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Daily Dispatches

If you like paper gold, you''ll love paper silver -- and here it comes

Section: Daily Dispatches

9:24p ET Tuesday, February 1, 2005

Dear Friend of GATA and Gold:

Kitco.com and metals market analyst (and world-class
wit and grouch) Doug Casey announced today that they
are teaming up in a new Internet site of precious
metals market data and commentary:

http://www.kitcocasey.com/

Bart Kitner's introductory letter about the site can
be found here:

Will Newmont take Gold Fields out of Harmony''s way?

Section: Daily Dispatches

By Zachary Howard
Reuters
Wednesday, February 2, 2005

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7517672

NEW YORK -- Barclays Global Investors may be seeking
to branch out in commodity-based exchange-traded funds,
such as silver and broad-based commodity ETFs, on the
heels of the debut of its iShares COMEX Gold Trust last

Citigroup memo reveals plan to rig euro bond market, destroy small traders

Section: Daily Dispatches

"Conspiracies rarely exist."

-- Dennis Gartman in The Gartman Letter, Sept. 14, 2004

* * *

Marsh & McLennan Will Pay $850 Million
to Settle N.Y. Bid Rigging and Kickbacks

By David Plumb
Bloomberg News Service
Monday, January 31, 2005

http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aOn.OJnXVJFE&refer=home

Citibank says memo on European bond market isn''t official policy ....

Section: Daily Dispatches

By Pivi Munter
Financial Times
Monday, January 31, 2005

http://news.ft.com/cms/s/086cefce-73ce-11d9-b705-00000e2511c8.html?
referrer_id=yahoo&ft_ref=yahoo1&segid=03058

Citigroup's huge trades in the eurozone government bond market last
August -- which were later described as "knuckle-headed" by Chuck

Gold miners will keep cutting hedges, if not as fast, analysts say

Section: Daily Dispatches

.... No, the firm's policy is not to create
incriminating evidence and not to get caught.

* * *

By The Associated Press
Tuesday, February 1, 2005

http://biz.yahoo.com/ap/050201/germany_citibank_2.html

BERLIN -- An internal memo from banking conglomerate
Citibank discussing strategies for squeezing out smaller
European bond market dealers does not reflect official

Everybody will talk about the dollar but nobody will do anything about it

Section: Daily Dispatches

By Clare Black and Veronica Brown
Reuters
Tuesday, February 1, 2005

http://www.reuters.co.za/locales/c_newsArticle.jsp?
type=businessNews&localeKey=en_ZA&storyID=7498285

LONDON -- Gold producers planning to cash in on the rising price for
their precious metal will further reduce forward selling commitments
in 2005, but the pace will slow, analysts said.

Ted Butler: Traders report shows silver is now an ultra-low-risk buy

Section: Daily Dispatches

By John Parry
Reuters
Tuesday, February 1, 2005

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh23473_2005-02-01_19-05-55_n01411133_newsml

NEW YORK -- The long-declining dollar will be on their minds when
finance ministers from the Group of Seven richest countries meet
Friday and Saturday in London, but analysts don't expect the

Eric Fry: What if someone had to write a prospectus for the U.S. dollar?

Section: Daily Dispatches

By Ted Butler
Tuesday, February 1, 2005
www.InvestmentRarities.com

The latest Commitment of Traders Report (COT) indicated a
continued improvement in the market structure for gold and
silver. This is the third consecutive weekly improvement in
the COTs since the bottom in early January. In gold the
dealers have reduced their net short position in COMEX
futures by over 112,000 contracts (11.2 million ounces) and

Kitco and Doug Casey team up in new Internet site

Section: Daily Dispatches

By Eric J. Fry
Tuesday, February 1, 2005
http://www.dailyreckoning.com/RudeAwake/Articles/Riskfactors.html

"You should consider carefully the risks described below
before making an investment decision," advises the
prospectus of the streetTRACKS Gold Shares (NYSE: GLD).
"Fluctuations in the price of gold could materially

Canadian Broadcasting Co. radio takes note of GATA''s Gold Rush 21 conference

Section: Daily Dispatches

By Joshua Krongold
Bloomberg News Service
Monday, January 31, 2005

http://www.bloomberg.com/apps/news?
pid=10000087&sid=aRC3_VPgxMgI&refer=top_world_news

NEW YORK -- The dollar may fall for the first week in three on
speculation Federal Reserve policy makers will keep a commitment to
raise their benchmark interest rate at a "measured pace," according

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