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Daily Dispatches
Asia doesn't believe in summer lull for gold, Agnico Eagle CEO says
Submitted by cpowell on Wed, 2011-07-20 22:51 Section: Daily Dispatches10:50p ET Wednesday, July 20, 2011
Dear Friend of GATA and Gold:
Agnico Eagle CEO Sean Boyd tells King World News today that Asian buyers don't seem to care that gold is supposed to be slow in the summer. Boyd also says gold mining company shares are severely undervalued. An excerpt from the interview has been posted at the King World News blog here:
Time to sell? Wall Street Journal finds cause for higher gold
Submitted by cpowell on Wed, 2011-07-20 22:05 Section: Daily DispatchesGold Rally Unlikely to Be Scrapped
By Rhiannon Hoyle
The Wall Street Journal
Wednesday, July 20, 2011
http://online.wsj.com/article/SB1000142405270230366190457645586120524957...
Fiscal troubles in both Europe and the U.S. may have spurred gold to record highs this week, but the warm embrace of the precious metal appears to be the result of more than one set of incentives.
1933 double eagles belong to U.S. government, jury concludes
Submitted by cpowell on Wed, 2011-07-20 21:11 Section: Daily DispatchesBy Nathan Gorenstein
Philadelphia Inquirer
Wednesday, July 20, 2011
http://www.philly.com/philly/news/125910828.html
Ten famous $20 gold pieces that are worth millions to collectors were stolen from the Philadelphia Mint in the 1930s and are legally property of the U.S. Treasury, a federal court jury unanimously decided Wednesday.
Hong Kong exchange starts silver futures Friday
Submitted by cpowell on Wed, 2011-07-20 12:35 Section: Daily DispatchesFrom Reuters
Monday, July 18, 2011
http://af.reuters.com/article/metalsNews/idAFL3E7II0W920110718
SINGAPORE -- The Hong Kong Mercantile Exchange (HKMEx) said on Monday it will start trading a dollar-denominated silver futures contract on Friday, hoping to tap into the growing demand for the metal in China.
Gene Arensberg: Comex commercials pile on shorts in gold
Submitted by cpowell on Wed, 2011-07-20 12:14 Section: Daily Dispatches12:09p ET Wednesday, July 20, 2011
Dear Friend of GATA and Gold (and Silver):
Gene Arensberg's Got Gold Report reports today that the big commercial traders have greatly increased their short positions in gold but that silver still looks less opposed by the big shorts. His commentary is headlined "Comex Commercials Piled on Short Gold Futures" and you can find it here:
China FX custodian wants world to think it won't buy much gold, silver, oil
Submitted by cpowell on Wed, 2011-07-20 10:38 Section: Daily Dispatches... At least not until China has obtained surreptitiously all the gold, silver, and oil it wants.
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China Urges U.S. to Boost Confidence in Debt, Dollar
By Zhou Xin and Koh Gui Qing
Reuters
Wednesday, July 20, 2011
http://www.reuters.com/article/2011/07/20/china-us-idUSL3E7IK18420110720
Gold breakout and subsequent trading encouraging, Hathaway tells KWN
Submitted by cpowell on Wed, 2011-07-20 10:06 Section: Daily Dispatches10a ET Wednesday, July 20, 2011
Dear Friend of GATA and Gold (and Silver):
Gene Arensberg: Are the big gold and silver shorts being overrun?
Submitted by cpowell on Tue, 2011-07-19 22:34 Section: Daily Dispatches10:33p ET Tuesday, July 19, 2011
Dear Friend of GATA and Gold:
GATA's London conference nears capacity but there's still a little room
Submitted by cpowell on Tue, 2011-07-19 11:55 Section: Daily Dispatches11:53a ET Tuesday, July 19, 2011
Dear Friend of GATA and Gold:
GATA's Gold Rush 2011 conference at the Savoy Hotel in London from Thursday-Saturday, August 4-6, is getting crowded, perhaps because pg its speaker roster, 20 of the top minds in the monetary metals and world financial system. (Then there's GATA Chairman Bill Murphy and your secretary/treasurer. We'll try to be brief.)
Hyperinflation to devalue debt is pols' only way out, Embry says
Submitted by cpowell on Tue, 2011-07-19 11:21 Section: Daily Dispatches11:17a ET Tuesday, July 19, 2011
Dear Friend of GATA and Gold (and Silver):
The world's debt can no longer be carried by income, hyperinflation to devalue the debt is the only way out for political authorities, and triple-digit silver is probable, Sprott Asset Management's John Embry tells King World News today. An excerpt from the interview can be found here:
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