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Daily Dispatches
David Bond: A black market in silver, right out in the open
Submitted by cpowell on Tue, 2008-11-11 21:16 Section: Daily Dispatches9:09p ET Tuesday, November 11, 2008
Dear Friend of GATA and Gold (and Silver):
From the Edelmetall & Rohstoffmesse precious and resource metals show in Munich, David Bond, editor of the Silver Valley Mining Journal, muses about the black market that has developed in the precious metals. Bond writes:
Goldman big winner in government's revised bailout of AIG
Submitted by cpowell on Tue, 2008-11-11 20:57 Section: Daily DispatchesNew AIG Rescue is Blessing for Banks
Buyers of Insurer's Default Swaps Would Recover Most of Their Money
By Serena Ng and Liam Pleven
The Wall Street Journal
Wednesday, November 12, 3008
Banks in the U.S. and abroad are among the biggest winners in the federal government's revamped $150 billion bailout of American International Group Inc.
Russia signals depreciation of ruble
Submitted by cpowell on Tue, 2008-11-11 20:47 Section: Daily DispatchesBy Charles Cloverin
Financial Times, London
Tuesday, November 11, 2008
http://www.ft.com/cms/s/0/161fc804-b023-11dd-a795-0000779fd18c.html
Goldman urged bets against California bonds it helped sell
Submitted by cpowell on Tue, 2008-11-11 08:20 Section: Daily DispatchesBy Sharona Coutts, Marc Lifsher, and Michael A. Hiltzik
Los Angeles Times
Tuesday, November 11, 2008
http://www.latimes.com/business/la-fi-goldman11-2008nov11,0,1943014.story
Goldman, Sachs & Co. urged some of its big clients to place investment bets against California bonds this year despite having collected millions of dollars in fees to help the state sell some of those same bonds.
Lawrence A. Hunter: Obama's golden opportunity
Submitted by cpowell on Mon, 2008-11-10 21:54 Section: Daily DispatchesBy Lawrence A. Hunter
The Washington Times
Sunday, November 9, 2008
http://washingtontimes.com/news/2008/nov/09/golden-opportunity/
The worldwide economic crisis presents President-elect Barack Obama with a golden opportunity to establish his leadership bonafides preemptively before the anticipated foreign challenge comes to test his mettle as a leader.
Ted Butler: Silver was smashed to ease Morgan's takeover of Bear
Submitted by cpowell on Mon, 2008-11-10 15:30 Section: Daily Dispatches3:22p ET Monday, November 10, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler has obtained a letter from the U.S. Commodity Futures Trading Commission to U.S. Rep. Gary G. Miller, Republican of California, that virtually confirms Butler's speculation in September that the smashing of the silver price this year involved JPMorganChase's takeover of Bear Stearns in March.
Gene Arensberg: Big traders are least short gold in years
Submitted by cpowell on Mon, 2008-11-10 15:06 Section: Daily Dispatches3p ET Monday, November 10, 2008
Dear Friend of GATA and Gold:
Fed's bank loans look like secret patronage
Submitted by cpowell on Mon, 2008-11-10 10:25 Section: Daily DispatchesFed Defies Transparency Aim in Refusal to Identify Bank Loans
By Mark Pittman, Bob Ivry, and Alison Fitzgerald
Bloomberg News
Monday, November 10, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=home
China OKs domestic spending boost; Europe plans more rate cuts
Submitted by cpowell on Sun, 2008-11-09 11:26 Section: Daily DispatchesBy Kirby Chien and Anna Willard
Reuters
Sunday, November 9, 2008
http://www.reuters.com/article/newsOne/idUSTRE49N5VU20081109
China approved on Sunday a massive stimulus plan worth nearly $600 billion through 2010 to boost domestic demand as part of a global push for measures to soften an expected recession in many countries.
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.
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