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Daily Dispatches
Russian exchange starts trading oil and gold in rubles next month
Submitted by cpowell on Mon, 2006-05-22 03:00 Section: Daily DispatchesFrom Reuters
Monday, May 22, 2006
http://asia.news.yahoo.com/060522/3/2kvnn.html
BEIJING -- China should buy more gold with its foreign exchange
reserves, an official newspaper said in a commentary on Monday.
The China Securities Journal said gold accounted for only 1.3
percent of China's foreign currency reserves, which hit a world
James Turk: Will $715 be a difficult hurdle for gold?
Submitted by cpowell on Sun, 2006-05-21 03:00 Section: Daily DispatchesBenchmark Files for Gold Exchange-Traded Fund
Financial Express, Mumbai
Friday, May 19, 2006
http://www.financialexpress.com/fe_full_story.php?content_id=127740
MUMBAI -- Benchmark Mutual has filed papers for India's first gold
exchange traded fund with the Securities and Exchange Board of India
(Sebi), as per information on the regulator's Web site on Friday.
India''s first gold EFT has a 7% service charge
Submitted by cpowell on Sat, 2006-05-20 03:00 Section: Daily DispatchesIn Gold We Trust
By David Ranson and Penny Russell
The Wall Street Journal
Thursday, May 18, 2006
Widespread fear of another global energy crisis is rife, especially
in light of the confrontation with Iran. But the second of Murphy's
Laws cautions that what actually goes wrong is seldom what we
anticipate. While the markets are clearly indicating something
ominous, the current situation is mischaracterized as an energy
Peter Grandich: What a difference a week makes!
Submitted by cpowell on Fri, 2006-05-19 03:00 Section: Daily Dispatches1:10a ST Friday, May 19, 2006
Dear Friend of GATA and Gold:
Silver market analyst Jason Hommel offers a great tonic
against despair for gold and silver -- his new essay
titled "Corrections." Hold on to your metal, he writes,
and know that you're going to win. You can find his
essay at GoldSeek's companion site, SilverSeek, here:
Corrected link to John Lee''s Gold Insider letter about Peru
Submitted by cpowell on Fri, 2006-05-19 03:00 Section: Daily Dispatches9:28p ET Friday, May 19, 2006
Dear Friend of GATA and Gold:
Peter Grandich's latest investment letter has been
posted in the clear at GoldSeek. He thinks the
recent decline in gold and silver is mostly done
with and he has some nice things to say about
GATA Chairman Bill Murphy. You can find the
Grandich Letter here:
Treasury secretary backs strong dollar but wishes China would weaken it
Submitted by cpowell on Fri, 2006-05-19 03:00 Section: Daily Dispatches9:49p ET Friday, May 19, 2006
Dear Friend of GATA and Gold:
The May 18 edition of John Lee's Gold Insider
newsletter has been posted in the clear and it
has a comprehensive review of the political and
economic situation in Peru, whose presidential
election campaign has scared some mining
industry investors. You'll probably want to take
a long look and you can find it here:
It''s not an energy crisis but a money crisis
Submitted by cpowell on Fri, 2006-05-19 03:00 Section: Daily DispatchesUS Treasury's Snow Says He Backs Strong Dollar
By Glenn Somerville
Reuters
Friday, May 19, 2006
http://today.reuters.com/investing/financeArticle.aspx?
type=bondsNews&storyID=2006-05-
19T135738Z_01_N19283785_RTRIDST_0_ECONOMY-SNOW-DOLLAR-UPDATE-1.XML
NEW YORK -- U.S. Treasury Secretary John Snow insisted on Friday
Risk of defaults hangs over London Metal Exchange
Submitted by cpowell on Thu, 2006-05-18 03:00 Section: Daily Dispatches9:40p Swiss time May 17, 2006
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler says the silver shorts
have pulled their most blatant manipulation yet to try
to escape their position. Any success they have, he
says, may be the "final wash-out." You can find Butler's
analysis at GoldSeek's companion site, SilverSeek, here:
Jason Hommel: Don''t worry about corrections in price
Submitted by cpowell on Thu, 2006-05-18 03:00 Section: Daily DispatchesCopper Trade Losses Spark Fear of Defaults
By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 18, 2006
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/18/cnlme18.xml&menuId=242&sSheet=/money/2006/05/18
/ixcity.html
The risk of defaults was hanging over the London Metal Exchange last
night after a clutch of clients failed to meet margin calls on
Ted Butler: The final wash-out in silver?
Submitted by cpowell on Wed, 2006-05-17 03:00 Section: Daily Dispatches11:25a ET Tuesday, May 16, 2006
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the
Freemarket Gold & Money Report and consultant
to GATA, stresses that the Dow Jones Industrial
Average is declining in terms of gold, and so
he advises "Hold Gold, Not the Dow," in a new
essay posted at Kitco here:
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