logo
Published on Gold Anti-Trust Action Committee (http://gata.org)

What does Barrick''s abrupt reversal on hedging really mean?

By cpowell
Created 2003-11-23 08:00

11:29a ET Saturday, November 22, 2003

Dear Friend of GATA and Gold:

GATA isn't in the investment advice business, but maybe
we can be forgiven for alerting our supporters to
commentary likely to make them less agitated or neurotic
about gold. In that spirit the new commentary of Robert
Bishop, editor of Gold Mining Stock Report, just posted
at Kitco, is highly recommended. Bishop's commentary
is titled "Preoccupation With the Short Term" and his
advice is against it, given a long-term bull market in
gold. You can find Bishop's commentary here:

http://www.kitco.com/ind/Goldreport/nov212003.html [1]

Also, Business Week Online has an excellent interview
with USAA Precious Metals and Minerals Fund manager
Mark Johnson, who remarks about the inverse relationship
between the gold price and interest rates -- maybe the
most important observation of GATA's long research,
after the rigging of the gold market itself. Johnson notes
that interest rates are becoming increasingly negative
-- falling behind the inflation rate -- and that this is
great for gold. The Johnson interview is headlined "Why
Gold's Gleam Isn't Likely to Dim" and you can find it
here:

http://yahoo.businessweek.com/investor/content/nov2003/pi20031119_4703 [2]
_pi057.htm

Or try this abbreviated link:

http://ls.shapebyforce.com/sbf/347 [3]

The bullion banks, underwritten by the U.S. government,
may be able to keep the gold price under $400 through
this week's futures contract expirations. But any
disappointment that causes our side should be blown
away by confidence in the fundamentals and long-term
trend. That is the essence of what these two experts
are saying.

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

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

To subscribe to GATA's dispatches, send an e-mail to:

gata-subscribe@yahoogroups.com [4]

To unsubscribe, send an e-mail to:

gata-unsubscribe@yahoogroups.com [5]

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

RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS

Free sites:

http://www.jsmineset.com [6]

http://www.cbs.marketwatch.com [7]

http://www.mineweb.com/ [8]

http://www.gold-eagle.com/ [9]

http://www.kitco.com/ [10]

http://www.usagold.com/ [11]

http://www.GoldSeek.com/ [12]

http://www.capitalupdates.com/ [13]

http://www.goldenbar.com/ [14]

http://www.silver-investor.com [15]

http://www.thebulliondesk.com/ [16]

http://www.sharelynx.net [17]

http://www.mininglife.com/ [18]

http://www.financialsense.com [19]

http://www.goldensextant.com [20]

http://www.goldismoney.info/index.html [21]

http://www.howestreet.com [22]

http://www.depression2.tv [23]

http://www.moneyfiles.org/ [24]

http://www.howestreet.com [25]

http://www.minersmanual.com/minernews.html [26]

http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html [27]

http://www.goldcolony.com [28]

http://www.mineralstox.com [29]

Subscription site:

http://www.lemetropolecafe.com/ [30]

http://www.hsletter.com [31]

Eagle Ranch discussion site:

http://os2eagle.net/checksum.htm [32]

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

COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS

Centennial Precious Metals
3033 East 1st Ave.
Suite 403
Denver, Colorado 80206
www.USAGold.com [33]
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com [34]

Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com [35]
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net [36]

Investment Rarities Inc.
7850 Metro Parkwa
Minneapolis, Minnesota 55425
http://www.gloomdoom.com [37]
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com [38]

Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com [39]

Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com [40]
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com [41]

Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com [42]
Contacts: David Schectman,
Andy Schectman, and Bob Sichel

Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com [43]

Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.buycoin.com [44]
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com [45]

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

HOW TO HELP GATA

If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.

By check:

Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA

By credit card (MasterCard, Visa, and
Discover) over the Internet:

http://www.gata.org/creditcard.html [46]

By GoldMoney:

http://www.GoldMoney.com [47]
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L

Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled "GATA."

GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.


Source URL:
http://gata.org/node/2087