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Daily Dispatches
Banks face vast losses in copper mayhem
Submitted by cpowell on Fri, 2006-05-12 03:00 Section: Daily DispatchesGold Prices Hit New 26-Year Highs,
Allowing Mining Companies to Post Surging Revenue
By Heidi Vogt
Associated Press
Friday, May 12, 2006
http://biz.yahoo.com/ap/060512/golden_times.html?.v=7
DAKAR, Senegal -- With oil soaring to new highs and the U.S. dollar
back down, investors are looking to the usual haven: gold.
Scrap thieves in France ransack railroad lines for copper
Submitted by cpowell on Fri, 2006-05-12 03:00 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Saturday, May 13, 2006
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/13/cncopp13.xml&menuId=242&sSheet=/money/2006/05/1
3/ixcitytop.html
The spike in copper prices over recent weeks has left a group of
banks and operators on the London Metal Exchange (LME) nursing vast
Russia''s president wants oil, gas traded in rubles on a domestic exchange
Submitted by cpowell on Thu, 2006-05-11 03:00 Section: Daily Dispatches8:14p ET Wednesday, May 10, 2006
Dear Friend of GATA and Gold:
Investor's Business Daily, perhaps the most
technical U.S. market publication, today
interviewed silver market analyst Ted Butler,
which must have felt to him like an escape
from the wilderness.
Just a few days ago The New York Times
interviewed gold bug hero Jim Sinclair and
GATA's Bill Murphy and James Turk.
Are we getting respectable or just too
After seven years, Wall Street Journal notices GATA
Submitted by cpowell on Thu, 2006-05-11 03:00 Section: Daily DispatchesFrom RIA Novosti
Wednesday, May 5, 2006
http://en.rian.ru/russia/20060510/47932818.html
MOSCOW -- Russian President Vladimir Putin called Wednesday for work
on making the national currency convertible to be completed, oil and
gas to be traded in rubles on a domestic exchange, and an innovation-
based economy.
In his annual state of the nation address before both houses of
China plans to build strategic reserves of key minerals, along with oil
Submitted by cpowell on Wed, 2006-05-10 03:00 Section: Daily Dispatches10:34p ET Tuesday, May 9, 2006
Dear Friend of GATA and Gold:
Resource Investor's James West has a fascinating
story about what may become the next Klondike
gold rush -- the work of Klondike Star Mineral
Corp., co-host and sponsor of GATA's Gold Rush
21 conference last August in Dawson City, Yukon
Territory, the conference that let the world
know exactly how the gold price was being
suppressed and that sent the gold price off to
Metals trader seems to be begging central banks to smash gold again
Submitted by cpowell on Wed, 2006-05-10 03:00 Section: Daily DispatchesBy Xiao Yu
Bloomberg News Service
Wednesday, May 10, 2006
http://www.bloomberg.com/apps/news?
pid=10000080&sid=afPXJdQluoms&refer=asia
China aims to build up strategic reserves of minerals such as
uranium, copper, and aluminum to help meet rising demand and provide
a buffer against supply disruptions, the Ministry of Land and
Resources said.
China is supporting the gold market, at least with bullish talk
Submitted by cpowell on Wed, 2006-05-10 03:00 Section: Daily DispatchesGold and Silver Rally Will End, Trader Says
By Richard Milne
Financial Times, London
Wednesday, May 10, 2006
http://news.ft.com/cms/s/c404c338-e04c-11da-9e82-0000779e2340.html
The bubble-like levels of gold and silver prices cannot be sustained,
according to the head of the world's largest precious metals trader,
David Morgan: The silver ETF, past and future
Submitted by cpowell on Wed, 2006-05-10 03:00 Section: Daily DispatchesSome See Gold in China's Reserves
Metal Gets a Boost
From Talk of Switch
Out of U.S. Dollars
By James T. Areddy
The Wall Street Journal
Wednesday, May 10, 2006
http://online.wsj.com/article/SB114726053926948792.html?
mod=googlenews_wsj
SHANGHAI, China -- China is again underpinning commodity prices --
this time with bullish comments about gold.
Massive reduction in gold hedging reported for first quarter of 2006
Submitted by cpowell on Wed, 2006-05-10 03:00 Section: Daily DispatchesBy David Morgan
Silver-Investor.com
Wednesday, May 10, 2006
Many pundits have written about the silver ETF, and of course we
also had our say. We thought it best to put into the public record
our exact thoughts from the past as presented in our monthly reports
before commenting further. As the reader will determine we presented
some interesting points and we were not completely correct in our
Investor''s Business Daily interviews silver market analyst Ted Butler
Submitted by cpowell on Wed, 2006-05-10 03:00 Section: Daily DispatchesBy Rhona O'Connell
MineWeb.com
Wednesday, May 10, 2006
LONDON -- Mitsui Global Precious Metals, in conjunction with Virtual
Metals, has released its latest assessment of the global gold mine
hedge book and concludes that the market impact of the change in the
book in the first quarter of this year was a contraction of 5.0
million ounces.
That equates to 155.5 tonnes or the equivalent of almost exactly the
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