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Daily Dispatches
Fed joins three other central banks with $200 billion more in lending
Submitted by cpowell on Tue, 2008-03-11 08:56 Section: Daily DispatchesBy The Associated Press
via Yahoo News
Tuesday, March 11, 2008
http://news.yahoo.com/s/ap/20080311/ap_on_bi_ge/fed_credit_crisis;_ylt=A...
WASHINGTON -- Trying to pump more cash into a tight credit market, the Federal Reserve and other central banks on Tuesday jointly announced a new $200 billion expansion of its lending program.
Gold council will list ETF in Asia, make Barrick CEO chairman
Submitted by cpowell on Tue, 2008-03-11 08:51 Section: Daily DispatchesGreg Wilkins is CEO of Barrick Gold.
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Gold Council to List EFT in Japan, Hong Kong
From Reuters
Tuesday, March 11, 2008
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/id...
Panic in market on fear of insolvency at Bear Stearns, Fannie Mae
Submitted by cpowell on Mon, 2008-03-10 23:07 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, March 11, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/11/cnbear...
Sprott sees financial turmoil pushing gold to $2,000
Submitted by cpowell on Mon, 2008-03-10 21:36 Section: Daily DispatchesBy Stewart Bailey
Bloomberg News Service
Monday, March 10, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVMsmS.ikYd4
Turmoil in global credit markets may lead to the collapse of a North American bank, pushing bullion prices up to $2,000 an ounce as investors seek a haven in gold, Eric Sprott said.
If the central banks don't get us, the 'death star' still might
Submitted by cpowell on Mon, 2008-03-10 21:29 Section: Daily DispatchesWe have all the reasons to buy gold. With this one you just have to figure out how to get it off the planet.
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Real 'Death Star' Could Strike Earth
By Charles Q. Choi
Space.com via Yahoo News
Monday, March 10, 2008
http://news.yahoo.com/s/space/20080310/sc_space/realdeathstarcouldstrike...
Emergency interest rate cut possible, Goldman Sachs says
Submitted by cpowell on Mon, 2008-03-10 21:01 Section: Daily DispatchesBy Richard Leong
Reuters
Monday, March 10, 2008
http://www.reuters.com/article/ousiv/idUSNYE00023720080310
NEW YORK -- An emergency interest rate cut from the Federal Reserve is possible ahead of its March 18 policy meeting, according to a Goldman Sachs research note on Monday.
Goldman said its view on Fed policy changed on Friday.
Billionaire investor Ross sees bank failures ahead
Submitted by cpowell on Mon, 2008-03-10 16:36 Section: Daily DispatchesFrom CNBC
Monday, March 10, 2008
http://www.cnbc.com/id/23557115/site/14081545
Billionaire investor Wilbur Ross says the current market downturn differs from previous slumps in that no
American banks have yet failed this time, but he suggests that's about to change.
James Turk: A record new low for the dollar
Submitted by cpowell on Mon, 2008-03-10 12:12 Section: Daily Dispatches12:05p ET Monday, March 10, 2008
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk says there's an "eerie silence" as the U.S. dollar makes record lows, but those lows are there all the same. Turk's new analysis, "A Record New Low for the Dollar," can be found in the "Founder's Commentary" section in the third column of the GoldMoney home page here:
Downturn tests Fed's ability to avert a crisis
Submitted by cpowell on Sun, 2008-03-09 22:07 Section: Daily DispatchesBy Vikas Bajaj
The New York Times
Sunday, March 9, 2008
http://www.nytimes.com/2008/03/09/business/09econ.html?_r=2&ref=business...
Gene Arensberg: Commercial gold and silver traders duck and cover
Submitted by cpowell on Sun, 2008-03-09 21:34 Section: Daily Dispatches9:30p ET Sunday, March 9, 2008
Dear Friend of GATA and Gold:
Gene Arensberg's "Got Gold Report" at Resource Investor sees some evidence that the large commercial traders are covering short positions in gold and silver on the commodities exchange. You can find Arensberg's report, headlined "COMEX Commercial Gold, Silver Traders Duck and Cover," here:
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