You are here
Daily Dispatches
Britain fines Citigroup for euro bond market rigging
Submitted by cpowell on Tue, 2005-06-28 03:00 Section: Daily Dispatches10:56p ET Monday, June 27, 2005
Dear Friend of GATA and Gold:
Peter Schiff, CEO and chief global strategist of Euro
Pacific Capital in Darien, Connecticut, has written a
great little essay about America's relationship with
China, "Theater of the Absurd," noting, in part:
"Short of a formal declaration of war, the single most
damaging thing that China could do to America is
Ted Butler: Silver ETF is great if it succeeds and just as great if it fails
Submitted by cpowell on Tue, 2005-06-28 03:00 Section: Daily DispatchesBy Carmel Crimmins and Alistair MacDonald
Reuters
Tuesday, June 28, 2005
http://go.Reuters.com/newsArticle.jhtml;jsessionid=WMUP0ZVNSPPCYCRBAEO
CFFA?type=topNews&storyID=8915379
LONDON -- Britain's Financial Services Authority said on Tuesday it
had fined the world's largest bank, Citigroup, 13.96 million pounds
More decline of dollar ''almost inevitable,'' BIS says
Submitted by cpowell on Mon, 2005-06-27 03:00 Section: Daily DispatchesInvestors Hope the Fed
Will Come to the Rescue
By E.S. Browning
The Wall Street Journal
Monday, June27,2005
As this week moves ahead, Wall Street could begin to resemble one of
those old E.F. Hutton brokerage-firm commercials: when the Fed
talks, people will listen.
By Thursday, when the Federal Reserve finishes its two-day meeting
on interest rates, traders and money managers could pause in their
Peter Brimelow: Is GLD as good as gold? GATA guys say no
Submitted by cpowell on Mon, 2005-06-27 03:00 Section: Daily DispatchesBy Steve Whitehouse
AFX News Ltd. via Forbes
Monday, June 27, 2005
http://www.forbes.com/markets/feeds/afx/2005/06/27/afx2111921.html
BASEL, Switzerland -- The Bank for International Settlements said a
further decline in the dollar is "almost inevitable" as part of the
correction of global current account imbalances.
Gold is cheaper than ever relative to oil, Resource Investor reports
Submitted by cpowell on Mon, 2005-06-27 03:00 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch.com
Monday, June 27, 2005
http://www.Marketwatch.com/news/story.asp?
column=Peter+Brimelow&siteid=mktw&dist=
NEW YORK -- Gold grinds on -- but a new gold vehicle has the
newsletters quarrelling.
Bullion finished last week above $440, after exceptional volume,
reflecting an extraordinary clash between buyers and sellers.
Peter Schiff: America''s relationship with China is ''theater of the absurd''
Submitted by cpowell on Mon, 2005-06-27 03:00 Section: Daily Dispatches10:32p ET Monday, June 27, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood reports tonight that
the gold/oil price ratio has reached a record
disproportion, with gold priced lower than ever
relative to oil. Wood declines to speculate on
causes for this, but in his debate May 23 with
GATA consultant James Turk in New York during
the gold show there, a transcript of which can be
Turk was misquoted on Buffett but sees more breakouts for gold
Submitted by cpowell on Sun, 2005-06-26 03:00 Section: Daily DispatchesGold rush may mean inflation bust;
The metal's recent jump worldwide
and high oil prices signal
serious inflation pressures ahead.
By Katie Benner
CNN/Money
Friday, June 24, 2005
http://money.cnn.com/2005/06/24/markets/gold_inflation/index.htm?
section=money_topstories
NEW YORK -- Gold rising along with the dollar -- and with oil
What if the yuan is actually in worse shape than the dollar?
Submitted by cpowell on Sun, 2005-06-26 03:00 Section: Daily Dispatches12:01p ET Sunday, June 26, 2005
Dear Friend of GATA and Gold:
The CNN/Money news story that was dispatched to
you yesterday and that included comments from
GATA consultant James Turk misquoted him in
regard to the renowned investor Warren Buffett.
Contrary to the assertion in the story, Turk says
he has no knowledge that Buffett is buying gold.
Of course Buffett's negative views on the U.S.
Japan would like to diversify out of dollar, deputy finance minister says
Submitted by cpowell on Sun, 2005-06-26 03:00 Section: Daily Dispatches12:18p ET Sunday, June 26, 2005
Dear Friend of GATA and Gold:
What if, far from being a potential powerhouse and
grossly undervalued, the Chinese currency, the
yuan, is actually even less sound than the U.S.
dollar?
Alex Wallenwein, editor and publisher of the A1
Guide to Gold Investments, writes in a new essay,
"China's Dirty Trick," that there's plenty of
reason to think so and even evidence that the
Hope grows that Fed''s next interest rate increase will be the last
Submitted by cpowell on Sun, 2005-06-26 03:00 Section: Daily DispatchesFrom AFX News Ltd.
via Forbes
Sunday, June 26, 2005
http://www.Forbes.com/markets/feeds/afx/2005/06/26/afx2111385.html
TIANJIN, China -- Japan hopes to rebalance its foreign exchange
reserves with less US dollars when the dollar regains enough
strength to withstand such a reform, a Japanese finance official