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Daily Dispatches
Even Russia''s central bank is intervening to prop up the dollar
Submitted by cpowell on Tue, 2004-10-12 03:00 Section: Daily DispatchesChina to Build Four Major Oil Reserve Bases
People's Daily, Beijing
Sunday, October 10, 2004
http://english.peopledaily.com.cn/200410/10/eng20041010_159641.html
China will formally launch its strategic petroleum
reserve program next year, as learned from related
departments. An oil reserve base in Zhenhai
Huge increase in banks'' use of derivatives; Morgan Chase''s exposure is greatest
Submitted by cpowell on Tue, 2004-10-12 03:00 Section: Daily DispatchesRouble Trades at New Central Bank Dollar Support Level
By Reuters
Tuesday, October 12, 2004
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh31397_2004-10-12_08-01-08_l12643544_newsml
MOSCOW -- Russia's central bank intervened on the
rouble market with a lower dollar bid on Tuesday after
retreating in the previous session under appreciation
Gold may climb on higher oil costs, lower dollar, Bloomberg survey says
Submitted by cpowell on Mon, 2004-10-11 03:00 Section: Daily DispatchesFrom "Midas" commentary
for Sunday, October 10, 2004
at LeMetropoleCafe.com
By Bill Murphy
GATA has struck paydirt once again. The following is an
exchange between a supporter in our GATA army and
Rainer Widera, head of international financial statistics
for the Bank for International Settlements.
* * *
Dear Sir:
I am looking for some information on the gold market.
Big selloff in silver is likely -- time for miners to buy their own metal
Submitted by cpowell on Mon, 2004-10-11 03:00 Section: Daily DispatchesBy Choy Leng Yeong
Bloomberg News
Monday, October 11, 2004
http://quote.bloomberg.com/apps/news?
pid=10000086&sid=agSnHMbsUztk&refer=latin_america
Gold may rise for a sixth straight week on speculation
that higher fuel costs will increase the precious metal's
allure as a hedge against inflation, a Bloomberg survey
showed.
Twenty-two of 43 traders, investors and analysts
Expecting free lunch forever, U.S. dollar may be supplanted by Chinese yuan
Submitted by cpowell on Mon, 2004-10-11 03:00 Section: Daily DispatchesBy Ted Butler
Monday, October 11, 2004
There has been a dramatic change in the structure of the gold and
silver markets over the past 3 weeks, as indicated by the COT report
and the action since the Tuesday cutoff. In the space of a few short
weeks, the tech funds have bought, and the dealers have sold short
over 75,000 additional net COMEX gold contracts and 25,000 net silver
China planning to accumulate strategic oil reserves in four locations
Submitted by cpowell on Mon, 2004-10-11 03:00 Section: Daily DispatchesEventual lunch bill may spell end to dollar's dominance
By Gary Duncan
The Times, London
Monday, October 11, 2004
http://business.timesonline.co.uk/article/0,,16849-1303426,00.html
Imagine a place where you could spend far more than
you earned for years without consequence. Imagine a
place where you could pay your way by writing
James Turk: 70% chance that gold will break $430 by year-end
Submitted by cpowell on Sun, 2004-10-10 03:00 Section: Daily DispatchesGold closes at 6-month high,
up $3 for the week as weak jobs data hurts dollar
By Myra P. Saefong
CBS.MarketWatch.com
Friday, October 8, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BB65D0BD4%2D7F10%
2D45AA%2DB628%2D79DEAE2CA4B3%7D&siteid=mktw
SAN FRANCISCO -- Gold futures closed near $425 an
Finance ministers won''t be selling gold while oil has them quaking
Submitted by cpowell on Sun, 2004-10-10 03:00 Section: Daily Dispatches11:15a ET Sunday, October 10, 2004
GoldMoney.com proprietor James Turk, editor of
the Freemarket Gold & Money Report and
consultant to GATA, has gotten out his charts
and predicts that gold has a 70 percent chance
of breaking above $430 by the end of this year,
and that such a breakthrough, a 16-year high,
"will be the wake-up call that sends a stampede
of money out of the dollar and into gold."
Bank for International Settlements admits that banks are the big gold shorts
Submitted by cpowell on Sun, 2004-10-10 03:00 Section: Daily DispatchesPouring oil on troubled economists
William Keegan
The Observer, London
Sunday, October 10, 2004
http://observer.guardian.co.uk/business/story/0,6903,1323678,00.html
Geore Bush has got my fingerprints. It did not take
him, or rather his genial representatives at Dulles
airport, long. What took the time was a two-hour
CBSMarketWatch reports on dollar''s fall and gold''s rise Friday
Submitted by cpowell on Sat, 2004-10-09 03:00 Section: Daily Dispatches10:04p ET Friday, October 8, 2004
Dear Friend of GATA and Gold:
Mining industry journalist Tim Wood, formerly of
MineWeb.com, has become founding editor and
general manager of a new Internet site focusing
on the extractive industries, ResourceInvestor.com.
It has begun as a sort of Weblog, and among its
first items are a notice about the novel
"Cra$hmaker" by Victor Sperandeo and Alvaro Almeida
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