Two more lunches for GATA sympathizers in Oz and environs

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9:14p ET Wednesday, March 14, 2007

Dear Friend of GATA and Gold:

GATA sympathizers in Australia and denizens of the southern hemisphere nearby, from Polynesia to Bouvet Island, are cordially invited to a couple of lunches next month in Sydney and Canberra.

The details:

Sydney: noon, Thursday, April 12, at the Tattersalls Club, 181 Elizabeth St, Sydney City.

Foreign love for U.S. assets at risk in subprime drop

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By Jennifer Ablan
Reuters
Wednesday, March 14, 2007

http://www.reuters.com/article/reutersEdge/idUSN1428164620070314

NEW YORK -- The deepest housing decline in 16 years could slow an inflow of global capital that has more than funded the massive fiscal and external deficits in the United States.

Goldman pays $2 million to settle 'naked' short-selling case

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By The Associated Press
via Yahoo News
Wednesday, March 14, 2007

http://biz.yahoo.com/ap/070314/goldman_sec_settlement.html?.v=1

WASHINGTON -- Goldman Sachs Group Inc.'s clearing unit has agreed to pay $2 million in civil penalties to settle allegations that it allowed customers to illegally profit by selling securities short just before public offerings of stock, regulators said.

Housing decline, subprime mortgage crash 'largely contained,' Paulson says

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From Reuters
via Yahoo News
Tuesday, March 13, 2007

http://news.yahoo.com/s/nm/20070313/bs_nm/usa_subprime_paulson_dc;_ylt=A...

WASHINGTON -- U.S. Treasury Secretary Henry Paulson said on Tuesday a decline in U.S. housing activity has caused some damage in subprime mortgage markets but was not hurting the overall economy.

Blanchard & Co. research note: European central bank gold sales declining

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By Neal R. Ryan
Vice President and Director of Economic Research
Blanchard and Co. Inc., New Orleans
Tuesday, March 13, 2007

www.blanchardonline.com

Stewart Armstrong: United we will stand

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9:48p Et Tuesday, March 13, 2007

Dear Friend of GATA and Gold:

Mining industry analyst Stewart Armstrong has written a wonderful rant about gold, life, the universe, and everything, including a few generous compliments for GATA. It's called "United We Will Stand" and you can find it at GoldSeek here:

http://news.goldseek.com/StewartArmstrong/1173806569.php

Hoping to turn party around, Ron Paul seeks Republican presidential nomination

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By Gary Martin
San Antonio (Texas) Express-News
Monday, March 12, 2007

http://www.mysanantonio.com/news/metro/stories/MYSA031307.03A.Ron-Paul.3...

WASHINGTON -- Rep. Ron Paul of Texas formally announced his candidacy for the Republican presidential nomination Monday, saying people want to hear his libertarian message of limited government -- and he's willing to deliver it.

Treasury says subprime problem is manageable

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Like, what else are they going to say? "It's a disaster and we're going to have to reduce interest rates fast, devalue the dollar by 40 percent, and impose currency and credit controls"?

* * *

By Marcy Gordon
Associated Press
via Yahoo News
Monday, March 12, 2007

http://news.yahoo.com/s/ap/20070313/ap_on_bi_ge/subprime_lending;_ylt=Ar...

China promises more market liberalization, including gold

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Big Trade Surplus Overshadows China's Reform Pledge

By Eadie Chen and Tamora Vidaillet
Reuters
via Yahoo News
Monday, March 12, 2007

http://news.yahoo.com/s/nm/20070312/bs_nm/china_economy_dc;_ylt=AuiGiQRW...

China will keep buying U.S. Treasuries as it diversifies reserves

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By Christina Soon
Bloomberg News Service
Sunday, March 11, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5waLpE3W.zc&refer=h...

BEIJING -- China will keep buying U.S. Treasuries after a new state investment agency begins operations to help the nation manage its $1.07 trillion foreign-exchange reserves, central bank Vice Governor Wu Xiaoling said.