You are here
Daily Dispatches
CFTC economist tells mining group that silver market is not manipulated
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily DispatchesBy David Elliott
Dow Jones Newswires
Friday, December 10, 2004
http://money.iwon.com/jsp/nw/nwdt_rt.jsp?section=news&news_id=dji-
00058920041210&feed=dji&date=20041210&cat=INDUSTRY
LONDON -- Gold bars held by the StreetTRACKS
gold-backed exchange- traded fund may be
stamped with the same number but such a move
China denies reducing U.S. dollar reserves
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily Dispatches12:32p ET Friday, December 10, 2004
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich reports today on yesterday's
remarks to the Northwest Mining Association in Seattle
by an economist for the U.S. Commodity Futures
Trading Commission, who insisted that the silver market
is not manipulated. If only the meeting had included a
panel discussion with silver market analyst Ted Butler
or ANYONE capable of asking a pointed question or
Bill Bonner: A goldbug''s life is always to deny that there''s a free lunch
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily DispatchesBy The Associated Press
Friday, December 10. 2004
http://www.forbes.com/business/businesstech/feeds/ap/2004/12/10/ap1703
982.html
The agency that maintains China's US$540 billion
in foreign reserves denied Friday that it has
reduced its holdings of U.S. dollar-denominated
assets, rejecting what it said were unfounded
In the furnace of Hell, you''ll do better with metal than with paper
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily DispatchesBy Bill Bonner
Friday, December 10, 2004
Mr. James Surowiecki wrote a wise and moronic piece
on gold in The New Yorker. His wisdom is centered on
the insight that neither gold nor paper money are true
wealth but only relative measures, subject to adjustment.
"Gold or not, we're always just running on air," he wrote.
"You can't be rich unless everyone agrees you're rich."
The Northern Miner interviews Jim Sinclair
Submitted by cpowell on Fri, 2004-12-10 03:00 Section: Daily DispatchesFrom The Daily Reckoning
Friday, December 10, 2004
The price of gold got hit, as the technical analysts
thought it would. We thought it might too ... but
only because it had run quite a bit without taking
a breather.
Does it mean the bull market in gold is over? Is it
time to sell -- taking advantage of the 40 percent
gain since George W. Bush took over the White
GATA crashes gold market; bonds are next!
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches10p ET Wednesday, December 8, 2004
Dear Friend of GATA and Gold:
Because of its special importance, GATA Chairman
Bill Murphy's "Midas" commentary tonight at
LeMetropoleCafe.com has been posted in the clear
at GoldSeek.com here:
http://news.goldseek.com/LemetropoleCafe/1102610013.php
CHRIS POWELL, Secretary/Treasurer
Bullion Desk and 321Gold refuse to post reply to ''open letter''
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches10:42p ET Wednesday, December 8, 2004
Dear Friend of GATA and Gold:
TheBullionDesk.com today more or less accused
GATA of causing today's smashing of the gold
price. The accusation came in a brief market
note by the site's proprietor, Ross Norman,
suggesting that the World Gold Council's new
exchange-traded bullion fund had been forced
on Tuesday to sell 15 percent of its gold
holdings on account of "a foul attempt by a
Bullion Desk buries GATA reply under the press releases
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches10:21a ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
My reply to David Walker's "open letter"
to me at TheBullionDesk.com and
321Gold.com was sent to both Internet
sites last night with my request that
it be posted.
The Bullion Desk responded this morning
with a fatuous editorial declaring that
it is "time to move on," while 321Gold's
proprietor responded with a malicious,
Richard Appel: We''ve been here before but what short memories we have
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches2:07p ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
TheBullionDesk.com has posted my reply
to David Walker's open letter of
yesterday, but while Walker's open
letter was posted at the top of the
Internet site's home page with a big
headline all day, the reply has been
buried among the press releases that
quickly roll off the bottom of the
page and into the archive.
You can find my reply here:
AngloGoldAshanti''s Williams suggests that central banks regulate the gold price
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily DispatchesBy Dr. Richard S. Appel
www.financialinsights.org
Thursday, December 9, 2004
Most of the below commentary was written prior
to Wednesday's $15 gold price collapse. However,
it still remains applicable and further strengthens
my belief that important buying points are
approaching for both gold and the gold equities.
The current disconnect between the price action
of gold and the major and junior gold stocks has
Pages
