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

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:

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

quot;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.

quot;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.

quot;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.quot;

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

a href=http://www.jsmineset.comhttp://www.jsmineset.com/a

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:

a href=http://cbs.marketwatch.com/tvradio/player.asp?guid=http://cbs.marketwatc...
47F3-8CB8-CC8B1F4347E3amp;siteid=mktw

Or try this abbreviated link:

a href=http://ls.shapebyforce.com/sbf/354http://ls.shapebyforce.com/sbf/354/a

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

a href=http://www.marinij.com/Stories/0,1413,234244071789838,00.htmlhttp://www....

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

a href=http://www.mips1.net/mgf03.nsf/Current/80256DE10032DB9888256DE90008FE2ht...
D?OpenDocument

Or try this abbreviated link:

a href=http://ls.shapebyforce.com/sbf/355http://ls.shapebyforce.com/sbf/355/a

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

a href=http://www.mips1.net/mgf03.nsf/Current/80256DE10032DB9880256DE90011B84ht...
D?OpenDocument

Or try this abbreviated link:

a href=http://ls.shapebyforce.com/sbf/356http://ls.shapebyforce.com/sbf/356/a

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

a href=http://biz.yahoo.com/bw/031125/255725_1.htmlhttp://biz.yahoo.com/bw/0311...

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

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