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Showing posts with the label THE GATA DISPACH.

THE GATA DISPATCH: Morgan analyst hints at need for unlimited paper gold. May 15th, 2010

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Morgan analyst hints at need for unlimited paper gold Submitted by cpowell on 07:53AM ET Saturday, May 15, 2010. Section: Daily Dispatches 10:35a ET Saturday, May 15, 2010 Dear Friend of GATA and Gold: In a research note published this week an analyst for JPMorgan Securities Inc., John Bridges, more or less explains why central banks hate gold -- for its being a competitor with their own forms of money. The analyst, John Bridges, wrote: "A German banker once told us that gold normally trades like a commodity. However, when investors lose confidence in currencies, because the pool of gold is so much smaller than the pool of currencies, demand for gold can effectively become unlimited. We believe the European version of 'QE' [quantitative easing] is generating serious currency worries. ..." That observation hints at why Western central banks and the International Monetary Fund backstop the London Bullion Market Association and the New York Comm

THE GATA DISPATCH: Big commercial shorts cut silver positions, Butler tells King World News. May 15th, 2010

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Big commercial shorts cut silver positions, Butler tells King World News Submitted by cpowell on 07:23AM ET Saturday, May 15, 2010. Section: Daily Dispatches 10:20a ET Saturday, May 15, 2010 Dear Friend of GATA and Gold (and Silver): The big four commercial shorts in silver, including JPMorgan Chase, appear to have begun reducing their positions, silver market analyst Ted Butler reports today in his weekly interview with Eric King of King World News. Butler says this is very encouraging for silver investors. His interview is 7 minutes long and you can find it at the King World News Internet site here: http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. Join GATA here: World Resource Investment Conference Sunday and Monday, June 6 and 7, 2010 Vancouver Convention Centre Vancouver, British Columbia, Canada http://www.cambridgehouse.ca/index.php/world-resource-invest