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Daily Dispatches

China''s demand for raw materials won''t falter, mining specialists say

Section: Daily Dispatches

6:23p ET Tuesday, May 4, 2004

Dear Friend of GATA and Gold:

Mitsui's precious metals expert, Andy Smith, has made
a presentation in London noting that the gold price has
not kept up with the price of commodities. Unfortunately
for those who seek understanding of the gold market,
this observation was for Smith simply an opportunity to
swagger in triumph rather than cause for serious
inquiry about what even he implicitly acknowledges as

Jim Sinclair: Gold share bottom is in and gold will reach $480 in 103 days

Section: Daily Dispatches

By Veronica Brown
Reuters
May 4, 2004

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5037044

LONDON -- China's hunger for raw materials will drive
further demand for commodities such as metals despite
worries that the country's economy might overheat, a
panel of mining specialists said on Tuesday.

The suzerain of the largest exchange-rate manipulation in history

Section: Daily Dispatches

The Gold Creed

By Jim Sinclair
Tuesday, May 4, 2004
http://www.jsmineset.com

Please repeat after me: "In 103 days or less gold will
trade at $480."

I know this because:

* China is doing the right thing by increasing interest rates
to decelerate growth to a comfortable 4 percent per year.

* Increased interest rates are part and parcel of a major bull

An open letter to Jessica Cross, managing director of Virtual Metals

Section: Daily Dispatches

By Mark S. Wallace
Monday, May 3, 2004

Unfortunately I cannot attend the May 13-14 conference of
the American Institute for Economic Research in Great
Barrington, Mass., about resuming a gold standard, as
reported in GATA dispatch 2122:

http://groups.yahoo.com/group/gata/message/2122

But there are many more reasons now than there were

A gold-based financial system is more practical than ever, just impolitic

Section: Daily Dispatches

Gold May Rise as Fed Likely to Leave Benchmark Rate Unchanged May 3

By Claudia Carpenter
Bloomberg News Service
Sunday, May 2, 2004

http://quote.bloomberg.com/apps/news?pid=10000080&sid=adFYmvdcLnTE

NEW YORK -- Gold may rise this week, ending a five-week
slide, amid speculation the Federal Reserve on Tuesday will

Doubts that Fed will raise interest rates prompt buy recommendations for gold

Section: Daily Dispatches

4:07p ET Sunday, May 2, 2004

Dear Friend of GATA and Gold:

Jim Sinclair's two Sunday commentaries, "Jim's Mailbox"
and "A Technical Look at Gold and Its Market
Constitutents," are urgent and encouraging reading:

http://www.jsmineset.com/

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

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

Sunday commentaries by Jim Sinclair

Section: Daily Dispatches

Gold's monthly loss tops $40;
is this a buying opportunity?

By Myra P. Saefong
CBS.MarketWatch.com
Friday, April 30, 2004

http://cbs.marketwatch.com/news/story.asp?guid=%7B6E489D59%2D130B%
2D467B%2D86D9%2D6B039BAD3AEB%7D&siteid=mktw

Gold futures closed out April with a cumulative monthly loss
of more than $40 an ounce Friday, as growing expectations

Gold''s monthly loss tops $40; is this a buying opportunity?

Section: Daily Dispatches

9:24p ET Friday, April 30, 2004

Dear Friend of GATA and Gold:

Jason Hommel's latest "Silver Stocks -- Comparative
Valuations" report has been posted at his Internet
site along with some interesting commentary:

http://www.goldismoney.com/ssr/SS32.html

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

Japan admits receiving Russian gold but says it owes nothing now

Section: Daily Dispatches

By James R. Cook
Investment Rarities Inc.
http://www.investmentrarities.com
April 29, 2004

Almost all the human progress ever made has come because
of the single-mindedness of one lonely individual. They
scorned Henry Ford, ridiculed Edison and Einstein, and
burned Bruno at the stake. (He took the fall for Gallileo.)

A writer recently questioned Ted Butler's credibility because

Russian stock exchange tumbles on fears for oligarch bidding for Gold Fields

Section: Daily Dispatches

http://www.itar-tass.com/eng/level2.html?NewsID=765616&PageNum=0

TOKYO, April 30 (Itar-Tass) -- Japanese sources have
confirmed that Russia turned over 55 boxes of gold to
Japan from 1916-1920 to pay for supplies of military
hardware. But in the opinion of official Tokyo, Japan has
no Russian valuables that should have been returned to

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