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Daily Dispatches
Iran will launch oil exchange next week, oil minister says
Submitted by cpowell on Thu, 2006-04-27 03:00 Section: Daily DispatchesThe Threat to a Fistful of Petrodollars
By Liam Halligan
The Telegraph, London
Sunday, April 23, 2006
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/04/23/ccliam23.xml
From Russia, you might say, with love. This weekend, Alexei Kudrin,
Russia's finance minister, dropped a bombshell in Washington.
Attending the annual meetings of the World Bank and International
If Dow triples, gold may rise tenfold, Marc Faber says
Submitted by cpowell on Tue, 2006-04-25 03:00 Section: Daily DispatchesComing soon: Funds for trading in gold;
Firms gear up for funds that will invest
in gold exchanges within two months
By Anand Birai
Mumbai Mirror
Tuesday, April 25, 2006
http://www.mumbaimirror.com/nmirror/mmpaper.asp?
sectid=13&articleid=42420062234418742420062233531
MUMBAI -- If you love to invest in gold, then you will soon be able
Geneva conference to examine central bank suppression of gold
Submitted by cpowell on Tue, 2006-04-25 03:00 Section: Daily DispatchesBy James Poole and Mike Firn
Bloomberg News Service
Tuesday, April 25, 2006
http://www.bloomberg.com/apps/news?pid=10000081&sid=aUeDGtHNebpI
Marc Faber, who told investors to bail out of U.S. stocks a week
before the 1987 Black Monday crash and began recommending
commodities at the end of 2001, said gold may rise 10-fold in the
Ted Butler: A long time coming
Submitted by cpowell on Tue, 2006-04-25 03:00 Section: Daily Dispatches1:43a ET Tuesday, April 25, 2006
Dear Friend of GATA and Gold:
The suppression of the gold price by central banks
will be among the topics at the Academy & Finance
conference on gold investing at the Forum Geneva
in Geneva, Switzerland, on Thursday, May 18.
Speakers will include GATA consultant Frank Veneroso
of Veneroso Associates; financial commentators Doug
Casey and Paul van Eeden; Tocqueville gold fund
Silver ETF launch reported imminent but MorganChase is custodian
Submitted by cpowell on Tue, 2006-04-25 03:00 Section: Daily Dispatches8:47p ET Tuesday, April 25, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler takes a look at the
recent shakeout in silver and senses that it's
probably over and that the dealers will be reluctant
to short the next rally. His essay is titled "A Long
Time Coming" and you can find it at GoldSeek's
companion site, SilverSeek, here:
If something is missing from your house, it may have been monetized
Submitted by cpowell on Tue, 2006-04-25 03:00 Section: Daily Dispatches9:11p ET Tuesday, April 25, 2006
Dear Friend of GATA and Gold:
Resource Investor and Reuters are reporting tonight that
final approval and launch of the Barclays silver exchange-
traded fund are imminent. The Reuters story is appended.
Resource Investor says that to back the fund, Barclays
has deposited 1.5 million ounces of silver with none
other than J.P. MorganChase Bank in London -- which
Qatar''s central bank diversifying out of dollars and into euros
Submitted by cpowell on Mon, 2006-04-24 03:00 Section: Daily Dispatches8:53a ET Sunday, April 23, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket
Gold & Money Report and consultant to GATA, advises
that gold has broken out to all-time highs against the
Australian dollar, South African rand, Indian rupee, and
Chinese yuan. Meanwhile, Turk writes, the U.S. dollar is
looking ready to head lower, which likely would provide
India''s gold exchange-traded funds may hold only futures contracts, not metal
Submitted by cpowell on Mon, 2006-04-24 03:00 Section: Daily DispatchesFrom AMEInfo, Dubai
Monday, April 24, 2006
http://www.ameinfo.com/83944.html
The Qatar Central Bank is exchanging dollars for euros on global
capital markets and could raise the percentage of its foreign
exchange reserves held in euros to 40 percent, a Qatar Central Bank
official told Dow Jones Newswires.
The news comes as many Gulf Cooperation Council countries are
Penny''s melt value reaches 0.8 cents, production cost 1.4 cents
Submitted by cpowell on Sun, 2006-04-23 03:00 Section: Daily DispatchesFrom The Telegraph, Calcutta
Sunday, April 23, 2006
http://www.telegraphindia.com/1060423/asp/business/story_6133967.asp
MUMBAI -- Investors can now lap up as much gold as they like, be in
the form of physical gold or units in a gold exchange-traded fund.
The Securities and Exchange Board of India (Sebi) had allowed mutual
More recognition of GATA supporter Frank Holmes of U.S. Global Investors
Submitted by cpowell on Sun, 2006-04-23 03:00 Section: Daily DispatchesA Penny for Your Thoughts,
and 1.4 Cents for a Penny
By Floyd Norris
The New York Times
Sunday, April 23, 2006
http://www.nytimes.com/2006/04/22/business/22charts.html?
_r=1&oref=slogin
What happens if a penny is worth more than 1 cent?
That is an issue the United States Mint could soon face if the price
of metals keeps rising. Already it costs the mint well more than a