Daily Dispatches

Gold council''s bullion fund stalled by tax and accounting issues


By Arindam Nag


NEW YORK, Aug. 7 (Reuters) -- A bidding war could break
out in the gold mining industry with Randgold Resources Ltd.
preparing a rival bid for Ghana's Ashanti Goldfields Co. Ltd.,
which already has an offer from AngloGold Ltd, sources
familiar with the matter said on Thursday.

Randgold to challenge AngloGold for Ashanti


By James Turk

One of the objectives of my alerts at GoldMoney.com
is to spread the truth about gold. When I see
something that needs correcting, I'll bring it to
your attention. Accordingly, I would like to correct
the following dispatch from Reuters:

* * *

KALGOORLIE, Australia, Aug. 5 (Reuters) -- Central
banks worldwide sold a combined 280 tonnes of gold
in the first half, the same as the first half of 2002, but

Don''t be afraid, bugs -- the central banks don''t really have the gold



By James Regan

KALGOORLIE, Australia, Aug. 5 -- South Africa's AngloGold
Ltd said on Tuesday it was likely to act fast to reduce
Ashanti Goldfields Ltd's gold hedge book if it succeeded in
buying the Ghanian mining house.

Ashanti's hedge book brought the company to the financial

AngloGold plans quick reduction in Ashanti''s gold hedging



NEW YORK, Aug. 4 (Reuters) -- South Africa's AngloGold Ltd.
on Monday said Ashanti Goldfields' top shareholder agreed to
support its $1.1 billion acquisition of the African mining
company but the transaction's fate still rests with the
government of Ghana.

The merger, formally unveiled on Monday after being publicly

AngloGold bid for Ashanti advances; still needs Ghana govt.''s OK


12:17p ET Sunday, August 3, 2003

Dear Friend of GATA and Gold:

Here's an important dispatch from GATA's friend Larry
Parks, executive director of the Foundation for the
Advancement of Monetary Education, about U.S. Rep.
Ron Paul's latest valiant attempt to challenge the
dishonesty of the U.S. financial system.

Paul has introduced in the House of Representatives
what he calls the Honest Money Act, which would

If government money is so good, why must law force it on people?


1:41p ET Wednesday July 30, 2003

Dear Friend of GATA and Gold:

An especially important commentary by Richard Russell
for his subscribers has been posted in the clear. It
might as well be titled "Unreality and Escape vs. Gold
and Silver." Find out which ones Russell thinks are
going to win.


Unreality and escape vs. gold and silver


9:25p ET Tuesday, July 29, 2003

Dear Friend of GATA and Gold:

GATA consultant James Turk, editor of The Freemarket
Gold and Money Report and proprietor of GoldMoney,
has given an interview to Jim Puplava of the "Financial
Sense Newshour" Internet radio program, and you can
listen to it here:


Turk and Puplava discuss the future of the gold market,

Financial Sense interviews Turk; GoldMoney, Sinclair offer free e-mail alerts


11:47p ET Monday, July 28, 2003

Dear Friend of GATA and Gold:

James Turk's latest commentary at the Freemarket
Gold and Money Report is posted tonight at
Gold-Eagle, and it credits GATA Chairman Bill
Murphy's "Midas" commentary at
www.LeMetropoleCafe.com with discovery of a
crucial clue to the rally in silver. You can find
Turk's commentary here:


Calandra covers silver rally; Sinclair tells gold bugs to be like Cool Hand Luke


ECB Recommends Central Banks Sell
U.S. Agency Debt, Source Says


FRANKFURT, July 28 (Bloomberg) -- The European Central
Bank is eliminating its holdings of debt issued by Freddie
Mac and Fannie Mae, the two biggest U.S. providers of
mortgage financing, and recommended that its national

A crucial clue to the silver rally


10:14p ET Monday, July 28, 2003

Dear Friend of GATA and Gold:

There's essential reading tonight from CBSMarketWatch's
Thom Calandra and Tan Range Exploration CEO and gold
guru extraordinaire Jim Sinclair.

Calandra's "StockWatch" column examines the rally in
silver and quotes GATA's friends David Morgan of
Silver-Investor.com and James Turk of the Freemarket
Gold and Money Report (also proprietor of GoldMoney).

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