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Daily Dispatches
Kuwait revalues currency; other Gulf countries may follow
Submitted by cpowell on Sun, 2006-05-14 03:00 Section: Daily Dispatches10:20p ET Saturday, May 13, 2006
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold & Money
Report (www.fgmr.com), founder of GoldMoney,
co-author of "The Coming Collapse of the Dollar,"
and consultant to GATA, has given a wonderful
Internet radio interview to Tom Jeffries of
GoldRadioFM and HoweStreet.com. It credits GATA's
Gold Rush 21 conference for hastening the rise in
St. Louis business columnist quotes GATA board member Wistar Holt
Submitted by cpowell on Sun, 2006-05-14 03:00 Section: Daily DispatchesFrom Reuters
via Gulf Times, Doha, Qatar
Friday, May 12, 2006
http://www.gulf-times.com/site/topics/article.asp?
cu_no=2&item_no=86033&version=1&template_id=48&parent_id=28
Kuwait revalued the dinar for the first time in 17 months on
Thursday, sparking a rally in regional currencies and intense market
speculation that Saudi Arabia, the world's top oil exporter, would
Julian Phillips: A ''spike'' or something else?
Submitted by cpowell on Sun, 2006-05-14 03:00 Section: Daily DispatchesIn the Face of Inflation,
Gold is a 24-Karat Bet
By David Nicklaus
St. Louis Post-Dispatch
Sunday, May 14, 2006
http://www.stltoday.com/stltoday/business/columnists.nsf/davidnicklau
s/story/8E4BBBF316D308268625716D000B2F5A?OpenDocument
The price of gold has risen $100 in a month and $300 in a year, but
Central bankers are backing ''Plaza lite'' to devalue U.S. dollar
Submitted by cpowell on Sun, 2006-05-14 03:00 Section: Daily Dispatches12:24p ET Sunday, May 14, 2006
Dear Friend of GATA and Gold:
Julian D.W. Phillips, editor of Gold Forecaster,
argues that the current rise in the gold price
is structurally different from the rise at the
end of the 1970s and thus is sustainable. His
latest essay is titled "A 'Spike' or Something
Else?" and you can find it at GoldSeek here:
Grandich expects short 10-15% dive in gold, then up again
Submitted by cpowell on Sun, 2006-05-14 03:00 Section: Daily DispatchesBy Liam Halligan
The Telegraph, London
Sunday, May 14, 2006
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/14/ccliam14.xml
On Friday the dollar plunged to a 12-month low. With sterling close
to $1.90 and further dollar falls likely, we could soon see a $2
pound.
Good news, then, if you have booked a holiday in America. But that
Goodbye, ''strong dollar policy'' -- traders say U.S. is happy to see it fall
Submitted by cpowell on Sun, 2006-05-14 03:00 Section: Daily DispatchesUnsustainable Gold on Brink of Crash,
US Metals Guru Peter Grandich Says
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, May 15, 2006
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/15/cngold15.xml
An American metals guru has warned that gold could crash within
hours or days after a speculative "blowoff" last week to a 26-year
IMF acts to avoid market ''meltdown''
Submitted by cpowell on Sun, 2006-05-14 03:00 Section: Daily DispatchesBy Kevin Carmichael
Bloomberg News Service
Monday, May 15, 2006
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aOZVD0xr9eSM&refer=home
WASHINGTON -- The Bush administration, seeking to narrow its near
record trade deficit, is signaling comfort with the dollar's 6.6
percent decline this year.
Treasury Secretary John Snow's calls for stronger Asian currencies
Chancellor''s losses hit $6.6 billion as gold touches record high
Submitted by cpowell on Sat, 2006-05-13 03:00 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Saturday, May 13, 2006
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/13/cncopp113.xml&sSheet=/money/2006/05/13/ixcityto
p.html
Thieves used to steal lead from church roofs. Now they raid railway
lines for copper.
The heavily-protected stretch of high-speed (TGV) track from Rheims
Howe Street interviews James Turk; GoldSeek interviews Bill Murphy
Submitted by cpowell on Sat, 2006-05-13 03:00 Section: Daily DispatchesLabour's sale of half the Bank of England's reserves
to invest in euro and yen was 'impatient' and 'badly timed'
By Jason Niss
The Independent, London
Sunday, May 14, 2006
http://news.independent.co.uk/business/news/article422920.ece
Gold hit record highs on Friday, raising the cost of Gordon Brown's
decision to sell half of the UK's reserves to more than $6.5 billion
Royal Mint warns against melting pennies as dentists profit from scrap fillings
Submitted by cpowell on Fri, 2006-05-12 03:00 Section: Daily DispatchesGold Bugs
By Peter McKay
The Wall Street Journal
Thursday, May 11, 2006
Investing pros have begun pondering the possibility that gold will
hit a record over $800 a troy ounce soon. This means that the gold
bugs -- that patchwork of sometimes offbeat investors who love the
shiny stuff -- are happier, and louder, than ever.
Gold futures for May delivery have risen this week 3.2%, or $21.50,
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