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Daily Dispatches
Visiting London, IMF director threatens gold market again
Submitted by cpowell on Mon, 2007-05-14 20:50 Section: Daily DispatchesIMF Still Eyeing
Gold Sales
to Fill Income Gap
From Reuters
Monday, May 14, 2007
http://www.reuters.com/article/bondsNews/idUSN1430025920070514
LONDON -- The International Monetary Fund is still considering whether to sell 400 tons of its gold stocks to help plug a widening income shortfall, the head of the global lender, Rodrigo Rato, said on Monday.
James Turk: The battle for $700
Submitted by cpowell on Mon, 2007-05-14 15:20 Section: Daily Dispatches3:16p ET Monday, May 14, 2007
Dear Friend of GATA and Gold:
Canada's National Post reports warnings given at CMRE meeting
Submitted by cpowell on Mon, 2007-05-14 08:11 Section: Daily DispatchesHow to Spoil a Good Party
Jacqueline Thorpe
Financial Post (National Post), Toronto
Monday, May 14, 2007
http://www.canada.com/nationalpost/financialpost/story.html?id=05c621f5-...
NEW YORK -- On a sultry spring day in Manhattan, the contrarians -- bears and goldbugs -- are in on the prowl.
China's money supply rises 17%, exceeding target
Submitted by cpowell on Mon, 2007-05-14 01:39 Section: Daily DispatchesBy Nipa Piboontanasawat and Helen Yuan
Bloomberg News Service
Saturday, May 13, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFbsbycbXMbk&refer=home
China's money supply growth exceeded the government target for a third month and lending accelerated, adding pressure on the central bank to raise interest rates.
Independent cooperatives fight nationalizing mines in Bolivia
Submitted by cpowell on Sun, 2007-05-13 20:42 Section: Daily DispatchesIndependent Miners
Confronted in Bolivia
By Dan Keane
Associated Press
via Yahoo News
Sunday, May 13, 2007
http://news.yahoo.com/s/ap/20070513/ap_on_bi_ge/bolivia_miners__pride;_y...
India may tap FX reserves for infrastructure projects
Submitted by cpowell on Sun, 2007-05-13 20:31 Section: Daily DispatchesBy Joe Leahy
Financial Times, London
Sunday, May 13, 2007
http://www.ft.com/cms/s/f62f91a0-017d-11dc-8b8c-000b5df10621.html
MUMBAI -- India's growing currency reserves could be used to finance local infrastructure projects if a scheme being set up with 3i, the UK-based private equity group, receives central bank approval.
Mongolia's gold rush: blessing or curse?
Submitted by cpowell on Sun, 2007-05-13 00:33 Section: Daily DispatchesBy Evan Osnos
Chicago Tribune
Sunday, May 13, 2007
http://www.chicagotribune.com/business/chi-070513mongolia-story,0,171329...
UYANGA, Mongolia -- The air underground was dank and smelled of labor.
Silver prices have Idaho's Silver Valley companies booming
Submitted by cpowell on Sun, 2007-05-13 00:18 Section: Daily DispatchesBy Nicholas K. Geranios
Associated Press
via Helena Independent Record
Helena, Montana
Saturday, May 12, 2007
http://helenair.com/articles/2007/05/12/montana/000silver.txt
KELLOGG, Idaho -- As a precious metal, silver doesn't have the allure of gold. As an investment, it's not as hip as Google.
But dowdy old silver is suddenly chic.
There's a lot of money floating around with nothing to do
Submitted by cpowell on Sat, 2007-05-12 18:41 Section: Daily DispatchesIf its owners had any sense, they'd buy something real, shiny, and yellow.
* * *
Wall of Money Chasing Exotic Hedge Funds
By James Mackintosh
Financial Times, London
Saturday, May 12, 2007
http://www.ft.com/cms/s/fd330478-0024-11dc-8c98-000b5df10621.html
Disinformation about gold from The Globe and Mail
Submitted by cpowell on Sat, 2007-05-12 09:18 Section: Daily Dispatches9:15a ET Saturday, May 12, 2007
Dear Friend of GATA and Gold:
Toronto's Globe and Mail today provides an example of the worst of journalism -- a story full of attitudinizing mockery that contains hints of its own contradiction but carefully avoids pursuing them or even allowing its targets to speak for themselves, concluding with an anonymous attack.
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