LeMetropole Cafe''s ''Midas'' commentary for Oct. 7 posted in the clear at GoldSeek

Section:

9:53p ET Thursday, October 7, 2004

Dear Friend of GATA and Gold:

As we await tomorrow's announcements that all
those thousands of people laid off by AT&T and
Bank of America have just found jobs in the
U.S. Army's expeditionary force being sent to
Iran (yes, that's an "n," not a "q"), that
Osama bin Laden has been captured while working
the phones at Kerry campaign headquarters in
Miami, and that scientists at the Lawrence
Livermore National Laboratory in California
have developed a process for turning cellulose
into gold, the companion to the U.S. Treasury
Department's process for turning gold into
paper, Clive Maund reappears at Gold-Eagle
to offer some encouraging analysis of gold
and silver prices.

Maund writes:

"There is considerable apprehension among gold
and precious metal stock investors that the
'cabal,' the shady characters whose mission
it is to stop gold going up, are going to
'throw a spanner in the works' the moment gold
looks set to break out above $430.

"The way I look at it is this: 'They' can
probably succeed in continuing to cap gold for
a while, provided the dollar holds up, but if
the dollar caves in -- and remember, the dollar
is not now oversold, and can therefore fall a
long way -- they've got no chance, and buying
the dollar in order to stop gold going up would
be a spectacularly expensive way of going about
capping gold. (The gold market is tiny compared
to the massive dollar market.)

"So to put it bluntly and simply, if there is
anyone out there trying to stop gold going up,
they've got no chance if the dollar breaks
sharply below 87 on the index, which I view as
highly likely the moment the U.S. elections are
over, because whichever side of the duopoly
wins, you've got four years to put up with them
even if the dollar goes through the floor."

You can find Maund's commentary here:

http://www.gold-eagle.com/editorials_04/maund100704.html

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

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NEWS AND ANALYSIS

Free sites:

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http://www.DailyReckoning.com

http://www.goldenbar.com/

http://www.silver-investor.com

http://www.thebulliondesk.com/

http://www.sharelynx.com/

http://www.mininglife.com/

http://www.financialsense.com

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http://www.howestreet.com

http://www.depression2.tv

http://www.moneyfiles.org/

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http://www.minersmanual.com/minernews.html

http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html

http://www.goldcolony.com

http://www.miningstocks.com

http://www.mineralstox.com

http://www.freemarketnews.com

http://www.321gold.com

http://www.SilverSeek.com

http://www.investmentrarities.com

http://www.kuik.com/KH/KH.html
(Korelin Business Report -- audio)

http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)

Subscription site:

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http://www.hsletter.com

Eagle Ranch discussion site:

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Ted Butler silver commentary archive:

http://www.investmentrarities.com/

----------------------------------------------------

COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS

Blanchard & Co. Inc.
909 Poydras St., Suite 1900
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3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com

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222 South 5th St.
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www.ColoradoGold.com
Don Stott, Proprietor
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Gold@gwe.net

El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
http://www.eldoradogold.net
Harvey Gordin, President
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Mobile: 602-228-8203
harvey@eldoradogold.net

Investment Rarities Inc.
7850 Metro Parkway
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Greg Westgaard, Sales Manager
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Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
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Canada
Toll-free:1-800-363-7053
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P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
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leecoins@aol.com

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3015 Ottawa Ave. South
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1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com
Contacts: David Schectman,
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Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
http://www.mocoin.com

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6139 South Rural Road
Suite 103
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Pat Gorman, Proprietor
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Metalguys@aol.com

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15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com

----------------------------------------------------

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