Daily Dispatches

Peter Brimelow: Gold above $500 is about time

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Treasury Yield Curve Partially Inverts;
Slow Housing-Market Data Help Create
Rare Situation; Watching for a Recession

By Mark Whitehouse
The Wall Street Journal
Tuesday, November 29, 2005

Bond investors, worried about slackening home sales, nudged the
threat level on their economic early-warning system a notch higher
yesterday.

In an unusual event known as a partial inversion of the yield curve,

James Turk: Even Russia has leased out most of its gold reserves

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7:48p ET Monday, November 28, 2005

Dear Friend of GATA and Gold:

Two major gold price monitoring Internet
sites, Kitco and Ino, report that gold
broke the $500 barrier at 7:30 p.m. U.S.
Eastern time tonight:

http://www.kitco.com/

http://quotes.ino.com/chart/?s=FOREX_XAUUSDO

Tan Range Exploration CEO Jim Sinclair

Brown''s gold sale losses pile up as bullion price surges

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By Le-Min Lim
Bloomberg News Service
Monday, November 28, 2005

http://quote.bloomberg.com/apps/news?
pid=10000006&sid=a1x1y3nvHDuU&refer=home

HONG KONG -- Liu Qibing, the Chinese copper trader whose wrong-way
bets left his government with an estimated $300 million in losses,
scored 90 out of 100 in a course on international investing at Wuhan

No-confidence vote topples Canadian government; election likely Jan. 23

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By Glenn Somerville
Reuters
Monday, November 28, 2005

http://today.reuters.com/business/newsarticle.aspx?
type=tnBusinessNews&storyID=nN28146785&imageid=&cap=

WASHINGTON -- The U.S. Treasury on Monday declined to name China a
currency manipulator, despite the demands of many U.S. lawmakers,
but served notice that it will keep pressuring Beijing to let its

Russian central banker says gold holdings may grow slowly

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By Pham-Duy Nguyen
Bloomberg News Service
Monday, November 28, 2005

http://quote.bloomberg.com/apps/news?pid=10000080&sid=aGWt5n2IX.kQ

Gold may rise for a fourth straight week, reaching $500 an ounce for
the first time since 1987, as investors purchase bullion as an
alternative to U.S. stocks, a Bloomberg survey shows.

Gold breaks $500

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What Flexibility? Yuan is Still Pegged to the Dollar

By Andy Mukherjee
Bloomberg News Service
Tuesday, November 29, 2005

http://quote.bloomberg.com/apps/news?
pid=10000039&cid=mukherjee&sid=akeAR2xWI0YA

There's a good chance that 2005 will be remembered in the financial
markets as the year in which China blinked and made the yuan more

China copper trader Liu may be scapegoat for weak risk controls

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By James Turk
GoldMoney.com
Monday, November 29, 2005

The following news agency report about Russia's gold reserves
contains interesting information.

* * *

By Peter Lavelle
RIA Novosti News Agency
Monday, November 28, 2005

http://en.rian.ru/russia/20051128/42241821.html

MOSCOW -- The Central Bank may increase the weighting of gold in its

U.S. Treasury declines to accuse China of manipulating currency

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By Bill Jamieson
The Scotsman, Edinburgh
Monday, November 28, 2005

http://business.scotsman.com/index.cfm?id=2313142005

Higher still and higher climbs the price of gold. It closed up late
on Friday at $495.70 an ounce in London and was even higher in Hong
Kong.

Since the start of the month, the precious metal has gained almost 9

Even that tiny float of China''s currency is a fraud, researchers discover

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Russian Central Bank Gold Holdings May Change Slowly

From RIA Novosti News Agency
Monday, November 28, 2005

http://en.rian.ru/russia/20051128/42241821.html

MOSCOW -- The Central Bank may increase the weighting of gold in its
reserves in years rather than months, Chairman Sergei Ignatyev said
Friday.

The comment came after President Vladimir Putin last week called for

Newmont acknowledges considering counterbid for Placer Dome

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Newmont Forecasts Gold to Rise
Above $1,000 on Asian Demand

By Miriam Steffens
Bloomberg News Service
Sunday, November 27, 2005

http://www.bloomberg.com/apps/news?
pid=10000080&sid=aotpaNV5Qtpw&refer=asia

SYDNEY -- Newmont Mining Corp., the world's largest producer of
gold, says the price of the precious metal may rise to more than

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