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Daily Dispatches
James Turk: At last, a bounce
Submitted by cpowell on Tue, 2006-09-19 10:07 Section: Daily Dispatches10a ET Tuesday, September 19, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, gets out his gold and silver charts again for some technical analysis. He concludes that the precious metals are still in bull markets and that, despite their recent decline, nothing about the economic fundamentals has changed. The fundamentals, Turk writes, remain strongly in favor of the metals. You can find Turk's analysis, "A Last -- A Bounce," in the "Founder's Commentary" box at the top left of the GoldMoney home page here:
GATA substitutes for Eva Longoria at Toronto conference book launch
Submitted by cpowell on Tue, 2006-09-19 01:21 Section: Daily Dispatches1:22a ET Tuesday, September 19, 2006
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy is scheduled to address the Toronto Resource Investment Conference at the Toronto Metro Convention Center at 1 p.m. this coming Sunday, September 24. Then he will join your secretary/treasurer at the Neo Alliance Minerals booth (Booth 612) for the launch of the 2006 Mining Investment Guide, a bilingual directory of mining companies. (We should do OK if one of the languages is English.)
These gold claims turned out to be only paper
Submitted by cpowell on Mon, 2006-09-18 21:53 Section: Daily DispatchesWhere's the Counterparty Risk Management Group when you really need it?
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Restitution Groups File Lawsuit to Force Payment of Old Polish Bonds
By The Associated Press
Monday, September 18, 2006
http://biz.yahoo.com/ap/060918/apfn_poland_wartime_bonds.html?.v=1
WARSAW, Poland -- Holders of pre-World War II gold-backed Polish bonds and others filed suit in a U.S. district court Monday against the government in Poland, seeking repayment on thousands of the notes they estimate to now be worth millions.
Russian oligarchs betting heavily on gold
Submitted by cpowell on Mon, 2006-09-18 21:46 Section: Daily DispatchesPolyus Plans $1 Billion Share Buyback, London Listing
From Reuters
Monday, September 18, 2006
http://asia.news.yahoo.com/060918/3/2q25a.html
MOSCOW -- Polyus Gold, Russia's largest gold miner, will launch a $1-billion share buyback this month ahead of a planned listing in London by the end of 2006, the company said on Monday. Aiming to be among the world's top five gold miners by 2015, Polyus said it had hired Deutsche Bank for the buyback as it seeks to join a growing number of Russian companies listing on the London Stock Exchange .
Ted Butler: You make the call on market manipulation
Submitted by cpowell on Mon, 2006-09-18 21:27 Section: Daily Dispatches9:25p ET Monday, September 18, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler's new commentary, "You Make the Call," explains the dishonesty in the latest response of the U.S. Commodity Futures Trading Commission to complaints of manipulation of the silver market. You can find it at GoldSeek's companion site, SilverSeek, here:
Foreign businesses not as welcome as China changes strategy
Submitted by cpowell on Sun, 2006-09-17 16:26 Section: Daily DispatchesBy Elaine Kurtenbach
Associated Press
Saturday, September 16, 2006
http://biz.yahoo.com/ap/060916/china_foreign_investment.html?.v=1
SHANGHAI, China -- The going for foreign businesses in China, never easy, has gotten tougher as the government rethinks the "open door" policies that have made the country a magnet for foreign investment.
New rules forcing foreign news agencies to distribute news, photos and other services through the government's Xinhua New Agency are the most recent in a series of obstacles placed in the way of foreign businesses eager to invest in China. In recent months, Beijing has slapped limits on real estate investment and tightened controls on mergers and acquisitions -- moves that caught many foreign investors off-guard.
China rebuffs G7 appeals to let yuan rise faster
Submitted by cpowell on Sun, 2006-09-17 13:12 Section: Daily DispatchesDespite Pleas of G7, Yuan Will Stay
on Current Track, Central Bank Chief Says
From Reuters
via CNN.com
Sunday, September 17, 2006
http://money.cnn.com/2006/09/17/news/international/bc.economy.china.zhou...
SINGAPORE -- China on Sunday brushed aside calls to take the yuan off its tight leash and said it would stick to its policy of letting the currency climb only gradually.
China sees no need for great FX reserves shift
Submitted by cpowell on Sun, 2006-09-17 13:04 Section: Daily DispatchesFrom Reuters
Sunday, September 17, 2006
http://za.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...
SINGAPORE -- China has no need to make a big change in the composition of its $954.5 billion stockpile of reserves, the country's foreign exchange regulator said in remarks published on Sunday.
Iran knocks bank boycott, considers dumping dollars
Submitted by cpowell on Sun, 2006-09-17 12:55 Section: Daily DispatchesIran Vows Legal Action
on U.S. Move Against Bank Saderat
From Agence France-Presse
via Financial Express, Mumbai
Sunday, September 17, 2006
http://www.financialexpress-bd.com/index3.asp?cnd=9/17/2006§ion_id=2...
SINGAPORE, Sept 16 -- Iran has vowed to take legal action to challenge US sanctions on the Iranian lender Bank Saderat and has said it is considering shifting some of its foreign exchange reserves out of the dollar.
Liberty Dollar proponents vow to resist government crackdown
Submitted by cpowell on Sat, 2006-09-16 18:38 Section: Daily DispatchesFrom the Buffalo News
Saturday, September 16, 2006
http://www.buffalonews.com/editorial/20060916/6002444.asp
An attempt to buy beer at a Buffalo Sabres game using silver medallions known as Liberty Dollars landed two Derby men in trouble with Buffalo police last December. Now the federal government is warning people all over the United States that the medallions are "not legal tender" and that using them as money is a federal crime.
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