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Daily Dispatches

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

Section: Daily Dispatches

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

North American gold miners are still prospecting for partners

Section: Daily Dispatches

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

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

Section: Daily Dispatches

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.

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

Section: Daily Dispatches

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

Section: Daily Dispatches

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

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

Section: Daily Dispatches

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

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

Section: Daily Dispatches

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

Dollar set for worst week in 2 months against euro as Greenspan flops

Section: Daily Dispatches

8:08p ET Thursday, February 17, 2005

Dear Friend of GATA and Gold:

Greta Steyn of MiningMX analyzes the hubbub over
proposals that the International Monetary Fund
should sell gold to help poor countries and notes
that similar proposals in 1999 were not actually
defeated, as is commonly assumed. To the contrary,
she writes, a couple of big IMF gold sales were
made in 1999 but were structured to be only

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

Section: Daily Dispatches

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.

Gold bug James Turk says $500 gold is likely this year

Section: Daily Dispatches

By Theodore Butler
Tuesday, February 15, 2005
www.InvestmentRarities.com

Because silver is such a fascinating topic, there is a strong force
that pulls us to focus on it on a daily basis. This force is normal
with any issue we find interesting. Fortunately, this scrutiny can be
profitable. I know many people who have made many thousands and even
millions of dollars on the price moves in silver over the past year

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