Daily Dispatches

Treasury Secretary Snow reported ready to resign


From InvestmentRarities.com
Tuesday, May 23, 2006

Jim Cook: We're starting this interview with silver off sharply from
its $15 high. How long can this go on?

Ted Butler: Generally, the sharper any move, the quicker it exhausts
itself. So I would say this selloff won't last long.

Cook: How low could it go?

Butler: I'd be surprised if we went below $12.

Cook: Why is that?

Butler: There has been massive liquidation of speculative longs and

Russia cools to dollar as it invests stability fund


By Jeannine Aversa
Associated Press
Thursday, May 25, 2006


Treasury Secretary John Snow has signaled to the White House that he
is ready to resign once President Bush has picked a successor,
administration officials and people close to Snow said Thursday.

Blanchard CEO Doyle sees gold at $800 this year, $1,000 in two years


From RIA Novosti News Agency
Monday, May 22, 2006


MOSCOW -- The Russian Trading System, Russia's premier stock market,
announced Monday that it would start trading in gold, oil, and oil
products on June 8.

The announcement comes in the wake of President Vladimir Putin's
state of the nation address May 10, when he said Russia, as a

Investment Rarities'' Jim Cook interviews Ted Butler: ''Load the boat with silver''


By Zach Howard
Tuesday, May 23, 2006

NEW YORK -- New Orleans coin and bullion dealer Blanchard & Co.
expects the price of gold to surpass $800 an ounce this year and
$1,000 in the next two years, driven by strong investment demand,
less producer hedging, and fewer central bank gold sales.

The top executive at Blanchard, the largest U.S. retailer of gold
and rare coins, said on Tuesday gold could experience seasonal

China should put more foreign exchange into gold, official paper says


By Peter Brimelow
Monday, May 22, 2006


NEW YORK -- This week's gold question: Is it a bull

Peter Brimelow: Gold bugs take note of retreat but not panicking yet


10:35a ET Sunday, May 21, 2006

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket
Gold & Money Report and consultant to GATA, is not
discouraged by last week's decline in the precious metals.
Having gotten out his charts, Turk writes:

"The bull market in the precious metals has not ended.
Gold simply took a breather when it touched resistance at

Russian exchange starts trading oil and gold in rubles next month


From Reuters
Monday, May 22, 2006


BEIJING -- China should buy more gold with its foreign exchange
reserves, an official newspaper said in a commentary on Monday.

The China Securities Journal said gold accounted for only 1.3
percent of China's foreign currency reserves, which hit a world

James Turk: Will $715 be a difficult hurdle for gold?


Benchmark Files for Gold Exchange-Traded Fund

Financial Express, Mumbai
Friday, May 19, 2006


MUMBAI -- Benchmark Mutual has filed papers for India's first gold
exchange traded fund with the Securities and Exchange Board of India
(Sebi), as per information on the regulator's Web site on Friday.

India''s first gold EFT has a 7% service charge


In Gold We Trust

By David Ranson and Penny Russell
The Wall Street Journal
Thursday, May 18, 2006

Widespread fear of another global energy crisis is rife, especially
in light of the confrontation with Iran. But the second of Murphy's
Laws cautions that what actually goes wrong is seldom what we
anticipate. While the markets are clearly indicating something
ominous, the current situation is mischaracterized as an energy

Peter Grandich: What a difference a week makes!


1:10a ST Friday, May 19, 2006

Dear Friend of GATA and Gold:

Silver market analyst Jason Hommel offers a great tonic
against despair for gold and silver -- his new essay
titled "Corrections." Hold on to your metal, he writes,
and know that you're going to win. You can find his
essay at GoldSeek's companion site, SilverSeek, here:


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