European junk bond supply grows dramatically

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By David Oakley and Saskia Scholtes
Financial Times, London
Wednesday, May 2, 2007

http://www.ft.com/cms/s/e9b0d016-f8d5-11db-a940-000b5df10621.html

The European junk bond market grew dramatically in the first quarter of this year in a powerful sign that the world economy is in robust health.

Blanchard Research: Central banks are biggest factors in gold market

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6:25p ET Wednesday, May 2, 2007

Dear Friend of GATA and Gold:

Some gold market analysts pretend that the Western central banks have no special influence in the gold market. Today's Blanchard Economic Research Unit daily note by Neal Ryan describes in detail how, to the contrary, the central banks are the biggest and most influential players in that market, at least for the time being.

Hedge fund risk worst since LTCM crash, Fed report says

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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

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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

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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

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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.