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Daily Dispatches

After seven years, Wall Street Journal notices GATA

Section: Daily Dispatches

From 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

Section: Daily Dispatches

10:34p 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

Gold 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

Section: 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.

Massive reduction in gold hedging reported for first quarter of 2006

Section: Daily Dispatches

By 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

Section: Daily Dispatches

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

NYTimes notices market manipulation study -- seven months later

Section: Daily Dispatches

By Andy Mukherjee
Columnist
Bloomberg News Service
Monday, May 8, 2006

http://quote.bloomberg.com/apps/news?
pid=10000039&refer=columnist_mukherjee&sid=aVreBEdY.5cg

Li Yong, China's vice minister for finance, said he had heard
a "rumor" that the U.S. dollar was headed for a 25 percent drop. If
the gossip was true, the consequences would be "shocking," he said.

Murphy''s ''Midas'' commentary for May 6: ''They just don''t get it''

Section: Daily Dispatches

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.

A reply to The New York Times: Pursue the market-rigging issue

Section: Daily Dispatches

12:05a ET Tuesday, May 7, 2006

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary for
Monday, May 6, at LeMetropoleCafe.com has been
posted in the clear at GoldSeek and it's titled
"They Just Don't Get It."

Will they "get it" with gold $100 higher? Don't hold
your breath.

You can find the May 6 "Midas" here:

http://news.goldseek.com/LemetropoleCafe/1147190400.php

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