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Daily Dispatches
Some Northern Rock customers switched into gold
Submitted by cpowell on Mon, 2007-10-01 17:39 Section: Daily DispatchesBy Richard Curran
The Sunday Business Post, Dublin
Sunday, September 30, 2007
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=MARKETS-qqqm=nav-qqqi...
Some beleaguered Northern Rock customers who withdrew their savings used the money to buy gold in search of old-fashioned stability.
British banks gorge on European Central Bank's cheap credit
Submitted by cpowell on Mon, 2007-10-01 17:01 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 1, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/01/bcnecb...
British lenders are shunning the Bank of England and turning instead to the European Central Bank on a massive scale, taking advantage of much lower interest rates and guaranteed anonymity to weather the credit crunch.
Al Korelin: Why invest in gold if the price is manipulated?
Submitted by cpowell on Mon, 2007-10-01 16:41 Section: Daily Dispatches4:45p ET Monday, October 1, 2007
Dear Friend of GATA and Gold:
GATA today received the formal endorsement of Al Korelin of the Korelin Economics Report, whose new essay, "Why Bother Investing in Gold if the Price Is Manipulated?," can be found at Kitco here:
Adrian Ash: How central banks control the gold price
Submitted by cpowell on Mon, 2007-10-01 16:24 Section: Daily Dispatches4:20p ET Monday, October 1, 2007
Dear Friend of GATA and Gold:
Citigroup gold report getting around; MineWeb disparages BoE gold quality issue
Submitted by cpowell on Mon, 2007-10-01 08:57 Section: Daily Dispatches8:55a ET Monday, October 1, 2007
Dear Friend of GATA and Gold:
Citigroup's market research report acknowledging that central banks have been manipulating the gold price is rapidly gaining attention in the investment world.
The latest recognition comes in an essay titled "Why Should You Buy Gold?" at MoneyWeek.com by John Stepek, who writes:
IMF finds central bankers 'not hostile' to more gold sales
Submitted by cpowell on Mon, 2007-10-01 08:31 Section: Daily DispatchesFrom Reuters
Monday, October 1, 2007
http://www.reuters.com/article/companyNewsAndPR/idUSPAB00351820071001
PARIS -- The International Monetary Fund's future managing director says central bankers do not appear to oppose sales of IMF gold.
James Turk: More records are ready to fall
Submitted by cpowell on Mon, 2007-10-01 08:27 Section: Daily Dispatches8:30a ET Monday, October 1, 2007
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, predicts that "More Records Are Ready to Fall" in favor of the precious metals. His new analysis can be found in the "Founder's Commentary" section in the third column of the GoldMoney home page here:
London Telegraph notes Citigroup's concurrence with GATA
Submitted by cpowell on Sun, 2007-09-30 21:10 Section: Daily Dispatches9:10p ET Sunday, September 30, 2007
Dear Friend of GATA and Gold:
In Monday's edition of The Telegraph in London, Ambrose Evans-Pritchard notes that Citigroup's new gold market research report concurs with GATA's complaint that Western central banks have been suppressing the price of gold. We're grateful to Evans-Pritchard and The Telegraph for picking up the story, which is appended here.
Iranian oil exec says dollar's fall pushes oil up, not supply issues
Submitted by cpowell on Sun, 2007-09-30 17:32 Section: Daily DispatchesFrom Reuters
Sunday, September 20, 2007
http://www.reuters.com/article/companyNewsAndPR/idUSL3035398220070930
TEHRAN, Iran -- An Iranian oil official predicted on Sunday that the price of WTI crude could rise to about $90 per barrel by December if the U.S. dollar continues to lose value, Iran's state broadcaster IRIB's Web site reported.
Analysts Maund, Arensberg expect gold to fall soon
Submitted by cpowell on Sun, 2007-09-30 17:23 Section: Daily Dispatches5:20p ET Sunday, September 30, 2007
Dear Friend of GATA and Gold:
Gold market analysts Clive Maund and Gene Arensberg are expecting gold to fall soon, though Arensberg acknowledges the possibility that there may be further collapse in the U.S. dollar and that this could launch gold into "the mother of all runaway breakouts."
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