Daily Dispatches

Copper and other base metals are turning into currencies

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Single Asian Currency Comes a Step Closer to Reality

The Chosun Ilbo, Seoul, South Korea
Friday, January 13, 2006

http://english.chosun.com/w21data/html/news/200601/200601130018.html

The Asian single currency, which so far exists only in the minds of
economists and officials with international organizations, will take

AngloGold says more hedging unlikely for two years

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12:20a ET Thursday, January 12, 2005

Dear Friend of GATA and Gold:

Thanks to the extravagant generosity of the Larry
Reaugh companies -- Goldrea Resources Corp.,
Adanac Moly Corp., and MolyCor Gold Corp. --
the Gold Anti-Trust Action Committee will hold
a reception for its friends in the Vancouver area
at the conclusion of the Vancouver Resource
Investment Conference. We'll be celebrating the

No sale of dollar assets is planned, China''s central bank governor says

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By David Wigan
Reuters
Thursday, January 12, 2006

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh17537_2006-01-12_13-03-28_l12611867_newsml

LONDON -- Backlogs of trade confirmations on credit derivatives
continued to rise in 2005 despite bank efforts to fix the problem
after U.S. regulators demanded action, pricing provider Markit said

You''re invited to GATA''s reception at the Vancouver conference

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9:15p ET Tuesday, January 10, 2006

Dear Friend of GATA and Gold:

Orders now are being taken over the Internet for
copies of the DVD of the proceedings of the Gold
Anti-Trust Action Committee's Gold Rush 21
conference last August in Dawson City, Yukon
Territory, Canada.

The DVD is a two-disk set containing a
dramatic 25-minute summary of the conference
and about eight hours of the presentations of

Derivative backlogs rise despite banks'' efforts

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From Mining Weekly Online
Thursday, January 12, 2006

http://www.miningweekly.co.za/min/news/today/?show=79339

South Africa's AngloGold Ashanti is bullish enough about a strong
gold price that it does not expect to resume most hedging for at
least a couple of years, a top official said yesterday.

AngloGold, the world's second biggest gold producer, is the only

Murphy''s ''Midas'' commentary for Jan. 10 posted in the clear at Kitco

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China Losing Confidence in the Dollar

By Peter S. Goodman
Washington Post
Monday, January 9, 2006

http://www.washingtonpost.com/wp-
dyn/content/article/2006/01/09/AR2006010901042.html

SHANGHAI -- As China's industrial juggernaut has flooded foreign
ports with cheap factory-made goods in recent years, its central
bank coffers have filled with the bounty flowing back to these

China''s refusal to sell dollar assets doesn''t mean buying will continue

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8:25p ET Tuesday, January 11, 2006

Dear Friend of GATA and Gold:

Drop whatever you're doing and watch Sprott Asset
Management's chief investment strategist, John
Embry, on today's "Market Call with Jim O'Connell"
program on ROB-TV in Canada. Embry lands hard
blows against the gold cartel and Barrick Gold
while prophesying gold's imminent victory.

You can find Embry at the 12:30 p.m. segment of

Embry smashes the gold cartel and Barrick on ROB-TV

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8:21p ET Tuesday, January 11, 2006

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary
for January 10 at LeMetropoleCafe.com, "Why the
Gold Cartel Messed With the Wrong Irishman, and
A Salute to My Hero," has been posted in the clear
at Kitco.com here:

http://www.kitco.com/ind/Murphy/jan102006.html

DVDs of GATA''s Gold Rush 21 conference go on sale

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8:33p ET Tuesday, January 10, 2006

Dear Friend of GATA and Gold:

The comment of the Chinese central bank official
reported by the Reuters story appended here --
that China is not likely to "reduce its current
dollar assets to increase the proportion of other
assets,"even as "every country wants to diversify
its reserves -- can be construed to suggest that
China will apply NEW dollar receipts to other

Bill Bonner: Americans have been liberated from their own houses

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3:40p ET Monday, January 9, 2006

Dear Friend of GATA and Gold:

Like so many other news stories, the Dow Jones story
appended here seems meant to discourage investment
in gold, one-sided and studiously avoiding its own
contrary implications.

The story proclaims that the gold market is much too
small to accommodate any attempt by China to diversify
its huge U.S. dollar balance in foreign exchange.

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