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Daily Dispatches
Morning commentary at USAGold
Submitted by cpowell on Tue, 1999-11-30 03:00 Section: Daily Dispatches11:35p EST Monday, November 29, 1999
Dear Friend of GATA and Gold:
The best of the day is saved for last. Herewith quot;the
Golden View from The Towerquot; at www.USAGold.com.
The Tower's insight is that today's Bank of England gold
auction established not any weakness for gold but that
the new higher prices are solid. Gold's fans just have
gotten a little spoiled lately, it seems.
Why JCI Gold has never hedged for revenue
Submitted by cpowell on Tue, 1999-11-30 03:00 Section: Daily Dispatches12:30p EST Tuesday, November 30, 1999
Dear Friend of GATA and Gold:
Here's the very interesting morning commentary on
the gold market by Michael Kosares of
www.USAGold.com.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
Morning commentary for November 30, 1999
By Michael Kosares
www.USAGold.com
Gold cantered through the last day of November
attempting to digest the strange goings-on
Live webcast on precious metals
Submitted by cpowell on Tue, 1999-11-30 03:00 Section: Daily Dispatches10p EST Tuesday, November 29, 1999
Dear Friend of GATA and Gold:
Brett Kebble of JCI Gold in South Africa has written
what may be the best policy statement on hedging that
I've seen.
It was published this week at www.moneyweb.co.za and
it follows.
Please post this as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
WHY WE'VE NEVER HEDGED FOR REVENUE
News isn''t so bad despite poor results at auction
Submitted by cpowell on Mon, 1999-11-29 03:00 Section: Daily Dispatches1:40a EST Sunday, November 28, 1999
Dear Friend of GATA and Gold:
Here are a few short items of possible interest.
* * *
First, a friend of GATA advises me of something that
might have been misleading in my essay the other day
about the financial analyst Steve Kaplan of
www.goldminingoutlook.com.
I remarked that anyone who has been taking Kaplan's
Auction proved that gold''s higher price is solid
Submitted by cpowell on Mon, 1999-11-29 03:00 Section: Daily Dispatches11p EST Monday, November 29, 1999
Dear Friend of GATA and Gold:
I've put together a little news of the day, most of it
related to the Bank of England's latest gold auction.
Of course GATA isn't in the business of disparaging
gold and you probably wouldn't expect us to put gold
down now, even after today's price decline, but maybe
the two most insightful comments of the day that I've
found are bullish.
She''ll prophesy your death. (She won''t say when.)
Submitted by cpowell on Sat, 1999-11-27 03:00 Section: Daily Dispatches3a EST Thursday, November 25, 1999
Dear Friend of GATA and Gold:
Since this is the Thanksgiving holiday in the United
States and news and comment about the gold market are
likely to be slow for a few days, maybe you won't mind
my posting some observations of my own for a change.
But first let me correct an error in my last post to you,
the essay by Anthony Hilton, which I misattributed to
Bullion banker integrity doubted in London
Submitted by cpowell on Wed, 1999-11-24 03:00 Section: Daily Dispatches11:25p EST Tuesday, November 23, 1999
Dear Friend of GATA and Gold:
Three items of interest tonight:
1) A statement by the managing director of Anglogold,
Kevin Williams, about the third Bank of England gold
auction, scheduled for next Monday. Williams says
Anglogold, the world's largest gold miner, is considering
bidding. Let's hope AU does so and thereby strikes
another blow for the industry, as AU's chief executive,
A good day for gold, if not for Steve Kaplan
Submitted by cpowell on Wed, 1999-11-24 03:00 Section: Daily Dispatches1a EST Thursday, November 25, 1999
Dear Friend of GATA and Gold:
A column in the London Daily Telegraph this week
elaborates on the issue raised the other day by Ted
Butler at www.gold-eagle.com -- whether the bankers to
the mining industry have taken some of their clients
for a very costly ride.
The column follows.
Please post this as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
Next auction, more on hedging, and Golden View
Submitted by cpowell on Tue, 1999-11-23 03:00 Section: Daily Dispatches11p EST Monday, November 22, 1999
Dear Friend of GATA and Gold:
After sending to you yesterday Adrian Day's essay
about hedging in the gold mining industry, dated
November 18 and taken from Adrian Day's Global
Analyst, I noticed some posts at Internet bulletin
boards attributing Day's hedge ratings and stock
recommendations to GATA.
The same kind of thing happened the other day after I
GATA''s purpose isn''t to endorse stocks
Submitted by cpowell on Mon, 1999-11-22 03:00 Section: Daily Dispatches1a EST Sunday, November 21, 1999
Dear Friend of GATA and Gold:
The following essay about hedging by the financial
commentator Adrian Day, posted three days ago,
may be pretty elementary for you in some respects,
but his evaluation of some major companies according
to their hedge books may interest you.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.
* * *
By Adrian Day
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