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Daily Dispatches
Chris Powell: There are no markets anymore, just interventions
Submitted by cpowell on Sat, 2008-04-19 00:51 Section: Daily DispatchesRemarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
GATA Goes to Washington -- Anybody Seen Our Gold?
Hyatt Regency Crystal City Hotel, Arlington, Virginia
Friday, April 18, 2008
Bank of Russia starts buying gold directly from mines
Submitted by cpowell on Sat, 2008-04-19 00:10 Section: Daily Dispatches
From Interfax News Service
Friday, April 18, 2008
http://www.interfax.com/3/386119/news.aspx
MOSCOW -- For the first time, the Bank of Russia purchased gold for its international reserves from gold producers, a source in banking circles told Interfax.
Previously the central bank had always purchased gold on the interbank market.
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Help Keep GATA Going
To hide desperation for cash, banks may be falsifying interest rate reports
Submitted by cpowell on Fri, 2008-04-18 01:10 Section: Daily DispatchesBankers Cast Doubt on Key Interest Rate Amid Crisis
By Carrick Mollenkamp
The Wall Street Journal
Wednesday, April 16, 2008
LONDON -- One of the most important barometers of the world's financial health could be sending false signals.
How much gold do Vietnamese keep under their pillows?
Submitted by cpowell on Fri, 2008-04-18 00:51 Section: Daily DispatchesFrom Tuoi Tre
Ho Chi Minh City, Vietnam
Wednesday, April 16, 2008
http://english.vietnamnet.vn/biz/2008/04/778680/
It is estimated that some 600 tonnes of gold have been imported into Vietnam. Only a small part of the volume has been deposited at banks or crossed the borders again. How much gold are Vietnamese people keeping under their pillows then?
European authorities losing patience with collapsing dollar
Submitted by cpowell on Fri, 2008-04-18 00:32 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, April 18, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/18/cneuro...
Jean-Claude Juncker, the European Union's "Mr Euro," has given the clearest warning to date that the world authorities may take action to halt the collapse of the dollar and undercut commodity speculation by hedge funds.
Chinese potash importers agree to triple payments
Submitted by cpowell on Thu, 2008-04-17 09:23 Section: Daily DispatchesBy Euan Rocha
Reuters
Wednesday, April 16, 2008
http://www.reuters.com/article/companyNews/idUSN1630982020080416?sp=true
NEW YORK -- Chinese fertilizer importers agreed on Wednesday to pay more than triple what they did a year ago for potash imports.
Oil surges as investors hunt an 'anti-dollar'
Submitted by cpowell on Thu, 2008-04-17 00:44 Section: Daily DispatchesNow why wouldn't that be gold? Is oil's sharp
rise recognition that gold and silver can't
fully hedge inflation as long as their markets
are rigged by central banks?
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By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, April 17, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/17/cnoil1...
Why high gold prices haven't led to more production
Submitted by cpowell on Thu, 2008-04-17 00:28 Section: Daily DispatchesBy Fabrice Taylor
The Globe and Mail, Toronto
Wednesday, April 16, 2008
http://www.theglobeandmail.com/servlet/story/LAC.20080416.RVOX16/TPStory...
Ask an economist what happens to the supply of a commodity as its price rises and he'll tell you it eventually goes up as producers try to take advantage of good times.
Prices soaring as biggest grain exporters halt foreign sales
Submitted by cpowell on Wed, 2008-04-16 00:22 Section: Daily DispatchesBy Javier Blas, Isabel Gorst, and Lindsay Whipp
Financial Times, London
Wednesday, April 16, 2008
http://www.ft.com/cms/s/0/38cd4d58-0b15-11dd-8ccf-0000779fd2ac.html?ncli...
Ted Butler: Super concentration
Submitted by cpowell on Tue, 2008-04-15 23:55 Section: Daily Dispatches11:50p ET Tuesday, April 15, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler reports that the concentration of the short positions in the gold and silver markets now appears to have reached an astounding level, a measure of the manipulation under way there. His new commentary, "Super Concentration," can be found at GoldSeek's companion site, SilverSeek, here:
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