Daily Dispatches

James Turk: Another ''waterfall'' decline in U.S. dollar may be imminent


By John Beresford-Peirse
and Mark Tannenbaum
Bloomberg News Service
Saturday, March 11, 2005


U.S. 10-year Treasury notes fell, the biggest fluctuation of any
government debt market in the world today, after the trade deficit
widened more than forecast on consumer demand for imported goods.

India''s Financial Express reports GATA''s research on CRB/gold disparity


By Tom Dyson
Saturday-Sunday, March 12-13, 2005


At some point the other afternoon, Addison Wiggin
approached our desk with a twinkle in his eye.

"The Japanese are about to start dumping their dollars,"
he said.

We didn't even bother asking for details; the dollar/yen

Mexico mulls silver lining against currency crash


You Can't Bet Bottom Dollar

By Tom Plate
The Korea Times, Seoul
Sunday, March 13, 2005


LOS ANGELES -- Fasten your seat belts and get ready for a major test
of the core stability of the global financial system.

How do we know that a jolt is coming? It's simple. Just consider:

Algerian energy minister says OPEC has reached oil production limit


6p ET Saturday, March 12, 2005

Dear Friend of GATA and Gold:

GATA is asking for your help again but a member
of our Board of Directors, Ed Steer of Edmonton,
Alberta, had made it very easy for you with his
new essay, "A Call to Arms." On GATA's behalf
he asks shareholders of gold and silver mining
companies to take a little responsibility for
getting their companies -- and he emphasizes

Help get your mining companies to send a representative to Gold Rush 21


Asian Foreign Exchange Reserves: A $2.46 Trillion Question

From Reuters
Friday, March 11, 2005


SINGAPORE -- One of the hottest topics in world markets is whether
Asian central banks will diversify their huge currency reserves, a

Now India''s central bank admits considering diversifying out of the dollar


By Michael Kosares
Centennial Precious Metals, Denver
Thursday, March 10, 2005

Previous Japanese dalliances with gold were always
a reaction to tough trade talks -- times when the
United States was pressuring Japan to lower trade
barriers and allow its currency to float (presumably
higher). This week's comment by Prime Minister
Koizumi did NOT come as a reaction to trade talks

China''s Minmetals gives up bid to gain all of Noranda, might take a stake


1:31a ET Thursday, March 10, 2005

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary
for Wednesday, March 9, at LeMetropoleCafe.com
has been posted in the clear at GoldSeek.com


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

Michael Kosares: Japan''s arrow well-aimed at the heart of the dollar


Press Release via Business Wire
Thursday, March 10, 2005


Gold's failure to keep up with exploding commodity prices, as it did
during the last commodities boom in 1980, is more powerful evidence
of surreptitious intervention by central banks in the gold market,

''Midas'' commentary for March 9 posted in the clear at GoldSeek


11p ET Wednesday, March 9, 2005

Dear Friend of GATA and Gold:

Argument over excessive holdings of U.S. dollar
reserves has broken into the open again at the
highest levels of an Asian government. The other
day it was South Korea. Tonight, as you'll see
by the news stories appended here, it's Japan.

Whatever governments and central banks end up
doing about it, their nervousness about their

GATA press release: Gold''s lagging commodities shows central bank market rigging


Noranda Setback Won't Stop
China's Hunt for Metals

By Polly Yam and Robin Paxton
Thursday, March 10, 2005


HONG KONG/SINGAPORE -- China Minmetals Corp. will scour the world
for raw materials to feed sizzling industrial growth at home but may

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