There are 9 messages in this issue.
Topics in this digest:
1. Richard Daughty: The gold bug in all of us
From: GATAComm@aol.com
2. China urged to develop gold market for asset protection, not speculation
From: GATAComm@aol.com
3. Lawsuits seeking billions from U.S. companies in South Africa dismissed
From: GATAComm@aol.com
4. GATA Chairman Murphy to be interviewed on Tom O'Brien program
From: GATAComm@aol.com
5. Economists say dollar still has a long way to fall
From: GATAComm@aol.com
6. Dollar reaches record low as European Central Bank may let euro strengthen
From: GATAComm@aol.com
7. Fund manager sees gold above $500 in one year, then higher still
From: GATAComm@aol.com
8. Ted Butler: The good news metal
From: GATAComm@aol.com
9. Lassonde sees four-digit gold price, likes ETF; and a feature on J-Pacific
From: GATAComm@aol.com
________________________________________________________________________
________________________________________________________________________
Message: 1
Date: Tue, 30 Nov 2004 02:30:40 -0000
From: GATAComm@aol.com
Subject: Richard Daughty: The gold bug in all of us
By The Mogambo Guru
(a.k.a. Richard Daughty)
DailyReckoning.com
Monday, November 29, 2004
Alert reader Jim E. sent me a New Yorker article by a
guy named James Surowiecki who has written an
interesting article: "Why Gold?" Jim thought the guy
was the "dumbest SOB that ever lived" and of course
I was excited to hear about a guy who was a bigger
and dumber SOB than me!
So I go to the link that Jim provided and was sped to
the very article to which he referred. I never heard of
this Surowiecki guy, and I assume that it was some
dumb filler by a new intern or something, but it was
an interestingly told but old story with a distinct bias
about how gold is just a metal, and when you buy
metal you are not investing in plants and machinery
and production, and how gold is the ultimate in
speculation and blah blah blah.
He deems belief in gold as "a testament to the
tenacity of popular delusion. What is gold, after all?
Strictly speaking, it's a commodity."
Well, duh!
He then goes a step over the line when he dismisses
me, as "Gold bugs are classic cranks." Although he
did not mention me by name, if you read between the
lines you could easily tell that he WAS talking about
me! The bastard!
The dispiriting thing is that he makes some valid points
about gold.
For example, "Gold's buying power has plummeted," he
says. "In 1980, 10 ounces of gold would have bought you
a nice car. Today it would get you a nice bike."
I don't know where he buys HIS bikes, but around my
house we don't spend $4,450 for no stinking bike,
especially when there are so many perfectly good free
bikes just sitting, abandoned, in neat little rows next
to schools and playgrounds! Weird, huh? (I figure it is
part of some space alien thing or another. My warning
is, "Watch the bikes!")
But I am not going to begrudge the guy just because
he can afford fancy-schmancy bikes, while I am on
this pink My Little Pony bicycle that is four sizes too
small for me but that does have this handy little white
plastic basket in front, and featuring a smiling pony
with a rainbow-colored mane.
But with a slightly different perspective, Peter Brimelow
and Ed Rubenstein of CBSMarketWatch.com write,
"The remarkable thing about gold is that really has
been a store of value. Adjusted for inflation, a dollar
invested in gold in 1801 has fluctuated around about
a dollar ever since. For now, the point is that, on the
evidence of these charts, gold is hardly overvalued."
And from the look on The Mogambo's face and the
way he is pounding the table trying to convince you
to buy gold, gold, gold, and silver, silver, silver, and
oil, oil, oil, there is also some evidence that gold is
waaayyyy undervalued. Both these guys are saying
so! And while we are talking about it, so is silver,
which has the most compelling fundamentals of any
asset on the planet.
But even Mr. Surowiecki admits, "So there's a little
bit of the gold bug in all of us." Then he goes into the
very reason to own gold:
"Still, in a world of 'swaptions' and strips, gold's allure
is increasingly atavistic. The idea of gold as a platonic
currency, universally valuable across time and space,
reflects a basic distrust of markets, a fear that in a world
of paper money wealth is just an illusion."
Yes! Yes! That's it exactly! Fear and illusion and
distrust! And don't forget treachery and bankruptcy and
ruination! That's the whole lesson of history of
economics! And if Mr. Surowiecki doesn't like it, then
that explains perfectly why he is writing in a leftist
newspaper, parroting the typical leftist dogma that
governments are to be trusted and that the Founding
Fathers were wrong when they insisted in the freaking
Constitution itself that money shall be ONLY silver and
gold! The guys who participated in the American
Revolution and created the freaking government did not
trust government, for God's sake!
