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Daily Dispatches

Jim Sinclair: Gold share bottom is in and gold will reach $480 in 103 days

Section: Daily Dispatches

By Veronica Brown
Reuters
May 4, 2004

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5037044

LONDON -- China's hunger for raw materials will drive
further demand for commodities such as metals despite
worries that the country's economy might overheat, a
panel of mining specialists said on Tuesday.

The suzerain of the largest exchange-rate manipulation in history

Section: Daily Dispatches

The Gold Creed

By Jim Sinclair
Tuesday, May 4, 2004
http://www.jsmineset.com

Please repeat after me: "In 103 days or less gold will
trade at $480."

I know this because:

* China is doing the right thing by increasing interest rates
to decelerate growth to a comfortable 4 percent per year.

* Increased interest rates are part and parcel of a major bull

A gold-based financial system is more practical than ever, just impolitic

Section: Daily Dispatches

Gold May Rise as Fed Likely to Leave Benchmark Rate Unchanged May 3

By Claudia Carpenter
Bloomberg News Service
Sunday, May 2, 2004

http://quote.bloomberg.com/apps/news?pid=10000080&sid=adFYmvdcLnTE

NEW YORK -- Gold may rise this week, ending a five-week
slide, amid speculation the Federal Reserve on Tuesday will

An open letter to Jessica Cross, managing director of Virtual Metals

Section: Daily Dispatches

By Mark S. Wallace
Monday, May 3, 2004

Unfortunately I cannot attend the May 13-14 conference of
the American Institute for Economic Research in Great
Barrington, Mass., about resuming a gold standard, as
reported in GATA dispatch 2122:

http://groups.yahoo.com/group/gata/message/2122

But there are many more reasons now than there were

Sunday commentaries by Jim Sinclair

Section: Daily Dispatches

Gold's monthly loss tops $40;
is this a buying opportunity?

By Myra P. Saefong
CBS.MarketWatch.com
Friday, April 30, 2004

http://cbs.marketwatch.com/news/story.asp?guid=%7B6E489D59%2D130B%
2D467B%2D86D9%2D6B039BAD3AEB%7D&siteid=mktw

Gold futures closed out April with a cumulative monthly loss
of more than $40 an ounce Friday, as growing expectations

Doubts that Fed will raise interest rates prompt buy recommendations for gold

Section: Daily Dispatches

4:07p ET Sunday, May 2, 2004

Dear Friend of GATA and Gold:

Jim Sinclair's two Sunday commentaries, "Jim's Mailbox"
and "A Technical Look at Gold and Its Market
Constitutents," are urgent and encouraging reading:

http://www.jsmineset.com/

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

----------------------------------------------------

Gold''s monthly loss tops $40; is this a buying opportunity?

Section: Daily Dispatches

9:24p ET Friday, April 30, 2004

Dear Friend of GATA and Gold:

Jason Hommel's latest "Silver Stocks -- Comparative
Valuations" report has been posted at his Internet
site along with some interesting commentary:

http://www.goldismoney.com/ssr/SS32.html

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

Japan admits receiving Russian gold but says it owes nothing now

Section: Daily Dispatches

By James R. Cook
Investment Rarities Inc.
http://www.investmentrarities.com
April 29, 2004

Almost all the human progress ever made has come because
of the single-mindedness of one lonely individual. They
scorned Henry Ford, ridiculed Edison and Einstein, and
burned Bruno at the stake. (He took the fall for Gallileo.)

A writer recently questioned Ted Butler's credibility because

Russian stock exchange tumbles on fears for oligarch bidding for Gold Fields

Section: Daily Dispatches

http://www.itar-tass.com/eng/level2.html?NewsID=765616&PageNum=0

TOKYO, April 30 (Itar-Tass) -- Japanese sources have
confirmed that Russia turned over 55 boxes of gold to
Japan from 1916-1920 to pay for supplies of military
hardware. But in the opinion of official Tokyo, Japan has
no Russian valuables that should have been returned to

Inflation showing up everywhere -- except in the gold price

Section: Daily Dispatches

By John Helmer
Business Day, South Africa
Friday, April 30, 2004

http://www.bday.co.za/bday/content/direct/1,3523,1605241-6078-
0,00.html

MOSCOW -- Russia's stock market suffered heavy losses
amid rumours that billionaire metals magnate Vladimir
Potanin, controlling shareholder of Norilsk Nickel and the
new part-owner of Gold Fields, had been hauled in for

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