James Turk comments on International Speculator report on GATA's work

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11:59a ET Monday, January 29, 2007

Dear Friend of GATA and Gold:

GoldMoney founder and Free Market Gold & Money Report editor James Turk has some interesting comments on the interview done with your secretary/treasurer by Doug Hornig of Doug Casey's International Speculator letter. You can find Turk's comments, headlined "Is the Gold Price Being Managed?," in the "Founder's Commentary" box at the top left of the GoldMoney home page here:

Even central banks can't figure out market risks now

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ECB Head Warns About
'Unstable' Markets

By Gillian Tett
Financial Times, London
Sunday, January 28, 2007

http://www.ft.com/cms/s/1a94c8be-af15-11db-a446-0000779e2340,_i_rssPage=...

DAVOS, Switzerland -- Conditions in global financial markets look potentially "unstable," suggesting investors need to prepare for a "repricing" of some assets, Jean-Claude Trichet, president of the European Central Bank, said over the weekend in Davos.

'Debt and Delusion' author Peter Warburton to address May 10 CMRE meeting

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2:17p ET Sunday, January 28, 2007

Dear Friend of GATA and Gold:

The agenda for the spring dinner meeting of the Committee for Monetary Research and Education, to be held Thursday evening, May 10, in New York City, has been updated to include a tremendous new speaker: Peter Warburton, the British economist and author of "Debt and Delusion," which, published in 1999, showed how the central banks were imperiling the world's economy.

'Debt and Delusion' author Peter Warburton to address May 10 CMRE meeting

Section:

2:17p ET Sunday, January 28, 2007

Dear Friend of GATA and Gold:

The agenda for the spring dinner meeting of the Committee for Monetary Research and Education, to be held Thursday evening, May 10, in New York City, has been updated to include a tremendous new speaker: Peter Warburton, the British economist and author of "Debt and Delusion," which, published in 1999, showed how the central banks were imperiling the world's economy.

IMF gold trading rules changes are set to boost gold price

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From AMEInfo.com, Dubai
Sunday, January 28, 2007

http://www.ameinfo.com/108894.html

The International Monetary Fund is in the process of revising the laws that govern the trading of gold by the world's central banks, which will radically change the ability of central bankers to suppress the gold price, a major factor depressing the price of the yellow metal that has been an open secret for years.

Jason Hommel reports on silver, Vancouver, and GATA

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8:10p ET Saturday, January 27, 2007

Dear Friend of GATA and Gold:

Silver Stock Report editor Jason Hommel reports on silver, particular silver mining companies, the Vancouver conference, and GATA's growing acceptance. You can find Hommel's commentary at the Silver Stock Report site here:

http://silverstockreport.com/2007/review.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Malaysia shifts away from dollar, prime minister says

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By John Fraher and Adrian Cox
Bloomberg News Service
Saturday, January 27, 2007

http://www.bloomberg.com/apps/news?pid=20601170&sid=avaFUiaR9Dpo&refer=h...

Malaysian Prime Minister Abdullah Ahmad Badawi said his country has shifted some of its $82 billion of currency reserves away from the dollar and that potential foreign-exchange volatility may hurt exporters.

"We're concerned for the reason that the high percentage of our international trade is in U.S. dollars," Abdullah said today in an interview in Davos, Switzerland at the annual meeting of the World Economic Forum. When asked whether Malaysia will cut its dollar holdings, he said: "We have already. We'll continue to watch the situation."

MineWeb notes pro-gold speech by Royal Bank's Fell

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11:15a ET Friday, January 26, 2007

Dear Friend of GATA and Gold:

Lawrence Williams writes today at MineWeb:

"A couple of things over the past week have really struck my attention as being very significant, without seemingly exciting much general interest. The first of these was the verbatim report by GATA of a speech by a top Canadian banker. In his address to a dinner in Vancouver, Anthony Fell, chairman of RBC Capital Markets and former president of the Royal Bank of Canada, climbed into the state of currencies worldwide and put forward the place of gold as the safe haven against currency collapse in a big way.

Gulf states seen shifting away from U.S. assets

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By Natsuko Waki
Reuters
Thursday, January 25, 2007

http://today.reuters.com/news/articlenews.aspx?type=reutersEdge&storyID=...

LONDON -- Oil-rich Gulf Arab estates are seen shifting their assets away from the United States, and Qatar is keen on customer states including Asia and Europe as destinations, the country's financial regulator says.

Gold Fields closes Western Areas hedge book

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Company Press Release
Thursday, January 25, 2007

http://www.fin24.co.za/articles/displaysens.asp?articleid=354316&Ticker=

JOHANNESBURG -- Gold Fields Limited is pleased to announce that the Western Areas hedge book has been terminated.

The hedge book was terminated at an average spot gold price of US$622.14/oz and a total cost of US$528 million.

Gold Fields inherited the Western Areas hedge book when it took control of Western Areas in December 2006. The hedge book had a maturity profile from December 2006 to December 2014 and consisted of options, with a delta of 1,005,000 gold ounces, and deferred premiums.