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Daily Dispatches
Asian central banks thought to be snapping up dishoarded European gold
Submitted by cpowell on Thu, 2005-03-31 03:00 Section: Daily DispatchesEurope Gold Holds Firm,
Shrugs Off IMF Gold Report
From Reuters
Thursday, March 31, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp;:424bcf2f:3afece84
4b2d7a8f?type=businessNews&localeKey=en_ZA&storyID=8046883
LONDON -- Gold prices held above support at $426 per ounce on
Thursday in Europe, with the market discounting remarks by the
Richard Appel: The action of gold and the dollar is surreal
Submitted by cpowell on Thu, 2005-03-31 03:00 Section: Daily DispatchesMarkets Shrug Off Gold Sales by ECB
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, April 1, 2005
The European Central Bank revealed yesterday that it had quietly
sold 47 tonnes of gold over recent months, but said it planned no
further sales before September.
The gold markets shrugged off the surprise announcement, which marks
the first time the ECB has joined national central banks in cutting
Hank Fellerman: An open letter to Newmont Mining
Submitted by cpowell on Wed, 2005-03-30 03:00 Section: Daily Dispatches9:35p ET Tuesday, March 29, 2005
Dear Friend of GATA and Gold:
Peter Schiff, CEO of Euro-Pacific Capital in
Newport Beach, California, has written what
may be the best brief analysis of the parasitism
that constitutes the world economy under the
dollar regime. It's titled "Even Stephen Roach
Has It Wrong" and it makes the point that may be
obvious to everyone who is not in the financial
Last sentence has only news in this Financial Times story about IMF gold sales
Submitted by cpowell on Wed, 2005-03-30 03:00 Section: Daily Dispatches1:52p ET Wednesday, March 30, 2005
Dear Friend of GATA and Gold:
Longtime GATA supporter Hank Fellerman has written
an open letter to Newmont Mining, in which he owns
shares, asking why Newmont has done nothing to help
GATA or to expose the suppression of the gold price.
Other Newmont shareholders might do well to express
similar concerns. You can find Fellerman's letter
here:
''We know money,'' AIG boasts, but -- ooops -- they just misplaced $1.7 billion
Submitted by cpowell on Wed, 2005-03-30 03:00 Section: Daily DispatchesIMF Presses Case for Gold Sales
to Help Relieve Debt Burden
By Andrew Balls
Financial Times, London
Wednesday, March 30, 2005
http://news.ft.com/cms/s/64d0dcee-a146-11d9-95e5-00000e2511c8.html
WASHINGTON -- The International Monetary Fund believes the best way
to provide more debt relief for the world's poorest countries is for
Audio interview with James Turk, author of ''The Coming Collapse of the Dollar''
Submitted by cpowell on Wed, 2005-03-30 03:00 Section: Daily DispatchesThese are the gangsters who, until last year,
controlled the silver market on the U.S.
commodities exchanges....
* * *
AIG Accounting May Have
Overstated Worth by $1.7 Billion
By David Plumb and Jesse Westbrook
Bloomberg News Service
Wednesday, March 31, 2005
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=a1fPWNXLlbs0&refer=home
South African gold companies pushed into survival mode
Submitted by cpowell on Tue, 2005-03-29 03:00 Section: Daily DispatchesAnalysts Expect Indian Plan
to Tap Idle Gold to Move Slowly
From Reuters via The Peninsula
Doha, Qatar
Sunday, March 27, 205
http://www.thepeninsulaqatar.com/Display_news.asp?
section=Business_News&subsection=market+news&month=March2005&file=Bus
iness_News200503272282.xml
MUMBAI -- For housewife Arpita Mohan, giving up her gold ornaments
Malaysia''s former prime minister urges businesses to get out of dollar
Submitted by cpowell on Tue, 2005-03-29 03:00 Section: Daily DispatchesBy Jackie Range
Dow Jones Newswires
Monday, March 28, 2005
http://sg.biz.yahoo.com/050329/15/3rjq2.html
LONDON -- Drilling deep underground in dark, hot, and wet conditions,
South Africa's gold miners may have little idea their industry is
facing its biggest challenge yet miles above their heads.
While rival companies with dollar-based costs bask in a high gold
Peter Schiff: The world could get along just fine without freeloading Americans
Submitted by cpowell on Tue, 2005-03-29 03:00 Section: Daily DispatchesBy B.K. Sidhu, Muguntan Vanar,
and Ruben Sario
The Star
Petaling Jaya, Malaysia
Wednesday, March 30, 3005
http://biz.thestar.com.my/news/story.asp?
file=/2005/3/30/business/10547137&sec=business
KOTA KINABALU, Malaysia -- The U.S. dollar is facing an imminent
collapse, Tun Dr. Mahathir Mohamad warned yesterday.
The former prime minister told a conference of some 650 chief
James Turk rebuts Tim Wood on gold''s failure to keep up with commodity prices
Submitted by cpowell on Mon, 2005-03-28 03:00 Section: Daily DispatchesGold May Rise, Spurred by
Speculation Inflation Will Accelerate
By Choy Leng Yeong
Bloomberg News Service
Monday, March 28, 2005
http://www.bloomberg.com/apps/news?
pid=email_us&refer=commodity_futures&sid=a_BQoE.Me208
SEATTLE -- Gold may rebound from a six-week low on speculation that
inflation will accelerate and boost the allure of the precious metal