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Daily Dispatches
Yuan upvaluation may benefit Canada and Australia more than U.S.
Submitted by cpowell on Sun, 2005-07-31 03:00 Section: Daily Dispatches6:16p ET Saturday, July 30, 2005
Dear Friend of GATA and Gold:
James Turk, editor of the Freemarket Gold & Money
Report, founder of GoldMoney, and consultant to
GATA, says in new commentary at the GoldMoney
Internet site that gold is breaking out in terms of
British pounds.
Of course that is, as Turk notes, a special delight
to gold's friends, since it is another repudiation of
British Chancellor Gordon Brown, who began
Bloomberg survey quotes GATA pals and notes central bank dishoarding
Submitted by cpowell on Sun, 2005-07-31 03:00 Section: Daily DispatchesBy Peter Robison
Bloomberg News Service
Monday, August 1, 2005
http://www.bloomberg.com/apps/news?
pid=10000081&sid=aEmftYnKdSP0&refer=australia
Now that China has responded to U.S. pressure to revalue its
currency, there may be some unintended winners: Canadian tourists
and Australian copper miners.
Big beneficiaries may include mining companies from Melbourne-based
James Turk says gold breaks out against British pound; and a correction
Submitted by cpowell on Sat, 2005-07-30 03:00 Section: Daily DispatchesNewmont Says Oil Prices Will Hurt Profits
By The Associated Press
Friday, July 29, 2005
http://biz.yahoo.com/ap/050729/indonesia_newmont_mining.html?.v=1
BATU HIJAU, Indonesia -- U.S.-based mining company Newmont said
Friday that rising oil prices will increase its costs by as much as
US$30 million at its massive copper and gold mine in Indonesia.
Italian prosecutors want to indict banks for market rigging in Parmalat case
Submitted by cpowell on Fri, 2005-07-29 03:00 Section: Daily Dispatches10p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
Here's an abbreviated link for the CBSMarketWatch
video interview with GoldMoney founder James Turk:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Newmont cautions on higher costs and lower gold production
Submitted by cpowell on Fri, 2005-07-29 03:00 Section: Daily DispatchesProsecutors Ask for Indictments for Five Banks
and Securities Firms in Parmalat Collapse
By The Associated Press
Friday, July 29, 2005
http://biz.yahoo.com/ap/050729/italy_parmalat_banks.html?.v=1
ROME -- Prosecutors in Milan asked a judge Friday to issue
indictments against five global banks and securities companies for
China''s golden key to independence from the United States
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily DispatchesPlacer Dome Announces 2005 Second Quarter Results
Excerpts from Company Press Release
via Business Wire
Wednesday, July 27, 2005
(U.S. dollars used)
http://biz.yahoo.com/bw/050727/276165.html?.v=1
VANCOUVER, British Columbia -- Placer Dome Inc. announces a second
quarter loss of $7 million ($(0.01) per share), inclusive of a non-
Peter Schiff: China''s peg was America''s crutch
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily DispatchesA Golden Solution to the China Syndrome?
By Richard Lehmann
Forbes.com
Wednesday, July 27, 2005
http://www.forbes.com/investmentnewsletters/2005/07/27/china-gold-
lehmann-cz_rl_0727soapbox_inl.html?
Put yourself in China's shoes. Your economy is heavily dependent
for its economic growth and well being on exports to the United
At this rate Barrick won''t close its hedge book for eight years
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches8:50p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
Peter Schiff of Euro-Pacific Capital Inc. argues in
his new essay, "China's Peg Was America's Crutch,"
that the upward revaluation of the yuan will not be
good for the United States.
He writes:
"China's announcement basically gives all Asian
central banks the green light to sell their dollars as
well.The ultimate implications for Asians and
CBSMarketWatch does video interview of GoldMoney founder James Turk
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches9:27p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
From Barrick Gold's second quarter report, issued
today:
"Production and costs: In second quarter 2005,
Barrick produced 1.2 million ounces of gold and sold
1.1 million ounces at a total cash cost of $243 per
ounce, compared to 1.3 million ounces produced
and 1.2 million ounces sold at a total cash cost of
$209 per ounce for the prior-year quarter."
Abbreviated link for CBSMarketWatch interview with James Turk
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches9:44p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
CBSMarketWatch posted yesterday a video interview
with GATA consultant James Turk, founder of
GoldMoney and editor of the Freemarket Gold &
Money Report, who foresees a gold price above $500
by the end of the year. You can find the interview
here:
http://www.marketwatch.com/tvradio/playerfull.asp?siteID=mktw&guid=%
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