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Daily Dispatches
Finance ministers getting frantic about currency markets
Submitted by cpowell on Sun, 2004-11-14 03:00 Section: Daily DispatchesBy John Mauldin
DailyReckoning.com
Wednesday, November 10, 2004
http://www.dailyreckoning.com/home.cfm?
loc=/body_index3.cfm&qs=id=10759
The Federal Reserve defines the trade-weighted dollar as
"a weighted average of the foreign exchange value of the
U.S. dollar measured against a subset of the broad index
currencies that circulate widely outside the country of
A report from the New Orleans Investment Conference
Submitted by cpowell on Sun, 2004-11-14 03:00 Section: Daily Dispatches5:12p CT Sunday, November 14, 2004
Dear Friend of GATA and Gold:
News reports over the weekend, two of which are appended
here, suggest great stress in the currency markets, the
likelihood of intervention, and possibly even competitive
devaluations. If it comes to that, there may not be much
for the currencies to devalue against except gold and oil.
Please forgive the length of these reports but they may
Will NYSE bullion fund increase demand for real gold or just be more paper?
Submitted by cpowell on Sat, 2004-11-13 03:00 Section: Daily DispatchesBy Gertrude Chavez
Reuters
Friday, November 12, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6802038
NEW YORK -- The dollar slumped across the board Friday
as dealers shrugged off positive U.S. economic data amid
concerns about the currency's shaky fundamentals.
The dollar initially inched higher against the euro after a
Exchange-traded bullion fund expected to trade on NYSE next week
Submitted by cpowell on Fri, 2004-11-12 03:00 Section: Daily DispatchesFrom Reuters
Friday, November 12, 2004
a href=http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?http://yah...
duid=mtfh52251_2004-11-12_07-19-25_l12702029_newsml
NEW YORK -- A new gold bullion-backed exchange-traded
fund is expected to debut on the New York Stock Exchange
next week, according to a notification by UBS Investment
Resource Investor: Miners have bought as much gold sold by central banks
Submitted by cpowell on Fri, 2004-11-12 03:00 Section: Daily DispatchesBy Richard S. Appel
Financial Insights
November 4, 2004
Many investors and traders who have a keen desire
for higher gold complex prices believe that it will be
wonderful when gold finally breaks free from the
shackles that have long restrained it and soars
wildly higher in price. Some of these individuals
believe that gold is headed toward $600, while others
Gold at 16-year high, up $4 for week
Submitted by cpowell on Fri, 2004-11-12 03:00 Section: Daily Dispatches10:39a CT Friday, November 12, 2004
Dear Friend of GATA and Gold:
Tim Wood reports at ResourceInvestor.com that, contrary
to expectations, gold mining companies have not slowed
down the closing of their forward sales but rather seem
to have bought up all the gold sold by the European
central banks in recent years. You can find Wood's
report here:
Doug Casey: U.S. government won''t avert dollar''s collapse
Submitted by cpowell on Fri, 2004-11-12 03:00 Section: Daily DispatchesBy Myra P. Saefong
CBSMarketWatch.com
Friday, November 12, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BA0C02690%2D55DF%
2D4401%2DA0D7%2D95F6483775F8%7D&siteid=mktw&dist=
SAN FRANCISCO -- Gold futures logged a gain of $4
an ounce for the week to close Friday at a level the
market hasn't seen since July 1988, boosted by a
Japanese paper says U.S. assents to weaker dollar; 20-30% devaluation speculated
Submitted by cpowell on Fri, 2004-11-12 03:00 Section: Daily DispatchesBy Doug Casey
www.DailyReckoning.com
Thursday, November 11, 2004
I must admit that on Election Night I was hoping one of
two things would happen: Either no one would turn out
to vote, thereby delegitimizing our rulers in D.C., or,
more realistically, that one party would dominate
Congress while the other took the presidency. The latter
would, ideally, have resulted in gridlock for the next four
Gold supply is under pressure, Merrill fund manager says
Submitted by cpowell on Wed, 2004-11-10 03:00 Section: Daily DispatchesBy Dow Jones News Service
Wednesday, November 10, 2004
a href=http://sg.biz.yahoo.com/041110/15/3oel8.htmlhttp://sg.biz.yahoo.com/0411...
SYDNEY -- Merrill Lynch Investment Managers have a
favorable outlook for gold, underpinned primarily by
emerging pressures on supply, a leading member of
the firm's London-based natural resources team said
late Tuesday.
Amid quot;relatively staticquot; demand, falling mine output
James Turk: The buck drops here
Submitted by cpowell on Wed, 2004-11-10 03:00 Section: Daily Dispatches3:58p CT Wednesday, November 10, 2004
Dear Friend of GATA and Gold:
GoldMoney proprietor James Turk, editor of the
Freemarket Gold amp; Money Report and consultant
to GATA, has just posted commentary titled
quot;The Buck Drops Here.quot; As usual, Turk has
some pretty compelling dollar and gold charts
to accompany his analysis. You can find it
in the quot;Founder's Commentaryquot; box at the
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