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Daily Dispatches

There''s no inflation ... unless you open your eyes

Section: Daily Dispatches

By Jim Sinclair
Saturday, May 15, 2004
http://www.jsmineset.com/home.asp

Here I am reviewing a host of material from bearish gold
advisers and "trade everything always" hustlers and I can
no longer contain myself.

That's because on the right side of my desk is a report
on the COT (positions of large and assumed-to-be
commercial traders) and the Saturday edition of

James Turk: Inflation is rising and the trend for gold remains up

Section: Daily Dispatches

Bill Coming Due

By Paul Tharp
New York Post
Friday, May 14, 2004

http://www.nypost.com/business/20852.htm

Price tag shock is heading into stores by Memorial Day
due to soaring wholesale prices, with dairy prices
jumping to their highest levels in 58 years.

Retailers also are suffering a new shopping slump after
their biggest boom in a year and could get hit harder

James Grant: Encouraging debt, Fed itself has created threat of deflation

Section: Daily Dispatches

10:13a ET Sunday, May 16, 2004

Dear Friend of GATA and Gold:

James Turk, editor of The Freemarket Gold & Money
Report, proprietor of GoldMoney, and consultant to
GATA, has posted a new analysis of the gold price
at the GoldMoney Internet site. He writes that
inflation is rising, that the gold price remains
firmly in its upward channel despite the recent
decline, and that the recent decline was

Clive Roffey: If you don''t buy metals now, you''ll hate yourself in six months

Section: Daily Dispatches

Low Rates, High Expectations

By James Grant
The New York Times
Sunday, May 16, 2004

http://www.nytimes.com/2004/05/16/opinion/16GRAN.html

Inflation is returning to the American checkout counter
under the unlikely sponsorship of the Federal Reserve.
For the past year, the Fed has been striving to make
the dollar buy less. It's well on its way to succeeding,

Fannie Mae is too big to fail, and thus too big to tell the truth

Section: Daily Dispatches

6:10p ET Sunday, May 16, 2004

Dear Friend of GATA and Gold:

Clive Roffey couldn't be more enthusiastic about gold,
silver, and their mining shares. You can find his
commentary at Gold-Eagle here:

http://www.gold-eagle.com/editorials_04/roffey051604.html

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

Smart Money magazine reports on gold, GATA, and price suppression

Section: Daily Dispatches

8p ET Friday, May 14, 2004

Dear Friend of GATA and Gold:

David Bond's new Wallace (Idaho) Street Journal
commentary, posted at 321Gold.com, pays
tribute to Silver Standard Resources for
recognizing that its product is MONEY, to be
held as savings and as cash without apology:

http://www.321gold.com/editorials/bond/bond051504_wsj.html

CFTC responds to complaints of manipulation in the silver market

Section: Daily Dispatches

10:39a ET Saturday, May 15, 2004

Dear Friend of GATA and Gold:

Gold and GATA are the subjects of a beautifully
illustrated six-page report in the June edition
of Smart Money magazine, which arrived on
newsstands this week.

The report is titled "Return of the Goldbugs,"
and while it dismisses the long-term prospects
for the gold price, it identifies conditions
contributing to gold's rise, anoints GATA

Jim Sinclair: I''m fighting mad because the Gold Community has been had

Section: Daily Dispatches

9:41a ET Saturday, May 15, 2004

Dear Friend of GATA and Gold:

Michael Gorham, director of the Division of Market
Oversight of the Commodity Futures Trading
Commission, has written a long open letter to
investors who have complained to the CFTC about
price manipulation in the silver market.

Gorham's letter is arbitrarily dismissive in some
ways, evasive in others, and its conclusion is

David Bond: Three cheers for Silver Standard

Section: Daily Dispatches

Gold seen consolidating above $372
despite Saudi remarks on sales

http://www.forbes.com/markets/newswire/2004/05/13/rtr1370108.html

LONDON, May 13 (Reuters) -- Gold dropped in Europe on
Thursday morning, with the market tracking the euro down,
but prices were expected to consolidate above $372 an
ounce as dealers tried to glean clues about the U.S.

Barrick, contradicting itself, loses motion to add defendants in Blanchard case

Section: Daily Dispatches

By Bloomberg News Service
Wednesday, May 12, 2004

The introduction of gold-backed shares in the United States
has been delayed because of a longer than expected review
by securities regulators, said Bobby Godsell, chief executive
of AngloGold Ashanti, the world's second-largest gold
producer.

World Gold Trust Services, a subsidiary of the
producer-funded World Gold Council in London, said in May

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