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Daily Dispatches
Germany remains unlikely to sell gold reserves
Submitted by cpowell on Wed, 2008-03-12 15:30 Section: Daily DispatchesBy Krista Hughes
Reuters
via The Guardian, London
Tuesday, March 11, 2008
http://www.guardian.co.uk/feedarticle?id=7375180
FRANKFURT -- Germany's Bundesbank will probably hold on to the vast bulk of its gold reserves in the next year of the central bank gold agreement, beginning in September, central bank president Axel Weber said on Tuesday.
Fed begins monetizing everybody's busted mortgages
Submitted by cpowell on Tue, 2008-03-11 23:47 Section: Daily DispatchesDramatic Fed Move to Unlock Markets
By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 13, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/12/nfed11...
Fed in a desperate race with the spectre of collapse
Submitted by cpowell on Tue, 2008-03-11 23:35 Section: Daily DispatchesBy Damian Reece
The Telegraph, London
Wednesday, March 12, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/12/ccom11...
Will gold catch oil? And silver soars without short covering
Submitted by cpowell on Tue, 2008-03-11 23:08 Section: Daily Dispatches11p ET Tuesday, March 11, 2008
Dear Friend of GATA and Gold:
U.S. Treasuries riskier than German debt, default swaps say
Submitted by cpowell on Tue, 2008-03-11 15:23 Section: Daily DispatchesBy Abigail Moses
Bloomberg News Service
Tuesday, March 11, 2008
http://www.bloomberg.com/apps/news?pid=20601103&sid=aVl4JGYmkX0M&refer=us
LONDON -- The risk of losses on U.S. Treasury notes exceeded German bunds for the first time ever amid investor concern the subprime mortgage crisis is sapping government reserves, credit-default swaps prices show.
Sovereign funds soon may surpass official foreign reserves
Submitted by cpowell on Tue, 2008-03-11 15:07 Section: Daily DispatchesBy Vivianne Rodrigues
Reuters
Tuesday, March 11, 2008
http://www.reuters.com/article/ousiv/idUSN1160324820080311
NEW YORK -- Sovereign wealth fund assets may soon surpass total official foreign reserves held by central banks and become the main vehicle for capital investment, a Morgan Stanley economist said on Tuesday.
Fed joins three other central banks with $200 billion more in lending
Submitted by cpowell on Tue, 2008-03-11 08:56 Section: Daily DispatchesBy The Associated Press
via Yahoo News
Tuesday, March 11, 2008
http://news.yahoo.com/s/ap/20080311/ap_on_bi_ge/fed_credit_crisis;_ylt=A...
WASHINGTON -- Trying to pump more cash into a tight credit market, the Federal Reserve and other central banks on Tuesday jointly announced a new $200 billion expansion of its lending program.
Gold council will list ETF in Asia, make Barrick CEO chairman
Submitted by cpowell on Tue, 2008-03-11 08:51 Section: Daily DispatchesGreg Wilkins is CEO of Barrick Gold.
* * *
Gold Council to List EFT in Japan, Hong Kong
From Reuters
Tuesday, March 11, 2008
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/id...
Panic in market on fear of insolvency at Bear Stearns, Fannie Mae
Submitted by cpowell on Mon, 2008-03-10 23:07 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, March 11, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/11/cnbear...
Sprott sees financial turmoil pushing gold to $2,000
Submitted by cpowell on Mon, 2008-03-10 21:36 Section: Daily DispatchesBy Stewart Bailey
Bloomberg News Service
Monday, March 10, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aVMsmS.ikYd4
Turmoil in global credit markets may lead to the collapse of a North American bank, pushing bullion prices up to $2,000 an ounce as investors seek a haven in gold, Eric Sprott said.
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