Daily Dispatches

Is gold going east to keep oil principalities in line?

Submitted by cpowell on Mon, 2008-04-07 17:17 Section: Daily Dispatches

5:10p 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).

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IMF proposes selling 403 tonnes of gold to raise $11 billion

Submitted by cpowell on Mon, 2008-04-07 16:51 Section: Daily Dispatches

From 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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Will Islamic principles require real gold on hand?

Submitted by cpowell on Mon, 2008-04-07 14:47 Section: Daily Dispatches

Or will they be more like Western principles?

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Gold Council, Commodities Centre Plan Gold Share Venture

By Will McSheehy and Glen Carey
Bloomberg News Service
Monday, April 7, 2008

http://www.bloomberg.com/apps/news?pid=20601116&sid=azHtWwtMfZUM&refer=a...

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GATA Auction

Submitted by cpowell on Mon, 2008-04-07 11:13 Section: Daily Dispatches

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Good thing there's no inflation -- just maybe starvation

Submitted by cpowell on Mon, 2008-04-07 00:23 Section: Daily Dispatches

By Marianne Stigset and Tony Dreibus
Bloomberg News Service
Monday, April 7, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahaT0.5kV1JI&refer=home

From Cairo to New Delhi to Shanghai, the run on rice is threatening to disrupt worldwide food supplies as much as the scarcity of confidence on Wall Street earlier this year roiled credit markets.

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Bid in the fund-raising auction at GATA's Washington conference

Submitted by cpowell on Mon, 2008-04-07 00:12 Section: Daily Dispatches

12:11a ET Monday, April 7, 2008

Dear Friend of GATA and Gold:

With less than two weeks to our conference, "GATA Goes to Washington -- Anybody Seen Our Gold?," to be held Thursday-Saturday, April 17-19, we have developed an excellent lineup of speakers and presentations. The conference also will offer those who attend a chance to visit with old and new friends.