FGC BOLSA - FGC FINANCIAL MARKETS INFO

Only skullduggery explains falling gold price amid turmoil, Embry writes Submitted by cpowell on 09:07AM ET Tuesday, November 29, 2011. Section: Daily Dispatches 12:02p ET Tuesday, November 29, 2011 Dear Friend of GATA and Gold: Sprott Asset Management's John Embry writes in his latest column in Investor's Digest of Canada that only surreptitious market intervention can explain the collapse of gold prices since September even as the world financial system has been teetering on the brink of collapse. But Embry also notes growing awareness of the market manipulation issue, as represented by the recent acknowledgement of GATA by the Financial Times. Embry's commentary is headlined "Collapse of Gold and Silver Points to Skullduggery" and you can find it at the Sprott Internet site here: http://www.sprott.com/Docs/InvestorsDigest/2011/november-18-2011.pdf CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

European bailout fund reported to want to grab Germany's gold Submitted by cpowell on 08:32AM ET Sunday, November 6, 2011. Section: Daily Dispatches First they'd have to grab it back from the Americans. * * * Bundesbank Says Central Bank Reserves Will Not Help Fund EFSF By Harro ten Wolde Reuters Saturday, November 5, 2011 http://www.reuters.com/article/2011/11/05/us-eurozone-bundesbank-idUSTRE... Germany on Saturday rejected media reports that Bundesbank reserves would be used to fund the euro zone's rescue facility after German newspapers said Group of 20 leaders had discussed the idea of tapping central banks. The Frankfurter Allgemeine Sonntagszeitung reported that Bundesbank reserves -- including foreign currency and gold -- would be used to increase Germany's contribution to the crisis fund, the European Financial Stability Facility (EFSF) by more than 15 billion euros ($20 billion). The European Central Bank (ECB) would own

Ben Davies: Monkey business -- reality, illusion, or delusion Submitted by cpowell on 09:30AM ET Tuesday, October 25, 2011. Section: Daily Dispatches 11:20a CT Tuesday, October 25, 2011 Dear Friend of GATA and Gold: Addressing GATA's Gold Rush 2011 conference in London in August, Hinde Capital CEO Ben Davies, a frequent commentator on business television and King World News, remarked on how inadequate human senses often are -- inadequate and even deceptive, insofar as what is only a very incomplete view can be construed as the total of reality. Having journeyed for 12 years through the foggy swamps of the gold and silver markets and central banking, where every single demonstrable fact is hard-won and a prized possession, and so appropriately caged for display here -- http://www.gata.org/taxonomy/term/21 -- GATA could appreciate Davies' point. Now Hinde Capital has published the text of his address. It's titled "Monkey Business -- Re

Michael Kosares: Misery Index drives gold demand Submitted by cpowell on 05:34PM ET Monday, October 17, 2011. Section: Daily Dispatches 8:30p ET Monday, October 17, 2011 Dear Friend of GATA and Gold: Michael Kosares, proprietor of Centennial Precious Metals in Denver, notes tonight that if the inflation figures used by Shadow Government Statistics -- inflation figures calculated in the old way -- are followed, the "Misery Index" under President Obama is 50 percent worse than it was under President Carter. That "Misery Index," Kosares writes, is driving gold demand, and his commentary can be found at USAGold here: http://www.usagold.com/amk/specialreportoct2011.html CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

COMEX owner tries to lure more gold out for bullion bank leasing Submitted by cpowell on 05:08PM ET Monday, October 3, 2011. Section: Daily Dispatches Gold? Sure, We’ll Take More of That, Says CME By Rhiannon Hoyle The Wall Street Journal Monday, October 3, 2011 http://blogs.wsj.com/marketbeat/2011/10/03/cme-boosts-limit-for-gold-use... CME Group will today increase to $500 million the amount of physical gold its U.S. clearing members can post as collateral for margin requirements, from the existing $200 million. The step is the latest in a string of moves by exchanges and other financial services firms to increase the use of gold as collateral, which essentially places the precious metal in the top tier of asset classes. CME said that by increasing the cap on the use of gold, it aims to help traders "manage their risk while allowing them to take advantage of increasingly attractive gold lease rates." The new limit will initially ju

