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Daily Dispatches
China''s Minmetals cinches bid for Noranda, Brazilian paper says
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Ted Butler
Monday, July 19, 2004
The market structure, as depicted by the Commitments
of Traders Report (COT), deteriorated more sharply than
I expected in gold, copper, and silver. The latest COTs,
as of the close of business July 13, indicated a notable
increase in the dealers' net short position. Extrapolating
from the report's cutoff date, there was further tech fund
buying and dealer short selling since then. My guess is
China''s hunger for raw materials is seen in acquisition of Noranda
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily Dispatcheshttp://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5729807
RIO DE JANEIRO, Brazil, July 21 (Reuters) -- Brazil's Cia
Vale do Rio Doce (CVRD) lost out to China's Minmetals
in a battle to buy Canadian miner Noranda Inc, local
business daily Valor Economico said on Wednesday.
Valor quoted unnamed sources following the negotiations
Randgold says it might consider Iamgold deal but Gold Fields won''t
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Peter Blackburn and Nicole Mordant
Reuters
Wednesday, July 21, 1004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5733592
RIO DE JANEIRO/VANCOUVER -- China Minmetals
Nonferrous Metals Co. has beaten Brazil's Cia Vale do
Rio Doce in the battle to buy Noranda Inc., a Brazilian
newspaper said on Wednesday, adding more grist to a
At J.P. Morgan Chase, fraud claims are just ordinary business expenses
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Ben Harding
Reuters
Wednesday July 21, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5734180
JOHANNESBURG -- African gold producer Randgold
Resources said Wednesday it might consider a tie-up
with Canada's Iamgold Corp., but South Africa's Gold
Fields quashed rumours it was in the hunt.
Prosecution report says Citigroup, other banks assisted Parmalat fraud
Submitted by cpowell on Wed, 2004-07-21 03:00 Section: Daily DispatchesBy Justin Baer
Bloomberg News Service
Wednesday, July 21, 2004
http://quote.bloomberg.com/apps/news?
pid=10000103&sid=aHOTE3b.yvJY&refer=us
J.P. Morgan Chase & Co., the second- biggest U.S.
bank, had a quarterly loss after setting aside $2.3
billion to help settle lawsuits stemming from its role
in the collapse of companies such as Enron Corp.
Manipulation of gold price amid Greenspan testimony is taken for granted now
Submitted by cpowell on Mon, 2004-07-19 03:00 Section: Daily DispatchesWheaton River sells silver production
for over C$262M, creates Silver Wheaton
By Nancy Carr
Canadian Press
Thursday, July 15, 2004
http://www.canada.com/businesscentre/story.html?id=87E8916E-D911-4977-
80DF-73D8AABF47B8
TORONTO -- Wheaton River Minerals Ltd. is
selling all its silver production to a
Ted Butler: Watch these clues for any tapping into Comex silver stores
Submitted by cpowell on Mon, 2004-07-19 03:00 Section: Daily Dispatches9p ET Monday, July 19, 2004
Dear Friend of GATA and Gold:
Appended are a couple of today's precious metals
market commentaries that may be of interest,
particularly the first, from CBSMarketWatch, which
finds a market analyst talking openly about central
bank manipulation of the gold price.
We probably should expect gold and silver to be
hit hard Tuesday and Wednesday as Federal
Reserve Chairman Alan Greenspan testifies to
Japan mulls bank merger''s effect on gold demand
Submitted by cpowell on Thu, 2004-07-15 03:00 Section: Daily Dispatches12:14p ET Wednesday, July 14, 2004
Dear Friend of GATA and Gold:
Ted Butler's latest commentary is titled
"Great Expectations" and involves the
hiring of the chairman of the Commodity
Futures Trading Commission to become
president of the New York Commodities
Exchange. You can find Butler's commentary
at the Investment Rarities site here:
Wheaton transfers silver production to new company, complicating takeover bid
Submitted by cpowell on Thu, 2004-07-15 03:00 Section: Daily DispatchesBy Jim Hawe
Dow Jones Newswires
Thursday, July 15, 2004
http://sg.biz.yahoo.com/040715/15/3lpm6.html
TOKYO -- Gold's safe-haven appeal may
become a little tarnished among
Japanese investors if a proposed merger
between two banking giants brings about
some needed stability to the nation's
financial sector.
Still, many industry insiders believe
Ted Butler has ''great expectations'' for new Comex president
Submitted by cpowell on Wed, 2004-07-14 03:00 Section: Daily DispatchesBy Mathew Ingram
Globe and Mail, Toronto
Saturday, July 10, 2004
http://www.globeandmail.com/servlet/story/RTGAM.20040710.wxrtakingstoc
k10/BNStory/Business/
Gold has always had an almost mystical quality to it,
thanks to its association with legends such as King
Midas and Nebuchadnezzar. For some the yellow
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