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Daily Dispatches
Consumer demand for gold rose in 2004 for first time in four years
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesBy Janet Ong
Bloomberg News Service
Thursday, February 24, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=a7g.FfwU9C_8&refer=top_world_news
SHANGHAI -- Policy makers from Japan, China, South Korea, and
Southeast Asian nations met in Thailand this week to discuss the
impact of the dollar's slide on the region's economies, according to
If a currency can feel, the dollar feels vulnerable
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesBy Veronica Brown
Reuters
Thursday, February 24, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp;:421d7dca:c3b11d36
3271e2f?type=businessNews&localeKey=en_ZA&storyID=7722316
LONDON --- Consumer demand for gold jumped 7 percent in 2004 -- the
first rise in four years -- with sharp price rises failing to deter
Newmont sees dollar slipping more and gold at $425-$475
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesBy Jonathan Fuerbringer
The New York Times
Thursday, February 24, 2005
http://www.nytimes.com/2005/02/24/business/24dollar.html
The dollar's plunge Tuesday and its small rebound yesterday
underscored how vulnerable it is right now to a further decline.
The vulnerability can be traced to a fear that the United States
David Morgan: Historic silver is headed for higher ground
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesFrom Reuters
Thursday, February 24, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh88137_2005-02-24_23-13-50_n244274_newsml
NEW YORK -- The dollar will continue to slide this year, pushing up
the price of gold, a senior executive of Newmont Mining Corp., the
world's largest gold producer, forecast on Thursday.
Newmont expects weakening of ''dollar support syndicate''
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily Dispatches8:03p ET Thursday, February 24, 2005
Dear Friend of GATA and Gold:
David Morgan, proprietor of Silver-Investor.com, has
written an encouraging essay about silver's prospects
-- "Historic Silver: Headed for Higher Ground" -- and
you can find it at SilverSeek.com here:
IMF head urges policies that will minimize disruption caused by falling dollar
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily Dispatches8:27p ET Thursday, February 24, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood has a good elaboration
on today's remarks by the executives of Newmont
Mining, which include observations that the "dollar
support syndicate" is weakening. You can find it
here:
Goldcorp acts on its principles: Gold is money
Submitted by cpowell on Wed, 2005-02-23 03:00 Section: Daily DispatchesSouth Korea Says It Will Diversify
Reserves Without Dumping Dollars
From Reuters
Tuesday, February 23, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7706714
TOKYO -- The dollar rebounded against the euro and the yen on
Wednesday after South Korea signaled that plans to diversify its
Dubai conference resolves never to hint that gold is money and investment
Submitted by cpowell on Wed, 2005-02-23 03:00 Section: Daily Dispatches7:41p ET Wednesday, February 23, 2005
Dear Friend of GATA and Gold:
Resource Investor has picked up a Canadian Press
story about Goldcorp President Rob McEwen's
conference call with market analysts this week.
It's notable for reiterating the company's belief
in gold as money and for emphasizing the company's
withholding a third of its production in
anticipation of higher gold prices. Sure beats
Placer Dome cuts hedges by 1.5 million ounces, 9 million ounces to go
Submitted by cpowell on Wed, 2005-02-23 03:00 Section: Daily DispatchesBy Agence France-Press
The China Post, Taipei
Thursday, February 24, 2005
http://www.chinapost.com.tw/business/detail.asp?GRP=E&id=58798
DUBAI -- Gold and jewelry industry experts decided in Dubai on
Tuesday to work toward forming an umbrella group to better market
jewelry as a single category and make it more appealing to
Financial Times: Dollar scare reveals fragile support
Submitted by cpowell on Wed, 2005-02-23 03:00 Section: Daily DispatchesPlacer Dome Profits Drop on Sluggish Sales
From Reuters
Wednesday, February 23, 2005
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh64546_2005-02-24_01-22-23_n23653558_newsml
NEW YORK -- Placer Dome Inc. said on Wednesday quarterly profit fell
due to sluggish sales.
The world's fifth-biggest gold producer posted earnings of $39
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