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Daily Dispatches
Consensus in Davos is that dollar hasn''t yet hit bottom
Submitted by cpowell on Sun, 2005-01-30 03:00 Section: Daily DispatchesBy Stella Dawson
Reuters
Saturday, January 29, 2005
http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=7474266
DAVOS, Switzerland -- The U.S. current account gap is unlikely to
narrow this year, putting stress on the U.S. dollar which is risky
for the global economy, European Central Bank Governing Council
member Axel Weber said on Saturday.
No hastening expected in Fed''s interest rate increases
Submitted by cpowell on Sun, 2005-01-30 03:00 Section: Daily DispatchesBy Christopher Nobel
CBSMarketWatch.com
Sunday, January 30, 2005
http://cbs.marketwatch.com/news/story.asp?guid=%7B08A77C88-AEAB-4F10-
9E07-A7BD2BA67A47%7D&siteid=mkwt
DAVOS, Switzerland -- Look out below.
That appeared to be the consensus about the U.S. dollar's future
among many of the participants leaving this small Alpine ski resort
Don''t worry, the dollar won''t crash....
Submitted by cpowell on Sat, 2005-01-29 03:00 Section: Daily DispatchesBy James Hertling
Bloomberg News Service
Saturday, January 29, 2005
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aAvDTJpsO1Nk&refer=home
DAVOS, Switzerland -- Bill Gates, the world's richest person
with a net worth of $46.6 billion, is betting against the U.S.
dollar.
"I'm short the dollar," Gates, chairman of Microsoft Corp., told
Here''s what GATA sometimes forgets to tell you
Submitted by cpowell on Sat, 2005-01-29 03:00 Section: Daily Dispatches.... Foreigners will just use their piles
of it to take ownership of the United States!
* * *
Dollar's crucial role secure, experts say
By Kevin G. Hall
Knight-Ridder News Service
Kansas City Star
Saturday, January 29, 2005
http://www.kansascity.com/mld/kansascity/business/10763405.htm?1c
DAVOS, Switzerland -- Global economic experts meeting in Switzerland
AngloGold Ashanti profit hit by higher costs, gold hedging
Submitted by cpowell on Sat, 2005-01-29 03:00 Section: Daily Dispatches5:43p ET Saturday, January 29, 2005
Dear Friend of GATA and Gold:
When it sends you news stories and commentaries,
please remember that GATA does not necessarily
endorse them. Sometimes they are dispatched
simply because they seem likely to be of interest,
or they may be like television news -- important
not for anything what they report but rather for
showing what the world is being told.
Jude Wanniski takes note of ''Confessions of an Economic Hit Man''
Submitted by cpowell on Sat, 2005-01-29 03:00 Section: Daily DispatchesBy Eric Onstad
Reuters
Thursday, January 27, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh28789_2005-01-27_12-37-21_l27257712_newsml
JOHANNESBURG -- World No. 2 gold producer AngloGold
Ashanti Ltd. posted a 7 percent fall in adjusted fourth-quarter
operating profit as costs climbed and hedging dampened its
ECB director does not expect another 15% fall in dollar
Submitted by cpowell on Sat, 2005-01-29 03:00 Section: Daily Dispatches8:42p ET Saturday, January 29, 2005
Dear Friend of GATA and Gold:
Jude Wanniski has written about John Perkins' book,
"Confessions of an Economic Hit Man," which argues
that agencies like the International Monetary Fund
and World Bank now function mainly to exploit the
developing world on behalf of the United States.
You can find Wanniski's essay at Gold-Eagle here:
Germany backs British idea to use IMF gold for debt relief in poor countries
Submitted by cpowell on Fri, 2005-01-28 03:00 Section: Daily Dispatches9:24p ET Thursday, January 27, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk -- founder of GoldMoney,
editor of the Freemarket Gold & Money Report, and
now co-author of "The Coming Collapse of the Dollar"
-- was interviewed for a few minutes the other day
on the CNBC television program "Squawk Box." You can
watch it if your computer has a media player program.
Secret
Submitted by cpowell on Fri, 2005-01-28 03:00 Section: Daily DispatchesFrom Reuters
Friday, January 28, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7469626
DAVOS, Switzerland -- Germany backed Britain's proposal
on Friday for the International Monetary Fund to write off
debts of poor countries by selling or revaluing part of its
gold reserves.
High prices fail to dent gold demand in India
Submitted by cpowell on Fri, 2005-01-28 03:00 Section: Daily DispatchesBy Patrick Hosking
The Times, London
Friday, January 28, 2005
http://business.timesonline.co.uk/article/0,,8209-1460595,00.html
One of the largest hoards of gold ever gathered outside
a central bank has been accumulated at a secret address
in London over the past few months.
Gold bars with a value of 1.55 billion are understood
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