You are here
Daily Dispatches
James Turk and Bobby Godsell expect imminent rise for gold
Submitted by cpowell on Mon, 2005-04-11 03:00 Section: Daily DispatchesGold: The Only Currency
that Can't Be Printed
The world is starting to see that it's not just the dollar that has
serious problems. Brewing financial crises and weak currencies make
gold the best choice for crisis protection.
By Bill Fleckenstein
MSNMoney.com
Monday, April 11, 2005
Complete account of Godsell remarks at MineWeb
Submitted by cpowell on Mon, 2005-04-11 03:00 Section: Daily Dispatches8:50p ET Monday, April 11, 2005
Dear Friend of GATA and Gold:
Two bullish predictions for gold today.
The first comes from GoldMoney founder James
Turk, editor of the Freemarket Gold & Money
Report and consultant to GATA, who observes
that gold is starting to move higher in several
major currencies and writes that he'll stick
his neck out and predict an imminent rise.
You can find Turk's analysis, "Gold Looks
Japan and South Korea say they won''t change composition of FX reserves
Submitted by cpowell on Sun, 2005-04-10 03:00 Section: Daily DispatchesBy Heather Stewart
The Observer, London
Sunday, April 10, 2005
http://politics.guardian.co.uk/election/story/0,15803,1456397,00.html
Gordon Brown's year-long anti-poverty crusade is in jeopardy this
week as the US prepares to block his plans for a sale of
International Monetary Fund gold reserves to raise cash for debt
Bernanke seen as favorite to succeed Greenspan as Fed chairman
Submitted by cpowell on Sun, 2005-04-10 03:00 Section: Daily DispatchesFrom Reuters
Sunday, April 10, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=8134006
GINOWAN, Japan -- Japan and South Korea both indicated on Sunday
that they would not change the composition of their massive, dollar-
heavy foreign reserves.
Currency markets have been on alert for any sign of changes in the
Inflation seen as inevitable, search for inflation hedge seen helping gold
Submitted by cpowell on Sun, 2005-04-10 03:00 Section: Daily DispatchesBy Caren Bohan and Tim Ahmann
Reuters
Sunday, April 10, 2005
http://www.reuters.com/newsArticle.jhtml?
type=topNews&storyID=8135035
WASHINGTON -- Federal Reserve Governor Ben Bernanke has the edge in
the latest betting over who will succeed Alan Greenspan as Federal
Reserve chief, but sources close to the Bush administration say it
Bank of France governor declines opportunity to disparage dollar
Submitted by cpowell on Sun, 2005-04-10 03:00 Section: Daily DispatchesBy Choy Leng Yeong
Bloomberg News Service
Monday, April 11, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=alP9ViJ8xZ6k&refer=top_world_news
Gold may rise for a third week on speculation accelerating inflation
will boost the allure of the precious metal as a hedge.
Twenty-two of 43 traders, investors, and analysts surveyed April 7
Paul Volcker: U.S. economy is on thin ice
Submitted by cpowell on Sun, 2005-04-10 03:00 Section: Daily DispatchesDidier Testot and Simone Meier
China Daily, Beijing
Monday, April 11, 2005
http://www.chinadaily.com.cn/english/doc/2005-
04/11/content_432902.htm
Bank of France Governor Christian Noyer said he has "no special plan
to modify the composition" of the central bank's foreign-exchange
reserves this year as the bank sells gold to buy currencies.
U.S. will beat British chancellor''s campaign to beat poverty with IMF gold sales
Submitted by cpowell on Sat, 2005-04-09 03:00 Section: Daily DispatchesFrom Reuters
Thursday, April 7, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=businessNews&localeKey=en_ZA&storyID=8116730
FRANKFURT -- The European Central Bank is cautious about a proposal
for the International Monetary Fund to sell gold reserves to fund
development aid for poor nations, ECB President Jean-Claude Trichet
Is U.S. really opposed to selling IMF gold, and, if so, what''s the real reason?
Submitted by cpowell on Thu, 2005-04-07 03:00 Section: Daily Dispatches11:24p ET Tuesday, April 5, 2005
Dear Friend of GATA and Gold:
Today the chairman of the Joint Economic Committee
of Congress announced that he opposes and expects
Congress to oppose the sale of the International
Monetary Fund's gold. As you can read in a special
"Midas" commentary just written by GATA Chairman
Bill Murphy at LeMetropoleCafe.com, GATA's
chairman was lobbying the committee chairman on
Ted Butler: Silver, silver everywhere
Submitted by cpowell on Thu, 2005-04-07 03:00 Section: Daily Dispatches11:58p ET Wednesday, April 5, 2005
Dear Friend of GATA and Gold:
The Bloomberg story appended here shows that the
statement of U.S. Rep. James Saxton, chairman of
the Joint Economic Committee of Congress,
opposing the sale of gold by the International
Monetary Fund has gotten a lot of notice even as
it has raised some questions.
-- The United States and Britain are allies, so
would the British finance minister be agitating
Pages
