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Daily Dispatches
Rob Kirby: Backwardation -- facts from fiction
Submitted by cpowell on Mon, 2008-12-08 20:34 Section: Daily Dispatches8:33p ET Monday, December 8, 2008
Dear Friend of GATA and Gold:
Antal Fekete: Has the curtain fallen on the last contango in Washington?
Submitted by cpowell on Mon, 2008-12-08 20:29 Section: Daily Dispatches8:30p ET Monday, December 8, 2008
Dear Friend of GATA and Gold:
Thom Calandra: Horrific gold dump -- Is this guy for real?
Submitted by cpowell on Mon, 2008-12-08 12:17 Section: Daily Dispatches12:16p ET Monday, December 8, 2008
Dear Friend of GATA and Gold:
China sovereign wealth fund exec bets dollar goes lower
Submitted by cpowell on Mon, 2008-12-08 11:12 Section: Daily DispatchesBy Alan Wheatley
Reuters
Monday, December 8, 2008
http://www.reuters.com/article/marketsNews/idUSPEK35408020081208
BEIJING -- One of the top managers of China Investment Corp., the country's $200 billion sovereign wealth fund, reckons current dollar strength is temporary and he would like to bet that the U.S. currency is headed lower.
Oil contango pays most in decade; stockpiling earns 11%
Submitted by cpowell on Sun, 2008-12-07 22:30 Section: Daily DispatchesBy Robert Tuttle and Alexander Kwiatkowski
Bloomberg News
Monday, December 8, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCStCdOsonHc&refer=home
In the worst year ever for oil, investors can lock in the biggest profits in a decade by storing crude.
Ambrose Evans-Pritchard: Deflation virus moves policy beyond 1930s
Submitted by cpowell on Sun, 2008-12-07 17:04 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Saturday, December 6, 2008
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/362980...
Debt deflation is tightening its grip over the entire global system. Interest rates are creeping towards zero in Japan, America, and now across most of Europe.
Bullion coin premiums up to at 25% on eBay
Submitted by cpowell on Sat, 2008-12-06 10:57 Section: Daily Dispatches11a ET Saturday, December 6, 2008
Dear Friend of GATA and Gold:
Our friend Stefan Pernar in Singapore calculates that the premiums over spot of 1-ounce U.S. gold bullion coins sold via the Internet auction site eBay have risen to 25 percent, compared to 11 percent in August. You can read about it at his Weblog here:
CHRIS POWELL, Secretary/Treasurer
Malaysia raises gold dinar proposal again
Submitted by cpowell on Sat, 2008-12-06 10:51 Section: Daily DispatchesThe New Straits Times
Kuala Lumpur, Malaysia
Saturday, December 6, 2008
http://www.nst.com.my/Current_News/NST/Saturday/NewsBreak/20081206162348...
KUALA LUMPUR, Malaysia -- Malaysia wants Organisation of the Islamic Conference member countries to reconsider the use of the gold dinar for trade, especially with uncertainties in the international currency market.
Few seeing usual benefits of rising dollar
Submitted by cpowell on Sat, 2008-12-06 10:41 Section: Daily DispatchesBy Mary Jordan and Karla Adam
Washington Post
Saturday, November 1, 2008
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/31/AR200810...?
LONDON -- The value of the U.S. dollar has soared with unheard-of speed against many currencies in recent weeks, but the global financial crisis has altered the usual effects of such a spike.
India cuts interest rates for third time in two months
Submitted by cpowell on Sat, 2008-12-06 10:18 Section: Daily DispatchesBy Cherian Thomas and Anoop Agrawal
Bloomberg News
Saturday, December 6, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayqv9fTdQVCw&refer=home
MUMBAI -- India's central bank cut interest rates for the third time in less than two months after last week's terror attacks shook investor confidence in an economy already weakened by a global recession.
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