Venezuela's nationalization fast but with compensation

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By Brian Ellsworth
Reuters
via Yahoo News
Tuesday, February 13, 2007

http://news.yahoo.com/s/nm/20070214/wl_nm/venezuela_nationalizations_dc

CARACAS -- Venezuelan President Hugo Chavez is setting a faster than expected pace in his nationalization drive toward self-styled socialism, striking three takeover deals that push out U.S. firms in about a month.

Chavez, an ally of Cuba who is vehemently opposed to what he sees as U.S. imperialism, is boosting state involvement in Venezuela, the No. 4 supplier of oil to the United States, as he consolidates power after a landslide re-election last year.

Russia entices Qatar for natural gas cartel

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By Donna Abu-Nasr and Jim Krane
Associated Press
via Yahoo News
Monday, February 12, 2007

http://news.yahoo.com/s/ap/20070212/ap_on_bi_ge/mideast_russia;_ylt=AsdM...

RIYADH, Saudi Arabia -- Russian President Vladimir Putin appeared to find quick success on a historic Mideast tour that saw the leader of energy-rich Russia forging oil diplomacy in Saudi Arabia and backing a natural gas cartel Monday with neighboring Qatar.

Ted Butler: Time frames

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3:24p ET Monday, February 12, 2007

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler analyzes the commitment of traders report for the gold and silver futures markets and gets the feeling that the dealers, who are short, are again about to scalp the technical funds, which are long, sending gold and silver spiking down to wonderful new buy points in their steady ascents. You can find Butler's analysis, "Time Frames," at GoldSeek's companion site, SilverSeek, here:

James Turk: Gold pulling away from $600

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8:38a ET Monday, February 12, 2007

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, writes that gold's low of $604.90 on January 5 appears to have been a "selling climax" and that gold now is pulling away from $600 for good. Turk writes that silver is showing even more strength. You can find his analysis and some great charts in his "Founder's Commentary," headlined "Pulling Away from $600," at the top left of the GoldMoney home page here:

Gene Arensberg's 'Got Gold Report' at Resource Investor

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9p ET Sunday, February 11, 2007

Dear Friend of GATA and Gold:

Resource Investor is out with Gene Arensberg's latest "Got Gold Report," which notes last week's divergence between gold and silver (up nicely) and the gold and silver mining shares (asleep to down). Either the metals themselves or their shares are wrong, Arensberg says. You can find his analysis, "Gold, Silver Thrust Higher," here:

Bloomberg columnist may not know as much about gold as he thinks

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8:38p ET Sunday, February 11, 2007

Dear Friend of GATA and Gold:

The satirical column by Bloomberg News Service's Mark Gilbert, appended here, may be important mainly for showing that Bloomberg has heard vaguely of complaints about manipulation of the gold market, which may be a start. Your secretary/treasurer has written to Gilbert tonight with a request that he look into the issue a little more. That appeal is appended as well.

MorganChase executive considered for Treasury's international job

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From Reuters
via Yahoo News
Friday, February 9, 2007

http://news.yahoo.com/s/nm/20070209/bs_nm/usa_economy_treasury_ryan_dc;_...

The Bush administration is considering T. Timothy Ryan, a former top financial regulator who is now with JPMorgan Chase, to become Treasury's point person on international affairs, two sources familiar with the matter said on Friday.

Qatar will keep riyal's peg to dollar

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http://www.gulfnews.com/business/Commerce/10103644.html

From Reuters
via Gulf News, Dubai
Monday, February 12, 2007

DOHA, Qatar -- Qatar will not change the riyal's peg to the falling US dollar and sees property prices rather than import costs as the main driver of inflation, the finance minister said yesterday.

Qatar, Saudi Arabia, and four other Gulf Arab states have pegged exchange rates to the dollar to prepare for monetary union in the world's biggest oil-exporting region.

G7 asks finance ministers to talk with hedge fund managers

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By Bertrand Benoit and Ralph Atkins
Financial Times, London
via Yahoo News
Sunday, February 11, 2007

http://news.yahoo.com/s/ft/20070211/bs_ft/fto021120071135464206

ESSEN, Germany -- Fast growth in the global hedge fund industry requires a "vigilant" stance by governments and central banks, the G7 summit in Essen concluded.

Germany won support -- including from the US and UK -- at the summit for a package of proposals intended to encourage greater transparency in the trillion-dollar hedge fund industry, without calling into question its economic benefits. "Whenever something is growing as quickly as this, it bears looking at," said Hank Paulson, US treasury secretary.

Markets can handle hedge funds by themselves, treasury secretary tells G7

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By The Associated Press
via Yahoo News
Saturday, February 10, 2007

http://news.yahoo.com/s/nm/20070210/bs_nm/g7_usa_dc;_ylt=At5TkVdDjIVh0jE...

ESSEN, Germany -- U.S. Treasury Secretary Henry Paulson made clear on Saturday that he thinks any risks posed by lightly regulated hedge funds can be handled through market discipline without adding heavy government regulators.

"Market discipline, focusing on the risk management of regulated counterparties, is the most effective way to address potential systemic risk concerns," Paulson told a news conference at the close of a two-day Group of Seven finance minister's meeting in the German industrial city of Essen.