Daily Dispatches

Italy's parliament to consider gold sales

Submitted by cpowell on Fri, 2008-11-21 10:03 Section: Daily Dispatches

From Dow Jones Newswires
via INO.com
Friday, November 21, 2008

http://news.ino.com/headlines/?newsid=20081121002448

ROME -- The Italian parliament will consider a long-discussed plan to use Bank of Italy gold reserves to lift the country's economy, business daily MF reports Friday, citing parliament's finance committee chairman.

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Loan investors accuse Goldman Sachs of naked shorting

Submitted by cpowell on Fri, 2008-11-21 00:27 Section: Daily Dispatches

By Pierre Paulden and Caroline Salas
Bloomberg News
Monday, November 17, 2008

http://www.bloomberg.com/apps/news?pid=20601009&sid=as3PwfEfBlhk

NEW YORK -- Investors in the $591 billion high-yield, high-risk loan market are accusing Goldman Sachs Group Inc. of naked short selling to profit from record price declines.

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John Crudele: CNBC has no clue on market manipulation

Submitted by cpowell on Fri, 2008-11-21 00:13 Section: Daily Dispatches

By John Crudele
New York Post
Thursday, November 20, 2008

http://www.nypost.com/seven/11202008/business/credit_cards_will_be_the_n...

If you really want to laugh, watch this 10-minute video of Tuesday's "Squawk Box" on the Bubble Network:

http://www.cnbc.com/id/15840232?video=931599105&play=1

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Judge spares E-Gold directors jail time

Submitted by cpowell on Thu, 2008-11-20 22:34 Section: Daily Dispatches

By Stephanie Condon
CNET.com, San Francisco
Thursday, November 20, 2008

http://news.cnet.com/8301-13578_3-10104677-38.html

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Richard Russell says it again: Fed is suppressing gold

Submitted by cpowell on Thu, 2008-11-20 21:23 Section: Daily Dispatches

By Richard Russell
Dow Theory Letters
Thursday, November 20, 2008

http://ww1.dowtheoryletters.com

Question -- Russell, I see December gold is up 12.80 this morning before the opening. But gold has been up every morning by $10-$15, yet it closes up only $2 or $3 if it's up at all. What's going on?

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Switzerland's shock rate cut unnerves markets

Submitted by cpowell on Thu, 2008-11-20 20:06 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 20, 2008

http://www.telegraph.co.uk/news/worldnews/europe/switzerland/3491854/Swi...

Switzerland has slashed interest rates a full percentage point to 1 percent in an emergency move, underlining the gravity of the credit crunch now spreading across Europe.