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Daily Dispatches
John Embry: Manipulation of precious metals prices could hardly be more obvious
Submitted by cpowell on Wed, 2006-09-13 23:33 Section: Daily Dispatches11:23p ET Wednesday, September 13, 2006
Dear Friend of GATA and Gold:
After the recent drubbing of the precious metals, what the gold and silver world most needs right now is a tall order of John Embry.
Coming right up, courtesty of Investor's Digest of Canada, which has just published his most recent essay, "Manipulation of Gold's Price Obvious When It Falls in Stunningly Bullish Situation." You can find it at the Sprott Asset Management site here:
Paramount Gold endorses and underwrites GATA's work
Submitted by cpowell on Wed, 2006-09-13 22:32 Section: Daily Dispatches10:18p ET Wednesday, September 13, 2006
Dear Friend of GATA and Gold:
GATA is thrilled to have just received a formal endorsement and financial support from another precious metals exploration company -- Paramount Gold Mining Corp., which has quite a number of prospective properties in Mexico and South America.
Paramount Gold's president and chief financial officer, Chris Crupi, explains it this way: "I believe the work GATA is doing is of great benefit to the gold community. I am impressed with their informative communications and feel they go a long way in keeping gold investors abreast of the most important factors influencing the precious metals
Strange ... This never happens to MorganChase and Goldman Sachs metals traders
Submitted by cpowell on Wed, 2006-09-13 20:23 Section: Daily DispatchesCitigroup Rogue Metals Trader Loses $20 Million
By Jonathan Stempel
Reuters
Wednesday, September 13, 2006
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reut...
NEW YORK -- A rogue Citigroup Inc. trader lost $20 million for the largest U.S. bank by hiding more than $300 million of gold and silver contracts and reporting fake prices, the New York Stock Exchange's regulatory unit said.
James Turk: History repeats for gold and silver with another bull-market correction
Submitted by cpowell on Wed, 2006-09-13 08:26 Section: Daily Dispatches8:13a ET Wednesday, September 13, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, consultant to GATA and editor of the Freemarket Gold & Money Report, argues in new analysis posted today at GoldMoney.com that the recent smashing of gold and silver has been the same sort of cartel-assisted, bull-market correction the metals endured in June and that the metals are now "exceptionally good value." You can find Turk's analysis, headlined "History Repeats," in the "Founder's Commentary" box at the top left of the GoldMoney home page here:
Corrected version of Grandich Letter's special alert
Submitted by cpowell on Tue, 2006-09-12 19:50 Section: Daily Dispatches7:37p ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
There are have been some fixes to the graphics in today's special alert of the Grandich Letter. You can find a corrected version of the letter at the Grandich Internet site here:
http://www.grandich.com/docs/alertGL_09-12-06.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Join GATA
Peter Grandich: Special alert -- A realist's view
Submitted by cpowell on Tue, 2006-09-12 16:58 Section: Daily Dispatches4:42p ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
Peter Grandich's letter issued today -- "Special Alert -- A Realist's View" -- is a comprehensive analysis of the metals markets and includes a long section endorsing GATA's work and describing the probability of market manipulation. Grandich's continuing support of GATA has been of the greatest importance and we're deeply grateful for it. He will join GATA as a speaker at both the Toronto Resource Investment Conference and the New Orleans Investment Conference, which are cited below.
What happened in Vegas should NOT stay in Vegas
Submitted by cpowell on Tue, 2006-09-12 14:25 Section: Daily Dispatches2:16p ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
One of GATA's first supporters in the coin and bullion business, Dr. Fred Goldstein of Swiss America Trading Corp. in Phoenix, attended the recent hard assets investment conference in Las Vegas and his comments about it are appended, along with an essay by Swiss America's Craig R. Smith.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Whoever has been selling gold, the powerful are not omnipotent
Submitted by cpowell on Tue, 2006-09-12 11:51 Section: Daily Dispatches11:30a ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
This essay by Mike Kosares, proprietor of Centennial Precious Metals in Denver and host of the wonderful forum at the firm's Internet site, www.USAGold.com, is adapted from a couple of his posts there yesterday and today.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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By Mike Kosares
IMF worries that FX markets might develop, escaping central bank control
Submitted by cpowell on Tue, 2006-09-12 00:48 Section: Daily DispatchesIMF Identifies Risk of 'Disorderly' U.S. Dollar Drop
By Mark Drajem and Shamim Adam
Bloomberg News Service
Tuesday, September 12, 2006
http://quote.bloomberg.com/apps/news?pid=20601087&sid=aYXu7ScpRXC4
A "disorderly" drop in the dollar is the biggest risk to world financial markets, the International Monetary Fund said, urging policy makers to prepare and act quickly when asset prices slump.
Currency intervention reaches unprecedented heights, BIS says
Submitted by cpowell on Mon, 2006-09-11 20:48 Section: Daily DispatchesMight the central banks consider gold a currency too?. ...
The report of the Bank for International Settlements cited in the following dispatch can be found here:
http://www.bis.org/publ/qtrpdf/r_qt0609.pdf
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BIS Says Inflation May Force
Asian Countries to let
Currencies Rise, Hike Rates
By Steve Whitehouse
AFX News via Forbes.com
Sunday, September 10, 2006
http://www.forbes.com/business/feeds/afx/2006/09/10/afx3005525.html
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