Barrick details why it closed its gold hedge book


8:24p ET Tuesday, November 8, 2009

Dear Friend of GATA and Gold:

Joe Weisenthal, deputy editor of the Business Insider Internet site in New York, has captured the presentation recently made at a precious metals conference by Barrick Gold to justify the urgent closing of its gold hedge book. The presentation encompasses nearly everything except the efforts of central banks to suppress the gold price with or without Barrick's co-operation. Wiesenthal's report is headlined "Barrick Gold: Here's Why We Eliminated Our Gold Hedges, Just As The Marked Started To Peak" and you can find it at the Business Insider Internet site here:

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

* * *

Join GATA here:

Vancouver Resource Investment Conference
Sunday and Monday, January 17 and 18, 2010
Hyatt and Fairmont Conference Hotels
Vancouver, British Columbia, Canada

* * *

Support GATA by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: