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Daily Dispatches
Dallas Fed president says dollar has to weaken
Submitted by cpowell on Thu, 2004-10-07 03:00 Section: Daily Dispatches6:12p ET Thursday, October 7, 2004
Dear Friend of GATA and Gold:
The American Stock Exchange has announced its
creation of a gold and silver mining company
index, the Amex Gold Miners Index, which will
trade under the symbol GDM. GoldSeek has the
story and a chart showing the composition of
the index. You can find it here:
Foreign central banks reduce U.S. government debt holdings
Submitted by cpowell on Thu, 2004-10-07 03:00 Section: Daily DispatchesBy Reuters
7:28p ET Thursday, October 7, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6446137
NEW YORK -- The widening U.S. current account
deficit will require a decline in the value of
the dollar, a top Federal Reserve official said
on Thursday.
Dallas Fed President Robert McTeer said there were
If you read The Gartman Letter, this stuff doesn''t happen
Submitted by cpowell on Thu, 2004-10-07 03:00 Section: Daily DispatchesFrom Reuters
Thursday, October 7, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh67727_2004-10-07_20-30-18_nat001004_newsml
NEW YORK -- Foreign central banks became sellers
of U.S. Treasuries in the latest week, cutting into
the annual pace of their accumulation of U.S. debt,
the Federal Reserve reported on Thursday.
First Silver Reserve starts holding its cash in silver
Submitted by cpowell on Thu, 2004-10-07 03:00 Section: Daily Dispatches"Conspiracies rarely exist."
-- Dennis Gartman in The Gartman Letter, September 14, 2004
* * *
4 Ex-Traders Plan to Enter Guilty Pleas;
False Gas Data at El Paso Corp. Led to Charges
By Tom Fowler
Houston Chronicle
Wednesday, October 6, 2004
Clive Maund: No stopping gold if the dollar caves in
Submitted by cpowell on Thu, 2004-10-07 03:00 Section: Daily DispatchesCompany Press Release
Thursday, October 7, 2004
http://biz.yahoo.com/ccn/041007/8eb82f3dcd4211be7b6d5f25592342a5_1.htm
l
VANCOUVER, British Columbia -- First Silver Reserve Inc.
(FSR on the Toronto Exchange) today announced that the
ccompany has invested a portion of its cash assets in
silver.
This silver was purchased in early September at prices
LeMetropole Cafe''s ''Midas'' commentary for Oct. 7 posted in the clear at GoldSeek
Submitted by cpowell on Thu, 2004-10-07 03:00 Section: Daily Dispatches9:53p ET Thursday, October 7, 2004
Dear Friend of GATA and Gold:
As we await tomorrow's announcements that all
those thousands of people laid off by AT&T and
Bank of America have just found jobs in the
U.S. Army's expeditionary force being sent to
Iran (yes, that's an "n," not a "q"), that
Osama bin Laden has been captured while working
the phones at Kerry campaign headquarters in
CNN/Money takes note of gold and gold stocks
Submitted by cpowell on Wed, 2004-10-06 03:00 Section: Daily Dispatches9:23p ET Tuesday, October 5, 2004
Dear Friend of GATA and Gold:
The importance of the speech of Oleg V. Mozhaiskov,
deputy chairman of the Bank of Russia, to the June
meeting of the London Bullion Market Association,
which the LBMA suppressed and which GATA finally
was able to obtain, was recognized yesterday by
gold market analyst John Brimelow.
Brimelow's analysis is included in the daily
Canada suddenly discovers that it''s a gold-mining country
Submitted by cpowell on Wed, 2004-10-06 03:00 Section: Daily DispatchesGold, and gold stocks, have enjoyed
a rapid run-up since May.
Do they have more room to run?
By Mark Gongloff
CNN/Money Senior Writer
Wednesday, October 6, 2004
http://money.cnn.com/2004/10/06/markets/gold/?cnn=yes
NEW YORK -- Confronted with a shaky U.S. dollar,
soaring oil prices, sluggish stocks, and the
ever-present threat of terrorism, investors have
Keith Barron: Rigging the gold market is nothing new
Submitted by cpowell on Wed, 2004-10-06 03:00 Section: Daily DispatchesCanada Resists British Plan
to Revalue IMF Gold Reserves
ByBarrie McKenna
The Globe & Mail, Toronto
Monday, October 4, 2004
http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/2004100
4/RWORBANK04/TPBusiness/?query=IMF
WASHINGTON -- Canada has thrown up a major
new roadblock to a debt-cancellation deal for the
More proof of central bank intervention against gold, and that it''s failing
Submitted by cpowell on Tue, 2004-10-05 03:00 Section: Daily Dispatches8:20p ET Monday, October 4, 2004
Dear Friend of GATA and Gold:
Here's another great story by Reuters' Canadian
mining correspondent, Nicole Mordant. It's about
objections in Canada to the Chinese government's
bid for the great Canadian mining house, Noranda.
One need no special sympathy for the Chinese to
see that these objections are awfully hypocritical.
Canada has aligned itself slavishly to the U.S.
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