Daily Dispatches

''Midas'' commentary for December 12 posted in the clear at GoldSeek

Submitted by cpowell on Sat, 2003-12-13 03:00 Section: Daily Dispatches

10:45p ET Saturday, December 13, 2003

Dear Friend of GATA and Gold:

Thanks to John Embry, president of Sprott Asset
Management in Toronto, for his kind remarks
about GATA in the essay he wrote for the December
5 issue of Investor's Digest of Canada, and to
Investor's Digest for permission to share the
essay with you below.

Embry writes:

quot;GATA, the Gold Anti-Trust Action Committee,

Read more about ''Midas'' commentary for December 12 posted in the clear at GoldSeek

Foreign central banks reduce buying of U.S. government debt

Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatches

a href=http://quote.bloomberg.com/apps/news?http://quote.bloomberg.com/apps/new...
pid=10000101amp;sid=a3Zf4qSM7L20amp;refer=japan

From Bloomberg News
Thursday, December 11, 2003

The Bank of Japan sold yen and bought dollars in Tokyo,
said traders at financial institutions that deal with the
nation's central bank, marking the third consecutive day
of currency sales.

Japan sold its currency at about 108.30 per dollar, said

Read more about Foreign central banks reduce buying of U.S. government debt

The money''s no good, PIMCO''s Gross says, so buy ''reflatables'' with it

Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatches

a href=http://www.reuters.com/financeNewsArticle.jhtml?http://www.reuters.com/f...
storyID=3978831amp;type=bondsNews

US Treasuries slip, foreign central banks shy away

NEW YORK, Dec. 11 (Reuters) -- Treasuries prices were
knocked lower on Thursday after an auction of new U.S.
government debt attracted disappointing demand,
including from foreign central banks.

Read more about The money''s no good, PIMCO''s Gross says, so buy ''reflatables'' with it

South Africa cuts interest rate but less than anticipated

Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatches

12:27a ET Friday, December 12, 2003

Dear Friend of GATA and Gold:

PIMCO bond fund manager Bill Gross has some new
advice -- essentially that the money's no good so
spend it quick on quot;reflatablesquot; and undertakings
that borrow at 1 percent rather than lend at that
below-inflation rate.

Some excerpts from Gross' new essay:

quot;Faced with the apparent necessity to maintain U.S.

Read more about South Africa cuts interest rate but less than anticipated

South Africa cuts interest rates by half point but less than anticipated

Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatches

By Vernon Wessels
Business Report, South Africa
December 12, 2003
a href=http://www.busrep.co.za/index.php?fArticleId=307301http://www.busrep.co....

PRETORIA -- The threat of rising inflationary pressures in
2005 gave the Reserve Bank's monetary policy committee
only enough space to ease interest rates by 50 basis points
yesterday, disappointing the market, which had expected a

Read more about South Africa cuts interest rates by half point but less than anticipated

Calm down; we''re winning

Submitted by cpowell on Fri, 2003-12-12 03:00 Section: Daily Dispatches

a href=http://www.reuters.com/financeNewsArticle.jhtml?http://www.reuters.com/f...
storyID=3978831amp;type=bondsNews

US Treasuries slip, foreign central banks shy away

NEW YORK, Dec. 11 (Reuters) -- Treasuries prices were
knocked lower on Thursday after an auction of new U.S.
government debt attracted disappointing demand,
including from foreign central banks.

Read more about Calm down; we''re winning

Robert Blumen essay at Gold-Eagle: ''The Dollar Crisis''

Submitted by cpowell on Thu, 2003-12-11 03:00 Section: Daily Dispatches

4:22p ET Wednesday, December 10, 2003

Dear Friend of GATA and Gold:

Before you hurt yourself over today's action in the
gold and silver shares, you might want to read
CBSMarketWatch Editor Thom Calandra's commentary.
It begins:

quot;Don't sweat the small stuff. That's what I should have
told the friend who called early this morning, asking
why the metals equities weren't rising in turn with gold,