Daily Dispatches

Fed desire for inflation spurs gold, Hathaway tells King World News

Submitted by cpowell on Mon, 2010-09-27 17:34 Section: Daily Dispatches

5:33p ET Monday, September 27, 2010

Dear Friend of GATA and Gold:

Eric King of King World News has interviewed Tocqueville Gold Fund manager John Hathaway, whose fund has dramatically outperformed all the gold fund averages, like the HUI --

http://finance.yahoo.com/q/bc?t=1y&s=TGLDX&l=on&z=l&q=l&c=%5Ehui

Read more about Fed desire for inflation spurs gold, Hathaway tells King World News

CNBC Europe explains the Plunge Protection Team in action

Submitted by cpowell on Mon, 2010-09-27 12:26 Section: Daily Dispatches

12:23p ET Monday, September 27, 2010

Dear Friend of GATA and Gold:

Zero Hedge today calls attention to a wonderful interview on CNBC Europe that discussed the Federal Reserve's goosing the equities markets and preventing their collapse through bond purchases, the Plunge Protection Team in action. You can find it at Zero Hedge here:

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Germany won't sell gold for another year

Submitted by cpowell on Mon, 2010-09-27 11:46 Section: Daily Dispatches

By Jana Randow
Bloomberg News
Monday, September 27, 2010

http://www.bloomberg.com/news/2010-09-27/bundesbank-plans-to-sell-6-5-to...

FRANKFURT, Germany -- The Bundesbank plans to sell no more than 6.5 metric tons of gold in the second year of an agreement between central banks to limit bullion sales.

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South Korea reportedly intervenes to slow currency's rise

Submitted by cpowell on Mon, 2010-09-27 08:31 Section: Daily Dispatches

By Lisa Twaronite
MarketWatch.com
Monday, September 27, 2010

http://www.marketwatch.com/story/bank-of-korea-reportedly-intervenes-to-...

TOKYO -- South Korean authorities bought dollars Monday to curb the won's rise to a four-month highs, according to reports citing foreign-exchange traders.

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Argentina edges ahead in devaluation race; capital controls next

Submitted by cpowell on Mon, 2010-09-27 01:51 Section: Daily Dispatches

Fernandez Buys Dollars in 'Draconian' Bid to Weaken Argentine Peso

By Drew Benson and Ben Bain
Bloomberg News
Sunday, September 26, 2010

http://www.bloomberg.com/news/2010-09-27/fernandez-buys-dollars-in-draco...

Read more about Argentina edges ahead in devaluation race; capital controls next

Gary North: Gold audit is a red-alert threat to the regime

Submitted by cpowell on Sun, 2010-09-26 23:53 Section: Daily Dispatches

11:48p ET Sunday, September 26, 2010

Dear Friend of GATA and Gold:

Market analyst Gary North observes this week that the most vulnerable part of the world financial order is secrecy around national gold reserves and that the most dangerous politician in the United States is Rep. Ron Paul, R-Texas, who is proposing legislation to audit the U.S. gold reserves.

North writes:

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Europe's central banks halt gold sales

Submitted by cpowell on Sun, 2010-09-26 23:05 Section: Daily Dispatches

By Jack Farchy
Financial Times, London
Sunday, September 26, 2010

http://www.ft.com/cms/s/0/b9859c7e-c99b-11df-b3d6-00144feab49a.html

Europe's central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade.

Read more about Europe's central banks halt gold sales

Alasdair Macleod: The global politics of gold

Submitted by cpowell on Sun, 2010-09-26 18:27 Section: Daily Dispatches

6:12p ET Sunday, September 26, 2010

Dear Friend of GATA and Gold:

In his latest essay the economist and former banker Alasdair Macleod explains concisely the worldwide strategic struggle under way between East and West over gold.