Daily Dispatches

James Turk: Gold closes August at nearly a record high

Submitted by cpowell on Sun, 2007-09-02 19:01 Section: Daily Dispatches

7p ET Sunday, September 2, 2007

Dear Friend of GATA and Gold:

Don't look now, but GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has gotten out his charts again and reports that gold finished August just off a record high -- the third-highest monthly closing price ever.

Read more about James Turk: Gold closes August at nearly a record high

Credit turmoil seen as a run in the 'shadow' banking system

Submitted by cpowell on Sun, 2007-09-02 16:34 Section: Daily Dispatches

By Krishna Guha
Financial Times, London
Sunday, September 2, 2007

http://www.ft.com/cms/s/0/d79548f2-5984-11dc-aef5-0000779fd2ac.html

Read more about Credit turmoil seen as a run in the 'shadow' banking system

Too-low interest rates caused housing boom and bust, central bankers told

Submitted by cpowell on Sun, 2007-09-02 08:51 Section: Daily Dispatches

By Alister Bull
Reuters
Saturday, September 1, 2007

http://www.reuters.com/article/businessNews/idUSN0144589820070901

JACKSON HOLE, Wyoming -- In rare public criticism of Alan Greenspan, former U.S. Undersecretary for International Affairs John Taylor said on Saturday that ultra-low Federal Reserve interest rates had stoked the U.S. housing boom and subsequent bust.

Read more about Too-low interest rates caused housing boom and bust, central bankers told

John Hathaway: A new chapter for gold

Submitted by cpowell on Sun, 2007-09-02 00:37 Section: Daily Dispatches

12:35a ET Sunday, September 2, 2007

Dear Friend of GATA and Gold:

John Hathaway, manager of the Tocqueville Gold Fund, argues in his latest essay, "A New Chapter for Gold," that the turmoil in the credit markets is the ideal scenario for launching gold to record highs. You can find Hathaway's essay at Gold-Eagle here:

http://www.gold-eagle.com/editorials_05/hathaway083107.html

Read more about John Hathaway: A new chapter for gold

Gartman admits gold price suppression but leaves out why

Submitted by cpowell on Sat, 2007-09-01 22:53 Section: Daily Dispatches

10:40p ET Saturday, September 1, 2007

Dear Friend of GATA and Gold:

In the Friday edition of The Gartman Letter (http://www.thegartmanletter.com/), Dennis Gartman again acknowledged that central banks are probably suppressing the price of gold, and as he did so, he couldn't help but mention GATA.

Gartman wrote:

Read more about Gartman admits gold price suppression but leaves out why

Bush to announce housing loan relief as Bernanke speaks

Submitted by cpowell on Fri, 2007-08-31 01:10 Section: Daily Dispatches

By Steven R. Weisman
The New York Times
Friday, August 31, 2007

http://www.nytimes.com/2007/08/31/business/31home.html?_r=1&hp&oref

Read more about Bush to announce housing loan relief as Bernanke speaks

John Crudele: Just what does Paulson talk about when he calls Wall Street?

Submitted by cpowell on Fri, 2007-08-31 00:57 Section: Daily Dispatches

Paulson Is Still Clamming Up About the PPT

By John Crudele
New York Post
Thursday, August 30, 2007

http://www.nypost.com/seven/08302007/business/paulson_is_still_clamming_...

Here's more from the interview that never happened -- my imaginary chat with Treasury Secretary Henry Paulson, who in real life refuses to discuss the Plunge Protection Team.

Read more about John Crudele: Just what does Paulson talk about when he calls Wall Street?

Traders snicker as Barclays blames technical problems

Submitted by cpowell on Thu, 2007-08-30 23:36 Section: Daily Dispatches

Barclays Borrows £1.6 Billion from Bank of England

By Edmund Conway and Philip Aldrick
The Telegraph, London
Friday, August 31, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/31/cnbank...

Barclays has been forced to tap the Bank of England's emergency lending fund after a major error in the City's trading systems wreaked havoc on the money markets.