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Daily Dispatches
Bond and Phillips note GATA, Butler in commentary on silver litigation
Submitted by cpowell on Sat, 2010-10-30 12:08 Section: Daily Dispatches11a CT Saturday, October 30, 2010
Dear Friend of GATA and Gold (and Silver):
Citing the work of GATA and silver market analyst Ted Butler, David Bond of Silverminers.com and Julian Phillips of the Gold Forecaster have taken note of the prospect of CFTC enforcement and federal lawsuits against investment banks Morgan Chase and HSBC over manipulation of the silver market.
Haynes, Norcini, Arensberg wrap up precious metals' week at King World News
Submitted by cpowell on Sat, 2010-10-30 11:42 Section: Daily Dispatches10:40a CT Saturday, October 30, 2010
Dear Friend of GATA and Gold (and Silver):
The weekly precious metals wrapup commentary at King World News features Bill Haynes of CMI Gold & Silver in Phoenix, Dan Norcini of JSMineSet.com, and the Got Gold Report's Gene Arensberg. You can listen to it here:
IMF's gold sales rose sharply in September
Submitted by cpowell on Sat, 2010-10-30 02:37 Section: Daily DispatchesBy Pedro da Costa and Emily Kaiser
Reuters
Friday, October 29, 2010
http://www.reuters.com/article/idUSWEN216120101029
WASHINGTON -- The International Monetary Fund sold 1.04 million ounces (32.3 tons) of gold in September, well above the amount sold in August, an IMF spokesman said on Friday.
Vietnam orders banks to stop acting like LBMA members
Submitted by cpowell on Fri, 2010-10-29 10:09 Section: Daily DispatchesVietnam Stops Banks from Using Gold Deposits to Fund Loans
By John Ruwitch and Ho Binh Minh
Reuters
Friday, October 29, 2010
http://www.reuters.com/article/idUSHAN46777220101029
Vietnam's central bank has stopped banks from selling gold deposited by customers and using the funds for loans or for converting into foreign currencies, partly to help take downward pressure off the dong.
Sprott Physical Silver Trust lists in New York and Toronto
Submitted by cpowell on Fri, 2010-10-29 09:56 Section: Daily DispatchesBy John McCrank
Reuters
Friday, October 29, 2010
http://www.reuters.com/article/idUSN2920728520101029
Sprott Inc., the Canadian fund manager specializing in resource investments, said on Friday that it planned to raise $500 million in the initial public offering of the Sprott Physical Silver Trust.
The offering will consist of 50 million units priced at $10 each.
Sprott's Embry interviewed by King World News
Submitted by cpowell on Fri, 2010-10-29 09:33 Section: Daily Dispatches8:30a CT Friday, October 29, 2010
Dear Friend of GATA and Gold (and Silver):
Sprott Asset Management's chief investment strategist, John Embry, covers many topics related to gold and silver in a 14-minute interview today with Eric King of King World News, which you can listen to at the King World News Internet site here:
John Hathaway: Gold will outlive dollar once slaughter comes
Submitted by cpowell on Fri, 2010-10-29 00:47 Section: Daily DispatchesBy John Hathaway
via Bloomberg News
Friday, October 29, 2010
http://www.bloomberg.com/news/2010-10-29/gold-will-outlive-dollar-once-s...
At last GATA makes it into Forbes. What's next -- Field & Stream?
Submitted by cpowell on Thu, 2010-10-28 17:06 Section: Daily DispatchesTraders Accuse HSBC, JPMorgan Of Silver Manipulation
Lawsuits Allege Banks Manipulated Futures Trading by Amassing 'Enormous Short Positions
By Parmy Olson
Forbes.com
Thursday, October 27, 2010
http://www.forbes.com/2010/10/28/hsbc-jpmorgan-silver-markets-commoditie...
NY Fed overstated gold depositors and their holdings, FT discovers
Submitted by cpowell on Thu, 2010-10-28 16:30 Section: Daily DispatchesOnce again official gold data of long standing is shown to be no good. And suddenly the Financial Times is demonstrating a little curiosity.
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Chink of Light Shed on New York Fed Gold
By Jack Farchy
Financial Times, London
Thursday, October 28, 2010
http://www.ft.com/cms/s/0/15bc74ea-e2b0-11df-8a58-00144feabdc0.html
Silver manipulation lawsuit posted at GATA's Internet site
Submitted by cpowell on Thu, 2010-10-28 15:51 Section: Daily Dispatches2:41p CT Thursday, October 28, 2010
Dear Friend of GATA and Gold (and Silver):
A copy of the silver market manipulation lawsuit filed yesterday in U.S. District Court for the Southern District of New York against J.P. Morgan Chase & Co. and HSBC Bank has been posted at GATA's Internet site here:
http://www.gata.org/files/SilverManipulationLawsuit-10-27-2010.pdf