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Daily Dispatches
Dollar hits new low against euro but intervention fears are growing
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesOn State Street: Economic 'Armageddon' predicted
By Brett Arends
Boston Herald
Tuesday, November 23, 2004
http://business.bostonherald.com/businessNews/view.bg?articleid=55356
Stephen Roach, the chief economist at investment
banking giant Morgan Stanley, has a public reputation
for being bearish.
But you should hear what he's saying in private.
Ted Butler: Still unresolved, Part 2
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, November 23, 2004
http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=6896867
NEW YORK -- The dollar slumped on Tuesday after news
that Russia may increase the share of euros in its reserves
drove the European unit to a new lifetime high.
Confirmation of last week's talk Russia might make such
Gold ETF attracts $419 million in first three days
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesBy Theodore Butler
Tuesday, November 23, 2004
http://www.investmentrarities.com/weeklycommentary.html
When I first picked the title for this article, I had this
nagging thought that I had used it before. Sure enough,
I looked in the archives and there it was, dated
September 2, 2003. I just think I had forgotten about it
Barrick insists that higher gold prices won''t stop it from reducing hedges
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesFrom Reuters
Tuesday, November 23, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh36922_2004-11-23_22-20-29_n23115673_newsml
NEW YORK -- A recently launched gold-backed
exchange-traded fund attracted $419 million in its
first three days of trading, bringing its total assets
to $1.3 billion, a research company said on
Is the world getting too short on the dollar? Impossible!
Submitted by cpowell on Tue, 2004-11-23 03:00 Section: Daily DispatchesFrom Reuters
Tuesday, November 23, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6898925
(Figures in U.S. dollars)
VANCOUVER, British Columbia -- Today's higher gold
prices won't stop Barrick Gold Corp. from reducing its
hedge book, the world's third-biggest gold miner said
Who will be first to rush for the exit and bring down the dollar?
Submitted by cpowell on Mon, 2004-11-22 03:00 Section: Daily Dispatches7:20p ET Sunday, November 21, 2004
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold &
Money Report, founder of GoldMoney.com,
and consultant to GATA, has analyzed the
World Gold Council's new bullion fund on
the New York Stock Exchange and found
that it provides no assurance that there is
really any gold behind its shares. Indeed,
Turk finds, the bullion fund acknowledges
Gas market complaints cite failure of U.S. commodity trading regulation
Submitted by cpowell on Mon, 2004-11-22 03:00 Section: Daily DispatchesDollar Fall Will Come at a Price for All
By Mike Dolan
Economics Correspondent
Reuters
Sunday, November 21, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6876686
WASHINGTON -- The United States is set to turn a blind
eye to the sliding dollar and a deaf ear to protests about
How to write to the SEC to seek an explanation about the NYSE bullion fund
Submitted by cpowell on Mon, 2004-11-22 03:00 Section: Daily Dispatches12:24a ET Monday, November 22, 2004
Dear Friend of GATA and Gold:
This AP story printed in the Miami Herald
last week uses the natural gas market to
raise the same questions Ted Butler long
has been raising about the failure of
regulation of U.S. commodity markets in
regard to silver, where speculative
position limits have been inadequate or
not enforced. But at least some big
customers in the gas market are complaining
Dollar is weak in Frankfurt and strong in Santiago
Submitted by cpowell on Mon, 2004-11-22 03:00 Section: Daily Dispatches12:52a ET Monday, November 22, 2004
Dear Friend of GATA and Gold:
GATA supporter Mark Lundeen of Minneapolis may
have been the first to answer James Turk's call
to ask the U.S. Securities and Exchange
Commission to answer for its approval of the
World Gold Council's exchange-traded fund for
gold bullion on the New York Stock Exchange.
Lundeen has e-mailed to the SEC the letter that
is appended here. The page at the SEC's Internet
The New Yorker discovers and gets snide about gold
Submitted by cpowell on Mon, 2004-11-22 03:00 Section: Daily DispatchesBy Dan Ackman
Forbes
Monday, November 22, 2004
http://www.forbes.com/business/2004/11/22/cx_da_1122topnews.html
On Friday in Frankfurt, U.S. Federal Reserve Chairman
Alan Greenspan hinted, without actually predicting, that
the dollar was getting weaker. On Sunday in Berlin,
U.S. Treasury Secretary John Snow said at the Group