You are here
Daily Dispatches
Is central banking inevitably deceitful, corrupt, and grafting?
Submitted by cpowell on Sat, 2008-07-26 10:25 Section: Daily Dispatches10a ET Saturday, July 26, 2008
Dear Friend of GATA and Gold:
Gold options point to $1,200
Submitted by cpowell on Fri, 2008-07-25 12:55 Section: Daily DispatchesBy Frank Tang
Reuters
Friday, July 25, 2008
http://www.reuters.com/article/hotStocksNews/idUSN2535920220080725
NEW YORK -- Heavy bets in deep out-of-the-money calls and other bullish plays in the gold options market indicate that bullion has a shot at rallying to an all-time peak of $1,200 an ounce by the end of the year.
Jim Willie: U.S. central banking is now just ruthless patronage
Submitted by cpowell on Thu, 2008-07-24 22:49 Section: Daily Dispatches10:45p ET Thursday, July 24, 2008
Dear Friend of GATA and Gold:
Market analyst Jim Willie's latest letter, "Gold Ambush Tactics and Potpourri" has some intemperate language, but it is an important elaboration on a point your secretary/treasurer has been trying to make for some time about what central banking has become, particularly in the United States. That is:
Max Keiser: The Black-Scholes atomic debt bomb and 7 predictions
Submitted by cpowell on Thu, 2008-07-24 17:37 Section: Daily Dispatches5:30p ET Thursday, July 24, 2008
Dear Friend of GATA and Gold:
Foreign treasuries just starting to notice U.S. debt catastrophe
Submitted by cpowell on Thu, 2008-07-24 17:25 Section: Daily DispatchesSteps Taken to Calm Investor Fears Over Agency Debt
By Jamil Anderlini, Charles Clover, Krishna Guha, Kathrin Hille, Song Jung-a, Michiyo Nakamoto, James Politi, Saskia Scholtes, and Henny Sender
Financial Times, London
Thursday, July 24, 2008
http://www.ft.com/cms/s/0/1abb233e-5918-11dd-a093-000077b07658.html
Hey, CFTC, ever hear of gold, silver, and JPMorganChase?
Submitted by cpowell on Thu, 2008-07-24 16:27 Section: Daily DispatchesThis enforcement action isn't even chicken feed -- allegedly only a million dollars in improper profits. The billions stolen by manipulation in the gold and silver markets, while fully reported to the CFTC, remain unnoticed officially.
* * *
Fund Accused of Manipulating Oil Price
By Joanna Chung
Financial Times, London
Thursday, July 24, 2008
You want gold with that?
Submitted by cpowell on Thu, 2008-07-24 10:19 Section: Daily DispatchesChanges Ahead for McDonald's Dollar Menu
By Mike Hughlett
Chicago Tribune
Thursday, July 24, 2008
http://www.chicagotribune.com/business/chi-thu-mcdonalds-earnings-jul24,...
McDonald's Corp. blew past Wall Street's profit expectations and posted a strong second quarter Wednesday, despite weak consumer confidence and soaring commodity costs.
Ron Paul discloses housing bailout bill's money and power grab
Submitted by cpowell on Thu, 2008-07-24 02:21 Section: Daily Dispatches2:11a ET Thursday, July 24, 2008
Dear Friend of GATA and Gold:
In a videotaped statement Wednesday, U.S. Rep. Ron Paul, R-Texas, disclosed some shocking details of the housing bailout legislation being rushed through Congress:
More than G7, G20 now may be needed for dollar propping
Submitted by cpowell on Wed, 2008-07-23 20:07 Section: Daily DispatchesIn Foreign Exchange Casino, Don't Bet Against Central Banks
By Jamie McGeever
Reuters
Wednesday, July 23, 2008
http://www.reuters.com/article/ousivMolt/idUSL23102197020080723?sp=true
LONDON -- The global foreign exchanges may now be a $3.2 trillion-a-day behemoth but one maxim still holds true: Ignore concerted central bank intervention at your peril.
Rescue for Fannie, Freddie may cost trillion, senator says
Submitted by cpowell on Wed, 2008-07-23 15:22 Section: Daily DispatchesBy Michael McKee and Bryan Keogh
Bloomberg News Service
Wednesday, July 23, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ_PxvWbq4z0&refer=home
A government rescue of Fannie Mae and Freddie Mac would require taxpayers to pay "way" more than the $25 billion estimated by the Congressional Budget Office, potentially as much as $1 trillion, U.S. Sen. Jim Bunning said.