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Daily Dispatches
God bless Thom Calandra, who, almost alone in the financial media, gets it
Submitted by cpowell on Fri, 2002-05-10 03:00 Section: Daily DispatchesWALLOPED DOLLAR TO ACCELERATE GOLD
By Thom Calandra
CBSMarketWatch.com
May 10, 2002
SAN FRANCISCO (CBS.MW) -- The possession of gold,
Thomas Bailey Aldridge once said, has ruined fewer
men than the lack of it.
This column isn't about Aldridge, the American short-story
writer who quit school at age 13 to write for 19th-century
magazines. I just put it there so you can turn away from this
USA Today discovers the gold rush
Submitted by cpowell on Fri, 2002-05-10 03:00 Section: Daily Dispatches11:22p ET Friday, May 10, 2002
Dear Friend of GATA and Gold:
The story below, published today in USA Today,
was accompanied by a chart showing the phenomenal
year-to-date performance of a dozen gold mining
company stocks.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Gold rush could signal trouble
By Matt Krantz
USA Today
May 10, 2002
Investors fed up with the gloomy stock market
Barrick increases the covering of its short position in gold
Submitted by cpowell on Wed, 2002-05-08 03:00 Section: Daily DispatchesBarrick Gold Corp. press release
* * *
Barrick To Simplify Premium Gold Sales Program
WILL FOCUS ON CORE SPOT-DEFERRED CONTRACTS
AS CALL POSITION IS REDUCED;
ALL AMOUNTS IN UNITED STATES DOLLARS
TORONTO, May 8, 2002 -- Barrick Gold Corp. announced today at
its annual meeting in Toronto that it is simplifying its Premium
Gold Sales Program. The company said it will not renew its gold
Morgan said leaving gold derivatives biz; Barrick comments on Gold Fields
Submitted by cpowell on Wed, 2002-05-08 03:00 Section: Daily Dispatches3p Wednesday, May 8, 2002
Dear Friend of GATA and Gold:
Here are a couple of today's dispatches of special
interest.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
To Members of www.LeMetropoleCafe.com:
Two sources in various parts of the world informed me
today that J.P. Morgan Chase is closing down its gold
derivative operations. It appears that GATA has run
More indications that Barrick seeks to cover through S.A. acquisition or merger
Submitted by cpowell on Tue, 2002-05-07 03:00 Section: Daily DispatchesDERIVATIVES MAY BE THE REAL BOMB
By Thom Calandra
www.cbs.marketwatch.com
May 6, 2002
SAN FRANCISCO (CBS.MW) -- Berkshire Hathaway's Buffett is
an insurance executive, so he's entitled to talk about risk from
nuclear bombs.
Why shouldn't he? Palestinian supporter Sultan Abul-Aynayn
not so long ago was quoted as saying, quot;If one hair on the head
of Yasser Arafat is harmed, the U.S. had better protect its
Many ways to own gold, or at least to think you do!
Submitted by cpowell on Tue, 2002-05-07 03:00 Section: Daily Dispatches11:59p ET Monday, May 6, 2002
Dear Friend of GATA and Gold:
Last week GATA Chairman Bill Murphy told his
subscribers at www.LeMetropoleCafe.com, in a
dispatch shared with GATA supporters, that
Barrick Gold had many agents in South Africa
seeking to arrange the acquisition of AngloGold.
Tonight TheMiningWeb's Tim Wood reports on
indications that a merger of Barrick, AngloGold,
and Gold Fields is in the works.
Morgan Chase gold derivative department loses control, threatens banking house
Submitted by cpowell on Tue, 2002-05-07 03:00 Section: Daily DispatchesBy Thom Calandra
CBS.MarketWatch.com
May 7, 2002
SAN FRANCISCO (CBS.MW) -- Where is the QQQ
for gold?
Mining executives are probing demand for an
electronic proxy for gold, in theory similar
to the so-called Nasdaq 100 cubes (QQQ). With
gold-mining shares at three-year highs in
North America and other markets around the
world, individual interest in the metal is
rising.
Small-lot traders on New York's Comex, the
Could Barrick cover short position of 23 million ounces even if it wanted to?
Submitted by cpowell on Mon, 2002-05-06 03:00 Section: Daily Dispatches11:19p ET Wednesday, May 1, 2002
Dear Friend of GATA and Gold:
You gotta love Goldcorp's press release today about
its quarterly report, quite apart from the report's
outstanding numbers. Note especially the company's
treatment of gold as money, its holding gold as
money in its treasury, and its shouting: quot;We don't
hedge!quot;
You can find the press release here:
a href=http://biz.yahoo.com/prnews/020501/to064_1.htmlhttp://biz.yahoo.com/prne...
Gold share rally may continue, analysts say
Submitted by cpowell on Wed, 2002-05-01 03:00 Section: Daily DispatchesBerger amp; Montague, P.C. and Reginald H. Howe
Sue Kinross Gold Corp. And Related Persons
on Behalf of Unaffiliated Investors in Kinam Gold Inc.
PHILADELPHIA, April 30 /PRNewswire/ -- On April 26, 2002,
the law firm of Berger amp; Montague, P.C. and attorney Reginald
H. Howe, through the Nevada law firm of Kummer Kaempfer
Bonner amp; Renshaw, filed a class action suit against Kinross
Gold Corp. (quot;Kinrossquot;) (Amex: KGC - news), Kinross Gold
Barrick moves on Anglo, explaining Anglo''s boosting gold before covering shorts
Submitted by cpowell on Wed, 2002-05-01 03:00 Section: Daily DispatchesBy Thom Calandra
www.marketwatch.com
May 1, 2002
SAN FRANCISCO (CBS.MW) -- Gold shares may not pause
in a powerful rally that has made miners the top performing
stock market group of the past three months, analysts and
fund managers say.
Nearly all of those who follow gold companies or invest in
them on behalf of clients expect further, strong gains this
year. Even Wall Street analysts, caught with their pants
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