Daily Dispatches

OPEC considers switching from dollars to euros or currency mix

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10p ET Tuesday, December 9, 2003

Dear Friend of GATA and Gold:

Here's a Reuters story about a lawsuit that, in the
United States, would be laughed out of court thanks
to the First Amendment. Canada is different from
the United States. Often that's good, but not always.

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

* * *

Court OKs Barrick lawsuit against Blanchard

Don''t sweat the small stuff: Calandra insists that the metals rally is still on

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http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=3957771

CARACAS, Venezuela, Dec. 8 (Reuters) -- OPEC Secretary
General Alvaro Silva said on Monday that oil cartel OPEC
could discuss trading crude in euros or in a basket of
currencies instead of dollars in the future.

"There is talk of trading crude in euros. It's one of the

Gold''s great future, and South Africa''s too

Section:

9p ET Tuesday, December 9, 2003

Dear Friend of GATA and Gold:

Whatever the fate of the dollar, it's starting
to get commented on, if not much in the United
States. A big article in today's Financial Times,
appended here, says China has joined OPEC
countries in dumping dollars. And Marshall
Auerback of Prudent Bear has typically brilliant
analysis, reposted at GoldMoney, headlined "It's

Can dollar''s decline be kept under control?

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9:08p ET Monday, December 8, 2003

Dear Friend of GATA and Gold:

Since a gold bug can need and deserve a cold beer after
a day of jousting in the markets with the gold cartel,
today's most important gold news may be the appointment
of former Barrick CEO Randall Oliphant to the board of
Coors Brewing Co. (The press release is appended.)

This probably means that Coors will be leasing and

Canada is different from the U.S., but that''s not always good

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9:22p ET Tuesday, December 9, 2003

Dear Friend of GATA and Gold:

GATA's great friend Peter George of Trinity Holdings
in South Africa has prepared a brilliant and comprehensive
analysis of gold's future that, while written from a South
African perspective, is bound to be compelling for any
serious gold investor anywhere. George's analysis is titled
"South African Golds and the Rand" and you can find it here

Barrick''s ex-CEO joins beer company; Bugos, Sinclair fight; OPEC dumping dollars

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5:16p ET Monday, December 8, 2003

Dear Friend of GATA and Gold:

GATA consultant James Turk, proprietor of GoldMoney and
editor of the Freemarket Gold & Money Report, has analyzed
the prospectuses of the World Gold Council's new bullion
funds in Britain and the United States and found that they
not only fail to insure that the funds are fully backed by
gold but also refuse to accept responsibility for any

Gold council''s bullion funds may not have the gold -- and refuse responsibility

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3:27p ET Sunday, December 7, 2003

Dear Friend of GATA and Gold:

Important reading today....

Jim Sinclair says the current move in gold is "the big
one" with "mind-blowing bullish potential," "a runaway
freight train" with "$529" written on it. You can find
Sinclair's commentary, titled "Notice to the Gold
Community," here:

http://www.jsmineset.com

Sinclair sees the big move in gold as Turk notes Fear Index''s breakout

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3:19p ET Saturday, December 6, 2003

Dear Friend of GATA and Gold:

Gold's price must be gaining explosive potential again,
for a former official of the Bank for International
Settlements told a gold conference in Dubai today that
central banks may increase their gold sales.

The Reuters account of the ex-BIS official's remarks is
appended, but the important thing to remember is that
what central banks call gold "sales" may be only the

Who''s right about the gold short position? Will GFMS debate?

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12:05a ET Saturday, December 6, 2003

Dear Friend of GATA and Gold:

Stanlie Hunt of the "Smartstox Talk Show" got an
interview with GATA Chairman Bill Murphy and
European gold fund executive and author Ferdinand
Lips in Vancouver on November 25. Lips, a longtime
GATA supporter, gold banker, and gold-standard
advocate, was being honored for his recent book,
"Gold Wars," at a dinner sponsored by John Newell

When central banks say gold "sales," they may mean just forgiving gold loans

Section:

2a ET Saturday, December 6, 2003

Dear Friend of GATA and Gold:

Doug Casey, editor of International Speculator, has a
brief but excellent column at WorldNetDaily making
the case for gold investments. You can find it here:

http://www.wnd.com/news/article.asp?ARTICLE_ID=35952

And Chris Temple of National Investor analyzes what's

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