Daily Dispatches

China urged to develop gold market for asset protection, not speculation

Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily Dispatches

By The Mogambo Guru
(a.k.a. Richard Daughty)
DailyReckoning.com
Monday, November 29, 2004

Alert reader Jim E. sent me a New Yorker article by a
guy named James Surowiecki who has written an
interesting article: "Why Gold?" Jim thought the guy
was the "dumbest SOB that ever lived" and of course
I was excited to hear about a guy who was a bigger
and dumber SOB than me!

Read more about China urged to develop gold market for asset protection, not speculation

Lawsuits seeking billions from U.S. companies in South Africa dismissed

Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily Dispatches

Giving Gold a Foreign Touch

By Yu Qiao
China Daily, Beijing
Tuesday, November 30, 2004

http://www.chinadaily.com.cn/english/doc/2004-11/30/content_395899.htm

An executive of Shanghai Gold Exchange yesterday
said that China's sole national gold bourse has made
submissions to the central bank to attract foreign

Read more about Lawsuits seeking billions from U.S. companies in South Africa dismissed

Lack of growth in Wal-Mart sales stokes fears about U.S. recovery

Submitted by cpowell on Sun, 2004-11-28 03:00 Section: Daily Dispatches

By Doug Noland
PrudentBear.com
Friday, November 26, 2004

http://www.prudentbear.com/creditbubblebulletin.asp

Dear Mr. Dollar:

I have for some time expounded your shortfalls and
frailties.And now, with your soundness and future
status having been elevated to the crucial issue in
global markets and economics, it is appropriate that

Read more about Lack of growth in Wal-Mart sales stokes fears about U.S. recovery

Dan Denning: Gold and Gravity

Submitted by cpowell on Sun, 2004-11-28 03:00 Section: Daily Dispatches

Wal-Mart Sales Stoke Recovery Fears

By James Politi in New York
and Chris Giles in London
Financial Times, London
Sunday, November 28, 2004

http://news.ft.com/cms/s/40804c8c-4172-11d9-9dd8-00000e2511c8.html

Worries about the sustainability of the US economic
recovery were stoked on Sunday after the stores

Read more about Dan Denning: Gold and Gravity

Currency markets may be volatile this week amid heavy U.S. data, speeches

Submitted by cpowell on Sun, 2004-11-28 03:00 Section: Daily Dispatches

4p ET Sunday, November 28, 2004

Dear Friend of GATA and Gold:

This essay by Dan Denning of DailyReckoning.com is
a few days old but still notable for adding to the
puzzlement of contrarians about the prevailing
opinion about gold. Is it that gold is explosive,
or that it is due for a sharp and relatively brief
decline before resuming a powerful rise?

Denning does seem to represent the prevailing

Read more about Currency markets may be volatile this week amid heavy U.S. data, speeches

NY Times: Foreign interest appears to flag as dollar falls

Submitted by cpowell on Sat, 2004-11-27 03:00 Section: Daily Dispatches

Dollar Drops Further as Central Banks Reassess Reserves

By Eric Pfanner
International Herald Tribune
at The New York Times
Friday, November 26, 2004

http://www.nytimes.com/2004/11/26/business/26dollarcnd.html?oref=login

LONDON -- The falling dollar reached new depths against
the euro today, after a weeklong erosion of value prompted

Read more about NY Times: Foreign interest appears to flag as dollar falls

China Daily: Gold bars welcomed by Chinese consumers

Submitted by cpowell on Sat, 2004-11-27 03:00 Section: Daily Dispatches

2:25p ET Saturday, November 27, 2004

Dear Friend of GATA and Gold:

Today's New York Times story about the turmoil
in the currency markets, appended here, may be
most interesting for its last paragraph, which
asserts that the biggest growth in purchases of
U.S. Treasury securities is coming from
"Carribean banking centers." These Carribean
banks long have been suspected to be fronts

Read more about China Daily: Gold bars welcomed by Chinese consumers

Gold reserves selloff estimated to have cost Britain

Submitted by cpowell on Sat, 2004-11-27 03:00 Section: Daily Dispatches

Gold Bars Welcomed by Chinese consumers

China Daily, Beijing
Saturday, November 27, 2004

http://www.chinadaily.com.cn/english/doc/2004-11/27/content_395351.htm

With more cash in their wallets, many Chinese are
looking for ways to diversify their investments to
guarantee the security of assets and to even seek