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Daily Dispatches
Larry Edelson: The G-20's secret debt solution
Submitted by cpowell on Sat, 2008-11-15 11:30 Section: Daily Dispatches10:20a CT Saturday, November 15, 2008
Dear Friend of GATA and Gold:
Larry Edelson of Weiss Research foresees an upward revaluation of gold as the secret solution to the international debt deflation problem. His commentary is headlined "The G-20's Secret Debt Solution" and you can find it here:
http://www.moneyandmarkets.com/the-g-20s-secret-debt-solution-27996
Iran says its reserves have been put into gold
Submitted by cpowell on Sat, 2008-11-15 11:08 Section: Daily DispatchesBy Zahra Hosseinian
Reuters
Saturday, November 15, 2008
http://www.reuters.com/article/GCA-Oil/idUSTRE4AE1F820081115
TEHRAN -- Iran has converted financial reserves into gold to avoid future problems, an adviser to President Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peak in July.
Richard Russell: I'm starting to think gold is manipulated
Submitted by cpowell on Fri, 2008-11-14 17:00 Section: Daily Dispatches3:53p CT Friday, November 14, 2008
Dear Friend of GATA and Gold:
A subscriber to Richard Russell's Dow Theory Letter who is a longtime participant in GATA sends the excerpt that is below from Russell's letter Thursday night. Our friend headlines the excerpt, "That Didn't Take Long." And yet Russell still got there sooner than some other worthies.
CHRIS POWELL, Secretary/Treasurer
Dollar peg to gold seen unlikely from G20 meeting
Submitted by cpowell on Fri, 2008-11-14 16:52 Section: Daily DispatchesBut it's remarkable that gold is getting discussed so widely now.
* * *
By Frank Tang
Reuters
Friday, November 14, 2008
http://www.reuters.com/article/vcCandidateFeed2/idUSTRE4AD7PT20081114
Walker Todd: Forget Bretton Woods II -- we need a new gold standard
Submitted by cpowell on Fri, 2008-11-14 16:08 Section: Daily DispatchesBy Walker Todd
The Christian Science Monitor, Boston
Monday, November 17, 2008
China urged to buy gold to hedge dollar decline
Submitted by cpowell on Fri, 2008-11-14 13:40 Section: Daily DispatchesBy Xiao Yu and Ron Harui
Bloomberg News
Friday, November 14, 2008
http://www.bloomberg.com/apps/news?pid=20601012&sid=aODaEiMnEoeI
China, the second-biggest overseas holder of U.S. Treasuries, should increase its bullion holding to diversify its reserves because the dollar may decline, the country's gold association said.
Chris Powell: Gold and silver market manipulation update
Submitted by cpowell on Fri, 2008-11-14 13:28 Section: Daily DispatchesRemarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
New Orleans Marriott Hotel
Thursday, November 13, 2008
China reported planning big shift of FX reserves into gold
Submitted by cpowell on Fri, 2008-11-14 01:32 Section: Daily DispatchesBy Benjamin Scent
The Standard, Hong Kong
Friday, November 14, 2008
http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=74335&sid...
The mainland is seriously considering a plan to diversify more of its massive foreign-exchange reserves into gold, a person familiar with the situation told The Standard.
Vindication for CFTC chairman who wanted to regulate derivatives
Submitted by cpowell on Thu, 2008-11-13 20:10 Section: Daily Dispatches7p CT Thursday, November 13, 2008
Dear Friend of GATA and Gold:
Gold mining mergers on hold until share prices stabilize
Submitted by cpowell on Thu, 2008-11-13 10:21 Section: Daily DispatchesBy Eric Onstad
Reuters
Thursday, November 13, 2008
http://www.reuters.com/article/mergersNews/idUSB10905520081113
LONDON -- Small gold firms hit by the credit crisis and weak gold prices are keen for mergers with bigger rivals, but consolidation will likely have to wait until volatile share prices stabilise, company officials said on Thursday.
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