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Daily Dispatches
Gold market is manipulated even before central banks get involved
Submitted by cpowell on Thu, 2005-05-19 03:00 Section: Daily Dispatches9:35p ET Wednesday, May 18, 2005
Dear Friend of GATA and Gold:
In his new essay "Pirates Reprise," Ron Kirby reports
that the U.S. Treasury Department has quietly altered
its records of the U.S. government bonds held by
foreign entities. As a result, the value of bonds
reported held by Japan and China has fallen sharply
while the value of bonds reported held by Britain and
Caribbean banks has risen just as sharply.
Bush administration may ask Greenspan to stay at Fed after term expires
Submitted by cpowell on Wed, 2005-05-18 03:00 Section: Daily DispatchesBy Robert Schroeder
CBSMarketWatch.com
Tuesday, May 17, 2005
http://www.marketwatch.com/news/yhoo/story.asp?
source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B95360032%2DDDDA%2D4238%
2D9604%2DF0FF7B7765EE%7D
WASHINGTON -- President Bush nominated Reuben Jeffrey on Tuesday to
be chairman of the Commodity Futures Trading Commission.
Altered U.S. bond holdings data gives the game away
Submitted by cpowell on Wed, 2005-05-18 03:00 Section: Daily DispatchesAdministration Considers
Delaying Fed Chief's Exit;
An Extra Few Months Would Give
Greenspan the Longest Tenure
By Nell Henderson
Washington Post
Wednesday, May 18, 2005
Federal Reserve Chairman Alan Greenspan frequently urges Americans
to postpone retirement and stay on the job longer.
He may soon get the chance to do so himself.
Bush administration officials are mulling whether to encourage
Adjustable and interest-only mortgages constitute 2/3rds of new home loans
Submitted by cpowell on Tue, 2005-05-17 03:00 Section: Daily DispatchesBy Jim Sinclair
Monday, May 16, 2005
Chinese and Japanese holdings of U.S. Treasury instruments declined
in April. Someone should tell the U.S. media because this
development is earth-shaking in a financial sense.
Clearly the most important news of the day got little play in the
financial media. The Treasury International Capital (TIC) report
U.S. warns China to overhaul currency system
Submitted by cpowell on Tue, 2005-05-17 03:00 Section: Daily DispatchesConcerns Mount About Mortgage Risks
Latest Data Show Move Toward Alternative Loans
Is More Pronounced Than Previously Thought
By Ruth Simon
The Wall Street Journal
Tuesday, May 17, 2005
In the latest sign of how frothy the housing market has become, new
data show the degree to which people are stretching to buy homes in
a hot housing market.
The data, from the Mortgage Bankers Association, show that
Fears for dollar as central banks sell U.S. assets
Submitted by cpowell on Tue, 2005-05-17 03:00 Section: Daily DispatchesBy Jeannine Aversa
Associated Press
Tuesday, May 17, 2005
http://news.yahoo.com/s/ap/20050517/ap_on_go_ca_st_pe/us_china_curren
cy_18
WASHINGTON -- The Bush administration warned China on Tuesday that
it could be cited as a currency manipulator and face economic
sanctions unless it moves swiftly to overhaul its currency system.
Ted Butler: A spectacular setup for silver and gold, but TAKE DELIVERY
Submitted by cpowell on Tue, 2005-05-17 03:00 Section: Daily DispatchesBy Christopher Swann and Richard Beales
Financial Times, London
Monday, May 16, 2005
http://news.ft.com/cms/s/883cd656-c62b-11d9-b69b-
00000e2511c8,ft_acl=,s01=2.html
The world's central banks were net sellers of US assets in March for
the first time since September 2002, according to figures that may
hint that the recent rebound in the dollar will be temporary.
Former Goldman Sachs exec to head commodity futures trading regulator
Submitted by cpowell on Tue, 2005-05-17 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, May 16, 2005
Developments in the current market structure, as defined by the
Commitment of Traders Report (COT), require comment. Extrapolated
through today, silver is still in a spectacular structure, with the
best COT position in a number of years, according to my
interpretation.
Gold has now joined silver, with what I would estimate as a 100,000
James Turk: The quest for sound money in New Hampshire
Submitted by cpowell on Mon, 2005-05-16 03:00 Section: Daily DispatchesCity Hedge Funds Head for Domino Collapse
Peter Koenig and Louise Armitstead
The Times, London
Sunday, May 15, 2005
http://business.timesonline.co.uk/article/0,,8209-1612390,00.html
Bad investments by some of the biggest hedge funds in London have
triggered unprecedented losses, record demands for money back, and
Sharp decline in foreign purchases of U.S. government bonds
Submitted by cpowell on Mon, 2005-05-16 03:00 Section: Daily Dispatches12:01p ET Monday, May 16, 2005
Dear Friend of GATA and Gold:
James Turk, founder of GoldMoney, editor of the
Freemarket Gold & Money Report, and consultant
to GATA, has written a short essay describing
his efforts in support of what's being called the
Sound Money Bill in New Hampshire -- legislation
that would allow people to pay or receive payments
from state government in gold or silver. You can
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