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Daily Dispatches
Excellent MineWeb report on Wheaton River''s merger with IAMGOLD
Submitted by cpowell on Tue, 2004-03-30 03:00 Section: Daily Dispatches9:30p ET Tuesday, March 30, 2004
Dear Friend of GATA and Gold:
Wheaton River Minerals and IAMGOLD announced their
merger tonight in a plan that was said to vault the
new company to the ranks of the top 10 gold producers.
The merger would be accomplished by exchanging
each Wheaton River share for just more than half a
share of IAMGOLD, which is said to be a 22 percent
premium over the average price of Wheaton shares
Ted Butler: Shorts gone wild in gold and silver
Submitted by cpowell on Tue, 2004-03-30 03:00 Section: Daily Dispatches9:51p ET Tuesday, March 30, 2004
Dear Friend of GATA and Gold:
MineWeb's Tim Wood has an excellent and detailed report
on the Wheaton River/IAMGOLD merger that obviously was
researched and written well before the official announcement
tonight. You can find it here:
http://trinity.mips1.net/MGGold.nsf/UNID/TWOD-5XL2NX?OpenDocument
Clarifying the column headlines in the chart in Ted Butler''s commentary
Submitted by cpowell on Tue, 2004-03-30 03:00 Section: Daily DispatchesBy Theodore Butler
The latest Commitments of Traders Report (COT) was a
shocker for gold, as the tech funds plowed onto the long
side and dealers went short in massive numbers.
Adjusting for the trading since the Tuesday cutoff, the
commercial net short position in COMEX gold is at the
highest level ever. This raises the strong possibility of a
selloff, where the funds sell out their long positions and
Chicago Tribune notes growing disbelief in U.S. government''s inflation figures
Submitted by cpowell on Mon, 2004-03-29 03:00 Section: Daily Dispatches9:57p ET Sunday, March 28, 2004
Dear Friend of GATA and Gold:
GATA supporters are already squawking about the
increasing speculation that Newmont Mining will
bid to acquire Barrick Gold, the mammoth gold
hedger and handmaiden of J.P. Morgan Chase
and the U.S. Exchange Stabilization Fund. Why,
our friends ask, would anyone who believes in
gold and silver want anything to do with the
company that has done so much to undermine
Russia''s Norilsk buys Anglo American''s 20 percent of Gold Fields
Submitted by cpowell on Mon, 2004-03-29 03:00 Section: Daily DispatchesPrices rising despite low inflation rate;
key indicators questioned
By Greg Burns
Chicago Tribune
Sunday, March 28, 2004
http://www.chicagotribune.com
At the same time the federal government is reporting inflation
at rock-bottom levels, the cost of medical care, tuition and
housing have shot up. From gasoline to coffee to gold,
commodity prices are soaring to heights not seen in years.
Barrick says Newmont bid story is ''wild speculation''
Submitted by cpowell on Mon, 2004-03-29 03:00 Section: Daily Dispatcheshttp://biz.yahoo.com/rc/040329/minerals_russia_norilsk_2.html
By Aleksandras Budrys and Mark Bendeich
MOSCOW/LONDON, March 29 (Reuters) -- Russian metals giant
Norilsk Nickel took a bold step outside its homeland on
Monday, buying a fifth of the world's fourth-biggest gold
miner, Gold Fields Ltd, for $1.16 billion.
Richard Russell: The big money is dumping equities, so get into cash and gold
Submitted by cpowell on Mon, 2004-03-29 03:00 Section: Daily DispatchesBy Nicole Mordant
http://biz.yahoo.com/rc/040329/minerals_barrick_newmont_2.html
VANCOUVER, British Columbia, March 29 (Reuters) -- Barrick
Gold Corp. termed "wild speculation" Monday a report over the
weekend that Newmont Mining Corp. was getting set to make a
takeover offer for it, but added it would vigorously defend itself
Gold breaks out against Swiss franc, nearly so against other currencies: Turk
Submitted by cpowell on Sun, 2004-03-28 03:00 Section: Daily Dispatches9:37p ET Thursday, March 25, 2004
Dear Friend of GATA and Gold:
David Bond's latest quot;Wallace Street Journalquot; essay is a
masterpiece of silver triumphalism, demolishing the myth
that digital photography is much of a threat to silver
consumption. An excerpt:
quot;Folks with kilobuck-costing digital cameras are watching
their ink-jet prints of the family taken on their fancy
compact disks and memory sticks fade and fall apart in
Barrick preparing for acquisition bid by Newmont, London Telegraph says
Submitted by cpowell on Sun, 2004-03-28 03:00 Section: Daily Dispatches11:31p ET Sunday, March 28, 2004
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of The Freemarket
Gold amp; Money Report and consultant to GATA, reports
that gold has broken out against the Swiss franc and
seems to be on the verge of doing so against the euro,
yen, and British pound.
In a new essay at GoldMoney.com, Turk writes: quot;If gold
breaks out of its base against these other currencies,
Jason Hommel updates silver share valuations and adds comments at SilverSeek.com
Submitted by cpowell on Sun, 2004-03-28 03:00 Section: Daily DispatchesBarrick Gold braced for bid from Newmont
By Edward Simpkins
The Telegraph, London
Sunday, March 28, 2004
a href=http://www.money.telegraph.co.uk/money/main.jhtml?http://www.money.teleg...
xml=/money/2004/03/28/cngold28.xmlamp;menuId=242amp;sSheet=/money/2004/03/28
/ixfrontcity.html
Barrick Gold, the world's third biggest gold producer, is
on a high state of bid alert amid suggestions that Newmont,
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