Daily Dispatches

Edwin Vieira Jr.: Silver and gold guarantee freedom

Section:

Address by Edwin Vieira Jr.
Gold Anti-Trust Action Committee Inc. conference
GATA Goes to Washington -- Anybody Seen Our Gold?
Hyatt Regency Crystal City Hotel, Arlington, Virginia
Friday, April 18, 2008

IMF may have no gold at all but Fed has gold secrets

Section:

1:20a ET Saturday, April 19, 2008

Dear Friend of GATA and Gold:

Please note from the previous dispatch -- your secretary/treasurer's opening remarks at GATA's Washington conference yesterday (http://www.gata.org/node/6241) -- a couple of important disclosures.

Chris Powell: There are no markets anymore, just interventions

Section:

Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
GATA Goes to Washington -- Anybody Seen Our Gold?
Hyatt Regency Crystal City Hotel, Arlington, Virginia
Friday, April 18, 2008

Bank of Russia starts buying gold directly from mines

Section:


From Interfax News Service
Friday, April 18, 2008

http://www.interfax.com/3/386119/news.aspx

MOSCOW -- For the first time, the Bank of Russia purchased gold for its international reserves from gold producers, a source in banking circles told Interfax.

Previously the central bank had always purchased gold on the interbank market.

* * *

Help Keep GATA Going

To hide desperation for cash, banks may be falsifying interest rate reports

Section:

Bankers Cast Doubt on Key Interest Rate Amid Crisis

By Carrick Mollenkamp
The Wall Street Journal
Wednesday, April 16, 2008

LONDON -- One of the most important barometers of the world's financial health could be sending false signals.

How much gold do Vietnamese keep under their pillows?

Section:

From Tuoi Tre
Ho Chi Minh City, Vietnam
Wednesday, April 16, 2008

http://english.vietnamnet.vn/biz/2008/04/778680/

It is estimated that some 600 tonnes of gold have been imported into Vietnam. Only a small part of the volume has been deposited at banks or crossed the borders again. How much gold are Vietnamese people keeping under their pillows then?

European authorities losing patience with collapsing dollar

Section:

By Ambrose Evans-Pritchard
The Telegraph, London
Friday, April 18, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/18/cneuro...

Jean-Claude Juncker, the European Union's "Mr Euro," has given the clearest warning to date that the world authorities may take action to halt the collapse of the dollar and undercut commodity speculation by hedge funds.

Chinese potash importers agree to triple payments

Section:

By Euan Rocha
Reuters
Wednesday, April 16, 2008

http://www.reuters.com/article/companyNews/idUSN1630982020080416?sp=true

NEW YORK -- Chinese fertilizer importers agreed on Wednesday to pay more than triple what they did a year ago for potash imports.

Oil surges as investors hunt an 'anti-dollar'

Section:

Now why wouldn't that be gold? Is oil's sharp
rise recognition that gold and silver can't
fully hedge inflation as long as their markets
are rigged by central banks?

* * *

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, April 17, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/17/cnoil1...

Why high gold prices haven't led to more production

Section:

By Fabrice Taylor
The Globe and Mail, Toronto
Wednesday, April 16, 2008

http://www.theglobeandmail.com/servlet/story/LAC.20080416.RVOX16/TPStory...

Ask an economist what happens to the supply of a commodity as its price rises and he'll tell you it eventually goes up as producers try to take advantage of good times.

Syndicate content