Daily Dispatches

Murphy''s ''Midas'' commentary for Oct. 31 posted in the clear at GoldSeek

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7:57p ET Monday, October 31, 2005

Dear Friend of GATA and Gold:

The Reuters dispatch below seems to be the first news
service story that recognizes the importance of hedging
-- sales of borrowed gold -- in regard to Barrick Gold's
proposal to acquire Placer Dome. But the Reuters story
doesn't quite reach the insight about the proposal that
was offered tonight by GATA Chairman Bill Murphy in his

Is Barrick''s bid for Placer meant to turn another big hedge book ''evergreen''?

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By Matthew Healey
The New York Times
Monday, October 31, 2005

http://www.nytimes.com/2005/10/31/national/31COIN.html

As a child in the 1960s, Steven L. Contursi sorted through the
nickels and dimes he received on his paper route in the Bronx,
picking out those he needed for his collection and saving them in
inexpensive blue cardboard holders.

James Turk: The world''s most important gold chart

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4:18p ET Sunday, October 30, 2005

Dear Friend of GATA and Gold:

The silver coin legislation that the Reuters story
below says has passed the Mexican Senate is not,
GATA is told, the same version of the legislation
being advocated by Mexico's leading silver advocate,
Hugo Salinas-Price. But the story shows that the
silver coin issue is very much alive.

CHRIS POWELL, Secretary/Treasurer

Mexico mulls silver lining against currency crash

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"Arbitrage opportunities" indeed!

* * *

Dubai Logs in to Gold Futures

Economic Times / The Times of India
Gurgaon, India
Friday, October 28, 2005

http://economictimes.indiatimes.com/articleshow/msid-1277833,curpg-
1.cms

MUMBAI -- Trading in commodity derivatives will soon be a reality in
the Middle-East. Dubai Gold and Commodities Exchange (DGCX) will go

The gold issue is a lot more complicated than The New York Times lets on

Section:

7:10p ET Sunday, October 30, 2005

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket
Gold & Money Report and consultant to GATA, reports
that gold seems to be breaking out against the last two
major currencies that had been maintaining their value,
the Australian and Canadian dollars. You can find Turk's
report, "The World's Most Important Gold Chart," in the

SEC investigates GM''s pension reports and its deals with Delphi

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Just how do they IMPLEMENT such a policy,
if not by rigging the currency, bond, and
metals markets?

* * *

Snow Says Strong Dollar in U.S. Interest

From Reuters
Thursday, October 27, 2005

http://today.reuters.com/investing/financeArticle.aspx?
type=bondsNews&storyID=2005-10-
27T195920Z_01_N27495370_RTRIDST_0_ECONOMY-SNOW-DOLLAR-UPDATE-1.XML

No journalist has yet cracked the boilerplate of the ''strong dollar policy''

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11:47p ET Thursday, October 27, 2005

Dear Friend of GATA and Gold:

The story appended here from Thursday's London Telegraph
about the opposition of the Silver Users Association to a
silver bullion investment fund seems important for three
reasons:

First, it publicizes the likelihood of a silver shortage and
thus may spark investment interest regardless of whether
the silver bullion investment fund is started.

Morgan Chase and Goldman Sachs better open trading offices in Dubai

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The Plot Thickens at GM with SEC Subpoenas

By Nat Worden
TheStreet.com Staff Reporter
Thursday, October 27, 2005

http://www.thestreet.com/_yahoo/markets/natworden/10249751.html?
cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

The Securities and Exchange Commission is investigating General
Motors' handling of retirement benefits and its relationship with

Jason Hommel: Silver users fear silver shortage

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9:14p ET Tuesday, October 25, 2005

Dear Friend of GATA and Gold:

Market analyst Peter Grandich, editor of the Grandich
Letter, took his support for GATA onto an hour-long
interview Monday with Jim O'Connell's "Market Call"
program on ROB-TV in Canada. Despite skepticism
from O'Connell, Grandich said he has been persuaded
by GATA that the gold market is being manipulated.

Until Sunday you can see the interview with Grandich

David Morgan: The Silver Users Association is ''managing'' the price of silver

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Perhaps this means that the central banks
did more propping up of the dollar because
the ordinary markets wouldn't....

* * *

Market Insight: Reserve diversification and the dollar

By Chris Flood
Financial Times, London
Wednesday, October 26, 2005

http://news.ft.com/cms/s/f00bbfac-463e-11da-8880-00000e2511c8.html

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