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Daily Dispatches
Hedge fund investors turn to gold
Submitted by cpowell on Sun, 2009-03-08 17:32 Section: Daily DispatchesBut real metal or just manipulated paper?
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By Henny Sender and Javier Blas
Financial Times, London
Sunday, March 8, 2009
http://www.ft.com/cms/s/0/37fcba70-0c0a-11de-b87d-0000779fd2ac.html
Hedge fund investors who made money last year by betting against investment banks are now buying gold as a way of betting against central banks.
Barrick founder sets no limits on gold price
Submitted by cpowell on Sun, 2009-03-08 17:03 Section: Daily DispatchesBy William MacNamara
Financial Times, London
Sunday, March 8, 2009
http://www.ft.com/cms/s/0/1f4375ee-0c07-11de-b87d-0000779fd2ac.html?ncli...
Financial Times only pretends to report on gold market
Submitted by cpowell on Sat, 2009-03-07 14:39 Section: Daily Dispatches2:36p ET Saturday, March 7, 2009
Dear Friend of GATA and Gold:
Friday's Financial Times story by Javier Blas about the prospects for renewal of the central bank gold sales agreement, appended here, seems to go out of its way to avoid reporting anything worthwhile, even after advertising the reporter's connections to insiders.
James Saft: Only way out is to inflate and default
Submitted by cpowell on Sat, 2009-03-07 13:51 Section: Daily DispatchesLet Sleeping Shadow Banking Systems Lie
By James Saft
Reuters
Friday, March 6, 2009
http://blogs.reuters.com/great-debate/2009/03/06/let-sleeping-shadow-ban...
Rather than vainly trying to refloat the shadow banking system, the U.S. would be better off grappling with the inevitable ultimate solution -- debt destruction and inflation.
Local banks angry they're paying for Wall Street's greed
Submitted by cpowell on Sat, 2009-03-07 13:28 Section: Daily DispatchesBy Linda Shen
Bloomberg News
Friday, March 6, 2009
http://www.bloomberg.com/apps/news?pid=20601109&sid=anmrn4H8hXfw&refer=e...
TCF Financial Corp., the Wayzata, Minnesota-based bank that never made a subprime loan and hasn't lost money since 1995, is asking why it should help clean up the mess made by Wall Street.
AIG bailout is really for other big banks, like Goldman
Submitted by cpowell on Sat, 2009-03-07 12:56 Section: Daily DispatchesTop U.S., European Banks Got $50 Billion in AIG Aid
By Serena Ng and Carrick Mollenkamp
The Wall Street Journal
Saturday, March 7, 2009
Russian TV interviews GATA director on gold suppression
Submitted by cpowell on Fri, 2009-03-06 23:45 Section: Daily DispatchesBy Adrian Douglas
Friday, March 6, 2009
I am excited to report on a GATA bombshell.
GATA Chairman Murphy is keynote speaker at Bahamas conference
Submitted by cpowell on Fri, 2009-03-06 23:18 Section: Daily Dispatches11:17p ET Friday, March 6, 2009
Dear Friend of GATA and Gold:
CMRE's spring speakers include Estonian prime minister
Submitted by cpowell on Fri, 2009-03-06 17:26 Section: Daily Dispatches5:30p ET Friday, March 6, 2009
Dear Friend of GATA and Gold:
As safe as gold -- which isn't spelled 'G-L-D'
Submitted by cpowell on Thu, 2009-03-05 22:52 Section: Daily Dispatches10:45p ET Thursday, March 5, 2009
Dear Friend of GATA and Gold:
In their new essay, "As Safe as Gold," Eric Sprott and Sasha Solunac of Sprott Asset Management in Toronto make the case for the premier precious metal, and they are careful to distinguish between real metal and exchange-traded-fund metal. They write:
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