Daily Dispatches

Murray Pollitt: A 'New Bretton Woods' is likely to remonetize gold

Submitted by cpowell on Tue, 2008-11-04 17:34 Section: Daily Dispatches

5:35p ET Tuesday, November 4, 2008

Dear Friend of GATA and Gold:

In a letter to clients today, Murray Pollitt of Pollitt & Co. in Toronto reflects on what a "new Bretton Woods" agreement would mean -- very possibly the formal remonetization of gold among the nations. You can read Pollitt's letter in PDF format here:

http://www.gata.org/files/Pollitt-11-04-2008.pdf

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Ted Butler and Izzy Frieman: More signs of a silver shortage

Submitted by cpowell on Tue, 2008-11-04 14:00 Section: Daily Dispatches

2p ET Tuesday, Noveber 4, 2008

Dear Friend of GATA and Gold:

Silver market analyst and GATA consultant Ted Butler joins his mentor, Israel Friedman, in a new essay at GoldSeek's companion site, SilverSeek: "More Signs of a Silver Shortage." They believe that silver inventories on the Comex are being drained. You can find their commentary here:

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Paul Craig Roberts: The world tires of dollar hegemony

Submitted by cpowell on Mon, 2008-11-03 21:41 Section: Daily Dispatches

By Paul Craig Roberts
Creators Syndicate, Los Angeles
Monday, November 3, 2008

http://www.creators.com/opinion/paul-craig-roberts.html?columnsName=pcr

What explains the paradox of the dollar's sharp rise in value against other currencies (except the Japanese yen) despite disproportionate U.S. exposure to the worst financial crisis since the Great Depression?

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Will world swallow another half-trillion in U.S. Treasuries this quarter?

Submitted by cpowell on Mon, 2008-11-03 16:02 Section: Daily Dispatches

U.S. to Borrow Record $550 Billion This Quarter, Treasury Says

By Rebecca Christie and John Brinsley
Bloomberg News
Monday, November 3, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=afv3_LLd7wiM&refer=home

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Sinclair helps you take metal off exchanges; he'll do it too

Submitted by cpowell on Mon, 2008-11-03 14:58 Section: Daily Dispatches

3p ET Monday, November 3, 2008

Dear Friend of GATA and Gold:

Jim Sinclair's Internet site was taken out of service for updating over the weekend and as a result many of you were not able to see the two posts there that were cited in Friday's dispatch. But today the Sinclair site is operating again, new and improved, so let's repeat.

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Coin dealers puzzled as paper gold falls amid real gold's scarcity

Submitted by cpowell on Mon, 2008-11-03 11:11 Section: Daily Dispatches

The New Gold Rush: Supply of Coins Tight at Tucson Stores

By Dan Sorenson
Arizona Daily Star, Tucson
Sunday, November 2, 2008

http://www.azstarnet.com/sn/business/265218.php

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James Turk: Gold is still in an uptrend

Submitted by cpowell on Mon, 2008-11-03 10:58 Section: Daily Dispatches

10:56a ET Monday, November 3, 2008

Dear Friend of GATA and Gold:

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The Fed as central bank to the world

Submitted by cpowell on Mon, 2008-11-03 00:58 Section: Daily Dispatches

By Jacqueline Thorpe
Financial Post / National Post, Toronto
Sunday, November 02, 2008

http://www.financialpost.com/news/story.html?id=927271

Nicolas Sarkozy may be pushing for a new financial order but Federal Reserve Chairman Ben Bernanke and U.S. Treasury Secretary Henry Paulson have beaten him to it.