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Daily Dispatches
Peter Brimelow: Gold superbulls remain cautious
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesReport: China Banks to Get Dollar Dealings
By The Associated Press
Monday, November 29, 2004
http://www.forbes.com/business/healthcare/feeds/ap/2004/11/29/ap167775
8.html
Regulators may let China's four biggest state banks
become market makers in U.S. dollar trading, paving
the way for less currency intervention by the central
Everyone seems to expect the dollar to rally now, not to keep falling
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesBy Peter Brimelow
CBS.MarketWatch.com
Monday, November 29, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7B2191C73B%2D688D%
2D4446%2DB25D%2D5B062EB1E884%7D&siteid=mktw&dist=
NEW YORK -- Thanksgiving rally? Gold got as high as
$455 during the U.S. holiday. But veteran gold bugs
remain remarkably restrained.
Central banks remain the crucial factors in the currency markets
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesDollar Halts Slide on Speculation
That Decline May Have Gone Too Far
By Rodrigo Davies and Mark Tannenbaum
Bloomberg News Service
Monday, November 29, 2004
http://www.bloomberg.com/apps/news?
pid=10000101&sid=aFPzElvSBHt8&refer=japan
NEW YORK -- The dollar's decline against the euro
stalled on speculation its move had gone too far
Weight of speculation seen working more against gold than the dollar
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesInvestors Unite Around Dollar's Decline
By Agnes T. Crane
Dow Jones Newswires
Monday, November 29, 2004
http://sg.biz.yahoo.com/041129/15/3owou.html
NEW YORK -- A weakening dollar isn't exactly news
for financial markets, but the acceleration of its
decline in recent weeks and the headlines it has
generated have prompted investors ranging from foreign
Still more efforts to talk the dollar back up
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesAll That Glitters is Gold, Not the Dollar
By Steven Vames and Gavin Maguire
Dow Jones Newswires
Monday, November 29, 2004
http://sg.biz.yahoo.com/041129/15/3owoq.html
NEW YORK -- In recent months, it's been the golden
rule, so to speak: The dollar keeps hitting historic lows
and gold keeps hitting historic highs.
It's a relationship that typifies the gold market in times
Still more efforts to talk the dollar back up
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesJapan May Intervene Soon
To Prop Up Dollar: Report
From Reuters
Monday, November 29, 2004
http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=6945722
NEW YORK -- Japanese monetary authorities may
be spurred to intervene to prop up the dollar once the
U.S. currency falls below 102 yen, according to a
Teasury Secretary Snow likely won''t be kept on long, Washington Post suggests
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesJapan May Intervene Soon
To Prop Up Dollar: Report
From Reuters
Monday, November 29, 2004
http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=6945722
NEW YORK -- Japanese monetary authorities may be
spurred to intervene to prop up the dollar once
the U.S. currency falls below 102 yen, according
to a report from New York-based consultants Medley
Richard Daughty: The gold bug in all of us
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesBush to Change Economic Team;
Candidates Likely To Be From
Outside The Administration
By Mike Allen
Washington Post
Monday, November 29, 2004
http://www.washingtonpost.com/wp-dyn/articles/A18599-2004Nov28.html
President Bush plans to overhaul his economic team
for the second time in two years and wants to tap
China urged to develop gold market for asset protection, not speculation
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesBy The Mogambo Guru
(a.k.a. Richard Daughty)
DailyReckoning.com
Monday, November 29, 2004
Alert reader Jim E. sent me a New Yorker article by a
guy named James Surowiecki who has written an
interesting article: "Why Gold?" Jim thought the guy
was the "dumbest SOB that ever lived" and of course
I was excited to hear about a guy who was a bigger
and dumber SOB than me!
Lawsuits seeking billions from U.S. companies in South Africa dismissed
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesGiving Gold a Foreign Touch
By Yu Qiao
China Daily, Beijing
Tuesday, November 30, 2004
http://www.chinadaily.com.cn/english/doc/2004-11/30/content_395899.htm
An executive of Shanghai Gold Exchange yesterday
said that China's sole national gold bourse has made
submissions to the central bank to attract foreign
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