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Daily Dispatches

Globe and Mail: Now every miner is in play

Section: Daily Dispatches

By Andy Hoffman
The Globe and Mail, Toronto
Thursday, August 31, 2006

http://www.theglobeandmail.com/servlet/story/RTGAM.20060831.wgoldmergers...

Suddenly Clive Johnson is very popular. Five years ago, when the price of gold was below $300 (U.S.) an ounce, his phone didn't ring for months.

Thursday, it wouldn't stop.

The head of Bema Gold Corp. was inundated with calls from investment bankers pitching deals.

Reuters: More gold company mergers seen in wake of Glamis takeover

Section: Daily Dispatches

From Reuters
Thursday, August 31, 2006

http://asia.news.yahoo.com/060831/3/2p9rf.html

NEW YORK -- Goldcorp Inc.'s move to acquire Glamis Gold Ltd. for $8.6 billion is just the latest in an expected flurry of takeovers in the gold mining business, analysts said on Thursday. The deal comes nearly four months after Goldcorp agreed to buy some Placer Dome assets from Barrick Gold Corp. and after Glamis closed its takeover of Western Silver Corp.

Resource Investor: Barclay's silver ETF shows stealthy demand for metal

Section: Daily Dispatches

4:28p ET Thursday, August 31, 2006

Dear Friend of GATA and Gold:

Resource Investor's Gene Arensberg reports that Barclay's silver exchange-traded fund has added silver steadily over the last month and now claims more than 100 million ounces, suggesting a stealthy demand for the metal. You can find the report here:

http://www.resourceinvestor.com/pebble.asp?relid=23299

CHRIS POWELL, Secretary/Treasurer

Missing gold and missing socks

Section: Daily Dispatches

1a ET Thursday, August 31, 2006

Dear Friend of GATA and Gold:

GATA's friend Ralph Johnston has objected to our nomination Wednesday of gold price suppression case litigator Reg Howe as the new commandant of Fort Knox, Kentucky, site of the U.S. gold bullion depository. "Howe would be disappointed," Johnston writes, since "there's more gold in my sock drawer than in Fort Knox."

This is a fair point of inquiry, and the question is not just whether any gold is left at Fort Knox after decades of Western central bank intervention in the gold market but also, perhaps more importantly, exactly who has title to whatever gold is still there.

Goldcorp pays 33% premium for Glamis and will own 60% of new company

Section: Daily Dispatches

Goldcorp and Glamis Agree to US$21.3 Billion Combination
Creating the World's Premier Gold Mining Company

Joint Company Press Release
via Market Wire
Thursday, August 31, 2006

http://biz.yahoo.com/iw/060831/0158924.html

TORONTO -- Goldcorp Inc. and Glamis Gold Ltd. announced today that they have agreed to combine in a US$21.3 billion transaction to create one of the world's largest gold mining companies. The new company will continue under the name Goldcorp Inc.

Goldcorp to acquire Glamis in friendly deal

Section: Daily Dispatches

By Wendy Stueck
The Globe and Mail, Toronto
Thursday, August 31, 2006

http://www.theglobeandmail.com/servlet/story/RTGAM.20060830.wgold0830/BN...

VANCOUVER -- Bucking the trend of corporate Canada becoming a shopping mall for foreign investors, Vancouver-based Goldcorp Inc. will announce Thursday a friendly takeover of Glamis Gold Ltd. that will create the world's No. 3 gold producer.

Yikes! GATA's message breaks through

Section: Daily Dispatches

11a ET Wednesday, August 30, 2006

Dear Friend of GATA and Gold:

The years of work of one of GATA's Australian supporters and publicists, Sid Reynolds, paid off hugely today with his persuasion of FNArena.com's Greg Peel to examine at length some details of the international gold price suppression scheme. Peel did just that in a long essay at FNArena, and, startlingly, TheBullionDesk.com, never terribly interested in GATA's work, has made Peel's essay its lead story at this hour.

Resource Investor takes another look at Barrick's bid for NovaGold

Section: Daily Dispatches

1:32a ET Wednesday, August 30, 2006

Dear Friend of GATA and Gold:

Resource Investor's Jon A. Nones has updated the situation with Barrick's attempt to acquire NovaGold, what with more lawsuits and a new valuation of the junior miner, which Resource Investor puts at as much as $73 per share. NovaGold closed Tuesday at $17.50. (Sweet dreams!)

You can find Nones' report here:

http://www.resourceinvestor.com/pebble.asp?relid=23243

China reported ready to widen yuan's trading range

Section: Daily Dispatches

From AFX News via Forbes
Tuesday, August 29, 2006

http://www.forbes.com/markets/feeds/afx/2006/08/29/afx2981348.html

SHANGHAI -- China's central bank may widen the daily trading band of the yuan against the dollar to increase the flexibity of its exchange rate, the China Securities Journal reported in a front-page story, citing analysts.

Currently, the People's Bank of China allows the currency to move 0.3 percent on either side of the central parity set before start of trading every day.

Peru negotiates end to siege at Yanacocha gold mine

Section: Daily Dispatches

Farmers Reach Deal
Over Peru Gold Mine

By Carla Salazar
Associated Press
Wednesday, August 30, 2006

http://biz.yahoo.com/ap/060830/peru_gold_mine.html?.v=1

LIMA, Peru -- Latin America's largest gold mine and protesting farmers reached a government-brokered agreement late Tuesday to end a six-day roadblock that prompted a 24-hour shutdown of operations.

Peru's presidential Cabinet chief, Jorge Del Castillo, announced the deal to lift the roadblock Wednesday and immediately resume gold production at the Yanacocha gold mine, majority owned by Denver-based Newmont Mining Corp.

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