Peter Brimelow: Questions about gold market manipulation and missing M3 figures


By Peter Brimelow
Monday, August 7, 2006

NEW YORK -- On Wednesday I received Harry Schultz's latest Gold Charts R Us communication, (itself an object lesson about the alacrity with which some of the truly veteran newsletter writers (like Richard Russell) have adapted to the Internet.

Add them or cut them off at will: Zeroes are a central bank's best friend


Zimbabwe's Monetary Reforms Disparaged as 'Cosmetic'

By Fanuel Jongwe
Agence France-Presse
Sunday, August 6, 2006

HARARE, Zimbabwe -- Zimbabweans last week flooded banks to hand in old notes after the central bank slashed three zeroes from the local currency, but analysts said the new money would not provide relief from record inflation.

Pipeline corrosion and spill close Alaska's Prudhoe Bay oil field


By The Associated Press
Sunday, August 6, 2006

ANCHORAGE, Alaska -- BP Exploration Alaska Inc. began shutting down the Prudhoe Bay oil field Sunday after discovering unexpectedly severe corrosion and a small spill from a transit pipeline.

Prudhoe Bay represents about half of Alaska's oil production and about 8 percent of U.S. production, according to the U.S. Energy Information Administration.

James Turk: The dollar weakens further


9p ET Sunday, August 6, 2006

Dear Friend of GATA and Gold:

GATA consultant James Turk, editor of the Freemarket Gold & Money Report and founder of GoldMoney, tonight alerted GoldMoney customers to what may be a breakdown in the value of the U.S. dollar. His alert, headlined "The Dollar Weakens Further," can be found in the "Founder's Commentary" box at the top left of the GoldMoney home page here:

Newmont president to address October CMRE meeting in New York


3:49p ET Friday, August 4, 2006

Dear Friend of GATA and Gold:

The fall dinner meeting of the Committee for Monetary Research and Education, to be held in New York City on Thursday evening, October 19, will have some speakers of special interest to gold and silver investors. Among them:

-- Pierre Lassonde, president of Newmont Mining Corp.

-- Paul van Eeden, precious metals newsletter writer and international lecturer.

Barrick will keep hedging at least 9.5 million ounces


11:30a ET Friday, August 4, 2006

Dear Friend of GATA and Gold:

On the basis of Barrick Gold's Thursday conference call with financial analysts, MineWeb's Dorothy Kosich reports that Barrick does not intend to close at least 9.5 million ounces of the 13 million ounces remaining on its hedge book. The MineWeb story also includes comments on Barrick's bid to acquire NovaGold. You can find it here:

Barrick cuts gold hedge by 7.7 million ounces with 13 million left


Gold Bugs Look to Smaller Stocks;
While Barrick Seen as Good Bet,
Analysts See Better Gains
in Small- and Mid-Caps

By Shirley Won
The Globe and Mail, Toronto
Friday, August 4, 2006

Barrick Gold Corp.'s stock may appear to be gaining more lustre thanks to its takeover of Placer Dome Inc. and the elimination of Placer's hedge book, but analysts say the big gains are still to be had with the smaller gold miners.

Bank of Italy says switch to pounds doesn't anticipate dollar crash


From Reuters
Thursday, August 3, 2006

ROME -- The Bank of Italy said on Thursday that its action last year in slashing dollar reserves and switching heavily into the British pound was not motivated by any expectation of a slide in the dollar.

A senior BOI official denied a report in Britain's Telegraph newspaper that cited an Italian official saying the BOI had been acting in advance of an expected dollar fall linked to the end of the Federal Reserve's campaign of monetary tightening.

James Turk: Another good month


11:30a ET Wednesday, August 2, 2006

Dear Friend of GATA and Gold:

James Turk, founder of GoldMoney, editor of the Freemarket Gold & Money Report, and consultant to GATA, reflects on gold and silver in his new analysis, "Another Good Month," and concludes that silver is likely to outperform gold henceforth.

You can find Turk's analysis in the "Founder's Commentary" box at the top left of the GoldMoney home page here:

It's a wonderful life: John Embry is interviewed on ROB-TV


Dear Friend of GATA and Gold:

It's the wrong season -- too warm -- for television to be broadcasting "It's A Wonderful Life," but Report on Business Television in Canada today broadcast the summer equivalent: a "Market Call" interview by Jim O'Connell of Sprott Asset Management's chief investment strategist, John Embry.

Embry discussed manipulation of the gold market, predicted that the next move up in gold will be a big one, and reviewed the prospects for a large number of mining companies, including three GATA supporters -- Agnico-Eagle, ECU Silver, and North Atlantic Resources.