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Daily Dispatches
Expecting higher prices, Goldcorp withholds a third of gold production
Submitted by cpowell on Mon, 2005-02-21 03:00 Section: Daily Dispatches9:18p ET Monday, February 21, 2005
Dear Friend of GATA and Gold:
Dennis Gartman mentions GATA in The Gartman Letter
again tonight, but this time favorably, if
reluctantly so, in regard to the British government's
disingenuous campaign to raid the International
Monetary Fund's gold hoard in the name of debt relief
for poor countries but more likely to bail out big
financial institutions that are short gold.
China is invited to relieve the West of the burden of its gold
Submitted by cpowell on Sun, 2005-02-20 03:00 Section: Daily Dispatches8:49p ET Saturday, February 19, 2005
Dear Friend of GATA and Gold:
Jim Puplava interviews GATA Chairman Bill Murphy,
Sprott Asset Management President John Embry,
and futures trader Eric King about the precious
metals markets on this weekend's edition of the
"Financial Sense Newshour" Internet radio program,
which you can find here:
http://www.financialsense.com/Experts/roundtable/021905.html
Bloomberg''s weekly survey finds Gartman thinking gold may go ''way up''
Submitted by cpowell on Sun, 2005-02-20 03:00 Section: Daily Dispatches12:50p ET Sunday, February 20, 2005
Dear Friend of GATA and Gold:
The news story appended here from The Observer in
London reports suggestions that Britain's
obsession with getting the International Monetary
Fund to sell its gold in the name of debt relief for
poor nations could be fulfilled without disrupting
the gold market by persuading China to buy the gold.
The story echoes the prediction of gold market
KitcoCasey''s Bud Conrad examines decline in foreign purchases of U.S. debt
Submitted by cpowell on Sun, 2005-02-20 03:00 Section: Daily Dispatches3:03p ET Sunday, Februay 20, 2005
Dear Friend of GATA and Gold:
Bloomberg's weekly survey of gold traders, investors,
and analysts, appended here, is awfully bullish but may
be most interesting for its brief quotation from Dennis
Gartman of The Gartman Letter, generally a spokesman
for big investment houses and never a friend of the gold
cause. Gartman is quoted as predicting that gold is
North American gold miners are still prospecting for partners
Submitted by cpowell on Sat, 2005-02-19 03:00 Section: Daily DispatchesBullish XAU Could Indicate
Break Higher In Gold Prices
By Gavin Maguire and Jim Wyckoff
Dow Jones Newswires
Friday, February 18, 2005
http://www.futuresource.com/news/story.jsp?i=i4537233541121114176
NEW YORK -- If history is anything to go by, any break higher in the
Philadelphia Gold & Silver Index of gold and silver mining companies
''Financial Sense Newshour'' interviews Murphy, Embry, and King
Submitted by cpowell on Sat, 2005-02-19 03:00 Section: Daily DispatchesBy Nicole Mordant
Reuters
Friday, February 18, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh79704_2005-02-18_22-35-10_n17302066_newsml
VANCOUVER, British Columbia -- "If at first you don't succeed, try,
try again" could become the motto of North America's merger-obsessed
gold industry.
Whoever controls the gold market positions himself first in the gold shares
Submitted by cpowell on Fri, 2005-02-18 03:00 Section: Daily DispatchesFrom The Daily Reckoning
DailyReckoning.com
Thursday, February 17, 2005
The force of a correction is directly proportional to the deception
that preceded it.
We repeat our dictum for no apparent reason. We just like the sound
of it. You may quote it any time you like, dear reader.
As a practical formula, it does little to help us. We still do not
know when or how the correction will come. And, to borrow a phrase
CBSMarketWatch video-interviews GoldMoney''s James Turk
Submitted by cpowell on Thu, 2005-02-17 03:00 Section: Daily DispatchesAllow Gold-Backed Savings Products,
World Gold Council Says in India
From The Hindu
Chennai, India
Wednesday, February 16, 2005
http://www.hindu.com/2005/02/17/stories/2005021706971700.htm
MUMBAI -- The Reserve Bank of India should allow
banks to offer gold-backed savings products so that
part of these investments can be channelised
Barrick''s hedge book worsens as decline in ounces is offset by rising gold price
Submitted by cpowell on Thu, 2005-02-17 03:00 Section: Daily Dispatches7:52p ET Thursday, February 17, 2005
Dear Friend of GATA and Gold:
Holy golden cow! GATA consultant James Turk, founder
of GoldMoney and editor of the Freemarket Gold &
Money Report, has just gotten video-interviewed by
CBSMarketWatch about his new book, "The Coming
Collapse of the Dollar," and his views on gold's
prospects. At this hour you can find the interview
on the right side of the CBSMarketWatch home page
IMF did sell gold in 1999 but no metal actually reached the market
Submitted by cpowell on Thu, 2005-02-17 03:00 Section: Daily Dispatches8:08p ET Thursday, February 17, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood analyzes Barrick Gold's
latest financial report and finds that the company's
hedge book debt is worsening, the rising gold price
offsetting the reduction in the amount of gold hedged: