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Daily Dispatches
Kinross to merge with Echo Bay and TVX Gold
Submitted by cpowell on Mon, 2002-06-10 03:00 Section: Daily DispatchesBugged by gold: A simmering debate on the
economics of gold has taken a turn
BY JANE BUSSEY
Miami Herald
June 9, 2002
a href=http://www.miami.com/mld/miami/business/3425132.htmhttp://www.miami.com/...
As Gold Fields Ltd. moved up in the world
last month -- debuting on the Big Board --
the South African mining company tapped anti-
apartheid crusader Nelson Mandela to help
A report from the Vancouver mining conference by GATA Chairman Bill Murphy
Submitted by cpowell on Sun, 2002-06-09 03:00 Section: Daily Dispatches9:15p ET Friday, June 7, 2002
Dear Friend of GATA and Gold:
The press release below from Central Fund
of Canada (CEF on the American Stock Exchange)
says the company is issuing 11.5 million
shares to purchase US$50 million in gold and
silver bullion. This is probably as good for
gold and silver as a mining company's closing
some hedges.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Sunday''s Miami Herald reports on GATA and the gold price
Submitted by cpowell on Sun, 2002-06-09 03:00 Section: Daily DispatchesSaturday, June 8, 2002
Dear Friend of GATA and Gold:
Here are highlights of my trip to Vancouver for
Joe Martin's mining conference(along with one
lowlight):
* Dinner with Samex Mining CEO Jeff Dahl and
Joe Tie, ChineseWorldNet.com honcho.
ChineseWorldNet is becoming the CNBC of China
and Joe intends to take the gold/GATA story
to Chinese all over the world. That is
already under way with their promotion of
Hedge covering may spark mad scramble for gold
Submitted by cpowell on Fri, 2002-06-07 03:00 Section: Daily Dispatches10:33p ET Wednesday, June 5, 2002
Dear Friend of GATA and Gold:
Brightening this dismal day for gold, two of GATA's
recommended coin and bullion dealers have just let
us know of special offers for people who identify
themselves as GATA supporters.
-- Ed Lee, president of Lee Certified Coins in New
Hampshire, will sell 1-ounce Krugerrands and modern
1-ounce gold bullion coins at the spot gold price
Central Fund issues shares to buy $50 million in bullion
Submitted by cpowell on Fri, 2002-06-07 03:00 Section: Daily DispatchesBy Thom Calandra
CBS.MarketWatch.com
June 7, 2002
As gold's polar opposite, Nasdaq, gets blasted, bullion
investors expect miners' risky hedge books to further boost
the metal.
By some estimates, gold mining companies are hedging, or
selling forward, about 4,000 tons of gold. Some analysts say
it's far more. As gold prices continue to rise in the face of a
weak stock market and a declining dollar, most of the world's
Suspicious after-market trade tanked gold, MiningWeb.com says
Submitted by cpowell on Wed, 2002-06-05 03:00 Section: Daily DispatchesBank of Japan spent oodles to halt yen's rise
The Japan Times
June 2, 2002
www.japantimes.co.jp
NEW YORK (Kyodo) -- The Bank of Japan spent between
$8 billion and $10 billion in foreign exchange markets
to stem the yen's surge Friday in one of the biggest
single-day interventions in recent years, dealers said.
The scale of the intervention matches a dollar-supporting
intervention carried out by the BOJ after the Sept. 11
How the Bank for International Settlements rigged gold even 20 years ago
Submitted by cpowell on Wed, 2002-06-05 03:00 Section: Daily Dispatches3:57p ET Wednesday, June 5, 2002
Dear Friend of GATA and Gold:
MiningWeb.com has just reported an explanation for
the plunge in the gold price today.
The plunge, MiningWeb says, quot;came in the wake of a
large after-market trade in New York last night, with an
unnamed fund liquidating 5,000 futures contracts, a move
which knocked the price first to $326/oz, then to $324/oz,
and finally to $321/oz, where some dealers reckon it has
Edward Jay Epstein: The BIS, ruling the world of money
Submitted by cpowell on Wed, 2002-06-05 03:00 Section: Daily Dispatches9:50p ET Wednesday, June 5, 2002
Dear Friend of GATA and Gold:
Thanks to Sean Corrigan of Capital Insight in Britain
for sending along this 1983 Harper's magazine
article by Edward Jay Epstein about the Bank for
International Settlements. While the essay is almost
20 years old, it has just as much relevance today,
when the world's big economic decisions continue
Dollar is burning and Japan is spraying it with paper
Submitted by cpowell on Tue, 2002-06-04 03:00 Section: Daily DispatchesBy Jim Buchta
Minneapolis Star Tribune
Saturday, June 1, 2002
Gold has its glitter again.
On Friday, as gold prices rose to their
highest level in more than two years, coin
and precious metals dealers said their phones
won't stop ringing.
quot;The world has changed,quot; said George Cooper
of Centennial Precious Metals, a Denver-based
company with dozens of customers in the Twin
Reg Howe''s presentation to the Association of Mining Analysts in London
Submitted by cpowell on Sun, 2002-06-02 03:00 Section: Daily DispatchesBy Thom Calandra
CBS.MarketWatch.com
Friday, May 31, 2002
As Nasdaq fends off its September lows, economists, analysts,
and technicians are pointing to the storm signals of rising gold
prices and the falling dollar.
The dollar's fall -- down about 7 percent this year against the
currencies of America's biggest trading partners -- is increasingly
linked with gold's relentless gains.
Barry Cooper, a gold equities analyst at CIBC World Markets
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