No country manipulates its currency, Bush tells Congress

Section:

China Isn't Currency Manipulator, Report Says

By Martin Crutsinger
Associated Press
Tuesday, December 19, 2006

http://news.yahoo.com/s/ap/20061219/ap_on_bi_ge/china_currency

The Bush administration said Tuesday that China does not meet the technical requirements of a country that is manipulating its currency to gain unfair trade advantages.

The administration did say Tuesday that "more flexibility in China's exchange rate will help it achieve more balanced growth" and promote a number of other outcomes that would be economically beneficial.

Iran announces switch from dollars to euros

Section:

From Agence France-Presse
Monday, December 18, 2006

http://news.yahoo.com/s/afp/20061218/wl_mideast_afp/iranforexbank_061218...

Iran announced it has ordered the central bank to use euros for foreign transactions and transform the state's dollar-denominated assets held abroad into the single European currency.

"The government has ordered the central bank to replace the dollar with the euro to limit the problems of the executive organs in commercial transactions," government spokesman Gholam Hossein Elham told reporters Monday.

Lawsuits target 'first strike' coins

Section:

By Curt Anderson
Associated Press
Sunday, December 17, 2006

http://news.yahoo.com/s/ap/20061218/ap_on_bi_ge/first_strike_lawsuit

To avid collectors, coins that stand out as rare or of exceptional quality are worth more than their weight in platinum, silver or gold.

Numismatic enthusiasts are often willing to pay a premium for American Eagle, American Buffalo and other specialty coins labeled "first strikes" because they are billed as among the first of that year's batch produced by the U.S. Mint.

James Turk: The gold cartel at work

Section:

9:31p ET Sunday, December 17, 2006

Dear Friend of GATA and Gold:

James Turk, editor of the Freemarket Gold & Money Report, founder of GoldMoney, and consultant to GATA, has put Friday's pounding of gold in the context of the many similar poundings gold has suffered on Fridays at the hands of the perpetrators of the gold price suppression scheme. Turk's new essay is titled "The Gold Cartel at Work" and you can find it at GoldSeek here:

Kevin Horrigan: A Wall Street Christmas story

Section:

By Kevin Horrigan
St. Louis Post-Dispatch
Sunday, Dec. 17 2006

http://www.stltoday.com/stltoday/news/columnists.nsf/kevinhorrigan/story...

The child snuggled on my lap, the lights of the tree twinkling in her bright eyes. "Grandpa," she said, "tell me a Christmas story."

The one about the baby in the manger, the angels, and the shepherds?

"Not that one."

Honest accounting would raise U.S. budget deficit by 81%

Section:

By Martin Crutsinger
Associated Press
via San Jose (Calif.) Mercury News
Friday, December 15, 2006

http://www.mercurynews.com/mld/mercurynews/business/financial_markets/16...

WASHINGTON -- The federal deficit for 2006 would have been 81 percent higher than the $247.7 billion that was reported two months ago if the government had to use the same accounting methods as private companies.

Two Internet radio interviews for GATA Chairman Murphy

Section:

8:37p ET Saturday, December 16, 2006

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy was interviewed today on Jim Puplava's "Financial Sense Newshour." You can listen to it in the third hour segment here:

http://www.netcastdaily.com/fsnewshour.htm

Murphy was also interviewed yesterday by the Christian Financial Radio Network, and you can listen to it here:

http://podcast.streetiq.com/streetiq?ChannelID=3132&GUID=684168&Page=Med...

Weak dollar has mixed results for U.S. businesses

Section:

By Ashley M. Heher
Associated Press
via Journal Gazette and Times-Courier
Mattoon, Illinois
Friday, December 15, 2006

http://www.jg-tc.com/articles/2006/12/16/ap-state-il/d8m1dgr80.txt

CHICAGO -- A weakened U.S. dollar used to mean big money for domestic manufacturers such as Draper Inc.

Not anymore.

As late as 2004 employees at the Spiceland, Ind.-based company would study European currency shifts weekly. A weak dollar, which makes the company's blinds and projection screens cheaper for overseas customers, once led to a 40 percent boost in demand for its exports.

Barrick may bid for Freeport, CIBC research note says

Section:

Barrick Gold May Bid
for Freeport-McMoRan,
CIBC Says

By Rob Delaney
Bloomberg News Service
Friday, December 15, 2006

http://www.bloomberg.com/apps/news?pid=20601082&sid=abYbt22t6fsk

TORONTO -- Barrick Gold Corp., the world's biggest gold producer, may make a bid for Freeport-McMoRan Copper & Gold Inc. to boost reserves and lower operating costs, CIBC World Markets Inc. said in a research note.

MineWeb covers Blanchard report on need to disclose central bank gold lending

Section:

8:55a ET Friday, December 15, 2006

Dear Friend of GATA and Gold:

MineWeb's Dorothy Kosich has written an excellent story about the Blanchard report on the need for transparency and accountability in central bank gold lending. You can find it here:

http://www.mineweb.net/gold_silver/522719.htm

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

* * *

Join GATA