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Daily Dispatches
Barrick says it is reducing hedges too
Submitted by cpowell on Tue, 2002-09-17 03:00 Section: Daily Dispatches9:13a ET Tuesday, September 17, 2002
Dear Friend of GATA and Gold:
Here's news we had been disappointed not to
see earlier: Newmont Mining plans to close
its Normandy hedge position by February. And
how interesting that Newmont should announce
this just as an easing of war fears should
knock the gold price down overnight. Could
this timing be a counterblow by Newmont in
support of gold against its enemies? We'd
Newmont hedge reduction story corrected
Submitted by cpowell on Tue, 2002-09-17 03:00 Section: Daily Dispatches9:40a ET Tuesday, September 17, 2002
Dear Friend of GATA and Gold:
And now even Barrick is getting into the
hedge-closing act on a good day for
announcing it.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Barrick Gold sets bold growth plan
Canadian miner aims to double profit,
curb hedge position
By Bill Clifford
CBS.MarketWatch.com
Tuesday, Sept. 17, 2002
Win a pot of gold at Calgary conference while helping GATA
Submitted by cpowell on Tue, 2002-09-17 03:00 Section: Daily Dispatches12:39p ET Tuesday, September 17, 2002
Dear Friend of GATA and Gold:
Reuters has just corrected its dispatch that asserted
that Newmont Mining Corp. planned to close its gold
hedges by February. Turns out that the hedge closing
involved is much less than that. The corrective dispatch,
appended here, isn't terribly clear, but there probably
will be more on this later today.
CHRIS POWELL, Secretary/Treasurer
Kitco and GoldMoney announce partnership to hasten online gold purchases
Submitted by cpowell on Tue, 2002-09-17 03:00 Section: Daily Dispatches10:42p ET Tuesday, September 17, 2002
Dear Friend of GATA and Gold:
Here's a fun press release about next month's
Calgary Investment Conference, where GATA
Chairman Bill Murphy will be among the
speakers.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
POT OF GOLD AWAITS WINNER
OF CONTEST AT CALGARY CONFERENCE;
GATA CHAIRMAN IS SPEAKER
A million Canadian dollars is the value of
Barron''s interviews James Turk about gold and mentions ESF
Submitted by cpowell on Mon, 2002-09-09 03:00 Section: Daily Dispatches10:58p ET Sunday, September 8, 2002
Dear Friend of GATA and Gold:
The BBC reports (see below) that the Japanese
government is planning to intervene openly
in the country's stock market to prop up prices.
Before Americans snicker too much at this,
remember that open intervention by the
government is at least more honest that the
surreptitious government intervention in the
markets that occurs in the United States, which,
Three urgent new commentaries at www.GoldenSextant.com
Submitted by cpowell on Sun, 2002-09-08 03:00 Section: Daily Dispatches8p ET Friday, September 6, 2002
Dear Friend of GATA and Gold:
We made big gains on the publicity front in
Europe this week.
Thanks to two years' worth of beseeching by
our friend Tom Cappuyns, a major newspaper in
Belgium, De Financieel-Economische Tijd -- the
Belgian Financial Times -- published on Thursday
a big report on gold and GATA that concluded
that the gold market is indeed being manipulated.
Japanese government considers buying stocks to prop up market
Submitted by cpowell on Sun, 2002-09-08 03:00 Section: Daily Dispatches8:33p ET Sunday, September 8, 2002
Dear Friend of GATA and Gold:
When you have an hour to read about what
is REALLY going on with gold and the world,
check out the latest three postings at Reg
Howe's Internet site, www.goldensextant.com.
First, Howe has written a brief commentary
introducing a new essay by his business partner,
Bob Landis. Howe's commentary is here:
a href=http://www.goldensextant.com/commentary22.html#anchor141747http://www.go...
Belgian Financial Times and CNBC Europe acknowledge GATA''s work
Submitted by cpowell on Fri, 2002-09-06 03:00 Section: Daily Dispatches8p ET Wednesday, September 4, 2002
Dear Friend of GATA and Gold:
J.P. MorganChase has replied to letters from
GATA questioning the firm's accounting for
its exposure to derivatives. The reply,
signed by John Borden, senior vice president
for investor relations, says that quot;one of
JPMorganChase's goals is to be a leader in
financial disclosure,quot; so GATA hopes to
provide the firm soon with a few opportunities
MorganChase tells GATA it wants to be a leader in financial disclosure
Submitted by cpowell on Wed, 2002-09-04 03:00 Section: Daily DispatchesWhy the Gold Cartel Will Fail
to Prevent a Primary Bull Market in Gold
-- and the Real Reason They're
Trying to Prevent It Anyway
By James Sinclair
and Harry Schultz
September 3, 2002
1. J.P. Morgan/Chase appears to be, by
accident or intention, the main member of the
gold dealers' short seller's club.
2. In our opinion central banks have given
JPM lease agreements whereby JPM receives
CBSMarketWatch quotes Gold-Eagle''s Vronsky
Submitted by cpowell on Tue, 2002-09-03 03:00 Section: Daily Dispatches12:25p ET Monday, September 2, 2002
Dear Friend of GATA and Gold:
That TheMiningWeb.com report cited to you a few hours
ago has a comment from J.P. Morgan that is implicitly
bullish for gold -- a comment that the establishment
of new short positions is deemed unlikely. For a
frankly bullish analysis from Morgan, check out
TheMiningWeb.com's accompanying story about Placer
Dome, quot;Placer aids gold price and vice versaquot;:
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