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Asian Markets at Close Report

European Markets at Close Report

Apr 2, 2009

G20Leaders on Reviving Economic Growth

View this video from Fora TV, about the conversation of principals leaders of the world about reviving economic growth click

GATA Dispatches:"Avery Goodman.- Did ECB save Comex from Gold default?

Avery Goodman: Did ECB save Comex from gold default?
Submitted by cpowell on 07:59AM ET Thursday, April 2, 2009. Section: Daily Dispatches 11a ET Thursday, April 2, 2009Dear Friend of GATA and Gold:Securities lawyer Avery Goodman, writing today at Seeking Alpha, notes the coincidence of huge gold offtake at the Comex and a sudden huge sale of gold by the European Central Bank. He adds that evidence of gold market manipulation is so great that the authorities should start investigating it. But of course the manipulation is DONE by the authorities, so the investigation will have to be done by the financial press. (It would be nice if someone invented such a press soon.) Goodman's analysis is headlined "Did the ECB Save Comex from Gold Default?" and you can find it at Seeking Alpha here:http://seekingalpha.com/article/129128-did-the-ecb-save-comex-from-gold-...?
CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.
* * *Help keep GATA goingGATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:http://www.gata.org
To contribute to GATA, please visit:
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Contact GATAinfo@gata.orgGold Anti-Trust Action Committee
7 Villa Louisa RoadManchester, Connecticut06043-7541 USA
www.gata.org

GATA Dispatches: "Looks Like China Wants More Collateral For Its Loans"

Submitted by cpowell on 07:43AM ET Thursday, April 2, 2009. Section: Daily Dispatches G20 Discussing Additional Gold SalesBy Matt FalloonReutersThursday, April 2009

http://uk.reuters.com/article/worldNews/idUKTRE53133820090402

LONDON -- Discussion at a summit of G20 world leaders about selling International Monetary Fund gold to raise extra funds refers to sales over and above existing plans, a minister said on Thursday."What's referred to here is in addition to what has been previously," Treasury minister Stephen Timms told reporters at the summit.A G20 source said earlier there was a reference in the summit communique to IMF gold sales but "the language had not been firmed up" and it was unclear whether it would be separate from the 400 tonnes of gold the IMF committed to sell last year as part of a broader restructuring of its income.Timms said he also expected a significant announcement on IMF Special Drawing Rights.A Russian news agency report said on Wednesday G20 leaders might approve $373 billion worth of IMF SDRs for its member countries. The move could be similar to a central bank printing money to increase the amount of cash flowing through an economy. "The communique will be seen to make announcements about ... SDRs, potentially quite a significant announcement," Timms said. "I certainly expect it to be significant, more than doubling."

* * *Help keep GATA goingGATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:http://www.gata.org/

To contribute to GATA, please visit:
http://www.gata.org/node/16

Contact GATAmailto:GATAinfo@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester, Connecticut06043-7541 USA
http://www.gata.org/