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Daily Dispatches
BIS celebrates the obvious while missing the big irony
Submitted by cpowell on Sun, 2007-06-24 17:11 Section: Daily Dispatches5p ET Sunday, June 24, 2007
Dear Friend of GATA and Gold:
Gulf Arabs seem less sure of sticking with dollar peg
Submitted by cpowell on Sun, 2007-06-24 11:14 Section: Daily DispatchesUAE Won't Rule Out
Dropping Dollar Peg
By Dylan Bowman
and Reuters
ArabianBusiness.com, Dubai
Sunday, June 24, 2007
http://www.arabianbusiness.com/index.php?option=com_content&view=article...
Russia tightens hold on strategic oil and gas industry
Submitted by cpowell on Sun, 2007-06-24 10:46 Section: Daily DispatchesBP Sells Russian Assets to Gazprom
By Alex Nicholson
Associated Press
via Yahoo News
Friday, June 22, 2007
http://news.yahoo.com/s/ap/20070622/ap_on_bi_ge/russia_bp;_ylt=As8JcepuU...
Mike Kosares: Don't fear central bank gold sales
Submitted by cpowell on Thu, 2007-06-21 22:28 Section: Daily DispatchesBy Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Thursday, June 21, 2007
Those who say that the price of gold has been kept in check or driven down by central bank gold sales are looking in the wrong direction for an explanation of why gold has remained relatively rangebound.
More evidence that China will spend treasuries to buy everything
Submitted by cpowell on Thu, 2007-06-21 21:36 Section: Daily DispatchesChina Eases Overseas Share Curbs
By Jamil Anderlini
Financial Times, London
Thursday, June 21, 2007
http://www.ft.com/cms/s/b39b1d98-200c-11dc-9eb1-000b5df10621.html
Summer doldrums can be profitable for gold buyers
Submitted by cpowell on Thu, 2007-06-21 01:48 Section: Daily Dispatches1:47a ET Thursday, June 21, 2007
Dear Friend of GATA and Gold:
Technical analysis is almost useless in manipulated markets like gold and silver. Indeed, central banks seem especially prone to intervene against the precious metals at points that technical analysis would find highly significant.
Jason Hommel reports on the Vancouver conference
Submitted by cpowell on Wed, 2007-06-20 21:41 Section: Daily Dispatches9:39p ET Wednesday, June 20, 2007
Dear Friend of GATA and Gold:
Silver Stock Report's Jason Hommel has written an excellent account of the Vancouver conference, interjecting his own market views here and there, and you can find it here:
http://silverstockreport.com/2007/vancouver_copper.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Go regulate the U.S. dollar instead, China tells IMF
Submitted by cpowell on Wed, 2007-06-20 17:19 Section: Daily DispatchesChina Warns IMF Over Renminbi
By Richard McGregor
Financial Times, London
Wednesday, June 20, 2007
http://www.ft.com/cms/s/4f8c027e-1f5b-11dc-ac86-000b5df10621.html
BEIJING -- China has issued a pointed warning to the International Monetary Fund not to back US pressure for a faster appreciation of the renminbi in a planned review of global exchange rates.
Republican presidential longshot: Ditch Fed, go back to gold
Submitted by cpowell on Wed, 2007-06-20 01:33 Section: Daily DispatchesBy Simon Constable
TheStreet.com
Tuesday, June 19, 2007
http://www.thestreet.com/_tscrss/markets/commodities/10363490.html
Anyone planning a long career at the Federal Reserve better think again if Republican presidential hopeful U.S. Rep. Ron Paul makes it to the White House in 2008.
Japan says it can't sell dollars without wrecking markets
Submitted by cpowell on Wed, 2007-06-20 01:20 Section: Daily DispatchesJapan Won't Diversify Dollar Reserves Now
From Reuters
Tuesday, June 19, 2007
http://www.reuters.com/article/bondsNews/idUSN1923482020070619
NEW YORK -- Japan would diversify its huge stash of dollar reserves only if the U.S. currency stabilizes, as a premature move could roil financial markets, the country's vice finance minister for international affairs said on Tuesday.
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