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Daily Dispatches
Gene Arensberg's 'Got Gold Report'
Submitted by cpowell on Sun, 2008-10-12 18:22 Section: Daily Dispatches6:20p ET Sunday, October 12, 2008
Dear Friend of GATA and Gold:
In his "Got Gold Report" at Resource Investor tonight, Gene Arensberg reflects on the disparity between the paper and physical gold markets and the rise in holdings of the gold exchange-traded fund. Arensberg's report is headlined "Market Mayhem Continues, Silver Crushed," and you can find it here:
Adrian Douglas: Bond market collapse is imminent
Submitted by cpowell on Sun, 2008-10-12 17:55 Section: Daily Dispatches5:49p ET Sunday, October 12, 2008
Dear Friend of GATA and Gold:
Euro bloc plans to guarantee new bank debt
Submitted by cpowell on Sun, 2008-10-12 15:57 Section: Daily DispatchesBy Greg Keller
Associated Press
Sunday, October 12, 2008
http://news.yahoo.com/s/ap/20081012/ap_on_bi_ge/eu_europe_crisis_summit;...
PARIS -- Countries that use the euro will temporarily guarantee future bank debt to encourage lending and ease the credit crunch, according to a draft statement under discussion by European leaders Sunday.
Let's hope that Paulson is a rare coin collector too
Submitted by cpowell on Sun, 2008-10-12 12:50 Section: Daily DispatchesRare Gold Coin to Be on Display at Old Mint
By The Associated Press
via KATC-TV, Lafayette, Louisiana
Sunday, October 12, 2008
http://www.katc.com/Global/story.asp?S=9165853
NEW ORLEANS -- Talk about an investment in gold. This one is insured for $2.5 million, although it contains only a half-ounce of the precious metal.
Fat Prophets: Gold -- the last carry trade
Submitted by cpowell on Sun, 2008-10-12 11:54 Section: Daily Dispatches11:54a ET Sunday, October 12, 2008
Dear Friend of GATA and Gold:
Austria sees new gold rush as its mint struggles to keep up
Submitted by cpowell on Sun, 2008-10-12 11:38 Section: Daily DispatchesBy Bethany Bell
BBC News, London
Sunday, October 12, 2008
http://news.bbc.co.uk/2/hi/europe/7663753.stm
VIENNA, Austria -- There's a new gold rush.
The financial crisis is prompting people to look for safer forms of investment than stocks and shares.
Frannie to buy $40 billion in junk mortgages each month
Submitted by cpowell on Sun, 2008-10-12 00:10 Section: Daily DispatchesBy Dawn Kopecki
Bloomberg News
Saturday, October 11, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aDjJYMSphyM0&refer=home
British bank rescues may close London market on Monday
Submitted by cpowell on Sat, 2008-10-11 23:53 Section: Daily DispatchesState to Save HBOS and RBS
John Waples and Iain Dey
The Times, London
Sunday, October 12, 2008
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_...
The government will launch the biggest rescue of Britain's high-street banks tomorrow when the UK's four biggest institutions ask for a L35-billion financial lifeline.
GoldMoney's James Turk reports on getting real metal
Submitted by cpowell on Fri, 2008-10-10 21:30 Section: Daily Dispatches9:30p ET Friday, October 10, 2008
Dear Friend of GATA and Gold:
Dan Norcini on the panic to buy gold and sell 'gold'
Submitted by cpowell on Fri, 2008-10-10 19:28 Section: Daily Dispatches7:25p ET Friday, October 11, 2008
Dear Friend of GATA and Gold:
JSMineSet.com's gold market analyst, Dan Norcini, may say most of what needs to be said about a world where gold is being bought in panic everywhere except in London and New York, where it is being sold in panic, at least in paper form. You can find Norcini's commentary and chart here: