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Daily Dispatches
Morgan reportedly returns $600 million in MF Global customer funds
Submitted by cpowell on Sat, 2012-06-02 02:07 Section: Daily DispatchesBy Aaron Lucchetti
The Wall Street Journal
Friday, June 1, 2012
http://online.wsj.com/article/SB1000142405270230482130457744069385006812...
J.P. Morgan Chase & Co. has returned roughly $600 million that was ensnared at the bank when MF Global Holdings Ltd. collapsed in October, people familiar with the matter said.
As contagion looms, gold is safe haven again, Cashin tells King World News
Submitted by cpowell on Fri, 2012-06-01 17:18 Section: Daily Dispatches2:15p PT Friday, June 1, 2012
Dear Friend of GATA and Gold:
UBS market analyst Art Cashin today tells King World News that the world financial system is on the precipe of contagion and bank runs and that gold has just been converted back into a safe haven and reliable currency. An excerpt from the interview is posted at the King World News blog here:
Mike Kosares: Central banks have made a thousand-tonne yearly switch on gold
Submitted by cpowell on Fri, 2012-06-01 16:49 Section: Daily Dispatches1:45p PT Friday, June 1, 2012
Dear Friend of GATA and Gold:
Turk sees metals gaining haven status; von Greyerz says stocks already have been smashed
Submitted by cpowell on Fri, 2012-06-01 00:36 Section: Daily Dispatches9:33p ET Thursday, May 31, 2012
Dear Friend of GATA and Gold:
At King World News, GoldMoney founder and GATA consultant says European money fleeing for safety is going into not just U.S. and German government bonds but also gold and silver as investors increasingly realize that the monetary metals are the only assets without counterparty risk:
John Embry: Powers that be succeed once again in trashing gold
Submitted by cpowell on Thu, 2012-05-31 07:05 Section: Daily Dispatches7a ET Thursday, May 31, Wednesday, May 30, 2012
Dear Friend of GATA and Gold:
Gold acting like safe-haven investment, Norcini tells King World News
Submitted by cpowell on Thu, 2012-05-31 00:45 Section: Daily Dispatches12:43a ET Thursday, May 31, 2012
Dear Friend of GATA and Gold:
Futures market analyst Dan Norcini tells King World News that gold is finding big central bank buying below $1,550 and that this week's action shows that the monetary metal is being considered a safe-haven investment. An excerpt from the interview is posted at the King World News blog here:
Big commercials aggressively covering gold and silver shorts, Arensberg says
Submitted by cpowell on Thu, 2012-05-31 00:36 Section: Daily Dispatches12:35a ET Thursday, May 31, 2012
Dear Friend of GATA and Gold:
At the Got Gold Report, Gene Arensberg examines trader positions on the gold and silver futures exchanges and finds them as bullish as they've been in years. He says the large commercial traders are aggressively covering their short positions. This particular report is presented as a video and it's posted here:
Embry elaborates on counterintuitive moves in gold 'market'
Submitted by cpowell on Wed, 2012-05-30 13:59 Section: Daily Dispatches2p ET Wednesday, May 30, 2012
Dear Friend of GATA and Gold:
Currency depreciation will keep driving gold up, Embry tells MineWeb
Submitted by cpowell on Wed, 2012-05-30 13:34 Section: Daily Dispatches1:30p ET Wednesday, May 30, 2012
Dear Friend of GATA and Gold:
Interviewed by Geoff Candy at MineWeb, Sprott Asset Management's John Embry says that only market interference has gotten in the way of gold's fundamentals, foremost among which is the growing realization that government currencies soon will be worth a lot less. The interview is posted at MineWeb here:
Vancouver conference offers spectacular cruise next Sunday evening
Submitted by cpowell on Tue, 2012-05-29 22:40 Section: Daily Dispatches10:40p ET Tuesday, May 29, 2012
Dear Friend of GATA and Gold:
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