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Daily Dispatches
James Saft: Push for auditing Fed aids gold rally
Submitted by cpowell on Tue, 2009-11-24 18:30 Section: Daily DispatchesBy James Saft
Reuters
Tuesday, November 24, 2009
http://www.reuters.com/article/americasRegulatoryNews/idUSN2326961920091124
Auditing the Federal Reserve may or may not be a good idea, but one thing seems pretty sure: just discussing it seriously will tend to drive the price of gold higher.
Peter Grandich: Gold is rising on more than dollar weakness
Submitted by cpowell on Tue, 2009-11-24 17:47 Section: Daily Dispatches5:45p ET Tuesday, November 24, 2009
Dear Friend of GATA and Gold:
FDIC insurance fund falls into red
Submitted by cpowell on Tue, 2009-11-24 17:22 Section: Daily DispatchesBy Karey Wutkowski
Reuters
Tuesday, November 24, 2009
http://www.reuters.com/article/ousivMolt/idUSTRE5AN36P20091124
WASHINGTON -- The government fund used to safeguard U.S. bank deposits tumbled to a negative balance of $8.2 billion as the number of problem banks surged in the third quarter.
Half of bank losses likely still hidden, IMF chief says
Submitted by cpowell on Tue, 2009-11-24 17:17 Section: Daily DispatchesBy Estelle Shirbon
Reuters
Tuesday, November 24, 2009
http://www.reuters.com/article/ousivMolt/idUSTRE5AN4QD20091124
PARIS -- Half the losses suffered by banks could still be hidden in their balance sheets, more so in Europe than in the United States, the International Monetary Fund's chief, Dominique Strauss-Kahn, was quoted as saying on Tuesday.
Infinite government money, bestowed with perfect secrecy
Submitted by cpowell on Tue, 2009-11-24 17:14 Section: Daily DispatchesJust like what is happening in the United States. Is this compatible with democracy?
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Bank of England Tells of Secret L62 Billion Loan to Save RBS and HBOS
By Edmund Conway and Angela Monaghan
The Telegraph, London
Tuesday, November 24, 2009
An interview with James Turk: Gold isn't an investment but money itself
Submitted by cpowell on Tue, 2009-11-24 15:49 Section: Daily Dispatches3:46p ET Tuesday, November 24, 2009
Dear Friend of GATA and Gold:
Lars Schall of the German financial Internet site MMNews has just conducted a wide-ranging interview with GoldMoney founder and GATA consultant James Turk. Much of it involves GATA's work. It's headlined "Gold Is Not an Investment; It Is Money," and you can find it at MMNews here:
A mad rush as gold bugs get the boot
Submitted by cpowell on Tue, 2009-11-24 11:55 Section: Daily DispatchesBy Carolyn Cui
The Wall Street Journal
Tuesday, November 24, 2009
http://online.wsj.com/article/SB125902295608261455.html
Fleets of armored trucks piled with gold bars and coins have been streaming out of midtown Manhattan in one unexpected consequence of the gold craze.
Developing world's central banks have plenty of room for gold
Submitted by cpowell on Mon, 2009-11-23 22:23 Section: Daily DispatchesBy James Campbell
Dow Jones Newswires
via FXStreet.com
Tuesday, November 24, 2009
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=8970ea5d-3a...
Scenes from the Munich precious metals conference
Submitted by cpowell on Mon, 2009-11-23 21:07 Section: Daily Dispatches9:05p ET Monday, November 23, 2009
Dear Friend of GATA and Gold:
CNBC's Santelli blurts it out: Central banks suppress gold
Submitted by cpowell on Mon, 2009-11-23 20:41 Section: Daily Dispatches8:37p ET Monday, November 23, 2009
Dear Friend of GATA and Gold:
Tin-foil hats are suddenly in fashion, with the latest one being worn by none other than CNBC on-air editor Rick Santelli, who donned his early this morning on the business news network's "Trading Block" program.
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