Daily Dispatches

By Ted Butler
Wednesday, June 30, 2004

http://www.InvestmentRarities.com

I delayed this article for a day in order to review
the statistics concerning the first delivery day on
the COMEX July silver contract and to see if the
CFTC would correct the material error they made in
the latest Commitments of Traders Report (COT) for
COMEX gold, silver and copper. As it turns out,

8:54p ET Tuesday, June 29, 2004

Dear Friend of GATA and Gold:

Jim Sinclair's commentary tonight calls for gold adherents
to buy real metal to break the forces suppressing the gold
price, and he echoes Ted Butler's call for mining companies
to withhold some production whenever the bad guys pound
gold down, as they did today. A slightly edited version of
Sinclair's commentary is appended.

8:25a ET Monday, June 28, 2004

Dear Friend of GATA and Gold:

GATA consultant Reginald H. Howe, co-editor with
Robert K. Landis of GoldenSextant.com, has
studied the latest gold and silver derivatives
reports from the Bank for International
Settlements and has made some important findings:

1) There was a huge increase in bank and dealer
gold derivatives for the six months ended December

8:55a ET Thursday, June 24, 2004

Dear Friend of GATA and Gold:

Richard Russell, editor of Dow Theory Letters, had
this advice yesterday:

"So what's a poor investor to do? You want my honest
opinion? Cool it -- just sit tight. I've been saying
this for a while and I'll say it again -- sit in cash
with the insurance protection of gold and gold shares.
Markets are all overpriced, stocks yield nothing,