Daily Dispatches

Fed refuses to disclose recipients of $2 trillion

Submitted by cpowell on Fri, 2008-12-12 17:02 Section: Daily Dispatches

5p ET Friday, December 12, 2008

Dear Friend of GATA and Gold:

Read more about Fed refuses to disclose recipients of $2 trillion

Silver investigation: CFTC does U-turn

Submitted by cpowell on Fri, 2008-12-12 16:36 Section: Daily Dispatches

4:36p ET Friday, December 12, 2008

Dear Friend of GATA and Gold:

Rob Mackinlay of Investegate has examined the latest and perhaps more serious review by the U.S. Commodity Futures Trading Commission of complaints of manipulation of the silver market. Mackinlay's report is headlined "Silver Investigation: CFTC Does U-Turn" and you can find it here:

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James Turk: More on gold backwardation

Submitted by cpowell on Fri, 2008-12-12 16:29 Section: Daily Dispatches

4:27p ET Friday, December 12, 2008

Dear Friend of GATA and Gold:

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Swiss may have to print money to stave off deflation

Submitted by cpowell on Thu, 2008-12-11 16:27 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 11, 2008

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3710374/...

The Swiss National Bank has cut interest rates to 0.5 percent and opened the door for emergency stimulus, becoming the first country in Europe to flirt with zero policy rates.

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Fear triggers gold shortage, drives Treasury yields below zero

Submitted by cpowell on Wed, 2008-12-10 17:41 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, December 10, 2008

http://www.telegraph.co.uk/finance/economics/3703565/Fear-triggers-gold-...

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Growing controversy over gold backwardation

Submitted by cpowell on Wed, 2008-12-10 14:59 Section: Daily Dispatches

3p ET Wednesday, December 20, 2008

Dear Friend of GATA and Gold:

If your eyes haven't rolled back in your head from the growing controversy about gold backwardation, Antal Fekete gets even more apocalyptic about it in a new essay at GoldSeek, "There Is No Fever Like Gold Fever," which you can find here:

http://news.goldseek.com/GoldSeek/1228935840.php

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Ambrose Evans-Pritchard: Commodity crash tests faith in supercycle

Submitted by cpowell on Wed, 2008-12-10 14:38 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, December 10, 2008

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/370266...

Rio Tinto gambled its future by contracting debt on a grand scale to fund its heady expansion near the top of the commodity bubble.

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GMAC bank bid failing, bankruptcy may be next

Submitted by cpowell on Wed, 2008-12-10 11:35 Section: Daily Dispatches

By David Mildenberg and Caroline Salas
Bloomberg News
Wednesday, December 10, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOYi3RTRwuuQ&refer=home

NEW YORK -- GMAC LLC, the auto and home lender seeking federal aid, hasn't obtained enough capital to become a bank holding company and may abandon the effort, casting new doubt on the firm's ability to survive.