Butler says silver now rarer than gold, and Phillips endorses gold manipulation complaint


10:50p ET Tuesday, May 1, 2007

Dear Friend of GATA and Gold:

Two commentaries at GoldSeek tonight are required reading.

E-Gold denies charges in federal indictment


10:28p ET Tuesday, May 1, 2007

Dear Friend of GATA and Gold:

E-Gold's formal statement in response to the federal indictment of the company on charges of money laundering and operating an unlicensed money-transfer business has been posted at the company's Internet site here:


The company denies everything. This case will be interesting.

Barrick joins Lihir in huge gold hedge buyback


9:55p ET Tuesday, May 1, 2007

Dear Friend of GATA and Gold:

Between Barrick Gold's announcement today, appended here, and Lihir Gold's announcement two weeks ago (http://www.gata.org/node/4999), the two companies have just taken almost US$1.1 billion in gold out of the market.

7-year contempt jailing ends but Armstrong is sentenced to 5 more


Jailed 7 Years for Contempt,
Adviser Is Headed for Prison

By Michael de la Merced
The New York Times
Saturday, April 28, 2007


A federal judge lifted a 7-year-old civil contempt sanction on the financial adviser Martin A. Armstrong yesterday, allowing him to begin serving a five-year sentence for conspiracy to commit fraud.

As funds leverage up, fears of 'The Great Unwind' rise


As Funds Leverage Up,
Fears of Reckoning Rise

Fed and SEC Question
Wall Street on Policies;
'A Mockery' of Margin

By Randall Smith and Susan Pulliam
The Wall Street Journal
Tuesday, April 30, 2007

Venezuela withdraws from World Bank and IMF


By Jorge Rueda
Associated Press
via Yahoo News
Monday, April 30, 2007


CARACAS, Venezuela -- President Hugo Chavez announced Monday he would pull Venezuela out of the World Bank and the International Monetary Fund, a largely symbolic move because the nation has already paid off its debts to the lending institutions.

E-Gold responds to federal indictment


6:13p ET Monday, April 30, 2007

Dear Friend of GATA and Gold:

A blogger at Wired.com today got some comment from E-Gold about the federal indictment of the company. The company protests that it has been fully co-operative with the government. You can find the comment here:


CHRIS POWELL, Secretary/Treasurer

Peter Schiff: What record high?


8:40p ET Sunday, April 29, 2007

Dear Friend of GATA and Gold:

Peter Schiff, president of Euro-Pacific Capital Inc. in Darien, Connecticut, continues his brave campaign to show that recent U.S. stock market gains are illusory, failing to keep up with prices of tangibles and services. His latest effort on this score is an essay titled "What Record High?," which can be found at GoldSeek here:

Contacts for GATA circles in Australia


1:46p ET Sunday, April 29, 2007

Dear Friend of GATA and Gold:

Four GATA circles have arisen in Australia and plan to hold occasional get-togethers. Here are their contact people.

Canberra: Marcus Matthews, marcusjohnmatthews@gmail.com.

Melbourne: John McBride, jmcbride@iinet.net.au.

Perth: David Evans, david.evans@sciencespeak.com.

Holy Dow! Market's rise tied to dollar's dive


By Terry Keenan
New York Post
Sunday, April 29, 2007


This week the Dow Jones Industrial average hit 13,000 for the first time ever, and the U.S. dollar fell to new record lows against the euro and the pound.