James Turk: The commodity 'cycle' is not over


10:51a ET Sunday, Ocober 1, 2006

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, gets out his charts to dismiss suggestions that commodities are finished. In "The Commodity 'Cycle' Is Not Over," Turk writes:

"Both gold and silver have a long way to climb before the bull market that is driving all commodities higher breathes its last breath. The reason is simple. People are exiting the dollar, and they will continue to do so until the problems adversely affecting the dollar are fixed -- and no one is taking steps to do that."

NYTimes: Change in Goldman index played role in gasoline price drop


As reported a week ago by Bill King in The King Report, redistributed by GATA:


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Change in Goldman Index Played Role in Gasoline Price Drop

By Heather Timmons
The New York Times
Saturday, September 30, 2006


LONDON, Sept. 29 -- Politics and worries about oil supplies may have caused gasoline prices to go up at the pump earlier this year, but one big investment bank quietly helped their rapid drop in recent weeks, according to some economists, traders, and analysts.

Is silver ETF preparing to clean out Comex or just divert demand?


11:36a ET Saturday, September 30, 2006

Dear Friend of GATA and Gold:

GoldSeek's companion site, SilverSeek, reports that the iShares Silver Trust exchange-traded fund operated by Barclays Global Investors, which claims to hold 104 million ounces of silver, is preparing to buy about 150 million more ounces:


That that would be about 50 million more ounces than were reported held by the Comex division of the New York Mercantile Exchange on Friday:

ROB-TV interviews Jay Taylor on mining stocks


11:21p ET Thursday, September 28, 2006

Dear Friend of GATA and Gold:

GATA's friend Jay Taylor, editor of J. Taylor's Gold and Technology Stocks letter, was interviewed about mining stocks for an hour Monday on "Market Call Tonight with Michael Hainsworth" on Canada's ROB-TV, and you can watch the show until next Monday at the ROB-TV archive here:


Jim Sinclair interviewed on gold by Bloomberg TV


9:22p ET Thursday, September 28, 2006

Dear Friend of GATA and Gold:

Our friend Jim Sinclair, chairman of Tanzanian Royalty Exploration and proprietor of JSMineSet.com, was interviewed for eight minutes Wednesday on Bloomberg Television. Among his major points:

-- Gold isn't a religion but a currency and is primarily the inverse of the U.S. dollar.

-- The dollar is at a critical level and the U.S. Exchange Stabilization Fund is likely defending it here.

Regulators urge international action on derivatives


Central banks and financial houses will work together to fix troublesome markets

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Regulators Urge Joint Action on Derivatives

By Gillian Tett and Anuj Gangahar
Financial Times, London
Wednesday, September 27, 2006


Three of the world's most powerful financial regulators have taken the unusual step of issuing a joint warning that individual nations cannot contain some of the risks posed by the explosive growth of derivatives and must collaborate across borders.

You're invited to GATA's reception during the New Orleans Investment Conference


11:47p ET Wednesday, September 27, 2006

Dear Friend of GATA and Gold:

The Gold Anti-Trust Action Committee invites its friends to an evening reception in a historic setting during and just a few blocks from the 2006 New Orleans Investment Conference:

Saturday, November 18, 2006
7-9 p.m.
Latrobe's on Royal
403 Royal St.
New Orleans, Louisiana

Tickets: $30 per person
Complimentary beer, wine, and hors d'oeuvres

Treasury irked that somebody else may be rigging markets


From Reuters
Wednesday, September 27, 2006


WASHINGTON -- U.S. financial regulators are concerned by an increase in instances of firms trying to profit from controlling a particular Treasury security, a Treasury official told a bond market group on Wednesday.

Enron CFO says banks were part of crooked schemes


By Laurel Brubaker Calkins and Thom Weidlich
Bloomberg News Service
Tuesday, September 26, 2006


Andrew Fastow, Enron Corp.'s former finance chief and architect of the fraud that led to the energy trader's bankruptcy, said company banks, including Merrill Lynch & Co. and Credit Suisse, were in on his scheme.

"In many instances, the financial transactions in which I engaged related to Enron were done with the knowledge of senior management, some of Enron's banks, and others, and were done primarily to meet Enron's financial reporting and credit-rating targets," Fastow said in a declaration filed in an investor securities-fraud case in Houston today.

Central bank rush to dishoard pushed gold down for two months ...


... but desire to sell seems to be fading.

* * *

Gold Sales Fall Well Below Limit
Set in Central Banks' Agreement

By Kevin Morrison
Financial Times, London
Wednesday, September 27, 2006


European central banks have been big sellers of gold over the past six years but this year they appear to have lost their desire to sell the metal even though gold prices have been much higher.