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Daily Dispatches
Peter Brimelow: Harry Schultz suspects market manipulation
Submitted by cpowell on Mon, 2006-07-31 08:00 Section: Daily DispatchesSchultz Suspects Market Manipulation;
Veteran Gold Bug Also Worries
About U.S. Recession in 2007
Peter Brimelow
CBSMarketWatch.com
Monday, July 31, 2006
http://www.marketwatch.com/news/story/Story.aspx?guid=%7B88655570%2D6211...
NEW YORK -- A strong week for stocks, but the top-performing letter isn't buying.
The International Harry Schultz Letter's portfolio has gained up 94.9% over the past 12 months according to the Hulbert Financial Digest, vs. 9.8% for the dividend-reinvested Dow Jones Wilshire 5000.
Former Malaysian prime minister urges dollar boycott to pressure U.S.
Submitted by cpowell on Sun, 2006-07-30 00:30 Section: Daily DispatchesFrom Malaysian National News Agency (Bernama)
Kuala Lumpur, Malaysia
Saturday, July 29, 2006
http://www.bernama.com.my/bernama/v3/news.php?id=211207
LANGKAWI, Malaysia -- Former Prime Minister Tun Dr. Mahathir Mohamad on Saturday urged countries to stop using the U.S. dollar in their international trade in order to pressure Washington to end its support for Israel's savage attack on Lebanon.
Grandich injects 'gold cartel' into CBSMarketWatch report
Submitted by cpowell on Thu, 2006-07-27 21:01 Section: Daily DispatchesGold Rallies on Weak Dollar, Mideast Fighting
By Polya Lesova
CBSMarketWatch.com
Thursday, July 27, 2006
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BAAC61EE7%2D2762...
NEW YORK -- Gold futures extended their prior-session gains on Thursday, strengthened by the falling dollar and dimmed hopes of near-term peace between Israel and Lebanon. Gold for August delivery was last trading up $11.90 at $633.80 an ounce on the New York Mercantile Exchange.
James Turk: A trendless dollar will break down soon
Submitted by cpowell on Thu, 2006-07-27 08:26 Section: Daily DispatchesDear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, says his charts show that the U.S. dollar has not been able to regain the baseline of its three-year uptrend channel, and
so he expects the dollar to break sharply below it, even to the point of a rout. Turk's commentary is headlined "A Trendless Dollar" and you can find it in the "Founder's
John Crudele: Ben, come clean about the PPT!
Submitted by cpowell on Thu, 2006-07-27 08:08 Section: Daily DispatchesBy John Crudele
New York Post
Thursday, July 27, 2006
http://www.nypost.com/business/come_clean__ben__business_john_crudele.htm
Federal Reserve Chairman Ben Bernanke revealed that the secretive Plunge Protection Team meets several times a year, but he dodged a congressman's inquiries about what the group does and whether minutes are kept of those meetings.
So the Post has filed a Freedom of Information Act request for those minutes -- specifically for the meetings that likely occurred immediately after the terrorist attacks in 2001.
Canadian mint considers creating ETF for precious metals
Submitted by cpowell on Wed, 2006-07-26 16:17 Section: Daily DispatchesMint Sees Gold (and Silver) in TSX Offering; Considers Launching ETF-like Product
Paul Waldie
The Globe and Mail, Toronto
Wednesday, July 26, 2006
http://www.theglobeandmail.com/servlet/story/RTGAM.20060726.wxrmint26/BN...
The Royal Canadian Mint is considering launching an investment product on the Toronto Stock Exchange as a way of tapping into the growing demand by investors for precious metals.
Short squeeze in gold is near, Grandich says
Submitted by cpowell on Wed, 2006-07-26 15:43 Section: Daily DispatchesGold Futures Rise as Dollar Drops, Mideast Talks Snag
By Polya Lesova
CBSMarketWatch.com
Wednesday, July 26, 2006
http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=...
NEW YORK -- Gold futures surged Wednesday as the dollar dropped against major currencies and as international talks on the Mideast conflict dead-ended with the U.S. rejecting calls for an immediate cease-fire.
Investment demand will break central bank gold cartel
Submitted by cpowell on Wed, 2006-07-26 08:28 Section: Daily DispatchesA Summer Tip for Arabian Investors: Gold shares
From AME Info, Dubai
Wednesday, July 26, 2006
http://www.ameinfo.com/92398.html
Barrick Gold has paid $1.3 billion to buy the much smaller gold mining company Nova Gold which was one of the six stocks tipped for 2006 by James Saks in this column last December. Investors in NovaGold have clearly made a quick buck, but what does it say about the outlook for gold mining stocks?
Ted Butler: Locked and loaded
Submitted by cpowell on Tue, 2006-07-25 18:53 Section: Daily DispatchesDear Friend of GATA and Gold:
Silver market analyst Ted Butler's new commentary
examines the ever-more-concentrated and manipulative short position in silver and warns potential investors in the New York Mercantile Exchange of the fraud under way there. Butler's commentary, "Locked and Loaded," can be found at GoldSeek's companion site, SilverSeek, here:
4 brokers, including Goldman Sachs, fined for breaking short-sales rule
Submitted by cpowell on Mon, 2006-07-24 13:02 Section: Daily DispatchesFrom Reuters
Monday, July 24, 2006
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reut...
NEW YORK -- NYSE Group Inc. said on Monday it fined four firms a total of $1.25 million, saying they violated a U.S. Securities and Exchange Commission rule on short selling.
It censured and fined Daiwa Securities America Inc., a subsidiary of Japan-based brokerage Daiwa Securities Group Inc., Goldman Sachs Execution & Clearing, part of Goldman Sachs Group Inc., Citigroup Global Markets, Inc., a subsidiary of Citigroup Inc., and Credit Suisse Securities, part of Credit Suisse Group.
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