You are here

Daily Dispatches

Clive Roffey''s charts show gold, silver, and the shares are all in a buying zone

Section: Daily Dispatches

11:45a ET Saturday, April 24, 2004

Dear Friend of GATA and Gold:

MineWeb's Tim Wood interviews economic analyst
Martin Murenbeeld at the European Gold Forum and
Zurich and hears that neither the United States
nor the rest of the world can afford the stronger
dollar that would result from higher interest
rates. You can find the interview here:

http://www.mineweb.net/events/conferences/2004/eugold04/317920.htm

Jason Hommel, Aden sisters, and Gary North are encouraging

Section: Daily Dispatches

10:17p ET Thursday, April 22, 2004

Dear Friend of GATA and Gold:

Couldn't find any bad news for the precious metals tonight,
not that the bruises of the past week have worn off....

Richard Russell, editor of Dow Theory Letters, observes that
gold is testing its 200-day moving average, that it has done
this several times before and continued higher, and that
"gold's erratic action is understandable when you consider

John Brimelow: Gold''s Indian rope trick to the rescue?

Section: Daily Dispatches

10:26p ET Wednesday, April 21, 2004

Dear Friend of GATA and Gold:

GATA supporter Sid from Australia writes:

"It is oft-stated by GATA that gold shorts are trapped
with no way out, hence the protracted manipulation. Yet
this latest price drop in the price of physical has
been orchestrated so that they CAN cover. But if they
cover, they were never trapped in the first place.
Correct?

Wholesale prices reported sharply higher just after metals prices are smashed

Section: Daily Dispatches

By John Brimelow
CBSMarketWatch
Thursday, April 22, 2004

http://www.marketwatch.com/news/story.asp?
siteid=yhoo&dist=yhoosnap&guid=%7B5156846C%2DB1C3%2D439A%2DAF7B%
2DEEB86E95A8A8%7D&

NEW YORK -- Gold is back below $400 -- but it may be about
to perform its version of the Indian Rope Trick. Again.

I first reported on this phenomenon in a piece in February, when

Just bouncing off 200-day MA as Bernanke doubts rate rise and Barrick covers

Section: Daily Dispatches

http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=4907981&section=news

By Reuters

WASHINGTON, April 22 -- A big jump in food prices helped
push U.S. wholesale prices sharply higher last month, the
government said on Thursday in a report likely to sustain
budding inflation worries.

The Producer Price Index, which measures prices paid to

Take two aspirin and call your precious metals broker in the morning

Section: Daily Dispatches

By Theodore Butler
April 19, 2004

Shocking, yet expected. That's the only way to describe
the recent sharp selloff in silver and gold.

Shocking, because of the magnitude and suddenness of
the decline, as silver fell more in two days than at any time
in more than 15 years, and there were no real silver world
developments to explain it. Expected, because the only
reason for the decline should have been understood

Are the gold shorts trapped or not?

Section: Daily Dispatches

9:54p ET Wednesday, April 21, 2004

Dear Friend of GATA and Gold:

Put down that gun! Or at least read some of the stuff
below before pulling the trigger.

Start with Jim Sinclair's "A Letter to the Gold
Community," which observes that everything happening
to the precious metals now happened to them during
their last big run. Sinclair's letter is, at this hour,
the second commentary down from the top of his site:

Federal Reserve hints about higher interest rates send dollar up, gold down

Section: Daily Dispatches

10:23p ET Sunday, April 18, 2004

Dear Friend of GATA and Gold:

As a public service to a demoralized precious
metals community, GATA Chairman Bill Murphy's
special Sunday "Midas" commentary at
LeMetropoleCafe.com has just been posted in
the clear at GoldSeek.com here:

http://news.goldseek.com/LemetropoleCafe/1082385873.php

Central bank gold sales are bullish again, Sinclair says; Amex lists Seabridge

Section: Daily Dispatches

Tuesday, April 20, 2004

NEW YORK (Dow Jones/AP) -- The dollar jumped across
the board Tuesday, hitting fresh five- month highs
against the euro and Swiss franc, after upbeat
remarks on the economy from Federal Reserve Chairman
Alan Greenspan further fueled speculation about a
Federal Reserve rate hike this summer.

Dallas Fed President Robert McTeer got the ball rolling
in U.S. trading, saying that interest rates could rise

Ted Butler: Silver miners must respond to the wolf pack of the shorts

Section: Daily Dispatches

By Jim Sinclair
Tuesday, April 20, 2004

http://www.jsmineset.com/home.asp

Gold sales by the French and Swiss national banks
represent a singular most BULLISH event. In the 1970
gold bull market, every ounce offered for sale at the
time was purchased. In this latest case, the buyers
will be Islamic and Asian and the sales will
memorialize the shift of economic influence away

Pages