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Daily Dispatches
Euro Jumps to $1.32, Bonds Rally, Gold Surges
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily Dispatches"Conspiracies rarely exist."
-- Dennis Gartman
in The Gartman Letter,
September 14, 2004
* * *
AIG to Pay $126 Million to Settle U.S. Probes
By Jonathan Stempel
Reuters
Wednesday, November 24, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6911964
NEW YORK -- American International Group Inc. on
Everyone expects intervention or a bounce for the dollar but it''s not happening
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesCovert Intervention by European Central Bank Expected
By Raj Rajendran
Reuters
Thursday, November 25, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh66519_2004-11-25_13-55-06_l25626607_newsml
LONDON -- The euro hit a record high of $1.32 on
Thursday on a growing view Washington is happy
Bond boss admits that the great scheme is to rip off the developing world
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesDollar Drops to Record;
UBS, JPMorgan, Merrill Lower Forecasts
By Rodrigo Davies and John Brinsley
Bloomberg News Service
Thursday, November 25, 2004
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aDP_cn5PBe4Y&refer=home
The dollar fell to $1.32 per euro for the first time and
dropped to a 4 1/2-year low against the yen as UBS
Growth in demand for gold outstrips production
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily Dispatches12:03p ET Thursday, November 25, 2004
Dear Friend of GATA and Gold:
Be grateful for the Bloomberg story appended here
about a new essay by Paul McCulley, managing
director of Pacific Investment Management Co., the
big bond house, but the story doesn't tell the half
of it.
For McCulley, who sits at the pinnacle of the world
financial establishment, has just acknowledged most
of what GATA Chairman "Wild Bill" Murphy has been
S. African finance minister warns textile workers against stronger rand, China
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesBy Rhona O'Connell
MineWeb.com
Thursday, November 25, 204
LONDON -- The pressure is on for physical gold.
Demand is growing and production is falling. That
is according to the latest gold supply and demand
trends published by the World Gold Council
covering the third quarter released this morning
and which show a contraction in supply against
growth in demand. ...
China economic meeting this weekend prompts speculation on currency revaluation
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesFinance Minister Predicts
Strong Rand Against Dollar
Mail & Guardian, Johannesburg
Thursday, November 25, 2004
http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&ao=126133
South African Finance Minister Trevor Manuel told
textile workers on Thursday that foreign-exchange
matters were critical to understanding the future
Pimco Internet site goes out of service
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesDollar Sinks to New Lows
By Darryl Thomson
Financial Times, London
Thursday, November 25, 2004
http://news.ft.com/cms/s/0217d728-3ed2-11d9-8e70-00000e2511c8.html
The dollar fell to an all-time low against the euro
for the third successive day and a nine-year nadir
versus the Swiss franc in thinner than usual trade
Central bankers told that they shouldn''t talk publicly about rigging markets
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily Dispatches7:28p ET Thursday, November 25, 2004
Dear Friend of GATA and Gold:
Pimco's Internet site seems to have gone out of
service this afternoon not long after you received
the GATA dispatch about the essay by Pimco
Managing Director Paul McCulley. We'll all
watch for the site's restoration.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
The World Gold Council''s next opportunity for jewelry promotion
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily Dispatches9:04p ET Thursday, November 25, 2004
Dear Friend of GATA and Gold:
While you may be getting tired of news reports
about dollar exchange rates, all those dispatched
to you in recent days have included comments
by market analysts or government officials that
might have added important perspective. The
Bloomberg story below is notable for quoting
the European Central Bank's chief economist,
Bank of England''s chief economist says dollar could fall another 15 percent
Submitted by cpowell on Thu, 2004-11-25 03:00 Section: Daily DispatchesBy Sharon Labi
Australian Associated Press
in The Age, Melbourne
Friday, November 26, 2004
http://www.theage.com.au/news/Science/Gold-treatment-for-
prostate/2004/11/25/1101219679474.html?oneclick=true
In an Australian first, men are having tiny grains of
gold inserted into their prostates to help doctors
treat their cancer.
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