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Daily Dispatches
Doug Casey: Gold reconsidered (with mention of GATA and James Turk)
Submitted by cpowell on Wed, 2005-06-08 03:00 Section: Daily DispatchesBy John Parry and Zachary Howard
Reuters
Tuesday, June 7, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh28423_2005-06-07_17-53-14_n07443397_newsml
NEW YORK -- Gold prices may be about to benefit from both volatility
in and a lack of confidence in several of the world's major
currencies, with gold's price in euros a key indicator, analysts
Gold''s marriage to dollar set to end, Barrick says
Submitted by cpowell on Wed, 2005-06-08 03:00 Section: Daily DispatchesBy Doug Casey
For the Daily Reckoning
Wednesday, June 8, 2005
http://www.dailyreckoning.com/Issues/2005/DR060805.html
A couple of weeks ago, with gold knocked as low as $416.10, resource
investors were wondering just how low gold could go. Now, with gold
rebounding over $420, such musings might turn to questions such
as, "Can gold hold at these levels?" and "Does it still have what it
Free CD with interview with GATA Chairman Murphy offered by Swiss America
Submitted by cpowell on Wed, 2005-06-08 03:00 Section: Daily DispatchesFrom Reuters
Wednesday, June 8, 2005
http://www.reuters.com/newsArticle.jhtml?
type=topNews&storyID=8736802
NEW YORK -- Gold's lengthy coupling to the dollar will end as
supply/demand dynamics change and other currencies may come to the
fore, Barrick Gold Corp. CEO Greg Wilkins said at the Reuters Mining
Summit on Wednesday.
China''s banking system may be more corrupt than that of U.S.
Submitted by cpowell on Tue, 2005-06-07 03:00 Section: Daily DispatchesFOREX VIEW: Dollar Rise
Should Continue, But Risks Lurk
By Laurence Norman
Dow Jones Newswires
Monday, June 6, 2005
http://sg.biz.yahoo.com/050605/15/3sub0.html
NEW YORK -- For the natural pessimists out there, there is choice
aplenty in the foreign exchange market.
It would be very rational to bet against the euro, besieged as it is
James Turk: Gold bounces off support
Submitted by cpowell on Tue, 2005-06-07 03:00 Section: Daily Dispatches12:41a ET Tuesday, June 7, 2005
Dear Friend of GATA and Gold:
The Washington Post story appended here, noted by Bill
King in today's edition of The King Report
(BillKing@thekingreport.com), seems to offer two big
lessons:
First, China's banking system shares all the corrupt
devices of the banking system of the United States
and may be even more corrupt.
And second, while gold and silver are hardly the only
Ted Butler: Are the silver shorts off the hook for the moment?
Submitted by cpowell on Tue, 2005-06-07 03:00 Section: Daily Dispatches8:50a ET Tuesday, June 7, 2005
Dear Friend of GATA and Gold:
James Turk, founder of GoldMoney, editor of the
Freemarket Gold & Money Report, and consultant
to GATA, has gotten out his charts for a new
analysis of the gold price. It's called "Gold
Bounces Off Support" and you can find it in the
"Founder's Commentary" box at the top left of
the GoldMoney home page here:
Wall Street Journal: Selling IMF gold for debt relief is just a scam
Submitted by cpowell on Tue, 2005-06-07 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, June 7, 2005
As foretold by the structure of the market, as defined by the
Commitment of Traders Report (COT), we have now witnessed meaningful
rallies in several markets, including silver, gold, and copper. Once
again, the tech funds tripped over their own feet in selling down to
the lows and then reversed to the buy side, causing prices to rise.
How a Wall Street financial house can get bigger than the market
Submitted by cpowell on Mon, 2005-06-06 03:00 Section: Daily DispatchesBy Flotsam
China Daily, Beijing
Wednesday, May 25, 2005
http://www.chinadaily.com.cn/english/doc/2005-
05/25/content_445646.htm
The world's worst debtor has the best credit rating possible. How IS
this possible?
When Nixon defaulted on gold payment in 1971, the world was faced
with a dollar standard with absolutely no specie currency backing
Only central bank dishoarding is keeping the gold price down
Submitted by cpowell on Mon, 2005-06-06 03:00 Section: Daily Dispatches12:30a ET Monday, June 6, 2005
Dear Friend of GATA and Gold:
Here's a wonderful story from The Wall Street Journal
that, ever so tentatively and politely, illustrates the
vast potential of the big Wall Street financial houses
-- in this case, Goldman Sachs -- for rigging markets
and bestowing the most lucrative favors on certain
clients while ripping off less favored clients. It's a
reminder that financial houses can get bigger than the
Dow Jones Forex View: Dollar rise should continue but risks grow at week''s end
Submitted by cpowell on Mon, 2005-06-06 03:00 Section: Daily Dispatches8:50a ET Monday, June 6, 2005
Dear Friend of GATA and Gold:
MineWeb has today a story about soaring demand
for gold, written off the recent World Gold Council
press release, that is interesting for acknowledging
a similar increase in gold dishoarded by central
banks but never quite putting the two things
together.
That is, the big news here is that only central bank
dishoarding is keeping the gold price down. Is this
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