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Daily Dispatches
Try chewing a steak with paper gold in your teeth
Submitted by cpowell on Fri, 2011-07-01 14:47 Section: Daily DispatchesSelling Gold Teeth to Make Ends Meet in Greece
By Daniel Flynn and Renee Maltezou
Reuters
Thursday, June 30, 2011
http://www.reuters.com/article/2011/06/30/us-greece-gold-idUSTRE75T5BL20...
ATHENS, Greece -- A smartly dressed woman waits as a young man behind a glass screen weighs her gold earrings, bracelets and rings and counts out 1,600 euros.
Michael Kosares: Who will be left holding the Old Maid card?
Submitted by cpowell on Fri, 2011-07-01 13:40 Section: Daily Dispatches1:35p ET Friday, July 1, 2011
Dear Friend of GATA and Gold:
Eric Sprott and Andrew Morris: Let the silver sellers beware
Submitted by cpowell on Thu, 2011-06-30 23:21 Section: Daily Dispatches11:21p ET Thursday, June 30, 2011
Dear Friend of GATA and Gold (and Silver)
The Comex silver futures market is a rigged one based on huge amounts of silver that don't exist, conjured by the big commercial traders, not by speculators, but the trend is turning against them, Eric Sprott and Andrew Morris of Sprott Asset Management demonstrate in a new study. They conclude:
Thom Calandra: Trawling for gold juniors in the race to $1 billion
Submitted by cpowell on Thu, 2011-06-30 22:32 Section: Daily Dispatches10:33p ET Thursday, July 30, 2011
Dear Friend of GATA and Gold (and Silver):
Central bank gold sales now seen as evidence of weakness, trader tells WSJ
Submitted by cpowell on Thu, 2011-06-30 22:25 Section: Daily DispatchesGreece Boosts Its Gold Holdings
By Rhiannon Hoyle
The Wall Street Journal
Thursday, June 30, 2011
http://online.wsj.com/article/SB1000142405270230445060457641803049365045...
Greece's central bank increased its gold reserves marginally in May, choosing not to sell some of its vast holdings as efforts continued to trim the public debt.
St. Louis Fed study says QE devalued dollar by 6.5 to 11 percent
Submitted by cpowell on Thu, 2011-06-30 22:14 Section: Daily DispatchesCan we claim that as depreciation on our income tax returns?
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St Louis Fed's Neely: QE Boosted Exports, Economy via Dollar Depreciation
By Steven K. Beckner
Market News International, New York
Thursday, June 30, 2011
Gene Arensberg: Record net short position in SLV is proper but may be rally fuel
Submitted by cpowell on Thu, 2011-06-30 11:52 Section: Daily Dispatches11:51a ET Thursday, July 30, 2011
Dear Friend of GATA and Gold (and Silver):
Treasury covered up China's excessive buying of U.S. debt
Submitted by cpowell on Thu, 2011-06-30 10:50 Section: Daily DispatchesMaybe someday Reuters will ask Treasury some gold questions too.
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U.S. Caught China Buying More Debt than Disclosed
By Emily Flitter
Reuters
Thursday, October 30, 2011
http://www.reuters.com/article/2011/06/30/us-usa-china-treasuries-idUSTR...
Christopher Barker: Lifting gold's veil of secrecy
Submitted by cpowell on Wed, 2011-06-29 22:13 Section: Daily Dispatches10:10p ET Wednesday, June 29, 2011
Dear Friend of GATA and Gold:
Writing at the Motley Fool, our friend Christopher Barker notes what may be the greatest proof of surreptitious intervention in the gold market: the secrecy surrounding central bank gold holdings and obscure transactions. Barker's essay is headlined "Lifting Gold's Veil of Secrecy" and you can find it at the Motley Fool here:
Chris Martenson: The screaming fundamentals for owning gold and silver
Submitted by cpowell on Wed, 2011-06-29 21:36 Section: Daily Dispatches9:39p ET Wednesday, June 29, 2011
Dear Friend of GATA and Gold (and Silver):
Financial writer Chris Martenson tonight attempts the comprehensive case for investing in gold and silver. But he raises and leaves unanswered a crucial question. Martenson writes: