Daily Dispatches

Shaky nerves about gold? Jim Sinclair has something to tell you

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10:37a ET Sunday, September 28, 2003

Dear Friend of GATA and Gold:

Jim Sinclair argues that nothing much happened in
gold last week except perhaps for the panic of some
gold shareholders. In his Saturday commentary,
"Saturday Coffee and the Gold Market," he writes:

"All that's happened so far is that gold touched the
overbought top line of its up channel and when it
backed away the Cartel jumped on it with Morgan

Gold last week bounced off the top and bottom of its up channel, Sinclair writes

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11:17a ET Saturday, September 27, 2003

Dear Friend of GATA and Gold:

MineWeb's Tim Wood analyzes Barrick Gold's presentation
about its hedging policy at the Denver gold conference and
finds it confusing and questionable. To the contrary, GATA
finds that Barrick's policy makes perfect sense if one
assumes, as the Blanchard vs. Barrick and Morgan Chase
lawsuit charges, that Barrick, with Morgan Chase's backing,

MineWeb confused by Barrick hedging policy, but Blanchard suit makes sense of it

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9:04p ET Friday, September 26, 2003

Dear Friend of GATA and Gold:

MineWeb's Tim Wood has a short commentary tonight on
China's golden ambitions as described in the China
Daily article just dispatched to you. Wood picks up
on what may be the most important point:

"Xi Jianhua, the Bank of China's gold business expert,
is also quoted saying that it would be 'safe and
feasible' for China to swap some foreign exchange

Why did gold go into reverse on Thursday?

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By Michael Kosares, Proprietor
Centennial Precious Metals, Denver
http://www.USAGold.com

Wednesday, September 24, 2003

Dubai did not produce an accord. It did not even produce
an accommodation. It ended as little more than an
affirmation of the status quo. So much so that the United
Kingdom and Japan basically said that nothing happened;
China dug in its heels, and the United States claimed that

China isn''t shaken out by usual desperate manipulation on commodities exchange

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8:20p ET Friday, September 26, 2003

Dear Friend of GATA and Gold:

John Embry, president of Sprott Asset Management
in Toronto and the one mutual fund manager who
acknowledges central bank intervention against the
gold price, has written an essay titled "15
Fundamental Reasons to Own Gold." You can read it
in the "Founder's Commentary" box at the top left
of the home page at GoldMoney:

"15 Fundamental Reasons to Own Gold," by Sprott Asset Management Prez John Embry

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1:47a ET Friday, September 26, 2003

Dear Friend:

Chris Temple of National Investor analyzes gold's abrupt
reversal downward Thursday, quotes GATA Chairman Bill
Murphy's Thursday night commentary at LeMetropoleCafe.com,
acknowledges that central banks may not want gold to rise,
and predicts that the struggle over gold may intensify
from hand-to-hand fight to global thermonuclear war. You

Imagine China''s swapping some of its mountain of treasuries for real metal

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8:30p ET Friday, September 26, 2003

Dear Friend of GATA and Gold:

While some Western gold bugs are being shaken out
by the usual desperate central bank and bullion bank
manipulation of the gold futures price on the
commodities exchanges at options expiration time,
China is revving up its gold markets and gold
business in anticipation of gold's return as the
pre-eminent currency and preserver of wealth.

The March of Folly: To Be Continued at an Economy Near You

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11:25p ET Wednesday, September 24, 2003

Dear Friend of GATA and Gold:

The Association of Mining Analysts will hold a half-day
seminar in London on Thursday, October 2, titled
"Prospects for Gold: Is the Bull Here to Stay?," and
GATA consultant Robert K. Landis, perhaps the
foremost authority on the hedging practices of Barrick
Gold, will be among the principal speakers.

The seminar concludes with a buffet lunch.

GATA''s Landis to tell mining analysts in London: Gold is money, so deal with it!

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10:14p ET Wednesday, September 24, 2003

Dear Friend of GATA and Gold:

Cambridge Conferences has its next big gold show
at the Telus Convention Center in Calgary, Alberta,
Canada, on Saturday and Sunday, October 4 and 5,
and GATA Chairman Bill Murphy will be among the
principal speakers.

Special friends of GATA who also will be speaking
include Bob Bishop of Gold Mining Stock Report,

GATA Chairman Murphy to speak at Cambridge Conferences gold show in Calgary

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http://biz.yahoo.com/djus/030924/1743000908_1.html

VANCOUVER (Dow Jones) -- Barrick Gold Corp. prefers to
take advantage of volatility in the gold price to reduce the
size of its hedgebook, rather than use capital to buy its way
out of hedge contracts, president and chief executive Greg
Wilkins said Wednesday.

At the Denver Gold Forum, Wilkins reiterated that the

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