Now everyone is looking at me and quietly arming
themselves with baseball bats and those damned
Tazer zappers because they can tell that I am getting
pretty wound up here, and those little tattletale
machines I am hooked up to are all going "beep beep
beep!"
With a mighty effort, a Mighty Mogambo Effort (MME),
I calm myself down, my brawny chest and broad
shoulders heaving mightily, and I take a deep breath,
flip the selector to full-auto, and shoot off a clip of
expensive bullets into a bush that is acting strangely.
Surowiecki goes on: "For gold bugs, paper money
turns us all into Wile E. Coyote -- we're running on air,
and we'll plummet once we look down and realize
there's nothing holding us up. The gold bug's
apocalyptic mentality maintains that someday the
global economy will look down and the result will be
chaos. Gold is the only thing that will still be valuable
after the bottom drops out."
Yes! This is it! Get this Surowiecki on the phone! Ring
ring ring! Damn. Nobody home, and he forgot to turn
his answering machine on.
So, if you see this guy, tell him that the Mogambo
says, "Yes! Exactly right. Mr. Surowiecki, if that IS
your real name! This is the reason that people own
gold! And it is the reason that ALL thinking people
eventually own gold too, because all that stuff you
talk about is what WILL happen, not only to Wile E.
Coyote but to us too, because that is what DID
happen ALL the other times in history, and that is
why I am so sure that it will happen again, just as
sure as I am that a fat dog will eat a hamburger!"
Surowiecki sums up: "One could say that gold is
the biggest, most durable bubble in history. Someday
even this one may pop."
With that he is also right. But that day is a long way
off, as we have not even gotten a good start on paying
penance for the economic sins that we have committed,
a particular circumstance for which gold is particularly
suited.
And we committed these economic and financial sins
against our own Constitution, against the laws of
economics, against all of economic history, against
common sense, and against the wishes of The
Mogambo, all of which proves that we are a
monumentally stupid race of people. And if you
examine the laws of nature, you will notice that she is
not kind to the stupid. In short, we deserve to be eaten,
so that others, who are more economically fit, from a
Darwinian perspective, may survive. And then, Mister
Smarty Pants Journalist, what are YOU going to do?
For the last 5,000 years in a row, all the people who
needed an answer to that question always came back
to gold, because there IS nothing else. But many will
come to appreciate that fact too, too late. Ugh.
-------------
Richard Daughty is general partner and chief operating
officer for Smith Consultant Group.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________
Message: 2
Date: Tue, 30 Nov 2004 03:02:36 -0000
From: GATAComm@aol.com
Subject: China urged to develop gold market for asset protection, not speculation
Giving Gold a Foreign Touch
By Yu Qiao
China Daily, Beijing
Tuesday, November 30, 2004
chinadaily.com.cn
An executive of Shanghai Gold Exchange yesterday
said that China's sole national gold bourse has made
submissions to the central bank to attract foreign
gold traders.
"We are striving to invite qualified international banks
and gold firms to directly conduct transactions in our
exchange," said Wang Zhe, general manager of the
gold exchange.
"The move will build more channels for us to integrate
with the international gold market," Wang said
yesterday at an international forum on global gold
outlook, infrastructure support, and market
development in Beijing.
At present, there are 128 domestic membership traders
in the gold exchange, including commercial banks and
gold producers and processors, which conduct spot
transactions using renminbi.
The exchange was launched in late 2002, marking a
substantial step toward liberalization of China's gold
market. Previously, domestic gold producers had to
sell all their gold to the central bank.
"However, the gold exchange is close to the
international gold market without engagement of
foreign traders. Domestic gold prices don't move fully
in line with international prices," Wang said.
Integration with the international market will pave the
way for the gold exchange to open individual gold
investment businesses, he said.
The Shanghai branch of the China Industrial and
Commercial Bank started pilot individual gold
investment business at the gold exchange in October.
Albert Cheng, managing director of the World Gold
Council's Far East operations, yesterday suggested
Chinese regulators should permit commercial banks
to carry out gold investment business quickly to
meet market demand.
"The construction of an over-the-counter gold trade
platform at commercial banks is an important
alternative to extend the gold trade platform,"
Cheng told the forum.
"For the general public, such a trade platform is
reliable and convenient, and it can provide
extended financial services. For gold producers,
this platform can put product sale and business
credit together into their own development
strategy. These are advantages that are not seen
on any other platforms," he said.
The gold council predicts that gold demand in
China will grow to 600 tonnes annually in coming
years with the opening of gold investment
businesses from around 200 tonnes now.
"However, gold investment does not mean
speculating in money. ... We must make sure that
we develop the gold investment market in China for
the purpose of providing the Chinese people with a
safer means of keeping the value of assets. For a
healthy development of China's gold investment
market, we should weaken the awareness of
speculation," Cheng said.
