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Daily Dispatches
GATA press release questions World Gold Council''s bullion fund
Submitted by cpowell on Mon, 2004-12-06 03:00 Section: Daily DispatchesBy Richard W. Stevenson
The New York Times
Monday, December 6, 2004
http://www.nytimes.com/2004/12/06/politics/06cabinet.html
WASHINGTON -- President Bush has decided to
replace John W. Snow as treasury secretary and
has been looking closely at a number of possible
replacements, including the White House chief of
staff, Andrew H. Card Jr., Republicans with ties
European finance ministers turn up the rhetoric to halt euro''s rise
Submitted by cpowell on Mon, 2004-12-06 03:00 Section: Daily DispatchesWorld Gold Council's Bullion Fund
Double-Counts Gold Bars, GATA Says
GATA Press Release via Business Wire
December 6, 2004
More than 2 percent of the gold reported as the property
of the World Gold Council's new exchange-traded bullion
fund on the New York Stock Exchange (GLD) appears to
have been double-counted on account of duplicate serial
numbers on the fund's gold bars, the Gold Anti-Trust
Rick Ackerman and John Mackenzie have visions of sugarplums for gold investors
Submitted by cpowell on Mon, 2004-12-06 03:00 Section: Daily DispatchesTrichet, EU Finance Chiefs
Urge U.S. to Fight Dollar's Decline
By James G. Neuger
Bloomberg News Service
Tuesday, December 7, 2004
http://www.bloomberg.com/apps/news?
pid=10000085&sid=aem1Iq3tEZpo&refer=europe
European Central Bank President Jean-Claude
Trichet joined European finance ministers in
urging the U.S. to halt the decline of the dollar,
We urgently need your help
Submitted by cpowell on Mon, 2004-12-06 03:00 Section: Daily Dispatches9:55p ET Monday, December 6, 2004
Dear Friend of GATA and Gold:
GATA is not in the investment advice business
but we ARE in the business of keeping up the
morale of our side against the dirty blows of
the market riggers, and this IS the holiday
season, so feel free to treat yourself to Rick
Ackerman's commentary tonight, which quotes
at length his friend, analyst John Mackenzie,
about an imminent, "astonishing," and
Higher gold prices spur ''panic buying'' in India
Submitted by cpowell on Sun, 2004-12-05 03:00 Section: Daily DispatchesBy George Hsu
Bloomberg News Service
Sunday, December 5, 2004
http://www.bloomberg.com/apps/news?
pid=10000080&sid=apRMGkwuTgW8&refer=asia
TAIPEI, Taiwan -- Taiwan, which has the world's
third-largest foreign-exchange reserves, denied a
report that the island plans to reduce
dollar-denominated holdings because of the record
decline in the U.S. currency.
James Turk: Fear Index reconfirms gold''s bullish trend
Submitted by cpowell on Sun, 2004-12-05 03:00 Section: Daily DispatchesGold Prices Soaring But Indians Continue Buying
The Hindu, Madras
Sunday, December 5, 2004
http://www.hinduonnet.com/thehindu/holnus/006200412051101.htm
By Press Trust of India
NEW DELHI -- Gold prices are soaring but this has
failed to affect the buying spree in the Indian
wedding season. In fact, people are buying more,
Amazing! Wall Street Journal interviews two guys who actually know about gold
Submitted by cpowell on Sun, 2004-12-05 03:00 Section: Daily Dispatches12:04p ET Sunday, December 5, 2004
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the
Freemarket Gold & Money Report and
consultant to GATA, has recalculated his
"Fear Index" and finds that it gives an
important reconfirmation of gold's bullish
trend.
You can find Turk's report in the "Founder's
Commentary" box on the top left corner of
World Gold Council''s bullion fund doesn''t have the gold it claims to have
Submitted by cpowell on Sun, 2004-12-05 03:00 Section: Daily DispatchesWhat's Buffing Up Gold?
Is $1,000 a Real Target?
Analyst, Fund Manager
Give the Goods on Gold
By Worth Civils
The Wall Street Journal Online
Thursday, December 2, 2004
Gold prices have surged 50 percent since early 2002
to more than $450 an ounce, and some market
watchers are brazenly slapping a $1,000 price target
on the metal for the near future.
That crystal-ball forecast seems heady. But John
Bill Fleckenstein: Prevailing opinion expects dollar to rise and gold to fall
Submitted by cpowell on Sun, 2004-12-05 03:00 Section: Daily Dispatches4:13p ET Sunday, December 5, 2004
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the
Freemarket Gold & Money Report and founder
of GoldMoney, discloses in today's edition
of FGMR that, as many have suspected, the
World Gold Council's new exchange-traded
bullion fund does not have the gold it
claims to have.
More than 2 percent of the fund's gold,
Turk reveals, consists of gold bars with
Japan threatens huge dollar selloff
Submitted by cpowell on Sun, 2004-12-05 03:00 Section: Daily Dispatches5:15p ET Sunday, December 5, 2004
Dear Friend of GATA and Gold:
Bill Fleckenstein's latest commentary, appended here,
may be most interesting for observing that the
prevailing opinion now expects the dollar to rise and
gold to fall.
Fleckenstein says:
"Curiously, it seems to me that the No. 1 battle cry is
not 'I'm bearish on the dollar' (though lots of people
are bearish) but 'There are too many dollar bears,
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