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Daily Dispatches
Fed's vice chairman expects recession to quell inflation
Submitted by cpowell on Tue, 2008-02-26 20:17 Section: Daily DispatchesKohn Says Fed Weighs Need for More Rate Cuts
By Jim Brumm
Reuters
Tuesday, February 26, 2008
FDIC to add staff as bank failures loom
Submitted by cpowell on Tue, 2008-02-26 00:25 Section: Daily DispatchesBy Damien Paletta
The Wall Street Journal
Tuesday, February 26, 2008
http://online.wsj.com/article/SB120398607404892133.html?mod=hps_us_whats...
WASHINGTON -- The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation's housing and credit markets continue to worsen.
Rick Ackerman: Gold bugs could call IMF's bluff
Submitted by cpowell on Mon, 2008-02-25 23:48 Section: Daily Dispatches11:46p ET Monday, February 25, 2008
Dear Friend of GATA and Gold:
Dan Norcini: As commodities soar, suppressing gold loses its point
Submitted by cpowell on Mon, 2008-02-25 17:45 Section: Daily DispatchesBy Dan Norcini
JSMineset.com
Monday, February 25, 2008
Global shortage of metals looming
Submitted by cpowell on Mon, 2008-02-25 16:57 Section: Daily DispatchesBy Peter Hodson
National Post / Financial Post, Toronto
Monday, February 25, 2008
http://www.financialpost.com/trading_desk/mining/story.html?id=333806
James Turk: An overview of gold's supply and demand
Submitted by cpowell on Mon, 2008-02-25 16:45 Section: Daily Dispatches4:40p ET Monday, February 25, 2008
Dear Friend of GATA and Gold:
Catastrophe's cause was failure to regulate money and credit creation
Submitted by cpowell on Mon, 2008-02-25 15:47 Section: Daily Dispatches3:45p ET Monday, February 25, 2008
Dear Friend of GATA and Gold:
That the unfolding international financial catastrophe was caused by the failure of the U.S. government to regulate the private creation of money and credit is demonstrated by the latest essay of F. William Engdahl, "The Financial Tsunami," which you can find at the Rense site here:
Peter George's Investment Indicators letter cites GATA
Submitted by cpowell on Mon, 2008-02-25 15:39 Section: Daily Dispatches3:40p ET Monday, February 25, 2008
Dear Friend of GATA and Gold:
South African market analyst Peter George's Investment Indicators letter for February mentions GATA's distress that the South African government cooperates with the international gold price suppression scheme, which to any South African patriot should look a bit like treason. George's letter has been posted at GoldSeek here:
U.S. backs plan for IMF to sell some gold
Submitted by cpowell on Mon, 2008-02-25 15:33 Section: Daily DispatchesBy John Brinsley
Bloomberg News Service
Monday, February 25, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSBpoKjIItWc&refer=home
WASHINGTON -- The U.S. Treasury, in a policy reversal, backed an International Monetary Fund plan to sell some of the lender's $98 billion in gold reserves to help make up for a decline in revenue.
A precious metals that's not just an investment but a worldview too
Submitted by cpowell on Mon, 2008-02-25 08:18 Section: Daily DispatchesBy Rob Baedeker
San Francisco Chronicle
Monday, February 25, 2008
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2008/02/25/moneytales.DTL
Last week gold hit a record high of $958.40 an ounce. In 1959 the average price of gold was around $35 an ounce. That's the year Burton Blumert opened his Camino Coin Co. in Burlingame.
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