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Jim Sinclair: Decline in foreign purchases of U.S. bonds will be earth-shaking
Submitted by cpowell on Mon, 2005-05-16 03:00 Section: Daily Dispatches9p ET Monday, May 16, 2005
Dear Friend of GATA and Gold:
There are a couple of important stories tonight about
a sharp decline in foreign purchases of U.S. government
bonds.
The first is Ashraf Laidi's commentary at ForexNews.com
and it has some excellent graphics, so it's best to go
to ForexNews.com directly to read it:
Gold Investors Eye Beggars'' Banquet
Submitted by cpowell on Sun, 2005-05-15 03:00 Section: Daily Dispatches1:54p ET Saturday, May 14, 2005
Dear Friend of GATA and Gold:
Here's your invitation to a dinner honoring Dr. Antal
Fekete, one of gold's great friends, in Dallas, Texas,
on Wednesday, June 1, 2005.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Dinner honoring Dr. Antal Fekete
Sponsored by the Gold Anti-Trust Action Committee Inc.
...and...
Americans for a Free Republic
James Turk: Gold tests important support
Submitted by cpowell on Sun, 2005-05-15 03:00 Section: Daily DispatchesBy Nicole Mordant
Reuters
Saturday, May 14, 2005
http://www.reuters.ca/locales/c_newsArticle.jsp;:428690cd:fbf68850ced
f576?type=businessNews&localeKey=en_CA&storyID=8492877
VANCOUVER, British Columbia -- The Rolling Stones' smash hit "(I
can't get no) Satisfaction" may be on the lips of many Bay Street
Eric Hommelberg: Gold and GATA
Submitted by cpowell on Sun, 2005-05-15 03:00 Section: Daily Dispatches10:57a ET Sunday, May 15, 2005
Dear Friend of GATA and Gold:
James Turk, founder of GoldMoney, editor of the Freemarket
Gold & Money Report, and consultant to GATA, has posted
new analysis in the "Founder's Commentary" box of the
GoldMoney home page. It's headlined "Gold Tests Important
Support." You can find it at the top left of the GoldMoney
home page here:
London Times: Hedge funds head for domino collapse
Submitted by cpowell on Sun, 2005-05-15 03:00 Section: Daily Dispatches2:23p ET Sunday, May 15, 2005
Dear Friend of GATA and Gold:
Eric Hommelberg has written Chapter 6 of his
"Gold Drivers Report" and it's about GATA's
work. It may not be new to longtime GATA
followers but it will be a valuable summary
for people just starting to look at the gold
market. You can find it at GoldSeek here:
You''re invited to a dinner honoring Dr. Antal Fekete
Submitted by cpowell on Sat, 2005-05-14 03:00 Section: Daily DispatchesSenior AIG Executive Has Deal
To Cooperate with Authorities
By Monica Langley, Theo Francis,
and Ian McDonald
The Wall Street Journal
Friday, May 13, 2005
A senior executive at American International Group Inc. has struck a
deal with authorities investigating the giant insurer's accounting
to offer his testimony in return for immunity from potential
charges, according to people familiar with the matter.
India to sell 5 tonnes of gold, 1,670 tonnes of silver
Submitted by cpowell on Fri, 2005-05-13 03:00 Section: Daily DispatchesDetails Emerge on Obscure Barbados Reinsurer Tied to AIG
By Theo Francis, Glenn R. Simpson,
and Charles Fleming
The Wall Street Journal
Thursday, May 12, 2005
When American International Group Inc. disclosed that it would slice
about $2.7 billion, or 3.3%, off its net worth because of accounting
issues, the biggest single chunk stemmed from dealings with an
obscure Barbados company.
Senior AIG executive gets immunity to cooperate with authorities
Submitted by cpowell on Fri, 2005-05-13 03:00 Section: Daily DispatchesBy Press Trust of India
via The Hindu
Chennai (Madras), India
Friday, May 13, 2005
http://www.hindu.com/thehindu/holnus/002200505131653.htm
NEW DELHI -- The Government today said it has decided to sell
surplus gold and silver lying in its mints.
There is about five tonnes of surplus gold and 1,670 tonnes of silver
The sky darkens for bondholders as bets on derivatives backfire
Submitted by cpowell on Thu, 2005-05-12 03:00 Section: Daily Dispatches1:53p ET Wednesday, May 11, 2005
Dear Friend of GATA and Gold:
Appended is an adaptation of an exchange
posted yesterday at the USAGold Forum --
http://www.usagold.com/cpmforum/ --
between your secretary/treasurer and the
forum's host, Michael Kosares, proprietor
of Centennial Precious Metals in Denver,
editor of the firm's client letter, and
Former silver market player AIG is starting to look like another Enron
Submitted by cpowell on Thu, 2005-05-12 03:00 Section: Daily DispatchesThe Sky Darkens for Bondholders
Backfiring Bets on Derivatives,
Corporate Executives' Allegiances
Are Among Worries Raising Risk
By Mark Whitehouse, Gregory Zuckerman,
Henny Sender, and Carrick Mollenkamp
The Wall Street Journal
Wednesday, May 11, 2005
The U.S. credit market is getting riskier.
As hedge funds book losses and the prices of corporate securities
and the derivatives based on them move in unusual ways, investors