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Daily Dispatches

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

Section: Daily Dispatches

Asian Foreign Exchange Reserves: A $2.46 Trillion Question

From Reuters
Friday, March 11, 2005

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh61574_2005-03-11_08-29-08_sp344615_newsml

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

Algerian energy minister says OPEC has reached oil production limit

Section: Daily Dispatches

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

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

Section: Daily Dispatches

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

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

Section: Daily Dispatches

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
here:

http://news.goldseek.com/LemetropoleCafe/1110467532.php

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

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

Section: Daily Dispatches

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

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

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh38666_2005-03-10_10-28-40_hkg302039_newsml

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

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

Section: Daily Dispatches

Press Release via Business Wire
Thursday, March 10, 2005

http://home.businesswire.com/portal/site/google/index.jsp?
ndmViewId=news_view&newsId=20050310005232&newsLang=en

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,

Now Japan''s nervousness about excessive dollar reserves breaks into the open

Section: Daily Dispatches

By Steve Rothwell and Vivianne C. Rodrigues
Bloomberg News Service
Tuesday, March 8, 2005

http://www.bloomberg.com/apps/news?
pid=10000087&sid=ahi9FM5uTMDA&refer=top_world_news

The euro advanced against the dollar to its highest in two months
after European Central Bank policy maker Nout Wellink suggested to
the Financial Times Deutschland the bank may raise interest rates to

Undercurrent of dismay in China over accumulation of dollar assets

Section: Daily Dispatches

By Steve Johnson
Financial Times, London
Monday, March 7, 2005

http://news.ft.com/cms/s/a51f413c-8f3a-11d9-a70f-00000e2511c8.html

The extent to which Indian and Chinese banks are cutting their
exposure to the ailing US dollar was revealed yesterday in data from
the Bank for International Settlements.

The Asian central and commercial banks covered in the BIS data held

Ted Butler: The coming silver accident

Section: Daily Dispatches

China Says It Won't Sell Dollars

By Keith Bradsher
The New York Times
Monday, March 7, 2005

http://www.nytimes.com/2005/03/07/business/worldbusiness/07yuan.html

HONG KONG, March 6 -- The Chinese official in charge of his
country's huge foreign currency reserves said over the weekend that
China had no plans to sell dollars, and also ruled out any "large-

Wheaton River to remain unhedged, expects higher gold price next year

Section: Daily Dispatches

By Ted Butler
InvestmentRarities.com
Tuesday, March 8, 2005

Perhaps "accident" may not be the precise word to describe what I
see coming in silver. After all, Webster's defines accident as
"an unforeseen and unplanned event or circumstance." While that
definition certainly encompasses what I see ahead in the silver
market, I need to add a qualifying adjective to complete my vision.

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