Daily Dispatches

Russia to price oil in euros in snub to US


1a ET Monday, October 13, 2003

Dear Friend of GATA and Gold:

Thanks to our friends who confirmed the authenticity of
that Reuters story about the reversal of the yen carry
trade and who provided a link to its posting at Forbes:


CHRIS POWELL, Secretary/Treasurer

Reuters story about reversal of yen carry trade was authentic


8:10p ET Sunday, October 12, 2003

Dear Friend of GATA and Gold:

Three stars of the gold world will attend the GATA
reception at the New Orleans Investment Conference
on Saturday evening, November 1:

-- Frank Veneroso of Allianz Dresdner, a GATA
consultant whose research has disclosed that
central bank gold lending is two to three times
larger than officially acknowledged. In an interview

Even the Bundesbank is giving the usual sign of desperation about gold


By Ambrose Evans-Pritchard
Daily Telegraph, London
October 10, 2003


BRUSSELS -- Russia is to start pricing its huge oil and gas
exports in euros instead of dollars as part of a stragetic

GATA reception in New Orleans features Veneroso, Embry, Wellesley-Wood


6:13p ET Sunday, October 12, 2003

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary from
Friday, October 10, at LeMetropoleCafe.com has been
posted in the clear at GoldSeek.com:


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

''Midas'' commentary for October 10 posted at GoldSeek


2:25p ET Sunday, October 12, 2003

Dear Friend of GATA and Gold:

What purports to be a Reuters story from London last
Thursday, appended here, forwarded by a GATA supporter
in Europe, does not seem to be available at the Reuters
Internet site, though many other stories by the author of
this story are available there. So either your
secretary/treasurer has botched his use of the Reuters
search mechanism, Reuters inadvertently omitted posting

Yen carry trade unwinding risks 1998-style fall in dollar


5:43p ET Saturday, October 11, 2003

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of The Freemarket
Gold & Money Report and consultant to GATA, has posted
a new commentary at the GoldMoney Internet site,
wherein he asks whether the Oct. 3 pounding of gold on
the Comex did any damage to gold's trend as charted
against currencies. Turk's charts show that gold's upward

Gold''s upward trend is intact, breakout likely within two months, Turk says


Putin's idea to price oil in euros may hurt dollar

By Carola Hoyos and Christopher Swann in London
and Andrew Jack in Moscow
Financial Times
Friday, October 10, 2003


After weeks of being battered on the foreign exchanges, the

Financial Times reports on Russia''s flirtation with the euro



WASHINGTON (Agence France-Presse) -- The US
administration has embarked on a risky strategy to
bring down the value of the dollar as part of an
effort to keep a fragile economic recovery on track.

Analysts say the US effort could alleviate some

Welcome to the weak dollar policy



YEKATERINBURG, Russia, Oct. 8 (Reuters) -- A German
government source said on Wednesday that Russia may
switch to pricing oil sales in euros rather than dollars,
potentially huge news for financial markets.

However, Russian energy and finance ministry officials
said they were unable to confirm any change was planned.

Russia may switch oil pricing to euros, German source says


10:24a ET Tuesday, October 7, 2003

Dear Friend of GATA and Gold:

CBSMarketWatch Editor Thom Calandra's latest
"StockWatch" column is an interview with
Ashanti Gold CEO Sam Jonah, and may be
especially interesting for Jonah's remark that
the International Monetary Fund is discouraging
the government of Ghana from investing in new
gold mines.

You can find Calandra's column here:

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