Peter Schiff: Is the Fed finally losing its credibility?

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12:40a ET Saturday, February 24, 2007

Dear Friend of GATA and gold:

Euro-Pacific Capital's Peter Schiff speculates that the surprising strength of gold shows that the markets are calling the Federal Reserve's bluff about guarding against inflation.

In his new essay, "Is the Fed Finally Losing Its Credibility?," Schiff writes:

With gold assets scarce, Barrick will mine other metals

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Barrick Gold Looks Beyond Yellow Metal

Lisa Wright
Toronto Star
Friday, February 23, 2007

http://www.thestar.com/Business/article/184912

Nickel, copper, zinc. Silver, platinum, palladium. Even energy.

Barrick eliminates non-project hedges but still owes 9.5 million oz.

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By Dorothy Kosich
MineWeb.com
Friday, February 23, 2007

Barrick Gold announced Thursday that it has eliminated all non-project related hedge contracts but will retain 9.5 million ounces of project gold forward sales contracts. ...

Hedging to cost Barrick nearly $1 billion by mid-year

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Barrick Campaign Aims
to Get a Little Respect

By Andy Hoffman
The Globe and Mail, Toronto
Friday, February 23, 2007

http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/c...

Yamana joins XAU as Kinross absorbs Bema

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Philadelphia Stock Exchange Press Release
Friday, February 23, 2007

http://www.phlx.com/news/pr2007/07pr022307.htm

Eric Hommelberg's gold/HUI update cites GATA's work

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9p ET Thursday, February 22, 2007

Dear Friend of GATA and Gold:

Eric Hommelberg of The Gold Discovery Letter cites GATA's work in his latest commentary, "TGDL Gold/HUI Update," posted today at GoldSeek here:

http://news.goldseek.com/EricHommelberg/1172170800.php

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

* * *

Help Keep GATA Going

Might be good if they put some of this into gold

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Goldman Hands Out
Bumper Payouts
After Stellar Year

By Ben White
Financial Times, London
Thursday, February 22, 2007

http://www.ft.com/cms/s/cac54720-c218-11db-ae23-000b5df10621.html

GoldSeek's 'Virtual Gold Investment Conference' is on the air

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1:07p ET Thursday, February 22, 2007

Dear Friend of GATA and Gold:

GoldSeek today held its "Virtual Gold Investment Conference," with presentations by:

-- GATA Chairman Bill Murphy.

-- GoldMoney founder, Freemarket Gold & Money Report editor, and GATA consultant James Turk.

-- Peter Schiff of Euro-Pacific Capital.

-- Julian Phillips of Gold Forecaster.

Barrick accelerates reduction of gold hedges

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Excerpted from
Barrick Gold Corp. Press Release
Thursday, February 22, 2007

http://biz.yahoo.com/iw/070222/0218637.html

Hedge Book Reduction

During fourth quarter 2006, Barrick reduced its fixed price Corporate Gold Sales Contract position by 1.0 million ounces, and incurred a pre-tax opportunity cost of $327 million ($0.37 per share) against its gold sales.

You can know a few things, or you can have technical analysis

Section:

1:18a ET Thursday, February 22, 2007

Dear Friend of GATA and Gold:

Some of us grunts in the gold army don't believe in technical analysis. To us it's just a bunch of entrail reading, astrology, and illusion, because the markets themselves now are mainly illusions.