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Daily Dispatches
Bundesbank president: I never wanted to sell gold -- honest!
Submitted by cpowell on Mon, 2004-12-20 03:00 Section: Daily DispatchesBundesbank to Limit Gold Sales
to 8 Tons in 1st Year of Agreement
By Laura Humble
Bloomberg News Service
Monday, December 20, 2004
http://www.bloomberg.com/news/markets/commodities.html
LONDON -- Germany's Bundesbank, the world's second-biggest
gold holder, will sell less than 7 percent of the amount allowed
under a European accord, resisting calls to use bullion to help
Bundesbank''s decision raises doubts that 2,500-ton gold quota will be sold
Submitted by cpowell on Mon, 2004-12-20 03:00 Section: Daily DispatchesBy Maria Sheahan
AFX News
Monday, December 20, 2004
http://www.iii.co.uk/news/?
type=afxnews&articleid=5150359&action=article
FRANKFURT -- Bundesbank president Axel Weber
dismissed reports he tried to push for the sale of
part of the central bank's gold reserves but was
rejected by six of the eight Bundesbank board members.
"It is wrong of the media to create the impression I
GATA distributes international press release about remonetizing silver in Mexico
Submitted by cpowell on Mon, 2004-12-20 03:00 Section: Daily DispatchesGold Rises as Bundesbank Says
It Won't Fulfill Gold Sales Quota
By Laura Humble
Bloomberg News Service
Monday, December 20, 2004
http://www.bloomberg.com/apps/news?
pid=10000082&sid=ayzkTUeJcnKc&refer=canada
LONDON -- Gold rose in London after the German
Bundesbank, the world's second-largest gold holder,
said it won't fulfill its option to sell 120 tons of
Ed Steer: At a Golden Cusp
Submitted by cpowell on Sun, 2004-12-19 03:00 Section: Daily Dispatches7:38p ET Saturday, December 18, 2004
Dear Friend of GATA and Gold:
If an Internet site's translation service can be
trusted, the Reuters story in German below
quotes the newspaper World on Sunday as
reporting, on the basis of confidential sources,
that six of the eight members of the executive
committee of the Bundesbank oppose a plan
to sell 120 tonnes of gold per year from the
bank's reserves.
Bundesbank''s board kills plan to sell Germany''s gold reserves, newspaper says
Submitted by cpowell on Sun, 2004-12-19 03:00 Section: Daily Dispatches1:03a ET Sunday, December 19, 2004
Dear Friend of GATA and Gold:
Ed Steer of Edmonton, a member of GATA's Board
of Directors, has done some wonderful technical
analysis of the gold price, the silver price, and
the mining shares, "At a Golden Cusp," and it has
been posted at Gold-Eagle here:
Is it time for another Plaza Agreement to balance international trade?
Submitted by cpowell on Sun, 2004-12-19 03:00 Section: Daily Dispatches12:03p ET Sunday, December 19, 2004
Dear Friend of GATA and Gold:
Here's an English translation of the Reuters
dispatch in German, sent to you last night, about
the opposition within the Bundesbank to sales of
gold reserves. Thanks so much to our friends who
did the translating for us, especially since the
story is much more favorable to gold than we were
able to convey to you last night.
How can you tell if your gold jewelry is real?
Submitted by cpowell on Sun, 2004-12-19 03:00 Section: Daily DispatchesWhoops! It's 1985 All Over Again
By Eduardo Porter
The New York Times
Sunday, December 19, 2004
http://www.nytimes.com/2004/12/19/business/yourmoney/19doll.html
The White and Gold Room at the Plaza Hotel in New York seems an
appropriate spot for big financial decisions. Chandeliers drip
crystal from high ceilings. White walls are bedecked in gold trim. It
Chinese diversification into gold implies numbers that are ''too staggering''
Submitted by cpowell on Sun, 2004-12-19 03:00 Section: Daily DispatchesBy Jim Avila
ABC News / "20/20"
December 17, 2004
http://abcnews.go.com/2020/story?id=336457&page=1
If you're shopping for gold jewelry -- or hoping to receive some --
this holiday season, you may end up paying for gold but getting
glorified tinsel. How can you be sure you're getting the real thing?
"20/20" went on a gold-buying spree -- with hidden cameras rolling --
Bundesbank''s executive committee is reported opposed to gold sales
Submitted by cpowell on Sat, 2004-12-18 03:00 Section: Daily Dispatches8:31p ET Friday, December 17, 2004
Dear Friend of GATA and Gold:
Mexico's potential remonetization of silver,
as described by Hugo Salinas Price in the
essay distributed to you earlier today,
could be the decisive blow against the
suppression of the price of both gold and
silver. It would not only show that, given
a choice, people will choose better money and
that Gresham's law might be reversed, but it
''Helicopter money'' theorist likely to be president''s top economic adviser
Submitted by cpowell on Fri, 2004-12-17 03:00 Section: Daily Dispatches10:29p ET Thursday, December 16, 2004
Dear Friend of GATA and Gold:
J. Kent Willis, president of AGAPI Financial and a longtime
metals trader, has posted at Gold-Eagle an entertaining
essay called "The Scary Part of the Gold Price Curve." It
may be most interesting for its echoing what another
longtime metals trader, Jim Sinclair, asserted the other
night at JSMineset.com: that the Comex market is becoming
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