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Daily Dispatches

James Turk: The other reason to own gold

Section: Daily Dispatches

2:14a ET Saturday, March 15, 2008

Dear Friend of GATA and Gold:

Fed, not Morgan Chase, bears risk of Bear Stearns bailout

Section: Daily Dispatches

Fed Races to Rescue Bear Stearns
In Bid to Steady Financial System

Storied Firm Sees
Stock Plunge 47%;
J.P. Morgan Steps In

By Kate Kelly, Greg Ip, and Robin Sidel
The Wall Street Journal
Saturday, March 15, 2008

http://online.wsj.com/article/SB120550108028136579.html?mod=yahoo_hs&ru

Goldman expects 'explosive' commodities, oil rising to $175

Section: Daily Dispatches

By Claudia Carpenter and Alexander Kwiatkowski
Bloomberg News Service
Friday, March 14, 2008

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUmQ3MBOkx_0

Commodities may have "explosive rallies" in the next couple of years, with crude oil rising to $175 a barrel, according to Goldman Sachs Group Inc.

Fed bails out Bear Stearns as stocks plunge

Section: Daily Dispatches

Fed Pledges to Supply Cash

By Martin Crutsinger
Associated Press
via Yahoo News
Friday, March 14, 2008

http://news.yahoo.com/s/ap/20080314/ap_on_bi_ge/fed_credit_crisis;_ylt=A...

David Morgan: Nothing beats gold and silver in hand

Section: Daily Dispatches

10:03p ET Thursday, March 13, 2008

Dear Friend of GATA and Gold:

Two financial houses are expecting currency intervention

Section: Daily Dispatches

Or should that read 'praying for' intervention?

... As if the central banks haven't been
intervening in the markets every day for
years now!

* * *

By John Fraher and Simon Kennedy
Bloomberg News Service
Thursday, March 13, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOg5ATtR4yto&refer=home

At least there's SOMETHING in Ethiopia's gold vault

Section: Daily Dispatches

What's in yours, Secretary Paulson?

* * *

By Elizabeth Blunt
British Broadcasting Corp.
Thursday, March 13, 2008

http://news.bbc.co.uk/2/hi/africa/7294665.stm

ADDIS ABABA -- Ethiopia's national bank has been told to inspect all the gold in its vaults to determine its authenticity.

ECB urged to rig currency market, just like gold market

Section: Daily Dispatches

Time for the ECB to Start Buying Dollars

By Lionel Laurent
Forbes magazine
Thursday, March 13, 2008

http://www.forbes.com/2008/03/13/bofinger-dollar-euro-face-markets-cx_ll...

Germany remains unlikely to sell gold reserves

Section: Daily Dispatches

By Krista Hughes
Reuters
via The Guardian, London
Tuesday, March 11, 2008

http://www.guardian.co.uk/feedarticle?id=7375180

FRANKFURT -- Germany's Bundesbank will probably hold on to the vast bulk of its gold reserves in the next year of the central bank gold agreement, beginning in September, central bank president Axel Weber said on Tuesday.

Fed begins monetizing everybody's busted mortgages

Section: Daily Dispatches

Dramatic Fed Move to Unlock Markets

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 13, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/12/nfed11...

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