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Daily Dispatches
Having gotten only 7,000 shares, Barrick extends bid for NovaGold
Submitted by cpowell on Thu, 2006-09-14 20:49 Section: Daily DispatchesBarrick Gold Extends Bid for NovaGold,
Seeking to Kill NovaGold Poison Pill
By Craig Wong
Canadian Press via CanadianBusinss.com
Thursday, September 14, 2006
http://www.canadianbusiness.com/markets/headline_news/article.jsp?conten...
VANCOUVER -- Barrick Gold Corp. has extended its US$1.5-billion offer to buy NovaGold Resources Inc. to Sept. 29 and says it will seek a hearing at the British Columbia Securities Commission to cancel the junior gold miner's shareholder rights plan.
Russian central banker murdered after attacking insolvencies and corruption
Submitted by cpowell on Thu, 2006-09-14 11:21 Section: Daily DispatchesRussian Central Banker Dies of Wounds
By Steve Gutterman
Associated Press
Wednesday, September 14, 2006
http://news.yahoo.com/s/ap/20060914/ap_on_re_eu/russia_banker_shot
The top deputy chairman of Russia's Central Bank died Thursday, hours after being shot by unidentified assailants in an attack that officials suggested was prompted by his efforts to clean up the country's banking system.
Morgan Chase fined, censured for short-selling violations
Submitted by cpowell on Thu, 2006-09-14 00:53 Section: Daily DispatchesNYSE Fines 3 Firms for Violations
From The Wall Street Journal
Thursday, September 14, 2006
NEW YORK -- NYSE Regulation Inc., the New York Stock Exchange's regulatory arm, said it fined Citigroup Inc., J.P. Morgan Chase & Co., and Wachovia Corp. a combined $3.1 million for separate violations of exchange rules.
J.P. Morgan was fined $400,000 and censured for violations of short-selling rules between 2001 and 2005. The NYSE said violations primarily involved the mismarking of orders.
Dollar eases as Paulson hits China on eve of banker meetings
Submitted by cpowell on Wed, 2006-09-13 23:59 Section: Daily DispatchesBy AFX News
via Interactive Investor (U.K.)
Wednesday, September 13, 2006
http://www.iii.co.uk/news/?type=afxnews&articleid=5779889&subject=market...
LONDON -- The dollar slipped slightly after US Treasury Secretary Henry Paulson issued a clear warning to China to allow the yuan to appreciate to better reflect its fundamentals.
His stance suggests that the US will pursue a hard line at the upcoming G7 meetings this weekend. The last time the group of seven most industrialised nations jointly called for greater currency market flexibility, the dollar suffered hefty calls while Asian currencies edged higher. Exhorting greater flexibility is usually seen as code speak for China to allow the yuan to float freely.
John Embry: Manipulation of precious metals prices could hardly be more obvious
Submitted by cpowell on Wed, 2006-09-13 23:33 Section: Daily Dispatches11:23p ET Wednesday, September 13, 2006
Dear Friend of GATA and Gold:
After the recent drubbing of the precious metals, what the gold and silver world most needs right now is a tall order of John Embry.
Coming right up, courtesty of Investor's Digest of Canada, which has just published his most recent essay, "Manipulation of Gold's Price Obvious When It Falls in Stunningly Bullish Situation." You can find it at the Sprott Asset Management site here:
Paramount Gold endorses and underwrites GATA's work
Submitted by cpowell on Wed, 2006-09-13 22:32 Section: Daily Dispatches10:18p ET Wednesday, September 13, 2006
Dear Friend of GATA and Gold:
GATA is thrilled to have just received a formal endorsement and financial support from another precious metals exploration company -- Paramount Gold Mining Corp., which has quite a number of prospective properties in Mexico and South America.
Paramount Gold's president and chief financial officer, Chris Crupi, explains it this way: "I believe the work GATA is doing is of great benefit to the gold community. I am impressed with their informative communications and feel they go a long way in keeping gold investors abreast of the most important factors influencing the precious metals
Strange ... This never happens to MorganChase and Goldman Sachs metals traders
Submitted by cpowell on Wed, 2006-09-13 20:23 Section: Daily DispatchesCitigroup Rogue Metals Trader Loses $20 Million
By Jonathan Stempel
Reuters
Wednesday, September 13, 2006
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reut...
NEW YORK -- A rogue Citigroup Inc. trader lost $20 million for the largest U.S. bank by hiding more than $300 million of gold and silver contracts and reporting fake prices, the New York Stock Exchange's regulatory unit said.
James Turk: History repeats for gold and silver with another bull-market correction
Submitted by cpowell on Wed, 2006-09-13 08:26 Section: Daily Dispatches8:13a ET Wednesday, September 13, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, consultant to GATA and editor of the Freemarket Gold & Money Report, argues in new analysis posted today at GoldMoney.com that the recent smashing of gold and silver has been the same sort of cartel-assisted, bull-market correction the metals endured in June and that the metals are now "exceptionally good value." You can find Turk's analysis, headlined "History Repeats," in the "Founder's Commentary" box at the top left of the GoldMoney home page here:
Corrected version of Grandich Letter's special alert
Submitted by cpowell on Tue, 2006-09-12 19:50 Section: Daily Dispatches7:37p ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
There are have been some fixes to the graphics in today's special alert of the Grandich Letter. You can find a corrected version of the letter at the Grandich Internet site here:
http://www.grandich.com/docs/alertGL_09-12-06.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Join GATA
Peter Grandich: Special alert -- A realist's view
Submitted by cpowell on Tue, 2006-09-12 16:58 Section: Daily Dispatches4:42p ET Tuesday, September 12, 2006
Dear Friend of GATA and Gold:
Peter Grandich's letter issued today -- "Special Alert -- A Realist's View" -- is a comprehensive analysis of the metals markets and includes a long section endorsing GATA's work and describing the probability of market manipulation. Grandich's continuing support of GATA has been of the greatest importance and we're deeply grateful for it. He will join GATA as a speaker at both the Toronto Resource Investment Conference and the New Orleans Investment Conference, which are cited below.
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