You are here
Daily Dispatches
Goldman's revision of commodity index caused plunge in gasoline prices
Submitted by cpowell on Sat, 2006-09-23 14:41 Section: Daily DispatchesFrom The King Report
By William J. King
Friday, September 22, 2006
http://www.mramseyking.com/thekingreport.html
In yesterday's Wall Street Journal, Section C, there is a very interesting item in the article headlined "Some Investors Lose Their Zest For Commodities." The article notes that over that past few months, commodity funds have been liquidating commodity holdings. But here's the stunner: "Consider the Goldman Sachs commodity index, one of the most popular vehicles for betting on raw materials. In July, Goldman Sachs tweaked the index's content by cutting its exposure to gasoline. Investors tracking the index had to adjust their portfolios accordingly -- which sent gasoline futures prices tumbling."
Canada's ROB-TV interviews market analyst Peter Grandich
Submitted by cpowell on Sat, 2006-09-23 02:50 Section: Daily Dispatches2:43a ET Saturday, September 23, 2006
Dear Friend of GATA and Gold:
Peter Grandich, editor of the Grandich Letter and a speaker at this weekend's Toronto Resource Investment Conference, appeared for an hour on Canada's ROB-TV Friday night and discussed influences on the gold market (mentioning GATA) and the prospects for particular mining shares. It was a meaty interview for metals investors and it will be viewable at the ROB-TV archive for a week here:
MineWeb has two reports on Silver Summit in Coeur d'Alene
Submitted by cpowell on Fri, 2006-09-22 14:54 Section: Daily Dispatches2:45p ET Friday, September 22, 2006
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich has filed two reports from the Silver Summit in Coeur d'Alene, Idaho.
The first is headlined "Packed Idaho Conference Attests that Silver Mining Is Thriving" and can be found here:
http://www.mineweb.net/american_notes/202540.htm
The second is headlined "Silver Outlook Is Positive, Say Analysts" and can be found here:
Dubai's AMEInfo: Buy gold to hold, not to trade
Submitted by cpowell on Thu, 2006-09-21 22:17 Section: Daily DispatchesFrom AMEInfo, Dubai
Thursday, September 21, 2006
http://www.ameinfo.com/96992.html
Dr. Marc Faber this week told Bloomberg he is a buyer of gold at and below $580 an ounce. But traders in gold have recently suffered a mauling because central banks are manipulating the market.
The Federal Reserve wants to contain inflation to engineer an interest rate cut before the November US elections. It is as plain as the nose on your face that gold market interventions of the past couple of weeks have been organized to bleed gold traders dry.
Resource Investor: Central banks quicken pace of gold sales
Submitted by cpowell on Thu, 2006-09-21 00:55 Section: Daily DispatchesBy Jon A. Nones
Resource Investor
Thursday, September 20, 2006
ST. LOUIS -- The European Central Bank reported yesterday that three central banks in the European Gold Agreement (EGA) decreased holdings by EUR 499 million ($633 million) in the week ending September 15. At today's gold prices, this totals 33 tonnes and puts Septembers gold sales at 40 tonnes so far.
"It's becoming clear that my suspicion of central bank selling is indeed a major factor behind the recent gold decline," said Peter Grandich, editor of The Grandich Letter in a note today.
James Turk: 8 things everyone should know about gold
Submitted by cpowell on Wed, 2006-09-20 16:17 Section: Daily Dispatches4:11p ET Wednesday, September 20, 2006
Dear Friend of GATA and Gold:
GoldMoney's James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has written an excellent introduction to gold, "8 Things Everyone Should Know About Gold." The essay originally appeared in a recent issue of FGMR but it really had to be shared with the world, and now it can be found in the clear at Goldprice here:
ROB-TV sponsors 'The Great Gold Debate'
Submitted by cpowell on Wed, 2006-09-20 00:22 Section: Daily Dispatches12:13a ET Wednesday, September 20, 2006
Dear Friend of GATA and Gold:
For an hour Tuesday Canada's Report on Business Television sponsored "The Great Gold Debate" between our hero, John Embry, chief investment strategist for Sprott Asset Management in Toronto; Paul van Eeden, the well-known gold market analyst and president of Cranberry Capital; and Stephen Hochberg, chief market analyst for Elliot Wave International.
James Turk: You need to know what GATA knows
Submitted by cpowell on Tue, 2006-09-19 11:32 Section: Daily Dispatches11:30a ET Tuesday, September 19, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk writes "You Need to Know What GATA Knows," a detailed description of the system used by governments to manipulate the gold market to restrain or suppress the price. You can find Turk's essay at Kitco here:
http://www.kitco.com/commentary/turk.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
James Turk: At last, a bounce
Submitted by cpowell on Tue, 2006-09-19 10:07 Section: Daily Dispatches10a ET Tuesday, September 19, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, gets out his gold and silver charts again for some technical analysis. He concludes that the precious metals are still in bull markets and that, despite their recent decline, nothing about the economic fundamentals has changed. The fundamentals, Turk writes, remain strongly in favor of the metals. You can find Turk's analysis, "A Last -- A Bounce," in the "Founder's Commentary" box at the top left of the GoldMoney home page here:
GATA substitutes for Eva Longoria at Toronto conference book launch
Submitted by cpowell on Tue, 2006-09-19 01:21 Section: Daily Dispatches1:22a ET Tuesday, September 19, 2006
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy is scheduled to address the Toronto Resource Investment Conference at the Toronto Metro Convention Center at 1 p.m. this coming Sunday, September 24. Then he will join your secretary/treasurer at the Neo Alliance Minerals booth (Booth 612) for the launch of the 2006 Mining Investment Guide, a bilingual directory of mining companies. (We should do OK if one of the languages is English.)
Pages
