Daily Dispatches

Jim Sinclair: Any IMF sales will be great for gold

Submitted by cpowell on Sun, 2008-02-10 00:32 Section: Daily Dispatches

By Jim Sinclair
www.JSMineset.com
Saturday, February 9, 2008

China has a trillion dollars in reserves and wishes to offload dollars, and this is a perfect fit. The year of the rat is a year of opportunity for some.

Any sales of gold have nothing to do with the market for gold, as not one ounce will ever see the free market.

The buyers will be gold-poor central banks.

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GATA's ad reaches national audience in South Africa

Submitted by cpowell on Sat, 2008-02-09 14:11 Section: Daily Dispatches

12:01p MT Saturday, February 9, 2008

Dear Friend of GATA and Gold:

Thanks to our friends who call themselves South Africans for a Free Gold Market, GATA's full-page color ad published in The Wall Street Journal on January 31 was published on Friday, also on a full page in color, in South Africa's national financial daily newspaper, Business Day.

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Mobilization of IMF gold just a sign of central bank desperation

Submitted by cpowell on Sat, 2008-02-09 13:44 Section: Daily Dispatches

11:37a MT Saturday, February 9, 2008

Dear Friend of GATA and Gold:

Before panicking about the Reuters story appended here, reporting that the G7 conference in Tokyo likes the idea that the International Monetary Fund should raise money for itself by selling some of its gold reserves, consider a few things.

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Debt fears heighten in U.S. and Europe

Submitted by cpowell on Fri, 2008-02-08 18:40 Section: Daily Dispatches

By Michael Mackenzie and Henny Sender
Financial Times, London
Friday, February 8, 2008

http://www.ft.com/cms/s/0/2141fb54-d67a-11dc-b9f4-0000779fd2ac.html?ncli...

Fears about corporate and commercial property debt reached new heights in the US and Europe on Friday as investors liquidated holdings in a sign of spreading credit turmoil.

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OPEC chief muses about gradually switching oil pricing to euros

Submitted by cpowell on Fri, 2008-02-08 18:16 Section: Daily Dispatches

OPEC Considers Switch to Euro Pricing

By Perry Williams
Middle East Economic Digest, London
Friday, February 8, 2008

http://www.meed.com/news/2008/02/opec_considers_switch_to_euro_pricing.html

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John Embry's address to the Vancouver Resource Investment Conference

Submitted by cpowell on Thu, 2008-02-07 19:17 Section: Daily Dispatches

5:15p MT Thursday, February 7, 208

Dear Friend of GATA and Gold:

The address made by Sprott Asset Management's chief investment strategist, John Embry, to the Vancouver Resource Investment Conference on Monday, January 21, had some wonderful things to say about GATA and some important things to say about the gold market. It has been posted at the Sprott site here: