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Daily Dispatches
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?
Wholesale prices reported sharply higher just after metals prices are smashed
Submitted by cpowell on Thu, 2004-04-22 03:00 Section: Daily DispatchesBy John Brimelow
CBSMarketWatch
Thursday, April 22, 2004
http://www.marketwatch.com/news/story.asp?
siteid=yhoo&dist=yhoosnap&guid=%7B5156846C%2DB1C3%2D439A%2DAF7B%
2DEEB86E95A8A8%7D&
NEW YORK -- Gold is back below $400 -- but it may be about
to perform its version of the Indian Rope Trick. Again.
I first reported on this phenomenon in a piece in February, when
Just bouncing off 200-day MA as Bernanke doubts rate rise and Barrick covers
Submitted by cpowell on Thu, 2004-04-22 03:00 Section: Daily Dispatcheshttp://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=4907981§ion=news
By Reuters
WASHINGTON, April 22 -- A big jump in food prices helped
push U.S. wholesale prices sharply higher last month, the
government said on Thursday in a report likely to sustain
budding inflation worries.
The Producer Price Index, which measures prices paid to
Take two aspirin and call your precious metals broker in the morning
Submitted by cpowell on Wed, 2004-04-21 03:00 Section: Daily DispatchesBy Theodore Butler
April 19, 2004
Shocking, yet expected. That's the only way to describe
the recent sharp selloff in silver and gold.
Shocking, because of the magnitude and suddenness of
the decline, as silver fell more in two days than at any time
in more than 15 years, and there were no real silver world
developments to explain it. Expected, because the only
reason for the decline should have been understood
Are the gold shorts trapped or not?
Submitted by cpowell on Wed, 2004-04-21 03:00 Section: Daily Dispatches9:54p ET Wednesday, April 21, 2004
Dear Friend of GATA and Gold:
Put down that gun! Or at least read some of the stuff
below before pulling the trigger.
Start with Jim Sinclair's "A Letter to the Gold
Community," which observes that everything happening
to the precious metals now happened to them during
their last big run. Sinclair's letter is, at this hour,
the second commentary down from the top of his site:
Federal Reserve hints about higher interest rates send dollar up, gold down
Submitted by cpowell on Tue, 2004-04-20 03:00 Section: Daily Dispatches10:23p ET Sunday, April 18, 2004
Dear Friend of GATA and Gold:
As a public service to a demoralized precious
metals community, GATA Chairman Bill Murphy's
special Sunday "Midas" commentary at
LeMetropoleCafe.com has just been posted in
the clear at GoldSeek.com here:
Central bank gold sales are bullish again, Sinclair says; Amex lists Seabridge
Submitted by cpowell on Tue, 2004-04-20 03:00 Section: Daily DispatchesTuesday, April 20, 2004
NEW YORK (Dow Jones/AP) -- The dollar jumped across
the board Tuesday, hitting fresh five- month highs
against the euro and Swiss franc, after upbeat
remarks on the economy from Federal Reserve Chairman
Alan Greenspan further fueled speculation about a
Federal Reserve rate hike this summer.
Dallas Fed President Robert McTeer got the ball rolling
in U.S. trading, saying that interest rates could rise
Ted Butler: Silver miners must respond to the wolf pack of the shorts
Submitted by cpowell on Tue, 2004-04-20 03:00 Section: Daily DispatchesBy Jim Sinclair
Tuesday, April 20, 2004
http://www.jsmineset.com/home.asp
Gold sales by the French and Swiss national banks
represent a singular most BULLISH event. In the 1970
gold bull market, every ounce offered for sale at the
time was purchased. In this latest case, the buyers
will be Islamic and Asian and the sales will
memorialize the shift of economic influence away
Harmony and union form task force over potential job losses
Submitted by cpowell on Sun, 2004-04-18 03:00 Section: Daily Dispatches... perhaps as a rationalization for the
imminent exhaustion of central bank reserves.
* * *
Going, going, gold
Financial Times
Friday, April 16, 2004
http://news.ft.com/servlet/ContentServer?
pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1079420385759&p=101257
1727126
The barbarous relic, as Keynes called it, is crumbling to
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