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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.
Is U.S. trying to drive Iran out of the dollar?
Submitted by cpowell on Sat, 2006-09-16 18:13 Section: Daily DispatchesU.S. Asks Finance Chiefs
to Limit Iran's Access to Banks
By Steven R. Weisman
The New York Times
Sunday, September 17, 2006
http://www.nytimes.com/2006/09/17/world/middleeast/17paulson.html?_r=1&o...
SINGAPORE, Sept. 16 -- The United States pressed the top finance officials of the world’s leading industrial nations on Saturday to crack down on what Treasury Secretary Henry M. Paulson Jr. said was the exploitation of their banking systems by at least 30 Iranian front companies involved in illicit activities.
India nears approval of gold ETFs
Submitted by cpowell on Sat, 2006-09-16 01:36 Section: Daily DispatchesGold ETF Guidelines to be Announced Shortly
By Press Trust of India
via The Hindu, Madras
Saturday, September 16, 2006
http://www.hindu.com/thehindu/holnus/006200609160314.htm
MUMBAI -- Market regulator SEBI is busy giving finishing touches to the long-awaited detailed guidelines on the gold exchange-traded fund (ETF), which will allow retail investors to buy and sell gold like units of mutual funds.
Hugo Salinas Price: Silver money for Mexico
Submitted by cpowell on Fri, 2006-09-15 21:56 Section: Daily Dispatches9:45p ET Friday, September 15, 2006
Dear Friend of GATA and Gold:
GATA's great friend Hugo Salinas Price, president of the Mexican Civic Association for Silver, is reflecting on silver money's potential to help unify Mexico after the recent bitterly close presidential election there. Price was a speaker at GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, Canada, a year ago August, and his new essay is headlined "Silver Money for Mexico." You can find it at Gold-Eagle here:
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