Platinum Study - Is there enough?
11/28/2003

Mining Weekly - The US Department of Energy is at an advanced stage of study into the platinum industry, aimed at establishing whether the availability of platinum-group metals (PGMs) can be sustained in the long term, Mining Weekly can today exclusively report...
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Go for the Gold
11/21/2003

Don't see an upside in stocks, bonds or real estate? You could always buy a precious metal. Thrice this year the price of gold threatened, and failed, to go above $400 per ounce. Now the metal is at its most expensive since 1996 and is up 56% from a low of $252 in August 1999. The top precious-metal mutual funds have returned an average annual 46% over the past three years. Is it too late for arriviste goldbugs to get in
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Gold Futures Rise Above $400 for 1st Time in 7 Years
11/19/2003

BLOOMBERG - Gold rose above $400 an ounce for the first time in more than seven years as a drop in the dollar against the euro made the metal cheaper for European buyers. Gold for December delivery rose $2.60, or 0.7 percent, to $400.30 an ounce on the Comex...
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Dresdner sees gold price at high of $435 in '04
11/18/2003

REUTERS - Gold prices should hit a high of $435 an ounce in 2004, supported by increased investment demand, a weaker dollar and geo-political tensions, global investment bank Dresdner Kleinwort Wasserstein said on Monday. Investment demand will become increasingly important as slowing producer de-hedging is expected to become a less significant demand factor...
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Mideast tensions help push price of gold to fresh highs
11/14/2003

FINANCIAL TIMES - Gold moved within a whisker of the $400-a-troy ounce level yesterday, a point not breached since March 1996. Bullion prices have been propelled in recent days by increasing geopolitical tensions in the Middle East following the mounting death toll in Iraq...
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Government Outgrows Cap Set by President
11/12/2003

Confounding President Bush pledges to rein in government growth, federal discretionary spending expanded by 12.5 percent in the fiscal year that ended Sept. 30, capping a two-year bulge that saw the government grow by more than 27 percent, according to preliminary spending figures from congressional budget panels.
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Gold slightly higher as dollar fails to find support
11/11/2003

AFX - The price of gold nudged higher in midafternoon trade, as the dollar failed to recapture Friday's losses, analysts said. Analyst James Moore of TheBullionDesk.com said gold had continued to find support today "as favourable moves by the dollar lifted the metal to 384.75 usd." Moore said Friday's commitment of traders report revealed a 600,000 ounce reduction in the speculative net long on New York's COMEX exchange...
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Blanchard and Company Lawsuit Versus Barrick Gold Corporation and J.P. Morgan Chase & Co. to Move Into Discovery Phase
11/05/2003

PRNewswire - ... Blanchard's Complaint that Barrick and Morgan have violated U.S. antitrust laws by unlawfully combining to manipulate the price of gold and to monopolize the market in gold was brought in December of 2002... >>>>
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NY Precious Metals Review: Gold Drops $7.50 On Stronger Dollar
11/04/2003

OsterDowJones - Dec gold futures on the Comex division of the New York Mercantile Exchange plunged $7.50 per ounce, or 2%, to $377.10 Monday on good levels of dealer and fund selling spurred by the markedly stronger U.S. dollar. The U.S. currency was propelled higher by better-than-expected manufacturing and construction data that offered further signs that a recovery...
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Gold edges close to $400 on dollar weakness
11/28/2003

Financial Times - Gold edged higher on Friday following a rise in the euro to a record high against the US dollar. Spot gold was quoted at $398.00/$398.70 a troy ounce compared with the late quote in London on Thursday of $395.50/$396.20. Gold traditionally moves in the opposite direction to the US dollar, as it is widely viewed as a currency...
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It's time to increase gold reserves for China
11/20/2003

China Economic Net - In analyzing the present situation of China's gold reserves, we can sum it up from the following aspects: Firstly, gold reserves grow slowly in this country, and the cause is low output of gold. Before the reform and opening policy was adopted, our average annual output of gold was below 10 tons. At the tie, gold reserves mostly come from newly produced gold, and a small proportion of the output was for industrial purposes...
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Bank of China Opens Gold Trade to Individuals
11/18/2003

ASIA PULSE - The Bank of China, one of the four big state banks of China, today opened gold trade services to Chinese individuals here. Individual investors can now trade the precious metal at 95 business outlets of the BOC Shanghai Branch, or dial 95566 to make transactions or on-line trading at www.sh.bank-of-china.com. To encourage more individuals to participate in the gold trade, the BOC set 10 grams of gold as the lower limit for trade...
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Gold Nears $400 as Bombs Weaken Dollar
11/17/2003

SINGAPORE Gold rose on Monday to just a fraction below the $400-an-ounce level last breached in March 1996, lifted by a weakening dollar and a spate of bombings. Spot gold rose as high as $399.50 an ounce in early Asian trade...
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Gold futures hit 7-year high at $397
11/13/2003

CBS - At its highest point, gold for December delivery rose to $397 an ounce on the New York Mercantile Exchange, its highest intraday level since May 1996, when prices reached $398. The contract, which has already climbed $7.50 an ounce in the past three sessions...
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US Treasury holdings top $1,000bn...
11/11/2003

Holdings of US Treasury and agency bonds by foreign central banks have for the first time exceeded $1,000bn, calming fears that a rise in Asian currencies against the US dollar would prompt mass selling of US assets. The US Federal Reserve's latest weekly data show that foreign central banks hold $799bn in Treasury and $203bn in quasi-governmental agency bonds.
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U.S. Nickel to Get New Design on Back
11/06/2003

(AP) - After 65 years, the nickel is getting a change. In fact, the U.S. Mint announced Thursday that the back of the 5-cent piece will feature two new looks in 2004, one to come out in the spring, the other in the fall. The new nickels will commemorate the bicentennial of the 1803 Louisiana Purchase and the 1804-1806 Lewis and Clark expedition. The current design was introduced in 1938, and features the image of Thomas Jefferson on the front and his home, Monticello, on the back.
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Newmont to raise $1 bln, acquisition rumors fly
11/05/2003

REUTERS - Newmont Mining Corp. (NYSE:NEM - News) announced on Tuesday it will raise about a billion dollars in equity, a hefty sum that immediately set tongues wagging that the world's biggest gold producer was readying to make a big acquisition. Taking advantage of a share price that has leapt nearly 50 percent his year ...
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Chinese demand boom propelling commodity prices ever higher
11/03/2003

Agence France Presse - A rapid rise in many commodity prices over recent months is primarily down to one factor, experts say: the seemingly insatiable appetite for raw materials from China's swiftly expanding economy. "Chinese influence is tremendously strong - it is a key factor in all the commodities at the moment," is the verdict of Barclays Capital analyst Kevin Norrish...
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