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Daily Dispatches
Committee chairman says any IMF gold sales will be stopped in Congress
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily DispatchesMarkets Are Quiet. Maybe Too Quiet.
IMF Frets that Good Times Have Led to Complacency
By Greg Robb
CBSMarketWatch.com
Tuesday, April 5, 2005
http://www.marketwatch.com/news/story.asp?guid=%7B56563BE9%2DE027%
2D4D21%2DA934%2D240E860E99F8%7D&siteid=mktw
WASHINGTON -- Global financial markets might not be prepared for
Opposing IMF gold sales, Saxton tells IMF to stop making bad loans
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily DispatchesBy John Connor
Dow Jones Newswires
Tuesday, April 5, 2005
WASHINGTON -- Rep. Jim Saxton, R-N.J., chairman of Congress's Joint
Economic Committee, said any movement by the International Monetary
Fund toward gold sales will be stopped by Congress and the Bush
Administration.
In a statement Tuesday, Rep. Saxton said the IMF is considering gold
sales as a way of covering the bad loans it has made to
While scheming to short all of S. Africa, Cross calls gold demand ''phenomenal''
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily DispatchesStatement by U.S. Rep. Jim Saxton, Chairman
Joint Economic Committee of Congress
Tuesday, April 5, 2005
http://www.house.gov/jec/press/2005/04-05-05.htm
IMF Gold Sales Will Be Blocked;
Taxpayers' Interests Should Be Protected
WASHINGTON -- Any movement by the International Monetary Fund (IMF)
toward gold sales will be stopped by Congress and the Bush
Moody''s cuts GM''s debt rating, and Ford is next
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily Dispatches8:19p ET Tuesday, April 5, 2005
Dear Friend of GATA and Gold:
MineWeb Radio in South Africa today interviewed Jessica
Cross of Virtual Metals, and while she seems to have been
in that country to develop a scheme of shorting all its
mineral wealth, she had to admit that demand for physical
gold is "phenomenal." You can find a transcript of the
interview here:
GATA was talking to that congressional chairman about gold six years ago
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily DispatchesBy Bill Koenig
Bloomberg News Service
Tuesday, April 5, 2005
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aC47QSISEyUs&refer=home#
SOUTHFIELD, Mich. -- General Motors Corp.'s debt ratings were cut
one notch to Baa3, the lowest investment grade, by Moody's Investors
Service. The ratings company also said it was reviewing Ford Motor
Bundesbank opposes using IMF gold to fund debt relief for poor countries
Submitted by cpowell on Mon, 2005-04-04 03:00 Section: Daily DispatchesDollar Theme to Shift from Data to Policy
By Laurence Norman And Steven Vames
Dow Jones Newswires
Monday, April 4, 2005
http://sg.biz.yahoo.com/050403/15/3rnyu.html
NEW YORK -- Last week it was all about the numbers. This week the
dollar's fate may be wrapped in the nuances of central bank policy.
With few significant economic data releases due, currency markets
Someone else notices, without understanding, gold''s badly trailing oil
Submitted by cpowell on Mon, 2005-04-04 03:00 Section: Daily DispatchesFrom Reuters
Monday, April 4, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=businessNews&localeKey=en_ZA&storyID=8074827
FRANKFURT -- The International Monetary Fund should not sell or
revalue its gold reserves to fund debt relief for poor countries,
Germany's Bundesbank said on Monday.
A Bundesbank spokesman confirmed that a document quoted in the
British Treasury urges IMF to sell gold for debt relief, asset diversification
Submitted by cpowell on Mon, 2005-04-04 03:00 Section: Daily DispatchesIs Gold the Next Asset Class to Boom?
By James McInerney, News Editor
AME Info, Dubai
Monday, April 4, 2005
http://www.ameinfo.com/news/Detailed/57055.html
In the 1970s oil prices soared but were still below the heights
reached today. But gold prices peaked in 1979 at more than twice
their current levels. So is buying gold the next big investment
Robert Bell: The Invisible Hand (of the U.S. Government) in Financial Markets
Submitted by cpowell on Mon, 2005-04-04 03:00 Section: Daily DispatchesFrom Reuters
Monday, April 4, 2005
http://www.reuters.com/newsArticle.jhtml?storyID=8080238
LONDON -- The International Monetary Fund should sell gold to finance
deeper debt relief and diversify its portfolio, the UK Treasury said
on Monday.
"The IMF themselves have concluded that an overall sale of 13 to 16
million ounces could be accommodated without significant difficulty,
Sprott''s John Embry wins ''The Great Gold Debate'' on ROB-TV
Submitted by cpowell on Mon, 2005-04-04 03:00 Section: Daily Dispatches8:45p ET Monday, April 4, 2004
Dear Friend of GATA and Gold:
The likelihood that the U.S. government is rigging
most major financial markets is explored in detail
in a new essay by Robert Bell, chairman of the
economics department of Brooklyn College of the
City University of New York. Bell cites the
groundbreaking work of GATA board member Michael
Bolser in regard to the Federal Reserve's use of