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Daily Dispatches
Gene Arensberg: Comex commercials position for gold, silver correction
Submitted by cpowell on Wed, 2009-12-02 16:35 Section: Daily Dispatches4:30p ET Wednesday, December 2, 2009
Dear Friend of GATA and Gold (and Silver):
After quietly doubling reserves, China is wary of gold 'bubble'
Submitted by cpowell on Wed, 2009-12-02 16:24 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, December 2, 2009
http://www.telegraph.co.uk/finance/china-business/6712676/China-wary-of-...
The Chinese authorities have given the clearest indication to date that they view the surge in gold to an all-time high of $1,217 (L730) an ounce as a speculative frenzy.
Barrick says it has eliminated gold hedges
Submitted by cpowell on Tue, 2009-12-01 08:50 Section: Daily DispatchesBy Euan Rocha
Reuters
Tuesday, December 1, 2009
http://www.reuters.com/article/marketsNews/idAFN0148789420091201
TORONTO -- Barrick Gold Corp. said today it has completed the elimination of all of its gold hedges as planned, a move that should remove what has been a big drag on its shares.
James Turk: Fed is now 'buyer of last resort'
Submitted by cpowell on Mon, 2009-11-30 22:34 Section: Daily Dispatches10:30p ET Monday, November 30, 2009
Dear Friend of GATA and Gold:
A grudging acknowledgement of gold market manipulation
Submitted by cpowell on Mon, 2009-11-30 22:13 Section: Daily Dispatches10:10p ET Monday, November 30, 2009
Dear Friend of GATA and Gold:
Another important acknowledgement of manipulation of the gold and silver markets was published today -- and by a long-time disparager of suggestions of manipulation.
Dubai woes seen as China's opportunity to buy gold, oil
Submitted by cpowell on Mon, 2009-11-30 08:14 Section: Daily DispatchesBy Lucy Hornby and Langi Chiang
Reuters
via ABC News, New York
Sunday, November 29, 2009
http://abcnews.go.com/Business/wireStory?id=9202792
BEIJING -- Dubai's debt crisis could be China's opportunity to snap up gold and oil assets, a senior Chinese official said in remarks published on Monday.
Is everybody buying gold -- or selling?
Submitted by cpowell on Sun, 2009-11-29 19:05 Section: Daily DispatchesGold Acquires New Investment Aura
By James Quinn
The Telegraph, London
Sunday, November 29, 2009
http://www.telegraph.co.uk/finance/businesslatestnews/6685093/Gold-acqui...
When HSBC closes its vaults to hundreds of American gold bugs (investors) next July, it will be shutting the door on one of the fastest growing trends in the investment community.
UAE central bank creates emergency cash fund for banks
Submitted by cpowell on Sun, 2009-11-29 11:40 Section: Daily DispatchesBy Martin Dokoupil and Raissa Kasolowsky
Reuters
Sunday, November 29, 2009
http://www.reuters.com/article/ousivMolt/idUSTRE5AS11O20091129
DUBAI -- The United Arab Emirates' central bank set up an emergency facility on Sunday to support bank liquidity in the first policy response to Dubai's debt woes that threatened to paralyze lending and derail economic recovery.
James Turk: With much volatility, gold at $1,200-$1,400 by year-end
Submitted by cpowell on Sat, 2009-11-28 21:36 Section: Daily Dispatches9:35p ET Saturday, November 28, 2009
Dear Friend of GATA and gold:
GoldMoney founder and GATA consultant James Turk has posted his latest gold price prediction: $1,200 to $1,400 by year-end but with great volatility and likely a dip this week to test support at around $1,150. You can find Turk's analysis at the Free Gold Money Report Internet site here:
Liam Halligan: Benign neglect may transform dollar from safe to danger
Submitted by cpowell on Sat, 2009-11-28 16:41 Section: Daily DispatchesBy Liam Halligan
The Telegraph, London
Saturday, November 28, 2009
http://www.telegraph.co.uk/finance/economics/6678334/Benign-neglect-may-...
The US government is shouldering a vast $12 trillion debt pile – that's 12, followed by 12 zeros.