Daily Dispatches

Ambrose Evans-Pritchard: Does U.S. face a run on its currency?

Submitted by cpowell on Tue, 2008-09-23 23:55 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, September 23, 2008

http://blogs.telegraph.co.uk/ambrose_evans-pritchard/blog/2008/09/23/fin...

This just arrived in my e-mail from Alex Patelis, global strategist at Merrill Lynch.

* * *

AS THE US PRINTING PRESS STARTS

Taking Stock

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Ted Butler: Time out or about time?

Submitted by cpowell on Tue, 2008-09-23 14:49 Section: Daily Dispatches

2:50p ET Tuesday, September 23, 2008

Dear Friend of GATA and Gold (and Silver):

Silver market analyst Ted Butler's new essay comments on short selling, Swiss fears of the failure of gold derivatives, and signs of possible short-covering by the biggest shorts in silver. Butler's essay is headlined "Time Out or About Time?" and you can find it at GoldSeek's companion site, SilverSeek, here:

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Bailout will discredit all currencies, help gold, Tocqueville's Hathaway says

Submitted by cpowell on Tue, 2008-09-23 14:37 Section: Daily Dispatches

From Bloomberg News
via Asbury Park Press, New Jersey
Tuesday, September 23, 2008

http://www.app.com/apps/pbcs.dll/article?AID=/20080923/BUSINESS/80923018

Gold will be the main beneficiary as concern about the U.S. government's Wall Street bailout triggers a plunge in the U.S. dollar, said Tocqueville Asset Management LP's John Hathaway.

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'Hitler gets a margin call,' but what a difference a week makes

Submitted by cpowell on Mon, 2008-09-22 21:28 Section: Daily Dispatches

9:15p ET Monday, September 22, 2008

Dear Friend of GATA and Gold:

Read more about 'Hitler gets a margin call,' but what a difference a week makes

Wall Street Journal thinks central banks might start liking gold again

Submitted by cpowell on Mon, 2008-09-22 20:48 Section: Daily Dispatches

Gold May Regain Luster for World's Central Banks

Turmoil, Weak Dollar
Raise Metal's Profile;
Chinese 'Nibbling'?

By Andrea Hotter and Matt Whittaker
The Wall Street Journal
Monday, September 22, 2008

Central banks may be starting to turn to one of the few assets in which they can invest: gold.

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Vietnam discovers that there's gold and 'gold'

Submitted by cpowell on Mon, 2008-09-22 09:05 Section: Daily Dispatches

When Gold Trading Floors Lack Gold

From VietNamNet Bridge
Monday, September 22, 2008

http://english.vietnamnet.vn/biz/2008/09/804952/

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Peter Brimelow: Radical gold bugs gloating but guarded

Submitted by cpowell on Mon, 2008-09-22 01:43 Section: Daily Dispatches

By Peter Brimelow
MarketWatch.com
Monday, September 22, 2008

http://www.marketwatch.com/news/story/peter-brimelow-radical-gold-bugs/s...

NEW YORK -- Radical Goldbugs 1, Financial Establishment 0. However this game ends, the bugs are looking better right now.

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Treasury now ready to buy any bad debt, not just mortgages

Submitted by cpowell on Sun, 2008-09-21 22:28 Section: Daily Dispatches

U.S. Treasury Widens Plan to Buy Bad Debt

By Dawn Kopecki
Bloomberg News
Sunday, November 21, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYXtwpG9mw9g&refer=home

WASHINGTON -- The Bush administration widened the scope of its $700 billion plan to avert a financial meltdown by including assets other than mortgage-related securities.