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Daily Dispatches
Dan Denning at Daily Reckoning: Why the Fed Can''t Raise Rates
Submitted by cpowell on Mon, 2004-04-26 03:00 Section: Daily DispatchesByAngela Barnes
Investment Reporter
The Globe & Mail, Toronto
Monday, April 26, 2004
http://www.theglobeandmail.com/servlet/story/RTGAM.20040426.wxrbestbet
26/BNStory/Business
The U.S. stock market has staged an impressive cyclical
rally from its March 2003 low, but fund manager Eric
Sprott isn't convinced that the bear has been banished.
Anti-trust verdict against Tyson is reversed but case continues on appeal
Submitted by cpowell on Mon, 2004-04-26 03:00 Section: Daily Dispatches9:02p ET Monday, April 26, 2004
Dear Friend of GATA and Gold:
If you haven't signed up for daily commentary from Bill
Bonner's Daily Reckoning site, you should. It's insightful,
sees through the nonsense of officialdom, and is
perfectly free. Appended is a great example of what
you can find there. All they need is your e-mail
address:
James Turk: The buck stops here
Submitted by cpowell on Sun, 2004-04-25 03:00 Section: Daily Dispatches2:41p ET Saturday, April 24, 2004
Dear Friend of GATA and Gold:
Clive Roffey, editor of Gold Action, gets out his charts
to show that the gold and silver and the mining shares
are all in confident buy zones. You can find Roffey's
commentary at GoldSeek here:
http://news.goldseek.com/GoldAction/1082913193.php
CHRIS POWELL, Secretary/Treasurer
India resumes silver imports as foreign price falls below domestic price
Submitted by cpowell on Sun, 2004-04-25 03:00 Section: Daily Dispatches11:30a ET Sunday, April 25, 2004
Dear Friend of GATA and Gold:
GoldMoney proprietor James Turk, editor of The Freemarket
Gold & Money Report and consultant to GATA, does his own
charting in his new essay, "The Buck Stops Here," and
concludes:
"The major trends for gold and the dollar are clear -- up
for gold and down for the dollar. These trends will
continue until U.S. politicians become more concerned about
Gold may rise as traders figure that any interest rate increase will be small
Submitted by cpowell on Sun, 2004-04-25 03:00 Section: Daily Dispatches7:31p ET Sunday, April 25, 2004
Dear Friend of GATA and Gold:
Here's a news story from India that suggests that
the Western silver price, determined largely by
the futures market in New York, has fallen below
the price for real silver in India, a major
consumer of the metal.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Business Line, India
Sunday, April 25, 2004
Gold is once again a bargain and charted for another takeoff, Adam Hamilton says
Submitted by cpowell on Sat, 2004-04-24 03:00 Section: Daily Dispatches9:11a ET Friday, April 23, 2004
Dear Friend of GATA and Gold:
Jason Hommel has written an urgent advisory about
silver that has been posted at Gold-Eagle here:
http://www.gold-eagle.com/editorials_04/hommel042204.html
And analysis by the Aden sisters concludes that
nothing has changed with the upward trend of gold
Nobody can afford higher U.S. rates, analyst says; and Sinclair''s latest
Submitted by cpowell on Sat, 2004-04-24 03:00 Section: Daily Dispatches11:14a ET Saturday, April 24, 2004
Dear Friend of GATA and Gold:
Adam Hamilton's new analysis, "The Relative Dollar
and Gold, Part 2," finds that gold and the U.S. dollar
now are at priced at points that recently have made
the former a great buy and the latter a great sell. His
charts are especially telling. You can find Hamilton's
analysis at GoldSeek here:
Clive Roffey''s charts show gold, silver, and the shares are all in a buying zone
Submitted by cpowell on Sat, 2004-04-24 03:00 Section: Daily Dispatches11:45a 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
Submitted by cpowell on Fri, 2004-04-23 03:00 Section: Daily Dispatches10:17p 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?
Submitted by cpowell on Thu, 2004-04-22 03:00 Section: Daily Dispatches10:26p 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?