Daily Dispatches

Gold''s veterans counsel patience


From Reuters
Wednesday, August 11, 2004


JOHANNESBURG -- Gold Fields Ltd. plans to take
control of mid-sized Canadian gold firm Iamgold
Corp. in a $2.1 billion deal which will create the
world's seventh biggest gold miner, the firms said

John Embry on ROB-TV: Central banks will lose their war on gold


10:28a ET Thursday, August 12, 2004

Dear Friend of GATA and Gold:

Thanks to the persistence of GATA supporters
in Nebraska, the Omaha World-Herald published
yesterday a couple of major stories,
wonderfully illustrated, about gold and about
money generally. (Our cause has gotten much
publicity from local and regional news
organizations because of the efforts of our
supporters around the world, so never

Gold Fields to take control of Iamgold, derailing Golden Star''s bid


By Ted Butler
Tuesday, August 10, 2004

Once again the structure of the market, as depicted
by the COTs, foretold the path of least resistance in
gold and currencies. While not intended as a timing
mechanism, the sharp jump in gold and decline in
the U.S. dollar on Friday, August 6, were in
conformity with recent tech hedge fund activity.

The actual trigger was the monthly employment

Breakdown of gold-oil price ratio is huge evidence of price manipulation


A debate stirs about the FOMC;
Some analysts think Fed may hold rates steady Tuesday

By Gregory Robb
CBS Marketwatch.com
Monday, August 9, 2004


WASHINGTON -- Although they are still badly
outnumbered, some economists are beginning

Some analysts suspect that Fed will delay rate increase


Note: HSBC Bank is deeply involved in the
gold market. China is going to be if it
isn't covertly already....

* * *

Britain's HSBC Buying 19.9 Percent Stake
in Major Chinese State Bank for $1.7 Billion

By Joe McDonald
Associated Press
Saturday, August 7, 2004


BEIJING -- British bank HSBC Holdings PLC is buying

Ted Butler: The new silver era starts revealing itself in price action


8:56a ET Tuesday, August 10, 2004

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary for
August 9 at LeMetropoleCafe.com has been posted in
the clear at GoldSeek.com and is especially
remarkable for quoting comments broadcast three
years ago by CNBC analyst Lawrence Kudlow about
the ratio of oil and gold prices. Using the ratio of
Kudlow's broadcast three years ago, Murphy notes that

Energy-hungry miners must worry about $50 oil ...


10:10a ET Sunday, August 8, 2004

Dear Friend of GATA and Gold:

James Turk, proprietor of GoldMoney.com, editor
of the Freemarket Gold & Money Report, and
consultant to GATA, has updated his U.S. dollar
index chart and reports that the dollar continues
to be repelled by its downtrend line. He adds
that the quarter-percent increase in interest
rates expected from the Federal Reserve on Tuesday

James Turk: Uh-Oh, Look What Happened to the Dollar


Gold tops $400 for first time in two weeks;
jobs data drags U.S. dollar lower, lifting metals sector

By Myra P. Saefong
Friday, August 6, 2004


SAN FRANCISCO -- Gold futures closed above $400
an ounce for the first time in two weeks Friday, logging

British HSBC bank buys stake in Chinese state bank


... But one analyst says oil won't discourage gold stocks

By Steve James
Sunday, August 8, 2004


NEW YORK -- Mining giants like Phelps Dodge Corp.
are riding the crest of a wave right now, with
sky-high metal prices bolstering their bottom line.

Disastrous jobs report may reverse attitudes on dollar, interest rates, metals


10:15p ET Thursday, August 5, 2004

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy has given an Internet
radio interview to FreeMarketNews.com. You can
find it at the right side of the site's home page


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


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