Daily Dispatches

Peter Schiff: China''s peg was America''s crutch

Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches

A Golden Solution to the China Syndrome?

By Richard Lehmann
Forbes.com
Wednesday, July 27, 2005

http://www.forbes.com/investmentnewsletters/2005/07/27/china-gold-
lehmann-cz_rl_0727soapbox_inl.html?

Put yourself in China's shoes. Your economy is heavily dependent
for its economic growth and well being on exports to the United

Read more about Peter Schiff: China''s peg was America''s crutch

At this rate Barrick won''t close its hedge book for eight years

Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches

8:50p ET Thursday, July 28, 2005

Dear Friend of GATA and Gold:

Peter Schiff of Euro-Pacific Capital Inc. argues in
his new essay, "China's Peg Was America's Crutch,"
that the upward revaluation of the yuan will not be
good for the United States.

He writes:

"China's announcement basically gives all Asian
central banks the green light to sell their dollars as
well.The ultimate implications for Asians and

Read more about At this rate Barrick won''t close its hedge book for eight years

CBSMarketWatch does video interview of GoldMoney founder James Turk

Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches

9:27p ET Thursday, July 28, 2005

Dear Friend of GATA and Gold:

From Barrick Gold's second quarter report, issued
today:

"Production and costs: In second quarter 2005,
Barrick produced 1.2 million ounces of gold and sold
1.1 million ounces at a total cash cost of $243 per
ounce, compared to 1.3 million ounces produced
and 1.2 million ounces sold at a total cash cost of
$209 per ounce for the prior-year quarter."

Read more about CBSMarketWatch does video interview of GoldMoney founder James Turk

Abbreviated link for CBSMarketWatch interview with James Turk

Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches

9:44p ET Thursday, July 28, 2005

Dear Friend of GATA and Gold:

CBSMarketWatch posted yesterday a video interview
with GATA consultant James Turk, founder of
GoldMoney and editor of the Freemarket Gold &
Money Report, who foresees a gold price above $500
by the end of the year. You can find the interview
here:

http://www.marketwatch.com/tvradio/playerfull.asp?siteID=mktw&guid=%

Read more about Abbreviated link for CBSMarketWatch interview with James Turk

Newmont''s Lassonde says shortage will push gold to $525 in six months

Submitted by cpowell on Wed, 2005-07-27 03:00 Section: Daily Dispatches

China Central Banker
Says Hedge Funds Delay
Yuan Convertibility

By A. Craig Copetas
Bloomberg News Service
Monday, July 25, 2005

http://www.bloomberg.com/apps/news?
pid=10000087&sid=a5mvfBkBFZ5I&refer=top_world_news

PARIS -- China won't make its currency fully convertible for at
least five years because it worries that hedge funds may force the

Read more about Newmont''s Lassonde says shortage will push gold to $525 in six months

Gold hedging knocks Placer Dome for loss

Submitted by cpowell on Wed, 2005-07-27 03:00 Section: Daily Dispatches

Gold Executive Sees Tight Supply Keeping Prices High

From Reuters
Wednesday, July 27, 2005

http://today.reuters.com/news/newsArticleSearch.aspx?
storyID=335925+27-Jul-2005+RTRS&srch=Newmont

NEW YORK -- Gold supply constraints will prevent the price of the
metal from falling below $420 per ounce in the short run and it will

Read more about Gold hedging knocks Placer Dome for loss

Banker says China still needs to protect yuan against hedge funds

Submitted by cpowell on Mon, 2005-07-25 03:00 Section: Daily Dispatches

Yuan Only One Factor in Rates

By Kathleen Pender
San Francisco Chronicle
Sunday, July 24, 2005

http://www.SFGate.com/cgi-bin/article.cgi?
file=/chronicle/archive/2005/07/24/BUGVBDSILT1.DTL&type=business

Will China's move to loosen its currency's link to the dollar be the
pin that pricks the U.S. bond bubble -- and perhaps the housing

Read more about Banker says China still needs to protect yuan against hedge funds

Under new currency regime, China still can peg yuan wherever it wants

Submitted by cpowell on Sun, 2005-07-24 03:00 Section: Daily Dispatches

9:30p ET Saturday, July 23, 2005

Dear Friend of GATA and Gold:

John Mauldin, president of Millennium Wave Advisors,
has written a wonderfully insightful and engaging
essay about China's currency modification last week
and, more important, about China itself. It's called
"Those Clever Chinese" and you can find it at GoldSeek
here:

http://news.goldseek.com/MillenniumWaveAdvisors/1122213599.php