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Daily Dispatches
Is the problem with the dollar really a problem with paper money itself?
Submitted by cpowell on Fri, 2004-02-27 03:00 Section: Daily Dispatches1a ET Friday, February 27, 2004
Dear Friend of GATA and Gold:
The sun'll come out
Tomorrow.
Bet your bottom dollar
That tomorrow
There'll be sun.
Yes, you've heard this from GATA before, if without
the musical accompaniment, which can be found here:
a href=http://www.waltm.net/annie.htmhttp://www.waltm.net/annie.htm/a
But Thursday's price action in the precious metals
Bond''s Wallace Street Journal: The bad guys in silver are outnumbered now
Submitted by cpowell on Fri, 2004-02-27 03:00 Section: Daily DispatchesHeading for a fall, by fiat
The Economist
February 26, 2004
a href=http://www.economist.com/finance/displayStory.cfm?story_id=2459841http:/...
Is the problem with the dollar only that it is falling?
It has certainly been doing that. This month, it fell
to $1.29 against the euro. This is its lowest-ever
rate against the euro, and represents a decline of
Two important new commentaries at Gold-Eagle
Submitted by cpowell on Fri, 2004-02-27 03:00 Section: Daily Dispatches8:57p ET Friday, February 28, 2004
Dear Friend of GATA and Gold:
David Bond's new quot;Wallace (Idaho) Street Journalquot;
commentary about silver concludes this way:
quot;Interesting, watching the charts this Thursday. Silver
slid down all day long. The minute the Comex closed,
it shot up 19 cents and may well have broken free of
gold. What does this tell me? It tells me that Ted
Bugs better think about how they''ll pass along their forthcoming gains
Submitted by cpowell on Tue, 2004-02-24 03:00 Section: Daily Dispatches11:11p ET Monday, February 23, 2004
Dear Friend of GATA and Gold:
GATA member Ed Steer of Edmonton has written quot;Three
Silver Letters to the Powers That Bequot; at FinancialSense.com.
The essay summarizes what Ted Butler and now GATA are trying
to explain to the regulatory authorities about manipulation
of the silver market. You can find Steer's essay here:
a href=http://www.financialsense.com/fsu/editorials/steer/2004/0222.htmlhttp://...
Ted Butler: Silver and Martha Stewart
Submitted by cpowell on Mon, 2004-02-23 03:00 Section: Daily DispatchesBy Jim Sinclair
Sunday, February 22, 2004
a href=http://www.jsmineset.com/http://www.jsmineset.com//a
If the U.S. bond market falls, the U.S. equity market will be
tested. You cannot remove a $72 billion dollar January '04
buyer from the bond market without removing the bull from
both the bond and equity markets.
If you remove the bull from the U.S. equity market, President
Bush would lose the presidential election to Mickey Mouse
Asian central banks quietly diversifying out of U.S. dollar holdings
Submitted by cpowell on Mon, 2004-02-23 03:00 Section: Daily DispatchesBy Ted Butler
February 23, 2004
While I have mixed feelings on the Martha Stewart trial
(should charges have been brought in the first place?),
the government's case is centered on the principle that
lying in an investigation obstructs justice. That's an
important point in the legal process. It's probable that
the government has selected such a celebrity to try to
send a strong signal to those who may be tempted to
Peter Brimelow: Dollar bulls battle dollar bears
Submitted by cpowell on Mon, 2004-02-23 03:00 Section: Daily DispatchesBy Faisal Islam
The Observer, London
Sunday, February 22, 2004
a href=http://observer.guardian.co.uk/business/story/0,6903,1153155,00.htmlhttp...
Asian central banks are quietly moving away from holding
the U.S. dollar in their foreign exchange reserves, suggesting
further weakness in the value of the greenback this year.
Three Silver Letters to the Powers That Be
Submitted by cpowell on Mon, 2004-02-23 03:00 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch.com
Monday, February 23, 2004
NEW YORK -- I've grouched periodically that investment
letters, unusually like Wall Street in this respect,
don't pay enough attention to the U.S. dollar exchange
rate.
Friday's dollar bounce, and gold's bust, looked like a
textbook case of Mark Hulbert's point that the greenback
and gold are inversely correlated.
And as it happens, there's notably more dollar optimism
Staring into the mouth of the trade deficit: The view from Seattle
Submitted by cpowell on Sun, 2004-02-22 03:00 Section: Daily Dispatches3p ET Saturday, February 21, 2004
Dear Friend of GATA and Gold:
Alex Wallenwein, editor and publisher of the Euro Vs.
Dollar Currency War Monitor, has a new commentary
arguing that quot;gold is not a good investment.quot; This is
not to argue that you shouldn't have as much gold as
you can get, but rather that it should not be
accumulated with the intent of quickly converting it
back into cash, or what commonly is considered cash.
Jim Sinclair: Yen rally will be short because it''s political death for Bush
Submitted by cpowell on Sun, 2004-02-22 03:00 Section: Daily DispatchesBy Elizabeth Becker
The New York Times
Saturday, February 21, 2004
a href=http://www.nytimes.com/2004/02/21/business/21trade.htmlhttp://www.nytime...
SEATTLE -- Huge container ships steam into this port
every day loaded with clothes and shoes, furniture and
video games, electronics and aircraft parts made in
Asia.
On their return trip, those same ships often cross the
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