Daily Dispatches

Big selloff in silver is likely -- time for miners to buy their own metal

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By Choy Leng Yeong
Bloomberg News
Monday, October 11, 2004

http://quote.bloomberg.com/apps/news?
pid=10000086&sid=agSnHMbsUztk&refer=latin_america

Gold may rise for a sixth straight week on speculation
that higher fuel costs will increase the precious metal's
allure as a hedge against inflation, a Bloomberg survey
showed.

Twenty-two of 43 traders, investors and analysts

China planning to accumulate strategic oil reserves in four locations

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Eventual lunch bill may spell end to dollar's dominance

By Gary Duncan
The Times, London
Monday, October 11, 2004

http://business.timesonline.co.uk/article/0,,16849-1303426,00.html

Imagine a place where you could spend far more than
you earned for years without consequence. Imagine a
place where you could pay your way by writing

Gold may climb on higher oil costs, lower dollar, Bloomberg survey says

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From "Midas" commentary
for Sunday, October 10, 2004
at LeMetropoleCafe.com

By Bill Murphy

GATA has struck paydirt once again. The following is an
exchange between a supporter in our GATA army and
Rainer Widera, head of international financial statistics
for the Bank for International Settlements.

* * *

Dear Sir:

I am looking for some information on the gold market.

James Turk: 70% chance that gold will break $430 by year-end

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Gold closes at 6-month high,
up $3 for the week as weak jobs data hurts dollar

By Myra P. Saefong
CBS.MarketWatch.com
Friday, October 8, 2004

http://cbs.marketwatch.com/news/story.asp?guid=%7BB65D0BD4%2D7F10%
2D45AA%2DB628%2D79DEAE2CA4B3%7D&siteid=mktw

SAN FRANCISCO -- Gold futures closed near $425 an

Bank for International Settlements admits that banks are the big gold shorts

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Pouring oil on troubled economists

William Keegan
The Observer, London
Sunday, October 10, 2004

http://observer.guardian.co.uk/business/story/0,6903,1323678,00.html

Geore Bush has got my fingerprints. It did not take
him, or rather his genial representatives at Dulles
airport, long. What took the time was a two-hour

Finance ministers won''t be selling gold while oil has them quaking

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11:15a ET Sunday, October 10, 2004

GoldMoney.com proprietor James Turk, editor of
the Freemarket Gold & Money Report and
consultant to GATA, has gotten out his charts
and predicts that gold has a 70 percent chance
of breaking above $430 by the end of this year,
and that such a breakthrough, a 16-year high,
"will be the wake-up call that sends a stampede
of money out of the dollar and into gold."

CBSMarketWatch reports on dollar''s fall and gold''s rise Friday

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10:04p ET Friday, October 8, 2004

Dear Friend of GATA and Gold:

Mining industry journalist Tim Wood, formerly of
MineWeb.com, has become founding editor and
general manager of a new Internet site focusing
on the extractive industries, ResourceInvestor.com.
It has begun as a sort of Weblog, and among its
first items are a notice about the novel
"Cra$hmaker" by Victor Sperandeo and Alvaro Almeida

ResourceInvestor.com opens with interview with U.S. Global Investors chairman

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By Dorothy Kosich
MineWeb
Thursday, October 7, 2004

DENVER -- The heads of the pure silver companies
were hard to miss at the Denver Gold Forum
because they are edgy and provocative. They're ...
well, different.

Just by their presence at a "gold" forum, these new
millennium "silver barons" defy a truism that when
the world's most powerful currency stumbles,
investors will only turn to gold. These invaders of

Are fledgling silver barons tomorrow''s leaders?

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Dollar off vs. Asia on persistent China speculation

By Jamie McGeever
Reuters
Friday, October 8, 2004

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh86071_2004-10-08_17-50-53_n08487080_newsml

NEW YORK -- The dollar tumbled across the board
following a below-consensus U.S. jobs report on

Dollar falls most against Asian currencies amid revaluation talk

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10:51p ET Thursday, October 7, 2004

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary
for today at LeMetropoleCafe.com, "An Exposed
and Dying Scheme," has been posted in the clear
at GoldSeek here:

http://news.goldseek.com/LemetropoleCafe/1097247753.php

CHRIS POWELL, Secretary/Treasurer

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