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Daily Dispatches
China never banned new lending; more false news scared gold buyers
Submitted by cpowell on Thu, 2004-04-29 03:00 Section: Daily DispatchesBy Dr. Richard S. Appel
www.financialinsights.org
April 25, 2004
Gold, silver, gold and silver equities, as well as
numerous commodities suffered severe losses during the
past several days. Gold and silver, after posting highs
a few short weeks ago of $432 and nearly $8.50
respectively, struck their recent lows of $390 and $5.99.
Both the major gold and silver producers and their junior
Can a gold standard be resumed?
Submitted by cpowell on Thu, 2004-04-29 03:00 Section: Daily DispatchesChina Bank Authorities Deny Issuing Lending Ban
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4978949
BEIJING, April 29 (Reuters) -- China's banking regulator
and central bank denied on Thursday reports that they had
issued a ban on new lending.
"We have never asked them (banks) to stop making loans.
Bailing out Long-Term Capital Management: part of the Greenspan put?
Submitted by cpowell on Thu, 2004-04-29 03:00 Section: Daily Dispatches9:20p ET Thursday, April 29, 2004
Dear Friend of GATA and Gold:
A great conference seems to be shaping up for Thursday
and Friday, May 13 and 14, at the American Institute
for Economic Research in Great Barrington, Mass., up
in the beautiful Berkshires just south of Stockbridge
and the Massachusetts Turnpike, 35 miles west of
Springfield and 40 miles southeast of Albany.
The topic is "An Exploration of the Process of the
Only the Lonely: A tribute to Ted Butler
Submitted by cpowell on Thu, 2004-04-29 03:00 Section: Daily Dispatches11:12p ET Thursday, April 29, 2004
Dear Friend of GATA and Gold:
Market analyst and gold fan John Brimelow has studied
transcripts of the Federal Reserve's Open Market
Committee's meeting about the collapse of Long-Term
Capital Management and has concluded that the Fed's
intervention was probably one more function of the
fabled "Greenspan put," the erasure of responsibility
for U.S. financial powerhouses. Brimelow's essay
Committee for Monetary Research & Education focuses on gold at May 27 meeting
Submitted by cpowell on Wed, 2004-04-28 03:00 Section: Daily DispatchesLas Vegas Sun
Tuesday, April 27, 2004
http://www.lasvegassun.com/sunbin/stories/nevada/2004/apr/27/042710026
.html
RENO, Nev. (AP) -- Nevada mines produced 7.3 million
ounces of gold in 2003, a decrease of about 5 percent
from the previous year, the state Division of Minerals
reported.
But the agency said the calculated value of that gold
Recommended reading after a crushing day for gold and silver
Submitted by cpowell on Wed, 2004-04-28 03:00 Section: Daily Dispatches11:59p ET Tuesday, April 27, 2004
Dear Friend of GATA and Gold:
The spring dinner meeting of the Committee for Monetary
Research and Education, to be held in New York City on
Thursday, May 27, will have a special focus on gold. For
example, Tocqueville Gold Fund manager John Hathaway
will be among the speakers.
But precious metals fans who have begun to suspect that
they have stumbled over the secret knowledge of the
Steadying advice from Newmont President Pierre Lassonde
Submitted by cpowell on Wed, 2004-04-28 03:00 Section: Daily Dispatches10:09p ET Wednesday, April 28, 2004
Dear Friend of GATA and Gold:
Worth reading tonight:
* "Man the Lifeboats" by Jim Puplava at FinancialSense.com:
http://www.financialsense.com/editorials/fso/042804.html
* Also at FinancialSense.com, Mike Hartman's "Market
Wrapup," whose conclusion has some comments on silver:
Ted Butler: It''s unlikely that the dealer wolf pack wants to short silver again
Submitted by cpowell on Tue, 2004-04-27 03:00 Section: Daily Dispatches9:14p ET Monday, April 26, 2004
Dear Friend of GATA and Gold:
A federal judge has reversed the jury verdict against
Tyson Fresh Meats in the anti-trust case about which
GATA advised you on February 17:
http://groups.yahoo.com/group/gata/message/1899
A report about the judge's action is appended.
The case continues on appeal and still could end up
Nevada''s gold production down 5 percent, silver production down 24 percent
Submitted by cpowell on Tue, 2004-04-27 03:00 Section: Daily DispatchesBy Ted Butler
April 27, 2004
Like a guillotine, the commercial dealers beheaded the
tech fund longs in COMEX gold and silver over the past
week and a half. It was the tightly disciplined wolf pack's
finest moment, thereby making it the free market's worst.
Make no mistake -- there is a war for money and financial
survival in the metals that includes both yours and the
manipulators'. They won a key battle but in winning that
Norilsk wants to acquire the rest of Gold Fields
Submitted by cpowell on Mon, 2004-04-26 03:00 Section: Daily DispatchesBy Choy Leng Yeong
Bloomberg News Service
Sunday, April 25, 2004
http://www.bloomberg.com/news/markets/commodities.html
Gold may rise this week, ending four straight weekly
declines, on speculation the Federal Reserve will limit
any interest-rate increases this year, a Bloomberg
survey shows.
Twenty-one of 35 traders, investors, and strategists
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