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Daily Dispatches
James Turk: ''Fear Index'' still rates gold as a buy
Submitted by cpowell on Fri, 2004-07-02 03:00 Section: Daily DispatchesBy Gretchen Morgenson
The New York Times
Thursday, July 1, 2004
http://www.nytimes.com/2004/07/01/business/01place.html
Inflation and market interest rates are far ahead of
Alan Greenspan's federal funds rate, which he raised
yesterday to 1.25 percent. Now the nation will see
how well Mr. Greenspan, the Federal Reserve
Internet site promotes New Hampshire legislation to remonetize gold and silver
Submitted by cpowell on Fri, 2004-07-02 03:00 Section: Daily Dispatches7:52a ET Friday, July 2, 2004
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold & Money
Report, proprietor of GoldMoney.com, and consultant
to GATA, has updated his "Fear Index" and finds that
it still rates gold as a buy. You can find Turk's
analysis in the "Founder's Commentary" box at the
top left of the GoldMoney home page here:
New York Times: As Greenspan Chases Inflation, Critics Shout, ''Faster!''
Submitted by cpowell on Thu, 2004-07-01 03:00 Section: Daily DispatchesBy Doug Casey
for The Daily Reckoning
http://www.dailyreckoning.com/
Wednesday, June 30, 2004
I have said it many times: Mining is an innately risky
business. Worse, it's an impossible business if metals'
prices are too low. In the case of silver, during the long
bear market from 1980 to 2003, when silver traded mostly in
the $3.50-$5 per ounce range, there were no major, public,
Unregulated derivatives very profitable for big banks but carry systemic risk
Submitted by cpowell on Wed, 2004-06-30 03:00 Section: Daily Dispatches9:47p ET Tuesday, June 29, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary for
tonight at LeMetropoleCafe.com has been posted in
the clear at GoldSeek.com and is especially notable
for describing the failure of the Commodity Futures
Trading Commission to correct in a timely way the
gross errors in its commitment-of-traders report
last week. That failure set last week's gold
Ted Butler''s silver report: Signs of supply tightness on first delivery day
Submitted by cpowell on Wed, 2004-06-30 03:00 Section: Daily DispatchesDerivatives markets outstrip regulation;
Favorite tool of hedge funds
is now a $140 trillion industry
By Tom Bemis
Commentary Editor
CBS.MarketWatch.com
Tuesday, June 29, 2004
http://www.marketwatch.com/news/yhoo/story.asp?
source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B12E497F6%2DBEB9%2D4DEF%
2D8697%2D8629275E932C%7D
Doug Casey: Silver is Rodney Dangerfield now but probably a mania soon
Submitted by cpowell on Wed, 2004-06-30 03:00 Section: Daily DispatchesBy Ted Butler
Wednesday, June 30, 2004
http://www.InvestmentRarities.com
I delayed this article for a day in order to review
the statistics concerning the first delivery day on
the COMEX July silver contract and to see if the
CFTC would correct the material error they made in
the latest Commitments of Traders Report (COT) for
COMEX gold, silver and copper. As it turns out,
Jim Sinclair: Buy some real metal and get your mining companies to strike back
Submitted by cpowell on Tue, 2004-06-29 03:00 Section: Daily DispatchesCompany Press Release
Monday, June 28, 2004
Johannesburg, South Africa -- Durban Roodepoort Deep
Ltd. is pleased to announce that it will be closing out
its only remaining hedge contract in line with its
policy of not hedging gold production.
The hedge is a "gold for electricity" contract with
Eskom, the South African power utility, and was largely
''Midas'' commentary for June 29 posted in the clear at GoldSeek.com
Submitted by cpowell on Tue, 2004-06-29 03:00 Section: Daily Dispatches8:54p ET Tuesday, June 29, 2004
Dear Friend of GATA and Gold:
Jim Sinclair's commentary tonight calls for gold adherents
to buy real metal to break the forces suppressing the gold
price, and he echoes Ted Butler's call for mining companies
to withhold some production whenever the bad guys pound
gold down, as they did today. A slightly edited version of
Sinclair's commentary is appended.
Reg Howe: The gold and silver price suppression schemes are the same
Submitted by cpowell on Mon, 2004-06-28 03:00 Section: Daily Dispatches12:25p ET Saturday, June 26, 2004
Dear Friend of GATA and Gold:
Bill Buckler, editor of The Privateer newsletter, always
provides an insightful read, even if he never has been
able to bring himself to mention GATA's pioneering
work in exposing the suppression of the price of gold.
Buckler's commentary for last week, dated June 18,
is now posted in the clear on the Internet and remarks
in part:
Durban takes loan to close last hedge, may issue shares to close loan
Submitted by cpowell on Mon, 2004-06-28 03:00 Section: Daily Dispatches8:25a ET Monday, June 28, 2004
Dear Friend of GATA and Gold:
GATA consultant Reginald H. Howe, co-editor with
Robert K. Landis of GoldenSextant.com, has
studied the latest gold and silver derivatives
reports from the Bank for International
Settlements and has made some important findings:
1) There was a huge increase in bank and dealer
gold derivatives for the six months ended December