Daily Dispatches

At this rate Barrick won''t close its hedge book for eight years

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8:50p ET Thursday, July 28, 2005

Dear Friend of GATA and Gold:

Peter Schiff of Euro-Pacific Capital Inc. argues in
his new essay, "China's Peg Was America's Crutch,"
that the upward revaluation of the yuan will not be
good for the United States.

He writes:

"China's announcement basically gives all Asian
central banks the green light to sell their dollars as
well.The ultimate implications for Asians and

Abbreviated link for CBSMarketWatch interview with James Turk

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9:44p ET Thursday, July 28, 2005

Dear Friend of GATA and Gold:

CBSMarketWatch posted yesterday a video interview
with GATA consultant James Turk, founder of
GoldMoney and editor of the Freemarket Gold &
Money Report, who foresees a gold price above $500
by the end of the year. You can find the interview
here:

http://www.marketwatch.com/tvradio/playerfull.asp?siteID=mktw&guid=%

Gold hedging knocks Placer Dome for loss

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Gold Executive Sees Tight Supply Keeping Prices High

From Reuters
Wednesday, July 27, 2005

http://today.reuters.com/news/newsArticleSearch.aspx?
storyID=335925+27-Jul-2005+RTRS&srch=Newmont

NEW YORK -- Gold supply constraints will prevent the price of the
metal from falling below $420 per ounce in the short run and it will

Newmont''s Lassonde says shortage will push gold to $525 in six months

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China Central Banker
Says Hedge Funds Delay
Yuan Convertibility

By A. Craig Copetas
Bloomberg News Service
Monday, July 25, 2005

http://www.bloomberg.com/apps/news?
pid=10000087&sid=a5mvfBkBFZ5I&refer=top_world_news

PARIS -- China won't make its currency fully convertible for at
least five years because it worries that hedge funds may force the

Banker says China still needs to protect yuan against hedge funds

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Yuan Only One Factor in Rates

By Kathleen Pender
San Francisco Chronicle
Sunday, July 24, 2005

http://www.SFGate.com/cgi-bin/article.cgi?
file=/chronicle/archive/2005/07/24/BUGVBDSILT1.DTL&type=business

Will China's move to loosen its currency's link to the dollar be the
pin that pricks the U.S. bond bubble -- and perhaps the housing

Under new currency regime, China still can peg yuan wherever it wants

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9:30p ET Saturday, July 23, 2005

Dear Friend of GATA and Gold:

John Mauldin, president of Millennium Wave Advisors,
has written a wonderfully insightful and engaging
essay about China's currency modification last week
and, more important, about China itself. It's called
"Those Clever Chinese" and you can find it at GoldSeek
here:

http://news.goldseek.com/MillenniumWaveAdvisors/1122213599.php

Ron Struther notes gold price manipulation; and a correction

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Rethinking Globalization:
How Much Longer Can the U.S. Keep Borrowing?

By Clyde Prestowicz
Chicago Tribune
Tuesday, July 19, 2005

http://www.chicagotribune.com/news/opinion/chi-
0506190012jun19,0,1185180.story

With the U.S. economy needing $2 billion daily in loans from the
central banks of China and Japan and the White House demanding that

Can the world be saved from an avalanche of U.S. debt?

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China Will Remain in Treasury Market;
Analysts Say Yuan Step
Won't Spell End of Dollar Holdings

By Greg Robb
CBSMarketWatch.com
Friday, July 22, 2005

http://www.marketwatch.com/news/story.asp?
siteid=bigcharts&dist=bigchartssnap&guid=%7BDFAF35C6%2D9132%2D461D%
2DA02E%2D7E5CE31924F0%7D

WASHINGTON -- Bond-market participants were wrong to jump to the

John Mauldin: Those clever Chinese

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12:51p ET Saturday, July 23, 2005

Dear Friend of GATA and Gold:

Ron Struther of Struther's Resource and Tech Report
comments at length in his July 12 edition about
central bank manipulation of the gold and currency
markets. You can find his analysis here:

http://www.playstocks.net/July-LSG.htm

And a correction to GATA's press release of Friday

China will remain in Treasury market, some economists say

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GATA Press Release
via Business Wire
Friday, July 22, 2005

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&ne\
wsId=20050722005136&newsLang=en

WHITEHORSE, Yukon, Canada -- The Gold-Anti Trust
Action (GATA) Committee announced today that space at

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