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Daily Dispatches
Unrealized loss on Barrick''s gold hedging nears $2 billion
Submitted by cpowell on Fri, 2004-02-13 03:00 Section: Daily DispatchesBy Nicole Mordant
Reuters
a href=http://biz.yahoo.com/rm/040213/minerals_barrick_earns_1.htmlhttp://biz.y...
Friday, February 13, 2004
VANCOUVER, British Columbia -- Barrick Gold Corp. said
Friday it was prepared to lose out on higher gold prices on
a third of its output this year as it lives up to a promise
to wipe out its bulky hedge book.
A campaign to restore sound money in New Hampshire
Submitted by cpowell on Fri, 2004-02-13 03:00 Section: Daily Dispatches8:26p ET Friday, February 13, 2004
Dear Friend of GATA and Gold:
MineWeb's Tim Wood has an interesting account of
Barrick Gold's comments today about reductions in
its huge gold hedge book. Here's an especially
interesting excerpt:
quot;The reductions have been insufficient to stave off
ballooning unrealized losses on the hedge book,
though. It stood at a whopping mark-to-market loss
''Looking for the Next Bubble'' by Jim Puplava
Submitted by cpowell on Thu, 2004-02-12 03:00 Section: Daily DispatchesGreenspan welcomes weak dollar
By Jennifer Hughes
Financial Times
Wednesday, February 11, 2004
a href=http://news.ft.com/servlet/ContentServer?http://news.ft.com/servlet/Cont...
pagename=FT.com/StoryFT/FullStoryamp;c=StoryFTamp;cid=1075982458615amp;p=101257
1727088
The euro came within a cent of its lifetime highs against
the dollar on Wednesday after Alan Greenspan, chairman
In testimony to Congress, Fed chairman welcomes weaker dollar
Submitted by cpowell on Wed, 2004-02-11 03:00 Section: Daily Dispatches1:39a ET Tuesday, February 10, 2004
Dear Friend of GATA and Gold -- and Silver!:
Here's a fun report about the recent Vancouver International
Resource Investment Conference -- and silver -- by David
Bond:
a href=http://www.321gold.com/editorials/bond/bond020904_wsj.htmlhttp://www.321...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Globalization destroys local production and only gold can restore it
Submitted by cpowell on Tue, 2004-02-10 03:00 Section: Daily Dispatches9:54p ET Monday, February 9, 2004
Dear Friend of GATA and Gold:
MineWeb tonight has two interesting reports about the rush
to develop gold bullion equity funds and the World Gold
Council's problems in getting its own to work.
The first is by Tim Wood and is headlined quot;WGC Pushes on
with US Gold Fund.quot; You can find it here:
a href=http://trinity.mips1.net/MGGold.nsf/UNID/TWOD-5VZNMB?OpenDocumenthttp://...
David Bond''s report on the Vancouver conference -- and silver
Submitted by cpowell on Tue, 2004-02-10 03:00 Section: Daily Dispatches12:56a ET Tuesday, February 10, 2004
Dear Friend of GATA and Gold:
Gold-Eagle has posted a fascinating commentary by GATA's
great friend, Hugo Salinas Price, quot;Globalization Dissected,quot;
which shows how economic globalization is destroying
local production in most countries and creating worldwide
imbalances that can only end catastrophically. Salinas
Price argues that only returning gold to its role as the
New Hampshire discusses remonetizing gold and silver for state government
Submitted by cpowell on Mon, 2004-02-09 03:00 Section: Daily DispatchesCurrency 'Volatility' Worries G-7 Officials;
Finance Chiefs Give Europeans,
Concerned About Dollar's Fall, What They Want
By Paul Blustein
Washington Post
Sunday, February 8, 2004
a href=http://www.washingtonpost.com/wp-dyn/articles/A22504-2004Feb7.htmlhttp:/...
BOCA RATON, Fla., Feb. 7 -- Top economic policymakers
from the world's seven major industrial powers indicated
''Midas'' commentary for February 8 speculates about a squeeze in silver
Submitted by cpowell on Mon, 2004-02-09 03:00 Section: Daily DispatchesBill Urges Use of Gold, Silver as Legal Tender
By Kevin Landrigan
Nashua (New Hampshire) Telegraph
Tuesday, February 3, 2004
a href=http://nsnlb.us.publicus.com/apps/pbcs.dll/article?AID=2004202030362http...
CONCORD -- Promoting the use of gold and silver
by state government would trigger a flood of
investment in New Hampshire, according to
''Strong dollar'' policy is dead, New York Times concludes from G-7 meeting
Submitted by cpowell on Mon, 2004-02-09 03:00 Section: Daily Dispatches12:28a ET Monday, February 9, 2004
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's quot;Midasquot; commentary for
February 8 at LeMetropoleCafe.com speculates about
a squeeze in silver and has been posted in the clear
at SilverSeek, the new companion site to GoldSeek,
here:
a href=http://news.silverseek.com/LeMetropoleCafe/1076283740.phphttp://news.sil...
Devaluation of euro reported to be under consideration
Submitted by cpowell on Mon, 2004-02-09 03:00 Section: Daily DispatchesCheapening the Dollar
By Edmund L. Andrews
The New York Times
Sunday, Februay 8, 2004
a href=http://www.nytimes.com/2004/02/09/international/09GROU.html?http://www.n...
pagewanted=all
WASHINGTON -- Treasury Secretary John W. Snow has tacitly
but unmistakably abandoned Washington's longstanding
support for a strong dollar in favor of a weak dollar that
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