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May 18, 2009

Gata Dispatches:"Gata board member interviewed on gold,silver

Submitted by cpowell on 07:37PM ET Monday, May 18, 2009. Section: Daily Dispatches 10:34p ET Monday, May 18, 2009Dear Friend of GATA and Gold (and Silver):GATA board member Adrian Douglas, publisher of the Market Force Analysis financial letter (http://www.MarketForceAnalysis.com), was interviewed for a half hour yesterday by TheFinancialTube.com about the gold and silver markets, and you can listen to it here:http://www.thefinancialtube.com/video/3551/Interview-with-Adrian-Douglas...CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.
* * *Help keep GATA goingGATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code.
Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.orgTo contribute to GATA, please visit:
http://www.gata.org/node/16
Contact GATAinfo@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester, Connecticut06043-7541 USA
www.gata.org

Market Watch Bulletin"Outlook lifts Asia oil shares"

To read full coverage of this report please click: http://www.marketwatch.com/

Gata Dispatches: "Brazil and China work Together tp replace dollar"

Submitted by cpowell on 07:03PM ET Monday, May 18, 2009. Section: Daily Dispatches By Jonathan WheatleyFinancial Times, LondonMonday, May 18, 2009http://www.ft.com/cms/s/0/996b1af8-43ce-11de-a9be-00144feabdc0.html?ncli...SAO PAULO, Brazil -- Brazil and China will work toward using their own currencies in trade transactions rather than the US dollar, according to Brazil's central bank and aides to Luiz Inácio Lula da Silva, Brazil's president.The move follows recent Chinese challenges to the status of the dollar as the world's leading international currency.Mr Lula da Silva, who is visiting Beijing this week, and Hu Jintao, China's president, first discussed the idea of replacing the dollar with the renminbi and the real as trade currencies when they met at the G20 summit in London last month. An official at Brazil's central bank stressed that talks were at an early stage. He also said that what was under discussion was not a currency swap of the kind China recently agreed with Argentina and which the US had agreed with several countries, including Brazil."Currency swaps are not necessarily trade-related," the official said. "The funds can be drawn down for any use. What we are talking about now is Brazil paying for Chinese goods with reals and China paying for Brazilian goods with renminbi."Henrique Meirelles and Zhou Xiaochuan, governors of the two countries' central banks, were expected to meet soon to discuss the matter, the official said. Mr Zhou recently proposed replacing the US dollar as the world's leading currency with a new international reserve currency, possibly in the form of special drawing rights (SDRs), a unit of account used by the International Monetary Fund.In an essay posted on the People's Bank of China's website, Mr Zhou said the goal would be to create a reserve currency "that is disconnected from individual nations." In September, Brazil and Argentina signed an agreement under which importers and exporters in the two countries may make and receive payments in pesos and reals, although they may also continue to use the US dollar if they prefer.An aide to Mr Lula da Silva on his visit to Beijing said the political will to enact a similar deal with China was clearly present. "Something that would have been unthinkable 10 years ago is a real possibility today," he said. "Strong currencies like the real and the renminbi are perfectly capable of being used as trade currencies, as is the case between Brazil and Argentina."In what was interpreted as a sign of Chinese concern about the future of the dollar, the governor of China's central bank proposed in March that the US dollar be replaced as the world's de-facto reserve currency. In an essay posted on the People's Bank of China's website, Zhou Xiaochuan, the central bank's governor, said the goal would be to create a reserve currency "that is disconnected from individual nations" and modelled on the International Monetary Fund's special drawing rights, or SDRs. Economists have argued that while the SDR plan is unfeasible now, bilateral deals between Beijing and its trading partners could act as pieces in a jigsaw designed to promote wider international use of the --renminbi. Any move to make the renminbi more acceptable for international trade, or to help establish it as a regional reserve currency in Asia, could enhance China's political clout around the world.
* * *Help keep GATA goingGATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code.
Its e-mail dispatches are free, and you can subscribe at:http://www.gata.org/To contribute to GATA, please visit:
http://www.gata.org/node/16
Contact GATAmailto:GATAinfo@gata.org
Gold Anti-Trust Action Committee
7 Villa Louisa RoadManchester, Connecticut06043-7541 USA
http://www.gata.org/

Welcome comments on any post

FGC BOLSA -FGC FINANCIAL MARKETS: Howard Miller's Report: From Global Bullion Trading Group:"Economic Armagedon"#links#links

FGC BOLSA -FGC FINANCIAL MARKETS: Howard Miller's Report: From Global Bullion Trading Group:"Economic Armagedon"#links#links

Fwd: New on NFA's Website



---------- Forwarded message ----------
From: NFA Notification <NFAN@nfa.futures.org>
Date: Mon, May 18, 2009 at 4:49 PM
Subject: New on NFA's Website
To: "fernandoguzman@contratosforex.info" <fernandoguzman@contratosforex.info>


New on NFA's Website


May 18, 2009
NFA added the following information to its Website in March and April 2009.

