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Daily Dispatches
Gold is cheaper than ever relative to oil, Resource Investor reports
Submitted by cpowell on Mon, 2005-06-27 03:00 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch.com
Monday, June 27, 2005
http://www.Marketwatch.com/news/story.asp?
column=Peter+Brimelow&siteid=mktw&dist=
NEW YORK -- Gold grinds on -- but a new gold vehicle has the
newsletters quarrelling.
Bullion finished last week above $440, after exceptional volume,
reflecting an extraordinary clash between buyers and sellers.
Peter Schiff: America''s relationship with China is ''theater of the absurd''
Submitted by cpowell on Mon, 2005-06-27 03:00 Section: Daily Dispatches10:32p ET Monday, June 27, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood reports tonight that
the gold/oil price ratio has reached a record
disproportion, with gold priced lower than ever
relative to oil. Wood declines to speculate on
causes for this, but in his debate May 23 with
GATA consultant James Turk in New York during
the gold show there, a transcript of which can be
Turk was misquoted on Buffett but sees more breakouts for gold
Submitted by cpowell on Sun, 2005-06-26 03:00 Section: Daily DispatchesGold rush may mean inflation bust;
The metal's recent jump worldwide
and high oil prices signal
serious inflation pressures ahead.
By Katie Benner
CNN/Money
Friday, June 24, 2005
http://money.cnn.com/2005/06/24/markets/gold_inflation/index.htm?
section=money_topstories
NEW YORK -- Gold rising along with the dollar -- and with oil
What if the yuan is actually in worse shape than the dollar?
Submitted by cpowell on Sun, 2005-06-26 03:00 Section: Daily Dispatches12:01p ET Sunday, June 26, 2005
Dear Friend of GATA and Gold:
The CNN/Money news story that was dispatched to
you yesterday and that included comments from
GATA consultant James Turk misquoted him in
regard to the renowned investor Warren Buffett.
Contrary to the assertion in the story, Turk says
he has no knowledge that Buffett is buying gold.
Of course Buffett's negative views on the U.S.
Japan would like to diversify out of dollar, deputy finance minister says
Submitted by cpowell on Sun, 2005-06-26 03:00 Section: Daily Dispatches12:18p ET Sunday, June 26, 2005
Dear Friend of GATA and Gold:
What if, far from being a potential powerhouse and
grossly undervalued, the Chinese currency, the
yuan, is actually even less sound than the U.S.
dollar?
Alex Wallenwein, editor and publisher of the A1
Guide to Gold Investments, writes in a new essay,
"China's Dirty Trick," that there's plenty of
reason to think so and even evidence that the
Hope grows that Fed''s next interest rate increase will be the last
Submitted by cpowell on Sun, 2005-06-26 03:00 Section: Daily DispatchesFrom AFX News Ltd.
via Forbes
Sunday, June 26, 2005
http://www.Forbes.com/markets/feeds/afx/2005/06/26/afx2111385.html
TIANJIN, China -- Japan hopes to rebalance its foreign exchange
reserves with less US dollars when the dollar regains enough
strength to withstand such a reform, a Japanese finance official
In Washington, China has gotten almost too big to criticize
Submitted by cpowell on Sat, 2005-06-25 03:00 Section: Daily Dispatches10:33a ET Friday, June 24, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary
for Thursday, June 23, at LeMetropoleCafe.com
has been posted in the clear at GoldSeek.com
here:
http://news.goldseek.com/LemetropoleCafe/1119624993.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CNN/Money story on gold quotes GATA consultant James Turk
Submitted by cpowell on Sat, 2005-06-25 03:00 Section: Daily DispatchesBy Edmund L. Andrews
The New York Times
Friday, June 24, 2005
http://www.nytimes.com/2005/06/24/business/worldbusiness/24trade.html
WASHINGTON, June 23 -- For the Bush administration and even for many
members of Congress, China has become almost too big to bash.
A day after one of China's state-controlled oil companies made an
Gold rises in New York on speculation China will revalue yuan
Submitted by cpowell on Fri, 2005-06-24 03:00 Section: Daily Dispatches8:38p ET Thursday, June 23, 2005
Dear Friend of GATA and Gold:
In a new essay for KitcoCasey.com, GATA board
member Ed Steer describes the imminent mangling
of the Community Research Bureau (CRB) Index,
whose components shortly will be rebalanced
monthly according to an arbitrary reading of
which commodities are more important in any
particular month. Steer writes that this is a
natural progression from the rigging of the
Murhphy''s ''Midas'' commentary for June 23 posted at GoldSeek
Submitted by cpowell on Fri, 2005-06-24 03:00 Section: Daily DispatchesBy Pham-Duy Nguyen
Bloomberg News Service
Thursday, June 23, 2005
http://www.bloomberg.com/apps/news?
pid=10000080&sid=aXqKxtJ7mmRo&refer=asia
Gold prices in New York rose to a three-month high amid speculation
China soon will raise the value of the yuan against the dollar,
boosting the appeal of precious metals as an alternative to
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