Dollar eases as Paulson hits China on eve of banker meetings

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

http://www.iii.co.uk/news/?type=afxnews&articleid=5779889&subject=market...

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

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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:

Paramount Gold endorses and underwrites GATA's work

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10:18p ET Wednesday, September 13, 2006

Dear Friend of GATA and Gold:

GATA is thrilled to have just received a formal endorsement and financial support from another precious metals exploration company -- Paramount Gold Mining Corp., which has quite a number of prospective properties in Mexico and South America.

Paramount Gold's president and chief financial officer, Chris Crupi, explains it this way: "I believe the work GATA is doing is of great benefit to the gold community. I am impressed with their informative communications and feel they go a long way in keeping gold investors abreast of the most important factors influencing the precious metals

Strange ... This never happens to MorganChase and Goldman Sachs metals traders

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Citigroup Rogue Metals Trader Loses $20 Million

By Jonathan Stempel
Reuters
Wednesday, September 13, 2006

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reut...

NEW YORK -- A rogue Citigroup Inc. trader lost $20 million for the largest U.S. bank by hiding more than $300 million of gold and silver contracts and reporting fake prices, the New York Stock Exchange's regulatory unit said.

James Turk: History repeats for gold and silver with another bull-market correction

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8:13a ET Wednesday, September 13, 2006

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, consultant to GATA and editor of the Freemarket Gold & Money Report, argues in new analysis posted today at GoldMoney.com that the recent smashing of gold and silver has been the same sort of cartel-assisted, bull-market correction the metals endured in June and that the metals are now "exceptionally good value." You can find Turk's analysis, headlined "History Repeats," in the "Founder's Commentary" box at the top left of the GoldMoney home page here:

Corrected version of Grandich Letter's special alert

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7:37p ET Tuesday, September 12, 2006

Dear Friend of GATA and Gold:

There are have been some fixes to the graphics in today's special alert of the Grandich Letter. You can find a corrected version of the letter at the Grandich Internet site here:

http://www.grandich.com/docs/alertGL_09-12-06.pdf

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

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Join GATA

Peter Grandich: Special alert -- A realist's view

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4:42p ET Tuesday, September 12, 2006

Dear Friend of GATA and Gold:

Peter Grandich's letter issued today -- "Special Alert -- A Realist's View" -- is a comprehensive analysis of the metals markets and includes a long section endorsing GATA's work and describing the probability of market manipulation. Grandich's continuing support of GATA has been of the greatest importance and we're deeply grateful for it. He will join GATA as a speaker at both the Toronto Resource Investment Conference and the New Orleans Investment Conference, which are cited below.

What happened in Vegas should NOT stay in Vegas

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2:16p ET Tuesday, September 12, 2006

Dear Friend of GATA and Gold:

One of GATA's first supporters in the coin and bullion business, Dr. Fred Goldstein of Swiss America Trading Corp. in Phoenix, attended the recent hard assets investment conference in Las Vegas and his comments about it are appended, along with an essay by Swiss America's Craig R. Smith.

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

Whoever has been selling gold, the powerful are not omnipotent

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11:30a ET Tuesday, September 12, 2006

Dear Friend of GATA and Gold:

This essay by Mike Kosares, proprietor of Centennial Precious Metals in Denver and host of the wonderful forum at the firm's Internet site, www.USAGold.com, is adapted from a couple of his posts there yesterday and today.

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

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By Mike Kosares

IMF worries that FX markets might develop, escaping central bank control

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IMF Identifies Risk of 'Disorderly' U.S. Dollar Drop

By Mark Drajem and Shamim Adam
Bloomberg News Service
Tuesday, September 12, 2006

http://quote.bloomberg.com/apps/news?pid=20601087&sid=aYXu7ScpRXC4

A "disorderly" drop in the dollar is the biggest risk to world financial markets, the International Monetary Fund said, urging policy makers to prepare and act quickly when asset prices slump.