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Portugal''s gold sales, rand strength, leverage in rare coins, and CMRE dinner

Section: Daily Dispatches

11:53p ET Thursday, April 24, 2003

Dear Friend of GATA and Gold:

In a new research essay, GATA consultant Mike Bolser
discloses the close correlation between Federal Reserve
repurchase agreements and the Dow Jones Industrial
Average and Major Currency Dollar Index. And people
STILL say the financial markets are not manipulated....

You can find Bolser's essay, complete with graphs,
at Gold-Eagle here:

a href=http://www.gold-eagle.com/editorials_03/bolser042603.htmlhttp://www.gold...

CHRIS POWELL, Secretary/Treasurer