Daily Dispatches

John Embry raps Greenspan and World Gold Council leader

Section:

11a ET Saturday, May 26, 2007

Dear Friend of GATA and Gold:

Sprott Asset Management's chief investment strategist, John Embry, lands a few good blows in some recent commentary in Investor's Digest of Canada.

Banks turning to credit derivatives as trading tools

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By Gillian Tett
Financial Times, London
Thursday, May 24, 2007

http://www.ft.com/cms/s/0cc43410-0a26-11dc-93ae-000b5df10621.html

Global banks have started to use credit derivatives to expand their level of risk-taking -- rather than to hedge their own credit risks, according to new analysis.

Buenaventura eliminates gold hedges through 2009

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Buenaventura Completes 2007, 2008, and 2009 De-Hedging Program

Company Press Release
via Yahoo News
Thursday, May 24, 2007

http://biz.yahoo.com/prnews/070524/nyth143.html?.v=78

Project Turquoise is Goldman's scheme to put markets in the dark

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'Dark Pools' Emerge in Project Turquoise

By Norma Cohen and Anuj Gangahar
Financial Times, London
Thursday, May 24, 2007

http://us.ft.com/ftgateway/superpage.ft?news_id=fto052420071740587609

Eric Sprott: The era of China

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2:30p ET Thursday, May 24, 2007

Dear Friend of GATA and Gold:

China concedes little at U.S. summit

Section:

By Krishna Guha, Eoin Callan,
and Doug Cameron
Financial Times, London
Wednesday, May 23, 2007

http://www.ft.com/cms/s/1e91d272-096f-11dc-a349-000b5df10621.html

China on Wednesday agreed to a new aviation deal with the United States and offered limited concessions in financial services at the conclusion of top-level economic talks in Washington.

ETF captures 13% of world silver output

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By Saskia Scholtes
Financial Times, London
Wednesday, May 23, 2007

http://www.ft.com/cms/s/5c9acffe-0953-11dc-a349-000b5df10621.html

NEW YORK -- A single exchange-traded fund captured more than 13 percent of the world's silver output last year, according to data from GFMS, a precious metals consultancy.

It achieved this feat even though it was launched only in April last year.

Shanghai can't find domestic help -- the maids are out day-trading

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China's New Day-Traders Look to Back 'Black Horses'

By Geoff Dyer
Financial Times, London
Wednesday, May 23, 2007

http://www.ft.com/cms/s/2ca3603c-08cb-11dc-b11e-000b5df10621.html

Ted Butler: The raptors turn on the biggest shorts in silver

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3p ET Tuesday, May 22, 2007

Dear Friend of GATA and Gold:

Blanchard note: Record central bank gold sales offset miners' dehedging

Section:

10:15a ET Tuesday, May 22, 2007

Dear Friend of GATA and Gold:

Today's Blanchard Economic Research note reports that Western central bank gold sales are offsetting the recent dehedging being done by gold mining companies, and that these sales have just reached record levels.

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