Daily Dispatches

9p ET Friday, November 24, 2006

Dear Friend of GATA and Gold:

TheBullionDesk.com this week posted a long toast offered to the London Bullion Market Association during a dinner at Goldsmiths' Hall in London by the former marketing director of AngloGold Ashanti Ltd., Kelvin Williams, who retired this year. The text is appended and is remarkable for its insight into the gold business, its grudging recognition of GATA's work (if not quite by name), and, most of all, for its stunning self-contradiction.

By Emily Mathieu
National Post, Toronto
Friday, November 24, 2006

http://www.canada.com/nationalpost/financialpost/story.html?id=28752457-...

Overleveraged and unchecked investments in the hedge fund industry are keeping investment guru Eric Sprott up at night.

"My biggest fear, as a hedge fund manager is 'Where is the cash?,'" Mr. Sprott, chief executive and portfolio manager of Sprott Asset Management Inc., said yesterday. "My gut reaction is that we need regulation" of the industry, he said.

Fed's Help Enlisted
for Trip to Press China

By Stephen R. Weisman
The New York Times
Thursday, November 23, 2006

http://www.nytimes.com/2006/11/23/business/worldbusiness/23trip.html?_r=...
ness&oref=slogin

WASHINGTON -- Treasury Secretary Henry M. Paulson Jr. has enlisted Ben S. Bernanke, the Federal Reserve chairman, to join an unusual delegation of cabinet members to China next month that will press for changes in Chinese economic policies

Predators Abound as Mining Sector
Enjoys Record High Metal Prices;
All Is in Play In Consolidation Frenzy

By Andy Hoffman
Globe and Mail, Toronto
Thursday, November 23, 2006

http://www.theglobeandmail.com/servlet/story/LAC.20061123.RTAKEOVER23/TP...

Anything and everything is in play in the mining sector these days -- even the predators offering up billions of dollars for acquisitions have become prey. Hedge funds and other speculators are increasingly treating a bid by one miner for another as merely an invitation to further offers for one or both parties in the rush to consolidate amid record metals prices.