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Daily Dispatches
Here come competitive devaluations, and then gold may rise in other currencies
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily Dispatches5:20p ET Wednesday, December 1, 2004
Dear Friend of GATA and Gold:
Progress often comes very slowly, so it's a
thrill whenever you can notice it, as with
Newmont Mining President Pierre Lassonde's
speech Monday to the San Francisco Gold and
Precious Metals Conference.
The speech was transcribed by Resource
Investor's Tim Wood, who quoted Lassonde as
recognizing GATA indirectly:
"Gold today is as close to a currency as you will
Will China''s gold craze give victory to real metal or just paper?
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily DispatchesDollar Crumbles to Record Low Vs. Euro
By Eric Burroughs
Reuters
Wednesday, December 1, 2004
http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=6972430
TOKYO -- The dollar sank to a record low against
the euro on Thursday and stood near a 12-year low
vs. the pound after a round of robust U.S. economic
data failed to dispel increasingly negative sentiment
More dollar devaluation of as much of 34 percent is only realistic solution
Submitted by cpowell on Wed, 2004-12-01 03:00 Section: Daily DispatchesNew Wave of Gold Rush Hits China
By Liu Jie
China Daily, Beijing
Thursday, December 2, 2004
http://www.chinadaily.com.cn/english/doc/2004-12/02/content_396688.htm
The gold rush is reaching a feverish pitch in major
cities across China.
In a Beijing store, 300 kilograms of gold bars minted
by the China Gold Coin Inc. to commemorate the
GATA Chairman Murphy to be interviewed on Tom O''Brien program
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily DispatchesBy Larry Neumeister
Associated Press
Monday November 29, 2004
http://biz.yahoo.com/ap/041129/apartheid_lawsuits_2.html
NEW YORK -- Lawsuits seeking more than $400 billion
in damages from U.S. corporations for victims of
apartheid in South Africa were tossed out Monday
by a federal judge who said the claims bordered on
Economists say dollar still has a long way to fall
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily Dispatches12:02a ET Tuesday, November 30, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy will be interviewed at
about 5:20 p.m. ET today on Tom O'Brien's Internet
radio program on the Tiger Financial News Network.
If your computer has a media player, you should
be able to listen to it live or, later, archived
here:
Dollar reaches record low as European Central Bank may let euro strengthen
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily DispatchesEconomists Say Dollar Has Long Way to Fall;
15% Drop Urged Against Asian Currencies
By Corbett B. Daly
CBSMarketWatch
Tuesday, November 30, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BA9839C5D%2DEA54%
2D422E%2D8D8A%2D0DBC155292B0%7D&siteid=mktw
WASHINGTON --- Despite the steady decline in the
Fund manager sees gold above $500 in one year, then higher still
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily DispatchesBy Vivianne C. Rodrigues and Mark Tannenbaum
Bloomberg News Service
Tuesday, November 30, 2004
http://www.bloomberg.com/apps/news?
pid=10000101&sid=aTS926UikSV0&refer=japan
NEW YORK -- The dollar reached a record low against
the euro for the 10th time this month on speculation
European finance officials will refrain from selling their
Ted Butler: The good news metal
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily DispatchesBy Gavin Maguire
Dow Jones Newswires
Tuesday, November 30, 2004
NEW YORK -- Gold is likely entering the second of
a three-phase bull market that should see prices top
$500 per ounce within one year and stretch toward
historic highs around $800 an ounce in the years
following, according to Wistar Holt, portfolio manager
with Holt & Shapard Capital Management, a
gold-centric money management firm.
Lassonde sees four-digit gold price, likes ETF; and a feature on J-Pacific
Submitted by cpowell on Tue, 2004-11-30 03:00 Section: Daily DispatchesBy Theodore Butler
InvestmentRarities.com
Thursday, November 29, 2004
I prefer to analyze silver on supply and demand fundamentals rather
than currency changes or chart configurations. I try to be a long-
term value investor and analyst. I would never sell an undervalued
asset (or buy an overvalued asset) just because the charts looked
good or bad. Nor would I make a move just because I thought the
Newspaper says Chinese banks may be allowed into dollar market
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesDollar Under Pressure
in Heavy U.S. Data Week
By Don Curren
Dow Jones Newswires
Sunday, November 28, 2004
http://sg.biz.yahoo.com/041128/15/3ovpz.html
TORONTO -- After its wrenching fall against the euro
and other currencies, the dollar will likely remain
under selling pressure this week amid a slew of
top-tier economic data.
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