Resource Investor: Barclay's silver ETF shows stealthy demand for metal

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4:28p ET Thursday, August 31, 2006

Dear Friend of GATA and Gold:

Resource Investor's Gene Arensberg reports that Barclay's silver exchange-traded fund has added silver steadily over the last month and now claims more than 100 million ounces, suggesting a stealthy demand for the metal. You can find the report here:

http://www.resourceinvestor.com/pebble.asp?relid=23299

CHRIS POWELL, Secretary/Treasurer

Missing gold and missing socks

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1a ET Thursday, August 31, 2006

Dear Friend of GATA and Gold:

GATA's friend Ralph Johnston has objected to our nomination Wednesday of gold price suppression case litigator Reg Howe as the new commandant of Fort Knox, Kentucky, site of the U.S. gold bullion depository. "Howe would be disappointed," Johnston writes, since "there's more gold in my sock drawer than in Fort Knox."

This is a fair point of inquiry, and the question is not just whether any gold is left at Fort Knox after decades of Western central bank intervention in the gold market but also, perhaps more importantly, exactly who has title to whatever gold is still there.

Goldcorp pays 33% premium for Glamis and will own 60% of new company

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Goldcorp and Glamis Agree to US$21.3 Billion Combination
Creating the World's Premier Gold Mining Company

Joint Company Press Release
via Market Wire
Thursday, August 31, 2006

http://biz.yahoo.com/iw/060831/0158924.html

TORONTO -- Goldcorp Inc. and Glamis Gold Ltd. announced today that they have agreed to combine in a US$21.3 billion transaction to create one of the world's largest gold mining companies. The new company will continue under the name Goldcorp Inc.

Goldcorp to acquire Glamis in friendly deal

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By Wendy Stueck
The Globe and Mail, Toronto
Thursday, August 31, 2006

http://www.theglobeandmail.com/servlet/story/RTGAM.20060830.wgold0830/BN...

VANCOUVER -- Bucking the trend of corporate Canada becoming a shopping mall for foreign investors, Vancouver-based Goldcorp Inc. will announce Thursday a friendly takeover of Glamis Gold Ltd. that will create the world's No. 3 gold producer.

Yikes! GATA's message breaks through

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11a ET Wednesday, August 30, 2006

Dear Friend of GATA and Gold:

The years of work of one of GATA's Australian supporters and publicists, Sid Reynolds, paid off hugely today with his persuasion of FNArena.com's Greg Peel to examine at length some details of the international gold price suppression scheme. Peel did just that in a long essay at FNArena, and, startlingly, TheBullionDesk.com, never terribly interested in GATA's work, has made Peel's essay its lead story at this hour.

Resource Investor takes another look at Barrick's bid for NovaGold

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1:32a ET Wednesday, August 30, 2006

Dear Friend of GATA and Gold:

Resource Investor's Jon A. Nones has updated the situation with Barrick's attempt to acquire NovaGold, what with more lawsuits and a new valuation of the junior miner, which Resource Investor puts at as much as $73 per share. NovaGold closed Tuesday at $17.50. (Sweet dreams!)

You can find Nones' report here:

http://www.resourceinvestor.com/pebble.asp?relid=23243

China reported ready to widen yuan's trading range

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From AFX News via Forbes
Tuesday, August 29, 2006

http://www.forbes.com/markets/feeds/afx/2006/08/29/afx2981348.html

SHANGHAI -- China's central bank may widen the daily trading band of the yuan against the dollar to increase the flexibity of its exchange rate, the China Securities Journal reported in a front-page story, citing analysts.

Currently, the People's Bank of China allows the currency to move 0.3 percent on either side of the central parity set before start of trading every day.

Peru negotiates end to siege at Yanacocha gold mine

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Farmers Reach Deal
Over Peru Gold Mine

By Carla Salazar
Associated Press
Wednesday, August 30, 2006

http://biz.yahoo.com/ap/060830/peru_gold_mine.html?.v=1

LIMA, Peru -- Latin America's largest gold mine and protesting farmers reached a government-brokered agreement late Tuesday to end a six-day roadblock that prompted a 24-hour shutdown of operations.

Peru's presidential Cabinet chief, Jorge Del Castillo, announced the deal to lift the roadblock Wednesday and immediately resume gold production at the Yanacocha gold mine, majority owned by Denver-based Newmont Mining Corp.

GoldSeek's Peter Spina: U.S. must sacrifice the dollar or the economy

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Gold Tallies Two-Day Loss
of More Than $11

Price Climbs in Electronic Session
After Fed Minutes;
Metals Index Up Slightly

By Myra P. Saefong
CBSMarketWatch.com
Tuesday, August 29, 2006

http://www.marketwatch.com/News/Story/Story.aspx?column=Metals+Stocks&si...

SAN FRANCISCO -- Gold futures fell in tandem with oil Tuesday to tally a two-day loss of more than $11 an ounce, then moved higher in the electronic trading session as investors weighed the prospects for metals demand and mulled the minutes from the Aug. 8 Federal Reserve monetary policy meeting.

More 'experts' are mystified

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They must never have heard of the gold price suppression scheme, nor even of derivatives in the bond and oil markets.

* * *

What Crisis? Oil, Gold, Stocks
Show Investors Ignore World Risk

By Michael R. Sesit
Bloomberg News Service
Monday, August 28, 2006

http://www.bloomberg.com/apps/news?pid=20601100&sid=agYt1SK7yvdY

PARIS -- What you know can help you -- unless you ignore it, which appears to be how investors are treating growing risks of war, terrorism, and political unrest.