Daily Dispatches

Waiting for acknowledgement of the obvious about gold

Submitted by cpowell on Sat, 2004-06-26 03:00 Section: Daily Dispatches

Ex-Bundesbank President Pays EU25,000 to End Probe

By Corinna Budras
Bloomberg News Service
Thursday, June 24, 2004

http://quote.bloomberg.com/apps/news?
pid=10000100&sid=ad.OPMf_dys8&refer=germany

FRANKFURT -- Ernst Welteke, who resigned as president
of Germany's Bundesbank after he accepted hospitality
from a bank he supervised, agreed to pay 25,000 euros

Read more about Waiting for acknowledgement of the obvious about gold

World Gold Council considers scrapping bullion fund before it starts

Submitted by cpowell on Fri, 2004-06-25 03:00 Section: Daily Dispatches

8:55a ET Thursday, June 24, 2004

Dear Friend of GATA and Gold:

Richard Russell, editor of Dow Theory Letters, had
this advice yesterday:

"So what's a poor investor to do? You want my honest
opinion? Cool it -- just sit tight. I've been saying
this for a while and I'll say it again -- sit in cash
with the insurance protection of gold and gold shares.
Markets are all overpriced, stocks yield nothing,

Read more about World Gold Council considers scrapping bullion fund before it starts

Bundesbank''s former president buys his way out of prosecution

Submitted by cpowell on Fri, 2004-06-25 03:00 Section: Daily Dispatches

11p ET Friday, June 25, 2004

Dear Friend of GATA and Gold:

MineWeb's Tim Wood reports tonight that the World Gold
Council is considering getting out of the bullion fund
business even before it really got into it. MineWeb says
that the indefinite delay in getting the WGC bullion
fund started in the United States, caused by the
Securities and Exchange Commission, is to blame for
shutting the WGC up just when gold needs an advocate as

Read more about Bundesbank''s former president buys his way out of prosecution

New chief of Bundesbank casts doubt over German gold sales

Submitted by cpowell on Thu, 2004-06-24 03:00 Section: Daily Dispatches

By Ted Butler
Tuesday, June 22, 2004

The market structure in the COMEX metals (gold,
copper. and silver) remains intact and exceedingly
bullish. The latest Commitments of Traders Report
(COT) confirms the commercial dealers have fled
the short side in all three in unusual amounts. The
big concentrated commercial traders have their
smallest net short positions in recent times. While
no one can predict the exact day of liftoff to the

Read more about New chief of Bundesbank casts doubt over German gold sales

Richard Russell: Sit tight in cash, gold, and gold shares

Submitted by cpowell on Thu, 2004-06-24 03:00 Section: Daily Dispatches

By Laura Humble
Bloomberg News Service
Thursday, June 24, 2004

http://quote.bloomberg.com/apps/news?
pid=10000086&sid=aJ3k1VbA1_Mk&refer=latin_america

LONDON -- Gold gained in London as the dollar weakened
against the euro and yen, making the dollar-denominated
metal more attractive as an alternative investment.

The dollar fell after reports of attacks in Iraq before the

Read more about Richard Russell: Sit tight in cash, gold, and gold shares

James Turk: The Fed is trying to talk inflation away

Submitted by cpowell on Tue, 2004-06-22 03:00 Section: Daily Dispatches

10:50p ET Sunday, June 20, 2004

Dear Friend of GATA and Gold:

Encouraging commentaries by Clive Maund and Richard
Russell have been posted at 321Gold.

Maund's is here:

http://www.321gold.com/editorials/maund/maund062104.html

Russell's is here:

http://www.321gold.com/editorials/russell/russell062104.html

Read more about James Turk: The Fed is trying to talk inflation away

Chinese bank begins physical gold trade in Beijing and plans expansion

Submitted by cpowell on Tue, 2004-06-22 03:00 Section: Daily Dispatches

8:19a ET Tuesday, June 22, 2004

Dear Friend of GATA and Gold:

James Turk, editor of the Freemarket Gold & Money
Report, proprietor of GoldMoney.com, and consultant
to GATA, writes that the Federal Reserve's
propaganda about inflation -- it's not a problem --
doesn't match the data. You can find Turk's
analysis in the "Founder's Commentary" box at the
top left of the GoldMoney home page here:

Read more about Chinese bank begins physical gold trade in Beijing and plans expansion

Ted Butler: Report shows metals dealers closing their short positions

Submitted by cpowell on Tue, 2004-06-22 03:00 Section: Daily Dispatches

Bank eyes consumer gold rush

By Liu Jie
China Daily, Beijing
Wednesday, June 23, 2004

http://www.chinadaily.com.cn/english/doc/2004-06/23/content_341679.htm

Beijingers yesterday became able to buy and sell gold
bars at a bank, opening a convenient and flexible new
investment tool to help citizens manage their assets.

Read more about Ted Butler: Report shows metals dealers closing their short positions

''Midas'' commentary for June 18 posted in the clear at GoldSeek

Submitted by cpowell on Sun, 2004-06-20 03:00 Section: Daily Dispatches

4p ET Saturday, June 19, 2004

Dear Friend of GATA and Gold:

GoldMoney proprietor James Turk, editor of the Freemarket
Gold & Money Report and consultant to GATA, has gotten
out his charts again and concludes that gold is building
a base for a run beyond $400. You can find Turk's analysis
in the "Founder's Commentary" box at the top left of the
GoldMoney home page here:

http://goldmoney.com