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Daily Dispatches
Dollar''s share of central bank reserves rose in 2004, IMF reports
Submitted by cpowell on Wed, 2005-10-26 03:00 Section: Daily Dispatches5:11p ET Wednesday, October 26, 2005
Dear Friend of GATA and Gold:
In a new essay, silver advocate Jason Hommel examines
the Silver Users Association's fear of an exchange-traded
fund for silver, and thus the fear of investment in silver
and the compelling reasons for investors to get their
silver while they can. The essay is titled "Silver Users
Fear Silver Shortage" and you can find it at
David Morgan: The Silver Users Association is ''managing'' the price of silver
Submitted by cpowell on Wed, 2005-10-26 03:00 Section: Daily DispatchesPerhaps this means that the central banks
did more propping up of the dollar because
the ordinary markets wouldn't....
* * *
Market Insight: Reserve diversification and the dollar
By Chris Flood
Financial Times, London
Wednesday, October 26, 2005
http://news.ft.com/cms/s/f00bbfac-463e-11da-8880-00000e2511c8.html
Bema, Arizona Star, and Placer Dome settle Chilean mine project dispute
Submitted by cpowell on Wed, 2005-10-26 03:00 Section: Daily Dispatches11:11p ET Wednesday, October 26, 2005
Dear Friend of GATA and Gold:
Resource Investor today published an interview
with silver market analyst David Morgan, editor
of The Morgan Report, and put to him the
question: Is the Silver Users Association
"managing" the silver market?
Morgan answered affirmatively, pointing out that
silver is the only commodity for which a "users
London Telegraph acknowledges central bank interest in suppressing metals prices
Submitted by cpowell on Wed, 2005-10-26 03:00 Section: Daily DispatchesBema, Arizona Star and Placer Dome
Reach Agreement in Principle on Cerro Casale
Bema Gold. Corp. Press Release via Business Wire
6:54 p.m. Wednesday October 26, 2005
http://biz.yahoo.com/bw/051026/266258.html?.v=1
VANCOUVER, British Columbia -- Bema Gold Corp., Arizona Star
Resource Corp., and Placer Dome Inc. have agreed in principle
Market analyst Grandich supports GATA in Canadian TV interview
Submitted by cpowell on Tue, 2005-10-25 03:00 Section: Daily Dispatches12:28p ET Monday, October 24, 2005
Dear Friend of GATA and Gold:
Bloomberg News Service's Caroline Baum has
written a column, appended here, ridiculing
suggestions that the U.S. government might
be more involved in the equities, currency,
and gold markets than it lets on. While the
column is disappointing as journalism --
after all, journalism would consist of
requests for access to Federal Reserve and
''Helicopter Money'' Bernanke to replace Greenspan at Fed, AP says
Submitted by cpowell on Mon, 2005-10-24 03:00 Section: Daily Dispatches6:53p ET Sunday, October 23, 2005
Dear Friend of GATA and Gold:
The news story from India appended here shows the
ordinary and candid work of one particular central
bank that, fearing competition from gold, seeks to
discourage gold ownership among individuals and to
steer their wealth into paper financial instruments
instead.
The argument over just how productive and socially
useful gold is as an investment is an old one, but
Bloomberg''s Caroline Baum ridicules suggestions of market rigging
Submitted by cpowell on Mon, 2005-10-24 03:00 Section: Daily DispatchesBy The Associated Press
Monday, October 24, 2005
WASHINGTON -- President Bush picks Ben Bernanke,
chairman of the president's Council of Economic
Advisers, to replace Alan Greenspan as Fed
chairman, according to an administration official.
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James Turk: Tangible assets are better than promises
Submitted by cpowell on Sun, 2005-10-23 03:00 Section: Daily DispatchesJust think how they could help
disinfect a stinky financial system.....
* * *
From United Press International
Saturday, October 22, 2005
http://www.upi.com/NewsTrack/view.php?StoryID=20051022-022143-1679r
LONDON -- Tiny fragments of silver woven in cloth used for underwear
could end smelly undergarments, says a British underwear
Fearing competition, India''s central bank stalls gold market liberalization
Submitted by cpowell on Sun, 2005-10-23 03:00 Section: Daily Dispatches6p ET Sunday, October 23, 2005
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold and
Money Report and founder of GoldMoney, has
written some reflections on the collapse of the
Refco brokerage house. He concludes that it
is better to own tangible assets that someone's
promises. You can find his essay in the
"Founder's Commentary" box at the top left
of the GoldMoney home page here:
Silver fragments help end smelly underwear
Submitted by cpowell on Sat, 2005-10-22 03:00 Section: Daily DispatchesRogers Fund Halts Redemptions Due to Refco
By Herbert Lash
Reuters
Thursday, October 20, 2005
http://today.reuters.com/investing/financeArticle.aspx?
type=bondsNews&storyID=2005-10-
20T191035Z_01_N20537083_RTRIDST_0_FINANCIAL-REFCO-ROGERS-UPDATE-2.XML
NEW YORK -- A fund that tracks a commodities index created by