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Daily Dispatches
Most G-7 members favor IMF gold sales, German newspaper says
Submitted by cpowell on Fri, 2005-02-25 03:00 Section: Daily DispatchesFrom Reuters
Wednesday, February 23, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7720214
NEW YORK -- The head of the International Monetary Fund on Wednesday
urged the United States to put in place policies that will ensure
any fall in the dollar caused by big U.S. trade imbalances will not
Donald Luskin: One man''s ''barbarous relic'' is another man''s indestructible money
Submitted by cpowell on Fri, 2005-02-25 03:00 Section: Daily DispatchesFrom Reuters
Friday, February 25, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp;:421f2109:1412166c8
a5fa683?type=businessNews&localeKey=en_ZA&storyID=7740646
FRANKFURT -- A majority of Group of Seven members favour selling some
of the International Monetary Fund's gold reserves to finance debt
MiningMX on Harmony, DRDGold, and a decline in world gold production
Submitted by cpowell on Fri, 2005-02-25 03:00 Section: Daily Dispatches6:55p ET Friday, February 25, 2005
Dear Friend of GATA and Gold:
The author of the commentary from Smart Money
magazine that is appended here recognizes that
gold is money. Why he thinks that the
exchange-traded gold fund he recommends is
necessarily gold is something else. But take
it for what it's worth.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Asian policy makers met to discuss dollar''s slide
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily Dispatches11:06p ET Wednesday, February 23, 2005
Dear Friend of GATA and Gold:
The Financial Times editorial appended here
is interesting for acknowledging that the
U.S. dollar stays afloat only with the
greatest assistance from foreign central
banks and that the first central bank to
start dumping dollars wins while the others
are likely to lose.
But the FT editorial is a bit dense for not
acknowledging something else in regard to
Consumer demand for gold rose in 2004 for first time in four years
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesBy Janet Ong
Bloomberg News Service
Thursday, February 24, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=a7g.FfwU9C_8&refer=top_world_news
SHANGHAI -- Policy makers from Japan, China, South Korea, and
Southeast Asian nations met in Thailand this week to discuss the
impact of the dollar's slide on the region's economies, according to
If a currency can feel, the dollar feels vulnerable
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesBy Veronica Brown
Reuters
Thursday, February 24, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp;:421d7dca:c3b11d36
3271e2f?type=businessNews&localeKey=en_ZA&storyID=7722316
LONDON --- Consumer demand for gold jumped 7 percent in 2004 -- the
first rise in four years -- with sharp price rises failing to deter
Newmont sees dollar slipping more and gold at $425-$475
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesBy Jonathan Fuerbringer
The New York Times
Thursday, February 24, 2005
http://www.nytimes.com/2005/02/24/business/24dollar.html
The dollar's plunge Tuesday and its small rebound yesterday
underscored how vulnerable it is right now to a further decline.
The vulnerability can be traced to a fear that the United States
David Morgan: Historic silver is headed for higher ground
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesFrom Reuters
Thursday, February 24, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh88137_2005-02-24_23-13-50_n244274_newsml
NEW YORK -- The dollar will continue to slide this year, pushing up
the price of gold, a senior executive of Newmont Mining Corp., the
world's largest gold producer, forecast on Thursday.
Newmont expects weakening of ''dollar support syndicate''
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily Dispatches8:03p ET Thursday, February 24, 2005
Dear Friend of GATA and Gold:
David Morgan, proprietor of Silver-Investor.com, has
written an encouraging essay about silver's prospects
-- "Historic Silver: Headed for Higher Ground" -- and
you can find it at SilverSeek.com here:
IMF head urges policies that will minimize disruption caused by falling dollar
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily Dispatches8:27p ET Thursday, February 24, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood has a good elaboration
on today's remarks by the executives of Newmont
Mining, which include observations that the "dollar
support syndicate" is weakening. You can find it
here:
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