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Daily Dispatches
MineWeb confused by Barrick hedging policy, but Blanchard suit makes sense of it
Submitted by cpowell on Sat, 2003-09-27 03:00 Section: Daily Dispatches9:04p ET Friday, September 26, 2003
Dear Friend of GATA and Gold:
MineWeb's Tim Wood has a short commentary tonight on
China's golden ambitions as described in the China
Daily article just dispatched to you. Wood picks up
on what may be the most important point:
quot;Xi Jianhua, the Bank of China's gold business expert,
is also quoted saying that it would be 'safe and
feasible' for China to swap some foreign exchange
Why did gold go into reverse on Thursday?
Submitted by cpowell on Fri, 2003-09-26 03:00 Section: Daily DispatchesBy Michael Kosares, Proprietor
Centennial Precious Metals, Denver
a href=http://www.USAGold.comhttp://www.USAGold.com/a
Wednesday, September 24, 2003
Dubai did not produce an accord. It did not even produce
an accommodation. It ended as little more than an
affirmation of the status quo. So much so that the United
Kingdom and Japan basically said that nothing happened;
China dug in its heels, and the United States claimed that
15 Fundamental Reasons to Own Gold, by Sprott Asset Management Prez John Embry
Submitted by cpowell on Fri, 2003-09-26 03:00 Section: Daily Dispatches1:47a ET Friday, September 26, 2003
Dear Friend:
Chris Temple of National Investor analyzes gold's abrupt
reversal downward Thursday, quotes GATA Chairman Bill
Murphy's Thursday night commentary at LeMetropoleCafe.com,
acknowledges that central banks may not want gold to rise,
and predicts that the struggle over gold may intensify
from hand-to-hand fight to global thermonuclear war. You
China isn''t shaken out by usual desperate manipulation on commodities exchange
Submitted by cpowell on Fri, 2003-09-26 03:00 Section: Daily Dispatches8:20p ET Friday, September 26, 2003
Dear Friend of GATA and Gold:
John Embry, president of Sprott Asset Management
in Toronto and the one mutual fund manager who
acknowledges central bank intervention against the
gold price, has written an essay titled quot;15
Fundamental Reasons to Own Gold.quot; You can read it
in the quot;Founder's Commentaryquot; box at the top left
of the home page at GoldMoney:
Imagine China''s swapping some of its mountain of treasuries for real metal
Submitted by cpowell on Fri, 2003-09-26 03:00 Section: Daily Dispatches8:30p ET Friday, September 26, 2003
Dear Friend of GATA and Gold:
While some Western gold bugs are being shaken out
by the usual desperate central bank and bullion bank
manipulation of the gold futures price on the
commodities exchanges at options expiration time,
China is revving up its gold markets and gold
business in anticipation of gold's return as the
pre-eminent currency and preserver of wealth.
The March of Folly: To Be Continued at an Economy Near You
Submitted by cpowell on Thu, 2003-09-25 03:00 Section: Daily Dispatches11:25p ET Wednesday, September 24, 2003
Dear Friend of GATA and Gold:
The Association of Mining Analysts will hold a half-day
seminar in London on Thursday, October 2, titled
quot;Prospects for Gold: Is the Bull Here to Stay?,quot; and
GATA consultant Robert K. Landis, perhaps the
foremost authority on the hedging practices of Barrick
Gold, will be among the principal speakers.
The seminar concludes with a buffet lunch.
Barrick hopes to buy back its hedges on dips as gold price rises
Submitted by cpowell on Wed, 2003-09-24 03:00 Section: Daily Dispatches9:31p ET Monday, September 22, 2003
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's quot;Midasquot; commentary for
Friday, September 19, at LeMetropoleCafe.com has
been posted in the clear at Kitco and GoldSeek:
a href=http://www.kitco.com/ind/Murphy/sep222003.htmlhttp://www.kitco.com/ind/M...
a href=http://www.goldseek.com/news/LemetropoleCafe/1064241017.phphttp://www.go...
GATA Chairman Murphy to speak at Cambridge Conferences gold show in Calgary
Submitted by cpowell on Wed, 2003-09-24 03:00 Section: Daily Dispatchesa href=http://biz.yahoo.com/djus/030924/1743000908_1.htmlhttp://biz.yahoo.com/d...
VANCOUVER (Dow Jones) -- Barrick Gold Corp. prefers to
take advantage of volatility in the gold price to reduce the
size of its hedgebook, rather than use capital to buy its way
out of hedge contracts, president and chief executive Greg
Wilkins said Wednesday.
At the Denver Gold Forum, Wilkins reiterated that the
GATA''s Landis to tell mining analysts in London: Gold is money, so deal with it!
Submitted by cpowell on Wed, 2003-09-24 03:00 Section: Daily Dispatches10:14p ET Wednesday, September 24, 2003
Dear Friend of GATA and Gold:
Cambridge Conferences has its next big gold show
at the Telus Convention Center in Calgary, Alberta,
Canada, on Saturday and Sunday, October 4 and 5,
and GATA Chairman Bill Murphy will be among the
principal speakers.
Special friends of GATA who also will be speaking
include Bob Bishop of Gold Mining Stock Report,
''Midas'' commentary for Sept. 19 posted in clear at Kitco and GoldSeek
Submitted by cpowell on Mon, 2003-09-22 03:00 Section: Daily Dispatches2:59p ET Saturday, September 20, 2003
Dear Friend of GATA and Gold:
Gold bugs are very good at getting depressed. It's easy
to imagine a day not far into the future when the gold
price will be $600, Newmont shares will be priced at
$140 because of the company's 10 percent dividend, Random
House will be spinning off Little Golden Books and taking
it public because anything with quot;goldquot; in its name will
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