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Daily Dispatches
Yikes! Time to sell? FT publishes commentary favorable to gold
Submitted by cpowell on Wed, 2010-10-27 15:00 Section: Daily DispatchesChina Is Key to Next Rally in Gold Prices
By David Hale
Financial Times, London
Wednesday, October 27, 2010
http://www.ft.com/cms/s/0/0945597e-e1c6-11df-b71e-00144feabdc0.html
Gene Arensberg: Silver is strong mainly because it's remonetizing
Submitted by cpowell on Wed, 2010-10-27 11:46 Section: Daily Dispatches10:40a ET Wednesday, October 27, 2010
Dear Friend of GATA and Gold (and Silver):
Thanking Bart Chilton
Submitted by cpowell on Wed, 2010-10-27 11:29 Section: Daily Dispatches11:22a ET Wednesday, October 27, 2010
Dear Friend of GATA and Gold (and Silver):
JSMineSet.com's market analyst, Dan Norcini, yesterday urged precious metals investors to thank CFTC Commissioner Bart Chilton for his advancing the issue of silver market manipulation:
http://jsmineset.com/2010/10/26/hourly-action-in-gold-from-trader-dan-362/
China's commerce minister says dollar printing is 'out of control'
Submitted by cpowell on Wed, 2010-10-27 10:34 Section: Daily DispatchesBy Simon Rabinovitch
Reuters
Tuesday, October 26, 2010
http://uk.reuters.com/article/idUKTRE69P3S020101026
BEIJING -- Dollar issuance by the United States is "out of control," leading to an inflation assault on China, the Chinese commerce minister said in comments reported on Tuesday.
More clamor for China to build its gold reserves
Submitted by cpowell on Wed, 2010-10-27 10:27 Section: Daily DispatchesBy Zhou Xin and Ken Wills
Reuters
Wednesday, October 27, 2010
http://af.reuters.com/article/metalsNews/idAFTOE69P08W20101027
BEIJING -- China should significantly boost the amount of gold held in state reserves, a newspaper run by China's Ministry of Commerce said on Wednesday, citing a local researcher.
Wall Street Journal discovers silver-rigging controversy
Submitted by cpowell on Wed, 2010-10-27 10:08 Section: Daily DispatchesSilver Market Probe: Act Now, CFTC Is Urged
By Susan Pulliam and Carolyn Cui
The Wall Street Journal
Wednesday, October 27, 2010
http://online.wsj.com/article/SB1000142405270230334190457557620331005604...
A Commodity Futures Trading Commission regulator is putting pressure on the agency to take action in a high-profile, 2-year-old investigation of the silver market.
Dan Norcini: Thanks to Chilton, off with the tin-foil hats
Submitted by cpowell on Tue, 2010-10-26 17:26 Section: Daily Dispatches4:21p CT Tuesday, October 26, 2010
Dear Friend of GATA and Gold (and Silver):
JSMineSet.com market analyst Dan Norcini this evening has compliments for CFTC Commissioner Bart Chilton and for GATA as well as a result of Chilton's public statement today about manipulation of the silver market. Norcini urges precious metals investors to send their thanks to Chilton and adds:
Financial Times: CFTC puts spotlight on silver trades
Submitted by cpowell on Tue, 2010-10-26 15:03 Section: Daily DispatchesBy Gregory Meyer and Jack Farchy
Financial Times, London
Tuesday, October 26, 2010
http://www.ft.com/cms/s/0/3f5faf38-e125-11df-90b7-00144feabdc0.html
A senior US commodities regulator has alleged fraud in silver trading more than two years after investigators began a probe into the market.
CityWire in London notes CFTC Commissioner Chilton's statement
Submitted by cpowell on Tue, 2010-10-26 14:52 Section: Daily Dispatches1:47p CT Tuesday, October 26, 2010
Dear Friend of GATA and Gold (and Silver):
Rob Mackinlay of CityWire in London has followed up on CFTC Commissioner Bart Chilton's remarks today, getting comment from silver market analyst Ted Butler and your secretary/treasurer. The CityWire story is headlined "Price of Silver Has Been Subject to Attempted Manipulation" and you can find it here:
Commissioner Chilton's statement on silver market rigging
Submitted by cpowell on Tue, 2010-10-26 13:01 Section: Daily DispatchesStatement of Commissioner Bart Chilton
U.S. Commodity Futures Trading Commission
Public Hearing on Anti-Manipulation and Disruptive Trading Practices
Washington, D.C.
Tuesday, October 26, 2010
http://www.cftc.gov/PressRoom/SpeechesTestimony/chiltonstatement102610.html
I take this opportunity to comment on the precious metals markets and in particular the silver markets.