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Daily Dispatches
Venezuela takes control of Crystallex project
Submitted by cpowell on Wed, 2008-11-05 14:57 Section: Daily DispatchesFrom Reuters
Wednesday, November 5, 2008
http://www.reuters.com/article/marketsNews/idUSN0531130420081105
CARACAS, Venezuela -- Venezuela will take over Canadian miner Crystallex's Las Cristinas gold project, one of Latin America's largest, the latest move by President Hugo Chavez to bring key industries into the hands of the state.
Financial Times: Be ready to print money like crazy
Submitted by cpowell on Wed, 2008-11-05 09:00 Section: Daily DispatchesWays Out of the Liquidity Trap
From the Financial Times, London
Monday, November 3, 2008
http://www.ft.com/cms/s/0/cb770c3e-a9f3-11dd-958b-000077b07658.html?ncli...
Having unleashed deflation, Fed mulls how to get inflation back
Submitted by cpowell on Tue, 2008-11-04 18:10 Section: Daily DispatchesDeflation Risk Boosts Inflation Target Case
By Krishna Guha
Financial Times, London
Tuesday, November 4, 2008
http://www.ft.com/cms/s/0/2d47d156-aaac-11dd-897c-000077b07658.html
WASHINGTON -- The risk of deflation could lead Ben Bernanke to approach the new administration and Congress next year about adopting an inflation target at the Federal Reserve, some experts believe.
Credit swaps are no problem, their inventors and managers insist
Submitted by cpowell on Tue, 2008-11-04 18:02 Section: Daily DispatchesCredit Swaps Said to Total Near $34 Trillion
By Shannon D. Harrington
Bloomberg News
Tuesday, November 4, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aItLK7lFfmPA&refer=home
Brien Lundin: Is gold holding a wild card?
Submitted by cpowell on Tue, 2008-11-04 17:54 Section: Daily Dispatches5:48p ET Tuesday, November 4, 2008
Dear Friend of GATA and Gold:
Murray Pollitt: A 'New Bretton Woods' is likely to remonetize gold
Submitted by cpowell on Tue, 2008-11-04 17:34 Section: Daily Dispatches5:35p ET Tuesday, November 4, 2008
Dear Friend of GATA and Gold:
In a letter to clients today, Murray Pollitt of Pollitt & Co. in Toronto reflects on what a "new Bretton Woods" agreement would mean -- very possibly the formal remonetization of gold among the nations. You can read Pollitt's letter in PDF format here:
Ted Butler and Izzy Frieman: More signs of a silver shortage
Submitted by cpowell on Tue, 2008-11-04 14:00 Section: Daily Dispatches2p ET Tuesday, Noveber 4, 2008
Dear Friend of GATA and Gold:
Silver market analyst and GATA consultant Ted Butler joins his mentor, Israel Friedman, in a new essay at GoldSeek's companion site, SilverSeek: "More Signs of a Silver Shortage." They believe that silver inventories on the Comex are being drained. You can find their commentary here:
Paul Craig Roberts: The world tires of dollar hegemony
Submitted by cpowell on Mon, 2008-11-03 21:41 Section: Daily DispatchesBy Paul Craig Roberts
Creators Syndicate, Los Angeles
Monday, November 3, 2008
http://www.creators.com/opinion/paul-craig-roberts.html?columnsName=pcr
What explains the paradox of the dollar's sharp rise in value against other currencies (except the Japanese yen) despite disproportionate U.S. exposure to the worst financial crisis since the Great Depression?
Will world swallow another half-trillion in U.S. Treasuries this quarter?
Submitted by cpowell on Mon, 2008-11-03 16:02 Section: Daily DispatchesU.S. to Borrow Record $550 Billion This Quarter, Treasury Says
By Rebecca Christie and John Brinsley
Bloomberg News
Monday, November 3, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=afv3_LLd7wiM&refer=home
Sinclair helps you take metal off exchanges; he'll do it too
Submitted by cpowell on Mon, 2008-11-03 14:58 Section: Daily Dispatches3p ET Monday, November 3, 2008
Dear Friend of GATA and Gold:
Jim Sinclair's Internet site was taken out of service for updating over the weekend and as a result many of you were not able to see the two posts there that were cited in Friday's dispatch. But today the Sinclair site is operating again, new and improved, so let's repeat.