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Daily Dispatches
Newmont sees dollar slipping more and gold at $425-$475
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesBy Jonathan Fuerbringer
The New York Times
Thursday, February 24, 2005
http://www.nytimes.com/2005/02/24/business/24dollar.html
The dollar's plunge Tuesday and its small rebound yesterday
underscored how vulnerable it is right now to a further decline.
The vulnerability can be traced to a fear that the United States
David Morgan: Historic silver is headed for higher ground
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily DispatchesFrom Reuters
Thursday, February 24, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh88137_2005-02-24_23-13-50_n244274_newsml
NEW YORK -- The dollar will continue to slide this year, pushing up
the price of gold, a senior executive of Newmont Mining Corp., the
world's largest gold producer, forecast on Thursday.
Newmont expects weakening of ''dollar support syndicate''
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily Dispatches8:03p ET Thursday, February 24, 2005
Dear Friend of GATA and Gold:
David Morgan, proprietor of Silver-Investor.com, has
written an encouraging essay about silver's prospects
-- "Historic Silver: Headed for Higher Ground" -- and
you can find it at SilverSeek.com here:
IMF head urges policies that will minimize disruption caused by falling dollar
Submitted by cpowell on Thu, 2005-02-24 03:00 Section: Daily Dispatches8:27p ET Thursday, February 24, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood has a good elaboration
on today's remarks by the executives of Newmont
Mining, which include observations that the "dollar
support syndicate" is weakening. You can find it
here:
Goldcorp acts on its principles: Gold is money
Submitted by cpowell on Wed, 2005-02-23 03:00 Section: Daily DispatchesSouth Korea Says It Will Diversify
Reserves Without Dumping Dollars
From Reuters
Tuesday, February 23, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7706714
TOKYO -- The dollar rebounded against the euro and the yen on
Wednesday after South Korea signaled that plans to diversify its
Dubai conference resolves never to hint that gold is money and investment
Submitted by cpowell on Wed, 2005-02-23 03:00 Section: Daily Dispatches7:41p ET Wednesday, February 23, 2005
Dear Friend of GATA and Gold:
Resource Investor has picked up a Canadian Press
story about Goldcorp President Rob McEwen's
conference call with market analysts this week.
It's notable for reiterating the company's belief
in gold as money and for emphasizing the company's
withholding a third of its production in
anticipation of higher gold prices. Sure beats
Placer Dome cuts hedges by 1.5 million ounces, 9 million ounces to go
Submitted by cpowell on Wed, 2005-02-23 03:00 Section: Daily DispatchesBy Agence France-Press
The China Post, Taipei
Thursday, February 24, 2005
http://www.chinapost.com.tw/business/detail.asp?GRP=E&id=58798
DUBAI -- Gold and jewelry industry experts decided in Dubai on
Tuesday to work toward forming an umbrella group to better market
jewelry as a single category and make it more appealing to
Financial Times: Dollar scare reveals fragile support
Submitted by cpowell on Wed, 2005-02-23 03:00 Section: Daily DispatchesPlacer Dome Profits Drop on Sluggish Sales
From Reuters
Wednesday, February 23, 2005
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh64546_2005-02-24_01-22-23_n23653558_newsml
NEW YORK -- Placer Dome Inc. said on Wednesday quarterly profit fell
due to sluggish sales.
The world's fifth-biggest gold producer posted earnings of $39
Dollar falls sharply on report South Korea will diversify currency reserves
Submitted by cpowell on Tue, 2005-02-22 03:00 Section: Daily DispatchesGoldcorp 4th Quarter Profit
Falls 65% on Withheld Output
By Choy Leng Yeong
Bloomberg News Service
Monday, February 21, 2005
http://quote.bloomberg.com/apps/news?pid=10000080&sid=aS8K8sKCe0Vg
Goldcorp Inc., Canada's fourth-largest gold producer, said fourth-
quarter profit fell 65 percent as the company held back some of its
Ted Butler: Where''s your silver?
Submitted by cpowell on Tue, 2005-02-22 03:00 Section: Daily DispatchesBy Taizo Hirose
Bloomberg News Service
Tuesday, February 22, 2005
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aWcrfg7PMTtQ&refer=home
TOKYO -- The dollar fell almost a cent against the euro and dropped
versus the yen on a report that South Korea's central bank will
diversify its currency reserves.
The central bank, which has $200 billion in reserves,
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