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Daily Dispatches
War is a ''weapon of mass distraction'' against gold
Submitted by cpowell on Fri, 2003-03-21 03:00 Section: Daily Dispatches9:06p ET Friday, March 21, 2003
Dear Friend of GATA and Gold:
As horrible as gold's beating was today, the day may have
had a couple of consolations.
First, surreptitious, coordinated, and ruthless official
intervention against gold may have been so obvious today
as to require acknowledgement by the mining industry.
(OK, I'm not exactly holding my breath.)
And second, a new essay by GATA consultant Robert K.
GATA to make presentation at Montreal Resource Investment Conference
Submitted by cpowell on Fri, 2003-03-21 03:00 Section: Daily Dispatches10:22p ET Friday, March 21, 2003
Dear Friend of GATA and Gold:
More commentary of interest tonight....
Gold Fields CEO Ian Cockerill, quoted at MineWeb,
sees the war on Iraq as a quot;weapon of mass distractionquot;
that changes nothing about the elements in the world
economy favoring a higher gold price. You can find
Cockerill's remarks here:
a href=http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B248256CEF003F78ht...
Japan says it has agreement with U.S. for intervention in markets
Submitted by cpowell on Wed, 2003-03-19 03:00 Section: Daily Dispatches8:30p ET Tuesday, March 19, 2003
Dear Friend of GATA and Gold:
Thanks to our friends who forwarded today the
Bloomberg dispatches appended here, which
suggest that the big difference between the
U.S. markets and European and Asian markets
is that the European and Asian governments
admit to manipulating their markets, while
the U.S. government uses intermediaries and
hides behind the shadowy Exchange
Only United States pretends there is no market manipulation anymore
Submitted by cpowell on Wed, 2003-03-19 03:00 Section: Daily DispatchesUS and Japan to protect markets
BBC News
Wednesday, March 19, 2003
a href=http://news.bbc.co.uk/1/hi/business/2863051.stmhttp://news.bbc.co.uk/1/h...
Just days ahead of a war, the United States and Japan are
prepared to co-operate to support the financial markets if
there is a crisis.
A deal was struck last week in the United States between
a former Japanese finance minister and the head of the
GATA supporters invited to lunch with author of ''Pieces of Eight''
Submitted by cpowell on Wed, 2003-03-19 03:00 Section: Daily DispatchesOops! He really shouldn't have said that, should he?
By Sean Corrigan
a href=http://www.capital-insight.comhttp://www.capital-insight.com/a
March 20, 2003
Not content with moves to restrict short selling, to allow
companies to break rules applying to share buybacks, to
sell their currency, and to mobilize state pension monies
massively to move the Nikkei off yet another 20-odd year
Evidence of gold and silver price rigging found in lease rate spikes
Submitted by cpowell on Wed, 2003-03-19 03:00 Section: Daily Dispatches10:37p ET Wednesday, March 19, 2003
Dear Friend of GATA and Gold:
Our friend Larry Parks, executive director of the
Foundation for the Advancement of Monetary Education,
invites GATA supporters to a luncheon talk by Edwin
Vieira, author of quot;Pieces of Eight: The Legal
History of the U.S. Monetary System,quot; in New York
City on next Tuesday, March 25. The invitation is
appended here.
James Turk''s new essay: ''This May Be the Low''
Submitted by cpowell on Wed, 2003-03-19 03:00 Section: Daily Dispatches11p ET Wednesday, March 19, 2003
Dear Friend of GATA and Gold:
Check out Alex Wallenwein's new essay at Gold-Eagle,
quot;Lease Rate Spikes Prove Gold and Silver Price Rigging.quot;
You can find it here:
a href=http://www.gold-eagle.com/editorials_03/wallenwein032003.htmlhttp://www....
CHRIS POWELL, Secretary/Treasurer
U.S. market rigging gets noticed in London Evening Standard
Submitted by cpowell on Tue, 2003-03-18 03:00 Section: Daily Dispatches1:08p ET Monday, March 17, 2003
Dear Friend of GATA and Gold:
There's a lot of gold market commentary at CBSMarketWatch
today.
Thom Calandra speculates favorably on the gold price, as
forecast by the performance of various currencies:
a href=http://cbs.marketwatch.com/news/story.asp?guid=http://cbs.marketwatch.co...
8F1C-66CC3324C8E7amp;siteid=mktwamp;dist=nbs
Gold miners are closing hedges faster than central banks are selling
Submitted by cpowell on Tue, 2003-03-18 03:00 Section: Daily DispatchesPlunge protection and rallying shares
By Anthony Hilton
Evening Standard, London
March 18, 2003
a href=http://www.thisislondon.com/news/business/articles/timid60605http://www....
Stock markets rallied last week because it looked as if war
with Iraq was going to be postponed. Yesterday the markets
rallied because it looked like the war was about to begin.
Market manipulation is done openly in Asia and Europe but not in U.S.
Submitted by cpowell on Tue, 2003-03-18 03:00 Section: Daily Dispatches1:09p ET Tuesday, March 19, 2003
Dear Friend of GATA and Gold:
MineWeb today reports on a study in Gold Hedging
Indicator, a quarterly publication, that has concluded
that gold mining companies reduced their gold
hedging in 2002 by more gold than was sold by
central banks. One analyst is quoted as calling this
a quot;seismic shift in the nature of gold mining
companiesquot; and an indication of future strength in
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