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Daily Dispatches
Market-rigging verdict against beef packer is encouraging for Blanchard case
Submitted by cpowell on Tue, 2004-02-17 03:00 Section: Daily Dispatches9p ET Tuesday, February 17, 2004
Dear Friend of GATA and Gold:
GATA is in the market-liberation business, not the
investment advice business. But when liberating a
market also presents an investment opportunity,
GATA may be obliged to point it out. So appended
is an excerpt from GATA Chairman Bill Murphy's
quot;Midasquot; commentary tonight at LeMetropoleCafe.com,
reporting a special offer made to GATA supporters
Ted Butler: NYMEX/COMEX start to sweat, so let''s keep the pressure on
Submitted by cpowell on Mon, 2004-02-16 03:00 Section: Daily Dispatches10p ET Saturday, February 14, 2004
Dear Friend of GATA and Gold:
As you'll see from the Reuters stories below, Germany
again is talking about selling gold reserves, just hours
after there were strong indications of intervention in
the currency markets to weaken the euro against the
dollar. These are often reliable signals of dangerous
stress in the currency markets and the need of the
central banks to scare gold buyers.
Bill Fleckenstein: The seven stages of a dollar crisis
Submitted by cpowell on Mon, 2004-02-16 03:00 Section: Daily DispatchesBy Theodore Butler
When I first read the following press release from the
NYMEX/COMEX I was angry. Then I realized that this
was a time for pushing ahead in a professional and
logical manner, as the stakes were too important.
First, here's the press release.
* * *
Exchange Expands Retail Customer Protection
NEW YORK, Feb. 12, 2004 -- The New York Mercantile Exchange
Inc. today established additional retail customer protections
At CBSMarketWatch, gold''s Indian rope trick and a report on bullion funds
Submitted by cpowell on Mon, 2004-02-16 03:00 Section: Daily DispatchesThe seven stages of a dollar crisis --
... 'Experts' simplistically tout a weak dollar
as good news. No wonder many regular folks
are unaware that its dramatic decline could
spell real trouble.
By Bill Fleckenstein
a href=http://moneycentral.msn.com/content/P72747.asphttp://moneycentral.msn.co...
Along the way to a full-blown crisis, the steps leading up to
Gold''s rise and dollar''s fall are actually accelerating, GoldMoney''sTurk reports
Submitted by cpowell on Sat, 2004-02-14 03:00 Section: Daily DispatchesBy James Turk, Editor
The Freemarket Gold amp; Money Report
Letter No. 339
February 9, 2004
Copyright 2004, The Freemarket Gold amp; Money Report
Republished by permission
New Hampshire made history this week. It is the first state
since President Roosevelt's gold confiscation in 1933 to
attempt the praiseworthy goal of returning to constitutional
money -- gold and silver coin. I am honored that I had a
Important commentaries by Jim Sinclair
Submitted by cpowell on Sat, 2004-02-14 03:00 Section: Daily Dispatches9:40a ET Saturday, February 14, 2004
Dear Friend of GATA and Gold:
GoldMoney proprietor James Turk, editor of The
Freemarket Gold amp; Money Report, has done
more great technical analysis of the gold price
and the dollar. With charts he shows that
despite the rude treatment of gold Friday, its
upward trend is actually accelerating, just as
the dollar's downward trend is.
You can find Turk's analysis in the quot;Founder's
Time again for central banks to scare gold buyers
Submitted by cpowell on Sat, 2004-02-14 03:00 Section: Daily Dispatches10a ET Saturday, February 14, 2004
Dear Friend of GATA and Gold:
Jim Sinclair posted important commentaries Friday,
particularly quot;Saved by the Weekendquot; and quot;Gold
Market Summary.quot; You can find them here after
scrolling down a little:
a href=http://www.jsmineset.com/http://www.jsmineset.com//a
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Barrick upholds hedge-cut pledge despite cost
Submitted by cpowell on Fri, 2004-02-13 03:00 Section: Daily Dispatches12:42a ET Thursday, Februay 12, 2004
Dear Friend of GATA and Gold:
Here's some great macro analysis by the brilliant
Jim Puplava of FinancialSense.com, an essay titled
quot;Looking for the Next Bubblequot;:
a href=http://www.financialsense.com/Market/archive/2004/0209.htmlhttp://www.fi...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Unrealized loss on Barrick''s gold hedging nears $2 billion
Submitted by cpowell on Fri, 2004-02-13 03:00 Section: Daily DispatchesBy Nicole Mordant
Reuters
a href=http://biz.yahoo.com/rm/040213/minerals_barrick_earns_1.htmlhttp://biz.y...
Friday, February 13, 2004
VANCOUVER, British Columbia -- Barrick Gold Corp. said
Friday it was prepared to lose out on higher gold prices on
a third of its output this year as it lives up to a promise
to wipe out its bulky hedge book.
A campaign to restore sound money in New Hampshire
Submitted by cpowell on Fri, 2004-02-13 03:00 Section: Daily Dispatches8:26p ET Friday, February 13, 2004
Dear Friend of GATA and Gold:
MineWeb's Tim Wood has an interesting account of
Barrick Gold's comments today about reductions in
its huge gold hedge book. Here's an especially
interesting excerpt:
quot;The reductions have been insufficient to stave off
ballooning unrealized losses on the hedge book,
though. It stood at a whopping mark-to-market loss
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