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Daily Dispatches
An interview with Hecla Mining CEO Phil Baker
Submitted by cpowell on Sun, 2005-01-02 03:00 Section: Daily Dispatches10:38a ET Sunday, January 2, 2005
Dear Friend of GATA and Gold:
Barry Downs and Bill Matlack, brokers with Aegis Capital
Corp. in New York, have some telling observations about
the foreign exchange market, the dollar, and competitive
devaluations in their essay "With Paper Money, Confidence
is 'Suspicion Asleep'" at Gold-Eagle here:
Traders in Bloomberg survey mull gold''s week ahead
Submitted by cpowell on Sun, 2005-01-02 03:00 Section: Daily Dispatches11a ET Sunday, January 2, 2005
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich has an excellent interview
with Hecla Mining's president and CEO, Phil Baker,
about the future of that venerable company and of
silver itself. You can find it here:
http://www.mineweb.net/sections/whats_new/401133.htm
CHRIS POWELL, Secretary/Treasurer
Economists predict that ECB will be forced to devalue the euro
Submitted by cpowell on Sat, 2005-01-01 03:00 Section: Daily DispatchesStreetTracks Gold Draws $1.3 Billion,
Giving it the Best Start for an ETF
By Claudia Carpenter and Choy Leng Yeong
Bloomberg News Service
Friday, December 31, 2004
http://www.bloomberg.com/apps/news?
pid=10000103&sid=af8XJNpjoJ4Q&refer=us
A fund created last month to invest in gold bullion has
attracted $1.29 billion from investors, making it the
Deficit seen keeping dollar in downtrend during 2005
Submitted by cpowell on Sat, 2005-01-01 03:00 Section: Daily DispatchesEurope 'Will Have to Act on Dollar'
By Edmund Conway
The Telegraph, London
Saturday, January 1, 2005
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2005/01/01/cnecb01.xml&menuId=242&sSheet=/money/2005/01/01/
ixcity.html
The European Central Bank will this year be forced
to intervene in the foreign exchange markets,
Vast reserves of a declining currency are dangerous for Asian central banks
Submitted by cpowell on Sat, 2005-01-01 03:00 Section: Daily DispatchesDollar depreciates for third year;
deficit seen keeping downtrend intact in 2005
By Rachel Koning
CBS.MarketWatch.com
Friday, December 31, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7B90138A60%2DE45D%
2D41BC%2D8275%2D3992482B90EC%7D&siteid=mktw
CHICAGO -- The U.S. dollar suffered its third straight
Newmont seeks to prevent shareholder vote on environmental practices
Submitted by cpowell on Sat, 2005-01-01 03:00 Section: Daily DispatchesBy Harold James
The Australian, Sydney
Saturday, January 1, 2005
http://www.theaustralian.news.com.au/common/story_page/0,5744,11821419
%255E643,00.html
The People's Bank of China and the Bank of Japan,
as well as other central banks in Asia, are in trouble.
They have accumulated vast foreign exchange
reserves, estimated at more than $US2 trillion
Gold ETF has strongest start of any ETF but does it really have the gold?
Submitted by cpowell on Fri, 2004-12-31 03:00 Section: Daily DispatchesBy Kevin Plumberg
Reuters
Thursday, December 30, 2004
http://www.reuters.com/financeNewsArticle.jhtml?
type=businessNews&storyID=7209753
NEW YORK -- The dollar dipped to an all-time low against
the euro on Thursday for the sixth consecutive session, as
traders took aim at technical targets in a thin market.
Many foreign exchange desks had skeleton crews, but
Richard Appel says 2005 will be the year of the junior mining stocks
Submitted by cpowell on Thu, 2004-12-30 03:00 Section: Daily Dispatches8:19p ET Wednesday, December 29, 2004
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment
strategist, John Embry, predicts a "spectacular"
move for gold in the new year, arguing that the
determinants of the gold price in the short term
will be the direction of the U.S. dollar, strong
physical demand, and the resolution of the
speculative position on the Comex. You can
Dollar dips to record low against euro
Submitted by cpowell on Thu, 2004-12-30 03:00 Section: Daily Dispatches6p ET Thursday, December 30, 2004
Dear Friend of GATA and Gold:
Kitco says gold and silver both closed 2004 up about
5 percent for the year. That compares to about 3
percent for the Dow Jones Industrial Average and
makes us gold and silver bugs pretty smart. So why
do so many of us feel so stupid and rotten?
Probably because gold and silver mining shares,
as measured by the HUI index, were down 12 percent
James Turk: The impact of a declining dollar
Submitted by cpowell on Wed, 2004-12-29 03:00 Section: Daily Dispatches9:51p ET Tuesday, December 28, 2004
Dear Friend of GATA and Gold:
If you'd like to read more about the defrauding of
the American public with phony inflation statistics,
read Richard Benson's essay, "Inflation
Disinformation," at GoldSeek.com here:
http://news.goldseek.com/SFG/1104335062.php
CHRIS POWELL, Secretary/Treasurer
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