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Daily Dispatches
Producers hasten hedge reductions, so where is all the new gold coming from?
Submitted by cpowell on Thu, 2004-09-16 03:00 Section: Daily DispatchesBy Theodore Butler
Wednesday, September 15, 2004
www.InvestmentRarities.com
The market structure, as defined this week by the
COTs, continues to explain the short-term movements
in gold and silver. As usual, the recent decline in
prices has been caused by technical hedge fund
liquidation. This should be obvious to everyone,
including the silver miners. The 80-cent selloff in
silver was telegraphed and orchestrated by the
Metal Bulletin features GATA chairman and some of his anonymous critics
Submitted by cpowell on Thu, 2004-09-16 03:00 Section: Daily Dispatches.... It's multiple choice:
A) The Gartman Letter.
B) Tim Wood.
C) Central banks and bullion banks working
furiously together to keep the gold price
down.
* * *
Producer De-Hedging Accelerates in 2004
Business Day, South Africa
Thursday, September 16, 2004
http://www.bday.co.za/bday/content/direct/1,3523,1705567-6078-
Really, why does the Justice Department even need an Anti-Trust Division?
Submitted by cpowell on Thu, 2004-09-16 03:00 Section: Daily DispatchesBuried Treasure
By Josephine Mason
Metal Bulletin
www.MetalBulletin.com
September 12, 2004
Bill Murphy is fired up. He's been fired up for a
good five years now -- ever since he claims to have
unearthed evidence that the price of gold was being
suppressed by a gold "cartel," operated by global
financial institutions, including the U.S. Federal
Reserve and the International Monetary Fund.
The Gartman Letter sneers at GATA, and a reply
Submitted by cpowell on Wed, 2004-09-15 03:00 Section: Daily DispatchesBy Hugo Salinas Price
For The Daily Reckoning
Tuesday, September 14, 2004
http://www.dailyreckoning.com/
The last Mexican economic debacle of 1994-1995 prompted
my search for monetary stability.
Intuitively, I first thought of gold, but I reached the
conclusion that the enmity of the United States and of
the IMF toward the monetization of gold would make that
Canada''s National Post reports at length on the Sprott report
Submitted by cpowell on Tue, 2004-09-14 03:00 Section: Daily Dispatches11p ET Monday, September 13, 2004
Dear Friend of GATA and Gold:
Julian D.W. Phillips, editor of the Gold -- Authentic
Money newsletter, offers some informed speculations
on the next central bank gold agreement, which is
expected to be announced at the International Monetary
Fund meeting in October. Phillips observes that gold
increasingly looks like a superior reserve asset, the
last thing anyone should be selling right now, and you
Citigroup regrets getting caught rigging a market without a government partner
Submitted by cpowell on Tue, 2004-09-14 03:00 Section: Daily DispatchesPrice of Gold Manipulated, Embry Says;
Central Banks Dumping; Sprott Manager
Ruffling Feathers on Bay Street Again
Drew Hasselback
Financial Post (National Post), Toronto
Tuesday, September 14, 2004
http://www.canada.com/national/nationalpost/financialpost/investing/st
ory.html?id=b7c0524a-f822-4d75-a02f-4edf7c80daba&page=1
Hugo Salinas Price: Libertad, or how good money might drive out bad money
Submitted by cpowell on Tue, 2004-09-14 03:00 Section: Daily Dispatches8:53p ET Tuesday, September 14, 2004
Dear Friend of GATA and Gold:
The headline on this Reuters story is not as
descriptive as it might be. A better headline
might say: "Citigroup Regrets Getting
Caught Rigging a Market Without Having a
Government Agency as a Partner."
But the story should be enough to give
second thoughts to anyone who is intellectually
honest and doesn't believe that big financial
For Americans, having gold and silver stashed away isn''t going to be enough
Submitted by cpowell on Mon, 2004-09-13 03:00 Section: Daily Dispatches2:25p ET Sunday, September 12, 2004
Dear Friend of GATA and Gold:
GoldMoney proprietor James Turk, editor of the
Free Market Gold & Money Report and consultant
to GATA, has gotten out his U.S. dollar chart
again in new analysis posted at GoldMoney.com.
He finds that the dollar is in a trading range
in a bear market, and he concludes that there's
a reason for this that has nothing to do with
Italian central bank says it doesn''t plan any gold sales
Submitted by cpowell on Mon, 2004-09-13 03:00 Section: Daily DispatchesSpeeches Ignore Impending
U.S. Debt Disaster;
No Mention of Fiscal Gap,
Estimated as High as $72 Trillion
By Caryolyn Lochhead
San Francisco Chronicle
Sunday, September 12, 2004
http://www.sfgate.com/cgi-bin/article.cgi?
file=/chronicle/archive/2004/09/12/MNG2S8NOI21.DTL
WASHINGTON -- The first of the 77 million-strong Baby
Boom generation will begin to retire in just four years.
Julian Phillips: Speculation on the next central bank gold agreement
Submitted by cpowell on Mon, 2004-09-13 03:00 Section: Daily Dispatches10p ET Monday, September 13, 2004
Dear Friend of GATA and Gold:
We've not been able to locate an Internet
link for the English version of the Reuters
story below, but we HAVE located an Internet
link for the Italian version of the story,
also appended, and so it is confirmed.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Italian Central Bank Says
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