Daily Dispatches

Sons of Gwalia goes into administration

From the Australian Financial Review
Monday, August 30, 2004
http://afr.com/articles/2004/08/30/1093717888857.html

By the Australian Associated Press

Perth-based tantalum and gold company Sons of
Gwalia said today it had appointed voluntary
administrators after failing to get its

3:38p ET Monday, August 30, 2004

Dear Friend of GATA and Gold:

Dow Jones Newswires reports today in the story
appended here that J.P. Morgan, Goldman Sachs,
and Citigroup are among the big creditors in
the collapse of Australia's second-largest gold
mining company, Sons of Gwalia, a leader in
the practice of hedging gold mine production.

That's what hedging gets you in the future
of gold.

2:07a ET Sunday, August 29, 2004

Dear Friend of GATA and Gold:

The latest commentary of Ed Bugos, editor of The
GoldenBar Report, "Which Way the Volumes?,"
posted at Gold-Eagle, has a few observations on
Sprott Asset Management's report on the
suppression of the gold price. Among them:

"Even more outstanding is that the press regularly
talks about how the central bank manages interest

12:26a ET Friday, August 27, 2004

Dear Friend of GATA and Gold:

As you'll see by the Reuters dispatch appended here,
not only has the chief of staff for the U.S. Commodity
Futures Trading Commission just departed for a job
with the industry his commission is supposed to
regulate, but most of the commissionerships themselves
are vacant.

That is, in commodities trading regulation in the