Paul Walker, chief executive officer of GFMS Ltd,
the London-based precious metals consultancy,
yesterday said that world gold prices will range
between US$390 and US$455 per ounce during
the second half of this year.
World gold prices recently reached a 18-year record
high of US$455 per ounce mainly due to the
weakening US dollar. "GFMS' base case prophesies
a slump in the dollar and surge in (gold) investment
is likely to continue," Walker said.
Gold trade volume in the Shanghai Gold Exchange
rose by 39.53 per cent year-on-year to 257.72
tonnes in the first 10 months of this year.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________
Message: 3
Date: Tue, 30 Nov 2004 03:31:36 -0000
From: GATAComm@aol.com
Subject: Lawsuits seeking billions from U.S. companies in South Africa dismissed
By Larry Neumeister
Associated Press
Monday November 29, 2004
biz.yahoo.com
NEW YORK -- Lawsuits seeking more than $400 billion
in damages from U.S. corporations for victims of
apartheid in South Africa were tossed out Monday
by a federal judge who said the claims bordered on
the frivolous.
U.S. District Judge John E. Sprizzo called the actions
of the apartheid regime "repugnant" and said decisions
by the corporations to do business with the regime
may have been "morally suspect or embarrassing."
But he said there was no meaningful assertion by the
plaintiffs that actions by U.S. corporations directly
caused the alleged murders, torture, crimes against
humanity, and other heinous acts in South Africa from
1948 until a decade ago.
The ruling stemmed from lawsuits filed in federal
courts against defendants that included some of the
nation's largest corporations.
The lawsuit had alleged that the apartheid regime
tracked African individuals on U.S.-made computers,
obtained loans from U.S. banks, and kept its military
machines in working order with U.S.-supplied oil.
In tossing out the suits, Sprizzo said they bordered
on the frivolous and noted that it was his job to
"apply the law and not some normative or moral
ideal."
He said the defendants had made no claims that
the U.S. corporations participated in torture,
genocide, killings, and other serious crimes.
"At most, by engaging in business with the South
African regime, defendants benefited from the
unlawful state action of the apartheid government,"
he said.
The judge said the current South African government
had indicated it did not support the lawsuits and that
letting them proceed might injure the government's
ability to handle domestic matters and discourage
investment in its economy.
A message left with a lawyer for the plaintiffs was
not immediately returned.
Owen C. Pell, a lawyer for defendant Citigroup Inc.,
said the judge ruled correctly because he followed
the guidance offered by the Supreme Court in its
most recent rulings related to the subject.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________
Message: 4
Date: Tue, 30 Nov 2004 05:07:05 -0000
From: GATAComm@aol.com
Subject: GATA Chairman Murphy to be interviewed on Tom O'Brien program
12:02a ET Tuesday, November 30, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy will be interviewed at
about 5:20 p.m. ET today on Tom O'Brien's Internet
radio program on the Tiger Financial News Network.
If your computer has a media player, you should
be able to listen to it live or, later, archived
here:
tfnn.com
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________
Message: 5
Date: Wed, 01 Dec 2004 02:10:46 -0000
From: GATAComm@aol.com
Subject: Economists say dollar still has a long way to fall
Economists Say Dollar Has Long Way to Fall;
15% Drop Urged Against Asian Currencies
By Corbett B. Daly
CBSMarketWatch
Tuesday, November 30, 2004
cbs.marketwatch.com
2D422E%2D8D8A%2D0DBC155292B0%7D&siteid=mktw
WASHINGTON --- Despite the steady decline in the
U.S. dollar, the greenback is still only halfway
through its adjustment to the level where it belongs
to avoid a global economic crisis, a group of leading
economists said in a new book released Tuesday.
"The exchange rate of the dollar is going to fall.
That's what we have been seeing over the last three
years. That's what we are arguing here will continue,
and the only issue is the extent to which and the
mode to which it happens," said C. Fred Bergsten,
a former Treasury official and co-editor of "Dollar
Adjustment: How Far? Against What?"
Bergsten and his colleagues at the Institute for
International Economics, a leading Washington
think tank on currency matters, argue that the
dollar should continue its fall in an orderly fashion,
particularly against Asian currencies that have not
appreciated against the dollar as dramatically as
the euro and other western currencies.
The dollar's dramatic decline against the euro has
been "extremely lopsided," holding its value more
than it should have against Asian currencies, a
ccording to the book.
The dollar probed a low against the euro before
rebounding Tuesday, in the wake of interest-rate
comments from a top European official and release
of a U.S. report that showed American consumer
sentiment soured.
