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Daily Dispatches
China lost billions buying stocks just before crash
Submitted by cpowell on Mon, 2009-03-16 11:05 Section: Daily DispatchesChina Lost Billions in Diversity Drive
By Jamil Anderlini
Financial Times, London
Sunday, March 15, 2009
http://www.ft.com/cms/s/0/11fa4136-119f-11de-87b1-0000779fd2ac.html
BEIJING -- China has lost tens of billions of dollars of its foreign exchange reserves through a poorly timed diversification into global equities just before world markets collapsed last year.
James Turk: Extraordinary stress in the silver market
Submitted by cpowell on Sun, 2009-03-15 21:13 Section: Daily Dispatches9:05p ET Sunday, March 15, 2009
Dear Friend of GATA and Gold (and Silver):
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, reports tonight that the silver market has been in backwardation for 38 days, which he believes is unprecedented and signifies enormous stress in the market -- a serious shortage.
U.S. Mint suspends production of more gold and silver coins
Submitted by cpowell on Sat, 2009-03-14 16:23 Section: Daily Dispatches4:20p ET Saturday, March 14, 2009
Dear Friend of GATA and Gold (and Silver):
Another big story on gold omits most important parts
Submitted by cpowell on Sat, 2009-03-14 10:55 Section: Daily Dispatches10:52a ET Saturday, March 14, 2009
Dear Friend of GATA and Gold:
If one is going to criticize reporting and commentary about the gold market, one is likely to have to spend every waking moment doing it. But the story from London's Telegraph that is appended here may be especially provocative. For example:
If Jim Rogers doesn't know about it, it can't be happening
Submitted by cpowell on Fri, 2009-03-13 20:10 Section: Daily Dispatches8:13p ET Friday, March 13, 2009
Dear Friend of GATA and Gold (and Silver):
Warren Bevan, editor of Precious Metals Stock Review, was unfortunately not well prepared when, the other day, he interviewed renowned investment fund manager Jim Rogers and raised the question of manipulation of the precious metals markets.
Justice Litle: Is gold on 'deflationary death watch'?
Submitted by cpowell on Fri, 2009-03-13 19:36 Section: Daily Dispatches7:30p ET Friday, March 13, 2009
Dear Friend of GATA and Gold:
Swiss action sparks talk of currency war
Submitted by cpowell on Fri, 2009-03-13 01:34 Section: Daily DispatchesBy Peter Garnham
Financial Times, London
Thursday, March 12, 2009
http://www.ft.com/cms/s/0/a9ec76dc-0f40-11de-ba10-0000779fd2ac.html?ncli...
The Swiss National Bank moved to weaken the Swiss franc on Thursday, the first time a big central bank has intervened in the foreign exchange markets since Japan sought to weaken the yen in 2004.
Sprott launches gold bullion fund
Submitted by cpowell on Thu, 2009-03-12 19:27 Section: Daily Dispatches7:15p ET Thursday, March 12, 2008
Dear Friend of GATA and Gold:
Our dear friends at Sprott Asset Management in Toronto today announced their offering of a gold bullion fund to take real metal away from the paper market manipulators. A press release about the fund is appended.
GATA distributes international press release on Russia Today interview
Submitted by cpowell on Thu, 2009-03-12 18:58 Section: Daily Dispatches6:55p ET Thursday, March 12, 2009
Dear Friend of GATA and Gold:
GATA this evening distributed via the Business Wire service an international press release publicizing the Russia Today television network's interview with our board member, Adrian Douglas, about the Western central bank gold price suppression scheme. The release is appended.
Swiss investors pile into money market funds, gold
Submitted by cpowell on Wed, 2009-03-11 13:50 Section: Daily DispatchesBy Martin de Sa'Pinto
Reuters
Wednesday, March 11, 2009
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/id...
ZURICH -- Money markets accounted for most inflows into Swiss-registered funds in February, while Zuercher Kantonalbank's gold-backed exchange-traded fund saw the largest inflows of any single fund, Lipper data showed.
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