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Daily Dispatches

Vietnam orders banks to stop acting like LBMA members

Section: Daily Dispatches

Vietnam Stops Banks from Using Gold Deposits to Fund Loans

By John Ruwitch and Ho Binh Minh
Reuters
Friday, October 29, 2010

http://www.reuters.com/article/idUSHAN46777220101029

Vietnam's central bank has stopped banks from selling gold deposited by customers and using the funds for loans or for converting into foreign currencies, partly to help take downward pressure off the dong.

Sprott Physical Silver Trust lists in New York and Toronto

Section: Daily Dispatches

By John McCrank
Reuters
Friday, October 29, 2010

http://www.reuters.com/article/idUSN2920728520101029

Sprott Inc., the Canadian fund manager specializing in resource investments, said on Friday that it planned to raise $500 million in the initial public offering of the Sprott Physical Silver Trust.

The offering will consist of 50 million units priced at $10 each.

Sprott's Embry interviewed by King World News

Section: Daily Dispatches

8:30a CT Friday, October 29, 2010

Dear Friend of GATA and Gold (and Silver):

Sprott Asset Management's chief investment strategist, John Embry, covers many topics related to gold and silver in a 14-minute interview today with Eric King of King World News, which you can listen to at the King World News Internet site here:

At last GATA makes it into Forbes. What's next -- Field & Stream?

Section: Daily Dispatches

Traders Accuse HSBC, JPMorgan Of Silver Manipulation

Lawsuits Allege Banks Manipulated Futures Trading by Amassing 'Enormous Short Positions

By Parmy Olson
Forbes.com
Thursday, October 27, 2010

http://www.forbes.com/2010/10/28/hsbc-jpmorgan-silver-markets-commoditie...

NY Fed overstated gold depositors and their holdings, FT discovers

Section: Daily Dispatches

Once again official gold data of long standing is shown to be no good. And suddenly the Financial Times is demonstrating a little curiosity.

* * *

Chink of Light Shed on New York Fed Gold

By Jack Farchy
Financial Times, London
Thursday, October 28, 2010

http://www.ft.com/cms/s/0/15bc74ea-e2b0-11df-8a58-00144feabdc0.html

Silver manipulation lawsuit posted at GATA's Internet site

Section: Daily Dispatches

2:41p CT Thursday, October 28, 2010

Dear Friend of GATA and Gold (and Silver):

A copy of the silver market manipulation lawsuit filed yesterday in U.S. District Court for the Southern District of New York against J.P. Morgan Chase & Co. and HSBC Bank has been posted at GATA's Internet site here:

http://www.gata.org/files/SilverManipulationLawsuit-10-27-2010.pdf

Silver to $30 in 18 days, Turk tells King World News

Section: Daily Dispatches

3:22p ET Thursday, October 28, 2010

Dear Friend of GATA and Gold (and Silver):

Chris Powell: Piercing the mystery of the gold market

Section: Daily Dispatches

Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 27, 2010

The precious metals markets have tremendous potential for investors. But they are also wrapped up in great mystery -- deliberately so.

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