The euro was worth as much as $1.3331, its richest
dollar value ever, before falling back slightly. Late in
U.S. trade Tuesday, the euro was quoted at $1.3291,
a gain of 0.2 percent against its U.S. counterpart
compared with late U.S. trading on Monday.
The dollar hit fresh lows against the euro for four
consecutive days last week after Federal Reserve
Board Chairman Alan Greenspan said foreigners
might lose their appetite for dollar assets given the
size of the U.S. current account deficit.
In the book, Bergsten and John Williamson argue
that China, Japan, and other Asian nations should
stop intervening in exchange markets, limiting
their participation in the adjustment process.
"East Asia must play a much bigger role, indeed we
would say a dominant role, in the remaining second
leg of the international adjustment of the dollar and
the correction of the international imbalances,"
Bergsten said. The dollar hit its high against the
euro in the summer of 2001.
The Bush administration has been publicly urging the
Chinese government to move to a more flexible
exchange rate regime. China has fixed its currency
at roughly 8.3 yuan to the dollar since 1994. American
manufacturers complain that the fixed Chinese
exchange rate provides an unfair cost advantage to
China's exports and is costing thousands of U.S. jobs.
The economists said the U.S. should drop its public
insistence that the Chinese allow their currency to
move toward a floating exchange rate and, instead,
argue for a stronger, fixed yuan.
"Clearly we are not indifferent. We want it to go up,"
said Morris Goldstein, author of a chapter on China.
The Chinese should revalue their currency and
institute a new peg at a higher value before moving to
limited flexibility and then allowing the yuan to float
freely on the currency markets.
"That's how most countries that have gone from a peg
to a float without having a crisis as a part of the
process have gone," Williamson said, adding that
Colombia, Chile, Israel, and Poland followed that
pattern.
The problem, of course, is that a stronger yuan
contradicts the so-called "strong-dollar policy"
espoused by Treasury Secretary John Snow and
his spokesmen.
Jawboning the markets "is going to get a bad name
and it may become ineffective in the future if the
secretary of the Treasury continues to declare his
support for a strong dollar, irrespective of the
circumstances," Williamson said, adding "this is
an instrument that also needs to be wielded with
a certain amount of responsibility."
Michael Mussa, a former chief economist at the
International Monetary Fund, said there had already
been "enough" adjustment against the euro in the
near-term.
"It would be useful as a matter of some urgency to
get some movement in Asian exchange rates,"
Mussa said, adding that his former employer needs
"to be substantially more active" in its oversight of
exchange rate manipulation by member nations.
------------------
Corbett B. Daly covers the White House and the
Treasury Department for CBS MarketWatch in
Washington.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________
Message: 6
Date: Wed, 01 Dec 2004 02:21:50 -0000
From: GATAComm@aol.com
Subject: Dollar reaches record low as European Central Bank may let euro strengthen
By Vivianne C. Rodrigues and Mark Tannenbaum
Bloomberg News Service
Tuesday, November 30, 2004
bloomberg.com
pid=10000101&sid=aTS926UikSV0&refer=japan
NEW YORK -- The dollar reached a record low against
the euro for the 10th time this month on speculation
European finance officials will refrain from selling their
currency to protect exports.
European Central Bank President Jean-Claude Trichet
said financial conditions are "very favorable" in the 12
nations that use the euro. Japan didn't sell yen for an
eighth straight month in November, the Ministry of
Finance said, even as the currency reached a
four-year high.
"The only thing that could ease selling on the dollar right
now would be news of Europe or Japan intervening in the
currency markets," said Steven Englander, a senior
currency strategist at Barclays Capital Inc. in New York.
"It doesn't seem likely that central bankers in those two
regions are planning to take some action soon."
Against the euro, the dollar traded at $1.3291 at 4:01
p.m. in New York from $1.3282 late yesterday, according
to electronic foreign-exchange dealing system EBS. It
reached a record $1.3336 per euro after a private survey
showed U.S. consumer confidence unexpectedly
declined this month. Against the yen, the dollar traded
at 102.90 yen from 102.86.
The dollar is down this month against all 16 major
currencies tracked by Bloomberg, falling the most versus
the euro since December 2003, or 3.7 percent, amid
concern a record current-account gap will cut demand for
the currency.
"Conditions remain in place for the euro region to grow
around 2 percent in 2005," ECB President Trichet said in
comments to the European Parliament's economic and
monetary committee in Brussels.
Trichet also said contributions from exports to growth in
the third quarter were "negative," and he repeated his
remark that recent currency movements are "not
welcome."
Exports make up a fifth of the European economy, twice
as much as in the U.S., making growth vulnerable to
the euro's appreciation. Germany's DaimlerChrysler AG,
the world's fifth-biggest carmaker, said Nov. 26 the dollar's
drop will reduce profit at its Mercedes-Benz unit.
