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Daily Dispatches
China investigates copper trading losses
Submitted by cpowell on Fri, 2005-11-18 03:00 Section: Daily Dispatches1:04a ET Friday, November 18, 2005
Dear Friend of GATA and Gold:
MiningMX's David MacKay has written a fascinating
story about DRD Gold's attempt to transform itself
into something more than a play on the leverage of
deep, high-cost South African mines. It's
headlined "DRD Gold to Retire 'Roodepoort Rocket'"
and you can find it here:
Barrick says it has settled Blanchard anti-trust case; no details announced
Submitted by cpowell on Fri, 2005-11-18 03:00 Section: Daily DispatchesBy Elaine Kurtenbach
The Associated Press
via The Globe and Mail, Toronto
Friday, November 18, 2005
http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/200511
18/IBCOPPER18/TPBusiness/International
SHANGHAI -- China has investigated trading losses on the London
Metal Exchange by a Beijing-based copper trader and concluded that
Peter Brimelow: To M3 or not to M3?
Submitted by cpowell on Fri, 2005-11-18 03:00 Section: Daily DispatchesBarrick and Blanchard Reach Settlement
Barrick Gold Corp. Press Release
via Business Wire
Friday, November 18, 2005
http://biz.yahoo.com/bw/051118/20051118005399.html?.v=1
TORONTO -- Barrick Gold Corp. announced today that it is pleased to
have reached a settlement of differences with Blanchard & Co. Inc.,
and Herbert Davies. All claims in all litigation between the parties
Bill Murphy: The manipulation of the gold market
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily Dispatches9:23p ET Wednesday, November 16, 2005
Dear Friend of GATA and Gold:
Sorry for the late notice, but if you're in the San
Francisco Bay area this weekend you might want to
consider attending LewRockwell.com's Burton Blumert
Conference on Gold, Freedom, and Peace, to be held
Friday and Saturday at the Radisson Villa Hotel in
San Mateo, Calif.
Saturday's proceedings include a lunch with U.S.
Copper trader throws market into confusion
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily Dispatches11:50p ET Wednesday, November 16, 2005
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy has written an introduction
to the gold price suppression scheme, "The
Manipulation of the Gold Market." It has been posted
at GATA's Internet site here:
http://www.gata.org/Murphy111605.htm
... and at GoldSeek here:
Noticing that real gold costs more than paper, India expects $500 soon
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily DispatchesBy David M. Lenard
Asia Times, Hong Kong
Thursday, November 17, 2005
http://www.atimes.com/atimes/China_Business/GK17Cb05.html
HUA HIN, Thailand -- Confusion reigned in world copper markets this
week after reports emerged that a Chinese copper trader based in
London, Liu Qibing, had disappeared after building gigantic short
James Turk: Something ''fundamentally different'' is up with gold
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily DispatchesLondon Outshines New York in Gold Rally
By Arindam Saha
Economic Times / The Times of India
Gurgaon, India
Friday, November 18, 2005
http://economictimes.indiatimes.com/articleshow/1299592.cms
MUMBAI -- A buying spree in the London gold spot market has stunned
the New York futures market. It has unfolded a rare event in the
China may default on copper contracts, exchange''s former lawyer says
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily Dispatches7:40p ET Thursday, November 18, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the Freemarket
Gold & Money Report and founder of GoldMoney, has
gotten out his long-term gold price chart and concludes
that "something fundamentally different" seems to be
happening.
Turk believes that gold's dramatic rise this week has
been prompted by the Federal Reserve's announcement
London Telegraph: Gold''s burst through $480 sparks covering by big shorts
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily DispatchesAs gold and silver prices rise,
will the shorts there simply
default too?
* * *
China May Default on Copper Contracts
Amid Shortage, Lawyer Says
By Matthew Craze
Bloomberg News Service
Friday, November 18, 2005
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=a06N6xBoYZ.Q&refer=home
LONDON -- China may default on money-losing copper trades because
Even the Financial Times is starting to get it
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily DispatchesGold at 18-year High
After Russia Pledges to Pile in
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, November 18, 2005
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2005/11/18/cngold18.xml&menuId=242&sSheet=/money/2005/11/1
8/ixcitytop.html
Gold surged to an 18-year high of $486.10 an ounce yesterday as
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