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Daily Dispatches

Gold market wary of big IMF sales but demand remains strong

Section: Daily Dispatches

IMF 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

James Turk: More bounce in the dollar but it changes little

Section: Daily Dispatches

Citigroup Puts Four Bond Dealers on Leave
Pending Investigation of Suspicious Trade

By The Associated Press
Saturday, February 5, 2005

http://biz.yahoo.com/ap/050205/britain_citigroup_1.html

LONDON -- Citigroup Inc. has said it placed four dealers
on paid leave pending an investigation of a suspicious
bond trade.

Sunday''s Financial Times reports on the perpetual IMF gold sales frenzy

Section: Daily Dispatches

1:30p ET Sunday, February 6, 2005

Dear Friend of GATA and Gold:

GATA consultant James Turk, editor of the Freemarket
Gold & Money Report and founder of GoldMoney, has
posted new commentary. While it is titled "More Bounce
in the Dollar," it concludes that "nothing has changed
to reverse the dollar's long-term bear market." You can
find Turk's analysis in the "Founder's Commentary"

G7 send IMF back to the drawing board on using gold for debt relief

Section: Daily Dispatches

Russia Ends De-Facto Dollar Peg
and Moves to Align Rouble with Euro

By Steve Johnson
Financial Times
Saturday, February 5, 2005

http://news.ft.com/cms/s/cb1cd3e0-771b-11d9-b897-00000e2511c8.html

LONDON -- Russia said yesterday it had abandoned efforts
to tie the rouble's movement closely to the dollar and

China is determined to let yuan float ... someday

Section: Daily Dispatches

By Sumeet Desai and Stella Dawson
Reuters
Saturday, February 5, 2005

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7547048

LONDON -- The Group of Seven wealthy nations pledged to increase
Third World debt relief on Saturday but a deal struck after major
disagreements fell short of proposals floated by British finance

Diverting demand for real metal, ETFs may indicate that supplies are low

Section: Daily Dispatches

China: No timetable for yuan float;
But central banker says it's determined to make the move

CBSMarketWatch.com
Saturday, February 5, 2005

http://cbs.marketwatch.com/news/story.asp?guid=%7BBFF9EF70%2D26D8%
2D4283%2DAEF6%2D0EC05D1F2A67%7D&siteid=mktw

LONDON -- China has no timetable for allowing the yuan to trade more

No debt relief, no yuan float, empty promises on U.S. deficits -- what success!

Section: Daily Dispatches

By Howard Ruff
The Ruff Times
February 2005
http://www.rufftimes.com

I recently got a phone call from a subscriber, David Homes. He is a
very sophisticated and significant gold investor. He has been
viewing with alarm the development of exchange-traded funds, or
ETFs. They will be touted more and more but he has some serious
reservations. I asked him to write an article. Read it carefully,

Greenspan''s 1981 essay confirms government''s interest in controlling gold price

Section: Daily Dispatches

By Steve Goldstein and Aude Lagorce
CBSMarketWatch.com
Saturday, February 5, 2005

http://cbs.marketwatch.com/news/story.asp?guid=%7B5524BA20-ED8A-4BAE-
B898-261E216DF8AF%7D&siteid=mkwt

LONDON -- The Group of Seven finance ministers and top central
bankers of the world's leading industrialized countries on Saturday

IMF promises to keep scaring gold market right through its meeting in April

Section: Daily Dispatches

4:15p ET Saturday, February 5, 2005

Dear Friend of GATA and Gold:

Over the last week or so there have been some references
to an essay written by Alan Greenspan for The Wall
Street Journal in 1981, four years after he left the
chairmanship of the President's Council of Economic
Advisers and six years before President Reagan
appointed him chairman of the Federal Reserve Board.

The essay is appended here. It was titled "Can the

''Midas'' commentary for February 4 posted in the clear at GoldSeek

Section: Daily Dispatches

G7 Mulls IMF Gold Sales to Help Poor

By Katie Allen
Reuters
Saturday, February 5, 2005

http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=7547548

LONDON -- The International Monetary Fund will look into using its
huge gold reserves to help finance debt relief for the world's
poorest countries on the urging of the Group of Seven rich nations,

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