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Daily Dispatches
Analysts Maund, Arensberg expect gold to fall soon
Submitted by cpowell on Sun, 2007-09-30 17:23 Section: Daily Dispatches5:20p ET Sunday, September 30, 2007
Dear Friend of GATA and Gold:
Gold market analysts Clive Maund and Gene Arensberg are expecting gold to fall soon, though Arensberg acknowledges the possibility that there may be further collapse in the U.S. dollar and that this could launch gold into "the mother of all runaway breakouts."
Bank of England insists its (remaining) gold is pure, if a bit cracked
Submitted by cpowell on Sun, 2007-09-30 17:06 Section: Daily DispatchesBank of England Insists
Gold Is in Mint Condition
From Reuters
Sunday, September 30, 2007
http://uk.reuters.com/article/businessNews/idUKL3057966020070930
LONDON -- Some of Britain's gold reserves suffered surface cracks when they were cast 50 years ago in New York, but the purity of the Bank of England's bullion was not affected, the central bank said on Sunday.
Monetary research group holds fall dinner Oct. 25 in NYC
Submitted by cpowell on Sat, 2007-09-29 11:16 Section: Daily Dispatches11:16a ET Saturday, September 29, 2007
Dear Friend of GATA and Gold:
The annual fall meeting of the Committee for Monetary Research and Education Inc. will be held Thursday evening, October 25, at the Union League Club, 38 East 37th St., New York, just a few blocks south of Grand Central Station.
Among the speakers:
Paul would put gold back in circulation; defective BoE gold story spreads
Submitted by cpowell on Sat, 2007-09-29 11:10 Section: Daily Dispatches11:10a ET Saturday, September 29, 2007
Dear Friend of GATA and Gold:
GoldSeek radio's Chris Waltzek the other day interviewed U.S. Rep Ron Paul, a candidate for the Republican presidential nomination, and got him to remark a bit about his ideas to restore gold as currency circulating in parallel with paper U.S. dollars. You can listen to the interview here:
London Times reports Bank of England's defective gold
Submitted by cpowell on Sat, 2007-09-29 00:17 Section: Daily Dispatches12:10a ET Saturday, September 29, 2007
Dear Friend of GATA and Gold:
Phony inflation data prompts expectation of more rate cuts
Submitted by cpowell on Fri, 2007-09-28 16:50 Section: Daily DispatchesAnother New Low for the Dollar
By The Associated Press
via Yahoo News
Friday, September 28, 2007
http://news.yahoo.com/s/ap/20070928/ap_on_bi_ge/dollar_32
BERLIN -- The dollar hit another new low Friday as U.S. inflation data reinforced expectations that the Federal Reserve may cut interest rates again.
Gold getting recognized as 'ultimate hedge'
Submitted by cpowell on Fri, 2007-09-28 16:40 Section: Daily DispatchesFlight to Gold Exchange-Traded Funds
By Ruth Sullivan
Financial Times, London
Friday, September 28, 2007
http://www.ft.com/cms/s/0/b7b1b582-6abb-11dc-9410-0000779fd2ac.html
How Barrick's hedging gold in a rising market could be a bonanza
Submitted by cpowell on Fri, 2007-09-28 01:20 Section: Daily Dispatches1a ET Friday, September 26, 2007
Dear Friend of GATA and Gold:
Our friend Mitch writes:
Northern Rock gets another L5 billion from Bank of England, pays dividend
Submitted by cpowell on Fri, 2007-09-28 00:35 Section: Daily DispatchesNorthern Rock Debt to Bank of England now L8 Billion
By Chris Giles, Peter Thal Larsen, and Gillian Tett
Financial Times, London
Thursday, September 27, 2007
http://www.ft.com/cms/s/0/f1bb99f8-6d42-11dc-ab19-0000779fd2ac.html
Citigroup acknowledges central bank scheme to suppress gold
Submitted by cpowell on Fri, 2007-09-28 00:23 Section: Daily Dispatches11:20p ET Thursday, September 27, 2007
Dear Friend of GATA and Gold:
A major New York investment house, Citigroup, this week acknowledged that central banks have been colluding to suppress the price of gold.