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Daily Dispatches
Newmont''s Lassonde says shortage will push gold to $525 in six months
Submitted by cpowell on Wed, 2005-07-27 03:00 Section: Daily DispatchesChina Central Banker
Says Hedge Funds Delay
Yuan Convertibility
By A. Craig Copetas
Bloomberg News Service
Monday, July 25, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=a5mvfBkBFZ5I&refer=top_world_news
PARIS -- China won't make its currency fully convertible for at
least five years because it worries that hedge funds may force the
Gold hedging knocks Placer Dome for loss
Submitted by cpowell on Wed, 2005-07-27 03:00 Section: Daily DispatchesGold Executive Sees Tight Supply Keeping Prices High
From Reuters
Wednesday, July 27, 2005
http://today.reuters.com/news/newsArticleSearch.aspx?
storyID=335925+27-Jul-2005+RTRS&srch=Newmont
NEW YORK -- Gold supply constraints will prevent the price of the
metal from falling below $420 per ounce in the short run and it will
Banker says China still needs to protect yuan against hedge funds
Submitted by cpowell on Mon, 2005-07-25 03:00 Section: Daily DispatchesYuan Only One Factor in Rates
By Kathleen Pender
San Francisco Chronicle
Sunday, July 24, 2005
http://www.SFGate.com/cgi-bin/article.cgi?
file=/chronicle/archive/2005/07/24/BUGVBDSILT1.DTL&type=business
Will China's move to loosen its currency's link to the dollar be the
pin that pricks the U.S. bond bubble -- and perhaps the housing
Under new currency regime, China still can peg yuan wherever it wants
Submitted by cpowell on Sun, 2005-07-24 03:00 Section: Daily Dispatches9:30p ET Saturday, July 23, 2005
Dear Friend of GATA and Gold:
John Mauldin, president of Millennium Wave Advisors,
has written a wonderfully insightful and engaging
essay about China's currency modification last week
and, more important, about China itself. It's called
"Those Clever Chinese" and you can find it at GoldSeek
here:
http://news.goldseek.com/MillenniumWaveAdvisors/1122213599.php
Can the world be saved from an avalanche of U.S. debt?
Submitted by cpowell on Sat, 2005-07-23 03:00 Section: Daily DispatchesChina Will Remain in Treasury Market;
Analysts Say Yuan Step
Won't Spell End of Dollar Holdings
By Greg Robb
CBSMarketWatch.com
Friday, July 22, 2005
http://www.marketwatch.com/news/story.asp?
siteid=bigcharts&dist=bigchartssnap&guid=%7BDFAF35C6%2D9132%2D461D%
2DA02E%2D7E5CE31924F0%7D
WASHINGTON -- Bond-market participants were wrong to jump to the
Ron Struther notes gold price manipulation; and a correction
Submitted by cpowell on Sat, 2005-07-23 03:00 Section: Daily DispatchesRethinking Globalization:
How Much Longer Can the U.S. Keep Borrowing?
By Clyde Prestowicz
Chicago Tribune
Tuesday, July 19, 2005
http://www.chicagotribune.com/news/opinion/chi-
0506190012jun19,0,1185180.story
With the U.S. economy needing $2 billion daily in loans from the
central banks of China and Japan and the White House demanding that
John Mauldin: Those clever Chinese
Submitted by cpowell on Sat, 2005-07-23 03:00 Section: Daily Dispatches12:51p ET Saturday, July 23, 2005
Dear Friend of GATA and Gold:
Ron Struther of Struther's Resource and Tech Report
comments at length in his July 12 edition about
central bank manipulation of the gold and currency
markets. You can find his analysis here:
http://www.playstocks.net/July-LSG.htm
And a correction to GATA's press release of Friday
GATA hits paydirt: Gold Rush 21 is sold out
Submitted by cpowell on Fri, 2005-07-22 03:00 Section: Daily Dispatches7:21p ET Thursday, July 21, 2005
Dear Friend of GATA and Gold:
Peter Grandich of The Grandich Letter elaborates on
his recent support for GATA in yesterday's edition of
the letter, which you can find here:
http://www.grandich.com/docs/GL_07-20-05.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
China will remain in Treasury market, some economists say
Submitted by cpowell on Fri, 2005-07-22 03:00 Section: Daily DispatchesGATA Press Release
via Business Wire
Friday, July 22, 2005
WHITEHORSE, Yukon, Canada -- The Gold-Anti Trust
Action (GATA) Committee announced today that space at
China switches currency link from dollar to basket of currencies
Submitted by cpowell on Thu, 2005-07-21 03:00 Section: Daily DispatchesBy Bill King
The King Report
M. Ramsey King Securities
www.thekingreport.com
Wednesday, July 20, 2005
Buried in Sunday's Wall Street Journal, Section D,
Page 2, is a frightening article with immutable
math.Despite extremely low interest rates,
consumers are paying a record amount of disposal
income to service debt.Fifty percent of consumer
and 26 percent of mortgage debt is variable.