Daily Dispatches

Gene Arensberg: Silver is strong mainly because it's remonetizing

Submitted by cpowell on Wed, 2010-10-27 11:46 Section: Daily Dispatches

10:40a ET Wednesday, October 27, 2010

Dear Friend of GATA and Gold (and Silver):

Read more about Gene Arensberg: Silver is strong mainly because it's remonetizing

Thanking Bart Chilton

Submitted by cpowell on Wed, 2010-10-27 11:29 Section: Daily Dispatches

11:22a ET Wednesday, October 27, 2010

Dear Friend of GATA and Gold (and Silver):

JSMineSet.com's market analyst, Dan Norcini, yesterday urged precious metals investors to thank CFTC Commissioner Bart Chilton for his advancing the issue of silver market manipulation:

http://jsmineset.com/2010/10/26/hourly-action-in-gold-from-trader-dan-362/

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China's commerce minister says dollar printing is 'out of control'

Submitted by cpowell on Wed, 2010-10-27 10:34 Section: Daily Dispatches

By Simon Rabinovitch
Reuters
Tuesday, October 26, 2010

http://uk.reuters.com/article/idUKTRE69P3S020101026

BEIJING -- Dollar issuance by the United States is "out of control," leading to an inflation assault on China, the Chinese commerce minister said in comments reported on Tuesday.

Read more about China's commerce minister says dollar printing is 'out of control'

More clamor for China to build its gold reserves

Submitted by cpowell on Wed, 2010-10-27 10:27 Section: Daily Dispatches

By Zhou Xin and Ken Wills
Reuters
Wednesday, October 27, 2010

http://af.reuters.com/article/metalsNews/idAFTOE69P08W20101027

BEIJING -- China should significantly boost the amount of gold held in state reserves, a newspaper run by China's Ministry of Commerce said on Wednesday, citing a local researcher.

Read more about More clamor for China to build its gold reserves

Wall Street Journal discovers silver-rigging controversy

Submitted by cpowell on Wed, 2010-10-27 10:08 Section: Daily Dispatches

Silver Market Probe: Act Now, CFTC Is Urged

By Susan Pulliam and Carolyn Cui
The Wall Street Journal
Wednesday, October 27, 2010

http://online.wsj.com/article/SB1000142405270230334190457557620331005604...

A Commodity Futures Trading Commission regulator is putting pressure on the agency to take action in a high-profile, 2-year-old investigation of the silver market.

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Dan Norcini: Thanks to Chilton, off with the tin-foil hats

Submitted by cpowell on Tue, 2010-10-26 17:26 Section: Daily Dispatches

4:21p CT Tuesday, October 26, 2010

Dear Friend of GATA and Gold (and Silver):

JSMineSet.com market analyst Dan Norcini this evening has compliments for CFTC Commissioner Bart Chilton and for GATA as well as a result of Chilton's public statement today about manipulation of the silver market. Norcini urges precious metals investors to send their thanks to Chilton and adds:

Read more about Dan Norcini: Thanks to Chilton, off with the tin-foil hats

Financial Times: CFTC puts spotlight on silver trades

Submitted by cpowell on Tue, 2010-10-26 15:03 Section: Daily Dispatches

By Gregory Meyer and Jack Farchy
Financial Times, London
Tuesday, October 26, 2010

http://www.ft.com/cms/s/0/3f5faf38-e125-11df-90b7-00144feabdc0.html

A senior US commodities regulator has alleged fraud in silver trading more than two years after investigators began a probe into the market.

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CityWire in London notes CFTC Commissioner Chilton's statement

Submitted by cpowell on Tue, 2010-10-26 14:52 Section: Daily Dispatches

1:47p CT Tuesday, October 26, 2010

Dear Friend of GATA and Gold (and Silver):

Rob Mackinlay of CityWire in London has followed up on CFTC Commissioner Bart Chilton's remarks today, getting comment from silver market analyst Ted Butler and your secretary/treasurer. The CityWire story is headlined "Price of Silver Has Been Subject to Attempted Manipulation" and you can find it here:

Read more about CityWire in London notes CFTC Commissioner Chilton's statement

Commissioner Chilton's statement on silver market rigging

Submitted by cpowell on Tue, 2010-10-26 13:01 Section: Daily Dispatches

Statement of Commissioner Bart Chilton
U.S. Commodity Futures Trading Commission
Public Hearing on Anti-Manipulation and Disruptive Trading Practices
Washington, D.C.
Tuesday, October 26, 2010

http://www.cftc.gov/PressRoom/SpeechesTestimony/chiltonstatement102610.html

I take this opportunity to comment on the precious metals markets and in particular the silver markets.