Daily Dispatches

Michael Kosares: Gold coin shortage likely to become chronic

Submitted by cpowell on Sun, 2009-03-08 21:30 Section: Daily Dispatches

By Michael Kosares
Centennial Precious Metals, Denver
http://www.usagold.com
Sunday, March 8, 2009

Is the U.S. Mint's production problem long-term or short-term?

What will be the effect on gold coin prices?

In 1999, at the height of the Y2K crisis and under the strain of record gold demand, the U.S. Mint produced 2,055,000 1-ounce gold American eagles.

Read more about Michael Kosares: Gold coin shortage likely to become chronic

Bloomberg TV in Asia cites GATA during Rogers interview

Submitted by cpowell on Sun, 2009-03-08 20:06 Section: Daily Dispatches

7:54p ET Sunday, March 8, 2009

Dear Friend of GATA and Gold:

Friends report that Bloomberg Television's Asia program moderator, Bernard Lo in Hong Kong, tonight mentioned GATA in a question he put on the air to renowned investor Jim Rogers during the interview from which the Bloomberg story appended here was drawn.

Read more about Bloomberg TV in Asia cites GATA during Rogers interview

Hedge fund investors turn to gold

Submitted by cpowell on Sun, 2009-03-08 17:32 Section: Daily Dispatches

But real metal or just manipulated paper?

* * *

By Henny Sender and Javier Blas
Financial Times, London
Sunday, March 8, 2009

http://www.ft.com/cms/s/0/37fcba70-0c0a-11de-b87d-0000779fd2ac.html

Hedge fund investors who made money last year by betting against investment banks are now buying gold as a way of betting against central banks.

Read more about Hedge fund investors turn to gold

Barrick founder sets no limits on gold price

Submitted by cpowell on Sun, 2009-03-08 17:03 Section: Daily Dispatches

By William MacNamara
Financial Times, London
Sunday, March 8, 2009

http://www.ft.com/cms/s/0/1f4375ee-0c07-11de-b87d-0000779fd2ac.html?ncli...

Read more about Barrick founder sets no limits on gold price

Financial Times only pretends to report on gold market

Submitted by cpowell on Sat, 2009-03-07 14:39 Section: Daily Dispatches

2:36p ET Saturday, March 7, 2009

Dear Friend of GATA and Gold:

Friday's Financial Times story by Javier Blas about the prospects for renewal of the central bank gold sales agreement, appended here, seems to go out of its way to avoid reporting anything worthwhile, even after advertising the reporter's connections to insiders.

Read more about Financial Times only pretends to report on gold market

James Saft: Only way out is to inflate and default

Submitted by cpowell on Sat, 2009-03-07 13:51 Section: Daily Dispatches

Let Sleeping Shadow Banking Systems Lie

By James Saft
Reuters
Friday, March 6, 2009

http://blogs.reuters.com/great-debate/2009/03/06/let-sleeping-shadow-ban...

Rather than vainly trying to refloat the shadow banking system, the U.S. would be better off grappling with the inevitable ultimate solution -- debt destruction and inflation.

Read more about James Saft: Only way out is to inflate and default

Local banks angry they're paying for Wall Street's greed

Submitted by cpowell on Sat, 2009-03-07 13:28 Section: Daily Dispatches

By Linda Shen
Bloomberg News
Friday, March 6, 2009

http://www.bloomberg.com/apps/news?pid=20601109&sid=anmrn4H8hXfw&refer=e...

TCF Financial Corp., the Wayzata, Minnesota-based bank that never made a subprime loan and hasn't lost money since 1995, is asking why it should help clean up the mess made by Wall Street.