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Daily Dispatches
Energy-hungry miners must worry about $50 oil ...
Submitted by cpowell on Sun, 2004-08-08 03:00 Section: Daily Dispatches10:10a ET Sunday, August 8, 2004
Dear Friend of GATA and Gold:
James Turk, proprietor of GoldMoney.com, editor
of the Freemarket Gold & Money Report, and
consultant to GATA, has updated his U.S. dollar
index chart and reports that the dollar continues
to be repelled by its downtrend line. He adds
that the quarter-percent increase in interest
rates expected from the Federal Reserve on Tuesday
British HSBC bank buys stake in Chinese state bank
Submitted by cpowell on Sun, 2004-08-08 03:00 Section: Daily Dispatches... But one analyst says oil won't discourage gold stocks
By Steve James
Reuters
Sunday, August 8, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5904223
NEW YORK -- Mining giants like Phelps Dodge Corp.
are riding the crest of a wave right now, with
sky-high metal prices bolstering their bottom line.
Disastrous jobs report may reverse attitudes on dollar, interest rates, metals
Submitted by cpowell on Fri, 2004-08-06 03:00 Section: Daily Dispatches10:15p ET Thursday, August 5, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy has given an Internet
radio interview to FreeMarketNews.com. You can
find it at the right side of the site's home page
here:
http://www.freemarketnews.com/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
GATA Chairman Murphy interviewed by FreeMarketNews.com
Submitted by cpowell on Thu, 2004-08-05 03:00 Section: Daily DispatchesBy Ted Butler
August 3, 2004
www.InvestmentRarities.com
As expected, there was a major liquidation of tech
fund long gold positions, with massive dealer short
covering. According to the latest COTs, as of July
27 the gold cleanout appears complete, with the
path of least resistance now to the upside. How
significant the probable gold rally will be depends
on how aggressive the dealers short-sell on that
Ted Butler: Silver is for serious money
Submitted by cpowell on Tue, 2004-08-03 03:00 Section: Daily Dispatches9:57a ET Saturday, July 31, 2004
Dear Friend of GATA and Gold:
There is growing realization that the world's major
financial markets -- not just the gold market -- are
undergoing greater intervention by central banks,
and the latest studious examination of this may
be Brian Bloom's essay, "Managed Markets," just
posted at Gold-Eagle.
Bloom charts the Dow Jones Industrial Average,
Former Commerce Secretary Pete Peterson describes America''s bankruptcy
Submitted by cpowell on Sat, 2004-07-31 03:00 Section: Daily DispatchesSouth Africa 'Recycles' Graves for AIDS Victims
By Michael Wines
The New York Times
Thursday, July 29, 2004
http://www.nytimes.com/2004/07/29/international/africa/29durb.html
DURBAN, South Africa, July 23 -- At S Cemetery in Umlazi
Township, Innocent Gasa's handiwork is everywhere: endless
mounds of fresh red earth topped with headstones, unpainted
What''s to stop the Fed from winning the gold game if you can''t call their bluff?
Submitted by cpowell on Sat, 2004-07-31 03:00 Section: Daily DispatchesBoth Parties Get Blame for the Economic Mess
By John Crudele
New York Post
Tuesday, July 27, 2004
http://www.nypost.com/seven/07272004/business/28134.htm
Pete Peterson may be the most qualified man to
discuss the American economy. Not only is Peterson
a former U.S. commerce secretary and chairman of the
New York Federal Reserve Bank, but he now chairs
There''s a big difference between ''managing'' markets and ''manipulating'' them
Submitted by cpowell on Sat, 2004-07-31 03:00 Section: Daily Dispatches1:52a ET Saturday, July 31, 2004
Dear Friend of GATA and Gold:
Not a lot of news this week so maybe the exchange
appended here will be of some interest.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Dear Chris:
In a recent GATA dispatch you wrote:
"The gold price is almost entirely a matter of how
much gold the central banks want to dishoard, how
A report from ground zero of the gold-price suppression scheme
Submitted by cpowell on Thu, 2004-07-29 03:00 Section: Daily DispatchesBy Ted Butler
Tuesday, July 27, 2004
The previous deterioration in the COTs paved the way
for a significant selloff in gold, silver, and copper. The
same old pattern prevailed. While the commercial net
short position did not approach the extremes
witnessed in gold and silver earlier this year, there
was enough of a technical fund long position recently
established to warrant a collusive dealer rig job to the
Kalgoorlie conference: Barrick production increase, Lassonde''s price prediction
Submitted by cpowell on Tue, 2004-07-27 03:00 Section: Daily Dispatches6:34p ET Monday, July 26, 2004
Dear Friend of GATA and Gold:
A loyal friend of GATA wrote today that the gold
community seems to have given up. Discouraged
as many may be about the gold price, we should
recognize the cause and cheer up.
It's not that gold has topped out; far from it.
It's that the strains on the world financial
system and particularly on the U.S. dollar and
the general U.S. equities and bond markets are so
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