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Daily Dispatches

Stunning trade deficit report pushes dollar down hard

Section: Daily Dispatches

1:17a ET Friday, August 13, 2004

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary
for Thursday, August 12, at LeMetropoleCafe.com
has been posted in the clear at FinancialSense.com
here:

http://www.financialsense.com/editorials/murphy/2004/0812.html

Note especially "Midas" contributor John Brimelow's

Crude rallies above $46 a barrel to a new historic high

Section: Daily Dispatches

By Kyle Peterson
Reuters
Friday, August 13, 2004

http://www.reuters.com/newsArticle.jhtml?
type=businessNews&storyID=5970501

CHICAGO -- The dollar fell sharply on Friday
following news that the U.S. trade deficit widened
much more than expected in June, calling into
question the health of the U.S. export market and
the broader economy.

Gold''s veterans counsel patience

Section: Daily Dispatches

From Reuters
Wednesday, August 11, 2004

http://biz.yahoo.com/rc/040811/minerals_iamgold_goldfields_2.html

JOHANNESBURG -- Gold Fields Ltd. plans to take
control of mid-sized Canadian gold firm Iamgold
Corp. in a $2.1 billion deal which will create the
world's seventh biggest gold miner, the firms said
today.

Omaha World-Herald raises the gold issue and cites GATA

Section: Daily Dispatches

By Peter Brimelow
CBSMarketWatch.com
Thursday, August 12, 2004

http://cbs.marketwatch.com/news/story.asp?guid=%7BD32A1740%2D03F3%
2D4202%2D8182%2DB739DF1C9CAA%7D&siteid=mktw

NEW YORK -- Gold stabs to the much-watched $400
mark, then subsides. And the gold geezers continue
patient.

Patience, in fact, has marked the veterans' approach

John Embry on ROB-TV: Central banks will lose their war on gold

Section: Daily Dispatches

10:28a ET Thursday, August 12, 2004

Dear Friend of GATA and Gold:

Thanks to the persistence of GATA supporters
in Nebraska, the Omaha World-Herald published
yesterday a couple of major stories,
wonderfully illustrated, about gold and about
money generally. (Our cause has gotten much
publicity from local and regional news
organizations because of the efforts of our
supporters around the world, so never

Gold Fields to take control of Iamgold, derailing Golden Star''s bid

Section: Daily Dispatches

By Ted Butler
Tuesday, August 10, 2004
www.InvestmentRarities.com

Once again the structure of the market, as depicted
by the COTs, foretold the path of least resistance in
gold and currencies. While not intended as a timing
mechanism, the sharp jump in gold and decline in
the U.S. dollar on Friday, August 6, were in
conformity with recent tech hedge fund activity.

The actual trigger was the monthly employment

Some analysts suspect that Fed will delay rate increase

Section: Daily Dispatches

Note: HSBC Bank is deeply involved in the
gold market. China is going to be if it
isn't covertly already....

* * *

Britain's HSBC Buying 19.9 Percent Stake
in Major Chinese State Bank for $1.7 Billion

By Joe McDonald
Associated Press
Saturday, August 7, 2004

http://biz.yahoo.com/ap/040807/china_hsbc_1.html

BEIJING -- British bank HSBC Holdings PLC is buying

Breakdown of gold-oil price ratio is huge evidence of price manipulation

Section: Daily Dispatches

A debate stirs about the FOMC;
Some analysts think Fed may hold rates steady Tuesday

By Gregory Robb
CBS Marketwatch.com
Monday, August 9, 2004

http://cbs.marketwatch.com/news/story.asp?guid=%7B7ABF8139%2D9AA0%
2D4C46%2D96EA%2DDA9A8B99DA01%7D&siteid=mktw

WASHINGTON -- Although they are still badly
outnumbered, some economists are beginning

Ted Butler: The new silver era starts revealing itself in price action

Section: Daily Dispatches

8:56a ET Tuesday, August 10, 2004

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary for
August 9 at LeMetropoleCafe.com has been posted in
the clear at GoldSeek.com and is especially
remarkable for quoting comments broadcast three
years ago by CNBC analyst Lawrence Kudlow about
the ratio of oil and gold prices. Using the ratio of
Kudlow's broadcast three years ago, Murphy notes that

James Turk: Uh-Oh, Look What Happened to the Dollar

Section: Daily Dispatches

Gold tops $400 for first time in two weeks;
jobs data drags U.S. dollar lower, lifting metals sector

By Myra P. Saefong
CBS.MarketWatch.com
Friday, August 6, 2004

http://cbs.marketwatch.com/news/story.asp?
column=Metals+Stocks&siteid=mktw

SAN FRANCISCO -- Gold futures closed above $400
an ounce for the first time in two weeks Friday, logging

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