U.S. growth will outpace that of Japan and the euro region
next year, the Organization for Economic Cooperation and
Development predicted today. The U.S. will expand 3.3
percent, faster than Japan's 2.1 percent pace and the
euro-region's 1.9 percent rate, according to the forecast.
A government report today showed the U.S. economy
grew 3.9 percent in the third quarter. The gain in gross
domestic product compared with the 3.7 percent
previously estimated, the Commerce Department said in
Washington.
"It's hard to be a buyer on the dollar" even after today's
GDP report, said Brian Taylor, chief currency trader at
Manufacturers & Traders Trust Co. in Buffalo, N.Y, with
$50 billion in assets. "You know you can get burnt by
having a long-dollar position."
U.S. consumer confidence fell to the lowest in nine
months during November as concern about energy prices
and job prospects grew, a private survey found. The
Conference Board's consumer confidence index fell to
90.5 from a revised 92.9 in October. Optimism about
the economy over the next six months dropped.
The dollar fell 5.3 percent against the euro this year
and needs to drop another 15 percent to cut the
country's current-account deficit to sustainable levels
and prevent "disruptions" to the world economy,
according to a study by the Institute for International
Economics in Washington.
The current-account gap was a record $166.2 billion
in the second quarter.
In Japan, industrial production fell a seasonally adjusted
1.6 percent in October from the previous month.
Household spending slid 1.2 percent, against the median
forecast for a 0.1 percent gain. Japan's unemployment
rate rose to 4.7 percent in October from 4.6 percent.
Some currency strategists, such as Paul Chertkow at
the Bank of Tokyo Mitsubishi Ltd. in London, expect
Japan to sell yen.
"The key level is probably a move down through 102"
yen per dollar, he said. "The Ministry of Finance wants
to avoid a sustained breach of the 100 level."
Japan hasn't sold its currency in the financial year that
started April 1, after spending 14.8 trillion yen ($144
billion) to buy dollars in the first three months of this
year to stem gains. The Ministry of Finance announced
no yen sales for the period Oct. 28 to Nov. 26 in a
monthly report released in Tokyo.
Since Japan is not selling yen, "it's very unlikely we're
going to see the tide stemmed" by European or U.S.
officials, said Neil Jones, a director of foreign exchange
at BNP Paribas SA in London. "We really have yet to
reach the end of the dollar weakness."
The pace of declines on the dollar may slow as traders
last week pared bets the currency would fall against
the yen and the euro.
Net bets by hedge funds and other large speculators
that the euro would gain against the dollar fell 40 percent
in the week to Nov. 23, to the least since September,
Commodity Futures Trading Commission data showed
yesterday. Net wagers that the yen would gain fell for
the first week in eight.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________
Message: 7
Date: Wed, 01 Dec 2004 02:33:42 -0000
From: GATAComm@aol.com
Subject: Fund manager sees gold above $500 in one year, then higher still
By Gavin Maguire
Dow Jones Newswires
Tuesday, November 30, 2004
NEW YORK -- Gold is likely entering the second of
a three-phase bull market that should see prices top
$500 per ounce within one year and stretch toward
historic highs around $800 an ounce in the years
following, according to Wistar Holt, portfolio manager
with Holt & Shapard Capital Management, a
gold-centric money management firm.
In an interview with Dow Jones Newswires, Holt
argued that with gold prices just recently surpassing
the $450 per ounce level for the first time since June
1988, the gold market is entering a new phase in
which increased institutional and individual investor
interest will be gleaned while macroeconomic
conditions deteriorate.
The first phase of the current bull run took place from
2001 when prices bottomed out at historic lows in the
$250-$270 an ounce region and then clawed their way
steadily higher to back above $400 an ounce as the
U.S. dollar spiraled lower, the global economy wobbled,
and geopolitical tensions rose on terrorism fears and
war, Holt argued.
He added that further weakness in the global economy
and additional deterioration in the value of the U.S. dollar
is likely over the coming years to heighten gold's allure
as a dollar alternative.
"It could last for two or more years, but I think we'll see
more dollar weakness, the bond markets turn lower, and
a correction in the equity markets that will send investors
into gold," he argued.
He said such conditions will make gold an increasingly
appealing location for investors seeking refuge from the
fallout elsewhere, and a location for speculators to benefit
from a rising market. "Gold is the ultimate currency and
in times of economic turmoil it is the place to be," he
added.
"The beauty of gold mining shares is the leverage you
get when gold prices rise. Costs are generally fixed, so
when the gold price surges, that has an immediate positive
effect on the bottom line, which is reflected in the share
price," he explained.
