You are here

Daily Dispatches

Bill Bonner: Greenspan''s whopper

Section: Daily Dispatches

By Rodrigo Davies
Bloomberg News Service
Friday, February 11, 2005

http://www.bloomberg.com/apps/news?
pid=10000085&sid=aT.yk47pSBMo&refer=europe

Goldman Sachs Group Inc. said Asian central banks will probably
reduce the amount of dollars they hold as foreign-exchange reserves,
joining Merrill Lynch & Co. and HSBC Holdings Plc in predicting the

Nick Goodwin can''t figure out why IMF would sell gold in name of helping poor

Section: Daily Dispatches

9:50p ET Friday, February 11, 2005

Dear Friend of GATA and Gold:

Bill Bonner's new essay, "Greenspan's Whopper,"
appended here, provides much explanation of why
the U.S. government might have wanted to
suppress the gold price in recent years.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

By Bill Bonner
DailyReckoning.com
Friday, February 11, 2005

KitcoCasey interviews Sprott''s John Embry on gold price manipulation

Section: Daily Dispatches

11:26p ET Wednesday, February 9, 2005

Dear Friend of GATA and Gold:

The Financial Times story appended here shows that
government officials in Europe are starting to
realize, if more than a few years late, that banks
have gotten bigger than governments and have
started to intrude on government's market-rigging
prerogatives.

It's one thing for banks to help governments rig
markets in accord with surreptitious national

12 senators urge treasury secretary to oppose IMF gold sales

Section: Daily Dispatches

12:20a ET Thursday, February 10, 2005

Dear Friend of GATA and Gold:

The new KitcoCasey Internet site has a brilliant
interview with Sprott Asset Management Chief
Investment Strategist John Embry, co-author
with Andrew Hepburn of "Not Free, Not Fair:
the Long-Term Manipulation of the Gold Price."
The interview's subject is just that. It was
conducted by Dave Forest and you can find it

Goldcorp shareholders vote 2-1 in favor of deal with Wheaton River

Section: Daily Dispatches

By Lesley Wroughton
Reuters
Thursday, February 10, 2005

http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=7597536

WASHINGTON -- A dozen U.S. lawmakers have told U.S. Treasury
Secretary John Snow to oppose proposals for the sale of some of the
International Monetary Fund's gold stockpile to pay for debt relief

Foreign-controlled companies barred from Russia''s resource deals this year

Section: Daily Dispatches

By The Associated Press
Thursday February 10, 2005

http://biz.yahoo.com/ap/050210/gold_fight_7.html

TORONTO -- Shareholders in Goldcorp Inc. spurned an aggressive Nevada-
based gold producer Thursday as they voted in favor of a $1.9 billion
buyout of Wheaton River Minerals of Vancouver.

The Wheaton River deal was approved by about 65 percent at a special

Foreign central banks are net sellers of U.S. treasury notes for third week

Section: Daily Dispatches

Moscow News
Thursday, February 10, 2005

http://www.mosnews.com/money/2005/02/10/foreignerstenders.shtml

The Russian Ministry of Natural Resources and the Federal
Agency for Subsurface Use made a decision to bar
foreign-controlled companies from taking part in tenders to
develop major oil and metals resources in 2005, Natural

South African government officials notice that their country mines a lot of gold

Section: Daily Dispatches

8:30p ET Tuesday, February 8, 2005

Dear Friend of GATA and Gold:

The Reuters story appended here about IMF gold
sales may be most interesting for the observations
of the Canadian gold market analyst Martin
Murenbeeld, who speculates that any gold sold
will be sold to central banks, particularly those
with large surpluses of U.S. dollars. Thus the
gold would remain in official hands and never

John Berry: Greenspan wasn''t really optimistic about U.S. trade deficit

Section: Daily Dispatches

S. Africa Mines Minister
Opposes IMF Gold Sales

By Gordon Bell
Reuters
Wednesday, February 9, 2005

http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=topNews&localeKey=en_ZA&storyID=7577802

CAPE TOWN -- South African Mineral and Energy Affairs Minister
Phumzile Mlambo-Ngcuka said on Wednesday she opposed the idea of

Yikes! A big mining company wakes up as Newmont opposes IMF gold sale plan

Section: Daily Dispatches

By John M. Berry
Bloomberg News Service
Wednesday, February 9, 2005

http://quote.bloomberg.com/apps/news?
pid=10000039&refer=columnist_berry&sid=a9Y0rAfhiA4g

Federal Reserve Chairman Alan Greenspan, speaking in London last
week, put the best face he could on the outlook for the burgeoning
U.S. current account deficit.

Currency markets, perhaps misled by the seemingly hopeful tone of

Pages