Daily Dispatches

Emergency interest rate cut possible, Goldman Sachs says

Submitted by cpowell on Mon, 2008-03-10 21:01 Section: Daily Dispatches

By Richard Leong
Reuters
Monday, March 10, 2008

http://www.reuters.com/article/ousiv/idUSNYE00023720080310

NEW YORK -- An emergency interest rate cut from the Federal Reserve is possible ahead of its March 18 policy meeting, according to a Goldman Sachs research note on Monday.

Goldman said its view on Fed policy changed on Friday.

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Billionaire investor Ross sees bank failures ahead

Submitted by cpowell on Mon, 2008-03-10 16:36 Section: Daily Dispatches

From CNBC
Monday, March 10, 2008

http://www.cnbc.com/id/23557115/site/14081545

Billionaire investor Wilbur Ross says the current market downturn differs from previous slumps in that no
American banks have yet failed this time, but he suggests that's about to change.

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James Turk: A record new low for the dollar

Submitted by cpowell on Mon, 2008-03-10 12:12 Section: Daily Dispatches

12:05p ET Monday, March 10, 2008

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk says there's an "eerie silence" as the U.S. dollar makes record lows, but those lows are there all the same. Turk's new analysis, "A Record New Low for the Dollar," can be found in the "Founder's Commentary" section in the third column of the GoldMoney home page here:

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Downturn tests Fed's ability to avert a crisis

Submitted by cpowell on Sun, 2008-03-09 22:07 Section: Daily Dispatches

By Vikas Bajaj
The New York Times
Sunday, March 9, 2008

http://www.nytimes.com/2008/03/09/business/09econ.html?_r=2&ref=business...

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Gene Arensberg: Commercial gold and silver traders duck and cover

Submitted by cpowell on Sun, 2008-03-09 21:34 Section: Daily Dispatches

9:30p ET Sunday, March 9, 2008

Dear Friend of GATA and Gold:

Gene Arensberg's "Got Gold Report" at Resource Investor sees some evidence that the large commercial traders are covering short positions in gold and silver on the commodities exchange. You can find Arensberg's report, headlined "COMEX Commercial Gold, Silver Traders Duck and Cover," here:

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David Morgan: Is silver the sleeper?

Submitted by cpowell on Sat, 2008-03-08 17:15 Section: Daily Dispatches

5:15p ET Saturday, March 8, 2008

Dear Friend of GATA and Gold:

Silver market analyst David Morgan of the Silver Investor letter does some informed musing on the white metal's price potential as the dollar-based international financial system unravels. Morgan's commentary is headlined "Is Silver the Sleeper?" and you can find it at GoldSeek's companion site, SilverSeek, here:

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Dan Norcini: Silver longs again failed to go in for the kill

Submitted by cpowell on Sat, 2008-03-08 12:09 Section: Daily Dispatches

By Dan Norcini
www.JSMineSet.com
Friday, March 7, 2008

I mentioned last week that I would be eagerly awaiting today's release of the commitment of traders data so that we might perhaps get a better look at what is happening inside the gold and silver markets. You might want to reference the charts as you look this over.

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Wall Street banks face 'systemic margin call,' Morgan warns

Submitted by cpowell on Sat, 2008-03-08 10:11 Section: Daily Dispatches

By Walden Siew
Reuters
Saturday, March 8, 2008

http://www.reuters.com/article/ousiv/idUSN0832645120080308

NEW YORK -- Wall Street banks are facing a "systemic margin call" that may deplete them of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co. said in a report late on Friday.