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Daily Dispatches
China may default on copper contracts, exchange''s former lawyer says
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily Dispatches7:40p ET Thursday, November 18, 2005
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the Freemarket
Gold & Money Report and founder of GoldMoney, has
gotten out his long-term gold price chart and concludes
that "something fundamentally different" seems to be
happening.
Turk believes that gold's dramatic rise this week has
been prompted by the Federal Reserve's announcement
London Telegraph: Gold''s burst through $480 sparks covering by big shorts
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily DispatchesAs gold and silver prices rise,
will the shorts there simply
default too?
* * *
China May Default on Copper Contracts
Amid Shortage, Lawyer Says
By Matthew Craze
Bloomberg News Service
Friday, November 18, 2005
http://quote.bloomberg.com/apps/news?
pid=10000006&sid=a06N6xBoYZ.Q&refer=home
LONDON -- China may default on money-losing copper trades because
Even the Financial Times is starting to get it
Submitted by cpowell on Thu, 2005-11-17 03:00 Section: Daily DispatchesGold at 18-year High
After Russia Pledges to Pile in
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, November 18, 2005
http://www.telegraph.co.uk/money/main.jhtml?
xml=/money/2005/11/18/cngold18.xml&menuId=242&sSheet=/money/2005/11/1
8/ixcitytop.html
Gold surged to an 18-year high of $486.10 an ounce yesterday as
AP: Gold, silver shares up on inflation fears
Submitted by cpowell on Wed, 2005-11-16 03:00 Section: Daily DispatchesBy James Cook
InvestmentRarities.com
Tuesday, November 15, 2005
The November 8 edition of The Wall Street Journal carried an article
about the Silver Users Association's attempt to block the new silver
exchange-traded fund proposed by Barclays. They report the same
argument that Ted Butler explained in previous essays. Butler wrote
that there wasn't enough silver available for the fund and any
Mike Kosares: Gold will protect you best and then go on to save the world
Submitted by cpowell on Wed, 2005-11-16 03:00 Section: Daily DispatchesGold, Silver Shares Up on Inflation Fears
Gold, Silver Shares Climb
As Investors Seek Safe Haven
From Equities Vulnerable to Inflation
By The Associated Press
Wednesday, November 16, 2005
http://biz.yahoo.com/ap/051116/apfn_gold_mover.html?.v=1
NEW YORK -- Shares of gold stocks got a significant boost in
afternoon trading Wednesday, as investors sought a safe haven from
Rep. Ron Paul attends Lew Rockwell gold conference this weekend in San Mateo
Submitted by cpowell on Wed, 2005-11-16 03:00 Section: Daily DispatchesBy Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Tuesday, November 15, 2005
My concern about the hopeful scenario I outline below is that the
great trading nations of the world seem to have no interest in giving
up something small to gain something large. That would require
vision -- and risk.
My worst instincts tell me that we are destined to play the current
scenario out no matter what, and that is disturbing. When I see the
MiningMX reports debate on hedging at LBMA conference
Submitted by cpowell on Tue, 2005-11-15 03:00 Section: Daily DispatchesWhy silver could be the new gold:
A new scheme will make it easier
to buy 'the white metal,'
which should boost its value --
if America gives the green light.
By Kathryn Cooper
The Times, London
Sunday, November 13, 2005
http://business.timesonline.co.uk/article/0,,9556-1869207,00.html
Silver is often dismissed as a "poor man's gold," but it has risen
Fears about General Motors'' possible bankruptcy rising on Wall Street
Submitted by cpowell on Tue, 2005-11-15 03:00 Section: Daily Dispatches9a ET Tuesday, November 15, 2005
Dear Friend of GATA andGold:
The London Bullion Market Association conference
in Johannesburg this week debated hedging by gold
mining companies. MiningMX's David McKay has a
report about it:
http://www.miningmx.com/gold_silver/556565.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Bank of France calls gold sales necessary to FX diversification
Submitted by cpowell on Tue, 2005-11-15 03:00 Section: Daily DispatchesBy Aleksandrs Rozens
Associated Press
via Flint (Michigan) Journal
http://www.mlive.com/newsflash/regional/index.ssf?/base/news-
29/1132080249270260.xml&storylist=newsmichigan
NEW YORK -- An increasing number of investors are betting that
General Motors Corp., the world`s largest automaker, may be forced to
seek bankruptcy protection within the next six to 12 months as it
Dispatches on likely gold supply and demand
Submitted by cpowell on Tue, 2005-11-15 03:00 Section: Daily DispatchesBy Mariam Isa
Reuters
Tuesday, November 15, 2005
http://za.today.reuters.com/news/NewsArticle.aspx?
type=businessNews&storyID=2005-11-
15T124258Z_01_ALL545780_RTRIDST_0_OZABS-FRANCE-CBANK-RESERVES-
20051115.XML
JOHANNESBURG -- The Bank of France will use proceeds from planned
gold sales to diversify the foreign exchange component of its
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