Iranian Bourse Back from "Poof"

By way of GATA...

From Islamic Republic News Agency
via Payvand.com
Wednesday, April 26, 2006
http://www.payvand.com/news/06/apr/1231.html

TEHRAN -- Iranian Oil Minister Kazem Vaziri Hamaneh said on Wednesday that the establishment of an oil stock exchange is in its final stage and the bourse will be launched in Iran in the next week. He told reporters, upon arrival from Qatar, where he attended the 10th General Assembly of the International Energy Agency and consultations with OPEC member states, that registration of the oil stock exchange is under way and the entity will operate after being approved by by Council of Stock Exchanges.

He rejected a statement attributed to him that the oil stock exchange will bring to the U.S. economy down, and said, "I don't know who has speculated that. I've not talked about the U.S. economy."

Asked about the conference on energy in Doha, he said that more than 60 countries and 30 oil companies and consultants took part. Vaziri Hamaneh said that serious discussions of various issues were held, including the security of supply and demand, the security of investment in energy, and environmental issues.

"The best method for security of demand in the oil sector is that consumers should be given the opportunity to enter into partnership with the suppliers in investment in the oil industry," he said. He said that the conference called for diversifying energy resources and cooperation of the developed states with the countries possessing oil and gas resources.

Asked about the oil price rise, Vaziri-Hamaneh said that the oil price is being influenced by political situations, whereas it should be freed from political impacts, and economic and technical fundamentals should determine the oil price. "As long as political impacts dominate the oil market, price hikes will continue," he concluded.

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THIS JUST IN

I wish I had seen this before the close today.

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silverstockreport.com Newsletter
Silver ETF Approved!
April 27th, 2006
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Silver set to explode in price
-- SEC clears Barclays iShares Silver Trust
-- Launch of Barclays' Silver ETF Imminent
-- Hundred-Year Long Trend of Low Silver Prices is Ending

Valued Subcriber!

The SEC has Cleared the Barclays Silver ETF (Exchange Traded Fund). The ETF will allow investors to buy silver as easily as they buy stocks, and the trading symbol on the AMEX should be SLV, and could start trading as early as tomorrow, or by the end of next week.

Interestingly, Barclays has only deposited 1.5 million ounces of silver with their bullion custodian, not the 130 million ounces that was anticipated. Thus, the significant silver buying has not yet started, and is still to come, especially as the large pension funds with hundreds of billions of dollars start buying. Most of the large funds cannot buy silver unless it is in the form of an ETF, and the ETF was built to enable these funds to buy silver. If even 1% of just one of the largest funds is invested into the Silver ETF, it would be over $2 billion, which, at $13/oz., is over 153 million ounces of silver, which is far more silver than is available at the NYMEX, the large commodity exchange in New York.


SEC clears Barclays iShares Silver Trust
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WASHINGTON, April 27 (Reuters) - The U.S. Securities and Exchange Commission said on Thursday that the registration statement for Barclays Global Investors' iShares Silver Trust was declared effective, removing the final regulatory obstacle to trading in the innovative fund.
"The registration statement for the iShares Silver Trust was declared effective at 10 a.m.," SEC spokesman John Nester said.

News: SEC clears Barclays iShares Silver Trust


Launch of Barclays' Silver ETF Imminent
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
By Jon A. Nones 25 Apr 2006 at 07:07 PM EDT St. LOUIS (ResourceInvestor.com) -- It’s been more than a month since Barclays’ silver ETF iShares Silver Trust “cleared the last regulatory hurdle” at the Securities and Exchange Commission (SEC) prior to final approval. But with yesterday’s public statement by the SEC, it now appears the announcement of a launch date is imminent. According to a regulatory filing yesterday, Barclays has deposited 1.5 million ounces of silver with JPMorgan Chase Bank in London to back 150,000 shares of its ETF with each representing 10 ounces of silver.
Barclays intends to offer to the public these 150,000 iShares at a per-iShare offering price that will vary depending on the price of silver and the trading price of the iShares on the AMEX at the time of the offer. The ETF is slated to trade on the American Stock Exchange under the ticker “SLV.” According to the SEC, the approximate date of the ETF’s “sale to the public” will be “as soon as practicable after this Registration Statement becomes effective.”

Article: Launch of Barclays' Silver ETF Imminent


Hundred-Year Long Trend of Low Silver Prices is Ending
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
SilverStockReport.com says that the silver market is not driven by day to day news, but rather, by a trend that is over 100 years long, the trend of demonitization, which started with the introduction of the gold standard, and the end of the use of silver as money. With renewed investor demand through the ETF, silver is being saved as a store of wealth again.
The other long term trend is silver's use in the age of electronics, which is a 60 year long trend that started around the end of World War II. This trend, with the industrilization of China and India, is only accelerating. Silver has been consumed by industry, and there is very little silver left over for any investment demand. Silver prices are sure to go up, up and up some more, probably for decades to come.

Subscribe now to the Silver Stock Report!



Jason Hommel
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
email: j@silverstockreport.com
web: http://silverstockreport.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


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Ha Ha Ha America (Click here for movie)

Remember when China was called Communist China? Well, its still Communist, but we just call it China now.

