Daily Dispatches

11:55p ET Thursday, December 19, 2002

Dear Friend of GATA and Gold:

Blanchard amp; Co.'s anti-trust lawsuit against
Barrick Gold and J.P. Morgan Chase is drawing
the usual sneers from the usual quarters.
Some of them were dispatched to you tonight,
particularly two items from the Toronto Globe
and Mail, Mathew Ingram's column and the news
story quoting MineWeb's Tim Wood and Martin
Murenbeeld of M. Murenbeeld amp; Associates Inc.

By James Sinclair, Chairman
Tan Range Exploration Corp.
Friday, December 20, 2002

I have learned to recognize that when a Federal Reserve chairman
discusses subjects, it is wise to take seriously not only what is
said but also that it is said. It was this approach that gave me the
cue in 1980 that Chairman Paul Volker was going to take the anti-
inflationary stance he did.It was this understanding that gave me the

TOCOM gold at 5 1/2-year high in panic buying

TOKYO, Dec. 19 (Reuters) -- Tokyo gold
futures ended a frantic morning session at
5 1/2-year highs on Thursday as roiling war
clouds over Iraq triggered a storm of stop-
loss buying.

All yen-based gold contracts except the new
December 2003 benchmark finished limit-up at
lifetime highs. Turnover was a staggering
144,782 lots or 144.8 tonnes in the morning,

The Alchemist
By A.A. Milne

There lives an old man at the top of the street,
And the end of his beard reaches down to his feet,
And he's just the one person I'm longing to meet,
I think that he sounds so exciting;

For he talks all the day to his tortoiseshell cat,
And he asks about this, and explains about that,
And at night he puts on a big wide-awake hat
And sits in the writing-room, writing.