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Daily Dispatches
Richard Appel: We''ve been here before but what short memories we have
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches2:07p ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
TheBullionDesk.com has posted my reply
to David Walker's open letter of
yesterday, but while Walker's open
letter was posted at the top of the
Internet site's home page with a big
headline all day, the reply has been
buried among the press releases that
quickly roll off the bottom of the
page and into the archive.
You can find my reply here:
AngloGoldAshanti''s Williams suggests that central banks regulate the gold price
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily DispatchesBy Dr. Richard S. Appel
www.financialinsights.org
Thursday, December 9, 2004
Most of the below commentary was written prior
to Wednesday's $15 gold price collapse. However,
it still remains applicable and further strengthens
my belief that important buying points are
approaching for both gold and the gold equities.
The current disconnect between the price action
of gold and the major and junior gold stocks has
Argentina opens a Museum of Foreign Debt; can one in Washington be far behind?
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches8:38p ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
David McKay of MiningMX.com today posts an
important interview with AngloGoldAshanti's
marketing director, Kelvin Williams, who all
but declares that central banks are trying
to regulate the gold price.
From the interview:
"Williams also said central bank attitudes toward
gold had changed because its profile as a store
Sweet dreams, courtesy of Rick Ackerman and John Mackenzie
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily DispatchesArgentina's Debt Museum Is Set
To Tackle Woeful Financial Past
By Suzelle Tempero
of Dow Jones Newswires
The Wall Street Journal
Wednesday, December 8, 2004
BUENOS AIRES -- When tourists in Buenos Aires tire
of the usual museum fare of tango, Evita, and Argentine
art, they can delve into a more academic topic: the
country's staggering external debt.
Set to open in March at the University of Buenos Aires,
Tim W. Wood: Dump gold because it badly lags the CRB Index this time
Submitted by cpowell on Thu, 2004-12-09 03:00 Section: Daily Dispatches9:27p ET Thursday, December 9, 2004
Dear Friend of GATA and Gold:
Stick your head up long enough to read Rick
Ackerman's commentary tonight, which quotes
John Mackenzie unrepentantly repeating his
prediction of an imminent reverse in the gold
price that will take it up to $556. You can
find it at GoldSeek here:
Reg Howe: Central banks at the abyss
Submitted by cpowell on Wed, 2004-12-08 03:00 Section: Daily Dispatches10:42p ET Tuesday, December 7, 2004
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood examines the questions
about the security of the gold in the World Gold
Council's exchange-traded bullion fund and finds
that James Turk and GATA have landed an unlikely
ally in the financial establishment: Mitsui's Andy
Smith, never considered much of a friend of gold as
an investment.
Smith calls the bullion fund "a paper claim based on
GATA Chairman Murphy''s ''Midas'' commentary for Dec. 8 posted at GoldSeek.com
Submitted by cpowell on Wed, 2004-12-08 03:00 Section: Daily Dispatches10:49a ET Wednesday, December 8, 2004
Dear Friend of GATA and Gold:
Reginald H. Howe, proprietor of the Golden Sextant
Internet site and consultant to GATA, has just
completed a new analysis of the monetary situation,
"Deja Vu: Central Banks at the Abyss." It examines
the prospects for what Howe calls MAD money -- as
in "mutual assured destruction." You can find it
at the Golden Sextant home page here:
OPEC sharply reduces dollar exposure
Submitted by cpowell on Tue, 2004-12-07 03:00 Section: Daily Dispatches11:33p ET Monday, December 6, 2004
Dear Friend of GATA and Gold:
If you've already helped GATA, please discard this
dispatch. (You know who you are, R.McD., J.G., D.S.,
J-P.S., H.B., M.K., M.R., J.P., H.S.P., and the
rest. ...)
If you have NOT helped GATA yet, please read on and
consider helping us now.
We're not very attentive to fund-raising and thus too
often have relied again and again on the same people.
Bullion Desk sneers at questions it dares not report
Submitted by cpowell on Tue, 2004-12-07 03:00 Section: Daily DispatchesBy Steve Johnson and Javier Blas
Financial Times, London
Monday, December 6, 2004
http://news.ft.com/cms/s/67f88f7c-47cb-11d9-a0fd-00000e2511c8.html
LONDON -- Oil exporters have sharply reduced
their exposure to the US dollar over the past three
years, according to data from the Bank for
International Settlements.
Ted Butler: China trades oil (badly)
Submitted by cpowell on Tue, 2004-12-07 03:00 Section: Daily Dispatches4:15p ET Tuesday, December 7, 2004
Dear Friend of GATA and Gold:
TheBullionDesk.com today posted an unsigned
editorial defending the World Gold Council's
exchange-traded bullion fund against criticism
and questions from GATA and its consultant,
James Turk, editor of the Freemarket Gold &
Money Report and founder of GoldMoney.
The Bullion Desk's commentary, headlined
"Allegations About Gold ETF by James Turk