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Daily Dispatches

Ted Butler: Market rigging is blowing up but silver miners still don''t see it

Section: Daily Dispatches

Private Investors Abroad
Cut their Investments in U.S.

By Eduardo Porter
The New York Times
Tuesday, October 19, 2004

http://www.nytimes.com/2004/10/19/business/worldbusiness/19dollar.html
?ex=1099219293&ei=1&en=787550cf64944fa5

The flow of foreign capital contracted in August as
private investors lost some of their appetite for

Marc Faber: Excess liquidity can slosh into commodities and push them up fast

Section: Daily Dispatches

Right In Front of Our Eyes

By Theodore Butler
www.InvestmentRarities.com
Tuesday, October 19, 2004

There were two extraordinary developments last
week. Although the connection was not made
openly, they were very much related.

The first development was the historic one-day
selloff in the base metals on October 13. It is
difficult to recall a day when metals such as
copper, aluminum, zinc, and lead fell by as much

Harmony to bid for Gold Fields, jeopardizing Gold Fields'' merger with Iamgold

Section: Daily Dispatches

"Conspiracies rarely exist."
-- Dennis Gartman
in The Gartman Letter,
September 14, 2004

* * *

Marsh & McLennan Accused of
Price Fixing and Collusion

By Thor Valdmanis, Adam Shell and Elliot Blair Smith
USA Today
Friday, October 15, 2004

http://www.usatoday.com/money/industries/insurance/2004-10-15-spitzer-

Oil surges past $55 in Asian trading Monday

Section: Daily Dispatches

Harmony set to bid for Gold Fields

By John Reed in Johannesburg
and Arkady Ostrovsky in Moscow
Financial Times, London
Sunday, October 17, 2004

http://news.ft.com/cms/s/5c410f94-2078-11d9-af19-00000e2511c8.html

South African gold producer Harmony, with the backing
of Russian metals giant Norilsk Nickel, is poised to

Westerners may not be the only ones who know how to rig markets

Section: Daily Dispatches

Deficit issue to figure in debate;
Budget watchers blast both candidates

By William L. Watts
CBS.MarketWatch.com
Wednesday, October 13, 2004

http://cbs.marketwatch.com/news/story.asp?guid=%7BA6997469%2D0925%
2D4189%2D93D0%2D69E75A587C8E%7D&siteid=mktw

WASHINGTON -- Who is the bigger spendthrift?

President Bush and Democratic challenger John

Oil is just pennies from $55, while gold is up all of 80 cents

Section: Daily Dispatches

11:59p ET Thursday, October 14, 2004

Dear Friend of GATA and Gold:

MineWeb's Gareth Tredway has written an interesting
report about the prospects for a 20-year boom in
commodities arising from growth in China and India,
more interesting for an observation about the potential
for market rigging within that boom.

Tredway quotes a South African market analyst,
Michael Power, saying this about Asian commodity

Insurance fraud charges involve AIG, until recently the biggest silver trader

Section: Daily Dispatches

By Myra P. Saefong
CBS.MarketWatch.com
Friday, October 15, 2004

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=
63473B52-82AD-4A5A-BBEB-50537A50149D&siteid=mktw&dist=bnb

SAN FRANCISCO -- Crude futures closed just pennies
short of $55 a barrel Friday with traders uncertain
about the overall effect of high energy prices on

Here''s what happens when foreigners get tired of dollar depreciation

Section: Daily Dispatches

Banks' Derivative Use Jumps 23% in 2nd Quarter;
Financial Policy Forum Calls for More Regulation of Market

By Alistair Barr
CBS.MarketWatch.com
Tuesday, October 12, 2004

http://cbs.marketwatch.com/news/story.asp?guid=%7BFE7D921D%2D60B0%
2D4188%2D9F8A%2DEF9EC9084915%7D&siteid=mktw

SAN FRANCISCO -- Banks' derivative use jumped by 23

Only foreigners, dumping dollars, will ever straighten out U.S. govt. finances

Section: Daily Dispatches

7:54p ET Wednesday, October 13, 2004

Dear Friend of GATA and Gold:

In commentary titled "Buy America II: The First
Shoe Drops," Richard Appel gives you an idea
of what is likely to happen when foreigners get
tired of holding an ever-depreciating stash of
dollars. They start dumping U.S. Treasury debt
and buying real stuff, driving up interest rates
and unleashing inflation, and, Appel says, it's

Even Russia''s central bank is intervening to prop up the dollar

Section: Daily Dispatches

China to Build Four Major Oil Reserve Bases

People's Daily, Beijing
Sunday, October 10, 2004

http://english.peopledaily.com.cn/200410/10/eng20041010_159641.html

China will formally launch its strategic petroleum
reserve program next year, as learned from related
departments. An oil reserve base in Zhenhai

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