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Daily Dispatches
Citigroup reported ready to plea-bargain over manipulating European bond market
Submitted by cpowell on Sun, 2005-05-08 03:00 Section: Daily DispatchesBy Agence France-Presse
via Khaleej Times, Dubai
Sunday, May 8, 2005
http://www.khaleejtimes.com/DisplayArticle.asp?
xfile=data/subcontinent/2005/May/subcontinen
t_May268.xml§ion=subcontinent
LONDON -- With economists forecasting India's economy to grow by 7
percent during the fiscal year 2004/05, the country is seen as
CMRE hears about New Hampshire''s gold and silver payment legislation
Submitted by cpowell on Fri, 2005-05-06 03:00 Section: Daily Dispatches9:12p ET Tuesday, May 3, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary tonight
at LeMetropoleCafe.com has been posted in the clear at
GoldSeek here:
http://news.goldseek.com/LemetropoleCafe/1115175600.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Morgan Chase settles securities fraud lawsuit for $356 million
Submitted by cpowell on Fri, 2005-05-06 03:00 Section: Daily Dispatches1:11a ET Friday, May 6, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood reports on what may
have been the most interesting presentation at
Thursday's meeting of the Committee for Monetary
Research and Education in New York -- Edwin
Viera's on legislation proposed in New Hampshire
to put gold and silver back to work as currency
for transactions with state government.
You can find the Resource Investor report here:
India seen reducing its dollar reserves
Submitted by cpowell on Tue, 2005-05-03 03:00 Section: Daily Dispatches7:28p ET Sunday, May 1, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the Freemarket
Gold & Money Report and founder of GoldMoney, has
recast his dollar charts for his new commentary, "The
Dollar Continues to Mark Time." He sees the dollar's
recent strength as part of a bear-market rally at best.
You can find his analysis in the "Founder's
Commentary" box at the top left of the GoldMoney
Peter Brimelow: Why gold and gold shares take different paths
Submitted by cpowell on Tue, 2005-05-03 03:00 Section: Daily DispatchesBy Steve Johnson
Financial Times, London
Tuesday, May 3, 2005
http://news.ft.com/cms/s/c365f284-bbeb-11d9-817e-00000e2511c8.html
Fears of a weakening appetite for dollars among Asian central banks
were re-ignited on Tuesday when India became the latest nation to
talk of reserve diversification.
India is secretive about the composition of its reserves, which have
Ted Butler: Silver below $7 today is as cheap as silver below $5 used to be
Submitted by cpowell on Tue, 2005-05-03 03:00 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch.com
Monday, May 2, 2005
NEW YORK -- Gold and gold shares are diverging. Why?
Last week was grim for gold shares -- but not bad for gold itself.
Both the Philadelphia Gold and Silver Index (XAU) and the usually
more sensitive AMEX gold bugs index (HUI) lost 6 percent. Bullion
actually rose $1.80.
What does this disparity mean?
One thing it means is gloom and fear in goldbug land. As James Turk
Murphy''s ''Midas'' commentary for May 3 posted in the clear at GoldSeek
Submitted by cpowell on Tue, 2005-05-03 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, May 3, 2005
I'm trying to avoid the short-term analysis of price movements. But
the recent swoon in the price of silver by some 40 cents and the
change in the market structure on the COMEX require comment. While
I'll be the first to admit that I did not fully expect this blip to
the downside, the one-week selloff in silver has dramatically
improved the market structure. I'm convinced that the tech funds
James Turk on the dollar and Nelson Hultberg on gold''s dawn
Submitted by cpowell on Sun, 2005-05-01 03:00 Section: Daily Dispatches8:40p ET Saturday, April 30, 2005
Dear Friend of GATA and Gold:
GATA consultant Robert K. Landis has just examined
at length the literature on the question of the day
among gold's followers: whether gold is a hedge
against inflation or deflation. He concludes that
gold is a hedge against monetary collapse, whether
that collapse seems inflationary or deflationary:
"Gold is what you want when they seal the borders
Did China test market Friday to prepare for revaluing its currency?
Submitted by cpowell on Sat, 2005-04-30 03:00 Section: Daily Dispatches1:12a ET Friday, April 29, 2005
Dear Friend of GATA and Gold:
MiningMX's David McKay elaborates on Gold Fields
Mineral Service's 2005 gold survey and finds that
it reports continuing declines in both gold
production and hedging by gold producers.
With gold demand rising, how is the growing gap
between supply and demand being filled so that
the gold price may be restrained? Just where
Robert K. Landis: What is gold best at hedging against?
Submitted by cpowell on Sat, 2005-04-30 03:00 Section: Daily DispatchesRumours on Revaluation of Renminbi Increase
By Richard McGregor
Financial Times, London
Saturday, April 29, 2005
BEIJING -- China's currency traded briefly outside its tightly
controlled band on Friday, triggering a renewed wave of speculation
that the government was preparing to allow a long-expected
revaluation.
The unexpected price move followed weeks of international pressure
on China to allow the renminbi to appreciate. But the People's Bank