Daily Dispatches

Bullion banks and central banks struggle with explosive gold

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By Patrick Brethour
Globe and Mail, Toronto

http://www.globeandmail.com/servlet/story/RTGAM.20040112.wopec0112/BNS
tory/Business/

CALGARY -- OPEC is considering a move away from
using the U.S. dollar -- and to the euro -- to set its price
targets for crude oil, the highest-profile manifestation of
the debilitating effect of depreciation on the greenback's

Gold has passed his testing point but Elliott Waver Prechter still disses it

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8:50p ET Sunday, January 11, 2004

Dear Friend of GATA and Gold:

Michael Kosares, proprietor of Centennial Precious Metals
in Denver and the generous host of the forum at CPM's
Internet site, www.USAGold.com, has just written
brilliantly about Bundebank President Ernst Welteke's
obsession with the disposal of Germany's national
patrimony. Kosares' observations, posted at the USAGold
Forum, are appended here with kind permission.

Murphy to lead GATA delegation at Vancouver resource investment conference

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5:26p ET Monday, January 12, 2004

Dear Friend of GATA and Gold:

CBSMarketWatch columnist Peter Brimelow's commentary
today reports that Elliott Waver Robert Prechter seems to
be evading his pledge to repudiate his gold-bearish position
past $422 per ounce. While Prechter touts the short
position of the commercial traders in gold, Brimelow's
commentary cites GATA consultant Reg Howe's explanation

Clive Roffey''s predictions for the precious metals and South African gold shares

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BASEL, Switzerland, Jan. 11 (Reuters) -- Bundesbank President
Ernst Welteke said on Sunday Germany had made no decision
to sell gold yet but that it would seek an option under a new
gold agreement.

"This doesn't mean we will sell gold. It means we want an option
to sell gold. Whether we exercise it or not is another question,"
he told reporters.

The German central bank president said there was no agreement

Bundesbank president, hanging out at BIS, undercuts gold sales report

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2:20p ET Sunday, January 11, 2003

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary for
Friday, January 9, at the subscription site
LeMetropoleCafe.com has been posted in the clear at
Jim Puplava's "Financial Sense" Internet site here:

http://www.financialsense.com/editorials/murphy/2004/0111.html

Why is Bundesbank President Welteke obsessed with selling Germany''s gold?

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8:17p ET Sunday, January 11, 2004

Dear Friend of GATA and Gold:

As we await a press release from Bundesbank President
Ernst Welteke announcing discovery of technology for
turning lead into gold and cow manure into hot fudge
sundaes, let's enjoy Clive Roffey's predictions for the
precious metals generally and the South African gold
shares particularly, posted at Gold-Eagle here:

http://www.gold-eagle.com/editorials_04/roffey011104.html

''Midas'' for Jan. 9 posted in clear; Bundesbank prez tries to spook gold again

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1:18p ET Wednesday, January 7, 2004

Dear Friend of GATA and Gold:

CBSMarketWatch Editor Thom Calandra's latest
"StockWatch" commentary collects comments on
the prospects for gold and commodities and
quotes GATA consultant James Turk, founder of
GoldMoney and editor of the Freemarket Gold
& Money report. You can find Calandra's
commentary here:

http://cbs.marketwatch.com/news/story.asp?

Calandra''s ''StockWatch'' reports comments on prospects for gold and commodities

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8:14p ET Tuesday, January 6, 2004

Dear Friend of GATA and Gold

Donna Guzik of InvestorCanada.com has a great interview
with Sprott Asset Management President John Embry -- but
then, does he ever give a bad interview? Embry talks about
gold's prospects amid international currency debasement.
He argues that gold is returning to currency status and
that the rally in gold has only begun even as gold

InvestorCanada interview with Sprott Asset Management President John Embry

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9:45p ET Monday, January 5, 2003

Dear Friend of GATA and Gold:

Gold banker Ferdinand Lips, author of "Gold Wars,
The Battle Against Sound Money as Seen from
a Swiss Perspective," which includes generous
mention of GATA, has sent a copy of the book's
Swiss edition, titled "The Gold Conspiracy," to his
country's political leaders along with the covering
letter reproduced below.

Gold runs massive stops for highest close in 15 years; silver soars too

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8:10p ET Sunday, January 4, 2003

Dear Friend of GATA and Gold:

Once again GATA's great friend Jay Taylor has produced
what might well be considered a state paper in the gold
business -- a comprehensive interview with Blanchard &
Co. CEO Donald W. Doyle about Blanchard's increasingly
successful antitrust lawsuit against J.P. Morgan Chase
and Barrick Gold.

The interview, published in the December 15, 2003,

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