Daily Dispatches

Some 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.

By 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

11:53p ET Monday, May 8, 2006

Dear Friend of GATA and Gold:

The story about market manipulation appended here,
from Sunday's New York Times, was brought to your
attention by GATA last November when the Chicago
Sun-Times reported it:

http://groups.yahoo.com/group/gata/message/3422

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

To the editor of The New York Times:

"Finding Gold (and New Friends) in Gold" by Landon Thomas in your
May 7 edition reminded me of the three monkeys who "hear no evil,
see no evil, and speak no evil."

How does this mainstream journalist conclude from his findings that
GATA Chairman Bill Murphy's accusation that New York-based Goldman
Sachs and J.P. Morgan Chase have manipulated the gold market is "far-