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Daily Dispatches
Andy Xie: Fed would fool both bond vigilantes and liquidity junkies
Submitted by cpowell on Sat, 2009-07-04 10:17 Section: Daily DispatchesTaming the Beast
By Andy Xie
China International Business magazine, Beijing
Thursday, July 2, 2009
http://www.cibmagazine.com.cn/Columnists/Andy_Xie.asp?id=992&taming_the_...
Indian joins Russia, China in questioning dollar dominance
Submitted by cpowell on Fri, 2009-07-03 15:38 Section: Daily DispatchesBy Mark Deen and Isabelle Mas
Bloomberg News
Friday, July 3, 2009
http://www.bloomberg.com/apps/news?pid=20601080&sid=aSx4wlTQzexM
AIX EN PROVENCE, France -- Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.
China buys 17% of miner Teck Resources for $1.5 billion
Submitted by cpowell on Fri, 2009-07-03 09:43 Section: Daily DispatchesBy Cameron French
Reuters
Friday, July 3, 2009
http://www.reuters.com/article/marketsNews/idAFN0315307920090703?rpc=44
TORONTO -- Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp. through a private placement that will raise C$1.74 billion ($1.5 billion) and help the miner pay down debt.
China moves again to cut reliance on dollar
Submitted by cpowell on Thu, 2009-07-02 23:39 Section: Daily DispatchesBy Richard McGregor
Financial Times, London
Friday, July 3, 2009
http://www.ft.com/cms/s/0/f8a7105c-676a-11de-925f-00144feabdc0.html
BEIJING -- China has taken another step toward internationalising its currency and reducing reliance on the US dollar with the announcement of new rules to allow select companies to invoice and settle trade transactions in renminbi.
Austrian bank's gold report cites market manipulation
Submitted by cpowell on Thu, 2009-07-02 15:34 Section: Daily Dispatches3:30p ET Thursday, July 2, 2009
Dear Friend of GATA and Gold:
Erste Group Research, a division of Erste Group Bank AG in Vienna, Austria, has just published a 53-page special report on gold that includes a section on manipulation of the gold market. This section seems to have been heavily influenced by GATA's work.
King World News interviews GATA
Submitted by cpowell on Thu, 2009-07-02 11:44 Section: Daily Dispatches11:46a ET Thursday, July 2, 2009
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, board member Ed Steer, and your secretary/treasurer were interviewed about the gold and silver markets for a half hour yesterday by Eric King of King World News. It turned out well and you can listen to it here:
http://www.kingworldnews.com/kingworldnews/Gold+_Broadcast/Entries/2009/...
Support GATA by purchasing a colorful T-shirt
Submitted by cpowell on Thu, 2009-07-02 00:08 Section: Daily Dispatches12:01a ET Thursday, July 2, 2009
Dear Friend of GATA and Gold:
Now you can support GATA and show your support for GATA -- by purchasing and wearing a colorful GATA T-shirt.
They're made of high-quality material, they're available in three sizes, and they're imprinted with Alain Despert's painting symbolizing GATA's cause.
Liberty Dollar prosecution update
Submitted by cpowell on Wed, 2009-07-01 10:48 Section: Daily Dispatches10:50a ET Wednesday, July 1, 2009
Dear Friend of GATA and Gold (and Silver):
Sen. Crapo proposes equal tax treatment for precious metals
Submitted by cpowell on Wed, 2009-07-01 10:42 Section: Daily Dispatches10:40a ET Wednesday, July 1, 2009
Dear Friend of GATA and Gold (and Silver):
Mike Zielinski, proprietor of the Mint News Blog, reports that U.S. Sen. Mike Crapo, R-Idaho, has introduced legislation to provide to precious metal investors the same favorable capital gains tax treatment afforded to stock and mutual fund investors. Zielinski has written about it here:
James Turk: The first half of 2009
Submitted by cpowell on Wed, 2009-07-01 08:39 Section: Daily Dispatches8:34a ET Wednesday, July 1, 2009
Dear Friend of GATA and Gold (and Silver):
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