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Daily Dispatches
S. African finance minister warns textile workers against stronger rand, China
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesBy Rhona O'Connell
MineWeb.com
Thursday, November 25, 204
LONDON -- The pressure is on for physical gold.
Demand is growing and production is falling. That
is according to the latest gold supply and demand
trends published by the World Gold Council
covering the third quarter released this morning
and which show a contraction in supply against
growth in demand. ...
China economic meeting this weekend prompts speculation on currency revaluation
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesFinance Minister Predicts
Strong Rand Against Dollar
Mail & Guardian, Johannesburg
Thursday, November 25, 2004
http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&ao=126133
South African Finance Minister Trevor Manuel told
textile workers on Thursday that foreign-exchange
matters were critical to understanding the future
Pimco Internet site goes out of service
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesDollar Sinks to New Lows
By Darryl Thomson
Financial Times, London
Thursday, November 25, 2004
http://news.ft.com/cms/s/0217d728-3ed2-11d9-8e70-00000e2511c8.html
The dollar fell to an all-time low against the euro
for the third successive day and a nine-year nadir
versus the Swiss franc in thinner than usual trade
Central bankers told that they shouldn''t talk publicly about rigging markets
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily Dispatches7:28p ET Thursday, November 25, 2004
Dear Friend of GATA and Gold:
Pimco's Internet site seems to have gone out of
service this afternoon not long after you received
the GATA dispatch about the essay by Pimco
Managing Director Paul McCulley. We'll all
watch for the site's restoration.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
The World Gold Council''s next opportunity for jewelry promotion
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily Dispatches9:04p ET Thursday, November 25, 2004
Dear Friend of GATA and Gold:
While you may be getting tired of news reports
about dollar exchange rates, all those dispatched
to you in recent days have included comments
by market analysts or government officials that
might have added important perspective. The
Bloomberg story below is notable for quoting
the European Central Bank's chief economist,
Bank of England''s chief economist says dollar could fall another 15 percent
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesBy Sharon Labi
Australian Associated Press
in The Age, Melbourne
Friday, November 26, 2004
http://www.theage.com.au/news/Science/Gold-treatment-for-
prostate/2004/11/25/1101219679474.html?oneclick=true
In an Australian first, men are having tiny grains of
gold inserted into their prostates to help doctors
treat their cancer.
Dollar Falls to Record Low Versus Euro as ECB Remains Mum on Stance
Submitted by cpowell on Wed, 2004-11-24 03:00 Section: Daily Dispatches8:48p ET Tuesday, November 23, 2004
Dear Friend of GATA and Gold:
The Financial Times story appended here about
the Russian central bank's talk of diversifying
its foreign exchange reserves out of the U.S.
dollar should hearten gold bugs against the
frequent musings that the investment world
couldn't be shorter on the dollar now and so a
dollar rally is inevitable.
The dollar indeed may rally, but almost certainly
OPEC will stick with dollar, its president says
Submitted by cpowell on Wed, 2004-11-24 03:00 Section: Daily DispatchesBank of Japan Loves to Schedule
Intervention Over U.S. Holidays
By Mark Tannenbaum and Joshua Krongold
Bloomberg News Service
Wednesday, November 24, 2004
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aUTL2xt2HC3M&refer=home
The dollar declined to a record against the euro for
the seventh time this month amid speculation the
Russia letting dollar fall against ruble
Submitted by cpowell on Wed, 2004-11-24 03:00 Section: Daily DispatchesBy Grace Nirang
Bloomberg News Service
in the Sydney Morning Herald
Thursday, November 25, 2004
http://www.smh.com.au/news/Business/OPEC-will-stick-with-dollar-
president-says/2004/11/24/1101219616410.html
The Organisation of Petroleum Exporting Countries
would not adopt the euro to replace the US dollar as
the currency for oil sales, the body's president,
Silver short AIG pays $126 million for helping two companies conceal losses
Submitted by cpowell on Wed, 2004-11-24 03:00 Section: Daily DispatchesRuble Hits 4-Year High Versus Dollar
The Moscow Times
Thursday, November 25, 2004
http://www.themoscowtimes.com/stories/2004/11/25/041.html
The ruble shot to its highest level against the dollar
Wednesday on speculation that the Central Bank is
letting the currency appreciate in an effort to slow
inflation.
The ruble rose 0.4 percent against the dollar to
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