Daily Dispatches

Recommended reading: Calandra, Hathaway, Sinclair, Murphy



By Daniel Bases

NEW YORK, Nov. 19 (Reuters) -- The U.S. Justice
Department said on Wednesday it charged 47 people,
including employees of J.P. Morgan Chase and UBS,
with fraud and other criminal offenses in the
foreign exchange market after a slew of arrests

Feds Charge 47 in Foreign Exchange Fraud


9:15p ET Tuesday, November 18, 2003

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary
for Monday, November 17, at LeMetropoleCafe.com
has been posted in the clear at GoldSeek and
Kitco here:



Options writers desperate to keep gold below $400 through Monday, Embry says


10:51p ET Wednesday, November 19, 2003

Dear Friend of GATA and Gold:

Tonight's recommended reading.....

* Thom Calandra's "StockWatch" column at
CBSMarketWatch asks: Inflation or deflation?
Calandra quotes GATA consultant Frank Veneroso.
You can find it here:


Heed Buffett''s view of the U.S. dollar, James Turk writes


11:44p ET Monday, November 17, 2003

Dear Friend of GATA and Gold:

John Embry, president of Sprott Asset Management
in Toronto, will be the guest on the "Market Call"
program with Jim O'Connell on Report on Business
Television in Canada at 12:20 p.m. Tuesday.

CHRIS POWELL, Secretary/Treasurer

''Midas'' commentary for November 17 posted at GoldSeek and Kitco


7:58p ET Tuesday, November 18, 2003

Dear Friend of GATA and Gold:

The gold price pierced $400 at 7:45 p.m.
Eastern time. As Churchill might say,
it's not the end, nor the beginning of
the end, but perhaps the end of the
beginning. Thanks to all who have
mobilized in the continuing struggle for
free markets and free people.

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

Gold hits $400


4:53p ET Tuesday, November 18, 2003

Dear Friend of GATA and Gold:

GATA consultant James Turk, editor of the Freemarket
Gold and Money Report and proprietor of GoldMoney,
has new commentary at the GoldMoney Internet site.
It's titled "Warren Buffett's View of the U.S. Dollar,"
and you can find it in the "Founder's Commentary"
box at the top left of the GoldMoney site here:

Gold knocks on $400 as Tokyo stocks fall sharply


5:51p ET Sunday, November 16, 2003

Dear Friend of GATA and Gold:

Check out these divergent views on commodities.

Jim Sinclair and Monty Guild write "A Little Help from
Your Friends" at Sinclair's Internet site. They argue
that rising standards of living in China and Asia will
send commodities prices up for years. You can find
their essay here:


The prophet speaks again


9:27p ET Monday, November 17, 2003

Dear Friend of GATA and Gold:

No doubt many gold and silver partisans were discouraged
today by the pounding of the metals on the New York paper
markets and the corresponding decline in many gold and
silver shares. But they should not be discouraged.

Even six months ago a pounding such as today's would
have kept the gold price down for weeks and the shares

Today was a victory for precious metals, not a defeat


Gold prices push past $399 in Asia

By Allen Wan and Myra P. Saefong
10:48p ET Sunday, November 16, 2003

TOKYO -- Gold prices pushed past the $399 an ounce mark
in Asia Monday on worries over the sliding dollar, the Iraqi
situation, and fears of rising inflation in the United States.

Spot gold prices rose as high as $399.50 before easing from
that level to trade around $397.40 by midday Tokyo.

Looks like metals ''melt-up'' began last week, Turk says


11:44a ET Sunday, November 9, 2003

Dear Friend of GATA and Gold:

Plenty of importance to read today, if you haven't read some
of it already.

* GATA's Ed Steer asks, "Is the Washington Agreement a
Fraud?" Fraud, Steer writes, in the sense that the agreement
among central banks wasn't meant to rescue the gold price,
as it was presented, but rather to rescue the banks
themselves. You can find Steer's essay here:

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