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Daily Dispatches
IMF gold trading rules changes are set to boost gold price
Submitted by cpowell on Sun, 2007-01-28 12:33 Section: Daily DispatchesFrom AMEInfo.com, Dubai
Sunday, January 28, 2007
http://www.ameinfo.com/108894.html
The International Monetary Fund is in the process of revising the laws that govern the trading of gold by the world's central banks, which will radically change the ability of central bankers to suppress the gold price, a major factor depressing the price of the yellow metal that has been an open secret for years.
Jason Hommel reports on silver, Vancouver, and GATA
Submitted by cpowell on Sat, 2007-01-27 20:14 Section: Daily Dispatches8:10p ET Saturday, January 27, 2007
Dear Friend of GATA and Gold:
Silver Stock Report editor Jason Hommel reports on silver, particular silver mining companies, the Vancouver conference, and GATA's growing acceptance. You can find Hommel's commentary at the Silver Stock Report site here:
http://silverstockreport.com/2007/review.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Malaysia shifts away from dollar, prime minister says
Submitted by cpowell on Sat, 2007-01-27 11:26 Section: Daily DispatchesBy John Fraher and Adrian Cox
Bloomberg News Service
Saturday, January 27, 2007
http://www.bloomberg.com/apps/news?pid=20601170&sid=avaFUiaR9Dpo&refer=home
Malaysian Prime Minister Abdullah Ahmad Badawi said his country has shifted some of its $82 billion of currency reserves away from the dollar and that potential foreign-exchange volatility may hurt exporters.
"We're concerned for the reason that the high percentage of our international trade is in U.S. dollars," Abdullah said today in an interview in Davos, Switzerland at the annual meeting of the World Economic Forum. When asked whether Malaysia will cut its dollar holdings, he said: "We have already. We'll continue to watch the situation."
MineWeb notes pro-gold speech by Royal Bank's Fell
Submitted by cpowell on Fri, 2007-01-26 11:22 Section: Daily Dispatches11:15a ET Friday, January 26, 2007
Dear Friend of GATA and Gold:
Lawrence Williams writes today at MineWeb:
"A couple of things over the past week have really struck my attention as being very significant, without seemingly exciting much general interest. The first of these was the verbatim report by GATA of a speech by a top Canadian banker. In his address to a dinner in Vancouver, Anthony Fell, chairman of RBC Capital Markets and former president of the Royal Bank of Canada, climbed into the state of currencies worldwide and put forward the place of gold as the safe haven against currency collapse in a big way.
Gulf states seen shifting away from U.S. assets
Submitted by cpowell on Thu, 2007-01-25 11:03 Section: Daily DispatchesBy Natsuko Waki
Reuters
Thursday, January 25, 2007
http://today.reuters.com/news/articlenews.aspx?type=reutersEdge&storyID=...
LONDON -- Oil-rich Gulf Arab estates are seen shifting their assets away from the United States, and Qatar is keen on customer states including Asia and Europe as destinations, the country's financial regulator says.
Gold Fields closes Western Areas hedge book
Submitted by cpowell on Thu, 2007-01-25 10:54 Section: Daily DispatchesCompany Press Release
Thursday, January 25, 2007
http://www.fin24.co.za/articles/displaysens.asp?articleid=354316&Ticker=
JOHANNESBURG -- Gold Fields Limited is pleased to announce that the Western Areas hedge book has been terminated.
The hedge book was terminated at an average spot gold price of US$622.14/oz and a total cost of US$528 million.
Gold Fields inherited the Western Areas hedge book when it took control of Western Areas in December 2006. The hedge book had a maturity profile from December 2006 to December 2014 and consisted of options, with a delta of 1,005,000 gold ounces, and deferred premiums.
Doug Hornig: The gold price-fixing conspiracy
Submitted by cpowell on Thu, 2007-01-25 10:46 Section: Daily Dispatches10:42a ET Thursday, January 25, 2007
Dear Friend of GATA and Gold:
Doug Casey's International Speculator recently put reporter Doug Hornig to work on a story about GATA and the central bank campaign to suppress the price of gold. Today the story was posted at GoldSeek, and it seems to be the most comprehensive journalistic examination of the issue yet, for which GATA is profoundly grateful. It's titled "The Gold Price-Fixing Conspiracy" and you can find it here:
Gold Rush 21 DVD promotion posted at YouTube
Submitted by cpowell on Wed, 2007-01-24 23:04 Section: Daily Dispatches11p ET Wednesday, January 24, 2007
Dear Friend of GATA and Gold:
The 2-minute, 41-second video promoting sales of the DVD of GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, Canada, in August 2005 has been posted at YouTube so that it can be more widely viewed and shared around the world. You can find it here:
http://www.youtube.com/watch?v=ha-j7fH7sAo
The DVD can be purchased with a credit card at GATA's main Internet site, www.GATA.org, and at www.GoldRush21.com.
Fed economist proposes revaluing coins before they're melted down
Submitted by cpowell on Wed, 2007-01-24 22:03 Section: Daily DispatchesYes, we have no inflation,
We have no inflation today....
* * *
Coin Shortage Could Turn
Pennies Into Nickels
By Kevin Plumberg
Reuters
Monday, January 22, 2007
http://today.reuters.com/news/articlenews.aspx?type=reutersEdge&storyID=...
NEW YORK -- Talk about pennies from heaven.
Kuwait may switch from dollar peg to currency basket
Submitted by cpowell on Wed, 2007-01-24 08:57 Section: Daily DispatchesBy John Fraher and Will McSheehy
Bloomberg News Service
Wednesday, January 24, 2007
http://quote.bloomberg.com/apps/news?pid=20601170&sid=ajeGEZzXBwfY
DAVOS, Switzerland -- Kuwait, the third-largest Arab oil producer, may abandon the dinar's peg against the dollar in favor of a basket of currencies to help minimize losses from a weakening U.S. currency.
"We might go to a basket for an interim period," Bader al-Humaidhi, Kuwait's finance minister, told reporters at the World Economic Forum in Davos, Switzerland, today. "The dollar fell a lot against the euro last year, but if we'd been linked to a basket we wouldn't have suffered" as much.
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