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Daily Dispatches
India, another rich country insisting on being poor -- until now, maybe
Submitted by cpowell on Mon, 2007-07-30 21:04 Section: Daily DispatchesNew Rules to Boost
India's Gold, Diamond Output
From Reuters
via Daily Times, Lahore, Pakistan
Tuesday, July 31, 2007
http://www.dailytimes.com.pk/default.asp?page=2007%5C07%5C31%5Cstory_31-...
Credit derivatives 'performing poorly' in crisis
Submitted by cpowell on Mon, 2007-07-30 20:26 Section: Daily DispatchesCredit Insurance Costs Soar to Record
By Stacy-Marie Ishmael and Gillian Tett
Financial Times, London
Monday, July 30, 2007
http://www.ft.com/cms/s/041c1122-3ed1-11dc-bfcf-0000779fd2ac.html
Anti-gold cartel's UBS plans fund to short commodities
Submitted by cpowell on Mon, 2007-07-30 20:16 Section: Daily DispatchesUBS to Launch New Product for Commodities
By Javier Blas
Financial Times, London
Monday, July 30, 2007
http://www.ft.com/cms/s/9c7d8216-3ed6-11dc-bfcf-0000779fd2ac.html
Gee, you think they might be trying to suppress gold?
Submitted by cpowell on Mon, 2007-07-30 15:02 Section: Daily Dispatches3p ET Monday, July 30, 2007
Dear Friend of GATA and Gold:
A writer for MineWeb, Lawrence Williams, notes in commentary posted yesterday that gold sales by the European Central Bank increasingly seem intended to prevent the gold price from breaking out and to support the dollar.
All together now: Uh-DUH!
Bundesbank looks to learn from its past
Submitted by cpowell on Sun, 2007-07-29 19:57 Section: Daily DispatchesBy Ralph Atkins
Financial Times, London
Sunday, July 29, 2007
http://www.ft.com/cms/s/6442812e-3de8-11dc-8f6a-0000779fd2ac.html
FRANKFURT, Germany -- Mervyn King, current governor of the Bank of England, was astonished on his first visit to the Bundesbank in the early 1990s, at least according to his host, Otmar Issing, then chief economist at Germany’s central bank.
An exchange with Jay Taylor about deflation
Submitted by cpowell on Sun, 2007-07-29 00:17 Section: Daily Dispatches12:16a ET Sunday, July 29, 2007
Dear Friend of GATA and Gold:
Newsletter writer and longtime GATA supporter Jay Taylor had an exchange with your secretary/treasurer about Saturday's GATA Dispatch on the chance of deflation. Taylor has kindly agreed to let his comments be distributed here, so they are appended, along with a few more comments from me.
Dan Norcini: Bullion bank efforts against gold reached record last week
Submitted by cpowell on Sat, 2007-07-28 23:26 Section: Daily DispatchesBy Dan Norcini
www.JSMineset.com
Friday, July 27, 2007
I mentioned last week that the commercial shorts (aka the perma gold shorts or the bullion banks) would have to absorb a tremendous amount of buying to keep gold from surging to $700, since the fund net long position was comparatively small by recent historical standards.
Well, guess what -- they did exactly that.
Is gold's problem really an impending deflation?
Submitted by cpowell on Sat, 2007-07-28 11:20 Section: Daily Dispatches11:15a ET Saturday, July 28, 2007
Dear Friend of GATA and Gold:
GATA's friend M.L.B. writes:
"I have my own take on the recent decline in the price of gold -- the spectre of deflation.
Help compel Treasury to answer New York Post's John Crudele
Submitted by cpowell on Sat, 2007-07-28 11:07 Section: Daily Dispatches11a ET Saturday, July 28, 2007
Dear Friend of GATA and Gold:
John Crudele: Wish my FOIA request a happy birthday
Submitted by cpowell on Thu, 2007-07-26 10:03 Section: Daily DispatchesBy John Crudele
New York Post
Thursday, July 26, 2007
http://www.nypost.com/seven/07262007/business/wish_my_foia_request_a_hap...
I'd like you to join me in wishing my FOIA request a happy birthday. It turned 1 year old yesterday.
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