Daily Dispatches

Turk responds to Veneroso''s warning about investing in commodities

Submitted by cpowell on Sat, 2004-04-10 03:00 Section: Daily Dispatches

4:25p ET Friday, April 9, 2004

Dear Friend of GATA and Gold:

This story from the Gulf News reports that the United Arab
Emirates sold the last of its gold reserves last year as the
gold price was rising. This was almost certainly the writing
off as "sold" the gold that the UAE already had leased
through the Bank of England, and thus this should be
construed as immensely positive for the gold price.

Read more about Turk responds to Veneroso''s warning about investing in commodities

Financial Post gets GATA-like comments from Maison Placements'' John Ing

Submitted by cpowell on Sat, 2004-04-10 03:00 Section: Daily Dispatches

11a ET Saturday, April 10, 2004

Dear Friend of GATA and Gold:

James Turk, editor of The Freemarket Gold & Money
Report, proprietor of GoldMoney, and consultant to
GATA, has responded to Frank Veneroso's warning
about investing in commodities. Turk's conclusion:
"I expect that gold has many more years left in its
current bull market, regardless what happens to corn,
copper, soybeans, silver, and other commodities."

Read more about Financial Post gets GATA-like comments from Maison Placements'' John Ing

No more gold reserves for United Arab Emirates

Submitted by cpowell on Fri, 2004-04-09 03:00 Section: Daily Dispatches

Company Press Release

Johannesburg, South Africa, April 6 -- Durban Roodepoort Deep
Ltd. has increased its stake in leading Internet-based gold
marketing company GoldMoney.com to 14 percent with a further
investment of US$1.8 million.

GoldMoney has enjoyed record growth since DRD announced
its initial investment of US$200 000 (1.4 percent) in January
this year, said founder James Turk, the well-known and

Read more about No more gold reserves for United Arab Emirates

Japan''s finance minister defends intervention, spurns increase in gold reserves

Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily Dispatches

9:39p ET Wednesday, April 7, 2004

Dear Friend of GATA and Gold:

FallStreet.com has a wonderful analysis by Brady Willett,
"Silver A Sell, Unless the Jig Is Up." Drawing on Ted
Butler's research, Willett notes that, uniquely among
commodity markets, in silver the commercial interests are
always short.

Willett also argues the most markets, including the gold
market, are manipulated and that the manipulators usually

Read more about Japan''s finance minister defends intervention, spurns increase in gold reserves

Veneroso warns against speculation in commodities

Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily Dispatches

Japan finance chief defends intervention,
declines to increase gold reserves

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4781501

TOKYO, April 8 (Reuters) -- Japanese Finance Minister
Sadakazu Tanigaki said on Thursday that Japan's efforts
to hold the yen down had been useful in its fight against

Read more about Veneroso warns against speculation in commodities

Japan defends currency intervention, spurns gold; Iraq violence pressures dollar

Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily Dispatches

9:14a Thursday, April 8, 2004

Dear Friend of GATA and Gold:

Writing at GoldMoney.com, GATA consultant Frank
Veneroso warns against speculation in commodities.
His essay, "Commodity Investments Are Dangerous,"
can be found in the Founder's Commentary box at
the top left of the GoldMoney home page here:

http://goldmoney.com/

CHRIS POWELL, Secretary/Treasurer

Read more about Japan defends currency intervention, spurns gold; Iraq violence pressures dollar

Commentary by Appel and Sinclair; MineWeb reports firings at World Gold Council

Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily Dispatches

Japan finance chief defends intervention,
declines to increase gold reserves

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4781501

TOKYO, April 8 (Reuters) -- Japanese Finance Minister
Sadakazu Tanigaki said on Thursday that Japan's efforts
to hold the yen down had been useful in its fight against

Read more about Commentary by Appel and Sinclair; MineWeb reports firings at World Gold Council

Durban Roodeport Deep takes bigger stake in GoldMoney

Submitted by cpowell on Thu, 2004-04-08 03:00 Section: Daily Dispatches

7:12p ET Thursday, April 8, 2004

Dear Friend of GATA and Gold:

Some reading to start the long Easter weekend with....

* Dr. Richard Appel of the Financial Insights
newsletter argues that "The Dollar's Purchasing Power
is the Key to the Gold Price" at GoldSeek.com here:

http://news.goldseek.com/FinancialInsights/1081437082.php