Compliance Investor Information Notices to Members Member Newsletter NFA Manual Comment Letters Petition for Rulemaking Regulatory Actions News Releases  Arbitration 
Compliance
   
User's Guide to NFA's Electronic Disclosure Document System

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Investor Information
   
Investor Newsletter - April 2009

Forex Investor Alert

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Notices to Members
   
I-09-08: Proposed Amendments to NFA's Articles of Incorporation

I-09-09: Using NFA's Electronic Disclosure Document Filing System becomes mandatory for CPOs and CTAs

I-09-10: Effective Date of NFA Requirements Regarding Forex Orders

I-09-11: Request for Information

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Member Newsletter
   
News,Facts,Actions - Spring 2009

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NFA Manual
   
Amendments to Registration Rule 504. Procedures Governing Applicants and Registrants Disqualified from Registration Under Section 8a(2), 8a(3) OR 8a(4) of the Act

Amendments to Compliance Rule 2-36. Requirements for Forex Transactions

Amendments to Compliance Rule 2-39. Soliciting, Introducing, or Managing Forex Transactions or Accounts

Amendments to Financial Requirements Section 13. Forex Dealer Member Weekly Reports

Amendments to Interpretive Notice: Forex Transactions

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Comment Letters
   
RIN 3038-AC72; Acknowledgment Letters for Customer Funds and Secured Amount Funds, 74 Fed. Reg. 7838 (February 20, 2009)

Commodity Pool Operator Periodic Account Statements and Annual Financial Reports - RIN 3038-AC38

Public Comment on the Hedge Funds Oversight: Consultation Report

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Petition for Rulemaking
   
Withdrawal of February 9, 2006 Petitions for Rulemaking

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Regulatory Actions
   
Decisions in Disciplinary Cases
Princeton Trading Advisors, et al.

Institutional Advisory Services Group

1 FX Trader LLC and David C. Arena

American Atlantic Financial Corp., John Menoutis and Thaddeus Nathaniel

Universal Commodity Corp. et al.

JMJ Capital Group LLC, Joel Garcia and Rafael Carnicer

Last Atlantis Capital Management LLC and Irwin M. Berger

I Trade FX LLC and Isaac Martinez

Final Orders in Registration Cases
Dana J. Bonik

Dale Box

Member Responsibility Actions
GlobeFX Club, Inc.

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News Releases
   
West Palm Beach introducing broker Princeton Trading Advisors withdraws from NFA membership

NFA takes an emergency enforcement action against GlobeFX Club, Inc.

Florida futures firm JMJ Capital Group LLC withdraws from NFA membership

Futures firm Last Atlantis Capital Management LLC permanently withdraws from NFA membership

National Futures Association and AARP co-sponsor financial education program during Money Smart Week

NFA fines I Trade FX LLC $250,000 for failing to implement anti-money laundering program

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Arbitration
   
Arbitrator Update - March 2009

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Howard Miller's Report: From Global Bullion Trading Group:"Economic Armagedon"

Despite smart analysis about the collapse of the USA economy not far away from now. the bet insane that that crisis has past the worst continue...Manipulation...?
FGC BOLSA

Howard Miller latest report about the markets behaviour:
Good afternoon everyone, The metals ended the day divided with Gold and Silver lower but Palladium and Platinum higher....Silver and Gold came under selling pressure at the expense of fresh risk appetite in the equities market....The Dow is presently up 165 points on an increased belief that the economic downturn has passed it's worst....This diverted capital from Silver and Gold; at least for today.....Silver ended the day 22 cent lower at $13.80.....Gold eased $8.00 to $920.00.....Palladium and platinum rose in hopes that a rebound in the economy will mean a rebound in car sales and the implied increase in demand for catalytic converters.....Palladium was up $4.00 to $232.00.......Platinum closed at $1130.00 up $18.00......The Euro recovered early session losses and is presently unchanged against the dollar at $1.3524....Remember the theory that if our economy improves the Fed will need to raise interest rates in order to prevent run away inflation....We believe that ship has already sailed when the government injected $trillions into our floundering economy...It's just a matter of time for the inflation begin surging.......Crude oil jumped on the economic hopes as well as news about a fire at a Sunoco refinery in Pennsylvania ...The refinery produces 175,000 barrels of petroleum products daily....Adding to the surge in Oil was an escalation of militant violence in oil rich Nigeria; the fourth largest OPEC oil producer.....Last on Oil $58.75 up $2.41 per barrel.....As for tomorrow the calendar resumes with a fresh look at housing with the April reading of Housing Starts and New Building Permits....I'll be back in the morning with those estimates....That's it....Have a good afternoon.....Howard

Howard Miller's Report: From Global Bullion Trading Group:"Economic Armagedon"

Subject: Gerald Celente Predicts Economic Armageddon by 2012 SEE LINK BELOW http://www.youtube.com/watch?v=Q2qDW34Fr64 COPY AND PASTE TO YOUR BROWSER THIS IS A MUST SEE! HOWARD