Daily Dispatches

Royal Mint warns against melting pennies as dentists profit from scrap fillings

Section:

Gold Bugs

By Peter McKay
The Wall Street Journal
Thursday, May 11, 2006

Investing pros have begun pondering the possibility that gold will
hit a record over $800 a troy ounce soon. This means that the gold
bugs -- that patchwork of sometimes offbeat investors who love the
shiny stuff -- are happier, and louder, than ever.

Gold futures for May delivery have risen this week 3.2%, or $21.50,

After seven years, Wall Street Journal notices GATA

Section:

From RIA Novosti
Wednesday, May 5, 2006

http://en.rian.ru/russia/20060510/47932818.html

MOSCOW -- Russian President Vladimir Putin called Wednesday for work
on making the national currency convertible to be completed, oil and
gas to be traded in rubles on a domestic exchange, and an innovation-
based economy.

In his annual state of the nation address before both houses of

Russia''s president wants oil, gas traded in rubles on a domestic exchange

Section:

8:14p ET Wednesday, May 10, 2006

Dear Friend of GATA and Gold:

Investor's Business Daily, perhaps the most
technical U.S. market publication, today
interviewed silver market analyst Ted Butler,
which must have felt to him like an escape
from the wilderness.

Just a few days ago The New York Times
interviewed gold bug hero Jim Sinclair and
GATA's Bill Murphy and James Turk.

Are we getting respectable or just too

Metals trader seems to be begging central banks to smash gold again

Section:

By Xiao Yu
Bloomberg News Service
Wednesday, May 10, 2006

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

China aims to build up strategic reserves of minerals such as
uranium, copper, and aluminum to help meet rising demand and provide
a buffer against supply disruptions, the Ministry of Land and
Resources said.

David Morgan: The silver ETF, past and future

Section:

Some See Gold in China's Reserves

Metal Gets a Boost
From Talk of Switch
Out of U.S. Dollars

By James T. Areddy
The Wall Street Journal
Wednesday, May 10, 2006

http://online.wsj.com/article/SB114726053926948792.html?
mod=googlenews_wsj

SHANGHAI, China -- China is again underpinning commodity prices --
this time with bullish comments about gold.

Investor''s Business Daily interviews silver market analyst Ted Butler

Section:

By Rhona O'Connell
MineWeb.com
Wednesday, May 10, 2006

LONDON -- Mitsui Global Precious Metals, in conjunction with Virtual
Metals, has released its latest assessment of the global gold mine
hedge book and concludes that the market impact of the change in the
book in the first quarter of this year was a contraction of 5.0
million ounces.

That equates to 155.5 tonnes or the equivalent of almost exactly the

China plans to build strategic reserves of key minerals, along with oil

Section:

10:34p ET Tuesday, May 9, 2006

Dear Friend of GATA and Gold:

Resource Investor's James West has a fascinating
story about what may become the next Klondike
gold rush -- the work of Klondike Star Mineral
Corp., co-host and sponsor of GATA's Gold Rush
21 conference last August in Dawson City, Yukon
Territory, the conference that let the world
know exactly how the gold price was being
suppressed and that sent the gold price off to

China is supporting the gold market, at least with bullish talk

Section:

Gold and Silver Rally Will End, Trader Says

By Richard Milne
Financial Times, London
Wednesday, May 10, 2006

http://news.ft.com/cms/s/c404c338-e04c-11da-9e82-0000779e2340.html

The bubble-like levels of gold and silver prices cannot be sustained,
according to the head of the world's largest precious metals trader,

Massive reduction in gold hedging reported for first quarter of 2006

Section:

By David Morgan
Silver-Investor.com
Wednesday, May 10, 2006

Many pundits have written about the silver ETF, and of course we
also had our say. We thought it best to put into the public record
our exact thoughts from the past as presented in our monthly reports
before commenting further. As the reader will determine we presented
some interesting points and we were not completely correct in our

Yikes! China urged to quadruple gold reserves

Section:

"More orderly" because the central banks now
strategically dishoard enough gold to prevent
explosions -- as former Federal Reserve
Chairman Paul Volcker wrote in his memoirs
should have been done in the late 1970s?

* * *

Gold Rally Similar Yet 'More Orderly' Than in 1980

By Allen Sykora
Dow Jones Newswires
Tuesday, May 9, 2006

There are a number of similarities in the gold futures now compared

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