Daily Dispatches

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:

Weaker dollar and inflation fears rattle Treasury market


By Nicholas K. Geranois
Associated Press Writer
Seattle Post-Intelligencer
Saturday, March 12, 2005


SPOKANE, Wash. -- When fire broke out in Idaho's Sunshine Mine in
1972, there was little panic. Miners knew there wasn't much to burn

Tom Dyson: Is Japan getting ready to dump the dollar?


12:19p ET Sunday, March 13, 2005

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the
Freemarket Gold & Money Report and consultant
to GATA, has gotten out his U.S. dollar charts
again and writes that the dollar seems to be
even weaker than he thought it would be. Turk
sees a chance that there soon will be another
"waterfall" decline in the dollar, which would

All Asia contemplates who will be the first and last to get out of the dollar


Commodity Watch:
Central bank intervention keeps gold prices lower: GATA

The Financial Express, New Delhi
Monday, March 14, 2005


By Our Commodities Bureau

MUMBAI, March 13 -- The price history of the last boom in
commodities suggests that gold now should be priced

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

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

''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

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.

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