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Daily Dispatches
Former Chairman Volcker practically denounces Fed
Submitted by cpowell on Tue, 2008-04-08 21:09 Section: Daily DispatchesVolcker Says Fed's Bear Loan Stretches Legal Power
By John Brinsley
Bloomberg News Service
Tuesday, April 8, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCGyDXfClFvI
Former Federal Reserve Chairman Paul Volcker questioned the central bank's decision to rescue Bear Stearns Cos. with a $29 billion loan, saying it was at "the very edge" of its legal authority.
China would buy huge stake in mega-miner Billiton
Submitted by cpowell on Tue, 2008-04-08 20:51 Section: Daily DispatchesTake a look at the iron ore price inflation here....
* * *
China Chasing Stake in Billiton
By Rowan Callick and Dennis Shanahan
The Australian, Sydney
Wednesday, April 9, 2008
http://www.theaustralian.news.com.au/story/0,25197,23509774-601,00.html
Michael Kosares: Golden gut check
Submitted by cpowell on Tue, 2008-04-08 17:54 Section: Daily Dispatches5:50p ET Tuesday, April 8, 2008
Dear Friend of GATA and Gold:
Gold should shake off any sales by IMF
Submitted by cpowell on Tue, 2008-04-08 17:43 Section: Daily DispatchesBy Frank Tang
Reuters
Tuesday, April 8, 2008
http://www.reuters.com/article/reutersEdge/idUSN0854015820080408?sp=true
NEW YORK -- The International Monetary Fund's plan to sell part of its gold should not affect bullion prices since any possible sales by the institution will be within an existing central bank gold agreement.
Ted Butler: Believing your own eyes
Submitted by cpowell on Tue, 2008-04-08 17:14 Section: Daily Dispatches5:15p ET Tuesday, April 8, 2008
Dear Friend of GATA and Gold:
In his new commentary, silver market analyst Ted Butler explains how to decide for yourself whether silver is a good investment. It's headlined "Believing Your Own Eyes" and you can find it at GoldSeek's companion site, SilverSeek, here:
http://news.silverseek.com/TedButler/1207680184.php
CHRIS POWELL, Secretary/Treasurer
Rob Kirby: How derivatives suppress commodities to conceal inflation
Submitted by cpowell on Tue, 2008-04-08 08:34 Section: Daily Dispatches8:25p ET Tuesday, April 8, 2008
Dear Friend of GATA and Gold:
Even Jon Nadler starts to suspect market manipulation
Submitted by cpowell on Mon, 2008-04-07 23:32 Section: Daily Dispatches11:32p ET Monday, April 7, 2008
Dear Friend of GATA and Gold:
IMF still needs OK from Congress; says it won't add to official sales
Submitted by cpowell on Mon, 2008-04-07 17:44 Section: Daily DispatchesIMF Board Backs Gold Sale Proposal to Boost Income
By Maya Jackson Randall
Dow Jones Newswires
via Nasdaq.com
Monday, April 7, 2008
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20080407%5cACQDJO...
Is gold going east to keep oil principalities in line?
Submitted by cpowell on Mon, 2008-04-07 17:17 Section: Daily Dispatches5:10p ET Monday, April 7, 2008
Dear Friend of GATA and Gold:
If one puts today's news together ...
1) The Arabian Gulf oil principalities say they'll stick with the U.S. dollar until they achieve monetary union in 2010 (see the report appended here).
IMF proposes selling 403 tonnes of gold to raise $11 billion
Submitted by cpowell on Mon, 2008-04-07 16:51 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Monday, April 7, 2008
http://news.yahoo.com/s/afp/20080407/bs_afp/imfbudgetinvestgold_08040720...
WASHINGTON -- The International Monetary Fund Monday proposed the sale of 403.3 tonnes of gold for about $11 billion as part of a wide-ranging financial overhaul, managing director Dominique Strauss-Kahn said.
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