Daily Dispatches

Bloomberg''s weekly survey finds Gartman thinking gold may go ''way up''

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12:50p ET Sunday, February 20, 2005

Dear Friend of GATA and Gold:

The news story appended here from The Observer in
London reports suggestions that Britain's
obsession with getting the International Monetary
Fund to sell its gold in the name of debt relief for
poor nations could be fulfilled without disrupting
the gold market by persuading China to buy the gold.

The story echoes the prediction of gold market

China is invited to relieve the West of the burden of its gold

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8:49p ET Saturday, February 19, 2005

Dear Friend of GATA and Gold:

Jim Puplava interviews GATA Chairman Bill Murphy,
Sprott Asset Management President John Embry,
and futures trader Eric King about the precious
metals markets on this weekend's edition of the
"Financial Sense Newshour" Internet radio program,
which you can find here:

http://www.financialsense.com/Experts/roundtable/021905.html

KitcoCasey''s Bud Conrad examines decline in foreign purchases of U.S. debt

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3:03p ET Sunday, Februay 20, 2005

Dear Friend of GATA and Gold:

Bloomberg's weekly survey of gold traders, investors,
and analysts, appended here, is awfully bullish but may
be most interesting for its brief quotation from Dennis
Gartman of The Gartman Letter, generally a spokesman
for big investment houses and never a friend of the gold
cause. Gartman is quoted as predicting that gold is

''Financial Sense Newshour'' interviews Murphy, Embry, and King

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By Nicole Mordant
Reuters
Friday, February 18, 2005

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh79704_2005-02-18_22-35-10_n17302066_newsml

VANCOUVER, British Columbia -- "If at first you don't succeed, try,
try again" could become the motto of North America's merger-obsessed
gold industry.

North American gold miners are still prospecting for partners

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Bullish XAU Could Indicate
Break Higher In Gold Prices

By Gavin Maguire and Jim Wyckoff
Dow Jones Newswires
Friday, February 18, 2005

http://www.futuresource.com/news/story.jsp?i=i4537233541121114176

NEW YORK -- If history is anything to go by, any break higher in the
Philadelphia Gold & Silver Index of gold and silver mining companies

Whoever controls the gold market positions himself first in the gold shares

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From The Daily Reckoning
DailyReckoning.com
Thursday, February 17, 2005

The force of a correction is directly proportional to the deception
that preceded it.

We repeat our dictum for no apparent reason. We just like the sound
of it. You may quote it any time you like, dear reader.

As a practical formula, it does little to help us. We still do not
know when or how the correction will come. And, to borrow a phrase

CBSMarketWatch video-interviews GoldMoney''s James Turk

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Allow Gold-Backed Savings Products,
World Gold Council Says in India

From The Hindu
Chennai, India
Wednesday, February 16, 2005

http://www.hindu.com/2005/02/17/stories/2005021706971700.htm

MUMBAI -- The Reserve Bank of India should allow
banks to offer gold-backed savings products so that
part of these investments can be channelised

IMF did sell gold in 1999 but no metal actually reached the market

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8:08p ET Thursday, February 17, 2005

Dear Friend of GATA and Gold:

Resource Investor's Tim Wood analyzes Barrick Gold's
latest financial report and finds that the company's
hedge book debt is worsening, the rising gold price
offsetting the reduction in the amount of gold hedged:

http://www.resourceinvestor.com/pebble.asp?relid=8333

Personal and government debt in U.S. explodes but real wages stall

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By Taizo Hirose
Bloomberg News Service
Friday, February 18, 2005

http://www.bloomberg.com/apps/news?
pid=10000101&sid=a91LHFK79jtM&refer=japan

TOKYO -- The dollar headed for its worst week in two months
against the euro in Asia after Federal Reserve Chairman Alan
Greenspan declined to signal an acceleration in interest-rate
increases.

Barrick''s hedge book worsens as decline in ounces is offset by rising gold price

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7:52p ET Thursday, February 17, 2005

Dear Friend of GATA and Gold:

Holy golden cow! GATA consultant James Turk, founder
of GoldMoney and editor of the Freemarket Gold &
Money Report, has just gotten video-interviewed by
CBSMarketWatch about his new book, "The Coming
Collapse of the Dollar," and his views on gold's
prospects. At this hour you can find the interview
on the right side of the CBSMarketWatch home page

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