Daily Dispatches

Gene Arensberg's Got Gold Report: Commercials, ETF investors diverge sharply

Section:

Positive Liquity Returns
to Gold and Silver ETFs

By Gene Arensberg
ResourceInvestor.com
Sunday, February 4, 2007

HOUSTON -- An interesting divergence is setting up in the primary indicators followed closely by this report. On the one hand, the large commercial COMEX traders are taking on short positions at an exaggerated pace like they think that the dollar price of gold is about to plunge. On the other, investors in gold and silver ETFs are buying more of the metal trading vehicles than selling. A lot more. ...

China spends $800 million to buy Zambia

Section:

Chinese President Announces
$800M Investment in Zambia

From German Press Agency
via MonstersAndCritics.com
Sunday, February 4, 2007

http://news.monstersandcritics.com/asiapacific/news/article_1255422.php/...

LUSAKA, Zambia -- Chinese President Hu Jintao on Sunday announced an $800 million investment package in Zambia on the second day of a two-day visit to the southern African country where a Chinese rush on resources is the source of growing unease.

Tracking and trading market intervention is a growing industry

Section:

11:18p ET Saturday, February 3, 2007

Dear Friend of GATA and Gold:

It's wonderful to see that surreptitious U.S. government intervention in the financial markets is now taken so much for granted that more people are building mechanisms for tracking and trading it. (GATA's consultant, Michael Bolser, may have been the first with his Interventional Analysis letter, www.interventionalanalysis.com.) The latest undertaking is that of Robert D. McHugh Jr., editor of the Financial Markets Forecast & Analysis letter, whose essay, "The Plunge Protection Team Risk Indicator -- A Rally Finder," can be found at Gold-Eagle here:

China prepares to spend $200 billion to buy stuff around the world

Section:

By Zhou Jiangong
Asia Times, Hong Kong
Saturday, February 3, 2007

http://www.atimes.com/atimes/China_Business/IB03Cb08.html

SHANGHAI -- The Chinese government is taking action to implement a new policy of diversifying the disposal of the country's over US$1 trillion foreign exchange reserves that was initiated by the Central Conference on Financial Affairs three weeks ago.

The Ministry of Finance (MOF) is planning to issue yuan-denominated bonds to raise funds that will be used to "buy out" as much as $200 billion from the country's foreign reserve pool.

Somebody knows it's still money: Gold rush tears up patch of Amazon jungle

Section:

By Michael Astor
Associated Press
Saturday, February 3, 2007

http://news.yahoo.com/s/ap/20070203/ap_on_re_la_am_ca/amazon_gold_rush;_...

It's a gold rush in the Amazon jungle, driven by the Internet.

Speeding past unbroken walls of foliage, a motorboat packed with gritty prospectors veers toward the shore of the Juma river and spills its passengers into a city of black plastic lean-tos veiled by greasy smoke.

A tale of two markets, and two futures

Section:

11:58a ET Saturday, February 3, 2007

Dear Friend of GATA and Gold:

GATA's friend Mark Wallace writes:

"I think that what is instructive and lends support to GATA's hypothesis is the way gold has been advancing.

"The advances come in sudden bursts, with little opportunity to get on board. The powers that be are making sure that there is no steady advance, because that would garner widespread support from ordinary investors.

Chinese president takes his African tour to copper-rich Zambia

Section:

By the Associated Press
via International Herald Tribune, Paris
Saturday, February 3, 2007

http://www.iht.com/articles/ap/2007/02/03/africa/AF-GEN-Africa-China.php

LUSAKA, Zambia --Chinese President Hu Jintao on Saturday brought his eight-nation African tour to copper-rich Zambia, where the Asian giant's growing clout has prompted charges of exploitation and emerged as a volatile political issue.

Unconventional St. Louis money manager invests only in mining companies

Section:

By Greg Edwards
St. Louis Business Journal
Friday, February 2, 2007

http://stlouis.bizjournals.com/stlouis/stories/2007/02/05/focus1.html?b=...

Money manager Wistar Holt, who invests exclusively in companies that mine gold, shakes his head when he talks about his lonely outpost in the St. Louis investment community.

"Gold has been the top-performing sector five of the last six years, yet I don't know anyone else in St. Louis who is even recommending it," he said. "Could you imagine the commotion Wall Street would make if any other sector -- particularly the tech sector -- had that same performance?"

St. Louis Business Journal notes GATA's work

Section:

Gold Says Central Banks
Suppressed Gold Prices

By Greg Edwards
St. Louis Business Journal
Friday, February 2, 2007

http://stlouis.bizjournals.com/stlouis/stories/2007/02/05/focus2.html?b=...

Wistar Holt says he believes the price of gold has been kept artificially low by what amounts to an international price-fixing conspiracy. It's not a mainstream view, but he's not alone.

Neal Ryan's research note turns into essay at MineWeb

Section:

4:25p ET Friday, February 2, 2007

Dear Friend of GATA and Gold:

MineWeb had Blanchard & Co. research director Neal R. Ryan elaborate on his research note GATA dispatched to you yesterday. It is now an essay headlined "The Reasons Why Proposed IMF Gold Sales Won't Happen" and you can find it here:

http://www.mineweb.net/american_notes/606828.htm

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

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