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Daily Dispatches
Adrian Douglas: Barrick can't get gold needed to cover hedges
Submitted by cpowell on Wed, 2009-09-09 14:33 Section: Daily DispatchesBy Adrian Douglas
Wednesday, September 9, 2009
Today Mineweb published a report by its writer, Dorothy Kosich, covering the announcement by Barrick Gold that it will eliminate most of its hedge book:
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=88850&sn=Detail
Now that's security: Vaults managed by Morgan Chase
Submitted by cpowell on Tue, 2009-09-08 22:15 Section: Daily DispatchesGold-Backed ETF Enters Fray in U.S.
By Carolyn Cui
The Wall Street Journal
Tuesday, September 8, 2009
http://online.wsj.com/article/SB125244708801293755.html
With gold briefly touching $1,000 a troy ounce, a new bullion-backed exchange-traded fund is entering the U.S. market to capitalize on demand from investors wanting to hold a piece of the precious metal.
Gene Arensberg: Gold, silver breakout in action
Submitted by cpowell on Tue, 2009-09-08 21:53 Section: Daily Dispatches9:50p ET Tuesday, September 8, 2009
Dear Friend of GATA and Gold (and Silver):
Two years ago Max Keiser warned of 'Death of the Dollar'
Submitted by cpowell on Tue, 2009-09-08 21:35 Section: Daily Dispatches9:30p ET Tuesday, September 8, 2009
Dear Friend of GATA and Gold:
GATA Media Special: Supply and demand will send gold soaring
Submitted by cpowell on Tue, 2009-09-08 19:26 Section: Daily Dispatches7:20p ET Tuesday, September 8, 2009
Dear Friend of GATA and Gold:
Game over: Barrick dilutes by $3 billion to buy back gold hedges
Submitted by cpowell on Tue, 2009-09-08 19:04 Section: Daily DispatchesBarrick to Sell $3 Billion in Stock to Buy Back Hedges
By Cameron French
Reuters
Tuesday, September 8, 2009
http://www.reuters.com/article/ousivMolt/idUSTRE58767F20090908
TORONTO -- Barrick Gold, the world's biggest gold producer, said on Tuesday it will issue $3 billion in stock and use the proceeds to buy back all of its fixed-price gold hedges and a portion of its floating hedges.
James Turk: Gold is always the safest haven
Submitted by cpowell on Tue, 2009-09-08 00:28 Section: Daily DispatchesBy James Turk
Daily Mail, London
Sunday, September 6, 2009
http://www.dailymail.co.uk/money/article-1211595/MONDAY-VIEW-Gold-safest...
As the price of gold nears $1,000 per Troy ounce, it is safe to say that precious metal has been one of this decade's best performing assets, rising on average by 15 per cent per year.
Most trading now is just churn and manipulation
Submitted by cpowell on Mon, 2009-09-07 17:20 Section: Daily DispatchesInquiry Stokes Unease Over Trading Firms That Shape Markets
By Landon Thomas Jr.
The New York Times
Thursday, September 3, 2009
http://www.nytimes.com/2009/09/04/business/global/04optiver.html
LONDON -- Its superfast, supersecret oil trading software was called the Hammer.
Sprott's John Embry interviewed on gold, silver, and a lot more
Submitted by cpowell on Mon, 2009-09-07 14:57 Section: Daily Dispatches2:53p ET Monday, September 7, 2009
Dear Friend of GATA and Gold:
Adrian Douglas: A run on the Bank of the Gold Cartel
Submitted by cpowell on Mon, 2009-09-07 14:15 Section: Daily DispatchesBy Adrian Douglas
Monday, September 7, 2009
An interview by MineWeb with GFMS CEO Paul Walker is headlined, "This May Not Be the Gold Rally You Have Been Waiting for":
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=88713&sn=Detail
The sub-headline says, "The GFMS CEO does not believe this is the rally that will sustain gold above $1,000 an ounce."
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