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Daily Dispatches
Oil surges past $55 in Asian trading Monday
Submitted by cpowell on Sun, 2004-10-17 03:00 Section: Daily DispatchesHarmony set to bid for Gold Fields
By John Reed in Johannesburg
and Arkady Ostrovsky in Moscow
Financial Times, London
Sunday, October 17, 2004
http://news.ft.com/cms/s/5c410f94-2078-11d9-af19-00000e2511c8.html
South African gold producer Harmony, with the backing
of Russian metals giant Norilsk Nickel, is poised to
Westerners may not be the only ones who know how to rig markets
Submitted by cpowell on Fri, 2004-10-15 03:00 Section: Daily DispatchesDeficit issue to figure in debate;
Budget watchers blast both candidates
By William L. Watts
CBS.MarketWatch.com
Wednesday, October 13, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BA6997469%2D0925%
2D4189%2D93D0%2D69E75A587C8E%7D&siteid=mktw
WASHINGTON -- Who is the bigger spendthrift?
President Bush and Democratic challenger John
Oil is just pennies from $55, while gold is up all of 80 cents
Submitted by cpowell on Fri, 2004-10-15 03:00 Section: Daily Dispatches11:59p ET Thursday, October 14, 2004
Dear Friend of GATA and Gold:
MineWeb's Gareth Tredway has written an interesting
report about the prospects for a 20-year boom in
commodities arising from growth in China and India,
more interesting for an observation about the potential
for market rigging within that boom.
Tredway quotes a South African market analyst,
Michael Power, saying this about Asian commodity
Insurance fraud charges involve AIG, until recently the biggest silver trader
Submitted by cpowell on Fri, 2004-10-15 03:00 Section: Daily DispatchesBy Myra P. Saefong
CBS.MarketWatch.com
Friday, October 15, 2004
http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=
63473B52-82AD-4A5A-BBEB-50537A50149D&siteid=mktw&dist=bnb
SAN FRANCISCO -- Crude futures closed just pennies
short of $55 a barrel Friday with traders uncertain
about the overall effect of high energy prices on
Here''s what happens when foreigners get tired of dollar depreciation
Submitted by cpowell on Wed, 2004-10-13 03:00 Section: Daily DispatchesBanks' Derivative Use Jumps 23% in 2nd Quarter;
Financial Policy Forum Calls for More Regulation of Market
By Alistair Barr
CBS.MarketWatch.com
Tuesday, October 12, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BFE7D921D%2D60B0%
2D4188%2D9F8A%2DEF9EC9084915%7D&siteid=mktw
SAN FRANCISCO -- Banks' derivative use jumped by 23
Only foreigners, dumping dollars, will ever straighten out U.S. govt. finances
Submitted by cpowell on Wed, 2004-10-13 03:00 Section: Daily Dispatches7:54p ET Wednesday, October 13, 2004
Dear Friend of GATA and Gold:
In commentary titled "Buy America II: The First
Shoe Drops," Richard Appel gives you an idea
of what is likely to happen when foreigners get
tired of holding an ever-depreciating stash of
dollars. They start dumping U.S. Treasury debt
and buying real stuff, driving up interest rates
and unleashing inflation, and, Appel says, it's
Even Russia''s central bank is intervening to prop up the dollar
Submitted by cpowell on Tue, 2004-10-12 03:00 Section: Daily DispatchesChina to Build Four Major Oil Reserve Bases
People's Daily, Beijing
Sunday, October 10, 2004
http://english.peopledaily.com.cn/200410/10/eng20041010_159641.html
China will formally launch its strategic petroleum
reserve program next year, as learned from related
departments. An oil reserve base in Zhenhai
Huge increase in banks'' use of derivatives; Morgan Chase''s exposure is greatest
Submitted by cpowell on Tue, 2004-10-12 03:00 Section: Daily DispatchesRouble Trades at New Central Bank Dollar Support Level
By Reuters
Tuesday, October 12, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh31397_2004-10-12_08-01-08_l12643544_newsml
MOSCOW -- Russia's central bank intervened on the
rouble market with a lower dollar bid on Tuesday after
retreating in the previous session under appreciation
Gold may climb on higher oil costs, lower dollar, Bloomberg survey says
Submitted by cpowell on Mon, 2004-10-11 03:00 Section: Daily DispatchesFrom "Midas" commentary
for Sunday, October 10, 2004
at LeMetropoleCafe.com
By Bill Murphy
GATA has struck paydirt once again. The following is an
exchange between a supporter in our GATA army and
Rainer Widera, head of international financial statistics
for the Bank for International Settlements.
* * *
Dear Sir:
I am looking for some information on the gold market.
Big selloff in silver is likely -- time for miners to buy their own metal
Submitted by cpowell on Mon, 2004-10-11 03:00 Section: Daily DispatchesBy Choy Leng Yeong
Bloomberg News
Monday, October 11, 2004
http://quote.bloomberg.com/apps/news?
pid=10000086&sid=agSnHMbsUztk&refer=latin_america
Gold may rise for a sixth straight week on speculation
that higher fuel costs will increase the precious metal's
allure as a hedge against inflation, a Bloomberg survey
showed.
Twenty-two of 43 traders, investors and analysts
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