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Daily Dispatches
Dow Jones story quotes Ted Butler on silver: Forget Buffett, think fundamentals
Submitted by cpowell on Thu, 2004-05-06 03:00 Section: Daily DispatchesBy Jim Hawe
Dow Jones Newswires
Thursday, May 6, 2004
a href=http://sg.biz.yahoo.com/040506/15/3k1ga.htmlhttp://sg.biz.yahoo.com/0405...
TOKYO -- Is the world's second richest man turning
to silver again?
Recent comments by investor Warren Buffett have
added fuel to persistent rumors that the world's
wealthiest investor is looking to make another big
splash in the silver market.
Gold bear sees speculators fleeing; gold bulls cite dollar weakness
Submitted by cpowell on Thu, 2004-05-06 03:00 Section: Daily DispatchesBy Fiona Ortiz
Reuters
Thursday, May 6, 2004
a href=http://www.reuters.com/newsArticle.jhtml?storyID=5067338http://www.reute...
LIMA, Peru -- Analysts at a gold conference in Peru disagreed
strongly on Thursday over where the price of gold was headed,
with one expert predicting a sharp drop to $350-$360 per ounce
while others said it was on its way up to the $450 per ounce
World Gold Council''s bullion fund reports strong demand
Submitted by cpowell on Thu, 2004-05-06 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=5068072...
LIMA, Peru, May 6 (Reuters) -- Gold Bullion Securities saw
renewed demand for its new investment instrument in April,
after it relaunched a slightly revamped version of its
shares, each of which represents a tenth of an ounce of
gold, a GBS official said on Thursday.
Ted Butler: Silver dealers can win all the time only through collusion
Submitted by cpowell on Wed, 2004-05-05 03:00 Section: Daily DispatchesBy Ted Butler
May 4, 2004
The latest Commitments of Traders Report confirmed
the complete flush-out of the 100,000 tech fund gold
longs that were added just before the break in prices.
While tech funds were also flushed out in silver, it was
not as dramatic as in gold.
What was dramatic in silver was the actual fall in price.
Over a 13-trading day period, silver fell from just over $8
John Hathaway: Higher rates will kill the U.S. economy before killing gold
Submitted by cpowell on Wed, 2004-05-05 03:00 Section: Daily Dispatches10:50p ET Wednesday, May 5, 2004
Dear Friend of GATA and Gold:
John Hathaway, manager of the Tocqueville Gold Fund,
has written an essay titled quot;Interest Rates and 'the
Death of Gold,'quot; arguing that far from killing gold,
higher U.S. interest rates are likely to spell death
for the U.S. economy, which is built on oceans of
debt.
Hathaway writes:
quot;Anyone who thinks that the recent slaughter of
Victor Hugo: Debt problem will determine who wins, dollar or gold
Submitted by cpowell on Wed, 2004-05-05 03:00 Section: Daily DispatchesBy Christopher Mayer
Tuesday, May 4, 2004
http://www.dailyreckoning.com
The monetary world is one of competing devaluations,
currency blocs, exchange controls, political posturing and
jawboning -- in short, a sort of serial economic conflict.
Where once all money found a common denominator in some
metal, today's currency is fragmented money with an added
Six reasons why gold shares are still attractive
Submitted by cpowell on Wed, 2004-05-05 03:00 Section: Daily DispatchesBy Victor Hugo
Sunday Times, South Africa
Sunday, May 2, 2004
http://www.sundaytimes.co.za/2004/05/02/business/money/money02.asp
Markets will be driven in coming weeks by the impact
of Chinese credit tightening and the prospect of higher
interest rates in the US and the UK. The shares of
resources suppliers have been dumped as investors
French finance minister proposes gold sales by Bank of France
Submitted by cpowell on Tue, 2004-05-04 03:00 Section: Daily DispatchesAN 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
Mitsui''s Smith notes that gold lags commodities but is most uncurious about it
Submitted by cpowell on Tue, 2004-05-04 03:00 Section: Daily DispatchesFrom Business Report, South Africa
http://www.businessreport.co.za/index.php?
fSectionId=565&fArticleId=425463
By Agence France-Presse
Tuesday, May 4, 2004
PARIS -- France's finance minister Nicolas Sarkozy
proposed Tuesday that 500 to 600 tonnes of gold held
by the Bank of France be sold in the coming five years
after an agreement with the central bank.
China''s demand for raw materials won''t falter, mining specialists say
Submitted by cpowell on Tue, 2004-05-04 03:00 Section: Daily Dispatches6:23p ET Tuesday, May 4, 2004
Dear Friend of GATA and Gold:
Mitsui's precious metals expert, Andy Smith, has made
a presentation in London noting that the gold price has
not kept up with the price of commodities. Unfortunately
for those who seek understanding of the gold market,
this observation was for Smith simply an opportunity to
swagger in triumph rather than cause for serious
inquiry about what even he implicitly acknowledges as
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