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Daily Dispatches
Sinclair on currency intervention, and The Economist on the dollar''s future
Submitted by cpowell on Thu, 2004-12-02 03:00 Section: Daily DispatchesWhy America is switching to a weak dollar policy
By Martin Wolf
Financial Times, London
Wednesday, December 1, 2004
http://news.ft.com/cms/s/69dceca6-433f-11d9-bea1-00000e2511c8.html
How far might the dollar fall?
By as much as 50 percent from its peak, in trade-weighted
nominal terms, suggest two distinguished international
Join GATA at the 2005 Vancouver Resource Investment Conference
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily Dispatches10:07p ET Tuesday, November 30, 2004
Dear Friend of GATA and Gold:
Some things of special interest tonight at
Resource Investor:
* Covering the San Francisco Gold and Precious
Metals Conference, Tim Wood reports on Newmont
Mining President Pierre Lassonde's keynote
address, which predicted a four-digit gold
price. Lassonde said: "At the end of the day,
all currencies will have to depreciate against
Newmont Mining president acknowledges that gold market might be rigged
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily Dispatches1:26a ET Wednesday, December 1, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy will be among the
speakers at the 2005 Vancouver Resource
Investment Conference on Sunday and Monday,
January 23 and 24, at the beautiful
Vancouver Convention and Exhibition Centre
on the city's waterfront.
But don't despair if you're almost as tired
of Murphy as you are of the central banks'
Here come competitive devaluations, and then gold may rise in other currencies
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily Dispatches5:20p ET Wednesday, December 1, 2004
Dear Friend of GATA and Gold:
Progress often comes very slowly, so it's a
thrill whenever you can notice it, as with
Newmont Mining President Pierre Lassonde's
speech Monday to the San Francisco Gold and
Precious Metals Conference.
The speech was transcribed by Resource
Investor's Tim Wood, who quoted Lassonde as
recognizing GATA indirectly:
"Gold today is as close to a currency as you will
Will China''s gold craze give victory to real metal or just paper?
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily DispatchesDollar Crumbles to Record Low Vs. Euro
By Eric Burroughs
Reuters
Wednesday, December 1, 2004
http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=6972430
TOKYO -- The dollar sank to a record low against
the euro on Thursday and stood near a 12-year low
vs. the pound after a round of robust U.S. economic
data failed to dispel increasingly negative sentiment
More dollar devaluation of as much of 34 percent is only realistic solution
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily DispatchesNew Wave of Gold Rush Hits China
By Liu Jie
China Daily, Beijing
Thursday, December 2, 2004
http://www.chinadaily.com.cn/english/doc/2004-12/02/content_396688.htm
The gold rush is reaching a feverish pitch in major
cities across China.
In a Beijing store, 300 kilograms of gold bars minted
by the China Gold Coin Inc. to commemorate the
GATA Chairman Murphy to be interviewed on Tom O''Brien program
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily DispatchesBy Larry Neumeister
Associated Press
Monday November 29, 2004
http://biz.yahoo.com/ap/041129/apartheid_lawsuits_2.html
NEW YORK -- Lawsuits seeking more than $400 billion
in damages from U.S. corporations for victims of
apartheid in South Africa were tossed out Monday
by a federal judge who said the claims bordered on
Economists say dollar still has a long way to fall
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily Dispatches12:02a ET Tuesday, November 30, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy will be interviewed at
about 5:20 p.m. ET today on Tom O'Brien's Internet
radio program on the Tiger Financial News Network.
If your computer has a media player, you should
be able to listen to it live or, later, archived
here:
Dollar reaches record low as European Central Bank may let euro strengthen
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily DispatchesEconomists Say Dollar Has Long Way to Fall;
15% Drop Urged Against Asian Currencies
By Corbett B. Daly
CBSMarketWatch
Tuesday, November 30, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BA9839C5D%2DEA54%
2D422E%2D8D8A%2D0DBC155292B0%7D&siteid=mktw
WASHINGTON --- Despite the steady decline in the
Fund manager sees gold above $500 in one year, then higher still
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily DispatchesBy Vivianne C. Rodrigues and Mark Tannenbaum
Bloomberg News Service
Tuesday, November 30, 2004
http://www.bloomberg.com/apps/news?
pid=10000101&sid=aTS926UikSV0&refer=japan
NEW YORK -- The dollar reached a record low against
the euro for the 10th time this month on speculation
European finance officials will refrain from selling their
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