Daily Dispatches

From "Midas" Commentary
by Bill Murphy
LeMetropoleCafe.com
Friday, December 12, 2008

I received a call this morning from a commodities broker who told me that the Comex is alerting various futures firms about the potential of a squeeze on the December contract and is advising the $840 December shorts to exit their positions. That is the remaining open position.

By Bertrand Benoit and James Wilson
Financial Times, London
Friday, December 12, 2008

http://www.ft.com/cms/s/0/f9569418-c84c-11dd-b86f-000077b07658.html

Germany's banking sector rescue has failed and should be modified urgently if lasting damage to the economy is to be avoided, the MPs who oversee the E500 billion ($668 billion, L449 billion) of funds warned on Friday.

4:36p ET Friday, December 12, 2008

Dear Friend of GATA and Gold:

Rob Mackinlay of Investegate has examined the latest and perhaps more serious review by the U.S. Commodity Futures Trading Commission of complaints of manipulation of the silver market. Mackinlay's report is headlined "Silver Investigation: CFTC Does U-Turn" and you can find it here:

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 11, 2008

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3710374/...

The Swiss National Bank has cut interest rates to 0.5 percent and opened the door for emergency stimulus, becoming the first country in Europe to flirt with zero policy rates.