Falling dollar means $3 gas again, higher interest rates

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By Jon Birger
Fortune magazine
via CNNMoney.com
Friday, December 1, 2006

http://money.cnn.com/2006/12/01/news/economy/dollar.fortune/index.htm?se...

Given the sorry state of U.S. manufacturing and the widening trade gap between U.S. and the rest of the world, it's understandable why there's been little hand-wringing over the falling value of the U.S. dollar. Since October, the dollar has fallen 4% against both the euro and the Japanese yen. And this week, the dollar hit the lowest it's been against the euro since March 2005.

Gold ETFs nearly ready to go in India

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India's Gold Exchange-Traded Funds in Final Stages

From the Indian Express, Mumbai
Friday, December 1, 2006

http://www.indianexpress.com/story/17646.html

MUMBAI -- After a long wait, investors can now hope to buy and sell gold like shares on the stock exchanges. The Securities and Exchange Board of India (Sebi) is in the final stages of clearing gold exchange-traded funds in India, the largest market for the yellow metal in the world.

GATA makes its case at New York museum's gold exhibition

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11:50p ET Thursday, November 30, 2006

Dear Friend of GATA and Gold:

In connection with the magnificent new exhibition on gold at the American Museum of Natural History in New York City, about which GATA dispatched an Associated Press story to you the other day (http://www.gata.org/node/4511), your secretary/treasurer will speak as part of a panel discussion program at the museum from 7 to 8:30 p.m. on Wednesday, December 6.

Everything is golden on TV tonight

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9:06p ET Thursday, November 30, 2006

Dear Friend of GATA and Gold:

Looks like nearly everything on TV tonight is about gold.

On CBS there's "Survivor." On PBS there's "Mystery." Fox has "Til Death." MyNetworkTV has "Desire." FX is broadcasting the movie "Anger Management." And QVC has "101 Great Jewelry Ideas."

But the big gold (and silver) program is once again on Canada's ROB-TV, which today gave an hour to Sprott Asset Management's chief investment strategist John Embry, who talked about gold and silver, the housing market, and the vulnerability created by the explosion of derivatives. Embry also listed his top three stock picks.

Peter Brimelow: Harry Schultz sees $1,500 gold

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By Peter Brimelow
CBSMarketWatch.com
Thursday, November 30, 2006

http://www.marketwatch.com/News/Story/Story.aspx?guid={5D7B90DD-2606-4DEC-A866-A428B3F87A9C}&siteid=mktw

NEW YORK -- The North Koreans exploded a nuclear bomb just after I wrote about the International Harry Schultz Letter in October. At the time, veteran editor Harry Schultz warned about an "October Surprise." One of his suggested surprises promptly came true.

British banks told to plan for 40% crash in housing prices

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By Patrick Hosking
The Times, London
Thursday, November 16, 2006

http://business.timesonline.co.uk/article/0,,9063-2455507,00.html

Banks in the United Kingdom have been ordered by financial regulators to assess how they would cope in the event of house prices crashing by 40 percent. The instruction to include a housing slump scenario in their stress-testing models comes after the Financial Services Authority found that some banks were failing to include gloomy enough assumptions in their modelling.

The paranoids were right -- there WAS a conspiracy against gold

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Even Paranoids Have Enemies:
Is There a Gold Conspiracy?

By Robert Appel
Luxe Magazine

(A supplement to the National Post, Toronto)

Wednesday, November 29, 2006

In the early 1990s, I recall, there was a front-page story in Canada's Financial Post (progenitor to our present National Post) featuring interviews with professional traders from the international gold desks. All were of one view. "Unusual activity" was taking place; the gold market was not as it should have been. Something was up.

China to steer gold mining toward bigger companies

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From China Daily, Beijing
via People's Daily Online
Thursday, November 30, 2006

http://english.people.com.cn/200611/30/eng20061130_326804.html

China, the world's fourth-biggest gold producer, will raise the threshold for foreign investors in the gold mining sector to improve the sustainability of the industry, a regulator said.

According to a source from the National Development and Reform Commission (NDRC), China will impose restrictions on small foreign investors in the sector while welcoming larger ones. The source declined to reveal what measures will be taken, only saying an announcement would be made before the end of the year.

Billiton backtracks from CEO's comments on gold mine acquisition

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From CBSMarketWatch.com
Thursday, November 30, 2006

http://www.marketwatch.com/news/story/bhp-billiton-says-gold-still/story...

SYDNEY, Australia -- Gold remains a non-core commodity for BHP Billiton (BHP) and the world's largest miner is not looking to buy gold assets, a spokeswoman said Thursday.

She was responding to media reports Wednesday quoting Chief Executive Chip Goodyear that BHP is underexposed in gold and would consider buying a gold mine.

NY Fed's market-rigging post goes to Goldman Sachs economist

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From The King Report
By Bill King
M. Ramsey King Securities
Burr Ridge, Illinois
Thursday, November 30, 2006

http://www.mramseyking.com/thekingreport.html

Goldman's former chief economist, Bill Dudley, will become the New York Fed's market operations chief. According to The Wall Street Journal, "The New York Fed's markets chief is manager of the central bank's 'open market account,' responsible for implementing the central bank's interest-rate decisions through operations in the bond and money markets. He also overseas foreign-exchange intervention on behalf of both the Fed and Treasury. ...