"The appeal of investing in gold itself (through bullion bars
and coins) is the fact that it is less volatile and is good for
preserving capital," he added.
He said increased media coverage as well as more active
marketing of gold by investment advisers over coming years
should ensure increased participation levels in the gold
market, which, in turn, should help prices climb and
deepen the liquidity pool.
However, once "we get to the stage where everyone has
to own gold, such as in 1979 and 1980, then we'll be in
the third phase of the market and that will be time when
I will look to take profits and get out," Holt argued.
"I'm heavily into gold now because I see great potential,
but there'll be a time when that potential has been
reached and I'll move into something else," he said.
"But we're far from the top right now and I see several
years of a gold bull market ahead. In fact, I think we're
going to rise more quickly from now on and I'd be
surprised if we're not above $500 within a year," he
added.
Based in St Louis, Holt & Shapard Capital
Management was established in 2001 and has around
$50 million under management.
Around 70 percent of the firm's capital is invested in
mid- to large-sized, mainly unhedged gold miners such
as U.S. gold major Newmont Mining Corp., Canada's
Goldcorp, U.S. mid-sized producer Agnico-Eagle Mines
Ltd., Idaho-based silver and gold miner Hecla Mining Co.,
U.S. silver miner Coeur d'Alene Mines Corp., and South
Africa's Harmony Gold Mining Co. Ltd. and Gold Fields
Ltd.
Approximately 15 percent of the firm's assets are invested
in foreign government bonds, while the remaining 15 percent
is invested in funds that have short exposure to U.S.
equities, Holt told Dow Jones.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________
Message: 8
Date: Wed, 01 Dec 2004 02:42:25 -0000
From: GATAComm@aol.com
Subject: Ted Butler: The good news metal
By Theodore Butler
InvestmentRarities.com
Thursday, November 29, 2004
I prefer to analyze silver on supply and demand fundamentals rather
than currency changes or chart configurations. I try to be a long-
term value investor and analyst. I would never sell an undervalued
asset (or buy an overvalued asset) just because the charts looked
good or bad. Nor would I make a move just because I thought the
dollar would go up or down.
Currently the metals world seems to be engrossed in currency and
chart signal obsessions, particularly concerning gold. As you know, I
write almost exclusively on silver, but it's hard not to comment
on gold, given their long-time shared history. I have written several
articles, over the years, describing how the age-old relationship
between these two precious metals had taken different paths in the
past hundred years or so. Silver has become a vital industrial metal,
needed in thousands of industrial applications, while gold remained
true to its historical jewelry, investment and hedging roles.
This changing new dual-role for silver - both as a precious metal
and one that's an industrial necessity - resulted in a
phenomenon unprecedented in the annals of history. This new demand
for a universally known and revered commodity has almost evaporated
the cumulative production of 5000 years of world mining. Who could
have ever imagined that the silver being plundered and shipped from
the Americas to Europe 400 years ago, would be consumed in cell
phones, TVs and water purifiers? Silver became mandatory in all sorts
of modern things designed to make life better. It also created the
investment opportunity of a lifetime. That's because there is
unquestioned documentation that not enough of this good news metal
exists to go around.
If silver has become the good news metal, based upon a growing world
economy, then gold seems to be developing into the bad news metal, at
least in some promoters' writings. Wherever I look, I feel
inundated with stories promoting gold as some sort of end-of-the-
world cure-all. The reasons for promoting gold all seem to be
apocalyptic -- the destruction of the dollar, a slide into world
depression, a breakdown of world trade, soaring oil prices, Islamic
terrorists, runaway inflation or deflation. It's downright
depressing.
I also find it offensive how gold is increasingly portrayed as some
type of anti-American barometer or tool, almost as if the higher gold
goes in price shows how bad America is. That a few who enjoy the
benefits of living in the US promulgate this feeling is particularly
offensive. I don't know where this "gold is good America is bad"
sentiment came from, but I think it stinks. I'm not anti-gold, I
just disagree with the anti-American overtones of some gold bugs. Not
only is America the best country in the world; it is the best country
in the history of the world.
Gold going up in price will only help, not hurt silver investors.
Since most of the factors favoring gold (currencies, asset
diversification, no one's liability, etc.) are present and turbo-
charged in silver, higher gold prices can only bring favorable
results for silver. My gripe is that those most vocal in gold appear
to be also dissing America. I don't see the connection. I'm
just glad that the negativism that seems to envelop some true
believers in gold seems to bypass silver. I'd hate to see silver
promoted in such negative terms.
