You are here
Daily Dispatches
Nick Goodwin can''t figure out why IMF would sell gold in name of helping poor
Submitted by cpowell on Fri, 2005-02-11 03:00 Section: Daily Dispatches9:50p ET Friday, February 11, 2005
Dear Friend of GATA and Gold:
Bill Bonner's new essay, "Greenspan's Whopper,"
appended here, provides much explanation of why
the U.S. government might have wanted to
suppress the gold price in recent years.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
By Bill Bonner
DailyReckoning.com
Friday, February 11, 2005
KitcoCasey interviews Sprott''s John Embry on gold price manipulation
Submitted by cpowell on Thu, 2005-02-10 03:00 Section: Daily Dispatches11:26p ET Wednesday, February 9, 2005
Dear Friend of GATA and Gold:
The Financial Times story appended here shows that
government officials in Europe are starting to
realize, if more than a few years late, that banks
have gotten bigger than governments and have
started to intrude on government's market-rigging
prerogatives.
It's one thing for banks to help governments rig
markets in accord with surreptitious national
12 senators urge treasury secretary to oppose IMF gold sales
Submitted by cpowell on Thu, 2005-02-10 03:00 Section: Daily Dispatches12:20a ET Thursday, February 10, 2005
Dear Friend of GATA and Gold:
The new KitcoCasey Internet site has a brilliant
interview with Sprott Asset Management Chief
Investment Strategist John Embry, co-author
with Andrew Hepburn of "Not Free, Not Fair:
the Long-Term Manipulation of the Gold Price."
The interview's subject is just that. It was
conducted by Dave Forest and you can find it
Goldcorp shareholders vote 2-1 in favor of deal with Wheaton River
Submitted by cpowell on Thu, 2005-02-10 03:00 Section: Daily DispatchesBy Lesley Wroughton
Reuters
Thursday, February 10, 2005
http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=7597536
WASHINGTON -- A dozen U.S. lawmakers have told U.S. Treasury
Secretary John Snow to oppose proposals for the sale of some of the
International Monetary Fund's gold stockpile to pay for debt relief
Foreign-controlled companies barred from Russia''s resource deals this year
Submitted by cpowell on Thu, 2005-02-10 03:00 Section: Daily DispatchesBy The Associated Press
Thursday February 10, 2005
http://biz.yahoo.com/ap/050210/gold_fight_7.html
TORONTO -- Shareholders in Goldcorp Inc. spurned an aggressive Nevada-
based gold producer Thursday as they voted in favor of a $1.9 billion
buyout of Wheaton River Minerals of Vancouver.
The Wheaton River deal was approved by about 65 percent at a special
Foreign central banks are net sellers of U.S. treasury notes for third week
Submitted by cpowell on Thu, 2005-02-10 03:00 Section: Daily DispatchesMoscow News
Thursday, February 10, 2005
http://www.mosnews.com/money/2005/02/10/foreignerstenders.shtml
The Russian Ministry of Natural Resources and the Federal
Agency for Subsurface Use made a decision to bar
foreign-controlled companies from taking part in tenders to
develop major oil and metals resources in 2005, Natural
South African government officials notice that their country mines a lot of gold
Submitted by cpowell on Wed, 2005-02-09 03:00 Section: Daily Dispatches8:30p ET Tuesday, February 8, 2005
Dear Friend of GATA and Gold:
The Reuters story appended here about IMF gold
sales may be most interesting for the observations
of the Canadian gold market analyst Martin
Murenbeeld, who speculates that any gold sold
will be sold to central banks, particularly those
with large surpluses of U.S. dollars. Thus the
gold would remain in official hands and never
John Berry: Greenspan wasn''t really optimistic about U.S. trade deficit
Submitted by cpowell on Wed, 2005-02-09 03:00 Section: Daily DispatchesS. Africa Mines Minister
Opposes IMF Gold Sales
By Gordon Bell
Reuters
Wednesday, February 9, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=topNews&localeKey=en_ZA&storyID=7577802
CAPE TOWN -- South African Mineral and Energy Affairs Minister
Phumzile Mlambo-Ngcuka said on Wednesday she opposed the idea of
Yikes! A big mining company wakes up as Newmont opposes IMF gold sale plan
Submitted by cpowell on Wed, 2005-02-09 03:00 Section: Daily DispatchesBy John M. Berry
Bloomberg News Service
Wednesday, February 9, 2005
http://quote.bloomberg.com/apps/news?
pid=10000039&refer=columnist_berry&sid=a9Y0rAfhiA4g
Federal Reserve Chairman Alan Greenspan, speaking in London last
week, put the best face he could on the outlook for the burgeoning
U.S. current account deficit.
Currency markets, perhaps misled by the seemingly hopeful tone of
Bundesbank to Citibank: YOU can''t rig our markets; only WE can rig our markets!
Submitted by cpowell on Wed, 2005-02-09 03:00 Section: Daily DispatchesBy Leora Moldofsdky, Kevin Morrison,
John Reed, and Bernard Simon
Financial Times, London
Thursday, February 10, 2005
http://news.ft.com/cms/s/2a46c2c4-7b0c-11d9-a8c9-00000e2511c8.html
Newmont Mining, the world's biggest gold producer, is lobbying US
congressmen to block any proposal to sell a portion of International