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Daily Dispatches
New York senator urges ban on 'high-frequency' trades
Submitted by cpowell on Sat, 2009-07-25 11:36 Section: Daily DispatchesBy Edgar Ortega and Eric Martin
Bloomberg News
Saturday, July 25, 2009
http://www.bloomberg.com/apps/news?pid=20601087&sid=aO8DoToaITO8
NEW YORK -- Charles Schumer, the third-ranking Democrat in the U.S. Senate, asked the Securities and Exchange Commission to ban so-called flash orders for stocks, saying they give high-speed traders an unfair advantage.
Market manipulation and insider trading with the exchange's OK
Submitted by cpowell on Fri, 2009-07-24 20:13 Section: Daily DispatchesStock Traders Find Speed Pays, in Milliseconds
By Charles Duhigg
The New York Times
Friday, July 4, 2009
http://www.nytimes.com/2009/07/24/business/24trading.html?
It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors' orders, and, critics say, even subtly manipulate share prices.
Gold demand surges in S. Africa as bar ownership is legalized
Submitted by cpowell on Fri, 2009-07-24 11:29 Section: Daily DispatchesFrom Commodity Online
Ahmedabad, India
Wednesday, July 22, 2009
http://www.commodityonline.com/news/New-law-boosts-gold-bar-sale-in-Sout...
JOHANNESBURG, South Africa -- With the rules related to the sale of gold bars changing in South Africa, the country is witnessing a surge in bullion demand from investors.
Julian Phillips: Will big bank gold shorts be forced to cover?
Submitted by cpowell on Fri, 2009-07-24 11:07 Section: Daily Dispatches11a ET Friday, July 24, 2009
Dear Friend of GATA and Gold (and Silver):
SEC responds to GATA's complaint against Goldman Sachs
Submitted by cpowell on Thu, 2009-07-23 21:22 Section: Daily DispatchesUnited States Securities and Exchange Commission
Washington, D.C. 20549
July 20, 2009
Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
7 Villa Louisa Road
Manchester, Connecticut 06043-7541
Dear Mr. Powell:
Stewart Dougherty: Fort Knox, Fort Hocks, or Fort Shocks
Submitted by cpowell on Thu, 2009-07-23 20:05 Section: Daily Dispatches8p ET Thursday, July 23, 2009
Dear Friend of GATA and Gold:
Stewart Dougherty has written a wonderful speculation on the disposition of U.S. gold reserves, outlining the possibilities. His essay cites GATA's work, is headlined "Fort Knox, Fort Hocks, or Fort Shocks: Three United States Gold Scenarios," and can be found at GoldSeek here:
Eckart Woertz: Gulf should follow China into real assets, gold
Submitted by cpowell on Thu, 2009-07-23 08:34 Section: Daily DispatchesRevisit Investment Strategist
By Eckart Woertz
Financial Times, London
Wednesday, July 22, 2009
http://www.ft.com/cms/s/0/bf3e8d46-76cd-11de-b23c-00144feabdc0.html?
CFTC's hearings on position limits start next week
Submitted by cpowell on Wed, 2009-07-22 17:53 Section: Daily DispatchesPress Release
U.S. Commodity Futures Trading Commission
Tuesday, July 21, 2009
http://www.cftc.gov/newsroom/generalpressreleases/2009/pr5681-09.html
CFTC to Hold Three Open Hearings to Discuss Energy, Position Limits, and Hedge Exemptions
First Hearing Scheduled for July 28, 2009
Senator scolds Bernanke: You promised transparency but didn't deliver
Submitted by cpowell on Wed, 2009-07-22 17:33 Section: Daily DispatchesBernanke Resists Plan for Consumer-Products Agency
By Jeannine Aversa
Associated Press
via Yahoo News
Wednesday, July 22, 2009
Fed 'embroiled' in politics, former St. Louis Fed chief says
Submitted by cpowell on Wed, 2009-07-22 17:07 Section: Daily DispatchesBy Vincent Del Giudice and Max Raskin
Bloomberg News
Wednesday, July 22, 2009
http://www.bloomberg.com/apps/news?pid=20601087&sid=apYCNLcqHufI
WASHINGTON -- The Federal Reserve is "embroiled" in politics and has "stretched beyond reason" its authority to make loans, said William Poole, who served as president of the St. Louis Fed from 1998 to 2008.