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Daily Dispatches
Currency intervention works only in short term, Japanese diplomat says
Submitted by cpowell on Tue, 2004-03-16 03:00 Section: Daily DispatchesBank of Japan report sinks dollar vs. yen
By Gertrude Chavez
Reuters
Tuesday, March 16, 2004
a href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=4579962...
NEW YORK -- The dollar plummeted against the yen on
Tuesday, reeling from a report late in the previous session
that Tokyo could halt selling yen for dollars by the end of
James Turk''s ''Eight Reasons to Ignore the New Central Bank Gold Agreement''
Submitted by cpowell on Tue, 2004-03-16 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=4581018...
WASHINGTON, March 16 (Reuters) -- Foreign exchange
intervention can be a useful short-term policy tool but
cannot truly manipulate the world's three major currencies
because of vast global capital flows, Japan's top financial
diplomat said on Tuesday.
Silver miners can bust the price suppression by converting cash to metal
Submitted by cpowell on Tue, 2004-03-16 03:00 Section: Daily Dispatches3:52p ET Tuesday, March 16, 2004
Dear Friend of GATA and Gold:
The Freemarket Gold amp; Money report has published
an essay by its editor, James Turk, proprietor
of GoldMoney.com and consultant to GATA, quot;Eight
Reasons to Ignore the New Central Bank Gold
Agreement,quot; and the essay has been posted in the
clear at GoldSeek.com here:
a href=http://news.goldseek.com/JamesTurk/1079456373.phphttp://news.goldseek.co...
A surge in institutional investor interest in Durban Deep
Submitted by cpowell on Tue, 2004-03-16 03:00 Section: Daily DispatchesBy Theodore Butler
March 16, 2004
Last week the state copper mining company of Chile,
Codelco, made an extraordinary announcement. Actually,
an extraordinary announcement was also made last year,
when Codelco first decided to withhold 200,000 tons of
its roughly 1.2 million-ton annual copper production
until world copper inventories declined from excessive
levels and prices recovered from then-depressed levels
Japan considers ending currency intervention; U.S. Treasury won''t comment
Submitted by cpowell on Mon, 2004-03-15 03:00 Section: Daily DispatchesIf Newmont merged with Barrick ...
What-if scenario
David Berman
Financial Post (National Post), Canada
Thursday, March 11, 2004
a href=http://www.canada.com/national/nationalpost/search/story.html?http://www...
id=b7430594-9455-4711-93d4-1743d65620f2
In a what-if scenario that could make gold bugs drool
with excitement, an analyst at National Bank Financial
Metals shares fall even as gold nears $400 again; analyst sees $433 in May
Submitted by cpowell on Mon, 2004-03-15 03:00 Section: Daily Dispatchesa href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=4571061...
NEW YORK, March 15 (Reuters) -- The Bank of Japan
is mulling ending its massive yen-selling interventions
in the currency market by the end of March, the Nihon
Keizai Shimbun reported from Tokyo in its early
Tuesday edition.
quot;Some central bank officials predict that it will walk away
Please ignore previous message, ''Notify about your e-mail account utilization''
Submitted by cpowell on Mon, 2004-03-15 03:00 Section: Daily DispatchesGold gains ground as dollar weakens;
Metal may make run at January's $433 high, analyst says
By Myra P. Saefong
CBS.MarketWatch.com
Monday, March 15, 2004
a href=http://cbs.marketwatch.com/news/story.asp?http://cbs.marketwatch.com/new...
column=Metals#43;Stocksamp;siteid=mktw
Gold futures climbed Monday to close just 40 cents short
of $400 an ounce as weakness in the U.S. dollar following
Analyst writes favorably of hypothetical merger of Newmont and Barrick
Submitted by cpowell on Fri, 2004-03-12 03:00 Section: Daily DispatchesBy Brian Love and Iain Rogers
Reuters
Wednesday, March 10, 2003
a href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=4540678...
Germany's Bundesbank said on Wednesday it may drop
its idea of funding scientific research by selling gold
after politicians said the central bank had come up with
Financial Times says Fannie Mae hides $25 billion in derivatives losses
Submitted by cpowell on Wed, 2004-03-10 03:00 Section: Daily Dispatches10:45p ET Tuesday, March 9, 2004
Dear Friend of GATA and Gold:
We can't be sure how long it will remain active, but
here's a link to the Dow Jones Newswires story
about GATA's appeal to New York Attorney General
Eliot Spitzer:
a href=http://framehosting.dowjonesnews.com/sample/samplestory.asp?http://frame...
StoryID=2004030921410007amp;Take=1
Please ignore the previous message
Submitted by cpowell on Wed, 2004-03-10 03:00 Section: Daily DispatchesDerivatives losses fuel doubts over Fannie Mae
By Stephen Schurr in New York
Financial Times
Tuesday, March 9, 2004
a href=http://news.ft.com/servlet/ContentServer?http://news.ft.com/servlet/Cont...
pagename=FT.com/StoryFT/FullStoryamp;c=StoryFTamp;cid=1078381640902amp;p=101257
1727088
Fannie Mae paid a net $25.1 billion on derivatives transactions
in under four years -- nearly all of which may represent losses
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