Daily Dispatches

Commentary on Newmont''s putting Yandal into bankruptcy


11:56a ET Saturday, July 5, 2003

Dear Friend of GATA and Gold:

On this Independence Day weekend in America, GATA
consultant Reg Howe, proprietor of the Golden Sextant
Internet site, has posted a new commentary wondering
whether Americans are about to learn what their
revolutionary ancestors learned about the ultimate
value of paper money.

You can find Howe's new commentary here:


Will today''s Americans learn what revolutionary ancestors did about paper money?


10:24a ET Thursday, July 3, 2003

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's latest "Midas" commentary
at www.LeMetropoleCafe.com has been posted in the
clear at GoldSeek here:


Its report about conditions in South Africa as President
Bush prepares to visit there is especially interesting. The

Murphy''s ''Midas'' commentary posted at GoldSeek


3:26a ET Thursday, July 3, 2003

Dear Friend of GATA and Gold:

The Newmont press release appended here, issued in
the middle of the night U.S. time, suggests that the
company has not gotten concessions from the bullion
bankers of its Yandal division and so is putting
Yandal into a reorganization process by which the
banks might receive even less repayment than Newmont
had offered. We'll have to await more expert analysis

Newmont puts Yandal into reorganization as offer to bullion banks fails


1:41p ET Wednesday, July 2, 2003

Dear Friend of GATA and Gold:

Gold's partisans see market manipulation almost
every week, either in the futures or the shares.
It often involves smashing the price in the last
hour or two of trading to leave a bad and
misleading impression.

Now renowned market analyst Mark Hulburt
acknowledges evidence that market manipulation
is common. In his new commentary today at

Market manipulation is common, Hulburt finds


7:50p ET Tuesday, July 1, 2003

Dear Friend of GATA and Gold:

GATA consultants Dietmar Siebholz and Florian
Riedl-Riedenstein examine Barrick Gold's
huge and supposedly risk-free gold hedging
position in a new essay at Gold-Eagle. They
conclude that SOMEBODY is going to have to pay
the piper, probably sooner than later. You can
find the essay here:


Don''t be fooled by manipulation of gold futures, analyst says


5:26p ET Monday, June 30, 2003

Dear Friend of GATA and Gold:

The long headline on this CBSMarketWatch story might as
well have added: "And gold bugs STILL don't realize that
they are going to win."

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Gold futures end Q2 with a $10 gain;
metals indexes log gain of at least 18 percent; silver climbs

Barrick''s huge hedge position won''t be cost-free forever


12:19p ET Tuesday, July 1, 2003

Dear Friend of GATA and Gold:

The Rick Ackerman commentary cited in GATA's previous
dispatch has been moved into the archive at his Internet
site. Now you can find it here:


CHRIS POWELL, Secretary/Treasurer

Updated link to Rick Ackerman commentary


9:12a Tuesday, July 1, 2003

Dear Friend of GATA and Gold:

The most enthusiastic endorsement of gold's future
has just been issued by Rick Ackerman of Black Box
Forecasts, whose commentary has been published
widely in newspapers in San Francisco. An excerpt:

"I will not elaborate here on why money is no longer
money, but rather a form of debt. But suffice it to
say, the implications of a fundamentally valueless

You don''t have to take the long view -- how about just the quarterly view?


Newmont announces 83% acceptance
of Yandal bond tender offer

(Newmont press release)


DENVER, June 27 -- Newmont Mining Corp. today announced
that it has received tenders totaling $196.8 million
representing 83%) in response to its offer through its
subsidiary, Yandal Bond Company Limited (YBCL) to acquire

Fed is trying to manage gold price and the news as well, Embry tells Canada


9:31p ET Thursday, June 26, 2003

Dear Friend of GATA and Gold:

These are tough days for gold and particularly for junior
mining companies, even those that have great properties
and prospects. So a new post at MineWeb is a delight:
the story of a junior mining company in South Africa
whose chief executive and chief financial officer have
just pledged their own shares in the company as
collateral for a company loan for an ore-processing

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