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Daily Dispatches
''Midas'' commentary for December 12 posted in the clear at GoldSeek
Submitted by cpowell on Sat, 2003-12-13 03:00 Section: Daily Dispatches10:45p ET Saturday, December 13, 2003
Dear Friend of GATA and Gold:
Thanks to John Embry, president of Sprott Asset
Management in Toronto, for his kind remarks
about GATA in the essay he wrote for the December
5 issue of Investor's Digest of Canada, and to
Investor's Digest for permission to share the
essay with you below.
Embry writes:
quot;GATA, the Gold Anti-Trust Action Committee,
Foreign central banks reduce buying of U.S. government debt
Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatchesa href=http://quote.bloomberg.com/apps/news?http://quote.bloomberg.com/apps/new...
pid=10000101amp;sid=a3Zf4qSM7L20amp;refer=japan
From Bloomberg News
Thursday, December 11, 2003
The Bank of Japan sold yen and bought dollars in Tokyo,
said traders at financial institutions that deal with the
nation's central bank, marking the third consecutive day
of currency sales.
Japan sold its currency at about 108.30 per dollar, said
The money''s no good, PIMCO''s Gross says, so buy ''reflatables'' with it
Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/financeNewsArticle.jhtml?http://www.reuters.com/f...
storyID=3978831amp;type=bondsNews
US Treasuries slip, foreign central banks shy away
NEW YORK, Dec. 11 (Reuters) -- Treasuries prices were
knocked lower on Thursday after an auction of new U.S.
government debt attracted disappointing demand,
including from foreign central banks.
South Africa cuts interest rate but less than anticipated
Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatches12:27a ET Friday, December 12, 2003
Dear Friend of GATA and Gold:
PIMCO bond fund manager Bill Gross has some new
advice -- essentially that the money's no good so
spend it quick on quot;reflatablesquot; and undertakings
that borrow at 1 percent rather than lend at that
below-inflation rate.
Some excerpts from Gross' new essay:
quot;Faced with the apparent necessity to maintain U.S.
South Africa cuts interest rates by half point but less than anticipated
Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily DispatchesBy Vernon Wessels
Business Report, South Africa
December 12, 2003
a href=http://www.busrep.co.za/index.php?fArticleId=307301http://www.busrep.co....
PRETORIA -- The threat of rising inflationary pressures in
2005 gave the Reserve Bank's monetary policy committee
only enough space to ease interest rates by 50 basis points
yesterday, disappointing the market, which had expected a
Calm down; we''re winning
Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/financeNewsArticle.jhtml?http://www.reuters.com/f...
storyID=3978831amp;type=bondsNews
US Treasuries slip, foreign central banks shy away
NEW YORK, Dec. 11 (Reuters) -- Treasuries prices were
knocked lower on Thursday after an auction of new U.S.
government debt attracted disappointing demand,
including from foreign central banks.
Robert Blumen essay at Gold-Eagle: ''The Dollar Crisis''
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches4:22p ET Wednesday, December 10, 2003
Dear Friend of GATA and Gold:
Before you hurt yourself over today's action in the
gold and silver shares, you might want to read
CBSMarketWatch Editor Thom Calandra's commentary.
It begins:
quot;Don't sweat the small stuff. That's what I should have
told the friend who called early this morning, asking
why the metals equities weren't rising in turn with gold,
Don''t hit the bottle just yet; hit the moving averages instead
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches12:16a ET Thursday, December 11, 2003
Dear Friend of GATA and Gold:
Here's a great essay just posted at Gold-Eagle, quot;The Dollar
Crisisquot; by Robert Blumen:
a href=http://www.gold-eagle.com/gold_digest_03/blumen121203.htmlhttp://www.gol...
It's a primer in the world economic situation and American
economic exploitation of the world.
Don''t hit the bottle; hit the moving averages instead
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches11:50p ET Wednesday, December 10, 2003
Dear Friend of GATA and Gold:
If you want some bucking up tonight, don't turn to the
liquor cabinet. Just check out the one-year charts for
gold and the U.S. dollar, respectively:
a href=http://quotes.ino.com/chart/?s=FOREX_XAUUSDOamp;v=d12http://quotes.ino.c...
a href=http://quotes.ino.com/chart/?s=NYBOT_DXY0amp;v=d12http://quotes.ino.com/...
Japan intervenes to support dollar for third consecutive day
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches11:50p ET Wednesday, December 10, 2003
Dear Friend of GATA and Gold:
If you want some bucking up tonight, don't turn to the
liquor cabinet. Just check out the one-year charts for
gold and the U.S. dollar, respectively:
a href=http://quotes.ino.com/chart/?s=FOREX_XAUUSDOamp;v=d12http://quotes.ino.c...
a href=http://quotes.ino.com/chart/?s=NYBOT_DXY0amp;v=d12http://quotes.ino.com/...