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Daily Dispatches
Dollar falls as Sweden slashes holdings in half
Submitted by cpowell on Fri, 2006-04-21 03:00 Section: Daily Dispatches8:27a ET Friday, April 21, 2006
Dear Friend of GATA and Gold:
GATA Board of Directors member Ed Steer has written
some brief but pointed commentary about yesterday's
smashdown in the precious metals. It's headlined
"A Last Desperate Act?" and you can find it at
Financial Sense here:
http://www.financialsense.com/fsu/editorials/steer/2006/0420.html
As IMF meets, Russian finance minister questions dollar''s reserve role
Submitted by cpowell on Fri, 2006-04-21 03:00 Section: Daily DispatchesBy Steve Johnson
Financial Times, London
Friday, April 21, 2006
http://news.ft.com/cms/s/a73b2234-d128-11da-a38b-0000779e2340.html
The US dollar fell against the euro in European morning trade on
Friday as Sweden's central bank said it had slashed its dollar
holdings almost in half.
The Riksbank revealed that it had cut the proportion of dollars in
Iran''s president says oil is worth much more than developed world pays for it
Submitted by cpowell on Thu, 2006-04-20 03:00 Section: Daily DispatchesChina's Yuan Has Biggest Gain Against Dollar Since Revaluation
By Christina Soon
Bloomberg News Service
Wednesday, April 19, 2006
http://www.bloomberg.com/apps/news?
pid=10000087&sid=a_kukOBjCtMY&refer=top_world_news
BEIJING -- The yuan had its biggest gain since last year's
revaluation before President Hu Jintao meets his U.S. counterpart
MiningMX interviews Bill Murphy and Murray Pollitt
Submitted by cpowell on Thu, 2006-04-20 03:00 Section: Daily DispatchesAhmadinejad: Oil Price Is Lower Than Value
By Nasser Karimi
Associated Press
Thursday, April 20, 2006
http://news.yahoo.com/s/ap/20060420/ap_on_re_mi_ea/iran_oil
Wading into oil politics for the first time, Iran's hard-line
president said Wednesday that crude oil prices -- now at record
levels -- still are below their true value.
More hand wringing from IMF as if U.S. ever really might act more responsibly
Submitted by cpowell on Thu, 2006-04-20 03:00 Section: Daily Dispatches3:24p ET Thursday, April 20, 2006
Dear Friend of GATA and Gold:
If you need some encouragement today, MiningMX
has interviewed a couple of undaunted gold
enthusiasts, GATA Chairman Bill Murphy and
gold mining company executive and broker Murray
Pollitt, president of Pollitt & Co. in Toronto,
and you can read it here:
You''re invited to dinner meeting of Comm. for Monetary Research and Education
Submitted by cpowell on Thu, 2006-04-20 03:00 Section: Daily DispatchesIMF Aims for Multi-lateral Talks on Imbalances
From Reuters
Thursday, April 20, 2006
http://yahoo.reuters.com/news/articlenews.aspx?
type=topNews&storyid=urn:newsml:reuters.com:20060420:MTFH99935_2006-
04-20_14-20-47_WAT005349&rpc=44
WASHINGTON -- International Monetary Fund Managing Director Rodrigo
Rato said on Thursday the IMF would aim to begin multilateral
Morgan Chase to pay $425 million for manipulating markets
Submitted by cpowell on Thu, 2006-04-20 03:00 Section: Daily Dispatches4:12p ET Thursday, April 20, 2006
Dear Friend of GATA and Gold:
The spring dinner meeting of the Committee for Monetary
Research and Education, a gold-friendly group, will be
held from 5 to 10 p.m. Thursday, May 11, at the Union
League Club, 38 East 37th St., just a few blocks from
Grand Central Station in New York City. The agenda is
below.
It's always an interesting time and a great dinner,
Jim Rogers discovers gold, a couple hundred dollars late
Submitted by cpowell on Wed, 2006-04-19 03:00 Section: Daily Dispatches6:32p ET Tuesday, April 18, 2006
Dear Friend of GATA and Gold:
GATA's good friend Rob Kirby examines how the fabled
200-day moving average stacks up against what von
Mises called the "crack-up boom," which may have
begun in earnest in the United States today as oil,
gold, and silver continued to soar while the Federal
Reserve announced that everything probably will be
just fine soon. You can find Kirby's essay, "An Ode
Study clears silver dental fillings of causing hard-money fanatics
Submitted by cpowell on Wed, 2006-04-19 03:00 Section: Daily Dispatches12:06a ET Tuesday, April 18, 2006
Dear Friend of GATA and Gold:
Not long ago Jim Rogers, the hedge and commodities
fund manager, was more impressed with lead than
with gold, and more impressed with himself than
anything. Then Refco taught him the meaning of the
term "counterparty risk."
So with gold quickly a couple hundred dollars
higher and showing no sign of stopping, Rogers has
James Turk: When will the Fed stop?
Submitted by cpowell on Wed, 2006-04-19 03:00 Section: Daily DispatchesFrom Reuters
Wednesday, April 19, 2006
http://asia.news.yahoo.com/060419/3/2j9oh.html
CHICAGO -- Silver dental fillings widely used to fill cavities do
not appear to cause brain damage in children even though the mercury
in them is a known neurotoxin, according to studies published on
Tuesday.
"Dentists and parents can be very assured from the results of this
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