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Daily Dispatches
Overhedged Newmont mine, acquired from Normandy, is worth more dead than alive
Submitted by cpowell on Tue, 2003-03-04 03:00 Section: Daily Dispatches1:50p ET Tuesday, March 4, 2003
Dear Friend of GATA and Gold:
Thom Calandra's latest commentary at CBSMarketWatch
examines Warren Buffett's new warning about stocks
and derivatives and the implications for gold. You
can find the Calandra commentary here:
a href=http://cbs.marketwatch.com/news/story.asp?guid=%7B0805DBD3%2DF460%http:/...
New York Times examines Barrick''s hedging and Blanchard''s lawsuit
Submitted by cpowell on Sun, 2003-03-02 03:00 Section: Daily DispatchesBush may tap Depression-era fund to aid Turkey
a href=http://reuters.com/financeNewsArticle.jhtml?http://reuters.com/financeNe...
type=bondsNewsamp;storyID=2308692
By Adam Entous
WASHINGTON, Feb. 27 (Reuters) -- U.S. President George
W. Bush may dip into a Depression-era emergency fund for
a short-term loan to Turkey as he presses for access to
Turkish bases for a possible attack on Iraq, administration
Another administration uses ESF as slush fund to bypass Congress
Submitted by cpowell on Sat, 2003-03-01 03:00 Section: Daily Dispatchesa href=http://biz.yahoo.com/rb/030228/financial_japan_jpmorgan_6.htmlhttp://biz...
TOKYO, Feb. 28 (Reuters) -- Japan's financial regulator
said on Friday it had ordered the brokerage unit of J.P.
Morgan Chase amp; Co. in Tokyo to suspend stock trading on
its own account for 10 business days from March 3-14.
The penalty against the Tokyo office of J.P. Morgan
Japan punishes Morgan Chase for manipulating bond prices
Submitted by cpowell on Fri, 2003-02-28 03:00 Section: Daily Dispatches12:10p ET Wednesday, February 26, 2003
Dear Friend of GATA and Gold:
MineWeb today has an important news story by Tim
Wood disclosing some fascinating details of Newmont
Mining's hedging agreements with bullion banks. The
story suggests that bullion banking is under great
pressure and that Newmont is prepared to walk away
from a rich mine and leave it in bankruptcy if its
counterparties press too hard.
Gold hedging brinksmanship at Newmont
Submitted by cpowell on Wed, 2003-02-26 03:00 Section: Daily DispatchesNewmont says hedge book fell in 2002
a href=http://biz.yahoo.com/rm/030224/minerals_newmont_2.htmlhttp://biz.yahoo.c...
NEW YORK, Feb. 24 (Reuters) -- Newmont Mining Corp.,
the world's largest gold miner, said on Monday that its
gold hedge book fell sharply from last year and that it
will release its 2002 financial results after the U.S.
Securities and Exchange Commission concurs with
Newmont reports sharp reduction in hedging
Submitted by cpowell on Mon, 2003-02-24 03:00 Section: Daily Dispatches9:25p ET Saturday, February 22, 2033
Dear Friend of GATA and Gold:
Don't miss the great new commentary by Tocqueville
Gold Fund manager John Hathaway just posted at
Gold-Eagle, titled quot;Beyond Iraqquot;:
a href=http://www.gold-eagle.com/editorials_03/hathaway022403.htmlhttp://www.go...
CHRIS POWELL, Secretary/Treasurer
New commentary by Tocqueville Gold Fund''s John Hathaway
Submitted by cpowell on Sat, 2003-02-22 03:00 Section: Daily Dispatches12:26a ET Friday, February 21, 2003
Dear Friend of GATA and Gold:
Our friends at Au Capital in Maryland, Hans
Kahn and Dan Tessler, have generously
consented to our sharing with you their
February 11 report, which includes some
compelling observations on the gold market
and our favorite quot;barbarous relic,quot; as well
as favorable references to GATA and its
consultants, Frank Veneroso and Reg Howe.
A ''barbarous relic'' for a barbarous world
Submitted by cpowell on Fri, 2003-02-21 03:00 Section: Daily DispatchesA hot stock tip for
Barrick Gold Chairman Peter Munk:
Why not buy your own company's shares?
ByFabrice Taylor
The Globe amp; Mail, Toronto
Thursday, February 20, 2003
a href=http://www.globeandmail.com/servlet/ArticleNews/TPStory/LAC/20030220/Rht...
VOXX/TPBusiness/MoneyMarkets
If Peter Munk is really concerned about shareholder value
GATA issues worldwide press release about Insight magazine report
Submitted by cpowell on Thu, 2003-02-20 03:00 Section: Daily Dispatches8:35p ET Wednesday, February 19, 2003
Dear Friend of GATA and Gold:
In his quot;Midasquot; commentary a few weeks ago at
www.LeMetropoleCafe.com, GATA Chairman
Bill Murphy warned that its hedge book would
emasculate Sons of Gwalia. As you'll see from
the story from the Sydney Morning Herald
appended here, it has happened.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A week left in Durban Deep/GoldMoney gold price contest at MineWeb
Submitted by cpowell on Thu, 2003-02-20 03:00 Section: Daily Dispatches12:44p ET Thursday, February 20, 2003
Dear Friend of GATA and Gold:
GATA today distributed worldwide via the Business Wire
publicity service a press release about the wonderful
report in Insight magazine about the central banks'
deceptive accounting of their gold reserves. The release
is appended here. GATA supporters are urged to send
the Insight report to news organizations, elected
officials, and mining company executives.
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