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Daily Dispatches

Malaysia''s ex-PM calls for gold-based trading currency for East Asia

Section: Daily Dispatches

9:25p ET Thursday, June 3, 2004

Dear Friend of GATA and Gold:

MineWeb's Tim Wood and Dorothy Kosich have filed at
least six reports from the New York Institutional
Gold Conference, including an especially interesting
one about the attempt of Golden Star Resources and
Couer d'Alene to break up the IAMGold/Wheaton River
merger. You can find these reports on the MineWeb
home page here:

Spokane Spokesman-Review takes note of the silver price suppression issue

Section: Daily Dispatches

The Star, Petaling Jaya, Malaysia
Thursday, June 3, 2004

http://www.thestar.com.my/news/story.asp?
file=/2004/6/3/nation/8124886&sec=nation

TOKYO -- Japan should stop trying to prop up the U.S.
dollar and instead make the yen the trading currency
of East Asia, said Tun Dr. Mahathir Mohamad.

While noting that it was understandable for Japan to

Program for June 13-14 Vancouver conference announced

Section: Daily Dispatches

By Jim Sinclair
Wednesday, June 2, 2004

http://www.jsmineset.com/

Oil is a weapon of economic destruction in this Third
World War, and the U.S. dollar is a prime target of
those who oppose us.

Is the Federal Reserve expecting catastrophe?

From Robert McHugh's monetary forecast of May 28,
which was echoed by Richard Russell today:

"Let me just say from the outset that the Federal

MineWeb has the New York gold conference covered

Section: Daily Dispatches

8:35p ET Thursday, June 3, 2004

Dear Friend of GATA and Gold:

The program for the 2004 World Gold, PGM, and Diamond
Conference, to be held Sunday and Monday, June 13 and
14, at the Vancouver Convention and Exhibition Centre,
was announced today, and it has GATA Chairman Bill
Murphy speaking in prime time -- 6 p.m. Sunday.

Murphy will join GATA's Ed Steer and Mike Bolser and
your secretary/treasurer in a panel discussion at 3 p.m.

Whatever could explain that imbalance in the oil-gold price ratio?

Section: Daily Dispatches

From MineWeb
Tuesday, June 1, 2004

JOHANNESBURG -- Barrick Gold and Placer Dome,
the world's No. 3 and 5 gold producers, which
until recently were reviled by gold bugs
because of their proclivity for hedging, wound
up more hedges than any of their competitors
during the first quarter of this year.

http://www.mineweb.net/sections/gold_silver/326453.htm

Explosion in U.S. money supply hints at Fed''s expectation of catastrophe

Section: Daily Dispatches

12:47a ET Wednesday, June 2, 2003

Dear Friend of GATA and Gold:

MineWeb's Tim Wood has some musings on the
imbalance in the historic ratio of the prices
of oil and gold. While those musings don't
include speculation as to a cause of the
imbalance, GATA has filled you in about that,
and Wood figures that oil eventually will
carry gold up. You can find Wood's commentary
here:

http://www.mineweb.net/events/conferences/2004/nyigc/oilgold.htm

Like Rothschild, AIG resigns market maker positions in gold and silver

Section: Daily Dispatches

1:07a ET Wednesday, June 2, 2004

Dear Friend of GATA and Gold:

Robert McHugh of TechnicalIndicatorIndex.com reports
an explosion in the M-3 money supply in the United
States and construes it as the Federal Reserve's
preparation for some sort of catastrophic event.
Apparently Richard Russell of Dow Theory Letters
has called attention to the same development.

McHugh writes:

"The Federal Reserve has confirmed our stock market

Ted Butler: Silver''s outlook remains spectacular in trader report

Section: Daily Dispatches

1:22a ET Wednesday, June 2, 2004

Dear Friend of GATA and Gold:

AIG International has been to the silver market what
N.M. Rothschild has been to the gold market. And
now, as you'll see from the Reuters story appended,
AIG is resigning its leadership of the gold and
silver markets just as Rothschild resigned its
leadership of the gold market.

Maybe it's just a coincidence. Or maybe the people

Gold demand rises sharply despite price increase

Section: Daily Dispatches

1:55a ET Wednesday, June 2, 2004

Dear Friend of GATA and Gold:

Ted Butler's new commentary on the silver market
begins this way:

"Still spectacular. That's the only way to describe
the current COMEX market structure, as evidenced
by the Commitments of Traders (COT) report. Not
only have the COTs for silver, gold, and copper
remained in strong "buy signal" territory, the latest

Fed''s frantic money-pumping would compensate for Bank of Japan''s withdrawal

Section: Daily Dispatches

Demand For Gold Up 30%

By Jane Padgham
London Evening Standard
Wednesday, June 2, 2004

http://www.thisislondon.co.uk/news/business/articles/timid78950?
source=

Gold was in big demand during the first three months
of this year, despite a sharp increase in its price
triggered by the sliding dollar.

Figures today from the World Gold Council show

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