You are here

Daily Dispatches

Gene Arensberg: Gold, silver demand white-hot

Section: Daily Dispatches

11:35p ET Monday, September 29, 2008

Dear Friend of GATA and Gold:

Gene Arensberg's new "Got Gold Report" at Resource Investor contends that the physical and exchange-traded fund markets for gold and silver are sending a message to the futures market, where "panic" drove prices too low. Arensberg's report is headlined "Gold, Silver Demand White-Hot" and you can find it here:

Market letter from Gold & Silver Investments Ltd. in Dublin

Section: Daily Dispatches

11:30p ET Monday, September 29, 2008

Dear Friend of GATA and Gold:

This afternoon's events have somewhat overtaken today's market letter from Mark O'Byrne of Gold & Silver Investments Ltd. in Dublin, but it summarizes well the circumstances developing in gold's favor. You can find it here:

http://www.goldassets.co.uk/articles/Gold_Investments_Market_Update.html

Germany, Switzerland are done selling gold

Section: Daily Dispatches

Germany's Bundesbank to Keep Its Gold Reserves

From Reuters
via The Guardian, London
Monday, September 29, 2008

http://www.guardian.co.uk/business/feedarticle/7836677

FRANKFURT, Germany -- Germany's Bundesbank will hold on to the vast bulk of its gold reserves in the next 12 months, the central bank said on Monday.

Ted Butler: Meet the new boss, same as the old boss?

Section: Daily Dispatches

4:20p ET Monday, September 29, 2008

Dear Friend of GATA and Gold:

MiningMX takes note of GATA's work

Section: Daily Dispatches

4p ET Monday, September 29, 2008

Dear Friend of GATA and Gold:

MiningMX takes note of GATA's work in a report filed by Allan Seccombe, "So Why Isn't the Gold Price Running?," here:

http://www.miningmx.com/gold_silver/771756.htm

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Toronto Resource Investment Conference

Private banks rethinking gold, could be next big buyers

Section: Daily Dispatches

By Jonathan Leff
Reuters
Monday, September 29, 2008

http://in.reuters.com/article/businessNews/idINIndia-35707320080929

KYOTO, Japan -- Private banks could be the next big buyers in the global gold market, helping drive prices higher as they consider restocking bullion bars that were sold off in calmer times, the top HSBC gold trader said on Monday.

Nouriel Roubini: Bailout benefits only banks and their unsecured creditors

Section: Daily Dispatches

There were many other options.

* * *

By Nouriel Roubini
Roubini's Global EconoMonitor
Sunday, September 28, 2008

http://www.rgemonitor.com/blog/roubini/

Is purchasing $700 billion of toxic assets the best way to recapitalize the financial system? No. It is rather a disgrace and ripoff benefitting only the shareholders and unsecured creditors of banks.

Hedge funds grudgingly to reveal U.S. short positions

Section: Daily Dispatches

By Rachelle Younglai and Jennifer Ablan
Reuters
Sunday, September 28, 2008

http://www.reuters.com/article/marketsNews/idINN2630088120080928?rpc=44

Hedge fund managers are reluctantly preparing to disclose their short positions to U.S. regulators on Monday, a move set to give a rare public glimpse into their secretive trading strategies two weeks later.

Mints, refiners cut off gold, silver supplies, Irish dealer says

Section: Daily Dispatches

Gold and Silver Dealer Reports 'Unprecedented' Shortage of Metals

By David Clerkin
The Sunday Business Post, Dublin, Ireland
Sunday, September 28, 2008

http://www.thepost.ie/post/pages/p/story.aspx-qqqt=MARKETS-qqqm=nav-qqqi...

Traders, strategists expect central banks to prop dollar

Section: Daily Dispatches

They'll intervene in all markets except the precious metals markets, right?

* * *

Expect Global Support for U.S. Dollar

From Bloomberg News
via The Age, Melbourne, Australia
Monday, September 29, 2008

http://business.theage.com.au/business/expect-global-support-for-us-doll...

Pages