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Daily Dispatches
James Turk: Last week didn''t take dollar out of its 3-year decline
Submitted by cpowell on Mon, 2004-07-26 03:00 Section: Daily DispatchesGold Is Up to its Old Tricks;
Expect a Rally in Battered Gold Shares
By John Brimelow
CBSMarketWatch.com
Monday, July 26, 2004
http://www.marketwatch.com/news/story.asp?
siteid=mktw&dist=moreover&guid=E0AE9B3F-FE26-472E-8E7F-CD4FC2D482F5
NEW YORK -- Gold is below $400 again. It won't last.
Twice this year I have written on gold, making the
Don''t think of gold as down but rather as vindicated
Submitted by cpowell on Mon, 2004-07-26 03:00 Section: Daily Dispatches8:50a ET Monday, July 26, 2004
Dear Friend of GATA and Gold:
James Turk, founder of GoldMoney.com, editor of
the Freemarket Gold & Money Report, and
consultant to GATA, has updated his chart of
the U.S. dollar index and finds that the dollar
remains firmly within the downward channel it has
inhabited for three years. He concludes:
"Nothing good has happened to suggest that the
This is the future the Federal Reserve is planning for gold
Submitted by cpowell on Thu, 2004-07-22 03:00 Section: Daily DispatchesBy Andrew Davis
Bloomberg News Service
Wednesday, July 21, 2004
http://quote.bloomberg.com/apps/news?
pid=10000085&sid=aMO5Il2qCFrU&refer=europe
ROME -- Parmalat Finanziaria SpA's main banks such
as Citigroup Inc. and UBS AG allowed the bankrupt
Italian foodmaker to hide the true state of its
finances for more than a decade, according to a
David Morgan of Silver-Investor.com interviewed by FreeMarketNews.com
Submitted by cpowell on Thu, 2004-07-22 03:00 Section: Daily DispatchesBy Roshiela Moonsamy
Cape Argus, Cape Town, South Africa
Wednesday, July 21, 2004
http://capeargus.co.za/index.php?fSectionId=49&fArticleId=2158445
A woman paid thousands of rands for one hour's
parking -- with a single coin in the meter.
The 55-year-old inadvertently dropped a century-old
gold Kruger sovereign she reckons could be worth
China''s Minmetals cinches bid for Noranda, Brazilian paper says
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Ted Butler
Monday, July 19, 2004
The market structure, as depicted by the Commitments
of Traders Report (COT), deteriorated more sharply than
I expected in gold, copper, and silver. The latest COTs,
as of the close of business July 13, indicated a notable
increase in the dealers' net short position. Extrapolating
from the report's cutoff date, there was further tech fund
buying and dealer short selling since then. My guess is
China''s hunger for raw materials is seen in acquisition of Noranda
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily Dispatcheshttp://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5729807
RIO DE JANEIRO, Brazil, July 21 (Reuters) -- Brazil's Cia
Vale do Rio Doce (CVRD) lost out to China's Minmetals
in a battle to buy Canadian miner Noranda Inc, local
business daily Valor Economico said on Wednesday.
Valor quoted unnamed sources following the negotiations
Randgold says it might consider Iamgold deal but Gold Fields won''t
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Peter Blackburn and Nicole Mordant
Reuters
Wednesday, July 21, 1004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5733592
RIO DE JANEIRO/VANCOUVER -- China Minmetals
Nonferrous Metals Co. has beaten Brazil's Cia Vale do
Rio Doce in the battle to buy Noranda Inc., a Brazilian
newspaper said on Wednesday, adding more grist to a
At J.P. Morgan Chase, fraud claims are just ordinary business expenses
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Ben Harding
Reuters
Wednesday July 21, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5734180
JOHANNESBURG -- African gold producer Randgold
Resources said Wednesday it might consider a tie-up
with Canada's Iamgold Corp., but South Africa's Gold
Fields quashed rumours it was in the hunt.
Prosecution report says Citigroup, other banks assisted Parmalat fraud
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Justin Baer
Bloomberg News Service
Wednesday, July 21, 2004
http://quote.bloomberg.com/apps/news?
pid=10000103&sid=aHOTE3b.yvJY&refer=us
J.P. Morgan Chase & Co., the second- biggest U.S.
bank, had a quarterly loss after setting aside $2.3
billion to help settle lawsuits stemming from its role
in the collapse of companies such as Enron Corp.
Manipulation of gold price amid Greenspan testimony is taken for granted now
Submitted by cpowell on Mon, 2004-07-19 03:00 Section: Daily DispatchesWheaton River sells silver production
for over C$262M, creates Silver Wheaton
By Nancy Carr
Canadian Press
Thursday, July 15, 2004
http://www.canada.com/businesscentre/story.html?id=87E8916E-D911-4977-
80DF-73D8AABF47B8
TORONTO -- Wheaton River Minerals Ltd. is
selling all its silver production to a
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