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Daily Dispatches
China spends $800 million to buy Zambia
Submitted by cpowell on Sun, 2007-02-04 11:57 Section: Daily DispatchesChinese President Announces
$800M Investment in Zambia
From German Press Agency
via MonstersAndCritics.com
Sunday, February 4, 2007
http://news.monstersandcritics.com/asiapacific/news/article_1255422.php/...
LUSAKA, Zambia -- Chinese President Hu Jintao on Sunday announced an $800 million investment package in Zambia on the second day of a two-day visit to the southern African country where a Chinese rush on resources is the source of growing unease.
Tracking and trading market intervention is a growing industry
Submitted by cpowell on Sat, 2007-02-03 23:21 Section: Daily Dispatches11:18p ET Saturday, February 3, 2007
Dear Friend of GATA and Gold:
It's wonderful to see that surreptitious U.S. government intervention in the financial markets is now taken so much for granted that more people are building mechanisms for tracking and trading it. (GATA's consultant, Michael Bolser, may have been the first with his Interventional Analysis letter, www.interventionalanalysis.com.) The latest undertaking is that of Robert D. McHugh Jr., editor of the Financial Markets Forecast & Analysis letter, whose essay, "The Plunge Protection Team Risk Indicator -- A Rally Finder," can be found at Gold-Eagle here:
China prepares to spend $200 billion to buy stuff around the world
Submitted by cpowell on Sat, 2007-02-03 18:24 Section: Daily DispatchesBy Zhou Jiangong
Asia Times, Hong Kong
Saturday, February 3, 2007
http://www.atimes.com/atimes/China_Business/IB03Cb08.html
SHANGHAI -- The Chinese government is taking action to implement a new policy of diversifying the disposal of the country's over US$1 trillion foreign exchange reserves that was initiated by the Central Conference on Financial Affairs three weeks ago.
The Ministry of Finance (MOF) is planning to issue yuan-denominated bonds to raise funds that will be used to "buy out" as much as $200 billion from the country's foreign reserve pool.
Somebody knows it's still money: Gold rush tears up patch of Amazon jungle
Submitted by cpowell on Sat, 2007-02-03 18:10 Section: Daily DispatchesBy Michael Astor
Associated Press
Saturday, February 3, 2007
http://news.yahoo.com/s/ap/20070203/ap_on_re_la_am_ca/amazon_gold_rush;_...
It's a gold rush in the Amazon jungle, driven by the Internet.
Speeding past unbroken walls of foliage, a motorboat packed with gritty prospectors veers toward the shore of the Juma river and spills its passengers into a city of black plastic lean-tos veiled by greasy smoke.
A tale of two markets, and two futures
Submitted by cpowell on Sat, 2007-02-03 12:17 Section: Daily Dispatches11:58a ET Saturday, February 3, 2007
Dear Friend of GATA and Gold:
GATA's friend Mark Wallace writes:
"I think that what is instructive and lends support to GATA's hypothesis is the way gold has been advancing.
"The advances come in sudden bursts, with little opportunity to get on board. The powers that be are making sure that there is no steady advance, because that would garner widespread support from ordinary investors.
Chinese president takes his African tour to copper-rich Zambia
Submitted by cpowell on Sat, 2007-02-03 11:06 Section: Daily DispatchesBy the Associated Press
via International Herald Tribune, Paris
Saturday, February 3, 2007
http://www.iht.com/articles/ap/2007/02/03/africa/AF-GEN-Africa-China.php
LUSAKA, Zambia --Chinese President Hu Jintao on Saturday brought his eight-nation African tour to copper-rich Zambia, where the Asian giant's growing clout has prompted charges of exploitation and emerged as a volatile political issue.
Unconventional St. Louis money manager invests only in mining companies
Submitted by cpowell on Fri, 2007-02-02 17:01 Section: Daily DispatchesBy Greg Edwards
St. Louis Business Journal
Friday, February 2, 2007
http://stlouis.bizjournals.com/stlouis/stories/2007/02/05/focus1.html?b=...
Money manager Wistar Holt, who invests exclusively in companies that mine gold, shakes his head when he talks about his lonely outpost in the St. Louis investment community.
"Gold has been the top-performing sector five of the last six years, yet I don't know anyone else in St. Louis who is even recommending it," he said. "Could you imagine the commotion Wall Street would make if any other sector -- particularly the tech sector -- had that same performance?"
St. Louis Business Journal notes GATA's work
Submitted by cpowell on Fri, 2007-02-02 16:52 Section: Daily DispatchesGold Says Central Banks
Suppressed Gold Prices
By Greg Edwards
St. Louis Business Journal
Friday, February 2, 2007
http://stlouis.bizjournals.com/stlouis/stories/2007/02/05/focus2.html?b=...
Wistar Holt says he believes the price of gold has been kept artificially low by what amounts to an international price-fixing conspiracy. It's not a mainstream view, but he's not alone.
Neal Ryan's research note turns into essay at MineWeb
Submitted by cpowell on Fri, 2007-02-02 16:27 Section: Daily Dispatches4:25p ET Friday, February 2, 2007
Dear Friend of GATA and Gold:
MineWeb had Blanchard & Co. research director Neal R. Ryan elaborate on his research note GATA dispatched to you yesterday. It is now an essay headlined "The Reasons Why Proposed IMF Gold Sales Won't Happen" and you can find it here:
http://www.mineweb.net/american_notes/606828.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fishy stuff in gold market is making it into news reports
Submitted by cpowell on Fri, 2007-02-02 16:05 Section: Daily Dispatches4p ET Friday, February 2, 2007
Dear Friend of GATA and Gold:
Even as gold is down, it's a great day when GATA sympathizers constitute the majority of analysts quoted in the CBSMarketWatch report on the gold market, as was the case today in the report appended here, quoting, among others, GoldSeek's Peter Spina, Blanchard & Co.'s Neal Ryan, and Peter Grandich of the Grandich Letter. Ryan notes the "counter-intuitive moves" in gold -- that is, fishy stuff -- and Grandich cites the enduring coincidence of bear raids on gold whenever U.S. employment figures are announced. With a little help from our friends, the world is figuring it out.
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