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Daily Dispatches
Treasury Department says it has no authority to confiscate gold
Submitted by cpowell on Tue, 2005-01-04 03:00 Section: Daily Dispatches7:43p ET Tuesday, January 4, 2005
Dear Friend of GATA and Gold:
You'll want to read silver market analyst Ted Butler's
new commentary, "Friedman's Theory," which analyzes
U.S. Geological Survey data to conclude that, in terms
of quantity remaining to be mined, silver may have
become the rarest metal. You can find it at the top
left of the Investment Rarities home page here:
Noranda continues acquisition talks with China''s Minmetals
Submitted by cpowell on Tue, 2005-01-04 03:00 Section: Daily Dispatches8:12p ET Tuesday, January 4, 2005
Dear Friend of GATA and Gold:
In a letter released today in response to an inquiry
from GATA, the U.S. Treasury Department declared that
it has no statutory authority to confiscate gold.
GATA made the inquiry last fall through the office of
U.S. Rep. John B. Larson, Democrat of Connecticut,
co-sponsor with U.S. Rep. Ron Paul, Republican of
Texas, of legislation to require the Treasury
Peter Brimelow: 2004 ends quietly, except for gold
Submitted by cpowell on Mon, 2005-01-03 03:00 Section: Daily DispatchesGold May Rise in First Week of 2005
on Dollar Weakness, Survey is Told
By Laura Humble
Bloomberg News Service
Monday, January 3, 2005
http://quote.bloomberg.com/apps/news?pid=nifea&&sid=aXcIL5gXYL6k
LONDON -- Gold prices may rise in the first week
of 2005 after the dollar's drop to a record against
The drubbing of the dollar: dangerous or therapeutic?
Submitted by cpowell on Mon, 2005-01-03 03:00 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch.com
Monday, January 3, 2005
http://cbs.marketwatch.com/news/story.asp?guid=%7B60A812F7%2D6058%
2D4182%2D9F78%2D19B0745BFE73%7D&siteid=mktw&dist=
NEW YORK -- U.S. stock exchange operators might have
wondered why they were being dragged into work at all
last week.
As Profitable Investing's Richard Band noted Thursday in
Barry Downs and Bill Matlack on the foreign exchange market
Submitted by cpowell on Sun, 2005-01-02 03:00 Section: Daily DispatchesBy The Associated Press
Friday, December 31, 2004
http://biz.yahoo.com/ap/041231/newmont_indonesia_4.html
DENVER -- Newmont Mining Corp. wants to bar
shareholders from voting on a proposal that would
require a company review of waste disposal
programs in Indonesia, where it is accused of
poisoning villagers.
Attorneys for the Denver-based company, the
An interview with Hecla Mining CEO Phil Baker
Submitted by cpowell on Sun, 2005-01-02 03:00 Section: Daily Dispatches10:38a ET Sunday, January 2, 2005
Dear Friend of GATA and Gold:
Barry Downs and Bill Matlack, brokers with Aegis Capital
Corp. in New York, have some telling observations about
the foreign exchange market, the dollar, and competitive
devaluations in their essay "With Paper Money, Confidence
is 'Suspicion Asleep'" at Gold-Eagle here:
Traders in Bloomberg survey mull gold''s week ahead
Submitted by cpowell on Sun, 2005-01-02 03:00 Section: Daily Dispatches11a ET Sunday, January 2, 2005
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich has an excellent interview
with Hecla Mining's president and CEO, Phil Baker,
about the future of that venerable company and of
silver itself. You can find it here:
http://www.mineweb.net/sections/whats_new/401133.htm
CHRIS POWELL, Secretary/Treasurer
Economists predict that ECB will be forced to devalue the euro
Submitted by cpowell on Sat, 2005-01-01 03:00 Section: Daily DispatchesStreetTracks Gold Draws $1.3 Billion,
Giving it the Best Start for an ETF
By Claudia Carpenter and Choy Leng Yeong
Bloomberg News Service
Friday, December 31, 2004
http://www.bloomberg.com/apps/news?
pid=10000103&sid=af8XJNpjoJ4Q&refer=us
A fund created last month to invest in gold bullion has
attracted $1.29 billion from investors, making it the
Deficit seen keeping dollar in downtrend during 2005
Submitted by cpowell on Sat, 2005-01-01 03:00 Section: Daily DispatchesEurope 'Will Have to Act on Dollar'
By Edmund Conway
The Telegraph, London
Saturday, January 1, 2005
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2005/01/01/cnecb01.xml&menuId=242&sSheet=/money/2005/01/01/
ixcity.html
The European Central Bank will this year be forced
to intervene in the foreign exchange markets,
Vast reserves of a declining currency are dangerous for Asian central banks
Submitted by cpowell on Sat, 2005-01-01 03:00 Section: Daily DispatchesDollar depreciates for third year;
deficit seen keeping downtrend intact in 2005
By Rachel Koning
CBS.MarketWatch.com
Friday, December 31, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7B90138A60%2DE45D%
2D41BC%2D8275%2D3992482B90EC%7D&siteid=mktw
CHICAGO -- The U.S. dollar suffered its third straight