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Daily Dispatches
IMF gold sales may be off-market transactions
Submitted by cpowell on Thu, 2008-02-28 18:15 Section: Daily DispatchesMaybe 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
G7's readiness to 'stabilize' markets reiterated by Japanese official
Submitted by cpowell on Thu, 2008-02-28 12:51 Section: Daily DispatchesWhat'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
Another public pension fund official recommends gold
Submitted by cpowell on Thu, 2008-02-28 10:59 Section: Daily Dispatches11a 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
Submitted by cpowell on Thu, 2008-02-28 10:30 Section: Daily DispatchesBy 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
Submitted by cpowell on Thu, 2008-02-28 08:52 Section: Daily Dispatches8:45a ET Thursday, February 28, 2008
Dear Friend of GATA and Gold:
Ron Paul shares the political wealth with like-minded candidates
Submitted by cpowell on Wed, 2008-02-27 21:55 Section: Daily DispatchesBy 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
Submitted by cpowell on Wed, 2008-02-27 20:17 Section: Daily DispatchesFalling 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
Submitted by cpowell on Wed, 2008-02-27 19:58 Section: Daily DispatchesBy 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.
Asian central banks intervene to slow dollar's fall
Submitted by cpowell on Wed, 2008-02-27 14:19 Section: Daily DispatchesDollar Plunge Sends Asian Currencies Surging;
Some Central Banks Intervene in Market
By Arran Scott
Dow Jones Newswires
via Associated Press
and International Herald-Tribune, Paris
http://www.iht.com/articles/ap/2008/02/27/business/AS-FIN-MKT-Asian-Curr...
Fed chairman signals another interest rate cut
Submitted by cpowell on Wed, 2008-02-27 11:10 Section: Daily DispatchesBy Jeannine Aversa
Associated Press
via Yahoo News
Wednesday, February 27, 2008
http://news.yahoo.com/s/ap/20080227/ap_on_bi_ge/bernanke_congress
Federal Reserve Chairman Ben Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal Wednesday that interest rates will again be lowered to steady the teetering economy.
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