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Daily Dispatches
Japan intervenes to support dollar for third consecutive day
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches11:50p ET Wednesday, December 10, 2003
Dear Friend of GATA and Gold:
If you want some bucking up tonight, don't turn to the
liquor cabinet. Just check out the one-year charts for
gold and the U.S. dollar, respectively:
a href=http://quotes.ino.com/chart/?s=FOREX_XAUUSDOamp;v=d12http://quotes.ino.c...
a href=http://quotes.ino.com/chart/?s=NYBOT_DXY0amp;v=d12http://quotes.ino.com/...
U.S. Treasuries slip as foreign central banks shy away
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily DispatchesBy Vernon Wessels
Business Report, South Africa
December 12, 2003
a href=http://www.busrep.co.za/index.php?fArticleId=307301http://www.busrep.co....
PRETORIA -- The threat of rising inflationary pressures in
2005 gave the Reserve Bank's monetary policy committee
only enough space to ease interest rates by 50 basis points
yesterday, disappointing the market, which had expected a
OPEC considers switching from dollars to euros or currency mix
Submitted by cpowell on Wed, 2003-12-10 03:00 Section: Daily Dispatches10p ET Tuesday, December 9, 2003
Dear Friend of GATA and Gold:
Here's a Reuters story about a lawsuit that, in the
United States, would be laughed out of court thanks
to the First Amendment. Canada is different from
the United States. Often that's good, but not always.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Court OKs Barrick lawsuit against Blanchard
Don''t sweat the small stuff: Calandra insists that the metals rally is still on
Submitted by cpowell on Wed, 2003-12-10 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=3957771...
CARACAS, Venezuela, Dec. 8 (Reuters) -- OPEC Secretary
General Alvaro Silva said on Monday that oil cartel OPEC
could discuss trading crude in euros or in a basket of
currencies instead of dollars in the future.
quot;There is talk of trading crude in euros. It's one of the
Can dollar''s decline be kept under control?
Submitted by cpowell on Tue, 2003-12-09 03:00 Section: Daily Dispatches9:08p ET Monday, December 8, 2003
Dear Friend of GATA and Gold:
Since a gold bug can need and deserve a cold beer after
a day of jousting in the markets with the gold cartel,
today's most important gold news may be the appointment
of former Barrick CEO Randall Oliphant to the board of
Coors Brewing Co. (The press release is appended.)
This probably means that Coors will be leasing and
Gold''s great future, and South Africa''s too
Submitted by cpowell on Tue, 2003-12-09 03:00 Section: Daily Dispatches9p ET Tuesday, December 9, 2003
Dear Friend of GATA and Gold:
Whatever the fate of the dollar, it's starting
to get commented on, if not much in the United
States. A big article in today's Financial Times,
appended here, says China has joined OPEC
countries in dumping dollars. And Marshall
Auerback of Prudent Bear has typically brilliant
analysis, reposted at GoldMoney, headlined quot;It's
Canada is different from the U.S., but that''s not always good
Submitted by cpowell on Tue, 2003-12-09 03:00 Section: Daily Dispatches9:22p ET Tuesday, December 9, 2003
Dear Friend of GATA and Gold:
GATA's great friend Peter George of Trinity Holdings
in South Africa has prepared a brilliant and comprehensive
analysis of gold's future that, while written from a South
African perspective, is bound to be compelling for any
serious gold investor anywhere. George's analysis is titled
quot;South African Golds and the Randquot; and you can find it here
Gold council''s bullion funds may not have the gold -- and refuse responsibility
Submitted by cpowell on Mon, 2003-12-08 03:00 Section: Daily Dispatches3:27p ET Sunday, December 7, 2003
Dear Friend of GATA and Gold:
Important reading today....
Jim Sinclair says the current move in gold is quot;the big
onequot; with quot;mind-blowing bullish potential,quot; quot;a runaway
freight trainquot; with quot;$529quot; written on it. You can find
Sinclair's commentary, titled quot;Notice to the Gold
Community,quot; here:
Barrick''s ex-CEO joins beer company; Bugos, Sinclair fight; OPEC dumping dollars
Submitted by cpowell on Mon, 2003-12-08 03:00 Section: Daily Dispatches5:16p ET Monday, December 8, 2003
Dear Friend of GATA and Gold:
GATA consultant James Turk, proprietor of GoldMoney and
editor of the Freemarket Gold amp; Money Report, has analyzed
the prospectuses of the World Gold Council's new bullion
funds in Britain and the United States and found that they
not only fail to insure that the funds are fully backed by
gold but also refuse to accept responsibility for any
Sinclair sees the big move in gold as Turk notes Fear Index''s breakout
Submitted by cpowell on Sun, 2003-12-07 03:00 Section: Daily Dispatches3:19p ET Saturday, December 6, 2003
Dear Friend of GATA and Gold:
Gold's price must be gaining explosive potential again,
for a former official of the Bank for International
Settlements told a gold conference in Dubai today that
central banks may increase their gold sales.
The Reuters account of the ex-BIS official's remarks is
appended, but the important thing to remember is that
what central banks call gold quot;salesquot; may be only the
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