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Daily Dispatches
Central banks may put more reserves into equities, less into bonds
Submitted by cpowell on Sun, 2007-01-14 11:10 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, January 9, 2007
http://today.reuters.com/news/articlenews.aspx?type=reutersEdge&storyID=...
LONDON -- Central banks around the world are looking to invest more of their $4.75 trillion foreign exchange reserves in equities at the expense of bonds, but the implications for currencies are far from clear.
Mere celebrities get more gold in their medals than real heroes do
Submitted by cpowell on Sun, 2007-01-14 11:00 Section: Daily DispatchesBy Johanna Neuman
Los Angeles Times
Saturday, January 13, 2007
http://www.latimes.com/news/nationworld/nation/la-na-medal13jan13,1,5728...
WASHINGTON -- One day after President Bush awarded the coveted Medal of Honor to the family of a Marine who died after throwing his helmet and his body on a grenade in Iraq, a California congressman introduced a bill to require the Pentagon to put more real gold in the medal.
Bahrain rejects change in currency's dollar peg
Submitted by cpowell on Sun, 2007-01-14 10:45 Section: Daily DispatchesFrom Reuters
via Khaleej Times, Dubai
Sunday, January 14, 2007
http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/business/20...
MANAMA, Bahrain -- Bahrain will not change its policy on pegging the dinar currency to the US dollar, the central bank governor said on Sunday after the United Arab Emirates raised the prospect of a region-wide revaluation.
Ron Paul to seek Republican presidential nomination
Submitted by cpowell on Fri, 2007-01-12 11:19 Section: Daily DispatchesBy Joe Stinebaker
Associated Press
Thursday, January 11, 2007
http://news.yahoo.com/s/ap/20070111/ap_on_el_pr/paul2008_1
U.S. Rep. Ron Paul, the iconoclastic, nine-term lawmaker from southeast Texas, took the first step Thursday toward a second, quixotic presidential bid -- this time as a Republican.
Paul filed papers in Texas to create a presidential exploratory committee that will allow him to raise money. In 1988 Paul was the Libertarian nominee for president and received more than 400,000 votes.
Western Australia's GATA sympathizers meet for lunch Jan. 22 in Perth
Submitted by cpowell on Thu, 2007-01-11 20:02 Section: Daily Dispatches7:43p ET Thursday, January 11, 2007
Dear Friend of GATA and Gold:
Gold and GATA sympathizers in Western Australia are invited to the second local GATA lunch -- to be held at noon Monday, January 22, at the Subiaco Hotel at the corner of Hay Street and Rokeby Road in Perth. It is being organized by David Evans (david.evans@sciencespeak.com) and he'll post a "GATA" sign near the hotel entrance to make it easy to find our group. RSVPs are helpful but not crucial.
Gulf Arabs reconsider their currency pegs to dollar
Submitted by cpowell on Thu, 2007-01-11 17:10 Section: Daily DispatchesBy Will Rasmussen
Reuters
Thursday, January 11, 2007
http://in.today.reuters.com/News/newsArticle.aspx?type=businessNews&stor...
ABU DHABI -- Gulf Arab oil producers are reviewing currency pegs to the falling dollar and could decide as early as March whether to keep or change their exchange rate regime, the United Arab Emirates central bank said on Thursday.
Last European bank will stop handling dollars for Iran
Submitted by cpowell on Wed, 2007-01-10 17:12 Section: Daily DispatchesIran Begins to Feels
the Financial Squeeze
By Michael Connolly
The Wall Street Journal
Wednesday, January 10, 2007
Evidence appears to be growing that Iranian firms are feeling the pinch of the U.S.-led drive to have banks curtail transactions with Iran's state-controlled banks. Iranian banks and companies, for instance, are now having to put up large deposits -- as high as 100% -- in foreign banks to get them to issue letters of credit for foreign transactions.
Gold ETFs expected to start in India within month
Submitted by cpowell on Wed, 2007-01-10 17:00 Section: Daily DispatchesFrom Press Trust of India
via NewKerala.com
Monday, January 10, 2007
http://www.newkerala.com/news4.php?action=fullnews&id=77538
MUMBAI -- Traditional household investment in gold will soon have a new option with the much awaited gold exchange-traded funds (GETFs) expected to be launched within a month.
"The GETF hopefully should be launched within a month," Association of Mutual Funds in India Chairman A.P. Kurian told reporters.
Russian commercial banks can't get enough gold
Submitted by cpowell on Wed, 2007-01-10 16:41 Section: Daily DispatchesFrom Interfax News Service
Monday, January 10, 2006
http://www.interfax.ru/e/B/0/26.html?id_issue=11657879
MOSCOW -- A total of 42 commercial banks signed contracts to buy 161.9 tonnes of gold from producers in 2006, a source at the Gokhran precious metals and gemstones repository told Interfax.
Not all of the gold will have been delivered by the end of last year, so there could be some discrepancy between the amount of gold ordered and actually received, the source said.
Nadler refuses debate on manipulation but releases Fort Knox photos
Submitted by cpowell on Tue, 2007-01-09 20:00 Section: Daily Dispatches2:52p ET Wednesday, January 10, 2007
Dear Friend of GATA and Gold:
Kitco market analyst Jon Nadler, perhaps the most notorious of the deniers of the central bank gold price manipulation scheme, has refused an invitation to debate the manipulation issue with GATA Chairman Bill Murphy and other speakers at the Vancouver Resource Investment Conference this month. So the conference will hold a panel discussion on the issue featuring Murphy, GoldMoney founder and GATA consultant James Turk, Long Wave Analyst newsletter editor Ian Gordon, and another conference speaker or two.