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Daily Dispatches
Two new gold market commentaries at CBSMarketWatch
Submitted by cpowell on Mon, 2003-03-17 03:00 Section: Daily Dispatches3:21p ET Wednesday, March 12, 2003
Dear Friend of GATA and Gold:
Thom Calandra's commentary at CBSMarketWatch today
examines a proposed Federal Reserve regulation that
one expert says would allow banks to short commodities
without limit. Our own James Turk of GoldMoney and
the Freemarket Gold and Money Report is quoted too.
You can find Calandra's commentary here:
a href=http://cbs.marketwatch.com/news/story.asp?guid=%7BC7D6C811%2D9ECE%http:/...
Will Fed let banks short commodities without limit?
Submitted by cpowell on Wed, 2003-03-12 03:00 Section: Daily Dispatches8:38p ET Friday, March 7, 2003
Dear Friend of GATA and Gold:
MineWeb has expanded on its report about Newmont's
overhedged Yandal mine and concludes that bullion
banks don't have many peremptory claims on gold-
mining companies like their claims against Yandal.
You can find the new report here:
a href=http://www.mips1.net/mgan.nsf/Current/85256C3300290CD485256CE2004F7671ht...
Thom Calandra''s ''Stockwatch'' column examines inflation threat
Submitted by cpowell on Fri, 2003-03-07 03:00 Section: Daily DispatchesOffshore activities gave 'lifeblood' to Enron
FT.com (Financial Times)
Thursday March 6, 2:50 pm ET
a href=http://biz.yahoo.com/ft/030306/1045511393086_1.htmlhttp://biz.yahoo.com/...
By Andrew Hill in New York
Offshore commodities transactions involving the US
banks JP Morgan Chase and Citigroup provided
quot;lifebloodquot; to Enron as the energy trader tried to
Bullion banks can''t nail us as they can Newmont, Barrick declares
Submitted by cpowell on Fri, 2003-03-07 03:00 Section: Daily Dispatches4:57p ET Friday, March 7, 2003
Dear Friend of GATA and Gold:
Thom Calandra's quot;Stockwatchquot; column at CBSMarketWatch
today examines the growing likelihood of inflation
and quotes GATA Chairman Bill Murphy at length, as well
as Legg Mason Wood Walker analyst Barry Bannister and
Bob Bishop of Gold Mining Stock Report. You can find
Calandra's latest here:
a href=http://cbs.marketwatch.com/news/story.asp?http://cbs.marketwatch.com/new...
Troubled Newmont mine''s awful hedge terms may not be so common
Submitted by cpowell on Fri, 2003-03-07 03:00 Section: Daily Dispatchesa href=http://www.webfin.com/en/news/news.html/?id=31666http://www.webfin.com/e...
TORONTO, March 7 (CP) -- Barrick Gold Corp. reassured
investors Friday that it won't face a hedging disaster
similar to one unfolding at major competitor Newmont
Mining Corp.
A blowup for Newmont, the world's biggest producer, has
sparked fears investors will shy away from other producers
Morgan, Citigroup offshore deals propped up Enron, report says
Submitted by cpowell on Thu, 2003-03-06 03:00 Section: Daily DispatchesNewmont's hedge book bites back;
Yandal worth more dead than alive
By Steve Maich
Financial Post (National Post), Canada
smaich@nationalpost.com
March 4, 2003
a href=http://www.nationalpost.com/search/site/story.asp?id=2E027DDE-4401-http:...
49AF-85ED-980113D219CF
After months of wondering what nasty
surprises might be lurking in the hedge books
Buffett warning about derivatives sparks interest in gold
Submitted by cpowell on Tue, 2003-03-04 03:00 Section: Daily Dispatches1:19a ET Sunday, March 2, 2003
Dear Friend of GATA and Gold:
Barrick Gold's lagging share price and Blanchard
amp; Co.'s antitrust lawsuit against Barrick and J.P.
Morgan Chase for manipulating the gold price made
a big story in today's New York Times, which is
appended here.
Note particularly the description in the Times story
of Barrick's quot;spot deferredquot; forward sales of gold,
Overhedged Newmont mine, acquired from Normandy, is worth more dead than alive
Submitted by cpowell on Tue, 2003-03-04 03:00 Section: Daily Dispatches1:50p ET Tuesday, March 4, 2003
Dear Friend of GATA and Gold:
Thom Calandra's latest commentary at CBSMarketWatch
examines Warren Buffett's new warning about stocks
and derivatives and the implications for gold. You
can find the Calandra commentary here:
a href=http://cbs.marketwatch.com/news/story.asp?guid=%7B0805DBD3%2DF460%http:/...
New York Times examines Barrick''s hedging and Blanchard''s lawsuit
Submitted by cpowell on Sun, 2003-03-02 03:00 Section: Daily DispatchesBush may tap Depression-era fund to aid Turkey
a href=http://reuters.com/financeNewsArticle.jhtml?http://reuters.com/financeNe...
type=bondsNewsamp;storyID=2308692
By Adam Entous
WASHINGTON, Feb. 27 (Reuters) -- U.S. President George
W. Bush may dip into a Depression-era emergency fund for
a short-term loan to Turkey as he presses for access to
Turkish bases for a possible attack on Iraq, administration
Another administration uses ESF as slush fund to bypass Congress
Submitted by cpowell on Sat, 2003-03-01 03:00 Section: Daily Dispatchesa href=http://biz.yahoo.com/rb/030228/financial_japan_jpmorgan_6.htmlhttp://biz...
TOKYO, Feb. 28 (Reuters) -- Japan's financial regulator
said on Friday it had ordered the brokerage unit of J.P.
Morgan Chase amp; Co. in Tokyo to suspend stock trading on
its own account for 10 business days from March 3-14.
The penalty against the Tokyo office of J.P. Morgan