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Daily Dispatches
As labor talks begin, 86 percent of S. African mines are running losses
Submitted by cpowell on Tue, 2005-06-14 03:00 Section: Daily Dispatches4:40p ET Monday, June 13, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's presentation to the
Vancouver gold conference today has been posted
at the GATA Internet site here:
http://www.gata.org/Murphy061305.html
And over at LewRockwell.com, veteran independent
journalist Anne Williamson offers two cheers for
the New York Times Magazine's recent commentary
Morgan Chase pays $2.2 billion for facilitating Enron fraud
Submitted by cpowell on Tue, 2005-06-14 03:00 Section: Daily DispatchesTough Wage Talks Launched
in South Africa Gold Sector
From Reuters
Tuesday, June 14, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp;:42aeda65:e542267d
3f7ef0?type=businessNews&localeKey=en_ZA&storyID=8785819
JOHANNESBURG -- South African mining employers and unions opened pay
talks on Tuesday and one union said reaching a settlement would be
Blanchard suit against Morgan withdrawn, apparently continues vs. Barrick
Submitted by cpowell on Mon, 2005-06-13 03:00 Section: Daily Dispatches1:44p ET Sunday, June 12, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk, founder of GoldMoney
and editor of the Free Market Gold & Money Report,
has gotten out his charts for a new analysis about
the gold price. It's titled "Approaching an
Important Breakout" and it says, in part:
"Money is now fleeing all national currencies,
seeking the safe haven offered by gold. It is this
GATA chairman''s speech in Vancouver, and Anne Williamson on the NYTimes
Submitted by cpowell on Mon, 2005-06-13 03:00 Section: Daily Dispatches3:36p ET Monday, June 13, 2005
Dear Friend of GATA and Gold:
Blanchard & Co., the New Orleans coin and bullion dealer,
has withdrawn its lawsuit against JPMorganChase charging
the New York financial house with manipulating the price
of gold, MorganChase announced today. A brief Reuters
story and the MorganChase press release on which it is
based are appended.
While it's not explicit, the Blanchard gold price
China considers shifting yuan''s link from dollar to group of currencies
Submitted by cpowell on Sun, 2005-06-12 03:00 Section: Daily Dispatches11:41a ET Saturday, June 11, 2005
Dear Friend of GATA and Gold:
As you'll see from the Associated Press story appended
here, the Group of Eight industrialized nations agreed
today simply to cancel $40 billion in debt owed by poor
nations and to do it without reference to the gold held
(or supposedly held) by the International Monetary Fund,
which Britain long had been proposing to sell to
GATA Chairman Murphy leaves U.S. unmolested and expects safe return
Submitted by cpowell on Sun, 2005-06-12 03:00 Section: Daily DispatchesChina Weighs Modest Currency Change
By Keith Bradsher
The New York Times
Friday, June 10, 2005
http://www.nytimes.com/2005/06/10/business/worldbusiness/10yuan.html
HONG KONG, June 9 -- China's political leadership is actively
considering breaking the 11-year link between the dollar and China's
currency, the yuan, and tying its value instead to a group of
James Turk: Gold approaches an important breakout point
Submitted by cpowell on Sun, 2005-06-12 03:00 Section: Daily Dispatches1:38p ET Sunday, June 12, 2005
Dear Friend of GATA and Gold:
Last Wednesday's dispatch about the free compact
disc with an interview of GATA Chairman Bill
Murphy suggested that he was about to have a long
vacation at U.S. government expense at Guantanamo
Bay in Cuba.
This was mere speculation at best, at worst your
secretary/treasurer's attempt at another joke.
In fact, Murphy successfully left the United States
Money for nothing: G8 cancels poor nations'' debt without IMF gold sales
Submitted by cpowell on Sat, 2005-06-11 03:00 Section: Daily DispatchesBy The Associated Press
Friday, June 10, 2005
http://biz.yahoo.com/ap/050610/citigroup_enron.html?.v=7
NEW YORK -- Citigroup Inc., the nation's biggest financial
institution, on Friday said it will pay $2 billion to settle a class-
action lawsuit over its role in the sale of Enron Corp. stock and
bonds before the energy company's collapse that cost investors
Treating U.S. after stock bubble, Fed helped create new threats
Submitted by cpowell on Fri, 2005-06-10 03:00 Section: Daily DispatchesBy Nicole Mordant
Reuters
Thursday, June 9, 2005
http://www.reuters.com/newsArticle.jhtml?
type=electionsNews&storyID=8744437
NEW YORK -- Hedging is no longer the black mark against a gold
producer's name that it was a year or two ago as hedged companies
have not gone bankrupt and investors have shifted their gaze to other
pressing industry concerns, two prominent gold industry participants
Citigroup paying $2 billion to settle Enron fraud lawsuit
Submitted by cpowell on Fri, 2005-06-10 03:00 Section: Daily DispatchesIn Treating U.S. After Bubble,
Fed Helped Create New Threats.
Low Rates Bolstered Economy,
But Housing, Foreign Debt
Appear Out of Balance.
Greenspan's Legacy at Stake.
By Greg Ip
The Wall Street Journal
Thursday, June9,2005
By many yardsticks, the Federal Reserve's response to the bursting
of the stock and tech-spending bubbles in 2000 has been a remarkable
success. The 2001 recession was mild and economic growth since has
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