Gold Standard Institute letter includes Boulanger essay supporting GATA Submitted by cpowell on 08:25AM ET Thursday, September 15, 2011. Section: Daily Dispatches 11:23a ET Thursday, September 15, 2011 Dear Friend of GATA and Gold: Issue 9 of the Gold Standard Institute's newsletter includes an essay by market analyst Louis Boulanger supporting GATA's work. You can find the newsletter posted here: http://www.goldstandardinstitute.net/GSI/wp-content/uploads/2010/06/TheG... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

Ron Paul's anti-Fed message gains respect Submitted by cpowell on  Monday, June 27, 2011. Section: Daily Dispatches By Catherine Dodge Bloomberg News Monday, June 27, 2011 http://www.bloomberg.com/news/2011-06-27/ron-paul-s-anti-fed-message-dri... WASHINGTON -- When Ron Paul announced four years ago that he was running for president, the congressman from Texas had a tough time attracting attention. Paul, known for his anti-government views, opposition to the Iraq, Afghan and Libyan conflicts and drive to get rid of the Federal Reserve, stayed in Washington to declare his candidacy for the 2008 Republican nomination on C-Span, the cable television station devoted to government proceedings. His entry earned a one-sentence mention near the end of a Washington Post political story, and little notice elsewhere. Last month, his venue for announcing another presidential bid was an appearance on ABC's "Good Morning America" -- a program with

For South Africa's sickened gold miners, a long wait for justice Submitted by cpowell on 07:57PM ET Sunday, June 19, 2011. Section: Daily Dispatches By Geoffrey York The Globe and Mail, Toronto Monday, June 20, 2011 http://www.theglobeandmail.com/news/world/africa-mideast/for-south-afric... JOHANNESBURG, South Africa -- His breathing is laboured, his chest is tight, and he is too weak to work in his garden any more. At the age of 63, former mine worker Wilson Mafolwana wonders if he'll still be alive when justice is done. He is among the millions of migrant workers who toiled in South Africa's gold mines in the apartheid era, building the world's biggest gold industry -- and often sacrificing their health in the process. Breathing clouds of dust, usually without ventilation masks, tens of thousands of miners contracted silicosis and tuberculosis, and many are now dying. Mr. Mafolwana and 17 other ex-miners with silicosis have launched

Gold scrap scarcity hobbles Indian refineries Submitted by cpowell on 01:24PM ET Saturday, February 26, 2011. Section: Daily Dispatches Gold Refineries' Operating Capacity Declines By Dilip Kumar Jha Business Standard, New Delhi Sunday, February 27, 2011 http://www.business-standard.com/india/news/gold-refineries/-operating-c... MUMBAI -- The operating capacity of domestic gold refineries reached alarmingly low levels due to scarcity of scrap. Currently domestic gold refineries are operating between 25-30 per cent of their installed capacity as against 35-40 per cent around the same time last year. "Used gold sales have declined steadily in the last one year as consumers are holding jewellery in anticipation of higher prices. Total recycled gold supply plunged to 89 tonnes in 2010 as compared to 122 tonnes in the previous year," said Ajay Mitra of the India and Middle East office of the World Gold Council. Despite availability of other r

    Gene Arensberg: Crow tastes good sometimes Submitted by cpowell on 11:30PM ET Thursday, February 17, 2011. Section: Daily Dispatches 12:26a MT Friday, February 18, 2011 Dear Friend of GATA and Gold (and Silver): Gene Arensberg of the Got Gold Report is glad to acknowledge that his nervousness Thursday about a possible bashing for gold and silver proved unjustified. Fessing up, he remarks that "crow tastes good sometimes" and you can find it here: http://www.gotgoldreport.com/2011/02/silver-blasts-higher-constantine-an... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. Arensberg gets nervous, King disputes gold crash claim Submitted by cpowell on 08:51AM ET Thursday, February 17, 2011. Section: Daily Dispatches 9:47a MT Thursday, February 17, 2011 Dear Friend of GATA and Gold (and Silver): Over at the Got Gold Report, Gene Arensberg's technical analysis is making him nervous about the precious

