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Daily Dispatches
Japan punishes Morgan Chase for manipulating bond prices
Submitted by cpowell on Fri, 2003-02-28 03:00 Section: Daily Dispatches12:10p ET Wednesday, February 26, 2003
Dear Friend of GATA and Gold:
MineWeb today has an important news story by Tim
Wood disclosing some fascinating details of Newmont
Mining's hedging agreements with bullion banks. The
story suggests that bullion banking is under great
pressure and that Newmont is prepared to walk away
from a rich mine and leave it in bankruptcy if its
counterparties press too hard.
Gold hedging brinksmanship at Newmont
Submitted by cpowell on Wed, 2003-02-26 03:00 Section: Daily DispatchesNewmont says hedge book fell in 2002
a href=http://biz.yahoo.com/rm/030224/minerals_newmont_2.htmlhttp://biz.yahoo.c...
NEW YORK, Feb. 24 (Reuters) -- Newmont Mining Corp.,
the world's largest gold miner, said on Monday that its
gold hedge book fell sharply from last year and that it
will release its 2002 financial results after the U.S.
Securities and Exchange Commission concurs with
Newmont reports sharp reduction in hedging
Submitted by cpowell on Mon, 2003-02-24 03:00 Section: Daily Dispatches9:25p ET Saturday, February 22, 2033
Dear Friend of GATA and Gold:
Don't miss the great new commentary by Tocqueville
Gold Fund manager John Hathaway just posted at
Gold-Eagle, titled quot;Beyond Iraqquot;:
a href=http://www.gold-eagle.com/editorials_03/hathaway022403.htmlhttp://www.go...
CHRIS POWELL, Secretary/Treasurer
New commentary by Tocqueville Gold Fund''s John Hathaway
Submitted by cpowell on Sat, 2003-02-22 03:00 Section: Daily Dispatches12:26a ET Friday, February 21, 2003
Dear Friend of GATA and Gold:
Our friends at Au Capital in Maryland, Hans
Kahn and Dan Tessler, have generously
consented to our sharing with you their
February 11 report, which includes some
compelling observations on the gold market
and our favorite quot;barbarous relic,quot; as well
as favorable references to GATA and its
consultants, Frank Veneroso and Reg Howe.
A ''barbarous relic'' for a barbarous world
Submitted by cpowell on Fri, 2003-02-21 03:00 Section: Daily DispatchesA hot stock tip for
Barrick Gold Chairman Peter Munk:
Why not buy your own company's shares?
ByFabrice Taylor
The Globe amp; Mail, Toronto
Thursday, February 20, 2003
a href=http://www.globeandmail.com/servlet/ArticleNews/TPStory/LAC/20030220/Rht...
VOXX/TPBusiness/MoneyMarkets
If Peter Munk is really concerned about shareholder value
GATA issues worldwide press release about Insight magazine report
Submitted by cpowell on Thu, 2003-02-20 03:00 Section: Daily Dispatches8:35p ET Wednesday, February 19, 2003
Dear Friend of GATA and Gold:
In his quot;Midasquot; commentary a few weeks ago at
www.LeMetropoleCafe.com, GATA Chairman
Bill Murphy warned that its hedge book would
emasculate Sons of Gwalia. As you'll see from
the story from the Sydney Morning Herald
appended here, it has happened.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A week left in Durban Deep/GoldMoney gold price contest at MineWeb
Submitted by cpowell on Thu, 2003-02-20 03:00 Section: Daily Dispatches12:44p ET Thursday, February 20, 2003
Dear Friend of GATA and Gold:
GATA today distributed worldwide via the Business Wire
publicity service a press release about the wonderful
report in Insight magazine about the central banks'
deceptive accounting of their gold reserves. The release
is appended here. GATA supporters are urged to send
the Insight report to news organizations, elected
officials, and mining company executives.
Will Barrick''s chairman sink his own money into the company''s hedge book?
Submitted by cpowell on Thu, 2003-02-20 03:00 Section: Daily Dispatches11:41p ET Thursday, February 20, 2003
Dear Friend of GATA and Gold:
A reminder that there is just a week left to exercise
your chance to win about $1,700 in gold at current
prices (and those prices won't last long) in the
contest sponsored by our friends Durban Roodeport
Deep and GoldMoney at MineWeb. You win if you come
closest to predicting the gold price and the price
of Durban shares one month, three months, and a year
Insight magazine reports: ''Panic Is Near If The Gold Is Gone''
Submitted by cpowell on Wed, 2003-02-19 03:00 Section: Daily Dispatches7:35p ET Tuesday, February 18, 2003
Dear Friend of GATA and Gold:
GATA assumes that everyone with an interest in
gold checks www.Gold-Eagle.com at least once
a day (hence its regular listing among our
recommended Internet sites), but Steve Saville's
latest posting there, observations about Barrick
Gold's hedge book, may be especially interesting.
You can find it here:
a href=http://www.gold-eagle.com/editorials_03/milhouse021803.htmlhttp://www.go...
Hedge book emasculates Sons of Gwalia
Submitted by cpowell on Wed, 2003-02-19 03:00 Section: Daily Dispatches1:08p ET Wednesday, February 19, 2003
Dear Friend of GATA and Gold:
The March 4 edition of Insight magazine, the news weekly
published by The Washington Times, carries what is
probably the definitive report so far about the gold price
suppression scheme. It is an article written by Kelly
Patricia O'Meara and titled quot;Panic Is Near If The Gold
Is Gone.quot; You can find it on the Internet here: