Barrick open to acquiring more gold and copper assets

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God knows Barrick is short enough of both....

* * *

Barrick CFO Sees a Lot More Upside to Gold Price

From Reuters
Tuesday, December 12, 2006

http://ca.news.yahoo.com/s/reuters/061212/business/business_barrick_cfo_...

TORONTO -- Barrick Gold Corp.'s chief financial officer said on Tuesday that the fundamentals for the price of gold remain strong.

"I think we've got a lot more upside on the gold price. I certainly can see the highs that we had earlier this year being taken out," said Jamie Sokalsky in an interview.

Al Jazeera joins ROB-TV in exposing the gold price suppression scheme

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8:45p ET Tuesday, December 12, 2006

Dear Friend of GATA and Gold:

Al Jazeera, the international news organization based in Qatar and owned by the emir of that Arabian Gulf country (an ally of the United States recently visited by your secretary/treasurer in another capacity), has just joined Canada's Report on Business Television in what might as well be called Radio (and Television) Free America.

Having the U.S. government as a subsidiary is good business

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Goldman Sachs 4th-Quarter Profit Doubles

From The Associated Press
Tuesday, December 12, 2006

http://biz.yahoo.com/ap/061212/goldman_earns.html?.v=1

NEW YORK -- Goldman Sachs Group Inc., the biggest investment bank on Wall Street, reported fourth-quarter profit doubled from last year on record takeover activity and robust stock market trading.The company reported a profit of $3.15 billion, or $6.59 per share, compared with $1.63 billion, or $3.35 per share, in the year-ago period. Revenue soared to $9.41 billion, up from $6.4 billion last year.

Dow Jones interviews Blanchard's Ryan on gold's prospects

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8:35p ET Monday, December 11, 2006

Dear Friend of GATA and Gold:

Dow Jones Newswires today interviewed Blanchard & Co.'s research director, Neal Ryan, about gold's prospects, and the story is appended. We hope to hear from Ryan this week about his efforts to persuade the International Monetary Fund that it should do something to correct the misleading accounting of central bank gold.

CHRIS POWELL, Secretary/Treasurer

Heroic Afghans safeguarded their country's golden heritage

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By Angela Doland
Associated Press
Monday, December 11, 2006

http://news.yahoo.com/s/ap/20061211/ap_en_ot/afghanistan_s_treasures_5

PARIS -- The mystery baffled archaeologists for more than two decades. What happened to 22,000 pieces of gold -- jewel-encrusted crowns, daggers, and baubles from an ancient burial mound -- that had apparently vanished from Afghanistan in the 1980s.

With the country mired in wars and general chaos, rumors swirled. Had the 2,000-year-old gold treasure trove been spirited away from the Afghan National Museum to Russia, or sold on the black market, or melted down? Many assumed it was gone forever, yet another cultural loss for a country that had become accustomed to such ruin.

Mortgage delinquencies threatening U.S. borrowers and banks

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By Marcy Gordon
Associated Press
Monday, December 11, 2006

http://news.yahoo.com/s/ap/20061211/ap_on_bi_ge/home_mortgages

Mortgage delinquency and foreclosure rates are on the rise, and the impact could be greatest on low-income families that took out higher-interest loans for risky borrowers, some experts said Monday.

Treasury Secretary Henry Paulson said the government wants to issue guidelines to banks and savings and loans that will allow people to get home loans "without taking unnecessary risks."

Ted Butler: The record speaks for itself

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4:50p ET Monday, December 11, 2006

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler's new commentary, "The Record Speaks for Itself," argues that the fundamentals and demographics favor natural resources for years ahead and that the short position in silver makes that metal the most promising of natural resource investments. You can find Butler's commentary at GoldSeek's companion site, SilverSeek, here:

E-gold gets tough on crime

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By Kim Zetter
Wired magazine
Monday, December 11, 2006

http://www.wired.com/news/technology/0,72278-0.html?tw=rss.technology

The founder of PayPal competitor e-gold has grown tired of the government characterizing his business as a haven for money launderers, terrorists, child pornographers and credit card thieves.

So a year after the Department of Justice raided his offices, Douglas Jackson, president of Gold and Silver Reserve, which operates e-gold, has been wading deep into his customer transaction logs to identify and fight back against people who misuse his system. In the last month, he's blocked about 2,000 accounts from his system, and he's voluntarily turned over detailed account and transaction histories to federal law enforcement.

Bloomberg story finds many establishment advisers favorable to gold

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11:29p ET Sunday, December 10, 2006

Dear Friend of GATA and Gold:

The Bloomberg story appended here is a bit surprising for being so favorable to gold and candidly laying out the role of central banks in supplying the market amid diminishing mine production. Too many establishment people are quoted here, along with GATA's friend Frank Holmes, for it to be completely disinformation. Maybe the word is getting around.

China trip is meant to coordinate dollar devaluation, economist says

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U.S. Dollar Facing
Imminent Collapse?

Jerome R. Corsi
WorldNetDaily.com
Sunday, December 10, 2006

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53311

Even as the stock market is hitting new record highs almost every day, the Federal Reserve and Treasury Department are quietly coordinating a devaluation of the dollar that the Bush administration hopes will be a slow decline rather than a dollar collapse.