Barrick may bid for Freeport, CIBC research note says

Section:

Barrick Gold May Bid
for Freeport-McMoRan,
CIBC Says

By Rob Delaney
Bloomberg News Service
Friday, December 15, 2006

http://www.bloomberg.com/apps/news?pid=20601082&sid=abYbt22t6fsk

TORONTO -- Barrick Gold Corp., the world's biggest gold producer, may make a bid for Freeport-McMoRan Copper & Gold Inc. to boost reserves and lower operating costs, CIBC World Markets Inc. said in a research note.

MineWeb covers Blanchard report on need to disclose central bank gold lending

Section:

8:55a ET Friday, December 15, 2006

Dear Friend of GATA and Gold:

MineWeb's Dorothy Kosich has written an excellent story about the Blanchard report on the need for transparency and accountability in central bank gold lending. You can find it here:

http://www.mineweb.net/gold_silver/522719.htm

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

* * *

Join GATA

Don't resent coin melting ban; it's a great victory for gold and silver

Section:

10p ET Thursday, December 14, 2006

Dear Friend of GATA and Gold:

People are questioning the authority of the United States Mint to ban the melting and export of U.S. coins, as the Mint today proclaimed its intent to do in regard to pennies and nickels:

http://www.gata.org/node/4609

Most of the news stories on the subject seem not to have specified this authority, and neither did the mint's own statement, appended here.

GATA's international press release to publicize Blanchard report on gold lending

Section:

GATA: Secrecy of Gold Lending
Condemned in New Study

International Press Release
via Business Wire
Thursday December 14, 2006, 8:30a ET

http://biz.yahoo.com/bw/061214/20061214005415.html?.v=1

MANCHESTER, Conn. -- (BUSINESS WIRE) -- Lending of gold by central banks depresses the price and the only possible reasons for the secrecy around it are manipulation of the gold market and the enrichment, through inside information, of the financial houses to which central banks lend their gold, a study by New Orleans coin and bullion dealer Blanchard & Co. has found.

In Beijing, U.S. delegation presses 'currency flexibility'

Section:

Paulson Plans to Press China on Currency

By Joe McDonald
Associated Press
Thursday, December 14, 2006

http://news.yahoo.com/s/ap/20061214/ap_on_bi_ge/china_us_trade

BEIJING -- U.S. Treasury Secretary Henry Paulson said Thursday he would press Beijing over market access and its currency as he and top Chinese officials opened talks amid demands by American critics for quick action on trade disputes.

U.S. mortgage delinquency rate rises sharply

Section:

Late Mortgage Payments Jump in Summer

By Jeannine Aversa
Associated Press
Wednesday, December 13, 2006

http://news.yahoo.com/s/ap/20061213/ap_on_bi_ge/late_mortgages

Late mortgage payments shot up in the third quarter as higher interest rates squeezed budgets and made it harder for homeowners -- especially those with weaker credit records -- to keep up with their monthly obligations.

No inflation? U.S. Mint would ban melting pennies, nickels

Section:

U.S. Mint Bans
Melting Pennies, Nickels

By Matin Crutsinger
Associated Press
Thursday, December 14, 2006

http://news.yahoo.com/s/ap/20061214/ap_on_bi_ge/mint_coins

Given rising metal prices, the pennies and nickels in your pocket are worth more melted down than their face value -- and that has the government worried.

U.S. Mint officials said Wednesday they were putting into place rules prohibiting the melting down of 1-cent and 5-cent coins. The rules also limit the number of coins that can be shipped out of the country.

Secrecy of central bank gold lending condemned in new study

Section:

9:37p ET Wednesday, December 13, 2006

Dear Friend of GATA and Gold:

Lending of gold by central banks depresses the price and the only possible reasons for the secrecy around it are manipulation of the gold market and the enrichment, through inside information, of the financial houses to which central banks lend their gold, a study by New Orleans coin and bullion dealer Blanchard & Co. has found.

Secrecy of central bank gold lending condemned in new study

Section:

9:37p ET Wednesday, December 13, 2006

Dear Friend of GATA and Gold:

Lending of gold by central banks depresses the price and the only possible reasons for the secrecy around it are manipulation of the gold market and the enrichment, through inside information, of the financial houses to which central banks lend their gold, a study by New Orleans coin and bullion dealer Blanchard & Co. has found.

Jeffrey Saut: Our unnatural makets and the mysterious buyers from Mars

Section:

By Jeffrey Saut
Chief Investment Strategist
Raymond James Financial Inc.
Monday, December 11, 2006

http://www.raymondjames.com/inv_strat.htm

Well, it finally happened. Last week one of my own gang called me Doctor Doom. I guess it was inevitable because in this business if you are not forecasting Dow 20,000 you are deemed a bear. However, the veiled reference to Doctor Doom and Doctor Gloom of an era gone by is not exactly appropriate. Indeed, the dynamic duo of Dr. Henry Kaufman (Doctor Doom) and Dr. Albert Wojnilower (Doctor Gloom) were the market gurus of the day in the 1970s and were predicting the end of the economic world as we knew it. Clearly that has not been our mantra, as anyone reading these missives since 1999 knows.