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Daily Dispatches
James Turk: A commodity bull market update
Submitted by cpowell on Sat, 2006-07-08 14:03 Section: Daily Dispatches1:09p ET Saturday, July 8, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has reviewed his chart of commodity prices and finds only evidence of strong inflation. Turk figures that commodity prices have another doubling ahead. His analysis, "A Commodity Bull Market Update," has been posted at Kitco here:
China believed to be acquiring gold slowly and secretly
Submitted by cpowell on Sat, 2006-07-08 14:01 Section: Daily DispatchesChinese Reserve Diversification Buzz Grows Louder
By Alan Wheatley and Kevin Yao
Reuters
Thursday, July 6, 2006
http://today.reuters.com/news/newsArticle.aspx?type=reutersEdge&storyID=...
BEIJING -- The opening of an office in Shanghai to help manage China's foreign exchange reserves could accelerate its long-awaited diversification into assets such as gold and overseas equities, economists said on Tuesday.
Ted Butler: The road ahead
Submitted by cpowell on Sat, 2006-07-08 13:53 Section: Daily Dispatches11:47p ET Wednesday, July 5, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler reports that the U.S. Commodity Futures Trading Commission has taken action against manipulation in a market whose concentration is no worse than the concentration in the silver market -- propane. So when comes the action against the manipulation of the silver market? Butler doesn't advise holding your breath -- he advises some active complaining.
Arabian Business magazine cites GATA's work
Submitted by cpowell on Sat, 2006-07-08 13:49 Section: Daily Dispatches11p ET Wednesday, July 5, 2006
Dear Friend of GATA and Gold:
The essay appended here was published Sunday in the magazine Arabian Business, a regional publication based in Dubai, and incorporated research by Adrian Douglas, a gold market analyst and frequent contributor to GATA Chairman Bill Murphy's subscription Internet site, LeMetropoleCafe.com.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Gold shines on UAE's plan to switch out of dollars
Submitted by cpowell on Sat, 2006-07-08 13:35 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, July 4, 2006
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/07/04/cngold...
Gold has surged to a six-week high of $625 an ounce after the United Arab Emirates revealed plans to invest 10 percent of its foreign reserves in bullion, suggesting a strategic shift away from dollars by the oil-rich sheikdoms of the Gulf.
UAE central bank would buy dips in gold and euro
Submitted by cpowell on Sat, 2006-07-08 13:28 Section: Daily DispatchesFrom 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
Submitted by cpowell on Sun, 2006-07-02 14:59 Section: Daily DispatchesBy 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
Submitted by cpowell on Sun, 2006-07-02 14:58 Section: Daily DispatchesProspector 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?
Submitted by cpowell on Sun, 2006-07-02 14:57 Section: Daily Dispatches9:34a 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
Submitted by cpowell on Thu, 2006-06-29 23:12 Section: Daily DispatchesBy 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
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