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Daily Dispatches
Heavy secret gold leasing may explain disparity in gold prices
Submitted by cpowell on Fri, 2008-10-17 14:55 Section: Daily Dispatches2:53p ET Friday, October 17, 2008
Dear Friend of GATA and Gold:
MineWeb's Lawrence Williams interviews Jeff Nichols of American Precious Metals advisers about gold's decline on the commodities exchanges even as demand for the metal explodes, and they come up with a likely explanation -- heavy surreptitious gold leasing by central banks.
More on the strange disparities in gold, silver markets
Submitted by cpowell on Fri, 2008-10-17 14:21 Section: Daily Dispatches2:18p ET Friday, October 17, 2008
Dear Friend of GATA and Gold:
Two more market analysts have taken detailed note of the great and strange disparities in the gold and silver markets.
At Seeking Alpha, Tim Iacono's analysis is headlined "Gap Between Paper and Physical Prices Widening Daily," and you can find it here:
Daily bank borrowing from Fed rises to $438 billion
Submitted by cpowell on Thu, 2008-10-16 22:54 Section: Daily DispatchesGovernments Step Up Credit Fight; Banks Line Up at Fed
By Jamie McGeever and Richard Leong
Reuters
Thursday, October 16, 2008
http://www.reuters.com/article/gc06/idUSTRE49F9H220081016
LONDON -- Most interbank lending rates fell on Thursday in the wake of more steps by central banks to provide funds, improve bank balance sheets, and open up credit lines to cash-strapped institutions.
Fears of Lehman's CDS derivatives haunt markets
Submitted by cpowell on Thu, 2008-10-16 22:43 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, October 17, 2008
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/321164...
Huge demand fills Zurich bank's gold ETF vault
Submitted by cpowell on Wed, 2008-10-15 15:33 Section: Daily DispatchesBy Rachel Graham
Bloomberg News
Wednesday, October 15, 2008
http://www.bloomberg.com/apps/news?pid=20601085&sid=aC3aEDKR2XPs
Zuercher Kantonalbank, the Swiss lender that manages about $107 billion, said its gold vault is full after a surge in demand from investors seeking a haven during the credit crunch.
Daniel Gschwend: Time running out for gold manipulation
Submitted by cpowell on Wed, 2008-10-15 11:09 Section: Daily Dispatches11:08a ET Wednesday, October 15, 2008
Dear Friend of GATA and Gold:
U.S. Government could guarantee $2 trillion for banks
Submitted by cpowell on Tue, 2008-10-14 20:52 Section: Daily DispatchesBy Marcy Gordon
Associated Press
via Yahoo News
Tuesday, October 14, 2008
http://biz.yahoo.com/ap/081014/fdic_bank_guarantees.html?.v=3
WASHINGTON -- The government may guarantee nearly $2 trillion in U.S. banks' debt and deposit accounts for more than three years in an effort to break the crippling logjam in bank-to-bank lending.
Trillions out the door, ECB chief urges 'discipline'
Submitted by cpowell on Tue, 2008-10-14 20:18 Section: Daily DispatchesTrichet Urges Return to 'Discipline' of Bretton Woods
By John Fraher and Gabi Thesing
Bloomberg News
Tuesday, October 14, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6_H1g.7y7AU&refer=home
Unlimited dollars available to Japanese banks
Submitted by cpowell on Tue, 2008-10-14 18:01 Section: Daily DispatchesBank of Japan Offers Unlimited Dollars to Banks
By Mayumi Otsuma
Bloomberg News
Wednesday, October 15, 2008
http://www.bloomberg.com/apps/news?pid=20601080&sid=adK4MaqnHpnU&refer=asia
TOKYO -- The Bank of Japan said it will offer lenders as many dollars as they want, joining European counterparts in attempting to lower borrowing costs in money markets and freeing up credit worldwide.
Toni Straka: Gold bullion shortage, spot prices in contradiction
Submitted by cpowell on Tue, 2008-10-14 08:30 Section: Daily Dispatches8:25a ET Tuesday, October 14, 2008
Dear Friend of GATA and Gold:
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