Class action against Morgan, HSBC specifies silver manipulation mechanism Submitted by cpowell on 10:31PM ET Monday, December 27, 2010. Section: Daily Dispatches 1:30a Tuesday, December 28, 2010 Dear Friend of GATA and Gold (and Silver): A Chicago law firm yesterday announced another class-action lawsuit against J.P. Morgan Chase & Co. and HSBC Holdings PLC complaining of silver market manipulation. Interestingly, the lawsuit cites GATA's silver market manipulation whistleblower Andrew Maguire and U.S. Commodity Futures Trading Commission member Bart Chilton, and specifies mechanisms by which Morgan and HSBC could manipulate the silver market through the use of silver exchange-traded funds. The lawsuit complains: "Before the Class Period began, JPMorgan had become the custodian and an authorized participant of the largest known concentration of silver bars, the iShares Silver ETF, which holds in excess of 340 million troy ounces of silver,

+74% later, Wall St. Journal notices silver only to try to talk it down Submitted by cpowell on 11:10AM ET Monday, December 27, 2010. Section: Daily Dispatches Big advertiser J.P. Morgan Chase & Co. will be pleased. * * * Price of Silver Soaring Investor-Fueled 74% Gains Dwarf Gold; Race to Open Mines By Carolyn Cui and Robert Guy Matthews Sunday, December 26, 2010 http://online.wsj.com/article/ SB1000142405297020356800457604 382039806794... BIG CREEK, Idaho -- An unexpected surge in investor demand is sending silver prices soaring—and speculators and mining companies are digging in. In the past four months, the metal has upended forecasts, rising 51% to a series of 30-year highs, before inflation. Silver closed Thursday at $29.31 a troy ounce, up from $16.822 at the beginning of 2010. Among the four major precious metals—the others being gold, platinum and palladium -- silver is up 74% this year, on track to be the second-b

Bailed-out banks slip toward failure Submitted by cpowell on 09:41AM ET Monday, December 27, 2010. Section: Daily Dispatches Number of Shaky Lenders Rises to 98 as Bad Loans Pile Up; Smaller Institutions Hit Hardest By Michael Rapoport The Wall Street Journal Sunday, December 26, 2010 http://online.wsj.com/article/ SB1000142405297020356800457604 401421979111... Nearly 100 U.S. banks that got bailout funds from the federal government show signs they are in jeopardy of failing. The total, based on an analysis of third-quarter financial results by The Wall Street Journal, is up from 86 in the second quarter, reflecting eroding capital levels, a pileup of bad loans and warnings from regulators. The 98 banks in shaky condition got more than $4.2 billion in infusions from the Treasury Department under the Troubled Asset Relief Program. When TARP was created in the heat of the financial crisis, government officials said it would help only healthy ba

Alasdair Macleod: Are the central banks running a fractional gold system? Submitted by cpowell on 08:29PM ET Wednesday, December 15, 2010. Section: Daily Dispatches 11:46p ET Wednesday, December 15, 2010 Dear Friend of GATA and Gold: Economist and former banker Alasdair Macleod tonight reflects on GATA consultant Robert Lambourne's study, published in November ( http://www.gata.org/node/9331 ), about the obscure, misleading, and likely duplicitous gold accounting of the Bank for International Settlements and the fractional reserve gold banking scheme this accounting implies is being run by Western central banks. Macleod writes: "China and Russia must be watching this with great interest. We can assume that their intelligence services are more aware of the true position than the general public, and if they also conclude that the Western central banks are running a fractional system using sight accounts, this knowledge hands them great economic pow

