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Daily Dispatches

Bond and Phillips note GATA, Butler in commentary on silver litigation

Section: Daily Dispatches

11a 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

Section: Daily Dispatches

10:40a 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

Vietnam 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

8:30a 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:

At last GATA makes it into Forbes. What's next -- Field & Stream?

Section: Daily Dispatches

Traders 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

Section: Daily Dispatches

Once 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

Section: Daily Dispatches

2:41p 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

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