They won the war when we weren't looking. That's why we call it China now.

"Dear Mr. President" by Pink & the Indigo Girls (Click to listen)

Can't Wait

Neil Young has completed a CD entitled "Living with War". Written in 3 days, and recorded in 9, it appears to be poised to rally the anti-war folks to a new level when it is released.

Remember "Ohio" (4 dead in O-hi-O)? I can't wait to hear "Impeach the President" on this new CD. I'll be sure to let you know when it comes out.

And BTW, Neil has a blog.

This is a Dip

Buy more now.

Hu Knew?

I'll just pretend to be listening.

I'm not listening to you either.
I don't have to.

Note to self: Quit buying Treasury Notes from these fools.

No Longer Astounded

I hate to admit it, but I can’t find anything Astounding to bring you today. However, this is really good, even if it’s not Astounding (or true). From Martin Random at somethingawful.com

"These are some facts I have witnessed and learned through my employment. Take it at face value, believe it or don't believe it, because I'm not providing corroborating pictures, details, or evidence beyond my own testimony.

Homeland security buys in bulk and at great premium millions of dollars of useless personal appliances from China, such as rice cookers, nose hair trimmers, massage wands, and heating pads, boxes them up, and buries them in railroad shipping containers in the Arizona desert for no reason whatsoever other than to spend its budget and prevent sub-agencies from getting the funds. I suspect that the money goes to a middleman in order to secretly siphon funds into foreign organizations which we can't support over the table, but this is just me trying to find a justification for this massive and intentional government waste.

Donald Rumsfeld needs to wear iced underwear because of some medical condition, and he has his secret service detail hold his spares. He was recently getting uncontrollable long-term erections and had to change up his medical treatments. The underwear and the erections is why he uses a standing desk, not because he is some super-man. He also wears nylon stockings, not because he's gay, but to control some vascular problem with his legs which causes him intense pain.

President Bush uses anti-depressant medication, a lot of it, at a stupendous dosage, and he is hiding it from the American public. This is the real reason he stopped drinking. Because of the dosage, he is also impotent.

Tom Ridge carries 20 credit cards with him at all times, each one with a very low limit. I have never heard of him using one, ever, but he has them. He also wears his socks inside-out, and will flip the fuck out and walk strangely if he is forced to wear them properly, because it drives him crazy. All of his socks must be laundered right side in and then turned inside out before they are returned to him. He gave specific instructions about handling his food, and not allowing his vegetables to touch any other food item on the plate. His utensils must be steamed over boiling water. He will not eat soup which hasn't been boiled within the past 20 minutes or which he has not prepared himself. If any of these rules are violated, he flies into a rage, turns beet red, and will not eat a single thing. He has his personal attendants confirm over and over that the food is as he likes it. He also shaves his forearms and hands because he can't stand the idea of body hair on his arms. He demands that his bedsheets are bleach white and changed fresh every night and he sleeps in a separate bed in a big, tight, body-length nylon sleeve, with a fan blowing over him at full power. He is terrified of animals which have fur or hair longer than one inch, and will not go near curly hair of any kind, even on people. At one time he ran from his office and demanded that someone look under everything for a rodent which did not and could not exist, then he had the entire place wiped down with disinfectant and vacuumed twice. While this was done he couldn't even bear to look at the door, or come within 20 feet of his office. He was in hysterics.

President Bush, when dining at the white-house, does not eat any item of food which has not been first sniffed by a trained dog before being prepared. Think about that.

Word among the staff is that Cheney was drunk when he shot that lawyer, and secluded himself for a day to sober up and avoid felony firearms charges. I don't have any direct information on this because the guys with him at the time are not talking. This is totally unconfirmed, but I think it is plausible.

Dick Cheney has chronic gum problems and his breath smells like shit as a result. He is also a CLOSE TALKER. He keeps a small bottle of diluted hydrogen peroxide which he rinses with every hour on the hour, and he swallows it instead of spitting. He also picks his nose vigorously (violently) and hums loudly and tunelessly to himself while taking shits.

There is a sealed room in the whitehouse which once held a half-ton block of cheese for about 30 years.

The White house is planting its own men among the press agents at press conferences.

The white house lawn is mowed every other day by the same man humming the same tune.

Despite all of this craziness, there is nothing strange whatsoever about Condoleeza Rice. She is completely balanced and normal, if slightly robotic in her personal demeanor. She smells very nice at all times. She does, however, constantly check her investments online from her office when she thinks that nobody is looking, and she has slept at her desk on multiple occasions.

There is an administrative law judge who sits in an office in a building near the white-house, earns around 200k per year and has a secretary, and he does nothing except sit, read, and listen to classical music all day. His secretary likewise does nothing. He gets meals taken to him from the White-house kitchen, and is so lonely that he latches on to whoever gets sent and talks to them for hours about the korean war. His family is all dead and his secretary hates him. In a drawer in his desk he has an old revolver, which he got in there somehow despite that he shouldn't have been able to bring it in. I think he will shoot himself one day.

The "undisclosed location" is usually a local police officer training ground or state trooper college. Shh."

