Daily Dispatches

Ron Struther notes gold price manipulation; and a correction


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

By Clyde Prestowicz
Chicago Tribune
Tuesday, July 19, 2005


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?


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

By Greg Robb
Friday, July 22, 2005


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

John Mauldin: Those clever Chinese


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:


And a correction to GATA's press release of Friday

China will remain in Treasury market, some economists say


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


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

GATA hits paydirt: Gold Rush 21 is sold out


7:21p ET Thursday, July 21, 2005

Dear Friend of GATA and Gold:

Peter Grandich of The Grandich Letter elaborates on
his recent support for GATA in yesterday's edition of
the letter, which you can find here:


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


Peter Grandich elaborates on his new support for GATA


By Jim Sinclair
Thursday, July 21, 2005

Today the Chinese opted to float the yuan within a specific range
against a basket of currencies, effectively breaking its tie solely
with the U.S. dollar.

The Chinese have not yet disclosed the constituent items and
percentages of those items in the basket of currencies which the
yuan will float against.

This is an undeniable move away from the dollar and will effect the

Jim Sinclair: China''s currency change means less buying of U.S. Treasuries


By Stephanie Hoo
Associated Press
Thursday, July 21, 2005


BEIJING -- China dropped its politically volatile policy of linking
its currency to the U.S. dollar but retained controls on its

China switches currency link from dollar to basket of currencies


By Bill King
The King Report
M. Ramsey King Securities
Wednesday, July 20, 2005

Buried in Sunday's Wall Street Journal, Section D,
Page 2, is a frightening article with immutable
math.Despite extremely low interest rates,
consumers are paying a record amount of disposal
income to service debt.Fifty percent of consumer
and 26 percent of mortgage debt is variable.

When the bills come due, then what?


By Theodore Butler
Tuesday, July 19, 2005

What has been the most reliable of guides to short-term moves in
gold and silver, the market structure approach of the commitment of
traders (COT), continues in its remarkable dependability. Maybe
someday we will have to disregard the message of the COTs, but that
day has not yet arrived.

The most recent COT report, as well as extrapolations from the

Ted Butler: Another setup


Gold liberalisation measures are key to India

By Sangita Shah
Financial Express, New Delhi
Monday, July 18, 2005


India is sitting on a "gold" mine and it has the potential to be
world's largest gold trading center. Everybody acknowledges this,

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