Like any asset class, gold can become overvalued. Especially when the
tech funds who significantly influence price become heavily invested
for reasons unrelated to gold itself. They often buy because of
factors as simple as the price going up. Such buying can be
notoriously fickle. Buying strictly because of price signals on the
way up invariably leads, at some point, to selling strictly because
of price signals on the way down. It has nothing to do with gold
itself, and as such, can and does artificially distort the price.
This is the essence of my study of the COTs. (By the way, the current
COTs still indicate an epic extreme that must be resolved with either
a short squeeze or a sell-off.)
I am neither a true gold believer, nor basher. I am a gold agnostic.
Be sure that I have many friends in the gold world and the last thing
I would want to do is insult them. I recognize that if enough people
put their money in it, gold, like any asset, can climb to any price
imaginable. I recognize there are forces working both for and against
the price, some free market oriented, some not. Being a gold agnostic
did not prevent me from being the first to write about the fraud and
manipulation of metal leasing and forward selling, and from
explaining why gold was so undervalued $200 lower. But I just
don't see gold (or silver) as the panacea in a doomsday scenario.
And life is too short, in my opinion, to dwell on such a negative
endgame. Buy for capital appreciation, not to survive in a "Mad Max"
world.
Being a gold agnostic, I look at things differently than do most true
gold believers. I think that's good, because differences are what
make life and analyses interesting. For instance, I see very little,
if any, future role for gold (or silver) as money. I just don't
see paper money being replaced by gold or silver. Money is a medium
of exchange. Gold (and silver) is less of a medium of exchange in
everyday world life than at any point in history. I know many hold
gold (and silver) to be true money, as it had been for thousands of
years. Well, the horse was basic transportation for thousands of
years, and will, in my opinion, return as basic transportation about
as soon as gold and silver return as basic money. Gold and silver are
assets that are bought and sold as any other asset, not money or
currency. If and when that changes, namely, we start using gold or
silver in everyday commerce as money, then, I would agree, that they
are money. Until then, they must be considered tangible assets.
The funny thing is that paper money is dying, as its share of
commerce is hitting record low percentages. But that is due to growth
in credit and debit card and e-commerce transactions, not due to a
metal money resurgence. In the unlikely event fiat money becomes
thoroughly worthless any time soon (it will, of course, in the very
long run), it will undoubtedly be replaced with another form of fiat,
not metal. It should be obvious that there is probably not enough
gold (and certainly not enough silver) in existence to provide a free
circulation as money. And talk of a coming gold dinar (or silver
dirham) is just plain silly and unworkable, in my opinion. Besides,
even if fiat money were replaced with metal backing, the same
government institutions that messed up the worthless fiat experiment
would be in charge of the metal-backed currency, and you could count
on the same old tricks.
I feel I can afford to be a gold agnostic because of the existence of
silver. If silver didn't exist, I might not be so quick to be a
gold infidel. But silver, most assuredly, does exist, although in
smaller and smaller total quantities daily. And that gives me, and
should give you, the confidence to choose between the two. If gold
soars in price due to macro-economic forces, silver will exceed
percentage wise, by a wide margin, any long-term gold advance. And
percentage return is what matters most to a comparison shopper. If
gold falters long term, silver's fundamentals will kick in and it
will divorce itself from gold. It's a win-win for silver.
The reason silver is a win-win, no matter what happens to the price
of gold, is at the core of the difference between the two metals.
Gold needs continued new investment buying to buoy the price. Silver
doesn't. Now, gold just may get that continued new investment
buying and the price may continue to rise indefinitely. In that case,
silver will get its share of that buying and will accentuate the move
to the upside, given the small size of the silver market, and the
resultant extreme price sensitivity of silver to investment buying.
But if continued new investment buying does not materialize in gold,
it's no big deal for silver. Because of the structural industrial
deficit in silver, the law of supply and demand dictates we will run
out of silver at some point and overwhelm the ongoing manipulation.
Then silver prices will explode, regardless of what gold or any other
commodity may be doing. In fact, when this event occurs, it is likely
that we will then see specific investment buying targeted to silver,
as the world discovers the real silver story.
Let's say we gave the following lesson to a group of children.
There are two metals of the same category (precious). The only
outward physical difference is color; one is white and one yellow.
They felt and weighed the same. They had each been used for the same
purposes for thousands of years, but in the last hundred years or so,
the white one was discovered to have many unique properties, better
than any other material, that made possible many of the modern
devices and inventions that made life better. Because of all the
necessary uses on this white metal, all the accumulated amount
produced over 5,000 years was almost completely depleted because we
couldn't produce it as fast as we consumed it. The yellow metal
was basically used as it always had been and all of it was still
around in a form that could be retrieved. Because the white one was
used up so much, there was a lot less of it left in the world than
the yellow one. And even though the world produced more of the white
one than the yellow one, it used up even more. So, even though there
is less of the white metal in the world, meaning it's rarer than
the yellow one, there is less of the white one every day, while there
is more of the yellow metal every day. Additionally, the governments
of many countries in the world own a lot of the yellow metal, which
they keep selling, while very little of the white metal is still
owned by governments, meaning not much can be sold. If the yellow one
disappeared completely from the face of the earth overnight, it would
have little or no impact on the life of the average world inhabitant.
