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Daily Dispatches
European Central Bank''s loss caused by depreciation of dollar reserves
Submitted by cpowell on Thu, 2005-01-13 03:00 Section: Daily DispatchesCompany Press Release via CCNMatthews
Thursday, January 13, 2005
http://biz.yahoo.com/ccn/050113/8a1a87e5e9b7a1bdf56762a810e742e8_1.htm
l
VANCOUVER, British Columbia -- First Silver Reserve
Inc. (FSR on the Toronto Stock Exchange) today
announced that the company has recently purchased
another 100,000 ounces of silver at a price below the
Central banks count the cost of holding lots of declining dollars
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Myra P. Saefong
CBS.MarketWatch.com
Monday, January 10, 2005
http://cbs.marketwatch.com/news/story.asp?guid=%7B0335A88D%2D73A3%
2D4FBF%2D8DA0%2D8AD541FA8AF7%7D&siteid=mktw
SAN FRANCISCO -- Gold futures closed narrowly
higher Monday, after suffering a decline of nearly
$19 an ounce last week.
"Gold seems to be finding a small foothold here after
Ted Butler: Same as it ever was, only better
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Agence France-Presse
Monday, January 10, 2005
http://news.yahoo.com/news?
tmpl=story&u=/afp/20050110/ts_afp/eueurozoneecbbankeconomyforexeurores
ults_050110125804
FRANKFURT -- The weak dollar appears to be tearing
holes in the annual accounts of central banks both in
Europe and elsewhere around the world, with many
banks considering reducing their official holdings in
Hans Sennholz: The dollar''s questionable future
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, January 11, 2005
Repetitive, that's one word. Another is manipulative.
I'm talking about the price action in silver (and gold). Once
again,
significant price movements were dictated by the trading tango
between mechanical technical funds and the New York dealers. This is
what moves the markets. In the short to intermediate term, it is the
only thing that moves the markets.
Can gold survive Jessica Cross AND gangsta rappers?
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Hans Sennholz
DailyReckoning.com
Tuesday, January 11, 2005
If the love of money is the root of all evil, the depreciation of
money must be the mainspring of all shams and frauds. It works
silently and covertly, impoverishes many while it enriches a few,
and thereby inflicts great harm on social cooperation and
international relations.
A few economists are sounding the alarm about the decline of the
James Turk explains ''The Coming Collapse of the Dollar''
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Simon Johnson
Reuters
Wednesday, January 12, 2005
http://www.reuters.co.uk/newsArticle.jhtml?
type=topNews&storyID=652427
STOCKHOLM -- Gold is no longer the metal of choice for the adornment
of the ruling class because "chavs" are reducing its elitist appeal.
Rappers, hip-hop artists, and youngsters copying their pop icons are
Frank Holmes of US Global Investors: Each portfolio should have a heart of gold
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily Dispatches11:27p ET Tuesday, January 11, 2005
Dear Friend of GATA and Gold:
James Turk -- founder of GoldMoney, editor of the
Freemarket Gold and Money Report, and consultant
to GATA -- is just out with his book "The Coming
Collapse of the Dollar," written with his friend
John Rubino and published by Doubleday.
The book has its own Internet site --
Gold funds may shine in 2005
Submitted by cpowell on Mon, 2005-01-10 03:00 Section: Daily DispatchesBy Natsuko Waki and Thomas Atkins
Reuters
Sunday, January 9, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7274065
BASEL, Switzerland -- Central bankers, joined by commercial
counterparts and financial regulators from around the globe, on
Sunday discussed ways to ensure smooth economic growth
Russians will do better in rubles than dollars, finance minister promises
Submitted by cpowell on Mon, 2005-01-10 03:00 Section: Daily DispatchesBy Keith Damsell
The Globe and Mail, Toronto
Monday, January 10, 2005
http://www.theglobeandmail.com/servlet/story/RTGAM.20050110.wxrfundwa
tch10/BNStory/Business/
What the heck happened to your precious metals
mutual fund?
The volatile asset class had a miserable 2004,
down 17 percent on average, making it the
Kinross President/CEO Buchan to retire in April, become non-executive chairman
Submitted by cpowell on Mon, 2005-01-10 03:00 Section: Daily DispatchesBy Reuters in The Moscow Times
Tuesday, January 11, 2005
http://www.themoscowtimes.com/stories/2005/01/11/052.html
The ruble should gain ground against major currencies in
2005 and the best place for Russians to keep their
savings will be in ruble bank deposits, Finance Minister
Alexei Kudrin said last week.
Kudrin forecast further weakness in the dollar as the
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