Daily Dispatches

Toxic loans topping 5% may sink 150 banks

Submitted by cpowell on Fri, 2009-08-14 21:15 Section: Daily Dispatches

By Ari Levy
Bloomberg News
Friday, August 14, 2009

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTTT9jivRIWE

SAN FRANCISCO -- More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.

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King World News interviews GATA's Adrian Douglas

Submitted by cpowell on Fri, 2009-08-14 21:01 Section: Daily Dispatches

9p ET Friday, August 14, 2009

Dear Friend of GATA and Gold:

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Jury gets income tax case involving value of gold, silver coins

Submitted by cpowell on Thu, 2009-08-13 08:30 Section: Daily Dispatches

By Joan Whitely
Las Vegas (Nevada) Review-Journal
Thursday, August 13, 2009

http://www.lvrj.com/news/53117037.html

Jurors start deliberating today whether business owner Robert Kahre and several others willfully broke federal law by taking their pay in gold and silver coins, but reporting only the coins' modest face value on their income tax returns.

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Gene Arensberg's letter to the CFTC

Submitted by cpowell on Wed, 2009-08-12 00:19 Section: Daily Dispatches

12:10a ET Wednesday, August 12, 2009

Dear Friend of GATA and Gold (and Silver):

Read more about Gene Arensberg's letter to the CFTC

China makes unexpected grab for Canadian miner

Submitted by cpowell on Tue, 2009-08-11 23:32 Section: Daily Dispatches

By Andy Hoffman
The Globe and Mail, Toronto
Tuesday, August 11, 2009

http://www.theglobeandmail.com/report-on-business/industry-news/energy-a...

China's insatiable hunger for natural resources has officially turned hostile.

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Russia revives gold mining in its challenging Far East

Submitted by cpowell on Tue, 2009-08-11 22:50 Section: Daily Dispatches

By Robin Paxton
Reuters
Tuesday, August 11, 2009

http://www.reuters.com/article/ousiv/idUSTRE57B01E20090812

KUPOL MINE, Russia -- Every winter, an ice road is laid across 400 kilometers (250 miles) of tundra to carry supplies to one of the world's most isolated gold mines.

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A sample letter to CFTC in support of short-side position limits

Submitted by cpowell on Tue, 2009-08-11 22:14 Section: Daily Dispatches

10:08p ET Tuesday, August 11, 2009

Dear Friend of GATA and Gold (and Silver):

To make it easy for you to contact the U.S. Commodity Futures Trading Commission in support of enforcing position limits in the gold and silver futures markets, a sample letter is appended. Send yours to:

energyhearingcomments@cftc.gov

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.