Daily Dispatches

Patrick Heller: Gold price manipulation more blatant

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8:30a ET Wednesday, March 18, 2009

Dear Friend of GATA and Gold:

Goldman's share of AIG money draws fire

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By Paritosh Bansal
Reuters
Wednesday, March 18, 2009

http://www.reuters.com/article/ousiv/idUSTRE52H0B520090318?virtualBrandC...

NEW YORK -- American International Group funneled over $90 billion of taxpayer bailout funds to various U.S. and European banks, but the biggest beneficiary was politically connected Goldman Sachs Group Inc.

Ecuador lifts mining bans on Kinross, Corriente

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By Pablo Gaete
Business News Americas, Santiago, Chile
Tuesday, March 17, 2009

http://www.bnamericas.com/news/mining/Govt_officially_lifts_mining_ban_o...

Canadian miners Kinross Gold and Corriente Resources have received official letters from the Ecuadorian government lifting their mining bans and allowing them to resume operations immediately.

Investment firm buys 11% stake in AngloGold Ashanti

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By Saijel Kishan and Thomas Biesheuvel
Bloomberg News
Tuesday, March 17, 2009

http://www.bloomberg.com/apps/news?pid=20601080&sid=amv2YqPURyNI

Paulson & Co., the New York-based investment firm run by John Paulson, bought a stake in AngloGold Ashanti Ltd. from Anglo American Plc for $1.28 billion as hedge funds increase their gold holdings.

Crisis changes central bank reserve management

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By Jamie McGeever
Reuters
Tuesday, March 17, 2009

http://www.reuters.com/article/ousiv/idUSTRE52H02420090318

LONDON -- Global financial turmoil has had a "major" impact on the reserve management policies of two thirds of central banks and almost all are rethinking diversification tactics, a survey showed on Wednesday.

Barrick to pay $24 million to settle fraud lawsuit

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By Joe Schneider
Bloomberg News
Tuesday, March 17, 2009

http://www.bloomberg.com/apps/news?pid=20601082&sid=a1Rspdod3FLI&

Barrick Gold Corp., the world's biggest gold producer, will pay $24 million to settle a lawsuit in which investors claimed the company misled them by saying a hedging program didn't hurt profits as gold prices rose.

IMF urged to flood world with global super-currency

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By Edmund Conway
The Telegraph, London
Monday, March 16, 2009

http://www.telegraph.co.uk/finance/financetopics/recession/4986287/IMF-p...

Got Gold Report notes 'shocking' short concentration in silver

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6:48p ET Monday, March 16, 2009

Dear Friend of GATA and Gold (and Silver):

Barrick settles securities fraud lawsuit over hedging

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By Joe Schneider
Bloomberg News
Monday, March 16, 2009

http://www.bloomberg.com/apps/news?pid=20601082&sid=a1OX8PmX9Q.s&

Barrick Gold Corp., the world's biggest gold producer, agreed to settle a lawsuit alleging it misled investors by claiming that its hedging program wouldn't hurt profits as gold prices rose.

Al Korelin interviews GATA's Adrian Douglas on gold

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4:49p ET Monday, March 16, 2009

Dear Friend of GATA and Gold:

Al Korelin's weekly radio program, the Korelin Economics Report, has interviewed GATA board member Adrian Douglas, editor of the Market Force Analysis letter, about why Douglas thinks gold will continue to rise. You can listen to the interview here:

http://media.kitco.com/weeklyreport/korelin20090316.wma

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