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Daily Dispatches
Bank of Italy says switch to pounds doesn't anticipate dollar crash
Submitted by cpowell on Fri, 2006-08-04 01:16 Section: Daily DispatchesFrom Reuters
Thursday, August 3, 2006
http://asia.news.yahoo.com/060803/3/2nzjk.html
ROME -- The Bank of Italy said on Thursday that its action last year in slashing dollar reserves and switching heavily into the British pound was not motivated by any expectation of a slide in the dollar.
A senior BOI official denied a report in Britain's Telegraph newspaper that cited an Italian official saying the BOI had been acting in advance of an expected dollar fall linked to the end of the Federal Reserve's campaign of monetary tightening.
James Turk: Another good month
Submitted by cpowell on Wed, 2006-08-02 11:34 Section: Daily Dispatches11:30a ET Wednesday, August 2, 2006
Dear Friend of GATA and Gold:
James Turk, founder of GoldMoney, editor of the Freemarket Gold & Money Report, and consultant to GATA, reflects on gold and silver in his new analysis, "Another Good Month," and concludes that silver is likely to outperform gold henceforth.
You can find Turk's analysis in the "Founder's Commentary" box at the top left of the GoldMoney home page here:
It's a wonderful life: John Embry is interviewed on ROB-TV
Submitted by cpowell on Tue, 2006-08-01 23:58 Section: Daily DispatchesDear Friend of GATA and Gold:
It's the wrong season -- too warm -- for television to be broadcasting "It's A Wonderful Life," but Report on Business Television in Canada today broadcast the summer equivalent: a "Market Call" interview by Jim O'Connell of Sprott Asset Management's chief investment strategist, John Embry.
Embry discussed manipulation of the gold market, predicted that the next move up in gold will be a big one, and reviewed the prospects for a large number of mining companies, including three GATA supporters -- Agnico-Eagle, ECU Silver, and North Atlantic Resources.
Amid huge trade deficit, new treasury secretary picks up 'strong dollar' mantra
Submitted by cpowell on Tue, 2006-08-01 17:52 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
Tuesday, August 1, 2006
http://news.yahoo.com/s/ap/20060801/ap_on_go_ca_st_pe/paulson;_ylt=Al35z...
Treasury Secretary Henry Paulson voiced support for a strong dollar on Tuesday and said America "must welcome competition, not run away from it" if the country wants to maintain a competitive advantage.
Amid huge trade deficit, new treasury secretary picks up 'strong dollar' mantra
Submitted by cpowell on Tue, 2006-08-01 17:40 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
Tuesday, August 1, 2006
http://news.yahoo.com/s/ap/20060801/ap_on_go_ca_st_pe/paulson;_ylt=Al35z...
Treasury Secretary Henry Paulson voiced support for a strong dollar on Tuesday and said America "must welcome competition, not run away from it" if the country wants to maintain a competitive advantage.
Greg Peel: Did U.S. Treasury manipulate the gold price down?
Submitted by cpowell on Tue, 2006-08-01 17:14 Section: Daily DispatchesDear Friend of GATA and Gold:
Greg Peel of FN Arena News, an Australian Internet site,
cites GATA at length in his essay posted today, "Did
the U.S. Treasury Manipulate the Gold Price Down?"
You can find it here:
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=C810C7B8-17A4-1130...
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Peter Brimelow: Harry Schultz suspects market manipulation
Submitted by cpowell on Mon, 2006-07-31 08:00 Section: Daily DispatchesSchultz Suspects Market Manipulation;
Veteran Gold Bug Also Worries
About U.S. Recession in 2007
Peter Brimelow
CBSMarketWatch.com
Monday, July 31, 2006
http://www.marketwatch.com/news/story/Story.aspx?guid=%7B88655570%2D6211...
NEW YORK -- A strong week for stocks, but the top-performing letter isn't buying.
The International Harry Schultz Letter's portfolio has gained up 94.9% over the past 12 months according to the Hulbert Financial Digest, vs. 9.8% for the dividend-reinvested Dow Jones Wilshire 5000.
Former Malaysian prime minister urges dollar boycott to pressure U.S.
Submitted by cpowell on Sun, 2006-07-30 00:30 Section: Daily DispatchesFrom Malaysian National News Agency (Bernama)
Kuala Lumpur, Malaysia
Saturday, July 29, 2006
http://www.bernama.com.my/bernama/v3/news.php?id=211207
LANGKAWI, Malaysia -- Former Prime Minister Tun Dr. Mahathir Mohamad on Saturday urged countries to stop using the U.S. dollar in their international trade in order to pressure Washington to end its support for Israel's savage attack on Lebanon.
Grandich injects 'gold cartel' into CBSMarketWatch report
Submitted by cpowell on Thu, 2006-07-27 21:01 Section: Daily DispatchesGold Rallies on Weak Dollar, Mideast Fighting
By Polya Lesova
CBSMarketWatch.com
Thursday, July 27, 2006
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BAAC61EE7%2D2762...
NEW YORK -- Gold futures extended their prior-session gains on Thursday, strengthened by the falling dollar and dimmed hopes of near-term peace between Israel and Lebanon. Gold for August delivery was last trading up $11.90 at $633.80 an ounce on the New York Mercantile Exchange.
James Turk: A trendless dollar will break down soon
Submitted by cpowell on Thu, 2006-07-27 08:26 Section: Daily DispatchesDear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, says his charts show that the U.S. dollar has not been able to regain the baseline of its three-year uptrend channel, and
so he expects the dollar to break sharply below it, even to the point of a rout. Turk's commentary is headlined "A Trendless Dollar" and you can find it in the "Founder's
Pages
