Hedge fund risk worst since LTCM crash, Fed report says

Section:

By Pedro Nicolaci da Costa
Reuters
Wednesday, May 2, 2007

http://today.reuters.com/news/articleinvesting.aspx?type=fundsFundsNews&...

Unhappy with its share price, Barrick may diversify

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Lumber milling for paper might fit right in with the company's strategic plan....

* * *

Barrick Share Price
May Spark Diversification

By Cameron French
Reuters
Wednesday, May 2, 2007

http://ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...

Resource Investor: Central banks frantically hasten gold sales

Section:

By Jon A. Nones
Resource Investor
Wednesday, May 2, 2007

As bullion continues to consolidate around $670/oz, central banks within the Central Bank Gold Agreement have frantically quickened the pace of gold sales. Gold bugs debate whether sales will continue at this rate and what this could mean for the market.

Quick and huge profits made in Dow Jones calls

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Some of Best Bets
Added Monday,
Before News of Bid

By Mohammed Hadi
The Wall Street Journal
Tuesday, May 2, 2007

Some option traders found themselves sitting on massive profits in positions on Dow Jones & Co. after word that News Corp. has offered to buy the company.

Butler says silver now rarer than gold, and Phillips endorses gold manipulation complaint

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10:50p ET Tuesday, May 1, 2007

Dear Friend of GATA and Gold:

Two commentaries at GoldSeek tonight are required reading.

E-Gold denies charges in federal indictment

Section:

10:28p ET Tuesday, May 1, 2007

Dear Friend of GATA and Gold:

E-Gold's formal statement in response to the federal indictment of the company on charges of money laundering and operating an unlicensed money-transfer business has been posted at the company's Internet site here:

http://www.e-gold.com/letter3.html

The company denies everything. This case will be interesting.

Barrick joins Lihir in huge gold hedge buyback

Section:

9:55p ET Tuesday, May 1, 2007

Dear Friend of GATA and Gold:

Between Barrick Gold's announcement today, appended here, and Lihir Gold's announcement two weeks ago (http://www.gata.org/node/4999), the two companies have just taken almost US$1.1 billion in gold out of the market.

7-year contempt jailing ends but Armstrong is sentenced to 5 more

Section:

Jailed 7 Years for Contempt,
Adviser Is Headed for Prison

By Michael de la Merced
The New York Times
Saturday, April 28, 2007

http://www.nytimes.com/2007/04/28/business/28financier.html?

A federal judge lifted a 7-year-old civil contempt sanction on the financial adviser Martin A. Armstrong yesterday, allowing him to begin serving a five-year sentence for conspiracy to commit fraud.

As funds leverage up, fears of 'The Great Unwind' rise

Section:

As Funds Leverage Up,
Fears of Reckoning Rise

Fed and SEC Question
Wall Street on Policies;
'A Mockery' of Margin

By Randall Smith and Susan Pulliam
The Wall Street Journal
Tuesday, April 30, 2007

Venezuela withdraws from World Bank and IMF

Section:

By Jorge Rueda
Associated Press
via Yahoo News
Monday, April 30, 2007

http://news.yahoo.com/s/ap/20070501/ap_on_re_la_am_ca/venezuela_imf

CARACAS, Venezuela -- President Hugo Chavez announced Monday he would pull Venezuela out of the World Bank and the International Monetary Fund, a largely symbolic move because the nation has already paid off its debts to the lending institutions.