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Daily Dispatches
Sri Lanka buys 10 tonnes of IMF gold
Submitted by cpowell on Wed, 2009-11-25 14:44 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Wednesday, November 25, 2009
http://news.yahoo.com/s/afp/20091125/bs_afp/imffinancegoldsrilanka_20091...
WASHINGTON -- The International Monetary Fund said Wednesday it had sold 10 tonnes of gold to Sri Lanka's central bank for $375 million, as part of a restructuring of IMF financial resources.
Up $800 million on its IMF gold, India may buy the rest
Submitted by cpowell on Wed, 2009-11-25 00:22 Section: Daily DispatchesIndia Plans to Buy More Gold from IMF
By Mandakini Raina
Financial Chronicle, New Delhi
Tuesday, November 24, 2009
http://www.mydigitalfc.com/plan/india-plans-buy-more-gold-imf-410
Bank of England pension fund moves into inflation-protected bonds
Submitted by cpowell on Tue, 2009-11-24 23:32 Section: Daily DispatchesBank of England Pension Fund Shuns Gilts
By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, November 24, 2009
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6646330/...
Miners say they're running out of gold
Submitted by cpowell on Tue, 2009-11-24 22:57 Section: Daily DispatchesFrom Agence France-Presse
via Brisbane Times
Brisbane, Australia
Wednesday, November 25, 2009
http://www.brisbanetimes.com.au/business/miners-were-running-out-of-gold...
Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners.
Mint said to have double-counted gold, underestimated 'shrinkage'
Submitted by cpowell on Tue, 2009-11-24 22:27 Section: Daily DispatchesFrom CTV News, Scarborough, Ontario
Tuesday, November 24, 2009
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20091124/mint_myster...
RCMP have solved a bizarre mystery: How did $15.3 million in gold vanish from the Royal Canadian Mint? And while their report is still two weeks away, CTV News has learned the answer.
Royal Mint's gold 'wasn't stolen' -- maybe secretly leased?
Submitted by cpowell on Tue, 2009-11-24 21:58 Section: Daily DispatchesNo Theft at Mint: RCMP
By Ian Macleod
The Ottawa Citizen
Tuesday, October 24, 2009
http://www.ottawacitizen.com/news/theft+Mint+RCMP/2261182/story.html
James Saft: Push for auditing Fed aids gold rally
Submitted by cpowell on Tue, 2009-11-24 18:30 Section: Daily DispatchesBy James Saft
Reuters
Tuesday, November 24, 2009
http://www.reuters.com/article/americasRegulatoryNews/idUSN2326961920091124
Auditing the Federal Reserve may or may not be a good idea, but one thing seems pretty sure: just discussing it seriously will tend to drive the price of gold higher.
Peter Grandich: Gold is rising on more than dollar weakness
Submitted by cpowell on Tue, 2009-11-24 17:47 Section: Daily Dispatches5:45p ET Tuesday, November 24, 2009
Dear Friend of GATA and Gold:
FDIC insurance fund falls into red
Submitted by cpowell on Tue, 2009-11-24 17:22 Section: Daily DispatchesBy Karey Wutkowski
Reuters
Tuesday, November 24, 2009
http://www.reuters.com/article/ousivMolt/idUSTRE5AN36P20091124
WASHINGTON -- The government fund used to safeguard U.S. bank deposits tumbled to a negative balance of $8.2 billion as the number of problem banks surged in the third quarter.
Half of bank losses likely still hidden, IMF chief says
Submitted by cpowell on Tue, 2009-11-24 17:17 Section: Daily DispatchesBy Estelle Shirbon
Reuters
Tuesday, November 24, 2009
http://www.reuters.com/article/ousivMolt/idUSTRE5AN4QD20091124
PARIS -- Half the losses suffered by banks could still be hidden in their balance sheets, more so in Europe than in the United States, the International Monetary Fund's chief, Dominique Strauss-Kahn, was quoted as saying on Tuesday.
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