Daily Dispatches

Gold seen backing yuan's internationalization

Submitted by cpowell on Mon, 2009-05-18 12:32 Section: Daily Dispatches

By Dow Jones Newswires
The Wall Street Journal
Monday, May 18, 2009

http://online.wsj.com/article/BT-CO-20090517-704461.html

SHANGHAI -- China's gold reserves may serve as backing for the yuan as Beijing promotes its use overseas, said Zheng Lianghao, managing director of the World Gold Council's Far East division, the Shanghai Securities News reported Monday.

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China's stockpiles seen as new sovereign wealth strategy

Submitted by cpowell on Mon, 2009-05-18 12:17 Section: Daily Dispatches

By Kevin Hamlin
Bloomberg News
Monday, May 18, 2009

http://www.bloomberg.com/apps/news?pid=20601009&sid=a5yhtDZx75kw

BEIJING -- China is stockpiling commodities such as copper and iron ore as part of a reallocation of its sovereign wealth amid concern that the value of its dollar assets may decline, according to the Royal Bank of Canada.

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Adrian Douglas: Have China watchers never heard of a decoy?

Submitted by cpowell on Sun, 2009-05-17 14:08 Section: Daily Dispatches

By Adrian Douglas
Sunday, May 17, 2009

What amazes me is how financial journalism is at the level of sixth grade in terms of analytical thinking. Even so-called market analysts are not much better.

GATA put out a dispatch today citing this Agence France-Presse article published by the Sydney Morning Herald in Australia, "China Keeps Buying U.S. Bonds Despite Concerns":

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GoldDrivers begins retailing Valcambi Suisse ingots, bars

Submitted by cpowell on Sun, 2009-05-17 11:32 Section: Daily Dispatches

11:30a ET Sunday, May 17, 2009

Dear Friend of GATA and Gold:

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Silver Summit relocates to Spokane and world's grandest mining venue

Submitted by cpowell on Sun, 2009-05-17 10:51 Section: Daily Dispatches

By David Bond
Sunday, May 17, 2009

WALLACE, Idaho -- Silver Summit 2009 is moving to a new venue, the historic Davenport Hotel in downtown Spokane, Washington, with fresh new stars. Conference dates are Sept. 24 and 25.

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China keeps buying U.S. bonds despite concerns

Submitted by cpowell on Sun, 2009-05-17 10:42 Section: Daily Dispatches

By P. Parameswaran
Agence France-Presse
via Sydney Morning Herald, Australia
Sunday, May 17, 2009

http://news.smh.com.au/breaking-news-world/china-keeps-buying-us-bonds-d...

China is pumping more money into US Treasury bonds, recent data show, despite concerns expressed in Beijing in recent months over the safety of dollar-linked assets.