Oil producers shifting out of dollar


By Haig Simonian, Javier Blas, and Carola Hoyos
Financial Times, London
Sunday, December 10, 2006


Oil-producing countries have reduced their exposure to the dollar to the lowest level in two years and shifted oil income into euros, yen, and sterling, according to new data from the Bank for International Settlements.

Iran's parliament said to favor switching from dollars to euros


From Islamic Republic News Agency
Saturday, December 9, 2006


The Islamic Consultative Assembly (Majlis) is agreable to replacing the US dollar with the euro in Iranian foreign transactions, a member of the Majlis Planning and Budget Commission, Morteza Tamaddon, said Saturday.

Speaking to IRNA, the MP said the move is part of Iran's general policy toward the West, as dependence on the US currency would have negative consequences for Iran in the long term.

Dollar may rise even as U.S. economy weakens, research firm says


Dollar may gain even with US hard landing: Lombard

By Steven C. Johnson
Friday, December 8, 2006


NEW YORK -- The dollar will rise in 2007 even as the U.S. economy slows sharply, a top U.K. research firm said on Friday, as Asian central banks continue buying greenbacks to keep their currencies down and their exports competitive.

Islamic derivatives: What would Mohammad do?


Commodities and Islam
the Start of Something Big

By Mark Bendeich
Friday, December 8, 2006


KUALA LUMPUR, Malaysia -- Global trade in commodities is booming, and not just because China is hungry for resources. Pious Muslims, too, are keeping commodity markets busy.

Leading Asian economist urges joint action on dollar


12:32p ET Friday, Decmeber 8, 2006

Dear Friend of GATA and Gold:

An abbreviated version of the story appended here was dispatched to you a few hours ago and it was without full attribution to The New York Times.

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

* * *

Leading Asian Economist
Urges Joint Action on Dollar

By Keith Bradsher
The New York Times

In glitter and glory, the Rock of All Ages


11:20p ET Thursday, December 7, 2006

Dear Friend of GATA and Gold:

Your secretary/treasurer yesterday got to spend a little time -- not a tenth as much as he would have liked -- at the exhibition on gold that has just opened at the American Museum of Natural History in New York City. It is goldbug heaven, but, much more than that, it convincingly demonstrates gold's enduring and unique utility and power. If you're in the New York area, it shouldn't be missed. If you're not in the New York area, it is well worth a trip, considering that you have until August to see it.

Gold is magnificent at the museum but it is no museum piece


Remarks by Chris Powell
Gold Anti-Trust Action Committee Inc.

Educators' Evening -- Gold Exhibition
American Museum of Natural History
79th Street at Central Park West
New York, New York
Wednesday, December 6, 2006

Asian Development Bank official urges management of dollar's fall


By Keith Bradsher
International Herald Tribune, Paris
Thursday, December 7, 2006


HONG KONG -- A senior Asian Development Bank official predicted Thursday that the dollar was likely to decline further and called for East Asian countries to make sure that their currencies appreciate in unison -- and do not start swinging sharply in value relative to one another.

IMF said ready to propose proper accounting for central bank gold


5:30p ET Thursday, December 7, 2006

Dear Friend of GATA and Gold:

Neal Ryan, research director for New Orleans coin and bullion dealer Blanchard & Co., plaintiff in the heroic and rather successful gold price-rigging lawsuit against Barrick Gold, reports in an interview today with TheStreet.com that the International Monetary Fund is about to propose proper and transparent accounting practices for leased and swapped central bank gold.

Asian currencies rise as China says dollar may fall


Asian Currencies Advance
After China Says
Dollar May Decline

By Jake Lee and Yumi Teso
Bloomberg News Service
Thursday, December 7, 2006


Asian currencies advanced after China's central bank published an October report predicting the U.S. dollar may weaken and fund managers will sell dollar- denominated assets.