Izzy Friedman explains optimism for silver; Ted Butler reports on CBOT


8:36p ET Tuesday, October 10, 2006

Dear Friend of GATA and Gold:

Izzy Friedman, mentor of silver market analyst Ted Butler, writes in "Silver for the Optimist, Gold for the Pessimist" that silver's prospects are better than gold's because of silver's tighter supply. And Butler reports on his notification of the Chicago Board of Trade that the concentration of silver shorts on the New York Mercantile Exchange's Comex division has wormed itself into the CBOT as well.

As miners battle each other, Bolivia may seize inactive mines


By Dan Keane
Associated Press
Sunday, October 8, 2006


Bolivia's president said Saturday the government should expropriate mines where private owners have not invested sufficiently, taking aim at the industry after clashes between rival bands of miners left at least 16 dead.

Gasoline price manipulation before the elections


By Peter Stojan
Friday, October 6, 2006

Is Goldman Sachs manipulating the gasoline futures market to push prices down before the November elections?

It sure looks that way. ...

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For the full essay:


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at the
New Orleans Investment Conference
Wednesday-Sunday, November 15-19, 2006


So much money and so little real economy to invest it in


Commodity derivatives were invented to help soak it up without raising prices.

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A Kink in Venture Capital's Gold Chain

By Miguel Helft
The New York Times
Saturday, October 7, 2006


The high-risk, high-return venture capital business may have turned into all risk and no return.

The gold price suppression scheme is being found out


3:38p ET Friday, October 6, 2006

Dear Friend of GATA and Gold:

If you doubt that the central bank scheme to suppress the gold price as part of a policy of rigging currency and bond markets is starting to be found out, take a look at the headline on the Sydney Morning Herald's republication today of yesterday's London Telegraph story by Ambrose Evans-Pritchard about the latest central bank gold sales:

John Embry's address to the Silver Summit


11:50a ET Friday, October 6, 2006

Dear Friend of GATA and Gold:

The address of Sprott Asset Management's chief investment strategist, John Embry, at the Silver Summit in Coeur d'Alene, Idaho, on Sept. 22 examined what he sees as the tremendous prospects for silver, the manipulation of the precious metals markets, and the silence of the mining industry in the face of that manipulation. Embry appealed to the industry to start standing up for itself. It was a brilliant, informative, and, let's hope, a motivating speech, and you can find it at the Sprott Internet site here:

Newmont President Lassonde speaks at CMRE dinner meeting in NYC Oct. 19


11a ET Friday, October 6, 2006

Dear Friend of GATA and Gold:

A reminder that Newmont Mining Corp. President Pierre Lassonde will be among the speakers at the fall dinner meeting of the Committee for Monetary Research and Education in New York City on Thursday, October 19.

The meeting will be held from 4 (registration and cocktails for a half hour) to about 9:30 p.m. at the Union League Club, 38 East 37th St., five short blocks south of Grand Central Station at the corner of Park Avenue. The dinner is always excellent and the speakers are often gold-friendly.

James Turk: Precious metals bending but not breaking


10a ET Friday, October 6, 2006

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, writes that the precious metals are "bending but not breaking." His latest technical analysis can be found in the "Founder's Commentary" box at the top left of the GoldMoney home page here:


CHRIS POWELL, Secretary/Treasurer

Gold selloff driven by central banks, not investors


It was all just another market-rigging operation, but it came at a huge price. Now ALMOST EVERYBODY is starting to understand it.

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Bank of France Blamed
for Big Selloff in Gold

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, October 5, 2006


Central banks may have dumped far more gold on the markets over the last three weeks than officially reported, accounting for the sudden plunge in prices that has stunned investors.

Barrick switches from hedging gold to hedging copper


From Reuters
Thursday, October 5, 2006


TORONTO -- Barrick Gold Corp.'s $1 billion copper-linked debt financing is a cheap way for the world's biggest gold producer to get cash to fund projects, one analyst said on Thursday.

Barrick is selling $1 billion in notes, consisting of $400 million of 5.75 percent notes due 2016 and $600 million of 6.35 percent notes due 2036.