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Daily Dispatches
It''s not an energy crisis but a money crisis
Submitted by cpowell on Fri, 2006-05-19 03:00 Section: Daily DispatchesUS Treasury's Snow Says He Backs Strong Dollar
By Glenn Somerville
Reuters
Friday, May 19, 2006
http://today.reuters.com/investing/financeArticle.aspx?
type=bondsNews&storyID=2006-05-
19T135738Z_01_N19283785_RTRIDST_0_ECONOMY-SNOW-DOLLAR-UPDATE-1.XML
NEW YORK -- U.S. Treasury Secretary John Snow insisted on Friday
Risk of defaults hangs over London Metal Exchange
Submitted by cpowell on Thu, 2006-05-18 03:00 Section: Daily Dispatches9:40p Swiss time May 17, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler says the silver shorts
have pulled their most blatant manipulation yet to try
to escape their position. Any success they have, he
says, may be the "final wash-out." You can find Butler's
analysis at GoldSeek's companion site, SilverSeek, here:
Jason Hommel: Don''t worry about corrections in price
Submitted by cpowell on Thu, 2006-05-18 03:00 Section: Daily DispatchesCopper Trade Losses Spark Fear of Defaults
By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 18, 2006
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/18/cnlme18.xml&menuId=242&sSheet=/money/2006/05/18
/ixcity.html
The risk of defaults was hanging over the London Metal Exchange last
night after a clutch of clients failed to meet margin calls on
Ted Butler: The final wash-out in silver?
Submitted by cpowell on Wed, 2006-05-17 03:00 Section: Daily Dispatches11:25a ET Tuesday, May 16, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the
Freemarket Gold & Money Report and consultant
to GATA, stresses that the Dow Jones Industrial
Average is declining in terms of gold, and so
he advises "Hold Gold, Not the Dow," in a new
essay posted at Kitco here:
James Turk: Hold gold, not the Dow
Submitted by cpowell on Tue, 2006-05-16 03:00 Section: Daily DispatchesBy Alison Fitzgerald
Bloomberg News Service
Monday, May 15, 2006
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=a6jopiL.4IYY&refer=home
WASHINGTON -- International investors slowed purchases of U.S.
securities in March as foreign central banks were net sellers of
Treasury notes for the first time in six months.
Net holdings of Treasury notes, corporate bonds, stocks and other
Peter Brimelow: Gold grinds in
Submitted by cpowell on Mon, 2006-05-15 03:00 Section: Daily DispatchesBy Heather Stewart
The Observer, London
Sunday, May 14, 2006
http://observer.guardian.co.uk/business/story/0,,1774162,00.html
The International Monetary Fund is in behind-the-scenes talks with
the US, China and other major powers to arrange a series of top-
level meetings about tackling imbalances in the global economy, as
Foreign governments sell U.S. bonds as Caribbean ''banks'' buy
Submitted by cpowell on Mon, 2006-05-15 03:00 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch.com
Monday, May 15, 2006
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B41604753%
2D25CC%2D45E0%2D956C%2DF51CE72E052D%7D&siteid=mktw&dist=
NEW YORK -- Another week, another gold column ...with the same
message: it's a bull market.
On May 8, I noted the previous Friday's close was some $30 above the
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