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Daily Dispatches

Is central banking inevitably deceitful, corrupt, and grafting?

Section: Daily Dispatches

10a ET Saturday, July 26, 2008

Dear Friend of GATA and Gold:

Gold options point to $1,200

Section: Daily Dispatches

By 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

Section: Daily Dispatches

10:45p 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

Section: Daily Dispatches

5:30p ET Thursday, July 24, 2008

Dear Friend of GATA and Gold:

Foreign treasuries just starting to notice U.S. debt catastrophe

Section: Daily Dispatches

Steps 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?

Section: Daily Dispatches

This 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.

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Fund Accused of Manipulating Oil Price

By Joanna Chung
Financial Times, London
Thursday, July 24, 2008

You want gold with that?

Section: Daily Dispatches

Changes 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

Section: Daily Dispatches

2:11a 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

Section: Daily Dispatches

In 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

Section: Daily Dispatches

By 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.

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