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Daily Dispatches
Newmont''s Lassonde bullish, AngloGold''s Williams cautious on gold''s direction
Submitted by cpowell on Thu, 2004-09-30 03:00 Section: Daily Dispatches5:15p ET Wednesday, September 29, 2004
Dear Friend of GATA and Gold:
Our colleague James E. Sinclair, chairman and
CEO of Tan Range Exploration and proprietor of
JSMineset.com, announced at his Internet site
today the death of his wife, Barbara, in an auto
accident in India this week.
Perhaps no one has done more for the gold cause
over many years than Jim, who has freely shared
his market expertise and kept up our side's
James Turk: Finance ministers won''t be changing market trends
Submitted by cpowell on Thu, 2004-09-30 03:00 Section: Daily DispatchesMining executives disagree on state of gold market
By Steve James
Reuters
Wednesday, September 29, 2004
http://reuters.com/newsArticle.jhtml?type=topNews&storyID=6371155
DENVER -- Senior executives of the world's top two
gold producers disagreed on Wednesday over the
state of the market for the precious metal, often
Invest so that you''re insulated against a rapidly depreciating currency
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily DispatchesGoldcorp CEO McEwen: Gold To Hit $850 An Ounce
By Heather Draper
Dow Jones Newswires
Tuesday, September 28, 2004
DENVER -- One of the gold industry's biggest bulls
believes gold prices will hit at least $850 a troy
ounce within the next few years.
Goldcorp Inc. Chief Executive Rob McEwen said
"gold is money" and warned that the ballooning U.S.
budget deficit and inflated real-estate market will
Bond manager Bill Gross joins the conspiratorial kooks
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily Dispatches12:45a ET Wednesday, September 29, 2004
Dear Friend of GATA and Gold:
The wonderful essay below by Karim Rahemtulla,
written for DailyReckoning.com, makes reference
to last year's New Orleans Investment Conference
and gives you an idea of the profitable investment
ideas that came out of it -- and will come out of
this year's conference, to be held from Wednesday,
November 10, through Sunday, November 14.
IMF calls on China to drop yuan''s peg to dollar
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily Dispatches9:11a ET Wednesday, September 29, 2004
Dear Friend of GATA and Gold:
Add to the list of respectable people who are
starting to sound like GATA lunatics the
managing director of Pacific Investment
Management Co. (PIMCO), Bill Gross, who
is said to be the most important bond
manager in the world.
In commentary just posted at the PIMCO
Internet site, Gross addresses the fraud of
U.S. government inflation and productivity
Ted Butler: China confirms the obvious about the shortage of raw materials
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily DispatchesBy Tim Ahmann
Reuters
Wednesday, September 29, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6366960
WASHINGTON -- The International Monetary Fund on
Wednesday called on China to drop the yuan currency's
tight peg to the dollar to help keep domestic inflation
under control and bring more balance to the global
GATA extends condolences to Jim Sinclair and his family
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily DispatchesBy Ted Butler
September 29, 2004
Once again the COTs correctly depicted the market
structure and foretold the price direction in silver.
Following the tech fund long liquidation and sharp
selloff, the silver market rallied smartly once the
tech funds were cleaned out, as suggested in last
week's article, "The Setup?"
While it remains to be seen if this move turns into
Chinese premier receives Rubin and talks about exchange rate ''reform''
Submitted by cpowell on Tue, 2004-09-28 03:00 Section: Daily DispatchesNY crude futures hit $50 in evening trading
By Myra P. Saefong
CBS.MarketWatch.com
Monday, September 27, 2004
http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=%
7B0404CF68%2D8E15%2D4138%2DB032%2D4D13DBA3304E%7D&siteid=mktw
SAN FRANCISCO -- Crude futures hit $50 a barrel
in evening trading Monday, continuing higher after
Argentina''s central bank moves more reserves into gold
Submitted by cpowell on Tue, 2004-09-28 03:00 Section: Daily DispatchesPremier says China to make yuan more flexible
Reuters
Tuesday, September 28, 2004
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh92754_2004-09-28_11-51-09_pek174607_newsml
BEIJING -- Chinese Premier Wen Jiabao pledged on
Tuesday to push ahead with reform of the yuan
currency and make the exchange rate mechanism
China is contemplating getting out of the dollar
Submitted by cpowell on Tue, 2004-09-28 03:00 Section: Daily DispatchesArgentina's Central Bank Increases Gold Reserves
Reuters
Tuesday, September 28, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6351310
LONDON -- Argentina's central bank bought more
gold in July and August, taking its gold reserves up
to 1.77 million troy ounces by the end of August, or
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