Blanchard research note: Spain is latest to try to clobber gold

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11a ET Friday, May 11, 2007

Dear Friend of GATA and Gold:

Today's research note from Neal Ryan of Blanchard & Co. reports a huge sale of gold by Spain's central bank, more evidence of the intensifying struggle of the central banks to suppress gold at this particular time. You can find the Blanchard research note at GoldSeek here:

http://news.goldseek.com/GoldSeek/1178895721.php

Foreign bondholders seen undeterred by weak dollar

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By Lucia Mutikani
Reuters
Friday, May 11, 2007

http://www.reuters.com/article/reutersEdge/idUSN1046448720070511?src=051...

NEW YORK -- Foreign appetite for U.S. Treasuries is unlikely to wane despite the dollar's slump, thanks to China's slow pace of currency reforms and a large pool of petrodollars that need to be recycled.

China will diversify mainly with new dollars, not old ones

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From China Daily, Beijing
via Xinhuanet.com
Friday, May 11, 2007

http://news.xinhuanet.com/english/2007-05/11/content_6083732.htm

BEIJING -- The central bank said yesterday that the country will not sell large amounts of U.S. dollar-denominated assets to diversify its foreign exchange reserves.

CMRE audience wonders why gold falls hard on bad news for dollar

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12:14a ET Friday, May 11, 2007

Dear Friend of GATA and Gold:

With copper coin, Liberty Dollar defies U.S. Mint's threat

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Company Press Release
via PRNewswire
and Yahoo News
Tuesday, May 8, 2007

http://biz.yahoo.com/prnews/070508/cltu104.html?.v=24

EVANSVILLE, Indiana -- Liberty Dollar announced today that it has issued a new $1 Copper Liberty that defies the U.S. Mint's previous warning that only the use, not possession, of the new currency was illegal.

Ted Butler: A clear parallel

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4:25p ET Tuesday, May 8, 2007

Dear Friend of GATA and Gold:

Ecuador won't renew U.S. investment deal

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By The Associated Press
via Yahoo News
Monday, May 7, 2007

http://news.yahoo.com/s/ap/20070507/ap_on_re_la_am_ca/ecuador_us;_ylt=Aq...

QUITO, Ecuador -- Ecuador's new leftist president has decided not to renew a bilateral investment treaty with the United States, the country's foreign minister said Monday, just days before a senior U.S. official is due to visit.

James Turk: Gold's infallible indicator is screaming 'buy!'

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10:20p ET Monday, May 7, 2007

Dear Friend of GATA and Gold:

GATA consultant James Turk, founder of GoldMoney and editor of the Freemarket Gold & Money Report, has discovered a flawless indicator for the gold price, and it is screaming "buy!" You can read about it in Turk's new essay for Kitco, "Gold's Infallible Indicator," here:

http://www.kitco.com/commentary/turk.htm

James Turk: The pressure is building

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9a ET Monday, May 7, 2007

Dear Friend of GATA and Gold:

Asia grumbles over apportioning burden of U.S. dollar's potential fall

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Asia's Real Currency Worries May Be Dollar

By Hideyuki Sano
Reuters
Sunday, May 6, 2007

http://www.reuters.com/article/bondsNews/idUST21280820070506

KYOTO, Japan -- Although Asian finance ministers have just agreed on a new contingency measure to defend their currencies, their real concerns appear to be a plunge in the U.S. dollar rather than a rise in their own units.