Daily Dispatches

By Howard Ruff
The Ruff Times
February 2005
http://www.rufftimes.com

I recently got a phone call from a subscriber, David Homes. He is a
very sophisticated and significant gold investor. He has been
viewing with alarm the development of exchange-traded funds, or
ETFs. They will be touted more and more but he has some serious
reservations. I asked him to write an article. Read it carefully,

4:15p ET Saturday, February 5, 2005

Dear Friend of GATA and Gold:

Over the last week or so there have been some references
to an essay written by Alan Greenspan for The Wall
Street Journal in 1981, four years after he left the
chairmanship of the President's Council of Economic
Advisers and six years before President Reagan
appointed him chairman of the Federal Reserve Board.

The essay is appended here. It was titled "Can the

4:55p ET Saturday, February 5, 2005

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary
for Friday, February 4, at LeMetropoleCafe.com has
been posted in the clear at GoldSeek.com here:

http://news.goldseek.com/LemetropoleCafe/1107719796.php

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

9:37p ET Thursday, February 3, 2005

Dear Friend of GATA and Gold:

If you'd like to take your mind off the rigging
of the markets while the finance ministers meet
in London, here are a couple of good opportunities.

Richard Appel, observing that bull markets tend
to spend most of their time in downward
corrections, writes "Patience Will Be Rewarded."
You can find his essay at GoldSeek here: