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French finance minister proposes gold sales by Bank of France
AN OPEN LETTER TO JESSICA CROSS,
MANAGING DIRECTOR OF VIRTUAL METALS,
FROM GATA CHAIRMAN BILL MURPHY
Monday, May 3, 2004
Dear Ms. Cross:
Since it advocates a free market in gold, the
organization I chair, the Gold Anti-Trust Action
Committee Inc., is often distressed by your
commentary about the gold market, which seldom
fails to disparage investment interest in gold.
Your new remark about gold demand in India -- that
the market there is showing signs of "structural
contraction" -- quoted tonight at MineWeb.com ...
(http://www.mineweb.net/events/conferences/2004/global_mining/319837.h
tm)
... is especially contrary to GATA's information,
such as the followingexcerpts from gold market
analyst John Brimelow, as quoted in my own
commentary tonight at LeMetropoleCafe.com:
"Indian ex-duty premiums: AM $11.42, PM $12.37,
with world gold at $388.10 and $388. Very high,
far above legal import point. Reuters carries a
story today deadlined Bombay confirming the
magnitude of the surge in activity:
"Traders said ... the country witnessed heavy
retail purchasing in the past two weeks. ... 'The
last two weeks have been fabulous,' said Ranjeeth
Rathod, a bullion dealer based in the southern
city of Madras. 'We have done business of two
months in just 15 days.'
"India has been gold-booming all year due to
its strong markets and elevated rupee."
So I invite you to a public debate in New York
in the presence of the financial press to argue
gold market issues like these.
GATA will cover your travel and lodging expenses
and those of a friend or colleague to assist you
if you so desire.
I look for forward to hearing from you soon.
BILL MURPHY, Chairman
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
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RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
http://www.cbs.marketwatch.com
http://www.capitalupdates.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kuik.com/KH/KH.html
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
Subscription site:
http://www.lemetropolecafe.com/
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Centennial Precious Metals
3033 East 1st Ave.
Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
http://www.eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
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http://www.gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
http://www.mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
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