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Daily Dispatches
Gold seen outperforming oil as recession brews
Submitted by cpowell on Fri, 2008-11-07 16:41 Section: Daily DispatchesBy Frank Tang
Reuters
Friday, November 7, 2008
http://www.reuters.com/article/GCA-Oil/idUSTRE4A66V420081107
NEW YORK -- The price of gold has not fallen as sharply as the price of crude oil and other cyclical commodities during the global financial crisis, and bullion should strengthen relative to other commodities as economic troubles deepen.
What if every Chinese got his own Treasury bond to spend?
Submitted by cpowell on Fri, 2008-11-07 16:36 Section: Daily DispatchesChina May Launch Economic Stimulus Package
From Reuters
Friday, November 7, 2008
http://www.reuters.com/article/ousiv/idUSTRE4A66TS20081107
BEIJING -- Evidence is mounting that China might launch a massive economic stimulus package in the near future as worries over a sharp slowdown in the world's fourth-largest economy intensify, officials said on Friday.
News agency sues Fed for look at collateral for loans to banks
Submitted by cpowell on Fri, 2008-11-07 15:51 Section: Daily DispatchesBy Mark Pittman
Bloomberg News
Friday, November 7, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKr.oY2YKc2g
NEW YORK -- Bloomberg News asked a U.S. court today to force the Federal Reserve to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks.
Zero-interest world may lie ahead
Submitted by cpowell on Fri, 2008-11-07 14:45 Section: Daily DispatchesBy Simon Kennedy and Craig Torres
Bloomberg News
Friday, November 7, 2008
http://www.bloomberg.com/apps/news?pid=20601109&sid=ayE0YPzpdD38&refer=home
The age of free money may be at hand.
Timing the next rush to gold
Submitted by cpowell on Fri, 2008-11-07 12:27 Section: Daily DispatchesBy Conrad de Aenlle
International Herald Tribune, Paris
Friday, November 7, 2008
http://www.iht.com/articles/2008/11/07/yourmoney/mgold.php
When there seems to be nowhere to turn, investors often turn to gold. The unprecedented volatility in stocks and uncertainty about the world economy and financial system should make this an ideal time to own gold.
Another large decline in gold hedging
Submitted by cpowell on Fri, 2008-11-07 08:37 Section: Daily DispatchesBy Nicholas Larkin
Bloomberg News
Friday, November 7, 2008
http://www.bloomberg.com/apps/news?pid=20601116&sid=aaMpDG7Hzo3g
LONDON -- Gold miners reduced forward sales contracts by 2.3 million ounces in the third quarter to 16.5 million ounces, London-based researcher VM Group said.
Eric Sprott: Cash or gold?
Submitted by cpowell on Thu, 2008-11-06 19:22 Section: Daily Dispatches7:23p ET Thursday, November 6, 2008
Dear Friend of GATA and Gold:
Credit swap inventory was grossly incomplete
Submitted by cpowell on Thu, 2008-11-06 16:17 Section: Daily DispatchesCredit Swap Disclosure Obscures True Financial Risk
By Shannon D. Harrington and Abigail Moses
Bloomberg News
Thursday, November 6, 2008
http://www.bloomberg.com/apps/news?pid=20601109&sid=a0CcmxJQnS7A&refer=home
Rubin won't return to Treasury, boosting Summers' chances
Submitted by cpowell on Thu, 2008-11-06 15:35 Section: Daily DispatchesRubin Removes Himself for Consideration at Treasury
By Michael McKee
Bloomberg News
Thursday, November 6, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.T1Wv5QZHRU&refer=home
Big interest rate cuts in Britain and Europe
Submitted by cpowell on Thu, 2008-11-06 08:38 Section: Daily DispatchesBy Ralph Boulton
Reuters
Thursday, November 6, 2008
http://www.reuters.com/article/newsOne/idUSTRE49N5VU20081106
LONDON -- Britain slashed borrowing costs by a surprising 1.5 percentage points on Thursday and the European Central Bank (ECB) also cut rates as part of concerted efforts to revive world commerce and ward off deep recession.
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