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Daily Dispatches
Big traders' gold short-covering is largest in 5 years, GGR says
Submitted by cpowell on Fri, 2012-03-09 17:01 Section: Daily Dispatches4:56p ET Friday, March 9, 2012
Dear Friend of GATA and Gold:
A flash from Gene Arensberg at the Got Gold Report says the big commercial traders in gold and silver used the recent plunge in prices to cover a lot of their short positions. Arensberg writes that the short-covering by the big traders in gold was the largest in almost five years. The flash is posted at the Got Gold Report here:
Gold much undervalued, First Eagle's Eveillard tells King World News
Submitted by cpowell on Fri, 2012-03-09 16:52 Section: Daily Dispatches4:50p ET Friday, March 9, 2012
Dear Friend of GATA and Gold:
Greece deal triggers $3 billion in default swaps, ISDA says
Submitted by cpowell on Fri, 2012-03-09 16:38 Section: Daily DispatchesBy Abigail Moses
Bloomberg News
Friday, March 9, 2012
http://www.bloomberg.com/news/2012-03-09/greek-debt-deal-might-trigger-3...
Greece's use of collective action clauses forcing investors to take losses under its debt restructuring triggers payouts on $3 billion of default insurance, the International Swaps & Derivatives Association said.
Physical gold market pushing back against paper, Gabelli's Bryan says
Submitted by cpowell on Fri, 2012-03-09 13:57 Section: Daily Dispatches1:55p ET Friday, March 9, 2012
Dear Friend of GATA and Gold:
Gabelli Gold Fund manager Caesar Bryan today tells King World News that the gold market seems to have turned upward again, thanks to the buying of real metal in London, which is starting to overcome the price suppression of the paper futures market. An excerpt from the interview is posted at the King World News blog here:
Peter Brimelow: Gold bugs digging out, again
Submitted by cpowell on Fri, 2012-03-09 11:20 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Thursday, March 8, 2012
http://www.marketwatch.com/story/gold-bugs-digging-out-again-2012-03-08
NEW YORK -- Last week was heartbreaking for the gold bugs, not for the first time. But they're digging out, again.
A week ago, on Feb. 28, gold, gold shares and silver all saw 2012 highs and appeared to be headed for dramatic chart breakouts.
Banks shouldn't be both judge and jury on credit defaults
Submitted by cpowell on Fri, 2012-03-09 11:10 Section: Daily DispatchesBy the Bloomberg News Editorial Board
Bloomberg News
Wednesday, March 7, 2012
http://www.bloomberg.com/news/2012-03-08/banks-shouldn-t-be-both-judge-a...
Imagine you bought a house and, to insure it, you had to purchase coverage from the homebuilder.
Central banks squelch gold to protect QE, Sinclair tells King World News
Submitted by cpowell on Thu, 2012-03-08 16:50 Section: Daily Dispatches4:45p ET Thursday, March 8, 2012
Dear Friend of GATA and Gold:
German newspaper faults secrecy around Germany's gold in New York
Submitted by cpowell on Thu, 2012-03-08 13:42 Section: Daily Dispatches3,401 Tonnes of Gold:
Picture the Gold Treasure of the Germans in New York
By Ralf Schuler
BILD, Berlin
Tuesday, March 6, 2012
http://www.bild.de/geld/wirtschaft/edelmetalle-gold/bild-beim-gold-schat...
Greek bailout will crash, gold 'correction' is over anyway, von Greyerz says
Submitted by cpowell on Thu, 2012-03-08 12:56 Section: Daily Dispatches12:52p ET Thursday, March 8, 2012
Dear Friend of GATA and Gold:
Silver smashdown costing shorts a lot of metal, KWN's London trader says
Submitted by cpowell on Thu, 2012-03-08 00:21 Section: Daily Dispatches12:15a ET Wednesday, March 7, 2012
Dear Friend of GATA and Gold:
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