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Daily Dispatches
Financial leaders stew over exchange rates while pretending to like free markets
Submitted by cpowell on Sat, 2004-01-24 03:00 Section: Daily DispatchesBy Dianne Maley
Toronto Star
Thursday, January 22, 2004
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John Embry's voice grows louder as he rails against American
profligacy and what it implies for gold and silver prices.
quot;It's a shocking monetary debasement,quot; the veteran fund manager
European finance ministers lobby ECB for interest rate cut
Submitted by cpowell on Sat, 2004-01-24 03:00 Section: Daily Dispatches2:50p PT Saturday, January 24, 2004
Dear Friend of GATA and Gold:
Appended here and in the following dispatch is some
pretty good reporting by Reuters about this weekend's
meeting of the World Economic Forum in Davos,
Switzerland, and concerns about the euro's
appreciation against the dollar.
The reporting is especially interesting for its comments
from people who say they want free markets to determine
Murphy to speak in Vancouver; Sinclair scoffs at gold sales; Calandra resigns
Submitted by cpowell on Thu, 2004-01-22 03:00 Section: Daily Dispatches10:54p ET Tuesday, January 20, 2004
Dear Friend of GATA and Gold:
Please don't miss Richard Benson's wonderful and not
terribly long essay, quot;The Currency War,quot; at 321Gold,
since it brilliantly describes what's really happening
with the world financial system and what well might
happen. You can find it here:
a href=http://www.321gold.com/editorials/benson/benson012104.htmlhttp://www.321...
GATA''s dirty little secret revealed
Submitted by cpowell on Tue, 2004-01-20 03:00 Section: Daily Dispatches11:47p ET Monday, January 19, 2004
Dear Friend of GATA and Gold:
GATA consultant James Turk, proprietor of GoldMoney
and editor of the Freemarket Gold amp; Money Report,
has posted a new commentary at GoldMoney, headlined,
quot;It's Still a Bull Market.quot; It provides technical
analysis with charting and you can find it in the
quot;Founder's Commentaryquot; box at the top left of the
''The Currency War'' explains what''s really happening
Submitted by cpowell on Tue, 2004-01-20 03:00 Section: Daily Dispatches8:35p ET Tuesday, January 20, 2004
Dear Friend of GATA and Gold:
And now for the dirty little secret of the Gold Anti-Trust
Action Committee....
No, it has nothing to do with Bill Murphy's teeth, James
Turk's hair, Reg Howe's motorcycle, Mike Bolser's pocket
protectors, Andrew Hepburn's height, Bob Landis' tailor,
or, in the case of your secretary/treasurer, that girl in
Des Moines. (Besides, she said she was 18.)
Morgan Chase to let employees avoid taking bonuses in dollars
Submitted by cpowell on Mon, 2004-01-19 03:00 Section: Daily DispatchesCentral banks set to renew gold pact
By Tony Major and Andreas Krosta in Frankfurt
Financial Times
Sunday, January 18, 2004
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European central banks are likely to renew their five-year
agreement restricting gold sales in the spring, well ahead
Please forgive that junk e-mail
Submitted by cpowell on Mon, 2004-01-19 03:00 Section: Daily Dispatches12:49a ET Monday, January 19, 2004
Dear Friend of GATA and Gold:
This Reuters story, cribbing from the Financial
Times, may be interesting not just for reporting
that J.P. Morgan Chase expects the U.S. dollar
to continue to decline but also for indicating
that the bank has almost as many people in
Europe as the U.S. Army does. That may explain
a few things.
CHRIS POWELL, Secretary/Treasurer
It''s still a bull market in gold, Turk reports
Submitted by cpowell on Mon, 2004-01-19 03:00 Section: Daily Dispatches11:06p ET Monday, January 19, 2004
Dear Friend of GATA and Gold:
Please forgive the junk e-mail sent to you tonight
bearing GATA's return address, which occurred
when a virus or spam program penetrated GATA's
e-mail list server at Yahoo!Groups. Fortunately
Yahoo!Groups is programmed not to allow the
e-mailing of attachments, by which viruses are
spread, so the e-mail was just annoying, not
An updated summary of GATA''s work, written by Andrew Hepburn
Submitted by cpowell on Sun, 2004-01-18 03:00 Section: Daily Dispatches10:45p ET Saturday, January 17, 2004
Dear Friend of GATA and Gold:
Bloomberg News today picked up a report in the
German news magazine Der Spiegel to the effect
that a majority of the board of directors of the
Bundesbank opposes the latest proposal of their
president, Ernst Welteke, to sell the bank's gold
reserves.
The original Der Spiegel story appears to be here:
a href=http://www.spiegel.de/spiegel/0,1518,282355,00.htmlhttp://www.spiegel.de...
Sell oil for gold, Mahathir tells Saudi Arabia
Submitted by cpowell on Sun, 2004-01-18 03:00 Section: Daily Dispatches10:19a ET Sunday, January 18, 2004
Dear Friend of GATA and Gold:
GATA committee member Andrew Hepburn has written
an updated summary of GATA's work that may be
especially helpful for use with news organizations and
people who work directly with financial markets. You
can find it here:
a href=http://www.gata.org/SummaryOFGATAhttp://www.gata.org/SummaryOFGATA/a'sWork.html
CHRIS POWELL, Secretary/Treasurer
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