Bank of Tokyo sees faster advance of China's yuan

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By Min Zeng
Bloomberg News Service
Monday, September 25, 2006

http://www.bloomberg.com/apps/news?pid=20601087&sid=avsns5RqOmDY&refer=h...

China will allow the yuan to rise more than 5 percent against the dollar over the next 12 months to help cool its economy, according to Bank of Tokyo-Mitsubishi UFJ Ltd.

The yuan, which last week reached the strongest since China ended a peg to the dollar in July 2005, will appreciate to at least 7.50 per dollar within a year, said Paul Chertkow, London- based head of global currency research at Bank of Tokyo- Mitsubishi, in a research note on Sept. 22.

Another bullion fund, Central Gold-Trust, launches on Amex

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By Jon A. Nones
Resource Investor
Friday, September 22, 2006

ST. LOUIS -- After three years of trading on the Toronto Stock Exchange, Central Gold-Trust joined its sister the Central Fund of Canada on AMEX today under the symbol GTU. With gold up 2% for the week, the fund’s manager hopes to ride the positive sentiment in a new market.

"The Trust has achieved this significant milestone to broaden its market ability and will continue to soundly steward the assets entrusted to it by investors," said Stefan Spicer, president and CEO of Central Gold-Trust, in a press release.

Goldman's revision of commodity index caused plunge in gasoline prices

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From The King Report
By William J. King
Friday, September 22, 2006

http://www.mramseyking.com/thekingreport.html

In yesterday's Wall Street Journal, Section C, there is a very interesting item in the article headlined "Some Investors Lose Their Zest For Commodities." The article notes that over that past few months, commodity funds have been liquidating commodity holdings. But here's the stunner: "Consider the Goldman Sachs commodity index, one of the most popular vehicles for betting on raw materials. In July, Goldman Sachs tweaked the index's content by cutting its exposure to gasoline. Investors tracking the index had to adjust their portfolios accordingly -- which sent gasoline futures prices tumbling."

Canada's ROB-TV interviews market analyst Peter Grandich

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2:43a ET Saturday, September 23, 2006

Dear Friend of GATA and Gold:

Peter Grandich, editor of the Grandich Letter and a speaker at this weekend's Toronto Resource Investment Conference, appeared for an hour on Canada's ROB-TV Friday night and discussed influences on the gold market (mentioning GATA) and the prospects for particular mining shares. It was a meaty interview for metals investors and it will be viewable at the ROB-TV archive for a week here:

MineWeb has two reports on Silver Summit in Coeur d'Alene

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2:45p ET Friday, September 22, 2006

Dear Friend of GATA and Gold:

MineWeb's Dorothy Kosich has filed two reports from the Silver Summit in Coeur d'Alene, Idaho.

The first is headlined "Packed Idaho Conference Attests that Silver Mining Is Thriving" and can be found here:

http://www.mineweb.net/american_notes/202540.htm

The second is headlined "Silver Outlook Is Positive, Say Analysts" and can be found here:

Dubai's AMEInfo: Buy gold to hold, not to trade

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From AMEInfo, Dubai
Thursday, September 21, 2006

http://www.ameinfo.com/96992.html

Dr. Marc Faber this week told Bloomberg he is a buyer of gold at and below $580 an ounce. But traders in gold have recently suffered a mauling because central banks are manipulating the market.

The Federal Reserve wants to contain inflation to engineer an interest rate cut before the November US elections. It is as plain as the nose on your face that gold market interventions of the past couple of weeks have been organized to bleed gold traders dry.

Resource Investor: Central banks quicken pace of gold sales

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By Jon A. Nones
Resource Investor
Thursday, September 20, 2006

ST. LOUIS -- The European Central Bank reported yesterday that three central banks in the European Gold Agreement (EGA) decreased holdings by EUR 499 million ($633 million) in the week ending September 15. At today's gold prices, this totals 33 tonnes and puts Septembers gold sales at 40 tonnes so far.

"It's becoming clear that my suspicion of central bank selling is indeed a major factor behind the recent gold decline," said Peter Grandich, editor of The Grandich Letter in a note today.

James Turk: 8 things everyone should know about gold

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4:11p ET Wednesday, September 20, 2006

Dear Friend of GATA and Gold:

GoldMoney's James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has written an excellent introduction to gold, "8 Things Everyone Should Know About Gold." The essay originally appeared in a recent issue of FGMR but it really had to be shared with the world, and now it can be found in the clear at Goldprice here:

ROB-TV sponsors 'The Great Gold Debate'

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12:13a ET Wednesday, September 20, 2006

Dear Friend of GATA and Gold:

For an hour Tuesday Canada's Report on Business Television sponsored "The Great Gold Debate" between our hero, John Embry, chief investment strategist for Sprott Asset Management in Toronto; Paul van Eeden, the well-known gold market analyst and president of Cranberry Capital; and Stephen Hochberg, chief market analyst for Elliot Wave International.

James Turk: You need to know what GATA knows

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11:30a ET Tuesday, September 19, 2006

Dear Friend of GATA and Gold:

GoldMoney founder James Turk writes "You Need to Know What GATA Knows," a detailed description of the system used by governments to manipulate the gold market to restrain or suppress the price. You can find Turk's essay at Kitco here:

http://www.kitco.com/commentary/turk.htm

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