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Daily Dispatches
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
Fear of Bank of Japan''s intervention props up dollar against yen
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesBy Susan Gallagher
The Associated Press
Monday, November 22, 2004
GREAT FALLS, Mont. -- When Genesio Morlacci left
$2.3 million to a small college here, many people were
astonished at the wealth amassed by a man who
operated a dry-cleaning shop and later worked as a
part-time janitor in retirement. But to those who knew
Morlacci well, his bequest came as no surprise.
"He was a fellow who felt that if you didn't need it,
Roach''s private forecast scares Boston money guys, who root for inflation
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesBy Taizo Hirose
Bloomberg News Service
Tuesday, November 23, 2004
http://www.bloomberg.com/apps/news?
pid=10000101&sid=asA2HhB0lXoY&refer=japan
SYDNEY -- The yen had its biggest decline in two
weeks in Asia, stalling a rally that sent it to a
four-year high against the dollar on Nov. 19, on
concern Japan will sell its currency to stem the
Dollar hits new low against euro but intervention fears are growing
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesOn State Street: Economic 'Armageddon' predicted
By Brett Arends
Boston Herald
Tuesday, November 23, 2004
http://business.bostonherald.com/businessNews/view.bg?articleid=55356
Stephen Roach, the chief economist at investment
banking giant Morgan Stanley, has a public reputation
for being bearish.
But you should hear what he's saying in private.
Ted Butler: Still unresolved, Part 2
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, November 23, 2004
http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=6896867
NEW YORK -- The dollar slumped on Tuesday after news
that Russia may increase the share of euros in its reserves
drove the European unit to a new lifetime high.
Confirmation of last week's talk Russia might make such
Gold ETF attracts $419 million in first three days
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesBy Theodore Butler
Tuesday, November 23, 2004
http://www.investmentrarities.com/weeklycommentary.html
When I first picked the title for this article, I had this
nagging thought that I had used it before. Sure enough,
I looked in the archives and there it was, dated
September 2, 2003. I just think I had forgotten about it
Barrick insists that higher gold prices won''t stop it from reducing hedges
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesFrom Reuters
Tuesday, November 23, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh36922_2004-11-23_22-20-29_n23115673_newsml
NEW YORK -- A recently launched gold-backed
exchange-traded fund attracted $419 million in its
first three days of trading, bringing its total assets
to $1.3 billion, a research company said on
Is the world getting too short on the dollar? Impossible!
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesFrom Reuters
Tuesday, November 23, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6898925
(Figures in U.S. dollars)
VANCOUVER, British Columbia -- Today's higher gold
prices won't stop Barrick Gold Corp. from reducing its
hedge book, the world's third-biggest gold miner said
Who will be first to rush for the exit and bring down the dollar?
Submitted by cpowell on Mon, 2004-11-22 03:00 Section: Daily Dispatches7:20p ET Sunday, November 21, 2004
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold &
Money Report, founder of GoldMoney.com,
and consultant to GATA, has analyzed the
World Gold Council's new bullion fund on
the New York Stock Exchange and found
that it provides no assurance that there is
really any gold behind its shares. Indeed,
Turk finds, the bullion fund acknowledges
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