http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5582687 [1]
NEW YORK, July 4 (Reuters) -- Newmont Mining Corp.'s
president, Pierre Lassonde, said that the price of gold is
at the beginning of a long-term bull run, which should
support the company's stock, the latest edition of
business weekly Barron's reported.
Lassonde, who owns nearly $100 million of stock
according to Barron's July 5 edition, told the magazine
that a deteriorating outlook for the U.S. dollar would
underpin a "paradigm shift" that would send gold on a
long-term rally.
Newmont's stock has moved in tandem with gold
prices, which settled at $398.70 per ounce on the
COMEX on Friday. Newmont's shares closed higher
in response, gaining 2.76 percent to end at $39.16
on the New York Stock Exchange.
But gold has fallen sharply from its 2004 peak of
$426 per ounce and Newmont's stock has followed
suit, tumbling from $50 to $39, Barron's said. As a
result of the seemingly direct correlation between
the price of gold and its share price, the article
said Newmont's outlook is as mixed as that of the
precious metal.
Newmont's president said in the article that he sees
gold trading in a band of $380 to $450 per ounce.
Lassonde also said that selling the dollar and buying
gold was the best way to diversify away from currency
risk.
Newmont's lack of gold-production hedging allows its
stock to take flight when gold prices go on a tear,
Barron's said. According to the article, Newmont's
stock has surged 127 percent since 2001.
----------------------------------------------------
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----------------------------------------------------
RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS
Free sites:
http://www.cbs.marketwatch.com [5]
http://www.gold-eagle.com/ [7]
http://www.capitalupdates.com/ [11]
http://www.DailyReckoning.com [12]
http://www.goldenbar.com/ [13]
http://www.silver-investor.com [14]
http://www.thebulliondesk.com/ [15]
http://www.sharelynx.com/ [16]
http://www.mininglife.com/ [17]
http://www.financialsense.com [18]
http://www.goldensextant.com [19]
http://www.goldismoney.info/index.html [20]
http://www.howestreet.com [21]
http://www.depression2.tv [22]
http://www.moneyfiles.org/ [23]
http://www.howestreet.com [21]
http://www.minersmanual.com/minernews.html [24]
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html [25]
http://www.goldcolony.com [26]
http://www.miningstocks.com [27]
http://www.mineralstox.com [28]
http://www.SilverSeek.com [30]
http://www.investmentrarities.com [31]
http://www.kuik.com/KH/KH.html [32]
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm [33]
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm [34]
(In English)
Subscription site:
http://www.lemetropolecafe.com/ [35]
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm [37]
Ted Butler silver commentary archive:
http://www.investmentrarities.com/ [38]
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
http://www.blanchardonline.com [39]
Centennial Precious Metals
3033 East 1st Ave., Suite 403
Denver, Colorado 80206
www.USAGold.com [40]
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com [41]
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com [42]
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net [43]
El Dorado Discount Gold
Box 11296
Glendale, Arizona 85316
http://www.eldoradogold.net [44]
Harvey Gordin, President
Office: 623-434-3322
Mobile: 602-228-8203
harvey@eldoradogold.net [45]
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
http://www.gloomdoom.com [46]
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com [47]
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com [48]
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com [49]
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com [50]
Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com [51]
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com [52]
314-965-9797
1-800-280-9797
http://www.mocoin.com [53]
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com [54]
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com [55]
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com [56]
----------------------------------------------------
HOW TO HELP GATA
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By credit card (MasterCard, Visa, and
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Donors of $750 or more will, upon request,
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