Daily Dispatches

10:55p ET Tuesday, December 5, 2006

Dear Friend of GATA and Gold:

GoldMoney's James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, writes in an essay published today that another brief correction in the commodities markets is over and that the commodities boom has a long way to go. Turk writes:

"The reason for this bull market in commodities will surprise no one. It's the U.S. dollar. There are people around the world who would rather own $1 million worth of zinc or copper or soybeans or any other commodity than $1 million in a bank account, and for good reason. The purchasing power of the U.S. dollar is being inflated away, and this inflation will no doubt worsen in the weeks and months ahead. But zinc is zinc; the value of zinc and every other commodity is based on their utility, and that utility cannot be inflated away."

China seeks direct talks with OPEC

From the Financial Times, London
Monday, December 4, 2006

http://news.yahoo.com/s/ft/20061204/bs_ft/fto120420061642266991

Asian central banks appear divided on how to respond to the falling US dollar. Several countries, including Thailand, South Korea, and Singapore, appear to have intervened to curb its decline against their currencies, while heavyweights Japan and China are taking a more benign approach.

5p ET Monday, December 4, 2006

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler's new essay is a speculation on which silver-related investments will do best as the price of silver reaches $100. Butler's preference is for real metal rather than mining shares -- particularly U.S. silver eagles. His essay is titled "What Happens at $100 Silver?" and you can find it at GoldSeek's companion site, SilverSeek, here:

2:25p ET Monday, December 4, 2006

Dear Friend of GATA and Gold:

Today's Financial Post / National Post in Canada has a wonderful profile of Agnico-Eagle Mines Ltd., GATA's oldest financial supporter among producing mining companies. The company has reaped spectacular success in recent years by avoiding hedging and concentrating on what this profile calls organic growth.

Continuing its support, Agnico-Eagle was a sponsor of GATA's reception at the New Orleans Investment Conference last month. The company has been with us from the beginning, back in the days when it was considered bad for business and before GATA's case was proved and widely accepted. So we're deeply grateful for Agnico-Eagle's principled and fearless work on behalf of the gold cause and delighted with its well-earned recognition here.