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Daily Dispatches
Don''t despair, for even Richard Russell is coming around to our side
Submitted by cpowell on Wed, 2003-06-11 03:00 Section: Daily Dispatchesa href=http://biz.yahoo.com/rc/030611/minerals_newmont_hedging_2.htmlhttp://biz...
NEW YORK, June 11 (Reuters) -- The chief executive of
world No. 1 gold miner Newmont Mining Corp. said
Wednesday the company's controversial Australian gold
hedge book had shrunk close to zero after it assumed of
most of the unprofitable hedges of its Yandal operations
MineWeb reports on Vancouver conference, and two more Sinclair commentaries
Submitted by cpowell on Wed, 2003-06-11 03:00 Section: Daily Dispatches10:14p ET Wednesday, June 11, 2003
Dear Friend of GATA and Gold:
A longtime supporter of GATA wrote today in near-
despair at the pounding gold took Tuesday. The
manipulation of the gold market and other markets
is so brazen now, he said, but what can we ever do
to stop the bad guys?
All I could answer was that GATA would continue
to do what it has been doing for four years now,
would continue to try to expose the bad guys and
Fed, Treasury manipulate market with leaked information, unregulated derivatives
Submitted by cpowell on Tue, 2003-06-10 03:00 Section: Daily Dispatches7:44p ET Monday, June 9, 2003
Dear Friend of GATA and Gold:
South African gold analyst Victor Hugo has just
gotten even more enthusiastic about gold's
prospects, and offers compliments for GATA
besides, so how can we resist recommending
his latest essay at Kitco? You can find it here:
a href=http://www.kitco.com/ind/Hugo/jun092003.htmlhttp://www.kitco.com/ind/Hug...
Barrick confesses: We and Morgan Chase are agents of the central banks
Submitted by cpowell on Tue, 2003-06-10 03:00 Section: Daily Dispatches12:40a ET Tuesday, June 10, 2003
Dear Friend of GATA and Gold:
The mechanism by which the U.S. government manipulates
the various markets was brilliantly and succinctly
explained by today's editions of The King Report, a
daily publication of M. Ramsey King Securities of
Burr Ridge, Ill. (telephone 630-789-0607). An excerpt
is appended.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Hugo is extra bullish on gold and praises GATA, while FT articles worry Sinclair
Submitted by cpowell on Mon, 2003-06-09 03:00 Section: Daily Dispatches3:49p ET Saturday, June 7, 2003
Dear Friend of GATA and Gold:
Here is a question-and-answer exchange between GATA
consultant James Turk, editor of the Freemarket Gold
amp; Money Report and proprietor of GoldMoney.com, and
a reader in Australia who responded to Turk's essay,
quot;Time To Grab Your Gold and Make Sure It's Not Just
Paper Promises,quot; published in FGMR's May 26 issue
and distributed by GATA on June 2.
John Dizard in the Financial Times on Newmont''s ultimatum to the bullion banks
Submitted by cpowell on Sat, 2003-06-07 03:00 Section: Daily DispatchesYandal hedge drama -- it's not over yet
By Tim Wood
Mineweb
June 4, 2003
NEW YORK -- One bullion bank, believed to be Goldman
Sachs, has so far rejected Newmont's 50 cents-on-the-dollar
offer for its stake in the Yandal gold hedge book. Six other
banks have accepted the offer, including, say sources, JP
Morgan, suggesting the offer was fair given the perilous
state Yandal is in.
* * *
Links to some of the week''s best gold-related commentaries
Submitted by cpowell on Sat, 2003-06-07 03:00 Section: Daily DispatchesNeither a borrower nor gold lender be
By John Dizard
Financial Times
Thursday, June 5, 2003
a href=http://news.ft.com/servlet/ContentServer?http://news.ft.com/servlet/Cont...
pagename=FT.com/StoryFT/FullStoryamp;c=StoryFTamp;cid=1054416468361
The religious war in the gold market reached a climax
this week with the announcement by Newmont Mining
that all but one of the gold lenders to its Yandal mines
Gold certificates aren''t gold, but allocated gold is a lot closer
Submitted by cpowell on Sat, 2003-06-07 03:00 Section: Daily Dispatches1:19a ET Saturday, June 7, 2003
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy is off trying to rally the
gold army at Cambridge House International's World Gold,
PGM, and Diamond Investment Conference in Vancouver
and has left your correspondent alone with the e-mail
server and the liquor cabinet. As proof that I have
tried to spend more time with the former, appended here
are links to a lot of interesting gold-related
Newmont beats the bullion banks into submission
Submitted by cpowell on Wed, 2003-06-04 03:00 Section: Daily Dispatches2:14a ET Monday, June 2, 2003
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and GATA consultant Mike
Bolser were interviewed on the May 31 edition of Jim
Puplava's quot;The Financial Sense Newhour.quot; If your
computer is equipped for audio reception over the
Internet, you can listen to the program here:
a href=http://www.netcastdaily.com/fsnewshour.htmhttp://www.netcastdaily.com/fs...
Goldman Sachs reported to be resisting Newmont''s Yandal ultimatum
Submitted by cpowell on Wed, 2003-06-04 03:00 Section: Daily DispatchesNewmont closes book on Yandal gold hedges
a href=http://biz.yahoo.com/rf/030604/minerals_newmont_goldhedges_1.htmlhttp://...
By Alden Bentley
NEW YORK, June 4 (Reuters) -- Newmont Mining Corp.'s
$77 million payout to six of its bullion bankers in
Australia may close the book on a gold hedging
predicament that has dogged the world's largest gold
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