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Daily Dispatches
Indian and Chinese banks pulling out of ailing U.S. dollar
Submitted by cpowell on Mon, 2005-03-07 03:00 Section: Daily DispatchesBy Yumi Kuramitsu
Bloomberg News Service
Monday, March 7, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=amFOM5TtQEE4&refer=top_world_news
HONG KONG -- China plans to keep its currency pegged to the U.S.
dollar for "a relatively long time" as the country faces less
pressure to let the currency rise because the government is taking
China says it won''t change dollar''s share in its foreign exchange reserves
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily Dispatches2:07p ET Saturday, March 5, 2005
Dear Friend of GATA and Gold:
The spring dinner meeting of the Committee for Monetary
Research and Education, to be held in New York on
Thursday, May 5, will hear from some of the world's
greatest partisans of gold as it considers economic
freedom and sound money.
* James Turk, editor of the Freemarket Gold & Money
Report, founder of GoldMoney, author of "The Coming
Doug Casey: Iran is next U.S. target because of its plan to price oil in euros
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesChina Will Not Adjust Dollar Assets
in Forex Holdings, Report Says
From AFX News, London
FXStreet.com
Sunday, March 6, 2005
http://www.fxstreet.com/nou/noticies/afx/noticia.asp?
pv_noticia=1110091907-d8260f08-01693
BEIJING -- China will not adjust the proportion of US dollar
assets in its foreign exchange portfolio despite possible
Marshall Auerback: Last orders for the U.S. dollar?
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesBy Doug Casey
Casey Research
February 28, 2005
http://www.howestreet.com/mainartcl.php?
ArticleId=1005&PHPSESSID=652dadc9538956f8dab39dcfb171597e
In recent weeks the news media has been overflowing with reports on
the increasing tension between the U.S. and Iran, supposedly based
on the Islamic country's unwillingness to drop its nuclear
James Turk: After three years, oil is starting to rise in euros too
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesBy Marshall Auerback
PrudentBear.com
Tuesday, March 1, 2005
http://www.prudentbear.com/internationalperspective.asp
"Below the favourable surface [of the economy], there are as
dangerous and intractable circumstances as I can remember....
Nothing in our experience is comparable. ... But no one is willing
to understand [this] and do anything about it. ... We are
Gold EFTs in India won''t have to keep all their metal on hand
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily Dispatches3:07p ET Sunday, March 6, 2005
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the
Freemarket Gold & Money Report and consultant
to GATA, reports that oil's price in euros has
begun to rise for the first time in three years,
even as commodity prices generally are rising
sharply. Of course gold is languishing, an
indication of central bank intervention, but Turk
Asian banks reducing share of U.S. dollar deposits, BIS reports
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily Dispatches3:20p ET Sunday, March 6, 2005
Dear Friend of GATA and Gold:
The following commentary from the Economic Times
in New Delhi about exchange-traded funds for gold
in India confirms that such funds will not have to
keep on hand all the gold they claim to have and
thus may become new agents of the scheme to
suppress the gold price.
The key assertion by the commentary's author,
Puneet Jain, is this: "While gold fund managers
Bank of Japan will keep easy monetary policy
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesFrom Reuters
Sunday, March 6, 2005
http://www.reuters.co.uk/newsArticle.jhtml?
type=topNews&storyID=7818513
BASEL, Switzerland -- Asian banks have reduced the share of deposits
held in U.S. dollars in favour of other currencies like the euro,
according to new central bank data released on Sunday.
The share of U.S.-dollar-denominated deposits placed with Asian
China to keep yuan''s peg to dollar for ''relatively long time''
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesFrom Reuters
Sunday, March 6, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7818579
BASEL, Switzerland -- Bank of Japan Governor Toshihiko Fukui said on
Sunday that rising oil prices and future currency movements posed
risks for Japan's economy, but repeated he would keep the current
Gold''s heroes will speak at CMRE spring meeting in New York
Submitted by cpowell on Sat, 2005-03-05 03:00 Section: Daily DispatchesFrom Bloomberg News Service
Taipei Times, Taiwan
Saturday, March 5, 2005
http://www.taipeitimes.com/News/biz/archives/2005/03/05/2003225595
The New Taiwan dollar weakened, snapping an 11-day rally,
after a Chinese-language business daily reported the central
bank may sell the currency to stem its gains.
The NT dollar fell NT$0.087 to close at NT$30.95 against its
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