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Daily Dispatches
GoldSeek radio interviews GATA Secretary/Treasurer Chris Powell
Submitted by cpowell on Mon, 2006-08-07 16:25 Section: Daily Dispatches4:16p ET Monday, August 7, 2006
Dear Friend of GATA and Gold:
Your secretary/treasurer recently was interviewed by GoldSeek.com Internet radio about the gold price suppression scheme. He attempted to explain how the scheme is not the fevered concoction of conspiracy nuts but a matter of ordinary public record and admission. Unfortunately on the day of the interview he had a terrible cough and so must have put the GoldSeek people through a lot of trouble in the tape editing. If you're up to the challenge of listening, you can find the interview here:
AngloGold Ashanti leaving more of its production unhedged
Submitted by cpowell on Mon, 2006-08-07 15:21 Section: Daily DispatchesFrom Engineering News, South Africa
Monday, August 7, 2006
http://www.engineeringnews.co.za/eng/news/today/?show=91270
World No. 3 gold miner AngloGold Ashanti Ltd. said on Monday it was leaving an increasing amount of its production unhedged to take advantage of soaring gold prices.
The company had left 87% of this year's production unhedged, up from 75% the previous year, said Richard Duffy, executive officer of business development.
Barrick's bid for NovaGold: Deal of the century?
Submitted by cpowell on Mon, 2006-08-07 12:27 Section: Daily Dispatches12:19p ET Monday, August 7, 2006
Dear Friend of GATA and Gold:
NovaGold shareholder Alan Leishman has written a detailed analysis of Barrick Gold's offer to acquire NovaGold. He concludes that the acquisition at the offered price would be "the deal of the century" for Barrick, helping Barrick to reduce its huge hedge book at a bargain price. You can find Leishman's analysis, "Barrick's Bid for NovaGold: Deal of the Century?," at Resource Investor here:
NovaGold may be the next battlefield in the gold war
Submitted by cpowell on Mon, 2006-08-07 02:06 Section: Daily Dispatches1:56a ET Monday, August 7, 2006
Dear Friend of GATA and Gold:
Bob Moriarty of 321Gold has written a wonderful analysis of Barrick Gold's attempt to take over NovaGold. He argues that Barrick is bankrupt if its hedge book is ever factored into the company's net worth and that NovaGold is worth far more than what Barrick has offered.
Moriarty's analysis is titled "Is Barrick Trying to Turn a Silk Purse into a Sow's Ear?" and you can find it here:
Peter Brimelow: Questions about gold market manipulation and missing M3 figures
Submitted by cpowell on Mon, 2006-08-07 01:06 Section: Daily DispatchesBy Peter Brimelow
CBSMarketWatch.com
Monday, August 7, 2006
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BD095B5EB%2D2E07...
NEW YORK -- On Wednesday I received Harry Schultz's latest Gold Charts R Us communication, (itself an object lesson about the alacrity with which some of the truly veteran newsletter writers (like Richard Russell) have adapted to the Internet.
Add them or cut them off at will: Zeroes are a central bank's best friend
Submitted by cpowell on Sun, 2006-08-06 23:50 Section: Daily DispatchesZimbabwe's Monetary Reforms Disparaged as 'Cosmetic'
By Fanuel Jongwe
Agence France-Presse
Sunday, August 6, 2006
http://news.yahoo.com/s/afp/20060806/ts_afp/zimbabweeconomybankmoneyi
nflation
HARARE, Zimbabwe -- Zimbabweans last week flooded banks to hand in old notes after the central bank slashed three zeroes from the local currency, but analysts said the new money would not provide relief from record inflation.
Pipeline corrosion and spill close Alaska's Prudhoe Bay oil field
Submitted by cpowell on Sun, 2006-08-06 21:22 Section: Daily DispatchesBy The Associated Press
Sunday, August 6, 2006
http://news.yahoo.com/s/ap/20060807/ap_on_bi_ge/oil_field_shutdown
ANCHORAGE, Alaska -- BP Exploration Alaska Inc. began shutting down the Prudhoe Bay oil field Sunday after discovering unexpectedly severe corrosion and a small spill from a transit pipeline.
Prudhoe Bay represents about half of Alaska's oil production and about 8 percent of U.S. production, according to the U.S. Energy Information Administration.
James Turk: The dollar weakens further
Submitted by cpowell on Sun, 2006-08-06 21:09 Section: Daily Dispatches9p ET Sunday, August 6, 2006
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the Freemarket Gold & Money Report and founder of GoldMoney, tonight alerted GoldMoney customers to what may be a breakdown in the value of the U.S. dollar. His alert, headlined "The Dollar Weakens Further," can be found in the "Founder's Commentary" box at the top left of the GoldMoney home page here:
Newmont president to address October CMRE meeting in New York
Submitted by cpowell on Fri, 2006-08-04 15:58 Section: Daily Dispatches3:49p ET Friday, August 4, 2006
Dear Friend of GATA and Gold:
The fall dinner meeting of the Committee for Monetary Research and Education, to be held in New York City on Thursday evening, October 19, will have some speakers of special interest to gold and silver investors. Among them:
-- Pierre Lassonde, president of Newmont Mining Corp.
-- Paul van Eeden, precious metals newsletter writer and international lecturer.
Barrick will keep hedging at least 9.5 million ounces
Submitted by cpowell on Fri, 2006-08-04 11:39 Section: Daily Dispatches11:30a ET Friday, August 4, 2006
Dear Friend of GATA and Gold:
On the basis of Barrick Gold's Thursday conference call with financial analysts, MineWeb's Dorothy Kosich reports that Barrick does not intend to close at least 9.5 million ounces of the 13 million ounces remaining on its hedge book. The MineWeb story also includes comments on Barrick's bid to acquire NovaGold. You can find it here:
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