Daily Dispatches

Golden Opportunity for Conspiracy: The New Gold Rush

Gold prices don't always conform to expectations, leaving room for some wild theories, Robin Bromby reports

By Robin Bromby
The Australian, Sydney
Wednesday, August 23, 2006

As if a seemingly insoluble situation in Lebanon, Iran on the verge of nuclear capability, oil at more than $US70 a barrel, and inflation barking at our doors wouldn't be enough to keep propelling the gold price.

8:55a ET Tuesday, August 22, 2006

Dear Friend of GATA and Gold:

Barrick Gold has accused GATA of trying to mislead the investment world about the mining company's attempt to acquire NovaGold Resources Inc.

Barrick's charge comes in an interview given to MineWeb's Dorothy Kosich by the company's senior vice president for corporate communications, Vince Borg, who seems to be claiming that the company's hedge book really isn't so bad.

10:18p ET Monday, August 21, 2006

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler examines the de-facto default of the London Metals Exchange's nickel contract and warns that the same disgrace looms for the New York Commodities Exchange and its silver contract. Butler's commentary is titled "First Nickel, Then Silver?," and can be found at GoldSeek's companion site, SilverSeek, here:

By Sangita Shah
Financial Express, Mumbai
Friday, August 18, 2006

http://www.financialexpress.com/fe_full_story.php?content_id=137730

The government is soon likely to relax scrap and raw gold import norms, paving the way for greater and cheaper imports of the precious metal into the world's largest gold- consuming country.

Sources close to the Reserve Bank of India stated that the concerns regarding raw gold, which will be imported by classifying it under brass imports, have been resolved. "The government is likely to announce reduction in import duty on raw gold to bring it on par with pure gold," the industry veteran added.