Daily Dispatches

John Hathaway: Beardsley Ruml''s Road to Ruin, Part 1

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11:19p ET Sunday, November 7, 2004

Dear Friend of GATA and Gold:

John Hathaway, manager of the Tocqueville Gold Fund,
has just written a long analysis of the prospects for
gold and the world financial system, "Beardsley Ruml's
Road to Ruin." Hathaway's work may be especially
satisfying to GATA supporters for quoting from the
speech given to the June meeting of the London
Bullion Market Association in Moscow by Oleg V.

Hathaway''s analysis is also posted at GoldSeek.com

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11:44p ET Sunday, November 7, 2004

Dear Friend of GATA and Gold:

You can also find John Hathaway's essay,
"Beardsley Ruml's Road to Ruin," and its
chart work at GoldSeek.com here:

http://news.goldseek.com/Tocqueville/1099928662.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

----------------------------------------------------

Bloomberg''s weekly gold price forecast survey gets it right half the time

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By Choy Leng Yeong
Bloomberg News
Monday, November 8, 2004

http://quote.bloomberg.com/apps/news?pid=nifea&&sid=aOSOl0uxw0RQ

Gold may top a 15-year high of $435 an ounce on
speculation the re-election of U.S. President George
W. Bush will erode the dollar's value and make
precious metals more appealing than U.S. stocks

Part 2: John Hathaway, ''Beardsley Ruml''s Road to Ruin''

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Imbalances must proliferate on artificial suppositions.
Asset values are marked to market in the absence of
an objective standard of value. Credit is extended on
the same false pretenses.Returns are illusory; the
security of credits a fiction. It is the sort of thing that
can happen, unchecked, only in a regime of central
planning.

The misdirection of capital flows in the current global
economy is illustrated by the U.S. trade deficit, the

Marshall Loeb: Double deficits and the faith-based dollar

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By Marshall Loeb
CBS.MarketWatch.com
Friday, November 5, 2004

http://cbs.marketwatch.com/news/story.asp?
dist=&param=archive&siteid=mktw&guid=%7B9FD981A2%2D4548%2D4761%2D9367%
2D6570A036B906%7D&garden=&minisite=

NEW YORK -- As if President Bush doesn't have enough
economic and investment problems to worry about in his

Financial Times: Stars aligned for gold; bullion fund may get SEC OK next week

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Gold market harking back to 1970s

By Kevin Morrison
Financial Times, London
Friday, November 5, 2004

http://news.ft.com/cms/s/a7beab52-2f1e-11d9-984e-00000e2511c8.html

The gold market is starting to resemble its 1970s form
after the price of the precious metal hit a 16-year high
on Friday, making the current rally the second-longest

Two new precious metals-oriented Internet sites

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"Conspiracies rarely exist."

-- Dennis Gartman
in The Gartman Letter,
September 14, 2004

* * *

Statement by the U.S. Commodity Futures Trading Commission
Thursday, November 4, 2004

http://www.cftc.gov/opa/enf04/opa5018-04.htm

WASHINGTON -- The U.S. Commodity Futures Trading
Commission (CFTC) today announced the filing and

BP Energy fined for conspiring to post phony electricity prices

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By Peter Brimelow and Ed Rubenstein
CBS.MarketWatch.com
Tuesday, November 2, 2004

http://cbs.marketwatch.com/news/story.asp?guid=%7BF9393879%2D35F0%
2D494B%2DBEB2%2D94BD328B929F%7D&siteid=mktw

NEW YORK -- Remember the boy who cried wolf -- and
one day the wolf ate him? How about crying "foreign
debt"?

Richard S. Appel: Gold bugs, be careful about what you wish for

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9:40p ET Thursday, November 4, 2004

Dear Friend of GATA and Gold:

GATA's great South African friend and a great
advocate of gold and of South Africa itself,
Peter George, has started a financial newsletter
and Internet site, which can be found here:

http://www.investmentindicators.com

The site is worth checking simply for George's brief

Is foreign debt a wolf at the door?

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By Glenn Somerville
Reuters
Monday, November 1, 2004

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh06518_2004-11-01_23-28-39_n01652613_newsml

WASHINGTON -- The Bush administration's retooled
rhetoric supporting a strong dollar while ceding control
to markets may be around for some time regardless

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