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Daily Dispatches
Undercurrent of dismay in China over accumulation of dollar assets
Submitted by cpowell on Tue, 2005-03-08 03:00 Section: Daily DispatchesBy Steve Johnson
Financial Times, London
Monday, March 7, 2005
http://news.ft.com/cms/s/a51f413c-8f3a-11d9-a70f-00000e2511c8.html
The extent to which Indian and Chinese banks are cutting their
exposure to the ailing US dollar was revealed yesterday in data from
the Bank for International Settlements.
The Asian central and commercial banks covered in the BIS data held
Ted Butler: The coming silver accident
Submitted by cpowell on Tue, 2005-03-08 03:00 Section: Daily DispatchesChina Says It Won't Sell Dollars
By Keith Bradsher
The New York Times
Monday, March 7, 2005
http://www.nytimes.com/2005/03/07/business/worldbusiness/07yuan.html
HONG KONG, March 6 -- The Chinese official in charge of his
country's huge foreign currency reserves said over the weekend that
China had no plans to sell dollars, and also ruled out any "large-
Wheaton River to remain unhedged, expects higher gold price next year
Submitted by cpowell on Tue, 2005-03-08 03:00 Section: Daily DispatchesBy Ted Butler
InvestmentRarities.com
Tuesday, March 8, 2005
Perhaps "accident" may not be the precise word to describe what I
see coming in silver. After all, Webster's defines accident as
"an unforeseen and unplanned event or circumstance." While that
definition certainly encompasses what I see ahead in the silver
market, I need to add a qualifying adjective to complete my vision.
Euro reaches 2-month high on suggestion of higher interest rates
Submitted by cpowell on Tue, 2005-03-08 03:00 Section: Daily DispatchesBy Craig Wong
Canadian Press
via Canadian Broadcast Corp.
Tuesday, March 8, 2005
http://www.cbc.ca/cp/business/050308/b030860.html
VANCOUVER -- Wheaton River Minerals, which recently approved a $2.4-
billion merger with Goldcorp Inc., plans to remain unhedged and
expects the price of gold to push higher next year, executives said
Euro reaches 2-month high on suggestion of increase in interest rates
Submitted by cpowell on Tue, 2005-03-08 03:00 Section: Daily DispatchesBy Steve Rothwell and Vivianne C. Rodrigues
Bloomberg News Service
Tuesday, March 8, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=ahi9FM5uTMDA&refer=top_world_news
The euro advanced against the dollar to its highest in two months
after European Central Bank policy maker Nout Wellink suggested to
the Financial Times Deutschland the bank may raise interest rates to
Indian and Chinese banks pulling out of ailing U.S. dollar
Submitted by cpowell on Mon, 2005-03-07 03:00 Section: Daily DispatchesBy Yumi Kuramitsu
Bloomberg News Service
Monday, March 7, 2005
http://www.bloomberg.com/apps/news?
pid=10000087&sid=amFOM5TtQEE4&refer=top_world_news
HONG KONG -- China plans to keep its currency pegged to the U.S.
dollar for "a relatively long time" as the country faces less
pressure to let the currency rise because the government is taking
China says it won''t change dollar''s share in its foreign exchange reserves
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily Dispatches2:07p ET Saturday, March 5, 2005
Dear Friend of GATA and Gold:
The spring dinner meeting of the Committee for Monetary
Research and Education, to be held in New York on
Thursday, May 5, will hear from some of the world's
greatest partisans of gold as it considers economic
freedom and sound money.
* James Turk, editor of the Freemarket Gold & Money
Report, founder of GoldMoney, author of "The Coming
Doug Casey: Iran is next U.S. target because of its plan to price oil in euros
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesChina Will Not Adjust Dollar Assets
in Forex Holdings, Report Says
From AFX News, London
FXStreet.com
Sunday, March 6, 2005
http://www.fxstreet.com/nou/noticies/afx/noticia.asp?
pv_noticia=1110091907-d8260f08-01693
BEIJING -- China will not adjust the proportion of US dollar
assets in its foreign exchange portfolio despite possible
Marshall Auerback: Last orders for the U.S. dollar?
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesBy Doug Casey
Casey Research
February 28, 2005
http://www.howestreet.com/mainartcl.php?
ArticleId=1005&PHPSESSID=652dadc9538956f8dab39dcfb171597e
In recent weeks the news media has been overflowing with reports on
the increasing tension between the U.S. and Iran, supposedly based
on the Islamic country's unwillingness to drop its nuclear
James Turk: After three years, oil is starting to rise in euros too
Submitted by cpowell on Sun, 2005-03-06 03:00 Section: Daily DispatchesBy Marshall Auerback
PrudentBear.com
Tuesday, March 1, 2005
http://www.prudentbear.com/internationalperspective.asp
"Below the favourable surface [of the economy], there are as
dangerous and intractable circumstances as I can remember....
Nothing in our experience is comparable. ... But no one is willing
to understand [this] and do anything about it. ... We are
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