Daily Dispatches

Fed's cash injections risk eclipsing main interest rate

Submitted by cpowell on Thu, 2008-11-20 00:13 Section: Daily Dispatches

By Craig Torres
Bloomberg News
Wednesday, November 19, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=abYTR9BqGlBo&refer=home

WASHINGTON -- The Federal Reserve's efforts to rescue the U.S. from financial collapse risks the eclipse of the central bank's benchmark interest rate as the most important signal of monetary policy.

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24hGold devises trackers for real prices of gold and silver

Submitted by cpowell on Wed, 2008-11-19 15:55 Section: Daily Dispatches

By Eric Lemaire
Editor, 24hGold.com
Wednesday, November 19, 2008

Many of us precious metals watchers have been trying to find a way to apprehend the real price of gold and silver, the one us peons need to pay when we want to get our hands on the real thing.

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Adrian Douglas: The second London Gold Pool is dying

Submitted by cpowell on Wed, 2008-11-19 15:40 Section: Daily Dispatches

By Adrian Douglas

What we are seeing in the gold market now is a rerun of the failure of the London Gold Pool.

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Wachovia Securities won't broker precious metals anymore

Submitted by cpowell on Wed, 2008-11-19 15:01 Section: Daily Dispatches

3p ET Wednesday, November 19, 2008

Dear Friend of GATA and Gold:

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Cabinet minister contradicts Iranian gold claim

Submitted by cpowell on Wed, 2008-11-19 11:20 Section: Daily Dispatches

By Parisa Hafezi
Reuters
via The Guardian, London
Wednesday, November 19, 2008

http://www.guardian.co.uk/business/feedarticle/8041701

TEHRAN -- Iran is not converting reserves into gold, a cabinet minister said in remarks published on Wednesday, contradicting comments by an aide to the country's president.