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Daily Dispatches
Ted Butler: Gold and silver shorts are up against the wall
Submitted by cpowell on Tue, 2008-03-04 16:14 Section: Daily Dispatches4:15p ET Tuesday, March 4, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler isn't ready to declare the gold and silver shorts beaten but he calculates that they have lost billions in recent weeks and are now "Up Against the Wall," the headline on his new commentary, which you can find at GoldSeek's companion site, SilverSeek, here:
Even thousand-dollar gold won't boost supply soon
Submitted by cpowell on Tue, 2008-03-04 15:57 Section: Daily DispatchesBy Eric Onstad
Reuters
Tuesday, March 4, 2008
http://www.reuters.com/article/hotStocksNews/idUSL0475144320080304
LONDON -- A jump in the gold price over the magical $1,000 per ounce level would not be enough to bring on a surge of new production due to uncertainty over long-term prices, logistics problems, and scarcity of projects.
Canada follows U.S. in cutting interest rates
Submitted by cpowell on Tue, 2008-03-04 15:47 Section: Daily DispatchesCanadian Dollar Falls
As Bank Reduces Rate,
Signals It's Not Done
http://www.bloomberg.com/apps/news?pid=20601082&sid=at4TCoGfb9M4
By Haris Anwar
Bloomberg News Service
Tuesday, March 4, 2008
Who wants to own the Bank of England and JPMorganChase?
Submitted by cpowell on Mon, 2008-03-03 21:06 Section: Daily DispatchesOr is running a gold cartel above the law?
* * *
Cash Reward for Cartel Tip-Offs
From the British Broadcasting Co.
Friday, February 29, 2008
http://news.bbc.co.uk/1/hi/business/7271001.stm
LONDON -- The Office of Fair Trading (OFT) is to pay up to L100,000 for tip-offs leading to action against price fixing and other anti-competitive behaviour.
Japan may move to support tumbling dollar
Submitted by cpowell on Mon, 2008-03-03 20:48 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, March 4, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/03/ccjapa...
Pressure is building in Japan for official intervention to cap the surging yen before it triggers a sharp industrial slowdown and tips the country back into slump.
ECB chief prods U.S. about 'strong dollar' and Paulson duly squeaks up
Submitted by cpowell on Mon, 2008-03-03 15:30 Section: Daily DispatchesTrichet, Juncker Signal Euro/Dollar Concern
By Huw Jones and Swaha Pattanaik
Reuters
via The Guardian, London
Monday, March 3, 2008
Ambrose Evans-Pritchard: Fed's rescue attempt has failed
Submitted by cpowell on Mon, 2008-03-03 10:40 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 3, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/03/ccview...
The verdict is in. The Fed's emergency rate cuts in January have failed to halt the downward spiral toward a full-blown debt deflation. Much more drastic action will be needed.
Gold beats other financial assets as investors seek haven
Submitted by cpowell on Sun, 2008-03-02 23:58 Section: Daily DispatchesBy Millie Munshi and Pham-Duy Nguyen
Bloomberg News Service
Monday, March 3, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aPQzstSEDLxw&refer=home
Gold, silver, platinum, and palladium may be the best-performing financial assets this year as inflation and slowing growth erode the value of the world's major currencies, bonds and stocks.
Peter Brimelow: Gold finishes a fabulous February
Submitted by cpowell on Sun, 2008-03-02 22:58 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Sunday, March 2, 2008
http://www.marketwatch.com/news/story/golds-fabulous-february/story.aspx...
NEW YORK -- Gold finishes a fabulous February, and the gold bugs' attention is turning to gold shares, and silver.
Gold upstream, poison downstream in Philippines' wild mining zone
Submitted by cpowell on Sun, 2008-03-02 21:32 Section: Daily DispatchesBy Cecil Morella
Agence France-Presse
via Yahoo News
Sunday, March 2, 2008
http://news.yahoo.com/s/afp/20080302/sc_afp/philippinesenvironmentmining...
MOUNT DIWATA, Philippines -- Fortune favours the brave in this gold rush region of the southern Philippines, but the poison that goes with the new wealth spares no one.
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