Daily Dispatches

Devaluations continue as Japan prepares to sell yen

Submitted by cpowell on Thu, 2008-12-18 00:19 Section: Daily Dispatches

By Stanley White
Bloomberg News
Thursday, December 18, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=ar3TlpiLIzqY&refer=home

TOKYO -- The yen fell from near a 13-year high against the dollar after Japanese Finance Minister Shoichi Nakagawa signaled the nation is ready to sell the currency.

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Thom Calandra: Tipping point as gold virus spreads

Submitted by cpowell on Wed, 2008-12-17 19:45 Section: Daily Dispatches

7:45p ET Wednesday, December 17, 2008

Dear Friend of GATA and Gold:

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Toronto exchange closed by computer failure

Submitted by cpowell on Wed, 2008-12-17 19:34 Section: Daily Dispatches

By John Kipphoff
Bloomberg News
Wednesday, December 17, 2008

http://www.bloomberg.com/apps/news?pid=20601082&sid=a15Rjc.jU0B8

TORONTO -- The Toronto Stock Exchange suffered a daylong trading disruption after a computer failure prevented quotes from being disseminated, causing the worst halt for a major market since September.

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GATA shouts its way into Chapman's technical commentary

Submitted by cpowell on Wed, 2008-12-17 19:17 Section: Daily Dispatches

7:19p ET Wednesday, December 17, 2008

Dear Friend of GATA and Gold:

David Chapman of Union Securities in Toronto takes note of GATA's noisemaking in his gold market technical commentary posted today, which you can find at GoldSeek here:

http://news.goldseek.com/UnionSecurities/1229533536.php

And at Gold-Eagle here:

http://www.gold-eagle.com/gold_digest_08/chapman121708.html

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John Kemp: Fed unleashes greatest bubble of all

Submitted by cpowell on Wed, 2008-12-17 19:01 Section: Daily Dispatches

By John Kemp
Reuters
Wednesday, December 17, 2008

http://blogs.reuters.com/great-debate/2008/12/17/fed-unleashes-greatest-...

Like the sorcerer's apprentice, Federal Reserve Chairman Ben Bernanke and his predecessor Alan Greenspan have unleashed a series of ever-larger asset bubbles they cannot control.