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Daily Dispatches
Deal with operators completes Bolivia's oil and gas nationalization
Submitted by cpowell on Sun, 2006-10-29 10:32 Section: Daily DispatchesBy Dan Keane
Associated Press
Sunday, October 29, 2006
http://news.yahoo.com/s/ap/20061029/ap_on_re_la_am_ca/bolivia_nationaliz...
President Evo Morales completed his ambitious oil and gas nationalization plan early Sunday with the last-minute signing of contracts allowing several international companies to continue operating in Bolivia under state control.
Just after a midnight Saturday deadline to wrap up the nationalization talks, Morales joined representatives of eight companies for the signing ceremony in the capital of La Paz, achieving one of his 9-month-old government's central goals.
Top U.S. govt. accountant warns of economic disaster
Submitted by cpowell on Sat, 2006-10-28 16:43 Section: Daily DispatchesBy Matt Crenson
The Associated Press
Saturday, October 28, 2006
http://news.yahoo.com/s/ap/20061028/ap_on_go_ot/america_the_bankrupt
David M. Walker sure talks like he's running for office. "This is about the future of our country, our kids and grandkids," the comptroller general of the United States warns a packed hall at Austin's historic Driskill Hotel. "We the people have to rise up to make sure things get changed."
James Turk: The dollar weakens while gold strengthens
Submitted by cpowell on Fri, 2006-10-27 12:31 Section: Daily Dispatches12:25p ET Friday, October 27,
Dear Friend of GATA and Gold:
Goldmoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, does more technical analysis of gold and silver prices with his new essay, "The Dollar Weakens While Gold Strengthens." He suggests that gold and silver investors hold on for another couple of weeks and take a look at the world after the U.S. elections. You can find Turk's essay in the "Founder's Commentary" box at the top left of the GoldMoney home page here:
Peter Brimelow: Bulls bask, but bears and bugs regrouping
Submitted by cpowell on Thu, 2006-10-26 08:37 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch.com
Thursday, October 26, 2006
http://www.marketwatch.com/news/story/Story.aspx?guid=%7B8C8FB303%2D1702...
NEW YORK -- Don R. Hays of the respected Hays Advisory institutional service was his superbullish self Wednesday, and that's before the Dow Jones Industrial Average made a third successive record high close as the Fed again declined to tighten.
GATA holds reception at New Orleans conference Nov. 18
Submitted by cpowell on Thu, 2006-10-26 08:22 Section: Daily Dispatches8:19a ET Thursday, October 26, 2006
Dear Friend of GATA and Gold:
The Gold Anti-Trust Action Committee invites its friends to an evening reception in a historic setting during and just a few blocks from the 2006 New Orleans Investment Conference:
Saturday, November 18, 2006
7-9 p.m.
Latrobe's on Royal
403 Royal St.
New Orleans, Louisiana
Tickets: $30 per person
Complimentary beer, wine, and hors d'oeuvres
Treasury's Paulson plays with the plunge protectors
Submitted by cpowell on Thu, 2006-10-26 08:02 Section: Daily DispatchesBy John Crudele
New York Post
Thursday, October 26, 2006
http://www.nypost.com/seven/10262006/business/treasurys_paulson_plays_wi...
Pay attention!
Someone -- and I don't know who -- wants us all to know that since July Henry Paulson, the new secretary of the U.S. Treasury, has spent a lot of time on a little known Washington operation called the President's Working Group on Financial Markets.
Will defeat in Iraq herald a repeat of post-Vietnam economic ills?
Submitted by cpowell on Wed, 2006-10-25 21:33 Section: Daily DispatchesWill defeat in Iraq
herald repeat
of post-Vietnam
economic ills?
By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, October 25, 2006
http://www.telegraph.co.uk/news/main.jhtml;jsessionid=KKHZ2LKM3ILEBQFIQM...
The slow agony of American defeat in Vietnam was intertwined with almost all the economic ills of the 1970s, the decade when capitalism veered off the rails and stock markets slumped.
Jeffrey Saut: Stock market acting unnaturally, as if it's being propped up
Submitted by cpowell on Tue, 2006-10-24 21:57 Section: Daily Dispatches9:56p ET Tuesday, Ocober 24, 2006
Dear Friend of GATA and Gold:
Investment manager Jeffrey Saut of Raymond James & Associates, who went on Canada's ROB-TV on Oct. 3 to complain about the rewriting of the Goldman Sachs Commodity Index and the plunge it triggered in commodity prices (see http://www.gata.org/node/4431), has more suspicions about market manipulation. He expresses them in his new commentary, "An Eerie Stillness," appended here.
Ted Butler: The real gold/silver ratio, Part 2
Submitted by cpowell on Tue, 2006-10-24 21:14 Section: Daily Dispatches9:04p ET Tuesday, October 24, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler is the master of metal valuations, and in his latest essay, "The Real Gold/Silver Ratio, Part 2," he concludes that silver has never been scarcer and less owned in the last century than it is today. He argues that if the amount of silver owned per capita had grown to the same extent that gold ownership per capita has grown since 1900, silver's price today would be $175 per ounce.
New treasury secretary revs up Working Group on Financial Markets ...
Submitted by cpowell on Mon, 2006-10-23 22:55 Section: Daily Dispatches... and wants even less regulation.
* * *
Paulson Pulls for U.S. Markets
Treasury Chief Aims to Tweak
Rules Some Say Are Crippling
The Nation's Competitiveness
By Deborah Solomon
The Wall Street Journal
Monday, October 23, 2006
WASHINGTON -- With just two years to make his mark, new Treasury Secretary Henry Paulson is focusing much of his attention on making American financial markets more competitive.