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Daily Dispatches
Only the Lonely: A tribute to Ted Butler
Submitted by cpowell on Thu, 2004-04-29 03:00 Section: Daily Dispatches11:12p ET Thursday, April 29, 2004
Dear Friend of GATA and Gold:
Market analyst and gold fan John Brimelow has studied
transcripts of the Federal Reserve's Open Market
Committee's meeting about the collapse of Long-Term
Capital Management and has concluded that the Fed's
intervention was probably one more function of the
fabled "Greenspan put," the erasure of responsibility
for U.S. financial powerhouses. Brimelow's essay
Committee for Monetary Research & Education focuses on gold at May 27 meeting
Submitted by cpowell on Wed, 2004-04-28 03:00 Section: Daily DispatchesLas Vegas Sun
Tuesday, April 27, 2004
http://www.lasvegassun.com/sunbin/stories/nevada/2004/apr/27/042710026
.html
RENO, Nev. (AP) -- Nevada mines produced 7.3 million
ounces of gold in 2003, a decrease of about 5 percent
from the previous year, the state Division of Minerals
reported.
But the agency said the calculated value of that gold
Recommended reading after a crushing day for gold and silver
Submitted by cpowell on Wed, 2004-04-28 03:00 Section: Daily Dispatches11:59p ET Tuesday, April 27, 2004
Dear Friend of GATA and Gold:
The spring dinner meeting of the Committee for Monetary
Research and Education, to be held in New York City on
Thursday, May 27, will have a special focus on gold. For
example, Tocqueville Gold Fund manager John Hathaway
will be among the speakers.
But precious metals fans who have begun to suspect that
they have stumbled over the secret knowledge of the
Steadying advice from Newmont President Pierre Lassonde
Submitted by cpowell on Wed, 2004-04-28 03:00 Section: Daily Dispatches10:09p ET Wednesday, April 28, 2004
Dear Friend of GATA and Gold:
Worth reading tonight:
* "Man the Lifeboats" by Jim Puplava at FinancialSense.com:
http://www.financialsense.com/editorials/fso/042804.html
* Also at FinancialSense.com, Mike Hartman's "Market
Wrapup," whose conclusion has some comments on silver:
Ted Butler: It''s unlikely that the dealer wolf pack wants to short silver again
Submitted by cpowell on Tue, 2004-04-27 03:00 Section: Daily Dispatches9:14p ET Monday, April 26, 2004
Dear Friend of GATA and Gold:
A federal judge has reversed the jury verdict against
Tyson Fresh Meats in the anti-trust case about which
GATA advised you on February 17:
http://groups.yahoo.com/group/gata/message/1899
A report about the judge's action is appended.
The case continues on appeal and still could end up
Nevada''s gold production down 5 percent, silver production down 24 percent
Submitted by cpowell on Tue, 2004-04-27 03:00 Section: Daily DispatchesBy Ted Butler
April 27, 2004
Like a guillotine, the commercial dealers beheaded the
tech fund longs in COMEX gold and silver over the past
week and a half. It was the tightly disciplined wolf pack's
finest moment, thereby making it the free market's worst.
Make no mistake -- there is a war for money and financial
survival in the metals that includes both yours and the
manipulators'. They won a key battle but in winning that
Norilsk wants to acquire the rest of Gold Fields
Submitted by cpowell on Mon, 2004-04-26 03:00 Section: Daily DispatchesBy Choy Leng Yeong
Bloomberg News Service
Sunday, April 25, 2004
http://www.bloomberg.com/news/markets/commodities.html
Gold may rise this week, ending four straight weekly
declines, on speculation the Federal Reserve will limit
any interest-rate increases this year, a Bloomberg
survey shows.
Twenty-one of 35 traders, investors, and strategists
Bill Fleckenstein: Interest rates won''t rise until it''s too late
Submitted by cpowell on Mon, 2004-04-26 03:00 Section: Daily DispatchesBy John Helmer and John Fraser
Business Day, South Africa
Monday, April 26, 2004
http://www.bday.co.za/bday/content/direct/1,3523,1601500-6078-
0,00.html
Russia's Norilsk Nickel, which recently bought a 20
percent stake in Gold Fields for 7.6 billion rand, has
signalled its desire to take over the South African
Sprott sticks with gold and has added positions in silver
Submitted by cpowell on Mon, 2004-04-26 03:00 Section: Daily DispatchesBy Bill Fleckenstein
Monday, April 26, 2004
http://moneycentral.msn.com/content/p78281.asp
On Day 1 of Alan Greenspan's congressional testimony
last Tuesday, nearly every market was roiled dramatically
by the perception that the Fed might raise rates at some
point. Though the "away-from-stocks" markets continued
their slide on Day 2, Equity Land exhaled at the chairman's
Dan Denning at Daily Reckoning: Why the Fed Can''t Raise Rates
Submitted by cpowell on Mon, 2004-04-26 03:00 Section: Daily DispatchesByAngela Barnes
Investment Reporter
The Globe & Mail, Toronto
Monday, April 26, 2004
http://www.theglobeandmail.com/servlet/story/RTGAM.20040426.wxrbestbet
26/BNStory/Business
The U.S. stock market has staged an impressive cyclical
rally from its March 2003 low, but fund manager Eric
Sprott isn't convinced that the bear has been banished.
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