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India seen reducing its dollar reserves

Section: Daily Dispatches

7:28p ET Sunday, May 1, 2005

Dear Friend of GATA and Gold:

GATA consultant James Turk, editor of the Freemarket
Gold & Money Report and founder of GoldMoney, has
recast his dollar charts for his new commentary, "The
Dollar Continues to Mark Time." He sees the dollar's
recent strength as part of a bear-market rally at best.
You can find his analysis in the "Founder's
Commentary" box at the top left of the GoldMoney
home page here:

http://goldmoney.com

Meanwhile, Nelson Hultberg, executive director of
Americans for a Free Republic, has done some
technical analysis of the gold market even while
acknowledging that technical analysis is greatly
impaired by the market manipulation done by
governments. Hultberg's analysis is hopefully
titled "Gold Darkness Before the Dawn" and you
can find it at GoldSeek here:

http://news.goldseek.com/NelsonHultberg/1115004203.php

... and at Gold-Eagle here:

http://www.gold-eagle.com/editorials_05/hultberg050105.html

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

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