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MiningMX: Hedge book causing big trouble at AngloGold
11:40p ET Thursday, April 3, 2008
Dear Friend of GATA and Gold:
MiningMX's Allan Seccombe reports that AngloGold's hedge book is making big trouble for the company. GATA urged the company to cover years ago, or at least trade its gold loans for the "evergreen" sort of which Barrick Gold was boasting -- the sort that never have to be repaid. But such loans seem to be available only to really special friends of the U.S. Treasury Department. You can find the MiningMX story on AngloGold here:
http://www.miningmx.com/gold_silver/508339.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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