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Daily Dispatches
Still more efforts to talk the dollar back up
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesJapan May Intervene Soon
To Prop Up Dollar: Report
From Reuters
Monday, November 29, 2004
http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=6945722
NEW YORK -- Japanese monetary authorities may
be spurred to intervene to prop up the dollar once the
U.S. currency falls below 102 yen, according to a
Teasury Secretary Snow likely won''t be kept on long, Washington Post suggests
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesJapan May Intervene Soon
To Prop Up Dollar: Report
From Reuters
Monday, November 29, 2004
http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=6945722
NEW YORK -- Japanese monetary authorities may be
spurred to intervene to prop up the dollar once
the U.S. currency falls below 102 yen, according
to a report from New York-based consultants Medley
Richard Daughty: The gold bug in all of us
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesBush to Change Economic Team;
Candidates Likely To Be From
Outside The Administration
By Mike Allen
Washington Post
Monday, November 29, 2004
http://www.washingtonpost.com/wp-dyn/articles/A18599-2004Nov28.html
President Bush plans to overhaul his economic team
for the second time in two years and wants to tap
China urged to develop gold market for asset protection, not speculation
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesBy The Mogambo Guru
(a.k.a. Richard Daughty)
DailyReckoning.com
Monday, November 29, 2004
Alert reader Jim E. sent me a New Yorker article by a
guy named James Surowiecki who has written an
interesting article: "Why Gold?" Jim thought the guy
was the "dumbest SOB that ever lived" and of course
I was excited to hear about a guy who was a bigger
and dumber SOB than me!
Lawsuits seeking billions from U.S. companies in South Africa dismissed
Submitted by cpowell on Mon, 2004-11-29 03:00 Section: Daily DispatchesGiving Gold a Foreign Touch
By Yu Qiao
China Daily, Beijing
Tuesday, November 30, 2004
http://www.chinadaily.com.cn/english/doc/2004-11/30/content_395899.htm
An executive of Shanghai Gold Exchange yesterday
said that China's sole national gold bourse has made
submissions to the central bank to attract foreign
Lack of growth in Wal-Mart sales stokes fears about U.S. recovery
Submitted by cpowell on Sun, 2004-11-28 03:00 Section: Daily DispatchesBy Doug Noland
PrudentBear.com
Friday, November 26, 2004
http://www.prudentbear.com/creditbubblebulletin.asp
Dear Mr. Dollar:
I have for some time expounded your shortfalls and
frailties.And now, with your soundness and future
status having been elevated to the crucial issue in
global markets and economics, it is appropriate that
Dan Denning: Gold and Gravity
Submitted by cpowell on Sun, 2004-11-28 03:00 Section: Daily DispatchesWal-Mart Sales Stoke Recovery Fears
By James Politi in New York
and Chris Giles in London
Financial Times, London
Sunday, November 28, 2004
http://news.ft.com/cms/s/40804c8c-4172-11d9-9dd8-00000e2511c8.html
Worries about the sustainability of the US economic
recovery were stoked on Sunday after the stores
Currency markets may be volatile this week amid heavy U.S. data, speeches
Submitted by cpowell on Sun, 2004-11-28 03:00 Section: Daily Dispatches4p ET Sunday, November 28, 2004
Dear Friend of GATA and Gold:
This essay by Dan Denning of DailyReckoning.com is
a few days old but still notable for adding to the
puzzlement of contrarians about the prevailing
opinion about gold. Is it that gold is explosive,
or that it is due for a sharp and relatively brief
decline before resuming a powerful rise?
Denning does seem to represent the prevailing
NY Times: Foreign interest appears to flag as dollar falls
Submitted by cpowell on Sat, 2004-11-27 03:00 Section: Daily DispatchesDollar Drops Further as Central Banks Reassess Reserves
By Eric Pfanner
International Herald Tribune
at The New York Times
Friday, November 26, 2004
http://www.nytimes.com/2004/11/26/business/26dollarcnd.html?oref=login
LONDON -- The falling dollar reached new depths against
the euro today, after a weeklong erosion of value prompted
China Daily: Gold bars welcomed by Chinese consumers
Submitted by cpowell on Sat, 2004-11-27 03:00 Section: Daily Dispatches2:25p ET Saturday, November 27, 2004
Dear Friend of GATA and Gold:
Today's New York Times story about the turmoil
in the currency markets, appended here, may be
most interesting for its last paragraph, which
asserts that the biggest growth in purchases of
U.S. Treasury securities is coming from
"Carribean banking centers." These Carribean
banks long have been suspected to be fronts
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