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Daily Dispatches
South African gold production falls nearly 13 percent
Submitted by cpowell on Mon, 2005-05-30 03:00 Section: Daily Dispatches12:28p ET Monday, May 31, 2005
Dear Friend of GATA and Gold:
For more on the devastation impending in the gold
mining industry in South Africa and the likely drop
in gold production and employment there, MiningMX
offers a report by David McKay here:
http://www.miningmx.com/gold_silver/444942.htm
CHRIS POWELL, Secretary/Treasurer
Bank of Canada''s governor warns of worldwide economic imbalances
Submitted by cpowell on Mon, 2005-05-30 03:00 Section: Daily DispatchesSouth African Q1 Gold Output
Falls 12.8 Percent on Rand
From Reuters
Monday, May 30, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=businessNews&localeKey=en_ZA&storyID=8642333
JOHANNESBURG -- Gold output in South Africa, the world's biggest
producer, extended its decline in the first quarter, falling 12.8
USAGold compiles Fed Chairman Greenspan''s exchanges with Rep. Ron Paul
Submitted by cpowell on Sun, 2005-05-29 03:00 Section: Daily DispatchesNY AG Spitzer Files Suit Against AIG,
Says Fraud Was Used to Boost Stock Price
By Michael Gormley
Associated Press
Thursday, May 26, 2005
http://biz.yahoo.com/ap/050526/aig_probe.html?.v=12
ALBANY, N.Y. -- New York Attorney General Eliot Spitzer on Thursday
filed a civil suit against American International Group Inc.,
accusing the nation's largest insurance company and two former top
Sprott''s Embry tells Canada''s ROB-TV about BIS gold derivatives report
Submitted by cpowell on Sun, 2005-05-29 03:00 Section: Daily Dispatches1:46a ET Sunday, May 29, 2005
Dear Friend of GATA and Gold:
USAGold has compiled and posted all the exchanges
between Federal Reserve Chairman Alan Greenspan and
U.S. Rep. Ron Paul, R-Texas, a member of the House
Financial Services Committee, during Greenspan's
appearances before the committee from 1997 through
2004.
These exchanges include much interesting comment about
gold and the international monetary system but,
Gulf Cooperation Council urged to peg its regional currency to gold
Submitted by cpowell on Sun, 2005-05-29 03:00 Section: Daily Dispatches12:33a ET Sunday, May 28, 2005
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment strategist,
John Embry, got an hour on Canada's Report on
Business Television last Thursday and in the opening
few minutes called Canada's attention to the recent
explosion in gold derivatives as reported by the Bank
for International Settlements. This, Embry said, is
powerful evidence of intervention against gold but,
Citigroup to be fined for ''control failures,'' not market manipulation
Submitted by cpowell on Sun, 2005-05-29 03:00 Section: Daily DispatchesGCC Urged to Peg Its Currency to Gold
P.V. Vivekanand
Arab News
Jeddah, Saudi Arabia
Sunday, May 29, 2005
http://www.arabnews.com/?page=6ion=0&article=64538&d=29&m=5&y=2005
SHARJAH, Saudi Arabia -- The Gulf Cooperation Council
should peg its proposed currency to gold rather than
the American dollar or euro in view of the currency
Bloomberg''s weekly survey is favorable to gold and quotes GATA''s James Turk
Submitted by cpowell on Sun, 2005-05-29 03:00 Section: Daily DispatchesUK FSA to Fine Citigroup
for Bond Trade Control Failure
By Alistair MacDonald and Dhara Ranasinghe
Reuters
Friday, May 27, 2005
http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=8630141
LONDON -- Britain's Financial Services Authority (FSA) will not
charge Citigroup with market manipulation for a controversial
New York sues AIG, charging fraud was used to boost stock price
Submitted by cpowell on Thu, 2005-05-26 03:00 Section: Daily DispatchesFrom Reuters
Wednesday, May 25, 2005
_http://www.reuters.co.za/locales/c_newsArticle.jsp;:42946425:ff173fdb917366b2
?type=businessNews&localeKey=en_ZA&storyID=8600404_
(http://www.reuters.co.za/locales/c_newsArticle.jsp;:42946425:ff173fdb917366b2?t\
Gold production is most important to poor nations, World Gold Council says
Submitted by cpowell on Wed, 2005-05-25 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, May 24, 2005
The most recent commitment of traders (COT) report confirmed the
continued powerfully bullish market structure in COMEX silver. For
three weeks running the dealers have maintained their lowest net
short position in years as the tech funds have abandoned the long
side and have rushed to the short side in silver. As such, the
downside remains limited and the upside wide open.
GATA plans presentation at Vancouver conference June 12 and 13
Submitted by cpowell on Tue, 2005-05-24 03:00 Section: Daily DispatchesIntervention against Gold Rising Sharply,
GATA Says, Citing New Derivatives Report
GATA press release
via Business Wire
Monday, May 23, 2005
http://home.businesswire.com/portal/site/google/index.jsp?
ndmViewId=news_view&newsId=20050523005408&newsLang=en
DALLAS -- Government intervention against the gold price has risen