Daily Dispatches

9:41p ET Monday, August 14, 2006

Dear Friend of GATA and Gold:

The Reuters story appended here about NovaGold's resistance to Barrick Gold's low-ball acquisition offer seems to be the most comprehensive one so far about today's developments.

Note that it reports that NovaGold's management controls about 10 percent of the company's shares. GATA Chairman Bill Murphy's commentary of August 10 --

NovaGold Board Recommends Shareholders
Reject Hostile Bid by Barrick Gold

Company Press Release via Market Wire
Monday, August 14, 2006

http://biz.yahoo.com/iw/060814/0153653.html

VANCOUVER, British Columbia -- NovaGold Resources Inc. shareholders
are advised that the Barrick bid:

-- Significantly undervalues NovaGold's world-class mineral projects and growth potential.

-- Fails to reflect the value of NovaGold's 70% ownership of the

1:16p ET Sunday, August 13, 2006

Dear Friend of GATA and Gold:

The Associated Press story appended here says Federal Reserve Chairman Ben Bernanke "wants to improve communication" about the Fed's thinking on interest rates and the economy so investors, businesses, and consumers "may be inclined to respond the way the central bank wants them to."

But if Bernanke ever REALLY wants to communicate "what the Fed is thinking," there is a very easy way to do it: Fully open to the public the proceedings and records of the Federal Reserve.

12:41p ET Friday, August 11, 2006

Dear Friend of GATA and Gold:

The economist Antal E. Fekete, a speaker at GATA's Gold Rush 21 conference a year ago, has written a brilliant essay laying out the history and purposes of Barrick Gold, in which he once held shares and which is trying to take over NovaGold. Fekete's essay is titled "To Barrick or Be Barricked -- That Is the Question," and you can find it at 321Gold here: