Daily Dispatches

Bundesbank looks to learn from its past


By Ralph Atkins
Financial Times, London
Sunday, July 29, 2007


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


12:16a 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


By Dan Norcini
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?


11:15a 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


11a ET Saturday, July 28, 2007

Dear Friend of GATA and Gold:

John Crudele: Wish my FOIA request a happy birthday


By John Crudele
New York Post
Thursday, July 26, 2007


I'd like you to join me in wishing my FOIA request a happy birthday. It turned 1 year old yesterday.

Nick Jones: The gold carry trade


1a ET Thursday, July 26, 2007

Dear Friend of GATA and Gold:

Agora Financial's free daily letter, Whiskey and Gunpowder, yesterday carried an excellent essay by Nick Jones about the manipulation of the gold market, "The Gold Carry Trade." It is appended but needs two corrections.

Mortgage defaults already coming from good-credit borrowers


By Alex Veiga
Associated Press
via Yahoo News
Wednesday, July 25, 2007


LOS ANGELES -- Here's a scary thought about the latest bad news on housing:

Zimbabwe's official gold price rises 10-fold overnight


From Reuters
Wednesday, July 25, 2007


HARARE, Zimbabwe -- Zimbabwe's central bank raised on Wednesday the local price of gold nearly 10-fold in a bid to curb smuggling and boost sagging deliveries.

Reg Howe: Gibson's Paradox and rising rates


9p ET Wednesday, July 25, 2007

Dear Friend of GATA and Gold:

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