India nears approval of gold ETFs


Gold ETF Guidelines to be Announced Shortly

By Press Trust of India
via The Hindu, Madras
Saturday, September 16, 2006

MUMBAI -- Market regulator SEBI is busy giving finishing touches to the long-awaited detailed guidelines on the gold exchange-traded fund (ETF), which will allow retail investors to buy and sell gold like units of mutual funds.

Hugo Salinas Price: Silver money for Mexico


9:45p ET Friday, September 15, 2006

Dear Friend of GATA and Gold:

GATA's great friend Hugo Salinas Price, president of the Mexican Civic Association for Silver, is reflecting on silver money's potential to help unify Mexico after the recent bitterly close presidential election there. Price was a speaker at GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, Canada, a year ago August, and his new essay is headlined "Silver Money for Mexico." You can find it at Gold-Eagle here:

Here's where to find Frank Barbera's market letter for Sept. 15


11:10a ET Friday, September 15, 2006

Dear Friend of GATA and Gold:

The attachment of the Frank Barbera gold market letter that I tried to send to you in the dispatch of a few minutes ago did not make it into the e-mail but it HAS been posted at GATA's Internet site here:

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

Frank Barbera's gold market letter for Sept. 14


11a ET Friday, September 15, 2006

Dear Friend of GATA and Gold:

Peter Grandich of The Grandich Letter today distributed the gold market letter of his friend Frank Barbera, whom Grandich considers an outstanding analyst and with whose analysis Grandich agrees completely. They graciously have given permission to send it along to you, so if I have made our new dispatch attachment mechanism work, it is attached as a PDF file.

FNArena's Greg Peel hurls gold derivatives and GATA at GFMS


12:30a ET Friday, September 15, 2006

Dear Friend of GATA and Gold:

Greg Peel of Australia's is an awfully quick study. His analysis of the latest gold market report from Gold Fields Mineral Services audaciously includes some comments about gold derivatives and GATA's work, things that seldom are raised in polite financial journalistic company. You can find Peel's analysis, headlined "GFMS Calls Gold at US$700 by Year-End," here:

Having gotten only 7,000 shares, Barrick extends bid for NovaGold


Barrick Gold Extends Bid for NovaGold,
Seeking to Kill NovaGold Poison Pill

By Craig Wong
Canadian Press via
Thursday, September 14, 2006

VANCOUVER -- Barrick Gold Corp. has extended its US$1.5-billion offer to buy NovaGold Resources Inc. to Sept. 29 and says it will seek a hearing at the British Columbia Securities Commission to cancel the junior gold miner's shareholder rights plan.

Russian central banker murdered after attacking insolvencies and corruption


Russian Central Banker Dies of Wounds

By Steve Gutterman
Associated Press
Wednesday, September 14, 2006

The top deputy chairman of Russia's Central Bank died Thursday, hours after being shot by unidentified assailants in an attack that officials suggested was prompted by his efforts to clean up the country's banking system.

Morgan Chase fined, censured for short-selling violations


NYSE Fines 3 Firms for Violations

From The Wall Street Journal
Thursday, September 14, 2006

NEW YORK -- NYSE Regulation Inc., the New York Stock Exchange's regulatory arm, said it fined Citigroup Inc., J.P. Morgan Chase & Co., and Wachovia Corp. a combined $3.1 million for separate violations of exchange rules.

J.P. Morgan was fined $400,000 and censured for violations of short-selling rules between 2001 and 2005. The NYSE said violations primarily involved the mismarking of orders.

Dollar eases as Paulson hits China on eve of banker meetings


By AFX News
via Interactive Investor (U.K.)
Wednesday, September 13, 2006

LONDON -- The dollar slipped slightly after US Treasury Secretary Henry Paulson issued a clear warning to China to allow the yuan to appreciate to better reflect its fundamentals.

His stance suggests that the US will pursue a hard line at the upcoming G7 meetings this weekend. The last time the group of seven most industrialised nations jointly called for greater currency market flexibility, the dollar suffered hefty calls while Asian currencies edged higher. Exhorting greater flexibility is usually seen as code speak for China to allow the yuan to float freely.

John Embry: Manipulation of precious metals prices could hardly be more obvious


11:23p ET Wednesday, September 13, 2006

Dear Friend of GATA and Gold:

After the recent drubbing of the precious metals, what the gold and silver world most needs right now is a tall order of John Embry.

Coming right up, courtesty of Investor's Digest of Canada, which has just published his most recent essay, "Manipulation of Gold's Price Obvious When It Falls in Stunningly Bullish Situation." You can find it at the Sprott Asset Management site here: