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Daily Dispatches
Ted Butler: Break on through to the other side
Submitted by cpowell on Tue, 2005-02-08 03:00 Section: Daily DispatchesBy Lewa Pardomuan
Reuters
Monday, February 7, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=businessNews&localeKey=en_ZA&storyID=7553117
SINGAPORE -- Gold sales by the International Monetary Fund for third-
world debt relief could weaken bullion prices over the longer run
but any dip could be temporary because of strong demand at lower
A look at the decline in purchases of U.S. government debt by central banks
Submitted by cpowell on Tue, 2005-02-08 03:00 Section: Daily DispatchesBy Theodore Butler
InvestmentRarities.com
Tuesday, February 8, 2005
First, a few words about the latest Commitment of
Traders Report (COT).
In silver, there were no surprises, and the market
structure continues to improve. All told, the dealers'
net short position has declined (improved) by some
42,000 futures contracts (210 million ounces) since
the top in early December. I wish there were another
Dollar gains as Fed governor says U.S. is attracting ''tremendous'' investment
Submitted by cpowell on Tue, 2005-02-08 03:00 Section: Daily Dispatches4:06p ET Tuesday, February 8, 2005
Dear Friend of GATA and Gold:
Ned W. Schmidt, editor of the Value View Gold Report,
examines the decline in purchases of U.S. government
debt by foreign central banks in a new essay,
"Moneyization, Part 7," at FinancialSense.com here:
http://www.financialsense.com/editorials/schmidt/2005/0207.html
Even if IMF sold gold, it probably would remain in government hands
Submitted by cpowell on Tue, 2005-02-08 03:00 Section: Daily DispatchesBy Rodrigo Davies
Bloomberg News Service
Tuesday, February 8, 2005
http://www.bloomberg.com/apps/news?
pid=10000100&sid=aA6F1ffAjpUQ&refer=germany
The dollar climbed to an almost two-month high against the yen after
Federal Reserve Governor Susan Bies said the United States is
attracting a "tremendous amount" of investment.
Gold market wary of big IMF sales but demand remains strong
Submitted by cpowell on Mon, 2005-02-07 03:00 Section: Daily DispatchesIMF Looks at Gold Sale Options for Debt Relief
By Andrew Balls, Chris Giles,
and Scheherazade Daneshkhu
Financial Times, London
Sunday, February 6, 2005
http://news.ft.com/cms/s/8c757556-787a-11d9-9961-00000e2511c8.html
The International Monetary Fund is preparing a report on the
potential sale of a portion of its gold reserves in a move that would
James Turk: More bounce in the dollar but it changes little
Submitted by cpowell on Sun, 2005-02-06 03:00 Section: Daily DispatchesCitigroup Puts Four Bond Dealers on Leave
Pending Investigation of Suspicious Trade
By The Associated Press
Saturday, February 5, 2005
http://biz.yahoo.com/ap/050205/britain_citigroup_1.html
LONDON -- Citigroup Inc. has said it placed four dealers
on paid leave pending an investigation of a suspicious
bond trade.
Sunday''s Financial Times reports on the perpetual IMF gold sales frenzy
Submitted by cpowell on Sun, 2005-02-06 03:00 Section: Daily Dispatches1:30p ET Sunday, February 6, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the Freemarket
Gold & Money Report and founder of GoldMoney, has
posted new commentary. While it is titled "More Bounce
in the Dollar," it concludes that "nothing has changed
to reverse the dollar's long-term bear market." You can
find Turk's analysis in the "Founder's Commentary"
G7 send IMF back to the drawing board on using gold for debt relief
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesRussia Ends De-Facto Dollar Peg
and Moves to Align Rouble with Euro
By Steve Johnson
Financial Times
Saturday, February 5, 2005
http://news.ft.com/cms/s/cb1cd3e0-771b-11d9-b897-00000e2511c8.html
LONDON -- Russia said yesterday it had abandoned efforts
to tie the rouble's movement closely to the dollar and
China is determined to let yuan float ... someday
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesBy Sumeet Desai and Stella Dawson
Reuters
Saturday, February 5, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7547048
LONDON -- The Group of Seven wealthy nations pledged to increase
Third World debt relief on Saturday but a deal struck after major
disagreements fell short of proposals floated by British finance
Diverting demand for real metal, ETFs may indicate that supplies are low
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesChina: No timetable for yuan float;
But central banker says it's determined to make the move
CBSMarketWatch.com
Saturday, February 5, 2005
http://cbs.marketwatch.com/news/story.asp?guid=%7BBFF9EF70%2D26D8%
2D4283%2DAEF6%2D0EC05D1F2A67%7D&siteid=mktw
LONDON -- China has no timetable for allowing the yuan to trade more
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