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Daily Dispatches

Paul takes Bernanke to school about inflation

Section: Daily Dispatches

9:30p ET Thursday, February 28, 2008

Dear Friend of GATA and Gold:

U.S. Rep. Ron Paul, R-Texas, got the better of Federal Reserve Chairman Ben Bernanke in an exchange yesterday during a hearing of the House Financial Services Committee.

Anything to divert gold demand from physical to paper

Section: Daily Dispatches

New Exchange-Traded Notes
Aim to Double, Short Gold

By John Spence
MarketWatch.com
Thursday, February 28, 2008

http://www.marketwatch.com/news/story/story.aspx?guid=%7B74B66BFC%2D9A33...

IMF gold sales may be off-market transactions

Section: Daily Dispatches

Maybe this bit of gold dishoarding is
just the price of keeping China and
Russia from doing a lot more dishoarding
of dollars.

* * *

No Timetable Yet for Proposed Gold Sales

From Reuters
via The Guardian, London
Thursday, February 28, 2008

http://www.guardian.co.uk/feedarticle?id=7344838

G7's readiness to 'stabilize' markets reiterated by Japanese official

Section: Daily Dispatches

What's the difference between "stabilizing"
and "rigging"? Probably just which side of
the trade you're on.

* * *

By Natsuko Waki and Toni Vorobyova
Reuters
Thursday, February 28, 2008

http://www.reuters.com/article/topNews/idUSWLB785620080228

Another public pension fund official recommends gold

Section: Daily Dispatches

11a ET Thursday, February 28, 2008

Dear Friend of GATA and Gold:

John Rubino, co-author with GoldMoney founder and GATA consultant James Turk of "The Coming Collapse of the Dollar," has just found a new supporter of gold within the financial establishment: Shayne McGuire, director of global research for the Texas Teacher Retirement System. Interviewed by Rubino, McGuire remarks of gold:

Calpers approves big increase in commodity investments

Section: Daily Dispatches

By Saijel Kishan
Bloomberg News Service
Thursday, February 28, 2008

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aps_cctZFFP0

The California Public Employees Retirement System, the largest U.S. pension fund, may increase its commodities investments 16-fold to $7.2 billion through 2010 as raw materials prices surge to records.

Even Rhona O'Connell thinks IMF gold sales will mean little

Section: Daily Dispatches

8:45a ET Thursday, February 28, 2008

Dear Friend of GATA and Gold:

Ron Paul shares the political wealth with like-minded candidates

Section: Daily Dispatches

By Jonathan Allen
Congressional Quarterly, Washington
Wednesday, February 27, 2008

http://www.cqpolitics.com/wmspage.cfm?docID=news-000002677795

Ron Paul is starting to give like-minded candidates a taste of the political gold he discovered on the Internet by lending his endorsement and renting out his donor list.

Industrial, political pressure rises on ECB to weaken euro

Section: Daily Dispatches

Falling Dollar and Soaring Euro
Pose Threat of Jobs Exodus

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, February 28, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/28/cneuro...

Russia quietly starts to shift its oil trade into rubles

Section: Daily Dispatches

By Andrew E. Kramer
The New York Times
Wednesday, February 27, 2008

http://www.nytimes.com/2008/02/27/business/worldbusiness/27place.html?re...

MOSCOW -- Americans surely found little to celebrate when the price of oil settled above $100 a barrel last week.

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