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Daily Dispatches
MineWeb reports on Barrick''s reversal on hedging
Submitted by cpowell on Mon, 2003-11-24 03:00 Section: Daily Dispatches1:10a ET Monday, November 24, 2003
Dear Friend of GATA and Gold:
CBSMarketWatch's Peter Brimelow analyzes quot;Gold's
Slow Rush at $400,quot; takes a well-deserved swipe at
Robert Prechter of the Elliott Wave cult, and wonders
about the upheaval at Barrick Gold. You can find it
here:
a href=http://cbs.marketwatch.com/news/story.asp?guid=http://cbs.marketwatch.co...
Sinclair says bankers pulled plug on Barrick; 3 Calandra interviews at SF show
Submitted by cpowell on Mon, 2003-11-24 03:00 Section: Daily Dispatches9:14a ET Monday, November 25, 2003
Dear Friend of GATA and Gold:
Here's MineWeb's report on Barrick's reversal on
hedging:
a href=http://www.mips1.net/mge03.nsf/Current/80256DE3003FD13342256DE8001328Bht...
0?OpenDocument
Or try this abbreviated link:
a href=http://ls.shapebyforce.com/sbf/350http://ls.shapebyforce.com/sbf/350/a
What does Barrick''s abrupt reversal on hedging really mean?
Submitted by cpowell on Sun, 2003-11-23 03:00 Section: Daily Dispatches11:29a ET Saturday, November 22, 2003
Dear Friend of GATA and Gold:
GATA isn't in the investment advice business, but maybe
we can be forgiven for alerting our supporters to
commentary likely to make them less agitated or neurotic
about gold. In that spirit the new commentary of Robert
Bishop, editor of Gold Mining Stock Report, just posted
at Kitco, is highly recommended. Bishop's commentary
Approaching the breakout point, GoldMoney''s Turk writes
Submitted by cpowell on Sun, 2003-11-23 03:00 Section: Daily Dispatches12:30p ET Sunday, November 23, 2003
Dear Friend of GATA and Gold:
Jim Sinclair has posted quot;A Review of Last Week's Gold
Market,quot; which is largely an expert speculation about
why Barrick Gold last week reversed its position on
hedging so abrupty and why Goldman Sachs and others
were desperate to cap gold below $400. Sinclair argues
essentially that gold derivatives have hit the
Gauging the commodity price gains
Submitted by cpowell on Sun, 2003-11-23 03:00 Section: Daily Dispatches12:37p ET Sunday, November 23, 2003
Dear Friend of GATA and Gold:
GATA consultant James Turk, editor of the Freemarket
Gold amp; Money Report and proprietor of GoldMoney,
has posted new commentary at GoldMoney's Internet
site, quot;Approaching the Breakout Point.quot; This commentary
tracks gold's performance in currencies other than the
U.S. dollar. You can find it in the quot;Founder's
Strange things are happening with Barrick Gold
Submitted by cpowell on Sat, 2003-11-22 03:00 Section: Daily DispatchesBy Veronica Brown
a href=http://www.reuters.com/newsArticle.jhtml?http://www.reuters.com/newsArti...
type=topNewsamp;storyID=3870906amp;pageNumber=1
LONDON, Nov. 21 (Reuters) -- Barrick Gold Corp. stunned
bullion markets on Friday by saying it was changing its
hedging policy, and is no longer committed to selling the
metal on forward markets as it is now cash-rich.
quot;The commitment to hedging is gone. ... Hedging to us is
NYTimes prints Bloomberg story about Barrick''s reversal on hedging
Submitted by cpowell on Sat, 2003-11-22 03:00 Section: Daily Dispatches12:24a ET Saturday, November 22, 2003
Dear Friend of GATA and Gold:
Something really strange is going on with Barrick Gold.
Thursday at a financial conference in London, Barrick
Chairman Peter Munk made what MineWeb called a
quot;spiritedquot; defense of the company's policy of selling
so much of its gold in advance of its production. But
today Munk told news reporters at the same conference
Don''t be preoccupied with the short term for the gold price
Submitted by cpowell on Sat, 2003-11-22 03:00 Section: Daily DispatchesGold Prices Gain as Big Miner Abandons Hedging Strategy
Bloomberg News in The New York Times
November 22, 2003
a href=http://www.nytimes.com/2003/11/22/business/22gold.html?http://www.nytime...
ex=1155877200amp;en=199a4465d0368109amp;ei=5035amp;partner=MARKETWATCH
Gold futures in New York rose for the first time in three
days yesterday after Barrick Gold, the big producer,
Barrick won''t hedge anymore, Chairman Munk says
Submitted by cpowell on Fri, 2003-11-21 03:00 Section: Daily Dispatches10:51p ET Wednesday, November 19, 2003
Dear Friend of GATA and Gold:
Thanks to GATA's Mark Webber for the transcript of
Sprott Asset Management President John Embry's
interview on Report on Business Television in
Canada this week. It's appended here.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
ROB-TV's quot;Lunch Moneyquot; with Michael Hainsworth
Feds Charge 47 in Foreign Exchange Fraud
Submitted by cpowell on Wed, 2003-11-19 03:00 Section: Daily Dispatches9:15p ET Tuesday, November 18, 2003
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's quot;Midasquot; commentary
for Monday, November 17, at LeMetropoleCafe.com
has been posted in the clear at GoldSeek and
Kitco here:
a href=http://news.goldseek.com/LemetropoleCafe/1069168988.phphttp://news.golds...
a href=http://www.kitco.com/ind/Murphy/nov172003.htmlhttp://www.kitco.com/ind/M...
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