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Daily Dispatches
James Turk: Inflation is rising and the trend for gold remains up
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily DispatchesBill Coming Due
By Paul Tharp
New York Post
Friday, May 14, 2004
http://www.nypost.com/business/20852.htm
Price tag shock is heading into stores by Memorial Day
due to soaring wholesale prices, with dairy prices
jumping to their highest levels in 58 years.
Retailers also are suffering a new shopping slump after
their biggest boom in a year and could get hit harder
James Grant: Encouraging debt, Fed itself has created threat of deflation
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily Dispatches10:13a ET Sunday, May 16, 2004
Dear Friend of GATA and Gold:
James Turk, editor of The Freemarket Gold & Money
Report, proprietor of GoldMoney, and consultant to
GATA, has posted a new analysis of the gold price
at the GoldMoney Internet site. He writes that
inflation is rising, that the gold price remains
firmly in its upward channel despite the recent
decline, and that the recent decline was
Clive Roffey: If you don''t buy metals now, you''ll hate yourself in six months
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily DispatchesLow Rates, High Expectations
By James Grant
The New York Times
Sunday, May 16, 2004
http://www.nytimes.com/2004/05/16/opinion/16GRAN.html
Inflation is returning to the American checkout counter
under the unlikely sponsorship of the Federal Reserve.
For the past year, the Fed has been striving to make
the dollar buy less. It's well on its way to succeeding,
Fannie Mae is too big to fail, and thus too big to tell the truth
Submitted by cpowell on Sun, 2004-05-16 03:00 Section: Daily Dispatches6:10p ET Sunday, May 16, 2004
Dear Friend of GATA and Gold:
Clive Roffey couldn't be more enthusiastic about gold,
silver, and their mining shares. You can find his
commentary at Gold-Eagle here:
http://www.gold-eagle.com/editorials_04/roffey051604.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Smart Money magazine reports on gold, GATA, and price suppression
Submitted by cpowell on Sat, 2004-05-15 03:00 Section: Daily Dispatches8p ET Friday, May 14, 2004
Dear Friend of GATA and Gold:
David Bond's new Wallace (Idaho) Street Journal
commentary, posted at 321Gold.com, pays
tribute to Silver Standard Resources for
recognizing that its product is MONEY, to be
held as savings and as cash without apology:
CFTC responds to complaints of manipulation in the silver market
Submitted by cpowell on Sat, 2004-05-15 03:00 Section: Daily Dispatches10:39a ET Saturday, May 15, 2004
Dear Friend of GATA and Gold:
Gold and GATA are the subjects of a beautifully
illustrated six-page report in the June edition
of Smart Money magazine, which arrived on
newsstands this week.
The report is titled "Return of the Goldbugs,"
and while it dismisses the long-term prospects
for the gold price, it identifies conditions
contributing to gold's rise, anoints GATA
Jim Sinclair: I''m fighting mad because the Gold Community has been had
Submitted by cpowell on Sat, 2004-05-15 03:00 Section: Daily Dispatches9:41a ET Saturday, May 15, 2004
Dear Friend of GATA and Gold:
Michael Gorham, director of the Division of Market
Oversight of the Commodity Futures Trading
Commission, has written a long open letter to
investors who have complained to the CFTC about
price manipulation in the silver market.
Gorham's letter is arbitrarily dismissive in some
ways, evasive in others, and its conclusion is
David Bond: Three cheers for Silver Standard
Submitted by cpowell on Fri, 2004-05-14 03:00 Section: Daily DispatchesGold seen consolidating above $372
despite Saudi remarks on sales
http://www.forbes.com/markets/newswire/2004/05/13/rtr1370108.html
LONDON, May 13 (Reuters) -- Gold dropped in Europe on
Thursday morning, with the market tracking the euro down,
but prices were expected to consolidate above $372 an
ounce as dealers tried to glean clues about the U.S.
Barrick, contradicting itself, loses motion to add defendants in Blanchard case
Submitted by cpowell on Thu, 2004-05-13 03:00 Section: Daily DispatchesBy Bloomberg News Service
Wednesday, May 12, 2004
The introduction of gold-backed shares in the United States
has been delayed because of a longer than expected review
by securities regulators, said Bobby Godsell, chief executive
of AngloGold Ashanti, the world's second-largest gold
producer.
World Gold Trust Services, a subsidiary of the
producer-funded World Gold Council in London, said in May
Richard Appel: Gold and silver will be up again but it may take a while
Submitted by cpowell on Thu, 2004-05-13 03:00 Section: Daily Dispatches5:27p ET Thursday, May 13, 2004
Dear Friend of GATA and Gold:
Blanchard & Co., the New Orleans coin and
bullion dealer, announced today that it has
defeated a motion by Barrick Gold to add about
20 bullion banks and 75 gold producers as
defendants in Blanchard's gold price-fixing
lawsuit in federal court in New Orleans.
In a statement to its employees, Blanchard
said Barrick had based its motion on a claim
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