Daily Dispatches

10:42a ET Thursday, January 25, 2007

Dear Friend of GATA and Gold:

Doug Casey's International Speculator recently put reporter Doug Hornig to work on a story about GATA and the central bank campaign to suppress the price of gold. Today the story was posted at GoldSeek, and it seems to be the most comprehensive journalistic examination of the issue yet, for which GATA is profoundly grateful. It's titled "The Gold Price-Fixing Conspiracy" and you can find it here:

Yes, we have no inflation,
We have no inflation today....

* * *

Coin Shortage Could Turn
Pennies Into Nickels

By Kevin Plumberg
Reuters
Monday, January 22, 2007

http://today.reuters.com/news/articlenews.aspx?type=reutersEdge&storyID=...

NEW YORK -- Talk about pennies from heaven.

Drop in Hong Kong Dollar
Was 'Stage-Managed,' UBS Says

By Jake Lee
Bloomberg News Service
Wednesday, January 24, 2007

http://www.bloomberg.com/apps/news?pid=20601080&sid=an04BjqGCZC8

HONG KONG -- The Hong Kong dollar's drop to the lowest since 1991 was "stage-managed" to deter speculators from betting the city's 23-year old link to the U.S. dollar will end, said Jonathan Anderson, UBS AG's chief Asia economist.

7:36a ET Tuesday, January 23, 2007

Dear Friend of GATA and Gold:

From today's edition of The Gartman Letter, whose editor, Dennis Gartman, graciously attended GATA's reception Monday evening at the conclusion of the Vancouver Resources Investment Conference:

".... We had the opportunity to meet with the folks from GATA whilst here, and as always we enjoyed the company of GATA's leader, Mr. Bill Murphy, who is and always has been a gentleman. We had the pleasure of talking with Mr. Chris Powell, the group's president (sic). Mr. Powell's heartfelt support for GATA [for those who don't know, GATA stands for the Gold Anti-Trust Action Committee; GATA is convinced that the gold price has been manipulated downward by the likes of Goldman Sachs, JPMorgan, Citigroup, the IMF, the Federal Reserve, the ECB, and even The Gartman Letter!] is more than evident. His ability to quote from legal documents to terse and deep to keep our attention is stunning. His knowledge of supposed market manipulations from years past is mind-numbing. His mastery of complex data has our admiration, but we cannot come away from such discussions without wondering what greater good might be affected for the world if this brainpower were put to other efforts. We stand in awe of the work these men have done, of the data they have collected, of the reading and research they have done, and we can only wonder what they might have accomplished if they had become doctors or medical researchers instead. Cancer might now be cured!"