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Daily Dispatches
William Pesek: India shows hedge-fund savvy with huge gold buy
Submitted by cpowell on Thu, 2009-11-05 03:23 Section: Daily DispatchesBy William Pesek
Bloomberg News
Thursday, November 5, 2009
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ae2wslm0YHgc
Barack Obama and Timothy Geithner must be as annoyed as they are bewildered.
FX strategists in poll expect long, slow slide for dollar
Submitted by cpowell on Wed, 2009-11-04 16:09 Section: Daily DispatchesBy Nigel Davies
Reuters
Wednesday, November 4, 2009
http://www.reuters.com/article/ousivMolt/idUSTRE5A343I20091104
LONDON -- The dollar's edge as the world's leading reserve currency will be chipped away only slowly, and it is likely to remain dominant for many years, a Reuters poll of foreign exchange strategists showed.
Morgan Chase forfeits $700 million in bribe scandal
Submitted by cpowell on Wed, 2009-11-04 13:19 Section: Daily DispatchesMorgan Settlement with SEC Worth $700 Million
By Marcy Gordon
Associated Press
via Yahoo News
Wednesday, November 4, 2009
Greg Peel: Get it India
Submitted by cpowell on Wed, 2009-11-04 00:29 Section: Daily Dispatches12:30a ET Wednesday, November 4, 2009
Dear Friend of GATA and Gold:
FNArena's Greg Peel analyzes India's huge purchase of International Monetary Fund gold and mentions GATA in passing. Peel's commentary is headlined "Get In India" and you can find it at FNArena here:
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=BD66F90B-DDAB-285C...
Mixed notices for GATA from financial letter writers
Submitted by cpowell on Tue, 2009-11-03 21:15 Section: Daily Dispatches9:20p ET Tuesday, November 3, 2009
Dear Friend of GATA and Gold:
A couple of financial letter writers took note of GATA's work today, one favorably and one unfavorably.
The favorable notice came from Lawrence Tout, editor of the Midas Letter, in his essay, "The Risk of Catastrophic Deflationary Collapse," which you can find at the Midas Letter's Internet site here:
Fred Goldstein: Cash for gold? Are you kidding?
Submitted by cpowell on Tue, 2009-11-03 20:20 Section: Daily Dispatches8:15p ET Tuesday, November 3, 2009
Dear Friend of GATA and Gold:
Gene Arensberg: Gold, silver futures in backwardation
Submitted by cpowell on Tue, 2009-11-03 18:29 Section: Daily Dispatches6:25p ET Tuesday, November 2, 2009
Dear Friend of GATA and Gold (and Silver):
IMF's gold deal with India seen supporting the price
Submitted by cpowell on Tue, 2009-11-03 08:59 Section: Daily DispatchesIndia Buys IMF Gold to Boost Reserves as Dollar Drops
By Thomas Kutty Abraham and Kim Kyoungwha
Bloomberg News
Tuesday, November 3, 2009
http://www.bloomberg.com/apps/news?pid=20601087&sid=aa6oc6Wz9Ftg&pos=5
India may buy still more gold from IMF
Submitted by cpowell on Tue, 2009-11-03 08:51 Section: Daily DispatchesBy Abhrajit Gangopadhyay and Elisabeth Berhmann
The Wall Street Journal
Tuesday, November 3, 2009
http://online.wsj.com/article/SB125722876971624729.html
NEW DELHI -- India's central bank bought 200 metric tons of gold from the International Monetary Fund last month, in the first major move by a leading central bank to diversify its foreign-exchange reserves.
India's central bank buys half of IMF's gold for sale
Submitted by cpowell on Tue, 2009-11-03 00:37 Section: Daily Dispatches8:43p ET Monday, November 2, 2009
Dear Friend of GATA and Gold:
Today's announcement by the International Monetary Fund, reported in the Bloomberg story and IMF press release appended here, that the IMF has sold to the Reserve Bank of India about half of the 400 tonnes of gold the IMF long has been planning to sell seems supportive of the gold price, at least for the moment.
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