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Daily Dispatches
Italian prosecutors want to indict banks for market rigging in Parmalat case
Submitted by cpowell on Fri, 2005-07-29 03:00 Section: Daily Dispatches10p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
Here's an abbreviated link for the CBSMarketWatch
video interview with GoldMoney founder James Turk:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Newmont cautions on higher costs and lower gold production
Submitted by cpowell on Fri, 2005-07-29 03:00 Section: Daily DispatchesProsecutors Ask for Indictments for Five Banks
and Securities Firms in Parmalat Collapse
By The Associated Press
Friday, July 29, 2005
http://biz.yahoo.com/ap/050729/italy_parmalat_banks.html?.v=1
ROME -- Prosecutors in Milan asked a judge Friday to issue
indictments against five global banks and securities companies for
China''s golden key to independence from the United States
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily DispatchesPlacer Dome Announces 2005 Second Quarter Results
Excerpts from Company Press Release
via Business Wire
Wednesday, July 27, 2005
(U.S. dollars used)
http://biz.yahoo.com/bw/050727/276165.html?.v=1
VANCOUVER, British Columbia -- Placer Dome Inc. announces a second
quarter loss of $7 million ($(0.01) per share), inclusive of a non-
Peter Schiff: China''s peg was America''s crutch
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily DispatchesA Golden Solution to the China Syndrome?
By Richard Lehmann
Forbes.com
Wednesday, July 27, 2005
http://www.forbes.com/investmentnewsletters/2005/07/27/china-gold-
lehmann-cz_rl_0727soapbox_inl.html?
Put yourself in China's shoes. Your economy is heavily dependent
for its economic growth and well being on exports to the United
At this rate Barrick won''t close its hedge book for eight years
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches8:50p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
Peter Schiff of Euro-Pacific Capital Inc. argues in
his new essay, "China's Peg Was America's Crutch,"
that the upward revaluation of the yuan will not be
good for the United States.
He writes:
"China's announcement basically gives all Asian
central banks the green light to sell their dollars as
well.The ultimate implications for Asians and
CBSMarketWatch does video interview of GoldMoney founder James Turk
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches9:27p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
From Barrick Gold's second quarter report, issued
today:
"Production and costs: In second quarter 2005,
Barrick produced 1.2 million ounces of gold and sold
1.1 million ounces at a total cash cost of $243 per
ounce, compared to 1.3 million ounces produced
and 1.2 million ounces sold at a total cash cost of
$209 per ounce for the prior-year quarter."
Abbreviated link for CBSMarketWatch interview with James Turk
Submitted by cpowell on Thu, 2005-07-28 03:00 Section: Daily Dispatches9:44p ET Thursday, July 28, 2005
Dear Friend of GATA and Gold:
CBSMarketWatch posted yesterday a video interview
with GATA consultant James Turk, founder of
GoldMoney and editor of the Freemarket Gold &
Money Report, who foresees a gold price above $500
by the end of the year. You can find the interview
here:
http://www.marketwatch.com/tvradio/playerfull.asp?siteID=mktw&guid=%
Newmont''s Lassonde says shortage will push gold to $525 in six months
Submitted by cpowell on Wed, 2005-07-27 03:00 Section: Daily DispatchesChina Central Banker
Says Hedge Funds Delay
Yuan Convertibility
By A. Craig Copetas
Bloomberg News Service
Monday, July 25, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=a5mvfBkBFZ5I&refer=top_world_news
PARIS -- China won't make its currency fully convertible for at
least five years because it worries that hedge funds may force the
Gold hedging knocks Placer Dome for loss
Submitted by cpowell on Wed, 2005-07-27 03:00 Section: Daily DispatchesGold Executive Sees Tight Supply Keeping Prices High
From Reuters
Wednesday, July 27, 2005
http://today.reuters.com/news/newsArticleSearch.aspx?
storyID=335925+27-Jul-2005+RTRS&srch=Newmont
NEW YORK -- Gold supply constraints will prevent the price of the
metal from falling below $420 per ounce in the short run and it will
Banker says China still needs to protect yuan against hedge funds
Submitted by cpowell on Mon, 2005-07-25 03:00 Section: Daily DispatchesYuan Only One Factor in Rates
By Kathleen Pender
San Francisco Chronicle
Sunday, July 24, 2005
http://www.SFGate.com/cgi-bin/article.cgi?
file=/chronicle/archive/2005/07/24/BUGVBDSILT1.DTL&type=business
Will China's move to loosen its currency's link to the dollar be the
pin that pricks the U.S. bond bubble -- and perhaps the housing
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