Daily Dispatches

Central banks extend emergency credit; rate hikes less likely

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And now you know why gold has been bombed this week.

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Central Banks Fire New Round at Credit Crisis

By Glenn Somerville
Reuters
Wednesday, July 30, 2008

http://www.reuters.com/article/ousiv/idUSWAT00986620080730

James Turk: More than a helping hand

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8:45a ET Wednesday, July 30, 2008

Dear Friend of GATA and Gold:

IMF sees no end to credit crisis

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But maybe selling more gold will help. ...

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By Krishna Guha
Financial Times, London
Monday, July 28, 2008

http://www.ft.com/cms/s/0/a3deb7da-5caf-11dd-8d38-000077b07658.html?ncli...

Global financial markets are "fragile" and indicators of systemic risk remain "elevated" almost a year into the credit crisis, the International Monetary Fund said on Monday.

Ted Butler: Oil market manipulation was on the short side

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3:15p ET Monday, July 28, 2008

Dear Friend of GATA and Gold:

If you ever have trouble receiving the GATA Dispatch

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9:40p ET Sunday, July 27, 2008

Dear Friend of GATA and Gold:

Please pardon the distraction of a few technical issues.

As costs rise, inflation's next front is retailers

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By Ellen Simon
Associated Press
via Yahoo News
Sunday, July 27, 2008

http://news.yahoo.com/s/ap/20080727/ap_on_re_us/inflation_forecast;_ylt=...

NEW YORK -- Coming to a store near you: Even higher prices.

British Treasury planning huge rescue for mortgage lenders

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Treasury Plan to Rescue Mortgage Lenders

By Edmund Conway
The Telegraph, London
Sunday, July 27, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/27/cnplan...

The Treasury is preparing a radical rescue plan for the housing market which may involve pumping billions of pounds into the stricken mortgage markets.

Is central banking inevitably deceitful, corrupt, and grafting?

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10a ET Saturday, July 26, 2008

Dear Friend of GATA and Gold:

Gold options point to $1,200

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By Frank Tang
Reuters
Friday, July 25, 2008

http://www.reuters.com/article/hotStocksNews/idUSN2535920220080725

NEW YORK -- Heavy bets in deep out-of-the-money calls and other bullish plays in the gold options market indicate that bullion has a shot at rallying to an all-time peak of $1,200 an ounce by the end of the year.

Jim Willie: U.S. central banking is now just ruthless patronage

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10:45p ET Thursday, July 24, 2008

Dear Friend of GATA and Gold:

Market analyst Jim Willie's latest letter, "Gold Ambush Tactics and Potpourri" has some intemperate language, but it is an important elaboration on a point your secretary/treasurer has been trying to make for some time about what central banking has become, particularly in the United States. That is:

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