Daily Dispatches

London Times analyzes struggle over Normandy and hedging



By James Regan

SYDNEY, Dec 10 (Reuters) -- Newmont Mining Corp, which on Monday
lifted its bid for Australia's Normandy Mining Ltd by A$900 million,
is betting that gold prices are poised to rise after years in the

"We think there is a substantial movement in the gold price coming,"

Newmont, Franco executives say it''s all about hedging


11:19a ET Monday, December 10, 2001

Dear Friend of GATA and Gold:

AngloGold has issued a statement in response to
Newmont's latest offer for Normandy Mining, and
you can find it here:


CHRIS POWELL, Secretary/Treasurer

AngloGold comments on Newmont''s latest offer for Normandy


6:37p ET Sunday, December 9, 2001

Dear Friend of Gata and Gold:

Newmont Mining announced today that it has increased its
offer for Normandy Mining to the equivalent of A$1.90 per
share. You can read the Newmont press release here:


CHRIS POWELL, Secretary/Treasurer

Newmont increases offer for Normandy


10:28p ET Tuesday, December 4, 2001

Dear Friend of GATA and Gold:

AngloGold Chairman and CEO Bobby Godsell has told a
GATA supporter that his company is reducing its gold
hedges and that its acquisition target in Australia,
Normandy Mining, is "substantially overhedged."

Further, Godsell sees the controversial proposal by
some gold producers to spend $200 million promoting
gold jewelry as also promoting the purchase of gold for

Godsell wants to reduce hedging by AngloGold and Normandy


1:47p ET Monday, December 3, 2001

Dear Friend of GATA and Gold:

Here's the press release we issued today about
Durban Roodeport Deep's magnificent contribution
of Krugerrands to GATA at the New Orleans Investment
Conference, and our plan to raise money by selling
them as keepsakes, along with U.S./South African
friendship flag lapel pins. If you're interested,
please get in touch with me as explained in the

Remarks to GATA reception in New Orleans


10:32a CT Friday, November 30, 2001

Dear Friend of GATA and Gold:

Thursday was a day of wonderful success for GATA at the
New Orleans Investment Conference.

GATA Chairman Bill Murphy's address, scheduled in what
might as well be called "prime time" -- late morning --
was rousing, drew a big and attentive audience, and was
well received. (I copied it to you last night.)

It was immediately and aptly followed by a brilliant

GATA offers keepsake Krugerrands for donations of $525


3:14a ET Monday, December 3, 2001

Dear Friend of GATA and Gold:

Our excursion to the New Orleans Investment Conference
was a big success and a little emotional.

Not long ago GATA Chairman Bill Murphy was finding
doors barred to him. Now he is being invited as a
speaker to international conferences.

The New Orleans conference was especially important to
us because of its traditional orientation to gold and

Report from New Orleans: Great presentations and a magnificent contribution


Here is the text of GATA Chairman Bill
Murphy's address to the New Orleans
Investment Conference today, Thursday,
November 29, 2001

* * *

Hello, everyone. I would like to extend a special
greeting to those Gold Anti-Trust Action Committee
supporters who have come from all over the world to
attend this conference.

Two years ago from this very podium I presented
evidence the gold market was manipulated by a cartel of

GATA Chairman Bill Murphy''s address to New Orleans Investment Conference


By Thom Calandra
November 26, 2001

SAN FRANCISCO (CBS.MW) -- Another Bank of England
gold auction is in the cards this week, making believers
in the precious metal as rare a find as a Nasdaq bear.

The central bank's auction of 20 tons of the metal Tuesday
is part of a dogged sale program. In the previous auction,
the bank got $280 an ounce, one week after the Sept. 11

Believers in gold are still rare, but Thom Calandra remains one


6:44p ET Sunday, November 25, 2001

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy was interviewed live for
about five minutes Saturday morning by the Australian
Broadcasting Co. for a nationwide radio broadcast. It
was probably our greatest publicity success in
Australia so far. Here are some e-mail responses:

"Bill, I was surprised to hear your interview on ABC Radio
this morning while I was driving. First time I have heard

Syndicate content