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Daily Dispatches
Rob Kirby: Suppressing interest rates, Morgan Chase is the Fed
Submitted by cpowell on Tue, 2009-08-04 14:56 Section: Daily Dispatches3p ET Tuesday, August 4, 2009
Dear Friend of GATA and Gold:
SEC to ban advance looks at stock trading orders
Submitted by cpowell on Tue, 2009-08-04 13:27 Section: Daily DispatchesBy Edgar Ortega
Bloomberg News
Tuesday, August 4, 2009
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoCJnYcSVhYk
NEW YORK -- The U.S. Securities and Exchange Commission plans to ban flash trades that give some brokerages an advance look at orders, U.S. Sen. Charles Schumer said, citing a conversation with SEC Chairman Mary Schapiro.
End the Fed? A not-so-crazy idea
Submitted by cpowell on Tue, 2009-08-04 13:10 Section: Daily DispatchesBy George Selgin
The Christian Science Monitor, Boston
Monday, August 3, 2009
China moves to internationalize its currency
Submitted by cpowell on Mon, 2009-08-03 15:16 Section: Daily DispatchesBy Leo Lewis
The Times, London
Monday, August 3, 2009
http://business.timesonline.co.uk/tol/business/economics/article6736681.ece
China is rapidly accelerating its efforts to internationalise its currency with a series of manoeuvres that could see the renminbi soar to become one of the top three traded monetary units in the world.
Ed Steer's daily commentary is at Casey site
Submitted by cpowell on Mon, 2009-08-03 13:58 Section: Daily Dispatches2p ET Monday, August 3, 2009
Dear Friend of GATA and Gold (and Silver):
Casey Research market analyst Ed Steer, a member of GATA's Board of Directors, will have his own free e-mail letter at Casey Research in a few days, but for this week his daily commentary is accessible only at the Casey Research Internet site here:
Peter Brimelow: Is gold gearing up (again) to break $1,000?
Submitted by cpowell on Mon, 2009-08-03 08:15 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Monday, August 3, 2009
http://www.marketwatch.com/story/is-gold-again-headed-for-1000-break-200...?
NEW YORK -- For the umpteenth time, gold bugs think gold may be poised to break $1,000.
The last week of July definitely lacked summer somnolence in the gold market.
Gary North: Why Bernanke is in panic mode
Submitted by cpowell on Sun, 2009-08-02 21:23 Section: Daily Dispatches9:22p ET Sunday, August 2, 2009
Dear Friend of GATA and Gold:
In his latest essay, "Why Bernanke Is in Panic Mode," financial letter writer Gary North (http://www.garynorth.com/) brilliantly exposes and demolishes the secret patronage on which the Federal Reserve system now is mainly based, patronage that risks exposure if U.S. Rep. Ron Paul's legislation to audit the Fed is ever enacted.
Wall Street benefits from Fed and Treasury
Submitted by cpowell on Sun, 2009-08-02 20:45 Section: Daily DispatchesBy Henny Sender
Financial Times, London
Sunday, August 2, 2009
http://www.ft.com/cms/s/0/ffa60e50-7f8c-11de-85dc-00144feabdc0.html
On a steamy July morning in New York recently, the US Federal Reserve, in accordance with announced plans, began purchasing $3 billion in government bonds maturing between February 2021 and 2026.
Prices rose in anticipation of the Fed move.
Wall Street makes 'luxurious' profits from trades with Fed
Submitted by cpowell on Sun, 2009-08-02 20:37 Section: Daily DispatchesBy Henny Sender
Financial Times, London
Sunday, August 2, 2009
http://www.ft.com/cms/s/0/e84383dc-7f8c-11de-85dc-00144feabdc0.html
Jay Taylor interviews James Turk on why you should save in gold
Submitted by cpowell on Sun, 2009-08-02 20:20 Section: Daily Dispatches8:15p ET Sunday, August 2, 2009
Dear Friend of GATA and Gold:
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