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Daily Dispatches
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
Ted Butler: Break on through to the other side
Submitted by cpowell on Tue, 2005-02-08 03:00 Section: Daily DispatchesBy Lewa Pardomuan
Reuters
Monday, February 7, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=businessNews&localeKey=en_ZA&storyID=7553117
SINGAPORE -- Gold sales by the International Monetary Fund for third-
world debt relief could weaken bullion prices over the longer run
but any dip could be temporary because of strong demand at lower
A look at the decline in purchases of U.S. government debt by central banks
Submitted by cpowell on Tue, 2005-02-08 03:00 Section: Daily DispatchesBy Theodore Butler
InvestmentRarities.com
Tuesday, February 8, 2005
First, a few words about the latest Commitment of
Traders Report (COT).
In silver, there were no surprises, and the market
structure continues to improve. All told, the dealers'
net short position has declined (improved) by some
42,000 futures contracts (210 million ounces) since
the top in early December. I wish there were another
Dollar gains as Fed governor says U.S. is attracting ''tremendous'' investment
Submitted by cpowell on Tue, 2005-02-08 03:00 Section: Daily Dispatches4:06p ET Tuesday, February 8, 2005
Dear Friend of GATA and Gold:
Ned W. Schmidt, editor of the Value View Gold Report,
examines the decline in purchases of U.S. government
debt by foreign central banks in a new essay,
"Moneyization, Part 7," at FinancialSense.com here:
http://www.financialsense.com/editorials/schmidt/2005/0207.html
Even if IMF sold gold, it probably would remain in government hands
Submitted by cpowell on Tue, 2005-02-08 03:00 Section: Daily DispatchesBy Rodrigo Davies
Bloomberg News Service
Tuesday, February 8, 2005
http://www.bloomberg.com/apps/news?
pid=10000100&sid=aA6F1ffAjpUQ&refer=germany
The dollar climbed to an almost two-month high against the yen after
Federal Reserve Governor Susan Bies said the United States is
attracting a "tremendous amount" of investment.
Gold market wary of big IMF sales but demand remains strong
Submitted by cpowell on Mon, 2005-02-07 03:00 Section: Daily DispatchesIMF Looks at Gold Sale Options for Debt Relief
By Andrew Balls, Chris Giles,
and Scheherazade Daneshkhu
Financial Times, London
Sunday, February 6, 2005
http://news.ft.com/cms/s/8c757556-787a-11d9-9961-00000e2511c8.html
The International Monetary Fund is preparing a report on the
potential sale of a portion of its gold reserves in a move that would
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