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Daily Dispatches
Morgan, HSBC sued over silver price suppression
Submitted by cpowell on Wed, 2010-10-27 19:29 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Wednesday, October 27, 2010
http://www.reuters.com/article/idAFN2725907120101027
NEW YORK -- JPMorgan Chase & Co. and HSBC Holdings Plc were hit with two lawsuits on Wednesday by investors who accused them of conspiring to drive down silver prices and reaping an estimated hundreds of millions of dollars of illegal profits.
Hyperinflation is certain, John Embry tells King World News
Submitted by cpowell on Wed, 2010-10-27 16:28 Section: Daily Dispatches3:25p CT Wednesday, October 27, 2010
Dear Friend of GATA and Gold:
Interviewed today by Eric King of King World News, Sprott Asset Management's chief investment strategist, John Embry, says he's certain that hyperinflation is coming as the U.S. dollar collapses against hard assets. Excerpts from the interview are posted at the King World News Internet site here:
Silver market manipulation gets 9 minutes on BNN in Canada
Submitted by cpowell on Wed, 2010-10-27 16:22 Section: Daily Dispatches3:17p CT Wednesday, October 27, 2010
Dear Friend of GATA and Gold (and Silver):
Yikes! Time to sell? FT publishes commentary favorable to gold
Submitted by cpowell on Wed, 2010-10-27 15:00 Section: Daily DispatchesChina Is Key to Next Rally in Gold Prices
By David Hale
Financial Times, London
Wednesday, October 27, 2010
http://www.ft.com/cms/s/0/0945597e-e1c6-11df-b71e-00144feabdc0.html
Gene Arensberg: Silver is strong mainly because it's remonetizing
Submitted by cpowell on Wed, 2010-10-27 11:46 Section: Daily Dispatches10:40a ET Wednesday, October 27, 2010
Dear Friend of GATA and Gold (and Silver):
Thanking Bart Chilton
Submitted by cpowell on Wed, 2010-10-27 11:29 Section: Daily Dispatches11:22a ET Wednesday, October 27, 2010
Dear Friend of GATA and Gold (and Silver):
JSMineSet.com's market analyst, Dan Norcini, yesterday urged precious metals investors to thank CFTC Commissioner Bart Chilton for his advancing the issue of silver market manipulation:
http://jsmineset.com/2010/10/26/hourly-action-in-gold-from-trader-dan-362/
China's commerce minister says dollar printing is 'out of control'
Submitted by cpowell on Wed, 2010-10-27 10:34 Section: Daily DispatchesBy Simon Rabinovitch
Reuters
Tuesday, October 26, 2010
http://uk.reuters.com/article/idUKTRE69P3S020101026
BEIJING -- Dollar issuance by the United States is "out of control," leading to an inflation assault on China, the Chinese commerce minister said in comments reported on Tuesday.
More clamor for China to build its gold reserves
Submitted by cpowell on Wed, 2010-10-27 10:27 Section: Daily DispatchesBy Zhou Xin and Ken Wills
Reuters
Wednesday, October 27, 2010
http://af.reuters.com/article/metalsNews/idAFTOE69P08W20101027
BEIJING -- China should significantly boost the amount of gold held in state reserves, a newspaper run by China's Ministry of Commerce said on Wednesday, citing a local researcher.
Wall Street Journal discovers silver-rigging controversy
Submitted by cpowell on Wed, 2010-10-27 10:08 Section: Daily DispatchesSilver Market Probe: Act Now, CFTC Is Urged
By Susan Pulliam and Carolyn Cui
The Wall Street Journal
Wednesday, October 27, 2010
http://online.wsj.com/article/SB1000142405270230334190457557620331005604...
A Commodity Futures Trading Commission regulator is putting pressure on the agency to take action in a high-profile, 2-year-old investigation of the silver market.
Dan Norcini: Thanks to Chilton, off with the tin-foil hats
Submitted by cpowell on Tue, 2010-10-26 17:26 Section: Daily Dispatches4:21p CT Tuesday, October 26, 2010
Dear Friend of GATA and Gold (and Silver):
JSMineSet.com market analyst Dan Norcini this evening has compliments for CFTC Commissioner Bart Chilton and for GATA as well as a result of Chilton's public statement today about manipulation of the silver market. Norcini urges precious metals investors to send their thanks to Chilton and adds:
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