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Awoke
5th May 2010, 05:54 PM
Courtesy of GATA emails:



Eric King: Explosive gold catalyst in imminent IMF conference in Zurich

Submitted by cpowell on 03:01PM ET Wednesday, May 5, 2010. Section: Daily Dispatches

6p ET Wednesday, May 5, 2010

Dear Friend of GATA and Gold:

Eric King of King World News has called attention to a conference called for May 11 in Zurich by the International Monetary Fund and the Swiss National Bank to discuss the international monetary system. King speculates that the conference will have immensely favorable implications for gold. You can find King's report, headlined "Explosive Gold Catalyst," at the King World News Internet site here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/5/4_Explosive_Gold_Catalyst_.html

Saul Mine
5th May 2010, 08:39 PM
The key objective of the conference is to examine weaknesses in the current international monetary system, and identify reforms that might be desirable over the medium to long run to build a more robust and stable world economy.

That means to identify all banks not currently under their control and either assimilate them or shut them down.

Awoke
6th May 2010, 05:25 AM
I'll put the text here, to save people from clicking to the page:



Eric King: Explosive fundamental developments for gold are in the works as a reconfiguration of the monetary system is close at hand. One week from now the Swiss National Bank (SNB) and the IMF will host a High-Level Conference. “The key objective of the conference is to examine weaknesses in the current international monetary system, and identify reforms...” The joint SNB/IMF press conference that will follow afterwards should provide important clues as to the future.


May 4, 2010

This High-Level Conference provides one of the fundamental and foundational keys to understanding phase II of this secular bull market in gold, and it will reveal previously unimaginable allies for gold bulls. From the IMF:


IMF, Swiss National Bank Announce High-Level Conference on International Monetary System


Press Release No.10/171


April 27, 2010





The Swiss National Bank (SNB) and the International Monetary Fund (IMF) will jointly host a High-Level Conference on the International Monetary System in Zurich on May 11, 2010.





In the wake of the global crisis, this conference will provide an opportunity to exchange ideas on a number of related topics, including sources of instability in the international monetary system, improving the supply of reserve assets, dealing with volatile capital flows, and possible alternatives to countries’ accumulation of reserves as self-insurance against future crises.





The conference will bring together a group of high-level participants, including central bank governors, other senior policymakers, leading academics, and commentators.





The key objective of the conference is to examine weaknesses in the current international monetary system, and identify reforms that might be desirable over the medium to long run to build a more robust and stable world economy.





The event will be concluded with a joint press conference by SNB Governor Philipp Hildebrand and IMF Managing Director Dominique Strauss-Kahn.





It is ironic that gold investors globally can count on central banks, the IMF and other senior policy makers to provide the catalyst for the next up leg in the gold market. Haven’t these been the same forces that have previously acted to suppress the yellow metal? These former villains of the gold market will do the heavy lifting going forward as the greatest wealth transfer in history continues to unfold.