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Daily Dispatches
Everybody seems to be hoping for a drop in gold for a better buy point
Submitted by cpowell on Thu, 2004-11-18 03:00 Section: Daily DispatchesTrade Confident Of Gold Hitting $450 Soon
By Nicholas Sinclair
Dow Jones Newswires
Thursday, November 18, 2004
a href=http://www.futuresource.com/news/story.jsp?i=i4511580452066230336http://...
SYDNEY -- After breaking above US$445 a troy
ounce Wednesday for the first time since July 1988,
gold is poised for further gains in the near- to medium-
CBSMarketWatch says gold ETF is expected to launch Thursday
Submitted by cpowell on Wed, 2004-11-17 03:00 Section: Daily DispatchesBy John Spence
CBSMarketWatch.com
Wednesday, November 17, 2004
a href=http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?http://cbs.marke...
dateid=38308.6839583333-
827083075amp;doctype=806amp;siteid=mktwamp;selCount=20amp;value=ETFamp;property=wordamp;
BOSTON -- The first exchange-traded fund investing
in gold bullion will begin trading on the New York
Mark Gilbert: U.S. is happily devaluing its way out of its trade deficit
Submitted by cpowell on Wed, 2004-11-17 03:00 Section: Daily DispatchesTreasury Secretary Snow Laughs Off Dollar's Drop
By Mark Gilbert
Bloomberg News Service
Wednesday, November 17, 2004
a href=http://quote.bloomberg.com/apps/news?http://quote.bloomberg.com/apps/new...
pid=10000039amp;refer=columnist_gilbertamp;sid=abKpiT.R8.6k
quot;The history of efforts to impose non-market valuations
on currencies is at best unrewarding and checkeredquot;
Are you paying storage fees on silver that doesn''t exist?
Submitted by cpowell on Wed, 2004-11-17 03:00 Section: Daily DispatchesBy James R. Cook and Ted Butler
Investment Rarities
Wednesday, November 17, 2004
Last week we had two prospects tell us that they had
silver stored with major New York brokerage firms.
One man had 50,000 ounces he'd bought from them
years ago. The other had 20,000 ounces with another
well-known firm. They have both been paying storage
fees. But neither had any kind of proof that they owned
Debt doubles at agency that insures U.S. pension plans
Submitted by cpowell on Wed, 2004-11-17 03:00 Section: Daily DispatchesBy Nicole Mordant
Reuters
Tuesday, November 16, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh20062_2004-11-16_20-37-38_n16318293_newsml
VANCOUVER, British Columbia -- Noranda Inc. said
on Tuesday it is reopening the field to other bidders
or may go it alone after failing to seal a
multibillion-dollar takeover by China Minmetals during
Fannie Mae admits possible $9 billion loss from derivatives as auditor balks
Submitted by cpowell on Tue, 2004-11-16 03:00 Section: Daily DispatchesU.S. Dollar Crisis Could Catapult
Gold Over $600, Dealer Says
By Jim Hawe
Dow Jones Newswires
Monday, November 15, 2004
TOKYO -- The price of gold could surge to levels not
seen since the early 1980s if a big chunk is taken
out of the value of the U.S. dollar in coming years,
one market insider says.
A further devaluation of the greenback by 20-30 percent
would make bullion more attractive as an alternative
Trace of honesty in U.S. inflation report stuns economists
Submitted by cpowell on Tue, 2004-11-16 03:00 Section: Daily DispatchesBy Marcy Gordon
The Associated Press
Tuesday, November 16, 2004
WASHINGTON -- Fannie Mae's accounting crisis has taken
a turn with its outside auditor KPMG refusing to sign off on
its third-quarter earnings report, causing the mortgage giant
to miss a regulatory deadline for filing it.
Fannie Mae, whose accounting is under investigation by the
Securities and Exchange Commission, also said Monday
New York Times: The dollar is down but should anyone care?
Submitted by cpowell on Tue, 2004-11-16 03:00 Section: Daily DispatchesBy Rex Nutting
CBSMarketWatch
Tuesday, November 16, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7B2C7FC1E7%2D386E%
2D44C0%2D953F%2D658B0C6907AF%7D&siteid=mktw&dist=
WASHINGTON -- U.S. producer prices increased 1.7
percent in October, the fastest rate in 14 years, the
Labor Department estimated Tuesday.
The goddess of gold saves India and its people
Submitted by cpowell on Tue, 2004-11-16 03:00 Section: Daily DispatchesBy Edmund L. Andrews
The New York Times
Tuesday, November 16, 2004
http://www.nytimes.com/2004/11/16/business/16dollar.html?oref=login
WASHINGTON -- It sounds eerily like the worst economic
nightmare for President Bush's second term.
Bogged down in a costly war that shows no sign of ending,
the United States faces a gaping budget deficit and
More hand-wringing about euro''s rise, and some speculation about intervention
Submitted by cpowell on Tue, 2004-11-16 03:00 Section: Daily DispatchesBy Sala Kannan
www.DailyReckoning.com
Tuesday, November 16, 2004
It was July 1, 1991, the day of my cousin's wedding.
"You have to wear more gold, Sala. It's auspicious," my
mother said, as I was getting ready.
As a teenager growing up in India, I hated wearing
traditional gold jewelry. It was not fashionable enough.
Only old people wore gold jewelry. I was determined
not to wear all that gold to the wedding. I would create
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