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Daily Dispatches
Clive Roffey on the panic selling of Durban Deep shares
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesBy Bill Fleckenstein
MSN Money
Monday, February 28, 2005
http://moneycentral.msn.com/content/P108997.asp
This week I'd like to put into perspective a few recent developments:
Problems in the housing-ATM food chain, inflation concerns and news
that the South Korean central bank planned to diversify its dollar
reserves.
Prerequisite to current events: Bubble 101
Sure, there''s no inflation ... at least not in the precious metals markets
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily Dispatches8:32p ET Monday, February 28, 2005
Dear Friend of GATA and Gold:
Clive Roffey, editor of Gold Action, has interesting
commentary about last week's panic selling of the
shares of Durban Deep, a longtime supporter of GATA.
It's called "DROOY Panic" and you can find it at
GoldSeek here:
Indians soon may get a chance to be like Westerners and pretend to own gold
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily Dispatches"Inflation remains well controlled."
-- Federal Reserve Governor Ben Bernanke,
Thursday, February 24, 2005.
"What remains 'well controlled' is
only the precious metals market."
-- Joe Gata, Monday, February 28, 2005.
* * *
Commodity Prices Rise
to 24-Year High as Demand Grows
By Claudia Carpenter
Bloomberg News Service
Monday, February 28, 2005
Financial Times: Why Bush should heed Asia''s central bankers
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesYellow Metal to be Traded in Paper Form
Business Standard, Mumbai
Tuesday, March 01, 2005
http://www.business-standard.com/smartinvestor/storypage.php?
chklogin=N&autono=182101&lselect=1&leftnm=lmnu6&leftindx=6
The Union finance minister today announced that the Securities
Exchange Board of India (Sebi) and the Reserve Bank of India (RBI)
Citigroup will have fewer employees to rig markets with
Submitted by cpowell on Mon, 2005-02-28 03:00 Section: Daily DispatchesBy Chris Giles, Economics Editor
Financial Times, London
Saturday, February 26, 2005
http://news.ft.com/cms/s/06037bfe-87a1-11d9-ab48-00000e2511c8.html
Remember these names. Toshihiko Fukui. Zhou Xiaochuan. Perng Fai-
Nan. Park Seung. Joseph Yam. And Yaga Venugopal Reddy. They are the
central bank governors of Japan, China, Taiwan, South Korea, Hong
William Pesek Jr.: Is Kafka running Korea''s currency policy?
Submitted by cpowell on Sun, 2005-02-27 03:00 Section: Daily DispatchesExpert View:
Diversification From the East
Could Send the Dollar South
By Bill Robinson
The Independent, London
Sunday, February 27, 2005
The renewed weakness of the dollar last week may be the beginning of
the end of a set of fundamentally unsustainable arrangements that
have nevertheless proved surprisingly durable because they have
suited all the participants rather well.
The weakness of the dollar is usually blamed on the US twin
James Turk: The truth behind the proposal to sell IMF gold
Submitted by cpowell on Sun, 2005-02-27 03:00 Section: Daily DispatchesBy William Pesek Jr.
Bloomberg News Service
Friday, February 25, 2005
http://www.bloomberg.com/news/commentary/wpesek.html
It's THE question in global currency markets: What force of nature
prompted South Korea suddenly to scrap plans to sell dollars?
On Tuesday, the dollar was plunging amid a comment by Asia's No. 3
economy that it would diversify foreign-exchange reserves into other
Australians fear U.S. financial crash that will depress world economy
Submitted by cpowell on Sat, 2005-02-26 03:00 Section: Daily Dispatches8:16p ET Friday, February 25, 2005
Dear Friend of GATA and Gold:
MiningMX has some good stories tonight from
South Africa about Harmony's retreating from
its plans to acquire Gold Fields, DRDGold's
financial trouble, and a report from the World
Jewelry Council about the decline of gold
production to the lowest level in 60 years.
You can find it all here:
Nobody thinks central bank diversification out of dollar is over, trader says
Submitted by cpowell on Sat, 2005-02-26 03:00 Section: Daily DispatchesDavid Uren and Roy Eccleston
The Australian, Sydney
Friday, February 25, 2005
http://www.theaustralian.news.com.au/common/story_page/0,5744,1236420
2%255E601,00.html
Treasurer Peter Costello's closest adviser fears the US is heading
for a devastating financial crash that could ravage Australia's
economic growth.
China says it will act this year on currency convertibility
Submitted by cpowell on Sat, 2005-02-26 03:00 Section: Daily DispatchesBy Vivianne Rodrigues and Jake Lee
Bloomberg News Service
Saturday, February 26, 2005
http://www.bloomberg.com/apps/news?
pid=10000101&sid=aNz8wqTfieBA&refer=japan
The dollar fell against the euro and the yen for a second week on
speculation Asian central banks may slow purchases of U.S. assets
and use other currencies for reserves.
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