Daily Dispatches

Financial Times says Fannie Mae hides $25 billion in derivatives losses


10:45p ET Tuesday, March 9, 2004

Dear Friend of GATA and Gold:

We can't be sure how long it will remain active, but
here's a link to the Dow Jones Newswires story
about GATA's appeal to New York Attorney General
Eliot Spitzer:


German gold sale plan stalls but French show interest


3:27p ET Wednesday, March 10, 2004

Dear Friend of GATA and Gold:

Please ignore the previous message, "Notify
about your e-mail account utilization,"
another malfunction of Yahoo!Groups.

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


To subscribe to GATA's dispatches, send an e-mail to:


Please ignore the previous message


Derivatives losses fuel doubts over Fannie Mae

By Stephen Schurr in New York
Financial Times
Tuesday, March 9, 2004


Fannie Mae paid a net $25.1 billion on derivatives transactions
in under four years -- nearly all of which may represent losses

Silver closes above $7 for first time in eight years; gold regains strength


Gold traders show muted reaction to bankers' pact

By Kevin Morrison in London
and Tony Major in Frankfurt
Financial Times
Tuesday, March 9, 2004


The gold market's muted reaction to the renewal of the

New York attorney general''s office responds to GATA letter


10:30p ET Monday, March 8, 2004

Dear Friend of GATA and Gold:

Jim Puplava and Eric King provide wonderful fundamental
analysis and technical analysis of the precious metals
markets tonight at FinancialSense.com here:


Excellent commentary and charts. Hang on and don't
be bluffed out by the central banks and their

Dow Jones reports AG Spitzer''s acknowledgement of request for silver probe


Bigger Isn't Always Better
By Theodore Butler
March 9, 2004

Recently Forbes magazine released its annual listing of
the world's richest individuals. For those who may have
missed it, let me give you the highlights.

The criteria for making the list is a minimum personal net
worth of a billion dollars. That's one thousand million
dollars of personal net worth.

Just a few years ago, the list contained many with net

No gold lending business anymore, central banker tells Financial Times


9:27p ET Tuesday, March 9, 2004

Dear Friend of GATA and Gold:

MineWeb's Tim Wood and Dorothy Kosich are hard at
work in Toronto reporting about the opening of the
annual meeting of the Prospectors and Developers
Association of Canada. You can find their first
seven stories about the conference on the MineWeb
home page here:


Link to Dow Jones Newswires story about GATA appeal to AG Spitzer


Silver ends at 8-year high; gold climbs;
dollar, stock market lose ground; mining shares mixed

By Myra P. Saefong
Tuesday, March 9, 2004


SAN FRANCISCO -- Silver futures ended Tuesday's session

Billionaires can''t take the silver, but you can


3:25p ET Tuesday, March 9, 2004

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy has received from the
office of New York Attorney General Eliot Spitzer
a reply to GATA's appeal for an investigation of
the Comex silver market of the New York Mercantile
Exchange. Murphy's including a U.S. silver eagle
with his letter seems to have gotten a little
attention, even as the coin was returned to him.

Reports from the opening of the PDAC conference in Toronto


8:45p ET Tuesday, March 9, 2004

Dear Friend of GATA and Gold:

GATA's announcement today of the reply from the office
from New York Attorney General Eliot Spitzer turned up
as a story on Dow Jones Newswires late this afternoon.
Thus our request for investigation of the suppression
of the price of silver escaped into the mainstream media.

The lesson here is simply, once again, Churchill's

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