a PT Sunday, June 13, 2004
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the Freemarket
Gold & Money Report and proprietor of GoldMoney,
predicts that China soon will let its highly managed
currency, the yuan, rise in value against the dollar,
very possibly in October, and that this will make gold
look like an awfully good buy in China. You can find
Turk's analysis in the "Founder's Commentary" box
James Turk: China likely to let yuan rise soon, making gold cheaper there
Submitted by cpowell on Sun, 2004-06-13 03:00 Section: Daily Dispatches3:53p PT Saturday, June 12, 2004
Dear Friend of GATA and Gold:
Thanks to our friend Sean Corrigan of Sage Capital in
Zurich for discovering a most remarkable document
from 1930 -- a McGill University economics professor's
speech to the Empire Club of Toronto (which is still
going strong) about the plan then pending for the Bank
for International Settlements.
The professor, John Percival Day, remarks that the
Echoes from 1930: Central banking''s main purpose is to control the gold price
Submitted by cpowell on Sat, 2004-06-12 03:00 Section: Daily DispatchesBank of England Raises Interest Rate by Quarter Point
By Sam Fleming
Bloomberg News Service
Thursday, June 10, 2004
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aPU.2mRKT0xo&refer=home
LONDON -- The Bank of England raised its benchmark
interest rate for a second consecutive month, by a
quarter point to 4.5 percent, to prevent record
Bank of France says it may sell 600 tonnes ... someday, if price is right
Submitted by cpowell on Thu, 2004-06-10 03:00 Section: Daily Dispatches9:55p ET Wednesday, June 9, 2004
Dear Friend of GATA and Gold:
The May 7 decision of U.S. Magistrate Judge Daniel
E. Knowles III to deny the motion of Barrick Gold
to add a lot of other mining companies and
bullion banks as defendants in Blanchard & Co.'s
lawsuit against Barrick and its bullion bank,
J.P. Morgan Chase & Co., reported to you by
GATA on May 13, has been posted in full at
Bank of England way ahead of Fed and ECB in raising interest rates
Submitted by cpowell on Thu, 2004-06-10 03:00 Section: Daily Dispatcheshttp://www.fxstreet.com/nou/noticies/afx/noticia.asp?
pv_noticia=1086859235-9e32d306-16206
PARIS (AFX) -- Bank of France governor Christian Noyer
said the central bank plans to sell part of its gold
reserves to the market, possibly up to 500-600 tonnes.
The Bank of France holds about 3,000 tonnes of gold
reserves, valued at around 30 billion euros. The French
Greenspan talks inflation up after other Fed officials talk it down
Submitted by cpowell on Wed, 2004-06-09 03:00 Section: Daily Dispatches11:35p ET Tuesday, June 8, 2004
Dear Friend of GATA and Gold:
CFTC official Michael Gorham is resigning soon after
telling silver bugs that he can't imagine why anyone
would want to suppress the price of silver. Charles
Savoie has a detailed explanation for him at Dave
Morgan's Silver-Investor.com. It's titled "Michael
Gorham's Paper Money Job" and you can find it
here:
John Hathaway: Smooth sailing ahead for gold
Submitted by cpowell on Wed, 2004-06-09 03:00 Section: Daily DispatchesFrom The King Report
By Bill King
M. Ramsey King Securities Inc.
http://www.thekingreport.com/wst_page2.html
Wednesday, June 9, 2004
Yesterday stocks and bonds sank early on Easy Al's
most recent "double secret probation" innocuous
warning to the markets that he will raise rates if
inflation appears.Of course Al's talking apples and
Richard Russell: Deflation is the threat, and Fed isn''t inflating fast enough
Submitted by cpowell on Wed, 2004-06-09 03:00 Section: Daily Dispatches7:52a ET Wednesday, June 9, 2004
Dear Friend of GATA and Gold:
The Tocqueville Gold Fund's John Hathaway has told the
San Francisco gold conference that it's smooth sailing
ahead for gold. You can read about it at MineWeb here:
http://www.mineweb.net/sections/gold_silver/327986.htm
CHRIS POWELL, Secretary/Treasurer