Daily Dispatches

Hommel, Bond report on growing shortage of silver

Submitted by cpowell on Fri, 2008-08-15 08:37 Section: Daily Dispatches

8:30a ET Friday, August 15, 2008

Dear Friend of GATA and Gold:

As the U.S. Mint suspends sales of American eagle gold coins, Silver Stock Report's Jason Hommel reports many telling new details about the growing shortage of silver. Hommel's commentary is headlined "What the Silver Shortages Mean" and you can find it here:

http://silverstockreport.com/2008/shortagesmean.html

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Goldman Sachs slashes gold forecast

Submitted by cpowell on Fri, 2008-08-15 00:45 Section: Daily Dispatches

By Frank Tang
Reuters
Thursday, August 14, 2008

http://www.reuters.com/article/hotStocksNews/idUSN1432180620080814?sp=true

NEW YORK -- Goldman Sachs slashed its forecast on gold prices on Thursday, citing overvalued bullion and expected strength of the dollar against major currencies.

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U.S. mint suspends gold coin sales; futures price is a fiction

Submitted by cpowell on Fri, 2008-08-15 00:27 Section: Daily Dispatches

12:25a ET Friday, August 15, 2008

Dear Friend of GATA and Gold:

The U.S. Mint has suspended sales of American eagle gold coins and is refusing orders from dealers, two coin and bullion dealers confirmed Thursday.

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Richard Daughty: The great variety of poor rich people

Submitted by cpowell on Thu, 2008-08-14 10:48 Section: Daily Dispatches

10:45a ET Thursday, August 14, 2008

Dear Friend of GATA and Gold:

Richard Daughty, general partner for Smith Consulting Group and writer for The Daily Reckoning, who is better known as the Mogambo Guru, makes favorable reference to five -- count 'em, five! -- GATA officers and consultants in his new commentary, "The Great Variety of Poor Rich People," which you can find at GoldSeek here:

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Jim Sinclair: European Central Bank intervention is out in the open

Submitted by cpowell on Wed, 2008-08-13 19:21 Section: Daily Dispatches

By Jim Sinclair
www.JSMineSet.com
Wednesday, August 13, 2008

Welcome back to the Bretton Woods Agreement: currency bands modernized and revitalized.

You would have to be blind not to see it. Today Jean-Claude Trichet, the European Central Bank president, returned to his strategy statement that inflation is a more compelling issue for the ECB than the level of economic activity.