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Daily Dispatches
GATA, Goldmau co-sponsor reception at Toronto conference Saturday
Submitted by cpowell on Mon, 2008-09-29 23:48 Section: Daily Dispatches11:45p ET Monday, September 29, 2008
Dear Friend of GATA and Gold:
The Gold Anti-Trust Action Committee and John Lee of Goldmau.com and Mau Capital Management will co-sponsor a reception with complimentary cocktails and appetizers during Cambridge House's Toronto Resource Investment Conference this weekend, and you're invited.
Banking crash hits Europe as ECB loses traction
Submitted by cpowell on Mon, 2008-09-29 23:42 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, September 29, 2008
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3104666...
Gene Arensberg: Gold, silver demand white-hot
Submitted by cpowell on Mon, 2008-09-29 23:35 Section: Daily Dispatches11:35p ET Monday, September 29, 2008
Dear Friend of GATA and Gold:
Gene Arensberg's new "Got Gold Report" at Resource Investor contends that the physical and exchange-traded fund markets for gold and silver are sending a message to the futures market, where "panic" drove prices too low. Arensberg's report is headlined "Gold, Silver Demand White-Hot" and you can find it here:
Market letter from Gold & Silver Investments Ltd. in Dublin
Submitted by cpowell on Mon, 2008-09-29 23:30 Section: Daily Dispatches11:30p ET Monday, September 29, 2008
Dear Friend of GATA and Gold:
This afternoon's events have somewhat overtaken today's market letter from Mark O'Byrne of Gold & Silver Investments Ltd. in Dublin, but it summarizes well the circumstances developing in gold's favor. You can find it here:
http://www.goldassets.co.uk/articles/Gold_Investments_Market_Update.html
Germany, Switzerland are done selling gold
Submitted by cpowell on Mon, 2008-09-29 16:39 Section: Daily DispatchesGermany's Bundesbank to Keep Its Gold Reserves
From Reuters
via The Guardian, London
Monday, September 29, 2008
http://www.guardian.co.uk/business/feedarticle/7836677
FRANKFURT, Germany -- Germany's Bundesbank will hold on to the vast bulk of its gold reserves in the next 12 months, the central bank said on Monday.
Ted Butler: Meet the new boss, same as the old boss?
Submitted by cpowell on Mon, 2008-09-29 16:22 Section: Daily Dispatches4:20p ET Monday, September 29, 2008
Dear Friend of GATA and Gold:
MiningMX takes note of GATA's work
Submitted by cpowell on Mon, 2008-09-29 16:06 Section: Daily Dispatches4p ET Monday, September 29, 2008
Dear Friend of GATA and Gold:
MiningMX takes note of GATA's work in a report filed by Allan Seccombe, "So Why Isn't the Gold Price Running?," here:
http://www.miningmx.com/gold_silver/771756.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Join GATA here:
Toronto Resource Investment Conference
Private banks rethinking gold, could be next big buyers
Submitted by cpowell on Mon, 2008-09-29 08:31 Section: Daily DispatchesBy Jonathan Leff
Reuters
Monday, September 29, 2008
http://in.reuters.com/article/businessNews/idINIndia-35707320080929
KYOTO, Japan -- Private banks could be the next big buyers in the global gold market, helping drive prices higher as they consider restocking bullion bars that were sold off in calmer times, the top HSBC gold trader said on Monday.
Nouriel Roubini: Bailout benefits only banks and their unsecured creditors
Submitted by cpowell on Sun, 2008-09-28 21:11 Section: Daily DispatchesThere were many other options.
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By Nouriel Roubini
Roubini's Global EconoMonitor
Sunday, September 28, 2008
http://www.rgemonitor.com/blog/roubini/
Is purchasing $700 billion of toxic assets the best way to recapitalize the financial system? No. It is rather a disgrace and ripoff benefitting only the shareholders and unsecured creditors of banks.
Hedge funds grudgingly to reveal U.S. short positions
Submitted by cpowell on Sun, 2008-09-28 19:52 Section: Daily DispatchesBy Rachelle Younglai and Jennifer Ablan
Reuters
Sunday, September 28, 2008
http://www.reuters.com/article/marketsNews/idINN2630088120080928?rpc=44
Hedge fund managers are reluctantly preparing to disclose their short positions to U.S. regulators on Monday, a move set to give a rare public glimpse into their secretive trading strategies two weeks later.
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