SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (95847)10/25/2012 2:58:16 PM
From: ggersh  Respond to of 218358
 
bloomberg.com


Brazil’s Gold Reserves Rise For First Time Since 2008
By Nicholas Larkin and Glenys Sim - Oct 25, 2012 12:18 PM CT



Brazil increased its gold reserves for the first time since December 2008 at a time when investors raised holdings in exchange-traded products to a record.

Brazil’s holdings expanded 1.7 tons last month to 35.3 tons, data on the International Monetary Fund’s website showed. Turkey’s holdings increased 6.8 tons and Ukraine added 0.3 ton. Brazil’s central bank doesn’t comment on the policy of its reserve composition, it said in an e-mail.

Central banks have been expanding reserves after the metal climbed the past 11 years and investors held a record tons in bullion-backed exchange-traded products this month, data compiled by Bloomberg show. Nations bought 254.2 tons in the first half of 2012 and may add close to 500 tons for the year, the London-based World Gold Council said in August.

“We expect strong buying by central banks to continue,” said Dan Smith, a commodities analyst at Standard Chartered Plc in London. “They will be encouraged by lower prices and continued worries about inflation and currency risks.”

Turkey’s bullion holdings have increased due to it accepting gold in its reserve requirements from commercial banks. Russia’s reserves fell by 2.2 tons, Belarus by 1.5 tons, Czech Republic by 0.3 ton and Kazakhstan by 0.4 ton, the IMF data show.

Gold for immediate delivery rose 0.5 percent to $1,710.70 an ounce by 6:15 p.m. in London and has gained 9.4 percent this year. It’s averaged $1,751.03 so far this month, the third- highest ever.

“If a central bank like Brazil decides to enter the gold market, it will keep buying for a longer time horizon until an optimal share of gold holdings to total asset is reached,” said Bayram Dincer, an analyst at LGT Capital Management in Pfaeffikon, Switzerland. “This constant demand is price supportive.”

To contact the reporters on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net; Glenys Sim in Singapore at gsim4@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at



To: elmatador who wrote (95847)11/4/2012 7:12:51 PM
From: average joe  Respond to of 218358
 
2 November Press Release

FOR IMMEDIATE RELEASE
November 2, 2012

TABULATION PROCESS IN UKRAINE MARRED BY VIOLATIONS, MANIPULATION

KYIV, 2 November 2012 - Mission Canada notes the negative development of serious problems in the tabulation of the results by the District Election Commissions (DECs) since election-day.

In many DECs, the tabulation of results has been extraordinarily long; in several DECs (11, 94, 95, 186, 189, 197, 211, 223) the tabulation was not completed, as of Friday. PEC members are being forced to stay for days without rest at the DECs, in crowded, tense and often terrible conditions. In some cases PEC members left the DECs with their election materials without submitting results. Several DECs have taken breaks, in breach of the law, during the tabulation process.

The process of tabulation in several cases is non-transparent, chaotic, and marred by violations; observers noted, for example, cases of PEC protocols being ‘corrected’ on site at the DEC without the approval of the required quorum of members, and not back at the PEC, and unfilled, pre-signed protocols. An alarmingly high number of PEC protocols were sent back to the PECs for corrections.

Moreover, there are serious problems with manipulation of electronic results, as observed on the CEC website in a significant number of districts. Egregious cases have been noted of results being changed after 100% of polling station results protocols have been submitted by DECs, as well as cases of PECs with anomalous results. The CEC has stated that they have received falsified electronic transfers of results. In general, observers were not allowed into the tabulation rooms, by an earlier decision of the CEC, which was upheld by the courts. This limited their ability to fully observe a vital phase of the election process.

Mission Canada observers noted cases of pressure and intimidation of both PEC and DEC members. This fact, coupled with the intentional delays in tabulation throughout the process, is evidence of attempts to purposefully manipulate results, particularly in competitive races, such as Kyiv city and Kyiv oblast districts. A particularly tense and troubling situation is developing in Mykolaiv oblast, DEC 132; special police forces have removed election materials from the DEC.

A deputy head of the Central Election Commission stated on Thursday that, “…the most important phase of the election, tabulation of voting and results of the election, today has entered a very dreadful phase,” as reported on Interfax Ukraine. She went on to say the next day that she believes that a re-run of the election may be necessary in some districts, pending examination of materials by the CEC.

Although election-day was mostly orderly, Mission Canada has noted that the pre-election period fell short of meeting international standards in some significant respects. We now note that the process of vote tabulation has been marred by serious violations, which raises doubts about the integrity of the results in several districts.
A number of lawsuits have already been filed, challenging results at the precinct and district levels. Mission Canada will continue to observe the tabulation process and follow election-related court cases over the next days.

Mission Canada is undertaken with the financial support of the Government of Canada through the Canadian International Development Agency and the Department of Foreign Affairs and International Trade. The project is implemented by CANADEM, a non-government organization.

For further information:

- 30 -

Michael Bociurkiw
Mission Canada – Ukraine Election 2012
Michael.Bociurkiw@canadem.ca This email address is being protected from spambots. You need JavaScript enabled to view it.
+38-066-467-9083 /+1-310-954-9604

Click here for a pdf version of this press release.