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Daily Dispatches
Greenspan''s 1981 essay confirms government''s interest in controlling gold price
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesBy Steve Goldstein and Aude Lagorce
CBSMarketWatch.com
Saturday, February 5, 2005
http://cbs.marketwatch.com/news/story.asp?guid=%7B5524BA20-ED8A-4BAE-
B898-261E216DF8AF%7D&siteid=mkwt
LONDON -- The Group of Seven finance ministers and top central
bankers of the world's leading industrialized countries on Saturday
IMF promises to keep scaring gold market right through its meeting in April
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily Dispatches4:15p ET Saturday, February 5, 2005
Dear Friend of GATA and Gold:
Over the last week or so there have been some references
to an essay written by Alan Greenspan for The Wall
Street Journal in 1981, four years after he left the
chairmanship of the President's Council of Economic
Advisers and six years before President Reagan
appointed him chairman of the Federal Reserve Board.
The essay is appended here. It was titled "Can the
''Midas'' commentary for February 4 posted in the clear at GoldSeek
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesG7 Mulls IMF Gold Sales to Help Poor
By Katie Allen
Reuters
Saturday, February 5, 2005
http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=7547548
LONDON -- The International Monetary Fund will look into using its
huge gold reserves to help finance debt relief for the world's
poorest countries on the urging of the Group of Seven rich nations,
Without doing anything at all, G7 meeting saved the dollar
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily Dispatches4:55p ET Saturday, February 5, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary
for Friday, February 4, at LeMetropoleCafe.com has
been posted in the clear at GoldSeek.com here:
http://news.goldseek.com/LemetropoleCafe/1107719796.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Citigroup suspends four bond traders amid investigation of market manipulation
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesDollar to Keep Recent Strength After G7
By Greg Robb
CBSMarketWatch.com
Saturday, February 5, 2005
http://cbs.marketwatch.com/news/story.asp?guid=%7B8FCA3C0B-BC67-48A2-
BC7F-1B363454F752%7D&siteid=mkwt
WASHINGTON -- The dollar's value should remain steady at recent
elevated levels in the aftermath of the G-7 finance ministers
Is IMF gold really meant to rescue not poor countries but bullion banks?
Submitted by cpowell on Fri, 2005-02-04 03:00 Section: Daily Dispatches9:37p ET Thursday, February 3, 2005
Dear Friend of GATA and Gold:
If you'd like to take your mind off the rigging
of the markets while the finance ministers meet
in London, here are a couple of good opportunities.
Richard Appel, observing that bull markets tend
to spend most of their time in downward
corrections, writes "Patience Will Be Rewarded."
You can find his essay at GoldSeek here:
Russia will increase euro and decrease dollar in targeting of ruble''s value
Submitted by cpowell on Fri, 2005-02-04 03:00 Section: Daily Dispatches11:53p ET Thursday, February 3, 2005
Dear Friend of GATA and Gold:
A couple of wonderful posts tonight at the
USAGold.com Forum about the latest IMF gold
sales/revaluation frenzy whipped up by
British Chancellor Gordon Brown should be
widely shared, and so they are appended.
The first is by USAGold's proprietor,
Michael Kosares, the second by his brilliant
assistant, Randy Strauss.
Regulator of U.S. mortgage giants wants to be ready to for their bankruptcy
Submitted by cpowell on Fri, 2005-02-04 03:00 Section: Daily DispatchesMoscow News
Friday, February 4, 2005
http://www.mosnews.com/money/2005/02/04/currencybasket.shtml
Russia's central bank said on Friday it had begun targeting the
ruble's nominal exchange rate against the euro as well as the dollar,
the Reuters news agency reports. The shift is meant to bring currency
policy more in line with trade flows.
After currency basket for rouble, Russia may price oil in euros
Submitted by cpowell on Fri, 2005-02-04 03:00 Section: Daily DispatchesFannie, Freddie regulator
seeks power to close companies;
legislation begins moving in Congress
By Robert Schroeder
CBSMarketWatch.com
Thursday, February 3, 2005
WASHINGTON -- The federal office that regulates Fannie Mae and
Freddie Mac is seeking authority to close the giant mortgage finance
companies in the event of a financial crisis, as legislation
toughening rules on the firms begins to make its way through
Will IMF''s gold be revalued or sold to forgive poor countries'' debt?
Submitted by cpowell on Thu, 2005-02-03 03:00 Section: Daily Dispatches11:19p ET Wednesday, February 2, 2005
Dear Friend of GATA and Gold:
Resource Investor's Tim Wood speculates that Newmont
Mining may be contemplating a bid for Gold Fields that
terminates Harmony Gold's attempt to take over the
company. You can find Wood's speculation here:
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