Daily Dispatches

Julian Phillips: A ''spike'' or something else?

Section:

In the Face of Inflation,
Gold is a 24-Karat Bet

By David Nicklaus
St. Louis Post-Dispatch
Sunday, May 14, 2006

http://www.stltoday.com/stltoday/business/columnists.nsf/davidnicklau
s/story/8E4BBBF316D308268625716D000B2F5A?OpenDocument

The price of gold has risen $100 in a month and $300 in a year, but

Grandich expects short 10-15% dive in gold, then up again

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By Liam Halligan
The Telegraph, London
Sunday, May 14, 2006

http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/14/ccliam14.xml

On Friday the dollar plunged to a 12-month low. With sterling close
to $1.90 and further dollar falls likely, we could soon see a $2
pound.

Good news, then, if you have booked a holiday in America. But that

IMF acts to avoid market ''meltdown''

Section:

By Kevin Carmichael
Bloomberg News Service
Monday, May 15, 2006

http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aOZVD0xr9eSM&refer=home

WASHINGTON -- The Bush administration, seeking to narrow its near
record trade deficit, is signaling comfort with the dollar's 6.6
percent decline this year.

Treasury Secretary John Snow's calls for stronger Asian currencies

St. Louis business columnist quotes GATA board member Wistar Holt

Section:

From Reuters
via Gulf Times, Doha, Qatar
Friday, May 12, 2006

http://www.gulf-times.com/site/topics/article.asp?
cu_no=2&item_no=86033&version=1&template_id=48&parent_id=28

Kuwait revalued the dinar for the first time in 17 months on
Thursday, sparking a rally in regional currencies and intense market
speculation that Saudi Arabia, the world's top oil exporter, would

Central bankers are backing ''Plaza lite'' to devalue U.S. dollar

Section:

12:24p ET Sunday, May 14, 2006

Dear Friend of GATA and Gold:

Julian D.W. Phillips, editor of Gold Forecaster,
argues that the current rise in the gold price
is structurally different from the rise at the
end of the 1970s and thus is sustainable. His
latest essay is titled "A 'Spike' or Something
Else?" and you can find it at GoldSeek here:

http://news.goldseek.com/GoldForecaster/1147665540.php

Goodbye, ''strong dollar policy'' -- traders say U.S. is happy to see it fall

Section:

Unsustainable Gold on Brink of Crash,
US Metals Guru Peter Grandich Says

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, May 15, 2006

http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/15/cngold15.xml

An American metals guru has warned that gold could crash within
hours or days after a speculative "blowoff" last week to a 26-year

Kuwait revalues currency; other Gulf countries may follow

Section:

10:20p ET Saturday, May 13, 2006

Dear Friend of GATA and Gold:

James Turk, editor of the Freemarket Gold & Money
Report (www.fgmr.com), founder of GoldMoney,
co-author of "The Coming Collapse of the Dollar,"
and consultant to GATA, has given a wonderful
Internet radio interview to Tom Jeffries of
GoldRadioFM and HoweStreet.com. It credits GATA's
Gold Rush 21 conference for hastening the rise in

Howe Street interviews James Turk; GoldSeek interviews Bill Murphy

Section:

Labour's sale of half the Bank of England's reserves
to invest in euro and yen was 'impatient' and 'badly timed'

By Jason Niss
The Independent, London
Sunday, May 14, 2006

http://news.independent.co.uk/business/news/article422920.ece

Gold hit record highs on Friday, raising the cost of Gordon Brown's
decision to sell half of the UK's reserves to more than $6.5 billion

Chancellor''s losses hit $6.6 billion as gold touches record high

Section:

By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, May 13, 2006

http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2006/05/13/cncopp113.xml&sSheet=/money/2006/05/13/ixcityto
p.html

Thieves used to steal lead from church roofs. Now they raid railway
lines for copper.

The heavily-protected stretch of high-speed (TGV) track from Rheims

Despite higher gold prices, miners can''t boost production for years

Section:

By Helen Popper
Reuters
Friday, May 12, 2006

http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?
storyID=urn:newsml:reuters.com:20060512:MTFH67891_2006-05-12_20-50-
05_N12333316&symbol=EEL.V&rpc=44

LA PAZ, Bolivia -- Bolivia's investment-hungry mining industry is
not in line for a nationalization like that seen in the energy

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