The NovaGold share that beats the gold price suppression scheme could be yours


9:41p ET Monday, August 14, 2006

Dear Friend of GATA and Gold:

The Reuters story appended here about NovaGold's resistance to Barrick Gold's low-ball acquisition offer seems to be the most comprehensive one so far about today's developments.

Note that it reports that NovaGold's management controls about 10 percent of the company's shares. GATA Chairman Bill Murphy's commentary of August 10 --

NovaGold sues Barrick over misuse of confidential information in bid for Pioneer


Company Press Release
via Market Wire
Monday, August 14, 2006

VANCOUVER, British Columbia -- NovaGold Resources Inc. today announced that it has filed a lawsuit in the Supreme Court of British Columbia against Barrick Gold Corp. The lawsuit claims, among other things, that in making a competing bid for Pioneer Metals Corp., Barrick misused confidential information belonging to NovaGold. The lawsuit seeks a court order that any shares of Pioneer purchased by Barrick under its bid are held under a constructive trust for the benefit of NovaGold.

NovaGold board opposes Barrick offer, solicits other merger deals


NovaGold Board Recommends Shareholders
Reject Hostile Bid by Barrick Gold

Company Press Release via Market Wire
Monday, August 14, 2006

VANCOUVER, British Columbia -- NovaGold Resources Inc. shareholders
are advised that the Barrick bid:

-- Significantly undervalues NovaGold's world-class mineral projects and growth potential.

-- Fails to reflect the value of NovaGold's 70% ownership of the

Don't let Barrick acquire NovaGold before closing gold short, GATA Says


International Press Release
via Business Wire
Monday, August 14, 2006

Barrick Gold Corp.'s attempt to acquire NovaGold Resources Inc. at a huge discount to the value of the latter company's metal in the ground is the next battlefield in the struggle to liberate the price of gold, the Gold Anti-Trust Action Committee says.

What the Fed calls communication is really just manipulation


1:16p ET Sunday, August 13, 2006

Dear Friend of GATA and Gold:

The Associated Press story appended here says Federal Reserve Chairman Ben Bernanke "wants to improve communication" about the Fed's thinking on interest rates and the economy so investors, businesses, and consumers "may be inclined to respond the way the central bank wants them to."

But if Bernanke ever REALLY wants to communicate "what the Fed is thinking," there is a very easy way to do it: Fully open to the public the proceedings and records of the Federal Reserve.

Brazil's central bank intervenes in currency market to support U.S. dollar


Brazil Real Weakens as Central Bank Steps Up Dollar Purchases

By Katia Cortes
Bloomberg News Service
Friday, August 11, 2006

BRASILIA -- Brazil's currency weakened after the central bank stepped up dollar purchases in a bid to boost foreign reserves and slow the real's appreciation.

The bank bought the U.S. currency in the spot market for 2.1620 reals per dollar in an auction today. The bank has offered to buy dollars on a daily basis for more than a month.

Antal Fekete: To Barrick or Be Barricked -- That Is the Question


12:41p ET Friday, August 11, 2006

Dear Friend of GATA and Gold:

The economist Antal E. Fekete, a speaker at GATA's Gold Rush 21 conference a year ago, has written a brilliant essay laying out the history and purposes of Barrick Gold, in which he once held shares and which is trying to take over NovaGold. Fekete's essay is titled "To Barrick or Be Barricked -- That Is the Question," and you can find it at 321Gold here:

Gold falls as terror threat rises -- what a mystery!


Gold Falls as Traders Scramble
to Assess News of Terror Plot

By Ciara Linnane
Thursday, August 10, 2006

NEW YORK -- Gold futures fell early Thursday as traders scrambled to assess the news of a thwarted plot to blow up airliners en route from the U.K. to the U.S. that sent oil and stock futures lower.

80% hedged, Newcrest sure wishes it wasn't


Gold Price Rise Likely, Says Yet Another Top Producer

By Ambrose Evans-Pritchard 
The Telegraph, London
Thursday, August 10, 2006

Australia's biggest gold miner, Newcrest, has become the latest producer to bet on further rises in the price of bullion, pledging to slash its hedge book contracts to 50 percent of output within a year.

Don't let Barrick steal NovaGold to feed the gold suppression scheme


Who Ya Gonna Call ... Ghostbusters?
No -- Goldbusters!

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Wednesday, August 9, 2006

I could not resist that title, one based on the Bill Murray (not to be confused with Bill Murphy) movie "Ghostbusters," for an obvious reason now to be explained -- along with my sudden trip to Vancouver.

Last evening I had the pleasure of having dinner with Rick Van Nieuwenhuyse, president and CEO of NovaGold Resources. As most of must know, Nova is suddenly fighting a hostile takeover bid from Barrick Gold.