Daily Dispatches

Ted Butler: A show stopper at the CFTC

Submitted by cpowell on Wed, 2010-12-22 08:51 Section: Daily Dispatches

8:47a ET Wednesday, December 22, 2010

Dear Friend of GATA and Gold (and Silver):

Read more about Ted Butler: A show stopper at the CFTC

Fed dissembles on interest rates, Rickards tells King World News

Submitted by cpowell on Wed, 2010-12-22 08:35 Section: Daily Dispatches

8:32a ET Wednesday, December 22, 2010

Dear Friend of GATA and Gold:

In Part 2 of his latest interview with King World News, market analyst James G. Rickards reflects on the Federal Reserve's dissembling about interest reats and the likelihood of either inflationary or deflationary collapse in the U.S. economy. The interview is 13 minutes long and you can listen to it here:

Read more about Fed dissembles on interest rates, Rickards tells King World News

James Turk: Pound may beat dollar to hyperinflation

Submitted by cpowell on Tue, 2010-12-21 23:05 Section: Daily Dispatches

11p ET Tuesday, December 21, 2010

Dear Friend of GATA and gold:

GoldMoney founder, Free Gold Money Report editor, and GATA consultant James Turk writes tonight that Britain may beat the United States to hyperinflation. Turk's commentary is headlined "Serious Problems Ahead for the British Pound" and you can find it at the FGMR Internet site here:

Read more about James Turk: Pound may beat dollar to hyperinflation

Stewart Thompson: Central banks use gold to control markets

Submitted by cpowell on Tue, 2010-12-21 22:46 Section: Daily Dispatches

10:54p ET Tuesday, December 21, 2010

Dear Friend of GATA and Gold:

In commentary published today at GoldSeek, Stewart Thompson of the Graceland Updates letter emphasizes again that central banks buy and sell gold not to "make money" but rather to control the value of their currencies, moving their currencies up and down as politics seems to require -- that is, to rig currency markets.

Read more about Stewart Thompson: Central banks use gold to control markets

Lefty Rep. Dennis Kucinich starts his own campaign to end the Fed

Submitted by cpowell on Tue, 2010-12-21 21:53 Section: Daily Dispatches

Kucinich Proposes Landmark Reform of Monetary Policy;
Begins Discussion to Make Monetary Policy Work to Rebuild Economy

Congressional Press Release
Friday, December 17, 2010

http://www.kucinich.house.gov/News/DocumentSingle.aspx?DocumentID=217846

Read more about Lefty Rep. Dennis Kucinich starts his own campaign to end the Fed

Commodity market concentration starts to worry even Wall Street Journal

Submitted by cpowell on Tue, 2010-12-21 20:39 Section: Daily Dispatches

Trader Holds $3 Billion of Copper in London

By Tatyana Shumsky and Carolyn Cui
The Wall Street Journal
Wednesday, December 22, 2010

http://online.wsj.com/article/SB1000142405274870411850457603408343693141...

As commodity prices soar to new records, the ability of a few traders to hold huge swaths of the world's stockpiles is coming under scrutiny.

Read more about Commodity market concentration starts to worry even Wall Street Journal

IMF completes gold sales program

Submitted by cpowell on Tue, 2010-12-21 18:13 Section: Daily Dispatches

From Reuters
Tuesday, December 21, 2010

http://af.reuters.com/article/metalsNews/idAFN2127057720101221

WASHINGTON -- The International Monetary Fund said on Tuesday it had concluded the sale of 403.3 tonnes of gold under a program approved in September 2009 to help boost its lending resources.