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Daily Dispatches

Barrick updates golden parachutes for top officers

Section: Daily Dispatches

Gold Market Summary for Thursday, March 18, 2004

By Jim Sinclair
a href=http://www.jsmineset.com/http://www.jsmineset.com//a

The formula for the explosion of gold in 1979 was a weak
dollar plus inflation in the midst of a recession. At the
moment, the Cartel is covering their short positions in
gold in expectation of higher prices.

I still expect the move in gold to be a chop out rather than

Sinclair: Weak dollar + inflation + soft business conditions = ballistic gold

Section: Daily Dispatches

10:05p ET Wednesday, March 17, 2004

Dear Friend of GATA and Gold:

Please ignore the previous dispatch, quot;Email
account disabling warning,quot; another malfunction
at Yahoo!Groups.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

----------------------------------------------------

To subscribe to GATA's dispatches, send an e-mail to:

gata-subscribe@yahoogroups.com

Please ignore the previous dispatch

Section: Daily Dispatches

10:11p ET Tuesday, March 16, 2004

Dear Friend of GATA and Gold:

There's a great story at MineWeb tonight by
Stewart Bailey about enormous institutional
investor interest in Durban Roodeport Deep.
You can find it here:

a href=http://trinity.mips1.net/MGGold.nsf/UNID/SBAY-5X5M56?OpenDocumenthttp://...

Or try this abbreviated link:

Market rigging eases, dollar under 108 yen; dollar oil price tops in 13 years

Section: Daily Dispatches

5:25p ET Wednesday, March 17, 2004

Dear Friend of GATA and Gold:

Please ignore the previous dispatch, quot;Notify
about your e-mail account utilization,quot;
another malfunction at Yahoo!Groups.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

----------------------------------------------------

To subscribe to GATA's dispatches, send an e-mail to:

gata-subscribe@yahoogroups.com

Please ignore the previous dispatch

Section: Daily Dispatches

Dollar Falls Below 107.79 Yen, Near 1-Month Low

a href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=4592220...

TOKYO, March 18 (Reuters) -- The dollar fell below 107.79
yen on Thursday on growing speculation that Japan may be
easing its aggressive intervention policy. The U.S. currency
fell to around 107.75 yen, a level not seen since Feb. 20.

Insight magazine asks: Is silver scandal on the horizon?

Section: Daily Dispatches

9:35p ET Monday, March 15, 2004

Dear Friend of GATA and Gold:

Please ignore the previous message, quot;Notify
about your e-mail account utilization,quot;
another malfunction at Yahoo!Groups.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

----------------------------------------------------

To subscribe to GATA's dispatches, send an e-mail to:

gata-subscribe@yahoogroups.com

Fed in no hurry to raise interest rates amid so little job creation

Section: Daily Dispatches

3p ET Tuesday, March 16, 2004

Dear Friend of GATA and Gold:

Insight magazine, a division of The Washington
Times, today published a wonderful examination
of GATA consultant Ted Butler's exhaustive
exposure of the manipulation of the silver
market. The examination comes in an article by
the magazine's staff writer, Kelly Patricia
O'Meara, and it shows how Butler's agitation,
lately aided by the GATA army, is having an

Dollar sinks on suspicions that Japanese intervention may be ending

Section: Daily Dispatches

Patient Fed leaves rates unchanged

a href=http://www.reuters.com/newsArticle.jhtml;jsessionid=IYHVPV4SCUQPUCRBAEht...
LCFFA?type=businessNewsamp;storyID=4580809amp;section=news

By Glenn Somerville
Reuters
Tuesday, March 16, 2004

WASHINGTON -- The U.S. Federal Reserve opted on Tuesday to
keep interest rates at 1958 lows and signaled it was in no

Currency intervention works only in short term, Japanese diplomat says

Section: Daily Dispatches

Bank of Japan report sinks dollar vs. yen

By Gertrude Chavez
Reuters
Tuesday, March 16, 2004

a href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=4579962...

NEW YORK -- The dollar plummeted against the yen on
Tuesday, reeling from a report late in the previous session
that Tokyo could halt selling yen for dollars by the end of

James Turk''s ''Eight Reasons to Ignore the New Central Bank Gold Agreement''

Section: Daily Dispatches

a href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=4581018...

WASHINGTON, March 16 (Reuters) -- Foreign exchange
intervention can be a useful short-term policy tool but
cannot truly manipulate the world's three major currencies
because of vast global capital flows, Japan's top financial
diplomat said on Tuesday.

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