Ted Butler: The real gold/silver ratio, Part 2


9:04p ET Tuesday, October 24, 2006

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler is the master of metal valuations, and in his latest essay, "The Real Gold/Silver Ratio, Part 2," he concludes that silver has never been scarcer and less owned in the last century than it is today. He argues that if the amount of silver owned per capita had grown to the same extent that gold ownership per capita has grown since 1900, silver's price today would be $175 per ounce.

New treasury secretary revs up Working Group on Financial Markets ...


... and wants even less regulation.

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Paulson Pulls for U.S. Markets

Treasury Chief Aims to Tweak
Rules Some Say Are Crippling
The Nation's Competitiveness

By Deborah Solomon
The Wall Street Journal
Monday, October 23, 2006

WASHINGTON -- With just two years to make his mark, new Treasury Secretary Henry Paulson is focusing much of his attention on making American financial markets more competitive.

Counterfeiting, not barter, is thrust of threat against Liberty Dollar


Liberty Dollar Medallions
Could Land Coin Collectors in Jail

By Tristan Scott
The Missoulian, Missoula, Montana
Sunday, October 15, 2006


A trendy alternative to legal tender, the Liberty Dollar, could now land coin-aisseurs in prison for up to five years, according to federal prosecutors.

"Although we haven't had any of these types of cases in Montana yet, the statute says using one of these coins as legitimate money could be a crime," said Kurt Alme, assistant U.S. attorney for Montana. "It looks like if you make or attempt to pass a coin of gold or silver as current money it's a crime."

F. William Engdahl: Crisis of the U.S. dollar system


This is the text a presentation at an international conference organized by Zeitschrift and held in Feldkirch, Austria, in September 2003. It was posted this week at GlobalResearch.ca.

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By F. William Engdahl


It's accepted wisdom that the United States, despite recent problems, is still the strongest growth locomotive for the world economy, the pillar of the global system. What if we were to discover that, instead of being the pillar, that the United States was, in fact, the heart of a dysfunctional economic system, which is spreading instability, unemployment, and depression globally?

Co-ordinated bailouts may no longer be possible


The Credit Business
Is More Perilous Than Ever

By John Plender
Financial Times, London
Friday, October 13, 2006


The losses of the troubled Amaranth and Vega hedge funds have led to predictable calls for more hedge fund regulation. So too will the decision by Philippe Jabre, heavily fined by the Financial Services Authority, to set up a hedge fund in Geneva.

The wizard's farewell


11:22p ET Thursday, October 12, 2006

Dear Friend of GATA and Gold:

Our friend R.P. writes:

"I love you guys and all but sometimes it seems as if you are only negative about world operations. Sorry, but I am in a good mood until I read most of your dispatches. I am a believer in the gold price suppression conspiracy but I believe more in peace of mind. Good luck and please put some positive dispatches in the loop."

Peter Brimelow: Indians back buying gold


LeMetropole Cafe Talks Up
Market-Manipulation Theories

By Peter Brimelow
Thursday, October 12, 2006


The Hulbert Gold Newsletter Sentiment Index, which represents the average gold market exposure among a subset of short-term gold-timing newsletters, stood at a reading of minus 25% on Wednesday night. That's not far off the all-time low, and it's a dramatic change from the stubborn bullishness that gold-timers displayed when the current downleg began, in September.

In defense of the Liberty Dollar


8:50p ET Tuesday, October 10, 2006

Dear Friend of GATA and Gold:

Bernard von NotHaus, one of the founders of the independent Liberty Dollar silver currency in the United States, has written an essay protesting the recent attempt of the U.S. Mint to portray the Liberty Dollar as a form of counterfeiting after eight years of U.S. government statements acknowledging that the Liberty Dollar was simply a legal private means of exchange. NotHaus' essay is titled "Get the Liberty Dollar ... Unjustly Defamed by the U.S. Mint?," and you can find it at FreeMarket News here:

No big gold sales in latest European Central Bank report


So which central bank or treasury department has been dumping all that metal?

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ECB Gold Reserves Down € 40 Million,
Forex + € 400 Million In Week To Oct 6

By Saadia Hashmy
Dow Jones Newswires
Tuesday, October 10, 2006


LONDON -- The Eurosystem's reserves of gold and gold receivables fell € 40 million to € 175.33 billion in the week ended Oct. 6, the European Central Bank said Tuesday.

Izzy Friedman explains optimism for silver; Ted Butler reports on CBOT


8:36p ET Tuesday, October 10, 2006

Dear Friend of GATA and Gold:

Izzy Friedman, mentor of silver market analyst Ted Butler, writes in "Silver for the Optimist, Gold for the Pessimist" that silver's prospects are better than gold's because of silver's tighter supply. And Butler reports on his notification of the Chicago Board of Trade that the concentration of silver shorts on the New York Mercantile Exchange's Comex division has wormed itself into the CBOT as well.