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Daily Dispatches
South Korea buys $1 billion to suppress its own currency
Submitted by cpowell on Fri, 2006-01-13 03:00 Section: Daily DispatchesFrom AFX News
Thursday, January 12, 2006
http://www.forbes.com/markets/feeds/afx/2006/01/12/afx2447281.html
BEIJING -- China has no plan to sell off its U.S. dollar assets, the
head of the People's Bank of China, Zhou Xiaochuan, was quoted as
saying in the official Shanghai Securities News.
The central bank governor also said he does not know of any plan to
Asian currency unit draws near, much to dismay of United States
Submitted by cpowell on Fri, 2006-01-13 03:00 Section: Daily DispatchesThe Chosun Ilbo, Seoul, South Korea
Friday, January 13, 2006
http://english.chosun.com/w21data/html/news/200601/200601130023.html
Government intervention in the currency market boosted the value of
the U.S. dollar on Friday, when the greenback surged 13.80 won to
987.80 won. The exchange rate opened up W2.00 at W976.00 on an
Copper and other base metals are turning into currencies
Submitted by cpowell on Fri, 2006-01-13 03:00 Section: Daily DispatchesSingle Asian Currency Comes a Step Closer to Reality
The Chosun Ilbo, Seoul, South Korea
Friday, January 13, 2006
http://english.chosun.com/w21data/html/news/200601/200601130018.html
The Asian single currency, which so far exists only in the minds of
economists and officials with international organizations, will take
You''re invited to GATA''s reception at the Vancouver conference
Submitted by cpowell on Thu, 2006-01-12 03:00 Section: Daily Dispatches9:15p ET Tuesday, January 10, 2006
Dear Friend of GATA and Gold:
Orders now are being taken over the Internet for
copies of the DVD of the proceedings of the Gold
Anti-Trust Action Committee's Gold Rush 21
conference last August in Dawson City, Yukon
Territory, Canada.
The DVD is a two-disk set containing a
dramatic 25-minute summary of the conference
and about eight hours of the presentations of
AngloGold says more hedging unlikely for two years
Submitted by cpowell on Thu, 2006-01-12 03:00 Section: Daily Dispatches12:20a ET Thursday, January 12, 2005
Dear Friend of GATA and Gold:
Thanks to the extravagant generosity of the Larry
Reaugh companies -- Goldrea Resources Corp.,
Adanac Moly Corp., and MolyCor Gold Corp. --
the Gold Anti-Trust Action Committee will hold
a reception for its friends in the Vancouver area
at the conclusion of the Vancouver Resource
Investment Conference. We'll be celebrating the
Derivative backlogs rise despite banks'' efforts
Submitted by cpowell on Thu, 2006-01-12 03:00 Section: Daily DispatchesFrom Mining Weekly Online
Thursday, January 12, 2006
http://www.miningweekly.co.za/min/news/today/?show=79339
South Africa's AngloGold Ashanti is bullish enough about a strong
gold price that it does not expect to resume most hedging for at
least a couple of years, a top official said yesterday.
AngloGold, the world's second biggest gold producer, is the only
No sale of dollar assets is planned, China''s central bank governor says
Submitted by cpowell on Thu, 2006-01-12 03:00 Section: Daily DispatchesBy David Wigan
Reuters
Thursday, January 12, 2006
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh17537_2006-01-12_13-03-28_l12611867_newsml
LONDON -- Backlogs of trade confirmations on credit derivatives
continued to rise in 2005 despite bank efforts to fix the problem
after U.S. regulators demanded action, pricing provider Markit said
Murphy''s ''Midas'' commentary for Jan. 10 posted in the clear at Kitco
Submitted by cpowell on Tue, 2006-01-10 03:00 Section: Daily DispatchesChina Losing Confidence in the Dollar
By Peter S. Goodman
Washington Post
Monday, January 9, 2006
http://www.washingtonpost.com/wp-
dyn/content/article/2006/01/09/AR2006010901042.html
SHANGHAI -- As China's industrial juggernaut has flooded foreign
ports with cheap factory-made goods in recent years, its central
bank coffers have filled with the bounty flowing back to these
Embry smashes the gold cartel and Barrick on ROB-TV
Submitted by cpowell on Tue, 2006-01-10 03:00 Section: Daily Dispatches8:21p ET Tuesday, January 11, 2006
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary
for January 10 at LeMetropoleCafe.com, "Why the
Gold Cartel Messed With the Wrong Irishman, and
A Salute to My Hero," has been posted in the clear
at Kitco.com here:
China''s refusal to sell dollar assets doesn''t mean buying will continue
Submitted by cpowell on Tue, 2006-01-10 03:00 Section: Daily Dispatches8:25p ET Tuesday, January 11, 2006
Dear Friend of GATA and Gold:
Drop whatever you're doing and watch Sprott Asset
Management's chief investment strategist, John
Embry, on today's "Market Call with Jim O'Connell"
program on ROB-TV in Canada. Embry lands hard
blows against the gold cartel and Barrick Gold
while prophesying gold's imminent victory.
You can find Embry at the 12:30 p.m. segment of
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