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Daily Dispatches
E-Gold denies charges in federal indictment
Submitted by cpowell on Tue, 2007-05-01 22:34 Section: Daily Dispatches10:28p 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:
http://www.e-gold.com/letter3.html
The company denies everything. This case will be interesting.
Barrick joins Lihir in huge gold hedge buyback
Submitted by cpowell on Tue, 2007-05-01 21:59 Section: Daily Dispatches9:55p 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
Submitted by cpowell on Tue, 2007-05-01 01:06 Section: Daily DispatchesJailed 7 Years for Contempt,
Adviser Is Headed for Prison
By Michael de la Merced
The New York Times
Saturday, April 28, 2007
http://www.nytimes.com/2007/04/28/business/28financier.html?
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
Submitted by cpowell on Tue, 2007-05-01 00:22 Section: Daily DispatchesAs 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
Submitted by cpowell on Mon, 2007-04-30 23:49 Section: Daily DispatchesBy Jorge Rueda
Associated Press
via Yahoo News
Monday, April 30, 2007
http://news.yahoo.com/s/ap/20070501/ap_on_re_la_am_ca/venezuela_imf
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
Submitted by cpowell on Mon, 2007-04-30 18:14 Section: Daily Dispatches6:13p 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:
http://blog.wired.com/27bstroke6/2007/04/egold_owner_cal.html
CHRIS POWELL, Secretary/Treasurer
Peter Schiff: What record high?
Submitted by cpowell on Sun, 2007-04-29 20:48 Section: Daily Dispatches8:40p 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
Submitted by cpowell on Sun, 2007-04-29 13:48 Section: Daily Dispatches1:46p 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
Submitted by cpowell on Sun, 2007-04-29 13:37 Section: Daily DispatchesBy Terry Keenan
New York Post
Sunday, April 29, 2007
http://www.nypost.com/seven/04292007/business/holy_dow__markets_rise_tie...
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.
Feds accuse E-Gold of money laundering, unlicensed banking
Submitted by cpowell on Sun, 2007-04-29 01:49 Section: Daily Dispatches1:45a ET Sunday, April 29, 2007
Dear Friend of GATA and Gold:
The U.S. Justice Department has indicted the E-Gold Internet gold exchange service on charges of money laundering and operating an unlicensed money transfer business.
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