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Daily Dispatches
Private commodity traders losing trust in counterparties
Submitted by cpowell on Mon, 2008-10-13 20:09 Section: Daily DispatchesRush to Put Private Commodities Contracts on Exchanges
By Javier Blas and Jeremy Grant
Financial Times, London
Sunday, October 12, 2008
http://www.ft.com/cms/s/0/aa0c5430-9884-11dd-ace3-000077b07658.html?ncli...
Libor dollar rates drop amid stepped-up bank rescues
Submitted by cpowell on Mon, 2008-10-13 18:39 Section: Daily DispatchesBy Gavin Finch
Bloomberg News
Monday, October 13, 2008
http://www.bloomberg.com/apps/news?pid=20601085&sid=aRZTg5IzBnI0
LONDON -- Money-market rates in London fell after policy makers offered banks unlimited dollar funding and European governments pledged to take "all necessary steps" to shore up confidence among lenders.
Gold price manipulation makes it back on CNBC
Submitted by cpowell on Mon, 2008-10-13 18:12 Section: Daily Dispatches6:10p ET Monday, October 13, 2008
Dear Friend of GATA and Gold:
Ted Butler: The masters of destruction
Submitted by cpowell on Mon, 2008-10-13 15:04 Section: Daily Dispatches3p ET Monday, October 13, 2008
Dear Friend of GATA and Gold (and Silver):
Silver market analyst Ted Butler's new commentary, "The Masters of Destruction," analyzes the most recent takedown in silver and the covering of short positions by the market manipulators. You can find it at GoldSeek's companion site, SilverSeek, here:
Take delivery from the futures exchanges
Submitted by cpowell on Mon, 2008-10-13 12:18 Section: Daily Dispatches12:14p ET Monday, October 13, 2008
Dear Friend of GATA and Gold:
Business Day cites GATA; and any GATA fans in Florida?
Submitted by cpowell on Mon, 2008-10-13 11:40 Section: Daily Dispatches11:41a ET Monday, October 13, 2008
Dear Friend of GATA and Gold:
GATA is mentioned today in commentary in the South African business newspaper Business Day. It's in an essay written by Jean Temkin, it's headlined "Gold Will Thrive on Dollar Flight," and you can find it here:
http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A862031
Infinite dollars and more interest rate cuts on the way
Submitted by cpowell on Mon, 2008-10-13 08:53 Section: Daily DispatchesCentral Banks Flood System With Dollars
By John Fraher and Simon Kennedy
Bloomberg News
Monday, October 13, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWco7rn0SIxs&refer=home
U.S. national debt clock runs out of digits
Submitted by cpowell on Sun, 2008-10-12 21:12 Section: Daily DispatchesBy The Associated Press
via MSNBC.com
Sunday, October 12, 2008
http://www.msnbc.msn.com/id/27150961/
NEW YORK -- A watched clock never moves -- unless it's the National Debt Clock.
In fact, the digital counter has been moving so much that it recently ran out of digits to display the ballooning figure: $10,150,603,734,720, or roughly $10.2 trillion, as of Saturday afternoon.
ECB looks for ways to lend against commercial paper
Submitted by cpowell on Sun, 2008-10-12 20:14 Section: Daily DispatchesBy Gregory Viscusi and Gabi Thesing
Bloomberg News
Monday, October 13, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMrlyjJ9abEQ&refer=home
PARIS -- European Central Bank President Jean-Claude Trichet said the ECB will examine ways to widen its lending rules after governments asked it to set up a facility to buy commercial paper.
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: