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Daily Dispatches
G7 send IMF back to the drawing board on using gold for debt relief
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesRussia Ends De-Facto Dollar Peg
and Moves to Align Rouble with Euro
By Steve Johnson
Financial Times
Saturday, February 5, 2005
http://news.ft.com/cms/s/cb1cd3e0-771b-11d9-b897-00000e2511c8.html
LONDON -- Russia said yesterday it had abandoned efforts
to tie the rouble's movement closely to the dollar and
China is determined to let yuan float ... someday
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesBy Sumeet Desai and Stella Dawson
Reuters
Saturday, February 5, 2005
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7547048
LONDON -- The Group of Seven wealthy nations pledged to increase
Third World debt relief on Saturday but a deal struck after major
disagreements fell short of proposals floated by British finance
Diverting demand for real metal, ETFs may indicate that supplies are low
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesChina: No timetable for yuan float;
But central banker says it's determined to make the move
CBSMarketWatch.com
Saturday, February 5, 2005
http://cbs.marketwatch.com/news/story.asp?guid=%7BBFF9EF70%2D26D8%
2D4283%2DAEF6%2D0EC05D1F2A67%7D&siteid=mktw
LONDON -- China has no timetable for allowing the yuan to trade more
No debt relief, no yuan float, empty promises on U.S. deficits -- what success!
Submitted by cpowell on Sat, 2005-02-05 03:00 Section: Daily DispatchesBy Howard Ruff
The Ruff Times
February 2005
http://www.rufftimes.com
I recently got a phone call from a subscriber, David Homes. He is a
very sophisticated and significant gold investor. He has been
viewing with alarm the development of exchange-traded funds, or
ETFs. They will be touted more and more but he has some serious
reservations. I asked him to write an article. Read it carefully,
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:
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