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Daily Dispatches

''The Currency War'' explains what''s really happening

Section: Daily Dispatches

8:35p ET Tuesday, January 20, 2004

Dear Friend of GATA and Gold:

And now for the dirty little secret of the Gold Anti-Trust
Action Committee....

No, it has nothing to do with Bill Murphy's teeth, James
Turk's hair, Reg Howe's motorcycle, Mike Bolser's pocket
protectors, Andrew Hepburn's height, Bob Landis' tailor,
or, in the case of your secretary/treasurer, that girl in
Des Moines. (Besides, she said she was 18.)

Morgan Chase to let employees avoid taking bonuses in dollars

Section: Daily Dispatches

Central banks set to renew gold pact

By Tony Major and Andreas Krosta in Frankfurt
Financial Times
Sunday, January 18, 2004

a href=http://news.ft.com/servlet/ContentServer?http://news.ft.com/servlet/Cont...
pagename=FT.com/StoryFT/FullStoryamp;c=StoryFTamp;cid=1073281113427

European central banks are likely to renew their five-year
agreement restricting gold sales in the spring, well ahead

Please forgive that junk e-mail

Section: Daily Dispatches

12:49a ET Monday, January 19, 2004

Dear Friend of GATA and Gold:

This Reuters story, cribbing from the Financial
Times, may be interesting not just for reporting
that J.P. Morgan Chase expects the U.S. dollar
to continue to decline but also for indicating
that the bank has almost as many people in
Europe as the U.S. Army does. That may explain
a few things.

CHRIS POWELL, Secretary/Treasurer

It''s still a bull market in gold, Turk reports

Section: Daily Dispatches

11:06p ET Monday, January 19, 2004

Dear Friend of GATA and Gold:

Please forgive the junk e-mail sent to you tonight
bearing GATA's return address, which occurred
when a virus or spam program penetrated GATA's
e-mail list server at Yahoo!Groups. Fortunately
Yahoo!Groups is programmed not to allow the
e-mailing of attachments, by which viruses are
spread, so the e-mail was just annoying, not

An updated summary of GATA''s work, written by Andrew Hepburn

Section: Daily Dispatches

10:45p ET Saturday, January 17, 2004

Dear Friend of GATA and Gold:

Bloomberg News today picked up a report in the
German news magazine Der Spiegel to the effect
that a majority of the board of directors of the
Bundesbank opposes the latest proposal of their
president, Ernst Welteke, to sell the bank's gold
reserves.

The original Der Spiegel story appears to be here:

a href=http://www.spiegel.de/spiegel/0,1518,282355,00.htmlhttp://www.spiegel.de...

Sell oil for gold, Mahathir tells Saudi Arabia

Section: Daily Dispatches

10:19a ET Sunday, January 18, 2004

Dear Friend of GATA and Gold:

GATA committee member Andrew Hepburn has written
an updated summary of GATA's work that may be
especially helpful for use with news organizations and
people who work directly with financial markets. You
can find it here:

a href=http://www.gata.org/SummaryOFGATAhttp://www.gata.org/SummaryOFGATA/a'sWork.html

CHRIS POWELL, Secretary/Treasurer

GATA Chairman Murphy interviewed on ''Financial Sense Newshour''

Section: Daily Dispatches

5:46p ET Sunday, Jauary 18, 2004

Dear Friend of GATA and Gold:

As with so much else that we call to your attention,
GATA doesn't vouch for the general politics of the
person cited in the news story appended here, the
former prime minister of Malaysia, Mahathir Mohamad,
who gave an infamous speech last October scapegoating
Jews and asserting that they control the world. But
Mahathir's remarks in Saudi Arabia this weekend are

Is Germany getting wise to the gold sales racket?

Section: Daily Dispatches

5:57p ET Sunday, January 18, 2004

Dear Friend of GATA and Gold:

Jim Puplava interviews GATA Chairman Bill
Murphy and market technician Eric King
about the future of the gold market on the
quot;Financial Sense Newshourquot; here:

a href=http://www.netcastdaily.com/fsnewshour.htmhttp://www.netcastdaily.com/fs...

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

Early renewal of central bank gold agreement seen to be supportive of price

Section: Daily Dispatches

Excerpted from quot;Midasquot; commentary for January 28, 2004
Copyright 2004, LeMetropoleCafe.com
Used by permission

By Bill Murphy
LeMetropoleCafe.com
January 18, 2004

Yesterday I distributed this Bloomberg story in a Caf email:

* * *

The board of Germany's Bundesbank opposes a plan by its
president, Ernst Welteke, to sell some of the central bank's
gold reserves to fund research in Europe's largest economy,

Bundesbank''s board is said to oppose Welteke on gold sales

Section: Daily Dispatches

From Investor's Digest of Canada
January 2, 2004

By John Embry

Gold's fundamentals may be even better than they were
at the outset of the 1970s, a decade that saw a 20-fold
increase in the price

The gold picture in a word: explosive

I had the opportunity recently to meet the renowned
Ferdinand Lips, the former Swiss banker who wrote a
seminal book on the management of the gold price

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