AngloGold Ashanti continues to reduce forward sales of gold

Section:

8:17a ET Wednesday, November 1, 2006

Dear Friend of GATA and Gold:

Resource Investor's Charlotte Matthews reports that AngloGold Ashanti has reduced by nearly another $400 million the value of gold it has sold in advance of production. AngloGold Ashanti's hedge book is now at 9.5 million ounces, just about half of what it was four years ago. You can find the report at Resource Investor here:

http://www.resourceinvestor.com/pebble.asp?relid=25261

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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