IMF says it sold less gold in October Submitted by cpowell on 10:47PM ET Monday, November 29, 2010. Section: Daily Dispatches By Frank Tang and Lesley Wroughton Reuters Monday, November 29, 2010 http://af.reuters.com/article/metalsNews/idAFN2922871120101129 The International Monetary Fund has slowed the rate of selling its gold by 40 percent in October from the previous month, as interest among central banks to own the metal increased as a hedge against economic uncertainty. The IMF sold 628,000 ounces (19.5 tonnes) of gold in October as part of its previously announced open-market bullion sales plan, an IMF spokesman said on Monday. October's gold sales were sharply below the 1.04 million ounces sold in September, when nearly a third of the sale was going to Bangladesh. The IMF said late last year it would sell 403.3 tonnes or one-eighth of its total gold reserves to boost its lending resources. The fund said the sale would avoid disruptions

Silver shortage looms, mining stockbroker Rick Rule tells King World News Submitted by cpowell on 03:16PM ET Friday, October 22, 2010. Section: Daily Dispatches 6:12p ET Friday, October 22, 2010 Dear Friend of GATA and Gold (and Silver): Mining stock broker Rick Rule today tells Eric King of King World News that shortages of silver may be developing. An excerpt from the interview can be found at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/22_R... Or try this abbreviated link: http://tinyurl.com/32njmlv CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. Join GATA here: New Orleans Investment Conference Wednesday-Saturday, October 27-30, 2010 Hilton New Orleans Riverside Hotel http://www.neworleansconference.com/redirect.php?page=index.html&source_... * * * Support GATA by purchasing a colorful GATA T-shirt: http://gata.org/tshirts Or a colorful poster of GATA's full-page a

James Turk interviewed about metals breakout at King World News Submitted by cpowell on 10:47PM ET Tuesday, October 5, 2010. Section: Daily Dispatches 1:44a ET Wednesday, October 6, 2010 Dear Friend of GATA and Gold (and Silver): GoldMoney founder and GATA consultant James Turk has given a quick audio interview to Eric King of King World News about the breakout in gold and silver and the prospects for mining shares. You can find it at the King World News Internet site here: http://bit.ly/b9M6h7 CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. Brett Arends: Gold mania? Not quite   Submitted by cpowell on 08:51AM ET Wednesday, October 6, 2010. Section: Daily Dispatches By Brett Arends The Wall Street Journal Wednesday, October 6, 2010 http://online.wsj.com/article/SB1000142405274870384380457553401029148991... The conventional wisdom on Wall Street is that the gold bubble is about to pop. After all, people will tell you, the little guy is n

Watch for $21 silver and mining company acquisitions Submitted by cpowell on 05:54PM ET Thursday, September 16, 2010. Section: Daily Dispatches 8:53p ET Thursday, September 16, 2010 Dear Friend of GATA and Gold: At the King World News blog tonight, GoldMoney founder and GATA consultant James Turk says $21 silver should be the trigger for the precious metals explosion. The interview with him is headlined "James Turk -- Here We Go Again" and you can find it here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/9/16_Ja... Meanwhile King World News founder Eric King writes that mining company acquisitions and combinations are likely to increase sharply as rising prices outpace new mine development. King's commentary is headlined "Gold and Silver Takeovers Heating Up" and you can find it here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/9/16_Go... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Comm

Robert Kientz: Gold, silver market suppression failures flash buy signal Submitted by cpowell on 07:57AM ET Tuesday, August 31, 2010. Section: Daily Dispatches 10:57a ET Tuesday, August 31, 2010 Dear Friend of GATA and Gold: GATA's work continues to gain recognition and credibility, as demonstrated today by a series of essays that has begun to be posted at Seeking Alpha by Robert Kientz, an auditor and former broker and currency market analyst. The essays are titled "Gold and Silver Market Suppression Failures Flash Buy Signal" and you can find the first part at Seeking Alpha here: http://seekingalpha.com/article/223037-gold-and-silver-market-suppressio... And Part 2 here: http://seekingalpha.com/article/223091-gold-and-silver-market-suppressio... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.   Join GATA here: Toronto Resource Investment Conference Saturday-Sunday, September 25-26, 2010 Metro Toronto Convention Center, To