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Daily Dispatches
Sinclair helps you take metal off exchanges; he'll do it too
Submitted by cpowell on Fri, 2008-10-31 18:01 Section: Daily Dispatches6p ET Friday, October 31, 2008
Dear Friend of GATA and Gold:
GMAC aims to become bank, tap U.S. Treasury for cash
Submitted by cpowell on Thu, 2008-10-30 23:27 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Thursday, October 30, 2008
http://www.reuters.com/article/ousiv/idUSTRE49U0F620081031
NEW YORK -- GMAC LLC, the money-losing auto finance and mortgage provider, on Thursday confirmed it was seeking to become a bank holding company and said it plans to overhaul and slash its debt load, barely four months after completing a $60 billion refinancing package.
IMF denies selling or leasing gold this year
Submitted by cpowell on Thu, 2008-10-30 18:46 Section: Daily Dispatches6:45p ET Thursday, October 30, 3008
Dear Friend of GATA and Gold:
In response to an inquiry from GATA, the International Monetary Fund today told the office of U.S. Rep. John B. Larson, D-Connecticut, that it has not sold, leased, or lent gold this year and, indeed, has not done so since 1999.
The IMF referred Larson's office to three documents for further information.
Fed official can see interest rates close to zero
Submitted by cpowell on Thu, 2008-10-30 17:59 Section: Daily DispatchesBy Vivien Lou Chen
Bloomberg News
Thursday, October 30, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.VDZUEW6e2M&refer=home
SAN FRANCISCO -- Federal Reserve Bank of San Francisco President Janet Yellen said the central bank may cut the benchmark interest rate close to zero percent from the current 1 percent level should the economy remain weak.
Japan's desperate bid to kick-start economy
Submitted by cpowell on Thu, 2008-10-30 17:52 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, October 30, 3008
http://www.telegraph.co.uk/news/worldnews/asia/japan/3286794/Japans-desp...
AngloGold, Newmont CEOs cite gold production decline
Submitted by cpowell on Thu, 2008-10-30 17:41 Section: Daily Dispatches5:40p ET Thursday, October 30, 2008
Dear Friend of GATA and Gold:
John Peterson: War of the (gold) worlds
Submitted by cpowell on Wed, 2008-10-29 15:52 Section: Daily Dispatches3:48p ET Wednesday, October 29, 2008
Dear Friend of GATA and Gold:
Wanted: Investors for film on gold's role as money
Submitted by cpowell on Mon, 2008-10-27 19:49 Section: Daily DispatchesBy James West
www.MidasLetter.com
Monday, October 27, 2008
The campaign of disinformation and perception management continuously undermining gold's natural role in the financial universe inflicts damage on the economy, the scope of which we are now finally understanding.
IMF may need to 'print money' as crisis spreads
Submitted by cpowell on Mon, 2008-10-27 19:32 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 27, 2008
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/326966...
Gene Arensberg: Shorts covering, battered miners mum
Submitted by cpowell on Mon, 2008-10-27 14:20 Section: Daily Dispatches2p ET Monday, October 27, 2008
Dear Friend of GATA and Gold:
In his new "Got Gold Report" at Resource Investor, Gene Arensberg reports that the large commercial traders in silver are now the least short in silver on the commodities exchange than they have been in years.
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