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Daily Dispatches

Fresh from rigging euro bond market, Citigroup pays up for U.S. fraud

Section: Daily Dispatches

AIG Overstated 5 Years
of Net Income by $3.9 Billion

By Chris Sanders
Reuters
Tuesday, May 31, 2005

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh09994_2005-06-01_00-10-17_n31637499_newsml

NEW YORK -- Insurer American International Group Inc., which is
being sued by U.S. regulators over an accounting scandal, said on

China may diversify dollar reserves into oil, Shanghai paper says

Section: Daily Dispatches

Citigroup to Pay $208 Million to Settle
SEC Fraud Charges Related to a Transfer Agent

By The Associated Press
Tuesday, May 31, 2005

http://biz.yahoo.com/ap/050531/sec_citigroup.html?.v=5

NEW YORK -- Citigroup Inc. has agreed to pay $208 million to settle
fraud charges brought by the Securities and Exchange Commission

South Africa stewing over job losses and rand interest rates

Section: Daily Dispatches

Gold May Climb as Rising Oil Costs
Spur Inflation, Bloomberg Survey Says

By Choy Leng Yeong
Bloomberg News Service
Monday, May 30, 2005

http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aAd9NrZYPYB8&refer=home

Gold may climb for a second week on speculation rising energy costs
will fuel inflation, boosting the appeal of the metal as an

More about the U.S. Army''s 102nd Disinformation Battalion

Section: Daily Dispatches

South African Union Congress
Sets Date for National Strike

By South African Press Association
via Finance24.com
Thursday, May 26, 2005

http://www.finance24.com/articles/economy/display_article.asp?
ArticleID=1518-25_1711659

JOHANNESBURG -- The Congress of South African Trade Unions will
start strike action on June 27 in a programme of action that will

Impending devastation in South Africa''s gold mining industry

Section: Daily Dispatches

12:16p ET Monday, May 30, 2005

Dear Friend of GATA and Gold:

GATA's Sunday dispatch alerting you to the latest
appearance on Canada's Report on Business
Television by Sprott Asset Management's chief
investment strategist, John Embry, asserted that
the program would be accessible on ROB-TV's
Internet archive only through Wednesday
because after that it would be "jammed by the
U.S. Army's 102nd Disinformation Battalion at

South African gold production falls nearly 13 percent

Section: Daily Dispatches

12:28p ET Monday, May 31, 2005

Dear Friend of GATA and Gold:

For more on the devastation impending in the gold
mining industry in South Africa and the likely drop
in gold production and employment there, MiningMX
offers a report by David McKay here:

http://www.miningmx.com/gold_silver/444942.htm

CHRIS POWELL, Secretary/Treasurer

Bank of Canada''s governor warns of worldwide economic imbalances

Section: Daily Dispatches

South African Q1 Gold Output
Falls 12.8 Percent on Rand

From Reuters
Monday, May 30, 2005

http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=businessNews&localeKey=en_ZA&storyID=8642333

JOHANNESBURG -- Gold output in South Africa, the world's biggest
producer, extended its decline in the first quarter, falling 12.8

USAGold compiles Fed Chairman Greenspan''s exchanges with Rep. Ron Paul

Section: Daily Dispatches

NY AG Spitzer Files Suit Against AIG,
Says Fraud Was Used to Boost Stock Price

By Michael Gormley
Associated Press
Thursday, May 26, 2005

http://biz.yahoo.com/ap/050526/aig_probe.html?.v=12

ALBANY, N.Y. -- New York Attorney General Eliot Spitzer on Thursday
filed a civil suit against American International Group Inc.,
accusing the nation's largest insurance company and two former top

Sprott''s Embry tells Canada''s ROB-TV about BIS gold derivatives report

Section: Daily Dispatches

1:46a ET Sunday, May 29, 2005

Dear Friend of GATA and Gold:

USAGold has compiled and posted all the exchanges
between Federal Reserve Chairman Alan Greenspan and
U.S. Rep. Ron Paul, R-Texas, a member of the House
Financial Services Committee, during Greenspan's
appearances before the committee from 1997 through
2004.

These exchanges include much interesting comment about
gold and the international monetary system but,

Gulf Cooperation Council urged to peg its regional currency to gold

Section: Daily Dispatches

12:33a ET Sunday, May 28, 2005

Dear Friend of GATA and Gold:

Sprott Asset Management's chief investment strategist,
John Embry, got an hour on Canada's Report on
Business Television last Thursday and in the opening
few minutes called Canada's attention to the recent
explosion in gold derivatives as reported by the Bank
for International Settlements. This, Embry said, is
powerful evidence of intervention against gold but,

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