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Daily Dispatches

Gold rush lures Western miners to Russia; Chinese demand for gold said strong

Section: Daily Dispatches

Schroeder Government Is Reported to Want
Even More Freedom to Spend Gold Reserves

By John Fraher
Bloomberg News Service
Sunday, April 11, 2004

http://quote.bloomberg.com/apps/news?
pid=10000100&sid=auoMvqn0HXQQ&refer=germany

FRANKFURT, Germany -- Hans Welteke, son of Bundesbank
President Ernst Welteke, said his father clashed with German

Harmony, South African mineworkers union sound conciliatory

Section: Daily Dispatches

9:34p ET Saturday, April 10, 2004

Dear Friend of GATA and Gold:

The Financial Post's interview today with John Ing, chief
of Toronto investment house Maison Placements, appended
here, echoes what you've been hearing from GATA and its
consultants and friends, like GoldMoney's James Turk and
Sprott Asset Management's John Embry, for a long time now.
The nice thing is that these points are starting to reach

David Bond interviews Hecla CEO; Jason Hommel updates silver stock valuations

Section: Daily Dispatches

Confident that job losses can be minimized

By Hilton Stone
Sunday Times, South Africa
Sunday, April 11, 2004

http://www.sundaytimes.co.za/2004/04/11/business/companies/comp04.asp

The National Union of Mineworkers (NUM) and Harmony
Gold are confident they will find a way to avoid widespread
job losses at the country's third-biggest gold producer.

Argument about Germany''s gold is said to have preceded Welteke''s leave

Section: Daily Dispatches

12:34p ET Sunday, April 11, 2004

David Bond's latest Wallace Street Journal column is
an interview with Hecla CEO Phillips S. Baker, who
says, among other things, that Hecla has been assured
that it will recover the gold recently seized by the
Venezuelan government and that Hecla won't be hedging
its gold and silver production. You can find Bond's
interview at his Internet site here:

http://www.silverminers.com/bond/bond20040406.html

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

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.

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

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."

No more gold reserves for United Arab Emirates

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

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

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

Veneroso warns against speculation in commodities

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

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

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

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