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Daily Dispatches
John Mauldin: Central bank purchases of Treasuries is no sign of U.S. strength
Submitted by cpowell on Tue, 2005-01-18 03:00 Section: Daily Dispatches9:31p ET Tuesday, January 18, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary
for Monday, January 17, at LeMetropoleCafe.com
has been posted in the clear at GoldSeek.com
here:
http://news.goldseek.com/LemetropoleCafe/1106060482.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Gold ETF nears doubling of assets at launch
Submitted by cpowell on Sun, 2005-01-16 03:00 Section: Daily DispatchesData may add to dollar's doldrums
The New York Times
Sunday, January 16, 2005
http://www.nytimes.com/2005/01/16/business/yourmoney/16mark.html
The report last Wednesday that the monthly trade
deficit reached $60.3 billion in November surprised
forecasters and sent the dollar reeling against other
major currencies.
Decline in foreign investment in U.S. is greater than it appears
Submitted by cpowell on Sat, 2005-01-15 03:00 Section: Daily DispatchesFrom Reuters
Thursday, January 13, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7321265
FRANKFURT -- The European Central Bank will post a 2004
budget loss for the second year in a row due to the U.S.
dollar's decline against the euro, the ECB Vice President
Lucas Papademos said on Thursday.
Thailand plans major shift of reserves from dollar to euro and Asian bonds
Submitted by cpowell on Thu, 2005-01-13 03:00 Section: Daily DispatchesBy Jennifer Hughes
Financial Times
Monday, January 10, 2005
http://news.ft.com/cms/s/918f8a8c-60f0-11d9-af5a-00000e2511c8%
2Cstream%3DFTSynd%2Cs01%3D2.htmlWall
"You should always, always, keep 10 percent of your portfolio in
gold," says Frank Holmes, chief investment officer of US Global
Investors, a Texas-based group of funds.
First Silver Reserve puts more of its cash into metal that can''t be leased
Submitted by cpowell on Thu, 2005-01-13 03:00 Section: Daily DispatchesBusiness Day, Bangkok, Thailand
Thursday, January 13, 2005
http://bday.net/detail.asp?id=61154
The government wants to cut the proportion of Thailand's
$50 billion worth of foreign reserves kept in US
dollar-denominated assets, to cut the risks associated
with the currency's roller-coaster ride on the forex
markets.
Olarn Chaiprawat, adviser to Minister of Finance Somkid
European Central Bank''s loss caused by depreciation of dollar reserves
Submitted by cpowell on Thu, 2005-01-13 03:00 Section: Daily DispatchesCompany Press Release via CCNMatthews
Thursday, January 13, 2005
http://biz.yahoo.com/ccn/050113/8a1a87e5e9b7a1bdf56762a810e742e8_1.htm
l
VANCOUVER, British Columbia -- First Silver Reserve
Inc. (FSR on the Toronto Stock Exchange) today
announced that the company has recently purchased
another 100,000 ounces of silver at a price below the
Central banks count the cost of holding lots of declining dollars
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Myra P. Saefong
CBS.MarketWatch.com
Monday, January 10, 2005
http://cbs.marketwatch.com/news/story.asp?guid=%7B0335A88D%2D73A3%
2D4FBF%2D8DA0%2D8AD541FA8AF7%7D&siteid=mktw
SAN FRANCISCO -- Gold futures closed narrowly
higher Monday, after suffering a decline of nearly
$19 an ounce last week.
"Gold seems to be finding a small foothold here after
Ted Butler: Same as it ever was, only better
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Agence France-Presse
Monday, January 10, 2005
http://news.yahoo.com/news?
tmpl=story&u=/afp/20050110/ts_afp/eueurozoneecbbankeconomyforexeurores
ults_050110125804
FRANKFURT -- The weak dollar appears to be tearing
holes in the annual accounts of central banks both in
Europe and elsewhere around the world, with many
banks considering reducing their official holdings in
Hans Sennholz: The dollar''s questionable future
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, January 11, 2005
Repetitive, that's one word. Another is manipulative.
I'm talking about the price action in silver (and gold). Once
again,
significant price movements were dictated by the trading tango
between mechanical technical funds and the New York dealers. This is
what moves the markets. In the short to intermediate term, it is the
only thing that moves the markets.
Can gold survive Jessica Cross AND gangsta rappers?
Submitted by cpowell on Tue, 2005-01-11 03:00 Section: Daily DispatchesBy Hans Sennholz
DailyReckoning.com
Tuesday, January 11, 2005
If the love of money is the root of all evil, the depreciation of
money must be the mainspring of all shams and frauds. It works
silently and covertly, impoverishes many while it enriches a few,
and thereby inflicts great harm on social cooperation and
international relations.
A few economists are sounding the alarm about the decline of the
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