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Daily Dispatches
Euro finance ministers gripe about U.S. but do nothing on exchange rates
Submitted by cpowell on Mon, 2004-11-15 03:00 Section: Daily Dispatches8:50p ET Monday, November 15, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's speech to the
2004 New Orleans Investment Conference,
delivered on November 11, has been posted
at the GATA Internet site here:
http://www.gata.org/NewOrleansConf.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Dow Jones Newswires interviews Michael Kosares of Centennial Precious Metals
Submitted by cpowell on Mon, 2004-11-15 03:00 Section: Daily DispatchesEuropean Finance Ministers Blame U.S.
for Troublesome Foreign Exchange Swings
By Swaha Pattanaik and Paul Carrel
Reuters
Monday, November 15, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6820501
BRUSSELS -- Rattled by sharp currency swings that
have driven their currency to record highs against the
Russia sells dollars and dollar-denominated assets to diversify reserves
Submitted by cpowell on Sun, 2004-11-14 03:00 Section: Daily Dispatches11:33a CT Saturday, November 13, 2004
Dear Friend of GATA and Gold:
The CBSMarketWatch story about the new bullion fund
about to trade on the New York Stock Exchange
requires a little prefacing.
* The assertion that there isn't any easy way to buy
real metal without storing it yourself overlooks the
Internet gold depository and payment services like
that of GATA consultant James Turk, GoldMoney.com.
John Mauldin: Currencies are manipulated but the Fed will let the dollar fall
Submitted by cpowell on Sun, 2004-11-14 03:00 Section: Daily DispatchesFrom Itar-Tass News Agency
Monday, November 8, 2004
http://www.itar-tass.com/eng/level2.html?NewsID=1432579&PageNum=14
HONG KONG -- By selling U.S. dollars, securities, and
assets denominated in the U.S. currency, Russia is
diversifying its currency reserves, which is in line
with the policy pursued by the Central Bank of Russia,
Finance ministers getting frantic about currency markets
Submitted by cpowell on Sun, 2004-11-14 03:00 Section: Daily DispatchesBy John Mauldin
DailyReckoning.com
Wednesday, November 10, 2004
http://www.dailyreckoning.com/home.cfm?
loc=/body_index3.cfm&qs=id=10759
The Federal Reserve defines the trade-weighted dollar as
"a weighted average of the foreign exchange value of the
U.S. dollar measured against a subset of the broad index
currencies that circulate widely outside the country of
A report from the New Orleans Investment Conference
Submitted by cpowell on Sun, 2004-11-14 03:00 Section: Daily Dispatches5:12p CT Sunday, November 14, 2004
Dear Friend of GATA and Gold:
News reports over the weekend, two of which are appended
here, suggest great stress in the currency markets, the
likelihood of intervention, and possibly even competitive
devaluations. If it comes to that, there may not be much
for the currencies to devalue against except gold and oil.
Please forgive the length of these reports but they may
Will NYSE bullion fund increase demand for real gold or just be more paper?
Submitted by cpowell on Sat, 2004-11-13 03:00 Section: Daily DispatchesBy Gertrude Chavez
Reuters
Friday, November 12, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6802038
NEW YORK -- The dollar slumped across the board Friday
as dealers shrugged off positive U.S. economic data amid
concerns about the currency's shaky fundamentals.
The dollar initially inched higher against the euro after a
Exchange-traded bullion fund expected to trade on NYSE next week
Submitted by cpowell on Fri, 2004-11-12 03:00 Section: Daily DispatchesFrom Reuters
Friday, November 12, 2004
a href=http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?http://yah...
duid=mtfh52251_2004-11-12_07-19-25_l12702029_newsml
NEW YORK -- A new gold bullion-backed exchange-traded
fund is expected to debut on the New York Stock Exchange
next week, according to a notification by UBS Investment
Resource Investor: Miners have bought as much gold sold by central banks
Submitted by cpowell on Fri, 2004-11-12 03:00 Section: Daily DispatchesBy Richard S. Appel
Financial Insights
November 4, 2004
Many investors and traders who have a keen desire
for higher gold complex prices believe that it will be
wonderful when gold finally breaks free from the
shackles that have long restrained it and soars
wildly higher in price. Some of these individuals
believe that gold is headed toward $600, while others
Gold at 16-year high, up $4 for week
Submitted by cpowell on Fri, 2004-11-12 03:00 Section: Daily Dispatches10:39a CT Friday, November 12, 2004
Dear Friend of GATA and Gold:
Tim Wood reports at ResourceInvestor.com that, contrary
to expectations, gold mining companies have not slowed
down the closing of their forward sales but rather seem
to have bought up all the gold sold by the European
central banks in recent years. You can find Wood's
report here:
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