Spain says it dumped gold for more profitable bonds

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By Jonathan House
Dow Jones Newswires
via FXStreet.com
Wednesday, June 6, 2007

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=9f33774a-fd...

MADRID -- The Bank of Spain’s recent gold sales are part of a strategy to shift its reserves into more profitable fixed-income instruments, Spanish Finance Minister Pedro Solbes said Wednesday.

John Crudele: I've got a hot tip for the financial press

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By John Crudele
New York Post
Wednesday, June 6, 2007

http://www.nypost.com/seven/06052007/business/ive_got_a_hot_tip_for_the_...

Attention: Wall Street Journal, New York Times, and Barron's.
The Labor Department over-estimated job growth again.

Last Friday the department reported that 157,000 new jobs were created in May.

Ted Butler: Silver's future brightens as tech funds withdraw

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9p ET Tuesday, June 5, 2007

Dear Friend of GATA and Gold:

Neal Ryan: Gold thrives despite three months of record bank sales

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10a ET Tuesday, June 5, 2007

Dear Friend of GATA and Gold:

Today's Blanchard Economic Research note by Neal Ryan reports that no three months have recorded as much central bank gold dishoarding as the last three months, and yet the gold price has held up well, signifying powerful demand.

James Grant: Gold joins the mainstream

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By James Grant
Forbes magazine
June 18, 2007
www.forbes.com

Once upon a time gold was the sanctuary of nonconformists, visionaries, contrarians, idolators and cranks. And the gold price moved accordingly. If stocks went up, bullion went down, and vice versa. Which is to say, as the financial theoreticians say, that gold was an uncorrelated asset.

Michael Kosares: Turning point?

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10:45p ET Monday, June 4, 2007

Dear Friend of GATA and Gold:

Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of the firm's wonderful forum at USAGold.com, has put together a summary of some recent interesting commentaries on the currency and precious metals markets. It is titled "Turning Point?" and you can find it at GoldSeek here:

James Turk: Measured in gold, stock market gains are illusory

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5:40p ET Monday, June 4, 2007

Dear Friend of GATA and Gold:

GoldMoney founder James Turk notes that recent U.S. stock market gains are illusory when measured in gold rather than the declining U.S. dollar. His commentary "What New Record?" can be found at Kitco here:

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

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

GATA sympathizers invited to lunch in Canberra on June 11

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5:25p ET Monday, June 4, 2007

Dear Friend of GATA and Gold:

To curb inflation, Syria ends dollar peg

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By Zainab Fattah and Matthew Brown
Bloomberg News Service
Monday, June 4, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahGpyu4D9xBk&refer=h...

DUBAI -- Syria became the second Middle Eastern nation in two weeks to say it will dump its currency's peg to the dollar to curb rising import costs and inflation.

Some bank other than ECB, probably Spain, was selling gold heavily

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Central Bank Gold Sales
Seen Lasting Through Summer

By Melanie Burton
Dow Jones Newswires
Monday, June 4, 2007

LONDON -- The European Central Bank said Monday that sales of gold from its foreign exchange reserves announced Friday haven't yet shown up in