Daily Dispatches

By Ted Butler
September 29, 2004

www.InvestmentRarities.com

Once again the COTs correctly depicted the market
structure and foretold the price direction in silver.
Following the tech fund long liquidation and sharp
selloff, the silver market rallied smartly once the
tech funds were cleaned out, as suggested in last
week's article, "The Setup?"

While it remains to be seen if this move turns into

Premier says China to make yuan more flexible

Reuters
Tuesday, September 28, 2004

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh92754_2004-09-28_11-51-09_pek174607_newsml

BEIJING -- Chinese Premier Wen Jiabao pledged on
Tuesday to push ahead with reform of the yuan
currency and make the exchange rate mechanism

8:40p ET Tuesday, September 28, 2004

Dear Friend of GATA and Gold:

China's English-language daily newspaper, China
Daily, today published a major opinion essay by
the head of the economics department of China
Foreign Affairs University. He argued that China
stands to suffer huge losses if it continues to
hold most of its foreign exchange reserves in
U.S. dollars, and he advocated converting those

8:21a ET Monday, September 27, 2004

Dear Friend of GATA and Gold:

While an in-the-clear Internet link is not available
for the Dow Jones Newswires story below, GATA has
confirmed its genuineness, so the question becomes
the reliability of the unidentified sources of the
source publication, the British paper The Business.

The consequences of the possible international
financial policy cited by those sources -- a