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Daily Dispatches
Newmont seeks to prevent shareholder vote on environmental practices
Submitted by cpowell on Sat, 2005-01-01 03:00 Section: Daily DispatchesBy Harold James
The Australian, Sydney
Saturday, January 1, 2005
http://www.theaustralian.news.com.au/common/story_page/0,5744,11821419
%255E643,00.html
The People's Bank of China and the Bank of Japan,
as well as other central banks in Asia, are in trouble.
They have accumulated vast foreign exchange
reserves, estimated at more than $US2 trillion
Gold ETF has strongest start of any ETF but does it really have the gold?
Submitted by cpowell on Fri, 2004-12-31 03:00 Section: Daily DispatchesBy Kevin Plumberg
Reuters
Thursday, December 30, 2004
http://www.reuters.com/financeNewsArticle.jhtml?
type=businessNews&storyID=7209753
NEW YORK -- The dollar dipped to an all-time low against
the euro on Thursday for the sixth consecutive session, as
traders took aim at technical targets in a thin market.
Many foreign exchange desks had skeleton crews, but
Richard Appel says 2005 will be the year of the junior mining stocks
Submitted by cpowell on Thu, 2004-12-30 03:00 Section: Daily Dispatches8:19p ET Wednesday, December 29, 2004
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment
strategist, John Embry, predicts a "spectacular"
move for gold in the new year, arguing that the
determinants of the gold price in the short term
will be the direction of the U.S. dollar, strong
physical demand, and the resolution of the
speculative position on the Comex. You can
Dollar dips to record low against euro
Submitted by cpowell on Thu, 2004-12-30 03:00 Section: Daily Dispatches6p ET Thursday, December 30, 2004
Dear Friend of GATA and Gold:
Kitco says gold and silver both closed 2004 up about
5 percent for the year. That compares to about 3
percent for the Dow Jones Industrial Average and
makes us gold and silver bugs pretty smart. So why
do so many of us feel so stupid and rotten?
Probably because gold and silver mining shares,
as measured by the HUI index, were down 12 percent
James Turk: The impact of a declining dollar
Submitted by cpowell on Wed, 2004-12-29 03:00 Section: Daily Dispatches9:51p ET Tuesday, December 28, 2004
Dear Friend of GATA and Gold:
If you'd like to read more about the defrauding of
the American public with phony inflation statistics,
read Richard Benson's essay, "Inflation
Disinformation," at GoldSeek.com here:
http://news.goldseek.com/SFG/1104335062.php
CHRIS POWELL, Secretary/Treasurer
John Embry expects a ''spectacular'' move for gold in the new year
Submitted by cpowell on Wed, 2004-12-29 03:00 Section: Daily Dispatches8p ET Wednesday, December 29, 2004
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the
Freemarket Gold & Money Report and
consultant to GATA, examines "The Impact
of a Declining Dollar" in a new essay in
the "Founder's Commentary" box at the top
left of the GoldMoney home page here:
Richard Benson: Inflation Disinformation
Submitted by cpowell on Tue, 2004-12-28 03:00 Section: Daily DispatchesBy Mark Tannenbaum and Jonas Bergman
Bloomberg News Service
Monday, December 27, 2004
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=a35q0IgJY7fg&refer=home
The dollar declined to weaker than $1.36 per euro for the
first time, reaching its seventh record low this month, on
speculation the United States and Europe will allow the
Join GATA at the Vancouver Resource Investment Conference Jan. 23 and 24
Submitted by cpowell on Mon, 2004-12-27 03:00 Section: Daily DispatchesDollar near all-time low vs. euro
From Reuters
Sunday, December 26, 2004
http://www.reuters.com/financeNewsArticle.jhtml?
type=businessNews&storyID=7180723
TOKYO -- The dollar held just off a record low against
the euro on Monday, but downward pressure
remained strong after a euro-zone minister showed
little concern over the European currency's recent
Warren Buffett: Markets always defeat government intervention
Submitted by cpowell on Mon, 2004-12-27 03:00 Section: Daily Dispatches12:09a ET Monday, December 27, 2004
Dear Friend of GATA and Gold:
Here's a reminder that GATA Chairman Bill Murphy
will be a speaker and GATA will have a booth at
the 2005 Vancouver Resource Investment Conference,
to be held at the Vancouver Convention and
Exhibition Centre on Sunday and Monday, January 23
and 24, and that we'll be joined by some of the
gold and silver world's favorite experts,
Julian D.W. Phillips: Bundesbank''s decision not to sell gold is historic
Submitted by cpowell on Mon, 2004-12-27 03:00 Section: Daily DispatchesA Word From A Dollar Bear
By Robert Lenzner and Daniel Kruger
Forbes magazine
January 10, 2005
http://www.forbes.com/home/free_forbes/2005/0110/036.html
Warren Buffett's vote of no confidence in U.S. fiscal policies is up
to $20 billion.The dollar has fallen savagely against the euro for
the past three years, and the trade deficit is running $55 billion a