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Daily Dispatches
GoldMoney's Turk, Resource Investor's Arensberg see upward turn for gold
Submitted by cpowell on Mon, 2007-01-15 09:03 Section: Daily Dispatches9a ET Monday, January 15, 2007
Dear Friend of GATA and Gold:
GoldMoney founder James Turk and Resource Investor's Gene Arensberg today offered technical analysis to suggest that gold and silver are resuming their climb.
Turk, editor of the Freemarket Gold & Money Report and consultant to power, titles his analysis "It's Looking More Like a Major Turning Point." It can be found in the "Founder's Commentary" box at the top left of the GoldMoney home page here:
Euro continues to displace dollar in bond markets
Submitted by cpowell on Sun, 2007-01-14 21:35 Section: Daily DispatchesBy David Oakley and Gillian Tett
Financial Times, London
Sunday, January 14, 2007
http://www.ft.com/cms/s/572b41a6-a414-11db-bec4-0000779e2340.html
The euro has displaced the US dollar as the world's pre-eminent currency in international bond markets, having outstripped the dollar-denominated market for the second year in a row.
The data consolidate news last month that the value of euro notes in circulation had overtaken the dollar for the first time. Outstanding debt issued in the euro was worth the equivalent of $4,836 billion at the end of 2006 compared with $3,892 billion for the dollar, according to International Capital Market Association data.
Chavez says private firms can hold minority shares in Venezuelan oilfields
Submitted by cpowell on Sun, 2007-01-14 20:25 Section: Daily DispatchesBy Natalie Obiko Pearson
Associated Press
Saturday, January 13, 2007
http://news.yahoo.com/s/ap/20070113/ap_on_bi_ge/venezuela_oil
Venezuelan President Hugo Chavez said Saturday his government will allow private companies to own minority stakes in lucrative Orinoco River basin oil projects that Venezuela plans to nationalize.
Chavez announced plans earlier this week for the state to take control of the country's largest telecommunications company, its electricity and natural gas sectors and four heavy crude upgrading projects now controlled by some of the world's top oil companies.
Nationalization in Latin America may not be expropriation
Submitted by cpowell on Sun, 2007-01-14 13:31 Section: Daily DispatchesBy Frank Bajak
Associated Press
Saturday, January 13, 2007
http://news.yahoo.com/s/ap/20070114/ap_on_bi_ge/latam_nationalizations
Hugo Chavez loves incendiary rhetoric and risk-averse investors understandably rushed to sell shares in Venezuela's biggest telecommunications and power companies after he announced this week that he would nationalize them.
But it later emerged that the Venezuelan president -- whose "21st-century socialism" has managed to co-exist with a vibrant private sector -- is disposed to pay fair market prices for the two utilities.
Central banks may put more reserves into equities, less into bonds
Submitted by cpowell on Sun, 2007-01-14 11:10 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, January 9, 2007
http://today.reuters.com/news/articlenews.aspx?type=reutersEdge&storyID=...
LONDON -- Central banks around the world are looking to invest more of their $4.75 trillion foreign exchange reserves in equities at the expense of bonds, but the implications for currencies are far from clear.
Mere celebrities get more gold in their medals than real heroes do
Submitted by cpowell on Sun, 2007-01-14 11:00 Section: Daily DispatchesBy Johanna Neuman
Los Angeles Times
Saturday, January 13, 2007
http://www.latimes.com/news/nationworld/nation/la-na-medal13jan13,1,5728...
WASHINGTON -- One day after President Bush awarded the coveted Medal of Honor to the family of a Marine who died after throwing his helmet and his body on a grenade in Iraq, a California congressman introduced a bill to require the Pentagon to put more real gold in the medal.
Bahrain rejects change in currency's dollar peg
Submitted by cpowell on Sun, 2007-01-14 10:45 Section: Daily DispatchesFrom Reuters
via Khaleej Times, Dubai
Sunday, January 14, 2007
http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/business/20...
MANAMA, Bahrain -- Bahrain will not change its policy on pegging the dinar currency to the US dollar, the central bank governor said on Sunday after the United Arab Emirates raised the prospect of a region-wide revaluation.
Ron Paul to seek Republican presidential nomination
Submitted by cpowell on Fri, 2007-01-12 11:19 Section: Daily DispatchesBy Joe Stinebaker
Associated Press
Thursday, January 11, 2007
http://news.yahoo.com/s/ap/20070111/ap_on_el_pr/paul2008_1
U.S. Rep. Ron Paul, the iconoclastic, nine-term lawmaker from southeast Texas, took the first step Thursday toward a second, quixotic presidential bid -- this time as a Republican.
Paul filed papers in Texas to create a presidential exploratory committee that will allow him to raise money. In 1988 Paul was the Libertarian nominee for president and received more than 400,000 votes.
Western Australia's GATA sympathizers meet for lunch Jan. 22 in Perth
Submitted by cpowell on Thu, 2007-01-11 20:02 Section: Daily Dispatches7:43p ET Thursday, January 11, 2007
Dear Friend of GATA and Gold:
Gold and GATA sympathizers in Western Australia are invited to the second local GATA lunch -- to be held at noon Monday, January 22, at the Subiaco Hotel at the corner of Hay Street and Rokeby Road in Perth. It is being organized by David Evans (david.evans@sciencespeak.com) and he'll post a "GATA" sign near the hotel entrance to make it easy to find our group. RSVPs are helpful but not crucial.
Gulf Arabs reconsider their currency pegs to dollar
Submitted by cpowell on Thu, 2007-01-11 17:10 Section: Daily DispatchesBy Will Rasmussen
Reuters
Thursday, January 11, 2007
http://in.today.reuters.com/News/newsArticle.aspx?type=businessNews&stor...
ABU DHABI -- Gulf Arab oil producers are reviewing currency pegs to the falling dollar and could decide as early as March whether to keep or change their exchange rate regime, the United Arab Emirates central bank said on Thursday.
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