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Daily Dispatches
Paul Volcker: U.S. economy is on thin ice
Submitted by cpowell on Sun, 2005-04-10 03:00 Section: Daily DispatchesDidier Testot and Simone Meier
China Daily, Beijing
Monday, April 11, 2005
http://www.chinadaily.com.cn/english/doc/2005-
04/11/content_432902.htm
Bank of France Governor Christian Noyer said he has "no special plan
to modify the composition" of the central bank's foreign-exchange
reserves this year as the bank sells gold to buy currencies.
U.S. will beat British chancellor''s campaign to beat poverty with IMF gold sales
Submitted by cpowell on Sat, 2005-04-09 03:00 Section: Daily DispatchesFrom Reuters
Thursday, April 7, 2005
http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=businessNews&localeKey=en_ZA&storyID=8116730
FRANKFURT -- The European Central Bank is cautious about a proposal
for the International Monetary Fund to sell gold reserves to fund
development aid for poor nations, ECB President Jean-Claude Trichet
Is U.S. really opposed to selling IMF gold, and, if so, what''s the real reason?
Submitted by cpowell on Thu, 2005-04-07 03:00 Section: Daily Dispatches11:24p ET Tuesday, April 5, 2005
Dear Friend of GATA and Gold:
Today the chairman of the Joint Economic Committee
of Congress announced that he opposes and expects
Congress to oppose the sale of the International
Monetary Fund's gold. As you can read in a special
"Midas" commentary just written by GATA Chairman
Bill Murphy at LeMetropoleCafe.com, GATA's
chairman was lobbying the committee chairman on
Ted Butler: Silver, silver everywhere
Submitted by cpowell on Thu, 2005-04-07 03:00 Section: Daily Dispatches11:58p ET Wednesday, April 5, 2005
Dear Friend of GATA and Gold:
The Bloomberg story appended here shows that the
statement of U.S. Rep. James Saxton, chairman of
the Joint Economic Committee of Congress,
opposing the sale of gold by the International
Monetary Fund has gotten a lot of notice even as
it has raised some questions.
-- The United States and Britain are allies, so
would the British finance minister be agitating
European Central Bank president sounds skeptical of IMF gold sales
Submitted by cpowell on Thu, 2005-04-07 03:00 Section: Daily Dispatches1:26a ET Thursday, April 7, 2005
Dear Friend of GATA and Gold:
Ted Butler's latest silver market commentary,
"Silver, Silver Everywhere," can be found at
GoldSeek's companion Internet site,
SilverSeek, here:
http://news.silverseek.com/TedButler/1112809537.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Markets are vulnerable to inflation and interest-rate shocks, IMF says
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily Dispatches10:18p ET Monday, April 4, 2005
Dear Friend of GATA and Gold:
Watch John Embry, chief investment strategist
for Sprott Asset Management, make mincemeat
of Brian Acker, CEO of Acker Finley Inc., in
a discussion of gold and other markets on
ROB-TV's "Market Call" program with Jim
O'Connell.
The program was broadcast this afternoon on
ROB-TV, the Canadian business television
Committee chairman says any IMF gold sales will be stopped in Congress
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily DispatchesMarkets Are Quiet. Maybe Too Quiet.
IMF Frets that Good Times Have Led to Complacency
By Greg Robb
CBSMarketWatch.com
Tuesday, April 5, 2005
http://www.marketwatch.com/news/story.asp?guid=%7B56563BE9%2DE027%
2D4D21%2DA934%2D240E860E99F8%7D&siteid=mktw
WASHINGTON -- Global financial markets might not be prepared for
Opposing IMF gold sales, Saxton tells IMF to stop making bad loans
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily DispatchesBy John Connor
Dow Jones Newswires
Tuesday, April 5, 2005
WASHINGTON -- Rep. Jim Saxton, R-N.J., chairman of Congress's Joint
Economic Committee, said any movement by the International Monetary
Fund toward gold sales will be stopped by Congress and the Bush
Administration.
In a statement Tuesday, Rep. Saxton said the IMF is considering gold
sales as a way of covering the bad loans it has made to
While scheming to short all of S. Africa, Cross calls gold demand ''phenomenal''
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily DispatchesStatement by U.S. Rep. Jim Saxton, Chairman
Joint Economic Committee of Congress
Tuesday, April 5, 2005
http://www.house.gov/jec/press/2005/04-05-05.htm
IMF Gold Sales Will Be Blocked;
Taxpayers' Interests Should Be Protected
WASHINGTON -- Any movement by the International Monetary Fund (IMF)
toward gold sales will be stopped by Congress and the Bush
Moody''s cuts GM''s debt rating, and Ford is next
Submitted by cpowell on Tue, 2005-04-05 03:00 Section: Daily Dispatches8:19p ET Tuesday, April 5, 2005
Dear Friend of GATA and Gold:
MineWeb Radio in South Africa today interviewed Jessica
Cross of Virtual Metals, and while she seems to have been
in that country to develop a scheme of shorting all its
mineral wealth, she had to admit that demand for physical
gold is "phenomenal." You can find a transcript of the
interview here: