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Fed official warns that housing finance giants pose systemic risk
Submitted by cpowell on Fri, 2004-05-07 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=5066355...
CHICAGO, May 6 (Reuters) -- St. Louis Federal Reserve
President William Poole on Thursday called for the
elimination of government lines of credit to mortgage
finance giants Fannie Mae and Freddie Mac to reduce
risks to the U.S. financial system in the event of a
Oh no, not again -- Mining industry leaders urge another jewelry promotion
Submitted by cpowell on Fri, 2004-05-07 03:00 Section: Daily Dispatches4:43p ET Friday, May 7, 2004
Dear Friend of GATA and Gold:
Sorry to bum you out on another horrible day of another
horrible week, but the appended Reuters report about
the gold conference in Peru shows that we're still up
against not only the world financial establishment but
also the mining industry itself.
Here we have two industry leaders proclaiming that
the industry's goal should be to spur jewelry demand
AngloGold CEO sees industry consolidation yielding to deals with juniors
Submitted by cpowell on Fri, 2004-05-07 03:00 Section: Daily DispatchesBy Sprott Gold & Precious Metals Fund
Business Report, South Africa
Sunday, May 2, 2004
www.busrep.co.za/index.php?fSectionId=&fArticleId=422083
1. Global currency debasement. The US dollar is
fundamentally and technically very weak and could
fall dramatically. However, other countries are very
reluctant to see their currencies appreciate and are
resisting the fall of the dollar. We should therefore
GoldenSextant.com gets improvements and the report of the U.S. Gold Commission
Submitted by cpowell on Fri, 2004-05-07 03:00 Section: Daily DispatchesBy Jude Webber
Reuters
Friday, May 7, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5078101
LIMA, Peru -- Fresh from its $1.55 billion takeover of
Ghana's Ashanti Goldfields last month, the world's No.
2 bullion producer AngloGold Ashanti Ltd. now reckons
that the era of big mergers is over and that deals with
Inflation soon will become the focus of the investment world and drag gold up
Submitted by cpowell on Fri, 2004-05-07 03:00 Section: Daily Dispatches6:47p ET Friday, May 7, 2004
Dear Friend of GATA and Gold:
GATA consultant Reginald H. Howe, proprietor of
GoldenSextant.com, has made improvements at his
Internet site and has added the full text of
the March 1982 report of the U.S. Gold
Commission.
Howe prefaces the report with an insightful
commentary of his own, remarking, in part:
"Today, with gold long since banished to the
GoldenSextant.com is now a joint effort of GATA consultants Howe and Landis
Submitted by cpowell on Fri, 2004-05-07 03:00 Section: Daily Dispatches7:53p ET Friday, May 7, 2004
Dear Friend of GATA and Gold:
No, don't ask your doctor if cyanide is right for you.
Instead, check out Peter Grandich, who argues, as
Jim Sinclair has been arguing, that inflation soon
will become the investment world's focus and drag
gold up. Grandich's commentary has just been
posted at Kitco here:
How many new jobs really?
Submitted by cpowell on Fri, 2004-05-07 03:00 Section: Daily Dispatches8:45p ET Friday, May 7, 2004
Dear Friend of GATA and Gold:
The previous dispatch about the GoldenSextant
Internet site should have noted that it is now
a joint effort of Reg Howe and another GATA
consultant, Robert K. Landis, who may be best
loved in the precious metals world for his
research into the hedge book of Barrick Gold.
Much of the material quoted in the previous
dispatch was actually Landis' work.
David Morgan comments on attempts to link gold with terrorism
Submitted by cpowell on Fri, 2004-05-07 03:00 Section: Daily Dispatches9:27p ET Friday, May 7, 2004
Dear Friend of GATA and Gold:
There's some wonderfully contrarian analysis tonight
by Van R. Hoisington and Lacy H. Hunt of Hoisington
Investment Management of Austin, Texas. They note
that there is no documentation for most of the new
jobs cited in today's U.S. jobs report. Rather, the
number was, as with so many numbers in U.S.
government reports, simply contrived.
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
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