Daily Dispatches

Dollar falls as Sweden slashes holdings in half


8:27a ET Friday, April 21, 2006

Dear Friend of GATA and Gold:

GATA Board of Directors member Ed Steer has written
some brief but pointed commentary about yesterday's
smashdown in the precious metals. It's headlined
"A Last Desperate Act?" and you can find it at
Financial Sense here:


More hand wringing from IMF as if U.S. ever really might act more responsibly


3:24p ET Thursday, April 20, 2006

Dear Friend of GATA and Gold:

If you need some encouragement today, MiningMX
has interviewed a couple of undaunted gold
enthusiasts, GATA Chairman Bill Murphy and
gold mining company executive and broker Murray
Pollitt, president of Pollitt & Co. in Toronto,
and you can read it here:


Morgan Chase to pay $425 million for manipulating markets


4:12p ET Thursday, April 20, 2006

Dear Friend of GATA and Gold:

The spring dinner meeting of the Committee for Monetary
Research and Education, a gold-friendly group, will be
held from 5 to 10 p.m. Thursday, May 11, at the Union
League Club, 38 East 37th St., just a few blocks from
Grand Central Station in New York City. The agenda is

It's always an interesting time and a great dinner,

MiningMX interviews Bill Murphy and Murray Pollitt


Ahmadinejad: Oil Price Is Lower Than Value

By Nasser Karimi
Associated Press
Thursday, April 20, 2006


Wading into oil politics for the first time, Iran's hard-line
president said Wednesday that crude oil prices -- now at record
levels -- still are below their true value.

You''re invited to dinner meeting of Comm. for Monetary Research and Education


IMF Aims for Multi-lateral Talks on Imbalances

From Reuters
Thursday, April 20, 2006


WASHINGTON -- International Monetary Fund Managing Director Rodrigo
Rato said on Thursday the IMF would aim to begin multilateral

Iran''s president says oil is worth much more than developed world pays for it


China's Yuan Has Biggest Gain Against Dollar Since Revaluation

By Christina Soon
Bloomberg News Service
Wednesday, April 19, 2006


BEIJING -- The yuan had its biggest gain since last year's
revaluation before President Hu Jintao meets his U.S. counterpart

Study clears silver dental fillings of causing hard-money fanatics


12:06a ET Tuesday, April 18, 2006

Dear Friend of GATA and Gold:

Not long ago Jim Rogers, the hedge and commodities
fund manager, was more impressed with lead than
with gold, and more impressed with himself than
anything. Then Refco taught him the meaning of the
term "counterparty risk."

So with gold quickly a couple hundred dollars
higher and showing no sign of stopping, Rogers has

China''s president brings gift to Washington: big gain in yuan''s exchange rate


7:55a ET Wednesday, April 19, 2006

Dear Friend of GATA and Gold:

GoldMoney's James Turk, editor of the Freemarket
Gold & Money Report and consultant to GATA,
offers a meditation on the failure of the U.S.
Federal Reserve to keep interest rates ahead of
inflation. You can find Turk's essay, "When Will
the Fed Stop?," at Kitco here:


Jim Rogers discovers gold, a couple hundred dollars late


6:32p ET Tuesday, April 18, 2006

Dear Friend of GATA and Gold:

GATA's good friend Rob Kirby examines how the fabled
200-day moving average stacks up against what von
Mises called the "crack-up boom," which may have
begun in earnest in the United States today as oil,
gold, and silver continued to soar while the Federal
Reserve announced that everything probably will be
just fine soon. You can find Kirby's essay, "An Ode

James Turk: When will the Fed stop?


From Reuters
Wednesday, April 19, 2006


CHICAGO -- Silver dental fillings widely used to fill cavities do
not appear to cause brain damage in children even though the mercury
in them is a known neurotoxin, according to studies published on

"Dentists and parents can be very assured from the results of this

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