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Daily Dispatches
South Africa cuts interest rate but less than anticipated
Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatches12:27a ET Friday, December 12, 2003
Dear Friend of GATA and Gold:
PIMCO bond fund manager Bill Gross has some new
advice -- essentially that the money's no good so
spend it quick on quot;reflatablesquot; and undertakings
that borrow at 1 percent rather than lend at that
below-inflation rate.
Some excerpts from Gross' new essay:
quot;Faced with the apparent necessity to maintain U.S.
South Africa cuts interest rates by half point but less than anticipated
Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily DispatchesBy Vernon Wessels
Business Report, South Africa
December 12, 2003
a href=http://www.busrep.co.za/index.php?fArticleId=307301http://www.busrep.co....
PRETORIA -- The threat of rising inflationary pressures in
2005 gave the Reserve Bank's monetary policy committee
only enough space to ease interest rates by 50 basis points
yesterday, disappointing the market, which had expected a
Calm down; we''re winning
Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/financeNewsArticle.jhtml?http://www.reuters.com/f...
storyID=3978831amp;type=bondsNews
US Treasuries slip, foreign central banks shy away
NEW YORK, Dec. 11 (Reuters) -- Treasuries prices were
knocked lower on Thursday after an auction of new U.S.
government debt attracted disappointing demand,
including from foreign central banks.
Robert Blumen essay at Gold-Eagle: ''The Dollar Crisis''
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches4:22p ET Wednesday, December 10, 2003
Dear Friend of GATA and Gold:
Before you hurt yourself over today's action in the
gold and silver shares, you might want to read
CBSMarketWatch Editor Thom Calandra's commentary.
It begins:
quot;Don't sweat the small stuff. That's what I should have
told the friend who called early this morning, asking
why the metals equities weren't rising in turn with gold,
Don''t hit the bottle just yet; hit the moving averages instead
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches12:16a ET Thursday, December 11, 2003
Dear Friend of GATA and Gold:
Here's a great essay just posted at Gold-Eagle, quot;The Dollar
Crisisquot; by Robert Blumen:
a href=http://www.gold-eagle.com/gold_digest_03/blumen121203.htmlhttp://www.gol...
It's a primer in the world economic situation and American
economic exploitation of the world.
Don''t hit the bottle; hit the moving averages instead
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches11:50p ET Wednesday, December 10, 2003
Dear Friend of GATA and Gold:
If you want some bucking up tonight, don't turn to the
liquor cabinet. Just check out the one-year charts for
gold and the U.S. dollar, respectively:
a href=http://quotes.ino.com/chart/?s=FOREX_XAUUSDOamp;v=d12http://quotes.ino.c...
a href=http://quotes.ino.com/chart/?s=NYBOT_DXY0amp;v=d12http://quotes.ino.com/...
Japan intervenes to support dollar for third consecutive day
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches11:50p ET Wednesday, December 10, 2003
Dear Friend of GATA and Gold:
If you want some bucking up tonight, don't turn to the
liquor cabinet. Just check out the one-year charts for
gold and the U.S. dollar, respectively:
a href=http://quotes.ino.com/chart/?s=FOREX_XAUUSDOamp;v=d12http://quotes.ino.c...
a href=http://quotes.ino.com/chart/?s=NYBOT_DXY0amp;v=d12http://quotes.ino.com/...
U.S. Treasuries slip as foreign central banks shy away
Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily DispatchesBy Vernon Wessels
Business Report, South Africa
December 12, 2003
a href=http://www.busrep.co.za/index.php?fArticleId=307301http://www.busrep.co....
PRETORIA -- The threat of rising inflationary pressures in
2005 gave the Reserve Bank's monetary policy committee
only enough space to ease interest rates by 50 basis points
yesterday, disappointing the market, which had expected a
OPEC considers switching from dollars to euros or currency mix
Submitted by cpowell on Wed, 2003-12-10 03:00 Section: Daily Dispatches10p ET Tuesday, December 9, 2003
Dear Friend of GATA and Gold:
Here's a Reuters story about a lawsuit that, in the
United States, would be laughed out of court thanks
to the First Amendment. Canada is different from
the United States. Often that's good, but not always.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Court OKs Barrick lawsuit against Blanchard
Don''t sweat the small stuff: Calandra insists that the metals rally is still on
Submitted by cpowell on Wed, 2003-12-10 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=3957771...
CARACAS, Venezuela, Dec. 8 (Reuters) -- OPEC Secretary
General Alvaro Silva said on Monday that oil cartel OPEC
could discuss trading crude in euros or in a basket of
currencies instead of dollars in the future.
quot;There is talk of trading crude in euros. It's one of the
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