Daily Dispatches

By Theodore Butler
Tuesday, September 7, 2004
www.InvestmentRarities.com

As foretold by the COTs and the market structure,
the buying orgy by the technical hedge funds
appears to be leading to indiscriminate tech fund
selling. The dealers appear to be harvesting the
tech funds once again. While it is difficult to
fathom the self-inflicted beating the tech funds
bring on themselves, it does create opportunity

Newmont Sees Gold Range
of $380-$450 in Year Ahead

By Lewa Pardomuan
Reuters
Monday, September 6, 2004

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6152399

SHANGHAI -- Newmont Mining Corp., the world's
largest gold miner, expects gold to trade in a range
of $380 to $450 an ounce for the next 12 months

Gwalia 'knew' of gold woes

By John Paceas
The West Australian, Perth
Tuesday, September 7, 2004

http://www.thewest.com.au/20040907/business/tw-business-home-
sto129269.html

Failed miner Sons of Gwalia last night said it had
received a preliminary report on its gold resources
more than a month before it was forced into

10:57a ET Monday, September 1, 2004

Dear Friend of GATA and Gold:

There's a big gold industry conference in
Shanghai, and Barrick Gold's chief financial
officer, Jamie Sokalsky, is spreading GATA's
message there.

At least it seems so from the Reuters dispatch
from the conference, which has an interview
with Sokalsky that is appended.

Sokalsky says:

* Barrick's gold price forecast is higher even

'Less Gold to be Sold Than Planned'

IAfrica.com
Saturday, September 4, 2004

http://business.iafrica.com/news/345466.htm

European central banks may sell as little as 250
tons of gold per annum, instead of the maximum
of 500 tons per annum, as per the second
European Central Bank agreement, from 2004
through to 2009, London-based UBS analyst

Hedging strategy ambushes canny investors

By Stephen Bartholomeusz
The Age, Melbourne, Australia
September 4, 2004

http://www.theage.com.au/articles/2004/09/03/1093939146279.html?
oneclick=true

One of the perplexing questions generated by this
week's collapse of Sons of Gwalia is how so many
very smart investors could have got it so wrong.

8p ET Thursday, September 2, 2004

Dear Friend of GATA and Gold:

The World Gold Council purports to be the
representative of the gold community but until
today it had had virtually nothing to say for three
months -- not a word about Sprott Asset
Management's report confirming the manipulation
of the gold price, not a word about the collapse of
Sons of Gwalia because of excessive hedging, not

12:36a ET Wednesday, September 1, 2004

Dear Friend of GATA and Gold:

James R. Cook, proprietor of GATA supporter
Investment Rarities in Minneapolis and longtime
sponsor of silver analyst Ted Butler's
commentaries, has published his own
commentary this week, substituting for Butler,
who is on vacation, and taking some credit
for Butler as the original illuminator of the
scam of precious metals leasing, by virtue of

8:43p ET Tuesday, August 31, 2004

Dear Friend of GATA and Gold:

Here's still another news story about the
supposedly imminent start of the World
Gold Council's U.S. bullion fund, which
has been imminent for a year and a half
now.

Note particularly the assertion that the
World Gold Council said it is forbidden to
comment. Since when has the World Gold
Council commented on ANYTHING relevant to

10:06p ET Monday, August 30, 2004

Dear Friend of GATA and Gold:

What could be nicer than a few autumn days in
Toronto?

(Who's the wiseguy who answered: A long,
leisurely retirement in Saint Maarten?)

Well, the path to a leisurely retirement in Saint
Maarten -- or anywhere else, for that matter --
may run through Toronto on Sunday and Monday,
October 3 and 4, when Cambridge House will