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Daily Dispatches
South Korea to triple base metal reserves
Submitted by cpowell on Wed, 2008-07-09 11:37 Section: Daily DispatchesBy Miyoung Kim
Reuters
Wednesday, July 9, 2008
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSE...
SEOUL, South Korea -- Resource-hungry South Korea plans to triple its base metal reserve stockpiles to ease tight domestic supply as manufacturers struggle to secure raw materials due to soaring commodity prices, the government said Wednesday.
Vegas conference features debate on gold price suppression
Submitted by cpowell on Wed, 2008-07-09 01:14 Section: Daily Dispatches1:15a ET Wednesday, July 9, 2008
Dear Friend of GATA and Gold:
Resource Investor's Hard Assets Investment Conference in Las Vegas, Nevada, to be held Tuesday and Wednesday, September 9 and 10, will feature something for which GATA has been practically begging for years -- a debate over whether financial institutions are colluding to suppress the price of gold.
Vietnam real estate trade sees some shift to gold
Submitted by cpowell on Tue, 2008-07-08 14:58 Section: Daily DispatchesFrom VietNamNet Bridge
Tuesday, July 8, 2008
http://english.vietnamnet.vn/biz/2008/07/792484/
After a long period of quoting land prices in Vietnamese dong, landlords are now setting prices in gold instead in order to avoid risks from the dong's devaluation.
Bingo! The money's no good anymore
Submitted by cpowell on Tue, 2008-07-08 14:07 Section: Daily Dispatches2:05p ET Tuesday, July 8, 2008
Dear Friend of GATA and Gold:
For a wonderful anecdote suggesting that it's not the times that are out of joint or even commodity prices but rather the sort of money being used lately, you may enjoy the brief essay by Doug French, associate editor of Liberty Watch magazine, posted at Lew Rockwell's Internet site. It's titled "Bingo!" and you can find it here:
Ted Butler: The sole silver price depressant
Submitted by cpowell on Tue, 2008-07-08 14:00 Section: Daily Dispatches2p ET Tuesday, July 8, 2008
Dear Friend of GATA and Gold:
Fed considers extending emergency loans for Wall Street
Submitted by cpowell on Tue, 2008-07-08 08:33 Section: Daily DispatchesBy Jennine Aversa
Associated Press
via Yahoo News
Tuesday, July 8, 2008
http://news.yahoo.com/s/ap/20080708/ap_on_bi_ge/fed_credit_crisis;_ylt=A...
TIPS flunk inflation test as fuel, food overtake CPI
Submitted by cpowell on Mon, 2008-07-07 00:18 Section: Daily DispatchesBy Sandra Hernandez
Bloomberg News Service
Monday, July 7, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aPjqNRudfM.Q&refer=home
NEW YORK -- Treasury Inflation-Protected Securities aren't living up to their name for bond investors who say they can't trust the way the U.S. government calculates the rising cost of consumer goods.
AP notes currency intervention option and monetization of oil
Submitted by cpowell on Sun, 2008-07-06 11:41 Section: Daily Dispatches11:40a ET Sunday, July 6, 2008
Dear Friend of GATA and Gold:
Jason Hommel: Without gold and silver, you're already confiscated
Submitted by cpowell on Fri, 2008-07-04 12:56 Section: Daily Dispatches12:45p ET Friday, July 4, 2008
Dear Friend of GATA and Gold:
Fed official admits inflation figures are phony
Submitted by cpowell on Thu, 2008-07-03 23:15 Section: Daily DispatchesFed's Bullard Says Bank's Credibility on the Line
By Ros Krasny
Reuters
Thursday, July 3, 2008
http://www.reuters.com/article/bondsNews/idUSN0332437420080703
CHICAGO -- The Federal Reserve's use of core inflation measures is harming its credibility, the new president of the St. Louis Fed wrote in an editorial released on Thursday.