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Daily Dispatches

UAE central bank would buy dips in gold and euro

Section: Daily Dispatches

From AMEInfo, Dubai
Monday, July 3, 2006

http://www.ameinfo.com/90460.html

The United Arab Emirates Central Bank governor this week gave his strongest hint yet that the emirates will shortly enter the gold market and also purchase euros as a diversification of the national currency reserves presently held in US dollars. With the US dollar ripe for devaluation this seems a timely initiative.

Pennies soon may be a thing of the past -- nickels too

Section: Daily Dispatches

By Jeff Donn
Associated Press
Sunday, July 2, 2006

http://news.yahoo.com/s/ap/20060702/ap_on_re_us/poor_penny

PLYMOUTH, Massachusetts -- In this village settled by thrifty
Pilgrims, you can still buy penny candy for a penny, but tourist
Alan Ferguson doubts he'll be able to dig any 1-cent pieces out of
his pockets.

He rarely carries pennies because "they take up a lot of room for

No wonder they invented central banking; it's a lot easier

Section: Daily Dispatches

Prospector Rescued from Yukon River

By Tim Mowry
Fairbanks (Alaska) Daily News-Miner
Saturday, July 1, 2006

http://www.news-miner.com/Stories/0,1413,113~7244~3341450,00.html

A Fairbanks man and his dog were rescued Wednesday
after spending two days holed up in a cabin along the
Yukon River eating fried dough and rhubarb after his
boat sank while he was prospecting for gold.

Myron Chamblee, 42, was picked up by helicopter

James Turk: What correction?

Section: Daily Dispatches

9:34a ET Sunday, July 2, 2006

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the
Freemarket Gold & Money Report and consultant
to GATA, has taken out his month-end gold and
silver charts over this long holiday weekend
in the United States and concludes that the
trend remains the friend of both metals. Turk's
analysis is headlined "What Correction?" and
you can find it in the "Founder's Commentary"

No mention of 'strong dollar' policy from new Treasury secretary

Section: Daily Dispatches

By Jamie McGeever
Reuters
Thursday, June 29, 2006

http://today.reuters.com/business/newsArticle.aspx?type=ousiv&storyID=20...\
T195828Z_01_N29206701_RTRIDST_0_BUSINESSPRO-ECONOMY-DOLLAR-PAULSON-DC.XML

NEW YORK -- With an increasing focus on transparency
in financial markets, what policy-makers don't say is
often more telling than what they do.

When U.S. Treasury Secretary Henry Paulson failed to

Nymex wants to replace real metal with paper gold in China

Section: Daily Dispatches

Nymex wants to replace real metal with paper gold in China

By Helen Sun
The Wall Street Journal
Thursday, June 29, 2006

BEIJING -- The New York Mercantile Exchange is hoping to begin the
trading of gold futures contracts in China, a senior official said.

Transcript of GATA Chairman Bill Murphy's interview on ROB-TV

Section: Daily Dispatches

1:32a ET Thursday, June 29, 2006

Dear Friend of GATA and Gold:

Thanks to GATA's great friend Mark Webber for the
transcript, appended here with a little editing for
clarity, of GATA Chairman Bill Murphy's interview
on "Business Morning with Michael Kane" on ROB-TV
in Canada on Wednesday.

CHRIS POWELL, Secretary/Treasurer

Now he tells us: U.S. Treasuries are actually junk, Summers says

Section: Daily Dispatches

Advice to Invest Less in U.S. Bonds

Foreigners Can Do Better, Summers Says

By Paul Blustein
Washington Post
Thursday, June 22, 2006

http://www.washingtonpost.com/wp-dyn/content/article/2006/06/21/AR2006062101740.html?sub=AR

A former U.S. Treasury secretary is advising some of the world's biggest holders of U.S. Treasury bonds that they ought to find much better ways to invest their money.

Goldman seeks stake in India's commodities and derivatives exchange

Section: Daily Dispatches

From Reuters
Thursday, June 29, 2006

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reut...

MUMBAI -- Investment bank Goldman Sachs is in talks to buy up to 10 percent of India's National Commodity & Derivatives Exchange, a source close to the development said on Thursday.

"The negotiations are in an advanced stage. I would not be surprised if a formal announcement of the deal comes out in the next 48 hours," he said. "ICICI would be selling between 5-10 percent."

That'll freak the Fed: 7 more miners to pay for fashion ads

Section: Daily Dispatches

World Gold Council Welcomes 7 New Members

WGC Press Release
Wednesday, June 28, 2006

http://www.gold.org/pr_archive/pdf/new_members_pr_280606.pdf

The World Gold Council (WGC), the marketing
organisation funded by the world's leading gold mining

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