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Daily Dispatches
G-20 meeting discusses exchange rates but concludes nothing
Submitted by cpowell on Sun, 2004-11-21 03:00 Section: Daily DispatchesBy Robin Elsham
AFX Press / Agence-France Press
Friday, November 12, 2004
http://www.fxstreet.com/nou/noticies/afx/noticia.asp?
pv_noticia=1100254316-9e32d306-16911
TOKYO -- Bank of Japan Governor Toshihiko Fukui said it
would have a stablizing effect on the global financial
system if a clear rival to the U.S. dollar as a key global
James Turk: New bullion fund admits that it may not actually have the gold
Submitted by cpowell on Sun, 2004-11-21 03:00 Section: Daily DispatchesBy Noah Barkin and Nick Antonovics
Reuters
Sunday, November 21, 2004
http://www.reuters.com/financeNewsArticle.jhtml?
type=businessNews&storyID=6876144
BERLIN -- A communique from the G20 group of rich
and developing countries made no explicit reference
to currency swings on Sunday, despite mounting
concern in Europe and Japan over a slide in the U.S.
John Mauldin: Things That Go Bump in My Worry Closet
Submitted by cpowell on Sat, 2004-11-20 03:00 Section: Daily Dispatches10:21p ET Friday, November 19, 2004
Dear Friend of GATA and Gold:
The Daily Reckoning's New York correspondent,
Eric J. Fry, has taken note of the June speech
to the London Bullion Market Association by
Bank of Russia Deputy Chairman Igor Mozhaivskov.
Fry's essay is titled "The Monetary Cold War"
and you can find it here:
http://dailyreckoning.com/home.cfm?loc=/body_headline.cfm&qs=id=4278
Jim Puplava''s ''Financial Sense Newshour'' has David Morgan''s metals commentary
Submitted by cpowell on Sat, 2004-11-20 03:00 Section: Daily Dispatches8:19a ET Saturday, November 20, 2004
Dear Friend of GATA and Gold:
John Mauldin of Millenium Wave Advisors has some
wonderful big-picture economic analysis, "Things
That Go Bump in My Worry Closet," at
GoldSeek.com here:
http://news.goldseek.com/MillenniumWaveAdvisors/1101032577.php
CHRIS POWELL, Secretary/Treasurer
Bank of Japan governor says world needs rival to U.S. dollar as global currency
Submitted by cpowell on Sat, 2004-11-20 03:00 Section: Daily Dispatches2:56p ET Saturday, November 20, 2004
Dear Friend of GATA and Gold:
In the next world, financial commentary programs on
network television and radio will sound like Jim
Puplava's "Financial Sense Newshour," which, for
the time being in this world, is confined to the
subversive ether of the Internet, wherein we reside.
This week's program includes a report on the
precious metals by David Morgan of
Bank of France will sell 500-600 tonnes of gold over five years
Submitted by cpowell on Fri, 2004-11-19 03:00 Section: Daily DispatchesBy The Associated Press
a href=http://www.forbes.com/business/services/feeds/ap/2004/11/19/ap1666207.ht...
html
French Finance Minister Nicolas Sarkozy and Bank
of France Governor Christian Noyer have finalized
discussions on the sale of a portion of France's
gold reserves.
Noyer confirmed his intention to sell 500 to 600
Everybody wants to talk about dollar''s fall but action is something else
Submitted by cpowell on Fri, 2004-11-19 03:00 Section: Daily DispatchesDollar Falls Against Euro, Yen,
As G-20 May Not Act to Halt Drop
By Rodrigo Davies
Bloomberg News Service
Friday, November 19, 2004
a href=http://quote.bloomberg.com/apps/news?http://quote.bloomberg.com/apps/new...
pid=10000006amp;sid=ar8qsaLX.Kkcamp;refer=home
The dollar fell against the euro and the yen on
expectations that finance ministers and central
bankers from the Group of 20 largest economies,
Greenspan foresees ''diminished appetite'' for the dollar
Submitted by cpowell on Fri, 2004-11-19 03:00 Section: Daily DispatchesBy Mary Williams Walsh
The New York Times
Tuesday, November 16, 2004
http://www.nytimes.com/2004/11/16/business/16pension.html?
pagewanted=all
The federal agency that insures pension plans said
yesterday that its deficit, already at the highest in
its history, had doubled in its last fiscal year, to
$23.3 billion.
Analysts understand Greenspan to want dollar weaker
Submitted by cpowell on Fri, 2004-11-19 03:00 Section: Daily DispatchesBy JEANNINE AVERSA
Associated Press Writer
Friday, November 19, 2004
WASHINGTON -- The persistence of bloated U.S. trade
deficits over time can pose a risk to the U.S.
economy, which thus far has proven resilient, Federal
Reserve Chairman Alan Greenspan warned Friday.
olicy-makers must not get lulled into a sense of
complacency, he said.
The broadest measure of trade, called the current
Eric Fry: The Monetary Cold War
Submitted by cpowell on Fri, 2004-11-19 03:00 Section: Daily DispatchesGreenspan Cements Market View
That U.S. Wants Weaker Dollar
By Jamie McGeever and John Parry
Reuters
Friday, November 19, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh77222_2004-11-19_17-21-51_n19414898_newsml
NEW YORK -- If financial markets felt any lingering
doubt that U.S. policymakers want the dollar to