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Daily Dispatches
Now India''s central bank admits considering diversifying out of the dollar
Submitted by cpowell on Sat, 2005-03-12 03:00 Section: Daily DispatchesBy Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Thursday, March 10, 2005
Previous Japanese dalliances with gold were always
a reaction to tough trade talks -- times when the
United States was pressuring Japan to lower trade
barriers and allow its currency to float (presumably
higher). This week's comment by Prime Minister
Koizumi did NOT come as a reaction to trade talks
Help get your mining companies to send a representative to Gold Rush 21
Submitted by cpowell on Sat, 2005-03-12 03:00 Section: Daily DispatchesAsian Foreign Exchange Reserves: A $2.46 Trillion Question
From Reuters
Friday, March 11, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh61574_2005-03-11_08-29-08_sp344615_newsml
SINGAPORE -- One of the hottest topics in world markets is whether
Asian central banks will diversify their huge currency reserves, a
Algerian energy minister says OPEC has reached oil production limit
Submitted by cpowell on Sat, 2005-03-12 03:00 Section: Daily Dispatches6p ET Saturday, March 12, 2005
Dear Friend of GATA and Gold:
GATA is asking for your help again but a member
of our Board of Directors, Ed Steer of Edmonton,
Alberta, had made it very easy for you with his
new essay, "A Call to Arms." On GATA's behalf
he asks shareholders of gold and silver mining
companies to take a little responsibility for
getting their companies -- and he emphasizes
''Midas'' commentary for March 9 posted in the clear at GoldSeek
Submitted by cpowell on Thu, 2005-03-10 03:00 Section: Daily Dispatches11p ET Wednesday, March 9, 2005
Dear Friend of GATA and Gold:
Argument over excessive holdings of U.S. dollar
reserves has broken into the open again at the
highest levels of an Asian government. The other
day it was South Korea. Tonight, as you'll see
by the news stories appended here, it's Japan.
Whatever governments and central banks end up
doing about it, their nervousness about their
China''s Minmetals gives up bid to gain all of Noranda, might take a stake
Submitted by cpowell on Thu, 2005-03-10 03:00 Section: Daily Dispatches1:31a ET Thursday, March 10, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary
for Wednesday, March 9, at LeMetropoleCafe.com
has been posted in the clear at GoldSeek.com
here:
http://news.goldseek.com/LemetropoleCafe/1110467532.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
GATA press release: Gold''s lagging commodities shows central bank market rigging
Submitted by cpowell on Thu, 2005-03-10 03:00 Section: Daily DispatchesNoranda Setback Won't Stop
China's Hunt for Metals
By Polly Yam and Robin Paxton
Reuters
Thursday, March 10, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh38666_2005-03-10_10-28-40_hkg302039_newsml
HONG KONG/SINGAPORE -- China Minmetals Corp. will scour the world
for raw materials to feed sizzling industrial growth at home but may
Michael Kosares: Japan''s arrow well-aimed at the heart of the dollar
Submitted by cpowell on Thu, 2005-03-10 03:00 Section: Daily DispatchesPress Release via Business Wire
Thursday, March 10, 2005
http://home.businesswire.com/portal/site/google/index.jsp?
ndmViewId=news_view&newsId=20050310005232&newsLang=en
Gold's failure to keep up with exploding commodity prices, as it did
during the last commodities boom in 1980, is more powerful evidence
of surreptitious intervention by central banks in the gold market,
Now Japan''s nervousness about excessive dollar reserves breaks into the open
Submitted by cpowell on Wed, 2005-03-09 03:00 Section: Daily DispatchesBy Steve Rothwell and Vivianne C. Rodrigues
Bloomberg News Service
Tuesday, March 8, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=ahi9FM5uTMDA&refer=top_world_news
The euro advanced against the dollar to its highest in two months
after European Central Bank policy maker Nout Wellink suggested to
the Financial Times Deutschland the bank may raise interest rates to
Undercurrent of dismay in China over accumulation of dollar assets
Submitted by cpowell on Tue, 2005-03-08 03:00 Section: Daily DispatchesBy Steve Johnson
Financial Times, London
Monday, March 7, 2005
http://news.ft.com/cms/s/a51f413c-8f3a-11d9-a70f-00000e2511c8.html
The extent to which Indian and Chinese banks are cutting their
exposure to the ailing US dollar was revealed yesterday in data from
the Bank for International Settlements.
The Asian central and commercial banks covered in the BIS data held
Ted Butler: The coming silver accident
Submitted by cpowell on Tue, 2005-03-08 03:00 Section: Daily DispatchesChina Says It Won't Sell Dollars
By Keith Bradsher
The New York Times
Monday, March 7, 2005
http://www.nytimes.com/2005/03/07/business/worldbusiness/07yuan.html
HONG KONG, March 6 -- The Chinese official in charge of his
country's huge foreign currency reserves said over the weekend that
China had no plans to sell dollars, and also ruled out any "large-
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