Daily Dispatches

From The King Report
By William J. King
Friday, September 22, 2006

http://www.mramseyking.com/thekingreport.html

In yesterday's Wall Street Journal, Section C, there is a very interesting item in the article headlined "Some Investors Lose Their Zest For Commodities." The article notes that over that past few months, commodity funds have been liquidating commodity holdings. But here's the stunner: "Consider the Goldman Sachs commodity index, one of the most popular vehicles for betting on raw materials. In July, Goldman Sachs tweaked the index's content by cutting its exposure to gasoline. Investors tracking the index had to adjust their portfolios accordingly -- which sent gasoline futures prices tumbling."

2:45p ET Friday, September 22, 2006

Dear Friend of GATA and Gold:

MineWeb's Dorothy Kosich has filed two reports from the Silver Summit in Coeur d'Alene, Idaho.

The first is headlined "Packed Idaho Conference Attests that Silver Mining Is Thriving" and can be found here:

http://www.mineweb.net/american_notes/202540.htm

The second is headlined "Silver Outlook Is Positive, Say Analysts" and can be found here:

By Jon A. Nones
Resource Investor
Thursday, September 20, 2006

ST. LOUIS -- The European Central Bank reported yesterday that three central banks in the European Gold Agreement (EGA) decreased holdings by EUR 499 million ($633 million) in the week ending September 15. At today's gold prices, this totals 33 tonnes and puts Septembers gold sales at 40 tonnes so far.

"It's becoming clear that my suspicion of central bank selling is indeed a major factor behind the recent gold decline," said Peter Grandich, editor of The Grandich Letter in a note today.

12:13a ET Wednesday, September 20, 2006

Dear Friend of GATA and Gold:

For an hour Tuesday Canada's Report on Business Television sponsored "The Great Gold Debate" between our hero, John Embry, chief investment strategist for Sprott Asset Management in Toronto; Paul van Eeden, the well-known gold market analyst and president of Cranberry Capital; and Stephen Hochberg, chief market analyst for Elliot Wave International.