Daily Dispatches

Chavez decrees takeover of Venezuelan oil projects run by foreigners

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By Natalie Obiko Pearson
Associated Press
via Yahoo News
Monday, February 26, 2007

http://news.yahoo.com/s/ap/20070227/ap_on_re_la_am_ca/venezuela_oil_nati...

CARACAS, Venezuela -- President Hugo Chavez ordered by decree on Monday the takeover of oil projects run by foreign oil companies in Venezuela's Orinoco River region.

Are central banks preparing to prop up stocks directly?

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Central Banks Seek Riskier Assets

By Chris Giles
Financial Times, London
Monday, February 26, 2007

http://www.ft.com/cms/s/b8d61278-c53e-11db-b110-000b5df10621.html

Gold council's ETF reaches $10 billion in assets

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State Street Global Markets LLC Press Release
via Business Wire
Monday, February 26, 2007

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news...

Technical analysis likes metals; central bankers read it, and don't

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8:21a ET Monday, February 26, 2007

Dear Friend of GATA and Gold:

There's some awfully serious technical analysis of the gold and silver markets this morning:

Euro and gold look better to central banks for reserves

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By Paul Hannon
Dow Jones Newswires
via FXStreet.com
Sunday, February 25, 2007

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=05a6663e-d0...

Peter Schiff: Is the Fed finally losing its credibility?

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12:40a ET Saturday, February 24, 2007

Dear Friend of GATA and gold:

Euro-Pacific Capital's Peter Schiff speculates that the surprising strength of gold shows that the markets are calling the Federal Reserve's bluff about guarding against inflation.

In his new essay, "Is the Fed Finally Losing Its Credibility?," Schiff writes:

With gold assets scarce, Barrick will mine other metals

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Barrick Gold Looks Beyond Yellow Metal

Lisa Wright
Toronto Star
Friday, February 23, 2007

http://www.thestar.com/Business/article/184912

Nickel, copper, zinc. Silver, platinum, palladium. Even energy.

Barrick eliminates non-project hedges but still owes 9.5 million oz.

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By Dorothy Kosich
MineWeb.com
Friday, February 23, 2007

Barrick Gold announced Thursday that it has eliminated all non-project related hedge contracts but will retain 9.5 million ounces of project gold forward sales contracts. ...

Hedging to cost Barrick nearly $1 billion by mid-year

Section:

Barrick Campaign Aims
to Get a Little Respect

By Andy Hoffman
The Globe and Mail, Toronto
Friday, February 23, 2007

http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/c...

Yamana joins XAU as Kinross absorbs Bema

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Philadelphia Stock Exchange Press Release
Friday, February 23, 2007

http://www.phlx.com/news/pr2007/07pr022307.htm

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