How Soon We Forget

Click on picture to see video

Deception Reaches New Heights – Troops Being Pulled Back To Feign Success

Excerpt from:

The Tethered Goat Strategy

Sidney Blumenthal
Thursday April 6, 2006
The Guardian

....

"The Bush administration's preferred response to increasing disintegration is to act as if it has a strategy that is succeeding. "More delusion as a solution in the absence of a solution," said a senior state department official. Under the pretence that Iraq is being pacified, the military is partially withdrawing from hostile towns in the countryside and parts of Baghdad. By reducing the number of soldiers, the administration can claim its policy is working going into the midterm elections. But the jobs the military doesn't want to perform are being sloughed off on state department "provisional reconstruction teams" (PRTs) led by foreign service officers. The rationale is that they will win Iraqi hearts-and-minds by organising civil functions.

The Pentagon has informed the state department it will not provide security for these officials and that mercenaries should be hired for protection instead. Internal state department documents listing the PRT jobs, dated March 30, reveal that the vast majority of them remain unfilled by volunteers. So the professionals are being forced to take the assignments in which "they can't do what they are being asked to do", as a senior department official told me.

Foreign service officers, as a rule, are self-abnegating in serving any administration. The state department's Intelligence and Research Bureau was correct in its scepticism before the war about Saddam Hussein's possession of WMDs, but was ignored. The department was correct in its assessment in its 17-volume Future of Iraq project about the immense effort required for reconstruction after the war, but it was disregarded. Now its reports from Iraq are correct, but their authors are being punished. Foreign service officers are to be sent out like tethered goats to the killing fields. When these misbegotten projects inevitably fail, the department will be blamed. Passive resistance to these assignments reflects anticipation of impending disaster, including the likely murder of diplomats."

Read the entire article...

Iran's Oil Bourse Goes Poof

Iranian Oil Bourse Is History...But Oil's Still Dangerous For Dollar
by Kathy Lien & Boris Schlossberg, editors of The Money Trader.


"On March 21st Iran was scheduled to launch the world's first oil trading exchange that would have set prices in euros rather than dollars. Many analysts feared this would have spelled disaster for the greenback since oil is the world's most popular commodity and requires most nations to hold vast reserves of dollars in order to purchase it. If oil were to be suddenly settled in euros, the global need to hoard dollars would diminish considerably, eliminating one of the key supports for the US dollar in the currency market.

The doomsday scenario did not come to pass, as Iran failed to construct the necessary infrastructure for a successful launch of the exchange. It is still insisting on opening a Persian Gulf oil bourse with the southern Iranian island Kish as its base of operations according to a report by Iranian state- television on Saturday.

'The issue has already been agreed upon and the oil ministry has been instructed to open this bourse in the Persian Gulf island of Kish,' Economic and Finance Minister Davoud Danesh-Jafari said. However, at this point, the issue of an Iranian oil exchange to challenge the New York and London markets appears to be more of a P.R. stunt rather than a viable competitive threat.

Even if the Iranians managed to open up for trading, the key question remains: who would trade with them? Given the recent antagonistic rhetoric of the country's political leaders, many investors would likely shun the bourse for fear of not having their trades honored. Successful financial markets require trust and cooperation and Iran's antagonistic actions over the past several months (especially their insistence on developing nuclear capabilities) have engendered little goodwill in the world community. But dollar bulls should not be so quick to breathe a sigh of relief.... "

Now Here's a Clever Idea

Kill 90% of the world's population with the Ebola virus, and then we have a sustainable planet.

"Professor Pianka said the Earth as we know it will not survive without drastic measures. Then, and without presenting any data to justify this number, he asserted that the only feasible solution to saving the Earth is to reduce the population to 10 percent of the present number.

He then showed solutions for reducing the world's population in the form of a slide depicting the Four Horsemen of the Apocalypse. War and famine would not do, he explained. Instead, disease offered the most efficient and fastest way to kill the billions that must soon die if the population crisis is to be solved.

Pianka then displayed a slide showing rows of human skulls, one of which had red lights flashing from its eye sockets.

AIDS is not an efficient killer, he explained, because it is too slow. His favorite candidate for eliminating 90 percent of the world's population is airborne Ebola ( Ebola Reston ), because it is both highly lethal and it kills in days, instead of years. However, Professor Pianka did not mention that Ebola victims die a slow and torturous death as the virus initiates a cascade of biological calamities inside the victim that eventually liquefy the internal organs.

After praising the Ebola virus for its efficiency at killing, Pianka paused, leaned over the lectern, looked at us and carefully said, “We've got airborne 90 percent mortality in humans. Killing humans. Think about that.”

Read more...

Even Better

A while back I insisted that you watch "9/11 Revisited" which was the best I had seen. Now there is an even better one. I know you've had enough, and with the current flood of information about our Imperial President and his crew, you propably have a barf bag near your TV.

But to understand where we are now, you must go back, back to the stolen election of 2000, the coup that empowered the current warmongers, and back to 9/11, their kickoff for the whole "One Superpower" takeover of the world.

There is now no lingering doubt...

Watch This Movie