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Argument about Germany''s gold is said to have preceded Welteke''s leave
Submitted by cpowell on Sun, 2004-04-11 03:00 Section: Daily Dispatches12:34p ET Sunday, April 11, 2004
David Bond's latest Wallace Street Journal column is
an interview with Hecla CEO Phillips S. Baker, who
says, among other things, that Hecla has been assured
that it will recover the gold recently seized by the
Venezuelan government and that Hecla won't be hedging
its gold and silver production. You can find Bond's
interview at his Internet site here:
Turk responds to Veneroso''s warning about investing in commodities
Submitted by cpowell on Sat, 2004-04-10 03:00 Section: Daily Dispatches4:25p ET Friday, April 9, 2004
Dear Friend of GATA and Gold:
This story from the Gulf News reports that the United Arab
Emirates sold the last of its gold reserves last year as the
gold price was rising. This was almost certainly the writing
off as "sold" the gold that the UAE already had leased
through the Bank of England, and thus this should be
construed as immensely positive for the gold price.
Financial Post gets GATA-like comments from Maison Placements'' John Ing
Submitted by cpowell on Sat, 2004-04-10 03:00 Section: Daily Dispatches11a ET Saturday, April 10, 2004
Dear Friend of GATA and Gold:
James Turk, editor of The Freemarket Gold & Money
Report, proprietor of GoldMoney, and consultant to
GATA, has responded to Frank Veneroso's warning
about investing in commodities. Turk's conclusion:
"I expect that gold has many more years left in its
current bull market, regardless what happens to corn,
copper, soybeans, silver, and other commodities."
No more gold reserves for United Arab Emirates
Submitted by cpowell on Fri, 2004-04-09 03:00 Section: Daily DispatchesCompany Press Release
Johannesburg, South Africa, April 6 -- Durban Roodepoort Deep
Ltd. has increased its stake in leading Internet-based gold
marketing company GoldMoney.com to 14 percent with a further
investment of US$1.8 million.
GoldMoney has enjoyed record growth since DRD announced
its initial investment of US$200 000 (1.4 percent) in January
this year, said founder James Turk, the well-known and
Japan''s finance minister defends intervention, spurns increase in gold reserves
Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily Dispatches9:39p ET Wednesday, April 7, 2004
Dear Friend of GATA and Gold:
FallStreet.com has a wonderful analysis by Brady Willett,
"Silver A Sell, Unless the Jig Is Up." Drawing on Ted
Butler's research, Willett notes that, uniquely among
commodity markets, in silver the commercial interests are
always short.
Willett also argues the most markets, including the gold
market, are manipulated and that the manipulators usually
Veneroso warns against speculation in commodities
Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily DispatchesJapan finance chief defends intervention,
declines to increase gold reserves
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4781501
TOKYO, April 8 (Reuters) -- Japanese Finance Minister
Sadakazu Tanigaki said on Thursday that Japan's efforts
to hold the yen down had been useful in its fight against
Japan defends currency intervention, spurns gold; Iraq violence pressures dollar
Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily Dispatches9:14a Thursday, April 8, 2004
Dear Friend of GATA and Gold:
Writing at GoldMoney.com, GATA consultant Frank
Veneroso warns against speculation in commodities.
His essay, "Commodity Investments Are Dangerous,"
can be found in the Founder's Commentary box at
the top left of the GoldMoney home page here:
CHRIS POWELL, Secretary/Treasurer
Commentary by Appel and Sinclair; MineWeb reports firings at World Gold Council
Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily DispatchesJapan finance chief defends intervention,
declines to increase gold reserves
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4781501
TOKYO, April 8 (Reuters) -- Japanese Finance Minister
Sadakazu Tanigaki said on Thursday that Japan's efforts
to hold the yen down had been useful in its fight against
Durban Roodeport Deep takes bigger stake in GoldMoney
Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily Dispatches7:12p ET Thursday, April 8, 2004
Dear Friend of GATA and Gold:
Some reading to start the long Easter weekend with....
* Dr. Richard Appel of the Financial Insights
newsletter argues that "The Dollar's Purchasing Power
is the Key to the Gold Price" at GoldSeek.com here:
Another central banker on the take -- how is this even news?
Submitted by cpowell on Wed, 2004-04-07 03:00 Section: Daily Dispatches11:16p ET Tuesday, April 6, 2004
Dear Friend of GATA and Gold:
Please ignore the previous message, "Notify about
your e-mail account utilization," another malfunction
at Yahoo!Groups.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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