But if the white metal disappeared, modern life as we know it would
be disrupted beyond belief.
Now, the children are told that one metal cost 60 times as much as
the other, and are asked to guess which metal is the most expensive.
How do you think they would answer? It's that answer that permits
me to be a gold agnostic.
I did not mention that most newly mined silver comes as a byproduct
to the mining of other metals, so I did not discuss the differences
of cost of production between the yellow and white. Nor did I point
out that the white metal had a much larger short position than the
yellow one. And I did not raise the issue that if all investors in
silver switched and put their entire proceeds in gold, it would
hardly cause a ripple in the price of gold. While if 1% of the amount
invested in gold were to migrate to silver, the silver price would
immediately explode by many times the current price.
It is when you step back and try to keep things simple, that the
basic merits of silver clearly emerge, especially in a comparison
with gold. This is what creates the lifetime investment opportunity
in silver. It's not intended as a knock on gold, but as a valid
comparison, which just happens to reflect very favorably on silver.
I'm amazed more gold investors (and there are many, many times
the number of investors in gold than silver) haven't made the
silver connection yet. I think more will, if they study the merits
objectively.
Perhaps the biggest merit emerging is that when you invest in the
good news metal, you don't have to root for bad things to happen,
you just root for more world citizens to lead better lives.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________
Message: 9
Date: Wed, 01 Dec 2004 03:07:54 -0000
From: GATAComm@aol.com
Subject: Lassonde sees four-digit gold price, likes ETF; and a feature on J-Pacific
10:07p ET Tuesday, November 30, 2004
Dear Friend of GATA and Gold:
Some things of special interest tonight at
Resource Investor:
* Covering the San Francisco Gold and Precious
Metals Conference, Tim Wood reports on Newmont
Mining President Pierre Lassonde's keynote
address, which predicted a four-digit gold
price. Lassonde said: "At the end of the day,
all currencies will have to depreciate against
the only currency that is not managed, and that
is gold." It's a wonderful thought, but it's
hard to believe that Lassonde really thinks that
gold is the only currency not being manipulated
by central banks. (Maybe when they run out of
the stuff. They'll never run out of paper and
electrons.) You can find the story about
Lassonde's speech here:
resourceinvestor.com
* In an interview, Wood gets Lassonde to speak
enthusiastically about the World Gold Council's new
exchange-traded fund. The story acknowledges the
suspicions of the "gold conspiracy camp" as to
whether the fund really has the gold it claims to
have or even knows where its gold is. (Oh, those
conspiracy nuts, actually reading the prospectus!)
You can find the interview here:
resourceinvestor.com
* And then Derek Moscato has a nice feature about a
junior mining company that has done heroic work
bringing GATA to the attention of Asian investors,
J-Pacific Gold. You can find it here:
resourceinvestor.com
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
To subscribe to GATA's dispatches, send an e-mail to:
gata-subscribe@yahoogroups.com
To unsubscribe, send an e-mail to:
gata-unsubscribe@yahoogroups.com
----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
jsmineset.com
cbs.marketwatch.com
mineweb.com
gold-eagle.com
kitco.com
usagold.com
goldseek.com
goldreview.com
capitalupdates.com
dailyreckoning.com
goldenbar.com
silver-investor.com
thebulliondesk.com
sharelynx.com
mininglife.com
financialsense.com
goldensextant.com
goldismoney.info
howestreet.com
depression2.tv
moneyfiles.org
howestreet.com
minersmanual.com
a1-guide-to-gold-investments.com
goldcolony.com
miningstocks.com
mineralstox.com
freemarketnews.com
321gold.com
silverseek.com
investmentrarities.com
kuik.com
(Korelin Business Report -- audio)
plata.com.mx
(In Spanish)
plata.com.mx
(In English)
resourceinvestor.com
miningmx.com
prudentbear.com
Subscription sites:
lemetropolecafe.com
goldinsider.com
hsletter.com
interventionalanalysis.com
investmentindicators.com
Eagle Ranch discussion site:
os2eagle.net
Ted Butler silver commentary archive:
investmentrarities.com
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
blanchardonline.com
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
eldoradogold.net
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
gata.org
By GoldMoney:
goldmoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
-END-
________________________________________________________________________
________________________________________________________________________ |
