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Daily Dispatches
Barrick eliminates non-project hedges but still owes 9.5 million oz.
Submitted by cpowell on Fri, 2007-02-23 23:50 Section: Daily DispatchesBy Dorothy Kosich
MineWeb.com
Friday, February 23, 2007
Barrick Gold announced Thursday that it has eliminated all non-project related hedge contracts but will retain 9.5 million ounces of project gold forward sales contracts. ...
Hedging to cost Barrick nearly $1 billion by mid-year
Submitted by cpowell on Fri, 2007-02-23 23:43 Section: Daily DispatchesBarrick Campaign Aims
to Get a Little Respect
By Andy Hoffman
The Globe and Mail, Toronto
Friday, February 23, 2007
http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/c...
Yamana joins XAU as Kinross absorbs Bema
Submitted by cpowell on Fri, 2007-02-23 23:29 Section: Daily DispatchesPhiladelphia Stock Exchange Press Release
Friday, February 23, 2007
Eric Hommelberg's gold/HUI update cites GATA's work
Submitted by cpowell on Thu, 2007-02-22 21:05 Section: Daily Dispatches9p ET Thursday, February 22, 2007
Dear Friend of GATA and Gold:
Eric Hommelberg of The Gold Discovery Letter cites GATA's work in his latest commentary, "TGDL Gold/HUI Update," posted today at GoldSeek here:
http://news.goldseek.com/EricHommelberg/1172170800.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Help Keep GATA Going
Might be good if they put some of this into gold
Submitted by cpowell on Thu, 2007-02-22 13:28 Section: Daily DispatchesGoldman Hands Out
Bumper Payouts
After Stellar Year
By Ben White
Financial Times, London
Thursday, February 22, 2007
http://www.ft.com/cms/s/cac54720-c218-11db-ae23-000b5df10621.html
GoldSeek's 'Virtual Gold Investment Conference' is on the air
Submitted by cpowell on Thu, 2007-02-22 13:16 Section: Daily Dispatches1:07p ET Thursday, February 22, 2007
Dear Friend of GATA and Gold:
GoldSeek today held its "Virtual Gold Investment Conference," with presentations by:
-- GATA Chairman Bill Murphy.
-- GoldMoney founder, Freemarket Gold & Money Report editor, and GATA consultant James Turk.
-- Peter Schiff of Euro-Pacific Capital.
-- Julian Phillips of Gold Forecaster.
Barrick accelerates reduction of gold hedges
Submitted by cpowell on Thu, 2007-02-22 13:00 Section: Daily DispatchesExcerpted from
Barrick Gold Corp. Press Release
Thursday, February 22, 2007
http://biz.yahoo.com/iw/070222/0218637.html
Hedge Book Reduction
During fourth quarter 2006, Barrick reduced its fixed price Corporate Gold Sales Contract position by 1.0 million ounces, and incurred a pre-tax opportunity cost of $327 million ($0.37 per share) against its gold sales.
You can know a few things, or you can have technical analysis
Submitted by cpowell on Thu, 2007-02-22 01:19 Section: Daily Dispatches1:18a ET Thursday, February 22, 2007
Dear Friend of GATA and Gold:
Some of us grunts in the gold army don't believe in technical analysis. To us it's just a bunch of entrail reading, astrology, and illusion, because the markets themselves now are mainly illusions.
A courageous and principled politician in action
Submitted by cpowell on Wed, 2007-02-21 21:54 Section: Daily Dispatches9:52p ET Wednesday, February 21, 2007
Dear Friend of GATA and Gold:
U.S. Rep. Ron Paul, R-Texas, was able to read aloud for the cameras some of his prepared statement at the Feb. 15 meeting of the House Financial Services
Committee
(http://www.house.gov/paul/congrec/congrec2007/cr021507.htm),
which was forwarded to you in a GATA dispatch on Feb. 17. Now someone has posted at YouTube.com the C-SPAN video of Paul's remarks. The committee's sound system fails briefly, and Paul is cut short because of a lack of time, but it's a chance to see a courageous and principled politician in action.
Peter Millar: Seven-fold increase in gold needed to avert debt depression
Submitted by cpowell on Wed, 2007-02-21 19:14 Section: Daily Dispatches7p ET Wednesday, February 21, 2007
Dear Friend of GATA and Gold:
While it is almost a year old, a study of the enduring importance of gold in the world economic system by R. Peter W. Millar, founder of Valu-Trac Investment Research Ltd. in Scotland (www.valu-trac.com), seems ever more compelling, and Millar graciously has agreed to let it be shared with you.
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