MineWeb reports on World Gold Council''s faltering plans for a bullion fund

Section:

10p ET Tuesday, November 25, 2003

Dear Friend of GATA and Gold:

Delightful speculation continues about Barrick Gold's
abrupt decision to stop hedging for 10 years.

This is offered by an expert especially respected by
GATA:

"Either Barrick Chairman Peter Munk took the wrong speech
with him to the London conference or Barrick's banks pulled
the plug.

"I suppose that it is also possible that Barrick is talking
up the gold price so the company can increase its hedge book.
But this isn't likely, because Barrick probably would do
that when the spotlight was shining on the company when it
was presenting at the conference, not the day after.

"In other words, I don't really think Munk grabbed the wrong
speech on his way out the door. Something happened overnight
to cause the about-face. A phone call from Barrick's bankers
is the most logical answer.

"As for that supposed urgent trip of Barrick CEO Greg Wilkins
to New Orleans. ... Well, Bourbon Street is a big draw to some
people. And the food is pretty good down there. Other than
that, I would just be speculating on motives."

Jim Sinclair has more comment on Barrick as well as several
short essays tonight:

http://www.jsmineset.com

Then there's a lot of interesting news out of the San
Francisco precious metals conference.

CBSMarketWatch Editor Thom Calandra is there and
interviews Bob Bishop of Gold Mining Stock Report on
gold's challenge at $400 and Bishop's recent trip to
inspect Nevsun's property in Eritrea:

http://cbs.marketwatch.com/tvradio/player.asp?guid=028291D8-56C7-
47F3-8CB8-CC8B1F4347E3&siteid=mktw

Or try this abbreviated link:

http://ls.shapebyforce.com/sbf/354

Robert Friedland of Ivanhoe Mines made a presentation
in San Francisco that was reported in the Marin
Independent Journal:

http://www.marinij.com/Stories/0,1413,234244071789838,00.html

MineWeb got comment in San Francisco about gold
prospects in Ghana:

http://www.mips1.net/mgf03.nsf/Current/80256DE10032DB9888256DE90008FE2
D?OpenDocument

Or try this abbreviated link:

http://ls.shapebyforce.com/sbf/355

MineWeb also got comment in San Francisco about
Harmony Gold's plans:

http://www.mips1.net/mgf03.nsf/Current/80256DE10032DB9880256DE90011B84
D?OpenDocument

Or try this abbreviated link:

http://ls.shapebyforce.com/sbf/356

Also of interest. ... NovaGold has won a listing on
the American Stock Exchange:

http://biz.yahoo.com/bw/031125/255725_1.html

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

To unsubscribe, send an e-mail to:

gata-unsubscribe@yahoogroups.com

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

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

Free sites:

http://www.jsmineset.com

http://www.cbs.marketwatch.com

http://www.mineweb.com/

http://www.gold-eagle.com/

http://www.kitco.com/

http://www.usagold.com/

http://www.GoldSeek.com/

http://www.capitalupdates.com/

http://www.goldenbar.com/

http://www.silver-investor.com

http://www.thebulliondesk.com/

http://www.sharelynx.net

http://www.mininglife.com/

http://www.financialsense.com

http://www.goldensextant.com

http://www.goldismoney.info/index.html

http://www.howestreet.com

http://www.depression2.tv

http://www.moneyfiles.org/

http://www.howestreet.com

http://www.minersmanual.com/minernews.html

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

http://www.goldcolony.com

http://www.mineralstox.com

Subscription site:

http://www.lemetropolecafe.com/

http://www.hsletter.com

Eagle Ranch discussion site:

http://os2eagle.net/checksum.htm

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

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
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

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

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

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

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

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
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

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

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

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

By GoldMoney:

http://www.GoldMoney.com
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.