Barrick details why it closed its gold hedge book

Section:

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:

http://www.businessinsider.com/barric-heres-why-we-eliminated-our-gold-h...

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

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