You are here

Daily Dispatches

China switches currency link from dollar to basket of currencies

Section: Daily Dispatches

By Bill King
The King Report
M. Ramsey King Securities
www.thekingreport.com
Wednesday, July 20, 2005

Buried in Sunday's Wall Street Journal, Section D,
Page 2, is a frightening article with immutable
math.Despite extremely low interest rates,
consumers are paying a record amount of disposal
income to service debt.Fifty percent of consumer
and 26 percent of mortgage debt is variable.

Jim Sinclair: China''s currency change means less buying of U.S. Treasuries

Section: Daily Dispatches

By Stephanie Hoo
Associated Press
Thursday, July 21, 2005

http://news.yahoo.com/s/ap/20050721/ap_on_bi_ge/china_currency;_ylt=A
lrDyiFQ0gh1_Q.jDWBrZfGs0NUE;_ylu=X3oDMTA3b2NibDltBHNlYwM3MTY-

BEIJING -- China dropped its politically volatile policy of linking
its currency to the U.S. dollar but retained controls on its

Peter Grandich elaborates on his new support for GATA

Section: Daily Dispatches

By Jim Sinclair
JSMineset.com
Thursday, July 21, 2005

Today the Chinese opted to float the yuan within a specific range
against a basket of currencies, effectively breaking its tie solely
with the U.S. dollar.

The Chinese have not yet disclosed the constituent items and
percentages of those items in the basket of currencies which the
yuan will float against.

This is an undeniable move away from the dollar and will effect the

Ted Butler: Another setup

Section: Daily Dispatches

Gold liberalisation measures are key to India

By Sangita Shah
Financial Express, New Delhi
Monday, July 18, 2005

http://www.financialexpress.com/fe_full_story.php?content_id=96760

India is sitting on a "gold" mine and it has the potential to be
world's largest gold trading center. Everybody acknowledges this,

When the bills come due, then what?

Section: Daily Dispatches

By Theodore Butler
InvestmentRarities.com
Tuesday, July 19, 2005

What has been the most reliable of guides to short-term moves in
gold and silver, the market structure approach of the commitment of
traders (COT), continues in its remarkable dependability. Maybe
someday we will have to disregard the message of the COTs, but that
day has not yet arrived.

The most recent COT report, as well as extrapolations from the

''Midas'' commentary for July 15 posted in the clear at Gold-Eagle

Section: Daily Dispatches

5:19p ET Saturday, July 16, 2005

Dear Friend of GATA and Gold:

Mining Interactive has posted a video interview
of GATA Chairman Bill Murphy by Nick Nicholaas,
and the topic is GATA's Gold Rush 21 conference,
scheduled for Dawson City, Yukon Territory,
Canada, from August 7-9. You can find the
interview here:

http://www.mininginteractive.com/media/b-murphy/b-murphy.htm

Indian gold market liberalization seems stalled

Section: Daily Dispatches

11:26a ET Sunday, July 17, 2005

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary
at LeMetropoleCafe.com for Friday, July 15, has
been posted in the clear at Gold-Eagle here:

http://www.gold-eagle.com/editorials_05/murphy071605.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Mining Interactive interviews GATA chairman about Gold Rush 21

Section: Daily Dispatches

Ex-Assistant Housing Secretary to Speak
at GATA's Gold Rush 21 Conference

GATA Press Release
via Business Wire
Wednesday, July 13, 2005

Former Assistant U.S. Housing Secretary Catherine Austin Fitts will
be among the speakers at Gold Rush 21, the Gold Anti-Trust Action
Committee's conference in Dawson City, Yukon, Canada, from August 7-
9.

Fitts, now president of Solari Inc., an economic development

Nominee for SEC chairman owns gold shares

Section: Daily Dispatches

By Theodore Butler
InvestmentRarities.com
Tuesday, July 12, 2005

Here's a recent e-mail exchange between a reader and myself. It was
in reaction to some of my recent articles asserting that gold is
more abundant than silver.

Question: Are you saying that silver is rarer than gold in absolute
terms? Iunderstand that, in terms of silver in the ground and the
rate ofuse, in some sort of relative terms silver israrer

Former assistant housing secretary to speak at GATA''s Gold Rush 21

Section: Daily Dispatches

By Marcy Gordon
Associated Press
Tuesday, July 12, 2005

http://biz.yahoo.com/ap/050712/cox_confirmation.html?.v=4

WASHINGTON -- President Bush's choice to head the Securities and
Exchange Commission, Rep. Christopher Cox, has hundreds of thousands
of dollars in money-market and mutual funds and large holdings in
stocks, his financial report shows.

Pages