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Daily Dispatches
James Turk: After three years, oil is starting to rise in euros too
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesBy Marshall Auerback
PrudentBear.com
Tuesday, March 1, 2005
http://www.prudentbear.com/internationalperspective.asp
"Below the favourable surface [of the economy], there are as
dangerous and intractable circumstances as I can remember....
Nothing in our experience is comparable. ... But no one is willing
to understand [this] and do anything about it. ... We are
Gold EFTs in India won''t have to keep all their metal on hand
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily Dispatches3:07p ET Sunday, March 6, 2005
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the
Freemarket Gold & Money Report and consultant
to GATA, reports that oil's price in euros has
begun to rise for the first time in three years,
even as commodity prices generally are rising
sharply. Of course gold is languishing, an
indication of central bank intervention, but Turk
Asian banks reducing share of U.S. dollar deposits, BIS reports
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily Dispatches3:20p ET Sunday, March 6, 2005
Dear Friend of GATA and Gold:
The following commentary from the Economic Times
in New Delhi about exchange-traded funds for gold
in India confirms that such funds will not have to
keep on hand all the gold they claim to have and
thus may become new agents of the scheme to
suppress the gold price.
The key assertion by the commentary's author,
Puneet Jain, is this: "While gold fund managers
Bank of Japan will keep easy monetary policy
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesFrom Reuters
Sunday, March 6, 2005
http://www.reuters.co.uk/newsArticle.jhtml?
type=topNews&storyID=7818513
BASEL, Switzerland -- Asian banks have reduced the share of deposits
held in U.S. dollars in favour of other currencies like the euro,
according to new central bank data released on Sunday.
The share of U.S.-dollar-denominated deposits placed with Asian
China to keep yuan''s peg to dollar for ''relatively long time''
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesFrom Reuters
Sunday, March 6, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7818579
BASEL, Switzerland -- Bank of Japan Governor Toshihiko Fukui said on
Sunday that rising oil prices and future currency movements posed
risks for Japan's economy, but repeated he would keep the current
Gold''s heroes will speak at CMRE spring meeting in New York
Submitted by cpowell on Sat, 2005-03-05 03:00 Section: Daily DispatchesFrom Bloomberg News Service
Taipei Times, Taiwan
Saturday, March 5, 2005
http://www.taipeitimes.com/News/biz/archives/2005/03/05/2003225595
The New Taiwan dollar weakened, snapping an 11-day rally,
after a Chinese-language business daily reported the central
bank may sell the currency to stem its gains.
The NT dollar fell NT$0.087 to close at NT$30.95 against its
Julian Phillips: French gold sales have stopped
Submitted by cpowell on Fri, 2005-03-04 03:00 Section: Daily Dispatches10:44p ET Thursday, March 3, 2005
Dear Friend of GATA and Gold:
What we might as well start calling the Woertz
Report -- the study just published by the Gulf
Research Center in Dubai -- is already getting
noticed around the world, and GATA has high
hopes for it. The excerpt appended here from
tonight's edition of the HCM Daily Client Market
Letter, published by Harris Capital Management
Central bank threatens traders with intervention if Taiwan dollar keeps rising
Submitted by cpowell on Fri, 2005-03-04 03:00 Section: Daily Dispatches8:27p ET Friday, March 4, 2005
Dear Friend of GATA and Gold:
Julian D.W. Phillips, editor of Gold-Authentic
Money, reports that French gold sales have
stopped. You can find his analysis at
GoldSeek here:
http://news.goldseek.com/AuthenticMoney/1110121200.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Dubai study warns oil producers that Western banks rig gold market
Submitted by cpowell on Thu, 2005-03-03 03:00 Section: Daily Dispatches11:20p ET Wednesday, March 2, 2005
Dear Friend of GATA and Gold:
David Bond, author of the Wallace Street Journal
column, may be the best writer in this business,
as indicated by his new essay, "Redemption,"
which is appended here as a sobering reminder of
the real work done behind all the philosophizing,
argument, and investment calculations.
Bond's essay echoes William Jennings Bryan's
GATA distributes international press release on gold-rigging report from Dubai
Submitted by cpowell on Thu, 2005-03-03 03:00 Section: Daily Dispatches12:35a ET Thursday, March 3, 2005
Dear Friend of GATA and Gold:
A study published by a research foundation in Dubai
has endorsed the Gold Anti-Trust Action Committee's
findings that Western central and commercial banks
have rigged the gold market but have much less gold
than they claim to have and so are vulnerable to
rising demand for gold. The study recommends that the
oil-producing countries of the Middle East diversify