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Daily Dispatches
FOFOA: Who is draining GLD? Probably giants who want metal
Submitted by cpowell on Sat, 2011-01-29 20:22 Section: Daily Dispatches1:20a GMT Sunday, January 30, 2011
Dear Friend of GATA and Gold:
Kitco News reports on GATA's lawsuit seeking Fed's gold records
Submitted by cpowell on Sat, 2011-01-29 15:10 Section: Daily Dispatches8p GMT Saturday, January 29, 2011
Dear Friend of GATA and Gold:
Kitco News reports this weekend about GATA's lawsuit against the Federal Reserve in U.S. District Court for the District of Columbia, which seeks access to the Fed's gold records. You can find the story here:
http://www.kitco.com/reports/KitcoNews20110128CT_focus.html
CHRIS POWELL, Secretary/Treasurer
Silver futures trading has nothing to do with metal's real price, Sprott says
Submitted by cpowell on Sat, 2011-01-29 14:39 Section: Daily Dispatches7:37p GMT Saturday, January 29, 2011
Dear Friend of GATA and Gold (and Silver):
Silver shortage, bond market manipulation figure in metals wrap at KWN
Submitted by cpowell on Sat, 2011-01-29 14:09 Section: Daily Dispatches7:08p GMT Saturday, January 29, 2011
Dear Friend of GATA and Gold (and Silver):
Bet on gold nets Paulson $5 billion
Submitted by cpowell on Sat, 2011-01-29 05:41 Section: Daily DispatchesBy Azam Ahmed and Julie Creswell
The New York Times
Saturday, January 29, 2011
http://www.nytimes.com/2011/01/29/business/29paulson.html?adxnnl=1&adxnn...
John A. Paulson made $4 billion betting against newfangled mortgage investments. But he made even more betting on an old-fashioned investment: gold.
Gold's fundamentals unchanged, debt must be written off, Rickards tells King World News
Submitted by cpowell on Fri, 2011-01-28 07:33 Section: Daily Dispatches12:30p GMT Friday, January 28, 2011
Dear Friend of GATA and Gold:
Market analyst James G. Rickards of Omnis Inc. in Virginia tells King World News that gold's recent dip is irrelevant to the metal's fundamentals and that the only way out of the worldwide economic depression is debt devaluation. The interview is 11 minutes long and you can listen to it at King World News here:
Silver bars likely to be gone within days, dealer tells King World News
Submitted by cpowell on Fri, 2011-01-28 07:14 Section: Daily Dispatches12:10p GMT Friday, January 28, 2011
Dear Friend of GATA and Gold (and Silver):
Interviewed by King World News, Bill Haynes of CMI Gold and Silver in Phoenix reports immense tightness in silver and predicts that hundred-ounce silver bars are likely to be out of stock within days. You can read excerpts from the interview at the King World News blog here:
Money's not worth paper it's printed on, China Investment Corp. exec says
Submitted by cpowell on Fri, 2011-01-28 07:04 Section: Daily DispatchesChina Investment Head Gao Says Quantitative Easing Devaluing Paper Money
By Simon Kennedy
Bloomberg News
Thursday, January 27, 2011
http://www.bloomberg.com/news/2011-01-27/china-s-gao-says-quantitative-e...
Chinese rating agency blames U.S. for debt-depreciating 'credit war'
Submitted by cpowell on Fri, 2011-01-28 06:52 Section: Daily DispatchesBy Zhou Xin and Kevin Yao
Reuters
Friday, January 28, 2011
http://www.reuters.com/article/2011/01/28/us-china-usa-rating-idUSTRE70R...
BEIJING -- The United States is effectively printing cheap dollars as it implements an ultra-loose policy to spur its flagging economy, setting the stage for "a world credit war," a Chinese rating agency said on Friday.
Gold futures trader's withdrawal spooks market
Submitted by cpowell on Fri, 2011-01-28 06:28 Section: Daily DispatchesSmall Trader Makes Big Waves
By Carolyn Cui and Gregory Zuckerman
The Wall Street Journal
Friday, January 28, 2011
http://online.wsj.com/article_email/SB1000142405274870339920457610846381...
A huge trade by a tiny hedge fund has sent shudders through the gold market.
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