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Daily Dispatches
Russian bank thinks it gains prestige by selling 2% to MorganChase
Submitted by cpowell on Mon, 2006-08-21 15:36 Section: Daily DispatchesIt may be the camel's nose under the tent, except that the camel smells better.
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JPMorgan Buys 2% of Bank of Moscow
From Reuters
Monday, August 21, 2006
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reut...
MOSCOW -- JPMorgan said on Monday it had bought a 2 percent stake in Bank of Moscow, Russia's fourth-largest bank by assets, in an investment it had flagged in June.
India to slash duties on scrap and raw gold imports
Submitted by cpowell on Sat, 2006-08-19 12:10 Section: Daily DispatchesBy Sangita Shah
Financial Express, Mumbai
Friday, August 18, 2006
http://www.financialexpress.com/fe_full_story.php?content_id=137730
The government is soon likely to relax scrap and raw gold import norms, paving the way for greater and cheaper imports of the precious metal into the world's largest gold- consuming country.
Sources close to the Reserve Bank of India stated that the concerns regarding raw gold, which will be imported by classifying it under brass imports, have been resolved. "The government is likely to announce reduction in import duty on raw gold to bring it on par with pure gold," the industry veteran added.
Sprott raises stake in NovaGold; Barrick confident of keeping Donlin Creek
Submitted by cpowell on Fri, 2006-08-18 00:29 Section: Daily Dispatches12:19a ET Friday, August 18, 2006
Dear Friend of GATA and Gold:
Sprott Asset Management Inc. of Toronto reported to the U.S. Securities and Exchange Commission this week that it has acquired another 421,800 shares of NovaGold, worth about $7 million, and raised its percentage of ownership of the company from 4.65 percent to more than 5 percent:
http://www.sec.gov/Archives/edgar/data/1173420/000127700606000040/000127...
Nickel soars, prompting metal exchange to impose trading limits
Submitted by cpowell on Wed, 2006-08-16 16:53 Section: Daily DispatchesBy Matthew Craze
Bloomberg News Service
Wednesday, August 16, 2006
http://www.bloomberg.com/apps/news?pid=20601087&sid=asYC7.TrNQd8&refer=home
LONDON -- Nickel prices climbed to the highest since at least 1987 as stockpiles dwindled, forcing the London Metal Exchange to impose trading restrictions for the first time in a year.
After nickel surpassed $29,000 a metric ton, twice its level at the start of this year, the LME ordered for delivery rules to be suspended because of shortage of the metal. Inventories have plunged 83 percent in the past year.
Join GATA at the New Orleans Investment Conference in November
Submitted by cpowell on Tue, 2006-08-15 18:34 Section: Daily Dispatches6:20p ET Tuesday, August 15, 2006
Dear Friend of GATA and Gold:
....Do you know what it means
....To miss New Orleans?
Louis Armstrong did, and GATA sure does too. Many of the contacts and friendships that got our organization going were made at the New Orleans Investment Conference, which generously (and courageously) gave us a part to play back when government intervention against the gold market was not as believed and understood as it is now.
Join GATA at the New Orleans Investment Conference in November
Submitted by cpowell on Tue, 2006-08-15 18:29 Section: Daily Dispatches6:20p ET Tuesday, August 15, 2006
Dear Friend of GATA and Gold:
....Do you know what it means
....To miss New Orleans?
Louis Armstrong did, and GATA sure does too. Many of the contacts and friendships that got our organization going were made at the New Orleans Investment Conference, which generously (and courageously) gave us a part to play back when government intervention against the gold market was not as believed and understood as it is now.
Ted Butler: Silver is a better investment than ever
Submitted by cpowell on Tue, 2006-08-15 17:50 Section: Daily Dispatches5:42p ET Tuesday, August 15, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler wrote that silver was a screaming bargain a $5 per ounce. Tonight he writes that, even above $10 per ounce, silver is a better investment than ever. His commentary explaining why is titled just that -- "Better Than Ever" -- and you can find it at GoldSeek's companion site, SilverSeek, here:
Idaho Silver Summit to hear Hommel, Embry, Morgan
Submitted by cpowell on Tue, 2006-08-15 14:42 Section: Daily Dispatches2:24p ET Tuesday, August 15, 2006
Dear Friend of GATA and Gold:
Silver Stock Report editor and GATA supporter Jason Hommel's new commentary announces the annual Silver Summit in Idaho, to be held in Coeur d'Alene on Thursday and Friday, September 21 and 22, and then about an hour away in Wallace on Saturday and Sunday, September 23 and 24. Hommel will be a speaker, as will two other great silver partisans and GATA supporters, Sprott Asset Management's chief investment strategist, John Embry, and Silver-Investor.com's Dave Morgan.
GATA dispatches via YahooGroups will end Tuesday
Submitted by cpowell on Mon, 2006-08-14 23:15 Section: Daily Dispatches11p ET Monday, August 14, 2006
Dear Friend of GATA and Gold:
After Tuesday GATA will discontinue sending its dispatches via YahooGroups and transfer all dispatch operations to our own Internet site, GATA.org.
If you are not already receiving dispatches from GATA.org -- they're the dispatches with the colorful reproduction of Alain Despert's painting titled "GATA" -- please enroll yourself on our new e-mail list by using the enrollment mechanism below the archive calendar in the right column of the GATA.org home page here:
NovaGold CEO interviewed on ROB-TV about Barrick bid
Submitted by cpowell on Mon, 2006-08-14 23:01 Section: Daily Dispatches10:51p ET Monday, August 14, 2006
Dear Friend of GATA and Gold:
NovaGold CEO Rick van Nieuwenhuyse was interviewed for five minutes this afternoon on ROB-TV in Canada and answered questions about Barrick Gold's hostile bid for the company. You can watch the interview at the ROB-TV archive for one week. It's in the Monday column at 4:40 p.m., a segment of "The Wrap" with Bruce Sellery, and you can find it here:
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