You are here
Daily Dispatches
Mints, refiners cut off gold, silver supplies, Irish dealer says
Submitted by cpowell on Sun, 2008-09-28 19:33 Section: Daily DispatchesGold and Silver Dealer Reports 'Unprecedented' Shortage of Metals
By David Clerkin
The Sunday Business Post, Dublin, Ireland
Sunday, September 28, 2008
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=MARKETS-qqqm=nav-qqqi...
Traders, strategists expect central banks to prop dollar
Submitted by cpowell on Sun, 2008-09-28 19:16 Section: Daily DispatchesThey'll intervene in all markets except the precious metals markets, right?
* * *
Expect Global Support for U.S. Dollar
From Bloomberg News
via The Age, Melbourne, Australia
Monday, September 29, 2008
http://business.theage.com.au/business/expect-global-support-for-us-doll...
European central banks cut sales of gold
Submitted by cpowell on Sun, 2008-09-28 16:46 Section: Daily DispatchesBy Javier Blas
Financial Times, London
Sunday, September 28, 2008
http://www.ft.com/cms/s/0/38c8d46c-8d7e-11dd-83d5-0000779fd18c.html
KYOTO, Japan -- European central banks have cut their sales of gold to the lowest level in almost a decade, reversing the practice of recent years when hefty sales helped depress prices.
Goldman Sachs faults NYTimes story on AIG exposure
Submitted by cpowell on Sun, 2008-09-28 16:34 Section: Daily DispatchesYes, everything must be fine at Goldman Sachs, as it was fine at Fannie Mae, Freddie Mac, Lehman Brothers, Enron, and the rest. That's why Goldman just converted to a bank with even greater borrowing rights at the Federal Reserve, right?
* * *
By Jonathan Stempel
Reuters
Sunday, September 28, 2008
Other countries unlikely to buy U.S. bailout bonds, China banker says
Submitted by cpowell on Sun, 2008-09-28 09:37 Section: Daily DispatchesChinese Banker Predicts Weakened U.S. Dollar in Long Term
From Xinhua News Agency, Beijing
Sunday, September 28,2008
http://news.xinhuanet.com/english/2008-09/28/content_10128470.htm
TIANJIN, China -- The U.S. dollar will face short-term fluctuations and weaken in the long run, a leading Chinese banker predicted here on Sunday.
Rescuing AIG, U.S. saved Goldman Sachs $20 billion
Submitted by cpowell on Sun, 2008-09-28 09:26 Section: Daily DispatchesBehind Insurer's Crisis, Blind Eye to a Web of Risk
By Gretchen Morgenson
The New York Times
Sunday, September 28, 2008
http://www.nytimes.com/2008/09/28/business/28melt.html?_r=1&hp&o
"It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions."
David Morgan: How to get real metal from commodities exchanges
Submitted by cpowell on Thu, 2008-09-25 22:38 Section: Daily Dispatches10:32p ET Thursday, September 25, 2008
Dear Friend of GATA and Gold:
Bank borrowing from Fed reaches record $188 billion a day
Submitted by cpowell on Thu, 2008-09-25 22:20 Section: Daily DispatchesFed Keeps Banks Afloat as Money Market Crisis Deepens
By John Parry and Jamie McGeeever
Reuters
Thursday, September 25, 2008
Largest bank failure in history couldn't wait for Friday night
Submitted by cpowell on Thu, 2008-09-25 21:56 Section: Daily DispatchesGovernment Seizes Wa-Mu and Sells Some Assets
By Eric Dash and Andrew Ross Sorkin
The New York Times
Friday, September 26, 2008
http://www.nytimes.com/2008/09/26/business/26wamu.html?_r=1&hp&o
Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night in the largest bank failure in American history.
U.S. Mint runs out of 1-ounce gold buffaloes
Submitted by cpowell on Thu, 2008-09-25 18:15 Section: Daily DispatchesBy Frank Tang
Reuters
Thursday, September 25, 2008
NEW YORK -- The U.S Mint said Thursday it was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins because strong demand depleted its inventory.
Pages
