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Daily Dispatches
Taiwan Central Bank Denies Report of Plan to Cut Dollar Assets
Submitted by cpowell on Sat, 2004-12-04 03:00 Section: Daily DispatchesDollar's Fall Tests Nerve of Asia's Central Bankers
By James Brook and Keith Bradsher
The New York Times
Saturday, December 4, 2004
http://www.nytimes.com/2004/12/04/business/worldbusiness/04banker.html
TOKYO, Dec. 3 -- As Americans embark on another
season of debt-supported holiday spending, they
might want to give thanks that Masatsugu Asakawa
''Buttonwood'' column in The Economist acknowledges rigging of the gold market
Submitted by cpowell on Fri, 2004-12-03 03:00 Section: Daily Dispatches6:21p ET Thursday, December 2, 2004
Dear Friend of GATA and Gold:
To help recover from today's pounding of the
precious metals, you might want to start with
Jim Sinclair's evening commentary, "Gold
Market Summary." Just remember that, while his
Internet site is free, you have to register for
access. You can find Sinclair here:
European Central Bank chief brandishes intervention ''weapon'' at speculators
Submitted by cpowell on Fri, 2004-12-03 03:00 Section: Daily Dispatches8:47a ET Friday, December 3, 2004
Dear Friend of GATA and Gold:
The "Buttonwood" column from the November 30 issue
of The Economist, appended here, is wonderful for its
calling things by their right names -- the market for
gold is the "most rigged" of the precious metals
markets, and the central banks' coordination of their
gold sales policies constitutes a "cartel." (GATA
Europe is worried about the dollar but isn''t ready to intervene
Submitted by cpowell on Fri, 2004-12-03 03:00 Section: Daily DispatchesTrichet Warning Brings Relief for Dollar
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, December 3, 2004
BRUSSELS -- The US dollar rallied sharply yesterday
after the European Central Bank warned currency
speculators not to push their luck.
Jean-Claude Trichet, the ECB's president, said market
intervention was "a weapon" at the disposal of every
The whir and roar of the booming gold business in India
Submitted by cpowell on Fri, 2004-12-03 03:00 Section: Daily DispatchesBy Stella Dawson
Reuters
Friday, December 3, 2004
http://www.reuters.com/newsArticle.jhtml?
type=reutersEdge&storyID=6991223
FRANKFURT -- European leaders are worried about
the tumbling dollar but have not agreed to fire their
cannon of foreign exchange intervention yet, senior
officials of European governments said on Friday.
Dollar dives to new lows as treasury secretary reiterates ''strong dollar'' policy
Submitted by cpowell on Fri, 2004-12-03 03:00 Section: Daily Dispatches4:39p ET Friday, December 3, 2004
Dear Friend of GATA and Gold:
Here is a long but wonderful story from a major
business newspaper in India about the booming
gold business there. The story has all the whir
and roar of it -- jewelry, the trend toward
monetary gold, and developments in marketing
the metal as well as futures trading.
The evidence of the story is that "schemes" --
German paper says U.S. would be OK with dollar as low as 1.45 to the euro
Submitted by cpowell on Fri, 2004-12-03 03:00 Section: Daily DispatchesDollar Dives to New Lows
By Andrea Ricci
Reuters
Friday, December 3, 2004
http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=6992925
NEW YORK -- The dollar slid to a new record low
against the euro on Friday amid disappointing U.S.
jobs data and a perception that the United States
was in no hurry to stem the dollar's fall.
Sinclair on currency intervention, and The Economist on the dollar''s future
Submitted by cpowell on Thu, 2004-12-02 03:00 Section: Daily DispatchesWhy America is switching to a weak dollar policy
By Martin Wolf
Financial Times, London
Wednesday, December 1, 2004
http://news.ft.com/cms/s/69dceca6-433f-11d9-bea1-00000e2511c8.html
How far might the dollar fall?
By as much as 50 percent from its peak, in trade-weighted
nominal terms, suggest two distinguished international
Join GATA at the 2005 Vancouver Resource Investment Conference
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily Dispatches10:07p ET Tuesday, November 30, 2004
Dear Friend of GATA and Gold:
Some things of special interest tonight at
Resource Investor:
* Covering the San Francisco Gold and Precious
Metals Conference, Tim Wood reports on Newmont
Mining President Pierre Lassonde's keynote
address, which predicted a four-digit gold
price. Lassonde said: "At the end of the day,
all currencies will have to depreciate against
Newmont Mining president acknowledges that gold market might be rigged
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily Dispatches1:26a ET Wednesday, December 1, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy will be among the
speakers at the 2005 Vancouver Resource
Investment Conference on Sunday and Monday,
January 23 and 24, at the beautiful
Vancouver Convention and Exhibition Centre
on the city's waterfront.
But don't despair if you're almost as tired
of Murphy as you are of the central banks'
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