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Daily Dispatches
Bond manager Bill Gross joins the conspiratorial kooks
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily Dispatches12:45a ET Wednesday, September 29, 2004
Dear Friend of GATA and Gold:
The wonderful essay below by Karim Rahemtulla,
written for DailyReckoning.com, makes reference
to last year's New Orleans Investment Conference
and gives you an idea of the profitable investment
ideas that came out of it -- and will come out of
this year's conference, to be held from Wednesday,
November 10, through Sunday, November 14.
IMF calls on China to drop yuan''s peg to dollar
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily Dispatches9:11a ET Wednesday, September 29, 2004
Dear Friend of GATA and Gold:
Add to the list of respectable people who are
starting to sound like GATA lunatics the
managing director of Pacific Investment
Management Co. (PIMCO), Bill Gross, who
is said to be the most important bond
manager in the world.
In commentary just posted at the PIMCO
Internet site, Gross addresses the fraud of
U.S. government inflation and productivity
Ted Butler: China confirms the obvious about the shortage of raw materials
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily DispatchesBy Tim Ahmann
Reuters
Wednesday, September 29, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6366960
WASHINGTON -- The International Monetary Fund on
Wednesday called on China to drop the yuan currency's
tight peg to the dollar to help keep domestic inflation
under control and bring more balance to the global
GATA extends condolences to Jim Sinclair and his family
Submitted by cpowell on Wed, 2004-09-29 03:00 Section: Daily DispatchesBy Ted Butler
September 29, 2004
Once again the COTs correctly depicted the market
structure and foretold the price direction in silver.
Following the tech fund long liquidation and sharp
selloff, the silver market rallied smartly once the
tech funds were cleaned out, as suggested in last
week's article, "The Setup?"
While it remains to be seen if this move turns into
Chinese premier receives Rubin and talks about exchange rate ''reform''
Submitted by cpowell on Tue, 2004-09-28 03:00 Section: Daily DispatchesNY crude futures hit $50 in evening trading
By Myra P. Saefong
CBS.MarketWatch.com
Monday, September 27, 2004
http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=%
7B0404CF68%2D8E15%2D4138%2DB032%2D4D13DBA3304E%7D&siteid=mktw
SAN FRANCISCO -- Crude futures hit $50 a barrel
in evening trading Monday, continuing higher after
Argentina''s central bank moves more reserves into gold
Submitted by cpowell on Tue, 2004-09-28 03:00 Section: Daily DispatchesPremier says China to make yuan more flexible
Reuters
Tuesday, September 28, 2004
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh92754_2004-09-28_11-51-09_pek174607_newsml
BEIJING -- Chinese Premier Wen Jiabao pledged on
Tuesday to push ahead with reform of the yuan
currency and make the exchange rate mechanism
China is contemplating getting out of the dollar
Submitted by cpowell on Tue, 2004-09-28 03:00 Section: Daily DispatchesArgentina's Central Bank Increases Gold Reserves
Reuters
Tuesday, September 28, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6351310
LONDON -- Argentina's central bank bought more
gold in July and August, taking its gold reserves up
to 1.77 million troy ounces by the end of August, or
He''s that bullish: McEwen would bank all Goldcorp''s production if he could
Submitted by cpowell on Tue, 2004-09-28 03:00 Section: Daily Dispatches8:40p ET Tuesday, September 28, 2004
Dear Friend of GATA and Gold:
China's English-language daily newspaper, China
Daily, today published a major opinion essay by
the head of the economics department of China
Foreign Affairs University. He argued that China
stands to suffer huge losses if it continues to
hold most of its foreign exchange reserves in
U.S. dollars, and he advocated converting those
20 percent devaluation of U.S. dollar is reported proposed for G7 meeting
Submitted by cpowell on Mon, 2004-09-27 03:00 Section: Daily DispatchesBy Nicole Mordant
Reuters
Sunday, September 26, 2004
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh64626_2004-09-27_00-11-59_n26656630_newsml
DENVER -- Rattled by a spate of high-profile mining
disruptions on several continents this month, gold
stock investors are looking to company bosses to
Internet link to Dow Jones Newswires story on dollar devaluation
Submitted by cpowell on Mon, 2004-09-27 03:00 Section: Daily Dispatches8:21a ET Monday, September 27, 2004
Dear Friend of GATA and Gold:
While an in-the-clear Internet link is not available
for the Dow Jones Newswires story below, GATA has
confirmed its genuineness, so the question becomes
the reliability of the unidentified sources of the
source publication, the British paper The Business.
The consequences of the possible international
financial policy cited by those sources -- a
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