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Daily Dispatches

U.S. law still may authorize seizure of gold and silver; GATA queries Treasury

Section: Daily Dispatches

By Mark Landler
The New York Times
Thursday, January 27, 2005

http://www.nytimes.com/2005/01/27/business/worldbusiness/27econ.html?

DAVOS, Switzerland, Jan. 26 -- Two things were as clear as the Alpine
air on the opening day of the World Economic Forum on Wednesday: The
relentlessly sinking dollar is Topic A, and anyone hoping for an

More efforts to talk the dollar up and the euro down

Section: Daily Dispatches

By Joshua Krongold
Bloomberg News Service
Monday, January 24, 2005

http://www.bloomberg.com/apps/news?
pid=10000103&sid=aHYMqgZrs7ys&refer=us

NEW YORK -- Central banks are reducing their holdings of
dollars in favor of the euro, according to a survey of 65
central banks, extending a three-year trend identified by
the International Monetary Fund.

Financial Times: Dollar is at the mercy of central banks

Section: Daily Dispatches

5:24p PT Sunday, January 23, 2005

Dear Friend of GATA and Gold:

In a few minutes at the Vancouver Resources Investment
Conference, GATA will announce plans for a gold
conference of its own from which, we hope, will arise a
new mobilization of the precious metals mining industry.

The GATA conference will be called Gold Rush 21; it
will be held in August in Dawson City, Yukon Territory,

Central banks shifting out of dollars, poll finds

Section: Daily Dispatches

By Chris Giles
Economics Editor
Financial Times, London
Monday, January 24, 2005
http://news.ft.com/cms/s/bd52ee06-6dad-11d9-ae0d-00000e2511c8.html

During the past few years the United States has become
dependent not so much on millions of investors around
the globe but on a few individuals in a few of the world's

Most central banks say they''re shifting dollars into euros

Section: Daily Dispatches

From BBC News
Monday, January 24, 2005

http://news.bbc.co.uk/1/hi/business/4200811.stm

Many of the world's central banks are starting to look to the
euro to fill their currency reserves instead of the dollar, a
survey suggests. The poll, carried out by Central Banking
Publications, found 39 nations of the 65 surveyed raising
their euro holdings, with 29 cutting back on the U.S. dollar.

GATA announces Gold Rush 21 conference for August in the Klondike

Section: Daily Dispatches

5:35p PT Friday, January 21, 2005

Dear Friend of GATA and Gold:

A couple of things especially worth reading tonight....

Marshall Auerback of PrudentBear.com examines
Argentina's experience to show how the International
Monetary Fund is mainly the insurance company for
big international banks, protecting them against
their own stupidity and rapaciousness, and should
be abolished. His analysis, "Abolish the IMF," can

Monetary policy can lock out inflation despite dollar''s fall, Fed official says

Section: Daily Dispatches

From Reuters
Wednesday, January 19, 2005

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh90905_2005-01-19_19-27-59_n19372172_newsml

PARIS -- French Finance Minister Herve Gaymard said
on Wednesday he hoped the United States would agree
at a G7 meeting in London next month that the slide in
the U.S. dollar must not continue.

Abolish the IMF, and get a load of those derivative positions

Section: Daily Dispatches

From Reuters
Friday, January 21, 2005

http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=7394337

RICHMOND, Va.-- Monetary policy can keep U.S. inflation
and inflation expectations steady even in the face of a
falling dollar, Richmond Federal Reserve President Jeffrey
Lacker said on Friday.

"Despite all the discussion of exchange rates passing

U.S. won''t get away forever with force-feeding dollars to world, Buffett warns

Section: Daily Dispatches

An Economic Playground

By John Mauldin
DailyReckoning.com
Tuesday, January 18, 2005

We are all familiar with the seesaw. Who among us did not play upon
one as a kid? Seesaws work as long as both partners work together.
Indeed, with the proper cooperation, they are quite fun. However,
there are more than few of you who let your partner get to the top
of his ride and then jump off, allowing him to drop to the ground.

French finance minister expects G7 to get U.S. to agree on halting dollar''s fall

Section: Daily Dispatches

By Agence France-Presse
via TurkishPress.com, Plymouth, Michigan
Wednesday, January 19, 2005

http://www.turkishpress.com/business/news.asp?
id=050119191952.3msg7jej.xml

WASHINGTON -- The dollar cannot avoid further declines
against other major currencies unless the U.S. trade and
current account deficits improve, legendary investor and

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