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Daily Dispatches
Even without Rothschild, the fix is still in
Submitted by cpowell on Thu, 2004-05-06 03:00 Section: Daily DispatchesPricing Gold but No Longer Standing on British Tradition
By Bernard Simon
The New York Times
Thursday, May 6, 2004
a href=http://www.nytimes.com/2004/05/06/business/worldbusiness/06gold.htmlhttp...
Another piece of the British empire crumbled yesterday
when no one raised or lowered the Union Jack to set
the international price of gold.
Clif Droke: Fed is pumping so much into Wall Street that the market can''t crash
Submitted by cpowell on Thu, 2004-05-06 03:00 Section: Daily Dispatches1:34a ET Thursday, May 6, 2004
Dear Friend of GATA and Gold:
In quot;The Bears' Last Stand,quot; Gold Strategies Review editor
Clif Droke sounds a lot like GATA statistician Mike
Bolser, whose nightly analysis is quoted in Bill Murphy's
quot;Midasquot; commentary at LeMetropoleCafe.com. Bolser
says the Federal Reserve is providing enough money to
Wall Street to keep the Dow Jones Industrial Average on
James Turk: Dollar''s bear-market rally seems to be over
Submitted by cpowell on Thu, 2004-05-06 03:00 Section: Daily Dispatches8:52a ET Thursday, May 6, 2004
Dear Friend of GATA and Gold:
GoldMoney proprietor James Turk, editor of The
Freemarket Gold amp; Money Report and consultant
to GATA, observes that a bear-market rally in
the dollar appears to be over. You can find his
analysis in the quot;Founder's Commentaryquot; box at
the top left of the GoldMoney home page here:
Jim Sinclair: Don''t be fooled by chart painting as traders go long in gold
Submitted by cpowell on Thu, 2004-05-06 03:00 Section: Daily DispatchesSame Old Story
By Jim Sinclair
Thursday, May 6, 2004
a href=http://www.jsmineset.comhttp://www.jsmineset.com/a
News flash! It's the same old game being played.
Gold was firm in the U.S. overnight and as the COMEX
opening approached and the cash market shifted to COT,
market makers in the U.S. weakened gold into the open
and then by the grace of COT, COMEX traders moved it
lower.
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
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