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Daily Dispatches

How the U.S. government surreptitiously rigs not just gold but long bond rates

Section: Daily Dispatches

10:45p ET Saturday, December 13, 2003

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's quot;Midasquot; commentary at
LeMetropoleCafe for Friday, December 12, has been
posted in the clear at GoldSeek here:

a href=http://news.goldseek.com/LemetropoleCafe/1071421893.phphttp://news.golds...

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

OPEC president opposes switching oil pricing out of dollars into euros

Section: Daily Dispatches

10:11p ET Friday, December 13, 2003

Dear Friend of GATA and Gold:

Repeat after me: We're winning. We're winning. We're
winning. We're winning.

Then, for calming down, reward yourself with Clive
Roffey's new commentary at Gold-Eagle, quot;Gold et al.quot;:

a href=http://www.gold-eagle.com/editorials_03/roffey121403.htmlhttp://www.gold...

''When it comes to gold, GATA is the truth,'' Sprott''s Embry says

Section: Daily Dispatches

By Edmund Blair
a href=http://www.reuters.com/newsArticle.jhtml?type=topNewsamp;storyID=3984594...

CAIRO, Dec 12. (Reuters) -- OPEC will not consider switching
dollar-denominated oil sales to the euro because of the
difficulties involved in such a ground-breaking shift, cartel
President Abdullah al-Attiyah of Qatar said on Friday.

''Midas'' commentary for December 12 posted in the clear at GoldSeek

Section: Daily Dispatches

10:45p ET Saturday, December 13, 2003

Dear Friend of GATA and Gold:

Thanks to John Embry, president of Sprott Asset
Management in Toronto, for his kind remarks
about GATA in the essay he wrote for the December
5 issue of Investor's Digest of Canada, and to
Investor's Digest for permission to share the
essay with you below.

Embry writes:

quot;GATA, the Gold Anti-Trust Action Committee,

Foreign central banks reduce buying of U.S. government debt

Section: Daily Dispatches

a href=http://quote.bloomberg.com/apps/news?http://quote.bloomberg.com/apps/new...
pid=10000101amp;sid=a3Zf4qSM7L20amp;refer=japan

From Bloomberg News
Thursday, December 11, 2003

The Bank of Japan sold yen and bought dollars in Tokyo,
said traders at financial institutions that deal with the
nation's central bank, marking the third consecutive day
of currency sales.

Japan sold its currency at about 108.30 per dollar, said

The money''s no good, PIMCO''s Gross says, so buy ''reflatables'' with it

Section: Daily Dispatches

a href=http://www.reuters.com/financeNewsArticle.jhtml?http://www.reuters.com/f...
storyID=3978831amp;type=bondsNews

US Treasuries slip, foreign central banks shy away

NEW YORK, Dec. 11 (Reuters) -- Treasuries prices were
knocked lower on Thursday after an auction of new U.S.
government debt attracted disappointing demand,
including from foreign central banks.

South Africa cuts interest rate but less than anticipated

Section: Daily Dispatches

12:27a ET Friday, December 12, 2003

Dear Friend of GATA and Gold:

PIMCO bond fund manager Bill Gross has some new
advice -- essentially that the money's no good so
spend it quick on quot;reflatablesquot; and undertakings
that borrow at 1 percent rather than lend at that
below-inflation rate.

Some excerpts from Gross' new essay:

quot;Faced with the apparent necessity to maintain U.S.

South Africa cuts interest rates by half point but less than anticipated

Section: Daily Dispatches

By Vernon Wessels
Business Report, South Africa
December 12, 2003
a href=http://www.busrep.co.za/index.php?fArticleId=307301http://www.busrep.co....

PRETORIA -- The threat of rising inflationary pressures in
2005 gave the Reserve Bank's monetary policy committee
only enough space to ease interest rates by 50 basis points
yesterday, disappointing the market, which had expected a

Calm down; we''re winning

Section: Daily Dispatches

a href=http://www.reuters.com/financeNewsArticle.jhtml?http://www.reuters.com/f...
storyID=3978831amp;type=bondsNews

US Treasuries slip, foreign central banks shy away

NEW YORK, Dec. 11 (Reuters) -- Treasuries prices were
knocked lower on Thursday after an auction of new U.S.
government debt attracted disappointing demand,
including from foreign central banks.

Robert Blumen essay at Gold-Eagle: ''The Dollar Crisis''

Section: Daily Dispatches

4:22p ET Wednesday, December 10, 2003

Dear Friend of GATA and Gold:

Before you hurt yourself over today's action in the
gold and silver shares, you might want to read
CBSMarketWatch Editor Thom Calandra's commentary.
It begins:

quot;Don't sweat the small stuff. That's what I should have
told the friend who called early this morning, asking
why the metals equities weren't rising in turn with gold,

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