You are here
Daily Dispatches
GATA dispatches via YahooGroups will end Tuesday
Submitted by cpowell on Mon, 2006-08-14 23:15 Section: Daily Dispatches11p ET Monday, August 14, 2006
Dear Friend of GATA and Gold:
After Tuesday GATA will discontinue sending its dispatches via YahooGroups and transfer all dispatch operations to our own Internet site, GATA.org.
If you are not already receiving dispatches from GATA.org -- they're the dispatches with the colorful reproduction of Alain Despert's painting titled "GATA" -- please enroll yourself on our new e-mail list by using the enrollment mechanism below the archive calendar in the right column of the GATA.org home page here:
NovaGold CEO interviewed on ROB-TV about Barrick bid
Submitted by cpowell on Mon, 2006-08-14 23:01 Section: Daily Dispatches10:51p ET Monday, August 14, 2006
Dear Friend of GATA and Gold:
NovaGold CEO Rick van Nieuwenhuyse was interviewed for five minutes this afternoon on ROB-TV in Canada and answered questions about Barrick Gold's hostile bid for the company. You can watch the interview at the ROB-TV archive for one week. It's in the Monday column at 4:40 p.m., a segment of "The Wrap" with Bruce Sellery, and you can find it here:
The NovaGold share that beats the gold price suppression scheme could be yours
Submitted by cpowell on Mon, 2006-08-14 22:09 Section: Daily Dispatches9:41p ET Monday, August 14, 2006
Dear Friend of GATA and Gold:
The Reuters story appended here about NovaGold's resistance to Barrick Gold's low-ball acquisition offer seems to be the most comprehensive one so far about today's developments.
Note that it reports that NovaGold's management controls about 10 percent of the company's shares. GATA Chairman Bill Murphy's commentary of August 10 --
NovaGold sues Barrick over misuse of confidential information in bid for Pioneer
Submitted by cpowell on Mon, 2006-08-14 10:25 Section: Daily DispatchesCompany Press Release
via Market Wire
Monday, August 14, 2006
http://biz.yahoo.com/iw/060814/0153656.html
VANCOUVER, British Columbia -- NovaGold Resources Inc. today announced that it has filed a lawsuit in the Supreme Court of British Columbia against Barrick Gold Corp. The lawsuit claims, among other things, that in making a competing bid for Pioneer Metals Corp., Barrick misused confidential information belonging to NovaGold. The lawsuit seeks a court order that any shares of Pioneer purchased by Barrick under its bid are held under a constructive trust for the benefit of NovaGold.
NovaGold board opposes Barrick offer, solicits other merger deals
Submitted by cpowell on Mon, 2006-08-14 10:11 Section: Daily DispatchesNovaGold Board Recommends Shareholders
Reject Hostile Bid by Barrick Gold
Company Press Release via Market Wire
Monday, August 14, 2006
http://biz.yahoo.com/iw/060814/0153653.html
VANCOUVER, British Columbia -- NovaGold Resources Inc. shareholders
are advised that the Barrick bid:
-- Significantly undervalues NovaGold's world-class mineral projects and growth potential.
-- Fails to reflect the value of NovaGold's 70% ownership of the
Don't let Barrick acquire NovaGold before closing gold short, GATA Says
Submitted by cpowell on Mon, 2006-08-14 09:42 Section: Daily DispatchesInternational Press Release
via Business Wire
Monday, August 14, 2006
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news...
Barrick Gold Corp.'s attempt to acquire NovaGold Resources Inc. at a huge discount to the value of the latter company's metal in the ground is the next battlefield in the struggle to liberate the price of gold, the Gold Anti-Trust Action Committee says.
What the Fed calls communication is really just manipulation
Submitted by cpowell on Sun, 2006-08-13 13:43 Section: Daily Dispatches1:16p ET Sunday, August 13, 2006
Dear Friend of GATA and Gold:
The Associated Press story appended here says Federal Reserve Chairman Ben Bernanke "wants to improve communication" about the Fed's thinking on interest rates and the economy so investors, businesses, and consumers "may be inclined to respond the way the central bank wants them to."
But if Bernanke ever REALLY wants to communicate "what the Fed is thinking," there is a very easy way to do it: Fully open to the public the proceedings and records of the Federal Reserve.
Brazil's central bank intervenes in currency market to support U.S. dollar
Submitted by cpowell on Sat, 2006-08-12 10:53 Section: Daily DispatchesBrazil Real Weakens as Central Bank Steps Up Dollar Purchases
By Katia Cortes
Bloomberg News Service
Friday, August 11, 2006
http://www.bloomberg.com/apps/news?pid=20601086&sid=aZJC7DlXtORA&refer=l...
BRASILIA -- Brazil's currency weakened after the central bank stepped up dollar purchases in a bid to boost foreign reserves and slow the real's appreciation.
The bank bought the U.S. currency in the spot market for 2.1620 reals per dollar in an auction today. The bank has offered to buy dollars on a daily basis for more than a month.
Antal Fekete: To Barrick or Be Barricked -- That Is the Question
Submitted by cpowell on Fri, 2006-08-11 12:53 Section: Daily Dispatches12:41p ET Friday, August 11, 2006
Dear Friend of GATA and Gold:
The economist Antal E. Fekete, a speaker at GATA's Gold Rush 21 conference a year ago, has written a brilliant essay laying out the history and purposes of Barrick Gold, in which he once held shares and which is trying to take over NovaGold. Fekete's essay is titled "To Barrick or Be Barricked -- That Is the Question," and you can find it at 321Gold here:
Gold falls as terror threat rises -- what a mystery!
Submitted by cpowell on Thu, 2006-08-10 17:48 Section: Daily DispatchesGold Falls as Traders Scramble
to Assess News of Terror Plot
By Ciara Linnane
CBSMarketWatch.com
Thursday, August 10, 2006
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B4116847D%2D801B...
NEW YORK -- Gold futures fell early Thursday as traders scrambled to assess the news of a thwarted plot to blow up airliners en route from the U.K. to the U.S. that sent oil and stock futures lower.
Pages
