Daily Dispatches

If the concentrated position had been short, would the LME have cared?


London Metals Exchange
Intervenes in Nickel Market

By Chris Flood
Financial Times, London
Thursday, June 7, 2007


The London Metal Exchange has intervened in the nickel market amid suspected collusion at a time of soaring prices and critically low stock levels.

China may buy commodity giant Billiton, researcher says


China May Want BHP Billiton

By Mandi Zonneveldt
Herald Sun, Melbourne, Australia
Thursday, June 7, 2007


BHP Billiton could be in the sights of a new $237 billion Chinese state-owned investment fund, according to Bell Potter research chief Peter Quinton.

Spain says it dumped gold for more profitable bonds


By Jonathan House
Dow Jones Newswires
via FXStreet.com
Wednesday, June 6, 2007


MADRID -- The Bank of Spain’s recent gold sales are part of a strategy to shift its reserves into more profitable fixed-income instruments, Spanish Finance Minister Pedro Solbes said Wednesday.

John Crudele: I've got a hot tip for the financial press


By John Crudele
New York Post
Wednesday, June 6, 2007


Attention: Wall Street Journal, New York Times, and Barron's.
The Labor Department over-estimated job growth again.

Last Friday the department reported that 157,000 new jobs were created in May.

Ted Butler: Silver's future brightens as tech funds withdraw


9p ET Tuesday, June 5, 2007

Dear Friend of GATA and Gold:

Neal Ryan: Gold thrives despite three months of record bank sales


10a ET Tuesday, June 5, 2007

Dear Friend of GATA and Gold:

Today's Blanchard Economic Research note by Neal Ryan reports that no three months have recorded as much central bank gold dishoarding as the last three months, and yet the gold price has held up well, signifying powerful demand.

James Grant: Gold joins the mainstream


By James Grant
Forbes magazine
June 18, 2007

Once upon a time gold was the sanctuary of nonconformists, visionaries, contrarians, idolators and cranks. And the gold price moved accordingly. If stocks went up, bullion went down, and vice versa. Which is to say, as the financial theoreticians say, that gold was an uncorrelated asset.

Michael Kosares: Turning point?


10:45p ET Monday, June 4, 2007

Dear Friend of GATA and Gold:

Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of the firm's wonderful forum at USAGold.com, has put together a summary of some recent interesting commentaries on the currency and precious metals markets. It is titled "Turning Point?" and you can find it at GoldSeek here:

James Turk: Measured in gold, stock market gains are illusory


5:40p ET Monday, June 4, 2007

Dear Friend of GATA and Gold:

GoldMoney founder James Turk notes that recent U.S. stock market gains are illusory when measured in gold rather than the declining U.S. dollar. His commentary "What New Record?" can be found at Kitco here:


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

GATA sympathizers invited to lunch in Canberra on June 11


5:25p ET Monday, June 4, 2007

Dear Friend of GATA and Gold:

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