Daily Dispatches

Gold mining mergers on hold until share prices stabilize

Submitted by cpowell on Thu, 2008-11-13 10:21 Section: Daily Dispatches

By Eric Onstad
Reuters
Thursday, November 13, 2008

http://www.reuters.com/article/mergersNews/idUSB10905520081113

LONDON -- Small gold firms hit by the credit crisis and weak gold prices are keen for mergers with bigger rivals, but consolidation will likely have to wait until volatile share prices stabilise, company officials said on Thursday.

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Ambrose Evans-Pritchard: Abandon all hope once you enter deflation

Submitted by cpowell on Wed, 2008-11-12 17:53 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, November 12, 2008

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/344866...

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David Bond: A black market in silver, right out in the open

Submitted by cpowell on Tue, 2008-11-11 21:16 Section: Daily Dispatches

9:09p ET Tuesday, November 11, 2008

Dear Friend of GATA and Gold (and Silver):

From the Edelmetall & Rohstoffmesse precious and resource metals show in Munich, David Bond, editor of the Silver Valley Mining Journal, muses about the black market that has developed in the precious metals. Bond writes:

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Goldman big winner in government's revised bailout of AIG

Submitted by cpowell on Tue, 2008-11-11 20:57 Section: Daily Dispatches

New AIG Rescue is Blessing for Banks

Buyers of Insurer's Default Swaps Would Recover Most of Their Money

By Serena Ng and Liam Pleven
The Wall Street Journal
Wednesday, November 12, 3008

Banks in the U.S. and abroad are among the biggest winners in the federal government's revamped $150 billion bailout of American International Group Inc.

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Russia signals depreciation of ruble

Submitted by cpowell on Tue, 2008-11-11 20:47 Section: Daily Dispatches

By Charles Cloverin
Financial Times, London
Tuesday, November 11, 2008

http://www.ft.com/cms/s/0/161fc804-b023-11dd-a795-0000779fd18c.html

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Goldman urged bets against California bonds it helped sell

Submitted by cpowell on Tue, 2008-11-11 08:20 Section: Daily Dispatches

By Sharona Coutts, Marc Lifsher, and Michael A. Hiltzik
Los Angeles Times
Tuesday, November 11, 2008

http://www.latimes.com/business/la-fi-goldman11-2008nov11,0,1943014.story

Goldman, Sachs & Co. urged some of its big clients to place investment bets against California bonds this year despite having collected millions of dollars in fees to help the state sell some of those same bonds.

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Lawrence A. Hunter: Obama's golden opportunity

Submitted by cpowell on Mon, 2008-11-10 21:54 Section: Daily Dispatches

By Lawrence A. Hunter
The Washington Times
Sunday, November 9, 2008

http://washingtontimes.com/news/2008/nov/09/golden-opportunity/

The worldwide economic crisis presents President-elect Barack Obama with a golden opportunity to establish his leadership bonafides preemptively before the anticipated foreign challenge comes to test his mettle as a leader.

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Ted Butler: Silver was smashed to ease Morgan's takeover of Bear

Submitted by cpowell on Mon, 2008-11-10 15:30 Section: Daily Dispatches

3:22p ET Monday, November 10, 2008

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler has obtained a letter from the U.S. Commodity Futures Trading Commission to U.S. Rep. Gary G. Miller, Republican of California, that virtually confirms Butler's speculation in September that the smashing of the silver price this year involved JPMorganChase's takeover of Bear Stearns in March.