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Daily Dispatches
Japan''s intervention to prop up dollar is costliest yet in January
Submitted by cpowell on Fri, 2004-01-30 03:00 Section: Daily Dispatches9:12a ET Wednesday, January 28, 2004
Dear Friend of GATA and gold:
The comments of Japan's finance minister quoted in the
Bloomberg story appended here almost certainly were
made only to patronize the member of Parliament who
asked the gold question. But at least this story shows
that the Japanese people are not as foolish as their
government.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Gold sold by Norway was long gone; Australia admits gold is for rigging markets
Submitted by cpowell on Fri, 2004-01-30 03:00 Section: Daily Dispatchesa href=http://biz.yahoo.com/rf/040130/markets_forex_intervention_2.htmlhttp://b...
TOKYO, Jan. 30 (Reuters) -- Japan spent a record 7.1545 trillion
yen in currency intervention in January -- equivalent to $67.56
billion at Friday's rate -- to stem the yen's rise against the
dollar, Finance Ministry data showed.
That total, which covers the period between December 27 and
How long will Japan continue to prop up the dollar and cap gold?
Submitted by cpowell on Fri, 2004-01-30 03:00 Section: Daily Dispatches10:14p ET Friday, January 30, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's quot;Midasquot; commentary tonight
at LeMetropoleCafe.com has important documentation of
what GATA has been telling the world for years: that
Western central banks are running a campaign against
gold. That campaign is always deceitful and usually
surreptitious but it is also sometimes on the public
GoldMoney partnership with Durban seeks private remonetization of gold worldwide
Submitted by cpowell on Fri, 2004-01-30 03:00 Section: Daily Dispatches10:45p ET Friday, January 30, 2004
Dear Friend of GATA and Gold:
Our friend J.T. writes in response to today's dispatch of
the Reuters story about the extraordinary expense Japan
has incurred by printing yen to buy dollars:
quot;This is interesting news, but would someone kindly
interpret for us the impact on the price of gold, considering
that there seems to be no insight as to how long the Bank
Japan''s finance minister is asked: Why so many dollars and no gold?
Submitted by cpowell on Wed, 2004-01-28 03:00 Section: Daily Dispatches11:45p PT Monday, January 26, 2004
Dear Friend of GATA and Gold:
Word about GATA and understanding of the gold price
suppression scheme are spreading fast around the
world if the 2004 Vancouver Resource Investment
Conference is any guide.
The conference concluded today with a tribute to
GATA and its chairman, Bill Murphy, by Sprott
Asset Management President John Embry, who
said that all those who believe in gold and free
Sprott''s Embry lauds GATA''s Murphy at Vancouver conference
Submitted by cpowell on Tue, 2004-01-27 03:00 Section: Daily Dispatches10:20a PT Monday, January 26, 2004
Dear Friend of GATA and Gold:
Here's some news showing growing recognition of the
potential of the private remonetization of gold: Durban
Roodeport Deep's acquisition of a share of GATA
consultant James Turk's GoldMoney.com.
The only thing wrong here is that the press release
and news stories about the transaction calculated
its costs in dollars rather than goldgrams.
It''s said that gold doesn''t pay interest, but it''s the U.S. dollar that doesn''t
Submitted by cpowell on Mon, 2004-01-26 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=4200365...
By Stella Dawson
DAVOS, Switzerland, Jan. 24 (Reuters) -- Euro zone finance ministers,
worried at the strength of the euro, discussed an interest rate cut
with the head of the European Central Bank this week, French Finance
Minister Francis Mer said on Saturday.
Toronto Star interviews Embry, Grant, Murenbeeld for bullish report on metals
Submitted by cpowell on Sat, 2004-01-24 03:00 Section: Daily Dispatches9:15p ET Thursday, January 22, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and I will be traveling to
Vancouver tomorrow for the Vancouver International
Resources Investment Conference, Murphy to speak
and me to make sure that there is some applause.
The conference will be held Sunday and Monday, so
there's still a little time to make plans to attend.
You can find information about the conference here:
Financial leaders stew over exchange rates while pretending to like free markets
Submitted by cpowell on Sat, 2004-01-24 03:00 Section: Daily DispatchesBy Dianne Maley
Toronto Star
Thursday, January 22, 2004
a href=http://thestar.com/NASApp/cs/ContentServer?http://thestar.com/NASApp/cs/...
pagename=thestar/Layout/Article_Type1amp;call_pageid=971358637177amp;c=Artic
leamp;cid=1074513409462
John Embry's voice grows louder as he rails against American
profligacy and what it implies for gold and silver prices.
quot;It's a shocking monetary debasement,quot; the veteran fund manager
European finance ministers lobby ECB for interest rate cut
Submitted by cpowell on Sat, 2004-01-24 03:00 Section: Daily Dispatches2:50p PT Saturday, January 24, 2004
Dear Friend of GATA and Gold:
Appended here and in the following dispatch is some
pretty good reporting by Reuters about this weekend's
meeting of the World Economic Forum in Davos,
Switzerland, and concerns about the euro's
appreciation against the dollar.
The reporting is especially interesting for its comments
from people who say they want free markets to determine
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